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Showing 20 of 658 results by hazenyc
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Board Bitcoin Discussion
Re: Privacy vs. anonymity
by
hazenyc
on 24/10/2021, 13:20:09 UTC
I would argue that most of the people getting into crypto, even those who joined pretty early, didn't 100% certainly know how this sector would develop and what is required to really, really stay anonymous and leave zero trails.
This is a good point. Almost everyone new to this space does not appreciate the privacy implications of their actions until well down the line, and it is significantly harder to regain lost privacy than it is to not lose it in the first place. There comes a point once you've KYCed on multiple exchanges and revealed your wallet addresses to multiple blockchain analysis companies, that nothing short of sending all your coins back to the exchanges you bought them from, selling them, withdrawing the fiat, closing all your accounts, and then starting again from scratch with DEXs, will be enough to claw back some of your privacy. Almost every newbie guide or "How to buy bitcoin for beginners" encourages people to go straight to Coinbase or some other privacy invading CEX and send all their documents immediately, without so much as a second thought. Only individuals who are already very privacy conscious are likely to search for and find other methods to get involved in bitcoin.

That, I believe, is the most relevant aspect of this discussion anyway. Even using TOR isn't safe, it just raises the probability to not get identified. Just have a malicious entry or exit node by operated by the NSA (which is definitely happening) and there you go. So people who use TOR think that that is the ultimate measure to take when it comes to staying anonymous, but it is not.

Would be interesting to ask the best security expert in the world: What should I do (online, but even offline) today to make sure that actions in the digital / physical realm can't be tied to my identity in ten years from now?

Ten years is deliberately chosen here because that would have been a question for someone who joined crypto in its very early days.
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Re: Meme Post sold for $28000 !!!
by
hazenyc
on 24/10/2021, 13:11:53 UTC
Elon Musk posted meme got sold for $28000 in WETH. Elon Musk have posted a meme in which a couple lying on a sofa watching TV find bitcoin at $69000 and ethereum at $4200 on the monitor.

In the post Elon Musk hasn't mentioned the author of the post. The author is extremely happy and has sold the meme for 5 Wrapped Ethereum. Once again the person who bought the meme had relisted for 70 Wrapped Ethereum.

Original author of the post is shegenerates. The author who posted the meme is Eva Beylin.
Lets put up some link for that:
https://www.cnbc.com/2021/10/22/elon-musk-reposted-28-year-olds-meme-it-sold-as-an-nft-for-20000-dollars.html

Extraordinary things like these arent really that a shocking thing here on crypto space where even odd things
could really happen. So lets just deal with it.  Cheesy




Lol so true. When you come from the crypto space and somebody talks to you about this Pokemon card being sold for $300k or so, and he expects you to freak out, you are just like: well dude, doesn't shock me at all. This stuff is happening in crypto day in and day out. Rather draw some dog pictures and took them online. Maybe you get lucky and Musk tweets it! Tongue
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Re: Going public saying you own Bitcoin is not safe anymore
by
hazenyc
on 24/10/2021, 13:09:29 UTC
If there is a crime like this we must be vigilant because this is very dangerous for us as crypto users, Many people who want to live a life of luxury but they do not want to try so that everything they want can be achieved, and they envy the wealth of others so they want to seize, if we have a lot of assets then do not like to show off on social media because this will harm us because not everyone likes the results we get, In any case, personal privacy must be maintained to avoid things that we do not want.
If you don't see that then you are not living in a real-world, the world is corrupt, there are bad people and there are good people, so don't trust anyone or never tell people that you got money as you are just putting yourself into a risk of getting robbed. Once they took your bitcoin, it's hard to get that back even if these people will be arrested, so that fortune (if you have) should be kept in secret.

I guess that is the decisive issue here. While Bitcoin is harder to steal, it is also essentially impossible to retrieve afterwards even if you got the thief or robber. For many physical assets there is at least a chance to either find it or call out a reward, but that is not the case for Bitcoin if the robber is slightly familiar with how cryptocurrencies work.
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Re: Some entrepreneurs harvesting biometric data for free crypto
by
hazenyc
on 24/10/2021, 12:16:06 UTC
Are we crossing the line or this is an innovation to celebrate about?

While a lot of tools lately work with biometric data and they do need test data until they come as final product, hence harvesting biometric data can have a good side too, I fear that this is not enough and sooner or later they can get out in the wild - and getting on government hands is the least evil thing I would think about actually.
So I'd say that they're crossing the line.

I'd agree here with NeuroticFish because a while ago I saw some documentary or so and it was about how the human body can literally be broken down into mathematical equations. While that is great for medical science, the real question is what happens if health insurance companies get their hands on individual data sets? If a certain data set predicts specific health conditions significantly reliably or even only hints to potential health problems, what is going to happen to these individuals' insurance rates? It would completely undermine the idea of a solidly united society.

So the real question is: is it possible that the data gets into wrong hands? That question can certainly be answered with yes because as soon as that data is of significant value, rest assured it is accidentally going to be leaked into the wrong hands.
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Merits 5 from 2 users
Re: Privacy vs. anonymity
by
hazenyc
on 24/10/2021, 11:59:00 UTC
⭐ Merited by o_e_l_e_o (4) ,JayJuanGee (1)
I'd like to admit that when I first got started with crypto, I was big on the whole privacy and anonymity thing but over time, I think that took another direction. I mean, I've a couple of jobs that required me to do a video call with people and a couple of other thing that revealed a thing or two about me. I think many people got into crypto for privacy but everything changes at some point. I know those people that were big on privacy projects have, at some point,compromised themselves too.

When you say that you took privacy and anonymity very seriously when you started with crypto, that also implies that you fully understood how privacy and anonymity in the crypto context really plays out! I would argue that most of the people getting into crypto, even those who joined pretty early, didn't 100% certainly know how this sector would develop and what is required to really, really stay anonymous and leave zero trails.

When I thought about that topic, I frequently asked myself: "What is required to really stay anonymous in this game?". The fact alone that this answer has changed over time, clearly reveals that I would have fucked up in the beginning anyway if I intended to stay anonymous back then. I learned so much new stuff so quickly and realized again and again that staying anonymous forever is almost impossible for literally everyone. Nobody really knew in 2011 that obfuscation protocols would show up soon. Mixers were around pretty early, but it seems that some of them can be cracked by Chainalysis and so on and so forth. I am just saying that staying anonymous with steps required today doesn't mean that measures taken today also ensure anonymity in the technological context of tomorrow.

Those who can anticipate even that and understand how the future most likely plays out with technological advancements in relation to certain capabilities of protocols, seriously, that is a very very small number people being able to pull that off.
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Re: [Bounty] ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀 35k USD worth of tokens Allocated
by
hazenyc
on 24/10/2021, 09:19:06 UTC
Bitcointalk username: hazenyc
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=111110
Rank: Sr. Member
Current Post count: 662
BSC Address: 0x68F5E59356200c83Ff230c2a03FB193937Bf6Fd0
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Re: Reasons to Invest in Bitcoin??
by
hazenyc
on 12/08/2021, 23:26:31 UTC

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

As much as the price of bitcoin can drop in with a single with it has also soared as well several times in the past. For instance, the price of Bitcoin skyrocketed from around $32,000 to nearly $38,000 in January 29, 2021 because of a tweet from Mr Musk. This is just one of those few examples.

My two reasons for investing in bitcoin is that I believe that someday it’s going to be a widely accepted legal tender and then price will get to the moon. In addition, I don’t want to live with the regret of not buy any bitcoin before it becomes mainstream.

I like the last point you mentioned, the regret issue! Grin Really, even if there is sometimes a bit of doubt that all pans out and Bitcoin could be replaced by another new technology, that is just how technology works, I would still be mad at me if I didn't try. I believe in Bitcoin and letting doubts take control over your own belief and passion is very regrettably. If it turns out I was wrong, fine, it was worth the ride! Smiley

I strongly believe that we are still in the early ages of Bitcoin and we all made the right decision to get involved as early as we possibly could.
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Re: Will everyone still believe in Elon Musk?
by
hazenyc
on 12/08/2021, 23:23:05 UTC
I don't believe in Elon Musk's performance at all, which he says can improve bitcoin's performance and we all know that he is only looking for popularity like what he tweeted on his twitter account.I think a lot of people no longer believe in him because he is only looking for personal gain for himself and his company, maybe a one-sided.factor that makes many people no longer trust him

You should consider that he isn't dependent on any more popularity. I doubt that is what makes him do whatever he did over the last couple of months. He doesn't lack money nor does he lack popularity. Maybe he is just extremely interested in cryptocurrencies as he is also the founder of a finance-related company aka PayPal. It isn't as if he had no clue at all about what he is talking. He does have a weird way to interact with the community, but I believe it is just the way he is.
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Re: Crypto market adds over $140 billion in one day
by
hazenyc
on 12/08/2021, 22:38:48 UTC
Many could have feared that they might miss out on the opportunity for some quick buck, that is why they just went straight up and jumped to Bitcoin. 40k+ is still quite pricey even if it was from 60k, since back then everyone had eyed on 20k+, but then when we look at it, it just went insane. Cheesy
Fear makes these people do something stupid so they end up getting late into the hype. The only problem I think is that people that needs the money the most are late in the hype and sometimes they end being the loser because when they get in, the prices are already plummeting.
What happens with those people is that they are always looking for the price to keep going down and they never buy coins for a cheap price because they are always expecting for the price to go even lower, and this is a problem, at some point you need to take a risk and what can be better than buying bitcoin for a 50% discount? And what is even worse is that even if that decrease in the price comes they are still not going to buy because at that point they are going to be too scared to do so.

