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IRS has been tracking Bitcoin usage since 2015 & List of Coins that Can Save You from Spies. by kingscrown

View this thread on: hive.blogpeakd.comecency.com
· @kingscrown ·
$483.46
IRS has been tracking Bitcoin usage since 2015 & List of Coins that Can Save You from Spies.
Apparently, IRS was using tracking software from Chainalysis since 2 years mostly to mark movement of money around the economy.
http://i.imgur.com/MPpdZcb.png

Whole contract you can read at https://www.documentcloud.org/documents/3935924-IRS-Chainalysis-Contract.html
but mostly IRS thinks not enough people fill for taxes from crypto ie in 2015 only 802 people declared anything in USA (!).

http://i.imgur.com/H3gTYi4.png

This is not unexpected but means soon some random people with a few tools will be able to fully track your money record, doesn't matter if it will be IRS for taxes or ie mobsters. This is one of the reasons anonymous currencies are currently raising in values.

Worth also to [use VPN](https://traceless.me/?c=secure) when you send anything from wallets, this will mix up things a little too.

# Top Anonymous Currencies
This is my list if ive missed something that you think matters, leave it in comments.

- ZEC  Zcash - fully untraceable (as long as we believe it was launched properly). 
- DASH - mineable on x11 coin with masternodes and coin mixing.
- XZC Zcoin - uses zerocash protocol and was launched before ZEC
- EXCL ExclusiveCoin - proof of stake fork of DASH with same options
- ZCL ZClassic - fork of ZEC but without founders fee (all you mine goes to you)
- HUSH - another fork of ZEC with small premine for development
- XMR Monero - cryptonote algo

Notice that actually despite 7 coins chosen here, its mainly just 3 technologies which seem most safe. Each of the technologies has more forks and different coins but those listed here are the ones i own and see good future in.



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πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 934 others
πŸ‘Ž  ,
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vote details (1000)
@aarcee ·
Thanks @kingscrown , yes I think we should keep at least some in one of these, I use DASH for it.

I joined steemit and have started publishing my bitcoin trade here, I think it will be beneficial for all the bitcoin traders, but I am not sure how to make it available to everyone. Its at:
https://steemit.com/trading/@aarcee/bitcoin-btc-usd-trade-profit-booked-today-22-aug-2017
πŸ‘  
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vote details (1)
@absdipto · (edited)
wow.very informative post. upvoted
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@abu.amann ·
Hi @kingscrown. am a newbi in steemit. i have follow you and upvote you. help me to follback me and      upvote  πŸ˜€πŸ˜€πŸ˜€ @abu.amann
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@aenor ·
$0.03
It's also possible to simply use an exchange to switch your coins into an alt, to break the tracking. And then when the withdrawal is made it is in the form of an alt, and the "chain" is broken.
πŸ‘  , , , , ,
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@agromonde ·
thank you
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@alao ·
You need to add BlackBytes to that list. They are free with ByteBall!!!
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@ancap47 ·
They're collecting tons of information, but no one there is smart enough to disseminate any of it.
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@steady ·
I don't understand why they collect SO much information. Its just diluting surveillance of an actual threat. If you're digging for gold no reason to put a mountain of dirt on top first.
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@aqbayli ·
also bitcoin and ethereum are Anonymous
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@tzs ·
Not really
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@arcange ·
Congratulations @kingscrown!
Your post was mentioned in the [hit parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20170823) in the following categories:

* Upvotes - Ranked 1 with 972 upvotes
* Comments - Ranked 1 with 219 comments
* Pending payout - Ranked 2 with $ 398,48
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@arckrai ·
It seems like this was inevitable.
Despite the anonymity aspect to bitcoin it is a transparent blockchain which still does allow some sort of tracking to happen unfortunately
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@asiflund ·
nice info sir, kindly see my posts and upvote me and follow me.thanks  @kingscrown
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@atp11 ·
Thank You!! The IRS aint gettting shit from me
πŸ‘  
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vote details (1)
@awitherow · (edited)
Seriously FUCK the IRS. Stealing our tax money to fund the destabilisation of under-represented countries around the world? NO THANK YOU.

And fuck these people who made this chain analysis bot.
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@bardamazon ·
Interesting find.  Good stuff!  Thanks for posting the info.
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@battleaxe ·
Great Post, also not surprised
πŸ‘  
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vote details (1)
@blockchainttmft ·
$0.42
Wasn't aware of the IRS doing that, is this just news to the community now or has it been public knowledge for a while that they have been monitoring the BTC transfers?

I'd just add PIVX to your list of anon coins :)

you have my full uv
πŸ‘  , , ,
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vote details (4)
@bluelightbandit · (edited)
Thanks for posting this! I posted something similar a while back about how the IRS has TEAMS of agents monitoring the crypto market, just thinking of every possible way to get their greedy little hands on our money!
πŸ‘  
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vote details (1)
@earthcustodians ·
have you heard of this? 

In 1996 the NSA (that’s right, a government agency) published a  White Paper titled, HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS  ELECTRONICCASH.  And in this white paper, analysts and researchers  laid out the entire breadth and scope of replacing cash and other fiat  currencies with a completely digital one, based on anonymous  cryptocurrencies. 
https://steemit.com/bitcoin/@earthcustodians/mystery-unveiled-why-was-21-million-picked-as-the-number-of-bitcoins-to-be-created
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@bluelightbandit ·
No, I havent.
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@bobokyaw · (edited)
great , thank you, upvoted
πŸ‘  
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vote details (1)
@bonsaitreehouse ·
$0.42
None of those are convertible directly to fiat from a major exchange. That is why the IRS is going after exchanges like Coinbase/Gdax and Gemini because you can convert your ETH, BTC, LTC, and BCH to fiat. It is those transactions from those exchanges linked to a bank they want. 

