BTC holders, do not reveal your identity online - page 3.

Yatsan

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Quote from: glendall on June 04, 2023, 06:06:37 PM

the confidentiality of BTC ownership must be maintained, even if it's our family,
in the case that we publish BTC ownership it will pose a heavy risk for ourselves, not only criminals, the tax mafia will also hunt us down in terms of taxes, because crypto has not been legalized in my country so it is hard for me to give my money to the country, not I am not tax abiding but at least crypto is legalized I wouldn't mind paying the taxes

Exposing oneself would also open tendencies of accidentally encouraging some people around you to do so. And once unfortunate thing happen such as dump in market prices, you'd be one for sure to blame. I guess this is more likely and more often to happen than with tisks involving taxation. Taxation on the other hand is impossible if they won't have access with your transactions. Governments also won't know all of your wealth in this industry, in an instant. It is our influence as investors which would be at risk from criticism.

Also, the only reason why some people are exposing their wealth in this industry is to brag, but are hideous whenever the market prices are falling.

glendall

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the confidentiality of BTC ownership must be maintained, even if it's our family,
in the case that we publish BTC ownership it will pose a heavy risk for ourselves, not only criminals, the tax mafia will also hunt us down in terms of taxes, because crypto has not been legalized in my country so it is hard for me to give my money to the country, not I am not tax abiding but at least crypto is legalized I wouldn't mind paying the taxes

Baofeng

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Here is one English reports about this case, Missouri doctor John Forsyth last seen getting into mystery car before being found dead in lake: brother.

The article didn't mentioned about his involvement in crypto, specially in BTC. So it's hard to conclude initially if this is homicide is related to it. And as per the news report:

Quote

Richard Forsyth said that his brother has previously been involved in dangerous situations and that he was kidnapped and released in February 2022.

So I guess we will have to wait and see, maybe the said doctor might have been involved himself which gang or any dangerous criminals.

The Cryptovator

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Privacy is a crucial aspect for crypto users. If your privacy is compromised, it can lead to significant trouble. If the incident in question is true, sorry for it. Greedy individuals around us can pose a serious threat, making it harmful to share details about our crypto holdings. I don't even discuss my holdings with my family, as it could potentially leak and put me in a troublesome situation. Therefore, we must exercise extreme caution. The beauty of crypto is that we can participate without divulging the specifics of our actual holdings.

qwertyup23

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Quote from: Z-tight on June 04, 2023, 12:04:54 PM

I can't read the content of the link you posted, but from your explanation there is no certainty that this individual was killed because they have a lot of BTC, people get kidnapped and killed everyday for different reasons.

But the message of your topic is correct, keep your privacy, don't tell people you have BTC and try as much as possible to use decentralized services, so you don't have to submit kyc everywhere. You can be a victim of a $5 wrench attack if you reveal too much of your identity to the public.

Though I agree with keeping your privacy, I think this applies to persons who have a relatively high number of BTCs at their disposal. In addition to this fact, this implies that such person is also flaunting their BTCs which compromises their safety more.

If you have a number of BTCs, it really recommended that you keep yourself low-profile. Even forum users are very keen with their identity, trying not to reveal the slightest details about their safety and identity due to fears mentioned like this one.

cryptomaniac_xxx

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Well everyone here is anonymous, unless you yourself tells someone that you have stash of bitcoin somewhere else, in your laptop or in your phone. And with that, you will be a target for criminals because you will be an easy target for them and steal your BTC.

This could be a 5 dollar wrench attack that gone wrong,

https://cointelegraph.com/news/5-wrench-attacks-appear-to-be-on-the-rise-in-the-crypto-community

hannahB4

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I have read a story related to this not sure if is the same person or not. For me, the cause of his death is unknown; it might not even be related to Bitcoin but the fact that he is wealthy. One needs to be careful in dealings with people within and around because they might indirectly be the ones to cause your downfall.

SatoPrincess

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Look at it this way, how can a founder of a crypto project such as this be anonymous or make people believe he doesn’t have bitcoins locked away someplace. Take CZ of Binance for example, we don’t have to link him to a wallet to know he has a good amount of bitcoin. For these persons who are in the public eye, it’s impossible to dissociate themselves from public scrutiny. However for the regular joe, it’s very much possible to maintain privacy and keep your bitcoins unlinked to your identity.

