Bitcoin Forum
May 11, 2024, 02:49:29 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Why Bitcoin Must Die. Long Live Bitcoin 2.0.  (Read 2545 times)
hostmaster
Sr. Member
****
Offline Offline

Activity: 266
Merit: 250


View Profile WWW
February 12, 2014, 02:05:43 PM
 #21

It's certainly one of the biggest problems Bitcoin is facing.
agreed, its also our problem!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
sickpig
Legendary
*
Offline Offline

Activity: 1260
Merit: 1008


View Profile
February 12, 2014, 02:30:23 PM
 #22

Quote
Why not today’s Bitcoin? Because the digital currency of the future must choose between two mutually exclusive paths. It can either be anonymous, enabling black market transactions in the shadow economy, or it can be fully compliant with the growing body of know your customer, anti-money laundering laws that constrain global financial markets. A single digital currency cannot do both.
Because transferring cash between 2 persons is not an anonymous transaction.  Roll Eyes


Fungibility is a fundamental property of any currency. All satoshis are created to equal. I think that customer's identity issue has to be dealt with at the payment level, a layer above btc core functionality. if you a few time to spare just listen to Adam Back interviewed by Andreas M. Antonopoulos. Among other things they they spoke about fungibility and other related topics.

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!