It is negative news if that is true price of bitcoin will down
this is only for german not europe, but it's nothing to concern about
they are basically saying that they are regulating bitcoin, if anything the price should increase
Topic: German Government Tracks Bitcoin Transactions To Prevent Terrorism Financing (Read 1125 times)
January 06, 2016, 11:52:16 AM
this is only for german not europe, but it's nothing to concern about
they are basically saying that they are regulating bitcoin, if anything the price should increase
January 06, 2016, 11:43:10 AM
It's too late now either way and tracking is fine of course if they want to do that. The real problem is that as I said this is another stain in Bitcoin name, these are the type of news that stick in people's mind. Imagine if an european country declare Bitcoin illegal due to something like this. We'll all know the logic is flawed because fiat should be banned to, but the damage would be still be done and it would be unrepairable.
January 05, 2016, 08:36:38 PM
Hey, don't panic! This is just a proposal and the German government has much more important issues on its agenda right now. Besides, Germany is one country where cash still rules. You go to a supermarket, most people use cash, and that's the same if you buy an used car. If price is €10,000, the seller will expect the buyer to give him nothing else but banknotes.
January 05, 2016, 08:22:54 PM
It is negative news if that is true price of bitcoin will down
January 05, 2016, 08:14:57 PM
I think it is okay for them to do so. But it would be wrong to track transaction of non-terrorist people. I think you still can bypass this tracking.
And how would they determine who owns what address? How do you know that the person who owns the address you are tracking is or is not a terrorist? Given the pseudonymous nature of Bitcoin, it is pretty damn impossible to determine who actually owns the address.There's not much they ca do today, but if they asked all their exchanges to provide information about customer's trades, deposits, withdrawals, and IP addresses used they could connect it all to transactions in the blockchain. New York got the Bit License, and Germany could bring in tougher measures if there was enough support for them.
January 05, 2016, 08:07:16 PM
There are plenty of such news, like this newest one:
https://www.cryptocoinsnews.com/csu-financial-constraints-to-combat-terrorism-includes-bitcoin-framework-proposal/
If only they new bitcoin is not anonymous. \s Oh well. I guess this is beyond understanding of certain people that bitcoin is pseudo-anonymous and what it means.
https://www.cryptocoinsnews.com/csu-financial-constraints-to-combat-terrorism-includes-bitcoin-framework-proposal/
If only they new bitcoin is not anonymous. \s Oh well. I guess this is beyond understanding of certain people that bitcoin is pseudo-anonymous and what it means.
Bitcoin IS anonymous. Even if the transactions are publicly seeable, no name is put on addresses, and being anonymous this is that.
I would recommend reading bitcoin.org:
"Bitcoin is not anonymous"
https://bitcoin.org/en/you-need-to-know
"Is Bitcoin anonymous?"
"Bitcoin is not anonymous and cannot offer the same level of privacy as cash."
https://bitcoin.org/en/faq#is-bitcoin-anonymous
January 05, 2016, 06:26:08 PM
I think it is okay for them to do so. But it would be wrong to track transaction of non-terrorist people. I think you still can bypass this tracking.
And how would they determine who owns what address? How do you know that the person who owns the address you are tracking is or is not a terrorist? Given the pseudonymous nature of Bitcoin, it is pretty damn impossible to determine who actually owns the address.There's not much they ca do today, but if they asked all their exchanges to provide information about customer's trades, deposits, withdrawals, and IP addresses used they could connect it all to transactions in the blockchain. New York got the Bit License, and Germany could bring in tougher measures if there was enough support for them.
January 05, 2016, 06:08:53 PM
There are plenty of such news, like this newest one:
https://www.cryptocoinsnews.com/csu-financial-constraints-to-combat-terrorism-includes-bitcoin-framework-proposal/
If only they new bitcoin is not anonymous. \s Oh well. I guess this is beyond understanding of certain people that bitcoin is pseudo-anonymous and what it means.
https://www.cryptocoinsnews.com/csu-financial-constraints-to-combat-terrorism-includes-bitcoin-framework-proposal/
If only they new bitcoin is not anonymous. \s Oh well. I guess this is beyond understanding of certain people that bitcoin is pseudo-anonymous and what it means.
Bitcoin IS anonymous. Even if the transactions are publicly seeable, no name is put on addresses, and being anonymous this is that.
I think it is okay for them to do so. But it would be wrong to track transaction of non-terrorist people. I think you still can bypass this tracking.
And how would they determine who owns what address? How do you know that the person who owns the address you are tracking is or is not a terrorist? Given the pseudonymous nature of Bitcoin, it is pretty damn impossible to determine who actually owns the address. 
January 05, 2016, 06:00:42 PM
The blockchain is public, so they are free to track and analyze it as much as they want. Good thing if they manage to find IS associated terrorists this way!
I'm afraid they can't do much more than that, as they have no control what so ever over the transaction that take place.
I'm afraid they can't do much more than that, as they have no control what so ever over the transaction that take place.
January 05, 2016, 05:28:46 PM
There are plenty of such news, like this newest one:
https://www.cryptocoinsnews.com/csu-financial-constraints-to-combat-terrorism-includes-bitcoin-framework-proposal/
If only they new bitcoin is not anonymous. \s Oh well. I guess this is beyond understanding of certain people that bitcoin is pseudo-anonymous and what it means.
https://www.cryptocoinsnews.com/csu-financial-constraints-to-combat-terrorism-includes-bitcoin-framework-proposal/
If only they new bitcoin is not anonymous. \s Oh well. I guess this is beyond understanding of certain people that bitcoin is pseudo-anonymous and what it means.