What we need are more businesses that do business in crypto so we don't have to use a bank anymore.
πŸ‘  
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@bosshawg ·
Thank you for this awareness your bringing... good stuff! :D
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@braxton101 ·
Interesting.
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@cartoonhd ·
-Excellent post thanks for sharing
I am a new steemians, maybe i should study first with you, regards know me
https://steemit.com/@cartoonhd    please follow me
I followed and upvoted.Would you like to follow and upvote me.
![DQmRKgYYp1TzWmvqtnfbMSLZQSgUXinUxqyHyd39HZ8j7gx.gif](https://steemitimages.com/DQmRKgYYp1TzWmvqtnfbMSLZQSgUXinUxqyHyd39HZ8j7gx/DQmRKgYYp1TzWmvqtnfbMSLZQSgUXinUxqyHyd39HZ8j7gx.gif)![DQmeEhY3iMJiyRhGjAM6aaUDfSuam7F722fD6iwqyWxVBMB_1680x8400.png](https://steemitimages.com/DQmZr4CcZryi9kn8kLQD11tbo9MXJUYfiBvDPu8DrJtanWS/DQmeEhY3iMJiyRhGjAM6aaUDfSuam7F722fD6iwqyWxVBMB_1680x8400.png)![U5drhZJbgh8HauKXEXxztDAj5gtKctA.gif](https://steemitimages.com/DQmWHUZjHQFFJKUioxVAkfyHpKP4QYTyM2R5bqjQfHvsbUH/U5drhZJbgh8HauKXEXxztDAj5gtKctA.gif)
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@cartoonhd ·
-Excellent post thanks for sharing
I am a new steemians, maybe i should study first with you, regards know me
https://steemit.com/@cartoonhd    please follow me
I followed and upvoted.Would you like to follow and upvote me.
![DQmRKgYYp1TzWmvqtnfbMSLZQSgUXinUxqyHyd39HZ8j7gx.gif](https://steemitimages.com/DQmRKgYYp1TzWmvqtnfbMSLZQSgUXinUxqyHyd39HZ8j7gx/DQmRKgYYp1TzWmvqtnfbMSLZQSgUXinUxqyHyd39HZ8j7gx.gif)![DQmeEhY3iMJiyRhGjAM6aaUDfSuam7F722fD6iwqyWxVBMB_1680x8400.png](https://steemitimages.com/DQmZr4CcZryi9kn8kLQD11tbo9MXJUYfiBvDPu8DrJtanWS/DQmeEhY3iMJiyRhGjAM6aaUDfSuam7F722fD6iwqyWxVBMB_1680x8400.png)![U5drhZJbgh8HauKXEXxztDAj5gtKctA.gif](https://steemitimages.com/DQmWHUZjHQFFJKUioxVAkfyHpKP4QYTyM2R5bqjQfHvsbUH/U5drhZJbgh8HauKXEXxztDAj5gtKctA.gif)
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@cesarx321 ·
Good post keeps uploading material like this you have a new follower and my upvote, help me with an upvote if you can
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@chicherish ·
Good ome
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@chrone ·
$0.06
One of the best content creators on Steemit keep it up! I've probably upvoted you a few dollars and will continue.
πŸ‘  ,
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vote details (2)
@cloudspyder ·
This is why people are force to adapt crypto currency, they are force by the government itself. It also prove that the government exist not to protect you but they are preying people. A sad fact
πŸ‘  , ,
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vote details (3)
@clpr ·
I didn't know about that. Thanks for the info.
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@composure415 ·
The government cannot even track down most crimes that go committed. This is just another scare tactic.
πŸ‘  , ,
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vote details (3)
@concoctopus ·
Thanks for this information! Great to know.
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@cowboybeebop ·
You missed Cloak ! Seriously?Can't up a list that doesn't have that one. Sorry. Keep reading Jr.
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@craigb786 ·
If anyone is looking to learn more about cryptos and blockchain tech - check out this guide I put together: https://steemit.com/cryptocurrency/@craigb786/the-ultimate-cryptocurrency-and-blockchain-resource-center-and-guide
 There's some resources in there regarding tax stuff too. Hope it can help anyone looking to expand their knowledge on cryptos.
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@cryptoqu33n ·
@kingscrown - Thanks for sharing this information about untrackable crypto currencies. This is very useful.
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@cryptotax ·
Thanks king for this informative post;  it highlights that while taxes are not fun,  taxes are not cool,  it is no joke  the IRS is definitely not playing around.
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@cyberblock ·
$1.78
how can they know who owns a bitcoin wallet?
πŸ‘  , , , , ,
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vote details (6)
@randowhale ·
This post received a 3% upvote from @randowhale thanks to @cyberblock!  For more information, [click here](https://steemit.com/steemit/@randowhale/randowhale-is-now-only-1-steem-sbd-per-vote-spread-the-news)!
πŸ‘  
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vote details (1)
@dave4925 ·
Great article!
I would go with XMR (Monero) for best privacy.
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@decentralizd ·
This is why coins such as @smartcash are needed... this is getting out of hand, we should be innocent until proven guilty!
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@dhrubo-rana ·
Good to know.
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@discernente ·
Privacy is prime in the crypto world.
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@djohan ·
$0.41
Can they tax if we don't sell any coins? Because they can only tax the profits, but who knows
πŸ‘  
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vote details (1)
@dobartim ·
https://steemit.com/money/@dobartim/how-did-i-earn-from-usd-40-79-btc-for-8-months
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@doccrypto ·
$4.97
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vote details (24)
@finnian · (edited)
$0.20
ZenCash works too.  Oh, yeah: taxation is theft!
πŸ‘  , , , , , , , ,
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vote details (9)
@tzs ·
$0.78
What about using public services?
πŸ‘  , , , , ,
πŸ‘Ž  
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vote details (7)
@laryu21 ·
How much the irs deduct if you got 200 btc?
πŸ‘  
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vote details (1)
@mdominicorobin ·
It is like a casino. The house always win. They never deduct. They just agonize about that treasure in your hand all the time that you exist.
πŸ‘  , ,
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vote details (3)
@thecastle ·
Expect to be ready to shell out about 30-45% of the USD value. :(
πŸ‘  
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vote details (1)
@nonannystate ·
True, their very existence is reason to revolt. But of all the taxes we pay here in the US a capital gains tax of 15% is one I'm OK with. But what I spend and where I spend it is no ones business.  The team and advisors on Zcash seems solid. Mad genius Zooko at the helm with guys like Vitalyk and Andreeson advising plus a large team convinced me they could be a serious gainer down the road. Their wallet is ugly but the project is moving so we'll see.
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@egyman ·
Good and  useful information, thank you
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@eirik · (edited)
Hopefully they will be added to the DEX so I can buy some of them! :)
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@enjar ·
Well shoot they finally found out how this time traveling cat has been funding his time traveling adventures. 

