Maybe I'm naive, but I always assumed the majority of Bitcoin users doesn't do it to evade taxes. There's one very simple reason: if your small Bitcoin investment turns into a small fortune, you want to be able to tell a honest story so you can legally use your money to buy things.
Well it's a combination. Because if it turns into a small fortune, it becomes a "warning sign" for the governments. It tells them that "this guy has become rich suddenly, let's get some of his money". My governments' greed keeps growing. A few years ago, the "wealth tax" was 1.2% per year. Now it's 2.12%, next year they're planning to increase it to 2.84%. That's a tax on unrealized gains, and I'm pretty sure that's by far the highest wealth tax on the planet.
It's not the highest, but it's very high. I think Spain has a very high wealth tax but I don't live there, so... |
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@DireWolfM14 is right. A very good way to hide the traces is to convert to private currencies and then back to Bitcoin.
Beware though, if you buy from a CEX with KYC, it doesn't matter where your coins are at any moment, because the CEX will always know that a person X Y, has bought Z amount of BTC. So, it's true that a specific UTXO can't be linked directly with you, if you 've followed DireWolf's advice, but the knowledge that you have bought and withdrawn Z mount of BTC will always be verifiable.
Like @LoyceV said, your enemy determines your actions.
If the enemy is the government, you should make sure to never use CEXs or services that require KYC. If you have used such services in the past, it's all good, just don't mix them with other funds that you possibly have. Relax, enjoy your Bitcoin and if you wanna be ok, just send the same amount of BTC to the same CEX, sell it and withdraw the FIAT. Then pay taxes on your capital gains and you 're cool.
Moment of honesty:
Let's be honest know... Most people, especially within this forum care about privacy because they want to hide their income from the authorities. They dislike taxes and they don't wanna mess with all the laws that surround cryptocurrencies. I dislike most taxes as well, but tax evasion is illegal and I don't encourage it.
Simultaneously, please trust me on this, it's super tiring and very costly, trying to find privacy doing all that backs and forths with your coins. But, privacy is a must, so you got to do what it takes. Just make sure to remember that if your coins are bought from a CEX, you can hide the traces but not erase the truth.
Privacy, for me, is that a user of this forum can't trace one of my addresses and be able to see how much money I have. It's also that no online scrapper can deterministically scrape my username and find details about my real identity. Or, privacy means that a company that's hiding in the Seychelles, that works in the cryptocurrency sector, won't be able to acquire my personal information...
Privacy for me, isn't avoiding to pay taxes for my income. And once more, I repeat, I dislike most taxes (if not all of them).
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The address on his profile page was last used in 2018, so that must be 4 years after his last post in this forum. Holding the keys to his address for 4 years, makes me comfortable enough to say that he can still have access to his forum account. Besides, his story has been spoken a lot, but if you think about it, it's only the timing that made his story so compelling. I have paid for cocktails a week ago using LN payment, but nobody cares about me  (obviously I love his story a lot, I am just kidding) |
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You could probably find a ton of users that repeat what others are saying, but if you look for it you are just going to drive yourself crazy. I've opened tons of threads and the 1st 10 replies usually have 3 duplicate answers with words slighly different.
I would just report them to their campaign manager and that manager will likely take a deeper look at a user.
Thanks for the suggestion. Please notice that this is just an example I found lately, but as you said the problem is perhaps much larger than it looks. Alrights folks, since I received an answer to my question, I believe this thread should be locked. |
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Getting a thread of users who write just to meet the quota of the signature they are enrolled in might be a very difficult job and when compared to the usefulness of such information, you will simply come to the conclusion that it is a waste of time. You can't possibly use such information for anything other than put those users in your ignored list because even if you report them to the campaign managers, you will indirectly be saying that the managers are not doing their job well, which is totally wrong because campaign management job in this forum is highly competitive and to survive as a manager, it means you are doing extremely well in bringing value to the company whose signature you manage. What you can simply do is to report any post you found to be spam to the moderators.
