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View Diary: Bitcoin Bubble Bound to Burst (52 comments)

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  •  It's an anonymous currency (1+ / 0-)
    Recommended by:
    johnny wurster

    It's not clear how they would do that as a practical matter.

    If debt were a moral issue then, lacking morals, corporations could never be in debt.

    by AoT on Thu Mar 28, 2013 at 01:50:12 PM PDT

    [ Parent ]

    •  Are the purchases themselves anonymous? (0+ / 0-)

      Let's say you use it to purchase a good or service online; wouldn't the seller / provider have a record of who the purchaser is?  

      Nonetheless, certainly in many circumstances that'd be tough.  

      •  In some cases I would guess that they (0+ / 0-)

        are known, but given that it's often used for drugs and other things in the informal economy I'd bet that the reporting rates would be incredibly low.

        If debt were a moral issue then, lacking morals, corporations could never be in debt.

        by AoT on Thu Mar 28, 2013 at 02:00:22 PM PDT

        [ Parent ]

      •  Nope. In the case of a physical asset, they'll (1+ / 0-)
        Recommended by:
        AoT

        have shipping info, but that's about it. Lotta SR vendors claim to destroy shipping info x # of days after transaction, or @ confirmation of delivery- don't know if they actually do.

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