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This only allows you to stay anonymous if you can get your money out of bitcoin anonymously. Whether by buying dollars/yen/whatever on an exchange or purchasing
by olefoo 12y ago
This only allows you to stay anonymous if you can get your money out of bitcoin anonymously. Whether by buying dollars/yen/whatever on an exchange or purchasing goods and services.
And it's damn hard to buy a yacht anonymously regardless of the unit of account the transaction is done with.
- aboutus 12y agoThe most important aspects of bitcoin is that it's decentralized (cannot be controlled by governments and banks) and inflation-proof. It's not anonymous, but certainly more private than using a debit or credit card!
- andrewchambers 12y agoYou can get bitcoin anonymously by mining. The weakness is in trading, even then, there are anonymous goods such as digital goods, and probably ways to perform anonymous escrow when trading real goods. In practice, people don't care, because they aren't doing anything illegal.