What perpetuates the myth that Bitcoins are anonymous and the stuff of super-spies? Cash is anonymous and reduces the power of law enforcement, not a currency that comes with a public audit trail.
If anything, bitcoin is a law enforcement dream. I don't understand why anarchists seem to love it, given the information it will ultimately put in the hands of the government. It's practically the definition of a trojan horse.
Anarchists love Bitcoin because it is "currency without a central authority." They see that and ignore everything else.
This might change after enough bitcoin applications implement CoinJoin, a type of mixer.
They have to prove the owner of the recipient wallet, which is already pretty hard, especially if you are using something like Tor.
I kinda feel the same way. In the future, no private pool can hold the whole transaction history, only governments can.
No it isn't. Only if you are stupid does it compromise you.
Well, now you can spend cash on the Internet. Is Silk Road a big deal or not? Also, if Zerocoin is added, then it can be fully anon.
it's pseudo anonymous. I send 1 bitcoin to a wallet. You are law enforcement. Prove the owner of the recipient wallet. good luck with that.
Cash is individually numbered. It's not always that anonymous.
Cash is a lot more anonymous than Bitcoin. oinksoft's argument is valid.
Cash doesn't leave a publicly available audit trail of every exchange.
The point is so does bitcoin - to respond to a few parent comments above you