Originally posted by starshipeleven
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Originally posted by starshipeleven View PostOk boomer.
It's actually harder to manipulate than bank accounts, and it has nothing to do with the technology involved.
You MIGHT get away with manipulating a bank account if you have enough control and understanding of the internal system of a bank as that's basically a crappy database. There are usually checks and redundancies with paperwork and signatures and stuff so it's not as easy as a one-liner SQL, but it's doable if you have an insider.
With a decent cryptovalue EVERYONE has the "database" (the "block chain") so you would need to change their database too for your transaction to be valid. Good luck with that if the cryptovalue is not Dogecoin or some toy shit with 10 miners total, you would need billions of dollars of mining equipment to overpower them and take over the lead so you can actually record the transaction in a legit way.
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Originally posted by Giovanni Fabbro View PostQuis custodiet ipsos custodes?
The biggest threat to any supposedly open undertaking--which, ostensibly, is created for your benefit--most often comes not from the people who created it...does NOT come from the people who created it--but comes from second or third-generation sly actors who 'hijack' the original organization and its good intentions: the 'people who would keep it pure'. Not for their sakes, but ours, mind you. Of course.
You need look no further than Jim Zemlin and his band of cronies (insert your own word; I was shooting for political correctness)--including Microsoft--at The Linux Foundation.
Y'all keep up that 'custodiet'ing; you hear?
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Originally posted by elatllat View PostBut why this over any other vpn?
Or why a payed VPN at all?
VPN to your home if you are out, and get a better ISP if you don't trust yours, and Tribler or tor if you want
Furthermore, since nowadays almost everyone is behind one or more NATs of the ISP, the IP address is less useful than 10 years ago to trace an individual.
On the other hand, a per-window browser specific VPN would be a better isolating method for online privacy.
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Originally posted by board View PostThis video was brought to you by Mozilla VPN.
More information about the inherent problems of VPNs can be found here: https://gist.github.com/joepie91/5a9909939e6ce7d09e29
But most of its recommendations, well lemme be frank, is BS.
There is also no way you can verify the VPS provider does not steal your generated private key inside your VPS, and you can neither verify the chain of your tor nodes are not pile of traps (it happened before).
Let's not talk about differential privacy and DPI+machine learning. These tracking methods are easier to implement and harder to counter.
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Originally posted by Giovanni Fabbro View PostI'm saying if you value your privacy, you'd be smart to realize that centralizing your data behind a VPN is no better than leaving it with your ISP. The difference is, is that VPN in another country where you're not a citizen? Would you trust a foreign country with your browsing data more than your own?
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Originally posted by Giovanni Fabbro View Post
No. Cryptocurrency never looks good. I'd say cryptocurrency is like buying fool's gold, but fool's gold is an actual thing. Cryptocurrency is no different than money deposited into a bank account - it's just electrons aligned on a hard drive that can be manipulated on a whim. The real commodity in cryptocurrency is electricity to run the machines to store it. I had this discussion elsewhere....
The electricity bit more or less an unwanted, but still unsurpassed, side effect... (proof of stake didn't prove itself properly yet)
It's all about you being the bank yourself and having the ability to send to anyone else. Fiat money btw. is the same digital 1s and 0s in the end today. No difference but for the ability of some to "print" more on a whim and as you said manipulated on a whim. Proper cryptocurrencies actually enforce the fact that nobody but the private key holder can do the manipulation.
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Originally posted by Giovanni Fabbro View PostYou need electricity to drive Bitcoin and you need stable storage.
It's far easier to erase billions of "dollars worth" of Bitcoin with a faulty drive than it is to erase the value of a finite physical asset like gold.
In all cryptovalues EVERY SINGLE MINER has a copy of the full transaction log (the "block chain"), there is no way in hell that you can erase hundreds of thousands of drives all over the world like that.
I'd probably take the value of the precious metals in the failing hard drive over the worthless bits on it..
Apart from the fact that you (the user) don't store bitcoins on a hard drive, and all miners have a copy of the same transaction log of all transactions in the world, gold's "intrinsic value" is another completely BS concept. Gold's true intrinsic value as a resource isn't that much as it really does not serve a whole lot of purposes where you need a ton of it, most of its value is dictated by people's belief in it, just like diamonds or dollars.
Which is why it can swing in value by 200-300% up or down as economical or political situations change, and can also go down to zero in case "electricity and stable storage" disappear (and the current civilization collapses).
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