I'm curious how BitCoin makes it's way in a world full of governments that want to create their own fake crypto currencies to fool us into think if we use the government approved ones we'll have privacy.
The beauty of bitcoin and one of the big things that make people trust it is no government controls it.
The key factor to Bitcoin, and any crypto currency, is the blockchain. This is a distributed open ledger that the world can see. Transactions are anonymous in the sense that names are not attached to them. But “wallet IDs” are certainly attached, and THOSE are listed on the public ledger. This means if someone knows your wallet ID, they can see EVERY transaction…going back to the first transaction.
If anyone is promoting any crypto currency as anonymous, run from them.
I went through a 4 year audit with the IRS. Trust me…they looked at every single thing I did from 2013 through 2022. And for a few of those years, I did a lot. They asked where everything went, and to whom.
I know people who accepted bitcoin for their businesses. Most of them rolled them over pretty fast. But some of them held onto them. Those people are very wealthy today. I remember paying a guy .75 bitcoin for a product. Trust me, it wasn’t worth $75k. LOL