2012-11-02 economicpolicyjournal.com - The European Central Bank on Bitcoins

[julz]

The European Central Bank on Bitcoins

Robert Wenzel
2012-11-02

http://www.economicpolicyjournal.com/2012/11/the-european-central-bank-on-bitcoins.html

I have finally had a chance to read in full the unsigned report by the European Central Bank that I mentioned earlier this week. The report is quite impressive.
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The anonymity feature  of Bitcoin is the feature that I believe could be the driving feature behind the potential success of Bitcoin. As world governments attempt to get in the middle of more and more private transaction, more and more buyers and sellers will seek anonymity. (I discussed this during my interview with Trace Mayer).
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[kjlimo]

I don't think the anonymity is gonna be the winning point... at least not on paper.

I think it will be the security to online transactions and international boundarilessness.

Just my two bits.

[julz]

I don't think the anonymity is gonna be the winning point... at least not on paper.

I think it will be the security to online transactions and international boundarilessness.

Just my two bits.

It was the potential globality and ability to reach the 'unbanked' which initially excited me and drew me to Bitcoin.

The anonymity/pseudonymity does strike me as an equally important feature though - even though for the bulk of my transactions its not much of a consideration.
That the option is available seems nonetheless important to me - even if only as a hedge against certain emergency situations.
(not necessarily for myself - but for it to be useful under certain regimes)
i.e I don't necessarily see it as the *main* 'drawcard' attracting people to Bitcoin - but it's still a required attribute in terms of global utility.