Yes indeed, I realise that. Almost all posters on this forum posting on threads that are more than two pages long are doing that. Not all of them but almost all of them.
Well the phenomenon I am referring to is not the one you mention (or not only the one you mention). Let me share an example post: If it's a commercial project devs will be paid because they're like employees. If it's a small team making the project they won't have fixed salary. There's going to be donations buttons & donations links so devs can receive money from ppl who appreciate their work.
Unless the open-source product is produced by a company that has a relatively steady cash flow and a fixed amount of employees, then getting a salary isn't guaranteed. In fact, it's the opposite!
Are there open-source products produced by companies that pay their devs? Of course! And you can also contribute in these products, but if you 're not in their payroll, you will not get a salary.
I am sure there is no difference at all from what I said, is there?
I won't let this thread live for too long, if I have the time and interest I will create another one some day, in order to actually write down a list of people who do this. |
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Hello forum,
is there a thread anywhere where we keep track of users who constantly write posts just to reach the minimum quota required by signatures campaigns?
I 've noticed too many posts that don't add value at all, but just reproduce what's been said before.
I can give examples here, but I am sure there will be a relevant thread.
Disclaimer: english is not my native language and perhaps there is a specific word used for this phenomenon (just writing without valuable content), but since I don't know the word I didn't find it when I searched.
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Experts would suggest wallet to be custom built.
Not really. It's advisable to follow the best approach, always considering your skill level. I wouldn't tell anyone to create a custom setup, unless they know what they do. In general, if you want to avoid privacy concerns, but also want to feel self-sovereign without worrying about compromised keys etc, I would suggest that you get a fully offline laptop, install linux and electrum. All of a sudden, you 've got yourself a new hardware wallet. |
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If, and only if, what nc50lc doesn't work and you don't get the support you need from them, there is a dirtier solution, but it should be your last resort.
1. Download Feather or Monero GUI and create a wallet, then back it up properly with the seed words.
2. Open up Exodus, go to your Monero page and click on the top right corner, where the gear button is ("settings").
3. There should be an option to get your private key (the actual private key) for the Monero wallet.
4. Import the key to your new wallet application and create a new wallet for this specific private key (import from private key). This wallet will be temporary, only to send the coins to your new wallet created on step 2.
5. Use the "send all" option to send the coins to your new wallet which was created on step 2.
This approach will work because both Feather and Monero GUI have a solid, functioning "send all" button, which I just tested before posting.
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I have a general opinion that I2P isn't very actively used in many applications, am I wrong? Not just bitcoin, but generally. But if you search ".i2p" on the search column, it shows 0 node (which should be incorrect).
I think this can be manipulated, because there are multiple occasions where I 've known about .onion nodes that weren't visible in the bitnodes website. I don't know how it's possible, but I 've seen it happening. That's why people say that the total number of nodes is actually higher than the one visible on the website. |
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The interesting question for me is what are the advantages of running the node over I2P instead of Tor. I haven't really looked into it.
I 've read about the I2P protocol in the past and, from what I 've read:
1. The obvious difference is that on I2P you can only connect with I2P, whereas a Tor node can connect (potentially) to clearnet as well.
2. Privacy-wise I2P must be superior.
I have no idea about speed, latency, reachability etc.
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Fun fact, your seed phrase can generate all of my addresses if you use the proper derivation path. The number of possible derivation paths is astronomically large (as people explained above). This renders the probability of finding a collision close to 0.
But, as I said, our seed phrase, though they look (and are) orders of magnitude different, they can potentially generate the same addresses (i.e. we can steal each other's funds - in some parallel universe).
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If you need a tip on which Bitcoin wallet to use, I personally prefer Electrum. It is beginner friendly and very intuitive. That is, as long as you do not lose your seed phrase...
