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by gruez 1951 days ago
>All of this shows how the supposed transparency of Bitcoin is useless.

This seems like begging the question to me. Was bitcoin ever supposed to be some sort of asset where the pricing is transparent?

1 comments

I don't quite remember from the original white paper if it was pushed as a feature or just a property of the system. But later proponents certainty try to say it is some revolutionary feature.

Now don't get me wrong. Transparency in the financial system is good. But a public blockchain as is, does not provide any transparency at all.

Now that I am thinking about it, they probably mean something else entirely by transparency. They probably mean, they know the total amount of BTC out there.