Bitcoin Forum

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 would not give the government direct access to my wallet's, not that they need it in the US.
IMHO, BTC is like cash if you really want to know where it came from you can figure it out, If you have enough time and money

But with BTC being pseudo Anonymous it is already possible to piece together some of the trail that tell who's address is who's.
Though there has to be a decent amount of activity in order for the pattern to emerge.
  An old interesting article about it https://www.technologyreview.com/s/518816/mapping-the-bitcoin-economy-could-reveal-users-identities/ (https://www.technologyreview.com/s/518816/mapping-the-bitcoin-economy-could-reveal-users-identities/)

I am sure someone will have some other ideas but if you want your BTC to stay anonymous you need multiple wallet's and a reliable mixing service.

Or just use MONERO to "mix" with.

The best feature of Bitcoin is that's anonymous ; so i wouldn't give the government details about my wallet address, and i don't think that it will easy mission for governments to check wallet address of their citizens.

i am using bitcoin to not let the government look into my finances so why should i change that in the future.

but also i am not running a business to want any legalization or anything.

For me the whole point of bitcoin was to get out of the government control.

I saw this a while back and your comment reminded me of it.

This was a normal US citizen that traded BTC in person and got tagged as potentially being bad and look what they did to him.
So in general BTC is pseudo anonymous but if a government wants to get you, it really doesn't matter.
http://www.burtw.com/ (http://www.burtw.com/)

Wait for Zero coin or DNET for truly anonymous transactions.

No it's not like that. They are not allowed to viewed our bitcoin wallets even bitcoin will become legalize.

It's just as same principle as money stored in banks where a special request must be sent first before someone can look at your account and that will be same goes with the bitcoin wallet.

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.

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.

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.

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.

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.

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 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 ,

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.

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)

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.

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.

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

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.

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.

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^ 

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 :D

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.

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.

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 ;D

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.

'No' is the only answer.

There's enough of the covernment control in my life. Bitcoin was created as something independent, as a way to stay off the government. Why kill one of its main purposes?

I'm cool with the government looking at my public wallet/address (not the privkey of course). That's because I don't do anything illegal with BTC.

If, for example, I had to do something illegal, it's trivial enough to create another address and not do any transactions between it and my public address. If I had to, I would ask someone trusted to send my dark wallet some funds in exchange for my cash/BTC. Sort of like tumbling, but trusted since tumbler services may be controlled/spied on by the government.

I don't want government to look my bitcoin wallet. I use bitcoin because it's anonymity. It's like break my privacy and the anonymity aspect is no point if they do it.

At the end of the day what are you really doing that you don't want them to know about?
If your not doing anything wrong then you got nothing to worry about,  if you are then you should be doing it in such a way that they do not have anything to even start looking into.

The jews in Nazi Germany were doing nothing wrong.

Totally wrong.  Its opinions like this that put people on danger. 

'If youre not doing anything wrong what should you worry about'?  Everything. I dont trust my government,  i dont trust most governments. People are not infallible,  and being its people in government they should have the least amount of data and control as possible so they cant abuse it like everyone eventually does.

No if you think my comment means you should trust your government then you have it wrong.
The only thing i trust mine and other governments to do is spy and they are going to continue to do it weather you like it or not.

What you can do is use such things like PGP encryption for your emails and new addresses for every spend/receive from your bitcoin stash if you want to make it hard for them.

The topic is about governments looking at your bitcoin addresses, if you use thag address just once on the public blockchain they have the same right to look at it as you and i do.

Yes,  fair enough.  I know.

The topic is not exactly clear.  If we were debating about whether you should have to disclose btc addresses in annual taxes,  or for credit checks then that would be a discussion kinda worth having.  Of course the answer would still be no,  because it would be pointless.

i don't have anything illegal or anything that i want to hide so i don't care if government wants to take a loot at my bitcoin wallet.

but it is a disturbing thought that government wants to check out your finances or invade your privacy, and it doesn't really matter what i have or haven't !

I will not bitcoin purpose is to be decentralized and anonymous,here in our country we have a bank secrecy law,where authorities will need to ask the courts to give then permission to open your bank account,and bitcoin is no different it will put you in trouble ,my country is not patterned after north Korea.

