It's been a pleasure to join this forum and discuss cryptocurrencies, but it's time to say goodbye, as I have other things to do.

Moderators like the ones here, who don't abuse their power and let everyone express their point of view, are very rare these days. Cheers.

/Over&Out.

 

Bitcoin at that price would die due to low security and constant attacks - every script kiddie could target it with a medium-sized botnet.

99.999% of miners would abandon it completely, aside from a few hobbyists, because no one mines without profit.

So why would anyone buy it? I'm sure there would still be people willing to buy, but it would be like purchasing a dead scam coin that pulled a rug pull ten years ago.


Monero would take over as the only cryptocurrency not used purely for speculation, but for real-world purchases. This event is referred to as "the flippening."

/Over&Out.

Total nonsense.

If you're sure about the investment and planning to hold long term, I don't see a problem.

I'm an "all eggs in one basket" kind of guy myself and see diversified portfolios as a sign of uncertainty in an investment.

Is it risky? Yes. Is it substantially riskier than diversification? It depends. If you buy ten or twenty different cryptocurrency projects, that's very poor diversification and actually increases the risk of losing money with each project added.

If you diversify into other asset classes, like precious metals, real estate, etc., that's true diversification - and it's safer.

Now, we're talking about investment money - this does not include your overall wealth, which may already consist of assets from other classes.

I would never go "balls deep" into anything without having much else to fall back on.

/Over&Out.

Bitcoin is #1 only in market cap, everything else… not so much.

I would also disagree with the statement that it can never happen to Bitcoin. Look at how much single entities own - they could tank the market at any time.

/Over&Out.

Soon™ - I can guarantee you that they will never do this.

They will run this circus for as long as they can before the authorities raid them.

Some back story of one of the folks behind:

Giancarlo Devasini (Co‑founder & CFO) In 2021, Devasini paid an USD 18.5 million penalty to settle with the New York Attorney General over Bitfinex’s improper use of Tether reserves to cover losses following financial strain in 2018

He also had business dealings (as liquidator of Perpetual Action Group Asia) with Gennaro “Reno” Platone, convicted for large-scale VAT fraud tied to organized crime, though Devasini was not charged, his transactions and association were highlighted by investigative reporting.

I'm sure there's much more to him and everyone else involved in Tether, they just haven't been caught yet.

Tether is a criminal organization, if you can't see it - you're blind.

Some more interesting stories:
https://cryptonews.net/news/legal/24673712/

If a country does not allow its citizens to walk with a loaded gun, it is not worth paying taxes there.

Remember this when some engineers stomp you to death in the middle of a city while living on social benefits funded by your taxes.

And who are against guns? Politicians with armed security living in their guarded castles, and brainwashed people who think guns equal school shootings while turning a blind eye to other European countries where guns are allowed and there are no school shootings.

Meanwhile, gun crimes have increased over the last decade in the UK.

Seriously, financial debt is the least of your worries.
 
 

I'm sure you're all familiar with Tether "audits" by BDO Italia, but not many people may be aware that it's actually only an Attestation, not a full audit.

What's the difference ?

Attestation reports provide a snapshot, but lack the detail, independence, and rigor of financial audits conducted under Generally Accepted Auditing Standards (GAAS). Attestation process relies heavily on data reported by Tether’s own management, with only limited external confirmation.

As of March 2025, Tether CEO Paolo Ardoino confirmed the company is actively in discussions with a Big Four firm to perform its first full audit, a process described as a “top priority,” though no firm has been officially engaged nor are audit dates confirmed.

On their site (https://tether.to/en/transparency/?tab=reports) You can read:

As part of our continued commitment to transparency, we have published Reserves reports quarterly.4 In addition, Independent Auditors’ Reports on the Reserves reports are prepared by BDO Italia, an independent third-party accounting firm as of the end of our quarters.5 Our reports demonstrate that our Reserves are greater than the redemption value of Tether Tokens in circulation on the dates reported.

With a small print on the bottom of the page (because they had to):

The information presented is subject to the limitations, qualifications and assumptions expressed in the accompanying reports and subject to Tether’s Terms of Service, including Section 12 (No Representations & Warranties by Tether) and Section 13 (Site Content). This information is provided as part of Tether’s continuing commitment to transparency and should not be relied upon in a decision to utilise its services or to hold or transact in Tether Tokens.

So, in short: you use it at your own risk. We've never had an audit, but we really would like one, which is why we're trying as hard as we can not to get one.

Just look how nice it looks:



Auditors, Auditors, Auditors - and so many people think they were actually audited  

So, he was sick but not diagnosed in time. Healthy people don't die unless they're stabbed.

Just because someone looks healthy, doesn't mean they are healthy.

Stop being ridiculous.

/Over&Out.

I don't see any code, only some promises of "doing it". 

Sometimes it's better to sell an old car and buy a new one that will drive you from point A to point B more efficiently, with all the previous generation's problems fixed.  

