The European Union Wants to Identify Bitcoin Users - page 2.

lionheart78

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Quote from: alyssa85 on January 03, 2017, 03:12:21 PM

Quote from: Jet Cash on January 01, 2017, 01:03:36 PM

Isn't it amazing. They openly give money and weapons to terrorists. They open their borders to terrorists, and then give them homes and other benefits.

And then they want to try to stop the guy who is working over here, and wants to send a bit of cash home to help his family buy food.

Yup. Some of the terrorists were claiming benefits and using them to fund purchasing arms etc

The main goal of the useless folk in the European Parliament is to hinder FinTech to prop up their failing banks, the terrosim is just an excuse for the other stuff.

This definitely have a point

. They have failed uncovering terrorist that uses the old system to launder money or finance terrorist action, what more they can do with bitcoin. They wanted to make their failing banking system to stay longer so they will think anything that will hinder Fintech advancement.

audaciousbeing

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Brace up for the regulation is coming and when it finally does, its going to defeat the anonymity Bitcoin professes. Even without this coming to effect yet I have seen exchange sites hiding under the KYCs to even ask for your blood group before allowing one to trade then what are we saying. Its coming and I see government using recent happenings as a reason to have their way.

Cereberus

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This is pure war against bitcoin and not terrorism. Countries don't like their citizens freedom and bitcoin does just that give freedom of holding money the way citizens want. This can be counter attacked by exchanging bitcoin to monero and then monero to bitcoin again to a new wallet and new address.

We lose some fee of exchanging this way but privacy is protected this way. TOR+VPN is a must also by doing these moves.

Privacy is protected becuse Monero is untraceable coin.

dinofelis

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Quote from: A.M. on January 01, 2017, 09:07:56 AM

Call them potential terrorists and take away their freedoms. This is a change. If many terrorists was really using Bitcoin/crypto then the marketcap would be so fucking large it would be obvious.

Indeed. Economic freedom is something states are afraid of. Then they cannot rip off their productive people any more. Control their money, and you control them. Bitcoin was a way out. They've seen it.

alyssa85

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Quote from: Jet Cash on January 01, 2017, 01:03:36 PM

Isn't it amazing. They openly give money and weapons to terrorists. They open their borders to terrorists, and then give them homes and other benefits.

And then they want to try to stop the guy who is working over here, and wants to send a bit of cash home to help his family buy food.

Yup. Some of the terrorists were claiming benefits and using them to fund purchasing arms etc

The main goal of the useless folk in the European Parliament is to hinder FinTech to prop up their failing banks, the terrosim is just an excuse for the other stuff.

Gameroid

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Quote from: Amph on January 03, 2017, 02:33:44 AM

they only want to do it via exchange, not going to track each address to know who is the owner, and anyway if you use an exchange you are already half-tracked because your bank account display your real name

unless you have a stolen bank account...you can still use a mixer or use other way to sell or to trade your coin

yes they will keep check and balance on suspected address only and not on each and every, they can easily get the information from our exchanges from where we transfer money to our bank accouts.

Victorycoin

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Quote from: A.M. on January 01, 2017, 09:07:56 AM

Call them potential terrorists and take away their freedoms. This is a change. If many terrorists was really using Bitcoin/crypto then the marketcap would be so fucking large it would be obvious.

People don't be shortsighted, that exercise is simply calling a dog a bad name, just so it becomes excusable to hang it! How many terrorists so far have been linked with cryptocurrency and again did terrorism only start some eight years ago? This is what the true picture is, the Euro is very sick and in fact standing on one foot and here comes bitcoin and its relatives full of life and vigor, what do you think those people who print Euro from thin air would say or do?

qiman

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I think there should be a two pronged approach. First you would need to legalize every crypto currency as legal tender and then only you would be able to put in some regulation. You cannot have one without the other.

Amph

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they only want to do it via exchange, not going to track each address to know who is the owner, and anyway if you use an exchange you are already half-tracked because your bank account display your real name

unless you have a stolen bank account...you can still use a mixer or use other way to sell or to trade your coin

Sithara007

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This will create problems for BTC-e, the largest anonymous Bitcoin exchange. A few years back, they shifted their operations from Kiev (Ukraine) to Sofia (Bulgaria). Since Bulgaria is an European Union member, they will have to comply with the directives now.

davis196

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Quote from: Labumi on January 01, 2017, 08:53:05 AM

That's something that news is indeed quite remarkable and I am sure this could give a gate opener that offing bitcoin will be one of the official currencies used by all people in the world. However I am not convinced that the European Union could identify users bitcoin correctly, because until now there has been no thing that makes the thing and I see that if there would not be accurate because there are indeed many wallets where their owners are one person, but I don't know for sure whether this could give a positive or negative impact. Most importantly we must work well inside or outside of the bitcoin bitcoin

Again bitcoin is related in the news with criminals and terrorists. Sad

I`m 100% sure that 99,99% of the criminals and terrorists worldwide had never used cryptos.

