CoinHoarder
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August 22, 2014, 02:58:48 AM Last edit: August 22, 2014, 03:18:39 AM by CoinHoarder |
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People are getting too soft these days. I have no problem buying dildo as a guy or buy sex doll in full public view.
Still, anonymous coin won't be such a bad idea for privacy purpose.
I agree Let me give a couple more examples. Let's say your son or daughter is a famous movie star. Some creep is able to link their pseudo anonymous Bitcoin address to their identity. They then analyze his or her transactions and find out they frequent a certain coffee shop. They wait at that coffee shop for them, follow them out, wait until no ones around, and then the creep rapes and kills them. Two companies are in the model train business, the model train business isn't doing so well, but one of the companies is doing a ton more business volume than the other. The one that is not doing so well creates a program to scan Bitcoin transactions going into the larger company and connect them to phone numbers or email addresses. He then calls or emails those customers offering a discount or "beat any price" deal and steals all of the larger companies customers. Or possibly you don't answer your phone or email, so they spam you until you do or you buy something from them.
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CoinHoarder
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August 22, 2014, 03:08:43 AM |
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"Using multiple Bitcoin addresses" is not a sufficient solution to privacy issues, because you cannot expect people to help themselves. Some people don't even know how to use Bitcoin-qt, and leave their money sitting on coin base or an exchange just waiting to be hacked or stolen. I have told my mom numerous times she needs to move her Bitcoins off of Coinbase to a cold wallet. I have told her this more than 5 times. Some people are just not good with technology and maybe they are scared they will mess up and lose all their coins.
People like this... Do you really expect them to understand financial privacy implications and proper privacy procedures?? You really expect them to use multiple Bitcoin addresses for every transaction like they should?Even some people that know about privacy implications use the same Bitcoin address for everything. Just look at how many people have a Bitcoin address in their signature that they use for just about everything.
People that have not studied privacy and why it is important to law abiding citizens just don't understand, and most of them never will because they won't take the time to educate themselves. People are lazy and we need to protect these types of people from the bad things that can happen to them due to dumb/lazy privacy practices.
I think some people are too focused on their own self interests and making millions of dollars by investing in crypto currencies. They want to play nice with the government so everything goes smoothly and they can make their millions. Meanwhile, some people actually want what is best for this world and its citizens, and understand the implications of bad privacy practices. The other half are just uneducated on non nefarious reasons for financial privacy.
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HinnomTX
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August 22, 2014, 03:17:08 AM |
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After reading CoinHoarder's posts, it has come to my attention, that not everyone here is retarded.
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"One can only solve so much with cryptography. The rest of the solution will prove to be economic in nature." -Evan Duffield Dash is Digital Cash. https://www.dash.org
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CoinHoarder
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August 22, 2014, 03:19:31 AM |
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After reading CoinHoarder's posts, it has come to my attention, that not everyone here is retarded.
*blushes* ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Spoetnik
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August 22, 2014, 03:52:48 AM |
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THE. BEST. THING. I. EVER. READ. ON. BTC. TALK.
Instead of getting attention for crypto, people are trying to hide it in the shadows. No one is worried about the true problem with crypto. It needs more attention.
I have been saying this every day since last year ..you guys just don't listen ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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FUD first & ask questions later™
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SLVR4ME
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August 22, 2014, 04:07:42 AM |
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After reading CoinHoarder's posts, it has come to my attention, that not everyone here is retarded.
*blushes* ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) CoinHoarder should be a writer...i was glued to my screen reading each example, each one being more vivid than the previous. Classic stuff
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CoinHoarder
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August 22, 2014, 05:26:44 AM Last edit: August 22, 2014, 05:39:59 AM by CoinHoarder |
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After reading CoinHoarder's posts, it has come to my attention, that not everyone here is retarded.
