Quote from: death_wish on July 01, 2022, 08:56:12 PM

Quote from: xhomerx10 on July 01, 2022, 06:10:11 PM

LTC just got dumped from some exchanges due to the privacy issue. BTC doesn't have this issue.

If anyone wonders why I quoted Tyler Winklevoss’ vocal support for Zcash when it was hit with a stupid FUD-delisting from Bittrex, or why I point here and in other threads to what Adam Back has said about fungibility: This is why.

The above-quoted statement is mere FUD, without details. No time to add details.

We need to get strong privacy in BTC, ASAP. Those who are thoughtless and shortsighted don’t see how this has been a war of precedents from the start; and they lack any perspective on the big picture, long-term view.

Bitcoin set a bad precedent, just because the needed technology had not yet been developed. Satoshi himself was interested in ways to make transactions unlinkable and untraceable, but he didn’t know how. Now, the burden of fixing this problem has fallen on altcoins.

Some excellent precedents have been set for privacy. Besides privacy coins, I don’t think that any exchange will dare to target Ethereum with a FUD-delisting over Tornado.Cash and Aztec Protocol, which provide much stronger privacy than LTC. But someday, strong privacy needs to come home to Bitcoin—preferably before BTC fungibility gets so wrecked that it causes irreparable economic damage in Bitcoin. Lack of fungibility destroys confidence in a currency; that is an old and timeless monetary principle, which BTC defies at its peril.

Since you are so passionate about fixing (whining about) this supposed defect.. you better fucking get to working on it...

#justsaying.

Quote from: 348Judah on July 01, 2022, 09:32:06 PM

Quote from: death_wish on July 01, 2022, 09:04:36 PM

No revolution in all of history ever resulted from the people rising of their own accord.

I think i understand this as a personal fight for a freedom amd not collective one could give a rising, the so called manipulators will never gibe room for rising on every individual, but he that finds that opportunity for an escape through bitcoin is free indeed, this is what the government and the so called economy manipulators feast on, our wealth, profits interests, rights, and strength, that's why freedom isn't given but taken, soon bitcoin will rise to end their feast on us but only those that take courage in rising together with it will have the benefits thereof.

I don't really disagree with what you seem to be saying 348Judah - even though you seem to be suggesting more necessity to coordinate than bitcoin requires.

In other words, it seems to me that bitcoin provides a vehicle for the masses to rise against the powers that be, but no central coordination is necessary at all, so in some regards, bitcoin ends up facilitating the ability to have a kind of silent revolution/uprising because it just creates a system from which an overwhelming majority of the masses will be able to benefit.... from a kind of creation of more fair systems of monetary incentives.. and sure it is quite likely that various kinds of injustices will continue , while at the same time, certain kinds of injustices will be lessened too.. especially the ever-existing practice in which prior systems had unfair designs in terms of distribution of value to already rich (sort of like the perpetuation of proof of stake systems).

It is true that bitcoin is likely going to provide way more value (distribution of wealth) to folks who get in early and stack bitcoin aggressively - however, at the same time, the seemingly ongoing ruthlessness of bitcoin price corrections have historically allowed normie newbies to jump on board, and so it is not always easy to appreciate bitcoin's ongoing brutal price corrections as "opportunities" for normies to jump on board (or to more aggressively increase their BTC stash), and it seems to me that there are likely to continue to be these kinds of brutal correction opportunities in the future too... for those who are ready, willing and able to recognize such... and in the end, it does not really matter if you are rich, poor or otherwise, taking some reasonable stake in bitcoin continues to have great potential, especially for those normie peeps who do not get too greedy and gamble too much with their investment into bitcoin.. which is ok. to be aggressive.. but surely there are lines in terms of aggressiveness turning into gambling which is not likely to end as well as a kind of prudent and reasonable aggressiveness.

By the way... a bit of a change of topic... but not too much of a change.

I understand how normies can get sucked into gambling and denying that they are engaging in gambling. I will admit that even I gamble a little bit with the positions that I take in bitcoin, but I really do not go for those interest bearing products.. even though I did have a few accounts in which I did earn some interest (if any one remembers in 2016 or so (or was it 2017?) Bitfinex was offering products that earned interest (the loaning of bitcoin to other members and the rates were dependent upon the bids on the other side.. and I put some of my bitcoin in there for a while (and they received various rates and they also had varying durations - including that the borrower could close at any time, but until they closed the order, your bitcoins were locked up. including that there was already a maximum length of time built in).. and got my BTC out of that system at a certain point, too.. and I am saying that I understand the temptation to earn interest, yield, dividend or whatever you want to call it on your bitcoins).

So sometimes people get into some kind of easy situation to earn interest, and the platform looks legitimate and licensed. .and is paying reasonable dividends of 3% to 8% or something not too outrageous, and even though they are not really telling you exactly how they are earning that interest by using your coins, but then later we find out that they had been lending them out to more shady organizations, but from the customer point of view, there is a kind of denial that they could be scammed by an official looking kind of an organization (whether Voyager, Celsius, Blockfi or one of the others.. they all kind of seem legit to a layperson normie)..

I have a friend who I continued to say for a couple of years to NOT be using that service and do not be referring other people to use that service order to get your referral fee. if it is $30 or $50 or whatever.. (worth of bitcoin? I don't know). As the red flags come up, I continue to warn, and I continue to say it is looking worse and worse and worse, and for some reason the person wants to keep their money in that system.. At some point, I am not even sure how much it is and there begins to be a bit of radio silence.. but I did my part, no? I continued to warn to get your money off of of that exchange/service.. but then at some point the account gets locked.. so then they are .left to find out later if they are going to get their BTC back.. how many? I don't know.. was it 10% 50% 100% of the stash? I don't know.. I warned and warned and warned but mostly radio silence.. I still feel badly but people can be innocently stubborn and seemingly wanting to get reckt but deep down inside, they really do not want to get reckt... even though they end up getting recked all the same (or at least whatever is held in that location is currently locked up).