#AskLeo - crypto shall stay anonymous?
Hi,
I've been pretty busy outside the crypto world the past weeks. I've posted and commented a lot less, as my focus is on some urgent matters that need solving now.
So, during this time I was confronted a lot with payments. I do love my cash and on a lot of occasions cash wash denied, especially at higher sums, for different reasons. Paying electronically leaves data behind, which I rather try to avoid. Expenditures like this can be traced for years.
My question for today's #AskLeo, the # tag brought by @acesontop, would be, shall crypto stay anonymous or not?
Well, what has it to do with the payment method described above? Everything, as we want to use crypto as an exchange method. Keeping crypto only to use for other crypto is pointless, it needs to have a tangible use in the end. I don't know any exchange, where when you transfer to fiat, your crypto can't be traced. I would gladly use it, to stay anonymous.
Yes, there is the discussion on crypto that it is used for illegal things, but I think that the black market and the criminal world has a market cap hundred-fold the crypto market cap, so this discussion would be pointless in the end.
Also, if crypto is not anonymous any more, it loses one of the perks it has, the privacy. I love privacy and for that when I go for a walk or to meet someone, I take only cash with me and leave my phone home. Not that I have something to hide, but I like not to share everything in my life with governments and companies.
Can crypto here survive the next regulations wave? Will crypto find a way to avoid this and function without any control? I hope yes in both cases.
To answer the question, I hope it stays somewhat anonymous, so that transactions are recorded but are not linked to individuals.
How do you see it?
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Anonimity does not really matter to me, so either solution is good. By the way, some people post their Bitcoin addresses in various forums. As soon as they do that, they are no longer anonymous.
True with the BTC address. I think most people have more addresses just for diversification.
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I think people should be able to choose. If they want to be anonymous then they can choose some specific block chain and if they don't, then they can choose a different one. Of course I think the anonymous would probably charge you a bit more.
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That is an interesting point of view. I love my privacy and would probably pay a small fee to keep it.
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You are completely missing the point; perhaps read up on Satoshi to learn what the purpose of Bitcoin was.
It is not about Satoshi wanted and the purpose, it is about how the situation is now. We have DeFi, NFTs, 2nd layer tokens, a total new ecosystem that did not exist at that time.
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I would like that there would be some "small pocket" crypto money that can remain anonymous. For big things, this will never be accepted as anonymous, and not even thinking how healthy this would be. The question that I do not know to answer, how to avoid the small cash being consolidated (with bots) into big money...
I love my cash to and I also love the privacy crypto offers. Our privacy is not in the agenda of the establishment though, thus the crackdown on crypto and love from the governments towards their own currencies. We're nothing more but merch and slaves for them.
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