Bitcoin IS anonymous. Even if the transactions are publicly seeable, no name is put on addresses, and being anonymous this is that.
January 05, 2016, 05:09:40 PM
I think it is okay for them to do so. But it would be wrong to track transaction of non-terrorist people. I think you still can bypass this tracking.
You think NSA and other government agencies care about tracking/spying on non-terrorist people. They assume everyone is a terrorist.
January 05, 2016, 05:08:09 PM
There are plenty of such news, like this newest one:
https://www.cryptocoinsnews.com/csu-financial-constraints-to-combat-terrorism-includes-bitcoin-framework-proposal/
If only they new bitcoin is not anonymous. \s Oh well. I guess this is beyond understanding of certain people that bitcoin is pseudo-anonymous and what it means.
https://www.cryptocoinsnews.com/csu-financial-constraints-to-combat-terrorism-includes-bitcoin-framework-proposal/
If only they new bitcoin is not anonymous. \s Oh well. I guess this is beyond understanding of certain people that bitcoin is pseudo-anonymous and what it means.
January 05, 2016, 04:48:52 PM
I think it is okay for them to do so. But it would be wrong to track transaction of non-terrorist people. I think you still can bypass this tracking.
January 05, 2016, 03:04:39 PM
O RLY
I'd like to track Merkel & see her real reasons for letting thousands of immigrants into Germany.
I'd like to track Merkel & see her real reasons for letting thousands of immigrants into Germany.
Yeah not only you wanna know this. Half of Europe wanna know why this woman is going crazy.
She is destroying Germany and Europe. I'm sure she is having a plan. I bet it's an evil one!!
Wanna know what happened NYE in some cities? And now 4 days later the public gets to know about it because the pressure on social medias got overheated!These bastards of politicians really tried to camouflage what happened! Our women and daughters are not more than just meat for those animals!
http://www.bbc.com/news/world-europe-35231046
http://www.independent.co.uk/news/world/europe/german-police-search-for-1000-men-after-mass-sexual-assault-in-cologne-a6797126.html
http://www.telegraph.co.uk/news/worldnews/europe/germany/12082366/German-women-report-string-of-sexual-assaults-by-Arab-and-North-African-men.html
http://www.spiegel.de/international/germany/cologne-shocked-by-sexual-assaults-on-new-years-eve-a-1070583.html
January 05, 2016, 02:43:15 PM
The governments of the world might be able to track cryptocurrency but they will not be able to control it. Terrorist are not using cryptocurrency as a major source of income and wealth transferal yet, I could argue that terrorists use Fiat more for their purposes. The same is true for most criminals as well. We should never give up our freedom for security, terrorism is going to do continue, if we want to live in a free society we must be brave, the only alternative is totalitarianism so make your choice. I choose freedom every time, just understand that freedom also has a cost.
This is true. I red a magazine today that was talking about this, and even if it was not so pro-Bitcoin, it said the truth, that drug and arms dealers were using a lot more fiat money instead of Bitcoin, just like you. If they ever ban the cash for credit cards, if they do the same for Bitcoin, they will still do their trades in gold, in silver, in cigarettes, or whatever because they're simply a lot smarter than our dumb governments
. 
January 05, 2016, 01:59:26 PM
What did Al Qaeda arrange 9/11 with IOU's or chocolat pennies?
January 05, 2016, 01:57:53 PM
Every time terrorism rears it's ugly head, they want to bash Bitcoin to pieces. We are the scapegoat for political failure. World wars are funded, no matter what method is used.
These people will continue, even after Bitcoins is banned, because it's easy to smuggle items over borders and selling them illegally on the black markets. Take the blood diamonds
that are still being sold, even though it's banned in many countries. Stop the people not the money.
These people will continue, even after Bitcoins is banned, because it's easy to smuggle items over borders and selling them illegally on the black markets. Take the blood diamonds
that are still being sold, even though it's banned in many countries. Stop the people not the money.
January 05, 2016, 01:55:22 PM
O RLY
I'd like to track Merkel & see her real reasons for letting thousands of immigrants into Germany.
I'd like to track Merkel & see her real reasons for letting thousands of immigrants into Germany.
January 05, 2016, 01:52:42 PM
oh, and how they are going to connect a certain transaction with 100% precision, to a certain terrorism activity?
iif they say by the amount, it's really easy that someone else is moving a big portion of his pocket to a cold storage
come on this is not doable, until they actually dump for fiat
iif they say by the amount, it's really easy that someone else is moving a big portion of his pocket to a cold storage
come on this is not doable, until they actually dump for fiat
January 05, 2016, 01:31:34 PM
I think that decision to agree to take millions of refuges under EU wings (mainly forced by Germany) from Syria and Middle East (and God know where else),
was 100 times more impactful on plague of terrorism than Bitcoin ever was or will be responsible for.
And now they want to push some papers around and convince public opinion that politicians are doing something by restrict bitcoin. Laughable.
was 100 times more impactful on plague of terrorism than Bitcoin ever was or will be responsible for.
And now they want to push some papers around and convince public opinion that politicians are doing something by restrict bitcoin. Laughable.
Couldn't Have Said It Better.
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