TimeTeller

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Quote from: Botnake on June 04, 2023, 02:56:44 PM

Quote from: Z-tight on June 04, 2023, 12:04:54 PM

I can't read the content of the link you posted, but from your explanation there is no certainty that this individual was killed because they have a lot of BTC, people get kidnapped and killed everyday for different reasons.

But the message of your topic is correct, keep your privacy, don't tell people you have BTC and try as much as possible to use decentralized services, so you don't have to submit kyc everywhere. You can be a victim of a $5 wrench attack if you reveal too much of your identity to the public.

Having a lot of bitcoin will not put you into danger, but if you tend to make yourself known about it in public that you are hodling a lot of bitcoin, I guess that will be the start of living your life with possible danger. People who live with so much luxuries that they become careless and not cautious the whole time, then they are the one putting theirselves into danger. However, if they keep their privacy and live life like those who are in budget, probably they will never become any target for kidnapping or killing.

One thing to avoid this is not to post any of your crypto dealings over the internet, or on any social media channels.
Just be silent about what you are doing and don't disclose to anyone that you are into this market.
Aside from avoiding any possible danger, you won't need to explain to anyone about your transactions.
You will find out that you will live a peaceful life as you only need to secure your funds from the bad actors over the net.
The problem with the younger generations today is that they post whatever they think on their social media channels, that's where they are subjecting themselves to be a potential victim as predators are lurking around.

Botnake

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Quote from: Z-tight on June 04, 2023, 12:04:54 PM

I can't read the content of the link you posted, but from your explanation there is no certainty that this individual was killed because they have a lot of BTC, people get kidnapped and killed everyday for different reasons.

But the message of your topic is correct, keep your privacy, don't tell people you have BTC and try as much as possible to use decentralized services, so you don't have to submit kyc everywhere. You can be a victim of a $5 wrench attack if you reveal too much of your identity to the public.

Having a lot of bitcoin will not put you into danger, but if you tend to make yourself known about it in public that you are hodling a lot of bitcoin, I guess that will be the start of living your life with possible danger. People who live with so much luxuries that they become careless and not cautious the whole time, then they are the one putting theirselves into danger. However, if they keep their privacy and live life like those who are in budget, probably they will never become any target for kidnapping or killing.

Distinctin

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Quote from: uneng on June 04, 2023, 11:56:57 AM

People who possesses large amounts of money have to adopt extra security measures. They can't give themselves the luxury of being so careless over their physical integrity like a person who works for a minimum wage is routinely. Investments are needed on cameras, high walls, electric fences, alarms and even bodyguards. A millionaire should never be alone or solely accompanied by people he doesn't fully trust.

I think when we see murder cases like this, the problem goes beyond people around knowing you are a Bitcoin holder. It says much more about the negligence of the individual with his own safety. Because if it was solely an issue related to people knowing you are rich, nobody could be spotted as a rich person in the world without being harmed or damaged.

I guess being rich is not that easy though, as you have to completely secure your safety so that you won’t be harmed or put into danger by anyone. Same goes to bitcoin hodler that requires anonymity all the time, otherwise you are putting yourself in a dangerous situation. If we can live simply and become low key, then that would be the best key so we can live normally like those who are living with their minimum wages.

salad daging

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I read his article above with Google Translate but it has nothing to do with bitcoin although the police are still investigating this case.

Dr. John founded Onfo Coin from the aim of the project is to invite other people to mine the network or a kind of cloud mining and this project is like a ponzi scheme and that's what was written in his article.

Or maybe those who killed them were trapped in the Onfo Coin project founded by Dr. John, because this is a ponzi scheme, so they cannot withdraw the money, while the identity of the owner is known by the perpetrator and in the end he commits a heinous act.

Maybe that's the scenario, but what's clear is that I don't know the actual case. John was killed because he was shot.

cabron

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The angle is very possible because he is just too exposed about himself owning coins. Bitcoiners are easy target for the criminals because after all if the criminals got his coins, no one can ever take back even if they are caught. A criminal could just do his time and getaway with it after few months of weeks.