Honestly they should just make the USD coin already and be done with it. Then they can track EVERYTHING like you know they want to but they don't want you to be looking at them while they track you kind of way.
πŸ‘  
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vote details (1)
@enjay ·
It's time for people to learn the truth about income taxes - most people don't make federal income. And even above the tax laws, what gives anyone the right to claim property of the unborn? Humans need to detach from anything establishment related asap
πŸ‘  
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@kimmydee2 ·
Resonating here!
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@evolved08gsr ·
Sending Money over a "subscription" VPN is not always secure because not all VPNs are actually secure. And the ones that are "secure" typically keep logs to track your usage ... soooo ... unless you're outrageously familiar with encryption, you should probably just deal with the IRS penalty as compared to having someone hack your Crypto Wallet(s) via your VPN service.
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@fakhre ·
Quite Informative
πŸ‘  
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@fhakrul ·
Good news, thank you fot sugestion
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@flexifriday ·
$0.04
Well this is scary! Thanks for sharing this, appreciated!
πŸ‘  
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@fortified ·
$0.09
Wow. Thanks for the information. I bet they have all the blockchain nodes mirrored somewhere in real time linked to anNSA meta data harvesting data center cross referencing it with location and communication data, linked in to the swift and escrow networks for realtime tracking.

Thanks again.
@fortified
πŸ‘  , , , ,
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@battleaxe ·
you have very sharp insight ;)
πŸ‘  
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@fortified ·
Why thank you very much. I like to try.
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@fproductions ·
http://www.activistpost.com/wp-content/uploads/2015/10/UncleSamSpying.jpg
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@free999enigma ·
now i understand why Zcash is growing
πŸ‘  
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@g-dubs ·
Real OG's go w XMR!!!
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@geelongcats ·
The IRS hasn't heard of steem though ;)
πŸ‘  
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@genesisrugeles ·
Muy buena tu publicacion. Muy completa e informativa. Nos educa y es de utilidad a los que estamos iniciando. Upvoted merecido. Sigueme te estoy siguiendo
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@ghostcode · (edited)
I received a letter this week from my Gov Tax Dept asking for the same amount I have in my Steemit wallet. 
I bought all my Bitcoin with cash at a BitcoinATM. For once in my life I am trying to save and invest for the future but (shakes head) no, no, no, no, no, no, no, no.
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@giga0000 ·
Thanks for the info.
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@glutton4info ·
Great article.  Ya known about this for a while but thanks for the reminder.  Great write up.  Upvoted.  Feel free to follow back. Cheers
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@gokulnk ·
$0.33
@kingscrown from your description of the 7 coins, it feels like you prefer DASH to others that you have listed. Am I reading it correct, am I reading too much in between the lines? ;)
πŸ‘  
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@goldygoody ·
Scary future we live in..
πŸ‘  
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@greccccco ·
Don't miss this opportunity to get  free airdrops!!!!

