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Author Topic: Is anonymity a good thing for Bitcoin?  (Read 382 times)
_Miracle
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May 23, 2018, 11:34:22 PM
 #21

Is anonymity a good thing for cash?

This really isn't a legitimate question related to the thread. I'm not comparing cash with Bitcoin you could say I was comparing Paypal and credit cards to Bitcoin which can all be traced. You might think you've dumbfounded me by saying this as I've seen similar questions but should we really be comparing Bitcoin with cash in the first place? We all no how much of a failed system cash is.

I for one would like to strive for better things than cash.

Exactly what i am thinking! For their attacks on crypto anonymity to be valid, our fiat cash would have to be electronicly registering your identity each time it changes hands.
And there is no way to do that (even if ignoring cost to produce the bills) which the criminals are not likely to counter.

No. Such an ignorant statement. Any attacks on anything are valid you need to stop comparing cash especially when validating something. I'm looking to get discussion about Bitcoin and possibly offering solutions to the questions in the original topic. Not compare it to cash.

Cash is a failed system can we please not compare it? We should be striving to be much better than it.






Maybe you didn't like the way I answered your question.
But...

You think I'm trying to dumfound you by comparing bitcoin to cash?
Read Satoshi's white paper [again].
If you want it to be something else then create something else.
Digital cash is bitcoin.
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May 25, 2018, 11:19:48 PM
 #22

I think his opinions are quite based;
sure, who can deny anonymity is a good ground for criminality?
but, who can deny we've got billions and billions of fiat money involved in crime anyway?

it's hardly the 'make or break' factor for crypto.
Regular people don't deserve to have any aspect of their life analysed and tracked by anyone without transparency.
The ability to shop and trade without anyone telling us what we're allowed to do, is a must have in my opinion.
Yes, people can buy drugs, people can launder money.
So what? that's already done today, isn't it?

Everything we do is already logged and tracked, be it in commercial or 'law enforcement' aspects.
Phone's are constantly talking with the radio towers = GPS location tied to your identity (sim card),
everywhere we go online is logged by ISPs,
most things we do on various services and websites is logged permanently,
all our banking transactions are categorized,
all our purchases are saved,
and generally, all our information is used one way or another in commercial aspects.

I never buy any drugs or launder any money, neither does the absolute majority of the population,
yet we're all being watched. Since when is it the norm for the minority to control the majority?
In this case I'm referring to the actions of 'criminals' and 'terrorists' to affect all of us on every small aspect of life.

We have the right to our privacy, even if we're not criminal.
Yet we're all treated as criminals today.

In the end, we're all just human, the CEO, the President, the average person - as usual, the rich control the poor.
And now we have a chance of regaining some control, of course it's being challenged.

It seems more like a pretext to control the public's opinion to be against crypto, because it's the new financial movement,
which the current 'giants' doesn't like.

There'll likely always be criminals, and they'll likely always find a way to do their illegal business.
Are we all going to live with a little drone above our heads watching our every move?

We must retain anonymity in crypto, as far as it's possible.
Or will we one day have a 'public wallet' that we get our paycheck deposited into, which then the government verifies, and considering it's completely public, all our transactions can be analysed and we're back to square one.
What did we really accomplish then, even if it's 'decentralized' and no 'central entity' is in charge, we're still under the same control.. illusion of freedom again.

Maybe, in time, we can leave the current governmental system, and adopt a new one where there is no 'money laundering', and it's not illegal to buy drugs.
But at that point we'll probably have AI running the world and everyone can do as they like anyway.
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May 29, 2018, 09:04:03 AM
 #23

Bitcoin isn't really anonymous. Entities such as Interpol have been using it for over a year to track and arrest criminals and there are also start-ups/companies which have built bots to scan the Bitcoin blockchain and identify where money is coming from and who the bad actors are.
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May 30, 2018, 05:37:34 AM
 #24

Anonymity is somehow good thing and also bad thing for me, but generally I consider it as good thing, because of this characteristic we could able to use or make trandaction with bitcoin without having any taxes. But in my opinion it doesn't matter whether it is anonymous or not but the thing is it's decentralized.
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