Bitcoin Forum

I've had a credit card stolen, and while I've cancelled everything with the bank, and looking online I think I cancelled early enough, they've told me some transactions might go through. If they buy bitcoin, is there a way of reporting and catching the bastards? Or are they untraceable?

No track in Bitcoin network.

by the way, FIAT system allow you to denounce fraudulent operation on your account ... for a total of 380 days after this operation.

this is called "chargeback".
and, to buy bitcoin, the chargeback is not ... a refused task (after all, paper printer is for that, too).

tanks man  ;)

there are traces left in bitcoin network that may allow people or organization to link transactions and addresses to people.

for example, if you are in a exchange and send your docs to buy and sell bitcoin.

and your IP is revealed to the peers when you send a transaction if you don't mask your IP

This guy is a bit-x scam supporter , after exposing his loving company he got angry on this thread :

https://bitcointalk.org/index.php?topic=1155990.0


Now he is following all my post , lool  (im being watched)  

Also i will report you for this .

These are the guys that transform PayPal -> Bitcoin in ScamLand.  :'(

If you send multiple transaction with SPV wallet, from different addresses, its fairly easy for someone spying on your to link the addresses to your IP. So extra precaution and intelligence is required if anonymity is important to you.

As you can disguise your IP?

The point is that btc is 100% traceable. It is up to you to hide your name from addresses.

Bitcoin is Anonymous, which means if we can find the address we may not able find who owns it.

Yes you can "disguise your IP" by using VPN, some SPV wallets like MultiBit HD is working on Tor integration so that will honestly will fix most of the theoretical spying. However Tor is not 100% faultproof so taking basic precautions is still required or highly suggested.

Its only very hard to tell and prove who own an address without some user doing an action that reveal himself.

How btc address can be traced? If one don't provide any phone # or ID proof to open account then I don't think any once can trace the btc address owner.

The transactions are 100% traceable. It doesn't mean they're going to get your phone number.
It means every transactions sent from X to Y are traced. This create a trace-ability.

You need to either mix your BTC with a service or break the trace-ability from BTC in the end -> Fiat, purchase, etc.

Otherwise it doesn't matter how many transactions the funds go through, A->B->C->D->E->Online Purchase. A will be linked to Online Purchase. And thus you can link addresses together if they interact together. Then all of those will be linked to your Online identify. If that is linked in anyway to personal information, then A will be linked to your real life identity.

Thanks for the detailed information. But if A don't provide any of his personal information then if you trace the btc address also no use because one do not know who owns that btc right?

Well exactly this! You can trace Bitcoin transaction even from A-Z but if A doesn't provide its personal info, it will be known only as 1gtaaa5.. and nothing else. I would call Bitcoin semi-tracable actually. You can trace pretty well transactions from the end to the beginning, but you can still hide your identity if you have never revealed it in the first place.

So in a sense, Bitcoin reveals more than lets say cash, but hides better than lets say online banking.

Yes, this is basicaly true if you not provide any personal information then there is no link in between your addresses and you personal identity. In number of exchanges you are requested to provide your identity. So this can be just an example where link can be found.

I guess that if they send it through a mixer before an exchange, there is no way to link it to the credit card anymore... Especially if they hid their IP.

As long as you can't trace the owner of the bitcoin then we can say it is not traceable. It all depends on how people use it.

It would work fairly well, yes.

People seem to get confused with my A to Z thing, it more or less matter, but its just to say if the A is dirty BTC, you need to break the chain before doing anything with it. Turning to fiat, purchasing, using, trading, etc. Otherwise you link the A to your identity. Its pretty hard to spend BTC anonymously.

More simply. It doesn't matter if A doesnt have your personal information. If Z does. A will be linked to you.

I think this is one of the main reasons some people still prefer credit cards over Bitcoin. They are the type of people who are satisfied that a central organization have complete access to their financial privacy and

they are willing to pay huge fee's for the extra consumer protection built into these services to protect them. Bitcoin will not support this, but 3rd party services will offer this protection for a fee.

People need to understand that Bitcoin gives you the freedom to control your finances, and you do not have to rely on these central 3rd parties for protection. This come at a price, because you lose the consumer

protection. Bitcoin does make up for this, by introducing escrow services as a alternative service to these 3rd parties... but it's not the ideal solution, because it places the risk on a central 3rd party again.   :(

bitcoin network is completely untraceble but some how you can trace some part of it..but that generally depends what type of wallet or which wallet you are using like the simple exampke is blockchain wallet we can simple see where we have sent those coins and where did that recivee has sent those until some ine use a differnt wallet than blockchai.info qnd that's how it works

every transaction is public, that means with a script is possible to crawl the block chain and track every address / input you need to know.

knowing this you can:

- avoid to associate your real identity to a bitcoin address
- avoid to pay from exchanges where you registered with your email or identity
- avoid to use web wallets without a vpn

etc.

Well if they manage to buy bitcoin with your CC the first thing they would do is to use a bitcoin mixer and mix the coins so it they won't be traced back. To answer your question : No, bitcoins aren't easy to trace and if a coin mixer is used it would be impossible to trace any bitcoins.

I think you are private as long as you don't convert to fiat. If you convert to fiat any other way that isn't meeting with a person irl and exchanging for cash in a irl phone transaction then it's recorded somewhere and usually to convert to fiat you need some credentials.

Yeah but you're not breaking your tractability, you're making yourself even more vulnerable. Now all your transactions are linked to someone else's transaction and that person can identify you in court unless you hide your face.

Thanks guys is better when you know how it works . tanks a lott  ;)

Cheers, try tracing yourself.

https://blockchain.info/

Input an address, see where the money came from, where it went, then you can click that transaction and navigate through the whole history of the coins back from where it was generated all the way to when it became yours and where it is now after you sent it.

tanks man for the information   ...i will look at this