Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Daiana on April 23, 2024, 07:32:23 PM
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How many of us use aliases in the crypto world? It's fascinating how biases related to sex, age, skin color, or body type seem irrelevant here—it's purely about your ideas and actions. I was on a call the other day, the presenter used a voice changer and there was no video. It felt freeing to engage purely based on the exchange of thoughts.
However, this anonymity has its downsides, it's easy to get scammed. Additionally, there are legal concerns, especially regarding taxation. Some countries are even reducing anonymity to prevent tax evasion. What do you think is a good balance between maintaining privacy and reducing potential misuse in the crypto space?
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Privacy and anonymity are two different things that most of the time we get confused with one another.
Anonymity is good but it will not be allowed by the governments to be used in any form that's why exchanges delisted them so only users has to buy from decentralised marketplace if they want to use it.
Whereas privacy is indeed to maintain by everyone that restricts others from knowing what we are into.
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Before we talk about the balance, it is also important to see what's the standard that we use to judge it. As a customer, I'd love full privacy, so I don't need to register or give any personal info for any kind of services that I use. But it is nearly impossible for a business to do that. On the other hand, a customer can't verify if their data is not abused, since they have no control over how a business manages their data. I think an ideal solution is to allow customers to see how the company manages their data and decide whether they can keep their data or not, but it is probably not possible as of now for that solution to be mainstream.
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There will always be positive and negative sides to anonymity. But this will depend on our personal judgment, more likely where this will lead. For me personally, this actually has a more positive impact. Because, we will not be related to certain rules, we are free to express and also take action without people knowing who we are. And we can also keep what we do, own, and develop a secret, for our own security too. Because many crimes occur after they know our data well.
However, this anonymity has its downsides, it's easy to get scammed. Additionally, there are legal concerns, especially regarding taxation. Some countries are even reducing anonymity to prevent tax evasion. What do you think is a good balance between maintaining privacy and reducing potential misuse in the crypto space?
The point is, don't be easily persuaded by people you barely know, and with various very attractive offers that will tempt you to take them. Because this is a digital world where cyber crimes are numerous and easy to commit without a trace. So, I personally prefer to respond to various contacts, calls, or whatever when strangers contact me, whether via email, chat, social media, and so on. Because it would be very risky for us. It's better to hide and never trust anyone in a digital world where we don't know who they really are.
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Privacy and anonymity are two different things that most of the time we get confused with one another.
Anonymity is good but it will not be allowed by the governments to be used in any form that's why exchanges delisted them so only users has to buy from decentralised marketplace if they want to use it.
Whereas privacy is indeed to maintain by everyone that restricts others from knowing what we are into.
I believe they are related: they both deal with user information, and in some cases this information is respected, while in others it is not. Striking a balance between anonymity/privacy and convenience has always been a challenge in the crypto market. If anonymity is a priority, DEXs are a better choice than CEXs. Conversely, users will choose CEXs if they prioritize convenience, good liquidity, and a wide range of trading pairs.
Governments will always demand as much transparency as possible in the financial market in order to easily control and prevent illegal activities. We must accept this for crypto to have a legal existence and become more valuable in the economy.
In the past, before DEXs became popular, I missed out on many profit-taking opportunities just because I didn't want to go through KYC on CEX. I thought I would just hold my crypto and become rich when all the tokens in my account would be worth as much as ETH. Reality is not rosy, most of the tokens in my account have become worthless, and I have missed out on the opportunity to earn thousands of $.
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In my own view, all people must have the right to privacy and anonymity all the time though this right can be waived voluntarily most especially in exceptional situations maybe involving the law and government regulations. There are a lot f reasons why people would prefer to be private and not to divulge or open up themselves to the public and as for me the number reason is personal protection. Now, we should understand that this right is not absolute because there are those who are infringing on the rights of other people using the shield of anonymity thinking that they can abuse this right in order to pursue their own interest at the expense of other people. We should be using this right legally and above board so that things will be smooth and nobody can be hurt. So to the question whether this can be good or bad, the answer lies on how we are using it.
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The issue of privacy and anonymity is a bit complicated. People always want to maintain their privacy and try to hide their identity, especially in the digital world, but in reality the issue has many dimensions.
Most normal people like to hide their identity but scammers try hard to hide their identity to scam people while governments consider everyone who hides their identity in the world of cryptocurrencies to be a scammer.
The problem facing all those who hide their identity is that if you are defrauded, you will not be able to recover your money because you have hidden the necessary data to prove that you own the stolen assets.
In fact, finding the balance between these things is very difficult, so you are either giving up some of your privacy or giving up some of your money if you are exposed to fraud.
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I agree with what you are saying, although here in our country there are many laws that are being implemented regarding the Data Act privacy law, and it is also true that our government also does not want anonymity here because, as much as possible, they want our government to have a record of all the citizens under their jurisdiction.
And this is why we are in the field of cryptocurrency or bitcoin business as well. Right?
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Governments will always demand as much transparency as possible in the financial market in order to easily control and prevent illegal activities. We must accept this for crypto to have a legal existence and become more valuable in the economy.
In the past, before DEXs became popular, I missed out on many profit-taking opportunities just because I didn't want to go through KYC on CEX. I thought I would just hold my crypto and become rich when all the tokens in my account would be worth as much as ETH. Reality is not rosy, most of the tokens in my account have become worthless, and I have missed out on the opportunity to earn thousands of $.
Exactly, the government will seek transparency and all the user data that whoever is involved in trading of crypto assets to track the taxpayers which is inevitable if crypto has to be considered legal.
Most of the DEXes are not really decentralized as well so we need to be careful while dealing with random decentralized exchanges with the thought that we are completely anonymous and no need to report our income to the government and evade taxes.
It's so unfortunate that you missed making money, just like me I had the opportunity to bag even in millions in 2018 cycle but I was sol reluctant to not to try taking the risks.
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How many of us use aliases in the crypto world?
If it's about platforms such as this forum where you are not required to verify your identity or have your actual name as your username to be able to participate or do anything, I guess all of us or most of us use aliases here, but if it's about centralized platforms that most of us use such as exchanges, then we are compelled to use our real identity because you can't use those services otherwise and it might not be a choice but a compulsion for most.
What do you think is a good balance between maintaining privacy and reducing potential misuse in the crypto space?
What do you mean by potential misuse? You can maintain your privacy if you keep utilizing decentralized platforms as long as you can because it's not a permanent solution since authorities will soon target them as well and then there will be no choice.
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There is a difference between privacy, which is one of your rights, and tax evasion. You can maintain your privacy and comply with taxes. Maintaining privacy means reducing the exchange of your personal data with third parties and providing the minimum possible amount of data to government agencies that you can sue if that data is leaked. Therefore, creating Verifying your identity and providing your data to any company or platform is reckless behavior and increases the possibility of it being sold on the dark web.
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If only this anonymity could be controlled in quantity, it would certainly reduce the bad impacts that exist. The government is always afraid of the damage caused by implementing something, but actually it also closes down some of the good effects of making a decision to eliminate an innovation.
Anonymity of course has good and bad impacts, some bad activities may need to be reviewed and tightened so that people don't misuse this anonymity feature. For me personally, anonymity is a good thing it really benefits me personally. And I'm sure few people resent this personal gain.
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One of the reasons why cryptocurrencies have gained so much popularity that is freedom. A cryptocurrency user especially bitcoin user can keep himself completely anonymous. He is not accountable to anyone for his financial resources. There is no chance even to seize political power or exert financial pressure on anyone. In the traditional system, the more money a man owns, the more enemies he has. But crypto is the only way to live a safe life while keeping your wealth to yourself. Although there is a noble intention behind this innovation, some people use it to cheat and for this governments don't like to remain anonymous.
