It's a tough situation, but perhaps Bitcoin could implement some kind of tracking system to prevent tainted coins from being used in transactions. This could help protect both buyers and sellers

I have had my old Ledger Nano S for almost 2 years before I replaced the OLED screen because the brightness was slowly fading to the point where the display was barely visible^[1]. On the other hand, I have had my Trezor One for almost 1.6 years now without any software or hardware issues.

However, the longevity of any hardware wallet on the market still depends on how frequently it is used. Therefore, it is extremely important to always have your seed phrase backed up on secure storage in case something goes wrong or the hardware breaks.

Not pretty sure how the humidity could affect the hardware though..

[1] https://bitcointalk.org/index.php?topic=5406622.0

Citation required. Chainanalysis suggests otherwise. Even from their recent report, which included Hydra marketplace and Lazarus group, they have concluded that only a 25% comes form illicit activity[1].

Just a tip: you're making a privacy-related question to a narcissistic, anti-privacy and anti-Bitcoin (altogether) forum user who believes that money had had never privacy to begin with. Very poor choice.

[1] https://blog.chainalysis.com/reports/crypto-mixer-criminal-volume-2022/

payment codes are not mascaraing bitcoin addresses

its just where bob and alice PRE AGREE a 'secret'(privkey) so they can both create or know about each others next X number of addresses they both own so they dont have to send funds to the same address to know it gets to the same wallet of many addresses.. because emphasis they both pre arranged to agree on a secret for them to forumlate the addresses they will use

its the same as emailing some one your seed. or emailing a pre created list of 100 addresses

the added feature thing is to inform using an op return that your using their wallet key number XX so that their wallet can then scan the blockchain and update its utxo of incoming funds

because usually when someone uses a seed the wallet wont move to the next number unless prompted by wallet user to generate an address. so the prompt is put in a opreturn by the sender to make the receiver then move to next number to scan for receipt

its not about any special tumbling or mixing its just so that people who have relationships can send a second payment to a pre arranged second address without having to ask each time, nor having to send to same address each time

its not complex or anonymity fixing.. and it requires people to enter into a shared key relationship before using

---

mixers are actually black listed or suspect listed by regulated services becasue mixers are a non 0% risk factor for laundering.
and as wind fury says the the most opportune method for criminals to clean funds so regulators dont ignore it.
money has never been fungible. thats just the dream/pretend offering but it never has been.

 . the key is actually thinking outside the "privacy" box to offer a service that is outside the "financial service" box that does a different offering, and not be advertised as a anonymity /financial service. to not be defined as a anonymity service thus not be flagged as such. which although does not have such a promotion. the service as a side effect could offer people different withdrawals to their deposits

remember: services offering/advertising privacy/anonymity end up doing the exact opposite because offering such promoted stuff gets them highlighted due to offering it. being highlighted and watched is the opposite of hiding, obviously.

why do you think tax avoiders dont use laundering services advertised as laundering services and instead put property into a countries "freeports" to avoid tax. because a freeport does not advertise itself as a laundering service/mixing service/tax avoidance service. it just advertises itself as a border port with corporate private property law protections which as a side effect means no reporting or auditing

The political undertone with the ditching of the Dollar are very clear and one of the reasons why the BRICS countries are strengthening relations to rely less on the US Dollar and more on trading in other currencies.

China seems to be the leader of the pack and the driving force behind this, because they know that a weaker Dollar will give them a economical advantage and also a stronger military power, if they can strengthen their economy. 

This is exactly the best question so far to ask those influencers or just clout chasers because of the current market condition.

These people especially those on social media spread about trading, and most of the only content they are posting are those win trades or they are basically telling that you can make easy money on trading.

Bitcoin mixing is NOT money laundering, per se

They wouldn't mind that others use them if they want to, sure, but I don't see why they would. Think about it, if you are using a full-node client, it means you want to have your own copy of the history that your client has verified and ticked as correct. Why would you go from there to trusting my version or a different one, as mentioned in the OP?

It could surely be an attractive option for those of us used to light-clients, but I wasn't thinking about that user base when I wrote that post you quoted.  

