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Topic: 5G & Bitcoin Risks? - page 2. (Read 613 times)

hero member
Activity: 2688
Merit: 588
April 18, 2020, 01:36:08 AM
#17
Nah, 5G wouldn't have anything to do with Bitcoin. It is just a network upgrade and will make our browsing speed rate faster. But in the case of Bitcoin, there is no way that they are going to make use of 5G to block the access we have to Bitcoin. If that's how it's going to work, then I believe they would have done that since or doesn't 4G LTE have the same abilities? Except that is slower than 5G?

If it was possible, some people would find a way to bypass the block. You said in a coffee shop right? Most coffee shops do have free WiFi, so the people will make use of WiFi to access it or maybe developers will start creating applications that will make the network not realize which app you're using.
legendary
Activity: 1666
Merit: 1196
STOP SNITCHIN'
April 17, 2020, 05:47:30 PM
#16


BUT, it's not actually because people are "blaming" for the bad things. Conspiracy theories exists because we have regularly seen the government lie/hide the truth.

The theory about 5G spreading COVID-19 is quite dumb. 5G obviously doesn't affect Bitcoin, either.

There are some really legitimate concerns about the adverse health effects, though. The history of 2G and 3G shows they are harmful to humans. We don't know to what extent 4G and 5G are harmful because of the incredible lack of research, but I wish people were more conscious of the potential effects:

Quote
Millimeter waves are mostly absorbed within a few millimeters of human skin and in the surface layers of the cornea. Short-term exposure can have adverse physiological effects in the peripheral nervous system, the immune system and the cardiovascular system. The research suggests that long-term exposure may pose health risks to the skin (e.g., melanoma), the eyes (e.g., ocular melanoma) and the testes (e.g., sterility).

Since 5G is a new technology, there is no research on health effects, so we are “flying blind” to quote a U.S. senator. However, we have considerable evidence about the harmful effects of 2G and 3G. Little is known the effects of exposure to 4G, a 10-year-old technology, because governments have been remiss in funding this research. Meanwhile, we are seeing increases in certain types of head and neck tumors in tumor registries, which may be at least partially attributable to the proliferation of cell phone radiation. These increases are consistent with results from case-control studies of tumor risk in heavy cell phone users.
legendary
Activity: 1134
Merit: 1598
April 17, 2020, 06:45:08 AM
#15
Because it would be the most efficient, and effective way to attack, and stop Bitcoin, and remove censorship-resistance, its main value-proposition.
Well.. why bother with such technology when you can easily stop BTC by declaring any trade or transaction using it or any other cryptocurrency illegal? Much easier: just one law and you're done with it. Can't they also attack BTC using any of the existent internet technology (3G, 4G, even wired) we already have?

If anything, Microsoft's patent for a WO/2020/060606 - CRYPTOCURRENCY SYSTEM USING BODY ACTIVITY DATA is what truly scares me and I think it's more of a threat to BTC than 5G is.



I read about that too.

~

BUT, it's not actually because people are "blaming" for the bad things. Conspiracy theories exists because we have regularly seen the government lie/hide the truth.
Thought this is pretty interesting: CIA DOC 1035 960


Page 3, from "2.":
Quote
The aim of this dispatch is to provide material countering and discrediting the claims of the conspiracy theorists, so as to inhibit the circulation of such claims in other countries. Background information is supplied in a classified section and in a number of unclassified attachments.


Page 4, from "3. Action, b.":
Quote
To employ propaganda assets to and refute the attacks of the critics. Book reviews and feature articles are particularly appropriate for this purpose. The unclassified attachments to this guidance should provide useful background material for passing to assets. Our ploy should point out, as applicable, that the critics are (I) wedded to theories adopted before the evidence was in, (II) politically interested, (III) financially interested, (IV) hasty and inaccurate in their research, or (V) infatuated with their own theories.


