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Author Topic: Which Altcoins Are Not Traceable By Governments  (Read 1198 times)
Woodford
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October 21, 2016, 06:35:51 PM
 #1

I have read that many people, in countries that have repressive governments, use bitcoin to move their money out of the country. It seems to me that the bitcoins of the future need to be untraceable by governments to be useful to the public. Which altcoins are being developed that could fill this need? These might be the altcoins to watch. Such altcoins would probably not need an exchange, nor want one to remain non-traceable. I assume such altcoins would be sent straight from one's own computer. Perhaps there is an article written on the subject.

Thanks
Woodford
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October 21, 2016, 06:46:07 PM
 #2

I have read that many people, in countries that have repressive governments, use bitcoin to move their money out of the country.
You mean governments use bitcoins to move their money out of the country ?Are you confusing yourself ?Wrong information anyway.

It seems to me that the bitcoins of the future need to be untraceable by governments to be useful to the public.
Bitcoins are not fully anonymous.Read the post by GMaxwell that makes much sense.Also,it's not *bitcoins of the future,just coins.

Which altcoins are being developed that could fill this need? These might be the altcoins to watch. Such altcoins would probably not need an exchange, nor want one to remain non-traceable.
Only coin I could think of right now https://zcoin.tech/


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October 21, 2016, 07:08:27 PM
 #3

Everything is traceable on internet. And I mean everything (even if you think it's not).
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October 21, 2016, 07:32:09 PM
 #4

everything's traceable somehow. either the paper trail buying it, mining it or the meet to buy it for cash. it would be interesting to see how some of these anon coins stack up against a concerted state level witch hunt.

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iamnotback
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October 21, 2016, 07:36:34 PM
 #5

Refer to my expert opinion.
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October 21, 2016, 08:10:13 PM
 #6

Why would a government trace an Average Joe's crypto activity. i mean there are a lot of more important stuff to do for them
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October 21, 2016, 08:15:29 PM
 #7

Why would a government trace an Average Joe's crypto activity. i mean there are a lot of more important stuff to do for them

there are tons of average joes who skimp on their taxes, don't pay child support, buy drugs, buy guns and on and on. governments chase millions of average joes every single day. prisons are filled with average joes.

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October 22, 2016, 03:10:13 AM
 #8

Why would a government trace an Average Joe's crypto activity. i mean there are a lot of more important stuff to do for them

there are tons of average joes who skimp on their taxes, don't pay child support, buy drugs, buy guns and on and on. governments chase millions of average joes every single day. prisons are filled with average joes.

Correct and a  very  precise answer though average joe could   do anything about their money  on  using bitcoin. Thats why  its really important for  government to trace them  up to lessen the  rate but as we all know  bitcoin is  anonymous and   other alts  which are being used on  illegal things thats  why  its really hard to trace them up.



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October 22, 2016, 03:17:55 AM
 #9

I have read that many people, in countries that have repressive governments, use bitcoin to move their money out of the country. It seems to me that the bitcoins of the future need to be untraceable by governments to be useful to the public. Which altcoins are being developed that could fill this need? These might be the altcoins to watch. Such altcoins would probably not need an exchange, nor want one to remain non-traceable. I assume such altcoins would be sent straight from one's own computer. Perhaps there is an article written on the subject.

Thanks
Woodford
in my opinion there are many altcoin which are not Trace by the government because they are not varified they can ran any time or even the owner can ran  ( common examples at the exvhan like yobit with coin rate 1 satoshi ) .
so many altcoin are in this category which are not traced by the government


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October 22, 2016, 03:41:50 AM
 #10

everything's traceable somehow. either the paper trail buying it, mining it or the meet to buy it for cash. it would be interesting to see how some of these anon coins stack up against a concerted state level witch hunt.

Everything is traceable on internet. And I mean everything (even if you think it's not).
Agreed here, even though I haven't a clue how governments or anyone else would track you.  They will, and there is a way.  Still, I think if money has to be exported from a shitcountry, bitcoin or any of the myriad altcoins is a damn good way to do it.  It certainly is fast, and it beats trying to strap 50 kg of cash to your body in an airport.  Airport security doesn't check to see if you have a Mycelium wallet on your phone is my guess.



