Topic: Cash is best for anonymity? - page 2. (Read 488 times)
Cash - this is, in fact, money, that is, the universal, most liquid commodity, and not someone's promise to provide this product. I believe that cash is more anonymous than digital money. But neither one nor the other can not be called completely anonymous. In our world, one can not remain unnoticed and do something whole anonymously. There is no such tool that would allow to do such things. However, for this purpose, nothing better than cash was invented.
Cash is still being the best way if you want to make anonymous payments. Do you agree with it?
Also 85% of transactions are currently in cash.
What do you think about cash on blockchain, backed by gold ( https://goldencurrency.world )?
Also 85% of transactions are currently in cash.
What do you think about cash on blockchain, backed by gold ( https://goldencurrency.world )?
Cash is best for anonymity and in my country here is how people are abusing it:
1) Some of the government jobs where salary is very low, the officers take bribe in cash and it become more than their monthly salary. Since the bribe is taken completely in cash, there is no record of it. These people use the money for expenses like rent or travelling. Another advantage is that they do not have to pay any tax on this income as well.
2) Most of the real estate deals here happen in cash only. Builders do this to save huge amount of tax from government.
In terms of anonymity alone, cash is the best. The problem is how you facilitate your transactions. You have to limit yourself on small purchases, because if you use it to buy something too big, alarms will go off. Although it depends on your government too. Third world countries tend to have lax laws on cash purchases.
Cash is still being the best way if you want to make anonymous payments. Do you agree with it?
Also 85% of transactions are currently in cash.
What do you think about cash on blockchain, backed by gold ( https://goldencurrency.world )?
Also 85% of transactions are currently in cash.
What do you think about cash on blockchain, backed by gold ( https://goldencurrency.world )?
It will not be cash if it will go through blockchain, because blockchain will go through online to pay your transactions. so there is no cash involved in it. IF you want to pay cash it should be through blockchain but in a fiat market. There is a big difference between cash and the transactions in blockchain, maybe you need more understanding on what it means.
Cash is not completely anonymous like Bitcoin. You still have to meet the person you want to trade with in the real life. Also, it is quite dangerous to carry a bag with lots of money inside. I would rather use Monero if I had to. Due to its design, its transactions are completely anonymous which means lower risk. I don't think that a cryptocurrency backed by anything can survive. Fiat also used to be backed by gold and look what happened. Petrodollar is said to be backed by oil, who will ensure that is stays like that?
The problem with cash and anonymity is that you can't really transfer cash abroad.
You can't carry more then 10K$ in cash with you when you are travelling abroad, you can't send it in a package to another country as the customs will be on it and stop the package from being delivered, so cash's anonymity is really limited, bitcoin on the other hand offers anonymity transactions over the world, with a small cost and without the need of explaining to your local law enforcement where did the money come from.
That's the reason countries are so afraid of bitcoin, they can't regulate it or track it in order to prevent terror and other crimes.
thats the only problem of cash for anonymity when talking about abroad,not like crypto you can bring how much you want,without being tracked and hold..this same reason why governments are seeking policy and agreements regarding cryptocurrencies.but other than that still cash is the most anonymous payments of all You can't carry more then 10K$ in cash with you when you are travelling abroad, you can't send it in a package to another country as the customs will be on it and stop the package from being delivered, so cash's anonymity is really limited, bitcoin on the other hand offers anonymity transactions over the world, with a small cost and without the need of explaining to your local law enforcement where did the money come from.
That's the reason countries are so afraid of bitcoin, they can't regulate it or track it in order to prevent terror and other crimes.
Cash is still being the best way if you want to make anonymous payments. Do you agree with it?
Also 85% of transactions are currently in cash.
What do you think about cash on blockchain, backed by gold ( https://goldencurrency.world )?
It is best for the small transactions but how about the transaction in millions you can't transfer big amount via cash,if you do you will be taxed but in bitcoin there is no tax no problem you just need the sender address then you can able to send anywhere in the world.Also 85% of transactions are currently in cash.