What wallet?  ;)

No way.
First, it's my private asset.
Second, they can't prove that I earned this BTC funds, or hold it, in my country :)
Third, Bitcoin is not recognize as legal money, so from perspective of my government, this BTC funds in my wallet have no value and they can't tax it.

WHy would I allow my government to look inside my bitcoin wallet?? Even after they legalize it, I will not allow them until it is a forceful act.

It is very very hard to track a bitcoin transaction because we have access to something called bitcoin mixer. It will help us to hide our asses. It will mix our transaction in hundred thousand bitcoin addresses so that the trail can never be found. I will start using their service if needed.

Because no government will want free distribution of money to their citizens. They will try to regulate everything. I won't allow them to regulate mine.

absolutely no  ;D ;D they would never know that i have a bitcoin wallets and they would never know that i am using bitcoin . i used bitcoin because of it's anonymity and i would never give them an access to see my bitcoin wallets . and they should never make a law to control this bitcoin .

I will give them full access to all my online wallets because they almost empty... The paper wallets, uhmmm that is a whole other matter. Once you have shown them the physical paper wallet with the

private key, your bitcoins are lost.. just ask the agents in the Silkroad case about that.  ::) It is for this reason why I never store my paper wallets at my home or my work. If they want to confiscate

my bitcoins, they would need to work for it.  ::)

Unless you don't hand them over the private key belonging to that address they can do whatever they want with your smartphone.
I however wouldn't let them watch my wallet.Sure they can track millions of addresses on the blockchain, but it's not easy for them to find out which addresses belongs to whom.
I would ask them to show me their bank account, then I may think about showing what I have.

they can look for my wallet but they can't find it anywhere because it is well hidden with multiple encryptions on a portable linux and also i have the wallet (electrum) seed memorized so it is in my head and nobody can extract it :)

I will never agree to the government checking on my account without a reasonable cause, it just not right

The presumptions behind this question are wrong.

Why would any government want to look in your wallet?

The government will ask you for the net worth of your belongings for taxation purposes. So you have to state that yourself, the government has no need to look into your wallet. Of course you can lie about how many BTC you own, but you can also lie about how much you have in foreign savings accounts, in cash, in gold. So this question does not relate to bitcoin specifically.

Some people in this thread seem to want to avoid taxes. I ask these people to please refrain from using health care, roads, and education, and also to send a 'fuck you very much' letter to the people who signed up to defend your country. Or better yet, just renounce your citizenship and go live elsewhere please.

Mayne it will be good for our safety and our security but The government should not have the control of bitcoin and our wallets if that happens the bitcoin will lose it's anonymity and also all of us users then they have the rights to know our bitcoin's worth and they will put a tax on it . And maybe they will use it for another sort of corruption .

I would not agree if it actually happened and I'm pretty sure all bitcoin user will begin to leave because all the freedom in the can of bitcoin has been taken by the government.

this is personal and my country do not make the rules regarding that and even they ask for my permission i would not let the government look into my bitcoin wallets because i got my bitcoin not from illegal activities

There are lots of bitcoin mixing service whose main service is to mix the coin and make it quite impossible to trace back. So even government try to trace every transaction they can't link it to any illegal activity if those coins are mixed. The another point is you don't have to show those addressess and bitcoin you have till you want to exchange it legally, in that situation also there will be many people already in every country willing to buy those bitcoin off the exchanger in heavy amount for cash.

So basically i think whatever rules and regulation government like to apply on bitcoin, they can't trace down bitcoin transactions and stop using it anonymously.  ;D

if this really happen,i wil allow them to look into my wallet,and make sure that bitcoin is good and secure. but i think this is hard to believe if goverment trying to inspect our wallet one by one.

Once the goverments decide to regulate bitcoin and have the power to do so, I think bitcoin is dead. Why would you use btc if some of its main features are off? I 'm talking about anonymity and independency of course. Why won't you use then just a credit card?

Well i will allow those government if they can accept all my transaction outside from gambling but honestly we choose bitcoin because of anonymously and we are here because we need a freedome no tax no government but if they control also add the regulation about bitcoin we will see coruption for bitcoin they will add security ended few years they add tax..

well they are free to look how much is inside my wallet. but that is whoever if they verify that its really the wallet i owned.
Still I'm not open to let them know its my wallet. in fact if they regulate bitcoin. i'd deposit mine to a mixer first and send to a new address

i would have to ask valid reason as to why they want to check my wallet as asking me to check wallets is crazy.


its not the reason why they want to check your wallet. they don't care how secure bitcoin is.

