this post was submitted on 22 Jun 2024
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[–] [email protected] 132 points 4 months ago (8 children)

I was shooting heroin and reading “The Fountainhead” in the front seat of my privately owned police cruiser when a call came in. I put a quarter in the radio to activate it. It was the chief.

“Bad news, detective. We got a situation.”

“What? Is the mayor trying to ban trans fats again?”

“Worse. Somebody just stole four hundred and forty-seven million dollars’ worth of bitcoins.”

The heroin needle practically fell out of my arm. “What kind of monster would do something like that? Bitcoins are the ultimate currency: virtual, anonymous, stateless. They represent true economic freedom, not subject to arbitrary manipulation by any government. Do we have any leads?”

“Not yet. But mark my words: we’re going to figure out who did this and we’re going to take them down … provided someone pays us a fair market rate to do so.”

“Easy, chief,” I said. “Any rate the market offers is, by definition, fair.”

He laughed. “That’s why you’re the best I got, Lisowski. Now you get out there and find those bitcoins.”

“Don’t worry,” I said. “I’m on it.”

I put a quarter in the siren. Ten minutes later, I was on the scene. It was a normal office building, strangled on all sides by public sidewalks. I hopped over them and went inside.

“Home Depot™ Presents the Police!®” I said, flashing my badge and my gun and a small picture of Ron Paul. “Nobody move unless you want to!” They didn’t.

“Now, which one of you punks is going to pay me to investigate this crime?” No one spoke up.

“Come on,” I said. “Don’t you all understand that the protection of private property is the foundation of all personal liberty?”

It didn’t seem like they did.

“Seriously, guys. Without a strong economic motivator, I’m just going to stand here and not solve this case. Cash is fine, but I prefer being paid in gold bullion or autographed Penn Jillette posters.”

Nothing. These people were stonewalling me. It almost seemed like they didn’t care that a fortune in computer money invented to buy drugs was missing.

I figured I could wait them out. I lit several cigarettes indoors. A pregnant lady coughed, and I told her that secondhand smoke is a myth. Just then, a man in glasses made a break for it.

“Subway™ Eat Fresh and Freeze, Scumbag!®” I yelled.

Too late. He was already out the front door. I went after him.

“Stop right there!” I yelled as I ran. He was faster than me because I always try to avoid stepping on public sidewalks. Our country needs a private-sidewalk voucher system, but, thanks to the incestuous interplay between our corrupt federal government and the public-sidewalk lobby, it will never happen.

I was losing him. “Listen, I’ll pay you to stop!” I yelled. “What would you consider an appropriate price point for stopping? I’ll offer you a thirteenth of an ounce of gold and a gently worn ‘Bob Barr ‘08’ extra-large long-sleeved men’s T-shirt!”

He turned. In his hand was a revolver that the Constitution said he had every right to own. He fired at me and missed. I pulled my own gun, put a quarter in it, and fired back. The bullet lodged in a U.S.P.S. mailbox less than a foot from his head. I shot the mailbox again, on purpose.

“All right, all right!” the man yelled, throwing down his weapon. “I give up, cop! I confess: I took the bitcoins.”

“Why’d you do it?” I asked, as I slapped a pair of Oikos™ Greek Yogurt Presents Handcuffs® on the guy.

“Because I was afraid.”

“Afraid?”

“Afraid of an economic future free from the pernicious meddling of central bankers,” he said. “I’m a central banker.”

I wanted to coldcock the guy. Years ago, a central banker killed my partner. Instead, I shook my head.

“Let this be a message to all your central-banker friends out on the street,” I said. “No matter how many bitcoins you steal, you’ll never take away the dream of an open society based on the principles of personal and economic freedom.”

He nodded, because he knew I was right. Then he swiped his credit card to pay me for arresting him.

[–] CaptainSpaceman 42 points 4 months ago

Libertarian Utopia copypasta is 🧑‍🍳💋

[–] [email protected] 26 points 4 months ago

I always read it start to finish. Never gets old.

[–] 1800doctorb 18 points 4 months ago

Every time he put a quarter in something I chuckled. Except nowadays it would all be subscription based with forced auto renew.

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[–] [email protected] 66 points 4 months ago (1 children)

Everyone associated with Facebook is a horrible human being.

Whoda thunk it....

