| > Yes it does. You can buy it on exchange (or buy a miner and mine it yourself paying with electricity) and transfer it to your wallet Wherever you buy it, that purchase is traceable. Wherever you sell it, that sale is traceable. Oh, just realised now even though you didn’t say this: Unless the thing you use to buy it, or for which you sell it, is also anonymous… of course, at that point it is no longer a benefit of bitcoin compared to the other thing. > Isfahan and have a gold coin under your materace. How would go about selling 1/10 of it and how it compares to process of cashing out 1/10th of 1 BTC in cold storage? Physical gold? OK, but I was thinking gold in a bank account, which is a thing you can get (“Glint”, I think is the name). 1) go to cash-for-gold corner shop, of which there seem to be far too many at the moment
2) divide coin into 1/10ths
3) exchange 1/10th coin for other financial token From my history lessons, this is pretty much how money worked in the old days when it wasn’t just backed by gold but literally made from it, except 1) wasn’t needed because the shops just weighed your coins. |