Nothing on the internet is safe. The company that provides the "encryption" service still gets to LOG your data. VPN is not safe either. Just another scheme to pry into your lives. DATA IS THE NEW MONEY. The information provides foresight on what to expect the public is interested in. Therefore, capable of manipulating the market in the data harvester advantage.
There are companies that specialize in tracking them in depth, and they can likely even track them through "mixers", which basically is you sending bitcoin into a large pot of coins and on the other side you get bits of coins from all over the place which supposedly hides your identity. It has ALWAYS been possible to fully track this, it's just a big pain in the ass and probably pretty expensive. That's 'security through obscurity' which is really no security at all if someone cares enough to spend the resources to track you. What you want is mathematically sound security.
Bitcoin is not at all what you want to be using if what you're doing needs to be private, it's literally a completely public blockchain.
Go read the Bitcoin Whitepaper before you ask questions plz.. Bitcoins were worth almost nothing when they were first mined. They were almost a joke. A guy bought a pizza for 16,500 Bitcoins.. They only gained value once people realized there is an algorithmically proven finite amount of them - and there are not enough for everyone.
There is all sorts of data hidden in the blockchain.. Blockchain.info is a good place to start.
It started with an idea published in a whitepaper by a pseudonym of Satoshi Nakamoto. It appears to be a mostly organic open source effort after that.. Then, a group of evil people (called Core or something) basically took over Bitcoin and stifled it. Meanwhile, a group of non-evil people just forked the whole damn thing and that's how Bitcoin Cash got started.. Every other crypto is basically a protocol based off of Bitcoin.. most of the ones that gain a following do so because they add new features. Ethereum is the most ambitious where you can embed a whole running program into the blockchain.. it's also one that is tough to scale.
IMO, a small gradual investment in the Top 5-10 cryptos on coinmarketcap.com is a good idea.
I like the idea of how it is right now.. use whatever the hell currency you trust.. and convert it to whatever one is needed to buy from the vendor you want to transact with..
I like that too but it'd be better if bitcoin weren't completely kneecapped. Having to convert is a pain when bitcoin's transaction fees are insane, and ethereum occasionally has the same issue. The one that I trust (XMR) doesn't have enough adoption at present. Honestly, I just want everyone to accept Doge until then.
That scaling debate is how I learned to spot shills and astroturfing, then the 2016 election tactics were very familiar.
It is the individual's choice to spend cash on illicit goods and services. Why else does the US Government crackdown on illicit purchases with the US dollar? Oh, that's right, we have laws concerning how we spend the dollar. Did it say it is legal to use the US dollar on illicit goods and services or illegal?
You can embed data into blockchains but you have no idea how cryptocurrencies work.
Bitcoin was the discovery of 'proof of work'' as a way to make a digital currency actually work. Previous digital currencies never solved the problem (Byzantine Generals problem).
Nothing on the internet is safe. The company that provides the "encryption" service still gets to LOG your data. VPN is not safe either. Just another scheme to pry into your lives. DATA IS THE NEW MONEY. The information provides foresight on what to expect the public is interested in. Therefore, capable of manipulating the market in the data harvester advantage.
I heard the US gov has a tool to track transactions and placed new guidelines in being taxed for investing in the digital currency market.
You have a tool to track transactions too. They're public. Edit: here you go - https://www.blockchain.com/explorer
There are companies that specialize in tracking them in depth, and they can likely even track them through "mixers", which basically is you sending bitcoin into a large pot of coins and on the other side you get bits of coins from all over the place which supposedly hides your identity. It has ALWAYS been possible to fully track this, it's just a big pain in the ass and probably pretty expensive. That's 'security through obscurity' which is really no security at all if someone cares enough to spend the resources to track you. What you want is mathematically sound security. Bitcoin is not at all what you want to be using if what you're doing needs to be private, it's literally a completely public blockchain.
Go read the Bitcoin Whitepaper before you ask questions plz.. Bitcoins were worth almost nothing when they were first mined. They were almost a joke. A guy bought a pizza for 16,500 Bitcoins.. They only gained value once people realized there is an algorithmically proven finite amount of them - and there are not enough for everyone.
There is all sorts of data hidden in the blockchain.. Blockchain.info is a good place to start.
It started with an idea published in a whitepaper by a pseudonym of Satoshi Nakamoto. It appears to be a mostly organic open source effort after that.. Then, a group of evil people (called Core or something) basically took over Bitcoin and stifled it. Meanwhile, a group of non-evil people just forked the whole damn thing and that's how Bitcoin Cash got started.. Every other crypto is basically a protocol based off of Bitcoin.. most of the ones that gain a following do so because they add new features. Ethereum is the most ambitious where you can embed a whole running program into the blockchain.. it's also one that is tough to scale.
IMO, a small gradual investment in the Top 5-10 cryptos on coinmarketcap.com is a good idea.
<3 another person who understands the great scaling debate and how Bitcoin's vision died.
I'll throw my hat into the Monero ring, it's the most important project of all and the closest thing to actual digital cash that exists.
I like the idea of how it is right now.. use whatever the hell currency you trust.. and convert it to whatever one is needed to buy from the vendor you want to transact with..
I like that too but it'd be better if bitcoin weren't completely kneecapped. Having to convert is a pain when bitcoin's transaction fees are insane, and ethereum occasionally has the same issue. The one that I trust (XMR) doesn't have enough adoption at present. Honestly, I just want everyone to accept Doge until then.
That scaling debate is how I learned to spot shills and astroturfing, then the 2016 election tactics were very familiar.
It was a platform for illicit use. The very reason why this digital currency exploded. But dirty and blood money never lasts, in my opinion.
Cash is a platform for illicit use too.
It is the individual's choice to spend cash on illicit goods and services. Why else does the US Government crackdown on illicit purchases with the US dollar? Oh, that's right, we have laws concerning how we spend the dollar. Did it say it is legal to use the US dollar on illicit goods and services or illegal?
Woosh.
This doesn't make any sense.
You can embed data into blockchains but you have no idea how cryptocurrencies work.
Bitcoin was the discovery of 'proof of work'' as a way to make a digital currency actually work. Previous digital currencies never solved the problem (Byzantine Generals problem).
In bitcoins? No.
What is digital text made of?
It's data with a unique identity.
Read the fucking white paper
Deported.
Why stop mining? If CCP has most of the mining operations, who will tell them to stop mining? The dangerous precedent being established.
Odd how you state this. Who determines the limit? Fool's Gold.