The thing is, it will be a impossible task to determine that, because you do not know if someone has split their coins into say 20 different addresses with 2 or 3 coins each. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) It might have been easier to determine that, if there were no mixing of coins being done, but after the introduction of mixer services, this all became impossible to trace. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) A lot of these old bitcoiners also used services that are closed down now, so you will never be able to trace that back to a specific individual. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Ah no, are we really going through all that drama again! ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Why do these people not simply create their own Alt coin with all the features they want and be done with it? Yes, the FREE coins are nice, but it dilutes Bitcoin's value in my opinion and it splits the community with all the drama that are associated with a split like this. Yes, I know this is how things are supposed to work and consensus should decide what the "real" Bitcoin is, but this is getting very old now. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif)
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Wow there are a huge leap between Nigeria and South Africa! I would have never guessed that and I hope the large amount does not consist mainly from bitcoins that were used in scams.! <Nigeria is famous for their scammers> ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) It is also strange that ATM distributors are not targeting countries like Nigeria. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Coinatmradar.com shows zero hits for Nigeria. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) I see they also have only 11 Bitcoin exchanges in the country, which is not a lot for such a large amount of money going in and out of Bitcoin. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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I think the key thing to grasp here is that this is just a method to explain to people who does not have the ability to understand the numbers involved with Bitcoin. They can actually see a mental representation of those numbers, if they think of the magnitude of sand that there are on earth. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Nobody has actually counted the exact amount of sand on earth and I think it will be impossible to do that, but you can imagine the enormity of this number, if you think about the total amount of sand that there might be on earth. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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A lot of strategies are being put in place to make Bitcoin independent of the Internet. <Example : Satellite> because we need redundancy, when governments wants to shutdown or firewall Bitcoin traffic. The problem is, people can use Bitcoin without having access to the internet. < Person A can give a physical Paper wallet to person B for payment for something and nobody can stop them > ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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The problem is that most of these developed countries where these ATMs are manufactured and distributed are getting good returns on their investment, because these ATMs are getting a lot of traffic in developed countries and if something goes wrong, then they have maintenance technicians close at hand. Distributing these machines to developing countries comes with a lot of challenges, like regulatory differences, currency exchange rates <charging local rates can make these machines very expensive>, taxes and less traffic. There's also a lot more users that trade in huge ammounts in the developed areas. In the undeveloped areas, the atms might find i difficult to create revenue with its few users, which will just make the fees go up... Yes, numbers might influence their decision, but the problem is that most of the population are very poor and widely distributed in rural villages. Another problem is the political instability and crime levels in a developing country, because criminals and dictators are operating in the same arena. You can have 300 000 000 people in a country, but more than 80% of them are surviving on less than $10 wages a week. ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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" In China and other Southeast Asian societies, a red envelope is a monetary gift exchanged during holidays or special occasions. Over the past couple of the years, the tradition has gone digital with Tencent and Alibaba both offering virtual red envelopes. The digital version has caught on and last year, the number exchanged on WeChat was an impressive 46.6 billion - the equivalent of 33 envelopes full of cash for every person in China. That's a huge increase on 2016 when the red envelope count came to 8 billion. " https://www.statista.com/chart/12919/chinese-new-year-will-see-billions-of-digital-donations/Why did they go for "Ethereum, EOS, and Torn" for this --> https://www.cryptonewsz.com/blockchain-cuties-gifting-digital-gifts-in-celebrations-of-the-chinese-new-year/7593/ Will we see more Blockchain and Lightning Network focus on this celebration next year? I sincerely hope that the Bitcoin community can see the potential of digital gifts in a massive market like this. ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) Let's give the big boys like Tencent and Alibaba a Bitcoin run for their money in 2020!
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Very interesting point of view, but I'm afraid in the end the bank still wins. People withdrawing their money from banks will likely lead to one of the following scenarios:
a) Central banks will allow banks to run on smaller fractional reserves and / or print more money lend more money to banks. b) Banks will charge higher interest rates on what little money they can lend to people due to supply and demand.
Neither of which would be a pretty sight. Let's keep in mind that debt is inherent to the way our current economy runs, so it's unlikely to go away easily.
