A true decentralized exchange cannot be shutdown by authorities. I mentioned one, maybe there are more, i don't know. To use that one, you become a node for the time you are using it, that node runs in the Tor network, not the clear internet, so you cannot be identified unless you yourself want to reveal personal info, which is a problem when it involves fiat.

True DEX is like Bitcoin, decentralized, p2p. Most "DEX" simply let you bring your own wallet instead of being forced to use theirs, which is why they are not truly decentralized as they claim.

It is also technically possible to exchange some coins directly, ie. Bitcoin with Litecoin, directly within wallets, after they both adopted segwit. This i have yet to see in practice, but its theoretically possible, just needs wallet support. So intermediaries like McAfee wouldn't be needed at all.

Indeed. Social media is worthless for measuring adoption. You should at best check blockchain movements, basically the number of transactions to know if people are using it or not, which by the way, is unrelated to people holding, those coins are not expected to move after they land in their cold wallet, for a long time.

Also Twitter is not the world, many people don't use it, i certainly don't except rarely to read some important people comments they don't make elsewhere.

Finally Twitter now belongs to someone who is trying to launch his own coin. Conflict of interest? Remember when that same person banned Bitcoin from his other social media outlet? Its best to disregard this "data" completely.

If you are a cryptographer you must have known about this way before most "common folk" that recently panicked over this "news". I do not believe what they say that Satoshi did not know about this, i'm sure that was discussed back then, i certainly knew and i am no cryptographer or cypherpunk tho i did read their writings from time to time.

This was very theoretical as you say, and people were already writing programs that would run in these theoretical machines, years later there were even simulations with classic computers (which of course were way too slow but they were just testing concepts anyway).

Well this was years ago, and time didn't stop. If google didn't mention a thing (like IBM), did you think no advances were being made? I clearly remember when the first few qbit machines started becoming operational, but of course almost nobody knew what that meant...

But here, years later, you bring the exact same excuse. Its still theoretical, lets wait. Actually, the wait is over, the writing is on the wall. Panic is for fools, there is still time to act, but act you must, not sit still and wait the next decade to learn that, sure, some agencies already are decoding everything online.

There are proposed mitigations to improve Bitcoin resistance to quantum attack, those should be revisited, now that there is time, and not wait for later.

We are still too far from quantum crypto (hardware unavailable to the masses), but even that should be considered. This is the solution to quantum breaking crypto, this side most people don't know a thing about either. But in the meantime, those (classic computer) algos that make it hard for quantum attacks, should be implemented. Transition times indeed...

Can you find the official position of your government regarding this matter first? Then you can plan on what to do next. For example, if the official position is i favor you could denounce this bank for going against government policy.

I see your country also does widespread internet censorship, tho mine has so far only done it to political dissent and porn. Thankfully not against Bitcoin. Do remember that guy that made a Bitcoin cafe in a country where Bitcoin is forbidden, its only to promote but not actually use it while the law remains.

I also see other posts saying your country is embracing Bitcoin, so i wonder which is true. Get some official facts first, as you have access in your own language that we just don't.

If you go with t-shirts, do remember you can order print them, with say, a qr-code of your address. I wouldn't bother with Ethereum, they are a bad example for the community (infamously reversed transactions, if they have this power, they can (ab)use it again...).

Its not about blockchain, a blockchain alone cannot do what Bitcoin can: Separate money from the State and private entities, a free coin.

You forgot the most important: Youtube monetization. Why not post the 8 points clearly in text here but force people to watch a video? That. Of course, Youtube doesn't actually pay with bitcoin (would be great if they did but...).

He could also add MLM and scams in there, hey, it technically nets you bitcoin right? If you don't mess, just like gambling. Too bad the vast majority does, but every click to watch the video counts... The only important goal is to somehow make people click to it, no matter what.

PS. I did not watch the video and always remove links to avoid inflating search result further. Nope, it is not innocent...

I'm completely against this. No organizations, we had enough of those already and it didn't end well. If you want to do it, do it on your own personal motivation or your own separate organization that could happen to accept bitcoin. But never "something representing" Bitcoin, ever again. Leave Bitcoin free of human corruption, Bitcoin is working as intended and needs no special group attributing themselves "leadership".

Price is easy, it will go up, because fiat goes down, but price will tend to go less and less up, until it matches the world average inflation as "up", but only because everyone else go down, which is not Bitcoin's fault.

And of course there will be speculative fluctuations around the "natural" line, which in the long run will always correct back to it. "Zoom out", and you'll recognize this logarithmic graph, which starts very steep and then slows down over time.

I'm sorry but if the only options to lead a nation are people near their 80ies, i don't think that would fare too well for new technologies. Not like it would matter much, as the system won't let anyone put in charge do much anyway. They have to abide to whatever the main parties need, and the lobbies that push them.

Also what makes you think Bitcoiners would somehow be critic of Wall Street and Banks? Ever heard of bitcoin being traded, or banks doing full reserve?

