bitcoin legal vs illegal ??? | Bitcointalksearch.org

Lancusters

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Quote from: chineseprancing on December 04, 2017, 09:50:58 AM

Quote from: BlackPanda on October 18, 2017, 07:44:17 AM

Quote from: btc-facebook on October 18, 2017, 04:39:39 AM

That's why my government still not legalize bitcoin yet as I know bitcoin untracable and it become the advantage for corruptor which my people are against with them.
Although bitcoin still not legalize yet but I still can use bitcoin with my own risk !

Lots of people are not responsible for using bitcoin. they use bitcoin for a crime. I also use bitcoin at this time and in my country there has been no legal or illegal action of bitcoin. it all depends on yourself, because I'm sure when we use bitcoin well then we will produce good thing and when we use bitcoin for negative actions then I am sure bad thing will happen. indeed it will not happen at this time, but it is all because we get the results of what we have done.

Actually bitcoin or any crypto currencies are not legal in our country, but it is also not illegal because even crypto currency in our country are not covered by the government, they can also followed to the rules and regulations of our country. So meaning to say using bitcoin or any other altcoins it is not prohibited to used.

Definitely our country are very thankful to the crypto currencies because using of this currency some jobless in our nation were got work thru help of them.

If the unemployed get a job using bitcoin it means that they have a good education. I guess we can't call them unemployed in the classical sense. They just don't agree with the wages they offer and do not want to work. Bitcoin now can really bring a good profit. The state can not compete and therefore will apply repressive measures to the users of bitcoin.

chineseprancing

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Quote from: BlackPanda on October 18, 2017, 07:44:17 AM

Quote from: btc-facebook on October 18, 2017, 04:39:39 AM

That's why my government still not legalize bitcoin yet as I know bitcoin untracable and it become the advantage for corruptor which my people are against with them.
Although bitcoin still not legalize yet but I still can use bitcoin with my own risk !

Lots of people are not responsible for using bitcoin. they use bitcoin for a crime. I also use bitcoin at this time and in my country there has been no legal or illegal action of bitcoin. it all depends on yourself, because I'm sure when we use bitcoin well then we will produce good thing and when we use bitcoin for negative actions then I am sure bad thing will happen. indeed it will not happen at this time, but it is all because we get the results of what we have done.

Actually bitcoin or any crypto currencies are not legal in our country, but it is also not illegal because even crypto currency in our country are not covered by the government, they can also followed to the rules and regulations of our country. So meaning to say using bitcoin or any other altcoins it is not prohibited to used.

Definitely our country are very thankful to the crypto currencies because using of this currency some jobless in our nation were got work thru help of them.

jungwong

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Bitcoin is NOT currency and never will be. Can you buy stuff with it - yes. Is it legal -yes, who can forbid to sell something in exchange of anything?

carlfebz2

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The key problem is that bitcoin is a huge and better competitor for the fiat money system of the banks who owns the governments. In many cases the total debt of a country is similiar to what this country has paid as interest for money they have borrowed from the private banks. In other words, if governments wouldn't borrow money for interest from banks, then the total debt of a country could be zero and there would be much more money available for the people.

So if a country declares bitcoin as illegal, then because it's a dangerous system for their money printing system and not because you have the option to use it anonymous. And as several countries already declared it as legal confirms that the possible anonymous use of bitcoin is irrelevant for this decision.

This is true on which there would be always a friction among two things and this is why banking system do really see bitcoin as a competition but yet some wont really bother at all because they know that people or community would still able to stick on traditional ways that they know specially if its backed by the government.Come to think off that most people would really always rely on those things that being legalized or backed by them.

WhiteOutMashups

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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 .

Changing the core blockchain design is never the way forward. None of it would be where it is today without it. It is the legal framework and mindset that needs to be changed, not any parts of the technology.

