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by EthanHeilman
2754 days ago
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>But I don't follow that credit cards are more anonymous that Bitcoin. Credit card transactions are private between you, the merchant, the processor and your bank and anyone those parties sell your data to. Whereas Bitcoin transactions are recorded on a public immutable ledger. >But crypto can be laundered through a mixing service over a tor connection and when done properly and carefully, would be essentially untraceable. You can certainly obfuscate Bitcoin transactions. I even wrote a tumbling protocol for Bitcoin[0] and have been involved with other cryptocurrency privacy projects. I believe that cryptocurrencies can achieve a high degree of privacy, but we aren't there yet. Note you can do similar things to make credit card payments more privacy. For instance by buying and trading gift cards or store credits. At the end of the day if you buy physical goods online you have to have them delivered to your house, drop site or PO box. That means giving out a physical address which greatly reduces your anonymity. [0]: https://eprint.iacr.org/2016/575.pdf |
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