fernandoaleixo (OP)
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May 14, 2018, 09:05:17 PM |
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How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?
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Rozita
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May 14, 2018, 11:19:17 PM |
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How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?
Bitcoin transactions are anonymous. As long as you don't reveal your identity, no one know you are a bitcoin holder. For this purpose you have to buy bitcoin peer to peer from a person you trust. Never use exchanges that force you to verify your identity. |
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forumsehat
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May 14, 2018, 11:25:21 PM |
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Actually it's very easy if you want to find you in bitcoin, the government simply track your bitcoin wallet and if you register your account when entering or verifying with your original address and photo, because bitchin with Blockchain technology has a decentralized system.
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bitmover
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bitcoindata.science
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May 14, 2018, 11:28:32 PM
Last edit: May 15, 2018, 12:00:32 AM by bitmover |
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How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?
Government can find you through an exchange. He can find you through an kyc from an airdrop, ico, etc. Unless you are very careful, you can be tracked. |
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7Dyoknga5
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dApps Development Automation Platform
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May 14, 2018, 11:33:14 PM |
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They cant. Bitcoin is decentralize and there is no possible way to track down your transaction/info unless they were able to log in into your wallet. And that would be easy for the government, but if they do hack you, it's a breach of privacy.
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jurelmartin
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May 14, 2018, 11:41:38 PM |
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How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?
I dont think its that simple for them to find you out, the whole concept of bitcoin is focusing on decentrilization, meaning there is no middle men to record your identity in your transactions, bitcoin provides anonymity of each users, cracking it down is very impossible |
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TepungBeras
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Presale is live: BitPenta.com
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May 14, 2018, 11:46:01 PM |
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That could be done by tracking down their wallets and the government can find out if it was you with the verification you made when creating a market account.
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abelmon66
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May 14, 2018, 11:54:32 PM |
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To find the bitcoin that allows is not necessary, because with the full address and the current photo, with all it can use bitcoin wallet in the transaction.
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JanpriX
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May 14, 2018, 11:59:12 PM |
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From what I understand, the government will be able to trace the transaction with BTC that you made when you cashout it on a payment processing establishment/company in your country. They'll be able to do that because most of these companies require you to provide KYC documents before letting you cashout your money from them. This will be the only thing that I can think of where they'll be able to link your name to any BTC transaction.
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erickkyut
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May 15, 2018, 12:05:22 AM |
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One of the good characteristics of Bitcoin is its decentralization. You can use it even without proper identification. Government has no means to trace your BTC use unless you register to a platform with KYC because in order to use that platform, you'll need to submit some identifications and pass the KYC.
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poletando
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May 15, 2018, 12:09:50 AM |
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until right now as i know that owner of the bitconi cannot traceable, because there are many address and the owner in the world, and i think its too hard to identify who is the owner, i think your country is start to blocking bitcoin webiste, all related with bitcoin like local exchanger and many more, they start to block it until peoples in their country can't access bitcoin network
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Teawhalee
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May 15, 2018, 12:32:29 AM |
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All Bitcoin transactions are anonymous and can't be traced to the identity of its storage. No one on earth can ever know if you have or not. Unless you decide to showcase your identity. So government can not know if Anyone has bitcoin or not.
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hoavantathan
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May 15, 2018, 12:37:16 AM |
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it's possible. they can track you when you trade when you trade or exchange on website. they find you via IP address. but you should fake IP to avoid it
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LinkinPrak
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May 15, 2018, 12:44:42 AM |
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You have no right to be punished, if you are punished because you have bitcoin, then you should ask them, "If I have bitcoin, what is the negative impact on this country (venezuela)?
surely they will be confused. Is the bitcoin in venezuela banned 100% (although only have it)
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ekoja
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May 15, 2018, 12:49:34 AM |
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How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?
BTC is declaimed to be anonymous, but actually not totally. Basically, you can be traced by your ip where you connect to the internet. Anyway, you can use tor. Another thing is when you want to buy/sell bitcoin with FIAT. Most exchanges will ask your personal information. |
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josephpogi
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May 15, 2018, 12:50:35 AM |
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How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?
Govermens can trace if you have own bitcoin by creating online wallet like coin base and others itt depends on your country because in our country coins.ph can trac that you have btc because before you cash our goverments or banks need your verification and others. |
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adpinbr
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May 15, 2018, 12:51:14 AM |
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our mobile wallets are now having requirements to identify the holder. Maybe in this way, they can trace who has bitcoin. but without this, we stay anonymous to the government but they know how many transactions that are related to bitcoin.
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squatter
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STOP SNITCHIN'
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May 15, 2018, 01:04:35 AM |
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How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?
You should avoid reusing addresses. You should also be careful to use coin control: remember that signing transactions with outputs from multiple addresses associates all those addresses together. You should always use IP address obfuscation when broadcasting transactions to the network. You can push raw transactions over TOR using a push service like https://blockchain.info/pushtx or you can connect to the network through a good VPN. Bitcoin transactions are anonymous. As long as you don't reveal your identity, no one know you are a bitcoin holder.
For this purpose you have to buy bitcoin peer to peer from a person you trust. Never use exchanges that force you to verify your identity.
Bitcoin transactions are not anonymous. They are pseudonymous. Even if you never fully verify your identity with an exchange, things like IP addresses, cookies and PII like physical addresses (e.g. if you've bought an Amazon gift card with BTC and had something shipped to your home) can be used to identify you. Lots of PII gets leaked when dealing with third parties via web browser. And if blockchain analysis companies (working with governments) can identify one or two of your used addresses, clustering techniques may allow them to map much of your transaction history. Be careful out there! |
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meanwords
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May 15, 2018, 01:07:45 AM |
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The only way for the government to trace you is for you to give your personal information. Most exchanges now a days requires a verification of your information for you to exchange Bitcoin to fiat. Also, I think the government can use IP address to track you. You could use decentralized exchanges to avoid that but I myself haven't use any of those. You could use something like TOR to hide your real IP address. Don't worry, it's not that easy to track you as long as you hide your identities away from exchanges that require verification.
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squatz1
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Flying Hellfish is a Commie
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May 15, 2018, 01:18:23 AM |
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It's not that hard when you actually think about all of the resources that the government really has, they're able to use their IRS (alongside state tax services and private crypto companies) in order to track down when you bought coins, for what price, and if you reported it or not to them. It's not hard at all if you're not actively trying to circumvent government watching, which most people aren't if they don't think they're doing anything wrong.
I think the IRS is even working with (or has worked with) some private companies in order to find out who some people are on the blockchain. For audit purposes of course, as they know that some of these people are trying to avoid them
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