you wouldn't be able to make out what exactly they bought / how much they paid for it in cash
That would be hard with any medium of exchange, you can however get a clear picture of the person making the purchase including a timestamp. Which is more than you could obtain from say a digital purchase where you only have the data from an order that could have been placed by anyone.
How can you conceal your crypto transfers other than putting your trust in the operators of the wallet/ coin exchange?
You just send your crypro from your wallet to my wallet if I'm the one you buy stuff from. And nobody will ever know, unless I rat you out, but I could just as easily rat you out if we where doing a cash transaction.
You don't need to trust anyone to use crypto and your don't need exchanges. Those things ruins the whole point of it.
Let me ask you this, say you wanna pay me in cash, I'm over 1000 miles away, now how would you pay me without trust? You would have to drive all the way to me to make the purchase in person right. Now here's the fine thing about crypto, if we're doing the same transaction I send you a receive address and you send me the payment, no middle men involved at all, nobody to view or censor our transaction. Fully private and secure.
That would be hard with any medium of exchange, you can however get a clear picture of the person making the purchase including a timestamp. Which is more than you could obtain from say a digital purchase where you only have the data from an order that could have been placed by anyone.
You just send your crypro from your wallet to my wallet if I'm the one you buy stuff from. And nobody will ever know, unless I rat you out, but I could just as easily rat you out if we where doing a cash transaction.
You don't need to trust anyone to use crypto and your don't need exchanges. Those things ruins the whole point of it.
Let me ask you this, say you wanna pay me in cash, I'm over 1000 miles away, now how would you pay me without trust? You would have to drive all the way to me to make the purchase in person right. Now here's the fine thing about crypto, if we're doing the same transaction I send you a receive address and you send me the payment, no middle men involved at all, nobody to view or censor our transaction. Fully private and secure.