Post
Topic
Board Bitcoin Discussion
Re: Cyber attacks are good for Bitcoin
by
PETES
on 04/11/2018, 11:08:26 UTC
bitcoin won't fix the fact that businesses often require your personal information, and they don't protect it.

but also companies are requiring your personal information Because they are using credit cards,... in other words it is what the fiat world demands. but using bitcoin they won't need that kind of information anymore so in a way using bitcoin can fix that.

Then there come legalities wanting to stop bitcoin because they can't tax people using it. Because in the first they don't know who that is.

I don't quite understand how they will use blockchain to safe private data. Bitcoin is a public ledger right?

If they will only use blockchain as record of activity storage, where they will use keys/ids for each record/activity and keep the real records privately, isn't that the same thing?  Huh

It's true so this whole thing is absurd and will just make traditional ways be so complicated.
More likely there will be no such safe place to store as the hackers are so just damn clever.
We never know if this whole hacking issue was an inside job or not. Things are getting shady every time.

Well as for the title, it confuse the hell out of me.