If anything, it is State meddling that could cause trouble, but thankfully Bitcoin is immune to that. People wanting to use it freely could face prosecution if the State becomes hostile, but the coin cannot be stopped. And banks, well they had nearly two centuries of fun with fractional reserve, its about time they return to their roots and shrink.

Actually low volume exchanges are prone to many problems, and manipulation. Which is a catch 22 thing... A new DEX would alone face this issue, without having an (in)famous name tagged to it. Of course, being intermediary is all about collecting fees, there is money to be made.

The likes of Bisq are the closest to a true concept of DEX, Free and Open Source software based on Tor, and yes nobody promotes it. Too bad it was written in Java.

Exactly what point (or counter point) where you trying to make here? Microsoft? Apple? You gotta be kidding. Both copied a product developed FIRST by Xerox, and Xerox, despite having spent resources in developing, didn't pay it attention. Yes, Xerox, and not those two copycats, made the digital office that you know and use today, in the 70ies. It took another decade for others to do the same (cheaper).

Granted, Apple (Woz) had its own merits BEFORE the Mac (Lisa), but not afterwards. And Microsoft, always buying what they needed and then presenting it like their own. Did it for 3 decades, just nail the best business deal and then procure whatever was negotiated on the market...

Technically Bitcoin wasn't even the first, but perhaps after enough reiterations, the one that did it RIGHT. Who did personal computer software right? Microsoft? Get lost. They even wanted people to use their own internet like network rather than "uncontrolled internet", and guess what happened...

Same as Bitcoin.

If McAfee is involved, i don't want to be close to it. There are other DEX and true DEX out there. Oh an expect his own coin/token in it too! lol. This person, really... Always wanting attention.

He is not popular, just... infamous, which is not quite the same thing. He is full of outrageous claims, all the time, concerning crypto. And for a price, he is more than willing to keep making them. How could a person of this caliber handle something so serious? I don't want to know.

You seem too busy concerned about external factors, such as exchanges. Regardless of what the world does, Bitcoin works the same. It is a coin, it's not supposed to be "fun", its just a coin. A better coin, yes, but a coin. It buys things, you can be paid with it, that's it.

Why do you care who has more or who has less? Its been like that in all of human history, and the coin didn't come here to fix that. If you don't exchange you don't have to deal with those "checkpoints".

But, if you think this was only a hobby, you were quite wrong. And it doesn't matter if you get personally involved or not, its here, and its not going.

Just do whatever it is you were doing before learning about Bitcoin, only difference is, prepare to replace whatever fiat coin you were using with it. If you act like it doesn't exist, you will probably miss even more of what you think you are now missing, you are only going to regret yourself even more later.

I have the autofreq one (Nov 2018) and the boards are set at 600m (or close, one is like 602 and the other 598 or so). In my case, the older firmware would actually do 8 THs vs now 8.5THs.

If you "upgrade" to the old one it should work, but you should not do this. Asicboost makes them work much better. I do remember some R4 batches labeled as 7.5T instead of 8T, perhaps you have one of those?

Flexibility will come, next year after Braiins OS finishes the cgminer replacement bOSminer and they start adding more hardware support. In the meantime, i don't think any other firmware is worth it, you could use the older if the asicboost one is giving you trouble, but i don't recommend it.

This fan is too silent to bother forcing it, and you can always force it to 100% by disconnecting the fourth (blue) wire...

Can you protect a piece of paper with 12 words written to it better than a third party entity yes or no? If yes, you don't need any other (State/Private) protection gimmicks.

If no, go place it in a bank vault and pay the monthly fee to have it secured. At least you are forcing that bank to play by full reserve rules, without they even knowing it.

Banks by themselves are not evil, its the current version of banking, under fractional reserve that is more akin to a ponzi scheme that is.

I don't know what that BITKEY is, but Electrum and a piece of paper and pen is the safest when done right. Is this Bitkey Free and Open Source software? Else don't bring the word secure here, as the Electrum method only involves FOSS.

You download a secure OS like Tails, and boot that from DVD in your computer (which doesn't even need a hard drive), then you make a wallet with Electrum there, write with your own hands the seed words in a piece of paper, secure this paper. Print/email whatever your public addresses and turn off the PC. Its done, a cold wallet as best as it can be. You should do a copy with your own hands of that paper into yet another one, and secure both in different physical places. Remember to keep those papers safe, and be creative finding better ways to hide those words in plain sight (Mark words in a book, etc).

I don't know if there are Youtube videos of the Electrum method (there probably are), but it has been written in this forum plenty of times.

So start getting Tails and boot that in the old pc. Disconnect the Hard Drive if it has one. You can also do it all in that pc disconnected from the network, but it involves one extra step done in a connected pc.

Why Tails and not other secure alternatives? If you are good with Linux/BSD, you can also use your favorite distro. Tails is simply Debian configured to use Tor by default. Of course you can do that on your favorite distro, live or not. Live would be preferred for the most paranoid, as turning the PC off erases all traces.

