by pkvi
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aquila_calvitium 1 point ago +1 / -0

Banks started to use computers all the way back in 1970's, your paper checks was in fact the worlds first digital currency, which you interacted with physically through a bank worker, but they where always in control over your holdings and the back end transactions happened digitally.

Have you ever asked yourself why, if they wanted to introduce CBDC, they would give up all the control they already claimed over 40 years, just to give it all back to you. And then while at it also lose their insanely high transaction fees, like the 6% you pay on every card transaction for instance, or 20% on a international transfer, or $10/mo just to have a fricki'n bank account.

The only way they could possibly succeed using this strategy is through subversion, i.e spread FUD and make people think it's dangerous to be in control over their own money, because by now a lot of people are used to bankers being in control and want to keep it that way, because they believe that the bankers will save them if they get scammed, which of course no bank will ever do. You'd still get fucked and lose everything you own.

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aquila_calvitium 0 points ago +2 / -2

As long as Sweden remains neutral Russia could easily grab the "unsinkable warships" in the Baltic sea, and use them to attack NATO troops from behind.

Locals living there won't support NATO either way and will likely attack anyone setting their foot on there.

by pkvi
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aquila_calvitium 2 points ago +2 / -0

eID's are already commonly used in Sweden, while most people claims there's no sharing of data between providers, even tho it would be super easy to implement such sharing and send it all to one centralized database.

What's surprising is that they haven't successfully implemented it for porn sites yet. Almost as if (((someone))) is pushing back.

by pkvi
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aquila_calvitium 3 points ago +3 / -0

The social "democrats" has been pushing for "porn id" for decades. It's nothing new, and not limited to eID. They genuinely don't understand the risks, but believe their intentions are good, and as for degeneracy it's easy to agree as people who care about their privacy would simply stop consooming porn, which is a good thing.

The real problem with Sweden is the massive push for eID, even tho the government themselves doesn't provide such ID. There's two private eID providers available currently, Freja eID, which is a bit more based, but isn't supported at most places.

Then there's the horrendous clusterfuck known as BankID, which just like the name suggests is owned by the 6 major corrupt banks. It's proprietary, full of spyware and only runs on the most recent version of spyware devices, i.e, you can't use it on GNU+Linux, only M$ Binbows or iOS/Android.

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aquila_calvitium 3 points ago +3 / -0

Mt Gox is long gone, bankrupt, owners sued, although they still had a pretty huge stash of Bitcoin which they have paid fines years after the collapse, after the value went up. Everyone got fully compensated for their loss, tho in fiat so they missed out on their crypto gains.

Exchanges is, and will always be a weak spot, just like banks. This is why people say "not your keys, not your coins". Only keep on exchange what you can afford to lose, and don't keep it there for long.

There's always been ways to use Bitcoin, even without internet, or connectivity in general. Out of all systems online that can fail, Bitcoin will be the last thing to go offline. People have made transaction over satellite, CB radio, wifi, bluetooth, nfc and all kinds of alternative protocols. In a recent power outage I supplied power to the modem via a battery and managed to send and receive crypto that way, even tho DNS and all centralized services where unreachable.

But in general, there should always be offline alternatives. And that's the good thing about Bitcoin, because it's market valued it's perfect for barter with gold, silver or any other items, just like you would barter with gild, silver, bullets, cigarettes or eggs in a SHTF situation. It will help establish a barter economy. Fiat on the other hand could never do that. It'll just crash and then you'll be back using bullet,s gold, silver, cigarettes and eggs anyway, assuming the society isn't falling into complete chaos as people panics when they don't know what to do.

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aquila_calvitium 4 points ago +4 / -0

Mt Gox was a centralized exchange, the first to exist in fact. Basically a lot of people putting their coins into someone else's wallet. For "convenient" exchanges to and from fiat instead of exchanging directly or buying consumer goods directly.

Mt Gox got hacked, it was a poorly written website full of security hole, just like any bank. Their wallet keys where leaked and soon the hackers had all the coins. Because this happened early on the impact on price was pretty big. From $100 to $1100 then down to $200.

The fact that its on the NY stock exchange mean someone has control.

Nowadays everything is listed on the stock exchanges, they even have "futures markets" where buy buy a virtual version of the asset, not even a real thing. If you lose you go into severe debt, if you win you make a shitload of money. It's the peak of rigged markets and the reason why house prices are so insanely high right now, why gold and silver isn't going up as fast as Bitcoin even tho they should.

Even if its totally secure I dont see how the government can be kept out.

The key is control. The phone system may have been private, but it was always centralized, hence always possible to listen to every call. The government can easily infiltrate such business and force them to spy or give the government access.

