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The whitepaper shows it was intended to be "peer to peer electronic cash". It did clearly fail at that goal since it has none of the privacy of cash and so on.
by ajkdhcb2 2y ago
The whitepaper shows it was intended to be "peer to peer electronic cash". It did clearly fail at that goal since it has none of the privacy of cash and so on.
- aryan14 2y agoHow did it fail at being P2P e-cash? You can use bitcoin completely/as anonymously as cash if you wanted to, the same way you’d have to put in a bit of effort to have a completely anonymous cash transaction. Monero (XMR) which is a fork of bitcoin, is much closer to actual cash
- ajkdhcb2 2y agoMonero is fine. But how can you even use bitcoin anonymously now? Even wasabi and samourai wallet are shut down as far as i know. Seems highly risky to use any tool like that since i dont know what the consequences will be in the future. Joinmarket? I'm sure it is possible but it is error-prone, takes so much effort, time and fees that i see it as a failure
- polotics 2y agowell you can use Bisq right?
- ajkdhcb2 2y agoI have used it, but i dont see how it is related to being able to transact privately. As soon as you do anything linked to your name with those coins puchased on bisq, the whole batch is linked to your identity
- stackingsaunter 2y agoLightning is private
- ajkdhcb2 2y agoNot based on everything ive read. Happy to be shown evidence of otherwise
- aryan14 2y agoA very easy anonymous way is to simply use a self custody wallet like Exodus. You can buy ETH, then you can use a TOR crypto exchange to swap it from ETH -> BTC into your wallet. Just an idea though