bitcoin legal vs illegal ??? - page 2.

Immakillya

sr. member

Activity: 560

Merit: 269

Quote from: pawanjain on March 05, 2017, 10:29:38 AM

At one side we are saying every transaction in the Bitcoin is free to see by anyone ( which is really a thing which increases our trust , faith in the Bitcoin )

Not really, they cannot see your transactions unless you give the txid publicly.
But it's true. Transparency on transactions is the key why bitcoin is so popular these days.

Quote

but opposite of this
most of the wallets have the service of multiple address.
like mysellium which has a property of change address after every transaction .
And also blockchain whose address per hours per minute changes .

Do you think guys that to make Bitcoin more legal the option of varying address should be removed from the Bitcoin network and make it tracebale at every point .

That's the way it is mate. What the sense of using this technology? Bitcoin is used for anonymous transactions and for protection also. Using only one wallet address can cause users being traced or hacked by bad guys. Multi address is the way to keep your bitcoin from prying eyes of these bad guys

Gameroid

hero member

Activity: 798

Merit: 501

Quote from: glowing10 on October 11, 2017, 01:10:27 PM

Quote from: jilani on September 28, 2017, 12:55:24 AM

Just stupid peoples say Bitcoin is illegal.I believe Bitcoin is legal every sector.But i something heard Bitcoin is illegal for few asia countries such as Bangladesh.But i don't know why Bitcoin is illegal in this country.

There are few countries where btc is illegal because their government does not want to promote them as they consider that they will not be able to regulate and control it. Thus it could be a national threat if it can be misused it. So in order to avoid such situation they prefer to ban it.

Yes I agree with you that many unaware people of bitcoin benefits say that bitcoin is illegal. I think there is no doubt that bitcoin is legal and the reason is that people all over the world are investing in bitcoin and for many people bitcoin is the only source of income like me. I also earn from this forum means a way of earing from bitcoin related site. Illegal thing will never gain such popularity all over the world.

glowing10

full member

Activity: 812

Merit: 142

Quote from: jilani on September 28, 2017, 12:55:24 AM

Just stupid peoples say Bitcoin is illegal.I believe Bitcoin is legal every sector.But i something heard Bitcoin is illegal for few asia countries such as Bangladesh.But i don't know why Bitcoin is illegal in this country.

There are few countries where btc is illegal because their government does not want to promote them as they consider that they will not be able to regulate and control it. Thus it could be a national threat if it can be misused it. So in order to avoid such situation they prefer to ban it.

Emmami@758

newbie

Activity: 42

Merit: 0

Quote from: pawanjain on March 05, 2017, 10:29:38 AM

At one side we are saying every transaction in the Bitcoin is free to see by anyone ( which is really a thing which increases our trust , faith in the Bitcoin )

but opposite of this
most of the wallets have the service of multiple address.
like mysellium which has a property of change address after every transaction .
And also blockchain whose address per hours per minute changes .

Do you think guys that to make Bitcoin more legal the option of varying address should be removed from the Bitcoin network and make it tracebale at every point .

most of the people saying bit coins are illegal but its fake. bit coins are made for legal process purpose. but somebody misusing bit coins in illegal process. it may happens mostly in Asian country's. here in more country's stupids can use bit coins for illegal business purpose. but bit coins are legal, when government declare directly it is legal up to now like this comments are not enough.

jilani

full member

Activity: 244

Merit: 100

Just stupid peoples say Bitcoin is illegal.I believe Bitcoin is legal every sector.But i something heard Bitcoin is illegal for few asia countries such as Bangladesh.But i don't know why Bitcoin is illegal in this country.

Nameless27

sr. member

Activity: 322

Merit: 253

Quote from: pawanjain on March 05, 2017, 10:29:38 AM

Do you think guys that to make Bitcoin more legal the option of varying address should be removed from the Bitcoin network and make it tracebale at every point .

I don't see anything wrong with you're idea, I think it's doable and can be studied to insert by government as part of Implementing Rules and Regulation(IRR) on local exchanges provider that is licensed and regulated.
At that moment most criminal activity be limited and can be tracked if they used those monitored address. But as my country's concerned about internet security is limited as we are part of the third world country.

zahed

full member

Activity: 344

Merit: 107

Couple of a months my BTC transaction with https://coinbase.com but this wallet is generate many address after within one or two days.But i faced no problem and transaction is sucessfully finished.

Theb

hero member

Activity: 1680

Merit: 655

From what I know even if you have the power to change Bitcoin addresses in one wallet everything will still be connected and can be identified to belong in one wallet. That is why you can still track them even if they change their wallet address inside their one account. Well it does not change the fact that if its illegal in one country you can still hide and hide, everything will be revealed one day you know.

ClvrGmr

full member

Activity: 322

Merit: 100

Quote from: pawanjain on March 05, 2017, 10:29:38 AM

At one side we are saying every transaction in the Bitcoin is free to see by anyone ( which is really a thing which increases our trust , faith in the Bitcoin )

but opposite of this
most of the wallets have the service of multiple address.
like mysellium which has a property of change address after every transaction .
And also blockchain whose address per hours per minute changes .