With Bitcoin you are in control, you hold your own keys and the only way the government could mess with you is by physically arrest you then maybe torture you until you give up the key. They could also torture you until you tell them where you hide your gold, so it's about the same level of security.

That said, if you put your coins in someone else's wallet, or your gold in someone else's vault, you no longer have control.

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aquila_calvitium 2 points ago +2 / -0

When did it ever "lose all it's records"? Blockchains are append only, it's a very simple data structure where nothing can go wrong really, and if it does than there's no way to recover. Sounds like complete FUD, or something that happened before it was even released during the test phase.

The network has never been hacked and this can be proven mathematically. Fake news media likes to make that claim, when in reality the problem is people who put their coins on exchanges, which is exactly like storing your gold in someone else's safe, depositing cash into a bank, store your car in your enemy's garage or put your coins in someone else's wallet.

I understand we are told its totally decentralized

It is, here you can see all the nodes in real time, online and offline as well as historical data. Bitcoin node software runs on port 8333, check it with nmap, ping or your favorite network scanner software. Do a whois lookup on the ip's and notice how it's all different isp's and in most cases residential ip's.

but there is no way that can be secure

This is why miners exist, miners are competing trying to verify the next block, in Bitcoin this takes roughly 10 minutes. A block contains all the transactions that happened in the network recently.

Mining is a process of computing checksum trying to solve a complex mathematical problem, first one to solve it wins and gets to append the block to the chain, the winner is also rewarded some BTC which means more people will mine trying to compete for this reward. The more miners, the more secure the network is, nobody trusts, everyone verifies.

Maybe thats just me but I do not see how anything can be secure that way.

Until year 2008 there was no known way to secure such system. Bitcoin is the first software which successfully solved that problem which cryptographers and mathematicians has been struggling with for decades.

Viruses and hacks from hackers and governments are crazy on torrent.

Torrents is a different technology, partially decentralized as it still relies on centralized tracking servers. Also, it's impossible to censor torrents, a file is a file, it is what it is. Torrents can make sure nobody secretly replaces your file with a virus, but if it's malware you're downloading torrents have no way to protect you. Bitcoin handles only transactions, hence impossible to embed or distribute malware through it.

Maybe its just my paranoia. But all I see is a wild pig trap, if your familiar with that analogy.

The Bitcoin network operates by consensus, sure anyone could try to upload something bad to the chain, anyone could try to double spend, anyone could try to change the rules. But to successfully do that you need majority support across the network. This was a legit threat in the beginning when the network was still small, but nowadays it's too big for that sort of fuckery to gain any traction.

Bitcoins current hashrate is 280 EHash/s, that's E as in exa 2¹⁸ hashes computed per second. For comparison, a AMD EPYC cpu (64 cores, top of the line) does maybe 10Mhash (2⁶) per second. A good GPU can do maybe 200Mhash per second. A $3000 ASIC miner can do 20Thash per second (2¹²). You need at least 15 million of those to even get close in succession of performing any form of reasonable attack against the Bitcoin network.

That's a $50 billion investment. Each of those consumes about 2kW of power, you right now you'll need about 30GW of power too. That's 30 huge nuclear reactors. Then you need cooling, a secure facility, lot's of staff, months of time to manufacture the devices, probably your own chip factory too...

Can the US government, CIA and NSA do it, absolutely. It'll take them a couple of years to get it all up and running, but it's doable. And once they do, they can finally delay some transactions by 10 minutes, that's all they can do with that amount of computation power.

That said, current block reward is 6.25BTC, if the government installed such huge facility they could make 37.5/2 = 18.75 BTC per hour. That's a profit of $4.4M per hour, or $0.32B per month, assuming they don't fuck up and destroy the network which of course would crash the valuation temporary.

Also, if they do build such facility and decides to fuck around, the network could easily agree to switch to a different algorithm, say scrypt for instance, and suddenly, just like that by the push of a button all the SHA256 ASIC's are rendered obsolete.

This has actually been done in the past with forks like Bcash, BSV, BCH and "Bitcoin gold", tho those haven't gained traction, mostly because existing SHA256 miners are more interested in profit than fucking around ruining the network.

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aquila_calvitium 3 points ago +3 / -0

Before 2017 some Bitcoin wallets where reusing public keys. This may be convenient if say you wanted to receive donations and then track them all by having everyone donate to the same address.

Nowadays pretty much all wallets generate a new receive address for every transaction. This means you need the private key to keep track of the wallets full balance as well as all in and outgoing transactions. Making it incredible hard to track...

