Bitcoin price suddenly surges to 3-year high

[ZenZimZaliben]

I honestly thought Flat Earther was far worse. LOL

 

[lexluthermiester]

I honestly thought Flat Earther was far worse. LOL

It was laughable, so much so that it wasn't worth acknowledging.

 

[DeathtoGnomes]

That's it? "Troll" is the best response you two can come up with?

for the uninformed, yes it is, but is it true, the world will never know.

EDIT: My bad, that's a UUID. Look, I can acronym too.

A Coded Rendition Of Names Yielding Meaning, here is another acronym

 

[trog100]

coiners and no coiners.. he he..

both could be considered trolls by those in the opposing camp..

trog

 

[Papahyooie]

And can you maintain anonymity doing so? My guess is no.

Your guess is wrong.

 

[RandallFlagg]

I said nothing about Tor (if I had to use one of those I'd probably use I2P but nah, I don't need it) or any networked technology. The quote you quoted actually referenced in person paper wallet transactions (there is a reason I said "street transaction" and not "wire transaction".)
Maybe read before you criticize next time. I know what I'm talking about, I'm not a kid.

Of course the best way to stay out of trouble is to not be doing trouble in the first place. Don't act like I'm not claiming that. I'm a goody two shoes, I even file my crypto taxes, but I hate misinformation.

Keep in mind, I'm actually a security researcher and do that for a living. I find it amusing you quoted me in this context.


Isn't that just an ipv6 mac which is more or less formed using all sorts of ways (including but not limited too RNG?), and integrating the mac? Most DHCP servers are pretty liberal about those.

Granted, that one I'm not fully up to date on without hitting the books, but why is this such a revelation?

EDIT: My bad, that's a UUID. Look, I can acronym too.


Android spoofs the MAC by default now with a random one. I really doubt anyone doesn't let all android devices connect. Please.

Thinking that Google Android is good for privacy, -1000 for common sense.

Google is in the business of selling the users information. Most recent news article on Android privacy - even when location reporting is turned off, apps can find your location. That is just scratching the service.

I will just say, there is nothing you can do to an Android or iOS tablet or phone from the user settings that will make you anonymous at a level people seem to think they are at. Nothing. Your phone is always narc'ing on you.

I mean seriously, the FBI got 85% of the BTC back from the Colonial Pipeline attack in under 1 month. Four weeks. That isn't long. I would bet the technical aspect of this took them no more than 1 week, the first week was probably just getting head out of rear. Then assemble a team. Then get logs and warrants. Then they probably started confiscating by week 3. A guess, but I bet it's pretty close.

If that is Bitcoin's security / anonymity, it just isn't.

And every single one of the bitcoins that Colonial paid is now stolen property.

And they know exactly what coins they are, they are just waiting for them to pop up in the Blockchain - remember, Blockchain is the database that keeps track of every single transaction ever made on every single bitcoin ever created.

 

[Outback Bronze]

the FBI got 85% of the BTC back

They got access to the private keys somehow.

There is a crypto wallet that has been trying to get hacked for years by hackers with no success.

Hackers Have Been Trying To Crack Bitcoin Wallet Worth $750 Million But Here's The Catch (cryptopotato.com)

Get this - there is a Bitcoin wallet with 69,000 Bitcoins ($693,207,618) that is being passed around between hackers/crackers for the past 2 years for the purpose of cracking the password, no success so far.

 

[Papahyooie]

Thinking that Google Android is good for privacy, -1000 for common sense.

Google is in the business of selling the users information. Most recent news article on Android privacy - even when location reporting is turned off, apps can find your location. That is just scratching the service.

I will just say, there is nothing you can do to an Android or iOS tablet or phone from the user settings that will make you anonymous at a level people seem to think they are at. Nothing. Your phone is always narc'ing on you.

I mean seriously, the FBI got 85% of the BTC back from the Colonial Pipeline attack in under 1 month. Four weeks. That isn't long. I would bet the technical aspect of this took them no more than 1 week, the first week was probably just getting head out of rear. Then assemble a team. Then get logs and warrants. Then they probably started confiscating by week 3. A guess, but I bet it's pretty close.

If that is Bitcoin's security / anonymity, it just isn't.

And every single one of the bitcoins that Colonial paid is now stolen property.

And they know exactly what coins they are, they are just waiting for them to pop up in the Blockchain - remember, Blockchain is the database that keeps track of every single transaction ever made on every single bitcoin ever created.

