Well, with the recent events with Sinbad mixer, we've got a statement of the Fiscal Information and Investigation Service of the Netherlands in which they supported what is written in a topic title: Bitcoin mixing is not a criminal activity per se: Cryptocurrency mixing
A cryptocurrency mixing service is not necessarily illegal. It is an online service that allows users to disguise the origin and destination of cryptocurrencies. With this service, cryptocurrencies are mixed with other users' cryptocurrencies for a fee. Because these transactions are kept in a public record (known as a blockchain), without using a mixer, the origin of the cryptocurrency can be traced using blockchain analytics. For this reason, some users, including criminals, choose to employ a mixer to disguise the origin of their cryptocurrency. Mixing criminal assets and concealing the origin of criminal funds is a criminal offense. In the case of Sinbad.io, more than 50 percent of all mixed cryptocurrencies were found to have a criminal origin. In the case of Sinbad. io, there are no measures in place to implement and enforce a Know Your Customer (KYC) or Know Your Transaction (KYT) policy. So we can suppose that the government of the Netherlands sees the difference between mixing bitcoins for own security and safety and mixing bitcoins for some criminal purposes. So , what is in bold shows that there are on the one side criminal funds and on the other side their exit liquidity from "privacy seekers" . Good luck to the second group proving who they actually are and that they've done this just to enhance their privacy . By anonymizing transactions you just flush to the toilet any evidence you have to prove your innocence . Why should people have to prove their innocence to corrupted state officials?  You remind me of COVID fanatics: everyone is guilty (virus transmitter), unless proven innocent (via a COVID test). No, fuck them, I have nothing to prove (I don't even use mixers, but I don't care if people wanna use them or not). Hell, some people even pay exorbitant fees (up to 83 BTC) to clear the money trail. Would I do it? No. Is it risky in case it goes to a pool you don't control? Yes (unless you control the majority of the hashrate). People can do whatever they want, as long as it follows BTC mainnet rules. Deal with it. |
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I'm sorry, but you're the one who has garbage counterarguments here. You insult my intelligence when you insinuate that people will be happy to accept CBDC (along with its consequences).
The bonobo intelligence you have, welcome to my ignore list you retard. IMO people aren't the sheep some posters here think they are. Yes, they chose credit cards over cash, but that's because most of them were certain that the money on their card is real cash converted to ones and zeros. The risk of using a card over cash wasn't really that big for your average joe, but the convenience was greatly increased.
Another one who doesn't get something basic. The money shown as balance on the (debit) cards is not real money, they are accounting entries based on a ponzi scheme, and in the case of credit cards it is even worse, because they are accounting entries passed on as money that are created as debt with every payment you make. But if you don't understand this very basic thing don't expect me to waste much time arguing with you, eh? You are the one who has bonobo intelligence here, because you don't understand that even physical cash is not real money (backed by gold), it's debt issued by the Central Bank. That's how fiat money works. Oh well, some Bitcoiners are gullible retards... I'll have to settle with that!  Good riddance |
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Monero is being spent a lot, it's not a hodl culture. That's partly because Monero is an inflationary currency (tail emission/eternal 0.6 XMR block subsidy), unlike BTC which is destined to become deflationary. |
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IMO people aren't the sheep some posters here think they are. Yes, they chose credit cards over cash, but that's because most of them were certain that the money on their card is real cash converted to ones and zeros. The risk of using a card over cash wasn't really that big for your average joe, but the convenience was greatly increased.
When it comes to CBDCs most people don't care because they don't have to deal with it right now, nobody forces them to use it, there's a chance it will not go live in their lifetimes, they don't know the details because governments sell it to them as a new, more digital fiat money, that can be assigned to a face ID. This doesn't sound bad if that's all you know.
Joe thinks about it and comes to a conclusion that if he loses his wallet abroad, he'll still be able to buy a ticket home by simply getting scanned at the airport. Pretty convenient if you ask me.
