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A comment on Novogratz Halts Hedge Fund, Says Bitcoin May Drop to $8,000. Parent comment

Re:Novogratz Halts Hedge Fund, Says Bitcoin May Drop to $8,000 by eastendguy on Friday December 22, 2017 @05:11PM (#15991329)
All these apps give the government more control, that is why their use is encouraged.

Bitcoin "as app" (once or if it works) will be more like cash payments, privacy wise. That is were I see the main advantage. I find it spooky what Visa and Mastercard now about all of us... at least about me.

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Re:Novogratz Halts Hedge Fund, Says Bitcoin May Drop to $8,000 by bootlooped on Friday December 22, 2017 @11:24PM (#15992921)
> Bitcoin "as app" (once or if it works) will be more like cash payments, privacy wise.

One massive caveat is that all Bitcoin transactions are public, traceable, and permanently stored in the Bitcoin network. In most ways it's worse than cash, in some ways it's probably even worse than credit cards.

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Re:Novogratz Halts Hedge Fund, Says Bitcoin May Drop to $8,000 by cryptodogemoon on Saturday December 23, 2017 @05:42AM (#15993710)
zk proofs supposedly resolve that issue.

monereo, zcash, and eventually ethereum

the concept seems to make sense but I'd be curious how to audit such an obfuscated system

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Re:Novogratz Halts Hedge Fund, Says Bitcoin May Drop to $8,000 by Fnoord on Saturday December 23, 2017 @07:38AM (#15993961)
s/monereo/Monero/
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