There's more than just that - keep reading from page 3 down if you find it interesting  Smiley
legendary
Activity: 2898
Merit: 1823
April 17, 2020, 03:18:34 AM
#14
Perhaps folks should simply do a search on what 5G is and how 5G works before leaping onto the Wild Theory & Conspiracies bandwagon......
Nevermind the risks to Bitcoin... what about the fact that 5G is responsible for Covid-19!!!1!11!1!!one!!!!1eleven... Roll Eyes Roll Eyes Roll Eyes

Seriously, I couldn't believe when I saw the news that people were setting fire to cellphone towers because of some stupid conspiracy theory regarding 5G and Covid-19.

Unfortunately, there is always going to be people that fall for this stuff because they need to blame something for all the bad stuff in their life... So, conspiracy theories have and will always exist Undecided


I read about that too.



BUT, it's not actually because people are "blaming" for the bad things. Conspiracy theories exists because we have regularly seen the government lie/hide the truth.
HCP
legendary
Activity: 2086
Merit: 4361
April 16, 2020, 06:03:17 PM
#13
Perhaps folks should simply do a search on what 5G is and how 5G works before leaping onto the Wild Theory & Conspiracies bandwagon......
Nevermind the risks to Bitcoin... what about the fact that 5G is responsible for Covid-19!!!1!11!1!!one!!!!1eleven... Roll Eyes Roll Eyes Roll Eyes

Seriously, I couldn't believe when I saw the news that people were setting fire to cellphone towers because of some stupid conspiracy theory regarding 5G and Covid-19.

Unfortunately, there is always going to be people that fall for this stuff because they need to blame something for all the bad stuff in their life... So, conspiracy theories have and will always exist Undecided
legendary
Activity: 2968
Merit: 3684
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April 16, 2020, 01:54:13 AM
#12
for example if I want to pay for my coffee or groceries using bitcoin on my phone connected to 5G then will 5G block the payment leaving me no choice but to use the government centralised digital coins or tokens?

Ask Hong Kong demonstrators how the government managed to look them up and identify them and protest locations. It wasn't so much on new technology but on old ones. They simply used surveillance, face recognition, and yes, bank records to trace, for example, when and where they bought subway tickets, and to which locations.

People switched to Bitcoin over encrypted chat to get couriers to buy tickets for them or to set up flash groups with location details only minutes before. You want to censor Bitcoin, you can already do it now, but people will keep finding ways around it.

It's really illogical for the state to use 5G to block bitcoin payments when they would just outright ban Bitcoin (to the same effect as above). Can't pay your coffee on 5g? Scan the QR code and send it over to someone who can pay for you, or send someone your tx to broadcast.
legendary
Activity: 2898
Merit: 1823
April 16, 2020, 12:27:28 AM
#11
Perhaps folks should simply do a search on what 5G is and how 5G works before leaping onto the Wild Theory & Conspiracies bandwagon......

Hint: 5G sites do not do any pre-processing/sniffing or filtering of data packets.


New tech always attract conspiracy theories. There were things blamed on radio too during the early 20th Century that included, bad skin, bad economy, dead birds, fights, rain, snow, and many more.

Plus, shower thought. What would the conspiracy theorists say about 6G. Cool
member
Activity: 532
Merit: 36
There is gold in volatility..
April 15, 2020, 10:26:59 AM
#10
for example if I want to pay for my coffee or groceries using bitcoin on my phone connected to 5G then will 5G block the payment leaving me no choice but to use the government centralised digital coins or tokens?

Yeah, it will also scan your body and if they realize you don't have an uptodate chip with your social commitments to the NWO  a drone will be dispatched to...dispatch you

To be fair there's a lot of conflicting information out there.

I'm still not sure whether 5G was created by a Skynet-like AI to brainwash the human population, causes Coronavirus to crash the global economy or merely kills trees in its vincinity.

From my knowledge of 5G (fifth generation technology) is that it will promote AI and IOT technological evolutions. This is simply because the 5G network is faster in speed than other generational network.

So, I don't really know if it'll affect decentralized systems systems BH decrypting encrypting data.
legendary
Activity: 3822
Merit: 2703
Evil beware: We have waffles!
April 15, 2020, 08:23:17 AM
#9
Perhaps folks should simply do a search on what 5G is and how 5G works before leaping onto the Wild Theory & Conspiracies bandwagon......
Hint: 5G sites do not do any pre-processing/sniffing or filtering of data packets.
legendary
Activity: 3122
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April 14, 2020, 11:05:56 AM
#8
for example if I want to pay for my coffee or groceries using bitcoin on my phone connected to 5G then will 5G block the payment leaving me no choice but to use the government centralised digital coins or tokens?

Yeah, it will also scan your body and if they realize you don't have an uptodate chip with your social commitments to the NWO  a drone will be dispatched to...dispatch you

To be fair there's a lot of conflicting information out there.

I'm still not sure whether 5G was created by a Skynet-like AI to brainwash the human population, causes Coronavirus to crash the global economy or merely kills trees in its vincinity.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
April 14, 2020, 09:59:46 AM
#7
for example if I want to pay for my coffee or groceries using bitcoin on my phone connected to 5G then will 5G block the payment leaving me no choice but to use the government centralised digital coins or tokens?

Yeah, it will also scan your body and if they realize you don't have an uptodate chip with your social commitments to the NWO  a drone will be dispatched to...dispatch you

If somebody would want to block transactions they don't need 5G for that.
Packet sniffing can happen on anything, even on 3G or 4G or the McDonalds free wifi (which surprisingly some use to access the forum).  Grin

For example if whatsapp want to censor the word Bitcoin in messages then the 5g network can process that without WhatsApp AI servers doing it.

Nope and also none of the above.
You're understanding something wrong, attributing some magical power to a technology and a protocol.
It's like asking if the blockchain can stop you from buying marijuana over the dark web.

Because it would be the most efficient, and effective way to attack, and stop Bitcoin, and remove censorship-resistance, its main value-proposition.

Most efficient? Lol...what about transactions done via cable?
I told you a hundred times, rather than going to all this trouble of finding blocking solutions when not even 0.1% of the population has 5g ready phones and nobody knows how many bitcoiners are actually making transactions over 5g or will ever make one (I for one have no wallet right now on my phone), they can simply ban usage.
40 years in prison for engaging in anything related to bitcoin.
In two days after the US and EU do this, the crypto space will be a wasteland.

Stop trying to envision sci-fi scenarios and mysterious conspirations, if they want to stop it they won't be doing it by sniffing mobile data.
legendary
Activity: 3122
Merit: 2178
Playgram - The Telegram Casino
April 14, 2020, 08:42:40 AM
#6
For the most part 5G is a mere bandwidth increase by using higher frequencies than its predecessors. It's closer related to ham radios than to neural networks and articificial intelligence. The dangers of the questionable security of IOT devices may be further aggravated by the widespread availability 5G, but that has little to do with 5G itself and even less an impact on Bitcoin.
legendary
Activity: 2870
Merit: 7490
Crypto Swap Exchange
April 14, 2020, 05:55:25 AM
#5
While i don't know technical details of 5G, packet analysis (the more advance version, which is deep packet inspection) already used by government and ISP to track you or/and sell your data. You don't need 5G to do it.
As long as end-to-end encryption are legal and your connection uses end-to-end encryption, you don't need worry your Bitcoin transaction getting blocked.

However, some country plans to make end-to-end encryption illegal or make it's not really end-to-end encryption (e.g. forcing companies to give government encryption key or the software must send the data/metadata to government before encryption/after decryption).
The example is EARN IT by US government.

TLDR : there's no real risks towards Bitcoin from 5G technology.
legendary
Activity: 2898
Merit: 1823
April 14, 2020, 03:23:29 AM
#4

Why would they specifically use 5G to ban BTC payments?

If they want to ban it, they'd legally do it through regulations so you won't be able to use it to pay for your coffee/groceries anymore. Moreover, if 5G was the way they wanted to block BTC, that means you could bypass the ban by using Wi-Fi.. so if you're expecting the govs to block it, then expect something straight & forward and fool-proof regulations.


Because it would be the most efficient, and effective way to attack, and stop Bitcoin, and remove censorship-resistance, its main value-proposition.
legendary
Activity: 1134
Merit: 1598
April 13, 2020, 07:37:15 PM
#3
~

So will 5G have a upgrade in few years time to 5G MAX or 5G+ or 5G ultimate or whatever they wanna call it?

Do these mid life upgrades require new hardware masts/satellites/towers?
I don't know about 5G for sure but I do know that Elon Musk's Starlink is going to be upgraded in a matter of years and I believe it's going to be on-the-fy (or over-the-air). Isn't it a bit nonsense to bring up satellites, towers etc and then having to physically get some other hardware to upgrade the network?

If I think it logically, it's probably a matter of time and hitting a certain goal. Once Elon Musk has all his satellites up and running, he's probably going to tune them all to the max power. If so, I assume the same will happen to 5G hardware too.


~

Lastly coming onto Bitcoin Risks with the 5G being rolled out everywhere as we speak. Like discussed above if 5G can do some smart processing on its own independently then can the Government use the 5G network to ban Bitcoin Payments done outside the home if phone is connected to 5G? For example if I want to pay for my coffee or groceries using bitcoin on my phone connected to 5G then will 5G block the payment leaving me no choice but to use the government centralised digital coins or tokens?
Why would they specifically use 5G to ban BTC payments? If they want to ban it, they'd legally do it through regulations so you won't be able to use it to pay for your coffee/groceries anymore. Moreover, if 5G was the way they wanted to block BTC, that means you could bypass the ban by using Wi-Fi.. so if you're expecting the govs to block it, then expect something straight & forward and fool-proof regulations.
copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
April 13, 2020, 02:01:59 PM
#2
Current cell towers already have cpus? There are fewer towers due to frequencies but 5g might not need as powerful cpus either per tower...

Most data is encrypted end to end too... WhatsApp is encrypted with only the sender, receiver, server, and whoever the server distributes it to. Censoring private messages is nothing western governments should really tolerate.

The 5glte, 5g+, 5g super high performance may come out, but I don't know how likely it is to not have a continuously evolving set of standards..

In the UK 5g with Vodafone started at about 40 mbps and three at about 20, already Vodafone has advanced to 150mbps so I imaging this'll just continue. The more towers the better the coverage is probably the way they'll go, 5g compatible devices are compatible up to 10gbps and there may be a point where it needs extending further but for now that isn't necessary.
sr. member
Activity: 1056
Merit: 270
April 13, 2020, 01:55:20 PM
#1
Okay firstly lets clarify the wireless frequency tech:

Is 5G just bandwidth where it just carries dumb data packets via frequencies to smart devices requesting it or has the 5G network protocol has advanced from previous wireless tech where the 5G towers/satellites or even 5G frequencies can do any sort of advanced smart processing data like a cpu processor in a computer? Meaning the dumb raw data has been processed by 5G before it even reaches the 5G smart devices that all have cpu processors in them anyway? For example if whatsapp want to censor the word Bitcoin in messages then the 5g network can process that without whatsapp AI servers doing it.

If there is any sort of smart processing by the 5G frequencies then how is 5G different to Neural Networks that uses Smart Human Brain type of processing?

Lastly I remember each wireless tech had a mid life upgrade like 3G had a mid life upgrade to HSDPA. Then 4G to 4G LTE or 4G+.

So will 5G have a upgrade in few years time to 5G MAX or 5G+ or 5G ultimate or whatever they wanna call it?

Do these mid life upgrades require new hardware masts/satellites/towers?


Lastly coming onto Bitcoin Risks with the 5G being rolled out everywhere as we speak. Like discussed above if 5G can do some smart processing on its own independently then can the Government use the 5G network to ban Bitcoin Payments done outside the home if phone is connected to 5G? For example if I want to pay for my coffee or groceries using bitcoin on my phone connected to 5G then will 5G block the payment leaving me no choice but to use the government centralised digital coins or tokens?

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