Bitcoin Forum

I think it is wrong to call bitcoin a "private" currency.

On the contrary, imo bitcoin is much more of a public currency that any national currency is.

Some people mean public to be government. In that sense it is obviously not.

Annoying. Most government things are not public. And many non-government things are not private.

Agreed.

on the contrary, I believe that bitcoin can be called a private currency because it is not controlled by the state

Bitcoin is not a private currency. The investors in bitcoin now was most of the public. At first the knowledge about bitcoin was hidden and seems private currency. But unfortunately, now all the public start to inverse in bitcoin, it's better to call as a public currency.

If large groups of miners will be merged into giant corporations, then they will have some control over bitcoin, but even then, bitkoyn private will not.
I believe that it is by nature a heritage of the people and thus does not have any role of nationality and religion.
Bitcoin moves to the top of his glory on the trust of a large number of people.

it depends from the point of view

if we see bitcoin like an asset it is not a private asset

if we see like a cryptocurrency it is an hybrid but definitively is not private

and also is very difficult to describe bitcoin and cryptocurrencies from a standard or offcial or legal point of view because it is something completely different from everything we know in all the economies of the planet

bitcoin may not be popular, if more than 50% of all bitcoins are in the same hands, or more than 50% of all capacity for mining. this is inherent in the algorithm itself, so everything is relative. In order not to lose power, everyone should keep at least 1-2 bitcoins in the long term . It's simple math, but you can't be afraid of the corrections that we've gone through and that we're going through. They are intended to deprive such an opportunity to make bitcoin decentralized

I do not know whether the currency is private. But i hear in some people bitcoin is probably private currency because he does not hold by the government and does not have tax...

There is some country allowed bitcoin for his country but most of the country not grunted it.So it is clear that that country allowed bitcoin for this country it is a government currency and beside that country not allowed bitcoin but people use it personally there its called private currency.There are many country in the last few month banned bitcoin for his country.

When you say public you mean the government but if I may understand the public that you mean is bitcoin wide rang of covering and how bitcoin can be transact across borders and with out any third party involvement. Bitcoin is going to be the world universal currency.

Bitcoin is private when it stands still in our wallets without any movements but when the first exchange or transfer happens that anonymity is slowly fading away. Government is even more involved in the tracking of the Bitcoin transaction than before and blockchain transfer data is available to all. In contrary to Monero Bitcoin is actually not that private.

Even if the government cannot control it and it is decentralized Bitcoin is more and more known and with this said its anonymity is actually deceiving. It can be traceable on the blockchain and someone with enough of the knowledge can easily track the final output of the desired transaction.

It's available to anyone anywhere, so in that way it's public. On the other hand, whatever is provided by the government free of charge is considered to be public. So a public education is a state-funded education, while a private one is the one you have to pay for. BTC isn't free, you have to pay or work for it, so it may be seen as private, although initially it was offered almost for free (or literally for free via giveaways and faucets). It's actually not that easy to come to a consensus here.

As BTC is not controlled by any particular co. or institution so we can't say it is central/private currency. In my opinion, it is people currency which is not controlled by any particular institution/person. Its price is determined from the demand and supply mechanism.

I understand the confusion, but that is why we need to avoid those terms bitcoin is a cryptocurrency and it is a decentralized coin not emitted or backed by any government that uses cryptography, trying to apply labels like private or public will only create confusion and a debate about what that means, this is why I do not remember anyone referring to bitcoin as a public or private currency.

This topic is from 2011

Just saying.....

One of the features of bitcoin is its decentralization. I can say that bitcoin is a private currency because it does not hold by central authority. It is a private currency because it controls by anyone. But right now, I think bitcoin turns to become centralized wherein there is now a regulation in the users of bitcoin, so I think it will soon becomes a public currency.

If I think bitcoin is the world currency, which does not look at a country with the same currency value, and can also be used in every country without any difference.

Bitcoin can also be said to be a private currency, but bitcoin is better if it becomes the world's currency for the future, because of good value and can also be made transactions worldwide without differentiating the country.

well if you need the address of a person than it is not private any more and everyone can track you which makes it a public thing and in my opinion blockchain will make us more dependent and more open publicly to the governments

well technically bitcoin is a private currency  because it is not run by governmeny nor under central bank. every establishment or  real state etc.can be consider as a public property it is run by government but since government is against bitcoin then its private, but can you imagine how our life will be more easier if bitcoin will be accepted be all government worldwide and will releasw also by central bank.. the much more benefits is in society still why..theres a lot of thing that we benefit by bitcoin.. getting easy job making extra money at the same time learning on how our economy runs.. it is not about just one countries but it is benefit of all countries. if I hope all the negative news about bitcoin will stop now ..because theres a lot of people exertung their effort just to learn more about bitcoin not just to earn trade or anything but to learn  new thing from bitcoin.

Is it? How can it become private when it can be own by everybody? It is Peer to peer, peer to group, group to peer, company to company. It can't be private when everyone can access it.

This bitcoin is not private currency .
because some people want to be legal and to accept the government  the bitcoin.

if the BTC is a personal currency used and controlled by the global elite, I think it could happen
Evidently, the whale players, can play the price by utilizing the news and his ability to change market prices

I think bitcoin is the world's currency and not just a personal currency, bitcoin currencies are very well applied to the general world.

I think its not, all people can have the opportunity to own bitcoin so its not private.

it is a private currency owned and used by public. Though it is commonly used by public, it cannot be called a public currency since the control of it doesnt came from a government, instead it came from a private person who is until now is still anonymous.

             I think in my own view Bitcoin is a private currrency because it is decentralized which means free from government even it is use publicly by the community. It is not hold or issued by the government because if bitcoin is called as public currency,government has a full control over it.

It is not owned by any higher entity so it is not private. After all, why would people call bitcoin a decentralized currency in the first place if it is all coins came from a single person and is manipulated by the said person? Bitcoin is made public because it is originally meant to be the official currency of the future.

Bitcoin is not a privite currency, becouse everyone of us can take a part of bitcoin. That's why it is decentralized it is peer to peer. But in the other side it connot be could a public currency becouse no one own bitcoin.

I think pseudonymous currency sounds more appropriate.

But if this is not enough for you, you just have to wait for features like MimbleWimble. It can make Bitcoin much more anonymous.

but this is one big thing that matters now,since we are not controlled by states,countries are pushing policy towards our community here,and because of this PRIVACY were facing many issues now and most of this are seriously needed an action..maybe we can do good moves so pursuing us will stop now.

