Bitcoin's privacy is the biggest omission of being a real currency. But Bitcoin's strong decentralization is what gives it a great value.
If Bitcoin is anonymous, they will be boycotted by the authorities as they do with Monero, Dash ...
The majority of people invest in Bitcoin for profit and that is very common nowadays. They invest for money, not Bitcoin technology. It is the incentive to develop for the benefit of the community instead of technology that has made the crypto space worse.
Topic: Snowden I own more bitcoin than anything else—but - page 2. (Read 381 times)
Since it's Snowden we're talking about, no wonder he's into privacy and doesn't like that Bitcoin isn't really private. And he's right that Bitcoin won't be delisted because it's #1, but I also don't see how Bitcoin is supposed to suddenly become private. It was built to be transparent, not to ensure anonymity, and so it's unclear how it can become something different. Moreover, he makes the argument that basically since transactions are available for everyone to observe, when some are 'marked' with shady stuff going on, people might avoid these coins even though they're technically worth the same as any other bitcoins. So this way Bitcoin might become somewhat non-fungible. But coins seized by various authorities then get sold on auctions, so I think their reputation becomes clean once again and they can then be used without issues. And if some dollar banknotes literally have traces of drugs or blood on them, for instance, it's not like they're truly fungible either.
to be honest..
i have never seen any exchange blacklist any bitcoin if it was related to adult porn. nor any cannabis dispensories
however. stuff that is truly illegal and causes of harm.. well yes maybe just maybe those criminals need to be stopped.
let the kiddy porn/hitmen hard drug criminals go play with an altcoin for their privacy.
and leave bitcoin for the good stuff that doesnt need ID registration. but also doesnt need blacklisting
the solution is far simpler. let the drug addicts and child sex traffickers go play with an altcoin
i have never seen any exchange blacklist any bitcoin if it was related to adult porn. nor any cannabis dispensories
however. stuff that is truly illegal and causes of harm.. well yes maybe just maybe those criminals need to be stopped.
let the kiddy porn/hitmen hard drug criminals go play with an altcoin for their privacy.
and leave bitcoin for the good stuff that doesnt need ID registration. but also doesnt need blacklisting
the solution is far simpler. let the drug addicts and child sex traffickers go play with an altcoin
Bitcoin has become an investment asset more than anything else. It's not anymore a currency to the mass which is used for transactions over the internet. It's not anymore a system which lets you take over your finances from the money hungry corporates. It's not a revolution anymore!
Bitcoin has simply become an investment asset which has outperformed all other investment assets so far. So what Snowden is referring to, is true! Sad but true! It has become a way to be rich more than anything else!
Bitcoin has simply become an investment asset which has outperformed all other investment assets so far. So what Snowden is referring to, is true! Sad but true! It has become a way to be rich more than anything else!
Thats exactly it, we are seeing more and more of the "wealthy class# of people
and large companies investing in Bitcoin primarily as an inflation hedge but also
they are realising massive gains.
The upside is that anyone can own it so less wealthy people are also realising gains
which means less and less want to spend it.
The privacy functions or worries of Bitcoin are rarely commented upon in the forum,
Myself included so taproot isnt a critical aspect of Bitcoin for a lot of people but
it is for the people who value the fundamentals of Bitcoinand are interested in its
development not just its $ value.
I think it totally depends on what we want from Bitcoin: do we want it to be a globally-accepted currency or do we want it to be an off-grid alternative to fiat? I would personally like the latter much more than the first, because while we may have "regulatory issues" the more privacy there is, does that matter when the government shows clear signs of a strong desire to control?
Privacy coins are great and if Snowden agrees that a phone without mic & cam (so without the possibility of surveillance) is better, then why would it be an issue to have a coin without possibility for surveillance? Isn't it pretty much the same deal?
Privacy coins are great and if Snowden agrees that a phone without mic & cam (so without the possibility of surveillance) is better, then why would it be an issue to have a coin without possibility for surveillance? Isn't it pretty much the same deal?
Privacy is nice, and important, but I can't lie that that's why I used Bitcoin first.
I think the time will come when Bitcoin users will be seeking privacy. Definitely not all of them, probably not even the majority, but a not insignificant part of them. I started using my first phone due to the necessity of wireless communication. Today however, I am looking for phones with Lineage support and de-Google them ASAP. While 10 years ago digital privacy may have not been a big issue, today with so many intrusive platforms and corporations it's an incrementally higher concern.. 
I don't think there was ever a time when there were more Bitcoiners interested in privacy more than in its price. At least, not from the moment there was a market created for it, and a first exchange rate (calculated as the electricity cost to produce it).
