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201  Bitcoin / Development & Technical Discussion / Split blockchain download in different devices on: January 26, 2023, 05:09:09 AM
Let's say you have 3 drives X Y Z

X has 100 GB of free space you would be ok using for the blockchain
Y has 300 GB
Z has 100 GB

Would it be possible to tell the client, "allocate 100GB to X, 300GB to Y, 100GB to Z" and have the files downloaded and verified in the right order?
And you could just keep adding further drives in case you ran out of space. Right now if you run out of space you have to buy a bigger device that allows at least 500GB at least once in case you used pruned mode, but for someone that wants to keep the entire blockchain this would be good. It would also give some usage for smaller drives you don't use much.
202  Alternate cryptocurrencies / Altcoin Discussion / Re: Can bitcoin compete with CBDC's? on: January 26, 2023, 05:01:58 AM
Bitcoin = bunker where you store long term savings
Bank with CBDCs = pocket change for fast spendings

Of course, I would tell moonboys to look into proper index funds as well for long term savings and don't go 100% BTC for long term savings. And definitely think twice before thinking about any altcoin as something you would park money long term.
203  Bitcoin / Development & Technical Discussion / Re: Risk of jail for developers. Should you be anonymous? on: January 26, 2023, 04:57:42 AM
I was looking at Christine Lagarde's latest remarks on CBDC's and it seems pretty clear to me that the agenda of banning cash and then replacing the euro with the "digital euro" is now unstoppable, which will for sure make the Bitcoin price go up. However, it basically means that if you are supporting BTC, you would be developing a tool that "enables money laundering, terrorism, etc" and challenges the CBDC monopoly.

How realistic is it that public figures would be facing charges in the future? As a developer, should you remain anonymous? At the end of the day satoshi knew he was going against the status quo and managed to stay safe, however, what about all these doxed developers? I can see how they'll look on github and try to hunt contributors. We are facing a scary future. It's better to say steps ahead and plan accordingly. Someone with resources probably could move jurisdictions before it's too late but what about the rest. And even if you could move you could see yourself in an Assange situation trapped in some embassy. I would like to know if developers here think about this at all and what is your escape route if shit hits the fan.



Before any government could parade you then you must have done something that's incriminating and this case it's simple that the developers ain't doing anything that goes against or is inimical to the next neighbor.   For example; would the government go on to press charges or arraign a cooperate organization that's producing guns all because someone on the street use(bought) a gun developed by the company to murder somebody. I don't think so! So the issue of money laundering and terrorism is far fetched to be a problem from developers corner but rather a choice of users.
So I don't see reasons why crypto developers should hide for anonymity except the CBDC are nurturing an ulterior different from what you're making, perhaps to get ride of competition totally from the market.


A government can legislate that developing "cryptocurrencies" enables money laundering, terrorism and whatnot, and suddenly any developer is under threat ot being arrested if they are not anonymous. Of course any developed democracy would need to go through various proceedings to get such a thing done, but it's not impossible, and it's definitely possible in totalitarian regimes like Russia, China and whatnot (not to mention North Korea, where I sometimes cannot even fathom this nightmare state actually exists)
204  Economy / Economics / Re: Is renting an inevitable waste of money? on: January 25, 2023, 03:41:04 AM
The question is probably the opposite: is home ownership a waste of money?