One missing word from the seed is not too much of a problem, I think that finding even three words is feasible with today's technology in some reasonable time. As time goes on computers will become more and more powerful and some who have really messed up with their backup hope to be able to discover their treasure chest.

Of course, a lot of bad things can be avoided if we take some basic precautions, and one of the basic ones is to understand that only one backup represents a big risk, but even 2 or 3 in the same location in some cases will not help if it is about ordinary paper.

We keep going over the same points or perhaps very similar points.. and sure no problem.. yet you keep raising your points as if they were good (or something novel), and they are not.  

Part of the reason that your points are not good is because you assert them as if they were absolutes and you fail/refuse to put actual numbers behind your assertions or even to really flesh out the ramifications of what you are saying.. which seems to be a kind of expectation that anyone may well be employing DCA merely because they bought too high..

I say that the principle of DCA and getting the fuck started applies no matter the size of the budget, and really any of us should be figuring out what our budget is in order to know how much we are able to DCA without running out of money.. whether that is $100 per week, $10 per week or some other amount that is within our budget, and it is up to each of us to figure out how large our budget can be, and sure $100 per week may well be out of reach of a lot of normies, so if you do not like to use $100 per week as a presumptive budget then tell me what kind of a budget that you would like to use.

$10 per week?   or is that too much?  $10 per month?  

The budget can be whatever.. and any of us should still be able to employ DCA strategies and also hold some of the value aside in order to be able to buy on dips, too... and so how to divide that up, depends upon the numbers, and yeah if the cashflow is not consistent than that is another obstacle, but it does not necessarily preclude DCAing.  On the other hand, if the finances are so bad that a person is not able to actually put aside any money for investing, then that's another story too, but most people can figure out ways to put aside some kind of money by either earning more or spending less, and surely some folks live in place in which the salaries are low and other people live in places where things cost a lot... but that does not necessarily mean that they are not able to save or to invest, and once there is some amount of cashflow that can be saved or invested, then the strategies that come from that tend to fall into the main three which are DCA (which is the best) buying on dip, and lump sum.. and of course, HODL is likely a kind of fall back position.. which might mean that some screw up had occurred or maybe some other irregular kinds of circumstances.. which is not most people's situation.. even though everyone likely has various phases in their lives where it is more difficult to generate cashflow or to have any discretionary income.. and so of course, anyone who lives with exceptional circumstances needs to account for their exceptional circumstances, yet I am surely not going to presume exceptional circumstances.. so we probably should be trying to talk about base case and more common strategies and scenarios that should be applied rather than assuming exceptional circumstances.... which seems to be what you continuously want to do... talk about exceptional circumstances as if they were the base case.

So, yeah maybe $10 per week feels like it is not enough to be able to divide or whatever, but when we are presenting these kinds of hypotheticals, it is best start with some kind of a number, and if your whole budget that is available for investing into bitcoin is $10 per week, then maybe you might choose to ONLY DCA with $5 per week and you save the other $5 per week for buying on dips.. the fact of the matter is that you can work your amounts into your various categories, even if they are small amounts, and hopefully the longer that any of us invest into bitcoin, then the more likely our numbers should be getting BIGGER.. and surely no guarantees that the BTC price is going to go up, either, and it could take a long time to build up our investment portfolio, too.. especially someone who has a budget of $10 per week is going to likely build an investment portfolio that is 10x smaller than the person who has a budget of $100 per week and the one with a $1,000 per week will be able to build a portfolio 100x the size of the $10 per week person and 10x the size of the $100 per week person..  

Anyhow, we can go back over these various hypotheticals if you want, and I think that you are wrong when you are suggesting to wait for a dip in 2019, when you could have had started investing in bitcoin in 2013... It is just a ridiculous assertion, and yeah maybe you were too scared and whatever, and maybe you did not learn about bitcoin well enough for 6 years that you should have studied it a wee bit better, and it does not even matter what the price is going to do, get the fuck started, and don't be waiting.. and in the end, you can do what you like, but really getting started seems to be the best approach for anyone (historically it has been the best strategy to get started investing in bitcoin sooner rather than later, and really there is no evidence that either bitcoin's investment thesis is weaker with the passage of time, and there also is no evidence that similar kinds of assertive/aggressive accumulation strategies are not going to continue to have better chances to pay off rather than either whimpy approaches or wait and see approaches,  and even if the amount that is invested into bitcoin is a relatively small amount, after a couple of years of investing $10 per week, or whatever, anyone who had already been investing into bitcoin should be in a way better position to reassess his/her particular situation, and if the investment happens to be in the negative after a couple lf years, the right strategy is probably to just keep going/continuing with the same approach.. and maybe after 4-10 years of continuing to invest the results will start to be felt a bit better.. and even though there are no real guarantees, it is likely that we are going to have better understandings regarding whether or how to tweak our BTC accumulation techniques rather than than if we had waited several years before we even got started... So part of the point has frequently been to get started sooner rather than later... and to have time in the market rather than timing the market.. and again.. no guarantees.. do what you like... even though I continue to say get started sooner rather than later and at least figure out what your plan is going to be.. even if it ends up being a relatively whimpy plan... It is better to have a plan, especially in regards to something like bitcoin, than to not have a plan.


You seem to be mixing up DCA'ing and buying on dip.  By definition, you do not run out of money when DCA'ing because you are buying the same amount every week mo matter what.  

Many folks may well run out of money when buying on dip because there is a tendency to deploy extra money as the price is dipping, and as we know it keeps dipping... so part of the problem with any kind of trying to time the price direction is still figuring out how much of a dip is a dip... and it is not easy to get it correct, but with DCA, you don't try to calculate, you just establish a budget and you keep buying.

Of course, you can combine DCA and buying on dip, but that still is not necessarily asserting that you should give up on one or the other, but you could try to play both of them, and you should not get them mixed up..... even if you might say you are DCAing when you are not because some folks may well be buying more when they believe the price is lower and then buying less when the price is higher, and then such folks are NO longer DCAing, but instead employing some kind of a hybrid model.  

You can create separate budgets for buying on dip and DCAing and you can also have certain strategies that you employ if a large sum of money comes to you in which you allocate parts of the money towards each of the three categories... Let's say, for example, that all of a sudden you get an extra $2,400 that comes to you, and you won the lottery or something.  You could do whatever you like with that $2,400, but you also could assign 1/3 to each of the three categories.... $800 towards lump sum investing in which you buy it right away, $800 towards DCAing where you might spread it over 26 weeks or some other amount of time and in that case 26 weeks would give you nearly $31 per week.. and the remaining $800 could be for buying on dips, and maybe you already have some value that you have assigned towards buying on dips, but you just end up adding the $800 to your already existing plan.. so maybe every time the BTC price drops $1,000, you buy an additional $100 (so that prepares you down $8k from the current price.. so currently might prepare you down to $20k), but you may decide that you are not going to start to buy on dips until the price gets below $24k, and so then you might be able to add $100 per $1k drop down to $16k.. and of course, you can divide it up however you like in regards to how far you would like to prepare down for while also understanding that if the price does not drop down then you are not going to end up using that money.. and if the price drops down further  you are going to run out.. so you have to figure out for yourself in regards to how you would like to balance those three categories.. and if you would rather wait than to have a plan, then that's your choice... or if you want to hypothesize that the problem is that you are too poor and blah blah blah.. then that's your choice.. I still believe that you can plan whether you are rich or poor and you just figure out how you want to deploy your budget in a way that you believe is good for your situation... and if you believe that waiting is what you want to do, then that's your choice.. even though I doubt that waiting is a good plan.. and I continue to repeat that.

I am not sure how the Bitcoin community and pro full-node proponents will accept the idea of not being the ones that perform the full verification process themselves. If the idea has always been to verify and not trust, I don't see that changing. I guess it's also going to depend on how ZeroSync exactly verifies those transactions. An increase in centralization will surely not be something hardcore-bitcoiners will approve of.  

China's strategy for long term development is that they offer economic concessions to certain countries and make the country dependent on them. When that dependence forms, the country is at the whim of China -- should they ever be at odds, China cuts off the economic ties and isolates the dependent country. They tried this strategy in some African countries in the 90's and early 2000's.

Ditching the dollar for the adoption of Yuan makes USD weaker and merely puts a bandage onto a bigger problem which is centralized currency.


