moorey
call me Mia
Because they can.So why are they mining for them?
https://www.investopedia.com/tech/what-happens-bitcoin-after-21-million-mined/
Because they can.So why are they mining for them?
Mining isn't only getting new ones, it is processing transactions from which you can earn.So why are they mining for them?
Because they haven't reached the maximum amount available for circulation yetSo why are they mining for them?
Ok some more info....It still wouldn't have helped. We all generate so much meta-data and computer analysis of said meta-data is getting so accurate these days that even a hardware wallet is still going to be relatively easy to locate. Think of it like a black-hole. Astronomers can't see it but they know it is there because it has an effect on the behaviour of everything around it.
It is not only that thoughBecause they haven't reached the maximum amount available for circulation yet
The primary purpose of mining is to allow Bitcoin nodes to reach a secure, tamper-resistant consensus. Mining is also the mechanism used to introduce Bitcoins into the system: Miners are paid any transaction fees as well as a "subsidy" of newly created coins.
Yeah. But then we all just go back in time to when people (except the robbers) still had their money, agree that's how things should be, and restart time from then?An immutable ledger is cool until the bank robbers work out how to crack the safe.
Hugely damaging. People just put their fingers in their ears and mine away.It’s still a pointless self serving exercise that is engineered into the platform to generate uptake… and that would be fine, except that it is very power intensive and damaging the environment.
Cool. DarkSide. Another bunch of douchey tech-bros who thinks that a ‘cool’ handle and the anonymity of the internet makes them Keyser fucking Soze. They should swap notes with that Dread Pirate Roberts chap, How’s he doing these days?Ok some more info....
Still locked up no doubt. It was a decent idea but they should have kept violence out of it.How’s he doing these days?
I might be misunderstanding here, but Dread Pirate was caught by some one physically accessing his computer by way of social engineering, not hackery.Cool. DarkSide. Another bunch of douchey tech-bros who thinks that a ‘cool’ handle and the anonymity of the internet makes them Keyser fucking Soze. They should swap notes with that Dread Pirate Roberts chap, How’s he doing these days?
I think POSM was referring to cool internet dudes rather than hackingnot hackery.
Crypto zealots tend to crow about how 'untraceable' it is and that attachment Tek put up reinforced my point. The very fact these Dark Side chaps are known amongst the crypto fraternity mean that they're now on a radar - much like Dread Pirate Roberts was. From that point on the length of time before they're identified (and potentially jailed) is simply down to how much effort the authorities want to put in to catching them.I might be misunderstanding here, but Dread Pirate was caught by some one physically accessing his computer by way of social engineering, not hackery.
Yeah, right, understand the point now and I agree to a large extent. A friend in the US once told me that they can eventually crack most things (we we talking encryption at the time), it's just about what kind of resources they can put behind it. But that's not an argument to suggest that folk will eventually get caught, it's an argument for keeping below the threshold of being worth that level of resources, which are finite and expensive.Crypto zealots tend to crow about how 'untraceable' it is and that attachment Tek put up reinforced my point. The very fact these Dark Side chaps are known amongst the crypto fraternity mean that they're now on a radar - much like Dread Pirate Roberts was. From that point on the length of time before they're identified (and potentially jailed) is simply down to how much effort the authorities want to put in to catching them.
Bitcoin is highly traceable. There are others that are notCrypto zealots tend to crow about how 'untraceable' it is
Isn’t a large point of Bitcoin that EVERYTHING about it is 100% traceable, which was so supposed to deter its use for illegal and nefarious purposes?Bitcoin is highly traceable. There are others that are not
ANY currency is traceable unless you're not spending it - in which case it's useless. For example, The authorities may not have known where Pablo Escobar had stashed every dollar but the existence of his zoo was a bit of a giveaway to his activities.Bitcoin is highly traceable. There are others that are not