Good suggestion, since it's one of the best wallets out there, but this thread is about Monero (since feather is monero-only). It's definitely in a wrong section, since the board is related with Bitcoin. For Monero, I suggest: (a) Feather wallet (b) Monero GUI (the "official" wallet) (c) Cake wallet |
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Let's discuss one more aspect which is privacy.
As a disclaimer, I will be comparing a HW with a Tails installation, provided that both are configured properly and all human mistakes are avoided.
If you buy a HW you link your order with a receiving address.
It's not a huge deal for most people, but there will always be someone who knows that a Trezor 3 was delivered to the address XYZ in New Zealand. Now, the address XYZ can be a temporary mailbox and the recipient's information can be fake. In that case the only real link between the selling company and the recipient will be the payment process. One can use a temporary pre-paid card (there are various sites that sell this type of cards). Or can also use some privacy-focused cryptocurrencies like XMR.
If you buy a USB and download Tails, information can still be leaked, but there is no evidence that you purchased the USB or that you downloaded Tails for financial usage (bitcoin).
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as long as the connection is established, it doesn't matter who initiated it and the network gets helped anyways. I don't think you're uploading blocks that way. Despite the name, you can perform both upload and download. But node which accept incoming connection is more likely to receive block from other node first before your node, since it have more connected node. That's also my take on this subject, but wanted to verify it, so thanks. The thing is, there must be nodes that accept inbound connections for the network to work. So, indeed accepting incoming connections helps the network, but, personally, I run two nodes, one Tor only and one with "default networking". For the latter, I didn't really bother messing with port forwarding, because I need ISP permission and I am also not very good with network configs. |
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To help the network, of course  Which reminds me, my bitcoind wasn't running so I just restarted it. I'm kinda curious to see how much it would upload per month now. The thing is, as long as the connection is established, it doesn't matter who initiated it and the network gets helped anyways. Obviously if nobody accepts inbound connections, there can't be a network (I think, but never actually thought about it). |
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Hello everyone, I am Xypher 606, this is my first post on this platform. I am just learning the ropes and I am going to need a lot of assistance from this wonderful community. This is my first time joining a Bitcoin platform and I'm both nervous and excited to be here. I'm a person who believes that growth is found in instructions so I'm shamelessly asking for any nuggets of wisdom, special tricks, manners of approach and specific knowledge that is required of me to serve this community at my very best. Thank you.
Welcome! My only advice is to enjoy the forum in a natural manner. It shouldn't require any effort. You may find some obstacles in your way, but with humour and patience, you 'll be good. If you 're also interested in Bitcoin as a tool and not only as a price that goes up and down, I suggest that you engage in conversations in the Bitcoin board of the forum (the first board at the top of the initial page). |
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LoyceV and nc50lc must have covered your question, but I 'd like to ask why it's necessary for you to accept incoming connections? Since you have outbound connections, your node is fully functional.
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But since you don't have the seed phrase and the wallet is empty, ignore the existing wallet and create a new one.
do i uninstall feather then reinstall to do that? What bitbollo said, but also pay attention to the following: 1. don't delete the existing wallet even if you don't remember the password. Just ignore it and create a new one. 2. try to remember if the existing wallet was sent to anyone who could potentially pay you. If so, you need to keep trying to remember the password. 3. don't send funds to the existing wallet. I guess, since you don't remember the password that you can't open it to copy a receiving address anyway. 4. copy the seed phrase of the new wallet. I suggest two copies stored on paper in different secure places. |
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I forgot my feather wallet password. There were no funds in it, but I would still like to use it. I don't have the seed phrase. What should I do? I am using a linux desktop.
Feather is a Monero wallet. Currently, Monero's default seed phrase size is 16 words long, which is uncommon for Bitcoin, so you can tell the difference. But since you don't have the seed phrase and the wallet is empty, ignore the existing wallet and create a new one. Take a piece (or two) of paper and write down the seed phrase. If you forget the password you still have the seed phrase to recover the funds. This is how it should work. |
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