At first, the knowledge of bitcoin is hidden and it seems private currency. But unfortunately, now all the public are starting to inverse in bitcoin, better call it a public currency.

Because in my country bitcoin has not been fully acknowledged, then i think it could be a personal currency because its usefulness is still limited and only fellow commodities can use it.

It is a dictatorless, permissionless, and borderless currency. It has been the same for the past 11 years.

can not be a private currency, because bitcoin is used by the public. and only a few know about bitcoin.

Bitcoins and other crypto-currencies are private and open systems. Their ideology is that anyone can become an issuing center. Classical monetary mechanisms, on the contrary, are centralized: central banks are responsible for the issue.

Of course Bitcoin is a private currency. actually it is the most secure cryptocurrency.no one can hack it or do any illegal thing with it. so you have not to worry about the privacy or security of Bitcoin just invest in Bitcoin now and starts to get profits.

What is the definition of private in your statement means? If private define a condition with bitcoin ecosystem then yes it is, because bitcoin wasn't controlled and managed by government but more like private developer. However if you're talking about the private in the definition of consumption then bitcoin can be categorized as public currency and not private because it totally controlled by supply and demand and without any government intervention.

bitcoin can not be a private currency! bitcoin was created as a mathematical formula that self-develops! at bitcoin there is no boss at the head! but the price bitcoin is very much influenced by the miners, as well as the major players! until there are real rivals bitcoin, other players can control the price!

Nope, Bitcoin isn't a private currency because everything of your wallet is all public, people can see how many tokens you have in your wallet, where are you going to transfer them but the only thing they can't see is your name on it.

Bitcoin is not a private currency because nobody's own it. We all know that this decentralized crypto currency made by the blockchain technology. That's why governments are against with this crypto currency because they want to have a currency that they can control and monitor, just like what we have now, the dollars and euros.

I think bitcoin can be called a private currency.after all, bitcoin is not controlled by the state

Bitcoin is more of a Public Currency which will become the World (Alternative) Currency in ten years.

public/private are not the right words

btc is a PERSONAL possession asset currency
bitcoin coin is a OPEN currency network

the whole private/public is more about what status a business/organisation has, if its owned by a government or not

so its better to talk about the funds as personal possession vs shared ownership vs controlled/licenced
and the network is either open(anyone can be part of) vs closed(ned to be employed or have special privelidge to be involved)

I agree that Bitcoin is now a "private" currency. I work to collect Bitcoin, self-preserve them and execute transactions autonomously. No one knows how much Bitcoin I own. And no one has the right to tax my property. The advantage of Bitcoin is its ease of use and privacy. In the future, although Bitcoin is widely accepted, Bitcoin is essentially a "private" currency.

I do not think Bitcoin is a "personal" currency. Because Bitcoin is the online cryptocurrency online. If any person desires to earn money by investing or doing it online, feel free to do so. So this is not a personal currency.

But in the other side it connot be could a public currency becouse no one own bitcoint his crypto currency because they want to have a currency that they can control and monitor, just like what we have now.

Bitcoin is more of an asset than to be called a currency. I it is a digital asset that anyone who owes some could boost of. In that case it could be a private currency since assets are private. Bitcoin is a no nation currency, It is the currency for only those who understands its operations and potentials.

I do not know how you got that idea but everyone can get the Bitcoin up for the money. Where is this private?

Agreed, I think bitcoin is not a private currency after all it is used by many nationalities all around the globe, unlike other currencies which is exclusive only for their specific country, bitcoin is also be converted in any currency , that is how the blockchain works, Technological advancement is in our grasp this age, maybe we should use bitcoin as our alternative currency or rather a singular currency for all the people of the world, but I think it will not be accepted by other countries we just wait for it to be recognize.

 I think bitcoin is not a private currency because bitcoin is used by different people from different countries

Bitcoin is a decentralized peer-to-peer payment network and can not be undone and contains no personal or sensitive information.

if I think bitcoin is personal money because there is no power of state authority is also not taxed

Bitcoin is for everyone not just set on as  private currency but it is for everyone who wanted to own ,invest or hold it.Anyone can profit from it if they were aware on the usage of bitcoin as a mode of payment or for investment purposes.

That is true bitcoin is not private currency because everyone can invest on it and keep it as their investment. More people now are using bitcoin in purchasing online and there are also countries who accepts bitcoin in different establishment so we cannot call it as a private currency.

What do you mean by private ? It is open for all people worldwide so I will say it is the most public and transparent.

In my opinion, bitcoin is still considered as a private currency as it's decentralized which means not controlled by government or a group of people. No need to leak your data to own a bitcoin address unlike bank account. Even though the bitcoin transactions can be tracked as it's recorded on the public database but it's not showing the identity of the address owner.

You are right, Bitcoin has all the strength to become World Currency, we just need to stop thinking of it as only a media of Investment and need to start using Bitcoin more as a currency.

I agree Bitcoin is the most public as it gets. Bitcoin is the first decentralized currency available in the market, which in fact favors the market. Banks are actually furious because of that, they can not control it and they can not do anything about it.

Now although Bitcoin is a public currency not everyone knows this currency publicly, and with bad reports from the mass media many people are thinking about Bitcoin as a scam. It is our job to make sure the public understand what this currency can do for the public.

Who would have thought that a question that was asked in 2011, would still be relevant today. I think if you applied this to the Blockchain, then you would call the Bitcoin Blockchain, <Public> and all of these other Blockchain based technologies, <Private>

When there is <Public> participation in the decision making process via a consensus based model, then Bitcoin qualify as a <Public> currency, but when a centralized decision model is followed, then I would call that a <Private> Blockchain.

This is a very important distinction that will become more important in the future.  >:(

Bitcoin is a public currency this is available to all it needs to have a volume of supporters to become primary used for the entire world, this is the products of new generation high technology time is very quick transformation from old school method to millennial method. Bitcoin Digital currency is really easy to transact PER to PER transaction using virtual digital currency is efficient than current uses.

Private is when there is one who created and he is the controlling body, in our case, when speaking about bitcoin, we are dealing with an international project that does not belong to anyone. All manipulation of prices is the result of efforts by different groups of people to take control of the largest share of BTC.

It is a decentralized entity so I would not call it private as such. Of course it is not created by a central banking system or government so in that way yes it could be called private if you mean that it isn't generated by any one single body. I think though that it is being manipulated and controlled now by the big bitcoin holders so in that way it can be deemed fairly private as many of these big groups meet in secret to say whether they will buy or short.

