Topic: [2017-08-22] IRS Reportedly Bought Software to Uncover Bitcoin User Identities (Read 4522 times)
August 24, 2017, 11:24:11 PM
That's sound inappropriate for exchanges if they will give our personal information without our permission but I do agree that taxes must be paid, then let exchange admin and the government settle this without the need of any information from the users. Just put it, "anonymous taxes". That would be it and no more.
August 24, 2017, 09:55:57 PM
Not sure what they can get, unless all the exchanges are cooperative. Otherwise it will be very hard for them.
August 24, 2017, 04:26:56 PM
Catch the poor while the big whales are hiding their fortune abroad...
Good luck revealing bitcoiners identities lol
Good luck revealing bitcoiners identities lol
August 24, 2017, 03:59:14 PM
Its not surprising at all. IRS will do anything at their disposal to cover those individual who are trying to cheat them. And buying this software is a making sure that they are one step ahead of those individual not declaring their taxes correctly and now they are hot on the tails of bitcoiners. I'm pretty sure they will caught big whalers along the way and it will have repercussion in the crypto community and sending messages that they can't get away with it. Using mixing services is a good way if you really want to hide your identifies. Maybe this is another factor that forces bitmixer to really quit the game as I think they have been pressured a lot by government agencies including IRS to provide historical logs like IP addresses to uncover the real identify of individual using tumblers.
August 24, 2017, 02:13:23 PM
We can all insult the IRS as much as we want, but it doesn't change their goals. It should have been common sense that the IRS were trying something like this. Any intelligent tax cheat or privacy-centric person would know that BTC is not anonymous and that if they want to keep their identity from the authorities it will be hard. The only solutions are to take steps to anonymise your coins such as using Tails, mixing coins and creating separate wallets or to use more anonymous coins (namely Monero).
The thing is that IRS is also doing its job. And I think in USA you should really be declaring your correct income and pay the right taxes or the burden of the law will fall on you. The message is always this: Pay your correct taxes and hell will not be coming to your front door. I am glad that I live in a country which is not yet that high tech in tracking my online income.
August 24, 2017, 08:49:59 AM
We can all insult the IRS as much as we want, but it doesn't change their goals. It should have been common sense that the IRS were trying something like this.
Any intelligent tax cheat or privacy-centric person would know that BTC is not anonymous and that if they want to keep their identity from the authorities it will be hard.
The only solutions are to take steps to anonymise your coins such as using Tails, mixing coins and creating separate wallets or to use more anonymous coins (namely Monero).
Any intelligent tax cheat or privacy-centric person would know that BTC is not anonymous and that if they want to keep their identity from the authorities it will be hard.
The only solutions are to take steps to anonymise your coins such as using Tails, mixing coins and creating separate wallets or to use more anonymous coins (namely Monero).
August 24, 2017, 08:13:09 AM
This news has been released very recently, but I am quite sure that behind the scenes, the IRS has been following trails of Bitcoiners for years now. It's not for nothing that I have always been using a mixer to maintain a certain form of privacy. Every coin that I withdraw from an exchange to have it sent to one of my cold wallets, goes through a mixer first. There is no way that our personal information that the exchange obtained due to their verification process is being kept solely to themselves - they might have been sharing this information quietly with the governments already, or they will at some point get forced to hand over information. Mixing is essential - better safe than sorry.
August 24, 2017, 08:05:40 AM
IRS Reportedly Bought Software to Uncover Bitcoin User Identities
The Internal Revenue Services has reportedly purchased software to assist it in its efforts to uncover the identities of Bitcoin-using tax cheats. The news was reported today by The Daily Beast, which posted a document that appears to be an IRS purchase agreement with an outside contracting firm called Chainalysis. The company provides analysis software to various government agencies and companies in the financial services sector.
https://dcebrief.com/irs-reportedly-bought-software-to-uncover-bitcoin-user-identities/
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