Buying with cash is more anonymous than purchasing with BTC?

unholycactus

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Quote from: Habeler876 on September 01, 2015, 05:52:35 PM

Quote from: countryfree on September 01, 2015, 05:41:57 PM

Of course. I'm always surprised when I read that some people want to use BTC to buy a soda. I always use cash for all my shopping. Also I don't want to pollute the blockchain with small transactions.

Well that's the whole point of btc idea - to replace fiat with it, regardless of the amount. If bitcoin becomes something that is used only on bigger transactions, then it has lost it's purpuse imho.
btw you're not polluting blockchain with small transactions, every transaction is welcome, as long as it isn't used to intentionally spam it with 0 fee transactions.

I don't think the reason for Bitcoin is to replace fiat. I think it's more about having freedom in the currency world.
But you're right, if not all the transactions are welcomed, it impairs that freedom.

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Quote from: Wapinter on September 01, 2015, 06:02:15 PM

Quote from: unholycactus on September 01, 2015, 05:36:10 PM

I absolutely have no way to trace where the 20$ in my wallet came from.
However, I can trace a satoshi all the way back to its generation.

1. There is a serial number on it, so i guess it's possible
2. You can trace that satoshi, but you can't prove ownership at each address in that timeframe, meaning that you cant prove anything really.

How can you tell from serial number who gave you that $ Huh

Serial numbers served the different purpose you cant trace the owner from it
[/quote]

Exactly. With bitcoins, you can tell which address (or wallet) the satoshi was in throughout its life, but with a serial number... I believe you can only find out when it was created.

Wapinter

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Quote from: unholycactus on September 01, 2015, 05:36:10 PM

I absolutely have no way to trace where the 20$ in my wallet came from.
However, I can trace a satoshi all the way back to its generation.

1. There is a serial number on it, so i guess it's possible
2. You can trace that satoshi, but you can't prove ownership at each address in that timeframe, meaning that you cant prove anything really.
[/quote]
How can you tell from serial number who gave you that $ Huh

Serial numbers served the different purpose you cant trace the owner from it

Trance

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Quote from: countryfree on September 01, 2015, 05:41:57 PM

Of course. I'm always surprised when I read that some people want to use BTC to buy a soda. I always use cash for all my shopping. Also I don't want to pollute the blockchain with small transactions.

Your small transactions actually contribute in a positive way believe it or not!

Habeler876

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Quote from: countryfree on September 01, 2015, 05:41:57 PM

Of course. I'm always surprised when I read that some people want to use BTC to buy a soda. I always use cash for all my shopping. Also I don't want to pollute the blockchain with small transactions.

Well that's the whole point of btc idea - to replace fiat with it, regardless of the amount. If bitcoin becomes something that is used only on bigger transactions, then it has lost it's purpuse imho.
btw you're not polluting blockchain with small transactions, every transaction is welcome, as long as it isn't used to intentionally spam it with 0 fee transactions.

RGBKey

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Quote from: countryfree on September 01, 2015, 05:41:57 PM

Of course. I'm always surprised when I read that some people want to use BTC to buy a soda. I always use cash for all my shopping. Also I don't want to pollute the blockchain with small transactions.

I can see the allure for using bitcoin to buy a soda, and hopefully if we raise the block size limit you won't have to worry about polluting the blockchain.

Trance

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Quote from: LFC_Bitcoin on September 01, 2015, 12:51:49 PM

Quote from: Trance on September 01, 2015, 12:40:09 PM

What do you think, now that everyone thinks / knows the NSA can see who has significant amount of Bitcoins and so forth...

And with cash receipts you can send them to your parents trust lawyer and they match the amount ( for all those being spoon fed )

It depends what you're buying & how you initially contacted the seller to arrange a face to face meet.
For example your phone & email records are more likely to be traced than a couple of bitcoin transactions if you're using a VPN.

Can't trace a trac phone nor can you trace various emails if you know what you're dong Wink

countryfree

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Of course. I'm always surprised when I read that some people want to use BTC to buy a soda. I always use cash for all my shopping. Also I don't want to pollute the blockchain with small transactions.

RGBKey

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If you're careful with how you buy and spend your bitcoins, nobody should ever know how much you have.

goosoodude

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Quote from: ashour on September 01, 2015, 05:28:26 PM

Quote from: Coinshot on September 01, 2015, 05:17:43 PM

Quote from: ashour on September 01, 2015, 05:08:38 PM

Quote from: maokoto on September 01, 2015, 04:51:08 PM

Cash is more anonymous. Computers always leave traces.

I agree, computers will too much trace now days. The best anonymous payment method will always be cash .

I don't see the logic behind that "Cash is more anonymous" , when you have to physically make an exchange when dealing with cash.
And the traces bitcoin leaves can be made in such a way that it's extremely hard to trace, if not impossible.

It's more easily to obtain cash anonymously than bitcoin. If you try to buy bitcoin now days you need a bank account, passport cop, ID copy, mobile phone verification etc.

This is like saying you need to go to bank and set up an account to buy fiat, which makes no sence as there are always options to purchase anonymously (more or less)
btw there are exchanges that don't require identification still, the first one that comes to my mind is btc-e.

Quote from: unholycactus on September 01, 2015, 05:36:10 PM

I absolutely have no way to trace where the 20$ in my wallet came from.
However, I can trace a satoshi all the way back to its generation.