I wouldn't give the government any access to my wallet nor anyone for that matter, if that's what you're asking.

But according to how I understood your question, everyone can publicly see our wallet and the contents within given that we provide them our public address. If only that, then I wouldn't have any problems since anyone can actually see our wallet.

Isn't this against the bitcoin core philosophy in the first place ? Bitcoin is a decentralized currency and by making it centralized and supervised by a central authority like a government is something I will not let happen at least to my bitcoin wallets. Well one of them is registered in different sites so that one they know for sure but my main ones I have only 1 transactions in them and plan to keep them with only 1 for some time coming.

Of course :) because if the government has indeed taken this attitude about bitcoin, per this scenario, then what do you think the penalty for non compliance will be? We jail people in this country for not paying the government a forced percentage of income. Would you want to play with that same government?

TLDR if this happens, not letting them in is tax evasion. You should probably, ya know, let em in.

To add a little clarity, a wallet has 1 or many addresses associated with it.
Through your dealings with BTC you use, and maybe publish, different addresses.

For the world to be able to associate addresses with a wallet will depend on how many clues you leave behind.
If you are well known and use the same addresses over and over, you are leaving bread crumbs that allow people to trace you.

Lets say you have 2 bitcointalk accounts and you publish the same address in both, you have now given the world a hint that those 2 accounts are related.
Again let's say you sign up at coinbase and provide them a bunch of real world information and you generate addresses from there. Now your real world identity is associated with those addresses.

The amount of anonymity BTC, or most crypto currencies, provide depends as much on how you use it as it does the technology involved.
You are in control of how anonymous your BTC information is, if you want to stay very hidden you need to work at doing it.

no, because that's my private wallet, as long as I'm not doing some shady transactions, well, nope

First - if you know what you're doing, the govt cannot even have the ability to know that you're using Bitcoin

If they require you to provide an address, you can simply create a new address and store any amount of btc in there

I'm not afraid of govt regulating Bitcoin - they won't be successful. They can't even keep drugs out of prisons - you think they're going to be able to track virtual currency on a completely free/decentralized network? Hell to the NO

I've got nothing to hide so if the tax organization wants to look they can look. Simply they are in their right to do so. Paying taxes is a debt in this society which even we bitcoiners can't escape.
Yes it would be uncomfortable and wrong but if they got the law with them, resistance is futile. It will get you end up in jail or worse jail and penalties.

I will might be giving them my Bitcoin address, but not my Bitcoin wallet. This is just not the right thing to do, it supposed to be anonymous. And what's the point if the government looked at my wallet, what if I made a new wallet after that?

I would not let them see it unless I had to. I don't think they would know what wallets we have bitcoins in unless they were on an exchange or we stared spending from a wallet and they could start to track it.

no way to let them look into my wallet unless they force me to do so,in my country many government officials report bitcoin or digitals currency in general as illusionary program and anyone use it declared officially unemployed person .
lack of technology and knowledge . 

Fuck no.

A man needs some privacy. They already can look into our bank accounts. That's why some people withdraw their money and bury them after they converted 'em into gold. Most people use bitcoin because of that reason. Buying gold and burying them... too much trouble.

it was a stupid thing. bitcoin is anonymous if I let the government see it certainly would not have got it anonymous. I do not care about the government bans or legalization

yeah. it should take long to check all of citizens' wallet.

I myself wouldn't give access to my wallet to anyone except 1 man.

How can they trace me if i will not exchange the bitcoin for fiat money through exchange or any other service that is/will be  controlled by government. Even though they can look on my bitcoin wallet they are free to search into it, I'm not afraid as long as i don't made anything illegal.

Not if it is unnecessary. I prefer to maintain my privacy.
If not disclosing bitcoins becomes illegal, I would probably play safe and disclose them.

I don't have problem with that thing as long as they only monitor transaction hash, address of sender and receiver, and amount except they start to ask my reason behind my transaction. My name also not a problem because government have known about my name and my home address. I don't think government can get something from monitoring bitcoin address except my money. That thing can also reduce scamming problem on bitcoin.

