Privacy Questions

[Cryptowhatcher]

As I understand it, ILP is considered Private communication, and the Connectors using ILP treat each Message/transaction anonymously. I don't know if this is always the case? Could some ILP trusted ledgerchains be public? As I understand it the ILP is like a series of P2P walled garden DLTs that trust each other.

My question is, if XRPL is used as a connector during a ILP communication/transaction does that become Public because it is on the XRPL?

Edited June 16, 2017 by Cryptowhatcher

[T8493]

38 minutes ago, Cryptowhatcher said:

My question is, if XRPL is used as a connector during a ILP communication/transaction does that become Public because it is on the XRPL?

2

All transaction on RCL are public. Whether you can associate this transaction with a specific person is another question and the answer depends on the actual implementation.

[natethesnake]

Can privacy & transparency go hand-in-hand on crypto...? On the one hand, we don't want Big Brother to be monitoring everything we do with our money, but on the other hand, we want to expose illicit activities for legal action. 

[Cryptowhatcher]

Well, I was watching Rao's presentation and he was discussing banks seeking communications behind firewalls on a trusted network. And how it was a priority for banks to have private communications. So I was wondering how this might impact their choice to use public ledgers.

Then during the 7 ledger demo for ILP XRP was used as a connector.

Combining this with Tiff Hayden and others saying that XRP is restricted to the RCL/XRPL. I am just a little confused as to how and when XRP will be a possible option for a ILP transaction.

So I am just wondering if there is a scenario where XRP/XRPL is the cheapest and fastest option for a ILP transaction, but will it get passed over for a slower option because the XRPL is a "public ledger".