Oct 2, 2026 · 49 min · 12 segments
Is a crypto transaction really private if the transaction itself is hidden — but someone can still work out who sent it, when it happened, where it came from and who processed it? Dr. Corey Petty…
Corey PettyGuestRyanHostSeanHostCorey, can we make this more practical, right? So let's say Ryan sends me a message and he says, Sean, I'm sending you $10,000.
Come on, baby.
Take us from that message all the way to the final settlement.
But I just want you to stop around, you know, six important checkpoints, you know, at every stop, tell us like three things, what leaks, who could see it and why should I care?
When you look at like massive surveillance systems, they don't know, they never knew the contents of your emails or your phone calls.
They knew that they were happening and when they happened, who they happened with.
So there's metadata was all this incredibly valuable information that you're given.
First, you have the first step, which is like figuring out who you're going to talk to and how to get a hold of them and then establishing a channel of communication with them.
So you have this like initial connection establishment and diligence of who you're going to be doing this transaction with.
And right now we do that through things like Telegram or Signal or Discord or in real life or through like mediated through some firm.
Uh, and that is all reliant on various infrastructure that is actively watching and keeping track of who you're talking to when you're doing it.
In some cases, they see the contents of that conversation as you figure out, as you expressed him, Hey man, I'm gonna give you $10,000 today.
And they're just tracking all of this and correlating it and keeping track of it.
Many things have happened in terms of what sites you're using, when you use them.
Corey, can we make this more practical, right? So let's say Ryan sends me a message and he says, Sean, I'm sending you $10,000.
Come on, baby.
Take us from that message all the way to the final settlement.
But I just want you to stop around, you know, six important checkpoints, you know, at every stop, tell us like three things, what leaks, who could see it and why should I care?
When you look at like massive surveillance systems, they don't know, they never knew the contents of your emails or your phone calls.
They knew that they were happening and when they happened, who they happened with.
So there's metadata was all this incredibly valuable information that you're given.
First, you have the first step, which is like figuring out who you're going to talk to and how to get a hold of them and then establishing a channel of communication with them.
So you have this like initial connection establishment and diligence of who you're going to be doing this transaction with.
And right now we do that through things like Telegram or Signal or Discord or in real life or through like mediated through some firm.
Uh, and that is all reliant on various infrastructure that is actively watching and keeping track of who you're talking to when you're doing it.
In some cases, they see the contents of that conversation as you figure out, as you expressed him, Hey man, I'm gonna give you $10,000 today.
And they're just tracking all of this and correlating it and keeping track of it.
Many things have happened in terms of what sites you're using, when you use them.
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