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October 22, 2016, 05:04:14 AM
 #11

It always boils down to cross-referencing.

The more points you can collect data from the easier it gets to triangulate a target.
Think about this..
What control points on the web do the US govt have access to ?
ANYTHING on US soil from internet backbone relays to Exchanges.. to ISP's to VPN's to To Hosters.
*ALL* are simply a request away from divulging your info to 3 letter agencies.

There is also more than one way to skin a cat.
Need access to say a VPN provider ?
Well you can show up with a warrant and a badge.
Or you can try social engineering to break into their systems.
You can hire hackers with large amounts of money..
Or you can bribe them to fork over the goods !

A Lamborghini is all it cost the US govt to buy Osama Bin Laden's ass.

So i will highlight the part i want to stress here once again..
EXCHANGES !
How many of them are US law compliant and / or collect your private info and maybe Picture ID etc ?
And what is traded on them ? ..coins.


EDIT:

I have seen reports of cell phone spying for 20 years i think too.
I had heard they farm it out to 3rd parties..
The have psuedo call centers that can monitor calls being made looking for keywords etc i heard back in 2000.

Recently the RCMP here in Canada made a public statement admitting they used Cell phone spying to catch a criminal.
The method they said they used was..
There is a well known program out there used for years with law enforcement that allows them to mimic a cell phone tower so the victims connect to it.. then bam they own your ass !

I also seen another News report about 2 years back that the CAN govt admitted they have setup surveillance spying systems for some major transit locations.. and that they let the Americans use it.
The examples provided included Ontario Airport Cell Phone / WIFI connections.

So.. WHY ?
Just realize.. THEY *DO*
And do you have any clue how deep their spying goes ?

Average Joe may need to be spied on to catch the needle in the hay stack they are after...
Chances are the "nobody" being snooped on is just part of the process they need to operate.
So the mentality that "why would they care?" is dumb.
First thing i said here is control points.. they need to harvest and aggregate as much data as they can sometimes... so they may need to spy on 100k people to find that 1 guy.

FUD first & ask questions later™
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October 22, 2016, 05:36:50 AM
 #12

Everything is traceable on internet. And I mean everything (even if you think it's not).

Big true! right after you come to internet,you are tracked! its life.

http://www.leocoin.info - LEOcoin info App!
LEOcoin - traded on 8 exchanges! more coming - Solo POS coin!
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October 22, 2016, 06:42:34 AM
 #13

Why would a government trace an Average Joe's crypto activity. i mean there are a lot of more important stuff to do for them

there are tons of average joes who skimp on their taxes, don't pay child support, buy drugs, buy guns and on and on. governments chase millions of average joes every single day. prisons are filled with average joes.

The average joe won't likely have the careful attention to detail to make their anonymity significantly difficult for the government to track them. But default anonymity protections could possibly protect the average joe from casual privacy invasions. And the meticulous joe could probably make it not worth the government's effort to track them given the necessary anonymity protocols in the crypto-currency system. The high valued target is nearly always going to be vulnerable to the NSA, unless that target's resources and expertise matches sufficiently the countermeasures the NSA can employ.
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October 22, 2016, 06:57:52 AM
 #14

Not traceable altcoin is CloakCoin!

Why?.... Watch the video and learn!!!!

https://www.youtube.com/watch?v=iOMkteLB3Is
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October 22, 2016, 07:00:24 AM
 #15

if you are doing something illegal, you will get caught even if you use an anonymous altcoin there are other ways apart from blockchain analysis for finding you that I am not getting into here.

but if you are an average Joe wanting more privacy or even living in a country that has been putting some restriction for using cryptocurrencies then you can achieve that by using bitcoin or any altcoin too, just don't link your bank account with your crypto address and you are fine. you can either buy with cash or use a mixer.

