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Bitcoin - A Beginner's Guide to the World's Most Popular Cryptocurrency
by
benyten9
on 26/04/2023, 10:55:42 UTC
Bitcoin is a digital currency that operates on a decentralized network of computers, and it has become increasingly popular in recent years. It was created in 2009 by an unknown individual or group of individuals using the pseudonym Satoshi Nakamoto.

Bitcoin is different from traditional currencies in several ways. First, it is not backed by any government or financial institution. Instead, its value is determined by the market, much like other commodities such as gold or silver. Additionally, bitcoin transactions are conducted over a peer-to-peer network, meaning that there is no intermediary or central authority that verifies and processes transactions.

One of the biggest advantages of bitcoin is its security. Transactions are recorded on a public ledger known as the blockchain, which is virtually impossible to tamper with. Each transaction is also verified by a network of computers, making it extremely difficult for anyone to manipulate the system.

To use bitcoin, you need a digital wallet, which can be downloaded as a mobile app or installed on your computer. You can purchase bitcoin on a cryptocurrency exchange using traditional currency or by trading with other users.

One of the criticisms of bitcoin is its volatility. Because it is not backed by any government or institution, its value can fluctuate dramatically in a short period of time. However, proponents argue that this volatility is a natural part of the currency's growth and that it will eventually stabilize as more people begin to use it.

Despite its criticisms, bitcoin has become increasingly popular as a means of payment and investment. Some businesses now accept bitcoin as payment, and there are a growing number of cryptocurrency exchanges and investment opportunities available to users Tree Removal Service Berkshire.

Overall, bitcoin represents a fascinating new chapter in the world of finance and technology. While it may not be perfect, its potential for disrupting traditional financial systems and democratizing access to money is certainly worth exploring.
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Re: Risk of jail for developers. Should you be anonymous?
by
benyten9
on 04/04/2023, 08:18:29 UTC
Quote from: takuma sato on December 11, 2022, 03:45:54 PM
I was looking at Christine Lagarde's latest remarks on CBDC's and it seems pretty clear to me that the agenda of banning cash and then replacing the euro with the "digital euro" is now unstoppable, which will for sure make the Bitcoin price go up. However, it basically means that if you are supporting BTC, you would be developing a tool that "enables money laundering, terrorism, etc" and challenges the CBDC monopoly.

How realistic is it that public figures would be facing charges in the future? As a developer, should you remain anonymous? At the end of the day satoshi knew he was going against the status quo and managed to stay safe, however, what about all these doxed developers? I can see how they'll look on github and try to hunt contributors. We are facing a scary future. It's better to say steps ahead and plan accordingly. Someone with resources probably could move jurisdictions before it's too late but what about the rest. And even if you could move you could see yourself in an Assange situation trapped in some embassy. I would like to know if developers here think about this at all and what is your escape route if shit hits the fan.


There is no blanket answer to whether developers should be anonymous, as it depends on a variety of factors and circumstances. However, it's important to note that being anonymous doesn't necessarily protect developers from legal risks.

Developers could face legal risks if they are involved in creating software that is used for illegal activities, such as hacking or distributing malware. Additionally, if a developer knowingly participates in or facilitates illegal activities, they could be held responsible for their actions and face legal consequences.

In some cases, being anonymous could potentially make it more difficult for law enforcement to identify and prosecute a developer. However, it's important to note that law enforcement agencies have a range of tools and methods for investigating and identifying individuals, including digital forensics and other advanced technologies.

Ultimately, developers should prioritize ethical behavior and compliance with the law, regardless of whether they choose to remain anonymous or not. If a developer is uncertain about the legal implications of their work or is concerned about potential risks, they should seek guidance from legal professionals and take steps to protect themselves and their work.