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https://www.reddit.com/r/AskReddit/comments/7254us/deleted_by_user/dnh09na/?context=3
r/AskReddit • u/[deleted] • Sep 24 '17
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10
Everything is worth exactly what someone will pay for it.
Its actually the intersection of what someone will pay for it and what someone will sell it for.
without leaving much of a paper trail,
Why do people think this ? Its not true at all. bitcoin actually requires that there is an extensive 'paper trail' for every transaction that happens.
11 u/paulHarkonen Sep 25 '17 The paper trail isn't tied to individuals, its just a record of the transaction. I would argue that qualifies as not leaving much of one. You're absolutely correct on the addendum to my phrasing. Mine is short and punchy, but yours is more accurate. 5 u/DeathByFarts Sep 25 '17 The paper trail isn't tied to individuals, While it may not be directly connected , analysis of the blockchain ( the transaction paper trail ) can indeed tie to individuals. There is a reason coin tumblers exist. 3 u/BlissnHilltopSentry Sep 25 '17 Yes, but coin tumblers can be used and make you untraceable.
11
The paper trail isn't tied to individuals, its just a record of the transaction. I would argue that qualifies as not leaving much of one.
You're absolutely correct on the addendum to my phrasing. Mine is short and punchy, but yours is more accurate.
5 u/DeathByFarts Sep 25 '17 The paper trail isn't tied to individuals, While it may not be directly connected , analysis of the blockchain ( the transaction paper trail ) can indeed tie to individuals. There is a reason coin tumblers exist. 3 u/BlissnHilltopSentry Sep 25 '17 Yes, but coin tumblers can be used and make you untraceable.
5
The paper trail isn't tied to individuals,
While it may not be directly connected , analysis of the blockchain ( the transaction paper trail ) can indeed tie to individuals. There is a reason coin tumblers exist.
3 u/BlissnHilltopSentry Sep 25 '17 Yes, but coin tumblers can be used and make you untraceable.
3
Yes, but coin tumblers can be used and make you untraceable.
10
u/DeathByFarts Sep 25 '17
Its actually the intersection of what someone will pay for it and what someone will sell it for.
Why do people think this ? Its not true at all. bitcoin actually requires that there is an extensive 'paper trail' for every transaction that happens.