Crypto lounge thread

BURNΞR

Pelican
Agnostic
Your internet history would be tracked by your ISP at their servers. A USB isn’t going to change that. I don’t know what this magic USB does, but even if you aren’t writing to the hard drive/ssd, there is still data that could be recovered from memory (RAM, whatever its called now), as well some boot records in the BIOS (or whatever thats called now). Of course, if you really want to go down the rabbit hole, there is all kinds of nefarious stuff that could in theory be buried inside the firmware of your internal components. Nothing is truly secure.

Just get a “burner” laptop (preferably one with “open source” hardware), run ONLY open source, privacy focused software. Get a VPN. Never access anything like emails or shopping sites that could in theory connect your IP to your real name.

I'd check out the bible and FAQ since I'm not an expert but I think people use Tor so their ISP doesn't get them. They use XMR instead of Bitcoin and Tails so the physical hardware isn't used against them. Burner laptop would work too but you probably have to screw through the harddrive like in Mission Impossible movies to destroy the evidence. I've also read that VPN is recommended against but can't remember why. The anonymity/privacy subject interests me but I just don't really have a need for it at the moment. The only thing I can conceive of buying on the dark market might be guns but I don't live in a bad neighborhood.
 
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MarshalZhukov

Sparrow
Catholic
I'm all about gambling in the BSC casino though my $2k limit was exhausted thanks to a bunch of meme coins that collapsed on me at the same time. Not something I would do beyond just feeding my degeneracy.
there is no need to gamble if you can take educated and well calculated risks. a freind of me got me into the meme coin game and I have solidly doubled my investment. however, we benefited from a certain amount of advance knowdlegde that enabled us to make an educated guess.
 

The Beast1

Peacock
Orthodox Inquirer
Gold Member
there is no need to gamble if you can take educated and well calculated risks. a freind of me got me into the meme coin game and I have solidly doubled my investment. however, we benefited from a certain amount of advance knowdlegde that enabled us to make an educated guess.
Lemme guess, 4chan's biz?
I was trying to get into sup 20k market cap coins to dump out when they hit 100k.

The issue was, I held overnight. Shouldn't have done that. Crypto trading is 24 hours.
 

Coja Petrus Uscan

Crow
Orthodox Inquirer
Gold Member
1.png


The brainboxes are back.

3.png


It's looking bullish.

4.png
 

Coja Petrus Uscan

Crow
Orthodox Inquirer
Gold Member
That is true, fokm. I do not have trust in fiat currency either.

Every asset has its weaknesses. Fiat is pretty stark, since we know its purchasing power is going to be redistributed to the government and banks by the printing press. Fiat is losing its status as any sort of safe haven.

BTC has a lot of traction at the moment as a store of value, which is held up by people's trust.

Recently I've been seeing stories of people hit by hardships who used BTC as a life-raft as there was no other feasible store of value they could use. They could probably use gold, but it has risks in theft and confiscation, particularly at the borders. I remember a story several years ago of a family in Italy who were caught trying to take large sums of gold out of the country by car. I can't find the story now.

A small example -


This is the kind of destabilisation of small countries by crypto that Crooked Hillary was recently warning of.

The issue is BTC is not really a currency. It is generally only going to be used as a currency by such people who are in unstable economies or as an intermediary by people skirting currency controls, the banking mafias. It could only potentially be used as a currency, broadly, if it reaches a point where it is not going to grow anymore. At which point it would be a mildly deflationary currency.

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Bitcoin not being physical is a pro. That's why people are using it to take wealth across borders, which you can't easily do with gold or bank transfers (permission).

Gold being physical is a pro. It can have a raw economic value. In comparison the value of fiat and crypto is largely trust. Many people hold gold for something approaching societal collapse. At which point the economic value of gold is close to zero; its value would become trust. The same thing many holders will knock crypto for.

In the current environment crypto is more useful than gold and has far more growth and potential utility. I want to be able to send and receive purchasing power to anyone in the world, within a few seconds, with close to no fees and with no way for 3rd parties to interfere.
 

bucky

Ostrich
Other Christian
Every asset has its weaknesses. Fiat is pretty stark, since we know its purchasing power is going to be redistributed to the government and banks by the printing press. Fiat is losing its status as any sort of safe haven.

BTC has a lot of traction at the moment as a store of value, which is held up by people's trust.

Recently I've been seeing stories of people hit by hardships who used BTC as a life-raft as there was no other feasible store of value they could use. They could probably use gold, but it has risks in theft and confiscation, particularly at the borders. I remember a story several years ago of a family in Italy who were caught trying to take large sums of gold out of the country by car. I can't find the story now.

A small example -


This is the kind of destabilisation of small countries by crypto that Crooked Hillary was recently warning of.

The issue is BTC is not really a currency. It is generally only going to be used as a currency by such people who are in unstable economies or as an intermediary by people skirting currency controls, the banking mafias. It could only potentially be used as a currency, broadly, if it reaches a point where it is not going to grow anymore. At which point it would be a mildly deflationary currency.

------

Bitcoin not being physical is a pro. That's why people are using it to take wealth across borders, which you can't easily do with gold or bank transfers (permission).

Gold being physical is a pro. It can have a raw economic value. In comparison the value of fiat and crypto is largely trust. Many people hold gold for something approaching societal collapse. At which point the economic value of gold is close to zero; its value would become trust. The same thing many holders will knock crypto for.

In the current environment crypto is more useful than gold and has far more growth and potential utility. I want to be able to send and receive purchasing power to anyone in the world, within a few seconds, with close to no fees and with no way for 3rd parties to interfere.
I've commented before about how I lurk on a lot of leftist sites and blogs and have witnessed their bitter hatred for crypto. They often talk about how they're looking forward to laughing at the far-right white supremacists who hodl once crypto collapses and fails. Until recently I wondered what they were talking about because crypto is so obviously a solid idea.

Just recently it hit me that crypto haters, who are almost always leftists, are not so much talking about crypto failing on its own merits, but about governments figuring out a way to destroy crypto. I've seen a lot of comments on RVF saying that this is impossible, but I don't see how. My understanding is that transactions in BTC and most other cryptos are entirely traceable, and even with something like XMR, it seems to me that governments could just ban exchanges and possession of wallets.

I've already commented a few times that I expect a "crypto is racist" narrative sometime in the near future. It could be that or maybe some narrative about "national security" that kicks off a crypto confiscation act. I hope I'm wrong, but to me it seems fairly likely that we'll see something like that soon.
 

BURNΞR

Pelican
Agnostic
So that one of the gold diggers on the photo marries him and drives him into bankruptcy with a divorce? And he will blame me for ruining his life with buying bitcoins. Maybe I get into crypto, but my son gets nothing. I seriously thought about it, but I don't want it to get a habit.

Difficult for government to confiscate crypto especially with mixers and XMR for the foreseeable future. In 30 years time crypto owners will either be living in the Citadel or become destitute, hard to predict that far into the future.
 
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