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* Bitcoin is and has been available in countries where there are currency problems and it has yet to solve any of them. This canard has been trotted out for ov

by luma 5y ago

* Bitcoin is and has been available in countries where there are currency problems and it has yet to solve any of them. This canard has been trotted out for over a decade, there have been plenty of chances to demonstrate this notion, and none of them have panned out. When do we stop flogging this obviously-false excuse? * Transaction fees and exchange rates into and out of the crypto economy make transferring money in bitcoin incredibly expensive. Also, slow. * What part of bitcoin is anonymous exactly?

tarboreus 5y ago
The part where you identity is linked to the wallet can be anonymous. The transactions are public, but if your identity is unlinked, that only matters so much.
- fsflover 5y ago
  This is called "pseudonymous", not "anonymous".
  - tarboreus 5y ago
    I mean, an digital account will always have an identifier. If having a number associated with the wallet makes it only pseudonymous rather than anonymous, then fine, though it seems like a trivial distinction. The upshot is that it can be private, though you need to do things in a certain way.
DarkWiiPlayer 5y ago
* Who ever claimed bitcoin would fix the problems with a currency? The point is that it gives people an alternative to those broken currencies. * Yes, but same goes for many other services. Transferring value is always a costly process unless you're using cash. * Pretty much all of it. Are we even talking about the same thing when we say "Bitcoin"? Because it sure seems like you're thinking of something completely different.
- luma 5y ago
  * The person I was responding to claim it could be an alternative. OK, Bitcoin has been around a while and several countries have had currency problems. Notably, Bitcoin didn't save the day. Why? It has literally never happened, but people keep claiming it will. * Claim was made that Bitcoin made this "cheaper and simpler". That isn't true. * Which part of the public ledger exactly is anonymous? You say "pretty much all of it", I see "public" and say pretty much none of it. The difference between us is that I haven't hinged my hopes of personal financial success on a Ponzi scheme, so we're probably not going to see eye to eye.
  - LatteLazy 5y ago
    To be clear, I didn't say it would solve the country/currency's problems. I said it would let individuals work around them. Also, the only details on the public ledgers (for bitcoin) are the balance, wallet IDs and transactions. If I buy or sell bitcoin you can't tell it was "me" you can only tell that wallet #12345 transferred to wallet #67890. You still have to be careful your Id isn't linked to your wallet in some other way. But until that happens you're as anonymous as it's possible to be really.

by luma 5y ago

tarboreus 5y ago

The part where you identity is linked to the wallet can be anonymous. The transactions are public, but if your identity is unlinked, that only matters so much.

fsflover 5y ago
This is called "pseudonymous", not "anonymous".
- tarboreus 5y ago
  I mean, an digital account will always have an identifier. If having a number associated with the wallet makes it only pseudonymous rather than anonymous, then fine, though it seems like a trivial distinction. The upshot is that it can be private, though you need to do things in a certain way.

DarkWiiPlayer 5y ago

* Who ever claimed bitcoin would fix the problems with a currency? The point is that it gives people an alternative to those broken currencies. * Yes, but same goes for many other services. Transferring value is always a costly process unless you're using cash. * Pretty much all of it. Are we even talking about the same thing when we say "Bitcoin"? Because it sure seems like you're thinking of something completely different.

luma 5y ago
* The person I was responding to claim it could be an alternative. OK, Bitcoin has been around a while and several countries have had currency problems. Notably, Bitcoin didn't save the day. Why? It has literally never happened, but people keep claiming it will. * Claim was made that Bitcoin made this "cheaper and simpler". That isn't true. * Which part of the public ledger exactly is anonymous? You say "pretty much all of it", I see "public" and say pretty much none of it. The difference between us is that I haven't hinged my hopes of personal financial success on a Ponzi scheme, so we're probably not going to see eye to eye.
- LatteLazy 5y ago
  To be clear, I didn't say it would solve the country/currency's problems. I said it would let individuals work around them. Also, the only details on the public ledgers (for bitcoin) are the balance, wallet IDs and transactions. If I buy or sell bitcoin you can't tell it was "me" you can only tell that wallet #12345 transferred to wallet #67890. You still have to be careful your Id isn't linked to your wallet in some other way. But until that happens you're as anonymous as it's possible to be really.