Yeap. I'm thinking more of an easily on-off toggle-able privacy option on hot wallets. Basically for those casual users that want privacy, but isn't willing to learn about utxos and other stuff that might be too technical for the casual everyday user.

But yea I mostly agree on the custodial part.

It sure is mutual. Screw those other coins though. It's funny how that they LTC and XVG while they seem to have decided to not accept ETH even if it's like the 3rd most liquid cryptocurrency we have right now behind USDT and BTC. Not that I like ETH, but yea.

It's pretty simple: It's because there are a crap ton of bitcoin being sold at the $19,000+ range.

Take a look at that gigantic sell wall on Binance:

Yeap. Ang di lang natin alam is kung smart enough ba sila na makita nila itong opportunity na to. Mejo no brainer move to na tipong baka kahit 5x na mataas ung fees nila compared sa Coins.ph e matatalo parin nila due to sa laki userbase nila.

It was apparently because of PornHub not doing anything about those unsolicited so called “revenge porn”(a.k.a rape) videos along with videos with minors.

Technically this is good news for Bitcoin as it just proves that bitcoin is unstoppable money, I sure wish PornHub does fix their shit(assuming the accusations are true).

The easiest no for me. I'm planning on holding bitcoin up to the point that I wouldn't even need to sell(besides small amount of coins for bills and such assuming we still can't pay with BTC on stores at a certain point).

The only exception would probably be something like a family member in a critical condition and need a huge amount of money asap. Parting with my coins would suck, but carrying huge amounts of guilt til I die would suck a lot more lol.

Then why post in the first place? If you don't have the time and you're really not interested, why force yourself? What you're planning on doing is pretty much either plagiarism, just straight up spam, or both. Not to mention that Google translate isn't really THAT accurate with translations especially when talking about articles.

I guess you're right, I totally ignored the network effect aspect. Pretty much somewhat a "strength in numbers" thing. While I'm not sure we can do anything with the KYC thing, and while I think it's a bit too unrealistically optimistic to think that most people would be doing coinjoins and mixing for on-chain privacy, I hope we get to a point where some coinjoin or mixing occurs by default on wallets(probably after every tx, or something).

You do you mate. But once shit hits the fan on the exchange you're using, don't tell us we didn't warn you. https://cryptosec.info/exchange-hacks/

Sana naman hindi nanaman to hiwalay nanamang cryptocurrency, pero sa mga terminology palang na ginamit gaya ng "cross-border transactions" ganun na nga ata, pero wag naman na sana ulit. Porke mejo tumaas na ulit ang crypto markets e eto nanaman tayo.

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EDIT: Nahanap ko to:

Buti naman at mukhang bagong wallet app lang.

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EDIT #2: Di na ata nila inupdate ung lumang pactoken page: https://pactoken.io/pactoken

"Manny Pacquiao holds a 1-day boxing crash course. To participate, there is an entry fee of 1000 PAC Tokens"



$0.0000701 * ₱48.14 = ₱0.0034
₱0.0034 * 1000 PAC = ₱3.4

Oh mga kabayan, 3.4 pesos lang pwede na nating makilala si pareng Manny. Kitakits!

It's pretty difficult to be totally anonymous, but you can maximize it by purchasing through non-KYC exchanges such as HodlHodl[1], LocalCryptos[2], and Bisq[3]. That way, only you and the person you're transacting with(and the platform) knows about the transaction.

Run them through a joinjoincoinjoin service(Wasabi[4], Samourai[5], JoinMarket[6]) or a mixing service(ChipMixer[7]). Along with that, follow basic privacy guidelines such as not reusing addresses and coin control.

Pretty much run Bitcoin Core[6]. Not the most user friendly, but if you really want to maximize privacy then go use it. You can run it through Tor which is a huge plus in terms of anonymity.

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[1] https://hodlhodl.com/
[2] https://localcryptos.com/
[3] https://bisq.network/
[4] https://wasabiwallet.io/
[5] https://samouraiwallet.com/
[6] https://bitcoin.org/en/bitcoin-core/

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EDIT: typo

Extraordinarily too ridiculous to forget an invention that's been getting a lot of attention lately don't you think? A lot likely for Satoshi to be either dead or simply refusing to touch the funds for whatever reason.

If it's the case that a "hacker" manages to gain access and if the hacker does dump it, sure. But that's a huge "if". We're talking about a person or group that has managed to stay anonymous for a decade here. You'd assume that he/she/they know how to secure the coins.

