Bitcoin and anonymity (split from exchange thread)

[luckyindia]

Moderator note: split from https://bitcointalk.org/index.php?topic=664924.0

The first successful online payment system in the world was E-gold. The founders of E-gold were medical doctors who were extremely honest: But it had  ONE  drawback which was the reason for its downfall & Death -Permitting ANONYAMOUS transfer of fund from any person to any person without regards  to the local Laws of the Land which led to Promotion of ANARCHY,  CONFLICT & CRIME.Unethical people used E-gold for unethical transfer of funds. Poor Honest DOUGOLAS, founder of E-Gold is in JAIL today for violating Know ur customer Rules.BTC too has the same features of ANONYAMITY of E-gold,inviting the wrath of the central bank of every country.Thats the reason why BTC has a bad name and is being used for unethical activity. Any product / service must b used for society's progress only and not for any negative purpose.   Some experts are warning that BTC may go the E-gold way. Before this can happen, if the leaders of BTC Community give a thought about the Local Laws of the land, Know ur customer Rules, it will b nice.

[BTCIndia]

The first successful online payment system in the world was E-gold. The founders of E-gold were medical doctors who were extremely honest: But it had  ONE  drawback which was the reason for its downfall & Death -Permitting ANONYAMOUS transfer of fund from any person to any person without regards  to the local Laws of the Land which led to Promotion of ANARCHY,  CONFLICT & CRIME.Unethical people used E-gold for unethical transfer of funds. Poor Honest DOUGOLAS, founder of E-Gold is in JAIL today for violating Know ur customer Rules.BTC too has the same features of ANONYAMITY of E-gold,inviting the wrath of the central bank of every country.Thats the reason why BTC has a bad name n used for unethical activity. Some experts are warning that BTC may go the E-gold way. Before this can happen, if the leaders of BTC Community give a thought about the Local Laws of the land, Know ur customer Rules, it will b nice.

Man you're 'Lucky' indeed to know all these classified information.

[Benson Samuel]

The first successful online payment system in the world was E-gold. The founders of E-gold were medical doctors who were extremely honest: But it had  ONE  drawback which was the reason for its downfall & Death -Permitting ANONYAMOUS transfer of fund from any person to any person without regards  to the local Laws of the Land which led to Promotion of ANARCHY,  CONFLICT & CRIME.Unethical people used E-gold for unethical transfer of funds. Poor Honest DOUGOLAS, founder of E-Gold is in JAIL today for violating Know ur customer Rules.BTC too has the same features of ANONYAMITY of E-gold,inviting the wrath of the central bank of every country.Thats the reason why BTC has a bad name and is being used for unethical activity. Any product / service must b used for society's progress only and not for any negative purpose.   Some experts are warning that BTC may go the E-gold way. Before this can happen, if the leaders of BTC Community give a thought about the Local Laws of the land, Know ur customer Rules, it will b nice.

The distinct difference here is that Bitcoin is not centralized, which seems to have been missed in that bit.

[luckyindia]

The first successful online payment system in the world was E-gold. The founders of E-gold were medical doctors who were extremely honest: But it had  ONE  drawback which was the reason for its downfall & Death -Permitting ANONYAMOUS transfer of fund from any person to any person without regards  to the local Laws of the Land which led to Promotion of ANARCHY,  CONFLICT & CRIME.Unethical people used E-gold for unethical transfer of funds. Poor Honest DOUGOLAS, founder of E-Gold is in JAIL today for violating Know ur customer Rules.BTC too has the same features of ANONYAMITY of E-gold,inviting the wrath of the central bank of every country.Thats the reason why BTC has a bad name and is being used for unethical activity. Any product / service must b used for society's progress only and not for any negative purpose.   Some experts are warning that BTC may go the E-gold way. Before this can happen, if the leaders of BTC Community give a thought about the Local Laws of the land, Know ur customer Rules, it will b nice.

The distinct difference here is that Bitcoin is not centralized, which seems to have been missed in that bit.

  But BTC Mining, Rig manufacture is highly centralised...Technicians have BTC Monopoly !!

[Benson Samuel]

The first successful online payment system in the world was E-gold. The founders of E-gold were medical doctors who were extremely honest: But it had  ONE  drawback which was the reason for its downfall & Death -Permitting ANONYAMOUS transfer of fund from any person to any person without regards  to the local Laws of the Land which led to Promotion of ANARCHY,  CONFLICT & CRIME.Unethical people used E-gold for unethical transfer of funds. Poor Honest DOUGOLAS, founder of E-Gold is in JAIL today for violating Know ur customer Rules.BTC too has the same features of ANONYAMITY of E-gold,inviting the wrath of the central bank of every country.Thats the reason why BTC has a bad name and is being used for unethical activity. Any product / service must b used for society's progress only and not for any negative purpose.   Some experts are warning that BTC may go the E-gold way. Before this can happen, if the leaders of BTC Community give a thought about the Local Laws of the land, Know ur customer Rules, it will b nice.

The distinct difference here is that Bitcoin is not centralized, which seems to have been missed in that bit.

  But BTC Mining, Rig manufacture is highly centralised...Technicians have BTC Monopoly !!

So does gold. That doesn't stop people from using it.