Topic: OFAC-Sanctioned Transactions Being Censored - page 4. (Read 1850 times)

Private jets. He owns at least 5. The brands are even listed if you google it. It's public knowledge. The boss himself has a carbon footprint of a small town, yet he wants to stop you and me from having our own.


Then don't argue with me, since you read my sentence the wrong way, so I'll rephrase it for you.
I said that most of them (meaning creadit card users) think the money on a bank card are real cash converted to bank balance. I never said that I'm one of these people.

It looks like your whole post was based on a wrong assumption.


Sweden is an experiment on so many levels. Migration, money... I'd say the country is not doing so well because of that.

That, and driving usage underground means they'd lose what tiny shred of control they do have over the on-ramps and off-ramps into fiat.  You could imagine that no one is going to volunteer for KYC if they know what they're doing is illegal anyway.  As such, most sensible governments are largely compelled to take the 'nudge theory' approach. 

Not all miners agree with censoring transactions. Those that are greedy will accept them, even if the government is against such a decision. That's the beauty of Bitcoin's decentralized design. At this point, we can say sanctions can't be enforced on Bitcoin at the protocol level. Only through centralized exchanges, services, and wallet providers.

If things get "tough" for the government, it will make Bitcoin "illegal' for mainstream use. But I doubt it, especially when Bitcoin (or any other cryptocurrency) brings huge taxation benefits to the government. As long as the government gets its "piece of the pie", nothing else matters. Hopefully, Bitcoin will remain censorship-resistant forever.

Well many will not use a mixer but advertise it.

Much like my late father-in-law he owned a bar and bartended 6 days/night a week.

Yet he did not drink.

 I personally advertise a mixer as I no longer trust the USA government.
 I believe they have drifted far off track in the last 30 years.
 A constant failure of leadership and budgets year after year.
 But I am Locked into the system my wife and I get 3 federal pensions so I personally do endless KYC.
 Younger people can look at me and realize if privacy works for them they may want to try it out.

So much like my late father-in-law I do not 'drink'

Within the debate that is going on here about whether people do not care about their privacy, whether they will adopt CBDCs and whether we in this forum are an exception in caring about these issues, I wanted to ask: what do you think about the fact that in this forum there are people who work for a mixer, in the signature campaign, and deposit the funds they receive directly into Binance? (see an image in the link)


I don't find the idea of receiving the payment and directly depositing it in a CEX like Binance, where you will be fully KYC'd, despite the fact that you are advertising a privacy tool, very coherent to say the least.

You're burying yourself in details overlooking the economical aspect.
There is a machine that mines randomx cheaper and with less power than a CPU excluding the later one additional demand for components and electricity cost, that's what matters.

You're ignoring the randomx daily reward that makes little sense in spending too much on gear, $73k last day, or 0.23% that of BTC. Do you see anyone pouring money in stuff that has than 0.1% of market share?
You're ignoring the security aspect, that thing does 212kh/s Monero hashrate is 2.5 gh/s, how much is that in $? 6 million! Six million in gear to reach half of the hashrate! The prefect chain to secure billions, right?


Sweden would love to have a word with you!

You are the one who has bonobo intelligence here, because you don't understand that even physical cash is not real money (backed by gold), it's debt issued by the Central Bank. That's how fiat money works.

Oh well, some Bitcoiners are gullible retards... I'll have to settle with that!

Good riddance

Could become a good thing may mean more pools on the 1-5% size and less pools over 10% size.

The bonobo intelligence you have, welcome to my ignore list you retard.


Another one who doesn't get something basic. The money shown as balance on the (debit) cards is not real money, they are accounting entries based on a ponzi scheme, and in the case of credit cards it is even worse, because they are accounting entries passed on as money that are created as debt with every payment you make. But if you don't understand this very basic thing don't expect me to waste much time arguing with you, eh?

 

I have no idea why people think carbon credits (which will restrict your red meat/gasoline consumption etc.) is a "conspiracy theory":

https://www.youtube.com/watch?v=djpRUafjx7c

Yet again, most people don't even know what WEF is... or perhaps they think it's some "innocent" global forum.

And no, this won't be optional, it will be mandatory. Why? Because most people buy the "human-made" climate change BS. They've dug their own (Net Zero) grave.

Trust me, I would be very happy if I were Klaus Schwab or Bill Gates and you believed my pseudo-religious BS (repent your climate sins ), but I'm not!

I'm just a regular middle class person. Bill Gates will keep flying his private jet and eating juicy steaks, while we will be forced to eat ze bugs.

The more people think this is a conspiracy theory, the more happy papa Klaus and uncle Gates become. Because if the majority of people truly believed it and didn't dismiss it as a "conspiracy theory", they would revolt against their sinister techno-communism plans.

It has always been about convenience. Cash is more difficult to carry around, split in multiple amounts, there's no history of transactions recorded if you need it, easier to lose and get stolen, change discomforts etc. It appears to be the case that these inconveniences justify the spending of billions of dollars and euros in transaction fees annually.

The West is not China. There may be similar treatment as to Chinese, but we fundamentally differ in culture.

CBDC is without doubt coming to Europe, though. This is not a conspiracy theory. A conspiracy theory is that it'll be used to pause the economic activity of people based on their social media, or political preferences, which again might be attempted to happen, but I struggle to imagine the Chinese model enforced to Europeans.

IMO people aren't the sheep some posters here think they are. Yes, they chose credit cards over cash, but that's because most of them were certain that the money on their card is real cash converted to ones and zeros. The risk of using a card over cash wasn't really that big for your average joe, but the convenience was greatly increased.

When it comes to CBDCs most people don't care because they don't have to deal with it right now, nobody forces them to use it, there's a chance it will not go live in their lifetimes, they don't know the details because governments sell it to them as a new, more digital fiat money, that can be assigned to a face ID. This doesn't sound bad if that's all you know.
Joe thinks about it and comes to a conclusion that if he loses his wallet abroad, he'll still be able to buy a ticket home by simply getting scanned at the airport. Pretty convenient if you ask me.
If they start blocking people for their social media activity, fining them for what they write online, there's going to be riots, unless they choose to deal with it like China  did and roll out the tanks.

The difference is called social credit score and carbon credits.

The average Joe can buy as much red meat/gasoline as he likes with his credit/debit card.

Will he be able to do the same with CBDC?

Do you know anything about WEF's agenda?

1) Sold out (unlike Ryzen CPUs, even 7950X is readily available)
2) This doesn't use ASIC chips (unlike BTC or LTC), it uses RISC-V CPUs. Look it up.

RISC might be more efficient than CISC (x86), but it's still not an ASIC. You won't find a single RandomX ASIC.

You also won't see anyone using RISC-V CPUs for BTC or LTC mining.

https://shop.bitmain.com/product/detail?pid=00020231023114009392Wa6C3QuD0658
Ryzen 7 7800X3D, 12 kh/s, 120 W, $350 you get 1kh/s for 10W and 1 kh/s for $20
X5, 212 kh/S, 1350W, at $3000, you get 1 kh/s for 6W and 1kh/s for $14
And in one scenario you got a ready to mine machine in the other you don't even get a fan....



The same way they haven't embraced credit cards either, it's not a matter of choice it's a matter of using what available and more convenient. Just because a CDBC failed in country that struggles to keep power on it doesn't mean it will fail in others.
Most will not care, CDBC or a credit/debit card, what would be the difference for your average Joe consumer? None!Some of you really need to understand that things you talk on this forum are just gibberish boring thing for the majority of the world who doesn't really care.


Still it's all about the money, money is also guarding it but it's also the root of the problem, if Bitcoin would be worth a few thousands nobody would spend billions on attacking it and nobody would spend billions to protect it, there is no difference between Bitcoin and another structure as long as they both follow the rules.

Politicians weren't supposed to take bribes, they weren't supposed to change laws, they were supposed to only change the constitution on a 51% majority or 2/3, guess what, so do miners, they could act lawfully or they could say screw that if they are PAID more.
A politician paid $5000 will fall for a 2million bribe, Mara will sell everything for 1 billion, it's just a matter of percentages.

As for lobby, cough cough...big blo..ikes!

But not in the same sense as with democracy. Sure, it is a human fabrication, but with as much little human presence required as possible. The reliance on the people in charge is minimum. There is an absence of bribery, lobbying, and bailouts, not because those in charge adhere to absolute moral standards; no one does. Everyone has their weaknesses. The chemical reactions occurring in your brain when you wield significant power are simply too powerful to overlook.

