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May 24, 2024, 03:00:49 PM *
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101  Economy / Trading Discussion / Re: Started testing the waters in futures trading on: February 09, 2023, 12:23:58 AM
Yeah I feel a lot på signal groups that provided good signals used to get paid to add enough bad that they could heighten the highest bidder's pump and dump scheme.

If there's a strategy the friend taught your or if the signals are coming from a strategy (such as an indicator - preferably a few together - or support and resistance) then it's a lot less risky.

Compared to a lot of products offered in crypto, I don't think futures trading is the way to go anymore.
102  Alternate cryptocurrencies / Altcoin Discussion / Re: Can someone please explain Revoke dot Cash for me better? on: February 09, 2023, 12:14:33 AM
As for the unlimited allowance, you basically give someone else complete authorization to spend as many tokens as they want without restrictions. It is like an open chest box that any malicious person can access and spend whatever that wallet contains.

Do note that this may happen only when there are vulnerabilities found in smart contracts.

I bought some axies a while ago on the axie marketplace and they used a "spend up to x eth" on their smart contracts for buying axies.

Also some dapps are just badly coded so it could be a vulnerability or just an issue with the site (whether you risk signing it depends on what you're doing and if your wallet is fresh and with a limited budget that's close to what you're trying to buy in value anyway).
103  Other / Beginners & Help / Re: Crypto transaction aggregator for income tax purposes on: February 09, 2023, 12:02:55 AM
I do think exchanges should start to offer these sorts of services themselves as it makes things very hard to declare and to actually work out what you've made an income/profit on (the good exchanges do seem fairly helpful though and a message to their support might get you what you need fast enough if they can).

There's a few places online but if you go down that route I don't think I'd rely on just one (and make sure you anonymise things as much as possible for uploading them to any website -> and use a vpn where you can).
104  Bitcoin / Bitcoin Discussion / Re: Craig Wright loses Bitcoin Copyright at England and Wales High Court Division on: February 08, 2023, 11:54:10 PM
There's more they have to apply for when cases are brought against people out of jurisdiction so it's fairly rare that it's done in the UK - it seems quite good they said the bit about it being fanciful or of the claim being real as it means the judge didn't consider CSW to have a legitimate claim (I assume it could also have been thrown out due to the difficultly in serving international summons).
105  Bitcoin / Bitcoin Discussion / Re: Teaching children Bitcoin is not in vain on: February 08, 2023, 11:45:11 PM
I saw a youth group watch a video on the history of money a few days ago and was quite surprised by bitcoin/cryptocurrency getting a mention. It also mentioned visa and I assume 50 years ago people would say the same about that.

I think it's going to have to be something covered soon by the education system or they'll start leaving people behind and more prone to manipulation from wealthier people that pretend to be philanthropic or are actually deluded.
106  Economy / Trading Discussion / Re: Time to buy or sell? on: February 08, 2023, 05:24:12 AM

According to the following image, is it the Pennant?

I generally think it's better to be able to spot a pattern than it is to name it. It becomes a lot easier to find new ones that work well if you can teach yourself how to spot them and test they'll be successful (only going off what you have seen in the past - don't try to randomly guess things it's a skill that takes a long time to develop).

In this example I wonder why you've called it a pennant and not a "measured move up", they would both act very similar but I think the latter would be easier to trade because you're not waiting to a lower low like the pennant implies.
107  Bitcoin / Hardware wallets / Re: Trezor CoinJoin Testing on: February 08, 2023, 05:11:56 AM
Sounds like interesting news and also a bit of a strange change of direction for a company who obliged to give users the opportunity to denonymise themselves in the Netherlands a few years back with one of their updates (only took them a few days to decide to roll that back).

I was eagerly expecting to finally be able to test the coinjoin functionality but I have got no Trezor Model T.  Sad
I hope Satoshilabs can find a solution to give support to its original model, it would be a pity if they started to neglect it right when the most exciting parts of this technology are supposed to be at the reach of those with a tight budget.

It sounds like it'll become available on both soon enough. I'd be happy with the idea model T gets it a few months (3-6) before the one gets it (it's not like we're paying a subscription or anything either for these updates).
108  Economy / Services / Re: - NEED HELP WITH CREATING A WEBSITE/ FORUM - on: February 08, 2023, 05:03:43 AM
There are quite a few options you have for hosting a forum. One of the main ones is the software this forum uses called smf (or simple machines forum). There are a lot of other open source forums out there you can easily install and configure yourself (as they're designed to be used like that). As well as remembering your passwords as mentioned above, be sure to use ones that are hard to guess.

There's also a lot of hosting providers that'll let you lease/run forum software from their servers and they'll maintain it for you too and fix bugs when the fixes become available from the developers.