I have used KuCoin for some time now, fast and reliable. I've never had a problem trading XMR -> USDT -> EUR.
Just as with any other exchange, divide large amounts into smaller ones and never send the next portion until you have withdrawn the previous one.

Wallet security doesn't matter in this case. In the near future, QC may take over your coins by deriving the private key from the public key.

The rate of development increases exponentially, not linearly, so judging future progress based on what has been achieved so far is incorrect.
There are engineering problems that take years to solve, then it’s just a matter of scaling and further optimizing the technology for the consumer market.

| Year       | CPU Model                        | Transistor Count  |

| 1971       | Intel 4004                          | ~2.3K                  |
| 1985       | Intel 80386                        | ~275K                 |
| 1993       | Intel Pentium                     | ~3.1M                 |
| 2000       | Pentium 4                          | ~42M                  |
| 2006       | Core 2 Duo                        | ~291M                |
| 2008       | Core i7 (Nehalem)             | ~731M                |
| 2011       | Xeon/Core i7 (6-core)        | ~2.27B               |
| 2014       | Xeon Ivy Bridge-EX           | ~4.3B                 |
| 2019       | AMD Ryzen 3000 (Zen 2)  | ~5.8B total         |
| 2020       | AMD Ryzen 9 3950X         | ~10B                  |



You can observe this technological progress in every field. Take cars, for example: 20 years ago, 500 hp and sub-4-second times to 100 kph were reserved for exotic supercars. Today, you can find these numbers in family wagons and SUVs, while exotic cars have moved to 1,000+ hp and sub-2-second times to 100 kph, even with all the ecological restrictions imposed on them.

And how long have cars been in development? Since 1885?

We are not at the technological peak, we are still cavemen who have barely stepped out of the cave, and the snowball has just started to roll.

Let's not forget that there is no formal mathematical proof that SHA-256 is unbreakable, only strong evidence that no efficient attacks are currently known.
With the current advancements in AI, which may soon (or already) be smarter than us, new threats to breaking these cryptographic assumptions may arise.


Yes, but banks and other entities you pointed out can recover faster and upgrade more easily, as they are centralized and do not lose much business in the process.
Bitcoin would lose a significant portion, as people would lose trust in it, and it is neither easily recoverable nor easy to upgrade (hard fork).

Which experts? give us names, source of information.

Just please, don't link us to AI generated articles.

It really surprises me that there are still people who can't grasp the fact that quantum computers will break current cryptography in Bitcoin in less than ten years.

Don't listen to people who say it's 50/50, a speculation or just some kind of scare tactic, read what cryptographers have to say about it, not some random Joe who only knows what he read on forums or heard on YouTube.
Then you'll understand why quantum-resistant cryptography is already being heavily developed and tested.

Due to Bitcoin's transparent nature, old addresses holding thousands of coins could be easily targeted and taken over by an adversary using quantum computers.

Bitcoin will need to hard-fork and either take action regarding these old addresses or simply leave them to be taken over.

If Bitcoin doesn't hard-fork in time, it's game over.

As for the OP's question, you could send your coins to a newly generated wallet address, such as P2PKH or P2WPKH, which do not publish your public key on the chain.
The public key is only revealed when the coins are spent, giving you protection against certain cryptographic attack vectors.

Another scenario is that the wallet had some weaknesses, like poor entropy, and some smart bastard with a lot of horsepower, good coding skills, and a bit of luck managed to find its private key of this lost in time coins.

But I do believe he could have held it all this time, as I have been holding a big stash myself for almost a decade, treating it like my bank account and It's so much I'm unable to spend even a small fraction of it in my lifetime.

Except no one knows when I'm using it or how much I have, as I'm using Monero. 
I would feel uncomfortable (to put it mildly) seeing posts like this all over the internet about my personal account.

Life's good  

He posted more than once, but moderators are quick to react when you report it.

I thought I’d post a warning anyway because, at some point, moderators might be away for longer, and it’s always good to educate newbies about potential dangers.

/Stay safe.

Example:




This retard thinks he is clever. He included a link in the PDF to an obfuscated script that does not look harmful, but when you decode the strings, you'll see that it downloads malware to your computer.

He locks the topic immediately after creating it, so no one can post a warning.


Message to the retard: I’ve heard McDonald’s is hiring. You should check it out - with your “hacking skills” I’m sure you’ll make more money serving fries.

Oh, what an irony... Bitcoin today is a purely speculative asset.

Its use case as digital cash (as described in the fucking white paper) has been killed in order to make cash on "second layers," a.k.a. LN, which turned out to be nothing but a failure.

Some people still believe that these second layers will save the day, but even if we had a working project, Layer 1 lacks the capacity to support it, as proven during times of high network congestion with LN.

No one will ever use it for everyday purchases because the fees are too high and transactions are too slow, and no one will use it for large transactions based on real-world deals because it lacks privacy.

But it's great for a repetitive pump-and-dump scheme. 

/Over&Out.