Bitcoin is not a private currency, it is just a cryptocurrency which can make you anonymous because you can't be tracked but it doesn't mean that it is already a private coin because for me the meaning of private coin is a coin that is totally anonymous, it means that there is no tracks that the other people can follow to find out your wallet or anything like that. Bitcoin is just a semi-private currency for me.

ordinary money is a hoax! the inflation of all money on earth is constantly happening! Inflation directly depends on corruption of officials and civil servants! there are few countries left where their paper money is equal to the amount of gold! in Africa, for example-the depreciation of money is very fast! and that's when the new currency-bitcoin appeared! Now bitcoin - they are very much manipulated, and very much depends on large pockets and influential people on the ground! but I'm sure it's all temporary, until there's no more approval! After the world approval - the bitcoin will have competitors with a good capitalization! and then there will be no sharp leaps in price! years through 10-15 course is stabilizing, and will be at the same price!

Bitcoin is completely anonymous but not really sure if it can be classified as a private currency. Bitcoin is the first and fastest growing coin in the cryptocurrency world and its a digital currency that can be used most especially for investment purpose in the cryptocurrency community.

It's a yes and no answer for that. It is private because you don't need  KYC type ID to set up a wallet. However, with the right tools and knowledge it is traceable. You'd need something like monero or privcy if you want a private coin

definitely. the government does not support bitcoin and most of its investors are people.

One of the most common misconceptions about Bitcoin is that it is a completely anonymous and private currency.

Bitcoin is public currency, as a revolutionary it could be the one form of currency that will be used by all people around the world. If this is achieved Bitcoin will be a international currency.

I think btc has become world currency. because at this time duni already know the usefulness and function of bitcoin. what's more with anonymous usage and low transaction costs, making more and more consuming btc

Bitcoin is not a private coin because high percentage of bitcoin is owned and controlled by its investors. Bitcoin is not controlled by government and it's not a private currency....everyone has access to it and it's price is not controlled by a single owner. 

Bitcoin is public currency, everyone can buy and owned bitcoin. Anyone can invest in bitcoin so why is called private . They want more investor so that it can help the price to increase.

nah i do not agree that bitcoin is a private currencies . bitcoin does not controled by a goverment and why they call that bitcoin is a private currency ?

I think bitcoin is public in terms of having bitcoin. Anyone can buy and have bitcoin as long as someone is willing to. In terms of its accessibility and tracing of government, it can considered as private for the reason that govermment can't track and trace the amount of bitcoin in one's wallet and the only person to have access in it is the owner or anyone else who have the key to access the said wallet.

No.Bitcoin isn't private currency. This is world wide currency. Many people used this currency. I think so bitcoin is world wide business. So I there for it's public currency.

I don’t think bitcoin is private or public crypto currency, bitcoin is only decentralised crypto currency and I don’t think no one knows it, only those have money can own bitcoin, bitcoin is still decentralised crypto currency and those countries who has legalised it, owns it in their nation only but if we call it for a whole then we can call it a national currency rather than to call it a private currency because there is no such owner of bitcoin and every one can hold it by investing into it.

It is part of the visions Bitcoin to bring about a revolution in the world finances and money control. Bitcoin cannot achieve this vision if the digital currency is private or is utilized by a small percentage of people in the world.
Bitcoin should be as public as it can be.

It depends on what you call "private" but, if it's the same as we all understand in the English language then I'm tempted to ask "how can a currency be private ?". We interchangeably use money as it moves from person to person so how can it be private?

I think bitcoin is not a private currency. It is a decentralized currency though. I believe satoshi nakamoto want bitcoin transparent, so everyone can trace every transactions of bitcoin.
If you interested in private currency, you may want to look into private coins like XMR or XVG.

It is public since the public owns the nodes and miners. Although they are considered by state as private individuals.

No it's not at ALL. Especially if skilled people are trying to uncover who you are. Hopefully we can fix this.

For me Bitcoin is not private in the fact that its decentralized and anyone interested on it is welcome to use and join it. But no matter what let just take it as a private currency to have our privacy.

No bitcoin is not private currency, because many people using this currency. Sadly government did not support this currency

Bitcoin is less private than an ATM transaction. It is pseudoanonymous, but you can trace BTC with a little effort.

Privacy coins like Dash, Verge, Monero, Zcash are better options for privacy.

Or you can try using a BTC mixer, but then you have to trust the people mixing for you...

I am also agree with you

Yeah you are right

I think bitcoin is not a private currency, because the bitcoin currency of the people because now many people use bitcoin for currency, but not personal currency.

It's not the private currency, if your question is targeted on ownership of bitcoin. It doesn't belong to only one person or group of persons. It belongs to everyone who can use it. And it's being made with intention to have some general public role so that everyone who can afford it or earn it, can use it. At least I see it like that.
Also if you think about the privacy of the user this is also very relative question because if you are a bitcoin user you can't fully protect your privacy and use bitcoin completely anonimously.

I think Bitcoin is not a private currency. The holders, investors in bitcoin now public. At first the knowledge about bitcoin was hide and look personal or private currency. But it is very sorrow that, now all the public start to invest in bitcoin.It's  call as a public currency.

btc maximum community community is deepweb.

Whoever invented bitcoin, it has nothing to do with those who own it today. In fact, this is the newest financial instrument, which is much more profitable than the American dollar. In fact, this is a private currency, the owner can raise and lower himself as he pleases, constantly receiving income (since he plays tagged cards)

Yes bitcoin is a common currency that accepted by so many countries world wide and aside of being a digital currency it can be used also as an investment and might become more profitable once the market price is increasing.

But I heard some people. bitcoin is probably a private currency because he is not held by the government and has no taxes. so personally called a personal currency.

I think we cannot say bitcoin private or public in a sense that it is available to everyone but also we need to buy it in order to have one

Bitcoin is not a private currency, because no one can claim it. We know that it was created by a person or a group of individuals under the pseudonym of Satoshi Nakamoto. However, this person or persons actually remained uninstalled and do not pretend to be the inventor of crypto currency. Therefore, everyone knows that the crypto currency has no owner. Proceeding from this, it can not be considered the property of a certain person or persons, and therefore can not be considered private property. At the same time, bitcoin is created with open source code and everyone can use it to create their own crypto currency using bitcoin history. This also indicates the complete decentralization of bitcoin and the absence of its owner.