*blushes* ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) CoinHoarder should be a writer...i was glued to my screen reading each example, each one being more vivid than the previous. Classic stuff Thank you, that is a very nice thing to say. I've received more compliments ITT than I have on these forums since I joined. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I am certain most people either hate me or think I'm an idiot. I stopped caring about what other people think a long time ago, but thank you for letting me know not everyone thinks that. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I may come across as a dick sometimes, but it is only because I am passionate about crypto currencies and want to see them improved, developed, and adopted to their fullest potential. I am actually a very nice person IRL.
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spacelab (OP)
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August 22, 2014, 06:09:18 AM |
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People are getting too soft these days. I have no problem buying dildo as a guy or buy sex doll in full public view.
Still, anonymous coin won't be such a bad idea for privacy purpose.
I agree Let me give a couple more examples. Let's say your son or daughter is a famous movie star. Some creep is able to link their pseudo anonymous Bitcoin address to their identity. They then analyze his or her transactions and find out they frequent a certain coffee shop. They wait at that coffee shop for them, follow them out, wait until no ones around, and then the creep rapes and kills them. Two companies are in the model train business, the model train business isn't doing so well, but one of the companies is doing a ton more business volume than the other. The one that is not doing so well creates a program to scan Bitcoin transactions going into the larger company and connect them to phone numbers or email addresses. He then calls or emails those customers offering a discount or "beat any price" deal and steals all of the larger companies customers. Or possibly you don't answer your phone or email, so they spam you until you do or you buy something from them. And exactly how many layman have the tech savy skills to track their daughters dildo/pregnancy test purchases by following the addresses and tx id's? Most people have a hard time with online banking..nonetheless the latter... so i digress, perhaps this anon tech will sprout a new industry of hacker private investigators. The model train analogy crashes when you realize that advertisement companies do this already with analytics when you visit websites/search for products.
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Kayex
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August 22, 2014, 06:14:03 AM |
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If people wanted anonymity, couldn't they just mix their coins if they were that worried? Why not add a vpn in there. That'll help a bit!
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CoinHoarder
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August 22, 2014, 06:32:03 AM Last edit: August 22, 2014, 06:43:19 AM by CoinHoarder |
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And exactly how many layman have the tech savy skills to track their daughters dildo/pregnancy test purchases by following the addresses and tx id's? Most people have a hard time with online banking..nonetheless the latter... so i digress, perhaps this anon tech will sprout a new industry of hacker private investigators.
The model train analogy crashes when you realize that advertisement companies do this already with analytics when you visit websites/search for products.
I admit my examples are pretty weak. The main point I was trying to make are that there are non nefarious reasons to want financial privacy, and not everyone wants to concede financial privacy to the government just to make millions of dollars. I will do some more brainstorming to provide better examples. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Not many laymen have the skills probably to track addresses, identities, and transactions, but it is certainly possible with a decent amount of success with a properly written algorithm. I know the government is working on such a block chain analysis algorithm, there has even been news articles about Yifu Guo working on it, and I'm sure others are/will as well. You can query websites for addresses that can be tied to an identity, like bitcointalk profiles, signatures, OTC ratings, posts, etcetera. Then you can query the internet to tie those identities to real life identities. Then query businesses and payment processors to figure out which addresses they are using. Then you query the block chain for all transactions that person has made and analyze who they did business with, etcetera. It may seem complicated (and it is), it will not work in all cases as people can thwart the algorithms, but I think it is possible to do with a decent success rate. I believe that someone will eventually write such a program and sell it or make it open sourced, THEN the laymen might be able to do it. Unless someone is trying to cover their tracks, but this to me is more about protecting the non tech savvy and/or non privacy savvy people.
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Spoetnik
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August 22, 2014, 06:49:09 AM |
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FUD first & ask questions later™
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spacelab (OP)
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August 22, 2014, 06:51:21 AM |
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Let me give a real world example.
