Topic: 5G & Bitcoin Risks? (Read 613 times)

I don't know much about 5G because I don't know much about physics. But it should be noted that the increase in speed will affect the increase in the power of processors, which will allow you to extract more and more cryptomonets.

I believe 5G is just an upgraded internet technology which will make things more faster and better than we currently do have and not a tool in the hand of government to control or ban bitcoin. There has been too many conspiracy theorem around the 5G connection which am still studying its harmful effect.

Lol I am seeing people who are saying that they would make use of WiFi instead of the 5G network. Seriously, where's the difference there if the WiFi is still connected to a 5G network? WiFi doesn't magically give you access to the net, it's connected to a network and you can then connect lots of devices to it. So, what's really the difference? You will still be making use of that same network. My own opinion would be that if there should be a situation as such, the best thing we can do is to switch our Network down from 5G to either 4G or 3G. Right now I still make use of the 3G network, and hardly switch to 4G except in a situation where the 3G is acting slowly.

How can these things be connected? I don't understand it at all.

I doubt the 5G technology is being used by the government to block bitcoin transactions. To my knowledge 5G technology only
speeds up internet connection, as is the case when upgrading 3G to 4G. So no need to worry bitcoin will be threatened with
5G technology. If the government intends to block bitcoin transactions, there is no need to use 5G technology. Simply make
a banned policy against bitcoin. In fact only a few countries have banned bitcoin.

I think it's funny and stupid. There is no risk to health (only for mental health)

Some people have said that if it’s possible, that we can avoid such a problem by making use of Wi-Fi when we want to make use of our Bitcoin wallets, whether we are outside or at homes, we should connect to Wi-Fi. But I’m not really sure about this, and I’m also not going to believe that 5G networks will be used by the government to trace and destroy cryptocurrency addresses and wallets.

If that should be the case, anyone who wants to make use of Bitcoin in transaction should always try to generate and make use of new addresses at all times. I believe by generating new address, you can avoid being traced and all sort of things like that.

Actually, it is very possible that your service provider can hinder you from making such transactions. I can verify this based on a feature my service provider gives. This feature allows you to view specific website only. If they could do that, they can keep you away from connecting to your wallet or maybe a bitcoin related site. 

Im pretty sure censorship resistance can not be removed from the blockchain technology considering its limitless blocks encoded with irreversible secure hashing algorithm.

What they could with the 5G frequency ? Reverse the impossible seed that was generated with gibberish hash with no relation to input data ? (ex. transaction, where it is coming and whereto going?)

May be that would be impossible to do it over a network. It will block the banking too since they do use SHA protocols as well.

AFAIK, Musk's satellites will not beam 5G frequencies. It's something similar to the 5G technology, but not the same thing. The 5G towers will be available in cities of developed countries. Musk's satellites are brought up in the sky to get internet connections even in areas that have never seen internet connection coverage before.

If Bitcoin would ever be banned, it is common sense that you won't be able to pay at any point of interest. It'd only then become the "criminal's favorite coin", but if authorities ban it, don't they ever call me a criminal because they banned it. A BTC ban seems more and more realistic to me though - the authoritarian way of leading a country is on the rise while privacy is shrinking to the point where it'll be just an idea. Just a theory and a definition.

I don't know where you saw that synchronization cause I'm missing it totally here in Europe. I doubt there are two countries with the same measures, and there are countries with almost no measure at all like Sweden. There was no such thing and there is no such thing as a world government if it were we wouldn't have had this mess in the first place.


Yeah, cause governments are known to act fast, as they did in this situation...very fast and decisive and with no sarcasm at all.


Well, this is the main problem with the way people are thinking.
Let's stop this technology because if the government decides to use it for evil and nefarious purposes...oh, how about we stop electing people that would lead us to such a situation for the first time. The cruelest repressions by the governments or dictatorships all over the world happened with the traditional firearm, not with sextortion tapes, yet I don't see anyone arguing the military shouldn't have guns 

BUT THIS conspiracy theory about 5G is what, I believe, could be true. Plus there might be more conspiracy theories invented based on this conspiracy theory, currently because everyone hates China for releasing COVID-19.

https://www.sciencefocus.com/news/5g-and-the-huawei-controversy-is-it-about-more-than-just-security/

What on earth are you talking about? You sound like a crazy paranoid person. If you are living in a country that would go that far to restrict you using a digital currency like bitcoin then why live there? You may as way have a dictatorship or probably already do. In a country like that what our rights do they take from you?


Bitcoin is not like a virus is doesn't threaten your life and it is easy to catch someone outside when they shouldnt be but its almost impossivle to prove if someone has bitcoins. Next thing you going to be telling me that the goverment wants to see your HIV status and blood type as well? You saying you wouldn't use bitcoin? People break laws all the time for years. Stupid laws that should never have been laws to begin with are broken all the time. Why should we not be able to ad as we please as long as we harm noone? Who gets to decide that? Why should we listen to it to begin with? Because of a few people in congress?

I don't think the two technologies are opposing one another

If anything, 5G should actually make Bitcoin more accessible than ever before, especially when Elon Musk's StarLink Satellites start beaming internet to even remote regions.

I personally believe that we need an internet system that cannot go down no matter what. At that point, Bitcoin will be practically invulnerable and will be able to continue its already meteoric growth.

The Governments managed to synchronised together and get 3 billion people in Lockdown though. It seems the whole world lockdown is done by 1 centralised world government with countries following orders.

So imagine what they can do Bitcoin if they decide to ban it. And if such event happens then what can the bitcoiners do?

If government can do this on a huge scale in little time then

If there's a simple backdoor in common cryptographic operations then they may be able to decrypt your data.
If you've connected to a website and haven't got a secure connection failed error, it's unlikely they've been able to decrypt your packets. I don't know if additional encryption would be added at these nodes but I'd say it'd be a foolish inefficiency...

I hear 5G towers are less power consumption in compared to 4G however the new 5G frequencies are super high and fast but shortwave by nature meaning the signal is powerful but cant travel far.

Dont know what kind of cpu's in the 5G towers. Can these cpu's or frequencies decrypt encrypted data real time or impossible?

---

If Elon Musk sending all those 5G satellites into space to beam to earth 5g frequencies then what use are the 5G towers down on earth then?

Yes its possible to overcome the ban with wi-fi then that means you cant spend bitcoin outdoors at the shops then right?

---

But 5G will ramp up data collection and privacy issues tracking as I assume 5G can process more than 4G and this Internet of Things IOT relies on the 5G infrastructure right?

The next stage for bitcoin is the lightning infrastructure right?

So how will BTC & Lightining go well with 5G and IOT?

[moderator's note: consecutive posts merged]

Privacy/freedom and anti-privacy/anti-freedom is a game of cat and mouse, governments and companies make software to take those things from people, people make software to prevent it. 5G doesn't have anything that inherently helps it censor Bitcoin. If governments will be trying to do this, Bitcoiners will start using technologies like TOR more to mask their Bitcoin activity.

But so far there's not that much attempts to stop Bitcoin. Yes, some governments banned it, but majority of the world still ignores it or allows it. If they wanted to stop Bitcoin, the first thing to do is to ban exchanges, which would have terrible effect on the whole ecosystem.

People use 5g and no it isn't harmful to anything. Environmental analysis have issues with everything physical and organic scientists are fine with.

I'm told:
The intensity of 5G won't exceed the current cosmic microwave background radiation (cmbr)
The coronavirus can't be caused by an electromagnetic wave... There's just no way.

The first problem with the theory of covid19 being caused by the wave is thst the virus will be completely unaffected by it, much like the virus being invisible because its half the size of a blue light wave is similar to thst with coronaviruses - they can't even absorb the energy.

Current microwave radiation can be used to heat things up but cell damage at current levels is almost impossible and we've been experiencing the same radiation for millions of years as primates...

If you check sources, check things with viable facts... Look at what physical and organic scientists are saying, don't spend your time looking at conspiracy theories Bob the flat earther invented in his garage while shooting heroin (random names and procedures not based on anyone in particular)...

A theory is a theory until it's proven and then it becomes a theorem and eventually a law once it isn't disproven and accepted as a standard for long enough.

We know for sure though that 5g radiation will have much less of an affect than other things such as sunlight and any light... And we can't exactly get rid of all forms of electricity...

Are you saying we have already people using the 5G network? I read sometime ago that it was harmful and several Environmental analysts were campaigning against its installation and it seems it is already in motion. Wow, I have even read documents linking a theory of this pandemic to the secrete installation of 5G network. I guess I need to do a bit of more research about this.