Check Elon’s basement

I know plenty of people with a critical outlook on crypto who have a clue what they are talking about.

I shouldn’t feed the troll, but there is a teachable moment here.

Crypto transactions that are direct on a Blockchain, by design, are immutable. Once they are validated in a block, and future blocks are validated on top of that, it is impossible for any entity to change that history unless they control a majority of the validation power of that network. Yes, even the NSA can’t do it. It’s math.

Yes, if the government wants your crypto, it will get it. But the only way to do that is to obtain your private keys. It cannot reverse a transaction, nor reverse-engineer your private keys from a transaction. Yes, not even the NSA can do it. It’s math.

Governments do have other tools at their disposal. But those tools must center on obtaining the key. They cannot “hack” it any other way.

Sir, this is a Wendy’s…

SSDs are getting more economical, particularly in the quantities cloud providers buy them in. Wear leveling is getting much better, they are more power efficient, and they have no moving parts to break. It won’t surprise me if a lot of cloud storage is on SSDs, and we might not have spinning rust at all in a few years.

Well, nothing anyone says is going to convince you, because you’re obviously correct. How silly of me to question you!

No, but if the US government sends money into your bank account, they can just as easily take it back.

https://www.forbes.com/sites/antoniopequenoiv/2025/02/12/trump-administration-takes-back-80-million-in-fema-money-from-nycs-bank-accounts-city-alleges-highway-robbery/

Crypto was designed to be a peer-to-peer method for immutable transactions. Crypto transactions are irreversible, even for governments.

I’ve used crypto for legitimate transactions in the past. It bailed me out once, big time, when I had to top up a foreign SIM card while abroad and their website wouldn’t take my US credit card. I found a site selling top-up codes that took crypto and sent some from my phone, and I was back in business. (The site was legit, but even if it turned out to be a scam I knew they could never take anything more than what I sent them because of the way crypto worked.) But this was back when people were still using it to transact.

The worst thing that ever happened to law-abiding people using crypto was when it’s price zoomed up. Because for all those early adopters, every individual transaction now has a considerble capital gain attached. That’s why people don’t spend crypto anymore, because it’s been turned by the market into a Store of Value. (And by developers, but that’s a different thread).

This seems to be all about a technicality involving how these sanctions are applied. Sanctions are meant to be applied to people and the companies they run, and a US court ruled that these sanctions couldn’t be applied to a smart contract because it’s just a bunch of code, and not the property of a sanctioned individual. This ruling was made back in November, they are just getting around now to removing the sanctions. From what I can tell, the sanctions against the people involved in running the service are still in effect.

I can see right through that one

Sorry, didn’t realize you were a dev. Good luck!

(Although if I were you, I would migrate away from any hosting of anything related to the project that is owned by a US entity.)

Yes, all that is correct, but that doesn’t mean they won’t try anyway. You don’t necessarily need to be correct on the law in America to win, you just need to have the resources to pay more lawyers than the other side.

It’s hosted on Github, all it takes is a few billable hours for Reddit to send Github a cease and decist letter and … poof … the repo goes away unless Github decides to challenge (and they won’t challenge, nor will they bother asking the maintainer before killing it).

Did someone make a phone app out of the code? All it takes is a similar letter to Google and Apple to resolve that. Yes, the app developer can challenge it with them, but don’t expect to get very far.

Just a few billable hours can severely impact the reach of this project, even if the project is fully open source and thus allowed to be forked. You don’t need to be correct to send a C&D letter, in most cases the other party caves right away before challenging it.

So if you like the project, make sure to maintain your own private copy of the Github repo. It may not be there forever.

More like “Suedit”. Reddit has a lot of money for lawyers now, and will aggressively go after anything that looks like it, even if the look is old.

These agencies are sometimes able to retrieve stolen funds. In the case of the Colonial Pipeline ransomware attack in 2021, the Department of Justice (DOJ) was eventually able to recover almost 85% of the bitcoin (BTC) ransom paid to Russian cybercriminal group Darkside. It’s unclear how investigators obtained the hacking group’s private keys.

Probably the old-fashioned way

I can believe areas of the White House have no cell service, on purpose. Remember when they found those fake cell towers around DC?

https://www.wired.com/story/dcs-stingray-dhs-surveillance/

I bet at some point they installed some cell phone jammers specifically to limit the amount of foreign spying that could be done by fake towers, and they simply “forgot” to tell the incoming Trump administration…

She’s fake, she can be whatever she wants to be.

But in the US (and I assume in Canada), many people identify based on where their ancestors came from, even if they came over several generations back, as long as their family still associated with that country’s culture. Because let’s face it, unless you have native heritage your ancestors came here from somewhere.

More like crack-smoking mods…

I found the perfect way to not get banned from Reddit: simply don’t go there.

This particular decline was caused by a bunch of insiders, including one greedy pigboy, selling some of their shares.

That’s not necessarily a sign of any problems at the company, though. These insiders are probably carrying this equity from before it ever went public and sell shares periodically as part of their (insane) compensation. For instance, the aforementioned greedy little pigboy sold $2m according to that article, but still holds more than $90m at current valuations.

Welcome!