Topic: Cash is best for anonymity? - page 3. (Read 525 times)
The anonymity of cash is certainly higher than the anonymity of any cryptocurrency. But bankers come up with tales about the anonymity of bitcoin. Never criminals do not use bitcoin to Finance terrorist attacks. You imagine how the killer asks to transfer him to a verified account on the cryptocurrency exchange for the execution of the murder. Lol.
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.
True, transferring huge amounts of cash abroad will require a huge effort and a huge risk as well something that no one that earns his money legally will take, however we cannot deny that if you want absolute anonymity cash is still the best, all the transactions are forever recorded on the blockchain, so if at some point in the future an address is linked to your identity governments will have a very good idea of what were you doing with your money back then and since the blockchain is public everyone else will know too.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.
But do we actually need these privacy layers in Bitcoin? Correct me if I'm wrong on the matter, but isn't this what blockchainless coins aim at specifically, that is being truly anonymous? I mean coins like Byteball? I'm inclined to think that a separate coin developed with that purpose in mind would do the task a lot better than some general purpose cryptocurrency like Bitcoin with an anonymity crutch attached to it. My point is that if you want real anonymity, you should get rid of blockchain completely. Or use cash instead.
When you pay cash you always have to do that face to face. And when somebody has seen you, you are identifiable. When you use crypto currencies you have to give your business partner at least a wallet, and that might be tracable back to you as well. I think it is a question of personal taste under which circumstances you feel more anonymous.
A blockchain backed up by gold, I think I have read that in Venezuela they have plans to launch something like that pretty soon. Within a month or so, because their oil backed up blockchain had a good start.
And the 85% cash transactions, that differes in every country. In Sweden there are only 5% of all transactions still cash. Some banks there do not even give out cash anymore because nobody wants it there.
A blockchain backed up by gold, I think I have read that in Venezuela they have plans to launch something like that pretty soon. Within a month or so, because their oil backed up blockchain had a good start.
And the 85% cash transactions, that differes in every country. In Sweden there are only 5% of all transactions still cash. Some banks there do not even give out cash anymore because nobody wants it there.
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.
True, transferring huge amounts of cash abroad will require a huge effort and a huge risk as well something that no one that earns his money legally will take, however we cannot deny that if you want absolute anonymity cash is still the best, all the transactions are forever recorded on the blockchain, so if at some point in the future an address is linked to your identity governments will have a very good idea of what were you doing with your money back then and since the blockchain is public everyone else will know too.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.
There is no need to add the privacy layers to the bitcoin's network as it is already exists in other blockchains such as Monero and ZCash, if someone cars about being anonymous he needs to use other cryptos other the bitcoin.
Bitcoin has never claimed to be totally anonymous, and I think that it is a good point, it would be impossible to regulate coins like Monero, but regulating bitcoin would be much easier as the transactions could be viewed publicly at one of the blockchain explorers.
In todays world most employers are paying wages by bank transfer.
I personally havent been paid a weekly wage in cash in about 20 years.
Cash is for sure untracable, when I withdraw it from the ATM I can do
what I like.
Unfortunately Ebay, Amazon, Bandcamp etc. dont accept cash.
Online shopping is become more popular and this renders cash useless.
I personally havent been paid a weekly wage in cash in about 20 years.
Cash is for sure untracable, when I withdraw it from the ATM I can do
what I like.
Unfortunately Ebay, Amazon, Bandcamp etc. dont accept cash.
Online shopping is become more popular and this renders cash useless.
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 )?
Well anonymity promotes privacy and other substantial thing but the main truth is that it also supports scam things. People nowadays propose a highly attracting projects which make workers here determined just to be included here, anonymity may be a way for them to comfortably take chances to fool people, I think it will be better if you have access of their real names so they will be frightened to fool us.
Cash is great for anonymity within reason, it's still fairly traceable. All notes have some ID so can be traced back to a bank or store if they are stolen or something like that. If they are clean money then they are very anonymous.
The limitation with cash is not in anonymity it's in ease, it's large and bulky and you have to meet someone face to face, it is also very difficult to transact with someone across seas for this reason.
Furthermore cash is limited in the fact that it is largely insecure, you are at risk when carrying around large amounts of cash.
The limitation with cash is not in anonymity it's in ease, it's large and bulky and you have to meet someone face to face, it is also very difficult to transact with someone across seas for this reason.
Furthermore cash is limited in the fact that it is largely insecure, you are at risk when carrying around large amounts of cash.
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.
True, transferring huge amounts of cash abroad will require a huge effort and a huge risk as well something that no one that earns his money legally will take, however we cannot deny that if you want absolute anonymity cash is still the best, all the transactions are forever recorded on the blockchain, so if at some point in the future an address is linked to your identity governments will have a very good idea of what were you doing with your money back then and since the blockchain is public everyone else will know too.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.
because with the existence of a system blockchain what you do with your money when it public will know and others will also know. because blockchain is permanent.
There's already coins like Verge that offer complete anonimity by choice. Which solves the problem of transferring abroad (the problem that cash money has). To me, coins like those are the future for anonymous trading.
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.
True, transferring huge amounts of cash abroad will require a huge effort and a huge risk as well something that no one that earns his money legally will take, however we cannot deny that if you want absolute anonymity cash is still the best, all the transactions are forever recorded on the blockchain, so if at some point in the future an address is linked to your identity governments will have a very good idea of what were you doing with your money back then and since the blockchain is public everyone else will know too.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.
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.
True, transferring huge amounts of cash abroad will require a huge effort and a huge risk as well something that no one that earns his money legally will take, however we cannot deny that if you want absolute anonymity cash is still the best, all the transactions are forever recorded on the blockchain, so if at some point in the future an address is linked to your identity governments will have a very good idea of what were you doing with your money back then and since the blockchain is public everyone else will know too. 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.
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.
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 )?
Also 85% of transactions are currently in cash.
What do you think about cash on blockchain, backed by gold ( https://goldencurrency.world )?
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