If they start blocking people for their social media activity, fining them for what they write online, there's going to be riots, unless they choose to deal with it like China did and roll out the tanks.
I have no idea why people think carbon credits (which will restrict your red meat/gasoline consumption etc.) is a "conspiracy theory": https://www.youtube.com/watch?v=djpRUafjx7cYet again, most people don't even know what WEF is... or perhaps they think it's some "innocent" global forum.  And no, this won't be optional, it will be mandatory. Why? Because most people buy the "human-made" climate change BS. They've dug their own (Net Zero) grave. Trust me, I would be very happy if I were Klaus Schwab or Bill Gates and you believed my pseudo-religious BS (repent your climate sins  ), but I'm not! I'm just a regular middle class person. Bill Gates will keep flying his private jet and eating juicy steaks, while we will be forced to eat ze bugs. The more people think this is a conspiracy theory, the more happy papa Klaus and uncle Gates become. Because if the majority of people truly believed it and didn't dismiss it as a "conspiracy theory", they would revolt against their sinister techno-communism plans. |
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Care to explain why the "uneducated" Nigerians didn't accept CBDC?
What makes you think that Americans/Europeans are "inferior"? Even though they started famous revolutions in the past?
Give me some compelling arguments.
The same way they haven't embraced credit cards either, it's not a matter of choice it's a matter of using what available and more convenient. Just because a CDBC failed in country that struggles to keep power on it doesn't mean it will fail in others. Most will not care, CDBC or a credit/debit card, what would be the difference for your average Joe consumer? None!Some of you really need to understand that things you talk on this forum are just gibberish boring thing for the majority of the world who doesn't really care. The difference is called social credit score and carbon credits. The average Joe can buy as much red meat/gasoline as he likes with his credit/debit card. Will he be able to do the same with CBDC? Do you know anything about WEF's agenda? |
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Have you studied Monero's RandomX algorithm?
It's designed in a specific way that favors CPUs (especially Ryzen ones), so that if someone wanted to design an equivalent ASIC chip, it would be as complex/expensive as a Ryzen processor.
https://shop.bitmain.com/product/detail?pid=00020231023114009392Wa6C3QuD0658Ryzen 7 7800X3D, 12 kh/s, 120 W, $350 you get 1kh/s for 10W and 1 kh/s for $20 X5, 212 kh/S, 1350W, at $3000, you get 1 kh/s for 6W and 1kh/s for $14 And in one scenario you got a ready to mine machine in the other you don't even get a fan.... 1) Sold out (unlike Ryzen CPUs, even 7950X is readily available) 2) This doesn't use ASIC chips (unlike BTC or LTC), it uses RISC-V CPUs. Look it up. RISC might be more efficient than CISC (x86), but it's still not an ASIC. You won't find a single RandomX ASIC. You also won't see anyone using RISC-V CPUs for BTC or LTC mining. |
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1.There's no problem having both Bitcoin and Monero in your portfolio. I don't see your question as a "this or that" type of choice. 2.Yes, Monero is more private than Bitcoin, but so what? You could send monero to someone and still get scammed. You could deposit monero in a centralized crypto exchange or crypto casino and never see it again. The only advantage of Monero is the lack of transparency of transactions, but you could achieve the same thing by using a trusted BTC mixer. Monero transaction fees are lower, but I wonder what the tx fees would be, if the Monero blockchain gets clogged with some useless shit like the Bitcoin Ordinals. |
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With how expensive PoW mining is becoming each day, things are going to get worse in the long run (more centralization). BTC needs to switch to an ASIC-resistant algorithm to strip away big mining companies and centralized mining pools from power.
