What can be a contact with Bitcoin trader ?

xvids

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Quote from: Genemind on May 07, 2019, 04:38:23 AM

Most users want their transactions to stay anonymous but that's actually how criminals enter cryptocurrency.
In this case, we could really say that Kyc plays a vital role in securing every transaction. It could keep away most scammers and we could also get rid of them.

If they are going to implement it then we have to do it not just for their regulation but also for our safety.
At least if the AMLA question our funds we could show it to them every transaction that we made to clear our name .
After all we have passed the KYC so it would prove that it is our transaction and it is our profit from trading not from any illegal activities.

dothebeats

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This is actually not a bad idea considering that many traders have been targeted lately of physical attacks and their coins being forcefully taken from them, but then again this will go against AML and KYC regulations so I don't think any exchange would ever try to implement this. The best thing people/traders can do is just be discreet of their dealings and never tell someone that they are involved into bitcoin trading. With the rise of the number of people being beaten close to death just to get their private keys, it's best to keep your "trader identity" a secret, even to your closest circles.

okala

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Identity detail in what form because bitcoin is to be anonymous and at that the only details should be the confirmation of it transaction on the blockchain, bitcoin if given an i identity will end up being manipulated because the big holders will try to control the market such as government agencies. The only contact bitcoin should have with the trader is just to use it as a mode of payment.

DreamStage

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It depends on the conditions the Bitcoin trader has been put in. Let's say you are in an exchange and this exchange is requested by law to request KYC (Known your Customer) to each individual trader.
If they can provide such information to the public as legal than it would be a possibility for you to have his contact. Else you just can't because he will probabily want to stay anonymous.

YuginKadoya

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Bitcoin is already anonymous why should we take a different identity if you are working in business work, Then I think all you need to do is never tell that you are using bitcoin in the first place, You can never have a problem at all, You can always trade without risking your identity that is what good with blockchain technology, But if your job needs KYC and verification and are surely paying and using bitcoin as a common transaction on your company, Then I think a different Identity is needed, If your boss would agree on it.

Yakamoto

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Quote from: ttcsalam on May 07, 2019, 03:18:21 AM

The popularity of bit coins worldwide is increasing day by day. I think those who trade in bits or those bit coins need to have a different identity associated with the related work. Do you agree with my opinion. Give me valuable feedback.

There shouldn't really be any sort of ID which should be associated with the specific work that someone does because it doesn't make sense to force someone to take on an ID. The network is already built on trust and a sort of pseudo-anonymity for the actual transactions which is completely outside of the trust system. Once you start throwing IDs into the mix, everything gets weird because you can't necessarily tie an ID to a Bitcoin address and even if you do, it takes a grand total of 4 seconds for someone to get another address with a different associated ID. Websites such as freelancer, or whatever other associated markets exist, can have their own ID/user system and it's enough to satisfy most of the needs that the community will have when it comes to tying names to workers within the community. Even this forum has a form of ID'ing users, as long-time users (kind of like myself) can have all the previous work we've done on here tied to us. That's how it should work.

pooya87

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you can not gain any proper privacy as long as you are trading on a centralized platform (aka exchanges) because even if they don't have identity verification you still aren't exactly anonymous there and it is centralized after all. and traders don't seem to mind that either.
the only solution is to use decentralized exchanges for trading if you want a better level of privacy. but then you will have to accept their shortcomings.

avikz

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Quote from: ttcsalam on May 07, 2019, 03:18:21 AM

The popularity of bit coins worldwide is increasing day by day. I think those who trade in bits or those bit coins need to have a different identity associated with the related work. Do you agree with my opinion. Give me valuable feedback.

Are you suggesting that they should have dual identity? Or you are talking about different ID than the conventional ones?

Having dual identity is a fraud attempt and I personally don't support such idea because you will not be able to got hold of that person in real world in case of any fraud.

Having an alternate ID can be considered, but more debate is needed. But I don't think it is required!

traderethereum

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Quote from: Muzika on May 07, 2019, 08:32:51 AM

Quote from: ttcsalam on May 07, 2019, 03:18:21 AM

The popularity of bit coins worldwide is increasing day by day. I think those who trade in bits or those bit coins need to have a different identity associated with the related work. Do you agree with my opinion. Give me valuable feedback.

I think if they want to do some KYC for the traders or even for the people who use cryptocurrency they should first fix regulations on the crypto industry, so that everyone are peacefully passing their identity because they had a protection from the higher agencies.

Yes, I agree that they need to fix the regulations and the regulations are not only for the traders only, but the exchanges need to pass KYC too.
Maybe in this way, the government can take part in the KYC process so they can watch on every exchange so they can prevent the scam exchanges.
I think traders will trying to pass KYC if they can get the protection of their documents, so it's not accessible for illegal things because so far, people still worry if they are sending the personal identification to the third-party services.

Muzika

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Quote from: ttcsalam on May 07, 2019, 03:18:21 AM

The popularity of bit coins worldwide is increasing day by day. I think those who trade in bits or those bit coins need to have a different identity associated with the related work. Do you agree with my opinion. Give me valuable feedback.

I think if they want to do some KYC for the traders or even for the people who use cryptocurrency they should first fix regulations on the crypto industry, so that everyone are peacefully passing their identity because they had a protection from the higher agencies.

Ailmand

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People like cryptocurrency because of anonymity, KYC procedure is putting users in risk. Disclosing identity online is never a good idea. Imagine the number of traders or people who are involved in crypto who were attacked based on this discussion.

Link:
https://bitcointalksearch.org/topic/m.50919419

Haunebu

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Quote from: Genemind on May 07, 2019, 04:38:23 AM

Most users want their transactions to stay anonymous but that's actually how criminals enter cryptocurrency.
In this case, we could really say that Kyc plays a vital role in securing every transaction. It could keep away most scammers and we could also get rid of them.

I disagree. You think scammers won't find other ways to scam people of their money? They will always find a way. KYC is not the solution, but it will make things worse. This identity related topic started by op is downright silly since anonymity is the primary goal in the crypto world.

Genemind

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Most users want their transactions to stay anonymous but that's actually how criminals enter cryptocurrency.
In this case, we could really say that Kyc plays a vital role in securing every transaction. It could keep away most scammers and we could also get rid of them.

Ains_sama

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yes it's true and I really agree with your opinion, and I think it's really very necessary to do KYC in identity verification.

Lamamoh

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An identity verification service is used by businesses to ensure that users or customers provide information that is associated with the identity of a real person.This protects against spam.
If its safe no problem to verify identity .

ttcsalam

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The popularity of bit coins worldwide is increasing day by day. I think those who trade in bits or those bit coins need to have a different identity associated with the related work. Do you agree with my opinion. Give me valuable feedback.

Topic: What can be a contact with Bitcoin trader ? (Read 265 times)