Harry Callahan

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i am sure with time more and more restrictions will come while using bitcoin or atleast while purchasing coins because they will come up with the terrorist funding theory so that they can spy everyone .These things are expected to happen and hope changes will happen accordingly.

Blawpaw

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Trying to identify Bitcoin users goes against everything it should stand for. And the government trying to do that is the same has going on a capital control process over Bitcoin. Luckily, there will always be ways of anonymizing the use of bitcoin.

c789

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@Barbut: yes, Monero is better for privacy/anonymity. See https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php for a quick comparison. In addition, there are links to more Monero info at the bottom of that page.

@mrkevio: right now Bitcoin is not controlled or centralized, so there really is no control over users. However, if changes are made to the system in the future, we would know about it because the source code is open source. If they ever make BTC even partly closed-source...watch out. I don't think that's likely to happen. Monero is also open source and decentralized: anyone can view the source code to verify that nothing shady is going on. Also -- and here is where Monero is different -- all transactions are private so there's no way to identify users by analyzing its blockchain. For example, Monero doesn't have a rich list because the coin is truly private.

dihari

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The criminal transactions like terrorist, drugs, ilegal porn, money laundering, etc. is the bad side of bitcoin as an anonymous crypto currency. It's a real dilemma for bitcoin user.
For example, there is no easy way to explain bitcoin to peoples who don't understand about. They are always think bitcoin is scam ponzi until they found or learn about it self.
If government success to review bitcoin users or we can say they can control our account and transactions, well, this is will be not a decentralized currency anymore.

Barbut

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Welcome to the club, government's like to identify every one and every thing! That is control! And let's not kidding ourselves, they can come in our homes with warrants, take our computers and take a look what we are doing. They have police and different agencies for that, so many courts and laws about everything.
I'm not surprised with this, it's so typically from governments to do something like this.

Quote from: c789 on January 02, 2017, 05:30:33 PM

Bitcoin is great for businesses and for situations where transparency is desired.

If privacy is desired, use Monero.

Is it really true? That monero is much better to stay hidden?

mrkevio

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Quote from: c789 on January 02, 2017, 05:30:33 PM

Bitcoin is great for businesses and for situations where transparency is desired.

If privacy is desired, use Monero.

I still don't like being supervised or controlled by anybody, and I am pretty sure nobody likes it. What I need is privacy no matter what we're talking about. And I do not need to be a criminal to like privacy - it's just how things should be. You should have your own identity, not a shared one. Maybe Monero is untraceable compared to Bitcoin, but that doesn't make me feel better in any way. If Bitcoin gets controlled and their users are identified .. why wouldn't they do the same with Monero?

c789

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Bitcoin is great for businesses and for situations where transparency is desired.

If privacy is desired, use Monero.

calkob

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Good luck with that, Most people using bitcoin at the minute will do everything they can to avoid being identified, I live in the UK so who cares anyway, we're leaving soon...... Wink

Although after recent events i guess the #pryminister will be looking a database of bitcoin owners here soon also.

Zadicar

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Quote from: 1Referee on January 01, 2017, 10:36:36 AM

Quote from: Zadicar on January 01, 2017, 10:31:20 AM

Quote from: Ablazen on January 01, 2017, 09:57:18 AM

This is a good way to control unwanted money (laundering money or terrorist finance).
but how can they identify and not to hit the bitcoin privacy of the bitcoin users?

This thing would be the big question because if they tend to engage into bitcoin because of money laundering and terrorist finance they would definitely hit up the anonymity features of bitcoin and we all know that tracing its users would really hard thing to do and thats the main problem that EU would face.

Money laundry and hunting down money streams leading to the financing of terrorism, are just excuses that governments hide themselves behind. It's once again their hunger for control that is leading to all kinds of ridiculous policies. Bitcoin is getting bigger with the year, and so does the wealth of people holding Bitcoin. It's the pure smell of money that is making them want to know who you are, and what you hold. Because if they know, you can't avoid the point where you have to pay tax over what you hold, the profits that you have made, etc.

I cant be sure but maybe this thing would be the main motive on this kind of plan of EU.You are right bitcoin is growing everyday and they can already see that people will surely put or hide their tons of money into bitcoin just to evade the taxes thats why they are clinging or imposing such laws or actions that would do against on bitcoins anonymity but i could say it will be a hard step for them.

Topic: The European Union Wants to Identify Bitcoin Users - page 2. (Read 3003 times)