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No bitcoin was not starting a new shadow financial system. Op has the wrong idea. You don't base such a system on the most transparent money the world has ever
by biolurker1 6y ago
No bitcoin was not starting a new shadow financial system. Op has the wrong idea. You don't base such a system on the most transparent money the world has ever seen. Why do people even tech people think that bitcoin is shadow money when it's traçable and designed to be so? That's such a mystery. I think people want it to be shadow so they can blame it or just that they like conspiracies and illuminati.
- tejohnso 6y ago> Why do people even tech people think that bitcoin is shadow money when it's traçable and designed to be so? As I understand it, it is designed to be easily verifiable by any participant. How is it designed to be traceable?
- biolurker1 6y agoGo on blockchain.info and track all money exchanges. Pick one and track all its history. It's like the universe you can see as far as the big bang.
- coinward 6y agoThe reason is that there is no entanglement to the material world which allows you to remain pseudonymous if you choose so
- biolurker1 6y agoYou mean you can't buy stuff with paper dollars? Can someone track those dollars?
- heavyset_go 6y ago> No bitcoin was not starting a new shadow financial system If Bitcoin started a new shadow financial system, then so did collectible card games and Ebay.