Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by smokelegend on Wednesday March 17, 2021 @11:07PM
(#26499359)
Great you get convenience for buying bitcoin but I thought one of the selling points of bitcoin was to keep payments and transactions anonymous. I don't want to have to provide ID just to buy/sell bitcoin, I certainly don't want the government to know about my transactions. I appreciate the privacy bitcoin transaction provide, why do people want to jeopardize anonymity for convenience?
[ Parent
| on HN ]
Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by alisonkisk on Wednesday March 17, 2021 @11:18PM
(#26499402)
Bitcoin is not anonymous. it's pseudonymous at best. It's a public ledger.
Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by throwawaysea on Thursday March 18, 2021 @12:51AM
(#26499777)
Is there an alternative that is fully anonymous?
Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by riffraff on Thursday March 18, 2021 @01:01AM
(#26499816)
Monero[0] seems to be aimed at that, but I have no idea if it maintains the promise.
Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by SamPatt on Thursday March 18, 2021 @10:11AM
(#26502859)
There are various "privacy coins" which aim to be used anonymously. Monero and Zcash (using shielded transactions) are the two most popular.
Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by fineIllregister on Wednesday March 17, 2021 @11:22PM
(#26499422)
Doesn't Coinbase already require users to identify themselves for KYC regulations?
Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by TedDoesntTalk on Wednesday March 17, 2021 @11:39PM
(#26499494)
Absolutely yes
Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by TedDoesntTalk on Wednesday March 17, 2021 @11:39PM
(#26499495)
Yes