[2016-11-01] Mint: Bitcoin isn’t anonymous enough to be a currency

[polynesia]

Bitcoin isn’t anonymous enough to be a currency

http://www.livemint.com/Money/mubueVNoEWLuEC79vw5QAP/Bitcoin-isnt-anonymous-enough-to-be-a-currency.html

The anonymity of bitcoin gained its myriad adherents among anarchists and drug dealers around the world. Now, though, it’s looking like the digital currency isn’t quite anonymous enough.

Consider the sudden popularity of Zcash and Monero, two new cryptocurrencies that offer confidential transactions. When Zcash first became available last week, demand was so strong that its founders temporarily became paper billionaires. Monero rose to fame after a popular marketplace in the dark web—the portion of the Internet where people sell everything from guns to hacking tools—added it as a payment option.

[jjjack]

are u talking anonymous group the hacker ?

[nizamcc]

Their point is correct that Bitcoins are not totally anonymous and those two cryptocurrencies provide us with what we have been asking for bitcoins, but these two cryptos are limited to Dark Web transactions only? I mean what is the advantage of having something completely anonymous that you can't even trace people earning with wrong things? Should we support dark web and terrorism? No, right?