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I've also had good experiences using Bitcoin for online transactions. Fast, cross-border, nearly free. But I assume the transactions are getting analyzed by a
by panarky 13y ago
I've also had good experiences using Bitcoin for online transactions. Fast, cross-border, nearly free. But I assume the transactions are getting analyzed by any number of government and corporate entities.
There's a lot to be learned from the public blockchain, especially if any transaction in the chain can be linked to your identity (such as sending/receiving with exchanges or online wallets).
I assume that authorities have access to your identity at exchanges and online wallets, can link your identity to addresses used for deposits and withdrawals, to IP addresses you use, and from there to historical and future transactions.
- wcummings 13y agoPseudo-anonymity is still loads better than a CC transaction from my point of view, but your point is taken. Of course, you can always buy Bitcoin with cash (:
- tjoff 13y agoMany purchases requires that you reveal your whereabouts or otherwise identify yourself (physcial address, mail, phone number, google/service-account). And bam, you and all your transactions with the bitcoins you bought with cash are once again public.
- wcummings 13y agoI think most people are familiar with what pseudo-anonymous means, no need to keep restating it in different ways.
- tjoff 13y agoI'd argue that, in a shopping context, using your credit card and real name is more anonymous than using bitcoin. And I'd never even consider calling either pseudo-anonymous.