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Bitcoin is the only way I can keep a little privacy anymore
by homero 11y ago
Bitcoin is the only way I can keep a little privacy anymore
- kowdermeister 11y agoCash still rules, it requires no electricity, you have to physically take it away from me compared to exploiting a bug in some system. Bitcoin is not bad, but it's still in the hands of a few privileged people, who control the source code. Privacy only truly happens if you leave out middle man, like Coinbase. Now, managing bitcion 100% yourself is a pain that the general public simply won't do. Yes, you can do it, but you will find yourself at the edge of a long tail. It's fun to see how the most expensive social experiment will unfold.
- jacobush 11y agoOr DASH, rather. Bitcoin is not private.
- amalcon 11y agoBitcoin is probably less private (in common use) than credit cards. Instead of having to ask the credit card companies what you're up to, anyone can just check.
- j15t 11y agoUes but not everyone can link Bitcoin addresses to individuals. Bitcoin has poor privacy in theory, but the practice of actually deanonymizing is non-trivial. Also since it is an open system, improvements are possible.
- EthanHeilman 11y agoIt depends on how exactly you use Bitcoin. If a user performs an in-person anonymous Bitcoins-for-cash swap to fund an address and never uses that address, then it is as private as that initial funding transaction. If you pay for things with Bitcoin, even with the use of tumblers, deanonymization is trivial for governments and corporations. Bitcoin is the transparent currency, not the anonymous currency.
- homero 11y agoNot true it's pseudonymous
- driverdan 11y agoCash is far more private than Bitcoin.