There is no such thing! No matter what protocol you choose you can design an ASIC that will outperform your average Joe computer by an order of magnitude. What's preventing some coins for being mined by ASICs is their daily reward, if that is worth a few thousand dollars a day nobody will invest in building an ASIC for that, but with BTC we talk about 30-40 million a day. Not true. Have you studied Monero's RandomX algorithm? It's designed in a specific way that favors CPUs (especially Ryzen ones), so that if someone wanted to design an equivalent ASIC chip, it would be as complex/expensive as a Ryzen processor. So why not buy Ryzen in the first place? SHA-256 is a very simple algorithm compared to RandomX, that's why it's possible to outperform regular PCs. Apples to oranges comparison. Btw, I'm not saying that BTC should do a hard fork (like XMR does from time to time). The SHA-256 ASIC investment is too high to ignore/abandon it. You really think people will be so enthusiastic to abandon cash in favor of CBDC, social credit score, carbon credits, 15-min cities? Only a gullible person would believe that... I think Bitcoiners can do better than that.  You really think people would abandon cash for credit cards, hard cash in hand for 401k, your free spending for FICO ? Oh wait... We're talking about 8 billion people, and 14 years in which way less than 40 million (and these are addresses not wallets) have chosen to be their own bank, probably the right numbers being lower than even 5 million. Care to explain why the "uneducated" Nigerians didn't accept CBDC? What makes you think that Americans/Europeans are "inferior"? Even though they started famous revolutions in the past? Give me some compelling arguments. The only way they can possibly lure people into CBDC is by providing a generous UBI (Varoufakis had proposed €2000/month during the COVID plandemic). Andrew Yang had proposed $1000/month in 2013 (more like $2000 with today's inflation taken into account). Sure, that's a way, but you risk crazy high inflation (although there are ways to mitigate it, such as smart contracts limiting the amount of products you can buy -> i.e. less red meat, more insects). Still though, people are not that dumb to ditch red meat in favor of insects. China has a different culture, they also have overpopulation, which means they're forced to eat literally everything that walks and flies. Do you guys seriously envision the West becoming like China? Is that what you want for your children? |
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People usually don't become aware of something they've lost until it hits them in the face. And the way the governments invade privacy is slow and unnoticed so people don't panic! For example they knew NSA was monitoring their every move but they didn't go nuts until the intelligence leak went viral. Then again they forgot about it shortly after.
It's the same with banks and also CBDCs. Until it doesn't go down like 2008 and blow up in their faces, they won't realize what they don't already have.
It's the same with banks and also CBDCs. Until it doesn't go down like 2008 and blow up in their faces, they won't realize what they don't already have.
By which point it will be too late to change anything. We will never be able to go back to before mass surveillance. Once CBDCs are launched, we will never be able to go back to before they existed. And once the government have control of the bitcoin network and can censor at will, we will never be able to go back to it being free. Which is why we need to be discussing solutions now. Judging by this thread, there is some denial that CBDCs aren't necessarily a bad thing, in fact it's such a "good" thing that people will be "enthusiastic" to abandon physical cash in favor of CBDC!  My disappointment arises from the fact that I have high expectations from Bitcoiners (unless they pretend to be Bitcoiners and in reality they're undercover feds)... they should not be so gullible. CBDC is like a digital jail. Once you enter it, there is no going back to normal (as Klaus Schwab has said). |
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So I have dismantled the garbage argument that was a pure conspiracy and you come back to me with the adjective "gullible". Read again and see to whom you have to apply the adjective. I'm sorry, but you're the one who has garbage counterarguments here. You insult my intelligence when you insinuate that people will be happy to accept CBDC (along with its consequences). There is no conspiracy theory regarding CBDC (Digital ID, carbon credits, social credit score, 15-min cities). It's already a reality in China and they're preparing to bring it in the West, only because there are gullible people like you who know nothing about WEF, Great Reset, Klaus Schwab. ps: I know many non-BTC people (no-coiners) who resist against CBDC and want to retain cash at all costs. Eventually they will be forced to shallow the orange pill, but at least they resist against this sci-fi dystopia... |
