I listened to McAffee's lecture on cryptocurrencies. He stated Bitcoin was old technology and that the problem with it is that if you buy with it, whoever you buy from can look into your wallet and see all your transactions. He said if you don't mind others seeing your transactions then go ahead. It is like them seeing your bank statements.
Well respectfully to him, hes not wrong but he misses the point. Bitcoin is the oldest but its also the most secure. Yes it s a public ledger but its still anonymous, you have to link a random address to a person which takes some assumptions and other evidence to do... is it as secret as cash can be? No but cash will be dead in the future. And the govt cryptos that will come forward that are being developed by the US right now will be the EPITOME of tracking you and they will suffer the same inflation issues as paper fiat. Dont just listen to McAfee on this...listen to people who have been in this space and have studied it since it began. Bitcoin is more of a secure store of value than it is a payment system and they can never take it from you.
I listened to McAffee's lecture on cryptocurrencies. He stated Bitcoin was old technology and that the problem with it is that if you buy with it, whoever you buy from can look into your wallet and see all your transactions. He said if you don't mind others seeing your transactions then go ahead. It is like them seeing your bank statements.
Well respectfully to him, hes not wrong but he misses the point. Bitcoin is the oldest but its also the most secure. Yes it s a public ledger but its still anonymous, you have to link a random address to a person which takes some assumptions and other evidence to do... is it as secret as cash can be? No but cash will be dead in the future. And the govt cryptos that will come forward that are being developed by the US right now will be the EPITOME of tracking you and they will suffer the same inflation issues as paper fiat. Dont just listen to McAfee on this...listen to people who have been in this space and have studied it since it began. Bitcoin is more of a secure store of value than it is a payment system and they can never take it from you.
He also said it's going into the millions and will replace the USD