Exactly. We must understand that in some country, there is a law applied to all banks or any financial institution. We called it here Anti Money Laundering Act. If bitcoin was supposed to be anonymous, it's a must for a government to at least some info of your saved coins.

They will not disclose the amount, that's one thing for sure. All in all it's all about security purposes.

but to me if they have a direct access to my local band account. then ok no problem. i am a good citizen and i have to follow all the rules and regulation of the state under the law. therefore i think i have no objection if they have direct access to my account.

What I am doing with my Bitcoin and where I am keeping it is my own business. Isn't this the whole purpose of Bitcoin in the first place? For people to be free of government watchdogs looking over your every step and spying on you every single day? But I guess Bitcoin getting legalized will mean getting it centralized as well and then unfortunately the government will have the legal right to audit your private Bitcoin wallets for tax purposes. But until then we can still enjoy our privacy or whatever is left of it...

Bad attitude. You should take a look at your personal message and try to live by it more.  Resistance is futile...  Satoshi would be rolling in his grave.

The government already has the access to all your transactions, blockchain is open for everyone. The small problem is to find out what transactions are your, but believe me it is not a big problem. Using bitmixer complicates the task, but not so...

I think I wont be giving government to see my wallet, the reason i used bitcoin is to stay anonymous to everybody, so if i let someone to see then i dont see any point to use bitcoin again, i rather to use fiat if that case really happen in future

Will I allow the government to look into my bitcoin wallet?  Lol they don't need to ask me if i will allow them,  address are already in public.  they can be viewed by browsing bitcoin block explorer.  But i wont help them finding which one is mine LOL.  

I think there will be no any problem for me if I show my wallet to the government, as my government is not a thief they take care of their public and their taxes is for us to run our country.

The governments are already keeping a view on our money in the banks where a largest amount of our wealth is lying, then what will they do when they keep a view on our bitcoins? I think just like banks they will provide security to our bitcoins and then we will not fear to put all of our money in bitcoin.

i dont actually think that it would be a good thing to show governments your wallets, people like anonymity and they wouldnt be too excited if they had to show their wallet someone

i think i wouldnt allow the government do that, first of all they wouldnt know if i have bitcoin wallet and if i have bitcoins in it so i could just say that my wallet is empty

Which government is that then?

They are not welcome to have a look in mine. If i make crazy profits then I'll pay my taxes. Other than that no.

Well im all against privacy loss in any way. But in times of facebook and giving with your own free will your shoe number with the rest of your privacy people just don't care that much. They will in future, when there will be tipping point of privacy loss, point of no return.
This is sad but this is the way it must be coz humans are humans ; }

I think it is impossible. bitcoin users will do a massive protest. the government does not have the authority. because bitcoin is independent and bitcoin is a transparent thing.

errr...

is this a comedy thread ?

i may have to ease off the homebrew, cos somedays it's hard to tell...

Why should i? Sure no, goverment can control their own currency and other proceses in theri country but bitcoin is something like a stealth currency for goverment.

Well i heard government will involve in bitcoin and more security and rules and regualtion will increase for bitcoin here in my country.
Yeah we need to protest if it will happen. because we are choosing bitcoin because its anonymous but the problem is in some coutnries bitcoin is restricted..

Bitcoins have the amazing property of decentralization and anonymity. If government will intervene it will have both positive as well negative impacts on this cryptocurrency. It will be more or less fiat. Then there will not be much difference between both.

Bitcoin has it decentralization that makes it different from others currencies, if government act to regulate it will mean mainstream, we would be regulated our income would has a tax to pay the same way people has to pay with fiat. At my vision if they come to regulate bitcoin would be good, if they just come to tax or take control of the coins for sure no one would allow them to take a look into any portfolio.

Maybe you aren't aware but there's this thing called the blockchain... Maybe you should Google that. I'm pretty sure anyone anywhere ever will know what's in any wallet at any given time.

no i don't think so.
i don't like the idea of the Government snooping around in my private affairs and my bitcoin wallet and i will try my best to always stay anonymous in bitcoin and not let anybody check my balances.

