A bitcoiner’s guide to organized crime

Fiatless

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Quote from: anarkiboy on July 26, 2024, 07:44:17 AM

Low profile ? so I should buy cheap car instead of expensive one ? and live in a shed instead of a nice big house ?
Nah.. just buy insurance in case things get stolen and carry gun at all time in case of physical attack.
Being low profile does not exclude you from being a target anyway.

Having an insurance policy to cover your expensive possessions is a very good idea. Possessing a gun is not a bad idea either, but in some countries, guns are not legal. But you should know that these criminals can attack you unexpectedly. Living a simple life is not about buying cheap items or living a low life. But you can enjoy your wealth carefully and not to fluent your wealth in the wrong places. If I live in a highbrow area where most of my neighbors are wealthy, I can use your expensive belongings without restrictions. But showing off your wealth in a poor neighborhood with a high crime rate will be risky even if you have a gun.

Another way most people expose themselves to danger is by showing off on social media. Some people will always showcase their latest acquisition on social media platforms. This can be very risky. Living a low-profile life, especially when you are using Bitcoin in a decentralized manner, can save you from criminal attacks.

Coyster

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Quote from: anarkiboy on July 26, 2024, 07:44:17 AM

Low profile ? so I should buy cheap car instead of expensive one ? and live in a shed instead of a nice big house ?
Nah.. just buy insurance in case things get stolen and carry gun at all time in case of physical attack.
Being low profile does not exclude you from being a target anyway.

You can of course do as you please, you don't have to take a thing from what anybody says. That being said, you should definitely get the car you want and live in the house you want, but you would be doing yourself a big favor if you spoke less of bitcoins, if you go around telling people you are a millionaire in bitcoin, it can attract attackers.

Owning a gun for protection cannot always protect you if you are outnumbered by your attackers and if they carry more sophisticated weapons. You can definitely buy all you want without showing it off, because if you decide to live a luxurious and "loud" kind of life, i am afraid you have to also pay for personal security.

adultcrypto

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Quote from: anarkiboy on July 26, 2024, 07:44:17 AM

Low profile ? so I should buy cheap car instead of expensive one ? and live in a shed instead of a nice big house ?
Nah.. just buy insurance in case things get stolen and carry gun at all time in case of physical attack.
Being low profile does not exclude you from being a target anyway.

It is really a big challenge now when people know you are a bitcoin owner especially in my part of the world where there is increasing hardship and people are fighting so hard to survive. Unlike before when it was popular to tell people about bitcoin and using oneself as example of holder who is doing well, people are very scared not to tell people they are involved in bitcoin because anyone known to be involved in bitcoin is seen as rich and therefore a prime target for both physical or only attack. So, I understand the aspect of keeping a low profile as a bitcoin investor and that is what most of us are doing.

SilverCryptoBullet

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Quote from: Darker45 on July 25, 2024, 11:55:23 PM

Flaunting your wealth is an invitation to criminals.

Showing wealth publicly is like a pot to attract criminals.

Quote from: Publictalk792 on July 26, 2024, 03:06:32 AM

Yes that is good idea. It is important to keep low profile no matter what we have. Show off our wealth can attract bad people like hackers and scammers.

People don't need too much things to have and enjoy good lives and it's nothing wrong to be rich. But if showing your wealth means more risk on your life, you need to be careful and keeping low-profiled life is one way to gain safety.

anarkiboy

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Low profile ? so I should buy cheap car instead of expensive one ? and live in a shed instead of a nice big house ?
Nah.. just buy insurance in case things get stolen and carry gun at all time in case of physical attack.
Being low profile does not exclude you from being a target anyway.

Publictalk792

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Quote from: Darker45 on July 25, 2024, 11:55:23 PM

I believe staying low is the key. This is universal. It applies to you whether what you have is Bitcoin or fiat or gold or whatever. Just make it simple. Flaunting your wealth is an invitation to criminals.

Although it's kind of hard in the age of internet, I guess it's also a good addition to being low-key the habit of not attaching your personal identity to your online persona. As much as possible, your online accounts shouldn't bear your real name, address, contacts, and other personal information.

Yes that is good idea. It is important to keep low profile no matter what we have. Show off our wealth can attract bad people like hackers and scammers. In today online world it is good to keep some of our things private. We should use nickname instead of real name and we should not share personal info like address or phone number online. This will help keep us safe and we will be almost secure. By remain careful online and by keeping low profile we can avoid some bad attentions and potential dangers. It is good to be humble and discreet to protect ourself and our belongings.

Darker45

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I believe staying low is the key. This is universal. It applies to you whether what you have is Bitcoin or fiat or gold or whatever. Just make it simple. Flaunting your wealth is an invitation to criminals.