Awnar

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Quote from: BlackPanda on October 18, 2017, 07:44:17 AM

Quote from: btc-facebook on October 18, 2017, 04:39:39 AM

That's why my government still not legalize bitcoin yet as I know bitcoin untracable and it become the advantage for corruptor which my people are against with them.
Although bitcoin still not legalize yet but I still can use bitcoin with my own risk !

Lots of people are not responsible for using bitcoin. they use bitcoin for a crime. I also use bitcoin at this time and in my country there has been no legal or illegal action of bitcoin. it all depends on yourself, because I'm sure when we use bitcoin well then we will produce good thing and when we use bitcoin for negative actions then I am sure bad thing will happen. indeed it will not happen at this time, but it is all because we get the results of what we have done.

Well its not like they use it illegally but usually users of bitcoin are unknown so their is a probability that people would use it bad purpose. That why some exchange sites or even wallets are strict on implementing 2f authorization. Some also do not agree about giving personal info but its better be secured than getting hacked.

BlackPanda

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Quote from: btc-facebook on October 18, 2017, 04:39:39 AM

That's why my government still not legalize bitcoin yet as I know bitcoin untracable and it become the advantage for corruptor which my people are against with them.
Although bitcoin still not legalize yet but I still can use bitcoin with my own risk !

Lots of people are not responsible for using bitcoin. they use bitcoin for a crime. I also use bitcoin at this time and in my country there has been no legal or illegal action of bitcoin. it all depends on yourself, because I'm sure when we use bitcoin well then we will produce good thing and when we use bitcoin for negative actions then I am sure bad thing will happen. indeed it will not happen at this time, but it is all because we get the results of what we have done.

btc-facebook

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That's why my government still not legalize bitcoin yet as I know bitcoin untracable and it become the advantage for corruptor which my people are against with them.
Although bitcoin still not legalize yet but I still can use bitcoin with my own risk !

Lancusters

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Illegal activity is the prerogative of law enforcement agencies. Find and fight crime is their job and they get paid. They use bitcoin or Fiat, it doesn't matter. To accuse bitcoin of all sins is an attempt to avoid responsibility for inaction. That's why I do not feel guilty that you don't pay taxes. The government inefficiently spends my taxes and I have no way to change it. Maybe bitcoin will force officials to think about it?

orions.belt19

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Quote from: jekjekman on October 12, 2017, 11:01:14 AM

Bitcoin is a digital currency and just like any other Fiat or local money it has an evil side so there is a legal and illegal side also, for me it is just the purpose on where will you use that money or where did you get it because at the end of the day it has already have a value so it can be exchange for something that is good or bad.

I can't really understand those people saying that Bitcoin is for terrorist, criminal, and evil doings. It is just like all the people that is going to the church is so clean that they didn't even do any bad things in their life or even after they made a prayer. There is a saying that 'Money the Root of Evil' so it is what it is.

It really depends on the person or user as to whether how they will use it and determines whether it is for good or bad. Even fiat money which is considered legal and recognized by jurisdiction, transactions are tracked, yet may still be used for illegal activities. Even if it were to be traceable and made legal just as OP said, it may still be used illegally if the user had the intention to. Making it legal and creating regulations may only prevent it.

It's a misconception that bitcoin is used solely for illegal activities such as buying drugs and the like although there is some partial truth to it. It's nature makes it seem like it is used for these kind of things and it's sad that is being falsely associated to illegal acts.

legendbtc

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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.

People are not using wisely and makes Bitcoin as illegal, I think very people are crashing the reputations and makes Bitcoin is illegal activity. I think many people are using it wisely and making legit transaction with Bitcoin and I don't find any negativity in it.

SvenBomvolen

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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.

