395
Late Actor Matthew Perry's Twitter Hacked: Fake Charity Plea Targets Fans with Cryptocurrency Scam
(www.bitdefender.com)
this post was submitted on 29 Feb 2024
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Lol, isn't "cryptocurrency scam" a little repetitive?
The fact that people are still saying things like this about crypto—even after ETF approval—is proof that it's still early. By the time the average person realizes what's been going on with Bitcoin, it'll be too late for you.
I've already tripled my initial investment from a year ago, and we're just only getting started.
FIFY
Then invest in ETH instead. It uses proof of stake instead of proof of work.
You are proof that the only people interested in crypto do it to try and become rich.
That user only represents some of crypto. There are others like myself who are not in it to get rich, but to maintain sovereignty in a surveillance state and dystopian world such as we are heading for.
Then you're in trouble.
You can easily be watched by police when you're using cryptocurrency, so an entire surveillance state should have no problem.
https://time.com/6239364/crypto-criminals-andy-greenberg/
Not all blockchains are public.
Fine. Which one can people be absolutely sure a nation state can't watch them use?
They mentioned it in your article. Monero.
So because the article says so, it's definitely the case?
Fair point, I did my own research and came to the same conclusion and have been active in the Monero community. However, don't take my word for it, do the reading yourself, and I think you will come to the same conclusion. The article mentioned zcash too which is not private as they are willing to change their code to stay complient with governmyth surveillance demands and therefore have no ethos. monero was just delisted from binance a few days ago because the community refused to comply with demands to hurt user privacy. This IMO shows backbone.
Having to do this sort of research just to discover which crypto currency you can't actually know for sure that a nation state can't watch but it seems like it might not seems like crypto currency isn't the best way to guarantee anonymity compared to, say, a suitcase full of cash.
And suitcases full of cash are great, until such time that cash is completely eliminated, which it is well on its way to being, and until you need to leave your country in a hurry, such as Cuba or Venezuela, for example, and are not allowed to carry cash across the border with you. With Crypto, you only have to remember between 12 and 25 words, and you can take your money anywhere on the planet in your brain.
No, with crypto, you have to do a bunch of research and hope that research leads you to the right one and hope that what you've read about that one is really true.
And the "do a bunch of research" part is a huge first hurdle. One I'm not quite sure why you can't see as a hurdle.
If you are not willing to learn, you should not be in the space at all. You and or somebody you trust needs to do the research. Otherwise, you're just shooting blindfolded and praying, and that's no way to live.
"Do your own research" is not a way to get people to adopt a currency.
Everybody in the world has adopted state currencies without doing any research. Now you are being given a choice, which is something humanity has never had. So yes, you have to do some research. I fully believe that the era of fiat currencies and government manipulation of currency is coming to a close. Gold is a useful currency, but not in modern times because you can't transmit it over the internet, and it's heavy to carry.
People don't even research who to vote for. Why would they research which of the countless cryptocurrencies to use?
Cool. People fully believe that Jesus is coming back too. Based on the same amount of evidence.
Useful currencies don't lose significant amounts of their value if someone digs a hole in the right place.
There is a tiny, tiny amount of gold on planet earth to begin with, and most of it is in the mantle which is inaccessible to us, leaving very little in the crust where it can be reached. Golds "inflation" rate is ~1.5% per year ove thousands of years using gold. People can buy more things with gold. Miners will mine more gold. And people will be able to buy less things with gold because there is more gold. Conversely, if you can buy less things with gold than normal, miners will mine less gold, therefore making less gold to buy things, and the gold will buy more things. Now once we end up in space and can mine asteroids, we might change the story.
They won't, and that is both fortunate and unfortunate. Most people will probably buy Bitcoin since that is what they have heard of for over a decade. And that is not necessarily a great thing because of its transparency. However, going from one crypto to another is super easy. So once they are in Bitcoin, they can go anywhere they wish. The collective market decides which ones rise and which ones fall primarily based on their usefulness, at tasks. Just as a simple example, I used to use Bitcoin, but changed because the fees got too high, and it's not privacy protecting. And Monero filled both of those roles better.
