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 11 
 on: Today at 03:27:52 AM 
Started by legiteum - Last post by tread93
Quote from: dansus021 on May 05, 2024, 03:23:32 AM
Could China (or similar) take control of Bitcoin? And my answer is Yes everyone can control of bitcoin if they had enough money and enough resources

And if you talk about a country it definitely can do that, 51% attack is doable right? And then if you want to do price manipulation you can buy as much as bitcoin and then can be act as a whale. Tho this is just my opinion guys

I feel like if China were to do this it would only be to go procure another session of FUD for everyone similar to how they keep banning Bitcoin from their society just to get the price down so they can buy more. Talk about a power hungry country! Hopefully they never do this as I could see it being a devistating time for Bitcoin and definitely a lot of folks rushing to get their money out as welll.

 12 
 on: Today at 03:18:42 AM 
Started by HideYourKeys - Last post by tread93
Quote from: HideYourKeys on May 04, 2024, 07:08:32 AM
Once you enter the world of Bitcoin, you feel, as often said in the field, ‘like falling down the rabbit hole

A rabbit hole or an entire novel?? Haha I do love the idea and thought of trying to convince your loved ones with buying Bitcoin. It’s a just argument and hitting them with some facts and educating them is definitely the right path to go down with this. If you’re having to explain it in this fashion to them it’s safe to say they are not at all familiar with Bitcoin or how it works, I’ve always found dumbing things down when dealing with these types of folks is very helpful. Describing it like you would explain and reach a 5th grader so people understand it is also going to be helpful with this pitch.

 13 
 on: Today at 03:10:12 AM 
Started by 348Judah - Last post by tread93
Quote from: 348Judah on May 01, 2024, 07:24:02 AM

https://twitter.com/BitcoinMagazine/status/1785384669812273570?t=ZGZzfngY_UpyDCLbq4hWTA&s=19


What next after four months,

On Tuesday, the Binance CEO CZ was sentenced to four months imprisonment all on the charges of allowing for the participation of illegal money laundry from his exchange Binance, the US government gile a lawsuit against him and charged him, same way they habe been clamping down of other privacy means in which bitcoiner can use to achieve thier goals, i don't wa t to mention the keyword bit we all know about the recent ban thst took effect since January 1st of this year 2024.

With all these happening, I suggest we should be reminded as bitcoiners on what we are made for and should not loose focus on how we can achieve our target with the use of bitcoin for our financial economy in all modules of it's applications Privacy should be our heritage with bitcoin, using centralized exchanges is the weakest means to have it, because the governments will be after you when you're under a centralized exchange, they have all your details with them.

Every bitcoiners should understand why they need to have in custody their own digital financial asset and not with third parties like exchange ss, they can be attacked, hacked and if any of these happens, our asset with them are gone, we should learn to avoid the use of exchange, hold our bitcoin on cold storages and remember that not your keys not your coins still ever remains verdict in bitcoin network.



With all of the ETFs and mass adoption at this point in all other countries with ETFs and just Bitcoin in general more and more people are new to the game and I don’t think many of them recognize the importance of securing your coins and even keeping them off exchanges. If you do keep on an exchange hopefully it won’t be there for too long- and to your point using an exchange just like basically puts you right in view, finding out how to be more anonymous with Bitcoin will hopefully become less complex to the average user with time as new solutions unfold.

 14 
 on: Today at 03:05:16 AM 
Started by dkbit98 - Last post by tread93
Quote from: Kruw on May 05, 2024, 11:19:14 AM
Quote from: tread93 on May 05, 2024, 04:06:55 AM
I wonder exactly what he means by "the clock is ticking"

Snowden is referring to the default coinjoin coordinator of Wasabi Wallet shutting down. dkbit98 cropped this information out of the screenshot:

Quote from: Kruw on May 03, 2024, 10:48:14 PM
Why did you crop the context out of the screenshot? Snowden's post is about Wasabi Wallet's default coordinator:



This isn't as hopeless as he originally thought. Anyone can run a WabiSabi coinjoin coordinator because the code is open source. I run one myself, all you have to do to connect to it is add this line to your Wasabi config file:

Code:
"MainNetCoordinatorUri": "https://btcpay.kruw.io/plugins/wabisabi-coordinator/",



Thank you for the context, I understand now lol. I think that ultimately privacy is very important and people will go to great lengths to get it, even using mixers to help guise their funds and paying a premium to do so. I’ll be interested to tune into the Bitcoin conference in Nashville where apparently Snowden is going to be attending and speaking. Which I don’t know how he will do that isn’t he not able to step foot in US soil after the NSA whistleblow ?

