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Author Topic: New Chart of Bitcoin's "Superhero" Features for Very Rich People  (Read 2521 times)
WiW
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June 24, 2013, 12:10:50 PM
 #21

Fast transactions in person should not say 10 to 60 minutes. Even if you wait 2 seconds your transaction has a better chance of getting through than pretty much any other mechanism (especially credit).

The amount of time you wait is arbitrary. "Confirmations" are not what make the transaction go through, only make it more implausible that they don't. See here.
Zangelbert Bingledack (OP)
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June 25, 2013, 09:35:32 AM
 #22

My point being that your chart is incorrect to say that Dollar/Gold holdings are "knowable" and Bitcoin holdings are "unknowable"...this is simply false..."technically" or otherwise.

Here's why I can't agree: If you get searched, your gold and dollar bills are find-able, hence knowable; as long as you simply make sure you know your private key, your bitcoins are not find-able nor is their existence knowable.
dserrano5
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June 25, 2013, 10:57:07 AM
 #23

I'd set bitcoin no-counterparty-risk to "Only if you hold it yourself".
FlappySocks
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June 25, 2013, 11:26:41 AM
 #24

The privacy part is somewhat subjective.  Bitcoin transactions are not truly anonymous.

I keep seeing all these new altcoins, but non of them (AFAIK) anonymizes and fixes the blackchain scalability problem.
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