Anonymity - page 2. | Bitcointalksearch.org

ChickenDuck

newbie

Activity: 113

Merit: 0

I think KYC is a good think for crypto world.

Quote from: otandelapaz on January 31, 2018, 04:20:21 PM

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?

antchains

member

Activity: 98

Merit: 16

Bitcoin is generally considered an anonymous payment network. But in fact, Bitcoin is probably the most transparent payment network in the world. At the same time, bitcoin can provide acceptable privacy if used properly. Always remember to develop good habits to protect your privacy is your own responsibility. And the biggest feature of bitcoin is not anonymity but the transfer of equal wealth with the fastest speed of transmission to the elimination of all kinds of ideologies in the world. You can figure out a person's identity by looking at the blockchain

nioctiB#1

full member

Activity: 308

Merit: 100

Quote from: otandelapaz on January 31, 2018, 04:20:21 PM

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?

Good question. Well even exchanges wants to give that anonymity to all traders, they cant do that for us because they dont want to have problems with regulation on countries where they are operating. so they have to know the identities of their customers to avoid money laundering and also to avoid criminals or terrorists to use their platforms.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Bitcoin transactions, AFAIK, are still (pseudo) anonymous; your identity will only be known once you decided to do things that are tied with fiat e.g. BTC/USD trading. Is that good? In a way, yes. For exchanges to continue to operate and serve its peers who rely on their service, they need to know the names of who they are dealing with, not only because it is a mandate from the government, but also to prevent money laundering that could happen well within their site. On the other hand, the exchanges keep a record of the names of the people who they've done business with, and if a hack occurs (exchanges are hot targets for that), the data might leak and may cause problems to those people whose names are recorded in the database of the exchanges.

If you send/receive btc/crypto exclusively, you don't have to give your identity up, but once you decided to use an exchange, that's the time when you have to comply and have your ID verified.

CryptoBry

sr. member

Activity: 1008

Merit: 355

Quote from: otandelapaz on January 31, 2018, 04:20:21 PM

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?

This is the power and influence of the governments making its way into the world of cryptocurrency. The only way to stop this incursions is to get rid of the governments we have which is kinda impossible (am not advocating a rebellion here let's make that clear). The point am making is that the governments can be too powerful for these exchanges to resist and legally the advantages is not on us. This is a big reality that cryptocurrency and its many supporter have to deal with. I am predicting that soon almost all governments that allowed cryptocurrency would be requiring KYC requirements. Its either we compromise or we might as well forget cryptocurrency because struggling against the governments can be futile much more that people are not that untied and that we are more concern on our selfish vested interests -- and that is to make as much money as we can from cryptocurrency.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: otandelapaz on January 31, 2018, 04:20:21 PM

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.

first of all bitcoin is not anonymous and it has never been anonymous.
secondly you can always be involved with bitcoin anonymously, better said with a high level of privacy.
and finally when you get fiat involved, your privacy and anonymity goes out the window. but that has nothing to do with bitcoin!

Quote

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?

good or bad, it has been like this for as long as KYC/AML laws existed which is probably 50 years or more. and these laws are because of fiat as i said above. it has nothing to do with bitcoin.

vinc3

sr. member

Activity: 309

Merit: 251

Make Love Not War

The endpoint of using bitcoin as of this writing will be leaving digital imprints especially when we use exchanges. When we use privacy coins like DeepOnion we are not usually leaving any imprints for it is based on tor protocol that let's you use different nodes before exiting the line, this way it can't be easily trace back to you. There will be a deeper way to send transactions here, and that is through deepsend it will be release in the future. With these kinds of coins we are getting back the freedom that bitcoin had in the past. And res-assured that the devs and mods are utilizing the current technologies to further improve the anonymity of a coin.

adekpulpen

newbie

Activity: 84

Merit: 0

I think anything related to the internet can be traced, not to mention bitcoin. Because as we know when we register VIP for bitcoin
you must provide complete self data so this may not be called anonymous unless you provide someone else's data for you to use in your VIP account.

levvv

member

Activity: 532

Merit: 17

Quote from: otandelapaz on January 31, 2018, 04:20:21 PM

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?

Of course this is not a good thing.
we are bitcoin user and holder, is want to remain our identity anonymous.
If our identity is exposed, then it will be no difference from other FIAT.

Dapper

sr. member

Activity: 560

Merit: 260

It's not anonymous on paper, but is still effectively 'plausibly' anonymous when applied. Yes, exchanges require KYC information nowadays, but who's to say who is cashing in? It's certainly not the bosses of criminal organizations. It's going to be pawns and low level disposable people. So you won't see too much of people getting caught for cashing in millions or tens of millions... they'll be cashing in 100k per person X thousands of people. Completely uninteresting to the news or law enforcement.

Combined with the fact that these people will be cashing in different countries than those that they operate in means that it is far less of an issue that bitcoin and cashing in bitcoin is not truly anonymous.

juiceannabel

newbie

Activity: 224

Merit: 0

Agree, the bitcoin essential value is Decentralized & Anonymity
If these values got erased, bitcoin is no more bitcoin.

robelneo

legendary

Activity: 3416

Merit: 1225

Quote from: otandelapaz on January 31, 2018, 04:20:21 PM

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?

I notice that too, that is to increase your withdrawal limit and if you are living in the United States they have that rules, in my opinion, there's advantage and disadvantage to this, it contradicts the cryptocurrency principles but in one hand it protects the site from illegal activity and transactions.

earl07

member

Activity: 168

Merit: 22

Quote from: otandelapaz on January 31, 2018, 04:20:21 PM

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?

I think this will change bitcoins nature,we all know that one of the reason why many people uses bitcoin is because of its anonimity,securing its owner from letting other people know the persons identity and to keep the user safe.Kinda sad that as time passes more and more regulations are being put to bitcoin,satoshi nakamotos purpose of creating bitcoin is slowly going to nothing.

Cryptoshops

member

Activity: 271

Merit: 10

Quote from: otandelapaz on January 31, 2018, 04:20:21 PM

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?

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

h55

member

Activity: 210

Merit: 11

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. Roll Eyes

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

It's of course bad that exchanges want us to verify but there are two sides of the story. They have to comply with the law if they want to run a business and the law says that if you're allowing people to exchange money you need to ask them for their names. Fiat money is owned by the country and they can require identification from people who want to buy or sell their money because, I'll repeat this, it's not your money!

If they want your full name to allow you to exchange virtual tokens then it's an abuse IMO, but if this is only to allow you to buy fiat it's understandable.

Hexah

sr. member

Activity: 728

Merit: 265

It probably break some laws the anonymity features has never been achieved fully because of that new regulations. It sure really a good thing for the company since they know who are their costumers are, but probably on the costumers/investors their part really has vulnerabilities because it probably gives them some risk to publicize their true identities. Risk is accounts will be vulnerable to some hackers.

Rozita

full member

Activity: 658

Merit: 108

Sadly this is exactly the opposite of bitcoin creation goal. Now most of the people who have invested in bitcoin are not anonymous, specially when people want to trade cryptocurrencies with fiat.
It is bad because bitcoin has been created to being anonymous. But we cannot ignore illegal activities that can be made using bitcoin.

arlington

sr. member

Activity: 476

Merit: 250

in one perspective it is a contradiction to the mission of crypto world but on the other hand it would be a good thing to stop the btc usage for illegal activities (the reasons that most use against btc)

TheySeeMeHodlingTheyHatin

jr. member

Activity: 70

Merit: 5

i think you can still buy bitcoins from a atm machine anonimously

Topic: Anonymity - page 2. (Read 515 times)