Although it's kind of hard in the age of internet, I guess it's also a good addition to being low-key the habit of not attaching your personal identity to your online persona. As much as possible, your online accounts shouldn't bear your real name, address, contacts, and other personal information.

SilverCryptoBullet

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Quote from: Coyster on July 25, 2024, 01:49:55 PM

Yeah, they can't if you don't talk about it, but they can know if you send bitcoins to a couple of people who know you in your neighbourhood or if you spend bitcoin in your local store. What you should do to still retain your privacy in that situation is to avoid reusing addresses, and don't use the address that contains a huge amount of your bitcoins.

They can trace with my transactions to locals, neighbors individually but with my transactions to local store, they will need to do more works like filtering transaction history of that store's Bitcoin address.

To prevent this issue, small or big depends on attacks you have, you can create different wallets to use. For spending at local stores, you can use one wallet and for trading with your locals, you can use another wallet. For your investment storage that you need and plan to hold it a long time, use another wallet that need to be secured better and stored more safely than hot wallets you bring around.

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Quote from: Alpha Marine on July 25, 2024, 03:00:59 PM

I think in general, whether you hold Bitcoin or not, you should follow these tips and take your security and privacy seriously. These are things that can happen to anybody. The only reason it's not common for robbers to coerce their victims into transferring money to their accounts is that that money can easily be traced and they'll be caught. If you give thieves an opportunity they'll take it.
I think it's very important not to advertise your wealth. The need to always show off on social media has no benefits, it only makes you a person of interest for various parties and leaves you open to attack.

100%.
This is a matter for us in general as we take our security and privacy matters in the real world. Many of the users are still not aware of these things that can happen to us so they take the experience of others for granted. And to those who are always flaunting their wealth on the web, the days for themselves become more dangerous because of that behavior. Don't be show off, the real wealthy people don't brag about the things that they have. Social media nowadays really making people think that it's a norm to display wealth in the public digitally.

albon

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Quote from: SilverCryptoBullet on July 20, 2024, 10:46:54 PM

Privacy and security are two sides of the same coin. While security mechanisms will hopefully stop an attacker from being able to achieve their goal, strong privacy will hopefully prevent an attacker from targeting you in the first place.

Despite the privacy that Bitcoin and crypto have provided, some people still engage in behaviors that expose their privacy and attract the attention of criminals. The situation worsens if they live in countries that ban cryptocurrencies and have high rates of poverty and unemployment. It is best to keep one’s Bitcoin investments, profits, and capital information among the things not discussed openly, whether in real life or the virtual world.

Criminals now execute their scams not only physically but also through phishing sites, scam platforms, malicious software, and many other advanced tricks that make them largely anonymous and difficult to prosecute legally. Also, security and expertise are the most effective weapons in combating fraud. The more the investor has sufficient experience with security and protection methods and the more he can create a secure environment for his investments, the more he can avoid falling to scammers, who will find it impossible to access his private bank.

Doan9269

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Those that were willing to rage attack on us and the assets we have are not taking it slowing or with levity hands, they work day after day to research more and developed more means for them to be a able to penetrate on us for their aimed attacks, same also it is expected from us not to relent or get weary of knowing the possible updates concerning the security of the crypto portfolio we have.

Alpha Marine

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I think in general, whether you hold Bitcoin or not, you should follow these tips and take your security and privacy seriously. These are things that can happen to anybody. The only reason it's not common for robbers to coerce their victims into transferring money to their accounts is that that money can easily be traced and they'll be caught. If you give thieves an opportunity they'll take it.
I think it's very important not to advertise your wealth. The need to always show off on social media has no benefits, it only makes you a person of interest for various parties and leaves you open to attack.

I don't advertise that I have anything to do with Bitcoin, but that's not because I'm trying to avoid an attack from thieves, I'm just trying to stay away from the radar of my government. Security agents know that fraudsters and scammers use crypto as a way to commit crimes so everybody that has bitcoin is treated as a criminal until proven otherwise. It's even worse if you fall into the hands of the corrupt ones.

Coyster

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Quote from: SilverCryptoBullet on July 25, 2024, 12:12:52 AM

I don't care about $5 wrench attack too much because if you don't wear a T-shirt with your Bitcoin address or its QR code, people in the public can not know your Bitcoin address to do this $5 wrench attack.

Yeah, they can't if you don't talk about it, but they can know if you send bitcoins to a couple of people who know you in your neighbourhood or if you spend bitcoin in your local store. What you should do to still retain your privacy in that situation is to avoid reusing addresses, and don't use the address that contains a huge amount of your bitcoins.

