Implementing a Unique Hashing system will allow users of Bitcoin to stay completely anonymous and also drive the institution-led KYC push down.
If we allow it and fall in line like they want us to, they will lead this industry as they wish and run it into the ground. The mainstream is going to adopt it one way or another as we have seen the adoption curve going higher as Satoshi predicted years ago, the institutions can do nothing to stop it though they want to act like they can. The more we fall in line, the more they will think they can control the markets and the technology's direction. They are just adopters, not creators.
Three things that need improvement in this now almost a decade old system:
-Bitcoin Transaction Fees
-Bitcoin Block Size
-Anonymity and privacy integrity
As for legality, it was not legal when it came out nor when it started being adopted in SR. We really shouldn't let them fool us into thinking it matters a lot if we don't listen to them, specially not now when mainstream is mass adopting it.
After the recent wave of "cryptoban" propaganda that has been going around, I wrote a small program which follows Satoshi's thoughts and creates a Unique Hashing system, the source can be found on this thread:
https://bitcointalk.org/index.php?topic=2725398.0What it does is allowing anyone to create a Unique Hash using SHA256 fingerprinting but not just by direct hashing or simply double hashing but also appending Unique Identifiers, in the example program's case, I used the TXID hash with 2 pieces of user input data.
That TXID can be known globally but our data still can't be cracked without the 2 pieces we chose/input.
We can also change the 2 inputs and 1 Unique Identifier to 3 or 4 or 5 or..so on to N degrees. The source comments I wrote shows how. This can have multi-dimensional layers of hiding and securing our data integrity.
Thank you.