People who get caught because of "tracing" has sent directly to a KYC verified exchange service, all exchange wallets are known and so the police only has to ask the exchange for who received the money which they as a financial institution has to reveal. Bitcoin itself is pretty much untraceable if used correctly. But if you need even better privacy, Monero is the real deal.

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aquila_calvitium 1 point ago +1 / -0

This is because digital books are not cryptographic secured and hashed to prove it's the original, they're stored on centralized servers (amazon e-books). Same goes for movies (netflix, hulu etc).

Torrents is slightly different as it's decentralized and hashed by default, this is why you can find unedited original content at thepiratebay for instance. Same goes for cryptocurrency, not to be confused with digital fiat, which runs on centralized servers with no transparency.

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aquila_calvitium 1 point ago +1 / -0

Theoretical quantum computers, if successfully built, is a threat to all encryption. Blockchains adds time complexity for each block appended to the chain. It will be the last system to break, and won't be of any use if that happens as the market valuation would instantly drop to $0 shortly after the first theft occurs.

Then a fork would be made, using a new quantum secure algorithm and a snapshot from before the thefts begun. This will restore everything almost instantly, while your bank will be fucked, any secured information you had encrypted will remain leaked and lot's of other problems.

FBI has never traced Bitcoin transactions in order to find people, this is outright bullshit. All fake news media FUD claiming this leaves out one important detail, and this will get you busted no matter how you pay.

Everyone who's gotten caught has done something stupid, like live streaming their crime from their own KYC verified fakebook accounts. They withdrew a large chunk of cash from their bank (serial numbers logged) and got their faces plastered allover the surveillance cameras, then the receiver of the payment shows up to the same bank, with the same large chunk of cash and want to deposit it to their account. Bam, now you're both busted. And it has nothing to do with medium of exchange, just some basic police work.

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aquila_calvitium 1 point ago +1 / -0

Never thought of anti-crypto miner extensions, sounds shady. uBlock origin should do the trick, tho I would have expected pi-hole having most of those miners on it's block list by now. I think the service is coin-hive something, they changed their domain a lot to evade ban.

Seems like they released it as open source now: https://github.com/cazala/coin-hive, if that project is the javascript miner, it could be on any domain and very hard to block. Gonna have to dig deeper into that.

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aquila_calvitium 4 points ago +4 / -0

You can check with wireshark, most javascript based crypto miners are blocked these days now tho, it was a temporary trend which wasn't appreciated as it was often too stealthy and misused. It's also pretty much only Monero that was ever mined that way, maybe some other ASIC resistant coins too.

Filter by DNS in wireshark and search for "xmr" or similar domains. Tho most likely just crappy code or generic spyware not detected by pi-hole.

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aquila_calvitium 1 point ago +1 / -0

Fake news, this man is more Swedish than anyone here is American. They tried to deport him to Denmark and he proved his family blood line goes back thousands of years.

Like most Swedes he disagree with the current development of illegal immigration of mostly Muslim welfare parasites. That's why he burn Qurans. Russia has nothnig to do with this at all.

And only a retard trust lying (((Bonnier))), when they spew out bullshit about all media not owned by (((them))) is Russian propaganda, that's not true. Sweden does have independent media too, who doesn't receive money from any government, unlike bonnier who cash in billions every year to promote government propaganda.

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aquila_calvitium 3 points ago +3 / -0

Yep, and the swedes are pigs when going to Finland to buy cheap alcohol.

Norwegians are assholes when going to Sweden to buy cheap crap. It goes all the way around the Baltic's.

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aquila_calvitium 2 points ago +2 / -0

They where part of Sweden back in the days when Sweden was great, and haven't adopted the "Americanization" the Sweden has. That's why they rank so high, it's a white nation with low crime and barely any parasites. Everything else looks almost the same.

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aquila_calvitium 3 points ago +3 / -0

Alcoholism has been a severe problem in the north allover the world. Siberia and Alaska ain't much better. It's the lack of sunlight during winter.

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aquila_calvitium 2 points ago +2 / -0

Work/Life balance maybe? Law of Jante (the real definition)?

No drugs involved and you'll be able to achieve happiness in life, performing great both in life and at work and handle stress.

Test it out on a group of kids by running a strict 8-8-8 schedule. 8 hours work/education, 8 hours spare time, and 8 hours of sleep. Sundays are for resting and praying.

Make sure to live near a large forest, optimally you'll live in a village with just one street with a couple of dozen houses and a church, all red with white corners but some variation in size.

Teach them by letting them be your helping hand while working on the car or while going out hunting. Preach about the danger of relying on the government, with focus on reliance, don't straight out tell them that the government is evil, because that could have the opposite effect.

Heavily restrict screen time, get a dog they can play with and encourage creativity in general.