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Is that so the loan shark can be even more shielded thanks to the pseudonymity? They require family information from the student. A pseudonymous coin is not goi
by supergreg 10y ago
Is that so the loan shark can be even more shielded thanks to the pseudonymity? They require family information from the student. A pseudonymous coin is not going to change anything.
- VMG 10y agoQuite the opposite: the pseudonymous coin changes everything. We already know that Bitcoin's pseudonymity is good enough to avoid persecution (dark markets, ransomware, etc) Now it can be also used by loan sharks to make these loans which are highly illegal in most western countries.
- Uptrenda 10y agoThat's exactly what I was thinking when I posted it to /r/btc. This actually does have legitimate applications and the idea of using information as collateral can also be applied to other problems (most I can think of are illegal but there you go ...)