Quote from: imstillthebest on June 29, 2019, 12:04:45 PM

Quote from: Electric4 on June 29, 2019, 02:05:45 AM

To me is that it can be anonymous. That if you just don't want certain entities not to know how much money you have, you can have it on a piece of paper, or in your computer.

but what if they will search your name or your bitcoin address on a bitcoin explorer ? they can still see your balances and transaction because bitcoin is not that anonymous . if you want real anonimity then go on private coins like monero . by the way , the most valueable benefit that bitcoin gave me is profit because i use my bitcoins as an investment tool and i can earn regular profits with it but aside from that , i also use my bitcoin as a payment method when i need to gave money for my family as they also have a bitcoin wallets installed on thier phone and they are far away from me .

That's why I said that it can be unanimous. Particular for a regular person that's just trying to stay private. As apposed to a high target person who the feds are willing to spend a lot of money and resources tracking.

For example if a person loses their job and is applying for food stamps. The food stamps people will know how much you have in your bank account, but not beyond that.

But yeah, privacy coins for the win.