No pretenses from people like me either. I first looked into Bitcoin properly out of a situation where I had time, and then actually used it out of the necessity for a PayPal alternative. Privacy is nice, and important, but I can't lie that that's why I used Bitcoin first.
No pretenses from people like me either. I first looked into Bitcoin properly out of a situation where I had time, and then actually used it out of the necessity for a PayPal alternative. Privacy is nice, and important, but I can't lie that that's why I used Bitcoin first.
Privacy coins are great, but they're too small and too easy to smother via regulatory actions like de-listing from exchanges. Only Bitcoin has immunity-via-dominance to delisting. It adopting privacy-by-design instantly normalizes financial privacy. Ultima Ratio Cryptum.
Snowden isn't wrong about many things he say and I understand his criticism about Bitcoin can be very constructive, but I don't think he fully understands Taproot when he said that it will make privacy even worse.
Everyone here (except maybe governments) would love to see Bitcoin developers introducing better privacy improvements maybe with some ring signatures or other solutions,
but that would mean new hard forks and potentially big problems with regulators worldwide.
I would love to see some serious discussion and suggestions about improving Bitcoin privacy on main chain without second layer or other centralized solution, and maybe Snowden just wanted to shake and wake up developers.
Without making any conclusion better listen Snowden's full interview and maybe listen what he said in his previous talks about Bitcoin and privacy:
https://www.youtube.com/watch?v=JRsvz6pRtZE
That is true that most people know Bitcoin only for it's sky rocketing price
Because most people that we have in crypto now are new guys (because crypto community grows expotentially), lambo guys who came here to find another doge that will make them rich fast. Thats normal during bubble. No matter which tech this bubble is made from (The Dotcom Bubble, Railway Mania, housing bubble) After the bubble all of them are broken and leave crypto market. Crypto market is made from fundamential investors that day. No one is investing is shiba (x1000 in last month) only because its named after the breed of the dog from DOGE crypto.
Decentralization, safety, diversification of well balanced portfolio where you put few% into bitcoin. Thats what's most people do outside of/after mania.
you can read it from his twitter account ---> https://twitter.com/Snowden/status/1391035543773929473
Snowden believes that privacy is what guarantees replacability, just as it does to cash. I see that many people who use Bitcoin have become more interested in prices and their fluctuations than decentralization or privacy, which is the essence of the value of it.
That is true that most people know Bitcoin only for it's sky rocketing price but not the decentralization and privacy because of the "investment" thing people wanted to happen with Bitcoin. Profit is what matters most nowadays even billionaires did something like that if I am not mistaken. Privacy and decentralization is just a bonus I think. Quote
the worst part of cryptocurrency transforming into dragon-level wealth is witnessing good people emotionally devolve into dragons themselves: so intellectually paralyzed by the fear that everyone they see threatens their hoard that they lose sight of the world beyond their cave.
1) This is such a profoundly misleading TL;DR of a privacy-focused talk that it's hard to call it anything but intentionally deceptive.
2) To the extent I own crypto (unless and until it has been lost in boating accidents), I own more bitcoin than anything else—but
3) Bitcoin's disastrous privacy is the "missing stair" of cryptocurrency. Every expert understands it's a problem, but—as experts—they themselves know how to compensate for the risk in their own personal interactions with Bitcoin, and therefore feel no urgency to actually fix it.
4) Privacy coins are great, but they're too small and too easy to smother via regulatory actions like de-listing from exchanges. Only Bitcoin has immunity-via-dominance to delisting. It adopting privacy-by-design instantly normalizes financial privacy. Ultima Ratio Cryptum.
The central property of cash is fungibility—meaning a dollar spent by a plumber is honored equally to one spent by a sex worker: they are indiscriminable. Adversarial chain analysis of Bitcoin's public ledger reduces its fungibility over time. Only privacy guarantees fungibility.
1) This is such a profoundly misleading TL;DR of a privacy-focused talk that it's hard to call it anything but intentionally deceptive.
2) To the extent I own crypto (unless and until it has been lost in boating accidents), I own more bitcoin than anything else—but
3) Bitcoin's disastrous privacy is the "missing stair" of cryptocurrency. Every expert understands it's a problem, but—as experts—they themselves know how to compensate for the risk in their own personal interactions with Bitcoin, and therefore feel no urgency to actually fix it.
4) Privacy coins are great, but they're too small and too easy to smother via regulatory actions like de-listing from exchanges. Only Bitcoin has immunity-via-dominance to delisting. It adopting privacy-by-design instantly normalizes financial privacy. Ultima Ratio Cryptum.