Unless you know for a fact that you are going to live on the same spot for the rest of your life, then what's the deal? if you just want to invest in real state, you an invest via REIT index funds. By having to manage homes you lose your time and time is money, not to mention unpredictable costs of maintaining said homes. Sure people will always need homes and im not saying real state isn't a good investment, but I like other alternatives and the freedom that renting gives you in terms of easily moving and changing tax residence if needed without leaving anything behind that may tie you to the previous one.
205  Bitcoin / Bitcoin Discussion / Re: Its safe to say Bitcoin has recovered all it's losses since the FTX collapse? on: January 25, 2023, 03:33:50 AM
Im not sure since there is too many moonboys still calling for "this is the last chance 100k now" moves everytime it goes up. I feel like we haven't capitulated properly yet to call a bottom. It's not clear if the FTX related losses are gone due all the leveraged money in there. FTX has too many tentacles to know for a fact.
206  Bitcoin / Legal / Re: Argentina to Pressure Citizens on Declaring Their Crypto on: January 25, 2023, 03:26:00 AM
Argentina is an hyperinflationary clusterfuck. If there is a place to never declare your Bitcoin is in places like Argentina. The speed at which your money loses value is insane in there. It's not as bad as in Venezuela but it's already so bad that it doesn't matter. Just save as much as possible because there is not an investment but a necessity. As more currencies experience this the value of Bitcoin will go up.
207  Bitcoin / Legal / Re: How does the IRS look at anonymous bitcoin? on: January 25, 2023, 03:14:28 AM
If memory serves me correctly, they have their own blockchain analyzer and tracer.  However, something like Wasabi Wallet might make the IRS's job a bit harder and keep them a little more honest perhaps.

I've also been wondering, how do they look at these millionaires who cash out from before KYC was a thing?

These millionaires have lawyers and tax advisors on their payroll, who provide them with solutions to what you are talking about. Instead of asking in a forum, they ask their lawyers about the doubts you mention.

Besides, you are taking a lot of things for granted, which need not be the case:

The gov going to arrest them because they cant prove how they bought them?

Not in all cases are millionaires going to be unable to prove that. And in any case, most of them legalized their situation long ago, not now. Look at the Winklevoss twins for example.

Yeah I mean if crypto makes me a millionaire I'd be sure to talk to tax lawyers if I wanted to stay in the US. There is no point right now as I'm probably at a huge loss. However, from the sounds of it, it sounds like the gov is literally out to try to get you even if you do that. Like face the risk of hiring a lawyer and getting charged and possibly convicted of something anyways so is it really even worth it? Moving to another country would suck but at least you'd be free from unfair tax laws from a literally evil government that tries to punish you for doing the "right" thing and being law abiding. Since having private bitcoin isn't illegal, nor is not saving receipts of purchase.   

And I was under the impression a lot of bitcoin out there is still in the unknown. As in there are holders of it who have not revealed they own it. Is that really all a thing of the past? I heard that some years back that a lot of bitcoin addresses are held by unknown entities and have been holding from 2013? or something like that. Ancient whales or something. So like some of it is probably people who could have mined it on a laptop or something, or maybe bought and literally forgot about it until recently ish or something idk. I was under the assumption it's still a thing. Idk if most of them revealed themselves when it went up to 60 70k? Idk. Like I feel like there are tons of people who didn't cash out because it didn't make them rich, just like bought a small amount or just a few bitcoins when it was cheap or something long ago, and are just waiting till it reaches a mil. Idk. What metric can we use to measure that?

Many of the the "ancient whales" renounced US citizenship years ago and moved elsewhere. The thing is, back then it was less common to keep track of stuff, so I guess they would bother less about it and understand that Bitcoin "wasn't a thing", but right now they have Chainalysis and all that stuff, so depositing any mixed coins in an exchange is already a risk as you could end up with frozen funds.

I would look into what is the best move before doing anything tho. If the coins aren't tied to any KYC actions then you have all the time in the world since no government will know unless you say so. Once you claim you have bitcoins there is no way to undo that, they already know, so you must have a plan.

If you were in the EU it would be easier to move elsewhere, but IRS is another story.
208  Bitcoin / Legal / Re: Non-KYC BTC to fiat process on: January 25, 2023, 03:06:00 AM
From what i've read EU is more strict than the US when it comes to proof of ownership or however they call it. Point is, in the US, i've read you can pretty much safely deposit your stuff in your bank account and as long as it's not some big amount you are good to go if you just pay your taxes.

Now in the EU it may raise alarms considering the funds come from a crypto exchange.
To be honest I don't know what to tell you. The problem with being honest with the government in cases like this is, you don't really know how they will react.
Who is to say that in X years your funds aren't worth enough to move to some tax haven where they will not make questions and just park the funds there. But if that is not an option and you need the funds now, you have no other options. Get an account in Bitpanda or Kraken or some other EU friendly exchange, liquidate the funds (as little as possible), pay taxes and hope there is no further questions asked.
209  Bitcoin / Legal / Re: Influencers, affiliate links and scams on: January 17, 2023, 02:13:12 AM
I doubt Gisele Bundchen or Floyd Mayweather know anything about crypto. They probably have a team of people that pick up marketing gigs for them, and they got told "this is the next big thing, get on it". And so they did, and they will pay the price.

These people probably have enough in savings to hire good lawyers and don't go bankrupt from this, but lower level affiliate marketers like Bitboy could get wreckt in a class action lawsuit if they aren't careful with what they promote.
210  Bitcoin / Development & Technical Discussion / Re: Risk of jail for developers. Should you be anonymous? on: January 17, 2023, 01:47:36 AM
However, it basically means that if you are supporting BTC, you would be developing a tool that "enables money laundering, terrorism, etc" and challenges the CBDC monopoly.

How realistic is it that public figures would be facing charges in the future? As a developer, should you remain anonymous?
It doesn't actually mean that and I highly doubt that in near future governments will declare all crypto developers as supporters of terrorism and money laundering. Also, development is highly paid job all around the world and even if you have problems in your country because you were supporting the btc, I think you can easily move in different country where US and EU laws don't apply, countries like Iran, Russia, Belarus (probably), North Korea.

And even if you could move you could see yourself in an Assange situation trapped in some embassy.
I think that anyone can feel safe from "some embassy" in the countries that I listed above, . Also, I believe that you can feel pretty safe in some other corrupt countries. And again, there is no way bitcoin supporters will be claimed as the supporters of terrorism and money laundering, I think that you panic a little there.

I do believe first world western democracies could be able to come up with measures that may sound totalitarian in todays standards, but the countries you have listed offer less life quality than if you were to find yourself in a first world jail.
211  Bitcoin / Bitcoin Discussion / Re: Bitcoin developer @lukedashjr's wallet was hacked on: January 17, 2023, 01:38:45 AM
It's safe to assume that using Monero (or any other "anonymous" coin) would indeed put you on a list of someone that is interested in obfuscating their finances for whatever reason. This isn't 2015 anymore guys, governments aren't dumb, anyone that is crazy enough to send Monero to an exchange without at least using some precautionary measures is asking for it.

If you're cashing out a significant sum of XMR through a KYC exchange for fiat, then yes, you want to have a legal reason for doing so. However, there are tons of alternatives these days. You can even buy gift cards with it now. If privacy is your goal, BTC doesn't hold a candle to XMR. There's a reason why the largest darknet markets don't support BTC as a payment option anymore.

Anyway, anyone got any news? last I've heard is hackers were chipmixing the stuff:
https://twitter.com/ErgoBTC/status/1611169585457238018

What's even crazier than using Monero is using a mixer. My bet is all mixing processes will be totally deanonymize-able before the year's end.

It is also somewhat remarkable that ChipMixer has still managed to evade sanctions.

The fact that you have to resort to gift cards and so on just shows that the niche cases for XMR are very limited to small amounts basically. So if you are XMR rich... then what? you cannot improve your life quality. You have valuable 0's and 1's, but that's about it. You need a friendly jurisdiction to convert this into tangible things without ending up in jail.

Bitcoin provides a lot more leverage with governments since it's not "anonymous by default". And thats for now. I wonder what governments will think of Bitcoin in 10 years. If they end up banning it all, there will probably be an huge black market that has replaced the ban on physical cash, as well as some land distant jurisdictions in which you can fly and establish your finances which will be wiling to operate with BTC derived fortunes. Other than that, I think all cryptos are going to be in trouble in most mainstream countries in the future.

As far as Chipmixer, not sure who runs the service but probably everything is hosted somewhere safe from regulations that could have an impact on it and he remains anonymous. If he has everything set on point it will be difficult for them to get it done. Max they could do right now is probably block it ISP wise but anyone that uses Chipmixer already uses Tor/VPN by default so no one will even notice.

It's safe to assume that using Monero (or any other "anonymous" coin) would indeed put you on a list of someone that is interested in obfuscating their finances for whatever reason.
Maybe that implies for anything privacy respecting nowadays. If you're caught to using Tor Browser, you're put to the "weirdos" list. If you're caught to install Tails, you're suspicious. If you're caught to use protonmail instead of gmail, weirdo! LineageOS, or any other privacy focused mobile OS instead of iOS / android, real freak.

If you're caught to selling XMR to a KYC-ed exchange, you need an unusual reason as justification, because it sounds really dumb.

Agreed, but using protonmail, Tor or even Tails, is not at the same level as using XMR. At the end of the day, the number 1 target for governments is tax evaders, this seems clear to me and I think to anyone that has some life experience. They want their cut and that's how it is. If you go into an exchange and do some crypto stuff that has XMR in the mix to boot, this will raise more alarms than the other examples you provided.
212  Bitcoin / Development & Technical Discussion / Re: Miner activated hard fork (MAHF) on: January 17, 2023, 01:31:29 AM
You need consensus from several parties for people to follow your HF.

is that not tautological though? "people will agree with you, but only if they agree to it"

any miner can "activate" or "lock in" a hard fork, such expressions arguably only serve as rhetorical devices, i.e.

  • bitcoin devs looking to reach consensus with users can use these sorts of words to make it sound powerful / empowering, to breed confidence
  • a hostile fork could equally use such language to scare users into believing there's no escape from this strong, unstoppable force

in other words, it's marketing/PR when anyone does it really, or at least it's become that way

as everyone says though, a miner unilaterally hard forking may find themselves mining an increasingly lonely blockchain.

Everyone will try to use their weapons to persuade each other. From their respective POVs:

Miners: "We have the most hasrate, join us or you will be transacting upon a less secure blockchain."
Devs: "We are the most technically competent developers, join us or you will be transacting over less secure code."
Exchanges: "We have the most liquidity, join us or you will not be able to buy/sell."
Hodlers: "We have the most funds, join us or we will rekt your shitcoin by dumping our split shares into your fake Bitcoin."

And so follows.

The fact that is so incredibly complex that somehow everyone agrees mutually makes Bitcoin a very solid protocol, probably immutable by now and thus valuable for anyone wanting to park money in there.
213  Other / Meta / Re: Cybersecurity subforum on: January 11, 2023, 03:31:20 AM
The fact that Luke Dashjr got 3 $million worth of BTC hacked made me remember this thread. If someone with such level of expertise gets his networth hacked, it proves that cybersecurity is a crucial subject in Bitcoin and there should be a sticky guide about it, since a lot of people would find this forum when starting.

It also proves Bitcoin is not ready for prime time when it comes to self-custody of funds. Most people would probably be safer leaving it on a regulated exchange or buying through an ETF than exposing them to potential hacks unfortunately.
214  Bitcoin / Bitcoin Discussion / Re: Bitcoin developer @lukedashjr's wallet was hacked on: January 11, 2023, 03:27:13 AM
It's safe to assume that using Monero (or any other "anonymous" coin) would indeed put you on a list of someone that is interested in obfuscating their finances for whatever reason. This isn't 2015 anymore guys, governments aren't dumb, anyone that is crazy enough to send Monero to an exchange without at least using some precautionary measures is asking for it.

Anyway, anyone got any news? last I've heard is hackers were chipmixing the stuff:
https://twitter.com/ErgoBTC/status/1611169585457238018
215  Bitcoin / Development & Technical Discussion / Re: Miner activated hard fork (MAHF) on: January 11, 2023, 03:10:08 AM
You need consensus from several parties for people to follow your HF. I don't think miners can "activate a hardfork", if by "activate" we describe it as something that is actually functional (because anyone is free to hardfork at any time). So in practice, MAHF is not a thing. And I would argue other variants aren't as well. There is either consensus of miners, users and developers, or there isn't anything functional, the way I see it is that the method how it "activates" is not that relevant.
216  Bitcoin / Development & Technical Discussion / Re: Risk of jail for developers. Should you be anonymous? on: January 11, 2023, 02:24:37 AM
I also wonder if by being not anonymous you are more prone to hacking attempts. I mean the fact that Luke Dashjr got his coins hacked was pretty shocking to me. Im still wondering how someone that has such a high level of expertise got hacked, that im considering he got compromised IRL somehow.

Developer here.

However, it basically means that if you are supporting BTC, you would be developing a tool that "enables money laundering, terrorism, etc" and challenges the CBDC monopoly.

Bullshit. We would challenge such a notion in EU courts on antitrust grounds if they bring an iota of monopoly on the table.

That is how you use their own weapon against them.

Quote
How realistic is it that public figures would be facing charges in the future? As a developer, should you remain anonymous? At the end of the day satoshi knew he was going against the status quo and managed to stay safe, however, what about all these doxed developers?

They can't go after developers of open-source projects because the no-liability clauses protect them.

For example, if Tornado Cash developer was not involved in money laundering himself then the Dutch would not have a valid reason to arrest him (OFAC sanctions do not count).

But you are applying linear thought where the EU courts remain somewhat reliable against individual state rulings. Im talking about supranational laws that would apply all over the EU. Stuff like MICA applies on all members. They could just agree that Bitcoin posses systemic risk against the Euro or something along the lines, you know the classics (money laundering, financing terrorism) and ban it as well as prosecute anyone developing it. I know this sounds insane but im talking long term. In 50 years things can change a lot, what seems now impossible may become possible eventually.
217  Bitcoin / Development & Technical Discussion / Risk of jail for developers. Should you be anonymous? on: December 11, 2022, 03:45:54 PM
I was looking at Christine Lagarde's latest remarks on CBDC's and it seems pretty clear to me that the agenda of banning cash and then replacing the euro with the "digital euro" is now unstoppable, which will for sure make the Bitcoin price go up. However, it basically means that if you are supporting BTC, you would be developing a tool that "enables money laundering, terrorism, etc" and challenges the CBDC monopoly.

How realistic is it that public figures would be facing charges in the future? As a developer, should you remain anonymous? At the end of the day satoshi knew he was going against the status quo and managed to stay safe, however, what about all these doxed developers? I can see how they'll look on github and try to hunt contributors. We are facing a scary future. It's better to say steps ahead and plan accordingly. Someone with resources probably could move jurisdictions before it's too late but what about the rest. And even if you could move you could see yourself in an Assange situation trapped in some embassy. I would like to know if developers here think about this at all and what is your escape route if shit hits the fan.

218  Economy / Speculation / Re: Cathie wood says 1 btc $1m by 2030 how possible? on: November 25, 2022, 05:02:53 AM
Her funds have taken an absolute beating over the last year. What else can she say? She’s trying to reassure investors and she’s even been trying to raise new capital to start yet another fund. She’s putting her money where her mouth is though. Recently buying more Coinbase and GBTC for her funds. I think she’s in a difficult spot right now, but it seems like there will be better days ahead.

It may actually take people like her and Sailor to go bankrupt for real capitulation. Too overleveraged, too confident. These guys would take a beating if we have more FTX events (even more overleveraged players that run exchanges capitulating, which would hit these other people running funds). GBTC is (supposedly) backed by real BTC reserves so they should be fine, however I wouldn't bet on it.
219  Bitcoin / Development & Technical Discussion / Re: Bitcoin can be faster as VISA on: November 25, 2022, 04:54:48 AM
Changing these things on Bitcoin is like trying to switch a motor from a plane that is flying at full speed. The game theory involved requires that everyone is onboard. Many tried in the past and failed. The fact that you cannot easily change Bitcoin to "go faster" or "be cheaper" and whatnot gives it value since certainty has value even if at the cost of slower more expensive transactions.
220  Other / Meta / Disable links for new accounts on: November 25, 2022, 04:49:07 AM
I've been seeing stuff like this around:

https://bitcointalk.org/index.php?topic=5423058.0

Brand new accounts posting a clickable link with colourful and bold letters. I don't know what BitcoinSuprex is and im not accusing of scam or malware because I haven't clicked on the link or researched this, but let's say it is. Shouldn't it be at least more difficult for someone to post a clickable url link? This is common practice in other forums, and seems reasonable on a forum like this to be disabled until you have an higher rank than Newbie.
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