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You can buy food with Bitcoin [1], although options are currently limited. I think this will continue to improve in the future as the counter-economy grows. An
by programmarchy 12y ago
You can buy food with Bitcoin [1], although options are currently limited. I think this will continue to improve in the future as the counter-economy grows.
And I agree that Bitcoin's lack of anonymity is a big problem. However, there are techniques one can use to keep transaction histories private, like using stealth addresses and decentralized, trustless mixing services like dark wallet and coinjoin [1]. Other cryptocurrencies like Darkcoin [2] have built privacy features into their protocol. These solutions are not yet perfect, but again I think they will continue to improve.
Further agree that abuses by the IRS as well as other state agencies will continue. But why make it easier for them? It's only going to get worse in the future if we do nothing.
[1] https://bitdazzle.com/food https://bitdazzle.com/food
[2] https://wiki.anoncoin.net/Anonymity_of_cryptocurrencies https://wiki.anoncoin.net/Anonymity_of_cryptocurrencies
[3] https://www.darkcoin.io https://www.darkcoin.io