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This is why I can't take Bitcoin seriously. The privacy implications are insane.
Why is privacy a necessary property of a "serious" currency? Just because that's the precedent doesn't mean it's the 'right way'.
Earlier quoted context omitted.
What do you mean exactly? If you want, you can say which addresses are yours. If you don't: privacy!
Without running through a mixer, aren't one's transactions are vulnerable to being followed through the network of addresses back to the point of origin, and forward to the destination?
This is why I can't take Bitcoin seriously. The privacy implications are insane.
Edit: got curious and found an answer: http://bitcoin.stackexchange.com/questions/2847/how-long-wou...
If I understand correctly, it's still not viable even if you tried your brute-forced keys on all addresses in the network.
This is why I can't take Bitcoin seriously. The privacy implications are insane.
Please stop with the privacy scaremongering. A lot of work is currently going into trustless mixing/anonymising services that will largely stop this type of tracking. (coinjoin/zerocoin) A lot of us are investing with the expectation true anonymous transactions eventually happen, because when they do Bitcoin will become even more valuable.
This is why I can't take Bitcoin seriously. The privacy implications are insane.
Please stop with the privacy scaremongering. A lot of work is currently going into trustless mixing/anonymising services that will largely stop this type of tracking. (coinjoin/zerocoin) A lot of us are investing with the expectation true anonymous transactions eventually happen, because when they do Bitcoin will become even more valuable.
Call it what it is, money laundering.
This is why I can't take Bitcoin seriously. The privacy implications are insane.
Please stop with the privacy scaremongering. A lot of work is currently going into trustless mixing/anonymising services that will largely stop this type of tracking. (coinjoin/zerocoin) A lot of us are investing with the expectation true anonymous transactions eventually happen, because when they do Bitcoin will become even more valuable.
I do think in the mid to long term Zerocoin or something similar should be added to Bitcoin to at least allow people the option to be anonymous if they want to be.
However, I'm also unsure if this should be done right now as governments are trying to decide what to do with Bitcoin. Perhaps it would be better to wait a couple more years, get Bitcoin more established into the mainstream, and adopted by banks and more companies, and then enable something like Zerocoin in the protocol, when it would be too late to stop Bitcoin. Although I'm not sure what the government's reaction towards Zerocoin would be then.
On the other hand, Bitcoin may be even harder to kill than file-sharing/torrenting, in which case maybe it won't matter if it's done now, as the government's action against it could be irrelevant.
This is why I can't take Bitcoin seriously. The privacy implications are insane.
Please stop with the privacy scaremongering. A lot of work is currently going into trustless mixing/anonymising services that will largely stop this type of tracking. (coinjoin/zerocoin) A lot of us are investing with the expectation true anonymous transactions eventually happen, because when they do Bitcoin will become even more valuable.
Earlier quoted context omitted.
Please stop with the privacy scaremongering. A lot of work is currently going into trustless mixing/anonymising services that will largely stop this type of tracking. (coinjoin/zerocoin) A lot of us are investing with the expectation true anonymous transactions eventually happen, because when they do Bitcoin will become even more valuable.
cheez is hardly scaremongering. As it stands truly anonymous and private transactions on Bitcoin are apparently impossible. (I'm not a Bitcoin user so feel free to correct me.) I would say that you are the one who is doing whatever the opposite of scaremongering would be called (hope-mongering?).
Something doesn't have to be private to be anonymous. So if you're happy with anonymous and public it's possible, but hard.
Earlier quoted context omitted.
cheez is hardly scaremongering. As it stands truly anonymous and private transactions on Bitcoin are apparently impossible. (I'm not a Bitcoin user so feel free to correct me.) I would say that you are the one who is doing whatever the opposite of scaremongering would be called (hope-mongering?).
> anonymous and private transactions Something doesn't have to be private to be anonymous. So if you're happy with anonymous and public it's possible, but hard.