The Fringe | Conspiracy, News, Politics, and Fun Forum!

Full Version: Is BtCoin/the Blockchain about to Become Deceased?
You're currently viewing a stripped down version of our content. View the full version with proper formatting.
I posted this in my silver thread but it is worthy enough of its own.

SNIP
Researchers from the RWTH Aachen University, Germany found that around 1,600 files were currently stored in bitcoin’s blockchain. Of the files least eight were of sexual content, including one thought to be an image of child abuse and two that contain 274 links to child abuse content, 142 of which link to dark web services.

“Our analysis shows that certain content, eg, illegal pornography, can render the mere possession of a blockchain illegal,” the researchers wrote. “Although court rulings do not yet exist, legislative texts from countries such as Germany, the UK, or the USA suggest that illegal content such as [child abuse imagery] can make the blockchain illegal to possess for all users.”
END SNIP

BOLD IS MINE

https://www.theguardian.com/technology/2...al-content
I have some money invested in bitcoin, but I'm not betting on it big. BTW, miners are RUINING PC GAMING and custom built rigs! FUCK THOSE PEOPLE!!
Since they cannot kill the currency, killing the technology behind it is just as effective.

Or governments will use it to their advantage and plant illegal content into the ledger and start arrests for "possession" of the content.
(03-20-2018, 03:11 PM)Skyrison Wrote: [ -> ]I have some money invested in bitcoin, but I'm not betting on it big.  BTW, miners are RUINING PC GAMING and custom built rigs! FUCK THOSE PEOPLE!!

Scratchinghead can you explain that?
(03-20-2018, 04:42 PM)Ishtahota Wrote: [ -> ]
(03-20-2018, 03:11 PM)Skyrison Wrote: [ -> ]I have some money invested in bitcoin, but I'm not betting on it big.  BTW, miners are RUINING PC GAMING and custom built rigs! FUCK THOSE PEOPLE!!

Scratchinghead  can you explain that?

I second that motion because I have no idea myself....

Guest

(03-20-2018, 04:39 PM)Zetetic Wrote: [ -> ]Since they cannot kill the currency, killing the technology behind it is just as effective.

Or governments will use it to their advantage and plant illegal content into the ledger and start arrests for "possession" of the content.

People have been buying graphics cards for mining like crazy.  There are plenty of of cards available, they just cost twice of what they should.
Crypto-coins will come and go, but the core technology behind blockchain will remain. Besides peer to peer transactions, there are many beneficial uses for this technology in industry. Some of these crypto-coins are helping researchers understand vulnerabilities and inadequacies in existing algorithms. Take for example, Electroneum (ETN) which is a derivative of Monero (XMR) - this wallet technology was recently found to be flawed when it reaches millions of transactions. The crypto-currency exchange Cryptopia has had their Electroneum wallet down for around 2-3 weeks because the volume of transactions is so high, that when it became corrupted, the rebuild process cannot complete and soon the wallet corrupts again. (This is my summary of what is posted on their forum) The Electroneum developers are working to come up with a solution to solve this problem and the solution will likely become public, which will add to the improvement of future blockchain technologies. Being an IT consultant, I can think of a workaround for this issue by not using one master wallet and rotating between multiple wallets for deposits and retiring specific wallets when x number of transactions is reached. However, this is not a feasible long term approach and I am interested in seeing what researchers in this area come up with to resolve this permanently.
You're not going to make nearly enough money to overcome the risk aspect of it.

The opportunity to make real money passed long ago.

When assholes like the guy in the video below are making money...common sense should tell you the sharks already left the proverbial tank.



(03-20-2018, 09:10 PM)kaligula Wrote: [ -> ]You're not going to make nearly enough money to overcome the risk aspect of it.

The opportunity to make real money passed long ago.

When assholes like the guy in the video below are making money...common sense should tell you the sharks already left the proverbial tank.

https://www.youtube.com/watch?v=61i2iDz7u04

It's now kind of like taking stock advice from the shoeshine boy at this stage hey! History rhymes....
I was introduced to bitcoin recently after its inception, I avoided it (much to the chagrin of my wallet). Just like I avoided all the ICO's etc following it. I guess my gut is a deeper thinker then my brain (or wallet)...

QUOTE
Specifically, the NSA targeted Bitcoin through MONKEYROCKET, a sub-program of OAKSTAR, which tapped network equipment to gather data from the Middle East, Europe, South America, and Asia, according to classified descriptions. As of spring 2013, MONKEYROCKET was “the sole source of SIGDEV for the BITCOIN Targets,” the March 29, 2013 NSA report stated, using the term for signals intelligence development, “SIGDEV,” to indicate the agency had no other way to surveil Bitcoin users. The data obtained through MONKEYROCKET is described in the documents as “full take” surveillance, meaning the entirety of data passing through a network was examined and at least some entire data sessions were stored for later analysis.

Naturally, once the NSA got involved, the notion of anonymity - whether with bitcoin, or even some of the privacy-oriented coins like Zcash - was completely crushed.
CLOSE QUOTE

https://www.zerohedge.com/news/2018-03-2...nts-reveal