Call me all those countries who admire Bitcoin as illegal. I must be don't know any, cause of I didn't hear that any country would ban Bitcoin or admited it as illegal. Yes, they are admiring ICOs as illegal and exchangers, but not Bitcoin and crypto-currencies :-)

pri3oner

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Why do u ask this question? The answer depends on the time. It will take years to become legal. As someone has said the answer depends on mentallity of the country, economic situation and so on. Every new technology (if we can call it so) has its own advantages and disadvantages like being viewable by everyone (blockchain) vs multiaccounts. Every modern convinince like online banking has pros'n'cons = white'n'dark sides of using it for people. I mean lawful human vs hacker. They both use this system but the goals are different. Summarizing my opinion I'd conclude that ur question will be answered by itself in the near future.

AmXProX

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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.

I think Nepal is the only country that considers it illegal, other countries are just prohibiting trading bitcoin but you will not be penalized if you possess it.

jekjekman

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Quote from: Qartersa on October 12, 2017, 11:33:21 AM

It can be both legal and illegal depending on where you reside vis a vis the laws in force in your country of residence. Mind it when the prohibition applies to you. Also, mind it if it applies to whom you transact with to protect your interests. In short, we have to be mindful of our transactions so we know if we are gambling or doing business at our own risk.

Yes! for now bitcoin is still on it's honeymoon stage, not all country officials are considering it as a true currency, no rules or laws are being specifically applied to it. Maybe in the future they will be more strict on regulating exchanges for BTC.

drm

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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 .

Bitcoin = freedom

Everything that goes through banks is already trackable (most of the btc are as well I guess), but why would we want bitcoin to become similar to that?

Qartersa

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It can be both legal and illegal depending on where you reside vis a vis the laws in force in your country of residence. Mind it when the prohibition applies to you. Also, mind it if it applies to whom you transact with to protect your interests. In short, we have to be mindful of our transactions so we know if we are gambling or doing business at our own risk.

jekjekman

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Bitcoin is a digital currency and just like any other Fiat or local money it has an evil side so there is a legal and illegal side also, for me it is just the purpose on where will you use that money or where did you get it because at the end of the day it has already have a value so it can be exchange for something that is good or bad.

I can't really understand those people saying that Bitcoin is for terrorist, criminal, and evil doings. It is just like all the people that is going to the church is so clean that they didn't even do any bad things in their life or even after they made a prayer. There is a saying that 'Money the Root of Evil' so it is what it is.

Rajamuda

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Legal or illegal in bitcoin transactions, not so affect to me and so far I'm still safe in bitcoin transactions and I've never do inappropriate actions in transactions bitcoin. Well hopefully everyone who uses bitcoin can continue to act properly in transacting bitcoin (not doing a crime in it) in the transaction, that's can be said illegal.

Kingofbitcoin12345

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Op has a point in which why do exchanges keep on changing its bitcoin address every now and then.. Maybe it’s high time for the government to make a move to change this practice for those criminals would be easier to be traced.. In the end of the day,, it will help the community to trust bitcoin when we are cooperative enough for the security of all..

Immakillya

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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]

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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

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

Amph

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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.

probably not regulated like in other country of europe, for european country there is the central bank that decide everything, and besides being exempt from vat they say nothing else

you can go ahead and use without issue, just report your capital gain when you do the claiming every year

flozanoh

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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.

jasonroy

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Legal in some countries
this forum is an awesome place to earn money just by placing our views of the mentioned topics but it's really time-consuming task it takes about an hour to reply to at least 5 topics daily so understanding the topic and replying accordingly takes a lot of time. but well for jobless and hopeless guys it's the perfect source of earning. some teens are wasting time by playing addictive games like candy crush andmini militia instead, if they invest those time in this forum then they would definitely earn about $40 monthly

DarkKnight68

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Make Your Passion Your Addiction.

