0 sats \ 14 replies \ @DarthCoin 30 Mar 2023 \ on: Digital Euro to have built-in limitations, "It will never be as private as cash" bitcoin
Why people consider cash as "private"?
Cash have serial numbers and IS NOT YOURS, is not your property. Is just a fucking paper own by somebody else.
Private isn't a boolean. Cash is more private and harder to track than the credit card system. They do indeed track cash by the numbers. They also do other things to track cash. The state is not this all seeing eye with perfect knowledge but also they are evil and tracking and controlling everything they can.
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I agree that it's not binary and that in some cases bills are tracked. However, no one is keeping track of every minor cash transaction, which they would have to do to know who has each bill.
What would even be the point of tracking bills at that level? It would be enormously expensive and serves no valuable purpose.
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Exactly, this is why they want to kill cash and move everything to CBDC because it makes tracking/control much more efficient.
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That was going to be my next point, if someone pushed me for another one.
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serial numbers... lol this is next-level paranoia
Cash is much more private than Bitcoin by default.
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Cool. Now dump all your BTC for cash.
I will be glad to take all your BTC.
HFSP
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I said "by default".
Have Fun Staying Angry
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Explain how something that is NOT yours can be private for you?
Cash fiat papers are NOT yours. Are not your property.
That's why they can CONFISCATE IT.
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Cash are bearer credit instruments. The fact that they're backed by shit fiat institutions doesn't make it any less private. You're mixing up privacy with hardness. I never said I would hodl cash.
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People consider it private because no one is keeping track of who has which bill. They are effectively perfectly fungible.
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You are wrong. They keep track. Until they found one on you...
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Cool story. Any evidence or even a plausible mechanism? What about coins? They don't have serial numbers.
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fiat coins are meaningless. Are just for fun to make sheeple believe they have money coins.
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So your answer is "no", I take it.
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