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> I don’t want my transactions public. First, not all cryptos share Bitcoin's open ledger characteristics. Look up Monero, ZCash, Grin, Beam : they all implem
by ur-whale 5y ago
> I don’t want my transactions public.
First, not all cryptos share Bitcoin's open ledger characteristics.
Look up Monero, ZCash, Grin, Beam : they all implement untraceable transactions, not just pseudo-anonymous ones like Bitcoin.
Second, pseudonymous transactions is far from being the only interesting property of Bitcoin. Among others, no centralized control is a key aspect.
- ninepoints 5y agoComplete transaction anonymity is not a feature. There are no protections against wash trading, and you have no way to gauge true market demand or pricing from transaction volume data alone.
- TomSwirly 5y ago> they all implement untraceable transactions As a non-criminal, what use would I have for untraceable transactions?
- ur-whale 5y ago> As a non-criminal, what use would I have for untraceable transactions? As a non-criminal, what you would you have a need for privacy?
- lawn 5y agoImagine if you have a business and someone uses their tainted coins (from a hack or extortion or whatever) and buys something from you. You then deposit this on an exchange... And get your account locked. Or worse, imagine using your Bitcoin wallet in a store, and the business owner sees that you have $100k in the wallet you just paid with (because it's public knowledge). He then calls his friends who will follow you and try to kidnap and torture you to hand them over.