We have the ethheads going crazy too, and currently talking about impending flippening,, again... Let the first big smart contract fall and eth's world is gonna collapse for good. Some might say there are already alternatives in place: I say good luck to them. In the end, one must fall and only one shall remain. |
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Since converting to BTC costs money (always more than 1% in my experience, often MUCH higher (BTC ATMs)), it's beginning to look like BTC will not be a game-changer for privacy. The obvious answer to this is to not convert back and forth between BTC and fiat and just stay in BTC as much as possible. Earn bitcoin, accept bitcoin, spend bitcoin. In my humble opinion, Bitcoin was never intended to be linked with the fiat currencies world: Chancellor on brink of second bailout for banksThis is where it all started, Bitcoin is here to replace to old financial world. Of course, I am not being naive, I do recognize that for the majority of us is not possible to live fully on Bitcoin. But that should always be our end goal. I am pretty confident that one day we will be using Bitcoin only financial instruments or, at least, that's my dream since being into BTC.  In the end, yes! Just stay in BTC as much as possible. Earn bitcoin, accept bitcoin, spend bitcoin. |
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* * *
General comment. I sense, have no proof of course, that all this "analysis", KYC/AML, PofFunds, etc. is all aimed at making BTC less useful. And by the "usual suspects" (.gov and/or banks).
Since converting to BTC costs money (always more than 1% in my experience, often MUCH higher (BTC ATMs)), it's beginning to look like BTC will not be a game-changer for privacy. If the exchanges get overly picky about sources of BTC and make it harder to cash out, then that is bad news AFAIC.
I guess your concerns are valid ones. As I've already stated previously, this all started when the link between fiat currencies and crypto got created. 1BTC is 1BTC only when transacting in the Bitcoin realm, otherwise when, for whichever reason, one needs to exchange BTC for fiat, all that we have discussed is unavoidable. Let's see how this unfolds. |
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Blockchain analysis companies have been funded largely by governments (guess why). I saw their tools in action and they are incredibly accurate. You guys should never forget that every public blockchain is basically a time chain where all transactions are linked together. AI and machine learning, given the right inputs, can do crazy shit with data. They have deep analytics on every blockchain tx ever made and don't forget many exchanges (if not all) do real-time tx monitoring giving your coins scores as the ones you see in that image. They go back and forth, doing many hops, to judge if your coins are clean enough. Then, never forget, under AML requirements they link your blockchain profile to your financial situation: if things do not match you will be asked for the SoF. Quoting below what I wrote elsewhere on the matter In Europe, under AMLD5, if one has to use whatever exchange to go in and out of fiat then expect to be asked for the infamous source of funds.
If we are talking peanuts there shouldn't be many problems but for large sums expect to be scrutinized like hell.
I believe all our privacy tools are good only into the bitcoin world: if we do real p2p btc txs or if we use the LN, for instance. The moment we link that to the fiat world, unfortunately, all those checks are inevitable.
Exchanges do real-time monitoring nowadays and every tx is flagged: they mixed analytics services and chain analysis tools to understand where your btc have originated in the past. If there's no link between your documentation and their analysis, game over.
tl;dr Privacy tools are fantastic, but don't expect them to be useful when you want to cash out from exchanges.
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My Ignore list is empty. And always will be. It had r0ach in it once, and a couple of other users too, but I found that I occasionally unignored them to see what they were posting (yes, even r0ach), which negated the use of an Ignore list...
I do have an Ignore list, but it resides in my brain, and, combined with the scroll wheel of my mouse, lets me skip through the posts that don't interest me, while at the same time being able to peek for something important in them.
Having an Ignore list in BitcoinTalk is hard-limiting myself to the information posted, and letting a robot decide what I read or not read. I prefer to be exposed to everything and filter it out on-the-fly, on the basis of what is being said, not on the basis of who says it.
Brothers!  The same as you. Nobody's on my ignore list since a long time. I have a good eye spotting shit when I find it. I do recognize who are the ones worth reading and those I can easily skip. Paradoxically, the WO could be considered a sort of spam megathread but most of the users don't realize that what can be found here can be found nowhere. Most of you are truly helpful when sharing news, facts and figures with us. I guess we have a thousand lurkers but many are afraid to post here. They are probably in awe of your powerful magic.  |
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There is an unconfirmed report that Risto Pietila has died. By his own hand, people are saying. More if I get it.
