The fact of the matter is that Bitcoin and crypto is not protecting of these criminals and their activities, With enough effort and research some crime investigators who worked closely against finding culprits across the internet were able to track some of these criminals who committed crimes in or outside the crypto space, and used the industry under the impression that it would help them keep the police at bay, only to then be caught because the moment that your information is revealed publicly, along with your address, no amount of mixing will steer the authority away from you.

I would argue that it's even harder to commit financial crimes in the crypto space, cause every transaction is recorded, with fiat you could literally go off the grid if you so desire.

Most likely. I haven't come across any wallet that requires KYC or extensive requirement of providing personal information.

And it's not necessary too, the main point of having wallets is to make sure that your funds are in your person. Cold wallets do this by making sure that you can carry them or keep them somewhere safe, shut off from the internet and secured as much as possible. Hot wallets do this by requiring you to create an account with them, complete with seed phrases (which basically acts as your digital profile information anyway) to make sure that it's really you who's accessing the account.

If a wallet ever required KYC in the future that's not a movement towards better security, it's a movement towards collecting data to sell to advertisers as there's no need for KYC at all for wallets.

I think the era of telling people to live below their means is over because even their means are dizzying enough that it could barely afford you anything, that’s unless you’re willing to live inside a cardboard box on the street with a rusty cup in one hand groveling to people for money and for food. Have you gone outside and checked the prices of common daily items like food? You’d be surprised!

At this point it’s not enough to just tell people to live below their capabilities in order to survive, if that would be the case everyone in here’s gonna be filled with gall stones from all the ramen noodles we’ll be eating. Change in the way the government handles and processes money is more important than anything since they are the very reason money is losing value anyway!

The fact of the matter is, loans exist and people take loans because of their apparent incapability to find the spending power they need for what they need to acquire, no person that’s sane in the head’s gonna take out loans willy-nilly just because he wants to. It all books down to the need, and the lack of power to fill that need which leads to people taking out loans.

Add to this the fact that most of these loan apps and services are downright exploitative, in the Philippines alone, a senior citizen who took out a loan and was unable to pay due to circumstances was threatened by the loan app she took the debt with by sending her a coffin, as if to say that they’ll kill her if she doesn’t pay. From that notion alone you’re going to realize that be it debt pr what, the fault lies not to the person who took the loan but to the circumstances that lead him to that moment.

I do not know how this holds ip in court but with every transaction in the blockchain a recorded hash is created, this will signify that a transfer of assets has happened and it has helped people be absolved of crimes in the past at least in the community and local friendship circle level, but my line of thinking is that if you can use it as an immutable and verifiable evidence for stuff like this, then that makes it all the more a capable form of evidence when shit hits the fan and you find yourself persecuted for crimes you didn’t commit, with only leads redirecting you to cops being anything but these transaction hashes I’m talking about.  

Good point, but that’s becoming a little obsolete nowadays. We’re practically exposed now more than ever so mere anonymity thanks to bitcoin is a little too ideal, I’ve heard news and seen people from across the space get found out and exposed for using bitcoin, even came so far as to cause financial issues for one guy who got found out by her ex wife to be hiding bitcoins from her, long story short the judgment didn’t go for him and he prolly lost a huge chunk of his property in the process.

So perhaps if you’re trying to seel bitcoin and its benefits to other people, let’s put security and anonymity at dead last, we’re slowly transitioning to a world that’s more exposed and bitcoin not dojng anything to improve upon these attributes that once had set it apart just makes things a little sticky for it.

Looks like they’re cooking something over there that we all could take part of when the bull run arrives. In any case, while I think this is still as great as any news for bitcoin and its price, we also have to consider that this has been a very common news in the space that people like me are already getting tired from it. Hopefully something monumental on their end happens soon, otherwise seeing news of Microstrategy buying humungous amounts of bitcoin’s not gonna do well with the impressions, given the fact that this topic’s running as early as 2017 if I’m not mistaken.

I’m more concerned about the history of this free electricity you’re talking about. I bet it’s something that came out of a government-sanctioned infrastructure like a public school or prison, although the former is more plausible for obvious reasons, and in that regard I think you should ensure first that you won’t get into any trouble using that free electricity for mining.

