Better than "GOLD" for criminals, BTC is easier to steal; Easier to scam;

[btc-room101]

Better than "GOLD" for criminals, BTC is easier to steal; Easier to scam; PPL lock their gold up, keep their mouth shut, gold lasts forever;

PPL who play BTC, trade it on the exchanges, are just targets, and hardly whales or rich;

Bury a LB of gold in the Ground, and 1BTC private-key scratched glass; bury them together come back in 20 years, I can tell u which one exactly will have value, because its a historical fact. In 20 years from now this generation BTC will be a pet-rock artifact. BTC is based on SHA-256 an NSA tech with at best a 10-20 year shelf-life, ergo hashes will have been long de-hashed into public-keys easily solved  by discrete-log supercomputers. The Secp256k1 algo to make the key into public ( also NSA ) will have long been hacked&cracked making all 2010 era Btc's worthless in the coming years.

Now if u had today a Secp2048k1 elliptic-curve and key 512bit say 10^88 ( atoms in universe ) then I would say maybe that super-btc would be around 20+ years form now; but in the next 2-3 all of BTC will be common place crackable.

The problem today is that the entire BTC narrative is ran by bullshitters and promoters to keep the ponzi alive, like 99% of the paid comments & posts on this forum by to 'influencers' by scammers;

Very few, perhaps 1 in 10k people even have a clue about bitcoin vulnerability, IMHO its all a joke, created by the NSA (satoshi) to see how long as a puzzle before their algo's got cracked&hacked; The fact that the joke went viral, but have them at the puzzle-palace all in a hysterical laughter, remember these people don't care about MONEY$$ then can print it to free to infinity, they don't need to make crypto to have wealth, they own the printing-press. The NSA already had the power to create infinite USD fiat;

Lastly, they can pull the plug on BTC anytime they wish, which is why bitcoin is kept around a crippled old "Your Grandfathers Crypo".

In the future people will be saying, why did everybody just sit on their ass and not move their wealth into a longer term, safer crypto than first generation bitcoin sha256/secp256k1??


Not a peep, what can they say? Nuttin

Go with the flow, go with the narrative, it works until it doesnt'.

[moderator's note: consecutive posts merged]

[1714185228]

1714185228

[bitmover]

Better than "GOLD" for criminals, BTC is easier to steal; Easier to scam; PPL lock their gold up, keep their mouth shut, gold lasts forever;

Bitcoin is easier to deal with than gold, not just for criminals, but for honest people as well.

How the hell are you supposed to carry your live savings in gold while traveling to a different country, in case you are running from war or from a dictatorship?

Bitcoin also lasts forever. You cannot destroy a bitcoin. You cannot just Delete a bitcoin. It lasts forever. You may lose access to it, but it will last forever.

PPL who play BTC, trade it on the exchanges, are just targets, and hardly whales or rich;

You can just put your BTC in a hardware wallet or in a piece of paper. A bitcoiner is not someone who actively trade trying to get each pump and dump. It may be just a person who wants to diversify their asset allocation, and just use exchanges once every 5 years or so.

Now if u had today a Secp2048k1 elliptic-curve and key 512bit say 10^88 ( atoms in universe ) then I would say maybe that super-btc would be around 20+ years form now; but in the next 2-3 all of BTC will be common place crackable.

Bitcoin is based in cryptography, this is why it is called a cryptocurrency. The whole internet security is based in that, even when you use your traditional bank mobile app you are using cryptography.

in long term cryptography will evole, and these new cryptography concepts will be applied to bitcoin as well, obviously. The whole digital world as we know depends on cryptography and security.

[uneng]

Better than "GOLD" for criminals, BTC is easier to steal; Easier to scam; PPL lock their gold up, keep their mouth shut, gold lasts forever;

It's easier to track criminals who deal with bitcoin too. For thieves it's much better to use paper money since it can't be tracked. That is why we see these guys on the movies making their deals always eqquiped with bags, suitcases full of big chunks of paper money.

Very few, perhaps 1 in 10k people even have a clue about bitcoin vulnerability, IMHO its all a joke, created by the NSA (satoshi) to see how long as a puzzle before their algo's got cracked&hacked; The fact that the joke went viral, but have them at the puzzle-palace all in a hysterical laughter, remember these people don't care about MONEY$$ then can print it to free to infinity, they don't need to make crypto to have wealth, they own the printing-press. The NSA already had the power to create infinite USD fiat;

Lastly, they can pull the plug on BTC anytime they wish, which is why bitcoin is kept around a crippled old "Your Grandfathers Crypo".

Why would NSA create bitcoin? Just for fun, to make a joke or to bet against their workmates who is going to crack it first and when? It doesn't make sense. That is a very simplistic explanation for something very complexly created like bitcoin.

[btc-room101]

Not a peep, what can they say? Nuttin

HODL,

that's all they got.

Hater,
...

But seriously we all know crypto is the future, but u got to diversify; In 5 or 10 years from now we have no idea which crypto will be on top, but its certain is the first generation bitcoin, will be long gone;

Because the blockchain is permanent, future super-computers will be able to go back and unhash all the keys, and discrete logs solve the private-key puzzles; For all addresses of value;

 So there no 'freezing the dead' solution, the only solution is to move out before it slowly goes to zero.

Bitcoin was a trojan horse from the beginning, and we have't even begun to set the real move, remember in the entire history of NSA they have never made an algo public where they didn't have the back door keys, and again SHA256 & SECP256k1 are both NSA; Bitcoin is 100% NSA.

[Fortify]

Better than "GOLD" for criminals, BTC is easier to steal; Easier to scam; PPL lock their gold up, keep their mouth shut, gold lasts forever;

PPL who play BTC, trade it on the exchanges, are just targets, and hardly whales or rich;

Bury a LB of gold in the Ground, and 1BTC private-key scratched glass; bury them together come back in 20 years, I can tell u which one exactly will have value, because its a historical fact. In 20 years from now this generation BTC will be a pet-rock artifact. BTC is based on SHA-256 an NSA tech with at best a 10-20 year shelf-life, ergo hashes will have been long de-hashed into public-keys easily solved  by discrete-log supercomputers. The Secp256k1 algo to make the key into public ( also NSA ) will have long been hacked&cracked making all 2010 era Btc's worthless in the coming years.

Now if u had today a Secp2048k1 elliptic-curve and key 512bit say 10^88 ( atoms in universe ) then I would say maybe that super-btc would be around 20+ years form now; but in the next 2-3 all of BTC will be common place crackable.

The problem today is that the entire BTC narrative is ran by bullshitters and promoters to keep the ponzi alive, like 99% of the paid comments & posts on this forum by to 'influencers' by scammers;

Very few, perhaps 1 in 10k people even have a clue about bitcoin vulnerability, IMHO its all a joke, created by the NSA (satoshi) to see how long as a puzzle before their algo's got cracked&hacked; The fact that the joke went viral, but have them at the puzzle-palace all in a hysterical laughter, remember these people don't care about MONEY$$ then can print it to free to infinity, they don't need to make crypto to have wealth, they own the printing-press. The NSA already had the power to create infinite USD fiat;

Lastly, they can pull the plug on BTC anytime they wish, which is why bitcoin is kept around a crippled old "Your Grandfathers Crypo".

In the future people will be saying, why did everybody just sit on their ass and not move their wealth into a longer term, safer crypto than first generation bitcoin sha256/secp256k1??

I think you raise a good point about how vulnerable Bitcoin will be to future cracking attempts and people are generally terrible at estimating how easily it will all fall apart once that happens. The second the first wallet is hacked using a new method and the news is released, the whole market cap of Bitcoin will effectively drop to zero and this is likely for other cryptocurrencies too. We have made leaps and bounds when it comes to tech, usually driven by a desire to make money, what easier way to take money than to crack a trillion dollar market? One thing that you might be overlooking is the liquidity factor which is both a positive and a curse. Gold has some drawbacks, for instance I wanted to free some cash up at the start of Covid but all the gold shops were shut (locked down) and I am definitely not sending it away via the postal service - so basically I was unable to sell the gold I wanted during this unprecedented crisis, that was a major downside which Bitcoin does not have.

[avikz]

Better than "GOLD" for criminals, BTC is easier to steal; Easier to scam; PPL lock their gold up, keep their mouth shut, gold lasts forever;

Well, I do agree with your comment. Without going into the technical nitty-gritties, I can say that bitcoin has made the life of a scammer much easier. Now they don't have to worry about going through the banking channel to launder money or to receive the criminal proceedings. This statement is not only true for bitcoin but for other cryptocurrencies which has enough liquidity available. So there is no surprise that the cyber criminals are trying to use cryptos only. Much easier to receive the dirty money and much easier to hide from the eyes of enforcement agencies.

But, that doesn't make bitcoin look bad. Right now bitcoin is a hot topic so people are using it and promoting it. It one fine morning, if we find something hotter, we will move to it. That's the normal flow of life.