1. There is a serial number on it, so i guess it's possible
2. You can trace that satoshi, but you can't prove ownership at each address in that timeframe, meaning that you cant prove anything really.

unholycactus

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Quote from: Coinshot on September 01, 2015, 05:17:43 PM

Quote from: ashour on September 01, 2015, 05:08:38 PM

Quote from: maokoto on September 01, 2015, 04:51:08 PM

Cash is more anonymous. Computers always leave traces.

I agree, computers will too much trace now days. The best anonymous payment method will always be cash .

I don't see the logic behind that "Cash is more anonymous" , when you have to physically make an exchange when dealing with cash.
And the traces bitcoin leaves can be made in such a way that it's extremely hard to trace, if not impossible.

I suppose you're not familiar with being paid under the table or having tons of dirty money hidden in your yard while paying literally everything off with cash.

I absolutely have no way to trace where the 20$ in my wallet came from. However, I can trace a satoshi all the way back to its generation.

What I understand from your post is that you're physically handling transactions, but there's no certainty when it comes to identifying a person from memory.
The blockchain is cannot be doubted.

Wapinter

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Quote from: ashour on September 01, 2015, 05:28:26 PM

Quote from: Coinshot on September 01, 2015, 05:17:43 PM

Quote from: ashour on September 01, 2015, 05:08:38 PM

Quote from: maokoto on September 01, 2015, 04:51:08 PM

Cash is more anonymous. Computers always leave traces.

I agree, computers will too much trace now days. The best anonymous payment method will always be cash .

I don't see the logic behind that "Cash is more anonymous" , when you have to physically make an exchange when dealing with cash.
And the traces bitcoin leaves can be made in such a way that it's extremely hard to trace, if not impossible.

It's more easily to obtain cash anonymously than bitcoin. If you try to buy bitcoin now days you need a bank account, passport cop, ID copy, mobile phone verification etc.

You can buy or earn bitcoin here without disclosing your identity.Nobody ask you for these documents here

ashour

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Quote from: Coinshot on September 01, 2015, 05:17:43 PM

Quote from: ashour on September 01, 2015, 05:08:38 PM

Quote from: maokoto on September 01, 2015, 04:51:08 PM

Cash is more anonymous. Computers always leave traces.

I agree, computers will too much trace now days. The best anonymous payment method will always be cash .

I don't see the logic behind that "Cash is more anonymous" , when you have to physically make an exchange when dealing with cash.
And the traces bitcoin leaves can be made in such a way that it's extremely hard to trace, if not impossible.

It's more easily to obtain cash anonymously than bitcoin. If you try to buy bitcoin now days you need a bank account, passport cop, ID copy, mobile phone verification etc.

Coinshot

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Quote from: ashour on September 01, 2015, 05:08:38 PM

Quote from: maokoto on September 01, 2015, 04:51:08 PM

Cash is more anonymous. Computers always leave traces.

I agree, computers will too much trace now days. The best anonymous payment method will always be cash .

I don't see the logic behind that "Cash is more anonymous" , when you have to physically make an exchange when dealing with cash.
And the traces bitcoin leaves can be made in such a way that it's extremely hard to trace, if not impossible.

ashour

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Quote from: maokoto on September 01, 2015, 04:51:08 PM

Cash is more anonymous. Computers always leave traces.

I agree, computers will too much trace now days. The best anonymous payment method will always be cash .

tvbcof

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Absolutely it is.

I suspect that when 'the authorities' looked at the whole Bitcoin picture they said to themselves, 'hey, this isn't half bad.' The trouble they have is that things could go South in a hurry if a zillion whack-a-mole proxies for Bitcoin emerge (read, sidechains) because suddenly the thing becomes a whole different ball-of-wax from an analysis perspective. My guess is that some people are shitting a brick about this as we speak, and I bet it is the driving force behind the seemingly 'hail Mary' XT/BIP101 effort.

Wapinter

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Quote from: Trance on September 01, 2015, 12:40:09 PM

What do you think, now that everyone thinks / knows the NSA can see who has significant amount of Bitcoins and so forth...

And with cash receipts you can send them to your parents trust lawyer and they match the amount ( for all those being spoon fed )

The question is why would someone want to keep it anonymous unless he is doing some illegal transaction?

maokoto

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Cash is more anonymous. Computers always leave traces.

jertsy

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Quote from: Mickeyb on September 01, 2015, 04:13:50 PM

It just depends in which way you pay and what precautions you take. If you are vigilant enough, you can pay with bitcoins online and nobody would ever know who you are, or to put it better, they would know you by your address which is just a string of letters and numbers.

In the same way, paying with cash can be even more anonymous than paying with bitcoins, of course in today's day and age when they ask you why are you withdrawing more than 500€ from any bank in France for example, this endeavor of paying anonymously can be even much harder than paying with bitcoins online.

It just depends!

If you pay with cash you are likely to leave your fingerprints over it unless you wear gloves. Whoever you give it to is likely to spend it fast, so most of the time you don't have to worry. However, if someone like Satoshi tried to register another website by paying with cash the registration service might get a visit from the CIA to demand they hand the notes over for forensic analysis. He'd be more anonymous paying with mixed Bitcoins now he's famous.

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It just depends in which way you pay and what precautions you take. If you are vigilant enough, you can pay with bitcoins online and nobody would ever know who you are, or to put it better, they would know you by your address which is just a string of letters and numbers.

In the same way, paying with cash can be even more anonymous than paying with bitcoins, of course in today's day and age when they ask you why are you withdrawing more than 500€ from any bank in France for example, this endeavor of paying anonymously can be even much harder than paying with bitcoins online.

It just depends!

Topic: Buying with cash is more anonymous than purchasing with BTC? (Read 1071 times)