bitcoin legal vs illegal ???

[pawanjain]

At one side we are saying every transaction in the Bitcoin is free to see by anyone ( which is really a thing which increases our trust , faith in the Bitcoin )
 
but opposite of this
most of the wallets have the service of multiple address.
like mysellium which has a property of change address after every transaction .
And also blockchain whose address per hours per minute changes .


Do you think guys that to make Bitcoin more legal the option of varying address should be removed from the Bitcoin network and make it tracebale at every point .

[1715460531]

1715460531

[Nekutasa]

I agree with you that the option of different addresses should be removed, but I dont think that transactions being tracable make bitcoin illegal. Personally I really dont mind if it's tracable or not, it's always been like this and it never had a negative impact on me. I think that tracable transactions are beneficial because for example if you send out a payment, the recipient can confirm through a txid or a tracable transaction.

[mrcash02]

If people wants to change their address after every transaction it's because they don't want or they can't be tracked. The virtual world is different from the physical, I believe on the internet people have more freedom and privacy to do what they want and as Bitcoin is a decentralized currency and brings a "decentralized" filosofy, I think if this feature would be removed the purpose and filosofy of Bitcoin would be affected, on the another hand it could help law forces to spot thieves.

[veleten]

what a load of bull
if you want you can trace every transaction nregardless of whether a new address is used or not
if you consolidate your funds you will use your old address and it will be prefectly traceable to whoever is persistent enough
also give me a reason why would you want less privacy and anonymity?

[Amph]

it doesn't make sense to remove it, because i can simply create another wallet if i want more anonimity, and creating another wallet is more anonymous than making more address with the same wallet

not to mention it also lower your average transaction size, it's a win win situation, for everyone using bitcoin

[SHAWN-MIDWAYS]

At one side we are saying every transaction in the Bitcoin is free to see by anyone ( which is really a thing which increases our trust , faith in the Bitcoin )

The public ledger(blockchain) is not only a matter of trust, its also more the skeleton of bitcoins functionality.
 

but opposite of this
most of the wallets have the service of multiple address like mysellium which has a property of change address after every transaction .
And also blockchain whose address per hours per minute changes .
 

Do you think guys that to make Bitcoin more legal the option of varying address should be removed from the Bitcoin network and make it tracebale at every point .

I don't think its legality standing in the way of having multiple addresses but on a hodlers point of view having multiple addresses allows tracking your savings towards your goals and allows spending funds on everyday necessities without tempering with your hodl. So scraping the dynamic address generation is a NO for me!

[Proficient]

it doesn't make sense to remove it, because i can simply create another wallet if i want more anonimity, and creating another wallet is more anonymous than making more address with the same wallet

not to mention it also lower your average transaction size, it's a win win situation, for everyone using bitcoin

True, and all that making people keep the same address would do is either to create new wallets or to just move to a more anonymous cryptocurrency, like cloakcoin which some people seem to like.

Countries will decide whether Bitcoin should be legal or not partially based on their commitment to privacy, but ultimately no one can entirely ban something on the Internet unless they entirely remove the conventional Internet for their own purposes (e.g. North Korea's intranet), and by compromising its principles Bitcoin would leave itself vulnerable because if a government decided to ban it, people would find it much harder to hide their use.

[1.btcwonder]

It dependent on what you’re undertaking with it. The legitimateness of your bitcoin exercises will rely on upon your identity, where you live, and what you are doing with it.The legal status of Bitcoin exchange is very misty and it varies from country to country. Some countries prohibit the exchange of Bitcoins but on the other side, some countries give a legal or not too heavily regulated viewpoint to Bitcoins. the
legitimate status of bitcoin differs considerably from nation to nation and it is yet indeterminate because it's legal or illegal status is changing day by day in many countries.

[olubams]

The first thing we need to identify is what is the basis of the multiple addresses because sometimes when determining the legality of an action, the intent is allowed to take precedence over the action itself and in this case this is what I see. So, I dont see that as a reason to determine the legality of a transaction and moreover the change in address is an optional thing so you have the option to decide whether to use it or not...

[Hazir]

- storing bitcoin is free, but sending transaction is not. You will have to pay the fee, that is a toll for using BTC network.
- what is wrong with multiple bitcoin address being available for everyone, it only increase our privacy
- you are talking about HD wallets which generate wallet for every transaction, you don't like it, use Bitcoin Core

[zeze18]

I think bitcoin transactions legally or not it does not affect me,
because this salama I've never had trouble in the transaction by using biotcoin

[audaciousbeing]

The issue about the legality of bitcoin is still a dicey one in most countries of the world and the issue of the multiple addresses in my own opinion, does not affect legality in any way because even in the Fiat world that depends on the banking system. After all, I have seen individuals having several bank accounts in a bank or several banks but connected through verification process and this has not stopped the legality of Fiat.

[darkangel11]

I think bitcoin transactions legally or not it does not affect me,
because this salama I've never had trouble in the transaction by using biotcoin

Are you using google translate to write posts? If you do, at least try to check if all of your original text got properly translated and not converted to something else  You owe us this much.

If it becomes illegal in Indonesia I'm quite sure it will affect you.

[jorneyflair]

If people wants to change their address after every transaction it's because they don't want or they can't be tracked. The virtual world is different from the physical, I believe on the internet people have more freedom and privacy to do what they want and as Bitcoin is a decentralized currency and brings a "decentralized" filosofy, I think if this feature would be removed the purpose and filosofy of Bitcoin would be affected, on the another hand it could help law forces to spot thieves.

Thats it, I cannot understand why would anyone want to remove the option of changing deposit address for example, every hour.
If someone want to stay private in the Internet, then why you guys are against it?

Decentralization means it is not controlled by the goverments but they could track every transaction and list them to specific address and the address would be listed to the real person.

Leave it like it is, if this option will be removed, many people will go for altcoins.

[Ankara]

Should it be illegal to own multiple physical wallets in different locations? If not why should it be illegal to own multiple virtual addresses. That is not even worth considering to why bitcoin should be legal or illegal.

[Realtech]

yes i agree to that bitcoin is not illegal,just because is not tracable

[darkangel11]

yes i agree to that bitcoin is not illegal,just because is not tracable

2 wrong assumptions in such a short sentence.
1. It IS traceable. Not always to your own name, but bitcoins whole history is visible on blockchain. You can find where and when the coins were mined and so on.
If you decide to cash out on an exchange it will also be possible to get your account number and trace it to you
2. Legality has nothing to do with traceability.

[BigBall]

I think that it is good to have multiply adresses because there are many kind of earn money online business for which is good to have more than 1 bitcoin adress so I think that bitcoin is legal with that option.

[Yuuto]

I have something to say for all those, who want to see the option of varying addresses to the same wallet being removed:

Are you aware  that some of the  altcoins that have already been created, are 100% anonymous?
It means that you cannot track someones wallet just by having his address number ( like it is in bitcoin, if the option of different addresses to one wallet is enabled ) but you totally can't trace the people.

So if someone really wants to stay anonymous, and he needs to pay for something through the web- why would he use bitcoin?
He can just go for monero, and pay for the stuff with it.

Erasing the varying address option would be a very big mistake, because many of the current bitcoin users would simply leave it, and stick with some others cryptocurrencies, which may provide them privacy.

[kpcian]

I think it doesn't matter whether addresses remove or not if anybody wants to create another wallet so that one can easily. nowadays people are interested in using bitcoin because of trackless. so some people really wants to be hidden.
So from my perspective, bitcoin is not illegal, day by day it's getting more powerful and acceptable so many countries already approved as a currency and it's already made its platform as a virtual money.