I don't think there is something really bad with the Government having an ability to do it. And, by the way, why should it bother looking in someone's wallet? Only if there is a huge sum of money there and I think in this case the government will try to look at it anyway

well to be honest either way you will have to pay your taxes or you would then have to face some trouble with law as it doesnt depend on how much money you earn

i wouldnt allow the government to check my bitcoin wallet, even though they can do that with banks im pretty sure bitcoin is really great that it does not allow such things happening in my opinion

How can it be wrong, they have they right to do it since they need to tax it. Sure nobody likes taxes but if's determined by law they can do it,so there is not much we can do expect hide it. which is off course illegal and may get you en dup in jail. I know it feels wrong buy they we live in a world where everything is taxed. If it was possible governments would also tax air.

I don't think I'd like to allow the government to look into my wallets at all because I think that's just an invasion of privacy. You can actually partially know a person's wealth if they look at our bitcoin wallets. I wouldn't mind if they looked at my bitcoin wallet just as long as they don't know that I own it.

I think the question of "allowing" the government to look into your bitcoin wallets is moot. If they wanted to, I'm sure they can get access to all of anyone's bitcoin wallets and bitcoin dealings and transactions. And to cover their asses, all they would have to do is play the Homeland Security card to rationalize/justify their snooping in on anyone's private business.

Bitcoins are supposed to be private and can never be centralized by a particular government. I wouldn't allow the governments to look into my bitcoin wallets. Even though if bitcoins are legalized government won't be able to access everyone's bitcoin wallet.  People can maintain their privacy.

Governments will always want to know how much you are earning so that they milk you like crazy through their taxes. The only good thing is that most governments currently do not recognize bitcoin as a form of currency. But with the rate at which bitcoin is gaining popularity, I know for sure they will recognize it and will start following individuals wanting to know how much they are making so that they tax them

I think people are shifting to bitcoins because they want freedom from governments to stop peeping in their savings and avoid unnecessary taxes etc.
So we do not want the government to take control of this bitcoins.

Hell no. If they force me to give them access, Ill give them a fake one with a little bit of BTC inside and use a hidden real one. I'm not against taxes because that's how our highways are built and schools are funded, but the government having control over our wallets is not about taxes. It's about freedom.

no! i will not allow goverment to look into my real wallet so why would i let them do that with my btc wallets.

I guess, this can't be done, as it will not truly serve the true purpose of bitcoin, I guess this crypto currency is designed as it is as anonymous and nothing could ever controlled it, and if the government will intervene then bitcoin will now become a puppetry banks same as others and would start people hating it.

well i guess you have no chance of choosing to allow governments check your bank fiat wallets as in my opinion they can do it easily all the time and that is a really bad thing in my opinion

i would definitely not allow my country government to check through my wallet in my opinion because in my opinion then they would have more info about me and i like anonymity

True, it is basically the Government will follow the development of most people there be. because the Government depends on taxes charged by any person residing in the neighborhood. And this would be a great advantage for us

I will allow nobody access to any of my wallets. Me & me only will have access.

in case i wanted to run a business with my money in bitcoin then i guess i have no choice but to let government to check my bitcoin wallets and let them.

but since i am earning bitcoin and spending it anonymously i would like it to stay that way.

Here we go again... let's assume everyone is American.

If you don't pay taxes then no matter what country you live in you'll have to give up any private keys. To people saying they 'wouldn't allow' them to look into your bitcoins... you're a f***ing idiot haha. It's not your choice. If you don't like it then live somewhere where you don't pay taxes for your dirt roads and mud huts.

If bitcoin will become a decentralized one in your country or even it don't but your local bitcoin exchanges are complying in your country's law, you have no choice but to give your personal information to that exchange as part of their security protocol if you used their services.

It is necessary but it doesn't mean you are allowing the government to check your wallet. That is against the law even on fiat terms. It will just be allowed if there's something unusual happen that involves your account.

Ofcourse not, it's my personal wallet and i don't want ti share that one with anyone even in government. And why do they will need to look ay my wallet even if it's just have 5usd lmao.

If the government really, really wanted to they could, I don't know why they would care but I'm not going to risk a lawsuit or whatever over whatever number of Bitcoin I have in my wallet.

