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Author Topic: Doing business anonymously  (Read 387 times)
maxr3nn
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November 21, 2013, 09:31:47 PM
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A lot of Bitcoin related commercial services/products are run anonymously or pseudonymously to be precise. In other words, the real identity of their owner(s) is not publicly known (http://www.walletrecoveryservices.com/ comes to mind). I am currently working on launching a Bitcoin related business and am debating which route I should take: transparency vs anonymity. It seems both approaches have pros and cons.

Transparency:

+ Easier
+ Users are more likely to trust you
- Bitcoin being still in a legal grey area: increased risk of being bullied by government
- Loss of personal privacy

Anonymity:

+ More aligned with Bitcoin's philosophy
+ Lower risk of getting hacked / scammed / physically robbed
- More difficult to gain and maintain trust of users

Am I forgetting anything? What are your thoughts?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin-Qt, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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bitbillion
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November 21, 2013, 09:44:05 PM
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what type of business you tryin to do??

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