What do you think about cash on blockchain, backed by gold ( https://goldencurrency.world )?
But let's talk about future we no need to convert our bitcoins anymore into fiat we can use it as a crypto to pay any paymnets,I hope that day is not too far away maybe the cryotocurrency will replace fiat system by 2025.
It seems (to me) that in most jurisdictions you will have to pay an income tax at the very least when you start converting "millions of bitcoins" into fiat. This is what income tax comes down to. No matter what the source of your income is (provided it is not something outright illegal), you have to pay this tax. Besides, if you suddenly start to receive millions in fiat to your bank account, that alone would raise a lot of eyebrows as to the source of all this wealth.
Yes I agree a lot of people do corruption using cash because its untraceable, but cash only work in a country that had same currency, if it's different country then it can raise suspicions if you convert huge amount of other currency to fiat, and also it is dangerous to do transaction that has a huge amount, so it's not too convenient to used
Cash is still being the best way if you want to make anonymous payments. Do you agree with it?
Also 85% of transactions are currently in cash.
What do you think about cash on blockchain, backed by gold ( https://goldencurrency.world )?
It is best for the small transactions but how about the transaction in millions you can't transfer big amount via cash,if you do you will be taxed but in bitcoin there is no tax no problem you just need the sender address then you can able to send anywhere in the world.Also 85% of transactions are currently in cash.
What do you think about cash on blockchain, backed by gold ( https://goldencurrency.world )?
But let's talk about future we no need to convert our bitcoins anymore into fiat we can use it as a crypto to pay any paymnets,I hope that day is not too far away maybe the cryotocurrency will replace fiat system by 2025.
Cash transactions must be done face to face, big data era, through facial recognition can find you quickly!
Now the network shopping is very advanced and can only be traded through digital currency. Cash can't buy things online!
Now the network shopping is very advanced and can only be traded through digital currency. Cash can't buy things online!
Cash is still being the best way if you want to make anonymous payments. Do you agree with it?
Also 85% of transactions are currently in cash.
What do you think about cash on blockchain, backed by gold ( https://goldencurrency.world )?
Cash on blockchain is essentially what ethereum is. Crypto currencies with unlimited or variable supply can be printed without-limit-out-of-thin-air the same way that cash or other fiat currencies can.Also 85% of transactions are currently in cash.
What do you think about cash on blockchain, backed by gold ( https://goldencurrency.world )?
Cash is still being the best way if you want to make anonymous payments. Do you agree with it?
Also 85% of transactions are currently in cash.
What do you think about cash on blockchain, backed by gold ( https://goldencurrency.world )?
I really disagree on what you are saying, I think bitcoin and other altcoins is the best way to make anonymous payment in a certain transaction because it is part of their platform being decentralized, even the governments are trying to divulged the identity of crypto users for tax collection and to prevent it from using in crime. Also 85% of transactions are currently in cash.
What do you think about cash on blockchain, backed by gold ( https://goldencurrency.world )?
Cash is still being the best way if you want to make anonymous payments. Do you agree with it?
Also 85% of transactions are currently in cash.
What do you think about cash on blockchain, backed by gold ( https://goldencurrency.world )?
It is best for the small transactions but how about the transaction in millions you can't transfer big amount via cash,if you do you will be taxed but in bitcoin there is no tax no problem you just need the sender address then you can able to send anywhere in the world.Also 85% of transactions are currently in cash.
What do you think about cash on blockchain, backed by gold ( https://goldencurrency.world )?
Cash is still being the best way if you want to make anonymous payments. Do you agree with it?
Also 85% of transactions are currently in cash.
What do you think about cash on blockchain, backed by gold ( https://goldencurrency.world )?
It is best for the small transactions but how about the transaction in millions you can't transfer big amount via cash,if you do you will be taxed but in bitcoin there is no tax no problem you just need the sender address then you can able to send anywhere in the world. Also 85% of transactions are currently in cash.
