They don’t practice it too often because they are afraid of getting a riot but they definitely do when they need to. I gave you an example too. Right to own a property is a joke in the UK. They can seize your assets whenever they want.

There are still elites and nobles in most EU countries. They own the land and then they long-term rent it to the plebs. The plebs think they own the land or the real estate. In reality they only own the right to use that property for a limited time. (Could be anything from a year to 100 years) We call that feudalism and it is not over in Europe.

Lots of people lost their coins that way because they forgot the encryption or the word order they used. Not so long ago I’ve read a post from an user (maybe it was on reddit, can’t remember) and he knew all of his seed words but he messed up their order and now he can’t access his coins anymore. If you are going to rely on your memory, you better have a damn good memory or you’ll say goodbye to your funds.

I’d rather write down my seed words very clearly but only replace one word with another fake word and put a sign on that word so I’ll remember which word I’ll be replacing every time I need to use my seed words. This way I need to remember only one word instead of many other crap.

I still need to secure my seed words but even if somebody gets the paper, he won’t get my funds.

You missed a lot apparently. A few people were scammed because somebody found a way to inject a malicious script to the frontend of the app. People lost money and one of the victims is a wellknown legendary account.

https://bitcointalk.org/index.php?topic=5495097.0

I don’t know what really happened because we didn’t get an explanation from theQuin. He made 1-2 posts in the last 2-3 months and even though he is logging in he is not saying a word.

I didn’t get hacked or lost money but multiple people claim they did.

Some people don’t even care about the money they have lost anymore probably. They only want to hear an explanation and know if the website is still safe to use.

Somehow I feel like we were in a better position when there were no regulations for crypto. Nowadays whenever I hear about a new regulation, it usually means it is going to be harder to use/trade crypto or you will pay more taxes.

I decided to use my crypto coins without using an exchange or any other business which is strictly regulated by the government because of that. I’ll either use giftcard sellers like bitrefill or other business (like namecheap) that accept crypto directly, or I will just make p2p trades.

These centralized exchanges will and should suffer from these regulations. It is time for everyone to move their business to a real decentralized exchange, bisq. Let’s see what the gov can do about that.

If they confiscate them and use it in some way, that would mean they acknowledge that asset's superiority. They'll rather choose to ban/destroy it.

They didn't do this to bitcoin because they think they can control bitcoin.

We will experience what they'll do to something they cannot control and it is this. Destroy.

I feel the same. The forum looks like a ghost of its former self. People don't even care enough to post spam anymore, it is that bad. Few years ago, the forum was like Times Square of the internet and now it is a desert in Africa. The worst part of all this, there really isn't something to talk about.

No new tech, no news...

Crypto heros like Roger Ver and CZ are getting arrested, FTX did this, Sam Bankman did that, somemixer service was taken down and that's it.

People used to think something to solve bitcoin's high fee problem and nobody even cares about that anymore. Bitcoin is expensive? Meh, use something else.

It is not surprising. The UK is a monarchy.

According to the law,  the King (or Queen) owns the country ultimately. If the gov, the king, whoever is in charge there decide that they own your stuff and you don’t own that stuff anymore, it is not against the law.

So crypto naturally falls into the same category of assets which they can seize. They did it many times before. Remember how they seized Chelsea FC from Roman Abramovich.

In the UK you can own stuff as long as they let you own it. Don’t make a mistake, it is not really much different in the other parts of the world.

You just don’t fuck with tptb.

Wise words from Frank Lopez.

These names wanted fame, champagne, chicas and flash and lambos and shiet. Now they can’t fly straight anymore. They ain’t lasting. Remember how they took Tony Montana down. Tony wasn’t a wise guy. He was greedy and stupid.

Satoshi on the other hand. He was low-key quiet. He never went off-balance. That’s how you should be doing it.

Most crypto rich people wanted to show off, wanted to be famous and now they are paying the price for their stupidity.

People are not eager to tell their failures because it makes them look stupid and almost nobody wants to look stupid unless they are on youtube where acting/being stupid is rewarded with lots of money. If you want to listen to the failures of people, you should probably go there. In this forum there is no real incentive to tell such stories and that's a good thing because if you somehow read a failure story in this forum, you can be sure that it is genuine unlike the fake youtube stories which people make up to attract hits.

Let's say someone come up with a decentralized forum software where no authority can touch. That's pretty much what darkweb is. Every type of filth will leak from a place like that. Let's face it, decentralization is not always the perfect solution. It is because we are trying to solve the wrong problem. The problem isn't the forum software we use. We are the problem. By "we" I mean everybody. It is because we can't stand to live in a perfect world.

