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A comment on Why Bitcoin is worse than a Madoff-style Ponzi scheme. Parent comment

Re:Why Bitcoin is worse than a Madoff-style Ponzi scheme by luma on Wednesday December 22, 2021 @10:01AM (#29650191)
* The person I was responding to claim it could be an alternative. OK, Bitcoin has been around a while and several countries have had currency problems. Notably, Bitcoin didn't save the day. Why? It has literally never happened, but people keep claiming it will.

* Claim was made that Bitcoin made this "cheaper and simpler". That isn't true.

* Which part of the public ledger exactly is anonymous? You say "pretty much all of it", I see "public" and say pretty much none of it.

The difference between us is that I haven't hinged my hopes of personal financial success on a Ponzi scheme, so we're probably not going to see eye to eye.

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Re:Why Bitcoin is worse than a Madoff-style Ponzi scheme by LatteLazy on Wednesday December 22, 2021 @01:54PM (#29653480)
To be clear, I didn't say it would solve the country/currency's problems. I said it would let individuals work around them.

Also, the only details on the public ledgers (for bitcoin) are the balance, wallet IDs and transactions. If I buy or sell bitcoin you can't tell it was "me" you can only tell that wallet #12345 transferred to wallet #67890. You still have to be careful your Id isn't linked to your wallet in some other way. But until that happens you're as anonymous as it's possible to be really.

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