I'm not sure if we should discuss the advantages or disadvantages of anonymous transactions further. However since we might still want it in APEX (with a swap) we might want to keep going.
Just stop me if a decision has already been made.
But isn't that the problem? Companies especially large companies like Fortune 500 wants and requires accountability otherwise employees can easily steal money and you can't track it and you can't perform proper audits as required. Anon is cool for laundering but for business, it's going to get abused by employees and the business will be scrutinized by the fed. For example, look at darknet, it was cool for anon but now the fed is all over in it for the very same reason.
as I see this, you still have a local ledger showing what addresses you have paid or received from, there is still complete accountability within a company. Abuse by employees is always possible, but it already is with "creative accounting". With a company shell around the wallet, transactions can be managed more securely, with accountable employees approving outgoing transactions.
I would have to agree here. Full anonymity with electronic payments serve very little real world function.
The only reasons I can think of, as to why a person or entity would want or require FULL anonymity in a monetary exchange would be:
- Avoiding Taxes (Illegal)
- Purchasing Illegal Items such as drugs, weapons, etc. (Illegal)
- Funding regimes or making contributions to organizations who perform illegal activities. (Illegal)
Am I missing anything here? Because Bitcoin, paired to a hush mail or gmail account is honestly "anonymous" enough for 99.999% of most users. The CIA, FBI, or NSA are not going to, nor are they interested in "tracking" small BTC payments from person to person for ordinary purchases, and no one without the tools those organizations have exclusive access to are unlikely to be able to track down a BTC payment to a specific person.
If you ask me the entire "Anon" concept is just an over-hyped gimmick. Make a BTC payment to me. I doubt that ANYONE here would actually be able to track that payment to my actual identity.
Please feel free to correct me if I'm wrong.
Strato
As a buyer I agree. As a public merchant with easily retrieved IP address(es), without anon, the whole transaction history might eventually be known. As BTC grows more popular, there will be entrepreneurs that start linking merchant BTC addresses to IP addresses, and make this information available for a small fee. Knowledge is still power in a lot of cases.
I do agree the anon-functionality is over-hyped. However there might be a valid demand for it in the future.
with the use of anon for illegal purposes, I agree anon would more easily facilitate illegal transactions (BTC and cash can also be used for this, but not as easy). And I hope the "next solution" would be to minimize this as much as possible.