If Bitcoin became a massive strategic investment for countries though, such as becoming a replacement or parallel reserve currency, then I would be tucking away my Bitcoin and not making any big movements or letting anyone see what I have.

I don't allow the government to look my bitcoin. But although government can look into my bitcoin wallet, there are way to still anonymous. I can use crypto mixing services for keep anonymous. It is my solution.

thats true with banks in most countries. however normally goverments are not allowed to come and check how much money you have in your back pocket.

Well I don't have much to hide lol so I wouldn't mind but whales with deep wallets who are amassing a truck load of bitcoin I am sure wouldn't be at all amused at the Inland Revenue or Irs having a sneak peak at their bitcoin holdings. The few satoshi I earn from faucets and a few bounties that I do some services are not even above the basic tax threshold, so for me there is no worry whatsoever.  :)

Its weirs when goverment di this to my bitcoin wallet,if this really happen, i Will give my coinbase axcount for looked by goverment, just because It cointain small amount of bitcoin ;D

If government want to look my account, I will appreciate it. Because government will never do any scams with us. Government is trusted. Also they can freely look into my account any time they want because it is empty. ;D
So I am not going to give any restrictions, its free and you are welcome at any time.  ;)

I'm not so sure. That is the exact thing if they would look into my bank account. And if they have no good reason and legal basis and if I haven't done anything wrong then they are not allowed to do that. So, the same thing aplies to my Bitcoin wallet.

It's only saddening to know that some governments are actually trying to profit from bitcoins and placing taxes on anyone who's using bitcoins. I saw this article about a bill that's being reviewed in North Carolina and it made me both sad for the people in North Carolina, and angry for their government.

a very very easy way to bypass the government forcing to look into your wallet to have multiple wallets, and just show them one that looks all nice and formal, and do your bitcoin stuff on a different secret one.

Certainly not! Bitcoin does not need "legalization" by the government control freaks. Putting Bitcoin under government control is also not a helpful for stability or security at all. Proof: The central banks are operating under government control.

If you want a payment system that centralized payment system that takes away your freedom and implements KYC/AML policies to spy on you, just use Paypal. Bitcoin is not for you. Bitcoin is incompatible with statist officialdom. The very reason for its invention was to end the oppressive and destructive regime of centralized fiat monetary policy.

ya.ya.yo!

You are so wrong dude, firstly it depends on country where are your living, secondly every country trying to get more and more money and also control your earning with taxes, do you want to pay taxes from your bitcoin income?

I would move to Panama, or some place where they don't try funky stuff like that. In time most people will move to safe havens and the old governments with wither away due to the lack of btc business =)

hahaha yeah, i would show all my wallets that are empty too, i wouldnt have any trouble with that, though i would definitely destroy all my private keys then in order not to use it any more

i think that wouldnt be a really bad thing if they would actually check my wallets though in my opinion i wouldnt like it too much because i really like as much privacy as possible

I will never allow the government to know what my wallets are. And there is no need to as there are easy steps to cash out coins without governments or banks noticing anything. Just mix your coins and sell them face to face to someone, and no government or bank knows that you have cashed out your coins.

they'd have to prove first that i own bitcoin and if they did. they would have to prove then which is my wallet. and if they did proved its my wallet then it is. they can check it after all its transparent they need not to open a wallet, infact everyone can check someone else wallet.

of course not people join bitcoin also have reason to give them privacy of their transactions right ? That advantage bitcoin
of course I am. the government will not be able to do anything in bitcoin also for intervention. so calm down they will not do it

This is not a will we let them look, as more of a they will look if they want to.  You do not think they are already looking?  How do you think they find all these black market sites and shut them down?  Everyone thinks that Bitcoin is untraceable and they are wrong.  There is always a digital footprint out there and they have the people to track it.  Think about it.  If you are a hacker and you can easily break into someones account by hacking their private key, how much easier would it be to easily just watch and track it.

I think it will not happen, however satoshi create that decentralized bitcoin. In other words, although the government would legalize bitcoin, I think the government has no hack to monitor our treasure: D Thank you

I think they (government) will not be able to verify or prove that you are a user of bitcoin? they will not know
that you have or have bitcoin wallet. so when they do not know why should we allow them to see our wallet ?

