An important question to ask yourself early 🧐

This isn't the first time I have asked myself this question. Revealing everything about yourself on Hive comes with risk and responsibility. Right now it may not seem like much since there are only around 20k active users on Hive. However, things might look vastly different once there are millions of active accounts and every single person has the ability to look at your wallet and see how much money you have.

This decision comes down to a battle between privacy and transparency. Blockchains are well known for making data visible to everyone involved and not just centralized powers. There are however privacy blockchains such as Monero that allow users to move their funds without having to worry about who is watching their activity.

Then there is Hive, a place where you can be totally open to everything, or a place where you lurk in the shadows. There are many anonymous accounts on Hive, some are even whales and hold massive amounts of Hive Power. These individuals are obviously not okay with everyone knowing full details about their financial prowess.

We all have reasons for whether or not we choose to be anonymous on Hive. I do want to say that I think you can still be a valid community member and even a community leader without revealing your identity. Decentralized Web 3 is supposed to be trustless, so seeing someone's face and knowing where they live shouldn't change anything. Just look at the recent news about Three Arrows Capital and how the founders (who doxxed themselves) have run off with billions of dollars of customer funds. That right there should tell you that just because someone isn't anonymous, does NOT mean they are someone that you can trust or find.

Watch the video 👀

In today's video, I wanted to take the time to discuss this topic in depth. There are many different things to consider when it comes to whether or not you are anonymous on Hive. There is no one way to do this and I advise that you make your own decision about this type of thing and stay aware of how our environment evolves over the next several years.

Below I will link my older blog that I mentioned in the video where I give you even more written information about anonymity on Hive.

"Are you comfortable with your wealth being 100% visible to the public?"

https://peakd.com/hive-167922/@daltono/public-wallet-hive

Thanks for watching my video today and be sure to leave your thoughts below in the comments. I am looking forward to talking about this important topic with my friends here on Hive throughout various communities such as LeoFinance and 3Speak.

My NFTs: https://inji.com/@daltono/nfts

▶️ 3Speak