51–60 of 402 posts
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Call me paranoid but I think governments of the 21st century ultimately want the ability to track every single transaction they can.
If you're worried about that then Bitcoin isn't for you. It's not just Governments, anyone can see _every_ transaction as it's in the public ledger.
guess what, Mr. Commissionaire? Bitcoin isn't a company and you don't need to ask companies to transfer crypto assets
edit: this just shows how little power they have over the network, so they will tyrannise the middlemen instead
Earlier quoted context omitted.
In Spain soon it will be impossible to pay more than 1k in cash. Current limit is around 3k iirc. I guess it's the same in most EU countries.
Not sure why someone downvoted that. In France it's limited to 1000€ currently. https://www.service-public.fr/particuliers/vosdroits/F10999
Link to a news piece commenting the new Spanish law: https://www.rtve.es/noticias/20210630/congrso-aprueba-ley-pr...
>> The new rules would also prohibit providing anonymous crypto-asset wallets. Where should I send my Ledger to so i can be a good, obedient citizen and be compliant with this law?
Pretty easy actually: let me give you 0.01BTC, then I'll know what you spend your money on. Forever.
>> The new rules would also prohibit providing anonymous crypto-asset wallets. Where should I send my Ledger to so i can be a good, obedient citizen and be compliant with this law?
Pretty easy actually: let me give you 0.01BTC, then I'll know what you spend your money on. Forever.
That's why the move to decentralized everything. This total control nonsense will eventually end and these dinosaur idiots will stuck with their own destructive ideas
Also known as taxes.
> these dinosaur idiots
Taxman.
> The new rules would also prohibit providing anonymous crypto-asset wallets. When you drill this down, it seems they are really outlawing certain math.
> a company transferring crypto-assets for a customer would be obliged to include their name, address, date of birth and account number, and the name of the recipient guess what, Mr. Commissionaire? Bitcoin isn't a company and you don't need to ask companies to transfer crypto assets edit: this just shows how little power they have over the network, so they will tyrannise the middlemen instead
And that alone is going to make tax evasion or laundering a lot harder, and probably makes it a way less attractive asset for criminals.
Earlier quoted context omitted.
Pretty easy actually: let me give you 0.01BTC, then I'll know what you spend your money on. Forever.
This is not right - pretty much all modern wallet software generates brand new key pairs each time there is a transaction, thereby creating a new address. The unspent utxo's (unspent transaction outputs) are then sent to the new address and the old address can (but shouldn't) be used.
The UTXO "privacy" model of Bitcoin has never worked out, and more modern cryptocurrencies aren‘t even attempting anything like it anymore.