At gun point, the doctor will give his coins up. Sad part is he also was killed.

BitcoinPanther

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Cases like what @OP had shared can be avoided by keeping a low profile. But I do not think that the idea is applicable to the victim since he is a founder of a cryptocurrency company so his identity is exposed and being a CEO of a cryptocurrency will make people think that that the person is filthy rich and the possibility of ill-intended people targeting the person is really huge.

Now, us being unknown in the internet should keep it that way in order for us to avoid possible problem or danger in the future especially when we are engaging in Bitcoin investments.

Quote from: mindrust on June 04, 2023, 01:40:06 PM

Not only btc holders, nobody should declare his/her financial status publicly. If you want to show off, you must be prepared for the bad scenarios like this one in the OP. Thieves and murderers target these high profile people especially if they are weak on their personal security. If you want to live a quiet happy life and enjoy your wealth, then don't talk about it too much, better yet don't talk about it all. You can still attract chicks without drawing unwanted attention. Chicks will know. They smell money from a thousand miles away.

Only people who intend to scam other are showing their wealth in order to entice the victim to joining them. There is no sane people that will expose his financial status in public since it is obvious that exposing one's wealth attracts danger for that person.

mindrust

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Not only btc holders, nobody should declare his/her financial status publicly. If you want to show off, you must be prepared for the bad scenarios like this one in the OP. Thieves and murderers target these high profile people especially if they are weak on their personal security. If you want to live a quiet happy life and enjoy your wealth, then don't talk about it too much, better yet don't talk about it all. You can still attract chicks without drawing unwanted attention. Chicks will know. They smell money from a thousand miles away.

steve5946

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The world is turning into something else and safety is becoming what everyone wants more then money itself.

People are dying in the most tragic ways nowadays. Like OP said, if you are rich, please keep it to yourself don’t flaunt it around or let people know that you are. That makes you become a target.

And the sad trust about being a target to these criminals is that you never know you are a target until it all happens. You either gets injured, kidnapped or killed.

RIP Dr John.

usekevin

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In some developing countries,the people kidnapped other for the money and mostly cryptocurrency.This not happening in the developed countries,because they are satisfied with the minimum amount for their life.But in developing countries,the people from various background.Some are poor,others are rich enough to top rank in the world market.I had come across some incidents happen in African countries,it’s better not to share your real Id in the online platform which deal with the cryptocurrency.

Myleschetty

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After reading this thread what comes to mind is that I hope cryptocurrency investors and holders that have the belief that they didn't need privacy can read this story so that they can be self-consciousness.
However, the issue of Dr. John Forsyth appears to be the same as the Cash App founder Bob Lee who was stabbed to death in the month of April.

Z-tight

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I can't read the content of the link you posted, but from your explanation there is no certainty that this individual was killed because they have a lot of BTC, people get kidnapped and killed everyday for different reasons.

But the message of your topic is correct, keep your privacy, don't tell people you have BTC and try as much as possible to use decentralized services, so you don't have to submit kyc everywhere. You can be a victim of a $5 wrench attack if you reveal too much of your identity to the public.

2Pizza410000BTC

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Quote from: paid2 on June 04, 2023, 11:41:32 AM

It's always sad to see people disappear and die in such shady circumstances.

But is there really any evidence to link the possession of BTC to Dr. John's death? The translator doesn't give me anything really readable. In any case, I'd be surprised if you killed the person concerned. Who else but him could give you the keys to the wallet? Anyway, I guess that every situation is different.

Do we have access to any statistics about the number of kidnappings, assaults or hostage-takings with the aim of stealing cryptos / BTC in some countries?

The administration has not been able to find out why the kidnappers killed them or make any arrests in this regard. What I have said is a cautionary tale because Bitcoin has become an increasingly important topic. No one can say for sure that this will not happen to Bitcoin in the future. But if Bitcoin holders keep this in mind and caution themselves, I see nothing bad.
But I can't say in terms of all countries, but in my country, even for a small amount of money, kidnapping or hijacking is done.

Topic: BTC holders, do not reveal your identity online - page 3. (Read 554 times)