{"id":24884,"date":"2017-08-27T13:57:15","date_gmt":"2017-08-27T18:57:15","guid":{"rendered":"http:\/\/olduvai.ca\/?p=24884"},"modified":"2017-08-27T13:57:15","modified_gmt":"2017-08-27T18:57:15","slug":"your-bitcoin-is-not-anonymous-irs-moves-to-track-bitcoiners-with-new-chain-analysis-tools","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=24884","title":{"rendered":"Your Bitcoin is NOT Anonymous: IRS Moves To Track Bitcoiners With New Chain Analysis Tools"},"content":{"rendered":"

Your Bitcoin is NOT Anonymous: IRS Moves To Track Bitcoiners With New Chain Analysis Tools<\/a><\/h3>\n
\n

\"bitcoin-2\"<\/p>\n

Last month Alt-Market.com<\/a><\/strong> founder Brandon Smith warned that Bitcoin may not be all that it\u2019s cracked up to be in terms of its purported anonymity<\/a><\/strong>:<\/p>\n

For years, one of the major original selling points of bitcoin was that it was \u201canonymous<\/a>.\u201d 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 \u201canonymous.\u201d The feds have been proving\u00a0there is no anonymity<\/a>, even in bitcoin, for some time, as\u00a0multiple arrests<\/a>\u00a0using\u00a0bitcoin tracking<\/a>\u00a0have indeed occurred when the FBI decided it was in their interest. Meaning, when the feds want to\u00a0track bitcoin transactions<\/a>, they can, and it does not matter how well the people involved covered their actions.<\/p><\/blockquote>\n

Because every transaction exists on a public blockchain ledger, an enterprising organization \u2013 say like the NSA or IRS \u2013 could conceivably implement blockchain analysis tools to track down Bitcoin fund transfers around the globe. These days most bitcoin transactions are originated on \u201ctrusted\u201d exchanges that exist in Western nations, where governments have always found new and innovative ways to ensure citizens have no privacy whatsoever, especially when it comes to personal finances. This means that there is more than likely a record of your original Bitcoin transaction, perhaps involving a credit card or bank transfer, and if regulators ask an exchange to turn over the information you can bet they\u2019ll do so in order to avoid unwanted government scrutiny. Moreover, most exchanges now require a driver\u2019s license, passport and even a phone number in order to approve your account for trading.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Your Bitcoin is NOT Anonymous: IRS Moves To Track Bitcoiners With New Chain Analysis Tools Last month Alt-Market.com founder Brandon Smith warned that Bitcoin may not be all that it\u2019s 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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[6703,4174,432,443,6489,551,577,6490],"class_list":["post-24884","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-alt-market","tag-bitcoin","tag-internal-revenue-service","tag-irs","tag-mac-slavo","tag-national-security-agency","tag-nsa","tag-shtfplan-com"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/24884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24884"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/24884\/revisions"}],"predecessor-version":[{"id":24885,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/24884\/revisions\/24885"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}