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Author Topic: Is bitcoin a "private" currency?  (Read 2283 times)
A Feeder
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July 12, 2018, 03:07:41 PM
Last edit: July 13, 2018, 02:18:26 PM by A Feeder
 #141

I don't know if bitcoin is private currency because its not control by state so maybe its private but you will call it not private because many people free to use it and its public specially to the country accepted bitcoin, its better to call bitcoin private for our sake.
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Suguha
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July 12, 2018, 03:28:12 PM
 #142


I think it is wrong to call bitcoin a "private" currency.

On the contrary, imo bitcoin is much more of a public currency that any national currency is.

It is not private because anyone can use and can have it, bitcoin is a public currency because there is a lot of people who can earn and invest in bitcoin because in bitcoin you can earn even you do not have regular job because here is different even you do not use it in a month you can still have it and because are promoting as a pay system. (I guess)

Faeton
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July 12, 2018, 04:08:07 PM
 #143

on the contrary, I believe that bitcoin can be called a private currency because it is not controlled by the state
I agree. And not only because of this bitcoin can soon be called a private currency. Most likely, bitcoin will remain in use by private individuals. Legal entities and in general states are unlikely to actively use bitcoin because of its decentralized nature and, most importantly, its high volatility. They are likely to use centralized types of digital currencies, including their own.

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July 13, 2018, 08:29:24 AM
Last edit: March 14, 2019, 09:50:49 PM by jojohamasa
 #144

This depends on the private currency definition
the governments have a definition that governs things
Unlike us
Adam Waters
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July 13, 2018, 11:32:55 AM
 #145

Bitcoin is not exactly illegal, but it is very difficult to use in a legal manner, and most utilizations will be questionable, if not actually illegal. However, I think the concern about governments shutting down currency is a red herring, at least regarding the US government, which actually subsidized the Ithaca Hours system of alternative currency, via its Vista program. Governments aren’t nearly as emotional about currency as currency geeks think, and the issues they have are much more situational than philosophical.
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July 13, 2018, 11:35:51 AM
 #146

Bitcoin is not exactly illegal, but it is very difficult to use in a legal manner, and most utilizations will be questionable, if not actually illegal. However, I think the concern about governments shutting down currency is a red herring, at least regarding the US government, which actually subsidized the Ithaca Hours system of alternative currency, via its Vista program. Governments aren’t nearly as emotional about currency as currency geeks think, and the issues they have are much more situational than philosophical.

Trading, cashing out btc, accepting btc, paying with btc, all perfectly legal manners to use bitcoin are they not?
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July 15, 2018, 09:57:14 AM
 #147

I believe it is the essence of a heritage of the people and therefore does not have any role of nationality and religion. It depends from the point of view. If we feel like electronic money, it is a hybrid but definitely not private
salinizm
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July 15, 2018, 10:27:04 AM
 #148

According to me, bitcoin is a private currency because Bitcoin cannot be controlled by goverments, banks and any other legal forces. This makes bitcoin complete private.

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AriannaSantosUU
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July 15, 2018, 10:34:44 AM
 #149

Not so much private now since it's all over the internet. Though in a sense of privacy could be where and what it is used for and who owns them, and those informations are probably classified.
Emanammy
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July 15, 2018, 10:49:22 AM
 #150

No I do not think so it's a private currency because bitcoin is known by everyone so it not remains private.
Sweet Weapon
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July 15, 2018, 11:36:07 AM
 #151

I think the word private is not appropriate here for this bitcoin currency .. and the main thing is if something is used as private than it wont be able to do any kind of transfer / transaction .. SO there is nothing called private in the currency world ..

All kind of currency are used as a medium of transaction , so this is no way to make this things private ..
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July 15, 2018, 12:42:24 PM
 #152

No, Bitcoin is not a private currency. However, those who work here keep their identity private and that's why here the amount of scammers is more.And Bitcoin is not under anyone's control, independent. Anyone can be added and everything is free. So Bitcoin is considered as a public currency.

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Mofazzal840
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July 15, 2018, 01:05:55 PM
 #153

Though bitcoin is a digital currency, it is not public currency. For  this that many country has banned bitcoin for their state. So i can fluently say that bitcoin is a private currency.  Wink Wink
magmar
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July 15, 2018, 01:08:37 PM
 #154


I think it is wrong to call bitcoin a "private" currency.

On the contrary, imo bitcoin is much more of a public currency that any national currency is.


It isn't private since anybody can utilize and can have it, bitcoin is an open money on the grounds that there is many individuals who can acquire and put resources into bitcoin in light of the fact that in bitcoin you can gain even you don't have standard occupation in light of the fact that here is distinctive even you don't utilize it in multi month you can in any case have it and in light of the fact that are advancing as a compensation framework
colvis
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July 23, 2018, 10:28:21 AM
 #155

well, for me BTC is not a private currency rather it is a public currency. anything that can be used as a point of payment by different individuals is no longer suppose to be recorded as a private something. now there is a news saying that BMW now accepts BTC as a new point of payment which means it is not just a coin that is used in the digital world but it is coming and gradually turning into fiat.
what I am saying is that BTC is no longer a private currency but a digital currency for everyone.
PinkCities58
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July 29, 2018, 10:52:24 AM
 #156

Some people can't separate government and private. They should know it first.
GoodLife68
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July 29, 2018, 10:53:31 AM
 #157

I  think that btc is no more a private currency.
LocalZone09
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July 29, 2018, 10:55:44 AM
 #158

Private currency is used for an individual entity. Btc is not for an individual now its a new whole world baby.
RockLand97
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July 29, 2018, 10:58:05 AM
 #159

Btc is now a global product. It breached its cage more time ago. Now many government agrees btc as their alternate currency.
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July 29, 2018, 11:00:16 AM
 #160

I think that at the moment Bitcoin is more of an investment object, not a currency for which you can buy a product or service.

In Bitcoin investing capital, that would make a profit, of course with the skillful formation of the portfolio. Roll Eyes
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