Doesn't have to be associated to your identity, also you could coin-join your spends..

Reply to this note

Please Login to reply.

Discussion

Its similar to KYC'd gold..

This is where Bitcoin quickly starts getting overly technical and a bit shady, and everyone not wanting to live their life in a remote mountain castle in a green body-stocking heads for the exit.

How is gold any better?

It's an element you can buy with cash. That makes the entire transaction highly fungible. Fungibility is the basis for anonymity.

You can buy bitcoin with cash..? Your cash Is also serialized BTW.

Its definitely not the basis, its a good to have definitely, but you can be anonymous without it as well.

Yes, but the numbers aren't being recorded along with each transaction.

Its less than ideal I agree