Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XC][OFFICIAL] PoS/Privacy
by
adhitthana
on 08/07/2014, 23:24:12 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.

Thank you , for you put it in normal words for people to understand Smiley
Plus I just get a little pissed when people think that folks in cryptos are only in it to do ill deeds. To me that is a personal attack on my character, I dont take such things lightly. Ive tried to live a honest life for the most part, with a few bumps in the road, but over all like to think of myself as a good person.... and crap like that comes up.
The technology of BTC and other crypto's has tremendous benefits for humanity. Smiley