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How many of us use aliases in the crypto world? It's fascinating how biases related to sex, age, skin color, or body type seem irrelevant here—it's purely about your ideas and actions. I was on a call the other day, the presenter used a voice changer and there was no video. It felt freeing to engage purely based on the exchange of thoughts.
However, this anonymity has its downsides, it's easy to get scammed. Additionally, there are legal concerns, especially regarding taxation. Some countries are even reducing anonymity to prevent tax evasion. What do you think is a good balance between maintaining privacy and reducing potential misuse in the crypto space?
If you used anonymity let's say to avoid paying taxes intentionally, then that could be a issue here as you are taking advantage of it. But if you just wanted to stay under the radar and not anyone can follow your tracks then that's where the practice of anonymity comes in.
But then again, as much as you want to practice it, someone could have your data without you knowing and they could used it as a weapon against you. So it's hard to shield ouselves at this period, maybe before we can live in private and without the limits of being anonymous, but not in today's era.
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Privacy and anonymity are two different words with different meanings, but be it privacy or anonymity, the government is against it. But then the government can infringe people's privacy but might not be able to do same with anonymity. There are tools and ways to be anonymous without offending the government but this cannot be said about privacy. At a time, the government will try to force you to submit your data in one way or the other, going against this will mean going against the law.
I think an ideal solution is to allow customers to see how the company manages their data and decide whether they can keep their data or not, but it is probably not possible as of now for that solution to be mainstream.
The wrong way of managing the data can be shown customers while behind the scene, other things are happening. It is safer when you don't release your data at all than trusting someone to manage your data the way you like.
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We are in a centralized world where the government controls everything, and that is why they are against anonymous people and privacy. Anonymous simply means that you keep your identity unknown to people but people can see your actions or what you are doing online, without knowing who is the person. While privacy means keeping your data to yourself but you can reveal it to people that you choose to reveal it to. I love both privacy and anonymity for safety.
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Anonymous simply means that you keep your identity unknown to people but people can see your actions or what you are doing online, without knowing who is the person.
That's what I have said that there needs to be distinct in definition between the two words for we to be well guided in our contributions. What you explained above is valid and with that definition, anyone can be anonymous without crossing the path of the government. For example, with VPN and Tor browser, I can decide to be who I want online. But then, anonymity spans beyond online anonymity. Take Satoshi for instance, he is completely anonymous...
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Before we talk about the balance, it is also important to see what's the standard that we use to judge it. As a customer, I'd love full privacy, so I don't need to register or give any personal info for any kind of services that I use. But it is nearly impossible for a business to do that. On the other hand, a customer can't verify if their data is not abused, since they have no control over how a business manages their data. I think an ideal solution is to allow customers to see how the company manages their data and decide whether they can keep their data or not, but it is probably not possible as of now for that solution to be mainstream.
I guess this is a bit about GDPR in Europe. Where the companies needs to let you know how they manage your data and that you can ask to be deleted from their database (which of course is not possible if its a court, Tax Agency or so on)
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The point is, don't be easily persuaded by people you barely know, and with various very attractive offers that will tempt you to take them. Because this is a digital world where cyber crimes are numerous and easy to commit without a trace. So, I personally prefer to respond to various contacts, calls, or whatever when strangers contact me, whether via email, chat, social media, and so on. Because it would be very risky for us. It's better to hide and never trust anyone in a digital world where we don't know who they really are.
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Isn't that a bit sad? To never trust anyone in the digital world? I agree that it's important to be aware and start suspicious but there are also amazing people out there. For me, the attractive part is that I don't have to be restricted by my looks
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Just know that anything in life that has a used and advantage, there will be some people that will abuse the privilege for another thing. Anonymity is good, even the government hide many things from you and they do it for privacy reasons, you also have that right to hide your things from the rest of the world, this is why Anonymity transactions is good.
However, because of increase in scams and fraud that frequently happened, it is above the government to control it and you know the government, if there is anything they can't control, they eradicate it completely and that's why you see them hunt down anything that has to do with complete anonymous transaction because they find it difficult to trace most especially the privacy coins.
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Most normal people like to hide their identity but scammers try hard to hide their identity to scam people while governments consider everyone who hides their identity in the world of cryptocurrencies to be a scammer.
This made me smile, and you are correct
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We are in a centralized world where the government controls everything, and that is why they are against anonymous people and privacy. Anonymous simply means that you keep your identity unknown to people but people can see your actions or what you are doing online, without knowing who is the person. While privacy means keeping your data to yourself but you can reveal it to people that you choose to reveal it to. I love both privacy and anonymity for safety.
If we truly needs anonymity, then we don't have to depend on government for that, we need to give this freedom we deserve a perfect attention by learning how we could secure such from cryptocurrency, since its a digital p2p network that is decentralized, we can afford to give ourself the freedom which we want if we can learn through the required process, privacy is good for us, but the government may not permit for that, except we go for it by ourself and get it done.
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Governments (of any country) always do everything possible and more, so that citizens have less privacy in our lives. Fear is one of the best weapons to control the population of a country. Governments use fear to make us believe that when a person wants privacy and anonymity it is because they are a criminal, but no, this is not always the case, and in many cases they violate the right to privacy of citizens, as occurs with facial recognition. The right to privacy was written a long time ago, at least the text that would guide current rights.
The Right to Privacy (https://en.wikipedia.org/wiki/The_Right_to_Privacy_(article)).
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Anonymity - good or bad?
For me, it is actually always good and appropriate for this digital business.
Maintaining anonymity in cryptocurrencies is mainly one of the things that makes many people interested in cryptocurrencies, so that they are not subject to certain regulations and also do not have to reveal their identity for one thing or another. For this reason, anonymity is quite important and has an influence on the world of digital cryptocurrency.
However, this anonymity has its downsides, it's easy to get scammed. Additionally, there are legal concerns, especially regarding taxation. Some countries are even reducing anonymity to prevent tax evasion. What do you think is a good balance between maintaining privacy and reducing potential misuse in the crypto space?
Just don't trust anyone.
Don't trust anyone who tries to scam you. And don't easily believe in various sweet promises made by other people towards you, with promises of high proofs, high investment results, assistance, and all things related to requests to send a certain amount of money, assets, personal data, and especially foreign seeds. or access to your wallet. Just don't trust everyone in the digital business, be aware and watch out.
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Just don't trust anyone.
Don't trust anyone who tries to scam you. And don't easily believe in various sweet promises made by other people towards you, with promises of high proofs, high investment results, assistance, and all things related to requests to send a certain amount of money, assets, personal data, and especially foreign seeds. or access to your wallet. Just don't trust everyone in the digital business, be aware and watch out.
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I appreciate it! Take care :)
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I would say that a country that has to crack down on online anonymity in order to collect taxes of all things, has a very backwards judicial system.
Anyways, aliases are fundamentally necessary for a variety of reasons. First of all, once a website has your real data, they can do whatever they want with it. Mine it, sell it to criminals, etc.
Second, you're going to get mailing list spam from these people and they won't always let you unsubscribe.
Third, who says you must use your real name for signing up to stuff?
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~ Some countries are even reducing anonymity to prevent tax evasion.
I am not aware of any country that allows anonymous citizens to settle their taxes. I'm not talking about people who uses dummy companies and/or proxies but paying legally with hidden identity.
What do you think is a good balance between maintaining privacy and reducing potential misuse in the crypto space?
Don't use any centralized services in storing your crypto and converting them to fiat. They always require identification nowadays.
