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This is why Bitcoin is such an exciting concept: digital cash which can function without any central authority.
by Synaesthesia 10y ago
This is why Bitcoin is such an exciting concept: digital cash which can function without any central authority.
- golergka 10y agoUnless a couple of huge mining companies can actually control the network consensus.
- ratacat 10y agoBitcoin can be used anonymously with a little understanding. The ledger is immutable and permanent, however a party is only identified by their public key, and the chain of transactions that carried money to that key. If you can't associate that key with an actual person, we consider that pseudo-anonymity.
- emodendroket 10y agoI don't really get the "anonymity" claims of Bitcoin when there is a central, permanent ledger of every transaction ever made in it.
- Synaesthesia 10y agoIt's not anonymous. It's pseudonymous, there is a ledger of transactions but you have to still link an address with a person's ID.