- Jan 27, 2015
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That is true until they implement something like cash scanners that record the serial numbers on the bills. Stores that have self-checkout already have machines that take bills & scan for their authenticity. Its just a matter of swapping the machines out or upgrading them to read the serials. I wonder how many duplicate bills will show up across the country, heh.
Maybe if they do, but they still don't know who used the bill or how the person got the bill necessarily. Now I'm not the kind of person who tries to go anon with cash on all my purchases, but you can if you want.
However, lets say bitcoin became a true 2nd currency. If my neighbor goes to home depot and buys a lawnmower with bitcoin and I see them come back with it, I can look and narrow down the possible wallets he has. I can do this a few more times and then identify his wallet. Then I can go see every person he has ever interacted with using bitcoin. If crypto were to become like real money as some want, this would happen, it wouldn't be hard.
People would probably start making lists of wallet - person relationships. You may find that some percentage of your bitcoin was used in crime, maybe you weren't involved, but it can be seized. Keep thinking this through and I think you'll come to the conclusion that crypto is trash.