The European Union Wants to Identify Bitcoin Users

[dinofelis]

Call them potential terrorists and take away their freedoms. This is a change. If many terrorists was really using Bitcoin/crypto then the marketcap would be so fucking large it would be obvious.

Indeed.  Economic freedom is something states are afraid of.  Then they cannot rip off their productive people any more.  Control their money, and you control them.  Bitcoin was a way out.  They've seen it.

[Cereberus]

This is pure war against bitcoin and not terrorism. Countries don't like their citizens freedom and bitcoin does just that give freedom of holding money the way citizens want. This can be counter attacked by exchanging bitcoin to monero and then monero to bitcoin again to a new wallet and new address.

We lose some fee of exchanging this way but privacy is protected this way. TOR+VPN is a must also by doing these moves.

Privacy is protected becuse Monero is untraceable coin.

[audaciousbeing]

Brace up for the regulation is coming and when it finally does, its going to defeat the anonymity Bitcoin professes. Even without this coming to effect yet I have seen exchange sites hiding under the KYCs to even ask for your blood group before allowing one to trade then what are we saying. Its coming and I see government using recent happenings as a reason to have their way.

[lionheart78]

Isn't it amazing. They openly give money and weapons to terrorists. They open their borders to terrorists, and then give them homes and other benefits.

And then they want to try to stop the guy who is working over here, and wants to send a bit of cash home to help his family buy food.

Yup. Some of the terrorists were claiming benefits and using them to fund purchasing arms etc

The main goal of the useless folk in the European Parliament is to hinder FinTech to prop up their failing banks, the terrosim is just an excuse for the other stuff.

This definitely have a point .  They have failed uncovering terrorist that uses the old system to launder money or finance terrorist action, what more they can do with bitcoin. They wanted to make their failing banking system to stay longer so they will think anything that will hinder Fintech advancement.

[aizzaku]

Well i don't understand this move. It will be really hard to identify individuals using bitcoins unless they themselves show up to the authority. So maybe later if someone doesn't show up or register themselves will be suspect for a terrorist activity, for real. -.-

Its so ironic that democracy is by the people for the people but now those appointed by the people want to control the people in every aspect.

If they do it, what will be the difference between a normal fiat online tx and bitcoin tx right. The market will start to crash, dont think it will go down completely for obvious reasons, but i think it will reach some lower values.

Then comes in alt coins, there people have potential to make something really good if they catch the opportunity in the right way.

[beerlover]

i am sure with time more and more restrictions will come while using bitcoin or atleast while purchasing coins because they will come up with the terrorist funding theory so that they can spy everyone .These things are expected to happen and hope changes will happen accordingly.

We can hope for a better change as the governments are trying to make bitcoin user’s transaction easily identify so that they can monitor their activities and affair and the purpose of their bitcoin uses, as it is the need of the day, because of the suspected activities of suspected people in all over the world.

[bohr]

Well i don't understand this move. It will be really hard to identify individuals using bitcoins unless they themselves show up to the authority. So maybe later if someone doesn't show up or register themselves will be suspect for a terrorist activity, for real. -.-

Its so ironic that democracy is by the people for the people but now those appointed by the people want to control the people in every aspect.

If they do it, what will be the difference between a normal fiat online tx and bitcoin tx right. The market will start to crash, dont think it will go down completely for obvious reasons, but i think it will reach some lower values.

Then comes in alt coins, there people have potential to make something really good if they catch the opportunity in the right way.

Government agencies have lots of way of identifying users of bitcoin, they could analyze the transactions, they could track your ip, your browser, the add ons in your browser your hardware, and more factors.

[Ryan Dugan]

This is funny. Lol good luck trying to find out who owns what wallet since you can make as many as you want whenever you want freely and with the greatest of ease. The government habe enough to do this would be the worse waste of tax payers money then there ever could be. It would be endless and throwing money into a void. Do you really want you tax money spent this way ? What if the roads need to be fixed and now that  can't be ?

[ifightformerkel]

This is funny. Lol good luck trying to find out who owns what wallet since you can make as many as you want whenever you want freely and with the greatest of ease. The government habe enough to do this would be the worse waste of tax payers money then there ever could be. It would be endless and throwing money into a void. Do you really want you tax money spent this way ? What if the roads need to be fixed and now that  can't be ?

I agree with you, they have no chance for a tracking.

When they track me, then i buy 10 altcoins on a exchange for my bitcoins and send it too 5 other exchanges
and buy there also 10 altcoins for my altcoins, i would love to see it how many money and men power they will burn for that.

[adzino]

I still remember European Union wanting to create a Bitcoin user database back in june. Crazy what these vile governments can do simply by just mentioning the word terrorism.

[Mometaskers]

I think it's all provided cause of high terroristic activity in the Europe. I am pretty sure that terrorists are using bitcoin for their activity. And that's why Europe wants to identify bitcoin users to track different suspicious activities. Just for global protection.

Isn't that what they always say, for global protection?

There's no denying that bitcoin sure is being used in the deep web but in this case, there are other things they can do before they further infringe on their citizen's privacy. They just won't do it because the severely PC culture there in Europe won't allow it. How hard is it to track which countries their citizens have been going to? Travelling to countries known for harboring fundamentalists should already be a red flag but no, they won't do it. They won't even just check the records! The guy that rammed a truck at stalls in Christmas market in Berlin have criminal records in his home country and imprisoned for theft in Italy for crying out loud!

