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Messages - Z-tight

Pages: 1 2 3 [4] 5 6 ... 37
46
Cryptocurrency discussions / Re: Again, Don't Ignore Security
« on: April 30, 2024, 05:38:04 PM »
Using hardware wallets is very good for security because it stores your keys offline, however, for those who cannot buy a hardware wallet for one reason or the other, they can set up their own airgapped wallet which would still store their keys permanently offline.

Though take note that before you set up your airgapped wallet, you must really know what you are doing, in order to be able to set it up in a safe environment, this is why a hardware wallet is the 'easier' choice for newbies.

47
They are now avoiding US users to be safe from SEC and that's a sign that they have done something wrong.
Wasabi wallet is not recommended, but that is on the basis that they offer selective privacy, but blacklisting certain utxo's from their tx. However, leaving the U.S market doesn't mean doing something wrong in my honest opinion, i believe they have seen what just happened to Samourai wallet and they are trying to be a step in front.

48
At least in the news we don't see cases like this coming from other countries, and if such cases exist, they must be very few.
The U.S are very strong in their 'fight' against privacy in the guise of fighting money laundering, but i believe some parts of Europe are also doing the same thing. The wave of attacks against crypto services is spreading and i agree that very soon, it would be almost everywhere, the government will want to know exactly what you do with your coins.

49
Cryptocurrency discussions / Re: What Altcoins Do you have?
« on: April 29, 2024, 11:06:37 PM »
ALT coins are risky and you have to wait for the right time to sell it. :-\ As I have first time invested in different ALT coins with a good usecase and they are all listed on a reputable exchange. My list contains Movr, CTXC, Matic, ENA mainly but now because of the BTC dump, I am in huge loss  :'( but I am still positive for the Bull run, so will wait for the Huge pump.
Goodluck in waiting for this huge pump, what use cases do these coins have, you said you invested in altcoins with good use cases, it is very hard to find an altcoin that is useful, so what made you believe this coins give that. Next time i will recommend you buy BTC and not many useless altcoins.

50
Cryptocurrency discussions / Re: Anonymity - good or bad?
« on: April 29, 2024, 10:58:23 PM »
Anonymity has its good and bad side , but due to its bad side, the government have been reluctant accepting bitcoins and other cryptocurrency.
BTC tx's are not anonymous, but pseudonymous, and the only way to achieve anonymity is through mixers or CoinJoin. BTC is legal in so many countries, and a lot of others are indifferent about it, but BTC is decentralized, so the government will see no need for it, but they simply want to regulate it for their citizens and stop them from using privacy solutions to achieve anonymity, that is why they are after privacy solutions.

51
Cryptocurrency discussions / Re: Anonymity - good or bad?
« on: April 28, 2024, 10:33:11 PM »
I don't think in cryptocurrency have more privacy again after get agreement for submitting document ID and verifying KYC at all exchange platform indirectly we have publish our data to public.
Surely if you have done kyc in any centralized exchange, you have lost your privacy and it is going to be hard to get it back. However, you must not use custodial services, you can trade in p2p platforms, and you do not need to register or submit any kyc details when you use them.
I think the privacy depend on our self how some one know us with cryptocurrency holder after showing them profitable earn from crypto every day at social media account.
It is part of it, bragging about your crypto holdings is dangerous and can expose you to a $5 wrench attack. However, completing kyc is also dangerous as the service can lose the data through a hack and it could be sold in the black market.

52
I have always prefer a wallet for storage especially when it has to do with long term hodling of cryptocurrency.
Take note that you should not use just any wallet, especially when you want to store BTC's for the long term and if the coin is worth a lot of money. For long term storage, your wallet should be a cold storage set up, that is either a hardware wallet or airgapped wallet, in addition to the fact that any wallet you use should be open source and self custodial.

53
Inasmuch as self custodial wallets are considered to be the safest when it comes to bitcoin storage, let's also consider what what happens when someone loses his private key, that means only one thing, all your funds are gone and can never be retrieved.
But a reputable exchange on the other hand could also offer strong security measures to protect your funds, and are also very easy to use too.
This is what a lot of people thought, before they lost all their money in a collapsed centralized exchange, if you are using BTC, you have a responsibility to protect your seed phrase and your funds, and if you are serious about it, you won't lose it. Many reputable exchanges have collapsed in the past, so how do you trust one with your funds, it is a stupid thing to do.
Plus, some of these exchanges also have insurances to cover for any losses, just incase something eventually goes wrong and you end up incurring some losses.
Mt.Gox's creditors are yet to get anything back, not that they are even waiting to get 100%, but they haven't even gotten anything at all. That's all i can say about what you just said.

54
If you are a fast learner, then you can get some pdf or read books that would increase your understanding about what Bitcoin mixing really entails and the mechanism that the work done without any issue or problem.
If you want to use a mixer like Unijoin, then you do not have to go that far. It is not rocket science, and the mixing process is easy, even for a newbie, all they need is to create a new BTC address to receive mixed coins and set the delay time. Once you deposit the coins, the mixer will handle the rest.

55
This is FUD. This particular agency of the feds is very good at it. So, don't fall for this FUD, and keep using Bitcoin.
I agree, even mixers are not illegal, but the government is seriously going after them, we all know all of these things you mentioned is still legal, but the government is attacking BTC's fungibility and treating certain coins that go through privacy tools as 'tainted'.
And also exchanging your cryptocurrency for another kind of crypto is also legal, ID or no ID.
Better to do that on a p2p exchange. If you deposit coins that have been mixed or from a CoinJoin tx into a centralized exchange, it would be confiscated, even though mixers & CoinJoin are not illegal. :D

56
I read about the delays but I did not count them as delays when United States SEC was still planning on the approval but many people wanted it to be asap.
It was dalayed a lot of times, the SEC has 240 days to either approve or deny an application from the time it starts reviewing it. They also set deadlines at different intervals, many of those deadlines were missed, and if that happens, the decision is shifted to the next deadline.

I believe the application of Blackrock was the reason why the SEC approved all the 11 pending etf applications at that time, probably if Blackrock didn't apply, the SEC would have kept on postponing it, until the 240 days elapses on all the pending applications.

57
Interface, they could also include that in their witch hunt, everything that provided anything to anyone,  ;D will again be at their arm's length.
Anything that provides privacy to people, and they also believe that most crypto services are being used for money laundering, so they are going after them all. I also believe they are witch hunting at this point, and every crypto service will be under their radar at some point, however i don't think they will care about crypto forums.

58
Or maybe a cryptocurrency forum?  :-\
It could be, lol, and that is why Theymos has gone ahead to ban mixers in bitcointalk, even though mixers are still very much legal. However, i don't think they would care about crypto forums, they do not enhance their users privacy and it even gives the government the opportunity to send their reps here, who create accounts lowkey and monitor new privacy services.

59
Good post mate. But I have used some or few Bitcoin mixers and there are notable differences in them, so what are those similarities or differences that unijoin mixer has that makes it stands out or fall short when being compared to other exchange.
If you want to understand more about Unijoin and how it works, check this link: https://unijoin.io/en/why-unijoin
In there you'll find out most of the things that makes Unijoin different.
How fast is the transaction on unijoin Bitcoin mixer.
You set the transfer delay yourself, you set the hours and minutes you want to receive the mixed coins into your receiving address. But your deposit tx must have at least two confirmations first, and then the delay time starts counting from there.

60
Crypto Wallets / Re: Has anyone used (btccxxc) wallet for USDT?
« on: April 27, 2024, 10:07:11 PM »
Why are  some people not preferring to use well known reputed old wallet instead? USDT has many old reputed wallet that can be used for it.
It is their lack of knowledge and ignorance, they do not want to do their research and they believe anything they see online. There are a lot of recommended wallets out there and if you ask in the community you will find one, there are so many phishing wallets out there, and if you use anyone of them, you will lose your money.

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