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Different strokes for different folks, but I'll never understand why someone would want to buy bitcoins with their personal info attached to the coins. It seems

by ferdo 13y ago

Different strokes for different folks, but I'll never understand why someone would want to buy bitcoins with their personal info attached to the coins. It seems to defeat the purpose of a pseudonymous, decentralized currency.

baddox 13y ago
It only defeats some of the purposes of the currency.
pdeuchler 13y ago
What, did you expect bitcoin to suddenly create an anonymous economy out of thin air? Unless you can create value, and then charge bitcoin anonymously for that value you have to convert previous holdings into bitcoin. You can do so anonymously via cash P2P. But if you would like to convert funds from the current system, you have to 1) use the current system 2) play by their rules. This really doesn't even hurt the anonymity of bitcoin anyway, simply buy your bitcoins, run them through a tumbler, and voila, out comes anonymity.
- ferdo 13y ago
  I've never used Bitinstant, Coinbase or any of the other services that would attach my info to btc. I've worked to establish trading trust with other Bitcoin users and have traded physical metals and electronic gear for btc. It takes a little more effort but all good things do.
deleted 13y ago
[deleted]
eeky 13y ago
The purpose of bitcoin is that the user controls it. It's about trust. Do you trust a bank with your money? Cypriots sure found out the hard way when their bank accounts were suddenly frozen. Do you trust a government with your currency? Argentinians sure don't as they're experiencing 10-20% inflation rates. Bitcoin allows you to store your wealth without being fleeced by currency controls of parasitic central banks. It's refreshing and quite profitable.
- Nursie 13y ago
  The purpose of bitcoin is hoarding and speculation.
  - eeky 13y ago
    Correct, bitcoin lets YOU hoard and speculate - which is a healthy mechanism in a free market. In our current fiat debt based system, it's mostly corrupt inside traders who get that privilege.
    - Nursie 13y ago
      >> Correct, bitcoin lets YOU hoard and speculate - which is a healthy mechanism in a free market. Not exactly healthy for something that's supposed to be either a currency or a payment method though.
  - ferdo 13y ago
    They're your bitcoins. You can do whatever you want with them, unlike fiat.

by ferdo 13y ago

baddox 13y ago

It only defeats some of the purposes of the currency.

pdeuchler 13y ago

What, did you expect bitcoin to suddenly create an anonymous economy out of thin air? Unless you can create value, and then charge bitcoin anonymously for that value you have to convert previous holdings into bitcoin. You can do so anonymously via cash P2P. But if you would like to convert funds from the current system, you have to 1) use the current system 2) play by their rules. This really doesn't even hurt the anonymity of bitcoin anyway, simply buy your bitcoins, run them through a tumbler, and voila, out comes anonymity.

ferdo 13y ago
I've never used Bitinstant, Coinbase or any of the other services that would attach my info to btc. I've worked to establish trading trust with other Bitcoin users and have traded physical metals and electronic gear for btc. It takes a little more effort but all good things do.

deleted 13y ago

[deleted]

eeky 13y ago

The purpose of bitcoin is that the user controls it. It's about trust. Do you trust a bank with your money? Cypriots sure found out the hard way when their bank accounts were suddenly frozen. Do you trust a government with your currency? Argentinians sure don't as they're experiencing 10-20% inflation rates. Bitcoin allows you to store your wealth without being fleeced by currency controls of parasitic central banks. It's refreshing and quite profitable.

Nursie 13y ago
The purpose of bitcoin is hoarding and speculation.
- eeky 13y ago
  Correct, bitcoin lets YOU hoard and speculate - which is a healthy mechanism in a free market. In our current fiat debt based system, it's mostly corrupt inside traders who get that privilege.
  - Nursie 13y ago
    >> Correct, bitcoin lets YOU hoard and speculate - which is a healthy mechanism in a free market. Not exactly healthy for something that's supposed to be either a currency or a payment method though.
- ferdo 13y ago
  They're your bitcoins. You can do whatever you want with them, unlike fiat.