WCX    https://wcex.co/?ref=fTaYZ4fk

ATS.   http://bounty.authorship.com/ref/d8127811

DAT.  https://wn.nr/dUxxcX

CoinStarter.    https://coinstarter.com/?ref=dd3no7n7q
πŸ‘  
πŸ‘Ž  
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@grizgal ·
$0.13
Anonymous coins are all well and good (I hold some myself) but until they are accepted by a merchant for goods or services, you are still going to have to cash out via btc on an exchange and this is where the tax man will catch you.
My understanding is (certainly in the UK) that no tax is owed until you convert your coins into fiat.  Not too sure about mining, which may be treated as income.
πŸ‘  , ,
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@someguy123 ·
Unfortunately that's wrong. If you are paid in crypto for anything (UK), then you would owe income tax on the GBP face value of that transaction. If you're doing a lot of crypto sales, you may even be required to add VAT to the sales.
πŸ‘  
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@cqdx · (edited)
He is correct from the perspective of an investor. They cannot get you for capital gains until you cash out into Fiat or otherwise use the banking system such as a debit card.
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@grizgal ·
$0.11
There was an attempt to add VAT to bitcoin a few years ago but this was abandoned.

My reading is that if you earn bitcoin in any way (mining, blogging, other tasks that involve payment for your time or services) you are liable for income tax. Difficult as the value of crypto fluctuates so much.

If you buy and then sell btc and make a profit, you are liable for capital gains tax on the profit (with allowances etc).
πŸ‘  
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@grizgal ·
$0.11
I think this is the latest guidance:

https://www.gov.uk/government/publications/revenue-and-customs-brief-9-2014-bitcoin-and-other-cryptocurrencies
πŸ‘  
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@hanutahir ·
It sucks
πŸ‘  
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@heyitsben ·
I did a video on this! "IRS Hunts Down Tax Cheats"

https://www.youtube.com/watch?v=EfjOVXbKjzg
πŸ‘  
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@hicham-med14 ·
Nice article! it's very interesting
πŸ‘  
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@hokkaido ·
Thanks for the information.
πŸ‘  
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@iamstarchild ·
Thanks for sharing the info they key to every thing  is to stay informed about it all.
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@icoexaminer ·
I like Monero and Dash for long term  Investment in true crypto-currencies.  Having said that, I'm not sure Dash is at a good entry-price.  Monero on the other hand has room to grow short-term,
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@icoexaminer ·
What are your main alt-coin tips? specifically coins that are truly out of sight from prying eyes.
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@iconate ·
Thankfully the tech behind Zcash is coming to Ethereum
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@idealsceneprod ·
How to get free Stellar Lumens based on your bitcoin holdings:
https://steemit.com/bitcoin/@idealsceneprod/how-to-get-free-stellar-lumens-end-august-27-2017-rush-rush-rush
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@ilank ·
Isn't Bitcoin revenue and should be declared?
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@imwatsi · (edited)
The news got me thinking when it hit me too. And they conveniently made this public knowledge now, 2 years later. But it was kinda in the back of my mind since the blockchain is public knowledge, if you can link IP addresses to BTC addresses then bam, you know who paid who when. Though I still find it hard to believe that they can trace with much accuracy

Can't wait for the day that taxes become voluntary. That's the future.
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@inaglem ·
bossible follow -up iam a beginner iwant your support
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@initforthemoney ·
Relevant and disturbing. Thanks for posting.
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@insideeesteem ·
Thank you for posting. This is a useful article in bitcoin.

# IAM STEEMIT INDONESIAN
πŸ‘  
πŸ‘Ž  
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@iraima ·
Hola; Buenos dΓ­as, soy Iraima una nueva steemitans.
soy de Venezuela, tengo 26 aΓ±os, estudio la carrera ContadurΓ­a Publica. 
mi familia es la base de mi FELICIDAD, me encanta compartir y disfrutar cada momento de mi vida con ellos; considero que la familia juega un rol importante en el desarrollo de toda sociedad, pues a travΓ©s de la misma se desarrollan cada uno de los ciudadanos que forman parte de la uniΓ³n y el crecimiento de las grandes sociedades.
Me encanta las redes sociales, al descubrir steemit me interese en formar parte de esta maravillosa red, pues la misma me permite conocer nuevas personas, y a la vez aprender temas interesantes como los que se publican en cada blog.
Espero me sigan y poder formar parte importante en esta red social..
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@j47k47 ·
Good to know! As the IRS probably knows i planned on claiming my coins ;) but knowledge is wealth.
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@jake58 ·
Luckily the CRA (in Canada) is pretty damn slow :)
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@jaybird ·
I was under the impression that PIVX is also in this category.  

It's main motto is:

**Private - Instant - Verified - Transactions**

It also seems hugely undervalued at present.  Good team and sexy website! 

I'd be keeping an eye out for this currency in the next few months-year.

Besides BTC, PIVX is one of my longest holds.  I found it early and jumped on it.  I think it'll do well in the future.
πŸ‘  ,
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@jeffjagoe ·
$0.02
You forgot to add CLOAK! CloakCoin is one of the best (and undervalued) anon-coins on the market. Give it a look!

https://www.cloakcoin.com/en/
πŸ‘  
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@joechiappetta ·
I am not sure bit what about PIVX? I thought I read that it was pretty private too.
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@johnycrypto ·
I don't think they can trace transactions like that and then use the data when it gets legal.
πŸ‘  ,
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@josefinemk ·
Don't you think that after a while they will start tracking those currencies too? I'm afraid we'll have to keep running from spies...
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@josephfugata ·
Yes, the IRS has been using Bitcoin Tracking Software since 2015,.

