Bitcoins are pseudonymous, and ease of tax evasion isn't really on the list of features and benefits, so who cares?
I imagine most BTC holders have every intention of paying taxes on realized gains, so they aren't going to be subjected to forensic examination.
For those looking to buy on Silk Road or move money across borders, you have to admit that it's trivial to buy and sell BTC without revealing your identity. A few precautions and it's really not going to be an issue for those determined to cover their tracks.
Topic: Bitcoins are the LEAST anonymous currency ever created - page 2. (Read 3276 times)
No, the solution is Litecoins gentlemen. If you move your BTC into LTC, and then into USD or Euro or back to BTC with a new address, its totally untraceable.
Furthermore, you can buy Bitcoins for cash in person, and sell them for cash in person. Good luck tracing that.
https://localbitcoins.com/
Furthermore, you can buy Bitcoins for cash in person, and sell them for cash in person. Good luck tracing that.
https://localbitcoins.com/
That's why you create a new address for every transaction.
And what mixers are for.
And what mixers are for.
Care to prove that mixers don't log connections between accounts?
http://bitcoin.stackexchange.com/a/2782
Even if I have my Bitcoin address in my signature, you can't prove that I actually own it unless you hack into my computer.
You've never been in court, I see. Legal 'proof' isn't held to the same level of rigor as in a mathematical theorem.
Strongly agree with the title.
True if you don't spend any. Once you do - out goes your identity.
Even if I have my Bitcoin address in my signature, you can't prove that I actually own it unless you hack into my computer.
True if you don't spend any. Once you do - out goes your identity.
Mixers can be compromised, how is this secure? Zerocoin seems to be the solution to this.
No, Ripples are even less anonymous.
Anyhow, there are proposals to layer anonymity on top of bitcoin, for those who really need it. See:
https://en.bitcoin.it/wiki/Zerocoin
Anyhow, there are proposals to layer anonymity on top of bitcoin, for those who really need it. See:
https://en.bitcoin.it/wiki/Zerocoin
If you read the actual Zerocoin paper, you realize how many fundamental changes it requires to the Bitcoin protocol/process. It's not a layer on top of Bitcoin so much as a fundamental rethinking about BTC semantics. And it only works when a large swath of miners actually use it (you can't just use Zerocoin on your own account and expect it to protect you). This will be a long, slow process.
http://spar.isi.jhu.edu/~mgreen/ZerocoinOakland.pdf
Linking someone's identity to their Bitcoin address is impossible if they took proper precautions. You don't need to provide any kind of identification to any authority to create a Bitcoin address. I'm going to have to disagree with the original poster.
No, Ripples are even less anonymous.
Anyhow, there are proposals to layer anonymity on top of bitcoin, for those who really need it. See:
https://en.bitcoin.it/wiki/Zerocoin
Anyhow, there are proposals to layer anonymity on top of bitcoin, for those who really need it. See:
https://en.bitcoin.it/wiki/Zerocoin
Even if I have my Bitcoin address in my signature, you can't prove that I actually own it unless you hack into my computer.
That's why you create a new address for every transaction.
And what mixers are for.
And what mixers are for.
Care to prove that mixers don't log connections between accounts?
That's why you create a new address for every transaction.
And what mixers are for.
And what mixers are for.
Every time you give someone your public address to recieve coins, you are creating an association with your identity and a bitcoin address.
But if you ever spend those coins, you are creating bulletproof evidence that you were in control of those bitcoins all along. This means that it is basically impossible to create any kind of anonymous transaction. It also means that bitcoin is a terrible tool for tax evasion. It also means that it will be trivial to provide back-dated proof of cross-border currency movement.
The block-chain is going to become a treasure trove of evidence for putting people away for money laundering.
Also, the whole argument of "oh, you could just say you lost your private key".
Not true, since if you ever spend those coins, you are proving that you did in fact have the key, and lied about it.
But if you ever spend those coins, you are creating bulletproof evidence that you were in control of those bitcoins all along. This means that it is basically impossible to create any kind of anonymous transaction. It also means that bitcoin is a terrible tool for tax evasion. It also means that it will be trivial to provide back-dated proof of cross-border currency movement.
The block-chain is going to become a treasure trove of evidence for putting people away for money laundering.
Also, the whole argument of "oh, you could just say you lost your private key".
Not true, since if you ever spend those coins, you are proving that you did in fact have the key, and lied about it.
Jump to: