We’ll never see $25,000 or below again, quote me on that.

The problem we’ve had with regards to Musk & his FUD on bitcoin is that he’s been a law onto himself on Twitter. He drops these FUD bombs & nobody can respond quick enough, all the noobs & weak hands sell & the price dumps.

The difference with this talk on July 21 is that @jack is a very intelligent guy & very pro bitcoin. He’ll be able to counter if Musk starts nonsense FUD again. So we really shouldn’t see any more negative price action if Elon decides to start trolling again.

Either way, a lot of the negative points Musk had have been sorted out now. The Bitcoin Mining Counsel, headed by Saylor have revealed bitcoin mining actually uses over 50% renewable/clean energy. Also China have now kicked miners out so that FUD is dead too.

I think we’re past the worst & bitcoin will start to rise again now. The bull run is alive & kicking, 1BTC = over $100,000 by the end of 2021 (not sure about $70,000 by 22 July though).

Former US President Trump said on Monday that Bitcoin may be a scam. Trump declared: "Bitcoin seems to be a scam now," he added, "I don't like it because it is a currency that competes with the U.S. dollar. I want the U.S. dollar to become the world currency. This is what I have always been Emphasized." What do you think, what impact will Trump's speech have on the price of Bitcoin?

Sharing another interesting infographic from visualcapitalist.com

https://www.visualcapitalist.com/bitcoin-is-the-fastest-asset-to-reach-a-1-trillion-market-cap/


as we can see from the data above, Microsoft took 44 years to reach 1 trillion market cap, while Bitcoin took only 12 years!

Unfortunately, Bitcoin could not sustain such prices for long, and now the total market cap is about 650 billion USD. ( 1 trillion marketcap is about 56K USD)
Anyway, that is an impressive milestone for Bitcoin!

It is difficult to decipher the actual meaning behind what you are writing.

The government is spying on everybody. Did you not read about Snowden and the NSA leaks? And most big corporations like Google and Facebook are assisting them, as are most centralized exchanges. If you complete KYC at a centralized exchange, then at some point the government will get their hands on your trading history and all your linked addresses. And they might not have unlimited power, but they certainly have an awful lot of it. Have a read about "indefinite detention" and "forced disappearance", both of which the US government take part in.

And who do you think orders those drone strikes? Or keeps ordering the military in to a variety of countries around the world, for that matter?

I'm obviously not talking about heat-of-the-battle split second decisions. I'm talking about a pattern of behavior over years and decades of detaining/torturing/murdering innocent people.

By government sanctioned programs and facilities. Guantanamo bay tortured people for years, with the majority of people there eventually being released without charge. Or what about the Abu Ghraib prison? Or the Bagram facility. Or Khalid El-Masri? Or the years of "enhanced interrogation techniques"?

Still, we are going off topic here. My underlying point is the government is not your friend. They are spying on you, they are using blockchain analysis technology and methods, and they can not be trusted to act fairly or even legally. Completing KYC is giving the government a free pass in to all your financial dealings with bitcoin.

KYC is always a risk.

That isn't why its implemented though. Its implemented because its often a government requirement. Gambling websites usually have a similar sort of system in place, where you can only deposit/withdraw large amounts once you have verified your identity.

I'm not even sure how someone could cheat on an exchange.

No, not all of us are claiming that identity theft is a massive issue. Although, it definitely is an issue so we can't ignore that, but a proper exchange or any service for that matter should be storing this kind of information off the server, rather than live.

We are saying that users of these platforms should be thinking more about their privacy, and should be valuing it more. The fact that, selling on data is a lucrative business, is something we have all probably become aware of in modern times. How many times, have you received a spam phone call? Now, sometimes this might be by random, and the caller is doing a brute force approach, but often it can be because someone has sold on the data.

Ignoring the difficulty of this, which I don't believe is easy either online or offline. The fact is, when your data is compromised on the internet, its likely not just your details which have been compromised, but thousands or even millions of users, which makes it a lucrative business. You might be right that a physical theft might be easier, but you're probably going to leave a trace if you aren't a Ninja. On the internet, there are ways of concealing your identity, things like Tor are probably used by criminals frequently, and that's probably why there are rumours that the government also host exit nodes, to catch them.

However, to get to my original point. Lets just assume your statement is correct, that doesn't mean we should just ignore the very real fact that servers, and data get compromised a lot more on the internet, this is simply because; its a larger target area. You likely, only know around <100 people that know your real life address, and most of them and won't be interested in criminal activities, but on the internet someone doesn't personally need to know you, they just need to know where the service stores their data. They don't need any personal connection to you, and thus there will be more malicious users, trying to steal data, than in a physical way. So, while it might be easier to get this information locally, there are far more people trying to compromise your data online, and therefore the chances of significantly more than in person.