The IRS states in the documentation that it's using the software to "trace the movement of money through the bitcoin economy," going on to explain:

"This is necessary to identify and obtain evidence on individuals using bitcoin to either launder money or conceal income as part of tax fraud or other Federal crimes."
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@journey-of-life ·
$0.80
Carrying BTC has always been associated with this risk so yes, its sort of a given when blochchain can be read by anyone. And its virtually impossible to not to lose track of username or email that can lead it to you. In any case, I would like to add another new coin on the horizon

ONION: MC 3M, Airdrop continuing is one of my current favorites. This coin might give you a chance to grow your BTC too. I recommend just getting in and taking a look at it. Go to deepOnion.org or find it on BCT thread
πŸ‘  
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@jpinka ·
The government....Is something else. Thanks for sharing, I was asking my friend about taxes and everything and its been on my mind.
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@kalistacking ·
$0.27
Waiting on cloak!
πŸ‘  ,
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@kapetanic ·
Good post @kingscrown ! Only thing that is nice to see is about Zcash as I mine it. ;-) What happens if we "sell" our crypto for fiat on https://localbitcoins.com/
πŸ‘  
πŸ‘Ž  
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@karunbharmoria ·
Great post! Keep it up.
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@kaylinart ·
Really? This is scary. I hate the thought that they are tracking our money. Although I could argue that we shouldn't be paying so much in tax either.
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@keks ·
I like your articles, I with impatience expect  something new. thank you very much that  by sharing this story here. Keep up the good work. :)
πŸ‘  
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@khairulmuammar ·
nice post@kingscrown
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@kriptonoob ·
As we could expect this is going to be a long war with a government for freedom of money.
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@lena1982 · (edited)
Bitcoine goin to be the coin of the world
What do you sink? @lena1982
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@liberty-minded ·
thanks for this, I'll definitely look further into these, only heard of a few of 'em
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@limnade ·
Is there by chance any research about spheres where bitcoins are used and there shares?
If they track maybe they can show analysis.
πŸ‘  
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@loveanimal ·
$2.23
_good news, thank you, upvoted_
πŸ‘  , , , , , , ,
πŸ‘Ž  
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@addisdev ·
$1.77
Good news? More like bad news.
πŸ‘  ,
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@superpako ·
look my post about waves
https://steemit.com/cryptocurrency/@superpako/waves-plataform-and-lease-cryptocurrency
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@asif4745 ·
Yes ,   good News
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@cryptomar ·
I've never heard of hush coin. im gonna check it out.
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@cryptomar ·
good news, thank you, upvoted :)
πŸ‘Ž  
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@inversor ·
Thank you for the post.
Look at this please πŸ˜‰πŸ‘Œhttps://steemit.com/crypto-news/@inversor/stock-markets-analyst-projects-bitcoin-to-hit-usd7-500
πŸ‘  
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@randowhale ·
This post received a 3.8% upvote from @randowhale thanks to @arobert!  For more information, [click here](https://steemit.com/steemit/@randowhale/randowhale-is-now-only-1-steem-sbd-per-vote-spread-the-news)!
πŸ‘Ž  
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@majidawan ·
I really enjoyed your post, thank you for sharing with us. Enjoy the vote!
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@mamamyanmar ·
good I used btc
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@marcaprio ·
Not really surprised the governments will always try keep tabs on people's wealth, and tax them to death and beyond. The only way to get rid of taxation is to leave the system. Move around, live a paperless, untraceable life, I believe is still possible, but for that you have to do with less amenities, something most people in the "civilized" world are not willing to part with.
πŸ‘  
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vote details (1)
@maximus343 ·
This article is definitely useful. Has anyone included any earnings on their tax returns? is this possible to be done on your own or an expert advise is required (i.e. like a tax lawyer)? any inputs will be useful. If we are better informed, the benefits of doind this type of exchanges online become more enjoyable!
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@mdominicorobin ·
For 8 years the speculators have been saying that Bitcoin is a scam. Now are they tracking down the head of this scam? Or are they admitting finally that this is better than central banking namby-pamby.
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@medras ·
recently i heard about monero  and it seem really worth investing in it
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@meyrep ·
Did hear about Monero and Dash before.  It is an ongoing struggle for the IRS to clamp down on those who trade and profit from cryptocurrencies without reporting their windfall to them.  Unfortunately, this is a hard one to crack since more and more people are waking up to embrace the digital coins despite the looming crackdown.  As fiat currencies continue to get devalued, what is the point of holding onto a barrel full of worthless paper notes.
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@mikepm74 ·
of course they are.  Americans can't make a penny without Uncle Sam taking a look so he can get his bite.  

If we are not funding horrible things, then we should be able to do what we want with our money.  

Americans are going to have trouble hiding any currencies from the IRS long term.  Anything they can't dig into they will ban us from trading.
πŸ‘  
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vote details (1)
@nyozekii ·
@mikepm74 The American government always needs to take a piece of the pie because they enjoy spending other peoples money.  If they can find a way to tax it, they will.  One reason why cryptos are gaining traction is due to that being your own bank is the safest way to protect your wealth.
πŸ‘  ,
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@paulmoreno2 ·
ItΒ΄s true
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@milennycova ·
Muy buena tu informaciΓ³n.
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@minknsa ·
$0.10
Thank for share useful postπŸ‘
πŸ‘  
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vote details (1)
@minnowpond ·
This post recieved a vote from @minnowpond. For more information click https://steemit.com/steemit/@minnowpond/boost-your-rewards-with-minnowpond
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@minnowpond1 ·
This post recieved a vote from @minnowpond. For more information click https://steemit.com/steemit/@minnowpond/boost-your-rewards-with-minnowpond
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@minnowsupport ·
This post received an upvote from MSP3k.com
This post received a 5% vote by @minnowsupport courtesy of @kingscrown from the Minnow Support Project ( @minnowsupport ). [Join us in Discord](https://discord.gg/tuJsjYk).

