Topic: Can we know specific bitcoin is stolen goods? (Read 460 times)
I think this is a trade and it can be indeterminate whenever. There is no confidence in discussion hone. Since there is no Bitcoin to take there. They will take away numerous coins from you by misrepresentation. So be watchful and think about them constantly.
For example, if some guy approach me and he want to sell bitcoin at low price, but big amount,
is this acceptable? or not? Why?
for safe steps you should avoid it, because when it is tracked as a theft then you will also be carried on the case.is this acceptable? or not? Why?
an expert in technology will certainly be able to trace the origin of the asset.
I don't think there is way to know which bitcoin is stolen. For example: if James has 10 bitcoins in his wallet and he stole 2 more, now he will have 12 bitcoin in his wallet. If you buy 1 bitcoin from James, how would you know that the 1 bitcoin sent to you by James is from the stole bitcoins?
There is a big problem though. You can sell at a higher price by buying at a lower price.
You mean like they are illegally taken from someone else then he is trying to sell it back?
Well that is no problem. You can buy it if you want. Just be sure it is not a fake one.
You could do some mixer to also add some security and for the past owner to not track it anymore. You could also try to put it in an exchange then he may kiss goodbye to his bitcoin.
I dont think someone will do that if he knows how to steal bitcoin. He also knew how he can take care of that certain circumstances.
Well that is no problem. You can buy it if you want. Just be sure it is not a fake one.
You could do some mixer to also add some security and for the past owner to not track it anymore. You could also try to put it in an exchange then he may kiss goodbye to his bitcoin.
I dont think someone will do that if he knows how to steal bitcoin. He also knew how he can take care of that certain circumstances.
It is quite impossible to answer because it is totally depend on the person and hos puopose.
it is difficlult to judge if the btc is stolen from others.
trace btc is very difficult and it transfer anonymous.
trace btc is very difficult and it transfer anonymous.
Every bitcoin that has been used in any transaction would carry a 'taint' with them, so no matter where theae bitcoins land, they'd always carry this 'taint' that somehow makes the coin movement traceable. In order to obfuscate the trail, some people use mixers most of the time in order to mix their coins and receive fresh ones. Anyway, going back, no one will ever know or bother to know where the money comes from. Besides, if the money came from some nefarious activity, the owner couldn't claim it as it's not the present owner's fault if the original owner of the money lost it during a theft. I'd accept tainted payments any day since it is still regarded as money. They can't do shit about it once it lands in your pocket legally.
Interesting question
Would you really even want to know if the BTC you are receiving is stolen goods or not? Do you even know if the Fiat currency that you lay your hands on has not been stolen or used for not so angelic purposes? If someone is selling you BTC for a price that is far below market value then you should probably be suspicious but that rule should count for Fiat currency as well.
Unless you have some sort of moral issue with it then might as well just continue to trade with it or hold it.
Would you really even want to know if the BTC you are receiving is stolen goods or not? Do you even know if the Fiat currency that you lay your hands on has not been stolen or used for not so angelic purposes? If someone is selling you BTC for a price that is far below market value then you should probably be suspicious but that rule should count for Fiat currency as well.
Unless you have some sort of moral issue with it then might as well just continue to trade with it or hold it.
For example, if some guy approach me and he want to sell bitcoin at low price, but big amount,
is this acceptable? or not? Why?
What kind of topic is this?damn question is too far from the title.is this acceptable? or not? Why?
I dont know why people like this have the guts to create a thread lol
If that guy approached you selling bitcoin in lower price and you believe it,then both of you are FOOL,are you noob?why would that person do sell in lower price when he can sell it in higher?sometimes use your mind before spreading this
Even if you can track the source of tokens from the blockchain, you still don't know what's going on. On the other hand you can't track bitcoin, bitcoin is anonymous. And when someone sell it that means he want to get profit in it. If you need you can buy it, but have an agreement first so that you will not be a loser.
For example, if some guy approach me and he want to sell bitcoin at low price, but big amount,
is this acceptable? or not? Why?
if it becomes me I definitely accept it and it depends on your beliefs and beliefs to bitcoin the answer back to you, buy cheaply and sell with a high selling price one strategy in investing with bitcoin is this acceptable? or not? Why?
It seems like you should be wary of that person, because if anyone offers a bargain it could be that person intends to deceive you. But if you already know the person, and it's been around a long time then it would not hurt to buy it, maybe he was in need of money or was bored to have bitcoin.
But most of all you still have to be vigilant and careful in all transactions later.
But most of all you still have to be vigilant and careful in all transactions later.
I feel hesitant about the offer, because only a fool that sells bitcoin for a cheap price, and maybe he will be cheating.
unless you transact with transparency or meet with him and make direct transactions, then it's better.
unless you transact with transparency or meet with him and make direct transactions, then it's better.
if it is real is not a fraud I think I accept it, because it can benefit very big results, and if that kind of fraud do not be taken.
if he seriously wants to sell bitcoin for a cheap price, so, I will not be kidding. I will accept and buy it.
it's like your friend will sell a Lamborgini with a very cheap price. are you sure you will refuse?
it's like your friend will sell a Lamborgini with a very cheap price. are you sure you will refuse?
For example, if some guy approach me and he want to sell bitcoin at low price, but big amount,
is this acceptable? or not? Why?
is this acceptable? or not? Why?
If someone approaches you, and tries to sell you bitcoin below market rate, then you do need to be careful. Not because it may come from a source that is illegitimate, but because of the fact that he is most likely trying to scam you.
Anyways, to answer your question, bitcoin is fungible, just like cash.
You have no knowledge of what the bitcoin is used for before it is passed onto you, nor do you have the responsibility of knowing what the coins are used for. Each coin is the same as the other, regardless of where it came from. Although there are probably complex blockchain analysis techniques to track these coins earned from illegitimate sources, as long as you don't participate in them, you should be fine.
Just like cash, if the bill that you receive was used by criminals at one stage (which is pretty much every bill), it doesn't affect its value.
For example, if some guy approach me and he want to sell bitcoin at low price, but big amount,
is this acceptable? or not? Why?
is this acceptable? or not? Why?
The question is why is he selling at a lower price for large amounts of bitcoin. That could be a possible scam.
You might to let him do the trade first. But I guess he wont do it cause it cannot be transferred back.
Meet up will be better or get a collateral instead of just doing it with good words of him. Do not be tricked by those. They are all over the internet and will do it anytime they see a victim.
I think this is an exchange and it can be uncertain at any time. There is no faith in conversation practice. Because there is no Bitcoin to steal there. They will take away many coins from you by fraud. So be careful and know about them all the time.
For example, if some guy approach me and he want to sell bitcoin at low price, but big amount,
is this acceptable? or not? Why?
is this acceptable? or not? Why?
first, it has a high possibility that guy want to scam you. if he say you must pay him first, you better leave him.
second, if he send you bitcoin first, why not ? you can get bitcoins with a cheap price, it means you will get more.
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