Jews Destroy Crypto, No One Notices
(or maybe i'm just dumb, not sure)
Hm okay, let me see if I understand this one…
So this guy had an audit. They seized all kinds of cryptocurrency, and 'an unknown amount of Monero'. Why can't they tell how much Monero he had?
oops sorry
I still don't get why they can't tell how much he had, to be honest
To give a quick rundown, everyone holds the "blockchain" and the client that processes the transactions on their computer if they have a core client, which just means the real bitcoin client made before any exchanges or third party wallets developed to hold peoples currency. So its decentralized, they can shut down 50 people but the blockchain remains on everyones computers, constantly updating, it cant be shut down, it operates on its own without human intervention - or at least it operates by the miners running complex math problems with a sort of trial and error method of finding the specific code to unlock a block, thats my understanding anyways. So the miners are given the new coins, until they reach the limit which is like 24 million bitcoin for example I think, 48m Litecoin, each one is different. At the limit, they get paid in the transaction fees instead of new coins, and those fees will be worth a lot of money.
Mining is its own thing, not super relevant, getting off topic. So yea its totally uncontrolled by kikes, has a finite supply - so the earlier you buy the more profit you will make, pretty much forever, or until Bitcoin is replaced by something that can handle 1000 transactions per second instead of only like 50 - which will likely happen eventually.
They want to kike all this and replace it with a non-blockchain coin, thats centralized, favors Jewish regulation and does everything it can to accommodate banks. Banks love it, theyre buying it, theyre trading with it. Bitcoin was supposed to do that, but its decentralized so they couldnt have that. Theyre trying to undermine cryptos use case and keep it marginalized with their Jew regulations and the associated Jew regulation coin.
They would have had his wallet keys on the computer but were unable to get into his account, my guess. Monero has a password on top of the keys, it can be a very long one so as to prevent quantum computers from hacking it.
Really dont know why I keep getting saged.
Thank you, my understanding of this was shaky at best.
oy vey
This seems like huge news. I guess not enough people understand it enough to care.
Gotcha. I guess that makes Monero the most decentralized, unkiked crypto?
I swear to God the lengths to which some of you guys will go to find a secret Jewish plot is completely ridiculous. This is the kind of shit that made the term "wingnut" come into use.
OP IS AN ILLITERATE FAGGOT
From the article:
The entire point of limiting ICOs to accredited investors is to prevent a constant stream of worthless shitcoins being created by scammers to inflate the value via ICO sales and then dump them all. Allowing this would destroy the cryptocurrency market by undermining trust in coins as a whole.
THERE IS NOTHING IN THIS ARTICLE TALKING ABOUT BANNING CRYPTO SALES TO ANYONE BUT JEWS.
CONGRESS DOESN'T WANT THEM REGULATED
THE S.E.C. DOESN'T REGULATE CRYPTOCOINS OTHERWISE
THIS ENTIRE THREAD IS DISINFORMATION
Well its ambiguous who is more decentralized than another, they all operate on peoples computers but theres a concept called a "51% attack" where if one person or one combined entity or collaborating force owns 51% of all the coins, they form the consensus on new transactions and can actually "double spend" or effectively create new coins out of thin air, when they send money to an account but dont lose the money from their sending account. They then normally sell all those coins on an exchange and tank the price.
So some of these coins have like 1% who own 90% sort of thing, its totally possible a couple of them could get together and fuck the whole network over, even a government could hypothetically do that - to a single coin - if they started buying it all up for billions of dollars. Even still, it could be forked prior to that happening Im sure.
So Dash for example has a wallet that owns more than 51%, 1 guy, or exchange, or mining outfit or whatever could fuck the network over today if they desired. The more the currency is held in the hands of a tiny few, the less decentralized it truly is, as the power is centralized in one location.
So you need the numbers for that, Monero however is mined by cryptojacking bots, everyones mining it, websites mine it, its all over. Likely very decentralized.
Its fucking nothing. You also just defended the "stupid goyim cant be trusted with their own money" garbage likely knowing full well that MONEY IS SPEECH