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How would they know which bitcoin address corresponds to me? I can make a brand new wallet, find someone on Local Bitcoins (https://localbitcoins.com/ https://
by joejohnson 13y ago
How would they know which bitcoin address corresponds to me? I can make a brand new wallet, find someone on Local Bitcoins (https://localbitcoins.com/ https://localbitcoins.com/) and buy some nearly-untraceable bitcoins with cash in a matter of hours.
- betterunix 13y agoLook, this is no different from lying about your income in any other situation. People do it all the time. Yes, you can get away with it...until you are audited, at which point the auditor is going to start checking on things, and if you do not have a believable story you'll meet the same fate as Al Capone.
- lettergram 13y agoCould just not say you own BitCoins, unless you have a couple thousand I doubt you'll even be a blip on their radar. If you have that many, you could just spread them around wallets too... Really I can't see them picking up on it if you do it right.
- betterunix 13y agoOK, but this is not in any way Bitcoin-specific. You can do this with USD also. Again, as I noted elsewhere, the mafia has this exact problem: they have too much money to avoid being a blip (hence money laundering operations). What is the use of money that you cannot spend? Like I said, people cheat on their taxes all the time, and they often get away with it. Bitcoin does not add anything to this. The IRS knows how to audit cash, which is vastly more anonymous than Bitcoin.