Cool. How much. Do you know? Can you give me a specific number? Can you guarantee that there is no more gold than that which can be extracted anywhere on Earth and that it will not be enough to devalue gold until it is unrealistic to use? If so, please provide evidence for all of that. If not, you cannot make that statement honestly.
Got it. Huge numbers of people will get fucked over by choosing the wrong currency and that's why they will give up using U.S. dollars. Logical.
Off the top of my head, no, I could not. However, I could find out how much gold is in the crust of the earth by figuring out how much gold is in the earth and then taking 30% of that number. To figure out how much gold is in the earth, you would obviously have to go back to how much gold is in the universe. And from that, you'd have to go back to the element that is gold, and its atomic weights and shit.
Bitcoin is a good intro into cryptocurrencies. I don't think there will be one cryptocurrency that everybody on earth uses. I also don't think there will be 300 or however many nations have their own fiat currency. But I do think there will be a few. What I find most interesting and what I think most people will find most interesting either by learning about it themselves or somebody telling them about it is the inflation rate that basically does not exist and Even if it does is controlled very strictly by code instead of that the whims of people. I, for example, am an American, and I remember a decade or so back, hearing commercials all the time for a subway $5 foot long. Why on earth is it not still $5? If it was $5 then it should be $5 now, but it's not because the government has printed more dollars. If that subway foot long were priced in gold, instead, the price would have stayed steady, or only went up slightly. So apparently the blood and sweat and tears I sacrificed yesterday is not worth as much today. You are literally saying people are worth less.
You keep saying things you are not backing up with evidence.
Anyone can make the claims you are making. You have already been shown to have made false claims about taxes.
It seems I have to "do my own research" to find out if anything you say is true... or just stop trusting anything you say, which would be a hell of a lot easier. And if you expect everyone to research whether or not you're saying true things and then give up their dollars for crypto currency within, say, the next 20 years I think you're going to be very much mistaken because I have never been less convinced to adopt crypto currency than right now.
Fair enough, but at the end of the day, that's why you are you and I am me. We are all different people with different sets of opinions about how the world has worked, is working, and will work. We express that through our actions in life. I have been Am and will continue to be a crypto user because I find it has value in the world and other people agree with me. I can't say what you were, are, or have been, but you have a view of the world, and think cryptocurrency is worth nothing, and you express that opinion by not using cryptocurrency.
Sorry but if it is available for anyone to use its public, you can't use a blockchain currency without downloading and referencing the block chain. Something that can NOT be changed by you or I
Replace blockchain with ledger, because that is what it is. It is no more secure than using a fucking bank card.
Seriously how fucking stupid are all of you people?
Do me a favor and look up Monero Ring CT and stealth addresses. It's not totally private, but if you are one of sixteen, there is a very low chance of being identified, and the more transactions away you are, the lower the chance of being identified properly. Also, full membership proofs are in the works, which would make the possible transaction part of every other transaction on the chain up until that point. And there won't be a way to easily trace.
Edit: i did the work for you.
RingCT: https://www.getmonero.org/resources/moneropedia/ringCT.html
Stealth address: https://www.getmonero.org/resources/moneropedia/stealthaddress.html
Ring signatures: https://www.getmonero.org/resources/moneropedia/ringsignatures.html
You assume that crypto is some "honest" and "for the people" currency system because its all documented in the blockchain, when in reality it is gamed by big banks, investors and scammers just like other financial tool where a lot of money is involved and no or insufficiant regulations are in place. If Elon tweets "you can no longer buy tesla withy bitcoin", your savings will loose a lot of value over night.
Next you're probably going to claim people who go to work just do it for the money.
Well obviously. Why bother elsewise?
You see no problem with a proof of stake '''currency'''?
None whatsoever. I'm staking ETH right now. It's free money.
Lol ok.
So let's create a shit ton of ewaste destroying SSD's?
Unregistered security token.