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Showing 20 of 2,134 results by PrivacyG
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Board Bitcoin Discussion
Re: How do i cash out old bitcoin legally without getting destroyed by taxes?
by
PrivacyG
on 23/07/2025, 16:43:29 UTC
One option would be to see if there are any bitcoin ATMs left in France that do not ask for KYC. Most in Europe already ask for it but according to MiCA they have until September at the latest. With no kyc BATM you find you can withdraw up to 995€ a day, every day until the end of August. Obviously, what should be done is to declare these transactions even if they were without kyc, but people use them to avoid declaring them. That's why politicians have imposed the kyc, so that taxes don't slip through the cracks.
That is an option, but be ready to lose the amount you are trying to withdraw per day once or be prepared to show your ID after a few days of doing this.  I do believe there is a law for people who particularly do this.  Once you withdraw a particular amount of money, it does not matter if you did it in a single transaction or a hundred, AML regulatory institutions will be notified about your moves.

If I had an ATM, even I do not know what I would do if I had a client who kept withdrawing the maximum limit every single day for 30 days or so.  It does sound and look suspicious.  So I suggest something.  If you do this, consider the 995 euros lost every time you start the process of selling them.  Because at some point, they may ask for an ID and you have two options.  Show the ID or consider it a loss and leave.

-----

You claim that you didn't take into account this money (2.5 btc), which means that you don't lack finances. Then you are ready to move to another jurisdiction because of these old "crumbs" left in your wallets, just to pay less taxes.
OP is likely looking for the kind of advice people like Zuckerberg would be looking for.  Millionaires and billionaires are always on the lookout for more ways to avoid taxes.  Unfortunately, most of us who pay the taxes are the poor.  The heaviest is always on our shoulders, never on theirs.
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Board Bitcoin Discussion
Re: How do i cash out old bitcoin legally without getting destroyed by taxes?
by
PrivacyG
on 23/07/2025, 16:42:14 UTC
You claim that you didn't take into account this money (2.5 btc), which means that you don't lack finances. Then you are ready to move to another jurisdiction because of these old "crumbs" left in your wallets, just to pay less taxes.
OP is likely looking for the kind of advice people like Zuckerberg would be looking for.  Millionaires and billionaires are always on the lookout for more ways to avoid taxes.  Unfortunately, most of us who pay the taxes are the poor.  The heaviest is always on our shoulders, never on theirs.
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Topic
Board Bitcoin Discussion
Re: How do i cash out old bitcoin legally without getting destroyed by taxes?
by
PrivacyG
on 23/07/2025, 16:38:31 UTC
One option would be to see if there are any bitcoin ATMs left in France that do not ask for KYC. Most in Europe already ask for it but according to MiCA they have until September at the latest. With no kyc BATM you find you can withdraw up to 995€ a day, every day until the end of August. Obviously, what should be done is to declare these transactions even if they were without kyc, but people use them to avoid declaring them. That's why politicians have imposed the kyc, so that taxes don't slip through the cracks.
That is an option, but be ready to lose the amount you are trying to withdraw per day once or be prepared to show your ID after a few days of doing this.  I do believe there is a law for people who particularly do this.  Once you withdraw a particular amount of money, it does not matter if you did it in a single transaction or a hundred, AML regulatory institutions will be notified about your moves.

If I had an ATM, even I do not know what I would do if I had a client who kept withdrawing the maximum limit every single day for 30 days or so.  It does sound and look suspicious.
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Board Gambling discussion
Re: Does the novelty wear off?
by
PrivacyG
on 23/07/2025, 16:30:41 UTC
I do not know about other strategies but ask rich Martingale players if the novelty ever wore off.  The feeling of novelty depends on how often you play the same strategy and how much you expect from your bets.  Of course it may become really boring if you kept betting .01 Dollars every time hoping to double the amount.  Because who cares about .01 Dollars?  It is pretty much nothing.

If you bet 1 Dollar however, you may be happy about doubling it.  A free coffee is not something to be disappointed of.  If you double 10 Dollars, you win a cheap meal.  And so on.

