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Dollars printing is controlled by the government. You can regulate the total amount of cash in circulation. Additionally, each tender can be traced thanks to i
by shin_lao 15y ago
Dollars printing is controlled by the government. You can regulate the total amount of cash in circulation.
Additionally, each tender can be traced thanks to its number, making it possible (but difficult) for the forces to track where tender comes from.
- gibybo 15y agoIt may be worth noting that Bitcoins are also uniquely identified and can be traced back through all transactions.
- hcho 15y agoBut who the hell is KrayzBoy32@gmail.com doing this transaction? Let's ask google...Oh, he was behind 7 proxies, so we don't really know. There's no way of identifying the person reliably, if s/he doesn't disclose a name.
- sgift 15y ago> he was behind 7 proxies Using proxies seems like the digital equivalent of using middlemen for cash transactions. If I use enough middlemen it will be really, really hard to identify me reliably. Any differences I've missed?
- hcho 15y agoJust that it doesn't cost anything to use proxies whereas middlemen generally take a cut from the transaction in real world.
- Egregore 15y agoActually as far as I know this is solved by using "exchanges" outside jurisdiction of feared country, where you can send some bitcoins and receive other.
- jarin 15y agoIt doesn't seem like that's 100% the case, as you can generate a new bitcoin address for every transaction. Unless there's some way to associate addresses as coming from a single wallet, which I do not think is the case.
- CaptainZapp 15y agoThis may be nitpicking, but the amount of cash printed by a government has very little to do with the actual money supply of a curreny. I refer you to this Wikipedia article for details (http://en.wikipedia.org/wiki/Money_supply http://en.wikipedia.org/wiki/Money_supply). Specifically the table indicating the types of money.
- deleted 15y ago[deleted]