Re:El Salvador's Bitcoin use grows but headaches persist
by Apocryphon on Thursday October 07, 2021 @04:54PM
(#28791916)
How are cryptocurrencies even "encrypted" and more anonymous than hard cash if all transactions are recorded in a ledger, the ledger that is the very basis of the currency? Isn't that the very antithesis of anonymity?
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Re:El Salvador's Bitcoin use grows but headaches persist
by kristjansson on Thursday October 07, 2021 @05:15PM
(#28792203)
Bitcoin and its ilk are explicitly pseudonymous not anonymous. Others attempt to provide actual anonymity, but lack the usage and mindshare of bitcoin
Re:El Salvador's Bitcoin use grows but headaches persist
by freeflight on Thursday October 07, 2021 @05:05PM
(#28792071)
Afaik that claim to fame originally came from the fact how it's really difficult to track down the real owner of a wallet.
With traditional bank accounts there's usually a whole circus of verifying your real identity involved that's directly tied to the account.
While getting a BC wallet involves none of that, heck, it can probably be automated to such a degree that asking the question "Who actually owns the wallet created by a bot?" could become an interesting legal conundrum.