Your understanding about private and public is wrong word public in a country are the things that manage by the government and the word private in government is the thing that they not own it is usaully own by individuals so the bitcoin system is a private property.

It's a yes and no answer for that. It is private because you don't need  KYC type ID to set up a wallet. However, with the right tools and knowledge it is traceable. You'd need something like monero or privcy if you want a private coin

I do not think that it is a private currency because everybody can buy, sell, hold and use it. It can be a private currency because of its anonymous transaction.

It depends on who you're and what's your perspective when you say public it could be inferred as a government coin, when you say private it could mean you're the government who thinks it's a coin for a select bunch of people. So this definition of bitcoins will change person to person and organisation some may even generally consider it either so choose to accept what you want.

i dont think we can say if it is public or private, in some ways it itprivate specially when it just stays in your wallet ofcourse that is your property making it private, and in some other ways you can say it is public

Bitcoin has never been and will not be a private currency in the sense that it can not belong to an individual. We only have the pseudonym of the developer - Satoshi Nakamoto, but he did not claim his right to bitcoin as private property. Therefore, bitcoin should be considered public domain.
Now bitcoin is used by society, everyone can use its open source code to create a new currency.

Although the usage of Bitcoin is still low, it is used by people all around the world. Moreover it has received global recognition and attention.
Crypto holders are beginning to use Bitcoin in real life.

It's hard to tell exactly. On one hand, Bitcoin isn't controlled by any private organizations or individuals. So it can't be called private. On the other hand, Bitcoin isn't government-backed and issued by government, meaning that it isn't public. However I think it's not that important to determine it's public or private.

Don't think so，not private at all...

Bitcoin has never been considered as a private currency and in the future Bitcoin does not seem to be used in private. Since Bitcoin discovery, it has been used publicly since then. No person used to bitcoin work alone. Bitcoin can be used by everyone so it is a public currency. Bitcoin is not a national currency, but it can be called international online currency.

I consider Bitcoin a private currency, but it does not solve anything.

The dollar is not issued by a state-owned company, but it still remains a global currency.

Yes its can be use as currency and anyone would accept it but i dont think i could make fair transaction using bitcoin, the votalilty makes it hard to do fair transaction and i dont think it could be use for daily transaction. Bitcoin is too complicated and i do think its good for an asset than currency ( atleast for now)

a private means that the transaction of the coins and transfer are not traceable and are very suitable to be used in illegal activities. Those coins are getting bad reputation from countries but btc is not like that it is different and every wallet is traceable on the smart contracts.

true this is such a private property , well there is a lot of phase or an idea how they may look for whether this is a public or private you should learn the difference on it specially here in crypto currency define for it analyzed it , then this is a private property right.

You wont find a more public currency than Bitcoin in this world. Also what do you mean by private? Bitcoin is publicly available for anyone to purchase and is completely decentralized with no single organization or company controlling it. I guess it makes Bitcoin public enough.

For any body to conclude either bitcoin is public or private need to understand d meaning of private and public. Private is something Belonging to, concerning, or accessible only to an individual person or a specific group,
Not in governmental office or employment. Not publicly known; not open; secret.
While public is Able to be seen or known by everyone; open to general view, happening without concealment.
Pertaining to all the people as a whole (as opposed a private group); concerning the whole country, community. From the meaning of public and private, I think one should be able to deduce if bitcoin should be categorize as private or public

Have you ever seen things being use by many a private thing. Bitcoin is neither a private nor a public currency,  bitcoin is neutral.

Yes, it's obvious that it's a private currency when using the common public vs private distinction relating to government and non-government agents. So it seems OP is mostly getting hung up on a different definition of 'private' in this case.

How Bitcoin can be a private currency ? Bitcoin can be used by anyone who knows the knowledge how to access this currency, it is not owned by any private firm and is based on a open source program and also can be used by anyone over the world irrespective of their origin. Bitcoin is a decentralized crypto currency which states that it cannot be controlled by a single company or become a private currency.

Bitcoin is not a fully public currency because it offers amenities that ensure its privacy. Bitcoin is partly anonymous and decentralized so its structure is more private and one can say that we make ourselves a bank using Bitcoin. Bitcoin simply allows transactions where personal data is not needed, instead we use the code to send our funds and receive them.

Bitcoin is not a private currency and bitcoin is not only limited to one country or being use by one country, bitcoin is a universal currency which is use all over the world so at that no single country own bitcoin and bitcoin is not own by an individual but bitcoin is a store of value which is use for online transactions and a great assets.

Anonymity and confidentiality are the factors that have helped Bitcoin since the early days of its formation so far and have always received great support from investors. I am confident that the development of BTC as well as The cryptocurrency market will be stronger in the near future.

It is absolutely wrong to tag bitcoin as a private currency. If that is the case then it makes bitcoin looks like it belong to a particular group of individual which is not so. Bitcoin is actually for all of us irrespective of where you coming from. So I think bitcoin is more like a public currency either than private currency

bitcoin creates a huge influence on all aspects of our lives, bitcoin give a profit to everyone. and everyone can become rich with bitcoin.

then, the wrong perception if bitcoin is private. bitcoin also does not close to spreading its popularity to the public.

so, I think, bitcoin is a choice for everyone.

i don't think bitcoin is a private currency.
Bitcoin is a public currency.
because it can be used by everyone.

I can says bitcoin is private currency because it doesn't hold by government and authority you can control bitcoin whatever you want, anyone can control bitcoin by the help of themselves but bitcoin becomes  the world's currency for the future.

I do not know if it's a private currency or not, but I think bitcoin is just crypto not the original currency or the other

I believe bitcoin is private currency base to what i understand about the private currency which means it is  issued by a private entity or  individual beacuse  fiat currency issued by governments or central banks. In many countries, the issuance of private paper currencies is severely restricted by law.But somehow i'm hoping  the bitcoin will become the world currency because of potential  good  value and can also be made transactions worldwide without differentiating the country.

Legally, bitcoin can not be considered a private crypto currency, since no one has yet claimed ownership of bitcoin. Bitcoin belongs to the public, everyone can use its open source code to create its own crypto currency. Also, bitcoin does not have any control center and is decentralized.
Bitcoin can be attributed to private crypto currency in the sense that it is used primarily by private individuals. Legal entities, state governments are unlikely to actively use bitcoin in their activities. Apparently, they will use more centralized types of crypto currency.

