Bitcoin can be private (just use a mixer), it is perfectly secure in a literal sense 256-bit encryption is unbreakable, it can be as anonymous as you want it to be. It already is money.
I'm not selling anything, I'm just saying this whole video (which has nothing to do with Q) is about how the USD is fucked because the feds can print infinite money. Bitcoin is a viable solution to this as it can not inflate, it has a fixed supply.
How is an open transaction log in anyway private? How would you like it if I put up your bank's transaction logs for the whole world to see? A kindergartner with dyslexia would be able to figure out who owns which accounts in three seconds flat.
How exactly do you trade bitcoin when you have no access to a node on the internet? It is not money for this reason alone.
No encryption is unbreakable, and saying this shows you know nothing about encryption.
No encryption is unbreakable, and saying this shows you know nothing about encryption.
I program blockchain for a living. If you knew anything about encryption you would recognize my username is an indicator that I know a lot about encryption. There is not enough computing power in the universe to crack 256-bit ECC. It goes beyond limits of classical physics.
How is an open transaction log in anyway private?
Okay, the ledger is public, go ahead and tell me my crypto balance please. You can't because I use blockchain anonymously. You have no clue what my public address is, it doesn't matter that it's public or not. If I were to interact with your store as a customer I would simply first send my payment through a ZK-snarks or ring signature mixer thus completely obfuscating any connection to my main wallet, you will never be able to trace it back, the connection is severed through a statistical approach, it doesn't matter that it's public.
Again, "unbreakable" is a word you cannot use for encryption. It's the same as saying a lock that cannot be picked. Just because your imagination fails you doesn't mean it fails someone else.
What you don't know you don't know can still kill you.
security through obscurity
Great plan."You'll never find the needle in the haystack! It's a really big haystack!"
You need to calm down man... All I said is Bitcoin can't fall victim to inflation. It can't. I have no desire to debate about if money is only true money if it's backed explicitly by a metal and nothing else. That's your own prerogative, I have no comment.
Most people can't handle detailed facts at first, but they might want to learn more after checking this one out.
The government will never teach subversion.
You must do that at home.
Thank you for posting this! Very informative. A MUST WATCH for everyone.
Very informative!
Bitcoin can save us
Bitcoin is nothing but hogwash. It is not private. It is not secure. It is not anonymous. It can never be money.
Stop hawking it.
Bitcoin can be private (just use a mixer), it is perfectly secure in a literal sense 256-bit encryption is unbreakable, it can be as anonymous as you want it to be. It already is money.
I'm not selling anything, I'm just saying this whole video (which has nothing to do with Q) is about how the USD is fucked because the feds can print infinite money. Bitcoin is a viable solution to this as it can not inflate, it has a fixed supply.
Calm down ... why so aggressive? All I said is bitcoin can fix the issues of the fed (I.e. inflation, fractional reserve lending, etc).
How is an open transaction log in anyway private? How would you like it if I put up your bank's transaction logs for the whole world to see? A kindergartner with dyslexia would be able to figure out who owns which accounts in three seconds flat.
How exactly do you trade bitcoin when you have no access to a node on the internet? It is not money for this reason alone.
No encryption is unbreakable, and saying this shows you know nothing about encryption.
I program blockchain for a living. If you knew anything about encryption you would recognize my username is an indicator that I know a lot about encryption. There is not enough computing power in the universe to crack 256-bit ECC. It goes beyond limits of classical physics.
Okay, the ledger is public, go ahead and tell me my crypto balance please. You can't because I use blockchain anonymously. You have no clue what my public address is, it doesn't matter that it's public or not. If I were to interact with your store as a customer I would simply first send my payment through a ZK-snarks or ring signature mixer thus completely obfuscating any connection to my main wallet, you will never be able to trace it back, the connection is severed through a statistical approach, it doesn't matter that it's public.
I see what you did there.
You don't know who you are talking to either.
Again, "unbreakable" is a word you cannot use for encryption. It's the same as saying a lock that cannot be picked. Just because your imagination fails you doesn't mean it fails someone else.
What you don't know you don't know can still kill you.
Great plan."You'll never find the needle in the haystack! It's a really big haystack!"
Do you know what a ring signature is? It's plausible deniability, not obscurity.
Someone gets the goods.
Unless you're Santa Claus!
You need to calm down man... All I said is Bitcoin can't fall victim to inflation. It can't. I have no desire to debate about if money is only true money if it's backed explicitly by a metal and nothing else. That's your own prerogative, I have no comment.