 15 
 on: Today at 03:02:41 AM 
Started by krishnaverma - Last post by jcojci
Quote from: krishnaverma on May 05, 2024, 03:26:17 AM
Have you successfully influenced someone to invest in bitcoin ?  What was the final result, did they thank you later for this ?
Influencing someone to successfully follow what we suggest is not easy. We should be able to explain everything we know about Bitcoin. They must also have a desire to know more about Bitcoin before they are willing to invest in Bitcoin. I have introduced Bitcoin to several people close to me but only two or three people really want to follow investing in Bitcoin. It is not easy to convince them to want to invest, especially since they are still trying to meet their daily needs. The result is that those who invest in Bitcoin have felt the benefits even though they don't have a lot of Bitcoin. At least, they can see that their profits are starting to increase.

 16 
 on: Today at 02:07:50 AM 
Started by Kristiyana - Last post by OrangeII
I really don't recommend forcing someone to invest in bitcoin. When someone is interested in bitcoin, I just explain what I know about the benefits and risks they can get, and of course I really warn about the risks.
There are very many cases that people who teach someone about bitcoin or invite someone to this investment, when they experience losses, the person who invited them is the one who will be blamed. However, I avoided that. In addition, people who really want to invest will do in-depth research before investing.

 17 
 on: Today at 01:55:58 AM 
Started by dkbit98 - Last post by franky1
if privacy was made at the protocol level of the bitcoin network. bitcoin is no longer treated by regulators as a open ledger, but instead a AEC (Anonymity Enhanced Currency) by which all users of bitcoin become suspicious an become watchlisted and investigated and all services then will stop using bitcoin due to the headache of that...
(its why exchanges dont do monero, to avoid all the extra requirements because monero is a AEC)

adding privacy at protocol layer would kill bitcoins utility.
adding privacy wont actually give privacy because people will always be dumb to publish their payment/donation addresses and talk about the stuff they use a coin for

we see many idiots advocate for privacy but promote themselves transparently.
if you want to stay private, stay quiet

privacy breaks not at the currency layer, but at the human layer.

those mixer services seized by government were not seized via locating them physically due to bitcoins blockchain. they were caught via other communications outside of the bitcoin network

bitcoin does not need any added privacy.. it needs users to be private themselves and use bitcoin properly and understand how privacy really works

 18 
 on: Today at 01:50:19 AM 
Started by Kristiyana - Last post by NotFuzzyWarm
Quote from: Kristiyana on May 04, 2024, 10:00:03 PM
The reason why you shouldn't force someone to invest in bitcoin?
Did you think is good to force someone to invest in bitcoin?
What is the disadvantage of forcing someone to invest in bitcoin?
Did you really think the person is ready to bare the risk that is involve?

What are your opinions towards this particular topic?
Lets start with the last - I find the premise of this topic to be inane. Why? Because no one should EVER think they have some kind of 'right' to force ANY sort of investment advice on anyone. Assuming the other person is interested in BTC then discuss with and perhaps even encourage someone, sure. But FORCE someone -- NO. Period.

What kind of egocentric self-righteous asshole would ever even think of trying to force any sort of investments on others....
Given that, all answers are No, No, No and, No.

 19 
 on: Today at 01:48:16 AM 
Started by Kristiyana - Last post by GreatArkansas
Quote from: Kristiyana on May 04, 2024, 10:00:03 PM
(...)
What is the disadvantage of forcing someone to invest in bitcoin?
Did you really think the person is ready to bare the risk that is involve?

What are your opinions towards this particular topic?
Who is the person with a fine mind who will force someone to invest in Bitcoin? It's really a red flag because at first, it's not your money that will be used to invest. Second, it's not you who will invest.
What's best here is to educate first and have proper knowledge about Bitcoin and let them decide if they will invest in it or not.

 20 
 on: Today at 01:17:05 AM 
Started by protonwallez - Last post by Hispo
Quote from: logfiles on May 05, 2024, 11:59:26 PM
✂️

Well, that is certainly something I did not expect to say from wasabi and it probably has something to do with new regulation incoming from the United States which we are likely to know about soon enough.
I would not say it is completely over, this may affect only centralized services, since Bitcoin is open source and there will be always people willing to code and release open source to enhance privacy, it is likely coinjoin will spike in relevance on the future. Though, if that happened, then the next step to take by exchanges and regulators would be to block accounts and seize funds/satoshis which do not have a clear transaction history since the date they were mined.
I am afraid it could be just matter of time before either we stop depending on centralized services like exchanges or we completely surrender our right to privacy within the context of cryptocurrency and Bitcoin as a whole... Only time will tell, though it does not look good as how it stands today.

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