I think we've lost the point that started this entire conversation. This discussion of privacy and anonymity started precisely BECAUSE it seems like it was so easy for them to regain the BTC. And that's fishy, because it makes no sense for the perps to have literally attached their drivers' licenses to the wallets where they sent the ransom.

"If that is Bitcoin's security/anonymity, it just isn't"

Yea, we agree with you. But that's the point. That *isn't* Bitcoin's security/anonymity.

 

[HD64G]

For the last 12 years, cryptocurrency was a trivial, and experiment, a trend. Salvador became the first country that will pass a law recognizing the value of BTC relatively to the US$. Things will go very fast from now on me thinks.

 

[R-T-B]

He wasn't directing those comments at you..

Maybe not, but the quote system made it confusing.

Thinking that Google Android is good for privacy, -1000 for common sense.

Did I ever say that? No. I just pointed out that even something "so bad at privacy" spoofs macs, and does so habitually. Spoofed macs will thus absolutely not be blocked at nearly any common public wifi place.

Please quit filling in blanks with things I'd never say or claim.

 

[Chomiq]

For the last 12 years, cryptocurrency was a trivial, and experiment, a trend. Salvador became the first country that will pass a law recognizing the value of BTC relatively to the US$. Things will go very fast from now on me thinks.

El Salvador is a banana republic run by corrupt President and is effectively an autocracy. It's not the best example.

 

[R-T-B]

El Salvador is a banana republic run by corrupt President and is effectively an autocracy. It's not the best example.

It may be Tropico IRL edition but it's still a country. Somewhat newsworthy but lets not blow it out of proportion.

 

[HD64G]

El Salvador is a banana republic run by corrupt President and is effectively an autocracy. It's not the best example.

Not cancelling your argument but if another 3-4 small countries decide to do the same, it will be of no importance who started it.

 

[trog100]

Not cancelling your argument but if another 3-4 small countries decide to do the same, it will be of no importance who started it.

lets hope the Salvador guy dosnt go the same way as the colonel and his african gold dinar.. he he

trog

 

[ZenZimZaliben]

I mean seriously, the FBI got 85% of the BTC back from the Colonial Pipeline attack in under 1 month. Four weeks. That isn't long. I would bet the technical aspect of this took them no more than 1 week, the first week was probably just getting head out of rear. Then assemble a team. Then get logs and warrants. Then they probably started confiscating by week 3. A guess, but I bet it's pretty close.

You really believe the FBI is telling the truth? Because they have always been champions of the truth?

 

[trog100]

i am afraid both randal and lex have to both firmly go into my no coiner trolling camp.. he he

both find whatever negatives they can and push them as far as they can..

after a while it gets boring.. or the toing and froing with them does..

trog

 

[lexluthermiester]

Your guess is wrong.

Oh, ok...

 

[freeagent]

Just throwing this out there.. but trog, you have been trolling the “no coiners” with your smugness for months..

 

[Papahyooie]

Oh, ok...

I mean, you didn't provide any reason why you guessed no, so am I supposed to provide a reason why you're wrong?

But since I actually have an understanding of how this stuff works, I'll throw the truce flag in the interest of education.

I have a bag of turnips I want to sell. Bob wants turnips. Neither of us want to use cash, for reasons that don't matter. Bottom line is, we don't.

So Bob says, "I'll give you some BTC for the turnips. 1 BTC for your sack of turnips."

I say "Sure. Deal"

Bob hands me a piece of paper with a wallet address written on it, assuring me it contains 1 BTC.

I now own 1 BTC.

I want to buy some Apples. Sally has a sack of apples. She wants 1 BTC for her apples. I give her the piece of paper with a wallet address on it. She now owns that BTC.


Obviously, I'm glossing over a few things here, but the gist remains the same. I have made a BTC transaction (two, in fact. A round trip into and then out of the crypto ecosystem.) without ever having connected to the internet or divulged my identity. Now obviously Bob and Sally can rat me out if they know who I am, but that's not the point. That is not the failing of the system itself, and one can imagine plenty of scenarios in which Bob and Sally never have any idea who I am.

This is a scenario that is meant to convey the point that any security/privacy issues are NOT an issue with crypto. They are an issue with adjacent systems. (such as exchanges used to transfer crypto to cash, which as I've just shown isn't necessary.) So the security and privacy concerns that you and others have are not issues with crypto, they are issues with your assumption that crypto MUST fit within your tiny framework of perceived potential use cases. And there is no reason crypto must do that.