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Don't use any centralized services in storing your crypto and converting them to fiat. They always require identification nowadays.
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What would you use? I have Kraken and they required pictures of my ID and info about my tax residency
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The appearance of sexuality spoils the detailed content of the crypto world, which really has something to learn, read, make something new out of it as inspiration, such as a new project or becoming part of a team. I don't devote my time to such conspicuous things, as I said before, I don't like it. There is less fraud than last year, which is a sign of a good direction.
The appearance of sexuality?
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The appearance of sexuality spoils the detailed content of the crypto world, which really has something to learn, read, make something new out of it as inspiration, such as a new project or becoming part of a team. I don't devote my time to such conspicuous things, as I said before, I don't like it. There is less fraud than last year, which is a sign of a good direction.
I don't know very well what you said about sexuality, I don't understand your post... If you don't speak English well, or you don't know how to write the language, it's not a problem, you can write in the subforum of your language. Please explain what you wanted to say in your post. I hope you don't write meaningless things just to increase your account rank, that wouldn't be good for you...
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I would say that a country that has to crack down on online anonymity in order to collect taxes of all things, has a very backwards judicial system.
Anyways, aliases are fundamentally necessary for a variety of reasons. First of all, once a website has your real data, they can do whatever they want with it. Mine it, sell it to criminals, etc.
Second, you're going to get mailing list spam from these people and they won't always let you unsubscribe.
Third, who says you must use your real name for signing up to stuff?
Well, it becomes necessary to use your real identity for signing up in places where KYC verification is a requirement because you can't use a fake identity in the beginning and then provide your original details when trying to verify yourself because that wouldn't be entertained. However, if it's a platform that doesn't require such things, take this forum as an example, you don't need to use your real identity or name in such places.
You are right that it is not advisable to provide the original information everywhere because untrustworthy people and platforms can misuse the information, so one needs to make sure that even if they are providing their original details, they are doing it only in places that are trustworthy.
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How many of us use aliases in the crypto world? It's fascinating how biases related to sex, age, skin color, or body type seem irrelevant here—it's purely about your ideas and actions. I was on a call the other day, the presenter used a voice changer and there was no video. It felt freeing to engage purely based on the exchange of thoughts.
However, this anonymity has its downsides, it's easy to get scammed. Additionally, there are legal concerns, especially regarding taxation. Some countries are even reducing anonymity to prevent tax evasion. What do you think is a good balance between maintaining privacy and reducing potential misuse in the crypto space?
I will say raising awareness about the scams can be done using the factor of anonymity, crypto is full of anonymity but only a smart person can utilize this feature fully, so if a smart person is trying hard to remain anonymous then its means all the scammers are smart too. So you have to become smart as well. Otherwise, you can't outperform them and can't save yourselves from there tricks.
Knowledge is power, and once you know that these types of scams occur in the crypto space, then you can keep your anonymity and can save yourself from the scams. And talking about governmental factors like tax evasion, I don't know how people are using anonymity to save themselves from tax, but if they can, then government has to implement friendly taxation that people won't find alternatives which are risky too, and proper facilities should be provided to the citizen paying tax. Otherwise they won't agree to pay tax and find alternatives.
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The appearance of sexuality spoils the detailed content of the crypto world, which really has something to learn, read, make something new out of it as inspiration, such as a new project or becoming part of a team. I don't devote my time to such conspicuous things, as I said before, I don't like it. There is less fraud than last year, which is a sign of a good direction.
I don't know very well what you said about sexuality, I don't understand your post... If you don't speak English well, or you don't know how to write the language, it's not a problem, you can write in the subforum of your language. Please explain what you wanted to say in your post. I hope you don't write meaningless things just to increase your account rank, that wouldn't be good for you...
@Freemind, it is nice you noticed such an off topic post. It is totally unconnected and unrelated to the ongoing conversation. There are more of this type of people just spamming their way up the rank. I see that you are a moderator and yet you didn't delete such an off topic reply. Or are you not a moderator of that board. I think the idea of global moderation is needed here.
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@Freemind, it is nice you noticed such an off topic post. It is totally unconnected and unrelated to the ongoing conversation. There are more of this type of people just spamming their way up the rank. I see that you are a moderator and yet you didn't delete such an off topic reply. Or are you not a moderator of that board. I think the idea of global moderation is needed here.
When you (or any other user) come across meaningless posts, please report it so we can take necessary action. I'm a global moderator, I'm just giving @Doovla a chance to explain what happened or a reasonable amount of time to edit his post. If within 24-48 hours of my notice, @Doovla has not modified his post, the user will be sanctioned and the post will be deleted.
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However, this anonymity has its downsides, it's easy to get scammed.
Yes, that's true in the outside world. But if the person is trying scam other members here in this forum they probably got caught and their account get banned. You should really avoid to make a transaction to person without knowing his identity or a person who is not reputable if you found it in this forum or else you will end up losing money.
Additionally, there are legal concerns, especially regarding taxation. Some countries are even reducing anonymity to prevent tax evasion. What do you think is a good balance between maintaining privacy and reducing potential misuse in the crypto space?
Honestly, even though we don't pay tax for every transactions we made through the blockchain, we still pay for taxes when we groceries or other stuff. So I don't see a concrete reason that we are really doing a tax evasion.
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But if the person is trying scam other members here in this forum they probably got caught and their account get banned. You should really avoid to make a transaction to person without knowing his identity or a person who is not reputable if you found it in this forum or else you will end up losing money.
As an alternative, OP can use escrow if he really wants to make a trade without doing any KYC. Use a multi-sig or something similar and privacy is likely a non-issue unless they somehow use a well-known address to send their transactions. It is definitely hard to prevent scammers from making new accounts since you don't need any personal details in a public forum, but anyone can choose whether they will use an escrow or not.
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Okay, I will do that in the future. I thought that maybe I was missing something, and that was why I didn't understand the person's response!
@Freemind, it is nice you noticed such an off topic post. It is totally unconnected and unrelated to the ongoing conversation. There are more of this type of people just spamming their way up the rank. I see that you are a moderator and yet you didn't delete such an off topic reply. Or are you not a moderator of that board. I think the idea of global moderation is needed here.
When you (or any other user) come across meaningless posts, please report it so we can take necessary action. I'm a global moderator, I'm just giving @Doovla a chance to explain what happened or a reasonable amount of time to edit his post. If within 24-48 hours of my notice, @Doovla has not modified his post, the user will be sanctioned and the post will be deleted.
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But if the person is trying scam other members here in this forum they probably got caught and their account get banned. You should really avoid to make a transaction to person without knowing his identity or a person who is not reputable if you found it in this forum or else you will end up losing money.
As an alternative, OP can use escrow if he really wants to make a trade without doing any KYC. Use a multi-sig or something similar and privacy is likely a non-issue unless they somehow use a well-known address to send their transactions. It is definitely hard to prevent scammers from making new accounts since you don't need any personal details in a public forum, but anyone can choose whether they will use an escrow or not.
Yeah, escrow can give assurance to the both party in P2P. As per my knowledge, escrow is not free. You have to pay the person that stands for escrow and the fee depends on how reputable that person is. That's why sometimes if you really trust the other party they prefer not to have an escrow to avoid additional expenses. So it's still up to them.
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Anonymity is actually quite good in one area and not so good in other areas that involve reputation and trust in the real world. But in cyberspace I prefer anonymity. Because it makes us feel more free. Likewise with crypto. But I'm also okay with not being anonymous. As long as I can also maintain my privacy well. And no one disturbs my privacy. But often prohibiting anonymity sometimes ends up limiting privacy or disrupting our privacy. And actually I also understand why the government likes everything to be more open and less anonymous. And it's all about security. But yeah, sometimes it really disturbs our comfort in something.