[c789]

The EU is out of control.

This is one of many signs that they need to disband.

[mainpmf]

Godamnit!
You know I as a European hate the terrorists. But I don't hate them because they killed a bunch of people, I hate them because the fear of terrorism gave the perfect excuse for our governments to go even further in control and coercition. We got the army in every important city you have controls and ID check whenever you want to enter in an important building and believe it or not but even police station are no longer opened to the public (you have to call them so they open you...)
And now this.
Well the good news is that I believe they won't be able to do shit. Fact is that even if something can be done "technically" they have by no way even 10% of the mandatory means to do what they want. Don't forget that most of those countries are both old and full of debt. They won't pay the people needed to control us because they can't pay them ^^

[PokerFace3]

If their goal is to prevent money transmission between terrorist, i think they will waste time because there are many ways to keep anonymous when using bitcoin. Terrorist/criminal still can buy/sell bitcoin even if all exchange is strictly regulated by government.
Also, some money transfer service sometimes can be tricked with fake ID and terrorist also can use anonymous prepaid cards or gift cards to transfer their money as well.

It will really be just the watage of time, as the cannot get the desire result from that, because the suspected people were already using other ways money transaction before bitcoin was fully introduced, so it is not such a big problem for them, the they need to destroy their physical network first.

[VeneVici]

If their goal is to prevent money transmission between terrorist, i think they will waste time because there are many ways to keep anonymous when using bitcoin. Terrorist/criminal still can buy/sell bitcoin even if all exchange is strictly regulated by government.
Also, some money transfer service sometimes can be tricked with fake ID and terrorist also can use anonymous prepaid cards or gift cards to transfer their money as well.

It will really be just the watage of time, as the cannot get the desire result from that, because the suspected people were already using other ways money transaction before bitcoin was fully introduced, so it is not such a big problem for them, the they need to destroy their physical network first.

If there wasn't Bitcoin, it was gold or just any other method. Funding terrorists can be done anonymously in so many ways. Because Bitcoin is anonymous it doesn't mean I or you are a terrorist.. the big problem we're facing is that they want the control over Bitcoin too now. Will we ever have the privacy we want and we need? I don't think so, because we're looking at something that is starting to look more and more like a total control over anything. I guess soon we won't even have the necessary privacy we need in our own bathroom ..............

[bitbunnny]

I don't think this is something against Bitcoin or Bitcoin users but against terrorists. Maybe this will not be very effective but they are trying everything they think it could give some results. All attempts of Bitcoin regulations have in most cases the same goal but this would be very hard to achieve.
Unfortunately in times of big terrorist threaths our privacy is endangered and somet we have to choose between security and privacy.

[Victorycoin]

Brace up for the regulation is coming and when it finally does, its going to defeat the anonymity Bitcoin professes. Even without this coming to effect yet I have seen exchange sites hiding under the KYCs to even ask for your blood group before allowing one to trade then what are we saying. Its coming and I see government using recent happenings as a reason to have their way.

Well not so fast! The government might succeed in laying siege on bitcoin, but it is a pity, they woke up a little too late, because bitcoin already played its role as a pioneer, the seed of revolution have sprouted already and taken deep roots. If not bitcoin, then more robust and sophisticated decedents are sure to emerge to  fill the void.

One of the highlights of bitcoin is its decentralized nature and possibility for peer to peer transactions, so exchanges are not indispensable, besides with bitcoin's global outreach, there will definitely be exchanges that won't insist on KYC.

Someone should remind the governments that terrorists are not the ones manufacturing weapons and ammunition, which is the root of the problem. Evidently bitcoin is not their problem as just about any asset can equally be put to use by those desperate to achieve their aim.

[n0ne]

Several market places were providing illegal products such as guns, terrorist hackers tools and so on openly. So governments taking initiatives to control or stop their growth seems better than just in the name of development planning to deploy bitcoin for its anonymous nature.

[mainpmf]

Several market places were providing illegal products such as guns, terrorist hackers tools and so on openly. So governments taking initiatives to control or stop their growth seems better than just in the name of development planning to deploy bitcoin for its anonymous nature.

Bah.
It won't work, period.
If it ever worked, whole dark-net would just switch to another anonymous altcoin.
No one would give a damn about the governments proposals. They just can't get us.

[RealBitcoin]

Call them potential terrorists and take away their freedoms. This is a change. If many terrorists was really using Bitcoin/crypto then the marketcap would be so fucking large it would be obvious.

Indeed.  Economic freedom is something states are afraid of.  Then they cannot rip off their productive people any more.  Control their money, and you control them.  Bitcoin was a way out.  They've seen it.

Freedom is hard to achieve, and humanity was always enslaved. It's only 200 years since physical slavery was abolished, only to find ourselves in a new form of slavery.

Yes financial slavery, this time not with chains and whips, but with electronic money and debit cards.

Inflation is so fucking big, that Bitcoin is too easy to protect against inflation with it, that is why hoarding was banned in many countries.