A problem with Bitcoin?

[9kv]

I don't think Bitcoin will ever be allowed in its current state by any first-world government to get very big. The reason being is that all transactions are mostly anonymous. Governments need to know the amount of money going into their country and the amount of money leaving their country. My proposal for this is to have an option (default value: true) on each transaction to get the geolocation of each IP (Country only) and put that in the txn hash.

you would be allowed to disable this option but the majority of users would be too lazy to change it and a slightly accurate amount is generated per country.

Does this make sense?

[1713930437]

1713930437

[1713930437]

1713930437

[1713930437]

1713930437

[minerpumpkin]

What if you just go and fake that entry? I mean some people will just do it in order to mess with the government or whoever. Also, Bitcoins never really exist in a definitive country, the only thing you'd be doing is recording in which country a transaction has just been issued!

[odolvlobo]

I don't think Bitcoin will ever be allowed in its current state by any first-world government to get very big. The reason being is that all transactions are anonymous. Governments need to know the amount of money going into their country and the amount of money leaving their country. My proposal for this is to have an option (default value: true) on each transaction to get the geolocation of each IP (Country only) and put that in the txn hash.

you would be allowed to disable this option but the majority of users would be too lazy to change it and a slightly accurate amount is generated per country.

Does this make sense?

The problem is not with Bitcoin. The problem is with governments interfering with basic human rights. Either way, your solution is not a solution because:

1. It shows where money is being sent from but not where it is sent to.
2. Governments don't "need" to know how much money is flowing in and out of their country if they don't control the money.
3. It depends on ignorance.

[9kv]

What if you just go and fake that entry? I mean some people will just do it in order to mess with the government or whoever. Also, Bitcoins never really exist in a definitive country, the only thing you'd be doing is recording in which country a transaction has just been issued!

A minority would fake the entry, for the most part the populace would not fake it.

I don't think Bitcoin will ever be allowed in its current state by any first-world government to get very big. The reason being is that all transactions are anonymous. Governments need to know the amount of money going into their country and the amount of money leaving their country. My proposal for this is to have an option (default value: true) on each transaction to get the geolocation of each IP (Country only) and put that in the txn hash.

you would be allowed to disable this option but the majority of users would be too lazy to change it and a slightly accurate amount is generated per country.

Does this make sense?

The problem is not with Bitcoin. The problem is with governments interfering with basic human rights. Either way, your solution is not a solution because:

1. It shows where money is being sent from but not where it is sent to.
2. Governments don't "need" to know how much money is flowing in and out of their country if they don't control the money.
3. It depends on ignorance.

1.Yes that is something I didn't think of.
2.Governments always want to know how much money is flowing into their country. They also want to control the money.

[BittBurger]

The anonymity of Bitcoin is a fallacy, a facade, and a misnomer.

-B-

[cr1776]

2.Governments always want to know how much money is flowing into their country. They also want to control the money.

Yes, it is about people (the ones in the government) who are control freak authoritarians who want to have power over the citizens of that country in order to dispose of the products of these people to enrich themselves at the expense of everyone else.

Look at Argentina.  Venezuela, Cuba, North Korea, UK, US. The rulers live like kings at the expense of everyone else.

[csis]

The anonymity of Bitcoin is a fallacy, a facade, and a misnomer.

-B-

spooky, but possibly true.

[Mellnik]

The anonymity of Bitcoin is a fallacy, a facade, and a misnomer.

-B-

Ok mister butt burger.

[pedrog]

Well, I actually see the "anonymity" of bitcoin as a problem but because it is not anonymous, we have to use 3rd party services, mixers or tumblers, to maintain our privacy.

The "problem" you're talking about happens with cash, I'd say cash is a quite successful technology.

[spazzdla]

I agree that the issue is the gov RAPING basica human rights..  The debt slaves are waking up.. we are not impressed.

[farlack]

I don't think Bitcoin will ever be allowed in its current state by any first-world government to get very big. The reason being is that all transactions are anonymous. Governments need to know the amount of money going into their country and the amount of money leaving their country. My proposal for this is to have an option (default value: true) on each transaction to get the geolocation of each IP (Country only) and put that in the txn hash.

you would be allowed to disable this option but the majority of users would be too lazy to change it and a slightly accurate amount is generated per country.

Does this make sense?

So what you mean is people will be able to avoid taxes? Isn't there a few trillion USD being hidden right now? I see no difference, the poor can do it also.

[oceans]

Everyone seems to think bitcoin is the problem where it in actual fact is not. The government thrives up on being able to control everything the public do and with them not being able to do this with bitcoin they will do everything they can to prevent it from being allowed.

[BurtW]

Governments need to know the amount of money going into their country and the amount of money leaving their country.

This is your fundamental assumption, that they need to know this.

Why do they need to know this?  Please explain.

[leannemckim46]

I don't think Bitcoin will ever be allowed in its current state by any first-world government to get very big. The reason being is that all transactions are anonymous. Governments need to know the amount of money going into their country and the amount of money leaving their country. My proposal for this is to have an option (default value: true) on each transaction to get the geolocation of each IP (Country only) and put that in the txn hash.

you would be allowed to disable this option but the majority of users would be too lazy to change it and a slightly accurate amount is generated per country.