The central property of cash is fungibility—meaning a dollar spent by a plumber is honored equally to one spent by a sex worker: they are indiscriminable. Adversarial chain analysis of Bitcoin's public ledger reduces its fungibility over time. Only privacy guarantees fungibility.
Snowden believes that privacy is what guarantees replacability, just as it does to cash. I see that many people who use Bitcoin have become more interested in prices and their fluctuations than decentralization or privacy, which is the essence of the value of it.
Bitcoin has become an investment asset more than anything else. It's not anymore a currency to the mass which is used for transactions over the internet. It's not anymore a system which lets you take over your finances from the money hungry corporates. It's not a revolution anymore!
Bitcoin has simply become an investment asset which has outperformed all other investment assets so far. So what Snowden is referring to, is true! Sad but true! It has become a way to be rich more than anything else!
Bitcoin has simply become an investment asset which has outperformed all other investment assets so far. So what Snowden is referring to, is true! Sad but true! It has become a way to be rich more than anything else!
Interesting. I didn't know much about privacy, but little by little I know more and more about coin control, mixers, or coinjoin.
I would say that to some extent, Bitcoin is similar to cash although you have to be more careful to maintain privacy.
Cash is not 100% anonymous. If you go somewhere, pay for something with cash but ask for a bill and give your ID so the data appears on the bill, there is no privacy. If you go to buy drugs with cash, the dealer sees your face. Also the bills they give you at the bank are numbered and in principle could be traced if it hasn't been too long since they were given to you.
With Bitcoin you have ways to maintain privacy, and Coinjoin looks quite interesting.
I would say that to some extent, Bitcoin is similar to cash although you have to be more careful to maintain privacy.
Cash is not 100% anonymous. If you go somewhere, pay for something with cash but ask for a bill and give your ID so the data appears on the bill, there is no privacy. If you go to buy drugs with cash, the dealer sees your face. Also the bills they give you at the bank are numbered and in principle could be traced if it hasn't been too long since they were given to you.
With Bitcoin you have ways to maintain privacy, and Coinjoin looks quite interesting.
you can read it from his twitter account ---> https://twitter.com/Snowden/status/1391035543773929473
Snowden believes that privacy is what guarantees replacability, just as it does to cash. I see that many people who use Bitcoin have become more interested in prices and their fluctuations than decentralization or privacy, which is the essence of the value of it.
Quote
the worst part of cryptocurrency transforming into dragon-level wealth is witnessing good people emotionally devolve into dragons themselves: so intellectually paralyzed by the fear that everyone they see threatens their hoard that they lose sight of the world beyond their cave.
1) This is such a profoundly misleading TL;DR of a privacy-focused talk that it's hard to call it anything but intentionally deceptive.
2) To the extent I own crypto (unless and until it has been lost in boating accidents), I own more bitcoin than anything else—but
3) Bitcoin's disastrous privacy is the "missing stair" of cryptocurrency. Every expert understands it's a problem, but—as experts—they themselves know how to compensate for the risk in their own personal interactions with Bitcoin, and therefore feel no urgency to actually fix it.
4) Privacy coins are great, but they're too small and too easy to smother via regulatory actions like de-listing from exchanges. Only Bitcoin has immunity-via-dominance to delisting. It adopting privacy-by-design instantly normalizes financial privacy. Ultima Ratio Cryptum.
The central property of cash is fungibility—meaning a dollar spent by a plumber is honored equally to one spent by a sex worker: they are indiscriminable. Adversarial chain analysis of Bitcoin's public ledger reduces its fungibility over time. Only privacy guarantees fungibility.
1) This is such a profoundly misleading TL;DR of a privacy-focused talk that it's hard to call it anything but intentionally deceptive.
2) To the extent I own crypto (unless and until it has been lost in boating accidents), I own more bitcoin than anything else—but
3) Bitcoin's disastrous privacy is the "missing stair" of cryptocurrency. Every expert understands it's a problem, but—as experts—they themselves know how to compensate for the risk in their own personal interactions with Bitcoin, and therefore feel no urgency to actually fix it.
4) Privacy coins are great, but they're too small and too easy to smother via regulatory actions like de-listing from exchanges. Only Bitcoin has immunity-via-dominance to delisting. It adopting privacy-by-design instantly normalizes financial privacy. Ultima Ratio Cryptum.
The central property of cash is fungibility—meaning a dollar spent by a plumber is honored equally to one spent by a sex worker: they are indiscriminable. Adversarial chain analysis of Bitcoin's public ledger reduces its fungibility over time. Only privacy guarantees fungibility.
Snowden believes that privacy is what guarantees replacability, just as it does to cash. I see that many people who use Bitcoin have become more interested in prices and their fluctuations than decentralization or privacy, which is the essence of the value of it.
Jump to: