In the comments to The 15 Most Valuable Bitcoin Addresses, The Underdog notes:

This is a shallow, empty, meaningless article, that basically screams to anyone paying attention that: all your transactions are public.

The thing to pay attention to here is this is a one-way trap: the moment the wallet address ID gets associated to your name (think ‘mark of the beast’ or so-called “biometric security”), all of your transaction history becomes retroactively public.

Lets say I’m evil FBI agent #320, and I run #AlQaedaSockAccountProxy. All I have to do to incriminate you is either:

A) Send you a “donation” from my US gov financed sock account of a terrorist org, or

B) Convince (trick) you into donating, such as pretending to be a poor, poor orphan dying from AIDs in Africa, or something (you know, usual charity scams all the gullible NPCs fall for)

Once that’s done, ‘evidence, mi’lord, that the person has financial ties to a terrorist organisation’ become public knowledge, and suddenly you can be convicted.

Continue reading Bitcoin offers zero privacy: vulnerable to entrapment and confiscation at uncoy.

US Government Moves Nearly 10k Bitcoin Worth Over $300 Million Related To Silk Road Seizure:

Initially, approximately 9,825 of the Bitcoin associated with the Silk Road seizure moved in a pair of transactions sent to three addresses at around 1:00 pm UTC. The bulk of the coins — 8,200 BTC worth nearly $250 million as of the time of this article’s publication — were sent to a single address, which subsequently split the total amount across 101 separate addresses a little over an hour later:

GenXXL makes the ironic point.

buh muh digital tulips are immune to government interference

Imaverb answers rotely:

Silk guys handed it over.

Yes, they did hand over their bitcoin, in exchange for reduced sentences. There is no secure store of value.

That’s the whole point about Bitcoin.

Continue reading US Government sells off $300 million of SilkRoad bitcoin: Secure and Anonymous at uncoy.

In the comments to Cryptos – waiting for the bids… super elite notes:

A Brief History of Ponzi

Charles Ponzi became famous as a result of the mania he created in 1920 in the midst of the post World War depression. His scheme involved convincing the public that he had a profitable business (arbitraging price differentials in International Reply Coupons, or IRCs). But the market for IRCs was too tiny to plausibly support the many millions of profit that Charles Ponzi claimed to be making, so suspicions grew and his scheme collapsed. He started with nearly nothing, made millions, lost the faith of his investors, and finally pled guilty all in the same year.

The stock market mania in the 1920’s then led to the Great Depression, and in the 1930’s a chain letter craze swept across the US.

Continue reading Is cryptocurrency, i.e. Bitcoin, a Ponzi scheme? at uncoy.

People are paying $300,000 to be named as the owner of this piece of publicly available (questionable) art.

Apparently this left space for the sales team to make a two decimal point typo and sell the NFT for 0.75 of an ethereum coin instead of 75 ethereum. In the real world, clerical price errors like this are usually undoable on high ticket items. Not so in the dog-eat-dog digital world. The sale happened instantly, with no redos.

In the comments to “Bored Ape” NFT Sells For Just 1% Of Expected $300,000 Price Tag After Fat Finger Listing, [jzerohedge](https://www.zerohedge.com/markets/bored-ape-nft-sells-just-1-expected-300000-price-tag-after-fat-finger-listing) notes:

The fact that people buy things like this and bitcoin shows just how stupid we all are and is the reason why all of these psyops by TPTB work so well.

It is things like this that they use to measure the stupidity of the people.

Continue reading “Bored Ape” NFT Sells For Just 1% Of Expected $300,000 Price Tag at uncoy.