Topic: Is bitcoin a "private" currency? - page 6. (Read 2436 times)
Private currency is used for an individual entity. Btc is not for an individual now its a new whole world baby.
I think that btc is no more a private currency.
Some people can't separate government and private. They should know it first.
well, for me BTC is not a private currency rather it is a public currency. anything that can be used as a point of payment by different individuals is no longer suppose to be recorded as a private something. now there is a news saying that BMW now accepts BTC as a new point of payment which means it is not just a coin that is used in the digital world but it is coming and gradually turning into fiat.
what I am saying is that BTC is no longer a private currency but a digital currency for everyone.
what I am saying is that BTC is no longer a private currency but a digital currency for everyone.
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 isn't private since anybody can utilize and can have it, bitcoin is an open money on the grounds that there is many individuals who can acquire and put resources into bitcoin in light of the fact that in bitcoin you can gain even you don't have standard occupation in light of the fact that here is distinctive even you don't utilize it in multi month you can in any case have it and in light of the fact that are advancing as a compensation framework
Though bitcoin is a digital currency, it is not public currency. For this that many country has banned bitcoin for their state. So i can fluently say that bitcoin is a private currency. 
No, Bitcoin is not a private currency. However, those who work here keep their identity private and that's why here the amount of scammers is more.And Bitcoin is not under anyone's control, independent. Anyone can be added and everything is free. So Bitcoin is considered as a public currency.
I think the word private is not appropriate here for this bitcoin currency .. and the main thing is if something is used as private than it wont be able to do any kind of transfer / transaction .. SO there is nothing called private in the currency world ..
All kind of currency are used as a medium of transaction , so this is no way to make this things private ..
All kind of currency are used as a medium of transaction , so this is no way to make this things private ..
No I do not think so it's a private currency because bitcoin is known by everyone so it not remains private.
Not so much private now since it's all over the internet. Though in a sense of privacy could be where and what it is used for and who owns them, and those informations are probably classified.
According to me, bitcoin is a private currency because Bitcoin cannot be controlled by goverments, banks and any other legal forces. This makes bitcoin complete private.
I believe it is the essence of a heritage of the people and therefore does not have any role of nationality and religion. It depends from the point of view. If we feel like electronic money, it is a hybrid but definitely not private
Bitcoin is not exactly illegal, but it is very difficult to use in a legal manner, and most utilizations will be questionable, if not actually illegal. However, I think the concern about governments shutting down currency is a red herring, at least regarding the US government, which actually subsidized the Ithaca Hours system of alternative currency, via its Vista program. Governments aren’t nearly as emotional about currency as currency geeks think, and the issues they have are much more situational than philosophical.
Trading, cashing out btc, accepting btc, paying with btc, all perfectly legal manners to use bitcoin are they not?
Bitcoin is not exactly illegal, but it is very difficult to use in a legal manner, and most utilizations will be questionable, if not actually illegal. However, I think the concern about governments shutting down currency is a red herring, at least regarding the US government, which actually subsidized the Ithaca Hours system of alternative currency, via its Vista program. Governments aren’t nearly as emotional about currency as currency geeks think, and the issues they have are much more situational than philosophical.
This depends on the private currency definition
the governments have a definition that governs things
Unlike us
the governments have a definition that governs things
Unlike us
on the contrary, I believe that bitcoin can be called a private currency because it is not controlled by the state
I agree. And not only because of this bitcoin can soon be called a private currency. Most likely, bitcoin will remain in use by private individuals. Legal entities and in general states are unlikely to actively use bitcoin because of its decentralized nature and, most importantly, its high volatility. They are likely to use centralized types of digital currencies, including their own. 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 don't know if bitcoin is private currency because its not control by state so maybe its private but you will call it not private because many people free to use it and its public specially to the country accepted bitcoin, its better to call bitcoin private for our sake.
A private currency is a currency issued by a private entity, be it an individual, a commercial business, a nonprofit or decentralized common enterprise. So I can conclude that Bitcoin is not a private currency....
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.
Definitely I agree with you. Bitcoin is much more of a public currency. In fact, that innovative blockchain that Bitcoin is built on is essentially a giant ledger that allows everyone to watch where money flows in perfect detail.
With that said, someone can’t figure out who you are by watching the blockchain alone. All that they would see are Bitcoin addresses, which look like scrambled random data. If, however, someone is able to link a Bitcoin address to your real identity, then they can begin to trace your transactions throughout the blockchain, and that’s where privacy gets dicey.
Jump to: