They have their get of out jail free cards anyway so no matter how bad they fuck up, they can admit and then nothing happens. That doesn't prove any weakness in common encryption algorithms.
Partially traceable, but not tied to anyone's identity. It takes some serious and stupid mistake to actually get caught. And as always, when computers are involved, nobody want to publicly admit being that stupid, so they lie. It's also in the governments interest to make people think they can track and seize as they wish because then most people will just get a bank account the day cash is removed.
Like every crime (anything the government don't want you to do), you'll only get away as long as you don't do a stupid mistake that can tie you to the crime. Encrypting every file on someones computer and demand a ransom is a pretty serious crime, if you ever plan to do that, make sure that you know how to stay anonymous.
You can't just receive a crypto payment and then think you're 100% safe from any consequence, that's not how crypto works. But if used correctly, yes then you can be fully anonymous.
Hitting someone with a $5 wrench until they give you their private encryption keys is not cracking/hacking or seizing. That's plain and simply torture, and the human is the weak spot, not the computer.
Criminals get caught all the time, not because NSA runs a magic supercomputer in their basement, but simply because of human errors and small mistakes which allows the police to find you.
There's a difference between being "assigned" a key pair, and actually downloading the source code yourself, compiling and generate a cryptographic key pair which is your wallet. In the latter case it cannot be traced back to you.
You know, if you ever want to withdraw a large amount of cash you must identify yourself, banks surveillance camera will catch your face and all the bills will be traceable back to you.
See what you're doing here is pure ignorance, you don't know how neither cash or crypto works, yet you try to convince people based on faulty knowledge... this makes you a useful idiot to the globalist banking cartel. Educate yourself, know the enemy, then we can talk.
It's just like with the masks, if they where truly afraid of the virus they wouldn't touch you or try to stop you. Might as well remind them of that after they tried to stab you in the back and you've laid them down on the floor with their knife up against their throat.
Depends on yourself, humans with too much privileges are the biggest threat to any secure system. A clean fresh installation of Fedora 33 should overwrite the CPU microcode before even starting the system and decrypting your drive.
You can check this in the boot menu, fist thing you see after start where it says "Fedora" and "Advanced options for Fedora" or similar. Press E and you should see the whole boot command which will run in sequence. First it loads the microcode, then the kernel and then (if you have full disk encryption enabled) the prompt comes up, or whatever mechanism you use to decrypt on boot.
So relatively secure is the best answer I guess. Just make sure that nobody else ever gets physical access to your device. Make sure to never run shady proprietary software, stick to open source and verify that there are no back doors. That way, chances are very low that someone could ever spy on you or steal your data.
But if you wanna be really secure, you might wanna use Qubes OS. A Linux distro designed with security in mind. Every program runs in it's own vm, and it's not the standard type of vm's, these are completely isolated from each others, giving you full control over everything that runs in your system.
It's not the most convenient solution tho, for instance if you want to plug in a usb device and let a software use it, you need to explicitly allow that in the systems task manager since the usb firmware run in it's own isolated box too. It's a bit of al earning curve, but worth it if you really want perfect security.
Processing transactions is a two part job. You need a simple device with a disk that holds a copy of the blockchain, there's currently 11 000 of them. The power usage for these devices is insignificant as it's typically desktop PC's which would have been powered up and online anyway.
The second part is to append new blocks every 10 minutes, a block is 1MB of data which is downloaded to every node. That's literally less energy than all of us patriots consume just to browse this site.
Mining, which is the biggest energy consumer is powered solely by greed, because we cannot trust scummy bankers, or one central authority for verification to not fuck around.
Assuming we could in fact trust central authorities, the entire Bitcoin network, no matter how many users it has could be verified by just one single device, owned by one person. Consuming only a couple of watts of energy.
Bitcoins energy usage does not scale linearly. If you wan to double the amount of customers in a bank that currently has one server, you need to ad another server to process all those transactions.
As for Bitcoin there's already 11 000 nodes, fully capable of handling billions of transactions per minute, all of them running on hardware that would have been powered on anyway, like desktop PC's, RPI's etc... which only uses a couple of watts.
All the mining does is to verify blocks by computing hashes, more users does not need more mining devices, you could do it all on just one computer if difficulty is low, and if you could trust whoever owns that computer to not fuck around. Problem is that you can't. You can't trust scummy centralized bankers, that's why Bitcoin was invented in the first place.
Technically speaking all the energy usage for mining, which comes solely from greed, and not because it's actually needed, or related to the amount of users. Should be blamed on the banking system because they're a bunch of corrupt faggots.
This leaves about the same energy usage needs as for just operating the servers in a bank, but more secure as the blockchain is decentralized.
Everything else like fancy office buildings, vaults, surveillance, card readers, office desktop machines, heating, transportation and printing of cash, guns for protection and other things needed in a legacy banking system is a huge waste of energy.
It's possible to update the microcode firmware via OS. Linux does this by default nowadays with open source microcode: https://wiki.archlinux.org/title/Microcode. I'm sure windows does it too, or NSA via Windows built in back-doors, only difference is that their firmware is proprietary and full of shady stuff.
That old pedophile with severe dementia is both sleepy and sloppy.
Depends on who win's the 2022 election, every day a SD + KD + M alliance seems more likely to get majority. That's Conservatives, Christians and Nationalists which means immigration stop and assimilation of those already in the country, it's the end for pointless socialist policies and the whole migration industry, and those migrants who show no respect for their new home country will be deported.
There's hope for Sweden, but what about the US? Sleepy Joe is a catastrophe who even manages to make the socialists, environmentalists and commies in Sweden look sane.
His dementia made him forget.
You can reduce the risk of heart diseases by eating healthy, same with cancer ironically, it won't grow as fast if you don't feed the cancer cells. A changed diet can slow the cancer down by a lot.
Medical errors on the other hand doesn't leave much room for the individual patients to correct. That's a problem in the healthcare system or i big pharma.
I can't send my gold to people???
You know very well you can, but can you trust someone to deliver your gold without just running away stealing it from you?
And all I care about is sending my wealth to people overseas.
Nice joke, what about the ability to hide large quantities of it and backup? What if you wanted to hide a ton of gold, could you fit that in a regular ordinary book? or in your head? Could you make an off site backup of that. I.e if your house burns down, maybe you want a plan B on how to access your gold, like a backup in another house you own.
What if you're not home and some breaks in, where would you hide your gold to prevent a burglar from stealing it from you? Your mattress? a safe? that's the first place they look for it.
What if you had to movie it at all? you think your gold would be safe from thief's if you left it out in the open in the bed of your pickup truck? Don't you think a slip of paper would be easier to hide, or a tattoo, or on a CD disc with music no sane thief would ever steal.
Imma buy a bunch of crypto with my credit card now.
I doubt. You'll wait until it reaches ATH then you buy in because your friends convince you. After that comes the expected dip and you panic sell, then you get mad because it goes up again.
It's not for everyone you know, some people are just meant to be slaves to the system. Most of them are socialists but there are good people falling behind too. Don't let the banks fuck you over, take back your freedom in any way you can.
I know the meaning of intrinsic value, but I don't get why that's an important property of a currency. Just because you can touch something doesn't means you're safe from being scammed by some scheme that just happens to be printed on paper instead of being online only.
If you know a better way to introduce a decentralized currency to the world, speak up. Gold was also pure speculation before it became known as currency, people invested their time to search for it in harsh places.
Define intrinsic then...
Are your account on this site real? are this site real? are the server this site is hosted on real? Are digital photos you snap with your camera real? Are money in your bank account real?
See how this works, I'd say that data is real. We live in a digital world and most of our lives are stored digitally, that's inevitable.
So what about cryptocurrency then? well, it's stored on a blockchain, which is a distributed database synced across at least 11 000 nodes spread across the world and verified by the miners. It's literally data with +11 000 backup copies.
That's as real as it can get in digital terms, and the chance of all those nodes collapsing at the same time is less than you losing your gold in some way, maybe by a fire or a boating accident. Your gold only exist in one place a the time, crypto is everywhere. Remember that.
That's not really how it works, think of crypto as digital gold. No government can prevent it from being used as it's decentralized and peer-to-peer.
Digital gold solves the problems real gold has which made it inconvenient to use as a currency, which is also how the banks sold in their fractional reserve scam to the people.
That won't happen with crypto, because why would you voluntarily give up control over your wealth, financial freedom, financial privacy and other advantages for some scam the government cooked up?
Crypto won't destroy the banking system, not in the near term at least. Too many people are ignorant or outright choose to be slaves to the government because they doesn't know better, that's their choice.
That's not really how it works, if you happen to stumble on a new type of metal one day it won't instantly get as valuable as gold, it could gain value and steal some of the gold value in a couple of decades if proven to be better than gold but that certainly won't happen immediately, same thing happens when a cryptocurrency is forked, only faster since you can easily read about it, explore, verify and invest.
Backed by is a receipt for getting scammed since you can't trust anyone to manage your wealth for free. The currency must be backed by itself. Like literally gold or silver, or crypto which is the only known digital solution for self backed store of value that's proven to work.
That means they come and beat you up if you ever get involved in the creation of something better, for a small yearly fee between 2-10% devaluation of your savings. Don't like it? well then they can beat you up until you change your mind.
At least shitcoins on blockchain won't send their thugs out to beat you up if you chose an alternative currency.
Because it'll be like prison... where you also have everything you need to survive, but at the cost of your own freedom. If you hate freedom, you'll be happy, otherwise you'll be sad and miserable.