Gold is more private than Bitcoin, much, much more, as private as cash.
On the other hand I don't mean auditability, there are things as easy as implementing bip158 on clients and nobody does it.
Discussion
Gold is only private in small coinage. Actual wealth in gold needs a custodian. Practically, gold is not being lugged around, it gets deposited in a bank, which IDs you.
Cash is not money, it is a coupon. As a coupon it doesn't really have any constraints on privacy as long as it is a valid claim to Gold.
As I said before I am an economics nerd not a coder. I am not sure what kind of privacy is achieved with those proposed filters as I can't extrapolate what is gained from the golomb-rice set compression.
With bip158 you get privacy without having to run a full Bitcoin node.
I like gold, but I like even more bitcoin. Try to leave a country during stress period with 1kg of gold. Good luck.
Just because it is easier to transport does not mean that bitcoin transactions are more private than private-to-private transactions in gold.
Depend… How do you acquire bitcoin and how do you spend is the key.
No.. you're talking about anonymity, he's talking about privacy.
#Bitcoin can be made physical, to have the exact same benefits as private-to-private transactions in gold & cash.
If done in the right way, I'd argue it's actually easier to do and verify authenticity...
I would disagree, at the level which physical gold and cash is transferred, #Bitcoin can be transferred in the same way.
nostr:npub19canpmsgykwumm43uxmp0l5sernavvnrf87mau9a6xnjfx6ajjhsh9qj29 for example sells products which makes #bitcoin "physical" to be transferred the same way. In theory it only transferring a verifiable backup seed phrase... Completely private.
Fake, stop trying to confuse noobs
how so?
"Physical Bitcoin"
This is like day 1 noob confusing stuff, from Satoshi's own time. Cut it out. Bitcoin isn't physical
I think we are both correct, of course #Bitcoin is always digital. However, it becomes "physical" when transacting in person. For example handing a person a Opendime, in the exact same way as handing someone a gold coin or cash. It is a private-to-private transaction...
Again, stop repeating confusing lies. If you think what you're saying is true, don't trust, verify
Nothing I said was a lie. It is a fact that there are no inherent differences between handing a person a type of #Bitcoin wallet (which happens to be physical), than transacting with cash or a gold coin.
Although I would argue, #Bitcoin has a lot more assurances. One of them being it is easier to verify and not trust...