why does bitcoin have a public ledger?
Why does bitcoin have a public ledger?
Adrian Cruz
Ryan Lopez
Easier to code, easier to understand, easier to audit
Chase Campbell
Scales even worse.
Hudson Campbell
Because Satoshi couldn't implement some privacy protocol, as he wanted. But there's already a coin that fulfils Satoshi's will.
Nolan Morris
monero?
Jordan Peterson
Obviously. He didn't had time to research and create something like that (he had to vanish after wikileaks trouble, in late 2010), and he wasn't skilled enough for it.
Wyatt Walker
So people could verify the exact transactions that were going on and have some proof that it actually works
Landon Watson
nah, public ledger was the goal. no behind door shenanigans.
Alexander Moore
Aiden Walker
>no behind door shenanigans
like what?
Adrian Mitchell
like hidden inflation premine scams and central bank stuff
Austin Brooks
is monero vulnerable to this?
Juan Russell
>one whale move some thousands of Bitcoin
>general panic
>wallets constantly being monitored at all
>can't use you wallet in violent environments at the risk of being tracked and robbed if someone knows you hold a big amount of it
Much better.
Caleb Rodriguez
No.
Noah Powell
Hidden premines
Cooper Nguyen
bitcoin private is of the zcash family
monero is not zcash offers much higher level of obfuscation but not evidently auditable
monero offers more like plausible deniability as opposed to real privacy.
Tyler Turner
Monero was transparent from the beginning but you will never know for sure because you weren't there and there's no way to check.
Connor Allen
Because at the time that was good enough. Satoshi figured change addresses would be all the privacy necessary and largely just created and then abandoned the project.
Hunter Robinson
why tf fiat have an A in untraceable. should be a C or a B at best.
Christopher Wilson
are you retarded?
how do you track money if you only pay things in cash?
Connor Richardson
Jose Scott
still something that has a permanent unique id ie serial no how does it get an A?
Matthew Clark
bills have unique serial numbers and are tracked everywhere they go, every time they are deposited from a bank or withdrawn from an atm
Benjamin Miller
it would be easy enough to scan them in cash registers and report them online in my country all registers are online and report realtime to the local version of irs.