Asics are loud and you can’t hide them easily cause they are bulky as hell, so when a search warrant’s held against you you can’t do anything about it, plus if you can’t afford paying for your own energy, I think it’s enough a reason not to go through with mining cause I’d assume this will not go on forever and at some point in the future you gotta have to live on your own by yourself, if you can’t sustainably manage your mining rig by then you’re going to have a problem.

Looks like the fight is really on, saw Dana White the other day wearing a shirt that says Elon vs Mark or some shit which I suppose is to be used as promo material for this upcoming fight, and then just yesterday news spread out that Elon is already training for the fight. This one’s a real banger. I was in it for the memes and the fact that two billionaires are gonna get their faces bashed in the octagon but now it seems like they are taking this stuff seriously and are really mad at each other for some reason. In any case this will definitely hold up well when push comes shove and they start fighting each other, which by the way correct me if I’m wrong, still doesn’t have a definite date yet right?

People see bitcoin's propensity to reel in profits in massive hauls and the first thing they think of is that it helps solve poverty. It's not and it shouldn't be looked at as the one thing that could help you out of that poverty hole you're in. Bitcoin is a tool that could help you reach financial freedom yes, but to get there you actually have to put in money in the first place and start with learning trading disciplines and all that. If you can't afford even coming up with the capital then there's no chance bitcoin could help you even if it tried.

Plus it's not always rainbows and butterflies with bitcoin mind you, there will be times when bear runs will drive you insane and put you on a negative balance, people who can afford to lose money like that are at least able to get by in this industry, at most achieve success, but if you couldn't cause you're impoverished in the first place, how would you be able to?

Lmao I think so too. I honestly wouldn't go out of my way to defend bitcoin against people especially if there's no benefit to bitcoin or to me with the argument, but to each their own I guess. And while I agree with the fact that depositing bitcoin alone isn't enough to "wash" the dirt out of your money that you want laundered, there are ways to do so. Mixing bitcoins and cryptocurrency for one which in the past are just used to make bitcoins you own anonymous again are now being used or at least I suspect of being used by bad actors in the industry to launder money, so while you guys are correct with bitcoin not being great in itself as a money laundering tool, there have been methods that these people saw as a tool to launder money anyway, so the neighbor in a sense is still correct.

All in all, not gonna argue with people who are like that. props to op i guess for convincing an indignant bitcoin hater to appreciate bitcoin but I personally won't go out of my way to just defend bitcoin lmao.

Anyone sane will say these two, maybe even both like me.

Either you wanted to invest on yourself, or invest in your wealth more. It's plain simple. Upon achieving financial freedom, the burden of living day to day chasing that bag is finally over, and while during the ordeal you might find the whole thing taxing and depressing at times, I'll tell you that once the dust has settled and you're no longer broke, you'd miss the days when you're busy as hell. Which is why you'd find things to be busy about where you could sink your hours in. Some find it through working out and becoming a healthier version of themselves, some people invests in memories and experiences, so they go out, travel, hike, all that stuff. Some invest in luxury, they'd buy stuff that they think they need or deserve, and then buy some more. It all boils down to filling that need to pass the time, and this is the common stuff that people who are financially independent do.

On the other hand, we have the sigma grinders (lmao), people who'd find more opportunities for work instead of relaxing and taking this opportunity to finally relax, whether it's the fear of losing this financial capacity or the utter boredom that lead them to find work again, it's all about once again, finding the perfect activity to pass the time, and to these people, this is just the best.

Gut feeling can only get you so far my dude. The fact is that they romanticize these failed investments not knowing that this classic business tip you say might've helped them dodge a ton of failed ideas in the past which could've costed them millions and more than what they missed out on these investments they didn't sign up with. It's important to be in tune with your own feelings, but most importantly you also have to stay grounded and base your business decisions on logic and reason alone, as these two will make sure your business stays afloat no matter what, or fi you're an investor of the outside market, would at least ensure that you don't fall for obvious traps no matter how enticing they may look.

Besides, it's not his fault that the people who pitched him the project's not good or well founded enough to explain to him how they'd earn money from the model.

