Earlier quoted context omitted.
Bitcoin stores every single transaction that ever happens in a public ledger. Not only is it not private but it also will not scale for microtransactions on a massive scale.
> Bitcoin stores every single transaction that ever happens in a public ledger. Ok, I admit I'm not a Bitcoin expert. But if I buy Bitcoin with cash, or mine some myself, is this really a problem?
Even without that, enough usage activity means a shadow profile can be inferred that is effectively tracking you, just without a specific name. FINCEN has been developing this type of technology for decades.
And this is magnified when you're talking about essentially penny transactions - unless your cash bitcoin dealer is willing to see you every week for another $2.
"Anonymity" means little in the context of ecash. The property we're really looking for is untraceability, which bitcoin does not have.