[–] WhatAmLemmy 36 points 4 months ago (2 children)

Rich kids turn out to be assholes!?!

[–] [email protected] 2 points 4 months ago

It makes sense. I'm pretty sure I'd be a total asshole if I were rich. No worries on that front, though. I'm not going to be rich. Ever.

[–] [email protected] 2 points 4 months ago

At first I read it as turned into and I was like ??? but then I read it again and it made sense.

[–] kescusay 50 points 4 months ago (27 children)

Of course they did. Scam money for a scam presidential candidate.

[–] TheDannysaur 3 points 4 months ago

I'm never sure how to approach crypto on these platforms, because it's rare to get a nuanced take.

I've moved past bitcoin to ethereum, I think it answers a lot of the criticisms.

I try not to get caught up on whether or not it's a currency, store of value, or most other definitions. I just approach it from, is it a good product?

I'm in the middle on things such as money laundering or criminal activity. On one hand, the ledger system makes it incredibly easy to trace back transactions if someone ever messes up. On the other it serves a similar function as cash except you don't have the physical weight, which is non trivial to transport. I know some criminals have to have used it successfully.

Crypto is hard. There's so many goddamn scams and stuff like NFTs that could be a good idea if they got the weight of enforcement, but there's no real enforcement mechanism. We have silly slips of paper that say whether we own things, I don't think it's a stretch to say we could make them digital with the right implementation. But those silly slips of paper hold the weight of law behind the. NFTs have no one to enforce anything, thus are useless.

I'm always afraid to open this up on this platform because there's so many non nuanced takes, and people writing just the same criticisms. I'm hoping to have a good discussion, and I'm open to other opinions on it. But I haven't found an argument that makes me think Ethereum is a problem or something to avoid. It's certainly risky, but I think that risk is justified to the level of which I hold it.

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[–] [email protected] 25 points 4 months ago (1 children)

fucking winklevoss twins goddamn rowing the boat fuck yo shit

[–] skeezix 4 points 4 months ago

Can you see their winkles?

[–] dhork 15 points 4 months ago* (last edited 4 months ago) (1 children)

I follow crypto, and Biden's SEC has been inconsistent in its crypto policies. I think Gary Gensler thinks he's a crypto expert, but gets a lot of it wrong. Still, though, even the US crypto exchanges asking for regulatory clarity have been playing loose with the rules a bit. The article mentions New York State's beef with Coinbase, but that was in regards to its "Earn" products, which attempt to tie deposits with "rewards", and convince people those rewards are the same thing as interest on their savings accounts. They aren't really, even in Proof-of-Stake coins which are the closest thing.

But make no mistake, the only reason Trump now likes crypto is it allows foreign actors to contribute to his campaign while disguising the source of the funds. And since Trump has captured the RNC, any donation to his campaign is a donation directly to him and his legal fund. The Winklevii are US citizens, so they are not obligated to hide their contributions. They must realize that a good portion of that contribution goes directly into Trump's pocket. That's the only reasonable explanation for announcing this publically -- in case Trump wins, they want their transaction formally recorded, and they will expect Trump to deliver.

[–] [email protected] 4 points 4 months ago (1 children)

Does Trump then sell BTC for USD on an exchange and then pay tax on it? Why didn't the Winklevii just send USD?

I don't get this use-case for BTC, overbanking the overbanked.

[–] dhork 4 points 4 months ago* (last edited 4 months ago) (1 children)

The Winklevii sent BTC because they have a buttload of it, bought at a very low price. Their actual cost for that donation is basically the long-term capital gains tax (and maybe not even that if their accountants are creative).

And yes, Trump (or his campaign) have to convert that to fiat at an exchange. (Probably Gemini, owned by the Winklevii.) But the key thing is that with Crypto, they have no way of knowing where the donations are actually coming from. Someone in Saudi Arabia or Russia could be filling out donations forms through a VPN, and list their location as Branson, MO, and there would be no way for anyone to prove it wasn't really from Branson. (Maybe if they were careless and reused BTC addresses. Some Monero shill will probably reply and make sure everyone knows how Monero is even better at money laundering....)

[–] [email protected] 2 points 4 months ago* (last edited 4 months ago) (1 children)

I mean just because you say some pithy thing at the end doesn't make it wrong. Nobody should still think, in 2024, that Bitcoin is in any way anonymous. If you want privacy you don't use Bitcoin.