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The European Central bank is toying with the idea of imposing a €3000 limit on consumer CBDC accounts to discourage users from transferring all their cash from commercial banks to the central bank. So what the ECB is worried about is that citizens will embrace the Euro CBDC so enthusiastically that they will all want to switch to it, eliminating the need for commercial banks and suddenly all those banks will fail. That is why it is considering imposing an initial limit of €3,000, which will coexist with the existing cash and electronic payments (transfers, card payments, etc.). You really think people will be so enthusiastic to abandon cash in favor of CBDC, social credit score, carbon credits, 15-min cities? Only a gullible person would believe that... I think Bitcoiners can do better than that. I doubt anyone here is entertaining that notion, but it's the kind of thing the bureaucrats obsess over. I suppose they are accountable if they do get it wrong, but yes, it's a pretty far-fetched scenario. Our goal presumably involves trying to highlight to the uninitiated masses what the consequences might be for them if they do adopt CBDCs. The absolute death-knell of privacy being chief amongst them, but censorship a serious concern as well (and, unlike this current situation with a small percentage of pools censoring OFAC listed addresses, it's likely to be a more pervasive, inescapable and unyielding type of censorship with CBDCs, with little room for recourse). Even if we can't necessarily persuade people about the advantages of using Bitcoin, it could be an " anything but CBDCs" kind of discussion. The masses have a distinct knack for acting against their own self-interests when given the opportunity, so it won't be as easy as it might sound to convince them that CBDCs are very bad for them. You'd be surprised at how quickly some might embrace this mass-surveillance foolishness.I already see some people around here embracing things such as Digital ID, carbon credits (because apparently human beings cause climate change) and yes, even mass surveillance with tons of cameras and suggesting that Bitcoin is the perfect "timestamp machine" to store video feeds from innocent citizens. Trust me, sometimes I'm genuinely wondering if I'm talking to Bitcoiners or feds... people conceal their identity, so it's very easy to pretend and play some fictitious role. Regarding OFAC, I remember back in 2020 during the 1st COVID lockdown some BTC pool trying to censor transactions, but it didn't last for too long. F2pool only has 11.4% of the hashrate. Still a far cry from 51%. Chances are it will fizzle out again. You should study how bitcoin works , and Antonopoulos isn't the best source . Who is the best source? Craig Wright? |
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I know this sounds like a crazy tinfoil hat conspiracy theory to some people around here, but what would you do if you were Bill Gates?
Would you trust CBDC? Especially considering the fact it will have a limit of €2000-3000 (as ECB officials have said)?
Do you wanna own nothing and be happy? Because with only 2-3k dollars/euros you will be forced to rent everything (your house, your car etc.)
It sounds like a conspiracy theory because it is, like that thing that looks like a duck and turns out to be a duck. The €3,000 limit has been planned to protect banks. You can see it in the following document: Know your (holding) limits: CBDC, financial stability and central bank reliance. But if you find it too complicated, it is summarized in a newspaper article: The European Central bank is toying with the idea of imposing a €3000 limit on consumer CBDC accounts to discourage users from transferring all their cash from commercial banks to the central bank. So what the ECB is worried about is that citizens will embrace the Euro CBDC so enthusiastically that they will all want to switch to it, eliminating the need for commercial banks and suddenly all those banks will fail. That is why it is considering imposing an initial limit of €3,000, which will coexist with the existing cash and electronic payments (transfers, card payments, etc.). You really think people will be so enthusiastic to abandon cash in favor of CBDC, social credit score, carbon credits, 15-min cities? Only a gullible person would believe that... I think Bitcoiners can do better than that. |