What do you think about cash on blockchain, backed by gold ( https://goldencurrency.world )?
Anonymous cash is good within a reasonable range, it is still traceable, and the cash limit is not anonymous.
BTC is the best anonymity. This will allow everyone to talk freely about economic value, free from the snooping of criminals and the law of unequal government.
We are very likely to be able to use BTC to decentralize and build a reputation system of trust and integrity.
BTC is the best anonymity. This will allow everyone to talk freely about economic value, free from the snooping of criminals and the law of unequal government.
We are very likely to be able to use BTC to decentralize and build a reputation system of trust and integrity.
Cash is still being the best way if you want to make anonymous payments. Do you agree with it?
Also 85% of transactions are currently in cash.
What do you think about cash on blockchain, backed by gold ( https://goldencurrency.world )?
Also 85% of transactions are currently in cash.
What do you think about cash on blockchain, backed by gold ( https://goldencurrency.world )?
Cash leaves neither an electronic nor a paper trail. That makes it the best method of laundering money, making anonymous payments & other nefarious as well as legitimate activities as there is no record of transactions. It should be mentioned that cash is both more efficient and convenient a method of conducting transactions which gives it an inherent advantage over many types of digital or electronic payment systems, this increased efficiency boosts the economy.
It is surprising to see you say these things, that cash is more efficient and convenient. How is it really more efficient? What would you do if you needed to pay someone living at the other end of the world? Or just in another town? The point about boosting the economy is plain ridiculous if you ask me. It is cashless money specifically which is instrumental in achieving this. I would consider it sarcasm if your other points weren't in fact quite legit, for example, about leaving no trail, and utility for making anonymous payments as well as laundering money. But this beats me.
Cash is still being the best way if you want to make anonymous payments. Do you agree with it?
Also 85% of transactions are currently in cash.
What do you think about cash on blockchain, backed by gold ( https://goldencurrency.world )?
Also 85% of transactions are currently in cash.
What do you think about cash on blockchain, backed by gold ( https://goldencurrency.world )?
Cash leaves neither an electronic nor a paper trail. That makes it the best method of laundering money, making anonymous payments & other nefarious as well as legitimate activities as there is no record of transactions. It should be mentioned that cash is both more efficient and convenient a method of conducting transactions which gives it an inherent advantage over many types of digital or electronic payment systems, this increased efficiency boosts the economy.
Cash on blockchain is essentially what ethereum is. Crypto currencies with unlimited or variable supply can be printed without-limit-out-of-thin-air the same way that cash or other fiat currencies can.
The concept of currencies being "gold backed" is obsolete. Nations don't hold sufficient capital in gold reserves to affect potential dangers associated with currency devaluation or in worst case scenarios: hyperinflation.
Cash is a form of money and so is bitcoin. Both have different aspects and purposes. Cash is requirement for everyone but bitcoin is to revolutionize the world into something new. And no I don't like the concept of cash being backed by gold. Flow of cash will always be through banks and there your anonymity gets destroyed. Think about it.
I think using cash is still best for anonymity. Nothing is fully anonymous even with privacy coins, because it is not completely about privacy of transactions, wallets etc.
I agree, using cash is still the best way to keep anonimity.
At first it semed that cryptocurrencies are solution but lately bitcoin and many other cryptocurrencies have lost a great deal of anonimity due to new techniques of tracing transactions and also due to legal and regulatory obligations of exchanges and other services.
I think we are all sensitive when privacy is involved but I'm afraid that bitcoin isn't solution for that.
At first it semed that cryptocurrencies are solution but lately bitcoin and many other cryptocurrencies have lost a great deal of anonimity due to new techniques of tracing transactions and also due to legal and regulatory obligations of exchanges and other services.
I think we are all sensitive when privacy is involved but I'm afraid that bitcoin isn't solution for that.
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