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A comment on Bitcoin Crushes $9,000 on Growing Signs of Mainstream Adoption. Parent comment

Re:Bitcoin Crushes $9,000 on Growing Signs of Mainstream Ado... by nlperguiy on Sunday November 26, 2017 @06:45AM (#15780472)
Money laundering and terrorist financing can be done and is done with fiat currencies too.

Bitcoin is also not a private coin, ledger is public and anyone can analyze the flow of money.

The only private coin I know of is Monero (XMR). Analyzing Monero ledger is like looking at random data, there's no amounts, there's no receivers, there's no senders. Everything is fully, by default, encrypted.

Even receivers can't know who the sender was.

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Re:Bitcoin Crushes $9,000 on Growing Signs of Mainstream Ado... by TrickyRick on Sunday November 26, 2017 @06:59AM (#15780532)
How does a private coin work with blockchain tech? If you can't know who the sender and receiver are how can you verify transactions?
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Re:Bitcoin Crushes $9,000 on Growing Signs of Mainstream Ado... by nlperguiy on Sunday November 26, 2017 @07:30AM (#15780615)
There's an optionable Payment ID you can attach (also encrypted), so receiver can confirm that the payment received was for a particular purpose.

Let's say payment id is user id + product id, so receiver could easily confirm that transaction was from a particular user for a particular product.

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Re:Bitcoin Crushes $9,000 on Growing Signs of Mainstream Ado... by paulpauper on Sunday November 26, 2017 @06:57AM (#15780519)
mixers can hide the trail
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