Blackrock’s ETF was just approved by SEC, as well as a couple distinctions made by  the commission regarding the fact that they do not see bitcoin as a threat and will therefore not take any counteractive measures against it in the future. All of this lead to bitcoin pumping in value from 23k to 30k in a span of days. Although I myself don’t believe thet this is enough a catalyst to start the next bull run, considering that we’re still pretty much stuck in a mire and the only saving grace we have in guarantee is the halving which will jot come at least until 2024. In any case, sustainable or not it’s still a spectacle and a welcome one a that too!

I’ve stumbled upon bitcoin not on a social media site but something that is close enough. Gathered enough information about it, and from there my cryptocurrency journey commenced. While I strongly believe that social media’s still the best avenue for people to learn about bitcoin, especially nowadays when bitcoin’s more prevalent in social media like Facebook and twitter, I believe that any other medium as long as it conveys the point across nicely will still be as effective as any other method there is.

None here that's available or that I know of, so I haven't really used a bitcoin ATM all my life. Would like to try it at least once though, if not for the fact that I've heard circulating stories about these bitcoin ATMs becoming the new brooding ground for thieves who go out there stealing your info and in turn your crypto. So as much as I abide by the YOLO motto, and as much as I would like to use a bitcoin ATM for the same reasons, I don't think it's that worthy risking all my investments just so I could experience it one time.

I don't see it as something that would see much use either, at least for now. Global adoption hasn't arrived yet and would likely not arrive within our lifetimes if the current rate at which bitcoin is accepted by the public and the government is followed, but no matter. All I'm saying is that it's not as major or as beneficial as others make it out to be, as it stands today, these ATMs are more like a gimmick rather than a usable item.

Either they cash it out in one go or they cash it out by sending it to different addresses to not rouse suspicion and then cashing it out through those wallets. It’s been a staple tactic that always works since time immemorial since bitcoin has nothing it has against selling of huge quantities of bitcoin anyway. But if you’re worried bout whales selling their holdings and then dumping the value of hitcoin for their benefit then I got good news for you, it’s not as major as think it is. For one, bitcoin is decentralized, and democratic so the common people still holds the power against the one percenters. The whales know this much and are in return making sure that bitcoin is kept alive because the moment everybody jumps ship in this train whales and everyone will have nothing to use anymore,

The thing is. The government and the bylaws that it had created "in the service of the public" is nothing but a facade to shelter and protect the interests of a few. Just take the tax code for example. Why is it that the normal people are getting incarcerated for wrongfully calculating their tax but rich people can go out willy-nilly without consequences? Why are they being exempted from sanctions that the common people are supposed to suffer should they break the law?

We could talk about how important it is that we change the paradigm between the rich and the poor but even if we are given the opportunity to, the government will intervene as without these 1%, they wouldn't be able to secure a place in power and would not be able to perform graft, instill biases on real laws that could affect the lives of the millions, and much more.

I mean. If you still have emergency funds then might as well. That's what it's used for anyway. I would see selling of assets as a last resort especially if you're in no position to let go of these stuff, like a car or a house for example, if let's say you need those to get by and help with what's powering your finances like work or business. Use your emergency funds first before selling your assets. that's basically it.

But if you still could weather the effects of inflation in your country, I'd highly suggest you wing it for the meantime. It's a little drastic to use your emergency funds for expenses when you still could manage your finances and budgeting albeit a little harder than what you're used to. If you could still stand to carry on with this current setup, withhold from spending your emergency funds or selling your assets just so you could live comfortably. If thing go sour then use emergency funds, if those dry up then sell assets. simple.

Buyers will be buyers no matter the price point. You have to consider that bitcoin in the past was worth less than a dollar and if you're going to look at bitcoin now at 30k, it's much more justifiable if people were to not buy from this price point, since 30k to 100k is just a mere 3x the price whilst the former is a much larger number if you'll think about it, and yet they still do, people still invest in bitcoin and buy it for reasons. It's just how the market goes and bitcoin will always receive support from people no matter the market situation or the general confidence of people in the cryptocurrency industry. You also have to take into account that beyond people who wanted a quick profit in this industry, there are those who invest in bitcoin to save the valuation of their riches, regardless of how much the price of a bitcoin is, they are still technically buying bitcoin.