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>It's obvious to me that many of the Bitcoin critics in this thread have never actually used it. I've used it, not much though - maybe $100 worth of bitcoins.

by nikolak 13y ago

>It's obvious to me that many of the Bitcoin critics in this thread have never actually used it. I've used it, not much though - maybe $100 worth of bitcoins. >Purchases aren't tracked List of transactions from your wallet is visible to anyone. >being sucked up by some SIGINT program As far as you know, but I wouldn't be surprised if your transactions are "sucked up" by some SIGINT program. Or maybe they aren't because there are websites that enable anyone to easily view transactions. >no fees (even in exchanging, if you do it right) I'd love to hear more about this. How can you buy bitcoin online without fees? Meeting with someone and buying them in person kinda defeats the purpose, you could go out and buy the items you want with cash - there are no fees for that either. And is the effort really worth the small transaction fees? Not to mention that by the time you get back home from cash-purchase the price may have gone down and you can't even buy the item you wanted now. >I don't have to give my CC # to the vendor. That one is true. Also, when paying with bitcoin you (in most cases) don't have absolutely any customer protection.

ramblerman 13y ago
> List of transactions from your wallet is visible to anyone. With the important side note, that nobody needs to know it is your wallet. You can create as many wallets as you want if you care about privacy. I'm not suggesting this would put you completely in the clear from NSA/professional hacker level audits, but it is miles away from doing a query in a database "Where CC=..."
- revdinosaur 13y ago
  While this is true, one only needs to be a vendor who ships products to begin to associate metadata with purchaser's wallet address and start breaking down that privacy. Multiple addresses works in theory, but we don't know how often it's practiced. I'm not sure it's really as far away from that kind of direct correlation as you think.

by nikolak 13y ago

ramblerman 13y ago

> List of transactions from your wallet is visible to anyone. With the important side note, that nobody needs to know it is your wallet. You can create as many wallets as you want if you care about privacy. I'm not suggesting this would put you completely in the clear from NSA/professional hacker level audits, but it is miles away from doing a query in a database "Where CC=..."

revdinosaur 13y ago
While this is true, one only needs to be a vendor who ships products to begin to associate metadata with purchaser's wallet address and start breaking down that privacy. Multiple addresses works in theory, but we don't know how often it's practiced. I'm not sure it's really as far away from that kind of direct correlation as you think.