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But if the person is trying scam other members here in this forum they probably got caught and their account get banned. You should really avoid to make a transaction to person without knowing his identity or a person who is not reputable if you found it in this forum or else you will end up losing money.
As an alternative, OP can use escrow if he really wants to make a trade without doing any KYC. Use a multi-sig or something similar and privacy is likely a non-issue unless they somehow use a well-known address to send their transactions. It is definitely hard to prevent scammers from making new accounts since you don't need any personal details in a public forum, but anyone can choose whether they will use an escrow or not.
Yeah, escrow can give assurance to the both party in P2P. As per my knowledge, escrow is not free. You have to pay the person that stands for escrow and the fee depends on how reputable that person is. That's why sometimes if you really trust the other party they prefer not to have an escrow to avoid additional expenses. So it's still up to them.
Escrow is good when both parties don't trust each other, and it is better to pay the fee than lose all your funds. It is expensive, and it still depends on the amount involved in the transaction. I agree with you that as long as there is trust, there is no need for escrow service.
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How many of us use aliases in the crypto world? It's fascinating how biases related to sex, age, skin color, or body type seem irrelevant here—it's purely about your ideas and actions. I was on a call the other day, the presenter used a voice changer and there was no video. It felt freeing to engage purely based on the exchange of thoughts.
how did you know that the caller uses the voice changer? anyway anonymity is always good because for this we are not prone to any abuse or attack but on the other hand this is also being used sometimes in the same manner.
However, this anonymity has its downsides, it's easy to get scammed. Additionally, there are legal concerns, especially regarding taxation. Some countries are even reducing anonymity to prevent tax evasion. What do you think is a good balance between maintaining privacy and reducing potential misuse in the crypto space?
government has the rights to do everything they think that needs for their country to stand strong .
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Well I think tax evasion in cryptocurrency works only thorugh p2p but when we are using local exchange or wallets that provides conversion to local currency it's already included the tax I think. Unless we declare our crypto income we are subject to withholding taxes but if it's through p2p it's unlikely to happen. Though I only trust those high reputable people in exchanges especially those who have the best feedbacks so the possibility of being scammed is quite low.
Regarding anonymity, since we all know that it is what it is here in crypto space then we should have to differentiate scams from legit. Just like believing in anonymous team from a project we wanted to invest in I think we should do something.
Sometimes anonymity has positive and an advantage for especially here on the internet some people prefer to be anonymous and some just don't care but me persnally I like being anonymous.
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Okay, I will do that in the future. I thought that maybe I was missing something, and that was why I didn't understand the person's response!
No, you weren't missing anything, don't worry.
@Doovla did not modify his post after almost 48 hours, nor did he explain if it had been a mistake. After 5 warnings, the user receives the first strike. The post that didn't make sense in this thread has also been deleted.
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The issue of privacy and anonymity is a bit complicated. People always want to maintain their privacy and try to hide their identity, especially in the digital world, but in reality the issue has many dimensions.
Most normal people like to hide their identity but scammers try hard to hide their identity to scam people while governments consider everyone who hides their identity in the world of cryptocurrencies to be a scammer.
The problem facing all those who hide their identity is that if you are defrauded, you will not be able to recover your money because you have hidden the necessary data to prove that you own the stolen assets.
In fact, finding the balance between these things is very difficult, so you are either giving up some of your privacy or giving up some of your money if you are exposed to fraud.
And I think that the majority don’t really want to maintain confidentiality. You just have to go to profiles on any social network, you can find everything there. I’m already silent about the same Google account. Confidentiality is more of a concern for public people, or those who are a little friendly. About anonymity This is generally some kind of fake, it is impossible to save it in the current conditions, you have already been verified 100,500 times, you are just flattering yourself with the hope that this is not so.
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That depends on what and where we are talking about. I mean I have already talked about this but I gave my KYC to many places without worrying about it at all but I have also declined to keep denying giving my KYC to many people as well. Think about it this way if I gave my KYC then I trusted that place which is why I believe that it wasn't an issue and I didn't care about staying anonymous, but if I declined then I didn't trust that place and I would not give anything to that place at all, its just natural instinct at that point.
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And I think that the majority don’t really want to maintain confidentiality. You just have to go to profiles on any social network, you can find everything there. I’m already silent about the same Google account. Confidentiality is more of a concern for public people, or those who are a little friendly. About anonymity This is generally some kind of fake, it is impossible to save it in the current conditions, you have already been verified 100,500 times, you are just flattering yourself with the hope that this is not so.
Yes, this is somewhat true. There is no 100% privacy. All the sites you browse on the Internet have information about you. Social media, Google accounts, and even decentralized services obtain your IP address and some other private information.
Even in the crypto world, centralized and decentralized third-party services are turning to force users to complete KYC and people are forced to use these services, so they are eventually forced to give up their privacy or anonymity.
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Privacy and anonymity are two different things that most of the time we get confused with one another.
I will start by saying that this is totally correct. There is a massive difference here between this two word. Of course, we all value our privacy both online and offline, but so many of us has opt to the idea of anonymity due to external interference in what concerns us. This external interference has all your personal details, which sadly are sometimes obtain from a trusted and reputable company.
If we are to relate this to Bitcoin, we discover that this same external force have also cultivated ways to tracing and tracking people down through transaction whether illegal or legal.
Well, I think Anonymity isn't bad as it seems, but we have to understand that all this started from a group of people who feel the power to obtain people's information and Intrude their privacy is not a huge problem.
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I don't think in cryptocurrency have more privacy again after get agreement for submitting document ID and verifying KYC at all exchange platform indirectly we have publish our data to public. I think the privacy depend on our self how some one know us with cryptocurrency holder after showing them profitable earn from crypto every day at social media account.
Actually I don't care with my data was submit to many exchange market account but I keep privacy my self without show of on social media account about my achieving in cryptocurrency how to protect my self with criminal cases.
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I don't think in cryptocurrency have more privacy again after get agreement for submitting document ID and verifying KYC at all exchange platform indirectly we have publish our data to public.
Surely if you have done kyc in any centralized exchange, you have lost your privacy and it is going to be hard to get it back. However, you must not use custodial services, you can trade in p2p platforms, and you do not need to register or submit any kyc details when you use them.
I think the privacy depend on our self how some one know us with cryptocurrency holder after showing them profitable earn from crypto every day at social media account.
It is part of it, bragging about your crypto holdings is dangerous and can expose you to a $5 wrench attack. However, completing kyc is also dangerous as the service can lose the data through a hack and it could be sold in the black market.
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What do you think is a good balance between maintaining privacy and reducing potential misuse in the crypto space?
Anonymity has its good and bad side , but due to its bad side, the government have been reluctant accepting bitcoins and other cryptocurrency.
There will need to be regulations in some manner before the government will accept it because the anonymity of cryptos like bitcoins will always remain an upset for them to accept. Due to the governments refusal accepting bitcoins and some other crypto due to anonymity, it has affected its adoption.
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Anonymity has its good and bad side , but due to its bad side, the government have been reluctant accepting bitcoins and other cryptocurrency.
BTC tx's are not anonymous, but pseudonymous, and the only way to achieve anonymity is through mixers or CoinJoin. BTC is legal in so many countries, and a lot of others are indifferent about it, but BTC is decentralized, so the government will see no need for it, but they simply want to regulate it for their citizens and stop them from using privacy solutions to achieve anonymity, that is why they are after privacy solutions.
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Anonymity has its good and bad side , but due to its bad side, the government have been reluctant accepting bitcoins and other cryptocurrency.
