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Bitcoin 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
by amalcon 11y ago
Bitcoin 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