Just like how the Architect described it in the movie, the Matrix.

He created a world with imperfections and only then his simulation worked to some degree. Every other perfect world simulation has failed instantly. We can't be happy if everybody's happy. We are feeding on other people's misery. That's also the reason why capitalism prevailed.

In a world where everybody's driving a lambo, what's the point of driving a lambo?

You know what they say... "you can't make money unless you spend money"

You won't find a girlfriend unless you talk to girls.

You can't win the lottery unless you buy a ticket first.

Action > Reaction

Cause > Effect

If you want to be wealthy, you need to do what's necessary to be wealthy and it is a combination of many things. Being smart, educated and some capital is needed to start things but these features don't mean anything unless you use them effectively. Many smart people die poor because they either lack the capital or education or the desire to get rich.

Search "gambler's fallacy" on google.

https://en.wikipedia.org/wiki/Gambler's_fallacy

That's pretty much what you are doing.

You think just because those coins went down a lot, they can't go down more from there but, they really can.

Let's say we are playing coin flip and we had 100 heads in a row. What are the chances of getting another heads in the next turn? 50%.

Most people don't like to try new stuff unless they really have to. These people won't use crypto even if you give them some free coins. They'll just lose those coins. It happened many times in the past. Some of those lost coins are worth hundreds of thousands of dollars now. Of course they are not happy now since they've lost a fortune but they also refuse to change their behavior. Some people can't be helped. We all gonna do what we all gonna do as the architect says. Crypto is not the only play in the world too. If a person thinks he is more successful at trading bonds or stocks, he might think that crypto is an unnecessary adventure for him.

Cloudflare don't even have many FIAT alternatives. (AWS is the only legit alternative probably) I was searching  one and I came across to these comments:



Pretty much what they said.

Cloudflare is kind of what you call: "a monopoly".

It is not like some start-up that accepts crypto will be as big as cloudflare anytime soon. If that happens in the future for some reason, cloudflare won't exist that day.

It doesn't matter in the end. Monero will never get adopted as widely as any other semi-anonymous crypto as long as the exchanges keep delisting it. Only a few people will be using it and its trading volume will tank. That's as good as being dead for a crypto currency.

In the real world the gov know everything about any of the citizens. That will happen in the virutal world too and nobody's strong enough to fight that. Monero will survive the way torrent trackers survived... on life support.

"If you steal $1000 from a bank, that's your problem. If you steal $100 million, that's the bank's problem."

The point of the story is: if you are going to be a fraudster as a career, be the best fraudster. That's exactly what Bankman Fraud did. He scammed so many people, with all that money he acquired, he could bribe every politician and judge that would move against him.




Does this guy look like he is going to do 25 years in prison to you? Not to me.

He will get the same treatment as CZ. A slap on the wrist. "Don't do that again kiddo!"

As long as the authorities allow bitfinex.

I thought  a lot about this in the past. Finally I came to a conclusion; tether/bitfinex is secretly supported by the government. Since the SEC ain't taking bitfinex down, then it means they are cool with the USDT scheme. That means they are indirectly supporting bitfinex. It is clear as day to me. USDT is just another government/central bank owned (unofficially) FIAT printer. Since they don't do it directly, they can blame bitfinex and when bitfinex goes down, the FED won't be held responsible.

It looks like the dude left the casino on autopilot and don't even care what happens to anyone. That itself is a reason to stay away from this casino for a while till somebody comes over and make a statement on what's going on. There must be something we don't know yet because it is so stupid to act like this when millions of dollars are on the stake. The casino will lose many players because of what happened lately. There is only one possible reason to justify this lack of response: The police are keeping the owners busy. I can't find any other explanation.

AI posts usually don't look genuine at all. If it is a long ass post and it is on a serious subject, written with a serious language, posted by a low ranking member; >90% that's a AI generated text. There are many posts like that nowadays and the posters are mostly newbies&jr members.

Sometimes I try some free AI tools on those texts and the AI tool says it is 100% written by a human and I can't believe it somewhat. I think they must have found a way to fool the AI detectors because I somehow don't think there are many genuine people out there who want to sign-up and write a long ass very detailed article on economics to educate us. Those must be spam.

Lightning can solve scalability but it is not a free solution. Decentralization is the price you pay. It costs serious money to open channels and most people won't even bother with it because it is not as simple as owning private keys. Lightning brings complexity and centralization to solve scalability. It used to look like a cool idea to me too but I rather prefer to use alts where I own my private keys lately because it is much convenient this way. There a few well established altcoins out there that are as well-known as btc itself. I can't be optimistic for LN's future somehow.