BTC tx's are not anonymous, but pseudonymous, and the only way to achieve anonymity is through mixers or CoinJoin. BTC is legal in so many countries, and a lot of others are indifferent about it, but BTC is decentralized, so the government will see no need for it, but they simply want to regulate it for their citizens and stop them from using privacy solutions to achieve anonymity, that is why they are after privacy solutions.
and so this also the reason why they are trying to KYC those wallets and almost turn self custody as a crime. there are already bills supposedly being passed by law makers about this. but i'm not sure if its going to be approved. but governments these days are crazy, it wouldn't be surprising to see them approved.
and then they also want to tax i think 25% for unrealized gains from property investors. to which afaik, BTC is considered a property asset in US.
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Anonymity has its good and bad side , but due to its bad side, the government have been reluctant accepting bitcoins and other cryptocurrency.
BTC tx's are not anonymous, but pseudonymous, and the only way to achieve anonymity is through mixers or CoinJoin. BTC is legal in so many countries, and a lot of others are indifferent about it, but BTC is decentralized, so the government will see no need for it, but they simply want to regulate it for their citizens and stop them from using privacy solutions to achieve anonymity, that is why they are after privacy solutions.
and so this also the reason why they are trying to KYC those wallets and almost turn self custody as a crime. there are already bills supposedly being passed by law makers about this. but i'm not sure if its going to be approved. but governments these days are crazy, it wouldn't be surprising to see them approved.
and then they also want to tax i think 25% for unrealized gains from property investors. to which afaik, BTC is considered a property asset in US.
Here in our country, especially in the coming times, it looks like crypto enthusiasts will be taxed here, I just hope the percentage that will be deducted from our crypto earnings is not high.
There is nothing we can do because we are also ordinary law abiding citizens in that regard, although for now anonymous but once the platform we entered is regulated we have no choice but to give or pass Kyc and that's it.
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However, this anonymity has its downsides, it's easy to get scammed. Additionally, there are legal concerns, especially regarding taxation. Some countries are even reducing anonymity to prevent tax evasion. What do you think is a good balance between maintaining privacy and reducing potential misuse in the crypto space?
If we are to talk about the physical world where we all live, I would not see anonymity as such a good thing because just like you said, people can easily get scammed, a person can easily impersonate another person, commit a crime and disappear, and the person who was impersonated will be arrested, prosecuted for a crime he or she knows nothing about, this and many more are the disadvantages of anonymity in the physical world, and I would say that they are too enormous, that is, the disadvantage outweighs the advantage, so, anonymity in the physical world is not advised.
But coming back to online and to crypto in particular, anonymity is a very good thing, keeping your true identity a secret helps prevent other online users from using your personal details for illegal activities, I've seen some persons download other people profile pics from platforms like Facebook, x, and use the Pic as their own profile Pic in their account, using that same account to scam other online users.
So, keeping your identity hidden online is a good thing I personally would encourage, and about scam, it's our individual responsibility to ensure our online safety, trust no one and trust no offer, no matter how good it appears to be.
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How many of us use aliases in the crypto world? It's fascinating how biases related to sex, age, skin color, or body type seem irrelevant here—it's purely about your ideas and actions. I was on a call the other day, the presenter used a voice changer and there was no video. It felt freeing to engage purely based on the exchange of thoughts.
However, this anonymity has its downsides, it's easy to get scammed. Additionally, there are legal concerns, especially regarding taxation. Some countries are even reducing anonymity to prevent tax evasion. What do you think is a good balance between maintaining privacy and reducing potential misuse in the crypto space?
Just as you rightly exposed, anonymity does have its pros and cons. I personally like to stay anonymous myself, and I'm grateful for the web3 space for providing that option. However, I believe that especially creators or entrepreneurs in the crypto space, its important to be doxxed if you plan to build a great relationship with users. I've seen firsthand how a CEO being known publicly can boost a crypto company's reputation and the adverse effect of staying anonymous
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Anonymity is good for the general people even though there is a risk of misuse, but it is bad for the governments. Generally, governments all over the world want to tax everything. They don't want anything is hidden from them because they get a good amount of tax from its peoples resources.
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Anonymity is good for the general people even though there is a risk of misuse, but it is bad for the governments. Generally, governments all over the world want to tax everything. They don't want anything is hidden from them because they get a good amount of tax from its peoples resources.
There is nothing in this life that can't be misused. Do uou remember how Covid 19 spread, it was through the breathing from one person to another as airborne biochemical virus, somebody tries to over played oxygen that human being take in and take out to wipe out the number of people on earth, more like what Thanos was trying to to in Avengers end game.
The government don't just want people to go anonymous because they feel they don't have supremacy over their people when they does that because it does not stop people from paying their tax, msot often people that own bitcoin pay their taxes unless for few people who don't want to pay.
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The anonymity is the best in the crypto community but to some extent we are still identifying some members through the identification of the country base their accent and locale the person comes from. Recently my country government asked Binance to release the uses of the exchange in the country to them but Binance refused. And if the government had an assessed and access the users database then many people that are in the cryptocurrency ecosystem Bank accounts would been blocked, banned and stopped from operating. But the anonymity helps us.
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Anonymity is good for the general people even though there is a risk of misuse, but it is bad for the governments. Generally, governments all over the world want to tax everything. They don't want anything is hidden from them because they get a good amount of tax from its peoples resources.
Exactly, the government sees cryptocurrency as a good place to make quite a large profit, therefore currently many governments in several countries are trying to regulate the circulation of cryptocurrency, especially bitcoin. They try to regulate the circulation of cryptocurrency by imposing quite large taxes on those who have cryptocurrency assets.
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I don't think in cryptocurrency have more privacy again after get agreement for submitting document ID and verifying KYC at all exchange platform indirectly we have publish our data to public. I think the privacy depend on our self how some one know us with cryptocurrency holder after showing them profitable earn from crypto every day at social media account.
Actually I don't care with my data was submit to many exchange market account but I keep privacy my self without show of on social media account about my achieving in cryptocurrency how to protect my self with criminal cases.
- We know that once we submit KYC on any platform in exchange, the anonymity is really gone because privacy is already held by the platform we send KYC to.
But for me, there is no problem if we give kyc because if there is a good reputation, then I think it is fine, like Okx, Binance, Coinbase, and others. But if you're worried about an exchange, simply don't submit KYC, because it's our choice whether we like it or not.
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The anonymity is the best in the crypto community but to some extent we are still identifying some members through the identification of the country base their accent and locale the person comes from. Recently my country government asked Binance to release the uses of the exchange in the country to them but Binance refused. And if the government had an assessed and access the users database then many people that are in the cryptocurrency ecosystem Bank accounts would been blocked, banned and stopped from operating. But the anonymity helps us.
The same is the situation in our country, the government doesn't consider Binance or other trading apps or platforms legal, they say they are illegal and anything you do regarding cryptocurrencies is illegal even though there is no clear law about it so far. The banking sector is extremely against cryptocurrencies, you can't make transactions or use an account for cryptocurrency trading purposes.
If you have a bank account and you are suspected by the bank for being involved in cryptocurrencies, they will block your account and freeze your funds immediately, and when you ask them the reason, they will say you need to provide proof of funds to get your account released and funds unfrozen.
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The anonymity is the best in the crypto community but to some extent we are still identifying some members through the identification of the country base their accent and locale the person comes from. Recently my country government asked Binance to release the uses of the exchange in the country to them but Binance refused. And if the government had an assessed and access the users database then many people that are in the cryptocurrency ecosystem Bank accounts would been blocked, banned and stopped from operating. But the anonymity helps us.