But obviously, if you had billions and you were betting 1000 Dollars every hour, it may be fun at first but quickly become boring.  Not only does it mean nothing to you compared to the rest of your wealth, but you get used to it and desensitized.
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Board Development & Technical Discussion
Merits 6 from 3 users
Re: J. Lopp's Post-Quantum Migration BIP
by
PrivacyG
on 23/07/2025, 16:16:01 UTC
⭐ Merited by d5000 (3) ,Pmalek (2) ,ABCbits (1)
I see a lot of arguments for or against whether the Satoshi era coins are lost or not.  It does not matter and it should not matter.  This subject shall be treated in the least subjective way possible.  For that to happen, we have to imagine the blockchain is private for a second.

If Monero had this subject discussed, there would be no way of knowing whether old coins have moved and which precisely.  It is dangerous to introduce a mandatory migration because it is a precedent and it significantly lessens the credibility of Bitcoin and the bit of our community that feels safe with Bitcoin.  If this becomes mandatory, as much as I love Bitcoin I will likely move on to Monero or just quit.  The world provokes enough stress.  I do not want to move from the stress of my bank freezing my funds for no reason to the stress of my Bitcoin turning to the void when I lack the time to migrate my coins in time.

More over.  I do not understand why this has to affect the early adopters when it could simply affect the people who are not responsible enough or are just unlucky enough to not find access to their keys before a Quantum Computer successfully generates or breaks it.  One of them definitely affects a lot of UTXOs, the other is simply a possibility.  Why affect the UTXOs?

And then, by giving the Bitcoin users more time to migrate IF they will, this means a lot more UTXOs will move to the Quantum Computer resistant addresses before Quantum Computers get to actually do damage to Bitcoin.

To me, not obliging everybody to do this is a win win situation.  If Quantum Computers do damage then the 'rewards' will be way less, if they do not then a lot more people have the opportunity to move their coins before a situation like this occurs.

Man.  James Howells would pull his hair out of anger if the migration becomes mandatory.  And so would I, for the lack of sense this would make.
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Board Development & Technical Discussion
Merits 8 from 2 users
Re: J. Lopp's Post-Quantum Migration BIP
by
PrivacyG
on 17/07/2025, 07:45:18 UTC
⭐ Merited by vapourminer (4) ,LoyceV (4)
This is not a good thing at all. This will destroy all really long term cold storage setups, cause a lot of congestion and security risk. The rest of the proposal is fine with me.
I am of the same opinion.  It would be a disaster to all of us who have cold wallets.  After all, in my opinion the legacy UTXOs should not be blocked but instead the responsibility should fall on our own shoulders.  Much like it is when you choose a password, it is your responsibility to pick one that is secure.

This kind of blockage reminds me of all the other shitcoins that 'progress' from V1 to V2, leaving behind everybody who purchased the shitcoin and decided to not check out the charts or the Cryptocurrency news for an year.  You get wrecked and you have no idea.

It could also be a disaster if a relative passes away and although it is known who the heirs are, they did not find a way to enter the cold storage and finally get their hands onto the keys in time.

What about collectibles with Bitcoin on them?  All of them will have to be either peeled away or kept intact but unusable.  Bad idea!
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Board Beginners & Help
Re: Avoid buying Bitcoin from someone all because you know them.
by
PrivacyG
on 17/07/2025, 07:37:04 UTC
I have no problem buying Bitcoin from my friend. They are my friend for a reason.
It is easier than you may think to ruin a friendship by doing business with them.  Not all friendships are the same, but I typically rather not do business with the closest.

Some friends are people you have known from childhood, who you have been through thick and thin together. Those inner cycle of friends I would talk Bitcoin with and buy Bitcoin from if they ever want to sell.
Also, many people change.  Some for the better, others for the worse.  It is likely not the first time you ever heard of friendships that ended really badly or people who used to be amazing turning exceedingly evil.  Humans are in my opinion not trust worthy generally, even if they are the closest of your own blood.  It often takes only a few triggers and they turn their back against you.
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Board Bitcoin Discussion
Re: Did we get it wrong?
by
PrivacyG
on 17/07/2025, 06:42:00 UTC
I believe we are in the middle of a conflict.  On one hand, the Bitcoin chart is supposed and expected to launch.  And there are clear signs of that.  On the other hand, the situation world wide seems really bad economically.  I presume what happens is we simply wait and see what wins, whether it is Bitcoin or the crisis.

The thing is.  One of the reasons I am using Bitcoin is to run away from Fiat.  If Fiat drops down to the floor, it is of course a catastrophe but I would not mind it TOO much considering I do have what I consider to be a currency AND a safety from recessions.  If Fiat is doing bad and Bitcoin looks strong, to me at least Bitcoin is simply doing its job.

Does this mean Bitcoin will stay just as strong in the scenario of an economical catastrophe?  Maybe, but maybe not.  After all, a bad economy means people need money.  If the majority of us used Bitcoin as a currency and a commodity, it would be one thing.  But a lot of people put money in to Bitcoin hoping they become rich.  If they need money, they will sell.
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Board Bitcoin Discussion
Re: Can Bitcoin kill other crypto?
by
PrivacyG
on 17/07/2025, 06:29:11 UTC
Is bitcoin in any way a threat to any other crypto? The answer to that is absolutely NO.
In fact, Bitcoin IS a threat to other Cryptocurrencies.  Every single time a new Cryptocurrency launches, people are wondering whether it is going to become 'the next Bitcoin'.  Bitcoin is not directly attacking any Cryptocurrency but considering its size and success, it is indirectly destroying any other competition with out having to do any thing at all.

Every time there is a bull or bear run, Bitcoin is the one they all talk about.  This is ignoring the other few shitcoins that pump to only become another buried altcoin in the massive graveyard of shitcoins that died very quickly.  If there is something an altcoin community is afraid of, it is that their altcoin may not do as well as Bitcoin does.
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Board Beginners & Help
Re: Learned My Lesson About Using AI – Just Being Honest for Other Newbies
by
PrivacyG
on 12/07/2025, 00:05:33 UTC
Using AI to write Bitcoin Talk topics or replies makes NO sense unless the account owner is trying to farm the account for signature campaigns, to sell it or to get it ready for a big scam.

Why do people always write AI replies here but never use AI to write an SMS, an email or anything else?  Has the world become SO lazy that we can not even write two lines of text on our own?  It takes more time to find a way to write the right prompt than it would take to simply write your own answer down and send it.

If the reason behind it is that the account owner is in a big need of attention and really wants so badly to be the main character, it is even worse in my opinion.
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Board Development & Technical Discussion
Re: Bitcoin must upgrade or fall victim to quantum computing in 5 years
by
PrivacyG
on 11/07/2025, 21:44:01 UTC
It's always the same narrative: "it's still far away," "we don't know when," "it's not a concern yet"... but the key point is that real technological progress, especially in private, corporate, or state environments is not necessarily made public. Relying solely on what's published in academic papers or announced by public companies is naive, especially when we're talking about global financial security.
Then we should start worrying and stressing out REALLY bad because what if the actual technological progress out there in the private enviroment is technology that is over 1000 times better than the Quantum Computing we know of?

I'm not saying the quantum apocalypse will happen tomorrow, but I also don't think it's wise to live as if it's impossible in the coming years. If your wealth depends on the assumption that no one is making significant progress behind closed doors, that's already a serious vulnerability.
I prefer to work with safety margins, not bets on the unknown.
But nobody says this should not be considered or should not be worked on.  It is worked on already but right now, Quantum Computing still does not pose a big risk to Bitcoin due to it still being SO far away even from becoming available to the end user.

I prefer safety margins too, but to me right now the priority safety margin that should be considered is whether a big change to Bitcoin that involves protection against Quantum Computing is capable of haltering the progress Bitcoin has had so far.  In my view, this is closer to Google finding a better name to rebrand itself to.  Competitors may pop up with a better brand name and a better logo, but this does not mean Google HAS to rebrand itself.  It is more dangerous to its business than quickly finding a more modern name with little research and experimentation.

If you were here when Bitcoin split into Bitcoin and Bitcoin Cash, you would know how divided the community was.  It still is, even today.  This was also not the only time we had the community divided.  I definitely do not want this scenario to repeat itself.

Other projects may be Quantum resistant, but if they fail they are yet another drop in the ocean of shitcoins and failed projects.  Bitcoin is the biggest of all, of course it needs more time to adapt and it needs a lot more time before a big change is deployed.  And in my opinion, it is for the better of it and its future.
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Board Beginners & Help
Re: I am new here
by
PrivacyG
on 11/07/2025, 21:29:51 UTC
The first thing you should to is stop treating this as a community of cultists.  It makes me feel weird.

We have no Overlord, that is unless you submit yourself to Foxpup and start cycling really fast for Merits.  Then you may have one.  Although I do have a feeling Foxpup may want to throw me in the pits of hell for using the word 'Overlord', it seems kind of inappropriate.

Now seriously, imagine this was simply a Facebook group.  There is no need to introduce yourself, people will remember you if you shine well enough here.  There is no expectation that you are a Bitcoin guru, nor do we punish any body for not knowing.  How would you feel NERVOUS to be here is beyond my understanding.

Answer to topics you like, start your own interesting topics if you have good ideas but make sure they were not already posted a thousand times before by making use of that Search button too.
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Board Bitcoin Discussion
Re: What will happen if Bitcoin's network gets too big?
by
PrivacyG
on 11/07/2025, 21:18:41 UTC
You can answer this yourself by looking at historical charts of average fees and checking out how much congestion Bitcoin had historically.  The charts do not look good.

Bitcoin became more congested over the years as it grew.  It took longer to clear congested mempools, fees became higher and higher, people started paying to be put on a priority list by miners.  This was not SUPPOSED to happen but it unfortunately seems to get worse every halving.  Others can cope as much as they want, as long as this problem is not solved Bitcoin will become less interesting to many.  It becomes extremely annoying when you have to spend and the mempool is so clogged up your transaction has to wait hours or days and still require two to three fee upticks for it to finally go through.
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Board Gambling
Re: 🔥BetFury.com | 👑#1 VIP CLUB | 🎁FREE BTC DAILY | 🤑Up to $10 500 BONUS
by
PrivacyG
on 11/07/2025, 21:12:11 UTC
Didn’t realize there were so many legal complications around gambling in the US. I knew some states had restrictions, but I didn’t expect that even deposits and payments could be blocked like that. No wonder many casinos just choose to ban US players altogether — looks like the easiest way to avoid trouble.
Do US residents even have what to choose from nowadays?  It seems extremely frustrating to see like 9 out of 10 services not accepting customers from The United States.  Pretty much any exchange, casino, service I ever entered from an United States VPN has blocked me for living there.

It also got worse and worse through the years.  5 years ago the situation seemed much better than today.
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Topic
Board Gambling discussion
Re: The Role of AI in Gambling
by
PrivacyG
on 11/07/2025, 21:01:56 UTC
You people who think AI will soon replace employees of casinos have probably never tried an actual conversation with an AI without ignoring all the mistakes it makes.  Or, worst of it all, you probably never dealt with AI customer support.  Depending on how bad of a day the AI has at the time it has to deal with a customer, it can become EXTREMELY frustrating to the customer really fast.

Most of the 'amazing' AI conversations are scripted or pre programmed to look as if it is doing a fascinating work.  Even if casinos decide to replace employees with it, humans will most likely miss the REAL human interactions and stick closer to real casinos with breathing humans, not lines of code.

Or maybe I am wrong.
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Topic
Board Bitcoin Discussion
Re: Bitcoin Volatility: More of an Advantage Than Disadvantage
by
PrivacyG
on 11/07/2025, 20:55:55 UTC
You will only be worried about Bitcoin volatility when there is a lack of understanding of Bitcoin, and one is expecting to make a profit from Bitcoin quickly and is not ready to hodl Bitcoin. The volatility of Bitcoin is what makes Bitcoin what it is, and people must understand it. When the price of Bitcoin drops, it is an opportunity for investors to accumulate more Bitcoin, and as the price of Bitcoin increases, it is also a benefit for those who have been hodling to profit from their Bitcoin investment. The volatility of Bitcoin shouldn't be a problem because it is what makes Bitcoin very valuable. A lack of understanding will always lead people to view Bitcoin in a certain way, which may cause them to be hesitant about investing.
I get what you are trying to say but the message also sounds kind of silly if you think about it from a third perspective.  It really sounds like a mouthful of hopium.  'Bitcoin is great because it is volatile, it always pumps, even when it crashes it is still amazing because it is an opportunity', if somebody new reads this they would think you are part of a cult or something.