Yes the 50% like was the point where I thought ok now Bitcoin should be oversold and resistance will come up. That was the case. A couple of rumors also helped Bitcoin to get back on track but it was oversold anyway at more than 50% loss fro its ATH. The best strategy is to not put all your available cash into one single position when a crash happens, but to put a fraction of it repeatedly into crypto even when it is downward slipping.
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Re: Why crypto (bitcoin) is better than traditional money?
by
hazenyc
on 12/08/2021, 22:36:56 UTC
everything requires a process, of course we can't replace it completely or totally, maybe to be able to do that we at least have to go through 2 generations so that all can access crypto in the internet world. at least being an alternative means of payment is already a good achievement now
I don't know what you mean by not replace it totally. In my understanding replace means to remove something as a whole not partially.  Grin
People already use Bitcoin as an alternative payment tool, but still allowed in some countries. Yes, it needs the process to spread Bitcoin as the payment alternative around the world. Maybe it will take more than 5 years again to see Bitcoin be used as a payment tool alternative in most countries in the world.


Those using it for payments frequently is a very small minority. Hardly anyone would use Bitcoin as there is nothing that you can pay with Bitcoin for to still justify the extraordinarily high transaction costs. Only if you buy  a house or a car it would make sense to use Bitcoin maybe. Apart from that it is a pain in the ass still to do shopping with Bitcoin specifically, other cryptocurrencies might work out better but there are hardly any cryptos that are widely accepted as a means of payment.
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Re: Covid-19 On Bitcoins
by
hazenyc
on 12/08/2021, 22:34:52 UTC

Talking about a pattern for Bitcoin isn't making a lot of sense. I know you could show a graph now and tell me that in certain time intervals Bitcoin moves the same way again and again, but applying a pattern or trying to find a pattern for an unregulated area which has enormous potential impact on the global economy is just not reasonable.
Nobody knows what the regulatory environment will look like in 12 months from now, whether the banking lobby can achieve something that is bad for cryptocurrencies overall. We just don't know until our ideas and hopes become fact.
you have to be able to distinguish between the global economy and what is happening in crypto, these are two different things and I think it would not make sense to relate the crypto market, specifically to bitcoin, to the declining global economy.
I talked about in the previous thread discussing the impact on crypto after the pandemic and if it relates directly to the global economy I don't think it will be in sync because the global economy is not directly connected to crypto, especially bitcoin.

With all due respect, are you serious? Bitcoin is absolutely tied to the global economy, like a 100% tied to the global economy. The global economy and its current state is the reason why Bitcoin came into existence, but as we have seen during the pandemic Bitcoin moves exactly the same way the rest of the global market also moves. When everything crashes, Bitcoin crashes as well. Check the charts mate. Some here are talking about a hedge, but what do you need a hedge for if you can't pay your rent or your food? What does Bitcoin even help you when a virus is going around the whole globe?
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Re: About the popularity of Bitcoin
by
hazenyc
on 12/08/2021, 22:31:36 UTC
Maybe that is one reason why modern and traditional payment can't replace each other. Because people itself is different, not only depends on age but not all people maybe can access mobile phone or anything like that so they still can do payment with fiat. I think it is no matter it is digital or traditional payment, but currency still currency. People use it as payment and they can buy something with it no matter who are them.

Correct, if a technology like Bitcoin becomes the new standard and people would have reason to participate in it but can't, that's also kind of exclusive, which Bitcoin is not supposed to be. I don't know though how critical the situation is when it comes to mobile phone distribution. I guess most people have access to mobile phones? I have no idea about those statistics but that might be one of the smaller problems to solve.
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Re: About the popularity of Bitcoin
by
hazenyc
on 10/08/2021, 21:12:50 UTC
For the case of blind, elderly and children, they can still be able to cope up on using digital payment methods by having reloadable card like we can use on train stations for easily accessible way of doing payment by simply tapping it into the system. If that would be the case on how they can use their Bitcoin by loading it into a card like fiat getting into digital wallet going to a card for loading, that would make an ease for the hardship they are encountering on using digital payments such as Bitcoin payment if ever available. But for those who can freely access and know how to properly use their Bitcoins, that won't be a problem anymore I guess. It is just in need to put up a solution to the problem to be able to deal on the fast pace of modernization.