The same is the situation in our country, the government doesn't consider Binance or other trading apps or platforms legal, they say they are illegal and anything you do regarding cryptocurrencies is illegal even though there is no clear law about it so far. The banking sector is extremely against cryptocurrencies, you can't make transactions or use an account for cryptocurrency trading purposes.
If you have a bank account and you are suspected by the bank for being involved in cryptocurrencies, they will block your account and freeze your funds immediately, and when you ask them the reason, they will say you need to provide proof of funds to get your account released and funds unfrozen.
Wow that seems crazy. Can I ask which country that is?
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If you want to keep secret about something and if you keep it secret then it is definitely good for you. I think that in all cases one should keep to one's privacy because when one can keep one's privacy then people will not talk about me so much or people will not care about me so much. When the other person will know about my affairs and if we ever have a bad relationship with him, he will try to harm me in that regard. So whatever work we do if we can do it alone then we should protect the confidentiality of that work.
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If you want to keep secret about something and if you keep it secret then it is definitely good for you. I think that in all cases one should keep to one's privacy because when one can keep one's privacy then people will not talk about me so much or people will not care about me so much. When the other person will know about my affairs and if we ever have a bad relationship with him, he will try to harm me in that regard. So whatever work we do if we can do it alone then we should protect the confidentiality of that work.
You're absolutely right.
The less exposure you get and the less people know about you or your business, the better for you, especially when it comes to crypto currency, the crypto space is filled with lots of risks and challenges, risks from scammers and hacker, and challenges from the government.
We're all fully aware that the government has always been against the idea of crypto so since they're not able to entirely eradicate crypto, they sort for means to extort crypto holders, so in times like this, the best thing is to stay anonymous and hidden from these dangers and challenges.
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If you want to keep secret about something and if you keep it secret then it is definitely good for you. I think that in all cases one should keep to one's privacy because when one can keep one's privacy then people will not talk about me so much or people will not care about me so much. When the other person will know about my affairs and if we ever have a bad relationship with him, he will try to harm me in that regard. So whatever work we do if we can do it alone then we should protect the confidentiality of that work.
You're absolutely right.
The less exposure you get and the less people know about you or your business, the better for you, especially when it comes to crypto currency, the crypto space is filled with lots of risks and challenges, risks from scammers and hacker, and challenges from the government.
We're all fully aware that the government has always been against the idea of crypto so since they're not able to entirely eradicate crypto, they sort for means to extort crypto holders, so in times like this, the best thing is to stay anonymous and hidden from these dangers and challenges.
I will always be a fan of Anonymity, of privacy and governments do not like that we have that right, because they want to have control of absolutely everything, where they cannot have control with our cryptocurrencies and the only way is to put them. in your hands. our data through the platforms, I think that is a danger because they can play tricks on us, I think that we have to manage everything from the most distant point of view of things that are very difficult and that put us in danger, so To Avoid these things, and the fact that data enters the web with records of how much money is on the platforms, it is good not to participate in this KYC.
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If you want to keep secret about something and if you keep it secret then it is definitely good for you. I think that in all cases one should keep to one's privacy because when one can keep one's privacy then people will not talk about me so much or people will not care about me so much. When the other person will know about my affairs and if we ever have a bad relationship with him, he will try to harm me in that regard. So whatever work we do if we can do it alone then we should protect the confidentiality of that work.
You're absolutely right.
The less exposure you get and the less people know about you or your business, the better for you, especially when it comes to crypto currency, the crypto space is filled with lots of risks and challenges, risks from scammers and hacker, and challenges from the government.
We're all fully aware that the government has always been against the idea of crypto so since they're not able to entirely eradicate crypto, they sort for means to extort crypto holders, so in times like this, the best thing is to stay anonymous and hidden from these dangers and challenges.
I will always be a fan of Anonymity, of privacy and governments do not like that we have that right, because they want to have control of absolutely everything, where they cannot have control with our cryptocurrencies and the only way is to put them. in your hands. our data through the platforms, I think that is a danger because they can play tricks on us, I think that we have to manage everything from the most distant point of view of things that are very difficult and that put us in danger, so To Avoid these things, and the fact that data enters the web with records of how much money is on the platforms, it is good not to participate in this KYC.
All you've said is correct.
Cryptocurrency has indeed removed the power to make all the financial decisions from the government and has transferred that power to the individuals, now individuals can decide on what happens to their money, without being questioned or interference from other central authorities.
This has indeed been the problem of the government with crypto investors, they often say damn these people are just making so much money in our country and we don't even get to decide on how they spend it or get any share from that money, and this is exactly the reasom why the government are juat so interested in fishing out crypto investors all look for ways to extort and also swindle from them.
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How many of us use aliases in the crypto world? It's fascinating how biases related to sex, age, skin color, or body type seem irrelevant here—it's purely about your ideas and actions. I was on a call the other day, the presenter used a voice changer and there was no video. It felt freeing to engage purely based on the exchange of thoughts.
However, this anonymity has its downsides, it's easy to get scammed. Additionally, there are legal concerns, especially regarding taxation. Some countries are even reducing anonymity to prevent tax evasion. What do you think is a good balance between maintaining privacy and reducing potential misuse in the crypto space?
In the real world, I think that anonymity cannot be used properly, but in the crypto world, which is actually the virtual world, the digital world, I think this is not a problem.
Regarding fraud and violations of the law, starting from ourselves we must be aware that the crypto world is indeed vulnerable to these things.
So we have to be extra careful, because if we lose here we won't be able to complain to anyone and recover our lost assets.
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How many of us use aliases in the crypto world? It's fascinating how biases related to sex, age, skin color, or body type seem irrelevant here—it's purely about your ideas and actions. I was on a call the other day, the presenter used a voice changer and there was no video. It felt freeing to engage purely based on the exchange of thoughts.
However, this anonymity has its downsides, it's easy to get scammed. Additionally, there are legal concerns, especially regarding taxation. Some countries are even reducing anonymity to prevent tax evasion. What do you think is a good balance between maintaining privacy and reducing potential misuse in the crypto space?
In the real world, I think that anonymity cannot be used properly, but in the crypto world, which is actually the virtual world, the digital world, I think this is not a problem.
Regarding fraud and violations of the law, starting from ourselves we must be aware that the crypto world is indeed vulnerable to these things.
So we have to be extra careful, because if we lose here we won't be able to complain to anyone and recover our lost assets.
Yes, there are always trade-offs.
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How many of us use aliases in the crypto world? It's fascinating how biases related to sex, age, skin color, or body type seem irrelevant here—it's purely about your ideas and actions. I was on a call the other day, the presenter used a voice changer and there was no video. It felt freeing to engage purely based on the exchange of thoughts.
However, this anonymity has its downsides, it's easy to get scammed. Additionally, there are legal concerns, especially regarding taxation. Some countries are even reducing anonymity to prevent tax evasion. What do you think is a good balance between maintaining privacy and reducing potential misuse in the crypto space?
In the real world, I think that anonymity cannot be used properly, but in the crypto world, which is actually the virtual world, the digital world, I think this is not a problem.
Regarding fraud and violations of the law, starting from ourselves we must be aware that the crypto world is indeed vulnerable to these things.
So we have to be extra careful, because if we lose here we won't be able to complain to anyone and recover our lost assets.
Being anonymous has some pros and cons. However, the rise of the crypto world is primarily due to anonymity, but recent human misconduct has made governments concerned about anonymity. As a financial libertarian, I would certainly support anonymity in the crypto space, but anonymity has become very difficult these days. Various crypto platforms are hindering their anonymity by implementing KYC. Anonymity is certainly good for an honest person but anonymity for those who want to abuse means that they increase the limits of their crime.
