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I was out of arguments, almost accepted defeat and stompix came to the rescue.
Yep.
True decentralization is pretty impossible.
They’ll go after farms when everything else fails…
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The gubbermint: -Do not mine block #13123313123123, that is a federal order.
The miners: -Sir yes sir! You mean, "The mining pool: Yes sir!". As far as the miners are concerned, they're incentivized to mine on the most profitable pool, which is the one that censors no transaction. They only need to send the order to the biggest 3 or 4 pools and there goes your decentralized mining. The top 4 pools as we speak mine about 75% of the blocks. This means that even if 4 pools started censoring transactions based on federal orders, there would still be 1 in 4 blocks that would ignore all the censorship bullshit. And at this point, the pro-censorship pools would have just accomplished loss without censoring anything. True, however… Just like how they have been doing it with mixers, they’ll hunt down them pools which don’t comply. Where are they gonna host these miners their website then? On an onion domain? Good luck. They would be lucky if they could get 1% of the total hash rate then. |
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Mining is also supposed to be decentralized and yet, we see people closing down their farms... Decentralized means it keeps working after someone shuts down their farm. It is not decentralized if all the farms have to follow the same orders coming from a singe centralized authority, which is the gubbermint. The gubbermint: -Do not mine block #13123313123123, that is a federal order. The miners: -Sir yes sir!  https://hashrateindex.com/hashrate/poolsThey only need to send the order to the biggest 3 or 4 pools and there goes your decentralized mining. |
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You're probably talking about GitHub which is centralized and owned by Microsoft. How did Satoshi commit code during the first years? When did they start using GitHub? Although I suppose taking down Bitcoin from GitHub could be considered a violation of free speech... perhaps... I remember something similar about cryptography not allowed to be exported from the US back in the late 90s (Gene Hoffman had wrote a story about it). He found a clever workaround: https://hoffmang9.github.io/free-speech/the-history-code-is-free-speech.htmlGit is a version control software, I misused the word. I wanted to say “repository” and i believe sourceforge was the king shit back in the day. I can’t really remember but bitcoin code was hosted on sourceforge at first then it was moved on to github. There was another drama about it which I can’t really remember its details. SourceForge is a web service that offers software consumers a centralized online location to control and manage open-source software projects and research business software. https://en.wikipedia.org/wiki/SourceForge |
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If you observe the "posts per month" graph from ninjastic.space, it's clear that the mixer ban isn't the reason for the decline. The Mixer ban started from the end of 2023 to the beginning of 2024, while the decline began in 2022, and probably even earlier. Nowadays, there isn't much hype and discussion on altcoins, bounties, or ICOs, which were the sources of posts and discussions. When was the last time you remember new projects worthy of discussion? Lately, there are only meme tokens that serve no purpose and offer no extractable knowledge.
This. Pretty much nothing left to discuss other than the price maybe and I feel like even that’s not interesting anymore because we don’t see the huge market moves very often like we used to. We reached to the point where adding more tech is creating more problems instead of solving any. We have seen it with the ordinals recently. It solved nothing but increased the fees which benefits nobody but the miners. |
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I suggest that Bitcointalk ban all Defi platforms as soon as possible, and wordfilter their domains, why wait for a verdict and risk the forum being identified as a place where such services are desirable? DeFi was supposed to stand for "Decentralized Finance". If they can be shut down, they're not decentralized and don't deserve to use that name. They can’t shut the platform down however they can always catch its devs and punish them. If btc becomes a problem in the future, that’s exactly what they will do to btc. (The other possibility is that they already have the btc devs on their payroll, which is not a small possibility imo) When you connect to the internet make commits, push code to git, promote your service etc it is damn hard to stay anonymous for a long time. maybe you can stay anonymous against average people but we are talking about the gubbermints which own all the infrastructure. If they wanted to know who you are, they will know it and that’s all they need. |
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And we still expect to see mass crypto adoption… this is another example that shows us why it is still an unrealistic expectation. Imagine grandpa’s and grandma’s guarding their own private keys. “Priv wot? Get tha fuckoutta here!” Legacy banking/custodial solutions will always be the only choice for these people Old people (and some younger people too) get scammed through (internet) banking too. They fall for phishing emails or phone calls, and their money is gone. Physical money has a much better "user interface", and even then I've seen scams with "money doublers" in real life. The dude don't even realize that he should have kept his priv keys secret. Back in the day there was a wallet service, maybe it still exists haven't checked, "my ether wallet" or some shit like that and you needed to enter your private keys on that website to make transactions with your funds. They were offering somewhat other "offline"&"safer" solutions too as far as I remember but I was shocked when I saw it for the first time. The more shocking thing was that every user of MeW was taking that like it was the most normal thing with crypto. I see many similarities with MeW and what happened to OP. The difference is, MeW was the most normal thing years ago. Enter your priv keys on MeW! It is safe and sound  If crypto ever gets adopted by the masses, probably 90% of the population won't use it as they were supposed to. |
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Who is going to issue that decentralized currency? The Central banks? You don’t seriously expect them to give up the biggest power they wield willingly don’t you? Because it would be the same as expecting a king to abandon his throne. People still don’t get it. Nobody’s going to give you freedom. if you want it, you need to fight for it. You need to pay a price and sometimes that price is your blood. If you sit in your home and expect things, all you get will be more oppression, more KYC…
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I don't believe we should have a fiat mindset when it comes to Bitcoin (or any other deflationary currency/asset).