The point I am trying to make is not the elimination of all debt, but rather the reduction of global debt levels. Yes, the Reserve Banks will never stop printing money and dishing it out to Banks and interest rates hikes are under their control, but we can do our best to counter some of this, by not giving it to them on a plate. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Governments control every aspect of fiat currencies and they even control the value of that currency, so we are fighting to protect our wealth. <Interest rates / Inflation / fractional reserve practices etc.> Our only tool to fight back, is not to support them and by shifting our wealth into financial instruments that are not under their control. <You can still pay your taxes, but you do not have to vote for them or support their manipulated fiat system.> I am happy with every single fiat currency that are removed from that corrupt system. <Fiat and Banks> ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Seems like the best protection is still security awareness. How easy it is for people to fall victim for this if they think any apps on Play Store is legit and checked by Google (did you, Google?).
But I wonder why the attacker use the clipper though, why not take the private key directly? I believe some users will enter their private key if they want to import their wallet to this app.
The Private key is never exposed when you transfer funds from your address to the next. This attack is centered around the replacement of any destination address with the hackers Bitcoin address. So you might Copy the receivers address into the clipboard and then the hacker replace that address with his or her own Bitcoin address when you Paste it and hopefully you will not notice it and just click send. The Clipboard hijacking method is quite common these days, so you must always verify the receivers address, after you pasted it from the clipboard/memory. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) They use different methods to hijack the clipboard and apps on Google Play is just one of them. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif)
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They were only millionaires on paper, because they did not sell the coins to be millionaires. <or used it> ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) A lot of them still have those coins, so they might become Billionaires in the future, if they use or sell those coins when the price recover. An investor has to make difficult decisions to become successful and not selling everything when the price is at a all time high is one of them. Most of us have a long-term hoarding strategy and nobody knows if this will be successful or not, but we are willing to take the risk for a possible huge reward. Do you want to be a Millionaire or a multi-millionaire? It is your choice.
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I would like to say whenever I want to log in my bittrrex account,I use the existing bookmarks that I already stored.
This was your mistake, because a hacker can easily edit a Bookmark to re-direct you to a phishing site and once you entered the username and password, the hacker just retrieved the login credentials and changed the Bookmark back to the original site. This will mainly go unnoticed, because it will just result in a login failure for 1 attempt and when you close the app and try again, you will be re-directed to the correct Url. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) We have to be very vigilant with our browsing habits and for this reason I always type Url's for sites where people can get access to my coins. <Exchanges / Wallet providers / Gambling sites etc.> Bittrex will just wash their hands and put the blame on the customer. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif)
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The currencies that succeed, are not those that circumvent the state, but rather those that are legitimised by the state.
Bitcoin is currently the most successful Crypto currency and it is regularly circumventing government control. <State surveillance and Capital controls.> In many countries Bitcoin is not a legal currency and it is not legitimised by the state, but it still cross their borders and people are still trading bitcoins on the street. Regulation will not stop Bitcoin crossing borders or being used on the Black markets and Dark markets or being shifted to countries where it is legal tender. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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There is no difference between Pension fund money being invested into shares and money invested into Crypto currencies. We saw what happened to that Steinhof ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) shares, when large scale corruption and mismanagement was found in the company. The risk is the same, because companies can fail too. <New technologies replace older technologies and make some industries obsolete.> Institutional capital also have a diverse portfolio that are subdivided into low risk and medium risk and high risk investments, so they will never collapse if one investment fails. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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As we enter the era of inter-planetary habitation, we will need a currency that would meet the demand for these changes. A person may be working on Mars, developing software for a company on earth and he or she might get payment in Crypto currency that can be used between different planets. Alternatively, people could develop a Crypto currency specifically for Mars or other planets and switch between that currency and other currencies for other planets, when they travel between them. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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WOW, I never realized this but yes it's true as Bitcoin also is a finite asset and in limited supply as well. FIAT is never ending and inflationary in supply which only reduces purchasing power and technically has wiped out middle classes in many western countries, so now is the time to collect some Bitcoin and I would agree, that it can reduce debt as the fractional reserve banking system is the biggest ponzi on the planet and you all saw what happened to Greece in their bank RUN just a few years back. If everyone now went to the banks all at once and asked for THIER money, the banks don't have it. SO more you put aside in Bitcoin from your wages, it might save you from getting into debt later on when your FIAT money is worth less and less, but your daily expenses are getting higher and higher.