I guess that makes me a shill for Monero 🙄

[–] dhork 1 points 4 months ago (1 children)

Bitcoin is pseudonomynous. If you are careful it can be anonymous but that is not a guarantee.

Monero is anonymous, as anyone who uses it will remind you about, repeatly. Monero users are the vegans of crypto.

[–] VictoriaAScharleau 2 points 4 months ago (1 children)

i thought monero's mixer was show to be susceptible to poisoning.

[–] [email protected] 1 points 4 months ago (1 children)

I'm not sure I understand the question... Monero doesn't need a "mixer," that's kind of the entire point. You swap your BTC (or literally anything, shoutout to godex.io) for XMR and poof, it's gone.

Unless someone gets physical access to your wallet keys, there is no way for anyone to know where that money went, where it came from, or where it will go in the future. For all intents and purposes, it's invisible.

[–] VictoriaAScharleau 2 points 4 months ago (1 children)

I seem to recall that the anonymity of car is based on obscuring transactions through bundling, but that method was deanonymized by poisoning wallrts somehow. this was like 10 years ago so my memory is fuzzy.

[–] [email protected] 1 points 4 months ago* (last edited 4 months ago)

I seem to recall that the anonymity of car is based on obscuring transactions through bundling

Car? Autocorrect maybe?

I'm not XMR fanboy or expert, and it is some beautiful mathematics, but wayyyyyy over my head. That said, you might be referring to "ring signatures" that I guess you could say "bundles" the transactions together but that would be far too reductive, it's way cooler and more complicated than that.

If I recall, there was talk of possible attack vectors, so they made it even more private. I'll let wiki explain:

The transaction outputs, or notes, of users sending Monero are obfuscated through ring signatures, which groups a sender's outputs with other decoy outputs.[14] Encryption of transaction amounts began in 2017 with the implementation of ring confidential transactions (RingCTs).[8][15] Developers also implemented a zero-knowledge proof method, "Bulletproofs", which guarantee a transaction occurred without revealing its value.[16] Monero recipients are protected through "stealth addresses", addresses generated by users to receive funds, but untraceable to an owner by a network observer.[8] These privacy features are enforced on the network by default.[8]

https://en.wikipedia.org/wiki/Monero#Privacy

So it looks like it was 2017 when they changed things. I know there was some discussion of switching from RingCTs to zk-SNARK (a form of "zero-knowledge proof") which, in and of itself, is an amazing cryptographic concept. I implore you to check out the wiki on it if you have any interest in cryptography or mathematics I think it's brilliant: https://en.wikipedia.org/wiki/Zero-knowledge_proof

So yeah, according to wiki, it seems as though they adopted zero-knowledge proofs... So not only ring signatures, but RingCTs (encrypted), plus ZKP, makes Monero pretty impenetrable. Which I think is cool af. As an engineer, I like seeing a typically abstract field/form of math be used in practical, real-world examples, as it doesn't happen often.

[–] Rapidcreek 13 points 4 months ago (1 children)

Lawyers love getting paid in Bitcoin. /s

[–] cyd 9 points 4 months ago

Saul Goodman probably would...

[–] givesomefucks 9 points 4 months ago (1 children)

We should be fighting as hard as we can to get money out of politics...

[–] [email protected] 2 points 4 months ago

I'm starting a Super PAC aimed at doing just that. Stay tuned for details.

[–] Cosmicomical 8 points 4 months ago* (last edited 4 months ago)

Oh so that's why he was defending bitcoin the other day

[–] [email protected] 6 points 4 months ago

Biden is against crypto? Maybe he’s not as old and out of touch as we thought

[–] jordanlund 5 points 4 months ago

For a second there I was thinking "wait, the guys with the fucked up plastic surgery? Well clearly they have a history of good decisions..." but no, that's the Bogdanoff twins, not the Winklevoss twins.

Weirdly, all involved in crypto...

https://finance.yahoo.com/news/wall-street-bets-mourns-loss-151311577.html

[–] [email protected] 4 points 4 months ago
[–] [email protected] 4 points 4 months ago
[–] Supervisor194 3 points 4 months ago

Trump loves crypto now? Oh that will guarantee a win.

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