Post
Topic
Board Bitcoin Discussion
Re: Apple CEO Tim Cook: “Your kids will not know what money is”
by
QuestionAuthority
on 03/12/2015, 01:55:00 UTC
http://dcebrief.com/apple-ceo-tim-cook-your-kids-will-not-know-what-money-is/

Of course he means paper money, as physical cash, coins and bills. If you know how to interpret things, you can already see where we are headed, and that's a world were there is no way to hide your money from a massive surveillance state. Bitcoin is our only hope at having an alternative economy that it's outside any goverment. The network is already robust enough to survive terrible attacks, nothing has worked against it thus far, not even trying to disrupt it from within, but we need to keep making it better, better obfuscation features as well.
I don't expect anything good from mega corporations like Apple and so on, so Bitcoin is our chance for an open source way out of that Orwellian nightmare.

You realize Bitcoin isn't really a replacement for the anonymity of cash, right? Bitcoin is a impregnable worldwide running ledger of every financial transaction that has ever occurred. The U.S. Government has already proven itself to be very adept at parsing the blockchain during the Ross Ulbricht trial and they will continue to get better at it.

Take a dollar bill or any other of the worlds fiat notes and tell me everywhere it's been since it was printed. Most people don't launder their money before they use it because they don't have to and when they use bank notes they are already anonymous. If Bitcoin replaced fiat every hooker, sports bet at a bookie or bag of weed you buy on the street will require laundered Bitcoins. How ridiculously inconvenient.

I think you aren't being up to date to what's being developed right now for Bitcoin. Sure, right now Bitcoin still's got a long way to go to improve upon it's anonymity features, but if you knew about some of the up and coming BIPs such as the number 47, you would know that all those goverments trying to track people's businesses through the blockchain are going to get harder and harder until it gets simply pointless to do so.

https://www.reddit.com/r/Bitcoin/comments/3tbw2j/reusable_payment_codes_could_make_blockchain/

That's not a valid solution unless you never expect to use a mobile wallet. It doesn't matter anyway. I will never trust some volunteer coder to protect me against an army of paid government coders when I could just use the cash that I know is anonymous.