211–220 of 279 posts
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Literally - this is my friend =( For him, it was something like a ~$30m pizza at peak. We're asked not to bring it up.
If he didn't buy a pizza with it and held the btc, he probably would have just sold it when he could make $1000, or $10000 with it.
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Bitcoin is traceable by design. That's how a public ledger works. It is merely pseudonymous. But it leaves complete public money trail. If your Bitcoin ever associate with your real identity, which they tend to do when you actually use them, your anonymity is gone. There is a reason why Monero exists.
The ledger is traceable, the coin is not. Not all transactions have to happen on the blockchain. In fact very few do. If I put $80m worth of BTC in my hardware wallet and physically hand it to you in exchange for a truck full of black market rockets, who is going to trace it?
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Back in 2011 I remember a lot of people talking about how the Chinese oligarchs were using it to evade currency controls and funnel their wealth out of China.
Yes but we should be reminded that this also allows people to be protected from government overreach. If you say something the Chinese government does not agree with they can choose to take all your money and control of your company instantly. Not just oligarchs although those are the bigger targets due to the high value. Even a small business owner could THEORETICALLY have their assets and equity seized for saying s…
Contrary to a lot of comments here, the only way to use bitcoin (or any cryptocurrency) without tracking is to mine it yourself, and even then... Where did you get it? Purchased/transferred? Where did they get it? What else did the person with that wallet do? If the answer is "mined", even then, you have to actually do something with it, right? Buy something? Where is that something shipped? At worst you'll have to p…
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It's not like Western(-ish) nations have much of a choice here. As soon as your banks and financial system depend on the USD in any way, it comes with a mandatory dose of US imperialism and extraterritorial jurisdiction.
For people doing legitimate commerce this is a pro not a con.
Contrary to a lot of comments here, the only way to use bitcoin (or any cryptocurrency) without tracking is to mine it yourself, and even then... Where did you get it? Purchased/transferred? Where did they get it? What else did the person with that wallet do? If the answer is "mined", even then, you have to actually do something with it, right? Buy something? Where is that something shipped? At worst you'll have to p…
I mean, I can meet you in an ally, transfer some satoshis from my wallet to yours, you hand me a wad of cash/jewels/MtG/collector funkos and you might not even know my name.
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I mean, I can meet you in an ally, transfer some satoshis from my wallet to yours, you hand me a wad of cash/jewels/MtG/collector funkos and you might not even know my name.
But do people actually do this? How would you find someone to give you bitcoin for your gold? Are there online markets? Honest Q
Bisq is one place, there's more.
Remember that the CEO of Binance was pardoned by Trump after pleading guilty to financial fraud.
It's more than just that. > President Trump granted a pardon to Binance’s founder, Changpeng Zhao, who had spent four months in federal prison in 2024 for his role in the firm’s crimes. The Trump family’s crypto start-up, World Liberty Financial, has forged close business ties with Binance, and Mr. Zhao was a guest this month at a conference at Mar-a-Lago, Mr. Trump’s club in Palm Beach, Fla.
I hope for the day the world will be decoupled from dollar as universal currency. That day countries will free to trade with each other without worrying about some orange head with low IQ.