No, Bitcoin is not a private currency but a public , Bitcoin is only decentralized in nature which is the main reason of creating it , no government have power over it and it has a limit to be mint while normal currency doesn't that is why it's centralized but Bitcoin can only be mine by miner with a particular reward for every block and any one can mine Bitcoin .

The best thing about bitcoin is that you can have it just by browsing internet I mean for using bitcoin all you have to get is an internet connection and then can transact with the people worldwide irrespective of the country they live in but for having the national currency of a country you should have a bank account and also you should convert into other currency for transacting with people of other country.

I agree with you. Because it does not govern any country or government. That's why it can be said bitcoin is a private currency.

Yes you are right, bitcoin is not a private currency, it is a public currency. Everyone can see the address, the balance of bitcoin, the transactions, etc.
I think bitcoin was created to become a daily currency, but now because the price is high, it is used for investment.

 For my opinion, crypto market is better than national currency. I agree with you about private because everyone you scared for himself. It is personal profit for everyone using it. So it is up to you.

As I would see it, bitcoin is as yet considered as a private cash as it's decentralized which implies not controlled by government or a gathering of individuals. No compelling reason to release your information to possess a bitcoin address dissimilar to ledger. Despite the fact that the bitcoin exchanges can be followed as it's recorded on the general population database however it's not demonstrating the character of the address proprietor.

bitcoin is not a private currency I think, why? because as we can see that every people in the world can use bitcoin as their currencies, they just need to use the online wallet or offline wallet for bitcoin and they can use bitcoin 100%. so its not a private currencies, it will be the worldwide currencies

Bitcoin is not a personal currency. Investors in bitcoin are now the majority of society. At first, the knowledge of bitcoin is hidden and it seems private currency. But unfortunately, now all the public starts inverse in bitcoin, better call it as public currency. Bitcoin is not a personal currency. Investors in bitcoin are now the majority of society. At first, the knowledge of bitcoin is hidden and it seems private currency. But unfortunately, now all the public starts inverse in bitcoin, better call it as public currency. It's available to anyone anywhere, so that way it's public. On the other hand, anything provided by the government for free is considered public. So public education is state-funded education, while private education is all you have to pay. BTC is not free, you have to pay for it, so it can be seen almost free (or literally free via gift and faucet). Actually it is not easy to reach a consensus here.

In some parts you right about the private currency. But technology is gross up fast and Bitcoin becomes the best system to halt and invest your money.

Definitely I agree with you. Bitcoin is much more of a public currency. In fact, that innovative blockchain that Bitcoin is built on is essentially a giant ledger that allows everyone to watch where money flows in perfect detail.

With that said, someone can’t figure out who you are by watching the blockchain alone. All that they would see are Bitcoin addresses, which look like scrambled random data. If, however, someone is able to link a Bitcoin address to your real identity, then they can begin to trace your transactions throughout the blockchain, and that’s where privacy gets dicey.

A private currency is a currency issued by a private entity, be it an individual, a commercial business, a nonprofit or decentralized common enterprise. So I can conclude that Bitcoin is not a private currency....

I don't know if bitcoin is private currency because its not control by state so maybe its private but you will call it not private because many people free to use it and its public specially to the country accepted bitcoin, its better to call bitcoin private for our sake.

It is not private because anyone can use and can have it, bitcoin is a public currency because there is a lot of people who can earn and invest in bitcoin because in bitcoin you can earn even you do not have regular job because here is different even you do not use it in a month you can still have it and because are promoting as a pay system. (I guess)

I agree. And not only because of this bitcoin can soon be called a private currency. Most likely, bitcoin will remain in use by private individuals. Legal entities and in general states are unlikely to actively use bitcoin because of its decentralized nature and, most importantly, its high volatility. They are likely to use centralized types of digital currencies, including their own.

This depends on the private currency definition
the governments have a definition that governs things
Unlike us

Bitcoin is not exactly illegal, but it is very difficult to use in a legal manner, and most utilizations will be questionable, if not actually illegal. However, I think the concern about governments shutting down currency is a red herring, at least regarding the US government, which actually subsidized the Ithaca Hours system of alternative currency, via its Vista program. Governments aren’t nearly as emotional about currency as currency geeks think, and the issues they have are much more situational than philosophical.

Trading, cashing out btc, accepting btc, paying with btc, all perfectly legal manners to use bitcoin are they not?

I believe it is the essence of a heritage of the people and therefore does not have any role of nationality and religion. It depends from the point of view. If we feel like electronic money, it is a hybrid but definitely not private

According to me, bitcoin is a private currency because Bitcoin cannot be controlled by goverments, banks and any other legal forces. This makes bitcoin complete private.

Not so much private now since it's all over the internet. Though in a sense of privacy could be where and what it is used for and who owns them, and those informations are probably classified.

No I do not think so it's a private currency because bitcoin is known by everyone so it not remains private.

I think the word private is not appropriate here for this bitcoin currency .. and the main thing is if something is used as private than it wont be able to do any kind of transfer / transaction .. SO there is nothing called private in the currency world ..

All kind of currency are used as a medium of transaction , so this is no way to make this things private ..

No, Bitcoin is not a private currency. However, those who work here keep their identity private and that's why here the amount of scammers is more.And Bitcoin is not under anyone's control, independent. Anyone can be added and everything is free. So Bitcoin is considered as a public currency.

Though bitcoin is a digital currency, it is not public currency. For  this that many country has banned bitcoin for their state. So i can fluently say that bitcoin is a private currency.  ;) ;)

It isn't private since anybody can utilize and can have it, bitcoin is an open money on the grounds that there is many individuals who can acquire and put resources into bitcoin in light of the fact that in bitcoin you can gain even you don't have standard occupation in light of the fact that here is distinctive even you don't utilize it in multi month you can in any case have it and in light of the fact that are advancing as a compensation framework

well, for me BTC is not a private currency rather it is a public currency. anything that can be used as a point of payment by different individuals is no longer suppose to be recorded as a private something. now there is a news saying that BMW now accepts BTC as a new point of payment which means it is not just a coin that is used in the digital world but it is coming and gradually turning into fiat.
what I am saying is that BTC is no longer a private currency but a digital currency for everyone.

Some people can't separate government and private. They should know it first.

I  think that btc is no more a private currency.

Private currency is used for an individual entity. Btc is not for an individual now its a new whole world baby.

Btc is now a global product. It breached its cage more time ago. Now many government agrees btc as their alternate currency.

I think that at the moment Bitcoin is more of an investment object, not a currency for which you can buy a product or service.