Let me introduce you to this thing called the Lightning Network: https://lightning.network/

It's a somewhat slightly understandable excuse(though not enough to get me convinced) if it's the case that a certain person doesn't really care about AML/KYC. While I think they should care, if they don't, it's really none of my business. But this is completely assuming that only the hot wallets of a certain exchange gets hacked. If everything actually gets compromised(which is nothing new), welp, good luck getting reimbursements.

I was thinking about this too because of the youtube-dl fiasco. I might actually create a separate topic for this soon(unless we get a clear answer here) to hopefully get an answer from the highly technical folks.

Not sure if you've heard of it but remember the youtube-dl fiasco like more than a month ago? Probably might not happen, but it's really not outside the realm of possibility.

https://thenextweb.com/dd/2020/10/27/github-took-down-youtube-dl-so-devs-made-more-copies/
https://github.blog/2020-11-16-standing-up-for-developers-youtube-dl-is-back/

Obviously this is for people who actually don't actively trade and just hold bitcoin as a speculative investment, and probably the traders that doesn't want to provide KYC/AML documents. Not sure why I have to make this clear lol.

I get that some people are simply too technologically illiterate to be able to self custody(especially the older folks), but it's mostly laziness and carelessness. The "Learn the hard way" way of learning is definitely at play here, the same way how a lot of people only become security paranoid only when they already got hacked.

"Not your keys, not your coins"

- You're probably already pissed off for hearing this a thousand times already, and this has probably been said a bajillion times already to the point that it's probably one of the most quoted statements in the bitcoin and cryptocurrency space.

Now, if the concept of not actually owning the coins on your exchange account doesn't make you uneasy enough..

Well, hopefully this does.

There has been rumours about the U.S. Treasury and the controversial Steven Mnuchin rushing out a regulation concerning non-custodial wallets. Now, what would the regulation most probably be about? Most likely, heavy KYC, and heavy invasion of privacy in general.

As per Brian's Tweets: "This proposed regulation would, we think, require financial institutions like Coinbase to verify the recipient/owner of the self-hosted wallet, collecting identifying information on that party, before a withdrawal could be sent to that self-hosted wallet." Imagine needing to reveal who you're sending your funds to everytime you send out your coins.

Take note though, the rumours aren't just from some random nobody on the interwebz. It's from Brian Armstrong, Coinbase's CEO. Definitely a huge name in the space regardless if he's quite controversial himself, and definitely not a rumour that we should just be ignoring.


If you're interested in the whole Twitter thread, I linked the full thread in article form(for better viewing) along with other articles at the end of this post.

Some people on other communities like on crypto Twitter are really concerned that some of them are telling people to get ready to "go dark" if ever such a strict regulation gets into effect.

And, it seems like some people are probably not taking this rumour lightly. As per data from Arcane Research(and glassnode), well, there has been a dip on the number of user's coins left on exchanges. Did the rumour cause this? Or is it just simply long-term holders withdrawing their coins to non-custodial wallets for long-term holding? No way to know for sure. But take note that the Tweet was posted on November 26th.


The question is: will this just be purely a rumour that will not amount to anything soon? Maybe, maybe not. But one thing's for sure, is it worth risking? In my opinion, definitely not.

And this is just the start. As Bitcoin grows in terms of adoption, expect things to get tighter and tighter. Better be safe than sorry.

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Some articles if you want to dig deeper:

• Brian Armstrong's full series of Tweets in article form
• Coinbase CEO: Trump Administration May ‘Rush Out’ Burdensome Crypto Wallet Rules
• US Lawmakers Tell Mnuchin to Back Off From Potential Crypto Wallet Regs
• Industry Pros Weigh In on Rumors of New Crypto Wallet Regulations
• US Lawmakers Tell Mnuchin to Back Off From Potential Crypto Wallet Regs
• Bitcoin, crypto stocks plunge amid Steven Mnuchin's rumored regulatory bombshell

Yep. A easy red flag for those kinds of users(though not literally everyone, of course) are those with 250/500/1000 flat merits. Those who were early enough to be lucky to receive the merit airdrop, but never ever received an sMerit lol. What's funny is that a good number of those kinds of users were already here since around 2013; pretty much almost a decade of activity here but yet you don't see any improvement from them. It's mind boggling!

True. They can only help to a certain extent, but there are just so much outside factors outside of technical analysis that can render your "analysis" useless. This is why I would probably only recommend technical analysis for day traders.