Upvoting this comment will help support @minnowsupport.
πŸ‘  
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@misawii ·
very good
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@mj2307 ·
Now I know where my mortgage payment is going this month....
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@mlichte2 · (edited)
$0.19
ZCash is a private company with closed code whereas Monero is decentralized and open source. I think Monero (XMR) has the best technology as far as anonymity goes with crypto.

https://bitcointalk.org/index.php?topic=2037552.0
πŸ‘  
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@blackjok3r ·
wrong... we at hush use zcash code and we are open source. Monero has no zero proving algo it is inferior.
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@motuproprio420 ·
Its complete fraud what they do
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@mr-elushize ·
lovely post.. do follow back and help upvote my posts. thanks
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@mstsreety ·
THNX BRO
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@munawar1235 ·
nice article @kingscrown
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@nardis ·
No matter what you do those in control will break off a piece for themselves. They can't stand the competition.
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@nazarwills ·
Thankyou for sharing @kingscrown.  Interesting post.
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@nbuonaugurio ·
I was hearing about this, wondering how true it was. I found this video on youtube that really got me thinking. 

https://youtu.be/9pX7IQ6UOVM
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@nicholas1983 ·
Damn gov.
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@nuwanlk ·
good news. Thanks..
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@oscargon1234 ·
JEEEEZ, I just want to use my Monero as a body pillow :(
πŸ‘  , ,
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@owenwat ·
yep i bet they've been tracking it alright :)
πŸ‘  
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vote details (1)
@pbgreenpoint ·
$0.79
Helpful share. I will have to try the VPN strategy when moving cryptos. Thanks for the tip.
πŸ‘  
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@pele23 ·
What about Steem and bitshares? Would be interesting to know about the traceability of these coins...
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@polaleye50 ·
IRSis crazy man.  We need freedom
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@pouchon ·
$1.03
Good post !!
I like the idea  for anonymous coins. Sooner or later it will prime. 
Just thinking about safety for oneself???
Keep on steemit!
πŸ‘  , , , , , , , , ,
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vote details (10)
@pqlenator ·
$0.42
You can bet if the US is spying on BTC trnsactions, then other countries are too.
Thanks for the share. 
You got an upvote & resteem from me.
Steem on beyond the moon, have you got your ticket yet? Good luck to us all.
πŸ‘  
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@praesto ·
Wanted to let alert everyone about my new website www.thecoinboard.com 

The goal and purpose of this website is to help introduce people to cryptocurrencies and answer their questions regarding the different currencies, exchanges, wallets, and investing. We also discuss regular investing and economics. Not forcing anyone to join but we are already starting to get good posts and there are a few ways to earn FREE cryptocurrency. I personally login and try to answer questions daily!

Learn and ask questions about crypto-currencies and traditional stock investing! Hope to see you all there www.thecoinboard.com

-The Coin Board
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@raje8055 ·
Omgg
πŸ‘  
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vote details (1)
@randowhale ·
This post received a 3% upvote from @randowhale thanks to @kingscrown!  For more information, [click here](https://steemit.com/steemit/@randowhale/randowhale-is-now-only-1-steem-sbd-per-vote-spread-the-news)!
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@realestatecoach ·
Very good article.  It would be interesting to have more tools to know who can track your usage.
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@ripa · (edited)
Thank for sharing. 
It helps a lot as we are getting trapped in cryptocurrencies day by day.

Here,I would like to draw attention of some authors/curators&Please read this project,

https://steemit.com/introduceyourself/@ripa/curator-get-paid-45-50-of-what-his-her-upvote-worth-http-i-imgur-com-h7am23g-jpg-introduction-post-log1
http://i.imgur.com/RRxwPNh.jpg
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@rismanrachman ·
Cool
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@rizalfajri ·
Very nice post friend
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@road2wealth ·
I just read about  this, unfortunately Uncle Sam will do his best to get his share of the Crypto money.
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@robbieretard ·
Interesting,  I knew Bitcoin and the like was not untraceable but I did not know there was already software tracking them.
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@roshup ·
Join my autoblog! Interesting news&facts
Join my autoblog! Interesting news&facts
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@roshup ·
Join my autoblog! Interesting photos&facts!
Join my autoblog! Interesting photos&facts!
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@royschuh ·
Im calling bullshit, everything to do with crypto from the government is all a scare tactic. Claiming it at the border? Really? Going to search my entire laptop and look through my USBs? Don't think so.

