Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Blockchain Is Dangerous Nonsense

eisfunke.com

Post reply on HN
Print view View original

391–392 of 392 posts

Re: Blockchain Is Dangerous Nonsense

#391

Post by FabHK »

lrvick wrote: post #363
newswasboring wrote: post #320

Earlier quoted context omitted.

How are you purchasing bitcoin with cash? I know it happens but I don't know how it's happening. Is it safe?

Bitcoin ATMs, and repayment from friends when I pay for things in cash. There are also p2p exchanges like LocalCoinSwap where you can meet people in person in public places to buy or sell an amount of BTC you are comfortable carrying. Some let you use escrow where you deposit cash to a bank account then you are sent BTC on receipt. None of these methods can be stopped no matter how much regulators demand KYC from the…

> convert to Monero, then back to Bitcoin to de-associate the Bitcoin to me.

So you do KYC and AML on one exchange, transfer BTC there, exchange to Monero, then transfer those to your own wallet, do KYC and AML on another exchange, transfer the Monero there, and exchange it back to BTC?

Re: Blockchain Is Dangerous Nonsense

#392

Post by mattdesl »

igorkraw wrote: post #389
mattdesl wrote: post #380

Earlier quoted context omitted.

you point an ENS name to an address (a public key hash). in a system built on private/public keys, it can be useful as an alias. the “IP”, or address in this case, is my own , because it is directly generated from a 24 word seed phrase. this naming system has value for myself and the millions of other users interacting within the network.

But unless you have a completely independent physical layer, that network and alias is only reachable via an IP you rent or buy from the normal Systems. So what's the added value once you have that IP pointing somewhere? Like, if everything you can do with the ENS depends on an IP, which can do the same things as an IP, what's the use case? You are already dependent on the system, without an avenue out, what's the ad…

not really sure what you are referring to; ENS does not depend on IP addresses or have anything to do with internet protocol domain names.
Post reply on HN