If i were to sell 50 - 100 btc worth of cocain, and i received 100,000 cockcoin or dickcoin - i would lose alot of fucking profit dumping into those buy walls, Because lets face it, at the end of the day I want bitcoin...
Simply, these coins cannot scale to transactional use because the frequency of transactions in a niche black market [cloak, drk] is far less than the frequency of transactions that take place on a gray market [bitcoin]
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spacelab (OP)
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August 22, 2014, 06:55:26 AM |
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spoetnik, mileycyruscoin 4 lyfe?? ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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TamiLee
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August 22, 2014, 07:01:26 AM |
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When you see a coin like wankcoin in the top 100 of coinmarketcap, you know something is wrong.lol
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CoinHoarder
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August 22, 2014, 07:04:20 AM |
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Let me give a real world example.
If i were to sell 50 - 100 btc worth of cocain, and i received 100,000 cockcoin or dickcoin - i would lose alot of fucking profit dumping into those buy walls, Because lets face it, at the end of the day I want bitcoin...
Simply, these coins cannot scale to transactional use because the frequency of transactions in a niche black market [cloak, drk] is far less than the frequency of transactions that take place on a gray market [bitcoin]
You may be correct right now in regards to liquidity, but if crypto currencies are more widely adopted in the future that very well could change. Even now.. take BitsharesX for example.. they had a volume of over 1 million USD today. Sure, it's much more volume than they are likely to have on any given day in the near future, but that is a lot of liquidity. Anonymous features are not enough to get a crypto currency adopted and to get people to invest in it, you need some other improvements or features. This is what Bitshares did right with bitassets and Dpos, along with Titan (the anonymous feature). http://wiki.bitshares.org/index.php/TITANBy adding more improvements/features, they can successfully bring in several types of users/investors: People that like PoS People that like financial privacy People that see the value in bitassets And perhaps people that see the value in 15 second confirmations In summary... an anonymous feature does not have to be the only selling point of a crypto currency, which would certainly limit the scope of users/investors it can attract, and overtime as crypto currencies are adopted more widely liquidity will be improved across the board for all crypto currencies that are not "dead."
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Gleb Gamow
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August 22, 2014, 07:26:29 AM |
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OP is retarded
/thread
Okay, I almost have my head wrapped around the first line, but what does that slanted-line thingy in front of thread mean? And, why no pic of a cat to go with that thread?
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cyberpinoy
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August 22, 2014, 07:35:52 AM |
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It has come to my attention, that everyone here is retarded. Please Read.
Birds of a flock brother, and guess what you are here with the rest of us birds arent you??
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DubFX
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August 22, 2014, 07:41:14 AM |
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OP is retarded
/thread
Why would he be retarded it's true that people always create pump and dump altcoin instread of sticking to one project and it's caused mainly by that that they aren't skilled developers and they have only promises that become silent after coin gets pumped and dumped...tadam dev just does dissapear as he probably doesn't even know how to code that feautre. People should stick to long running projests and support them, not these shitcoins.
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iGotSpots
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August 22, 2014, 08:07:19 AM |
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Some of us are very against anonymous transactions
It's the best that ever happened to crypto currency. Plenty of whales became even more rich because of it. Sorry to burst your bubble, but even the biggest crypto whales aren't shit in real world business and culture
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nutildah
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August 22, 2014, 08:16:37 AM |
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OP is retarded
/thread
Okay, I almost have my head wrapped around the first line, but what does that slanted-line thingy in front of thread mean? And, why no pic of a cat to go with that thread? it means "end" People should stick to long running projests and support them, not these shitcoins.
Well said. I think most people are looking for the quick buck though. Hopefully the smart money will come home to the long-term, forward-thinking coins. But as things stand right now, the greed factor is outta control and can't be stopped. Sorry to burst your bubble, but even the biggest crypto whales aren't shit in real world business and culture
So use your power and influence to manipulate the laws in your favor, problem solved. That's what's happening anyway so you should be pretty stoked.
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