Post
Topic
Board Bitcoin Discussion
Merits 6 from 2 users
Re: A treatise on privacy
by
Sanugarid
on 14/07/2020, 13:29:59 UTC
⭐ Merited by suchmoon (4) ,fillippone (2)
There are a continues fight against privacy from all governments, even against their own Fiat cash. People are absolutely obsessed with Bitcoin's anonymity or should I rather say pseudo anonymity, but they forget that cash is even more anonymous than Bitcoin.  Roll Eyes
I have to disagree with that, cash isn't as anonymous as bitcoin. Cash is person to person transaction which the government can easily identify where all your money goes just for asking and reviewing all your movements, unlike in bitcoin? You could create thousands of wallet in several clicks, transact seamlessly without anyone knowing that you are already doing it. Cash will be only anonymous when you transact with your eyes closed, you forgot that government has all the power.

Pseudo anonymity is absolutely critical for Bitcoin, because it hides your financial information from criminals. All transactions is transparent on the Blockchain, so it puts us in danger, when those transactions can be traced back to our savings and our wealth.
My question is how could they do that? And also, living in the blockchain does not mean that you need to loosen your guard right?

Satoshi designed Bitcoin to offer pseudo anonymity to protect people's wealth. It is their own decision if they want to void that by using third party regulated services.  Roll Eyes
Indeed, and I suspect Satoshi has a vision that bitcoin is going to places where we don't see it now.