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Topic: Is bitcoin a "private" currency? - page 9. (Read 2436 times)

newbie
Activity: 83
Merit: 0
June 28, 2018, 11:08:47 AM
#97
I think we cannot say bitcoin private or public in a sense that it is available to everyone but also we need to buy it in order to have one
member
Activity: 719
Merit: 10
ORBIS PLATFORM
June 28, 2018, 10:24:44 AM
#96
But I heard some people. bitcoin is probably a private currency because he is not held by the government and has no taxes. so personally called a personal currency.
newbie
Activity: 98
Merit: 0
June 28, 2018, 07:58:24 AM
#95

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.


Yes bitcoin is a common currency that accepted by so many countries world wide and aside of being a digital currency it can be used also as an investment and might become more profitable once the market price is increasing.
newbie
Activity: 252
Merit: 0
June 28, 2018, 07:49:50 AM
#94
Whoever invented bitcoin, it has nothing to do with those who own it today. In fact, this is the newest financial instrument, which is much more profitable than the American dollar. In fact, this is a private currency, the owner can raise and lower himself as he pleases, constantly receiving income (since he plays tagged cards)
newbie
Activity: 73
Merit: 0
June 28, 2018, 05:57:37 AM
#93

btc maximum community community is deepweb.
full member
Activity: 198
Merit: 100
June 26, 2018, 03:57:07 PM
#92
I think Bitcoin is not a private currency. The holders, investors in bitcoin now public. At first the knowledge about bitcoin was hide and look personal or private currency. But it is very sorrow that, now all the public start to invest in bitcoin.It's  call as a public currency.
member
Activity: 210
Merit: 40
June 26, 2018, 08:41:01 AM
#91
It's not the private currency, if your question is targeted on ownership of bitcoin. It doesn't belong to only one person or group of persons. It belongs to everyone who can use it. And it's being made with intention to have some general public role so that everyone who can afford it or earn it, can use it. At least I see it like that.
Also if you think about the privacy of the user this is also very relative question because if you are a bitcoin user you can't fully protect your privacy and use bitcoin completely anonimously.
newbie
Activity: 79
Merit: 0
June 26, 2018, 08:34:37 AM
#90
I think bitcoin is not a private currency, because the bitcoin currency of the people because now many people use bitcoin for currency, but not personal currency.
newbie
Activity: 5
Merit: 0
June 26, 2018, 08:11:38 AM
#89
Yeah you are right
newbie
Activity: 4
Merit: 0
June 26, 2018, 08:07:23 AM
#88
I am also agree with you
jr. member
Activity: 139
Merit: 6
June 26, 2018, 08:01:37 AM
#87
Bitcoin is less private than an ATM transaction. It is pseudoanonymous, but you can trace BTC with a little effort.

Privacy coins like Dash, Verge, Monero, Zcash are better options for privacy.

Or you can try using a BTC mixer, but then you have to trust the people mixing for you...
jr. member
Activity: 97
Merit: 1
June 25, 2018, 11:18:11 PM
#86
No bitcoin is not private currency, because many people using this currency. Sadly government did not support this currency
newbie
Activity: 78
Merit: 0
June 25, 2018, 11:15:23 PM
#85
For me Bitcoin is not private in the fact that its decentralized and anyone interested on it is welcome to use and join it. But no matter what let just take it as a private currency to have our privacy.
newbie
Activity: 182
Merit: 0
June 25, 2018, 11:13:27 PM
#84
No it's not at ALL. Especially if skilled people are trying to uncover who you are. Hopefully we can fix this.
full member
Activity: 294
Merit: 104
✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪
June 25, 2018, 10:59:46 PM
#83

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 is public since the public owns the nodes and miners. Although they are considered by state as private individuals.
member
Activity: 532
Merit: 17
June 25, 2018, 10:31:10 PM
#82
I think bitcoin is not a private currency. It is a decentralized currency though. I believe satoshi nakamoto want bitcoin transparent, so everyone can trace every transactions of bitcoin.
If you interested in private currency, you may want to look into private coins like XMR or XVG.
sr. member
Activity: 686
Merit: 253
June 25, 2018, 02:56:00 PM
#81

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 depends on what you call "private" but, if it's the same as we all understand in the English language then I'm tempted to ask "how can a currency be private ?". We interchangeably use money as it moves from person to person so how can it be private?
newbie
Activity: 51
Merit: 0
June 24, 2018, 01:48:11 PM
#80

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 is part of the visions Bitcoin to bring about a revolution in the world finances and money control. Bitcoin cannot achieve this vision if the digital currency is private or is utilized by a small percentage of people in the world.
Bitcoin should be as public as it can be.
hero member
Activity: 840
Merit: 520
June 24, 2018, 01:31:38 PM
#79

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 think bitcoin is private or public crypto currency, bitcoin is only decentralised crypto currency and I don’t think no one knows it, only those have money can own bitcoin, bitcoin is still decentralised crypto currency and those countries who has legalised it, owns it in their nation only but if we call it for a whole then we can call it a national currency rather than to call it a private currency because there is no such owner of bitcoin and every one can hold it by investing into it.
newbie
Activity: 700
Merit: 0
June 23, 2018, 10:50:57 PM
#78
No.Bitcoin isn't private currency. This is world wide currency. Many people used this currency. I think so bitcoin is world wide business. So I there for it's public currency.
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