We often speak of Bitcoin mooning and I sometimes wonder how managing an enormous newfound wealth might inevitably impact my life and mental state. A slippery slope no doubt This is it for me too. I am developing a strategy to keep sanity every new 10k increase or so. Bitcoin became something too big in my life, I did not expect it to be this way but, as I said, this is it. Now I understand when they say "with great power comes great responsibility". Confession I recently lost more than 10 btc. I am not disclosing how that happened, still makes me mad. This has been haunting me for the last two years. I am slowly re-building my bitcoin wealth by stacking as many sats as I possible can and exchange my leftover fiat at the end of the month. This is the reason why you will see me changing my avatar from time to time as I join sig ad campaigns. This is where I stand today, feels good to have finally shared my story with you. Closing like Jimbo would do: Go BTC go! Stack those sats !! But recently or a few years back? (Losing 10 coins?) It happened roughly between October 2018 and June 2019. I am no trader and did a mess to try to use altcoins to grow my BTC wealth. I believe the stupid poker player attitude assaulted me in the making. BTC price was not this high and I kept saying to myself I could have turned my luck back on my side again. Kept on losing BTC until I stopped. It's over now, I hope I learnt from it. I would like to thank all of you who contributed lately to the discussion (can't give anymore merits, sorry  ) It was terrific, indeed. I will leave what I found meaningful here and there also for my personal record. Much wisdom and more importantly in my opinion..empathy shown over the last pages WO's. This is why I hang my hat here. Just wanting to offer an alternate view from someone who engages in a lot of self-introspection and has had the benefit of gaining tools to help me cope with life and the human condition. yeah never forget where you came from, you could find yourself right back to where you started. in my case being poor back in the day. paycheck to paycheck? that was paradise, i usually was out of money a day or two after payday.. dark times and mainly my fault.
Money wont change the essence of the person, at best/worst it will amplify it.
If someone is already an asshole, in all likelihood they just become a rich asshole. Preserving/increasing wealth is a job in itself that requires some skills and dedication, otherwise easy comes easy goes. And, last but not least, Jimbo's poem here https://bitcointalk.org/index.php?topic=178336.msg55094784#msg55094784Go BTC go. Thanks guys! |
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I think open finance and stablecoins are key for mass adoption of Bitcoin, because stablecoins and decentralized exchanges are the lubricant required to frictionless interface with the billions of people that could benefit from it. But building infrastructure takes time, and margin trading is the spark that ignites the rapid development of an open finance ecosystem.
This! Like bitcoin took a long time to being developed and launched I would say the same should happen with these new advancements. Ethereum has accustomed people to think that with a few line of codes one can create a bank, a casino, a stock exchange and so forth. Being Bitcoin the most secure protocol out there we need the best infrastructure for this new DeFi world too. When we have that, there are no enemies anymore. Very excited about all this! I am not able to read code, as I am no programmer but will follow this closely and see how I can help. |
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There is an unconfirmed report that Risto Pietila has died. By his own hand, people are saying. More if I get it.
We often speak of Bitcoin mooning and I sometimes wonder how managing an enormous newfound wealth might inevitably impact my life and mental state. A slippery slope no doubt This is it for me too. I am developing a strategy to keep sanity every new 10k increase or so. Bitcoin became something too big in my life, I did not expect it to be this way but, as I said, this is it. Now I understand when they say "with great power comes great responsibility". Confession I recently lost more than 10 btc. I am not disclosing how that happened, still makes me mad. This has been haunting me for the last two years. I am slowly re-building my bitcoin wealth by stacking as many sats as I possible can and exchange my leftover fiat at the end of the month. This is the reason why you will see me changing my avatar from time to time as I join sig ad campaigns. This is where I stand today, feels good to have finally shared my story with you. Closing like Jimbo would do: Go BTC go! |
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~snip
Alright what this is all about, really? I've known Rootstock for a while now so I'm really curious. Posting here so that I can monitor the comments from the community. I am not willing to concede smart contracts to Ethereum. We invented them, they are ours.
