Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XC][OFFICIAL] PoS/Privacy
by
adhitthana
on 08/07/2014, 23:03:13 UTC
As you mentioned correctly, I being idiot, has medical reasons to collect taxes at large. So I throw you to jail ))
Joking apart, where is X11coin's superior anonymity compared with Bitcoin's one? All the offer I see is just decetalized mixing feature, that may save from Drug Enforcement Administration, but can not defend from Internal Revenue Service.
Where I misunderstood? Why Bitcoin is not sufficient?
I don't think anyone is advocating not paying taxes or hiding stuff from the taxman. The problem with Bitcoin is that if someone knows your address then they can see an awful lot about your financial situation.
A lot of people don't want their finances to be that open to (potentially) anyone, but that doesn't mean they want to avoid legitimate taxation.
So Bitcoin is good, but it's potentially a bit too open for a lot of people.
XC is a coin that can deal with this. And it may be the best one, we can't say for sure yet as there is alot going on in this space, but a lot of things about it and the team deserve IMHO serious consideration,.