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21  Local / India / Re: Concerned about Tainted/STOLEN coins on: July 13, 2015, 07:54:11 AM
For your wild example it is impossible to do taint analysis. Taint analysis can work only if you know bitcoin address involved in transaction ( or previous few immediate transactions ) is considered bad like say some exchange got hacked and coin moved to one particular address ( address x ). Now if your bought coins has origin from that coins, you may consider it tainted. But you must know the address x is tainted.

Some tools you want to know :

https://blockchain.info/taint/1dice6GV5Rz2iaifPvX7RMjfhaNPC8SXH

Chianlysis.com is one company working on it. There are few more startups working in this direction.

But again, even if you know coins are clean you should not accept it from anonymous identity. If you really want to make sure you are not involved in such transactions, prefer reputed exchanges and companies.

On a side note, if your bank account gets transfer from some shady account you should worry exactly same way. Do you expect transfer in your bank account from anonymous person without identifying him ? Bitcoin is same. You have to use same precautions with bitcoin too. I do understand your question is more about tools and technical information, but trust me there is no way one can make sure bitcoins he has received are not so called tainted ( except you mine and get fresh block, which also may be in some countries/jurisdiction illegal if thet think mining or bitcoin is illegal Smiley ) I have always insisted people to understand that bitcoin is not only example of cutting edge technology, its cutting edge example for law and its interpretation too.

Regards





if i bought the T1 tainted coins from the Hit man, i know his bitcoin address, right?.....(i can alwayz look up the blockchain and see the address from where i recieve the payment)

i knew about this tool https://blockchain.info/taint,    but don't really understand what those bands multi-coloured bands suggest and how does the entire thing work. nor is there any youtube video regarding this (if there, please send the link)

Mahin, if u could throw in some quick pointers explaining usage of blockchain.info/taint/, it would be great. Other awesome guys please pitch in with your thoughts/ideas/suggestions/tools as well.

Chianlysis.com....this link ain't working...
22  Local / India / Re: Concerned about Tainted/STOLEN coins on: July 13, 2015, 07:02:08 AM
my concern is coins bought f2f in cash.

let's consider a wild example. let's say, some Bitcoins were paid to hit man, to kill a person. let's say those are T1 coins. Now u saw an ad on bitcointalk forum, for coins being sold.  you approach the person, you pay cash, you get your T1 tainted coins. you go your way.

Now, suppose the price went up, you needed some cash and you sold those coins on say Unocoin, and there is investigation going on.   The agencies now, has your IP address, your details and you are basically screwed for NO FAULT OF YOURS!!!  Embarrassed

At the very least, you will be DEFINITELY involved in POLICE INTERROGATION & COURT PROCEEDINGS, which cud easily have been avoided  Angry

It would be helpful, if you advanced users cud provide some info, if there any online/offline technical tools available to safeguard ourseleves from buying STOLEN or TAINTED coins.....  this would help the INDIAN bitcoin community in the long run.......
23  Local / India / Re: Concerned about Tainted/STOLEN coins on: July 13, 2015, 05:01:57 AM
Surprised, you missed the point by such a wide margin!!

When a govt. sells something, it in fact further validates the coins. Those coins, thus are THE CLEANEST COINS possible.
24  Local / India / Re: Concerned about Tainted/STOLEN coins on: July 12, 2015, 06:36:50 PM
would be helpful, if you provide some info, if there any online/offline technical tools available to safeguard ourseleves from buying STOLEN coins.....

this would help the INDIAN bitcoin community in the long run.......
25  Local / India / Re: Concerned about Tainted/STOLEN coins on: July 12, 2015, 06:28:47 PM
should i as a regular buyer (i do high volume buying/selling) concerned about tainted/STOLEN coins?

i think this is real concern. there are companies like coinvalidation.com coming up, which validates that tainting is a REAL PROBLEM.
26  Local / India / Concerned about Tainted/STOLEN coins on: July 12, 2015, 06:10:36 PM
Hi folks, i am concerned about tainting and how much should I be worried about taint analysis before buying them f2f.

are there any online/offline technical tools available to safeguard myself from buying tainted/STOLEN coins?

if i do get stuck with some stolen coins, what should i do?  Shocked

would love to know thoughts of pros>>> Benson, Mahin, Satvik, escrow.ms......................................
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