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Author Topic: Is bitcoin a "private" currency?  (Read 2281 times)
mensahkkofie
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August 21, 2018, 06:27:12 AM
 #181

Bitcoin can be said to be a private currency in some aspects due its decentralised basis. Currently due to the increasing popularity of bitcoin and globalization, many people from all works of lives are beginning to appreciate how amazing  bitcoin is.
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August 21, 2018, 07:05:56 AM
 #182


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 seems to me that Bitcoin is not a privatr currency, Why? For me the definition of private meaning only you or a few people can know about Bitcoin like. But if you says Public meaning broad people know about Bitcoin so it was. We can not call Bitcoin as a private currency but a public currency because many people knew about this king of currency and some people now used it.

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August 21, 2018, 07:21:55 AM
 #183


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.


I think it is need to called "private currency" because even government do not access who's the members of bitcoin and who is the person who earning money on it.This is a great crypto because no one can access what you are doing in your bitcoin or who's the person sending your money. It is better than Gold because it's a digital and no one can steal it except when they got your wallet address.
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August 21, 2018, 07:35:44 AM
 #184

I think Bitcoin is online Crypto currency  Smiley Smiley

   Maybe this topic needs a little refreshment! This little joke about is Bitcoin private or public currency is more truthful than many other
comments. It is online crypto-currency, and like most online "things" it can be private if you wish it to be, or it can be public, choice is
yours.

My opinion is, Bitcoin is a real public currency, not that "Public= Government" currency.

   Public is not government. Bitcoin is for people to use it, it has to be public. I think some services needs to be public, Bitcoin can help
with that. Individuals have right to privacy, Bitcoin can help with that too. It`s one of the great things about Bitcoin, it can be what
ever you wish it to be.

 
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beniesyde
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August 21, 2018, 07:45:17 AM
 #185

Bitcoin is not a private currency. Currently, investors in bitkoyne were the majority of the public. But on the other hand, I heard that some people bitkoyn probably is a private currency, because he does not keep the government and has no tax ...
Uad
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August 21, 2018, 07:59:39 AM
 #186

Bitcoin is not a private currency, because everything that is in your wallet is open, people can see how many tokens you have in your wallet, where you are going to transfer them. We all know that this decentralized crypto currency is made using blockchain technology. That is why the state is opposed to this crypto currency, because they want to have a currency that they can control.
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August 21, 2018, 08:04:12 AM
 #187


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.









I think bitcoin can classified as "private currency" because if you have bitcoin no one can trace that you have it even government cannot determine who are the people who have bitcoin. Yes, bitcoin knew in many countries but no one can know who are the people who have it. So that I conclude that bitcoin is a private currency.
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August 21, 2018, 08:07:38 AM
 #188

Nope. I highly disagree with this statement. Bitcoin is pretty much public that any currency. They called it private because that is what it meant. But for as years past by, it is no longer private, because many people consumed this. moreover, there is a lot of cryptocurrencies considered as public than this one.

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GotNow
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August 22, 2018, 12:34:15 PM
 #189


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.


You can't call bitcoin is a private currency because it's one of the famous and most of the top crypto currency runming in world og online bussiness. Bitcoin is not a private also because most of the people here in crypto use bitcoin to earn.
Tszone
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August 26, 2018, 09:33:09 PM
 #190

Bitcoin, by contrast, is anonymous but not private: identities are nowhere recorded in the bitcoin protocol itself, but every transaction performed with bitcoin is visible on the distributed electronic public ledger known as the blockchain.
Heavens Gate
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August 26, 2018, 09:36:18 PM
 #191

No. Bitcoin is not for private users neither is it a private currency, it is a new way of making transactions and settling bills using virtual currency .
FlexBrah
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August 27, 2018, 04:44:32 AM
 #192

this is not quite true. Having tracked a specific address for incoming and outgoing transactions, I think such institutions as law enforcement agencies can reach a person in this way.
Apiapik
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August 27, 2018, 04:50:21 AM
 #193

We cannot call Bitcoin a private currency but a common currency because many people know about this king of currencies and some people now use it.
For me the definition of personal meaning is only you or some people who can know about Bitcoin. But if you say Public means people know about Bitcoin.
Syarief28
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August 27, 2018, 05:07:07 AM
 #194

if I think that Bitcoin is not for personal currency.
because some people also want to make it legal and accept the government for bitcoin.
and bitcoin is the world currency, which does not see a country with the same currency value, and can also be used in every country without any difference.
MrCrank
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August 27, 2018, 05:51:49 AM
 #195

My opinion is, Bitcoin is a real public currency, not that "Public= Government" currency.


Agree with you.
why do you think that Public=Government?
I think these things is different.
AfterHot542
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August 27, 2018, 06:16:12 AM
 #196

It is also right that bitcoin is not public currency and on the other hand it is also right that bitcoin is not personal currency so we can call bitcoin privet currency.
kylepos
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August 27, 2018, 06:16:21 AM
 #197

Bitcoin is not you actually say private. Why? All of us can use bitcoin as long as your willing to know how to understand using it.
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August 27, 2018, 06:22:53 AM
 #198

Bitcoin is not really a private currency, not also as public currency which is run by the government ,but any people can join, buy ,sell ,transact the bitcoin ,it is not privately own by one person or company or any business sector ,it is just public can join and invest the normal way.
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August 27, 2018, 08:11:34 AM
 #199

bitcoin is a public currency with personal control, personal rules. if bitcoin is a private currency, the public will not use it. everyone can use Bitcoin with their own rules. so it's like a letter, you can see the cover but can't see and read the contents. very easy with the rules themselves.
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August 27, 2018, 08:41:23 AM
 #200

I think why some people call is private currency is because it has not been accepted globally by central bank . To us investors, users and traders of bitcoin it is not a private currency.
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