Unfortunately the U.S. became too heavy handed with sanctions and countries are realizing it isn't worth it to have an unstable country that pegged directly to U.S. foreign policy.

Oh yeah, the ditching of the dollar, the never-ending struggle of some counties to make their worthless currency worth something.

It's not hard, it's not politics, it's simple economics why they don't want to use the $, and that is because they can't afford it anymore, Weimar style!

Go to an exchange website and check the pair over 10 years:
https://www.xe.com/currencycharts/?from=USD&to=INR&view=10Y
USD to INR +51.00%
https://www.xe.com/currencycharts/?from=USD&to=BRL&view=10Y
USD to BRL +151.93%
https://www.xe.com/currencycharts/?from=USD&to=PKR&view=10Y
USD to PKR +188.33%
https://www.xe.com/currencycharts/?from=USD&to=RUB&view=10Y
USD to RUB +145.74%

And a special mention of course:



How bad can your sight be and how twisted is your mind to think this is killing the dollar and that dedollarization is in full swing and the USD is dying?
Dying by doubling and going tenfold in value against the currencies that were supposed to kill it?

This is like the Dash and Bitcoin SV planning on killing BTC by allowing only trades between them.  
If they are ditching the $, thus this means selling $ reserve and dumping it for their currency, why is their currency still depreciating against the greenback?

Oh, but wait, I have one question for everyone here:
If the $ is dying, why don't you ask your campaign manager to be paid a fixed sum in INR or RUB or Rials and you are all fine with $?   

Might it be that behind the propaganda, when it hits your wallet the reality is different?

Influencers or trading gurus that sell courses or signals might not share their trading journals. I see a bunch of trading groups and they only share member profit but of course "Lose" in trading is inevitable.

Maybe the are not trade the make money for making signal and course. My Instagram right now is bombarded with ads of premium indicators and crypto forex signal groups.

Try their strategy as long they offer some kind of free channel. if you think it is profitable then you can proceed.

If it's decentralized, who's the one going to comply with ..anything?

Yep.. .it is interesting how each of us took different approaches to our BTC investment, and we defend the approach that we took, and so in that regard, there may well be some individual particulars (rather than objectivity) that causes us to attempt to justify that what we did as the better of the approaches for our own circumstances... so in that regard, we also recommend such approach to others - the approach that we had taken.

I am kind of thinking that any reasonable delay towards investing into bitcoin would have been backed up by having some reservations about the fundamental nature of the asset and/or perhaps not having enough finances to be able to begin sooner rather than later... and generally speaking with the vast majority of foundationally sound investments, it is better to have more time in the market rather than attempting to time the market.. even though of course, in retrospect, we can many times point to examples in which there had been a subsequent dip in the price of the asset in order to justify waiting rather than getting started in investing right away.

For example, sometimes we could look at an investment and we can see that it is in the midst of a "blow off" top, yet we still do not necessarily know how long the blow off top is going to continue and we also do not know whether the price is going to correct back down into the price that we currently see.. so in some sense in order to prepare for either direction, it could well be better to just get the fuck in rather than waiting around... and yeah, there may well not need to be any ball to the walls type of an approach, but still to get some stake in the game in order to be prepared for either price direction - especially since if you do not get in at all then you are ONLY prepared for one direction (which is down)...

And, so in regard towards assessing fundamentals, any of us could look at bitcoin and attempt to categorize it as merely the same or similar to other investments that are available, and surely that could well be and continue to be a mistake that many people make when they are looking at bitcoin and they are fucking around with inaccurate comparisons, so when the time comes to invest into it, they end up playing their investment card way too timidly because they have failed/refused to adequately research into figuring out what bitcoin is.

So yeah.. do what you want.. wait if you believe that is a better approach.. advise others to wait if you believe that is a better approach, and hopefully no one is going to blame you too much because you ended up spending way too many efforts timing a dip that may or may not come..

And, perhaps one of the main differences that I am attempting to emphasize on a regular basis is to make sure that you are prepared for either direction, and you do not get sufficiently/adequately prepared for up by waiting... but yeah, you can do what you want.. and wait.. and thereby have fun staying poor.

 


 

is remembering 12 words that hard?