Well, the original point of the thread has nothing to do with programming. Plus, the cheating aspect you bring up seems to be more likely to be encountered in online gaming, rather than a cryptocurrency exchange. Even then, they don't require KYC. So, if I was going to counter your argument of "anti cheat", then it would be many successful games filter out most of the cheaters without introducing KYC.

Besides security, and privacy are similar, but aren't the same. You don't need to know programming to understand what is, and isn't a privacy breach. Same as, you don't actually need to know programming to understand what is secure, and what isn't. In a work place, you usually have someone come up with the ideas of security implementation, via a simple, but concise explanation, and are usually referred to as a design plan. The expect one person, to come up with a sophisticated security implementation is, rather unrealistic. Most security matters are developed by many people, due to the complex nature or they are simply using existing libraries.

Securing any system, be it online or a local system is probably one of the most complex jobs in programming. Just think, how many bugs you have programmed in your life, well they might have not meant anything on the grand scheme of things, but in a security aspect they could potentially be exploited, so any security implementation is usually extensively reviewed.  

You being a software engineer, doesn't necessarily confirm you understand the programming aspects of security either. Software engineer is such a broad term, and might mean you've actually never touched any of the security aspects of a program or one that an exchange might use, and to what level. Especially true, if you work within a team, and aren't doing it alone as you usually cover a certain part of the code. For example, you might be responsible for the verification aspect of emails, or the system which extracts the ID from the live server, removes it, and then deposits it somewhere else.

I couldn't possibly claim to know every aspect of security, that would just be absurd. Its why as companies we bring in experts in a particular field, and look for people with experience in a particular thing. Satoshi did a brilliant job, and is considered a genius within the field by many or if not a genius definitely a pioneer, but there was still bugs, vulnerabilities, and other exploits within his code. It definitely wasn't perfect, and anyone claiming to have a perfect system, is likely either lying directly or knowingly trying to mislead others to thinking that as you could never be 100% sure.

Like seriously, if you take a look at most companies out there, they've been exploited, hacked or breached. Google who employ top level people within the field for a lot of money, Bitcoin, Facebook, Microsoft, and this forum. They've all been compromised at some point, even when they have multi millions going into security. So, to go back to the original point you should be wary of putting your personal information anywhere let alone places where their security budget is lower than average.

Show me the proof that the governement (which one btw ?) want to do something wrong to someone innocent ? prove me it.

Who decides who has the duty of protecting the public by having personal information? If the government and security protects us from scammers, who protects us from the government?
This narrative of keeping the internet peace should be dropped as it's only an excuse that is used by the authorities to maintain control.

If it's not that hard to steal personal details, how efficient is the KYC process, it doesn't stop crime or scams?

We entered a bear market earlier than expected

The prices won't go up anymore from now. People say Elon control the Dogeocin market. But he controls Bitcoin at the same way.

• Why KYC is extremely dangerous – and useless
• How KYC/AML poses a serious threat to your privacy and should not be used at all
• Be careful with your KYC documents
• The Unseen Danger of KYC

People are greed and easily accept any KYC with a hope to get rich quickly. Unfortuantely, when privacy is lost, you will never be able to get it back. Your identity can not be erased on the Internet if it was leaked and spread around.

That excellent topic and three referenced articles are enough to answer your question.

It has been dead since 2 years ago. Wallet with VPN inside which, if fired up, connects to another active wallet on the network and uploads to that user your personal information, summary report of your computer hardware and your physical location is also shared, and this process of sharing happens concurrent with another user sharing their details which enables everyone to get other peoples information for free.

So everyone is blaming Elon now. My question is what would you do if you were filthy rich like him and you knew that it's easy for you to manipulate the market? What would you do if you knew that one positive tweet from you will skyrocket the market and one negative tweet will crash the market? I think you would do the same.

The crypto market is full of noobs. They have no idea of crypto. They are not keen to learn and not able to visualize the big picture. If anyone is buying crypto because Elon tweeted positive about it then they are doing it wrong. They need to learn a lesson. I do not blame Elon because he is doing what's best for him and his company. You should be doing the same instead of listing someone else.

Dear https://www.facebook.com/marvin.navarro.63483 footlicker... It's very clever now that you have hacked my account, once again carried out malicious acts... Young man despite your 29 years old... Despite your multiple death threats against me... Be assured that when I land again in Europe, especially in France, I will be more than happy to come and greet you directly. For the time being I expressly ask you to stop your repeated harassment and incidentally go to fuck off.

Your comments and other attempts at personal intimidation have no place here.

....

EDIT: your facebook account has been owned  

and what we Have with Exchange now?

Socks sucker https://bitcointalk.org/index.php?topic=4902692.msg56089558#msg56089558