A public ledger of transactions if augmented with more info about the transaction will certainly help to have a clearer understanding of where the economy goes. Instant statistics! probably an economist's wet dream.
The transparency of the blockchain will make it more difficult for Politicians to distort the reality. I think it is a great Idea (public ledger) on it's own.
I wouldn't easily discard that notion in searching for anonymity.
Using the example of a business owner, these are probably the most painful words I've ever had shoved in front of my eyes.
/snip/
The next step is real business money. The only way to invite this, I see, is by allowing privacy from competition.
In a networked services oriented economy, getting your business transactions transparent, is IMHO an absolute must for free market to work optimally
Remember you can also see what all your competitors are doing also, are the gains not greater than the loses?.
But that doesn't mean you can easily identify who, all you may know is that he is a competitor if anonymity or pseudonymity is working.
My gosh are you really still trying to convince us to put lipstick on a pig.
This will be the third or fourth time we've refuted this from you in this thread.
We don't want our private life on no public ledger for society to track us with. Period.
It is an
asymmetric weapon for Max Weber's canonical definition of governance as the entity that holds a "
monopoly on the legitimate use of physical force" to use against us. It will not give us any information we can use against those who capture the power vacuum of governance, because since the dawn of mankind they own the regulators and enforcers. This is an
Iron Law of Political Economics.
The police have been fighting crime since the dawn of mankind even though cash was anonymous and they didn't have a public ledger of all transactions.
Europe has a very low incarceration rate. Why? Because the people are well fed with debt. They were happy. But now this will all change as their debt levels are too high. Violence and crime will return.
A public ledger has nothing to do with the level of crime and deterrence. The police are in fact always the last to arrive on the crime scene.
Please don't raise this point again, unless you have some reasonable counter-point. This isn't a marketing thread as a repetition contest. It is an analytical analysis thread for smart people to figure out the truth.
I am not discouraging you from posting. But you don't win arguments by repetition. You win based on the validity and acuity of your analysis. I do change my mind when someone presents me with a superior logic.