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Quote from: Fiatless on July 24, 2024, 03:57:47 PM

I had the experience and became serious about privacy. I see some people talking about cryptocurrencies on their social media platforms, that's dangerous. I also assume that some people do this just to show off that they have Bitcoin, that's unwise. A Bitcoiner was attacked in a country in Europe and he was identified because he has a channel that discusses Bitcoin. Maybe he makes money from the social media channel and you cannot be running such a program without talking about cryptos. I know there are sometimes you can't escape telling people that you own Bitcoin but let's just be careful.

I totally agree that it is not good idea to share about your cryptocurrencies mean your holding assets on social media. It is not safe and can cause problems. It is okay to be excited about cryptocurrencies but be careful what you share. Boasting about owning Bitcoin can make you target for bad people. Be careful and keep your private information to yourself especially online. Or better idea is that use a hardware wallet to store your assets.

SilverCryptoBullet

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Quote from: TravelMug on July 23, 2024, 06:30:36 AM

But later I realized that I just put myself in the danger zone as there could be some bad elements in the public.

And as time passes by, it's more prevalent that the attacks physically are going up and we have heard horror news about it.

Life is precious and we need to be careful to keep our lives safely. I am scary of doing things that can put me and my family members under threats that can threaten our lives.

Quote from: Fiatless on July 23, 2024, 09:29:03 AM

Privacy has become a very scarce commodity because the crypto space is been forced to move towards centralization.

It's what governments are doing but it's up to you to defend your privacy and life safety. You can do it by yourself and if you are careful with action, you will get better privacy and life safety, it's not business of government.

Coyster

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Quote from: TravelMug on July 23, 2024, 06:30:36 AM

Well in the beginning we wanted to advertised Bitcoin itself, and personally, I have printed a Bitcoin logo in a shirt way back 2018 and I try to experiment with it going into the public like casinos if I would attract or someone will approach me and asked about it.

Some people still feel like doing this, but because they know the huge danger it poses, they avoid it and anything that would identify them as a crypto person. Where i come from, if you talk about having bitcoin, people think you are rich, they don't even know if what you hodl is less than $50 worth of bitcoin, they just imagine that you are an investor and you should have money. It is crucial to do everything possible not to attract attention to yourself as a 'crypto person', it can lead to a $5 wrench attack, and you'd lose everything.

Losing your privacy and putting yourself in danger does not only happen when you have a loud mouth, you must also be careful on how you reuse addresses, and if you want to spend bitcoin in your local store, common sense should tell you not to use the address that hodl's all your bitcoins.

Fiatless

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Quote from: Ojima-ojo on July 23, 2024, 06:19:17 PM

Because to most people who are ignorant on the way bitcoin works, they thinks anyone who own bitcoin is extremely rich, but that is not true so letting others know about your bitcoin holding could become a big threat to you in public eyes.

I had the experience and became serious about privacy. I see some people talking about cryptocurrencies on their social media platforms, that's dangerous. I also assume that some people do this just to show off that they have Bitcoin, that's unwise. A Bitcoiner was attacked in a country in Europe and he was identified because he has a channel that discusses Bitcoin. Maybe he makes money from the social media channel and you cannot be running such a program without talking about cryptos. I know there are sometimes you can't escape telling people that you own Bitcoin but let's just be careful.

Findingnemo

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I literally used the word 'crypto trader' under my social media profiles for very long time until I deleted every social media for multiple reasons. It's not just about the crypto holders it's almost problem for every rich person who is not that rich enough to have security guards 24/7 but have been most rich in the particular region.

I find it's not really a good idea though cause we can't really access the funds unless the owner tells us the key/seed so why not go against someone who have their own vaults instead of crypto wallets. Cheesy

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Quote from: Ojima-ojo on July 23, 2024, 06:19:17 PM

Privacy still remains the key to safety both offline and online and we should try as much as possible to remain private with our asset's most especially assets that are so controversially understood like bitcoin.

If you're into bitcoin and yet lack on the way to go about having privacy, then such person may never realize the reason for his decision for choosing a decentralized digital currency, bitcoin should be a coin whereby we have our privacy in it, on a normal terms, not everyone knows about all that is required from achieving privacy but when we seek after knowing it, we get what we want.

Ojima-ojo

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Privacy still remains the key to safety both offline and online and we should try as much as possible to remain private with our asset's most especially assets that are so controversially understood like bitcoin.

Because to most people who are ignorant on the way bitcoin works, they thinks anyone who own bitcoin is extremely rich, but that is not true so letting others know about your bitcoin holding could become a big threat to you in public eyes.

Topic: A bitcoiner’s guide to organized crime (Read 300 times)