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Author Topic: We survived Fiat anonymity, Why not anonymous Cryptocurrencies?  (Read 134 times)
Ucy
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September 27, 2017, 08:28:25 PM
 #1

Anonymised money isn't a new thing in our society. Physical cash has always been kind of anonymous. No one could even stop you from spending your cash when he/she wants unless they are saved in centralized banks.

I find it quite surprising that people don't care that "governments" are doing everything possible to monitor what they do with their digital money (in this case cryptocurrency) thesedays. Just imagine it were in the real World of Fiat usage, the secret service follows you everywhere you go just to see what you do with your own money...wouldn't that creep you out especially these days government are being hijacked by few & highly secretive individuals?

We really should be worried that We are slowly handing over our future to few dangerous people, not really government.  

They are in total control of centralized digital currency. If they succeed in hijacking Cryptocurrency they could easily
monitor and ban whoever they want after eliminating cash . Then we will be in total policed World .
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thebanker28
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September 27, 2017, 08:33:51 PM
 #2

Anonymised money isn't a new thing in our society. Physical cash has always been kind of anonymous. No one could even stop you from spending your cash when he/she wants unless they are saved in centralized banks.

I find it quite surprising that people don't care that "governments" are doing everything possible to monitor what they do with their digital money (in this case cryptocurrency) thesedays. Just imagine it were in the real World of Fiat usage, the secret service follows you everywhere you go just to see what you do with your own money...wouldn't that creep you out especially these days government are being hijacked by few & highly secretive individuals?

We really should be worried that We are slowly handing over our future to few dangerous people, not really government.  

They are in total control of centralized digital currency. If they succeed in hijacking Cryptocurrency they could easily
monitor and ban whoever they want after eliminating cash . Then we will be in total policed World .

Governments, and in particular tax authorities have been very interested in de-anonymizing currency transactions for as long as I can remember. Just think about the fact that you cant go into or ut of most countries without declaring if you are carrying cash above a certain limit. You are forced to put most transactions through a bank, etc, etc

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September 28, 2017, 01:58:35 AM
 #3

The difference between physical cash and crypto-currency is that in the first case you need to physically move the banknotes from one place to other, which can be tracked by the authorities. But it is almost impossible to do that, if the transfer of money is done digitally. That is why I am saying that anonymous crypto-currencies (such as DeepOnion and Blackbytes) are much more safer than physical cash.

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November 25, 2017, 02:08:49 AM
 #4

Actually cryptocurrencies are far less anonymous than good old cash Cheesy
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