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.

marketone

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Quote from: zeze18 on April 06, 2017, 11:29:44 PM

I think bitcoin transactions legally or not it does not affect me,
because this salama I've never had trouble in the transaction by using biotcoin

But when government legalized the bitcoin may be rules will change we have to use only address for person because it order to trace it. Right now transactions are taking long but once segwit happens the price of bitcoin will increase more.

kpcian

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I think it doesn't matter whether addresses remove or not if anybody wants to create another wallet so that one can easily. nowadays people are interested in using bitcoin because of trackless. so some people really wants to be hidden.
So from my perspective, bitcoin is not illegal, day by day it's getting more powerful and acceptable so many countries already approved as a currency and it's already made its platform as a virtual money.

Yuuto

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I have something to say for all those, who want to see the option of varying addresses to the same wallet being removed:

Are you aware that some of the altcoins that have already been created, are 100% anonymous?
It means that you cannot track someones wallet just by having his address number ( like it is in bitcoin, if the option of different addresses to one wallet is enabled ) but you totally can't trace the people.

So if someone really wants to stay anonymous, and he needs to pay for something through the web- why would he use bitcoin?
He can just go for monero, and pay for the stuff with it.

Erasing the varying address option would be a very big mistake, because many of the current bitcoin users would simply leave it, and stick with some others cryptocurrencies, which may provide them privacy.

BigBall

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I think that it is good to have multiply adresses because there are many kind of earn money online business for which is good to have more than 1 bitcoin adress so I think that bitcoin is legal with that option.

darkangel11

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

Quote from: Realtech on April 10, 2017, 04:49:42 PM

yes i agree to that bitcoin is not illegal,just because is not tracable

2 wrong assumptions in such a short sentence.
1. It IS traceable. Not always to your own name, but bitcoins whole history is visible on blockchain. You can find where and when the coins were mined and so on.
If you decide to cash out on an exchange it will also be possible to get your account number and trace it to you
2. Legality has nothing to do with traceability.

Realtech

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yes i agree to that bitcoin is not illegal,just because is not tracable

Ankara

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Should it be illegal to own multiple physical wallets in different locations? If not why should it be illegal to own multiple virtual addresses. That is not even worth considering to why bitcoin should be legal or illegal.

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Quote from: mrcash02 on March 05, 2017, 09:44:02 PM

If people wants to change their address after every transaction it's because they don't want or they can't be tracked. The virtual world is different from the physical, I believe on the internet people have more freedom and privacy to do what they want and as Bitcoin is a decentralized currency and brings a "decentralized" filosofy, I think if this feature would be removed the purpose and filosofy of Bitcoin would be affected, on the another hand it could help law forces to spot thieves.

Thats it, I cannot understand why would anyone want to remove the option of changing deposit address for example, every hour.
If someone want to stay private in the Internet, then why you guys are against it?

Decentralization means it is not controlled by the goverments but they could track every transaction and list them to specific address and the address would be listed to the real person.

Leave it like it is, if this option will be removed, many people will go for altcoins.

darkangel11

legendary

Activity: 2478

Merit: 1360

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

Quote from: zeze18 on April 06, 2017, 11:29:44 PM

I think bitcoin transactions legally or not it does not affect me,
because this salama I've never had trouble in the transaction by using biotcoin

Are you using google translate to write posts? If you do, at least try to check if all of your original text got properly translated and not converted to something else Roll Eyes

You owe us this much.

If it becomes illegal in Indonesia I'm quite sure it will affect you.

audaciousbeing

hero member

Activity: 1330

Merit: 569

The issue about the legality of bitcoin is still a dicey one in most countries of the world and the issue of the multiple addresses in my own opinion, does not affect legality in any way because even in the Fiat world that depends on the banking system. After all, I have seen individuals having several bank accounts in a bank or several banks but connected through verification process and this has not stopped the legality of Fiat.

zeze18

sr. member

Activity: 938

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I think bitcoin transactions legally or not it does not affect me,
because this salama I've never had trouble in the transaction by using biotcoin

Hazir

legendary

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Merit: 1005

★Nitrogensports.eu★

- storing bitcoin is free, but sending transaction is not. You will have to pay the fee, that is a toll for using BTC network.
- what is wrong with multiple bitcoin address being available for everyone, it only increase our privacy
- you are talking about HD wallets which generate wallet for every transaction, you don't like it, use Bitcoin Core

olubams

hero member

Activity: 798

Merit: 503

The first thing we need to identify is what is the basis of the multiple addresses because sometimes when determining the legality of an action, the intent is allowed to take precedence over the action itself and in this case this is what I see. So, I dont see that as a reason to determine the legality of a transaction and moreover the change in address is an optional thing so you have the option to decide whether to use it or not...

