is bitcoin is a private currency

[Leyss]

I think bitcoin is a world currency not a private currency and because he does not hold by the government and does not have tax.. and i am agreed for this currency. so all people are wrong tell us bitcoin is a private currency.

I have not even heard of anyone claiming that bitcoin is a private currency. In a purely legal sense, such an assertion would be incorrect, because bitcoin does not belong to any private person. With such an expression, one can agree that bitcoin will be used primarily by private individuals. States or government agencies are unlikely to make extensive use of bitcoin.

[bajigur894784]

There are many misunderstandings. Some people interpret the public as a government. In that sense it is clearly not. Most government matters are not public. And many non-government matters are not personal.

[Oceat]

I think bitcoin is a world currency not a private currency and because he does not hold by the government and does not have tax.. and i am agreed for this currency. so all people are wrong tell us bitcoin is a private currency.

I have not even heard of anyone claiming that bitcoin is a private currency. In a purely legal sense, such an assertion would be incorrect, because bitcoin does not belong to any private person. With such an expression, one can agree that bitcoin will be used primarily by private individuals. States or government agencies are unlikely to make extensive use of bitcoin.

Not every country are accepting Bitcoin as a legal digital currency but it is not a private currency. A private currency can be owned by any private or non-private organizations, on such details Bitcoin doesn't fit in to this status as Satoshi didn't own it but he releases it as a public digital currency with the help of blockchain, all the transactions are being recorded and can be viewed publicly.

[goaldigger]

 I really dont understand what you wanted to say but i will explain it to you this way. Bitcoin is considered as a private currency if and when yiu have a portion of it in your wallet. It can be used worldwide and the government does not have a control with it depends on the country you have.

[Zalura]

I know that this is not private because everyone can invest in this coin, and the bitcoin can enter the whole country. so I can not say it's a private currencies.

maybe what is meant by personal, it seems that bitcoin ownership is not in one particular bank or depends on one particular country, but for the use of bitcoin it is general and global can be used anywhere unlike paper currency that must be opened first into the eye destination country money

[jayem.2015]

Hi there! I think Bitcoin is not a private currency. Its a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet.I hope it helps.

[marcbitcoins]

I think bitcoin is a world currency not a private currency and because he does not hold by the government and does not have tax.. and i am agreed for this currency. so all people are wrong tell us bitcoin is a private currency.

I think no one said it was a private currency except if you have links. Even Satoshi did not claim it was a private after he invented and that is why we all enjoying it. Anyway it is true that it was world currency but only for investments but not for spending because not all people and not all nation welcome it.

[KorakPawon]

Whether bitcoin is private currency or not, I assume that bitcoin is a currency that we can use privately. easy process with free tax and without any government involvement will be a favorit one, since we can use it under our own control with no worries and no procedural things. It use widely, as the world currency, that's why people love it.

[St4yInTh3D4rk]

Whether bitcoin is private currency or not, I assume that bitcoin is a currency that we can use privately. easy process with free tax and without any government involvement will be a favorit one, since we can use it under our own control with no worries and no procedural things. It use widely, as the world currency, that's why people love it.

The bitcoin transactions are not completely tax free because there are some governments like USA are tracking the bitcoin usage so the user needs to pay the appropriate taxes or you will face the legal consequences,but we can use it on our own without banks help so it can be considered as private money in that case.But still people don't use it for the decentralization they are using its for their speculation.

[Ridwan Fauzi]

I think bitcoin is a world currency not a private currency and because he does not hold by the government and does not have tax.. and i am agreed for this currency. so all people are wrong tell us bitcoin is a private currency.

Privately that you mean is not bitcoin used or regulated by one government or one company. But privately that is meant by bitcoin you can use freely without a government that will regulate all the systems in bitcoin. Even with a decentralized system all users can make an invasion related to bitcoin so that bitcoin can be accepted by many people.

[richminded]

I think bitcoin is a world currency not a private currency and because he does not hold by the government and does not have tax.. and i am agreed for this currency. so all people are wrong tell us bitcoin is a private currency.

Bitcoin is not a private currency because everyone can own this coin and there is no private company who controls bitcoin. Though its purpose is to make transactions privately or anonymous this coins can still no be consider a private coin.

[oriontab]

Bitcoin is not a private currency if the term is used to describe an entity that is owned by a group of person as we do we companies or the likes, the code is open sourced and therefore available to all.

[Aikidoka]

Who told you that bitcoin is private currency? I've never seen anything like that. Noone actually own bitcoin, even Satoshi, yes he owns a lot of coins, but he putted the biggest part of coins into a free shipping to make the life of people like us a little bit better and wealthier.

Satoshi made the biggest achievement in the human history. By creating bitcoin, people would stop relying on corrupted banks. But anyways, the government would not allow it easily. Although bitcoin is still used for dark purposes on the dark web, there are many other people who are using it for good purposes and for purposes that cover their needs in real life. Thanks to bitcoin, many people got happier and now they are moving forward with life.

[Kris34]

I think bitcoin is a world currency not a private currency and because he does not hold by the government and does not have tax.. and i am agreed for this currency. so all people are wrong tell us bitcoin is a private currency.

I agree with you, bitcoin is a world currency that can unite all and reach a new economic level.

[btc-facebook]

Yes, it can be use it in that way so it's depend on how people use bitcoin.
Personally I use for investment purpose, some people may use it to purchase goods that prevent them from their local tax.

Yes, it's possible !

[KorakPawon]

it is clear that bitcoin is not a private currency, the reason is that bitcoin is not owned by a single country but bitcoin is used in almost all countries, all citizens in all regions / countries know the name bitcoin, but the problem is that there are also countries that have not received bitcoin, the reason is not yet known.

[Tigorss]

if bitcoin becomes a personal currency, then maybe only a private country is not possible to spread in all regions / countries, so if there is someone who claims that bitcoin as a personal currency is wrong.

[Claudyah]

I think bitcoin is a world currency not a private currency and because he does not hold by the government and does not have tax.. and i am agreed for this currency. so all people are wrong tell us bitcoin is a private currency.

At least now bitcoin becomes an individual currency if indeed in its country it has legalized it, because some countries still have not accepted it for the entry of bitcoin, maybe someday it will happen to become the world currency, because it will be very easy to trade or buy the country into the country other things

[Faeton]

I think bitcoin is a world currency not a private currency and because he does not hold by the government and does not have tax.. and i am agreed for this currency. so all people are wrong tell us bitcoin is a private currency.

Bitcoin can not be considered a private currency, since it does not belong to any private person. He does not belong to anyone, no one has a patent for his invention.
However, bitcoin can be called a private currency in the sense that it is more used and, apparently, will continue to be used by private individuals, rather than state structures and even by not very active business structures due to its high price volatility.

[candra raditya]

I think bitcoin is a world currency not a private currency and because he does not hold by the government and does not have tax.. and i am agreed for this currency. so all people are wrong tell us bitcoin is a private currency.

I think bitcoin is a community currency without certain boundaries, bitcoin is a global currency that can be used by the whole world.