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Author Topic: Is bitcoin a "private" currency?  (Read 2283 times)
maaydin
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March 21, 2018, 11:29:45 PM
 #21

well if you need the address of a person than it is not private any more and everyone can track you which makes it a public thing and in my opinion blockchain will make us more dependent and more open publicly to the governments
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ross09
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March 21, 2018, 11:57:53 PM
 #22

well technically bitcoin is a private currency  because it is not run by governmeny nor under central bank. every establishment or  real state etc.can be consider as a public property it is run by government but since government is against bitcoin then its private, but can you imagine how our life will be more easier if bitcoin will be accepted be all government worldwide and will releasw also by central bank.. the much more benefits is in society still why..theres a lot of thing that we benefit by bitcoin.. getting easy job making extra money at the same time learning on how our economy runs.. it is not about just one countries but it is benefit of all countries. if I hope all the negative news about bitcoin will stop now ..because theres a lot of people exertung their effort just to learn more about bitcoin not just to earn trade or anything but to learn  new thing from bitcoin.
candolbitcoin214
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March 22, 2018, 12:04:20 AM
 #23

on the contrary, I believe that bitcoin can be called a private currency because it is not controlled by the state
Is it? How can it become private when it can be own by everybody? It is Peer to peer, peer to group, group to peer, company to company. It can't be private when everyone can access it.
jhezmark
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March 22, 2018, 12:16:18 AM
 #24

This bitcoin is not private currency .
because some people want to be legal and to accept the government  the bitcoin.
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March 22, 2018, 12:18:44 AM
 #25

if the BTC is a personal currency used and controlled by the global elite, I think it could happen
Evidently, the whale players, can play the price by utilizing the news and his ability to change market prices

Sudarmoon
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March 22, 2018, 12:27:31 AM
 #26

I think bitcoin is the world's currency and not just a personal currency, bitcoin currencies are very well applied to the general world.
dedelp01
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March 22, 2018, 12:30:59 AM
 #27

I think its not, all people can have the opportunity to own bitcoin so its not private.

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March 22, 2018, 12:35:40 AM
 #28

it is a private currency owned and used by public. Though it is commonly used by public, it cannot be called a public currency since the control of it doesnt came from a government, instead it came from a private person who is until now is still anonymous.
Blackrain13
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March 22, 2018, 12:47:58 AM
 #29

             I think in my own view Bitcoin is a private currrency because it is decentralized which means free from government even it is use publicly by the community. It is not hold or issued by the government because if bitcoin is called as public currency,government has a full control over it.

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Shimmiry
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March 22, 2018, 12:52:17 AM
 #30

It is not owned by any higher entity so it is not private. After all, why would people call bitcoin a decentralized currency in the first place if it is all coins came from a single person and is manipulated by the said person? Bitcoin is made public because it is originally meant to be the official currency of the future.

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March 22, 2018, 01:27:43 AM
 #31

Bitcoin is not a privite currency, becouse everyone of us can take a part of bitcoin. That's why it is decentralized it is peer to peer. But in the other side it connot be could a public currency becouse no one own bitcoin.
wilson_bitbybit
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March 22, 2018, 01:36:35 AM
 #32


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 pseudonymous currency sounds more appropriate.

But if this is not enough for you, you just have to wait for features like MimbleWimble. It can make Bitcoin much more anonymous.

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March 22, 2018, 02:04:40 AM
 #33

on the contrary, I believe that bitcoin can be called a private currency because it is not controlled by the state
but this is one big thing that matters now,since we are not controlled by states,countries are pushing policy towards our community here,and because of this PRIVACY were facing many issues now and most of this are seriously needed an action..maybe we can do good moves so pursuing us will stop now.
378budiman
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March 22, 2018, 02:13:51 AM
 #34

At first, the knowledge of bitcoin is hidden and it seems private currency. But unfortunately, now all the public are starting to inverse in bitcoin, better call it a public currency.
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March 22, 2018, 02:26:56 AM
 #35

I think Yes, its private as well secret. Noone wants to show how rich he is
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March 22, 2018, 07:09:27 AM
 #36

Because in my country bitcoin has not been fully acknowledged, then i think it could be a personal currency because its usefulness is still limited and only fellow commodities can use it.

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March 22, 2018, 07:22:15 AM
 #37


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 a dictatorless, permissionless, and borderless currency. It has been the same for the past 11 years.

Bisul
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March 22, 2018, 07:36:49 AM
 #38

can not be a private currency, because bitcoin is used by the public. and only a few know about bitcoin.
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March 26, 2018, 09:09:16 AM
 #39

Bitcoins and other crypto-currencies are private and open systems. Their ideology is that anyone can become an issuing center. Classical monetary mechanisms, on the contrary, are centralized: central banks are responsible for the issue.
NashAmajh
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March 26, 2018, 09:22:01 AM
 #40

Of course Bitcoin is a private currency. actually it is the most secure cryptocurrency.no one can hack it or do any illegal thing with it. so you have not to worry about the privacy or security of Bitcoin just invest in Bitcoin now and starts to get profits.

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