Topic: Will you allow the Government to look into your bitcoin wallets? - page 7. (Read 4390 times)
Please remember the the ledger is public and everyone could see the transactions in the ledger, even the government. This is so obvious that every transaction is transparent that even a 8 year old boy can see it. However if they want to look the private key for my wallet or identify a person through address, that is a no go. The concept of bitcoin is decenntralized, means no one can control or freeze any bitcoin wallet, and no one should.
thi is hard to believe if really happen,i dont see any benefit if goverment look into my wallet,even my wallet not contain many bitcoins,but i think my wallet is my privation,i will not allow anyone access my wallet 
I live in Russia, and we have state exists only to rob and annihilate people. If the state in citizens' wallets climb, then the citizens will not have any money. People in Russia in order and contain Bitcoins to protect themselves from the state.
In the coming days when the government will legalize bitcoin and puts up regulatory rules and policies on the use of bitcoins it is a prerogative of the government to monitor the bitcoin transactions as well as your bitcoin wallet. For how many years bitcoin has been operating outside the hands of the government and many illegal operations especially in the black market is taking place without being traced. This coming events may be helpful to the stability of bitcoins in its operation and security.
what the country mean want to see my wallet? basically, just see an amount on the wallet? I will allow for them see my wallet if this way can make a better for security and minimize illegal activities like a scam. 
In the coming days when the government will legalize bitcoin and puts up regulatory rules and policies on the use of bitcoins ....
in the coming days? is there any news that I am missing out on about the regulation of bitcoin.
because so far there has not been any serious regulation rules in many countries (it happened only in one or two so far) and it seems like the process is something that will take a much longer time.
but anyways I have nothing to hide and I don't care if they want to see my bitcoin wallet, they are welcome to do it
Ok, tell me this. How many government officials has come into your house to see how much gold and silver jewelry your family has stored in some safe? If they suspect that you are doing something illegal, just work with them. Do not try to use Bitcoin as a form of tax evasion or for other criminal practices and pay the capital gains and VAT owned to your government and you will be fine.
If they want to check my wallet, I will gladly show it to them. I cannot pay capital gains, until I gained anything from it. My wallet is so thin, they would laugh it off as a joke. ^smile^
If they want to check my wallet, I will gladly show it to them. I cannot pay capital gains, until I gained anything from it. My wallet is so thin, they would laugh it off as a joke. ^smile^
Yes, I have nothing to hide. I will gladly hand over my phone which has all of my bitcoins that I own. About .9 BTC.
I wouldn't want the government to look into my bitcoin wallets. The first reason I had why I don't like them to look at my bitcoin wallet is that if they see a very big amount in my wallet, they will feel suspicious that im doing activity even if im not. The second reason I have is that my privacy will be taken away from me. The third and last reason why I don't like the government to look at my bitcoin wallets is that they will know that I have bitcoin and they will probably add tax to the one im paying too.
I use bitcoin mainly because its anonymous because i also used to gamble with them..so there is no way i can allow anyone to look into my bitcoin wallet..and i think there is no way government can know about my bitcoin wallet
government can already see my bitcoin wallet and check all my transactions because of the way bitcoin works. regulations won't change anything about this fact. so it really doesn't matter if i like it or not because they can and are already doing it as we speak.
Is this hypothetical ? What government are we talking about? Im not sure how they would manage to look into your wallet anyway since you can split your money up into so many different wallets. this would end up being a massive exercise for any government costing more than i think they would want to put out unless they could recover a large portion somehow.
They can go through every block on the whole chain looking for all my addresses if they wish but they will never find them all.
I have so many paper wallets printed off that have been created safely offline that they won't know who owns them.
They can look at any of my posted addresses if they want, can't stop em looking at somethings that's public.
If i wanted those addresses to remain private i would not have created a transaction with them on the public ledger (blockchain)
I have so many paper wallets printed off that have been created safely offline that they won't know who owns them.
They can look at any of my posted addresses if they want, can't stop em looking at somethings that's public.
If i wanted those addresses to remain private i would not have created a transaction with them on the public ledger (blockchain)
Possibly if government gets access to view our wallets, soon almost part of the users will stop using bitcoin. Because the anonymity gets vanished away.
If the government want to know your transaction using bitcoin there only 1 reason they want to tax bitcoin user which is I'm not want to happen ,
Probably not. Currently there are no regulations set around here in regards to using, spending and trading bitcoin. If in case the government sees an opportunity to tax it (which I think would not happen in any way) they will. :/
If the time comes that the government is allowed to peep into my bitcoin wallet, there must be a reason for it. One is, they are looking at how I do my transactions and what my sources of bitcoins are. Another is they might want to put taxes on what I have and how they can have a slice of my bitcoin pie.
In the coming days when the government will legalize bitcoin and puts up regulatory rules and policies on the use of bitcoins it is a prerogative of the government to monitor the bitcoin transactions as well as your bitcoin wallet. For how many years bitcoin has been operating outside the hands of the government and many illegal operations especially in the black market is taking place without being traced. This coming events may be helpful to the stability of bitcoins in its operation and security.
Bitcoin is legal to use in most countries.There`s no need to be "legalized".
Sooner or later this will happen and the government will monitor bitcoins.
Bitcoin is a currency and an accet so you have to pay taxes for your btc.
i am not running a business with bitcoin and i am just an individual using bitcoin and staying anonymous so to answer your question i have to say no i don't even like the idea of the government looking into my bitcoin wallet.
government can always look into bitcoins wallets thru the public ledger and bitcoin being globally adopted and it anonymity that is all they can do they cannot regulate bitcoin., imo government only want to regulate is bitcoins converting to fiat from those exchnges and those online shop that accept bitcoins.
In the coming days when the government will legalize bitcoin and puts up regulatory rules and policies on the use of bitcoins it is a prerogative of the government to monitor the bitcoin transactions as well as your bitcoin wallet. For how many years bitcoin has been operating outside the hands of the government and many illegal operations especially in the black market is taking place without being traced. This coming events may be helpful to the stability of bitcoins in its operation and security.
I will agree to this its not like it is harmful when government looks into our btc wallets. Just like Anti Money Laundering Act (AMLA) that looks at your bank account if it has huge and questionable deposit. When government looks into our wallet it will make bitcoin free from being used for selling drugs and other illegal items. This time criminals will be more careful as they will think twice before they use bitcoins including hackers.
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