posted Sat, 10/10/2020 - 15:04
1265
Bitcoins about to be regulated by federal government!!!
ad
Pigeons I say... pigeons are the future people!!!
https://news.bitcoin.com/us-government-moves-to-regulate-cryptocurrencie...
- Bookmark
- 0
- 0
A few years back the gov started to give away phones to everybody who could not afford one. You think they did that because they wanted everybody to be closer and communicate better? No! First in order for you to get one you needed to give voluntarily all your info, then they would give you a phone or tracking device which would pinpoint your exact location all the time. It was proved that they installed apps that they could manage in order to hear and see whatever they wanted. If we think that they cannot intervene in this, where there's a lot of $$$ being passed around... boy, we would be very naive.
Hand to hand is virtually untraceable, but when there is an intermediary, well... I'm not sure for how long it can remain untraceable.
Like Greg says, maybe they cannot mess with your wallet, but once the crypto gets out of your wallet to another wallet, that's what they want to know. They can place malware and spyware not to decrypt the crypto, but to decipher the routes with locations and Ip addresses. If they observe that a specific address is receiving transfers constantly and there is no registered business in their database, that's an automatic red flag.
Is like in the physical world. They cannot stop me out of nowhere to check my pockets if there's no cause for it, or suspicion. But they can check all my accounts 24/7 and if there's funds that I cannot justify by having at least a candy stand to launder those funds, well... I'm fu@#$%
This is how desperate they are to get their claws in this issue:
https://www.google.com/amp/s/www.forbes.com/sites/kellyphillipserb/2020/...
They can only regulate what's not in your wallet.
true but it will suck cause idk anyone that sells gear and idk how safe using bitcoin will be after this shitshow goes down. I also imagine alot of newbies will get popped
Anyone who is buying straight from their Coinbase account (or any other exchange account) is a fool.
You have a bank account, you pull out cash and pay your drug dealer. BTC is not much different. Cash has a serial number, bitcoins have a digital ID as well.
You withdraw bitcoin from your exchange and place it in your personal wallet. From that point, what you do with your bitcoin is like cash if it is sent P2P with other unidentified wallets.
Caveat for the careful and or paranoid. Bitcoins can be tracked on the blockchain. Your wallet addresses can be linked to you via KYC transactions such as a link to an exchange or an order from a website that has logged your ID to ship a product to you.
Create a "buffer wallet" or two.
Keep one wallet as your "KYC" wallet, never use that wallet to send or receive funds for elicited activities.
Create a second wallet and send a good amount of what you think you need as a savings for your more "private activities" (one larger payment will not match several smaller payments flowing out from the second wallet)
No one can tell if you own the wallet, they can just see the transaction of clean bitcoin going to that wallet. You're not responsible for what that "other guy" does... If any one asks who he is, He's the Craigslist asshole that conned you out of big $$ for a vintage copy of Suspense Comics #3 printed in 1944. "Fuck that guy to hell!"
You can also use local bitcoin, privacy coins, and coin mixers. Mixers and local bitcoin have their risks and there are not many privacy coins that are widely accepted.
thx for the tips, never used coinbase for that crap ill use jaxx wallet and another one. so I send smaller payments instead of 1 large one right?
You buy bitcoin from someone... or an ATM.
If you use any form of ID (bank transfer or CC for example) to buy your BTC you want to send it to a "clean wallet". Never use that wallet for "private activities". Because, if you create a real time sequence from where you bought the BTC, to your wallet, to a known "dirty wallet" (e.g. drug dealer account being monitored by Interpol) You are now compromised.
$50 buy BTC > $50 JAxx wallet > $50 CENSORED LABS = direct relationship with Censored labs.
$1000 buy BTC > $1000 JAxx wallet > $1000 anonymous wallet > $50 Censored Labs = indirect relationship with Censored labs giving you plausible deniability.
Your second wallet should be electrum or something where you hold your private keys (unlike JAxx) If you don't exclusively hold your private keys, you don't own the bitcoin.
anonymous wallet = "Craigslist Asshole"