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If Bitcoin ever becomes centralized, it will no longer maintain its current purchasing value. That's for sure. Bitcoin became so valuable because it's the first decentralized, censor-free, digital currency. Big entities (such as pools) can always become corrupted, assuming they no longer care about making money/profit (ever heard of "go woke, go broke"?). The establishment can ruin everything you love, as long as it's centralized (Hollywood, Netflix, video game companies etc.) People can always form new pools, or join smaller ones, especially those that don't steal transaction fees from miners (didn't know that was a thing, totally despicable). KYC demands are also unreasonable. My personal bet is that the WEF elites (Bill Gates etc.) definitely want Bitcoin for themselves as a lifeboat to secure their wealth (convert fiat deposits & SP500 stocks to BTC ETF). They do NOT want it for the masses/plebs. That's why BlackRock wants to enter the BTC realm. Billionaires want a valuable asset to secure their wealth right before they perform The Great -Currency/Debt- Reset (which I reckon will happen around 2026-2027 during Taiwan's invasion by China). Fiat currencies (USD, EUR etc.) will melt (Weimar-style) and this will be the perfect opportunity to shove CBDC down people's throats. I know this sounds like a crazy tinfoil hat conspiracy theory to some people around here, but what would you do if you were Bill Gates?Would you trust CBDC? Especially considering the fact it will have a limit of €2000-3000 (as ECB officials have said)? Do you wanna own nothing and be happy? Because with only 2-3k dollars/euros you will be forced to rent everything (your house, your car etc.) This is another reason why NO ONE in their right mind should sell their BTC stash, especially before BlackRock's ETF approval (which will happen by mid-March 2024 at the latest). I sure as hell wouldn't destroy Bitcoin if I were Bill Gates or Klaus Schwab, BUT I would badmouth it all the time in mainstream media to deter the plebs from buying even a single satoshi! It makes sense if they want to buy BTC at a low price and even cause weak hands/panic sellers to sell some more to them... |
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No pool would really want to do that because they would probably see the same things and know that it would kill their business.
-Dave
Don't forget that there are chains with a different mindset than the one of btc community that will welcome those pools and hashrate . BSV is not censorship resistant: https://twitter.com/BobSummerwill/status/1577714409618931713https://github.com/bitcoin-sv/bitcoin-sv/releases/tag/v1.0.13Who will migrate to a shitcoin under Faketoshi's leadership? What we need is more privacy by default on the base layer to make this kind of censorship impossible to begin with. You know that's impossible without a hard fork, right? People might migrate to Monero, but it has totally different tokenomics (due to tail emission). |
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Κυνική απάντηση: Όταν μειωθεί ο πληθυσμός. Τότε θα αποπληθωριστούν τα πάντα (ναι, ΚΑΙ το fiat χρήμα, όσο κουφό κι αν ακούγεται τώρα). Το μέλλον των κτιρίων: https://i.imgur.com/WeaDx6F.pngΕρώτηση κρίσεως (μόνο για δυνατούς λύτες): ΠΩΣ γνωρίζουν ότι θα μειωθεί η ζήτηση για νέα κτίρια κατά -20% μέχρι το 2030; Πηγή: c40.org (συστημική/επίσημη, όχι συνωμοσιολογική) ΥΓ: Αυτά να τα βλέπουν όσοι αφελείς (το θέτω κομψά, γιατί υπάρχουν και «ευαίσθητοι») υποστηρίζουν το μισανθρωπικό αφήγημα της «ανθρωπογενούς» κλιματικής αλλαγής (λιγότεροι άνθρωποι -> λιγότερο CO2). Θα είναι οι πρώτοι που θα μας χαιρετήσουν (μαζί με το BTC stash τους)... Το κράτος ΔΕΝ είναι φίλος μας. Τα κτίρια ΔΕΝ είναι Bitcoin για να έχουν τεχνητή σπανιότητα. Όλη αυτή η κατάσταση μόνο τυχαία δεν είναι και σίγουρα ΔΕΝ αποτελεί ελεύθερη αγορά, αλλά κεντρικό σχεδιασμό ( κρυπτοκομμουνισμός by WEF). Ο νοών νοείτω... |
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Όλα αυτά τα BTC doomsaying posts τι σκοπό έχουν; Να μας δείξουν πόσο «καλό» είναι το centralized BSV υπό την ηγεσία του Faketoshi; Ρητορική ερώτηση φυσικά... |
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The reason why I believe privacy is #1 concern is because the direction in which the globalists are taking the world is complete control of everything. The want to control every living thing. Sounds like a conspiracy theory until you realize they say it in plain sight.
