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A comment on New EU Proposals Seek to End Anonymous Bitcoin Trading. Parent comment

Re:New EU Proposals Seek to End Anonymous Bitcoin Trading by yarrel on Tuesday July 05, 2016 @12:14PM (#12037469)
It's used for the same things as that much more widely exploited anonymous currency, cash. If you've ever bought gum without using a credit card you're associated with underground markets, ransoms, money laundering, etc.

The assumption that anonymity is inherently an indicator of criminality is toxic to an open society.

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Re:New EU Proposals Seek to End Anonymous Bitcoin Trading by alkonaut on Tuesday July 05, 2016 @02:03PM (#12038277)
I'm not so much worried about criminality apart from tax evasion - I pay 50-70% taxes including payroll and VAT but I don't mind doing so, because I trust everyone else does too.

The moment I suspect there is a group of people that get paid and purchase goods outside the tax system I have lost that trust. Full transparency in my opinion is the lesser evil. Completely anonymous currency and transactions solves a problem but creates a bigger one.

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