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Showing 20 of 2,048 results by PrivacyG
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Board Beginners & Help
Re: Bitcoin in the educational sector
by
PrivacyG
on 23/05/2025, 10:24:01 UTC
True we do not need to visit the physical libraries anymore because most of the information is brought by the internet, just a search button away to anyone who is looking for information.
I would argue it is easier to find good and viable information in a library than on the internet however.  For the general population at least.

Too many people got used to ONLY pushing that ONE button to look for information and believe the first link they read up on, or not even reading the article itself but only the title and drawing their own conclusion out of it.  Not to mention how many people I hear nowadays getting their information from Chat GPT, the way people are nowadays researching is very, very bad in my opinion.

Libraries contain a lot of bull from a few writers too, but generally it is better to read up on a subject from a book than off the internet if the reader is the average person and does no prior research.
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Board Bitcoin Discussion
Re: Russian Central Bank Acknowledged Bitcoin as the most performing asset
by
PrivacyG
on 23/05/2025, 10:14:40 UTC
Would be "dead" though? I would rather say that the two would be put on the same pedestal, being used for different cases at different times (when needed), at least by the governments (which we discuss here, not on a scale of a person and such).
Gold is definitely not going to die.  There has not been as much hype for Gold as there has been for Bitcoin in the past decade and the rich class surely prefers Gold, publicly at least.  But they serve two different purposes although they seem to have a striking similarity.  Gold will continue to be used in a lot of industries, there is no viable alternative yet with the same level of specifications or even better and at the same cost or cheaper than it.  Bitcoin can do wonders in a lot of ways, but a cyber attack can and will put Bitcoin down until it is solved.

Also, Bitcoin will never be FRIENDS with the Government unlike a few people in this topic say.  They may be neutral to Bitcoin since there is no way they can totally conquer it but it will never be their friend.  Gold supply is easier to manipulate.  It is also easier to hide illegality done by Governments and politicians through Gold than it is through Bitcoin.  If you want a closer match, it may be Monero.  But then Monero is better AND worse.  A politician can go on with their life without anybody else spying on them.  Amazing for them!  At the same time however, we can ALL go on with our lives without anybody questioning us or our financial choices.  Worse than anything else for them!

Realistically, anything that takes power from the most powerful classes of today will be their number one enemy.  They can pretend they like Bitcoin and want to help it all they want, they will never gain my trust and I will always question their plans to make Bitcoin 'better'.
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Topic
Board Bitcoin Discussion
Re: Bitcoin 2025 guest line up to include Ross Ulbricht and...Peter Schiff?
by
PrivacyG
on 23/05/2025, 10:01:05 UTC
You know what.  In a world where CRITICal thinking seems to be a priority, having a critic at a Bitcoin conference is not a bad idea at all.  I much rather see two opposite sides than only people who make Bitcoin seem like the revival of Jesus.

I know Schiff has been an avid critic of Bitcoin, sometimes a silly one even.  But sometimes he does have good points to make and at the end of the day, the goal of our community should in my opinion be finding ways to get EVERYBODY aboard rather than spit on all the critics and lock ourselves in our own community.

It is hard for a lot of people to acknowledge there are cons to Bitcoin too.  Rather than throwing back a 'but so is Gold X, Y and Z!', things would go so much smoother if we all tried to find a way for all of us to be part of this thing and be happy with what it can bring us.  Schiff is old after all, he is a gold head too, but what if he switches sides and finally sees the spark in Bitcoin after all these years?  I would be happy.
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Board Bitcoin Discussion
Re: When Bitcoin hits $1 million each sat will be worth 1 cent
by
PrivacyG
on 23/05/2025, 09:54:49 UTC
You are right because bitcoin is still more popular than sat and not many people even know what sat mean except those who have good knowledge of bitcoin and its denominations. Like you said, it is more prominent to say that bitcoin is priced at $1 million per coin than saying that 1 sat is priced at 1 cent. Let's give bitcoin the praise it deserve so that those who doubted this will bury their heads in shame seeing what opportunity they missed due to their ego and doubt.
Yes and no.  The higher one Bitcoin will be valued, the harder it becomes for the regular people to think in terms of 'Bitcoin'.  I do see a shift in the future.  If people used to think in terms of mBTC and such for smaller transactions such as maybe grocery shopping, it would be silly to think in Bitcoin if and when Bitcoin hits 1 MILLION dollars.  100 Satoshis for a dollar pack of gum seems easier than 0.000001 Bitcoin (say it out loud to think how silly it sounds, zero point zero zero zero zero zero one Bitcoin).
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Topic
Board Bitcoin Discussion
Re: First All Time High Under this Leadership
by
PrivacyG
on 23/05/2025, 09:48:27 UTC
Political things aside, do you people really think this price is a win for Bitcoin?  Do not get me wrong, it is WAY better than other assets whose value was static over the years and whose holders did not even earn the inflation back from.  But in Europe at least, since the last All Time High the prices have exploded on all possible sides.

If I consider most prices exploded by at least 100 percent in the last years, this Bitcoin price is rather an adjustment to inflation and this thing that seems to be a recession we are all currently experiencing.

Trump did this, Biden did that, Europe did this, China did that.  The whole world is seemingly heading the wrong direction, economically at least.  It seems that everybody is desperately trying to prevent the REAL face of the economy from showing, through desperate measures.  When these desperate measures have no effect any more, things will shit the fan REALLY hard all over the world.  I still contradict exaggerations and really stupid arguments, but we should all be honest here, things are definitely not looking good and it is not a single politician or party to blame.  It is all of them, they are all in the same despair!
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Board Beginners & Help
Merits 3 from 2 users
Re: Bitcoin-stealing malware found in Chinese printer driver
by
PrivacyG
on 20/05/2025, 08:03:48 UTC
⭐ Merited by Ultegra134 (2) ,goldkingcoiner (1)
but I'm starting to believe that isolating a wallet on a separate computer with no internet access sounds best to me. Imagine downloading your printer's drivers and you find yourself with an empty wallet.
It seems that you finally woke up to the harsh reality!  Isolating the computer with no internet access is DEFINITELY the best way to go.  The more you will read up on the subject of how easy it is to lose Bitcoin, the more you will be convinced of this.

Not only will you find yourself with an empty wallet, but you may not even realize where the hell the malware came from.  Back in the day before my paranoia, I would have never guessed my wallet can be emptied from what seems to be a legitimate driver.

I searched the company and it doesn't look sketchy, as it's stated on the article, they outsource their software to third companies, perhaps a malicious employee planted this malware, which shows how vulnerable we can become just through the smaller link in a chain (just how Coinbase got its data leaked).
It does not have to be a sketchy company.  Google used to praise not doing evil, now they changed their mind.  All sorts of people become criminals overnight and you would have never even guessed.  The point of this paranoia is having a safe Bitcoin wallet that offers no head aches.  Because why stress yourself out when you can live in a peace of mind?

Things can go very south even if you are usually very careful.  It is enough to do ONE mistake and it can all be gone.  You may be drunk one night and not realize you are clicking on the wrong website or download link.  Why stress out, I rather be peaceful instead.
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Board Bitcoin Discussion
Re: P2P Bitcoin Platform
by
PrivacyG
on 20/05/2025, 07:54:05 UTC
I don't want to use CEX with KYC, and Telegram bots. Hearing that many scamers use it.
Not only do scammers use them but they are also very bad for your privacy too.  It is a very good thing that you moved on from the idea of sharing your private documents with a third party and are now looking for an alternative.

Have you ever tried Bisq (https://bisq.network/)?
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Board Bitcoin Discussion
Re: Has Bitcoin Become All Right-Wing?
by
PrivacyG
on 20/05/2025, 07:52:22 UTC
You are looking at it from the wrong perspective in my opinion.

Bitcoin does not sit in any political boat and should not be linked to a political party or politician only because they praised it.  Anybody is free to hate on Bitcoin or to praise it, it does not mean there is a link between the two.  Bitcoin is independent, it can still work and run even if the entire planet turned to dictatorship.

In the same way, it is in my opinion wrong to hate on or love something only because a single person said it is bad or good.  In this life time, I have seen many people idolize something because a celebrity said it is cool or absolutely despise something due to a bad guy talking about it.  Trump can praise Bitcoin as if it is God, it does not make sense for somebody to hate on Bitcoin only because they hate Trump too.

No, Bitcoin has not become 'all right wing'.  Bitcoin can do the same thing for both wings and the center.  Rather, the right wing supporters found that Bitcoin fits their own set of mind.  Bitcoin does promote freedom and an alternative to the current very corrupt and dirty banking system.  But if Hitler was found alive and his last note was 'TODO: Make Bitcoin the world currency', does that mean it should be banned and hated on?  It makes no sense to me!
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Board Bitcoin Discussion
Re: Michael Saylor Keeps Buying Bitcoin
by
PrivacyG
on 16/05/2025, 03:58:38 UTC
Things can go very south from the moment he decides to sell.  It can happen slowly and even silently I presume, so Saylor can only expose the sale in quarterly reports where we finally find out.  Or he can crash the market and cause a lot of panic.

Another question comes too, who will he sell his Bitcoin to?  If he owns over 2 percent of the total supply, I see banks having a growing interest in the accquisition of his large stash of Bitcoin at one point.  As a bank, having the opportunity to own this much of the supply through one single transaction from a single party may be something they may attempt if they want to finally get involved with Bitcoin.  For Saylor, if Bitcoin becomes worth more than 250-300 thousand, selling it all in one chunk may be an excellent opportunity.

What happens then?  Saylor sold.  SHAME ON HIM!  Bank purchased his stash.  THE NEW BULLISH HERO!  Or is it?

My fear was always that the banks will do the best they can to own as much of the Bitcoin supply as possible.  And not only banks, there are multiple entities whose hands I rather not have so much Bitcoin centralized in.  I get why people are hyped about Saylor but I also do not.  Years ago we would have not cheered when a single party wanted to control a large chunk of the Bitcoin supply.  It would have been a fearful event instead.
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Board Bitcoin Discussion
Re: Are we really using crypto as a currency... or just holding it like digital gold
by
PrivacyG
on 16/05/2025, 03:48:48 UTC
While building it, I ran into a fundamental question:

💬 Are people even interested in spending their crypto?
Yes.  Indeed they are.  But this does not mean they will ALWAYS spend their Cryptocurrencies.

One thing you should note is that the Bitcoin market is not very stable and rarely enters bull runs.  Although bull runs have historically been highly profitable, them being a relatively rare occurrence means people will likely spend only then while finding themselves in an accumulation or recovery stage during the rest of the time.

Altcoins are even worse.  Most of them at least.  Compared to Bitcoin, they rarely produce more profit during the longer term.  However, many of them are what I would call 'one time risers'.  They rise only once but by an incredible percentage, then they fall and collapse while all the investors who put their money during the spike are wrecked.

If I put 100 dollars in Bitcoin and it becomes only 90 dollars in a matter of an year due to the Bitcoin being in a relatively bearish market, I would obviously rather not spend it.  If it then spikes from 90 to 500, I may decide to finally buy the new product I kept waiting to afford.

But if I put 100 dollars in an Altcoin, it often either becomes almost nothing, it becomes worth less or there are extremely rare occurrences where you find yourself in the middle of a one time riser during its spike.  It can become 1000 dollars in a week, or a day even.

However.  Keep one thing in your mind.  A lot of people never really spend because they see how much they made, 100 to 1000 or 90 to 500 in a really short time span and they think this is their time to become rich.  And at the end of this waiting, they find themselves now only owning 180 instead of 500 in Bitcoin or 80 instead of 1000 in Altcoins.  So they wait, hoping to recover their paper loss.  And it often never happens, so they sell.  And so on.

To end the story time quicker, while we do intend to spend our Cryptocurrencies, we are often emotionally and mentally stuck not knowing what to do next and realistically speaking, you can not and should not expect a VERY large volume on a Cryptocurrency shopping platform.  Business wise, it may be a good idea to integrate Fiat as a payment method as well.  Maybe allow customers to pay partially in Cryptocurrency and the rest in Fiat even.  I rather see a platform that succeeds with both methods integrated than yet another platform that shuts down after an year of operation due to a lack of volume or interest.
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Board Legal
Merits 1 from 1 user
Re: Spain accelerates the war on cash
by
PrivacyG
on 16/05/2025, 03:33:13 UTC
⭐ Merited by Free Market Capitalist (1)
Although I understand that smurfing is the process of breaking money into several smaller transactions, the article you mentioned mostly refers it to money laundering. We aren't talking about money laundering in what I'm referring, we're talking about selling goods, with the appropriate invoice, but split into two in order to be able to accept cash. From my perspective, it sounds a little overexaggerated.
Are you sure?  My country also has a 'smurfing' law and while it does fall part of a larger Anti Money Laundering law, it does not necessarily relate to Money Laundering itself.  Basically, splitting a larger transaction that exceeds the maximum cash limit into multiple payments to overcome the limit is an Anti Money Laundering regulation.

While I do not condone what the governments do at all, it is worth knowing the truth here.  I doubt the Greek government did not have a few measures implemented particularly to block attempts at bypassing the law.
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Board Bitcoin Discussion
Re: Michael Saylor Keeps Buying Bitcoin
by
PrivacyG
on 16/05/2025, 03:24:56 UTC
The guy owns over 2 percent of the total Bitcoin supply.  I really wonder how the people will act once he decides it is the perfect time to finally sell for a profit.

People seem to forget this is still a BUSINESS idea.  He is not doing this to become the Jesus of Bitcoin, nor is he trying to save any of us from poverty.  He found an excellent opportunity for his business mind and he is taking the chance.

The day he sells, he may sell 1 Bitcoin, 100 or 100,000 in a chunky batch of transactions.  Theoretically, he will not be stupid to sell THAT much only one time.  It would crash the market and ultimately be in his own DISadvantage, he would sell his Bitcoin for cheaper than he could.

But still, I do not think a lot of these people who cheer for his purchases are ready for the day he plays the reverse card on us all.  Pray he will not do it while also savagely drowning the markets for months.
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Board Bitcoin Discussion
Re: Are there people/organizations that control the price of bitcoin
by
PrivacyG
on 11/05/2025, 07:40:22 UTC
curiosity in me to ask and know if truly that some group of people can actually determine the price of bitcoin by altering the demand and supply of the coin?
Yes, there definitely are some groups of people or even individuals who do this with out even being part of this sort of 'organization'.  If you have billions of dollars, you can manipulate markets for sure.  Billionaires and the wealthy in general love doing this.  They simply own the financial power to put a stop on a rising or falling market temporarily.

There are also cases of groups of people who work together particularly to break such barriers.  A lot of times when the Bitcoin market is moving in full bull force, you see somebody placing a sell order for an apparently incredibly large amount of money in an attempt to manipulate.  A lot of people start purchasing simply to destroy that one barrier and let the price continue to rise naturally.

Markets are not a natural phenomena.  In fact, even natural phenomenas are often easy to mess with and manipulate.
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Board Beginners & Help
Re: Germany seized 38 million dollars from bybut hack.
by
PrivacyG
on 11/05/2025, 07:21:30 UTC
I am starting to notice an increase in the number of topics blaming more privacy oriented services, software or what ever else it is and attacking them for apparently no real reason.  It makes me wonder if these are real topics and written by real people.  If not, then either the dead internet theory is strongly here or the society is preparing to collapse at a fast pace.

Since when is freedom helping crime?  Is this where we are heading?  Is it the right path?  Because if ancestors and generations close to us died fighting for us to be more free, it would be an under statement to say that we are stupidly heading back to what the world was before they fought.  It is unbelievable to me that I start noticing more and more people bashing freedom and cheering invasive laws, procedures and services.

eXch is not HELPING criminals by simply existing.  If anything, like NotATether said before me, the hacked exchange 'helped' them steal the funds.

In fact.  I did not check the direct transactions to see what and how, but if they came directly from a Bybit wallet to an eXch wallet, even if eXch had Know Your Customer and all the other stupidly invasive procedures, it is likely that eXch still passed the transaction as legitimate consdiering it comes from an EXCHANGE.  You know, the platform some people believe are getting shiny clean Bitcoin from!

But, the irony!  Mixers are bad, Tornado is bad.  Do not send them money to get a piece of Bitcoin unrelated to you in exchange.  That is Money Laundering.  Send your Bitcoin to an invasive exchange instead, they will send you a piece of Bitcoin that is clean of any crime!  That is legitimate and the only right way to do it!
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Board Bitcoin Discussion
Re: Which age grade will more likely be easily convinced to invest in bitcoin?
by
PrivacyG
on 11/05/2025, 06:53:11 UTC
For the time being, my pick would be 35 and under.  And yes, the younger, the more likely to convince.

Old people and technology rarely ever fit together.  It is almost impossible for a lot of the elderly to be convinced that there are OTHER ways to do things as well.  Most of them want what is 'real' as in physical assets, but even then I doubt the majority of them are investors anyway.
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Board Bitcoin Discussion
Re: Bitcoin Payment For Cloud
by
PrivacyG
on 08/05/2025, 14:04:01 UTC
I was interested in signing up to Mega.nz to store lots of personal medical information, personal identification documents and business related files
I would like to retain some anonymity as this is the reason i dont want to consider Dropbox as they scan your files and you dont know how secure the Cloud storage is
Cloud storage of non encrypted files and anonymity can not go hand in hand.  You either encrypt the files very well before uploading them or, preferably, you do not store sensitive information on a server owned by a stranger.  Leaks, hacks and every thing negative happened in the past, why put yourself under the risk of becoming only another additional victim to such event?

Not to mention you can not be anonymous if personal information sits in their cloud.  Sure, I can store a file named 'tonynewham', it does not necessarily mean I am 'tonynewham', but one may immediately assume that I am!
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Board Bitcoin Discussion
Re: Holding Bitcoin long-term but wondering if it could be doing mor in the meantime
by
PrivacyG
on 08/05/2025, 14:00:16 UTC
If there was a way to make more Bitcoin out of the Bitcoin you have, we would all have it staked or what ever.  But Bitcoin can not be staked and the only yield generating ways are non custodial.  Remember that pretty much all Cryptocurrencies with 'staking' feature are simply inflationary assets while Bitcoin is DEflationary.  You may not be able to stake it, but it will produce you more value passively as you hold it.
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Board Bitcoin Discussion
Re: Could Twenty One Capital be more successful than Strategy?
by
PrivacyG
on 29/04/2025, 13:36:11 UTC
I'd like to know your thoughts on this:
  • Do you think Twenty One Capital can compete fairly with Strategy?
  • Could the BTC accumulation race push the BTC price to a new ATH by the end of 2025?
  • Does the emergence of Twenty One Capital make you want to hold BTC a little longer?
Yes, Capital can compete with Strategy for sure given the enough interest into buying Bitcoin, risk taking and enough funds.  The accumulation race may push Bitcoin to a new All Time High but it would not be THE factor to do it.  Bitcoin has still not priced in the new block reward post Halving.

Now about how long I would be holding for, I am not holding until Saylor or Capital is.  I am holding Bitcoin for what it provides.  Third parties are not an interest to me.  Even if Bitcoin 'dies', I would seek an alternative.  It offers me a feeling of freedom and safety that I will not give up for a matter of profit.  Particularly considering the history of Bitcoin shows it will likely only provide me MORE profit years down the line.
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Board Bitcoin Discussion
Re: Best way to rotate assets in bitcoin
by
PrivacyG
on 29/04/2025, 13:31:23 UTC
You also risk that something will happen to your coins at the exchange, you lose control just to do what? Turn it to fiat money and back to bitcoin while creating a taxable event and paying exchange fees?
It is even sillier.  OP can sell 1 Bitcoin for 90 thousand and within one hour they may only get a portion of that if the market moves significantly.  Bitcoin to Fiat to Bitcoin is simply a waste of time and possibly of money too.
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Board Bitcoin Discussion
Re: Is it too easy to spend bitcoin in your country?
by
PrivacyG
on 29/04/2025, 13:21:01 UTC
sometimes even BTC is banned, yet there are still BTC transactions in these countries. How does it work?
It may be VPN.

It may be a Tor user.

I have never tried it, bu I suppose I can use Bitcoin too 'from a banned country' if I wanted to by one of the two methods above.  If Bitcoin is banned in a country, it would be stupid to use it through clear net.