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On 9/11/2021 at 5:53 PM, Mercer said:

edit: in short, no. I'd suggest getting one anyway. You can even pay for up to 3 years of VPN access with crypto using NORD VPN.

 

Uniswap is a decentralized exchange. This makes it's legal status, and it's compliance with any local, state, or federal regulation irrelevant. Basically it's just an automated computer program that existing on Ethereum's blockchain, so basically on the entire internet.

 

There's no individual, or company that operates, or owns Uniswap for  the SEC (or any government org) to take take legal action against. At best, measures can be taken to censor the web addresses, which can be easily moved around, and changed. Because of this, and other known censorship redundancies, the best a government can do is severely limit access to the entire internet, and track down user's IP addresses which can also be masked.

 

Basically Uniswap and all DEX's are defined as a "Decentralized Autonomous Organizations (D.A.O. lol)" these programs operate mostly on the Ethereum's blockchain now, making them virtually impossible to censor. That is without crippling your own country by severely restricting internet access, financial suicide. Like bitcoin, nobody has bothered even trying to fight a D.A.O. (yet). Some governments do shut down, and severely restricted internet access for censorship reasons, but their citizens still have access to Uniswap, and Bitcoin for that matter simple by using a VPN.

 

 

Yeah I already got the VPN.  good looks with uniswap.

 

Man, I wanna get rich already, fuck work.  all this waiting is annoying.

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@misteraven

I’m assuming this is similar to Monero…

 

I considered buying some Monero a while ago as felt like an obvious direction for people to head in. 

 

Once you have someone’s wallet address, and unless everyone regularly changes their wallet address, surely a simple look up will tell you a list of all the places they have shopped at. 
 

 

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On 10/16/2021 at 7:31 AM, misteraven said:

Anyone here own any Pirate Chain? Seems  to me with the way things have been going, that an absolutely anonymous and private crypto might be the move. 
 

https://pirate.black

 

I don't own any, and I wouldn't recommend it (as an investment) to anyone for a few reasons. First, I should preface this by saying I'm sort of a maximalist having been in the game through more than one bull run. So full disclosure, there's a very good chance the next "big thing" will fly under my radar. Most of my early profits come from the ICO era in 2017 & 2018, from timing two shitcoins that sounded like they were far superior to existing chains like BTC/ETH (IOTA/EOS) but clearly were not. Like all shitcoins, my philosophy for the last 5 years has been hopping in, using them for their intended purpose, or short term profits, and then hopping back out. My strategy these days is focused on the longer term. With all that said, here's my reasoning why Pirate chain isn't something I'd endorse.

 

First reason, is hash rate. They don't have enough of it to be a safe chain IMO to operate. Chains with a much higher hash rate are being 51% attacked regularly. As a workaround to this vulnerability, they employ piggybacking their own delayed consensus using other chains, but that workaround comes with it's own flaws. Developers for the off chain consensus can shut down their piggy backing, and stop their chain from even being operational if they chose to. There's no reliable workaround for security. You either need the highest hash for your particular POS algorithm, or a proof of stake method of consensus.  Anything else presents at best a "slight" vulnerability that will, for sure, eventually be exploited once there's enough value at stake to exploit.

 

Monero is king of privacy, period. They're employment of ring signatures has proven to be solid. That's not to say zero knowledge proofs aren't awesome, because they're very useful. They'd be uncrackable (in theory) if they were mandatory for every transaction, or the vast majority of transactions on a given chain. Thing is, they'll never exceed Monero's privacy because they'll never has as many participants on their chain as Monero, who's had bounties on cracking their privacy for years from the IRC/SEC and still has never been cracked.

 

To be honest, my main reason for not liking Pirate Chain isn't technical at all. They're using the failed tactics of other shitcoin, rug pull projects. Namely, they spend a lot of money to get crypto, and crypto adjacent youtubers/podcasters to promote ARRR. This didn't work for Dash, and other shitcoin projects in the past that used treasury funds for marketing, and it for sure won't work now. In short, if their tech was revolutionary enough to actually matter, they wouldn't have to pay people to talk about it. I don't think this makes them any more shady, per-say. I just don't think there will ever be enough marketing funds to drive adoption to make their chain viable unless it's 100% a ponzi YOLO on their part. There are just too many other other zero knowledge proof chains, and privacy coins have such a huge head start in adoption.

 

It's hard to look at their chart and not smell shit, Look at that huge unnatural pump in March. This unnatural pump just so happened to coincided with their big marketing push as if it were all planned to get them on the map. I'm no Nostradamus, but I've seen enough charts to know with certainty what direction this chain is going moving forward, especially if/when we hit a bear market. I don't think they'll ever make it into the top 200, let alone top 50 where Monero has been since long before ARRR even existed.

 

1617056723_ScreenShot2021-10-21at8_45_21AM.thumb.png.469ab159ee62fb0554ae21865a991fb9.png 

 

 

The future of cryptocurrency privacy is going to be wrapped Bitcoin, and ZK rollups on ETH. I don't even recommend solid projects like Monero anymore for long, or short term investment. To me privacy coins are for two purposes, either for hop in and use it for dark-web purchases, or receive it, and hop back out as soon as possible. I keep an up to date Monero wallet just in case for this very reason, which I highly recommend, but haven't actually used it since 2018.

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1 hour ago, craig said:

@misteraven

I’m assuming this is similar to Monero…

 

I considered buying some Monero a while ago as felt like an obvious direction for people to head in. 

 

Once you have someone’s wallet address, and unless everyone regularly changes their wallet address, surely a simple look up will tell you a list of all the places they have shopped at. 
 

 

 

 

This isn't true, you'd need more than their just wallet address to know anything other than the transaction you've sent to that address yourself, which you would have to know already as the sender, or receiver. This is why they can give you a Monero address to send a ransom to safely. You'll only know the transaction you already knew of on your end. The IRS bounty for anyone able to crack Monero was upped to $650,000.00 back in September of 2020 and still exists.

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Bros what is my best bet - sell a portion and get my initial investment money back to make everything going forward profit?

 

Sell and take all profits just leaving my initial investment?

 

Just leave it alone and hope it keeps rising?

 

I have held stocks previously but this my first dive into crypto…….what are your strategies?

Edited by fat ralphy
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