Topic: Bitcoin is the undisputed global public ledger, but we need a private one too. (Read 1672 times)

This is a topic that many may disagree on, but math is not an opinion.  
  
Pseudo-privacy is not privacy.  And it is not good enough.  
  
Can you imagine an internet where everyone could see everyone else's browsing history?  And if you *did* want a respite you needed to publicly login to some scrambling service, which would only invite further scrutiny?  But this is the state of bitcoin today.  
  
However don't get me wrong.  I believe that there will always be a need for a global public ledger, and I see little reason why it shouldn't be bitcoin in perpetuity (properly upgraded and guided as it goes forward).  I am still amazed that we have an absolute digital way to time stamp something such that no one can refute when a message occured, and that is thanks to bitcoin.  But when it comes to functioning as an actual currency, bitcoin is woefully inadequate:  
  
 
  

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Not only is this an unacceptable level of transparency for criminals, but it is also unacceptable for business, government, and honestly any normal individual.  
  
Those of you who know me also know what truly anonymous cryptocurrency I think will become that undisputed private ledger, but I'm not here to shill. I'm here to debate the fact that our civilization cannot run off bitcoin alone: at least one (possibly more) blockchains are necessary provided they offer something radically different that bitcoin cannot.  
  
And true privacy is one of those essential things, which is why not only will the future shock and surprise banks, it's probably going to shock and surprise bitcoiners too.

 
  
They are absolutely not private.  And they are certainly not decentralized.  
  
 
 

I don't think we can have it both ways. Transactions need to be logged and public for obvious reasons, but if people want to be anon and protect themselves fully then that is up to them.

It is public by design. There's a certain psychology behind it. When no one's watching the watchmen, then you can only rely on math. It gives untrusting parties something to agree upon. That's how it's designed. The mediator of all disputes is right there on the blockchain for all to see.

Will be new cryptocurrencys,one already exist,one is coming in 40 days,not  blockchain based,realy inovative
but world is calling for transparency,to much things related to money have been hided and frauded

Here's the alternate ledger. LOL

Bitcoin is private.



Use bitmixer regulary ...  



https://www.youtube.com/watch?v=ZloHVKk7DHk

New report says the NSA is checking who visits Tor's website
http://www.theverge.com/2014/7/3/5868159/new-report-says-the-nsa-is-checking-who-visits-tors-website  

What you said is true, and a completely private blockchain will be used for a lot of such activities, and tax evasion.

But if cryptocurrencies become widely accepted in the future, such a blockchain will 100% be developed for such purposes anyway. It's not something you can prevent.

The question is, are you going to cash in on the profit, or are you going to watch on the sidelines?

Sometimes exaggeration proves nothing.

"I like ice cream"

.... Okay, then eat 6 pounds of icecream every day for 6 months and tell me again you like it..!!!

Now, I have proven that you don't actually like icecream.....

Or not...

we should have better technology when this new tech improves the current one, not when it goes back a few years.
criminals may wish to use Bitcoin if they want it: knowing all their transactions are recorded in a public ledger and cannot be altered or tampered with in any way 

exactly as you say: politics is a giant chess game. this is precisely what we want to avoid for many, many years and so far we could not, the biggest problem being money expenditure. politicians spend fortunes (sums of money that we don't know for sure how high they go) for campaigns and promises they will never deliver. if this is the government you want and consider this "a natural tendency" then feel free to support them, and keep using fiat currencies. this definitely not the government I want.

as for laws, citizens do not pass them, governments do. do you think any government will allow such a law? they aren't honest and open because it's easier just to steal and fade away 

the natural extension to you seems to be banksters handling fiat. this introduces human error and we could speak about that for quite a long time, but you've already enumerated examples. people are two faced while handling fiat, avoid leaks of what doesn't matter to be leaked. Bitcoin is not anti privacy, it enforces privacy if you use it correctly. math might not be an opinion, that's for sure... but it is indeed a fact.