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In what way is a transparent blockchain where every transaction is recorded and fully public analogous to unmarked bills?
by jebeng 9y ago
In what way is a transparent blockchain where every transaction is recorded and fully public analogous to unmarked bills?
- JulianMorrison 9y agoWay to pick out a non-central point. But the answer is that cash and bitcoins are intrinsically self-authenticating but not owner-identified and do not rely upon a credit card / bank-account facility which can be shut down by authorities if it is being misused.
- mrhappyunhappy 9y agoHere's a thought: if you bought Bitcoin with Fiat it is 100% identifiable to you. Please learn about blockchains before you talk.
- leereeves 9y agoYour real identity isn't in the blockchain. You can only be identified if the identity of whoever you bought from is known, they know your identity, and they can be induced to share it, or if the transaction can be identified and you can be tracked from the transaction.