In Bitcoin investing capital, that would make a profit, of course with the skillful formation of the portfolio. ::)

I think its not private currency, With over 300 billion market capital its now a global currency.

You are right.Calling btc a private currency is wrong. Its now public currency.

Over 21 million supply How could it be a private yet.

I think btc is private currency cause govt. has no control over it.

No, it is wrong. Bitcoin is a anonymous currency, cannot be controlled by the governments. It's now a popular currency with millions users and accepted in many countries.

I do not know, maybe many people think bitcoin some personal money because in my country bitcoin in legalkan

Bitcoin is private currency because even the government can’t control it because it’s very secured and some government ban bitcoin to their country because they afraid the quickly scattered of it.And they didn’t agree to the legalization of other countries.

Well  technically bitcoin is a private currency because it is not run by governmeny nor under higher bank control by government, because a private currency is a currency issued by a private entity, be it an individual, a commercial business, a nonprofit or decentralized common enterprise.

Bitcoin is private when it stays in our wallet without any movement but when the first exchange or transfer takes place, the anonymity slowly fades away. The government is even more involved in tracking Bitcoin transactions than ever before and blockchain transfer data is available to all. Unlike Monero Bitcoin is actually not a private one But now, I think bitcoin turns into a center where there is now a rule in bitcoin users, so I think it will soon become a public currency.

No, Bitcoin is not  a private currency. Bitcoin is online crypto currency. you can called it's public. because Bitcoin is more popular. it's transaction is fast and secure. then Bitcoin is good investment. it's gives lot of opportunities earn money to every user. anyone can using it. so it's not private currency.

I believe that bitcoin can not be exactly attributed to private or public currencies. Bitcoin does not have a single center. Yes, his greater number of bitcoins in one hand can affect his future. But the demand for the first crypto asset will only increase and, accordingly, the price will grow.

It is obviously a public currency. Everybody in this world could get some of it. Except for those people that are under the government that has ban bitcoin(sorry for you guys). It's not a private currency.

It's accessible to anybody anyplace, so in that way it's open. Then again, whatever is given by the administration gratis is thought to be open. So a government funded training is a state-supported instruction, while a private one is the one you need to pay for. BTC isn't free, you need to pay or work for it, so it might be viewed as private, albeit at first it was offered nearly for nothing (or truly for nothing by means of giveaways and fixtures). It's really not that simple to go to an accord here.

It's not private in that common sense.
If you have a wallet you can control its private keys, you own that coins indeed. But it's not private because everyone know your pubblic address and it's not that difficult to associate if you spend it somewhere to buy something. It's trackable.

That said, you need a privacy coin if you really want to stay anounymous

I think, bitcoin might be called as a private currency, is because the fact that bitcoin can give us an absolute access in our asset without barrier from the governements or financial institutions that often called the third party. But, in the other hand, i also agree with your opinion that bitcoin is much more like a public currency.

It considered as private currency because some countries dont expose bitcoin in public . They did not already agree for the legalization of bitcoin .

Bitcoin is not as private as you think. You have the power to transfer your bitcoin to any wallet, but surely someone will find you through trading history!

How will someone find someone? We can only see that the wallet has some bitcoin but you can't say to whom that wallet belongs unless the person (owner of wallet) declares it publically. Besides govt can't interfere with bitcoin, so I would say that Bitcoin is private currency.

I think Bitcoin is online Crypto currency  :) :)

My opinion is, Bitcoin is a real public currency, not that "Public= Government" currency.

Bitcoin can be said to be a private currency in some aspects due its decentralised basis. Currently due to the increasing popularity of bitcoin and globalization, many people from all works of lives are beginning to appreciate how amazing  bitcoin is.

It seems to me that Bitcoin is not a privatr currency, Why? For me the definition of private meaning only you or a few people can know about Bitcoin like. But if you says Public meaning broad people know about Bitcoin so it was. We can not call Bitcoin as a private currency but a public currency because many people knew about this king of currency and some people now used it.

I think it is need to called "private currency" because even government do not access who's the members of bitcoin and who is the person who earning money on it.This is a great crypto because no one can access what you are doing in your bitcoin or who's the person sending your money. It is better than Gold because it's a digital and no one can steal it except when they got your wallet address.

   Maybe this topic needs a little refreshment! This little joke about is Bitcoin private or public currency is more truthful than many other
comments. It is online crypto-currency, and like most online "things" it can be private if you wish it to be, or it can be public, choice is
yours.


   Public is not government. Bitcoin is for people to use it, it has to be public. I think some services needs to be public, Bitcoin can help
with that. Individuals have right to privacy, Bitcoin can help with that too. It`s one of the great things about Bitcoin, it can be what
ever you wish it to be.

Bitcoin is not a private currency. Currently, investors in bitkoyne were the majority of the public. But on the other hand, I heard that some people bitkoyn probably is a private currency, because he does not keep the government and has no tax ...

Bitcoin is not a private currency, because everything that is in your wallet is open, people can see how many tokens you have in your wallet, where you are going to transfer them. We all know that this decentralized crypto currency is made using blockchain technology. That is why the state is opposed to this crypto currency, because they want to have a currency that they can control.

I think bitcoin can classified as "private currency" because if you have bitcoin no one can trace that you have it even government cannot determine who are the people who have bitcoin. Yes, bitcoin knew in many countries but no one can know who are the people who have it. So that I conclude that bitcoin is a private currency.

Nope. I highly disagree with this statement. Bitcoin is pretty much public that any currency. They called it private because that is what it meant. But for as years past by, it is no longer private, because many people consumed this. moreover, there is a lot of cryptocurrencies considered as public than this one.

You can't call bitcoin is a private currency because it's one of the famous and most of the top crypto currency runming in world og online bussiness. Bitcoin is not a private also because most of the people here in crypto use bitcoin to earn.

Bitcoin, by contrast, is anonymous but not private: identities are nowhere recorded in the bitcoin protocol itself, but every transaction performed with bitcoin is visible on the distributed electronic public ledger known as the blockchain.

No. Bitcoin is not for private users neither is it a private currency, it is a new way of making transactions and settling bills using virtual currency .

this is not quite true. Having tracked a specific address for incoming and outgoing transactions, I think such institutions as law enforcement agencies can reach a person in this way.