The CBDC (or whatever they chose to call it) is where everything changes. The best way to see the future they're planning is look at China & the social credit system. If you say the wrong thing about your government you can lose your privilege to board a train. Even this is just the tip of the iceberg compared to what they're planning.
One of the many reasons they're pushing climate change, so they can tie in multiple system of control. For instance, you've reached your total carbon credit for the month and cannot eat anymore beef, because cow farts are bad for the environment. So now they can freeze your money because your food intake is tracked. Yes Bitcoin is censorship resistant, however your connection the to internet is not.
All total BS to push us into total communism. The world is not what you think it is and that's why I think privacy will be very important.
Even people on this board still believe this is a silly tinfoil hat conspiracy theory ( "Digital ID is a good thing, it will reduce bureaucracy" ) and also believe that human beings cause climate change (therefore a population reduction would be "appropriate") due to CO2 (which is plants' food). I say cull the useless eaters (their BTC will disappear from circulation if they don't inherit the private key to anyone), we don't need them anyway.  The jabs will do it either way... Regarding Monero, I think it has a real chance to replace cash, especially in notorious transactions (such as drugs, hookers and maybe even red meat, assuming it becomes illegal in the future). But Bitcoin will still be better for savings, since Monero has eternal inflation (tail emission). Monero for e-cash and Bitcoin for savings/digital gold sounds good enough to me. |
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I don't personally believe "milestones" or "checkpoints" to be the right approach. I outlined some reasons as to why back in 2020. Either every block is a checkpoint or none of them are. The ideal solution, in my mind, would be one in which users have some level of flexibility to determine their own level of involvement. Similar to what SegWit achieved. If users want to carry a smaller burden, they can just sync the 'legacy' blockdata and leave out the 'witness' while still contributing to, and taking part in, the network. The opt-in nature to retain a low barrier to entry is preferable to a one-size-fits-all approach, where we risk people digging their heels in and increasing the potential for a contentious fork. Increasing linear growth in the witness space is inherently more inclusive than forcing an increase upon everyone and risking greater division. What you're proposing is actually an ingenious solution and reminds me of AMD's x86-64 architecture 20+ years ago. What did AMD do? They took Intel's i386 proven architecture (despite not being perfect, especially compared to RISC behemoths) and extended it (double register width + double the amount of registers). You can operate an AMD64 processor in various ways (legacy i386 or 64-bit mode or even 16-bit mode for DOS apps)! On the other hand, Intel invented Itanium (a brand new, clean slate architecture) and it failed miserably. Eventually they were forced to copy AMD's approach. What's the lesson here for IT-minded folks? I'm honestly surprised we have this kind of discussions in the Bitcoin community... I'm really curious to know the professional background of big blockers, if they have any. Something tells me they have almost zero IT experience, which explains their fallacious arguments... |
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Εγώ έχω γνωστούς που με φορολογημένα κέρδη από crypto αγόρασαν σπίτι ή αμάξι και η τοπική εφορία τους πέρασε κανονικά τον έλεγχο χωρίς ενστάσεις. Τζογάρεις: https://www.sofokleousin.gr/tous-zematise-i-eforia-gia-ta-kryptonomismataΕγώ πάντως -ιδεολογικά και μόνο- δεν βρίσκω θεμιτή καμία συνεργασία με το κράτος, ειδικά με όσα έχουν συμβεί τα τελευταία 4 χρόνια, αλλά και με όσα θα συμβούν τα επόμενα 6 χρόνια. |
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