Topic: Anonymity (Read 528 times)
For me it’s good with KYC. Let say if hacker stolen your btc, they still could not sell it to fiat.
One of the "pros" of Bitcoin or crypto-currency in general is you can be involved (trade, buy and such) in it ANONYMOUSLY. But in the past few months, looks like that's not the case.
Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too.
Is this a good thing or not? You thoughts?
Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too.
Is this a good thing or not? You thoughts?
One of the "pros" of Bitcoin or crypto-currency in general is you can be involved (trade, buy and such) in it ANONYMOUSLY. But in the past few months, looks like that's not the case.
Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too.
Is this a good thing or not? You thoughts?
Bitcoin is not anonymous. It was never anonymous but is considered as pseudonymous. Most exchanges now require you to verify your account and give out your verification due to regulations taking place. It is really sad that we have to be doing this on a decentralized currency. There are sites that allow you to exchange without verification but with certain limit. Binance has a limit of total 2 BTC withdrawal per day for non verified users, though their trading page is laggy as fuck. Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too.
Is this a good thing or not? You thoughts?
BTC is controlled by governers! they said satooshi created BTC! but please think: did only 1 man create BTC? I think BTC is a huge technology, so it could not create only 1 person. 
Blockchain technology is indeed a big invention and complicated as well, so it is not possible for single person to develop it. The idea and main draft could be of one person, and afterwards he would have hired some experts for working on his project. Governors are not involved in this otherwise it would have been clearly centralized since its creation whereas bitcoin is equally available for usage for all people of the world. 
There were cases already when criminals after using Bitcoin for transactions were tracked and arrested. So, the anonymity is quite a disputable issue, I think.
Well, I think that all of the illegal transactions using Bitcoin is so possible. Bitcoin is anonymous. That’s right. But there are some Bitcoin wallets that requires you to place and input your name and your identity including ID Card, etc. Having illegal transaction is never be prevnted because of Bitcoin’s anonymity and being decentralized.
I don't understand why so many people think that Bitcoin is completely anonymous. It is fairly easy to track transactions because everything can be seen using a blockexplorer. There are plenty of ways to buy Bitcoin without exposing your real identity. The easiest way is to buy Bitcoin from a person you know or you met on Localbitcoins for example. I can't wait to see Confidential Transactions then we won't have to worry about verification. They won't know what we use our Bitcoin for.
I think that anonymity is not needed for us, simple users, traders and holders. With anonymity criminal organizations can receive payments for drugs for example.
I'm sorry - but that is complete rubbish.
How would you like your landlord to know you have had a pay rise and then raise your rent ?
How would you like your business competitor to know how much you are making off your knew product and to know whether that strategy is worth copying ?
And - as for Drugs - This Ridiculous War on Drugs is the single biggest waste of time, money and energy in the history of forever. God - I wish people would grow up and realise that all the negative press / violence is a direct result of not legalising and taxing it. A moron could work it out.. So I'm not sure what that says about the current crop of utterly useless governments.
Financial privacy is a requirement of any forward thinking society (where money is still in use).
Anyway - it won't matter soon, as they'll crack it, and we'll all be CoinShuffling our CT'ed coins in a single aggregate signature block.. and no one will know what the hell is going on..
In our country, I think exchanges are supposed to do it (verify identification) for the transaction to happen. The government will only allow the transaction to happen once they verified our identity. It's one of their rules and regulation in our country for us to convert our crypto currencies. One of their ways to ensure that it is not being used in any illegal transactions.
more likely new programme from ICO and exchange is gonna bring a bad impact to their customer. rather than make a something like KYC, it should be change to be KTT (Know Their Team) so participants atleast also hold the dev's personal data.
so each other will keep to be trusted
so each other will keep to be trusted
Anonymity is the ongoing process now,this could be due to government pressure on the exchange. Although i see no wrong in this but Even with the the KYC you will still have limit of withdrawal and form time to time this process is been reviewed for unlimited withdrawal.
I think that anonymity is not needed for us, simple users, traders and holders. With anonymity criminal organizations can receive payments for drugs for example.
Yes you are right that regular crypto society does not need the anonymity, but I am sure holders of the main part of bitcoins are rich people, with influence and they need anonymity, for different purposes, some of them are legal and some are not. And we should admit that anonymity is the main advantage of bitcoin.
There were cases already when criminals after using Bitcoin for transactions were tracked and arrested. So, the anonymity is quite a disputable issue, I think.
One of the "pros" of Bitcoin or crypto-currency in general is you can be involved (trade, buy and such) in it ANONYMOUSLY. But in the past few months, looks like that's not the case.
Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too.
Is this a good thing or not? You thoughts?
Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too.
Is this a good thing or not? You thoughts?
As you mentioned anonymity is one of the main "pros" of the bitcoin, so it will certainly influence the concept of this coin. But there are countries where identification is not required, so I think trading will move there.
I think that anonymity is not needed for us, simple users, traders and holders. With anonymity criminal organizations can receive payments for drugs for example.
I dont see nothing bad in giving my personal data, if after this he dont accept on me any restictions for cashot my moneys
One of the "pros" of Bitcoin or crypto-currency in general is you can be involved (trade, buy and such) in it ANONYMOUSLY. But in the past few months, looks like that's not the case.
Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too.
Is this a good thing or not? You thoughts?
Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too.
Is this a good thing or not? You thoughts?
It will only get worse in the future Its a good thing to stop all the people trying to avoid paying taxes when they cash out and its also a good thing to stop people using cryptocurrency for crime
Of course being anonymous on the net would be the best option. But times are changing and exchanges just have to enter it. Because many countries are already against trade. I agree to give my personal data, but this should be properly thought out by the exchanges themselves. For the registration stage, I already knew what data is needed for a successful withdrawal of money
This is certainly not a good idea because it shows that bitcoin transactions are traceable and that governments can know who purchased or sold bitcoin or other cryptocurrencies on those platforms. In this case, our privacy has been infringed upon, out of the meaning of bitcoin itself.
One of the "pros" of Bitcoin or crypto-currency in general is you can be involved (trade, buy and such) in it ANONYMOUSLY. But in the past few months, looks like that's not the case.
Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too.
Is this a good thing or not? You thoughts?
Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too.
Is this a good thing or not? You thoughts?
Yes bitcoin is anonymous but some ICO prefer to know their customers yo avoid smammers from attacking. As far as security is concerned, kyc is not the most effecient way to avoid scams but atleast they could know who they are transacting to.
I believe that the requirement of personal information breaks the basic principles of crypto currencies. If this goes on and people around the world do not resist it, then the crypto currency will not differ from the fiat money in any way and will simply be of no interest to anyone.
One of the features of bitcoin is its anonymity. This can be of both a positive and a negative trait of bitcoin. Some loves its anonimity and its speedy transaction while some are skeptic about it because anonimity of bitcoin can be used for illegal transactions.
Jump to: