Reply to post: Anonymous money is a relative concept

GNU cryptocurrency aims at 'the mainstream economy not the black market'

Anonymous Coward
Anonymous Coward

Anonymous money is a relative concept

Bitcoin isn't entirely anonymous, as if it were Silk Rd 1.0 would still be operational. An entirely anonymous currency provably usable for financing assassination would have advertised exchanges between itself and conventional money closed down as criminal money laundering accessories in short order, rendering it pretty much useless for said purpose overnight.

A useful degree of anonymity means merchants don't always need to know who is buying from them - just that they are being paid, while banks won't disclose payment details to spooky agencies or police investigations unless specifically warranted by a judge and won't disclose to anyone else under any circumstances.

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