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Author Topic: Is bitcoin a "private" currency?  (Read 2281 times)
Redredred
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June 24, 2018, 05:48:11 PM
 #81


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 part of the visions Bitcoin to bring about a revolution in the world finances and money control. Bitcoin cannot achieve this vision if the digital currency is private or is utilized by a small percentage of people in the world.
Bitcoin should be as public as it can be.
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szpalata
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June 25, 2018, 06:56:00 PM
 #82


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 depends on what you call "private" but, if it's the same as we all understand in the English language then I'm tempted to ask "how can a currency be private ?". We interchangeably use money as it moves from person to person so how can it be private?
levvv
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June 26, 2018, 02:31:10 AM
 #83

I think bitcoin is not a private currency. It is a decentralized currency though. I believe satoshi nakamoto want bitcoin transparent, so everyone can trace every transactions of bitcoin.
If you interested in private currency, you may want to look into private coins like XMR or XVG.
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June 26, 2018, 02:59:46 AM
 #84


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 public since the public owns the nodes and miners. Although they are considered by state as private individuals.

pompinkpomelo
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June 26, 2018, 03:13:27 AM
 #85

No it's not at ALL. Especially if skilled people are trying to uncover who you are. Hopefully we can fix this.
cavs23
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June 26, 2018, 03:15:23 AM
 #86

For me Bitcoin is not private in the fact that its decentralized and anyone interested on it is welcome to use and join it. But no matter what let just take it as a private currency to have our privacy.
Toraokun
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June 26, 2018, 03:18:11 AM
 #87

No bitcoin is not private currency, because many people using this currency. Sadly government did not support this currency

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bishopcrypto
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June 26, 2018, 12:01:37 PM
Last edit: July 09, 2018, 12:45:18 PM by bishopcrypto
 #88

Bitcoin is less private than an ATM transaction. It is pseudoanonymous, but you can trace BTC with a little effort.

Privacy coins like Dash, Verge, Monero, Zcash are better options for privacy.

Or you can try using a BTC mixer, but then you have to trust the people mixing for you...

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venessamatra
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June 26, 2018, 12:07:23 PM
 #89

I am also agree with you
tripto
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June 26, 2018, 12:11:38 PM
 #90

Yeah you are right
mineko
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June 26, 2018, 12:34:37 PM
 #91

I think bitcoin is not a private currency, because the bitcoin currency of the people because now many people use bitcoin for currency, but not personal currency.
BitBite5
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June 26, 2018, 12:41:01 PM
 #92

It's not the private currency, if your question is targeted on ownership of bitcoin. It doesn't belong to only one person or group of persons. It belongs to everyone who can use it. And it's being made with intention to have some general public role so that everyone who can afford it or earn it, can use it. At least I see it like that.
Also if you think about the privacy of the user this is also very relative question because if you are a bitcoin user you can't fully protect your privacy and use bitcoin completely anonimously.
billsted86
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June 26, 2018, 07:57:07 PM
 #93

I think Bitcoin is not a private currency. The holders, investors in bitcoin now public. At first the knowledge about bitcoin was hide and look personal or private currency. But it is very sorrow that, now all the public start to invest in bitcoin.It's  call as a public currency.
TimesVeronica
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June 28, 2018, 09:57:37 AM
 #94


btc maximum community community is deepweb.
HukoJla
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June 28, 2018, 11:49:50 AM
 #95

Whoever invented bitcoin, it has nothing to do with those who own it today. In fact, this is the newest financial instrument, which is much more profitable than the American dollar. In fact, this is a private currency, the owner can raise and lower himself as he pleases, constantly receiving income (since he plays tagged cards)
raybut37
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June 28, 2018, 11:58:24 AM
 #96


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.


Yes bitcoin is a common currency that accepted by so many countries world wide and aside of being a digital currency it can be used also as an investment and might become more profitable once the market price is increasing.
lani123lani
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June 28, 2018, 02:24:44 PM
 #97

But I heard some people. bitcoin is probably a private currency because he is not held by the government and has no taxes. so personally called a personal currency.

teterinal
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June 28, 2018, 03:08:47 PM
 #98

I think we cannot say bitcoin private or public in a sense that it is available to everyone but also we need to buy it in order to have one
coinnumber
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July 03, 2018, 09:44:34 PM
 #99


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.


Yes bitcoin is a common currency that accepted by so many countries world wide and aside of being a digital currency it can be used also as an investment and might become more profitable once the market price is increasing.
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To my observation and research Bitcoin is partially private because not everyone has access to it even here in the blockchain or crypto community many of us don't have bitcoin. According to the research I carry out it says that bitcoin is an unregulated digital private currency created by Satoshi Nakamoto in 2009. Though it's acceptable by some countries why many keep avoiding it to secure their economy and citizens.
Ozero
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July 04, 2018, 10:47:35 PM
 #100

Bitcoin is not a private currency, because no one can claim it. We know that it was created by a person or a group of individuals under the pseudonym of Satoshi Nakamoto. However, this person or persons actually remained uninstalled and do not pretend to be the inventor of crypto currency. Therefore, everyone knows that the crypto currency has no owner. Proceeding from this, it can not be considered the property of a certain person or persons, and therefore can not be considered private property. At the same time, bitcoin is created with open source code and everyone can use it to create their own crypto currency using bitcoin history. This also indicates the complete decentralization of bitcoin and the absence of its owner.

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