Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
AverageGlabella
on 20/11/2022, 14:59:14 UTC
Quote from: eXPHorizon on Today at 02:54:41 PM
Quote from: AverageGlabella on Today at 02:47:14 PM


We are taking about 2 Different people here. People actualy do not like to make their own P-keys because it is shitty to make and quite unsecure. Most Wallets that Recieved BTC 100$ worth or so instantly changed it into USD in Africa. The greedy just hoard and that is a problem too.

It feels like we are having 2 different conversations because I do not know what you are talking about with changing USD in Africa. What are you talking about there?

I cannot tell if you are trolling me Cheesy how are private keys insecure? If private keys were insecure or the way you generate them Bitcoin would be worth 0.

For example your private key can be tracked and targeted. Then they intercept your transaction, once your in their objective its hard to be unseen or make a transaction that will not be snapped. That is why mostly Whale wallets sometimes send a small fraction of Bitcoins to another wallet to see if they will intercept it. And this is going to happen more and more now.. People will standby on large wallets or small divided ones and just snap your coins away.
Private keys cannot be tracked. Public addresses can be tracked. There is a big difference in the two. The only way private keys could be tracked is if you are connected to the internet and the software you are using to generate the private key is compromised. That is the only way and people should be generating their private keys offline which even if the software was being tracked it would not be able to report it. You cannot go on the blockchain and get someones key or their public address. If you are talking about public addresses yes they can get tracked but they are pseudonymous until you make it not.

I do not know what you mean by 'intercept' but no one can stop you from sending a transaction without having the majority of the hash rate on the network. if they have that they can reject it but that is a costly attack that will not happen for a long time.