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No, it is important to practice with insignificant amounts, especially the creation, and later handling of cold wallets, BEFORE you actually need them. In fact, there is nothing wrong with creating a safe cold wallet and never depositing anything significant to it, but you already tested it and know the ropes...

A cold wallet does not need hardware beyond the creation phase, and later when you actually need to move the funds. Your "hardware" is that piece of paper with 12 words written into it...

Of course the mixer could be not keeping logs or erasing them after some hours, but the problem remains: How do you know?

If Bestmixer didn't keep logs, then after gov seizure they would find nothing and the only result would be one less company.

But the problem remains: How do YOU know? Who can audit the mixers? They cannot let you inspect the thing. Same can be said of exchanges.

The country where the service operates could simply order them to provide the data or else...

Tether thrives and appears to have a virtual life on its own within exchanges, where several virtual operations occur without touching any blockchain, but that's where it ends.

And it doesn't even has its own blockchain, it needs someone else's, and that means paying in the various coins that own each blockchain.

A "honest" Tether wallet would tell you that you need both Tether and a different coin depending on which variant you have. From an user perspective, this is simply unacceptable.

There is also the fact that, Tether price is a fiction that is kept by human intervention, within their theoretical limits. If they stick to their own plan, and nothing extraordinary occurs in the market... And both things are human factors, i hope you know where that could possibly end.

Suffice to say, world's current worst Fiat, also was pegged to the USD in 2004. Pegging is a form of "stable coin", others more subtle are direct/indirect market intervention, either buying/selling or outright freezing the exchange market. All of these are against free market trading.

IIRC it was 1 600 units per USD in 2004. Today, you would need the equivalent of 2 000 000 000 000 for 1 USD. This is what happens when you let a human factor in the equation... Stable coins are build upong promises, because thats the best humans can do, sure you could threaten them with contracts and stuff, but that doesn't remove the fundamental problem: It CAN happen, as it has happened in the past. Tether itself has experienced it, so far it was a small fluctuation, but it might happen again, not so small, because it depends on human trust, not code. And you know what humans can do, given the right  circumstances...

But what does it matter what happens within exchanges, if at the end of the day, people end depositing or withdrawing bitcoin? Of course some people use the USD alike for hedge and their trading, but in the end they don't want to keep that risky coin that a human could turn into ruin overnight. If anything, the traders using it are gambling it it won't happen to them during their operation. You know, like an MLM scheme, those few who manage to leave early, make profit...

And of course we all know that movies and reality are one and the same. Specially in Korea, where the meaning of drama must lie hidden in the name somewhere...

Politic fiction dramas aside, online wallet liability should indeed be a thing. But it is more complex than that, user side security is also a big issue. Not saying online wallet operators often are negligent but a proper investigation is needed.

In reality its usually both, as the whole idea of users using insecure practices and software, trust "online" because they feel incapable of securing funds by themselves. In that case you are using a service so a third party has your money safe, and such service would be breaking their part of the contract if they fail to do so (that is why you were paying them in the first place).

Exchange is but one type of typical online wallet operator (there are a few exchanges where you can use your own wallet instead). This is pretty much a type of bank (full reserve bank) and could perhaps receive the same (or better) type of regulations.

This mess only exists because of the need to exchange fiat to crypto, else people could all just keep things in their own wallet unless they don't want to.

This is something i have experienced in this forum many times. Most of the times i don't have the slightest idea why something gets deleted, as they don't write even a single word for the reason (except one time the mod made a mistake and told me to re-post it), so one could learn to avoid making the same mistake (whatever it was) again...

Sometimes it is guessable, but often its not. I feel that reporting to admin would bother Theymos too much so i refrain from doing it, but sometimes its tempting because it can be so random when it comes...

I guess this is a "who watches the watchers" kind of situation, but its not the end of the world. I just let it go and move on.

Why? You don't want to pray 5 times a day towards the Mecca?

If anything, they are far more religious than many religions today. Catholics? Numbers are hyper-inflated (because in many country the State pays them money for every registered catholic), and many just stick to baptism and funerals, not even bothering with Sunday mass, oh and occasionally marriage because its fashionable...

The rest of the Christians are a mixed bag, some devote, some only appearances.

I still have to find out why Muhammad wanted people to pray towards the city he was born (i know, a revelation, but still...), or why they were praying towards Jerusalem before that. But in any case, this made them get good with maps, so they could build the mosques pointing properly. See? Civilization!

Unless it goes down, in that case just hold or keep buying

This is a typical trading scenario...

Remember you don't lose or win until you sell, so keep holding until conditions get better, but take the chance if you still can.


"Never invest what you cannot afford to lose"...

This way you won't pay it much attention when it goes down, and can calmly wait until conditions improve, no matter how long it takes. Panic sellers are the ones always losing.


Of course there are some assets where you can be confident things will improve, like Bitcoin, while some altcoins on the other hand... You would be wise not to expect recovery from those anyway, and its best to avoid getting in those in the first place. But in case you were gambling it, just set up a sell order at some point above the price at what you bought in, and hope someday it triggers.