We cannot call Bitcoin a private currency but a common currency because many people know about this king of currencies and some people now use it.
For me the definition of personal meaning is only you or some people who can know about Bitcoin. But if you say Public means people know about Bitcoin.

if I think that Bitcoin is not for personal currency.
because some people also want to make it legal and accept the government for bitcoin.
and bitcoin is the world currency, which does not see a country with the same currency value, and can also be used in every country without any difference.

Agree with you.
why do you think that Public=Government?
I think these things is different.

It is also right that bitcoin is not public currency and on the other hand it is also right that bitcoin is not personal currency so we can call bitcoin privet currency.

Bitcoin is not you actually say private. Why? All of us can use bitcoin as long as your willing to know how to understand using it.

Bitcoin is not really a private currency, not also as public currency which is run by the government ,but any people can join, buy ,sell ,transact the bitcoin ,it is not privately own by one person or company or any business sector ,it is just public can join and invest the normal way.

bitcoin is a public currency with personal control, personal rules. if bitcoin is a private currency, the public will not use it. everyone can use Bitcoin with their own rules. so it's like a letter, you can see the cover but can't see and read the contents. very easy with the rules themselves.

I think why some people call is private currency is because it has not been accepted globally by central bank . To us investors, users and traders of bitcoin it is not a private currency.

It depends on how you take the word private. Private could mean Bitcoin is ours, privately-owned by us. That is in contrast to fiat money which is essentially not ours. Fiat could be in our possession but it is never ours. It is owned by the government, the central bank in particular. If the banks consider our money illegally-earned, they could easily freeze our account and get the money from our individual accounts. Bitcoin is different. It is a private property once it is already ours.

Well, I am in contradict. When we talk about bitcoin - much to say that it is "private" currency. Take a look, you may have the reason to think that it is a national currency because everyone could own it; however, if we would have tried to look, the only reason that makes the assumption false would be the basis on of who are the owners of bitcoin. Most probably, the one who can hold is the one who is also an investor of bitcoin. If we used logic, all people could be an investor, but not all people can win investment. Some people can be an investor; thus making him a private holder and as such used bitcoin for private - as in a private currency. Not all can be used bitcoin in a national currency such as it can be controlled by a government agency.

Bitcoin is the future of the world economy and the currency that will capture the whole world of the user and it will be paid in every country in the world !

It depends on how you define privacy for Bitcoin. Anyone can use bitcoin and earn from it that makes it public. But, the identity of the people who are using and created were private. Overall, bitcoin as a currency is not private, it can be directly converted to physical currency and get it.

for me, bitcoin is still considered as a private currency as it's decentralized which means not controlled by government or a group of people. No need to leak your data to own a bitcoin address unlike bank account.

I don't think that it is a private currency, What do you mean when saying like this? To my mind, this is the best currency ever which is available to everyone and you can invest in it anytime

btc is not a private currency nor does it belong to the government, but btc is a digital currency that belongs to anyone who joins cripto, there is no limit to whoever it comes from is all the right to own and use btc, so I think btc is better called currency global, whose scope is broader compared to cash

maybe because not many know bitcoin, it's not common and some forbid it

Of course we can consider bitcoin as privet currency because those thing which we can not called public all of those are privet and bitcoin is totally a privet currency.

I think in the year 2020 when Bitcoin replaced cash to settle things we could call Bitcoin a "private" coin. Bitcoin is highly secure, transactions do not contain personal information, it is hidden on the system, allowing security of information users avoid identity theft.

bitcoin is a private currency as its ownership and controll lies mainly one the miner cartels tht run it.

especially the huge ones like bitmain.

Since BTC is not controlled by any particular employee. In my opinion, this is the currency of people, which is not controlled by any particular institution / person. Its price is determined by the mechanism of supply and demand. if it becomes a world currency for the future, because of the good value

Obviously bitcoin is a privet currency and government doesn't have any control over it. and which is not governments property is call private property.

I think that it is better to use btc because it can provide you with the confidentiality. To my mind, this is a good way to earn money and at the same time to benefit from many other advantages

BTC is not private. All your transactions are public, so eventually (when you somehow spend your coins) you can be connected to certain address. However, if traded cautiously, you may remain anonymous.

Anyway, I would not care about it - BTC was not meant to be private - there are other coins that are private (Monero, Privcy).

Whether private or public all that i know is that it is all about bitcoin and nothing else.

Bitcoin is never in away a private currency it generally used by does have the knowledge of it in cryptocurrency.
  Nobody talk about cryptocurrency without involving bitcoin because its one of the highest coin.

Bitcoin is not a private currency but using of bitcoin is private for sure. Since its anonymous we can send or receive the a lot of money without giving any data or identity. Bitcoin is a public currency even AtMs are build in some countries many hostel schools are accepting it there's no chance of calling bitcoins as a private currency. Maybe you're calling it private because they're not exist physically but its internet currency and everyone is welcome to use it

Bitcoin is not private currency no anyone owner of bitcoin it is not completely decentralized currency. It is a public currency use anywhere in the world at any time without any distburance.

In some countries, bitcoin is recognized as currency, others are not. Bitcoin is everywhere, it's completely public, just you have not really learned about it. Bitcoin is not for anyone, it can cross borders. If you really want to own it, no one can stop you. Because of that, bitcoin is not a private money.

bitcoin can also be called private currency because if we have invested in the world of bitcoin we can get a lot of benefits that we can use as we please. so it's the same as personal money.

bitcoin is only private in terms of not showing the identity of the owner of the address and some crypto enthusiasts saw this as a problem since someone could still see your total asset of cryptocurrrrencies. This was one of the major reasons why masternodes came into place to ensure absolute privacy and anonymity.

It's the true definition of a public currency.
 Anyone can run and use Bitcoin unlike public stuff owned by most governments. It's trustless, uncensorable, transparent and immutablity.

PayPal is more of a private payment system for the dollar. So called Cryptocurrency like ripple and maybe stellar can be classified as private currencies.

Never heard that Bitcoin was private but instead i heard it is anonymous. Anonymous in a way that you wont be able to know the identity of the receiver or the sender of Bitcoin because transaction doesnt include name or any personal information of the sender or receiver of Bitcoin.

And last visit from op was in 2014. Replies doesn't affect him now but people need need to raise post count so comments are keep coming lol

I do not think private, all your transactions are tracked correctly on Blockchain! There are many ways to find your information! The best way is to use the law!
If not, you should choose and use another Crypto.

I think "independent" is more apt. We know that there is no central authority that governs bitcoin nor it is a corporation.