People expect to get 4% interest rate from a bank, because the central bank prints more money out of thin air if you "stake" your fiat money for 1 year.
Where does that 4% come from? BTC currently has an annual 1.8% inflation rate that is expected to be cut in half in 1 week.
Not to mention that there is no a central entity (central bank) that prints new Bitcoins, but various competing entities (mining pools).
True, I was thinking about that too. That 4% min interest rule should only apply to FIAT based investments. It is still a good investment if you are getting 2-3% btc passively from your investment because BTC is deflationary and in the long run it way outperforms the inflation rates and that 2% will be the icing on the cake. I should probably modify my OP according to this. Having a track record of 10+ years doesn't tell me much... what will happen if everyone tries to withdraw their money from freebitcoin? (bank run scenario)
In fiat/commercial banks we know there's the lender of last resort. They will print money out of thin air (ECB/100k, FED/250k per depositor) to bail you out (which will of course increase inflation).
I think most of these services are elaborate Ponzi schemes. It's all fine and dandy if they don't experience mass withdrawals.
I'd be very careful and wary with "Bitcoin banks"... especially if they haven't published Proof of Reserves.
You can't make any investments if you follow that mindset. People who built freebitco.in could have held btc instead of building that website but they haven't... Obviously you shouldn't be holding too much on any of these websites but sometimes it pays to take risks. |
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Aah the United States… the big country on a big continent full of British, African and Spanish prisoners/criminals… https://mises.org/free-market/founding-fathers-smugglers-tax-evaders-and-traitorsDuring patriotic holidays, the news media applaud the Founding Fathers. But rarely does anyone mention some important facts about them: that they were smugglers, tax evaders, and traitors.
The Revolution is often said to have begun in 1775 at the Battle of Lexgton. In truth, it began in the 16th century when the first colonists began traveling to the New World.
…
Many of these tiny, primitive vessels went down, yet as the years passed, more and more colonists risked their lives to make the journey.
Why? What in Europe could have been so horrible that rational people would risk their lives and their children's lives to escape it?
Socialism. It wasn't called socialism in those days, but that is what it was—unlimited government control and taxation of everything and everybody. There were no free markets and no free enterprise. Regardless of how honest or hard working a person was, it did him little good unless he was in bed with the government.
…
Where are we running to next? Another planet? Elon??? No, nowhere to run this time. Either there will be a huge civil war and people who demand freedom will fuck these retards up or… we will suck it up like we have always been doing for the last 100 years |
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Check out bisq. https://bisq.network/I installed it few days ago and monero was the most traded coin on that platform. (More than ~100 offers were present where ltc only had 4-5 offers) No KYC, decentralized. Exch is a good alternative and comes pretty close but the difference is, exch might be gone tomorrow, bisq will be here because every user is also a host. They can attack one person but they can’t attack us all. edit: people were trading their btc for xmr though. Maybe convert your ADA & ETH to BTC first but still, eXch would be more convenient in your situation. |
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This is so unfortunate. I suspect that non-KYC exchanges and other custodial services will be targeted next.
That's obviously where we're going... I've observed that Theymos have made several irrevocable decisions without remorse and this, is just another one. We, Bitcoin entirely didn't come this far just to amend the system in a way they could inject thier spywares to surreptitiously monitor people's asset. So the worst is about to happen!! Let's have it. Enforced KYC on the exchanges No meaningful DEX other than bisq which has near zero activity Mixers shutting down and getting banned Even the crypto only casinos added KYC in their ToS which is weird (like some government suit contacted them all) Soon we'll have to enter our National ID number every time we go online.  The only way to get out of this mess is mass cooperation and it ain't happening. Here are the 2 main problems have: 1- We all connect to a domain which the government provides. (Nobody's using .onion domains, maybe it is time to go underground eh?) 2- No business can survive without paying their taxes They own the infrastructure, they own the businesses. Nowhere to hide. |
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Will the gambling sites/bookies will have an impact on this situation?
