Is bitcoin a "private" currency?

[Suguha]

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)

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[Faeton]

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.

[jojohamasa]

This depends on the private currency definition
the governments have a definition that governs things
Unlike us

[Adam Waters]

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.

[drm]

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?

[beinformed]

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]

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.

[AriannaSantosUU]

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]

No I do not think so it's a private currency because bitcoin is known by everyone so it not remains private.

[Sweet Weapon]

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 ..

[kolbalish]

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.

[Mofazzal840]

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.  

[magmar]

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]

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]

Some people can't separate government and private. They should know it first.

[GoodLife68]

I  think that btc is no more a private currency.

[LocalZone09]

Private currency is used for an individual entity. Btc is not for an individual now its a new whole world baby.

[RockLand97]

Btc is now a global product. It breached its cage more time ago. Now many government agrees btc as their alternate currency.

[Kertmu]

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.

[ExceedBlue012]

I think its not private currency, With over 300 billion market capital its now a global currency.