We have been tracking, so you better claim it! Yells the idiot little child lol
πŸ‘  
πŸ‘Ž  ,
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vote details (3)
@earthcustodians ·
sorry I have to tell this to you
HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH
National Security Agency Office of Information Security Research and Technology
Cryptology Division 18 June 1996 https://steemit.com/bitcoin/@earthcustodians/mystery-unveiled-why-was-21-million-picked-as-the-number-of-bitcoins-to-be-created
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@kimmydee2 ·
haha, rolling over here. I agree!
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@rusinho027 ·
Very interesting post, thank you very much for sharing and feeding this social network with content that helps us keep growing! regards!
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@rvanstel ·
$0.04
Thanks for the heads up! What do you think about SmartCash? I believe it is a fork of Zcash.
πŸ‘  
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vote details (1)
@saidhansali ·
thank you very much. I love all steemers
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@sajjad711 ·
thanks to you to inform us that level because some people along me, are new at the cryptocurrency filed.
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@samfranky ·
Only 802 USA citizens declared bitcoin in 2015.. lol

https://media.giphy.com/media/T6iUNfwmH87ny/giphy.gif
πŸ‘  ,
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vote details (2)
@jsofta ·
Live in UK. Is it regulated much in US the crypto currency market? Wonder because we are doing aN ICO and think of skipping US before we fully understand how it works
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@savart ·
I think bitcoin stays on the moon..
Will steem rise in september?
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@siddm96 ·
So Bitcoin is traceable. Not good. :3
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@sighmanjestah ·
I thought taxes were voluntary?


https://youtu.be/qcpEQXFAxe4

---
SDG
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@silver-saver ·
$0.03
Interesting! That seems like a lot to track and follow though!
πŸ‘  
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vote details (1)
@silvercoin ·
Really this is scandalous!! IRS has so explaining to do! LOL
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@slempase ·
Interesting information about digital money, thank you for your share information.... have a ice day @kingscrown
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@soufianeboutaleb ·
uplifting news, thank you a lot
πŸ‘  
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vote details (1)
@staffnsnake ·
How about Signatum?
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@steady ·
As far as I understand cryptocurrency earnings are taxed once you "cash out".  I'm not using crypto for anything illegal so I'm not too worried but I know the dangers of thinking  "I'm not doing anything wrong".
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@steemboad ·
Hi, good post to follow and IRS has been tracking Bitcoin usage since 2015 & List of Coins that Can Save You from Spies.upvote follow @steemboad
πŸ‘  ,
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vote details (2)
@steemitboard ·
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@steemitboard ·
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@steemresteem ·
# UPPED and RESTEEMED
*Upvote this Comment for More Resteems*
https://steemitimages.com/DQmNRxGArjqx7ifhADyUyC9g2xiihKTr8dPnWP2tENqFFJe/steemresteem%20.png
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@stiuly ·
Regards to know ya steam friends .. hopefully we can be friends well
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@stiuly ·
Thank you for the news or information we hope to be able to do business together and achieve success .. hopefully we can be well-secured by sharing good news2
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@storcogato ·
$0.86
I've never heard of hush coin. im gonna check it out. are you guys familar?
πŸ‘  , , , , , ,
πŸ‘Ž  
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vote details (8)
@balkrishna ·
New ICO, Receive 75 ATS tokens for FREE worth over $10 - http://bounty.authorship.com/ref/i8101112 (Absolutely free , no need to buy)
πŸ‘  , ,
πŸ‘Ž  
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vote details (4)
@dpictx ·
Here is an invite link to the Hush slack.  http://slack.myhush.org/
It's a great community, friendly and accessible. zawy and madbuda are two of the stalwarts over there. :) The developer, radix42, is very highly thought of in the cryptocurrency community and refreshingly devoid of false promises and bullshit. There are so many great things happening in Hush's (near to medium term) future technology wise, plus Hush isn't on any of the big exchanges yet. So, as the features roll out, the exchanges wise up and word gets around, I expect Hush will be selling much closer to its true value.  Hope to see you over at the slack!
πŸ‘  
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vote details (1)
@putrimentari ·
What that ?
πŸ‘  
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vote details (1)
@zawy · (edited)
$0.03
HUSH has acquired the Zcash developer  who developed the windows and I think Mac GUI
s for Zcash.  I sold half my Zcash to get it.  He's attracting new talent to the project.  Development is moving fast and it may soon get listed on Bittrex instead of just Cryptopia and Satoshi.  Currently at 0.7% the price of Zcash (~ $1) with I think a potential to go to 10% the price of Zcash.  So if Zcash goes back to 1/6 the price of BTC and HUSH goes to 1/10 the price of Zcash, then 33x more BTC per BTC invested is the potential of HUSH.
πŸ‘  , , , ,
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vote details (5)
@brokecollegegrad ·
Is there a whitepaper?
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@madbuda ·
$0.03
More than value of the coin we can do things that ZCash cannot. We do not have any corporate backers, so we are not constrained in any way. I like to think of Hush as the open source Zcash. Like ZClassic Hush has no founders fees, so miners earn 100% of the block reward.