Do you think guys that to make Bitcoin more legal the option of varying address should be removed from the Bitcoin network and make it tracebale at every point .

Well there are two main reasons why it should be removed or it shouldn't be removed. One, the varying address regardless of its interval, whether pero our or per transaction, is to protect the receiver or the sender. Varying addresses makes it complicated to trace the information about the sender or the receiver at the same time it disadvantage is it can be used as a camouflage to illegal transactions. Two, if removed and there will be only one unique address for every wallet it will be like a real wallet but virtually. The disdvantage of this is it will be prone to hackers and thiefs because they can focus on one unique wallet and try to dig it up for bitcoins.

As we can see there is always a bright side and the downside of a choice but this can't be avoided so it is just a matter of preference. Great choice will lead to successful progress.

SirLancelot

hero member

Activity: 2646

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Quote from: flozanoh on May 26, 2017, 06:38:11 PM

Hello

this is the first time I come here, I don't know much about Bitcoin, do you know where can I fond some information about Bitcoin in Spanish. I'd like to use this system to pay to the users from my webpage www.juegoskids.com. 6 months ago I paid to the users with Paypal, but I'd like to pay with Bitcoin from now on.

Welcome abroad the biggest Bitcoin form on planet Earth. This forum has a Spanish board here: Bitcoin Forum > Local > Español (Spanish)
https://bitcointalk.org/index.php?board=27.0
Get connected with bitcoiners and developers who are proficient with Espanol. All the best for your website, good thought that you want to switch to Bitcoins as a mode of payment.

iyan33

sr. member

Activity: 434

Merit: 250

I agree with you as long as there are no regulations that prohibit the use of bitcoin because of its legality, maybe we can still use bitcoin either as a means of payment transactions or for other business fields such as trading.

Oo ako to

full member

Activity: 238

Merit: 100

Quote from: DarkKnight68 on May 26, 2017, 09:58:37 AM

Honestly, I don't see any issues regarding the legality of bitcoin due to the facts given. Is there an actual law (internationally or locally) that provides that a transaction that cannot be traced is illegal??

Please enlighten me if I'm not seeing the point or if I'm wrong thank you.

As long as there is no law that disallowing untraceable transaction then there is nothing to worry about. But as far as I know, everything in the web is traceable so we don't have to worry on that issue.

Milo_Kidd

full member

Activity: 168

Merit: 100

One example of legal btc transactions is when you buying something online or paying bills through internet or cards. Theres nothing wrong about that but, btc transaction can also be used in illegal. Just like happened few months ago that there is a woman payed btc to record herself while killing the child.

Hacking is also be illegal and cybersex payed by btc. So we know that everyone of us doing thing for a reason to get what we want. But, be intelligent enough to know if its in a legal way or illegal way. Try not to against the law.

Gaaara

hero member

Activity: 1106

Merit: 501

Quote from: BTCwoker on July 22, 2017, 06:24:32 AM

I am a regular user of the Bitcoin technology. it is legal or not, doesn't matter because I have no issue with my payments through Bitcoin.

If it will be illegal then you might have a problem, goverment can trace you no matter what, I've read a post regarding the tax of governments and they can really trace someone that is currently using bitcoin, but I think that doesn't work in every country including mine there is no way that our governments can find us as they're still not aware of bitcoin and other cryptocurrency's existence.

BTCwoker

newbie

Activity: 43

Merit: 0

I am a regular user of the Bitcoin technology. it is legal or not, doesn't matter because I have no issue with my payments through Bitcoin.

ecnalubma

sr. member

Activity: 1540

Merit: 420

www.Artemis.co

It is legal when your using it right it is illegal when your using it wrong. Changing bitcoin addresses doesn't matter, anybody can create multiple addresses if they want. What matters only is your purpose of using bitcoin either evil or in good.

Blackwhite69

sr. member

Activity: 560

Merit: 250

Quote from: DarkKnight68 on May 26, 2017, 09:58:37 AM

Honestly, I don't see any issues regarding the legality of bitcoin due to the facts given. Is there an actual law (internationally or locally) that provides that a transaction that cannot be traced is illegal??

Please enlighten me if I'm not seeing the point or if I'm wrong thank you.

I think you're right because actually there is no problem and i don't know the law that it is illegal to transaction unknowns

zulkarnaen

sr. member

Activity: 504

Merit: 250

Perhaps in some countries that have declared the legality of bitcoin as a digital currency must have bitcoin management regulation. But unlike an illegal country with bitcoin but not forbid its users, of course still have a free chance in business in bitcoin. I think legal or illegal bitcoin is not a significant problem as long as the transaction is done no problem.

[email protected]

newbie

Activity: 1

Merit: 0

ter varios endereços nao indica precisamente que vc esta ilegal e so mais uma forma de vc poder diversificar seus recebimentos de moedas virtuais!

ezzy.co

newbie

Activity: 28

Merit: 0

I don't think it make sence to remove it, cause you can create another wallet if you need more anonimity.

Topic: bitcoin legal vs illegal ??? - page 2. (Read 5799 times)