Does this make sense?

This is not true. Most people who are involved in bitcoin value their privacy and would turn this option off. There are many people who own bitcoin that build computers from scratch (this is how the very early mining farms were built).

[DannyHamilton]

I don't think Bitcoin will ever be allowed in its current state by any first-world government to get very big.

You are welcome to any opinion you like regardless of how silly or ridiculous it is.

The reason being is that all transactions are anonymous.

You are not welcome to make up false statements and present them as facts. Bitcoin transactions are not anonymous.  They can be described as pseudonymous, but every transaction is permanently stored in the very public blockchain.  The government has the tools necessary to make it very difficult for the average user to remain completely anonymous while using bitcoin.

Governments need to know the amount of money going into their country and the amount of money leaving their country.

Need to?  Why?

My proposal for this is to have an option (default value: true) on each transaction to get the geolocation of each IP (Country only) and put that in the txn hash.

No thanks.  Go create your own piece of junk scam altcoin if this is what you want.  If you are right and most people would want such a feature, they will abandon Bitcoin for your creation.  If you are wrong and most people don't want such a feature, then your creation will die and the rest of us will be spared suffering along with you.

Does this make sense?

Your idea?  No.

My idea?  Yes.

[cambda]

You can check what IP relayed transaction to Blockchain.info. But in most cases it is not the IP of the user who signed and sent the transaction.

[Soros Shorts]

I don't think Bitcoin will ever be allowed in its current state by any first-world government to get very big. The reason being is that all transactions are anonymous. Governments need to know the amount of money going into their country and the amount of money leaving their country. My proposal for this is to have an option (default value: true) on each transaction to get the geolocation of each IP (Country only) and put that in the txn hash.

you would be allowed to disable this option but the majority of users would be too lazy to change it and a slightly accurate amount is generated per country.

Does this make sense?

Geolocation of IP? Lol! I live in the US but my primary spending wallets are currently located in Ireland and Hong Kong.

Furthermore, you can move your wallet.dat from a computer located in one country to one located in a different country without incurring a recorded transaction.

[BurtW]

I don't think Bitcoin will ever be allowed in its current state by any first-world government to get very big. The reason being is that all transactions are anonymous. Governments need to know the amount of money going into their country and the amount of money leaving their country. My proposal for this is to have an option (default value: true) on each transaction to get the geolocation of each IP (Country only) and put that in the txn hash.

you would be allowed to disable this option but the majority of users would be too lazy to change it and a slightly accurate amount is generated per country.

Does this make sense?

Geolocation of IP? Lol! I live in the US but my primary spending wallets are currently located in Ireland and Hong Kong.

Furthermore, you can move your wallet.dat from a computer located in one country to one located in a different country without incurring a recorded transaction.

This.  The government is screwed if they really "need" to know this information.

Still wondering why you think they need it or even if they really think they need it.

[counter]

I don't think Bitcoin will ever be allowed in its current state by any first-world government to get very big. The reason being is that all transactions are anonymous. Governments need to know the amount of money going into their country and the amount of money leaving their country. My proposal for this is to have an option (default value: true) on each transaction to get the geolocation of each IP (Country only) and put that in the txn hash.

you would be allowed to disable this option but the majority of users would be too lazy to change it and a slightly accurate amount is generated per country.

Does this make sense?

I think your mistaken about governments needing to know what amount of money is coming to and leaving their country.  I think it is more that they want to know, and they will do their best to make sure nothing that makes it harder to do so will be "allowed to thrive and will be considered as a threat.  I think this is where people will decide who they trust more the government that is only worried about it's own interest or support the alternative(bitcoin) and send the over reaching Governments a message.  The message is clear, "you work for us, not the other way around".

The IP txn hash idea is not good and once this was allowed to happen their would only be more regulations to come until their was nothing left of Bitcoin but a centralized casino that could track all it's users for taxation or worse..   

[9kv]

I don't think Bitcoin will ever be allowed in its current state by any first-world government to get very big.

You are welcome to any opinion you like regardless of how silly or ridiculous it is.

The reason being is that all transactions are anonymous.

You are not welcome to make up false statements and present them as facts. Bitcoin transactions are not anonymous.  They can be described as pseudonymous, but every transaction is permanently stored in the very public blockchain.  The government has the tools necessary to make it very difficult for the average user to remain completely anonymous while using bitcoin.

Governments need to know the amount of money going into their country and the amount of money leaving their country.

Need to?  Why?

My proposal for this is to have an option (default value: true) on each transaction to get the geolocation of each IP (Country only) and put that in the txn hash.

No thanks.  Go create your own piece of junk scam altcoin if this is what you want.  If you are right and most people would want such a feature, they will abandon Bitcoin for your creation.  If you are wrong and most people don't want such a feature, then your creation will die and the rest of us will be spared suffering along with you.

Does this make sense?

Your idea?  No.

My idea?  Yes.

calm down please, you're obviously very heated