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How many of us use aliases in the crypto world? It's fascinating how biases related to sex, age, skin color, or body type seem irrelevant here—it's purely about your ideas and actions. I was on a call the other day, the presenter used a voice changer and there was no video. It felt freeing to engage purely based on the exchange of thoughts.
However, this anonymity has its downsides, it's easy to get scammed. Additionally, there are legal concerns, especially regarding taxation. Some countries are even reducing anonymity to prevent tax evasion. What do you think is a good balance between maintaining privacy and reducing potential misuse in the crypto space?
In the real world, I think that anonymity cannot be used properly, but in the crypto world, which is actually the virtual world, the digital world, I think this is not a problem.
Regarding fraud and violations of the law, starting from ourselves we must be aware that the crypto world is indeed vulnerable to these things.
So we have to be extra careful, because if we lose here we won't be able to complain to anyone and recover our lost assets.
Being anonymous has some pros and cons. However, the rise of the crypto world is primarily due to anonymity, but recent human misconduct has made governments concerned about anonymity. As a financial libertarian, I would certainly support anonymity in the crypto space, but anonymity has become very difficult these days. Various crypto platforms are hindering their anonymity by implementing KYC. Anonymity is certainly good for an honest person but anonymity for those who want to abuse means that they increase the limits of their crime.
Of course. It's much easier to commit crime as well against people who are anonymous, it takes away a barrier that I think many people have. Just as many can write very bad comments online but would never say those comments to a person directly..
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How many of us use aliases in the crypto world? It's fascinating how biases related to sex, age, skin color, or body type seem irrelevant here—it's purely about your ideas and actions. I was on a call the other day, the presenter used a voice changer and there was no video. It felt freeing to engage purely based on the exchange of thoughts.
However, this anonymity has its downsides, it's easy to get scammed. Additionally, there are legal concerns, especially regarding taxation. Some countries are even reducing anonymity to prevent tax evasion. What do you think is a good balance between maintaining privacy and reducing potential misuse in the crypto space?
In the real world, I think that anonymity cannot be used properly, but in the crypto world, which is actually the virtual world, the digital world, I think this is not a problem.
Regarding fraud and violations of the law, starting from ourselves we must be aware that the crypto world is indeed vulnerable to these things.
So we have to be extra careful, because if we lose here we won't be able to complain to anyone and recover our lost assets.
Being anonymous has some pros and cons. However, the rise of the crypto world is primarily due to anonymity, but recent human misconduct has made governments concerned about anonymity. As a financial libertarian, I would certainly support anonymity in the crypto space, but anonymity has become very difficult these days. Various crypto platforms are hindering their anonymity by implementing KYC. Anonymity is certainly good for an honest person but anonymity for those who want to abuse means that they increase the limits of their crime.
Being anonymous may indeed have pros and cons, the main purpose of creating bitcoin is not to make transactions anonymous because we know that all transactions are neatly recorded in the blockchain big data. So that when we want to make a transaction to purchase an item, we can see the owner's wallet address and even the nominal amount of bitcoin they have. For me personally, being anonymous is a good thing because it won't interfere with our privacy in the real world.
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The anonymity is the best in the crypto community but to some extent we are still identifying some members through the identification of the country base their accent and locale the person comes from. Recently my country government asked Binance to release the uses of the exchange in the country to them but Binance refused. And if the government had an assessed and access the users database then many people that are in the cryptocurrency ecosystem Bank accounts would been blocked, banned and stopped from operating. But the anonymity helps us.
The same is the situation in our country, the government doesn't consider Binance or other trading apps or platforms legal, they say they are illegal and anything you do regarding cryptocurrencies is illegal even though there is no clear law about it so far. The banking sector is extremely against cryptocurrencies, you can't make transactions or use an account for cryptocurrency trading purposes.
If you have a bank account and you are suspected by the bank for being involved in cryptocurrencies, they will block your account and freeze your funds immediately, and when you ask them the reason, they will say you need to provide proof of funds to get your account released and funds unfrozen.
- Many countries still consider Binance to be an illegal platform. But if you look at the Binance management, they are willing to comply to be able to operate legally in a country or government that they will enter for the communities they have.
Apart from this, the only sad thing is that the bank will suddenly block their users just because it is suspected that they have no proof. It's like if you go through the legal council in court, they make accusations, and then they want the person they accused to prove that they're right. Isn't that stupid? Because in court, that is not possible; instead, you should be the accuser who proves that what you think of someone is correct, because if you don't have evidence, you will come out as a liar. That's just their system, or, in short, "f*ck management and system they have."
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- Many countries still consider Binance to be an illegal platform. But if you look at the Binance management, they are willing to comply to be able to operate legally in a country or government that they will enter for the communities they have.
It is not only Binance complying with government policy Binance itself has a lot work to do and Binance allow it vendors to operate freely with monitoring them. And because of that Binance vendors set a price that far above the normal exchange rate of the country and that is the major cause of everything Binance with any government. And that is the currency manipulation the government is talking about. Binance vendors manipulate the economy of the country by inflating the price above the normal price the government set. Therefore for Binance to do well in any country, the management have to always check the vendors prices that tagged on the platform for sellers and buyer to trade. And also pay their tax then everything will go well with them. Let them follow the national economic policies and not to manipulate the economy in the country.
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If you want to keep secret about something and if you keep it secret then it is definitely good for you. I think that in all cases one should keep to one's privacy because when one can keep one's privacy then people will not talk about me so much or people will not care about me so much. When the other person will know about my affairs and if we ever have a bad relationship with him, he will try to harm me in that regard. So whatever work we do if we can do it alone then we should protect the confidentiality of that work.
By law, there is right to freedom and there is right to privacy and the government recognizes this very well but they will want to hide under power to deny people their right. This is why when you see some of this agency trying so hard to crackdown a particular protocol that offers privacy, they don't win in court unless when there is too much room from fraud that is obvious and nothing was done about it. We have that right to protect the world from seeing what we don't want them to see and it's not debatable.
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The anonymity is the best in the crypto community but to some extent we are still identifying some members through the identification of the country base their accent and locale the person comes from. Recently my country government asked Binance to release the uses of the exchange in the country to them but Binance refused. And if the government had an assessed and access the users database then many people that are in the cryptocurrency ecosystem Bank accounts would been blocked, banned and stopped from operating. But the anonymity helps us.
The same is the situation in our country, the government doesn't consider Binance or other trading apps or platforms legal, they say they are illegal and anything you do regarding cryptocurrencies is illegal even though there is no clear law about it so far. The banking sector is extremely against cryptocurrencies, you can't make transactions or use an account for cryptocurrency trading purposes.
If you have a bank account and you are suspected by the bank for being involved in cryptocurrencies, they will block your account and freeze your funds immediately, and when you ask them the reason, they will say you need to provide proof of funds to get your account released and funds unfrozen.
I am happy that cryptocurrency gives a high level of privacy and anonymity, if not the government would have fund a means to punish those citizens that are violating the law of the government that say citizens should not use cryptocurrency. It is because of they will not be able to trace users easily if you are using p2p for trading, exchanges too understand that the government is against their business and they have also remain silent and trade without the government knowing their activities. If it wasn't for privacy that cryptocurrency gives to us, many of us might have been put behind bars. If you are scared of being scammed because the do not know who you are dealing with, then be very careful. Bitcoin benefits is better than the opposite side.
