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What I am concerned about is my privacy. Bitcoin is not so anonymous: whoever you pay will know your bitcoin address. And even if you create pseudonyms, money c
by ycmbntrthrwaway 11y ago
What I am concerned about is my privacy. Bitcoin is not so anonymous: whoever you pay will know your bitcoin address. And even if you create pseudonyms, money can be traced unless you use some mixes and "money laundry" services.
As for buying photographs it may be ok, but I would not pay for news articles (such as LWN, for example) with non-anonymous account.
- wyldfire 11y agoInterestingly enough, satoshi's paper never mentions the term "anonymous" though it does describe separating one's identity from the transaction. Some other cryptocoins (Monero, et al) use ring signatures to truly disguise the path that the money takes through the system.
- ycmbntrthrwaway 11y agoRecently HN discussed Chaum's ideas [1] and DigiCash [2]. His ecash [3] system was going to be something like an anonymous Google Wallet. Bitcoin wins in being decentralized, it does not need a bank or Google to issue electronic cash and guarantee that you can eventually get real money in return. But it is not anonymous. [1] https://news.ycombinator.com/item?id=10850192 https://news.ycombinator.com/item?id=10850192 [2] https://cryptome.org/jya/digicrash.htm https://cryptome.org/jya/digicrash.htm [3] https://en.wikipedia.org/wiki/Ecash https://en.wikipedia.org/wiki/Ecash
- wyldfire 11y agoI don't know why you brought that up, because it's not exactly what I was talking about. But it's interesting.
- pilgrim689 11y agoI think decentralized mixing is on the horizon and may become baked into bitcoin wallets down the line. I'm speculating based on the emergence of protocols like FairExchange and Xim http://forensics.umass.edu/pubs/bissias.wpes.2014.pdf http://forensics.umass.edu/pubs/bissias.wpes.2014.pdf