Scammers hacked the late actor Matthew Perry’s Twitter account and posted a fake plea for cryptocurrency donations in the name of his foundation. The foundation confirmed the post was a scam and urged people not to donate.
The article details several possibilities for how the account may have been compromised, highlighting the importance of strong passwords and multi-factor authentication for securing social media accounts, especially for celebrities with large followings.
That user only represents some of crypto. There are others like myself who are not in it to get rich, but to maintain sovereignty in a surveillance state and dystopian world such as we are heading for.
Then you’re in trouble.
You can easily be watched by police when you’re using cryptocurrency, so an entire surveillance state should have no problem.
https://time.com/6239364/crypto-criminals-andy-greenberg/
Not all blockchains are public.
Fine. Which one can people be absolutely sure a nation state can’t watch them use?
They mentioned it in your article. Monero.
So because the article says so, it’s definitely the case?
Fair point, I did my own research and came to the same conclusion and have been active in the Monero community. However, don’t take my word for it, do the reading yourself, and I think you will come to the same conclusion. The article mentioned zcash too which is not private as they are willing to change their code to stay complient with governmyth surveillance demands and therefore have no ethos. monero was just delisted from binance a few days ago because the community refused to comply with demands to hurt user privacy. This IMO shows backbone.
Having to do this sort of research just to discover which crypto currency you can’t actually know for sure that a nation state can’t watch but it seems like it might not seems like crypto currency isn’t the best way to guarantee anonymity compared to, say, a suitcase full of cash.
And suitcases full of cash are great, until such time that cash is completely eliminated, which it is well on its way to being, and until you need to leave your country in a hurry, such as Cuba or Venezuela, for example, and are not allowed to carry cash across the border with you. With Crypto, you only have to remember between 12 and 25 words, and you can take your money anywhere on the planet in your brain.
Sorry but if it is available for anyone to use its public, you can’t use a blockchain currency without downloading and referencing the block chain. Something that can NOT be changed by you or I
Replace blockchain with ledger, because that is what it is. It is no more secure than using a fucking bank card.
Seriously how fucking stupid are all of you people?
Do me a favor and look up Monero Ring CT and stealth addresses. It’s not totally private, but if you are one of sixteen, there is a very low chance of being identified, and the more transactions away you are, the lower the chance of being identified properly. Also, full membership proofs are in the works, which would make the possible transaction part of every other transaction on the chain up until that point. And there won’t be a way to easily trace.
Edit: i did the work for you.
RingCT: https://www.getmonero.org/resources/moneropedia/ringCT.html
Stealth address: https://www.getmonero.org/resources/moneropedia/stealthaddress.html
Ring signatures: https://www.getmonero.org/resources/moneropedia/ringsignatures.html
You assume that crypto is some “honest” and “for the people” currency system because its all documented in the blockchain, when in reality it is gamed by big banks, investors and scammers just like other financial tool where a lot of money is involved and no or insufficiant regulations are in place. If Elon tweets “you can no longer buy tesla withy bitcoin”, your savings will loose a lot of value over night.