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I am happy that cryptocurrency gives a high level of privacy and anonymity, if not the government would have fund a means to punish those citizens that are violating the law of the government that say citizens should not use cryptocurrency. It is because of they will not be able to trace users easily if you are using p2p for trading, exchanges too understand that the government is against their business and they have also remain silent and trade without the government knowing their activities. If it wasn't for privacy that cryptocurrency gives to us, many of us might have been put behind bars. If you are scared of being scammed because the do not know who you are dealing with, then be very careful. Bitcoin benefits is better than the opposite side.
If you look well government is fighting seriously to remove privacy from cryptocurrency and that is why they are fighting to ban all the mixers and also fighting to control Centralized Exchanges. Recently I saw a pop up news from Google app and it says that, LocalMonero which was used to buy and sell platform might shutdown it operation and more will follow because of the government pressure on them. Some countries government is asking of the Centralized Exchanges to produce the users details to them and once that is provided then the participants of cryptocurrency will be affected.
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How many of us use aliases in the crypto world? It's fascinating how biases related to sex, age, skin color, or body type seem irrelevant here—it's purely about your ideas and actions. I was on a call the other day, the presenter used a voice changer and there was no video. It felt freeing to engage purely based on the exchange of thoughts.
However, this anonymity has its downsides, it's easy to get scammed. Additionally, there are legal concerns, especially regarding taxation. Some countries are even reducing anonymity to prevent tax evasion. What do you think is a good balance between maintaining privacy and reducing potential misuse in the crypto space?
In fact, crypto anonymity is important here to protect privacy. If I say from my side I will say cryptocurrency is totally illegal in my country now if I have to use cryptocurrency from my country then I must keep secret. If I don't protect privacy, it will cause problems for me. This is how many maintain their privacy by not revealing their names. But if someone feels that no secret should be kept then that is his personal matter. For my part, I will continue to keep the secret because by keeping the secret, I will definitely be able to go safely on my way without any problems.
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Being anonymous has some pros and cons. However, the rise of the crypto world is primarily due to anonymity, but recent human misconduct has made governments concerned about anonymity. As a financial libertarian, I would certainly support anonymity in the crypto space, but anonymity has become very difficult these days. Various crypto platforms are hindering their anonymity by implementing KYC. Anonymity is certainly good for an honest person but anonymity for those who want to abuse means that they increase the limits of their crime.
Indeed, there are some things that we cannot apply anonymous to this cryptocurrency, for example if we enter a crypto exchange platform. Like it or not, we have to do KYC to identify ourselves, especially CEX exchanges.
But for me it doesn't matter, in fact it will feel safer when storing quite a lot of assets on the exchange. For me, the most important thing is, we have to be honest in this cryptocurrency industry, so that we don't feel worried.
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The anonymity is the best in the crypto community but to some extent we are still identifying some members through the identification of the country base their accent and locale the person comes from. Recently my country government asked Binance to release the uses of the exchange in the country to them but Binance refused. And if the government had an assessed and access the users database then many people that are in the cryptocurrency ecosystem Bank accounts would been blocked, banned and stopped from operating. But the anonymity helps us.
The same is the situation in our country, the government doesn't consider Binance or other trading apps or platforms legal, they say they are illegal and anything you do regarding cryptocurrencies is illegal even though there is no clear law about it so far. The banking sector is extremely against cryptocurrencies, you can't make transactions or use an account for cryptocurrency trading purposes.
If you have a bank account and you are suspected by the bank for being involved in cryptocurrencies, they will block your account and freeze your funds immediately, and when you ask them the reason, they will say you need to provide proof of funds to get your account released and funds unfrozen.
- Many countries still consider Binance to be an illegal platform. But if you look at the Binance management, they are willing to comply to be able to operate legally in a country or government that they will enter for the communities they have.
Apart from this, the only sad thing is that the bank will suddenly block their users just because it is suspected that they have no proof. It's like if you go through the legal council in court, they make accusations, and then they want the person they accused to prove that they're right. Isn't that stupid? Because in court, that is not possible; instead, you should be the accuser who proves that what you think of someone is correct, because if you don't have evidence, you will come out as a liar. That's just their system, or, in short, "f*ck management and system they have."
Oh I had an issue with my bank that I wanted to stop paying for a specific credit card. However for me to do that I had to answer questions on where I am, how much I earn, if I do international transfers and so on. I was forced to comply, otherwise they would keep on charging me. Is that really how we do business in 2024?
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Oh I had an issue with my bank that I wanted to stop paying for a specific credit card. However for me to do that I had to answer questions on where I am, how much I earn, if I do international transfers and so on. I was forced to comply, otherwise they would keep on charging me. Is that really how we do business in 2024?
Wow! This is strange. Normally there are some bank apps that ask questions when you need credit or debit cards but not to the extent of "how much I earn" and if I do international transactions" . I have only seen, your phone number, email, full name and possibly you mother Maiden name and some simple questions then they process the card for you. Probably the questions are different from different countries. In the decentralized system, only your email and password which can be used to login is okay. And not all those KYC. KYC system is even the worst in the world. Scamming and other fraudulent activities are more in the KYC system.
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In fact, crypto anonymity is important here to protect privacy. If I say from my side I will say cryptocurrency is totally illegal in my country now if I have to use cryptocurrency from my country then I must keep secret. If I don't protect privacy, it will cause problems for me. This is how many maintain their privacy by not revealing their names. But if someone feels that no secret should be kept then that is his personal matter. For my part, I will continue to keep the secret because by keeping the secret, I will definitely be able to go safely on my way without any problems.
The problem is not your name, the problem is the IP. The IP (as I imagine you already know) is the first piece of evidence, so it is the one that should be protected the most. I don't use VPNs nor do I recommend them to friends when we talk about these things, in this case Tor is better. The anonymity that Tor offers compared to any VPN is much greater, but not 100% secure or perfect. What almost all VPN companies say is “no logs” and it is not true. What people need to know is that no one in charge of a company that offers VPN is going to jail for $5 a month, which is about the monthly price of the service. Tor is highly configurable, with a large community, and open source, unlike the software used by VPN companies.
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If you look well government is fighting seriously to remove privacy from cryptocurrency and that is why they are fighting to ban all the mixers and also fighting to control Centralized Exchanges. Recently I saw a pop up news from Google app and it says that, LocalMonero which was used to buy and sell platform might shutdown it operation and more will follow because of the government pressure on them. Some countries government is asking of the Centralized Exchanges to produce the users details to them and once that is provided then the participants of cryptocurrency will be affected.
If the only thing that is stopping the government from bringing down bitcoin or cryptocurrency at large is decentralization, anonymity and privacy.
We all know that the government is strongly against crypto because the presence of crypto poses some kind of threat to them because they're no more in total control of the economic financial system, so it's either they gain back control or attempt to destroy it, and since it has proven rather impossible to gain back control, the option left would be to try to get rid of it and the only way they can actually do that would be to compromise its privacy and anonymity.
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Oh I had an issue with my bank that I wanted to stop paying for a specific credit card. However for me to do that I had to answer questions on where I am, how much I earn, if I do international transfers and so on. I was forced to comply, otherwise they would keep on charging me. Is that really how we do business in 2024?
Wow! This is strange. Normally there are some bank apps that ask questions when you need credit or debit cards but not to the extent of "how much I earn" and if I do international transactions" . I have only seen, your phone number, email, full name and possibly you mother Maiden name and some simple questions then they process the card for you. Probably the questions are different from different countries. In the decentralized system, only your email and password which can be used to login is okay. And not all those KYC. KYC system is even the worst in the world. Scamming and other fraudulent activities are more in the KYC system.
Yeah it's a European bank.. I wanted to terminate my relationship with that bank after that interaction but unfortunately I still need it for other transactions..