The reason there is absence of these things, is because there is nothing to be bribed. There is nothing to be lobbied. Nothing to be bailed out. There is virtually nothing corruptible in this ecosystem as long as the incentive to secure the network surpasses the potential incentive to overthrow it -- that's the entire gamble. If we fail in that gamble, we're fucked. I cannot fathom designing a system more insusceptible to corruption than this.

Not true.

Have you studied Monero's RandomX algorithm?

It's designed in a specific way that favors CPUs (especially Ryzen ones), so that if someone wanted to design an equivalent ASIC chip, it would be as complex/expensive as a Ryzen processor.

So why not buy Ryzen in the first place?

SHA-256 is a very simple algorithm compared to RandomX, that's why it's possible to outperform regular PCs. Apples to oranges comparison.

Btw, I'm not saying that BTC should do a hard fork (like XMR does from time to time). The SHA-256 ASIC investment is too high to ignore/abandon it.

Care to explain why the "uneducated" Nigerians didn't accept CBDC?

What makes you think that Americans/Europeans are "inferior"? Even though they started famous revolutions in the past?

Give me some compelling arguments.

The only way they can possibly lure people into CBDC is by providing a generous UBI (Varoufakis had proposed €2000/month during the COVID plandemic). Andrew Yang had proposed $1000/month in 2013 (more like $2000 with today's inflation taken into account).

Sure, that's a way, but you risk crazy high inflation (although there are ways to mitigate it, such as smart contracts limiting the amount of products you can buy -> i.e. less red meat, more insects).

Still though, people are not that dumb to ditch red meat in favor of insects. China has a different culture, they also have overpopulation, which means they're forced to eat literally everything that walks and flies.

Do you guys seriously envision the West becoming like China? Is that what you want for your children?

Hihihi, you forgot one thing, the one that makes the world spin, MONEY!

Every system will work, even democracy or communism will do perfectly until you hit the money thing, and that's when the problems come, based on the scale of money involved, the ability of an individual to seize it all and the price everyone puts on their beliefs, so if they sell that for 10 cents a day, there you go NK failure.

And that will come to Bitcoin, Bitcoin itself is just a  protocol, it can't become corrupted on his own, but as any protocol it relies on humans, humans update its features, humans host nodes, humans host miners, humans make transactions, and so on, but most importantly!!!
Humans make MONEY out of this, and this feature is the point of failure if it's impossible to find a mechanism to prevent is, which is not that easy.

But you know what's the currents stop? Also money!
So miners won't do something stupid because they will lose money on it, now offer them twice as much and you'll see how frail the protocol is against greed, but right now it's money that's guarding the network.


There is no such thing!
No matter what protocol you choose you can design an ASIC that will outperform your average Joe computer by an order of magnitude.
What's preventing some coins for being mined by ASICs is their daily reward, if that is worth a few thousand dollars a day nobody will invest in building an ASIC for that, but with BTC we talk about 30-40 million a day.


You really think people would abandon cash for credit cards, hard cash in hand for 401k, your free spending for FICO ? Oh wait...
We're talking about 8 billion people, and 14 years in which way less than 40 million (and these are addresses not wallets) have chosen to be their own bank, probably the right numbers being lower than even 5 million.

Judging by this thread, there is some denial that CBDCs aren't necessarily a bad thing, in fact it's such a "good" thing that people will be "enthusiastic" to abandon physical cash in favor of CBDC!

My disappointment arises from the fact that I have high expectations from Bitcoiners (unless they pretend to be Bitcoiners and in reality they're undercover feds)... they should not be so gullible.

CBDC is like a digital jail. Once you enter it, there is no going back to normal (as Klaus Schwab has said).

I'm sorry, but you're the one who has garbage counterarguments here. You insult my intelligence when you insinuate that people will be happy to accept CBDC (along with its consequences).

There is no conspiracy theory regarding CBDC (Digital ID, carbon credits, social credit score, 15-min cities).

It's already a reality in China and they're preparing to bring it in the West, only because there are gullible people like you who know nothing about WEF, Great Reset, Klaus Schwab.

ps: I know many non-BTC people (no-coiners) who resist against CBDC and want to retain cash at all costs.

Eventually they will be forced to shallow the orange pill, but at least they resist against this sci-fi dystopia...