If the government know all your transaction and  legalized bitcoin bitcoin  now is not anonymous. But this already happen in other country .in the near  future bitcoin transaction need to pay tax to government which is not good but we don't have a choice if it really happen.

there are a lot of ways to know and there are a lot of ways to prevent them from knowing, so it depends on what you are doing. for example when you buy bitcoin with your money (credit card, bank transfer,...) you are linking your bitcoin wallet to yourself or when you are conducting some business online you can be verified and found.

I also will not allow the government or anyone else to see my wallet. if I did not let them see of course they will not know
my bitcoin address and I think we could still use the bank. they will not know if we convert bitcoin to fiat with use exchange site

No, i dont think that government should be allowed to look on our accounts. As when they look at our accounts, they will try to impose unnecessary taxes and things like that. We are investing in bitcoins as we dont want the Government to be the controller of our money.

No I don't want the government to go around checking my wallet and what I have been doing with my private Bitcoins. Bitcoin preaches anonymity and security of people's money so allowing the government to have a peek inside just doesn't make sense to me. I know that legalizing Bitcoin will shift the system from decentralization to centralization and then the government will have full control over the Bitcoin community in that country because people will need to disclose their earnings for tax purposes every year when filing the annual tax reports forms.

Bitcoin is here to give me financial freedom hence the governement does not have any jurisdiction over my coins.
Bitcoin are issued by us, we mine them, we produce them.

I will not give up on my privacy

I agree with you but it's already happen to many country now. Also the Philippines local wallet need to verify your identity first before you can cashout huge amount of money using there wallet and you give them permission to deactive your account if they found it malicious or from gambling.

I don't think that the regulation mean monitoring the wallet of everyone. It is impossible to be made even can be chose to be made. The fiat money is not monitored in this way. No one monitor my actual wallet and only me know ho many have there. Then to many countries have regulated bitcoin and no one has chosen to monitor the wallet of the people within these countries.

The money that I do own in my wallet is the money of my fortune. I would not even my family to interfere in it then who
the hell is the government because it leads to the privacy of the people. If a government looks in the wallet and finds
a lot money and may take actions and claim it black money for their not for their nations because the world is very selfish
at the moment we can't trust anyone for anything.

maybe they just require this complicated thing in order to avoid any fraudulent activities or any suspicious activities and about the deactivating account because of gambling,probably your country restrict from any form of gambling activities so your local wallet/exchanger obey the rules and can't do anything

Even though I am seem reluctant but I will agree. I have no other choice but to agree since it will happen soon and it will be compulsory. Phillipine central bank has been notified by the President to create a division to monitor and regulate the virtual currency including bitcoin. I cannot escape from this but it will be an advantage to us which means goodbye to hackers and scammer.

that is a tough thing to answer, because if the government wants to look into my bitcoin wallet there will be so few things that i can do to prevent it and they can force me to show it to them and give a detailed information about all my ownings.

Taxation or regulatory laws most likely won't hit normal users, it is not possible to control every bitcoin wallet or people using BTC at this point.  Governments knows that too.
This why we will likely see new rules and laws created to regulate every bitcoin accepting satellite services and not people's wallets. (Online wallets of course can and are already regulated)

I think they will need a warrant for this, and why would they look into my wallet? Maybe they will get a warrant from some court in case they trace some stolen money, and that money leads to my wallet.
I think there is no reason for fear if don`t do illegal things, I`m relaxed about this thing, and if they wish to look in my wallet I would let them. My money is coming from campaigns, faucets, and casinos. I don`t have nothing to hide. And I believe many people also have nothing to hide, so if this thing can help bitcoin community, and this will effect on price stability I don`t see reason to fight against it.

If the government look into my wallet i guess i can allow that if they only want to confirm if i have a malicious transaction or doing anything that is illegal. but if they want to add tax thats a different thing. i wont allow anyone to control where my earnings coming from because its none of their business.

Well i chose to use bitcoin wallets for a reason; its a really good way to make online payments and transactions without having to consult your bank to have a credit card and register on Paypal. To have the government start lurking in my wallet would really be a violation of my privacy; i wouldn't see why they should have any concern on my personal wallet.

yes it is. to me if it is legal according to law. and according to the policy of the state then it ok. i have no objextion but if it is not according to the policy of the state and not lawful then i will never allow government to get accee