Exactly, it is not just the devaluation of our fiat currency that are putting us deeper into debt, it is also the fractional reserve banking practices that are pulling us down. Greece is the perfect example of this and I will never forget the sad pictures of long queues at Banks, when the country’s banks were closed and a daily cash withdrawal limit of some €60 were implemented at the ATMs. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) Will we never learn? The next economic crisis is around the corner and Bank runs like this will be the norm. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif)
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, we have mixers to protect our privacy. One of the most popular sites for mixing is ChipMixer,
This is very true,i think chipmixer has to be one of the most popular as its signature is everywhere all around the forum,and it must be providing quality services for it's users. Mixers all aid in keeping us out of prying eyes,and meanwhile,i haven't used one as of now,i plan to soon,and I definitely will go with chipmixer,as it's been advertised by trustworthy members of the forum I am glad to see that our contribution to the Chipmixer signature campaign are helping to build a Brand. Yes, you should definitely check it out, because it is very easy to use and it is also very cheap. I have done 1000s of transactions via this service, without one single hiccup. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I see a lot of other mixer services listed in this thread, but I do not know if any of them can be trusted. The Big Brother 3 letter agencies might be behind some of these services. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) I think a safe bet would be to mix coins via several different mixer services, in the hope that you might hit the service that are not operated by a 3 letter agency. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) <Definitely include Chipmixer into that, because it has been around for years and we had not had 1 report of someone claiming that their mixed coins were traced back to them, when they mixed it with Chipmixer.> ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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I have tried freebitco.in which is stated in bitcointalk when you want to earn free BTC and I did reach 0.0003 satoshi which takes a long time to reach that. One of the reason why most people think that faucets are not good or profitable because of earning a btc in small amount.
The secret to freebitco.in income generating power is not in the 1000s of individual faucet claims that you have to make, but rather in the 100 000s of claims that your referrals are making to generate a passive income for you. Add to that the 4+% interest that you receive on your daily balance and you will quickly see the benefit of using this site. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I started with freebitco.in when they paid 1000 Sat/hour and those accumulated Satoshi's have significantly increased in value, when the Bitcoin price hit $18 000 in 2017. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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This is rubbish. Why would they use Coinbase with all those KYC/AML requirements to channel money for terrorist funding? This might be a reason why Coinbase has not reacted to this, because they want to keep those channels open to follow the source of the money. <Coinbase has a wealth of information for 3 letter agencies, because KYC/AML requirements helps them to track the coins> Coinbase can be the honey trap for people who are stupid enough to use their services for criminal activities. <In this type of scenario, Bitcoin can help to detect terrorism funding and to track it back to it's source.> ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Ok, let's forget for one moment that Banks are also getting money from thin air, when Reserve Banks are printing money. Let's just concentrate on the millions of deposits that are deposited into Banks on a daily basis and that most of this money is borrowed to other people with interest. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) This money is channelled to loans <Short-term and Long-term> and people pay interest on those loans, resulting in higher debt. So, when people remove their money from Banks and they invest in Bitcoin, they actually reduce the amount of money that Banks can loan to other people, effectively reducing global debt. This is why we always tell people not to buy bitcoins with credit cards or loans, because you are borrowing money from Banks to invest in Bitcoin and that increase debt levels again. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) Hoarding Bitcoin also stimulate a saving habit and that helps to counter increasing debt levels. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Bitcoin is knowledge, because people can have financial freedom for the first time in their life. The knowledge required to achieve this, is minimal, but you have to see the restrictions on your financial freedom with the fiat system, before you can make that decision. The Banks rely on people's stupidity to thrive, because they want people to pay them to store their wealth and they also want them to be stupid enough to pay them to use that money. <High tx fees and interest on loans> Remember the money that they are charging interest on, is your money that they are loaning to other people. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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