What about systems like Siri where you can give commands via speech? Wouldn't that be the simplest way to interact with your device in order to get transactions initiated and processed? For verification you could use fingerprint in addition to a spoken password, just in case someone listens to you. The password could be a certain sentence as well so it is not that obvious. I think there are ways for sure to solve such problems.
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Re: Future money!
by
hazenyc
on 10/08/2021, 21:10:03 UTC
if we say, bitcoin is the currency of the future, we can say yes, because we can see bitcoin continues to grow, and many of us have adopted bitcoin, even large companies have accepted bitcoin, and there are governments that have legalized bitcoin, but we need to realize bitcoin cannot replace central money, fiat currency..
No matter how effective bitcoin is for dealing with financial problems, it will not completely replace fiat. firstly bitcoin cannot be fully controlled by the government, secondly the uneven development in all corners of the world makes many limitations related to the operation of cryptocurrencies which are highly dependent on technology. the government might make adjustments to digital money, which is more user-friendly and easier to monitor.

In a world where Bitcoin replaces fiat, I think a lot of other things would have changed too. We will have governments and no anarchy as we will have violence and the state has the obligation to protects its citizens from that violence. If there was no state, there would always be groups who seek to claim control over other groups. For as long as there are governments, I think that there are also fiat currencies. It is the only way for them as of now to force people to pay their taxes. Without taxes, states would probably collapse one after another.
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Re: Covid-19 On Bitcoins
by
hazenyc
on 10/08/2021, 21:07:39 UTC
if the pandemic is not resolved there are 2 things for bitcoin that might happen
1. bitcoin can be destroyed because the global economy is collapsing, and the demand for all crypto sectors decreases so that the price of bitcoin decreases.
2. bitcoin will be easy to pump, because many people are in bitcoin and they transfer assets to bitcoin.

these two points can be an early prediction of how the pandemic will affect bitcoin. but in my opinion the most important thing is how the correct pattern of bitcoin movement in the future is most important.
I don't think it's like that because if we look at the positive side of this pandemic, consciously or not, it will add interest from crypto itself so that crypto, especially bitcoin, actually benefits from this pandemic.
because we are just talking about facts when before the pandemic struck, if I'm not mistaken the price of bitcoin was only at $ 10k and after the pandemic hit the price of bitcoin shot up and not even bitcoin but altcoins also rose.
other than that, from what point of view do you think with this pandemic bitcoin will be very easy to pump?
when talking about bitcoin we certainly look at the decentralization and volatility that exists and to make a bitcoin pump it doesn't necessarily say pump is ready because this is very difficult.
apart from the fud and the negative news what makes you think to say that bitcoin is easy to pump?

Talking about a pattern for Bitcoin isn't making a lot of sense. I know you could show a graph now and tell me that in certain time intervals Bitcoin moves the same way again and again, but applying a pattern or trying to find a pattern for an unregulated area which has enormous potential impact on the global economy is just not reasonable.
Nobody knows what the regulatory environment will look like in 12 months from now, whether the banking lobby can achieve something that is bad for cryptocurrencies overall. We just don't know until our ideas and hopes become fact.
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Re: Why crypto (bitcoin) is better than traditional money?
by
hazenyc
on 10/08/2021, 20:57:30 UTC
it's just different.
crypto or bitcoin is functional, in addition to payment it can also be used as a trade with a large profit.
while traditional money can even be traded but the profit is not as big as crypto. so I think it's clear crypto is better than traditional money

This is one of the properties of Bitcoin which has high volatility, where when Bitcoin is compared to FIAT, the price of Bitcoin will always be unstable,
From the nature of bitcoin, humans make the functions of these two elements different. FIAT is still used to transact globally, while Bitcoin is now more inclined to investment and speculation.
This completely does not guarantee the state of Bitcoin will be as you imagine, because the main purpose of Bitcoin was created to be the latest alternative payment that is more secure in p2p.