If things escalate further, that's a good possibility. However it doesn't look that way since yesterday. It looks like Iran has been cooled down. If they go full retard on Israel, they might harm them a lot but in the end Iran will also get wiped out of the map because Israel and their friends will hit back. Then Russia will also step in. In this picture the only winner would be China probably because they never get involved directly. If you study some history, you'll see that China has always been like that. Now Iran knows that too and that's way they don't want to be the firestarter. |
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Let me get this straight, From the time you had an issue with them back in December last year, they never bothered to reply to your messages or help you resolve the issue or is this a fresh problem that needs another form of support? Nope, same problem from December, been trying everything I can and absolutely zero responses. You might wanna create a scam accusation thread if you still don't get any response from the manager. https://bitcointalk.org/index.php?topic=260073.0Read this topic first, gather your evidence and post them in the right format. That should ring some bells. edit: that's if you are getting scammed of course. If there is some other issue, that's unnecessary. |
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Ripple Labs is a company and it controls a large portion of the XRP supply and the XRP Ledger, XRP's underlying blockchain technology.
Ripple Labs could use this control to censor XRP transactions, change the rules of the XRP Ledger network, and manipulate or dump XRP on the market, causing liquidity to drop and the price of XRP to fluctuate or crash. Ripple Labs has said XRP's total supply is fixed at 100 billion XRP, but it is possible for the company to change it in the future. First of all, ripple is not even a crypto currency. It is a centralized database. It doesn't deserve to be listed on any crypto currency exchange but for some reason everybody's pretending to be stupid. Ripple uses some cryptography in its platform no more than banks use cryptography to secure their customers' passwords. This forum uses cryptography to hash users' passwords too but binance don't list btt usernames as tokens on their platform. |
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In a WWIII scenario neither on of them will matter. You gotta have lots of clean water (preferably a well), dry food, shelter, bullets, 4x4, bunker, fuel, gas mask... and all these should be way away from the city center otherwise the mob will take it away from you. If you think you are John Wick and can kill them all, I can't argue with you however I know that we won't be having any functioning financial markets. Everything will go down very fast the moment the first nuke leaves its silo.
Bitcoin? Don't make me laugh.
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Reference “Just woke up and realised I got liquidated overnight. I was 3x long PEPE. I lost everything I had. I don’t even have $1000 in my bank account but had $1M in Binance. I have been in crypto since 2017. Today I lost everything,” he posted. Play stupid games, win stupid prizes. He was long... on PEPE which is the shitcoin of all shitcoins. It is the same thing as playing dice on your favorite online casino, with leverage. What was he expecting? Markets go up, he wins, markets go down, he goes bust. Hopefully he didn't make that $1m from spot trading. Otherwise that would have been even sadder. All that hard work gone in a matter of seconds. Huge market movements like these delete all these fools from the game. |
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In addition to above, theymos, isn't the initial purpose of banning mixers to protect the forum from goverments persistent prolific attempt to shut down money laundering activity? Thus, it can be derived that mixers banning are due to their close relationship with ML and other criminal uses.
On this case, Jambler actually do the exact opposite of mixers in the sense of laundering money; receiving tainted money and sending them all clean and shiny. Jambler do a Blockchain check prior to accepting transaction. When the result come negative, they reject the transaction and return the fund to the originating address, ultimately fighting against money laundering.
... Am I the only reading that they perform blockchain analysis to prevent investors from scamming Jambler? /become-seller.php]This stage makes it possible to terminate attempts of unfair investors to use an investment admittance as a mixer in order to clear their money and gain profit at the same time. Examining coins to check that the investor doesn't try to cheat the system, and examining coins to avoid receiving "tainted" coins are two different things. F daym. Gimme my 10 merits back. I am scammed. *Just joking. I thought you were right for a moment till I read BlackHat's post and I guess he is righterr. |
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Good. “I don’t care” is the leading answer in the poll. That’s how it should be. The last time when the world was ending it costed me an arm and a leg. I ain’t paying shit this time. Iran is a dog that barks but can’t bite anyway. It is all an act.
Think it like this:
If the world ends, we all die. So it won’t matter what asset you have anyway. If not, somebody somewhere will need your crypto.
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