I don't understand why Zclassic is valued at what it is, the core dev left the team months ago and there has been no development since then.
πŸ‘  ,
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vote details (2)
@susanli3769 ·
It sucks but I believe it's just a matter of time that it will be regulated. :(
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@sweetiebo ·
Nice to know about this, Steem will also moon!
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@swissarmyknife ·
Thank you. Great post for me due to my interest in anonymous currencies.
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@swissclive ·
I've heard that there is a kind of money which is completely untraceable. It's printed on little bits of green paper and you keep it in your physical wallet in your pocket. The name for this amazing untraceable invention is the US dollar bill.   Apparently drug dealers are using this as it is impossible for anybody to track it.    If you don't want to be spied on I recommend that you change all your crypto into bills.
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@syedtalha ·
Awesome post dude very informative. I'll check it out. Upvoted and followed.Be sure to follow back!
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@techwizardry ·
$0.21
The great thing with anonymous cryptos is that thy can also be acquired on anonymous, P2P exchange like Bisq. Users can buy bitcoin on KYCed exchanges, and then swap into anon cyptos and the trails disappears!
πŸ‘  
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vote details (1)
@telasius ·
There should be ZEN also https://zensystem.io/
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@thecryptosphere ·
Chain-analysis uses machine learning algorithms.
πŸ‘  
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vote details (1)
@thecrytotrader ·
Thanks for the information,this will help many of us. :)
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@themagus · (edited)
$1.01
Go have a look at Verge (xvg) .... Very far below the radar ... No razzamatazz but has been on the go since 2014, very secure.
Upvoted my own comment so it can be seen (not my regular habit)
πŸ‘  
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@thepotato · (edited)
![just a fkin potato.png](https://steemitimages.com/DQmbrAiLsYAQx1Fbq9YYuzN3QMfUEFQ59CCi31k8Hf99Cjk/just%20a%20fkin%20potato.png)
πŸ‘  
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@thewhitewolf ·
$0.89
Ok it is very interesting. I hope everything will be kept anonymously. I mean what is the point of decentralised money if then you have to go back and pay tax? Some country has 50% tax... are you seriously thinking it will be a good move? I hope it will carryon anonymously
πŸ‘  , , , , , , , , , ,
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vote details (11)
@thirdmanh3 ·
That's how you trim the mass just show them what they desire wealth and royalty as every single person on this planet wish to be rich and financially secured same as today with Bitcoin a punch of numbers too complicated to understand makes you rich I guess we're not the smartest generation ever lived!! @thirdmanh3
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@thirdmanh3 ·
I DONT GIVE A F' TO YOU!!!
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@thoughtsoncrypto ·
I have watched a YouTube video recently from Ryan Berkness in which he explains how taxation on cryptocurrency works in the US.

Basically, the only way for cryptocurrencies to be taxed in the US is if they become spendable.  Before that, these are not considered "realized gains".

Plus you are only taxed on the profit you've made after the currency was transferred into a spendable state. This is most likely why many countries are now looking to make Bitcoin an official payment method, since it would immediately become spendable.

I'm new to this platform, and I'm not sure if it's ok to post the link in here. Just in case it's frowned upon or not ok, Please feel free to delete this comment.

https://www.youtube.com/watch?v=lveg1o5LlIY
πŸ‘  ,
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@tonygreene113 ·
this is a great little list to get started in on for those of us like myself in need of something to keep the government arseholes away.
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@topnetworkeral ·
What do you think of #Stealthcoin as well? I'd love to hear of a few more; I was just watching a video about the untraceable properties of #monero today - also heard similar about #Dash and #ZCash - I need to pick up some Monero though; great article
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@tungie ·
$0.43
I think it might be pretty useless for IRS to trace Bitcoins since many of us are even losing oversight on the number of coins. And someone with bad intentions would probably invest in other coins or choose to do its trade in another jurisdiction under another name, etc.
πŸ‘  , , , , , , , , , ,
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vote details (11)
@tunnelrat ·
$0.87
Don't forget about DeepOnion (ONION), @kingscrown. Currently only trading on Nova Exchange, but uses TOR network to send transactions. Just caught wind of this today and it's up 40% today.

Happy with EXCL, earned my first stake in about 32 hours! (0.5 with 102 staking)
πŸ‘  
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@tuventure ·
They have been doing espionage and putting Trojan horses into Bitcoin's ecosystem, community, developers, miners. When the next financial crisis starts, and when people start to move their money en masse, they will make an all out cyber war against us. Like this: 
https://steemit.com/bitcoin/@tuventure/fiction-how-usa-will-be-taking-down-bitcoin-during-next-financial-crisis
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@twister ·
An excuse that those activities are needed to prevent funding of terrorists always works. Specially if the nation is scared enough.
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@vallionnaire ·
Great info!!!
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@viilixxxzzz ·
im never giving taxes on bitcoin or any crypto      fuck the government
πŸ‘  
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@earthcustodians ·
$1.12
really? In 1996 the NSA (that’s right, a government agency) published a  White Paper titled, HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS  ELECTRONICCASH.  https://steemit.com/bitcoin/@earthcustodians/mystery-unveiled-why-was-21-million-picked-as-the-number-of-bitcoins-to-be-created
πŸ‘  ,
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@viraldrome ·
If the IRS is watching people get rich with Bitcoin I am sure the DEA is watching people buy/sell drugs too
πŸ‘  
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@kimmydee2 ·
Good point!
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@vm2904 ·
$1.29
@kingscrown - Aahhh. This explains why Monero shot up suddenly and Dash is peeking up.  Your article provides a very concise explanation of the coins based on 3 technologies which deter tracing.  

Thanks for this heads up.   Cheers. Upvoted
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vote details (14)
@cryptomaker ·
Nice everyone.i love steemit members.i resteem kingscrown74 s post always
πŸ‘  
πŸ‘Ž  
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@xavinovilla ·
zcash Is more secure than the rest, is it true?
πŸ‘  
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vote details (1)
@xgrosz ·
$0.11
they will go after you no matter where you are as long as you are a US citizen you are their slave
πŸ‘  ,
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vote details (2)
@ashaman ·
And as a US citizen, even if you renounce your citizenship you still have to pay taxes to the IRS for another 5 years.
properties (22)
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