Topic: Traditional cash is more privacy oriented then bitcoin - page 2. (Read 2440 times)
Yes, toilet paper is very anonymous.
Traditional cash is always handy and it is called black money as well as there is no record of any transaction while there is in case of using bitcoins. However, bitcoin price always keeps fluctuating and I fear that in the near future it may not hold any value compared to traditional cash.
Well I really really doubt bitcoin is ever going to go below 1 dollar.
Traditional cash is always handy and it is called black money as well as there is no record of any transaction while there is in case of using bitcoins. However, bitcoin price always keeps fluctuating and I fear that in the near future it may not hold any value compared to traditional cash.
What Possum said, its way more private and safe to transfer a big ass amount of money with BTC. The problem is it can raise alarms that such amount of money is being transfered.
But anyway this guy's problem was some stupid OpSec error as always, not the btc protocol's fault.
In any case, Monero is the way to go for true electronic cash. Get it with its cheap you freaks.
But anyway this guy's problem was some stupid OpSec error as always, not the btc protocol's fault.
In any case, Monero is the way to go for true electronic cash. Get it with its cheap you freaks.
More private yes, more transferrable no.
However, Bitcoin is more private than cash for larger volumes. It's very difficult to make a larger private transaction with cash. If you want to buy a house, how much volume does $250,000 in cash take up? A lot! But I can send a $250,000 equivalent of bitcoin easily, with low fees, and without the huge suitcase!
Also, in the US, if you withdraw $10,000 or more from a bank you have to fill out a special form, which allows the Government to track the withdrawal. No such requirement exists with Bitcoin!
However, Bitcoin is more private than cash for larger volumes. It's very difficult to make a larger private transaction with cash. If you want to buy a house, how much volume does $250,000 in cash take up? A lot! But I can send a $250,000 equivalent of bitcoin easily, with low fees, and without the huge suitcase!
Also, in the US, if you withdraw $10,000 or more from a bank you have to fill out a special form, which allows the Government to track the withdrawal. No such requirement exists with Bitcoin!
Well, you are exaggerating but nobody disagrees that physical cash is more anonymous. It is also less useful.
Saw this today and think it sums up something I've thought for a long time that most bitcoiners didn't seem to get.
Think it's pretty relevant in light of the Ross Ulbricht. Bitcoin is NOT anonymous. And if one mistake is made in the future it can reveal all of your past.
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Traditional cash is more privacy oriented then bitcoin because a record of the transaction isn't publicly broadcast to be recorded for all eternity.
Think it's pretty relevant in light of the Ross Ulbricht. Bitcoin is NOT anonymous. And if one mistake is made in the future it can reveal all of your past.
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