Re:Germany Sets Standard for Bitcoin Regulation
by joe_the_user on Monday August 19, 2013 @03:06PM
(#6239005)
Paper money is private. Bitcoins are public (connecting wallets to people is a challenge but with whole Internet tapped, maybe not a huge challenge).
Re:Germany Sets Standard for Bitcoin Regulation
by jlgreco on Monday August 19, 2013 @04:08PM
(#6239446)
Hence the "(depending on how you acquire/spend your bitcoins or cash)". With bitcoin it is much harder to keep your identity unconnected from your wallet (particularly if you want to do anything with it), though it is possible.
Re:Germany Sets Standard for Bitcoin Regulation
by cinquemb on Monday August 19, 2013 @03:15PM
(#6239076)
If one considers that the vast majority of people don't go through the lengths to remain pseudonymous on the web, connecting identities to wallets will (eventually) be trivial for the mainstream. However, I find it the case that as of now, that is inversely proportional to the people that use bitcoin. Not to mention all the laundry services out there or that could be placed on the front end of services used through tor (and possibly meshnets in the future).
Think of waiters receiving cash tips.