 

[dorsetknob]

I have a bag of turnips I want to sell. Bob wants turnips. Neither of us want to use cash, for reasons that don't matter. Bottom line is, we don't.

So Bob says, "I'll give you some BTC for the turnips. 1 BTC for your sack of turnips."

I say "Sure. Deal"

Bob hands me a piece of paper with a wallet address written on it, assuring me it contains 1 BTC.

I now own 1 BTC.

I want to buy some Apples. Sally has a sack of apples. She wants 1 BTC for her apples. I give her the piece of paper with a wallet address on it. She now owns that BTC.

Sure but Remember...................IRS/HMCR....your National Taxation Service expect everyonee to file Tax Returns
if they Seam Dubious They will investigate. and assess a value to your Trades and then charge you fiat currency for the Value of your goods for goods/services Trade.
You Cannot Escape Death and Taxes ( The Grim Reaper is also a part time Accountant)

 

[64K]

I mean, you didn't provide any reason why you guessed no, so am I supposed to provide a reason why you're wrong?

But since I actually have an understanding of how this stuff works, I'll throw the truce flag in the interest of education.

I have a bag of turnips I want to sell. Bob wants turnips. Neither of us want to use cash, for reasons that don't matter. Bottom line is, we don't.

So Bob says, "I'll give you some BTC for the turnips. 1 BTC for your sack of turnips."

I say "Sure. Deal"

Bob hands me a piece of paper with a wallet address written on it, assuring me it contains 1 BTC.

I now own 1 BTC.

I want to buy some Apples. Sally has a sack of apples. She wants 1 BTC for her apples. I give her the piece of paper with a wallet address on it. She now owns that BTC.


Obviously, I'm glossing over a few things here, but the gist remains the same. I have made a BTC transaction (two, in fact. A round trip into and then out of the crypto ecosystem.) without ever having connected to the internet or divulged my identity. Now obviously Bob and Sally can rat me out if they know who I am, but that's not the point. That is not the failing of the system itself, and one can imagine plenty of scenarios in which Bob and Sally never have any idea who I am.

This is a scenario that is meant to convey the point that any security/privacy issues are NOT an issue with crypto. They are an issue with adjacent systems. (such as exchanges used to transfer crypto to cash, which as I've just shown isn't necessary.) So the security and privacy concerns that you and others have are not issues with crypto, they are issues with your assumption that crypto MUST fit within your tiny framework of perceived potential use cases. And there is no reason crypto must do that.

But in reality you would have to use an exchange of some kind because you're not going to sell a sack of turnips for $35,000 and you're not going to buy a sack of apples for $35,000

Both transactions would be a very small fraction of 1 Bitcoin and likely they wouldn't be the same value.

 

[Papahyooie]

Sure but Remember...................IRS/HMCR....your National Taxation Service expect everyonee to file Tax Returns
if they Seam Dubious They will investigate. and assess a value to your Trades and then charge you fiat currency for the Value of your goods for goods/services Trade.
You Cannot Escape Death and Taxes ( The Grim Reaper is also a part time Accountant)

Yes, I agree. But that isn't the fault of crypto. It is yet another adjacent system that must be navigated. And I would tend to argue that crypto would *aid* you in those efforts, not hinder.

But in reality you would have to use an exchange of some kind because you're not going to sell a sack of turnips for $35,000 and you're not going to buy a sack of apples for $35,000

Both transactions would be a very small fraction of 1 Bitcoin and likely they wouldn't be the same value.

You're really gonna latch onto the value of the bitcoin as your issue? lol. These are imaginary example values, and they are irrelevant. If you're going to argue about that, you might as well argue that I should have chosen potatoes instead of apples. Both are irrelevant arguments to the point.

 

[64K]

You're really gonna latch onto the value of the bitcoin as your issue? lol. These are imaginary example values, and they are irrelevant. If you're going to argue about that, you might as well argue that I should have chosen potatoes instead of apples. Both are irrelevant arguments to the point.

But in the real world prices are relevant. What you buy and what you sell are very seldom the exact same value.

 

[Papahyooie]

But in the real world prices are relevant. What you buy and what you sell are very seldom the same value.

.... you're serious?

So... then feel free to insert the real world values of the items in question into my post.... It doesn't change anything.

 

[trog100]

Just throwing this out there.. but trog, you have been trolling the “no coiners” with your smugness for months..

he he.. i would call it self confidence and the fact i aint wrong that often.. this may piss them off a little but they generally deserve it..

trog