Hacker News Reader

> Banks could issue digital cash with greater anonymity

Why would (a) my bank want to do this, and (b) why would I want my bank to do this?

The point here is that bitcoin is incredibly transparent, which on one level one may welcome, but on another certainly not.

(a) providing cash level privacy to customers, which (b) they should probably value more than they do.

What "cash level privacy"? Banks have to report all significant cash transactions and ensure that customers can't deal large quantities of cash anonymously; and in the exact same manner they would also have to report all significant e-cash transactions and ensure that every customer with whom they deal large quantities of e-cash can't be anonymous.

just post all your financial statements on the web for everyone to see.

you've got nothing to hide, right?

Reply on news.ycombinator.com