Is bitcoin a "private" currency? - page 5.

Gaurav11kb

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Quote from: mmo4me.2016 on August 21, 2018, 12:13:49 AM

Bitcoin is not as private as you think. You have the power to transfer your bitcoin to any wallet, but surely someone will find you through trading history!

How will someone find someone? We can only see that the wallet has some bitcoin but you can't say to whom that wallet belongs unless the person (owner of wallet) declares it publically. Besides govt can't interfere with bitcoin, so I would say that Bitcoin is private currency.

mmo4me.2016

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Bitcoin is not as private as you think. You have the power to transfer your bitcoin to any wallet, but surely someone will find you through trading history!

FurDich

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Quote from: FreeMoney on February 25, 2011, 03:08:04 AM

Quote from: db on February 25, 2011, 02:30:29 AM

Quote from: FreeMoney on February 25, 2011, 02:22:15 AM

Some people mean public to be government.

Annoying.

Agreed.

It considered as private currency because some countries dont expose bitcoin in public . They did not already agree for the legalization of bitcoin .

135cc

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Your professional profile on the blockchain

Quote from: grondilu on February 25, 2011, 01:24:27 AM

I think it is wrong to call bitcoin a "private" currency.

On the contrary, imo bitcoin is much more of a public currency that any national currency is.

I think, bitcoin might be called as a private currency, is because the fact that bitcoin can give us an absolute access in our asset without barrier from the governements or financial institutions that often called the third party. But, in the other hand, i also agree with your opinion that bitcoin is much more like a public currency.

spadaccino

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It's not private in that common sense.
If you have a wallet you can control its private keys, you own that coins indeed. But it's not private because everyone know your pubblic address and it's not that difficult to associate if you spend it somewhere to buy something. It's trackable.

That said, you need a privacy coin if you really want to stay anounymous

tanyeza123

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Quote from: grondilu on February 25, 2011, 01:24:27 AM

I think it is wrong to call bitcoin a "private" currency.

On the contrary, imo bitcoin is much more of a public currency that any national currency is.

It's accessible to anybody anyplace, so in that way it's open. Then again, whatever is given by the administration gratis is thought to be open. So a government funded training is a state-supported instruction, while a private one is the one you need to pay for. BTC isn't free, you need to pay or work for it, so it might be viewed as private, albeit at first it was offered nearly for nothing (or truly for nothing by means of giveaways and fixtures). It's really not that simple to go to an accord here.

spadormie

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It is obviously a public currency. Everybody in this world could get some of it. Except for those people that are under the government that has ban bitcoin(sorry for you guys). It's not a private currency.

privedvelosiped

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Quote from: grondilu on February 25, 2011, 01:24:27 AM

I think it is wrong to call bitcoin a "private" currency.

On the contrary, imo bitcoin is much more of a public currency that any national currency is.

I believe that bitcoin can not be exactly attributed to private or public currencies. Bitcoin does not have a single center. Yes, his greater number of bitcoins in one hand can affect his future. But the demand for the first crypto asset will only increase and, accordingly, the price will grow.

mithon2017

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No, Bitcoin is not a private currency. Bitcoin is online crypto currency. you can called it's public. because Bitcoin is more popular. it's transaction is fast and secure. then Bitcoin is good investment. it's gives lot of opportunities earn money to every user. anyone can using it. so it's not private currency.

AkangTravel

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Bitcoin is private when it stays in our wallet without any movement but when the first exchange or transfer takes place, the anonymity slowly fades away. The government is even more involved in tracking Bitcoin transactions than ever before and blockchain transfer data is available to all. Unlike Monero Bitcoin is actually not a private one But now, I think bitcoin turns into a center where there is now a rule in bitcoin users, so I think it will soon become a public currency.

tintinbongs

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Well technically bitcoin is a private currency because it is not run by governmeny nor under higher bank control by government, because a private currency is a currency issued by a private entity, be it an individual, a commercial business, a nonprofit or decentralized common enterprise.

Odlanyer

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Bitcoin is private currency because even the government can’t control it because it’s very secured and some government ban bitcoin to their country because they afraid the quickly scattered of it.And they didn’t agree to the legalization of other countries.

bayy43

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I do not know, maybe many people think bitcoin some personal money because in my country bitcoin in legalkan

tungaqhd

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Quote from: grondilu on February 25, 2011, 01:24:27 AM

I think it is wrong to call bitcoin a "private" currency.

On the contrary, imo bitcoin is much more of a public currency that any national currency is.

No, it is wrong. Bitcoin is a anonymous currency, cannot be controlled by the governments. It's now a popular currency with millions users and accepted in many countries.

OffGrid54

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I think btc is private currency cause govt. has no control over it.

ListingOnly561

newbie

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Over 21 million supply How could it be a private yet.

TropicalResource782

newbie

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You are right.Calling btc a private currency is wrong. Its now public currency.

ExceedBlue012

newbie

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I think its not private currency, With over 300 billion market capital its now a global currency.

Kertmu

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I think that at the moment Bitcoin is more of an investment object, not a currency for which you can buy a product or service.

In Bitcoin investing capital, that would make a profit, of course with the skillful formation of the portfolio. Roll Eyes

RockLand97

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Btc is now a global product. It breached its cage more time ago. Now many government agrees btc as their alternate currency.

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