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But with Bitcoin you don't have to use any exchange. You can get paid directly in Bitcoin for goods and services. With fiat, there is no way to do digital tran
by jstanley 8y ago
But with Bitcoin you don't have to use any exchange. You can get paid directly in Bitcoin for goods and services.
With fiat, there is no way to do digital transactions without attaching your name and address.
- cyphar 8y ago> You can get paid directly in Bitcoin for goods and services. While I do understand why this is valuable, no government accepts taxes to be paid in Bitcoin (nor do banks give out loans in Bitcoin). As a result, everyone will need to convert some of their Bitcoin to fiat eventually, allowing for de-anonymisation. Not to mention that basically nobody gets paid in Bitcoin (personally there's no way I would accept my wage be paid in a currency that is that volatile). > With fiat, there is no way to do digital transactions without attaching your name and address. Taler is a system that can work on any medium of exchange (fiat, cryptocurrency, sheep, whatever) and doesn't attach your name and address to all transactions.