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October 22, 2016, 07:02:51 AM
 #16

Why would a government trace an Average Joe's crypto activity. i mean there are a lot of more important stuff to do for them

there are tons of average joes who skimp on their taxes, don't pay child support, buy drugs, buy guns and on and on. governments chase millions of average joes every single day. prisons are filled with average joes.

The average joe won't likely have the careful attention to detail to make their anonymity significantly difficult for the government to track them. But default anonymity protections could possibly protect the average joe from casual privacy invasions. And the meticulous joe could probably make it not worth the government's effort to track them given the necessary anonymity protocols in the crypto-currency system.

Unless the anon sector starts pulling billions of dollars per day, the government won't bother--but simply rely on tracking software developed by the private sector. And this is pure speculation, I believe TPTB (Russia, China, US, everyone basically) are engaged in a huge ballet of Agar.Ioesque nature to see who can grab the trillions of dollars that escaped their borders through tax evasion. If they can grab some of that still elusive pie, they can make projections that the economy can grow--the problem is that while they are engaged in real-world strife with actual human costs--the digital world is programming a more efficient world that uses cryptography to create escape points of value--symbols are taken from the old world system--commands, and literally to figuratively to latterly-reassembled--cal's about to reinvent the game and standford's band is on the field....

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October 22, 2016, 07:04:46 AM
 #17

if you are doing something illegal, you will get caught even if you use an anonymous altcoin there are other ways apart from blockchain analysis for finding you that I am not getting into here.
Not really.I'd like to know what are they other as as you put it.Don't mix using altcoins or any coins then liquidating the cash,of course you can get caught easily.If you use a proper anonymous coin mixing services,you cannot be traced.Why do you think the person who moved Parpains's coins is still not found ? (if I spelt his name correctly).

[quote author=Pursuer link=topic=1657305.msg16644035#msg16644035 date=
but if you are an average Joe wanting more privacy or even living in a country that has been putting some restriction for using cryptocurrencies then you can achieve that by using bitcoin or any altcoin too, just don't link your bank account with your crypto address and you are fine. you can either buy with cash or use a mixer.
[/quote]
Cash can be suspicious too.I'd say don't mix cryptos and cash.Buy cryptos with cryptos.

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October 22, 2016, 10:26:18 AM
 #18

Our goal with CEAL is to provide anonymity. Taken directly from our intro:
"Ceal is a decentralized blockchain and libtorrent-based network designed for information sharing, especially for freedom of expression and freedom of opinion"

Official thread: https://bitcointalk.org/index.php?topic=1644145.0
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October 22, 2016, 10:33:20 AM
 #19

Everything is traceable on internet. And I mean everything (even if you think it's not).

Big true! right after you come to internet,you are tracked! its life.

Agree Cheesy If we are connected to internet then we are all in 1 network though we dont have the same gate away we are still in one network Cheesy . We cant stop it government and any Organization is watching us now or tracking us now Cheesy There are no anonymous connection or you cant track by this in the internet

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October 22, 2016, 05:00:48 PM
 #20

if you are doing something illegal, you will get caught even if you use an anonymous altcoin there are other ways apart from blockchain analysis for finding you that I am not getting into here.

Not really.I'd like to know what are they other as as you put it.Don't mix using altcoins or any coins then liquidating the cash,of course you can get caught easily.If you use a proper anonymous coin mixing services,you cannot be traced.Why do you think the person who moved Parpains's coins is still not found ? (if I spelt his name correctly).

Being untraced once, is not the same as being untraced ongoing with multiple incidents. Eventually the correlations add up, the NSA uses other more powerful countermeasures to target you, etc..

Again what I wrote in my prior comment is the accurate way to summarize the situation.

Btw, coin mixing services can be rooted by the NSA. Mixing algorithms and protocols can be unmasked via a combination of factors such as Sybil attacks and correlating meta-data (IP address, Internet accounts, etc).

Please. I am the former user account Anonymint. I am an expert on this topic.

If you are doing illegal activities and relying on anonymity, you had better consult with an expert. Because it is very likely (almost certain) that you do not know how you have potentially compromised yourself.
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