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Of course you also have about zero privacy with bitcoin (by design), but who cares about that, right?
by annnnd 13y ago
Of course you also have about zero privacy with bitcoin (by design), but who cares about that, right?
- fnordfnordfnord 13y agoJust like everything else.
- annnnd 13y agoNot really - can USA spy on credit cards issued by Chinese banks? And vice-versa? There is at least some level of privacy. But with BTC every time you make a purchase you can be linked to all your previous and future purchases.
- MacsHeadroom 13y agoIf it's a Visa or MasterCard, yes the US Gov can spy on it. If it isn't, you can't use it to pay Mailpile- so it's irreverent.
- M4v3R 13y agoThat's only true if one has access to data at every point in the block chain. If at some point coins go to a private person or company that didn't advertise their address anywhere you're lost. There's no way to know who own a Bitcoin address if it's not part of any online service/exchange and was funded by someone else.
- fnordfnordfnord 13y agoThe US surely can spy on Chinese CC transactions that occur in, or where the tx data passes through a friendly locale. There is a decent chance for them to be able to get CC tx data from within China as well.
- pantaril 13y ago>But with BTC every time you make a purchase you can be linked to all your previous and future purchases. This is simply not true. If i make my first purchuase using address A and my second purchuase using address B, how can they be linked together?
- M4v3R 13y agoBitcoin is a protocol that gives you as much privacy as you want. You can use one-time addresses both for sending and receiving, which gives you more privacy than using Paypal or credit cards directly.