Since bitcoin operates on an independent manner free from traditional governing controls and works without any intermediaries such as a bank, its independence is quite notable.

But if to be asked whether private or public, i think it is more of a private currency since public has the common notion of belonging to the government.

It is private because you don't need  KYC type ID to set up a wallet. However, with the right tools and knowledge it is traceable. You'd need something like monero or privcy if you want a private coin.

In fact, more than 80% of bitcoins are in the minority of the number of bitcoin holders. And those same holders can manipulate the market, so new investors with a find and want to invest in bitcoin because it can lose a huge pile of money on it.

Bitcoin is a public blockchain with open source. And it is fully supported by enthusiasts. It can not be private. This is out of the question. But, the fact that states have an impact on the bitcoin price, as well as on all other currencies is a fact.

bitcoin can be said to be a private currency because many people use bitcoin safely and also monitor by the money holder itself, very safe and managed by the owner of the money itself.

yes I agree with your opinion.
Bitcoin Is Not Public in Transaction, the name of the sender and recipient or seller and buyer cannot be tracked by another person.
so I believe that Bitcoin is private.

Yes, that bitcoin will indeed keep the personal information we have and that is the advantage that bitcoin has. What I'm worried about now is that bitcoin is widely used for illegal actions. Bitcoin should be able to get regulation so the government has a rule to maintain the stability of the security of the use of bitcoin.

No I do not think so it's a private currency because bitcoin is known by everyone.
 so it is a not private currency.

what do you mean about private currency? i think bitcoin is the digital currency. bitcoin is not a private currency because it can be sue for all people that have the access to their own wallet.

Bitcoin is absolutely 100%  a public currency based on their mission and vision statement here in virtual digital system provided by Google and You tube. But now  Bitcoin will  experienced  a bad situation and they will trying to fix it and solve the current problem about the low price.

I agree with you. That bitcoin is a private currency. That's why Bitcoin is getting so popular. Which has become the famous currency of Bitcoin Crypto Market.

Yes Bitcoin is a private currency. Due to this some countries do not like Bitcoin. But due to the negative currency, the number of people connecting with Bitcoin is increasing every day.

Bitcoin is not meant to be a private currency ,rather it is created to liberate the masses from being extorted,exploited and subdue by  traditional institutions in the world.It is created to give the masses the power and finacial freedom they have been denied.
On the other hand,one must do kyc in big exchange if the person is a trader that trade and withdraw huge amount of bitcoin.The question is,what makes it private while your personal identity is registered on exchanges.
So,some people might call bitcoin private currency, but if you look inwardly,you will see bitcoin is not a full private currency.My opinion is,even though bitcoin transactions may not show your name ,but the exchanges you are trading on can still trace you using the identity you gave to them at the time you registered on their exchanges.
In some countries, one must present his bank verification number before trading on indigenous cryotocurrency exchange.

It's call crypto currency, a kind of decentralized currency not that kind of private you think of though.

I obviously agree with the OP on this issue. So many has made the mistake of thinking of bitcoin as a private currency probably because they know less about it

Here, I will support you. I do not think that Bitcoin can be called a kind of a private currency. It is the first decentralized crypto, protected well, safe and anonymous. I like BTC although it is not as fast as some alts.

No bitcoin is not a "private" currency.

of course not, sometimes people make cryptocurrency to trade, and it has an interesting function. well, it certainly isn't for private, even I think that it's not needed for a private project.

Purely legally, the words "private currency" does not apply to Bitcoin and other decentralized cryptocurrency. Bitcoin does not belong to any individual. However, bypassing Bitcoin, I think, may eventually be called a private currency because, as it seems to me, it will be used primarily by individuals. It is unlikely that the states, their bodies and business structures will widely use bitcoin in their activities due to its high price volatility.

There are many ways you can make a profit in the crypto world if you are interested in finding out that. Holding the type of coin that has the potential to generate little profit for the next few months.

I agree with this, but to think that it was independently running without the aide of government people seems to interchange bitcoin with a private currency, and clearly it was okay, but in reality Bitcoin is separated with government and should always be in the way that it will not be controlled by government but mainly be by the local people, which may be better since there would be no center of power here in this community.

I don’t think bitcoin is public and it is not private either. It's a new and unique currency. It stand alone.

What is meant by that? Like private because bitcoin is independent from a government? In this case it would be private if the system belonged to one person. But it not like that. So it is public.

Bitcoin has never been an anonymous currency. Even during the times when the Silk Road website was actively working - there were programs with the help of which the FBI could very actively and effectively track drug sellers and buyers. Now these programs are perfected, and therefore there is no talk about any anonymity in the Bitcoin sphere.

Bitcoin is a private currency said that in my opinion, because does not contorl by any countries government and people.even do not got tax cost anyone people and government.but unfortunately Bitcoin market volume can be contorl people and their buying/salesing processing.but most difficult to us so maybe it called a private currency.

It is in small amounts. I barely know any way to convert large amounts of BTC to fiat without showing my identity, so we can say that it's not fully private.

Bitcoin, I would say not a private currency, but completely free! Any person from anywhere in the world can use it.I believe, private,, currency is the one that is used by a certain state.And bitcoin is a completely different currency that essentially has no boundaries.

I really get the angle of which you stemming your poin from buddy, some may attribute the word public which is a opposite to private as something that is of governemnet and in that sense we may consider bitcoin as private currency meaning it has nothing to do with government. IF that be the case then we mean bitcoin as private currency is for one person or and individual and that also serves as wrong impression for bitcoin because we control and determine the value of itbased on our level of transactions with it. To me is not a private anything.

Bitcoin is a public currency hence there is no doubt.We should all see bitcoin as an amazing another currency which is capable of being used as currency for all business transactions.

If you will just be doing a Google Research for Private Currency, you can know why.

First off, private money is a currency issued by a private entity, be it an individual, a commercial business, a nonprofit or decentralized common enterprise. (https://en.wikipedia.org/wiki/Private_currency) Bitcoin is a crypto currency, hence it is a private currency since it is issued or developed by none other than Satoshi Nakamoto, the "private entity". It is also said that it is contrasted with the fiat currencies that is issued by the governments or central banks and Bitcoin is.

What is a private for you? What is a public? Bitcoin is not a private currency because all over the world it is very well known currency on the internet, so how would you call that a private or a public? Bitcoin is more popular than other currency by nation.

When i think about anonymity, i am thinking about we can create our own wallet without have to give any information about us. Not like a banks, we should give our information when opening banks but not with bitcoin.