Bold.Same here, commenting the post to follow closely. Clearly this is not some noob work, there is something more than meets the eye behind all this. Sometimes this forum can amaze me like the old times. Don't disappoint me |
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Good read, thanks for sharing. Interesting regarding the different kinds of inflation (measured in luxury goods and assets inflation is clearly already there). Printing yourself out of dollar debt through a soft default is a ‘luxury’ the US has, but be aware other countries with a debt in dollars can’t. It is going to be ugly, whenever those seemingly unavoidable days come. These winklevoss guys get more outspoken now things are getting ugly: Even before COVID-19, and despite the longest bull run in U.S. economic history, the government was spending money like a drunken sailor, cutting taxes like Crazy Eddie, and printing money like a banana republic.
Imagine the day when they both will be running for the United States Presidency! One will be the POTUS and the other his vice. How hilarious this would be? If it will ever be, remember you read it first here on the WO, the most informative thread of all bitcointalk. |
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@Avery_39
If you go by using mixers I strongly advise you to use .onion addresses. Tor works in a way that if you request non-Tor websites you will have to trust the Tor exit node to give you the right (or wrong) site encrypted status.
Long story short: when using mixers (or anything on Tor really) make sure you always connect to .onion addresses. This way you can rest assured that your connection with whatever service is, at least, encrypted.
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Bitcoin was by far the best technological achievement after the Internet. Alongside the web, Bitcoin has been seen in many different ways by the people. Now, the role of Bitcoin as the new leader of the financial world is inevitable.
Personally I feel like BTC will be my personal insurance policy for the future and I don't care about its image anymore.
On your thoughts regarding the USD I wouldn't be sure about the dollar keeping its role as a global reserve currency. Things are escalating quickly.
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Congratulations Toxic, about time..!
I second this! Well deserved! Keep the charts coming but don't forget the trains, rockets, spartans and such! We need all this. * BobLawblaw yawns and pisses in the general direction of ignored users   snip Mic, it shall pass. Don't get upset |
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Take some goddamn responsibility for yourself. That was the original idea.
Most of the people I introduced to Bitcoin now turned defidiots, icomonsters and such (90% of them). Why? Because most of them don't understand Bitcoin! They only want to get rich quick. Dear gentlemand, only the minority shares our crusade over being the master of our financial wealth. Most of the people deserve to be on the legacy banking system which will keep ripping them off. |
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It should be clear by now that the USdollar is just paper. People are getting that the game is rigged since its inception: a monetary system which is inflated at whim will be beaten by a monetary system based on game theory, economic incentives and controlled supply.
A case for $500K USD per BTC is possible not just because Bitcoin is far superior but probably due to the fact that the USD will depreciate over time.
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In my start post I was show a private key -base point-public key and address with 1000 BTC.  Well you have the private key, go sweep the 1000 BTC then. This private key for different base point !!! Need someone who can make a code for find privkey for legit base point this info about this modified base point, and legit private key for this modified base point. With 500 BTC any of us can be a king of some African country. Yes, if someone disappointed, and not thant get any btc from block chain this is mistake for future all life for him. So, lets make a code and go, Brothers !!!! I can provide more examples of privkey+basepoint+pubkey's !!! I gave you a bit of credit, but I lost you at the king of some African country part. /s Have fun cracking private keys with your script, if you are super lucky you might unleash satoshi's wealth. And then you would be the new king of bitcoin. In the meantime read this https://www.quora.com/Is-it-possible-for-someone-to-guess-a-private-key-to-a-Bitcoin-wallet-and-steal-the-coins |
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Just in case you want to follow Jerome Powell sending USD full brr and full inflation: https://www.youtube.com/watch?v=Eig-NOwTpboENDED NOW. First reaction. They are crazy. They are focusing on unemployment. Letting inflation running high to "help" lower wages labourfoce to find a job. This is nonsense, they get slaughtered by inflation in the meantime. EURUSD, XAU and BTC all going the same direction. They are trying hard to clean the debt shit they created. Now watch out for interest rates, it's going to be a bumpy autumn. Don't get me wrong guys but I think bitcoin could suffer a bit from this in the short term. But in the long run we are moving as planned. Fireworks ahead. |
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Never used coinbase here but I am with the company this time. It was such a a big pain to follow and implement all those useless forks (ok, many profited from them but that's not the point). The thing is simple, if one decides to use coinbase or any other centralised service this is what he gets. Their house, their rules (or their keys their coins, hence their responsibility).
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