Why Would You Want to Be Anonymous? Or, Bitcoin and the Great Silk Road BustTheodore Iacobuzio |
It’s a fair question. Now that Silk Road has been busted (the details are ultra gamey) is there any reason for Bitcoin, the anonymous online currency backed by nothing but its users (i.e., not by any state), to continue in existence? After all, the only other reason to hold it is for fun, speculation, and… anonymity. The first two do not promise great volume. Is the last always sinister?
That depends, it seems to Global Insights, on how important your personal information is to you. Just this week we went public with our own look at these issues in The Digital Sharing and Trust Project. One important segment, Proactive Protectors, is very concerned with actively guarding their online identity. And while they are by our estimate 17 percent of the global market, 17 percent of the global market is a lot. Seventeen percent of anything is a lot. Enough to keep Bitcoin going, one would think.
As I say, we’re about to find out.
Topics: Payments Strategy