[The Cryptovator]

I am facing difficulties understanding OP. You have to understand why Bitcoin was created, most likely you have to read the Bitcoin whitepaper again. Doesn't matter who created Bitcoin either satoshi or any other agent. But the goal was to create a decentralized financial environment which is called peer-to-peer election cash. So the cash won't compare with real assets like Gold. You can't send gold from your country to another country within minutes. But here Bitcoin would help you. Scammers are everywhere, even when Bitcoin wasn't popular Ponzi Schemes ran their business with other digital currency. Blaming Bitcoin for scammers is ridiculous, scammers won't steal money until you send them. Hacking if a different story but there is also involved your lack of knowledge.

[Argoo]

This is one of the points of view and it also has the right to be discussed. Nobody knows who is behind the creation of bitcoin and for what purpose it was created. Playing cryptocurrency can be much more difficult and multi-turn.
Quantum computers already exist, although this forum has recently been assured that many years will pass before their real appearance. Moreover, it has already been confirmed that they functionally far exceed the capabilities of the existing ones. Becoming an ostrich and burying your head in the sand is not always a good way out of a threatening situation. Therefore, I also try to diversify my portfolio and pay attention to more advanced technologies in cryptocurrency.

[BlackHatCoiner]

Now if u had today a Secp2048k1 elliptic-curve and key 512bit say 10^88 ( atoms in universe ) then I would say maybe that super-btc would be around 20+ years form now; but in the next 2-3 all of BTC will be common place crackable.

Isn't that what you were saying 2-3 years ago? I hope you know that if Bitcoin's cryptographic algorithms ever become weak, we can hard fork it to a quantum safe environment. If we realize that our wealth is in danger, we won't hunker down and do nothing.

I am facing difficulties understanding OP.

OP refers to the hashing algorithms and the public-key cryptography Bitcoin uses. It's known that SHA's (Secure Hashing Algorithm) whitepaper was written by NSA. He believes that they know something we don't about the hashes.

The fact that the joke went viral, but have them at the puzzle-palace all in a hysterical laughter, remember these people don't care about MONEY$$ then can print it to free to infinity, they don't need to make crypto to have wealth, they own the printing-press. The NSA already had the power to create infinite USD fiat;

You've been drowned by your own conjectures. For your information, everyone can create money; what everyone can't do is create value.

Needless to comment the title...

[Luzin]

Better than "GOLD" for criminals, BTC is easier to steal; Easier to scam; PPL lock their gold up, keep their mouth shut, gold lasts forever;

Regarding Bitcoin's weaknesses, yes, technology always has weaknesses. Even if you understand Fiat is also weak. Even gold he also has weaknesses. If you expect everything to be perfect maybe only the creators of the world have no weaknesses. So Bitcoin has a Hard Fork process from developer to improvement. It will continue as long as the deal is still there. There is enough calm and take advantage of that to make you feel better. Not only BTC looks at other cryptos, it tries to be a new innovation, fixes weaknesses but new weaknesses also appear. Innovation will always evolve it will always be new.

[eaLiTy]

Better than "GOLD" for criminals, BTC is easier to steal; Easier to scam; PPL lock their gold up, keep their mouth shut, gold lasts forever;

If you did not read the whitepaper read it once and if you did not understand read it hundred times till you understand what is written. Anyone carrying on criminal activities publicly as the entire transactions are recorded and no one can change that and you really think that you can get away with it. You might get away since it is the initial stages but eventually you will get caught because the illegal transactions cannot be reversed or erased as every micro transactions are recorded.  

[hd49728]

Better than "GOLD" for criminals, BTC is easier to steal; Easier to scam

Bitcoin is better than gold. Can you provide something that Bitcoin is worse than Gold?

How do you think Bitcoin is easier to be stolen?
Who are able to break your private key if you save it carefully and off line?

Scammers can use Bitcoin or Gold or other things to scam. Don't blame what scammers do on Bitcoin.

[BrewMaster]

that's nonsense. bitcoin is the hardest to steal. if people leave their door open and put a welcome sign for thieves on their doorstep that  doesn't mean the lock they were using was easy to break, that means those people were idiots.
of course considering your post history filled with trolling and FUD i am not surprised you created yet another low quality topic which apparently is allowed in this forum

[jossiel]

You become a target if you're too vocal about owning bitcoin in public places. You don't have to tell everyone that you're into bitcoin.