I think it is used to invest and speculate, yes, but it could also be a good tool to get large amounts of wealth from one country into another. As I am not a multimillionaire or billionaire, I don't know what it costs to transfer sums of money of that magnitude, but Bitcoin has proven over and over again that especially for larger amounts the fees are absolutely negligible for international transfers.
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Re: Crypto market adds over $140 billion in one day
by
hazenyc
on 10/08/2021, 20:55:05 UTC
The price of Bitcoin has exceeded $ 43,000, while the price of Ethereum has risen 24 percent in a week, bringing the total market value of cryptocurrencies to $ 1.8 trillion, which has risen to $ 140 billion in just 24 hours.
Finbold reported yesterday that Bitcoin trades above its simple 100-day moving average. Further gains could pave the way for short-term gains in the $ 42,500 resistance area that Bitcoin has crossed as cows seek to raise the price of Bitcoin to a significant $ 50,000.
More specifically, the world's leading digital asset in terms of market value has increased by more than 7.06% in the last 24 hours and 4.41% in the last week. Its current price is $ 43,670. In addition, according to CoinMarketCap.com, the overall bitcoin market dominance is 45.93%, up 0.02% from the previous day.


Source: https://finbold.com/crypto-market-adds-over-140-billion-in-a-day/

I think this is just the result of the mass adoption of bitcoin by several big establishments and companies which was broadcasted recently. The value of bitcoin is expected to go up because there are big corporations that have laid their eyes on btc recently. Big investments by big personalities and adding the fact that adoption of bitcoin in different platforms is slowly coming to life is what entices more investors along the way.

Of course, volatility still plays a great role in this kind of pump and dump. This is a very great illustration of what volatility can do to the position of any cryptocurrency there is in the market. It can go up in a short span of time and then dump later on, after several hours of high position. Whatever the price it will have, just never get lost and know your limit in risking.

There was also talks about laws from the European Union that large funds are allowed to invest a certain portion of their assets into cryptocurrencies. I don't know when the new law took effect, but I think it was quite immediately after it was passed. Might be a couple of weeks ago. Who knows whether that also contributed to the recent price increase, could be a possibility.
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Re: Crypto market adds over $140 billion in one day
by
hazenyc
on 08/08/2021, 23:06:25 UTC
Honestly I'm really glad to see bitcoin and other cryptocurrencies pumping again after over 2months of redness, it's really nice to see greens in the market again, I believe this is due to the good news we have been hearing about bitcoin lately, even though there are still some fud around about sec clamping down DeFi platforms, but it's still isn't stopping bitcoin from pumping, if the fud ain't strong enough then I expect to see bitcoin surpass the recent ATH in this V2 bull run.

Very true but at the same time this pump feels healthier than if we just had kept going 2 months ago. It felt like it was too much already and honestly I think most here were almost eager waiting for a crash. Nobody really wants it but many have that feeling that it is due or even overdue. That was certainly the case when we crossed 60,000 back then. Now build a new stable level and grow again from there.
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Re: Why crypto (bitcoin) is better than traditional money?
by
hazenyc
on 08/08/2021, 23:01:09 UTC
Cryptocurrency is better than traditional for some reasons. Same as that we can find traditional money to be better than cryptocurrency for some reasons.

Few of the reasons why I find cryptocurrency better is the decentralisation, transparency, increased efficiency and no inflation due to the limited supply.

Reasons on which traditional money stands better, ease of usage due to the physical paper money. Zero transaction fee on purchase/buying of products and services.

We haven't yet arrived at increased efficiency unless you are a huge Bitcoin holder and are transferring larger sums around the world. Yes, then there is no doubt you made the right choice with Bitcoin, but you could also use a cheaper cryptocurrency with sufficient liquidity to do that. For those who have only a little bit of Bitcoin, we can't really claim that Bitcoin is more efficient than traditional money, depending on what you are referring to with efficiency. If it is speed, then yes depending on the purpose Bitcoin is supposed to fulfill. Buying a cup of coffee sucks, sending money from Asia to Europe or vice versa it is great. We don't need to talk about the costs to do that though.
 
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Re: Will everyone still believe in Elon Musk?
by
hazenyc
on 08/08/2021, 22:57:49 UTC
Despite of DOGE and BABY DOGE thing. We can still trust Elon Musk from his Tesla products. His cars are good. If you dont want his shills, dont buy them. Personally I always buy coin on his first tweet and sell it after 100% to 200% profit. Further investment would only result

His cars still have to prove a lot I think. Volkswagen is catching up at tremendous speed now. The market is big enough for several car producers of course, but Musk still needs to stand the test of time in the next five years or so. When autonomous driving becomes a public reality, we will see whether the systems work seamless and reliable. I do believe he is going to pull it off successfully, but that is a complex business he is in and so far there is still a lot that he promises and what also remains to be demonstrated. Apart from that, yes, I like the cars too.