Bitcoin offers an opportunity with each crash but there is no guarantee that an investment during a crash leads to more profit in time.  While the charts show you are right, there is always a possibility Bitcoin steers the other way for the first time.  Then it is all a matter of, do you NEED the money you invested or can you live for possibly many more years before the market finally recovers again and you make a profit or at least make it even?

People who quit during crashes are often doing it because they are not sure of their own investment, of the future of it or because they invested an amount they should not have in the first place, and now it affects their life.

It is understandable why somebody who is afraid of volatility will not look at Bitcoin.  And even I may have not been as keen on supporting Bitcoin and Monero if they had not offered me such a good alternative to the corrupt and dirty banking system.  Because if you completely ignore the benefits Bitcoin brings you, then all you are left with is a chart that looks like gambling no matter how you spin it.  Then you research how its supply works, how mining is done, why it costs this much et cetera and you start getting a real idea of why investing in Bitcoin is smart.
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Board Bitcoin Discussion
Re: Bears in disbelief! $1 billion in shorts wiped out as Bitcoin pumps
by
PrivacyG
on 11/07/2025, 20:35:32 UTC
A lot of them are still betting on Bitcoin to finally do the overturn and do what it never did, which is falling to the bottom and not returning again in between two Halvings.  That is it in my opinion, nothing more.

Some people are REALLY hoping for Bitcoin to finally do it so they can finally prove themselves to be right and prophets of the doom of Bitcoin.
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Board Bitcoin Discussion
Re: Bitcoin Volatility: More of an Advantage Than Disadvantage
by
PrivacyG
on 10/07/2025, 19:07:19 UTC
It sounded smart a decade ago when CEOs were mentioning this argument of 'too volatile for my liking', but it turned out to be extremely stupid looking now when you realize that even if a billionaire put 0.1 percent of a billion in Bitcoin, which is nothing to them, they would have a considerable profit by now.

Many of them throw money at luxurious cars, villas as large as malls with dozens of rooms nobody ever lives in, prostitutes, gambling et cetera and then they say Bitcoin is too volatile so it deserves no money to be thrown at.  It sounds dubious.  Almost as if they do not want to see a project succeeding when is meant to offer an alternative to the system built by and for billionaires.
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Board Bitcoin Discussion
Re: BITCOIN reaches new all time high today!
by
PrivacyG
on 10/07/2025, 18:57:27 UTC
Ah!  And once again, all the people who called the apocalypse of Bitcoin were wrong.  Up next, a swarm of topics about Bitcoin being a complete scam because the price is definitely unsustainable!

Coping will be hard for all of them who really wanted Bitcoin to die.  Yet here we go, all of us witnessing another upward history in the making.
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Board Bitcoin Discussion
Re: World’s first commercial quantum computer sold to Lockheed Martin
by
PrivacyG
on 10/07/2025, 18:29:21 UTC
Unless you like philosophy and having a lot of imagination, there is not much to worry about at all.

Bitcoin is not like a military base.  You can shoot rockets at a military base but they will know, and even if they do not because they die before they find out, everybody else will know.

Bitcoin can be attacked behind the scenes with absolutely no body else knowing it.  Quantum Computers have been the subject for years now, but remember there are a lot of technologies and science experiments done privately with no public eyes to see the results.  This means somebody somewhere in this world may have already broken Bitcoin a long time ago but we only have not heard about it yet.

An attack like this is closer to a trojan horse.  Bitcoin can be broken 'from the inside' and hell only breaks loose when the perpetrator wants it to.  Or, we all get lucky and the perpetrator is actually going to help Bitcoin get better instead of trying to destroy it.

What does this mean?  It means there is no point in fearing what could happen in the future.  For all we know, China may secretly have a Quantum Computer 100 times faster and better than what is publicly known to be the best today.  They may have already broken the entire thing.  In fact, it would be in THEIR advantage to never speak about it publicly.  By breaking encryption, you can spy a lot better.  You can find and put together information you never could have before.  Mentioning it publicly means everybody else starts preparing to secure themselves and their privacy in the face of Quantum Computing.

If this ever happens to Bitcoin, it will be fixed as soon as possible through emergency measures.  It would not be a matter of 'is X better than Y', it would be a matter of 'X is not Quantum ready, Y is'.