bitcoin, Monero, Ripple

[AtW]

You could replace the occurrences of "bitcoin" with the boom and bust cycles of UK/US stock market and no accuracy would be lost with your assertion.

So you compare bitcoin with shares rather than fiat currencies? Ok, shares by far more liquid, you csn buy different ones - with reliable dividends payments, no money laundering risks buying and selling known stocks, property guaranteed by courts, all above the board licensed etc

There is only one good thing with bitcoins - no chargeback (yet) for merchants, but thats deadly for buyers - one click on infected site and your "wallet" stolen with no recourse to justice, lovely

[scooterscot]

There is only one good thing with bitcoins - no chargeback (yet) for merchants, but thats deadly for buyers - one click on infected site and your "wallet" stolen with no recourse to justice, lovely

Don't folks keep cold wallet on their machine or private server? Would never allow a third party to take care of my wallet.

Too much reference in any case to Bitcoin. It is the block chain that's more of interest, that has a future.

[AtW]

No, blockchain only got future for criminal "currency" like bitcoin - because ot's the only way it could work.

Real wealthy peopel don't want ALL theor transactions to be visible to the world - somebody sends you money and it's from known drug dealer - very nice for the kikes of Daily Mail

Real wealth is real money (EUR or USD), real estate, rare art and cars, shares in strategic companies, an account on CUK with at lesst 40k posts - thats wealth, bitcoin is junk for losers.

HTH

[TheGreenBastard]

So you compare bitcoin with shares rather than fiat currencies? Ok, shares by far more liquid, you csn buy different ones - with reliable dividends payments, no money laundering risks buying and selling known stocks, property guaranteed by courts, all above the board licensed etc

There is only one good thing with bitcoins - no chargeback (yet) for merchants, but thats deadly for buyers - one click on infected site and your "wallet" stolen with no recourse to justice, lovely

No I was comparing it with the uses, you yourself claimed it was useful for - to which it can be shown the current systems also allow, except current "facilities" aren't available to us lower classes.

[AtW]

No I was comparing it with the uses, you yourself claimed it was useful for - to which it can be shown the current systems also allow, except current "facilities" aren't available to us lower classes.

It's useful for criminals, yes.

I am not a criminal, so it's not useful to me, on the contrary it's me who will be subsidising those illicit transactions - more money shift there, less taxes will be collected - more taxes I will have to pay.

For those reasons alone bitcoin should be destroyed

[TheGreenBastard]

No, blockchain only got future for criminal "currency" like bitcoin - because ot's the only way it could work.

Real wealthy peopel don't want ALL theor transactions to be visible to the world - somebody sends you money and it's from known drug dealer - very nice for the kikes of Daily Mail

Real wealth is real money (EUR or USD), real estate, rare art and cars, shares in strategic companies, an account on CUK with at lesst 40k posts - thats wealth, bitcoin is junk for losers.

HTH

I'm pretty sure there are anonymising mechanisms on some blockchain implementations...

[AtW]

I'm pretty sure there are anonymising mechanisms on some blockchain implementations...

No, the whole point of blockchain that it's public.

They don't have name on transaction but your unique ID will be there - so all transactions will be visible, deanon is easy, then you'll have a lot of explaining to do with public transaction of stolen money or drug desler or child porn site - fook that.

[TheGreenBastard]

No, the whole point of blockchain that it's public.

They don't have name on transaction but your unique ID will be there - so all transactions will be visible, deanon is easy, then you'll have a lot of explaining to do with public transaction of stolen money or drug desler or child porn site - fook that.

No, the whole point of the public ledger is for accountability. Already there are anonymising techniques, add to the fact the bitcoin address itself is anonymous until tied to your bank account or if you advertise it online...

Me thinks you have some more reading to do.

Edit: I just realised you've contradicted your entire "it's for criminalz" troll...

[AtW]

No, the whole point of the public ledger is for accountability. Already there are anonymising techniques, add to the fact the bitcoin address itself is anonymous until tied to your bank account or if you advertise it online...

Me thinks you have some more reading to do.

All bitcoin transactions are public, they are in blockchain (which is effectively ledger), they have to be public otherwise whole system collapses.

As soon as there is deanon of wallet IDs then WHOLE TRANSACTION HISTORY is already public - all your transactions for Daily Mail to report, lovely

For criminals it's fine because vast majority of them too dumb to think of consequences of their actions in the first place, they think it's all anonimized LOL

[TheGreenBastard]

All bitcoin transactions are public, they are in blockchain (which is effectively ledger), they have to be public otherwise whole system collapses.

As soon as there is deanon of wallet IDs then WHOLE TRANSACTION HISTORY is already public - all your transactions for Daily Mail to report, lovely

For criminals it's fine because vast majority of them too dumb to think of consequences of their actions in the first place, they think it's all anonimized LOL

Disposable addresses and bitcoin mixing can comprehensively provide privacy already, and that's just bitcoin, Ethereum aspires to add privacy to future versions of the protocol.

But I guess because you read the Guardian you know more than people that actually implement blockchain techs.