1.btcwonder

newbie

Activity: 42

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It dependent on what you’re undertaking with it. The legitimateness of your bitcoin exercises will rely on upon your identity, where you live, and what you are doing with it.The legal status of Bitcoin exchange is very misty and it varies from country to country. Some countries prohibit the exchange of Bitcoins but on the other side, some countries give a legal or not too heavily regulated viewpoint to Bitcoins. the
legitimate status of bitcoin differs considerably from nation to nation and it is yet indeterminate because it's legal or illegal status is changing day by day in many countries.

Proficient

newbie

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Quote from: Amph on March 07, 2017, 02:01:26 AM

it doesn't make sense to remove it, because i can simply create another wallet if i want more anonimity, and creating another wallet is more anonymous than making more address with the same wallet

not to mention it also lower your average transaction size, it's a win win situation, for everyone using bitcoin

True, and all that making people keep the same address would do is either to create new wallets or to just move to a more anonymous cryptocurrency, like cloakcoin which some people seem to like.

Countries will decide whether Bitcoin should be legal or not partially based on their commitment to privacy, but ultimately no one can entirely ban something on the Internet unless they entirely remove the conventional Internet for their own purposes (e.g. North Korea's intranet), and by compromising its principles Bitcoin would leave itself vulnerable because if a government decided to ban it, people would find it much harder to hide their use.

SHAWN-MIDWAYS

hero member

Activity: 686

Merit: 521

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 )

The public ledger(blockchain) is not only a matter of trust, its also more the skeleton of bitcoins functionality.

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 .

I don't think its legality standing in the way of having multiple addresses but on a hodlers point of view having multiple addresses allows tracking your savings towards your goals and allows spending funds on everyday necessities without tempering with your hodl. So scraping the dynamic address generation is a NO for me!

Amph

legendary

Activity: 3248

Merit: 1070

it doesn't make sense to remove it, because i can simply create another wallet if i want more anonimity, and creating another wallet is more anonymous than making more address with the same wallet

not to mention it also lower your average transaction size, it's a win win situation, for everyone using bitcoin

veleten

legendary

Activity: 2016

Merit: 1107

what a load of bull
if you want you can trace every transaction nregardless of whether a new address is used or not
if you consolidate your funds you will use your old address and it will be prefectly traceable to whoever is persistent enough
also give me a reason why would you want less privacy and anonymity?

mrcash02

hero member

Activity: 1190

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CryptoTalk.Org - Get Paid for every Post!

If people wants to change their address after every transaction it's because they don't want or they can't be tracked. The virtual world is different from the physical, I believe on the internet people have more freedom and privacy to do what they want and as Bitcoin is a decentralized currency and brings a "decentralized" filosofy, I think if this feature would be removed the purpose and filosofy of Bitcoin would be affected, on the another hand it could help law forces to spot thieves.

Nekutasa

full member

Activity: 182

Merit: 100

I agree with you that the option of different addresses should be removed, but I dont think that transactions being tracable make bitcoin illegal. Personally I really dont mind if it's tracable or not, it's always been like this and it never had a negative impact on me. I think that tracable transactions are beneficial because for example if you send out a payment, the recipient can confirm through a txid or a tracable transaction.

pawanjain

hero member

Activity: 2702

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Nothing lasts forever

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 .

Topic: bitcoin legal vs illegal ??? (Read 5799 times)