UnicornFarts



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Full MemberActivity: 154Merit: 100 Traditional cash is more privacy oriented then bitcoin February 05, 2015, 05:02:11 PM #1



Quote Traditional cash is more privacy oriented then bitcoin because a record of the transaction isn't publicly broadcast to be recorded for all eternity.

Think it's pretty relevant in light of the Ross Ulbricht. Bitcoin is NOT anonymous. And if one mistake is made in the future it can reveal all of your past. Saw this today and think it sums up something I've thought for a long time that most bitcoiners didn't seem to get.Think it's pretty relevant in light of the Ross Ulbricht. Bitcoin is NOT anonymous. And if one mistake is made in the future it can reveal all of your past.

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oblivi



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Hero MemberActivity: 700Merit: 500 Re: Traditional cash is more privacy oriented then bitcoin February 05, 2015, 07:36:33 PM #4 What Possum said, its way more private and safe to transfer a big ass amount of money with BTC. The problem is it can raise alarms that such amount of money is being transfered.



But anyway this guy's problem was some stupid OpSec error as always, not the btc protocol's fault.



In any case, Monero is the way to go for true electronic cash. Get it with its cheap you freaks.

erikalui



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LegendaryActivity: 2128Merit: 1094 Re: Traditional cash is more privacy oriented then bitcoin February 05, 2015, 08:38:44 PM #5 Traditional cash is always handy and it is called black money as well as there is no record of any transaction while there is in case of using bitcoins. However, bitcoin price always keeps fluctuating and I fear that in the near future it may not hold any value compared to traditional cash.

CtrlAltBernanke420



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Sr. MemberActivity: 350Merit: 250 Re: Traditional cash is more privacy oriented then bitcoin February 06, 2015, 02:31:34 AM #8 it doesnt hold its value over time. Bankers print that shit like toilet paper. They don't care about anonymity cause they own the judges. They are free to commit murder and all sorts of crimes. They are trying to make cash illegal.. Even if its a pipe dream, they do not like the anonymity of cash.



Bitcoin can be made to be incredibly private. Just don't be an idiot who buys drugs directly from Coinbase wallet..





fonenumba



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Full MemberActivity: 412Merit: 100 Re: Traditional cash is more privacy oriented then bitcoin February 06, 2015, 03:13:14 AM #9 The problem is that it is possible to track cash covertly can be tracked/traced. Additionally in large amounts, cash is not fungible as you will need to provide documentation as to your identity as well as the fact that you legitimately own the cash when you are dealing with large amounts of cash.



This is not the same with bitcoin

slacknation



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MemberActivity: 93Merit: 10 Re: Traditional cash is more privacy oriented then bitcoin February 06, 2015, 06:06:14 AM #14 op is right, you can launder more money using cash than bitcoin,



oops then why are regulators trying to clamp down bitcoin by saying it's for illegal activities?



so it's actually the non bitcoiners that don't get it, not the bitcoiners



i thought it was unicornfacts for a moment

gogxmagog



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Ad maiora!







LegendaryActivity: 1442Merit: 1009Ad maiora! Re: Traditional cash is more privacy oriented then bitcoin February 06, 2015, 07:04:54 AM #16 There aren't a lot of situations I can think of where I would need total anonymity. I'm a law abiding, tax paying citizen. Trying to circumnavigate the system because I simply adhere to some high minded ideal of personal liberty is pointless for me. I do that kind of thing right out loud and in your face, consequences be damned.

I'm guessing most of the chest-beating anarcho capitalists here are just blowing smoke. If you really wanted to stay off the radar, why tout that here?

Be a f#%^ing grown up and pay your taxes

Blazr



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Hero MemberActivity: 882Merit: 1004 Re: Traditional cash is more privacy oriented then bitcoin February 06, 2015, 07:43:20 AM #18 Quote from: gogxmagog on February 06, 2015, 07:04:54 AM There aren't a lot of situations I can think of where I would need total anonymity.

You're right, normally when everything in the world is fine, then there isn't a pressing reason for Average Joe to need strong anonymity.



But when history repeats itself again as it always does and another Hitler eventually rises to power, modern day Average Joe will be screwed without anonymity. They would have incredible control being able to know where Joe is in real time because Joe voluntarily carries around a trendy tracking device in their pocket, be able to hear/read everything Joe says, be able to know almost everything about Joe, his personality his interests, be able to know everybody Joe knows, be able to know where Joe normally goes on an average day, what Joe normally buys and be able to prevent Joe from buying stuff by cancelling his cards/bank, be able prevent Joe from leaving the country with border patrol, and ultimately be able prevent any kind of attempt at a revolt by Average Joe. You're right, normally when everything in the world is fine, then there isn't a pressing reason for Average Joe to need strong anonymity.But when history repeats itself again as it always does and another Hitler eventually rises to power, modern day Average Joe will be screwed without anonymity. They would have incredible control being able to know where Joe is in real time because Joe voluntarily carries around a trendy tracking device in their pocket, be able to hear/read everything Joe says, be able to know almost everything about Joe, his personality his interests, be able to know everybody Joe knows, be able to know where Joe normally goes on an average day, what Joe normally buys and be able to prevent Joe from buying stuff by cancelling his cards/bank, be able prevent Joe from leaving the country with border patrol, and ultimately be able prevent any kind of attempt at a revolt by Average Joe. My PGP key: 0x5C34AC7629163393 || Keybase