And about being scammed, everywhere there is a scam and it's not only in the bitcoin community that has scams. But also in real life, there are scams and hacks.

[Rajamuda]

Well, actually you have to think more positively and don't need to think too much about risk, here we are in a community that of course should be able and understand more about the popularity of bitcoin and its advantages, which can still avoid all things that are detrimental.

[ropyu1978]

bitcoin has been used by thousands of retailers in the world, bitcoin is used by all walks of life, from large financial institutions to your grandchildren, this doesn't mean criminals don't do it, just like conventional money, criminal users also use bitcoin and crypto, actually do crime using crypto makes it easier to track down,

[Obito]

You become a target if you're too vocal about owning bitcoin in public places. You don't have to tell everyone that you're into bitcoin.

And about being scammed, everywhere there is a scam and it's not only in the bitcoin community that has scams. But also in real life, there are scams and hacks.

Exactly, thank you for saying this. If you are flexing your money in social media platform and you always have it on topic when you are talking to someone then you are going to meet someone that will also tell it to others until the stories found it's way on a malicious person. But OP is right that it's much easier to steal bitcoin than gold since there's no manpower needed unless there's a security that you need to breach, most things stolen nowadays are digital anyway.

[Wexnident]

Better than "GOLD" for criminals, BTC is easier to steal; Easier to scam; PPL lock their gold up, keep their mouth shut, gold lasts forever;

Probably because people are quite ignorant of what and what not to do on the internet platform, thinking that everything is safe and that they can take everything for granted. Not to mention that gold is heavy lmao. And fr, why are we blaming mediums of transactions for being easy or whatnot when really anything is easy to steal if the people holding it are ignorant, whether it be fiat, btc or any other crypto, heck even simple items.

Though tbh, it has made stuff easier for criminals, but hey, that's because they know how to use it, unlike the majority of the people who invested into it.

[zanezane]

bitcoin has been used by thousands of retailers in the world, bitcoin is used by all walks of life, from large financial institutions to your grandchildren, this doesn't mean criminals don't do it, just like conventional money, criminal users also use bitcoin and crypto, actually do crime using crypto makes it easier to track down,

Agree, the FBI has more tools to detect you when you are using crypto especially bitcoin compared with fiat plus it's really difficult to split all those bitcoin in different addresses because they will track those addresses one by one. I don't get why people hate it that bitcoin is being used by criminals when it's much easier to track them this way.

[btc-room101]

bitcoin has been used by thousands of retailers in the world, bitcoin is used by all walks of life, from large financial institutions to your grandchildren, this doesn't mean criminals don't do it, just like conventional money, criminal users also use bitcoin and crypto, actually do crime using crypto makes it easier to track down,

Agree, the FBI has more tools to detect you when you are using crypto especially bitcoin compared with fiat plus it's really difficult to split all those bitcoin in different addresses because they will track those addresses one by one. I don't get why people hate it that bitcoin is being used by criminals when it's much easier to track them this way.

COINBASE is OWNED by the IRS; They have already banned 'tainted' aka mixed coins; The FBI, NSA, and almost all Gov's on earth have now had +10 years to study and develop tech to track everything about bitcoin, especially given that +90% get in&out of BTC via the exchanges which like COINBASE have already setup 100% KYC.

Then there are the third party tools like Palintir that Lets the Govs unify bitcoin paypal and swift and track everything anybody on earth does;

U can almost argue that the users of BITCOIN are just puppet's and that the puppet masters aren't even seen. The only way to play bitcoin is to be a virgin miner, off the grid with 1,000's of S-19's mining your own virgin BTC, that is then untraceable, but what 99% of the people on this board do is probably tracked more than normal banking.

Real criminals use cash, I think that every single nimrod that has extorted somebody for bitcoin has been busted. It really is money transfer for retarded people.

Why would the Mafia trade in something that fluctuates 50% on a daily basis. Nutz.

Like all algo's what the NSA does is study all and develop predictive models, what they track of interest is that which hadn't been predicted; The anomaly is the point of interest; Like lots of BTC going to the same place, or coming out of the same place, that hadn't already been predicted;

The way its setup now, COINBASE will not even accept a 'tainted coin' and the first time u use it of course you have an account, so they know your KYC data, automatically the FBI gets a notice "Customer transaction tainted coin", visit & all, even though you were denied the ability to use it.

So BTC has become the GOV control freaks nirvanna, like a heaven for arseholes.

Which leads us back, how is this all better than physical gold in the hand. Its NOT;