Mac Slavo | SHTFplan.com
August 25th, 2017
http://www.shtfplan.com/headline-news/your-bitcoin-is-not-anonymous-irs-moves-to-track-bitcoiners-with-new-chain-analysis-tools_08252017
Last month Alt-Market.com founder Brandon Smith warned that Bitcoin may not be all that it’s cracked up to be in terms of its purported anonymity:
For years, one of the major original selling points of bitcoin was that it was “anonymous.” It always surprised me that so many people in the liberty movement bought into this scam. Surely after the revelations exposed by Edward Snowden and organizations like Wikileaks, it is utterly foolish to believe that anything in the digital world is truly “anonymous.” The feds have been proving there is no anonymity, even in bitcoin, for some time, as multiple arrests using bitcoin tracking have indeed occurred when the FBI decided it was in their interest. Meaning, when the feds want to track bitcoin transactions, they can, and it does not matter how well the people involved covered their actions.
Because every transaction exists on a public blockchain ledger, an enterprising organization – say like the NSA or IRS – could conceivably implement blockchain analysis tools to track down Bitcoin fund transfers around the globe.
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Well, anyone can track the transactions. But how can they associate a transaction with the person? That's the whole point.
For registration in coinbase for example you make a photo of your driver license, maybe according that picture.
That's correct, but misses the point. CoinBase is a gate. It's the intersection between Fiatland and Cryptoland. Of course they'd be able to track that. But how would they track an offline generated wallet?
Or if you buy them on LocalBitCoins?
There's a rule to be followed, when using BitCoin:
"Your private key - your BitCoins. Not your private key - not your BitCoins."
More on how to protect BitCoins from governments and other thieves are written down here.
Wow...
1.So does it mean you need to pay taxes for income which you made by buying and selling bitcoins ?
2.Is there any law concerning it?