Typically speaking, if you spend about a day learning how to use the command line on Linux, you'll be able to set one up yourself really easily and can then get full control and customisation of it.
109  Bitcoin / Bitcoin Technical Support / Re: The benefit of serving as a node on: February 07, 2023, 05:40:28 AM
I've been learning about the structure of the Bitcoin network, and I'm really curious in how anonymous and decentralized it is. I have a couple parts that are unclear. I hope my questions are valid
The Bitcoin network is not anonymous, bitcoin nodes need to know IP-addresses of other nodes in order to find them and communicate. But metadata like that allows for determination of approximate location and other personal infofmation, such as system configuration. Bitcoin transactions are also not anonymous, because the blockchain needs to be transparent and auditable to eliminate trust requirements.
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You can take steps to improve your anonymity though, for example you can use tor+ a vpn/bridge.



I think one of the main advantages of having your own node is reducing the chances of your wallet addresses being linked together (as they can be linked when using spv wallets like electrum by the server you're connecting to). If you connect to an spv client without a vpn/tor they may be able to link those funds to your physical location too (there's nothing to suggest this has ever been done yet though).
110  Bitcoin / Bitcoin Discussion / Re: Gavin Andresen calls it a "mistake" to trust CSW on: February 06, 2023, 04:16:25 PM
I am just finding out that Gavin Andresen was in support of Faketoshi being Satoshi the real creator of BTC. I know it has been a very long time, since 2016, and maybe Gavin has now found out all of Faketoshi's lies, but i still think this new additional paragraph doesn't totally dismiss Faketoshi's claims,

I wasn't really taken seriously by the crypto community at the time and they seemed a lot like they didn't care. There might also have been a mod/dev or two on here that knew more about what was going on because discussions didn't seem to gain much traction.

I don't know too much about legal matters, but if you have signed something that means you have to stay silent on an issue, what if you later find out that the person actually lied to you, are you still bound to stay silent and will you face legal charges if you decide not to stay silent again?

This is likely dependent on where the contract was signed, where the contract was enforced and how explicit the contract was. Also considering this might've been potential identity theft on the part of the faketoshis it's possible something like that wasn't valid in Australia to begin with (CSW was from aus iirc).
111  Economy / Economics / Re: America's Egg Shortage Is About to Get a Whole Lot Worse on: February 06, 2023, 03:59:08 PM
Are things qorse in the US because of chicken concentration? There were laws passed in Europe that now mean many caged eggs come from chickens that live in better quality than free range American ones. If chickens are kpet in crowded spaces they're probably going to end up spreading infection way faster than if they were allowed to roam but their chance of picking it up at first  was likely lower.

Eggs do seem cheaper than they should be (in the UK it felt like the packaging was more expensive than the eggs with 18 eggs only costing double what 6 did).

There's a lot of solutions to this problem though, one might be buying eggs and incubating them yourself and another would be to get larger birds on laying eggs so you can charge a higher price (either by selectively breading larger eggs or by selling eggs from a larger animal). There could also be moves to remove eggs from recipes (ie cakes can survive off gluten instead).
112  Economy / Economics / Re: Given the declining trend of inflation, will FED freeze the interest rates ? on: February 05, 2023, 09:30:31 PM
I think the FED will likely go silent if they were planning to freeze interest rates. Starting a spending spree after only just getting control of inflation would make it spiral again (its tentative in some cases as to whether inflation goes up further still too).

Perhaps multiple consecutive votes from central banks not to raise interest rates is the most positive thing we can expect short term (and then just see from there as to what happens next). Most silence/lack of attention will probably mean markets go back to making stable/rallying gains by the end of this year or the start of the next.
113  Other / Beginners & Help / Re: A good way to start this journey? on: February 05, 2023, 12:24:57 PM
If you're fairly new to crypto/here, the best thing I'd recommend doing to determine trust is to see how long a company has been running and then search for its reputation (places like reddit seem fairly good for that if something is old enough or well known enough then it'll probably have a thread there). One scam report should be enough to make you leave though (unless you really have to it's not worth the risk).
114  Bitcoin / Bitcoin Discussion / Re: Any new development in bitcoin since it existence? on: February 05, 2023, 12:19:41 PM
There's been a lot! Do much the original releases of the bitcoin client can't connect or interact with the network anymore. Versions below bitcoin core 8.8 are also the same.

For major improvements, there's been taproot, segwit and multisig (in reverse chronological order - multisig was first). There's also been things like paying to addresses (to make bitcoin identifiers shorter and quantum proof).

115  Other / Meta / Re: Good move or nah? on: February 03, 2023, 04:40:59 PM
I joined the forum.when I was 14. It wasn't a greatly welcoming environment (but it improves once people expect you to stay and once you engage a bit more) but if he knows he's anonymous and how to keep himself that way then I think it's fine.

Not welcoming and not fun are two very different things- it was still fun.

You could also wait a year or two and try again. If he's interested in crypto perhaps a natural discovery is the best way to go about some thing here and if you're feeding him most of his information now, he might not be able to interact here too well.
116  Economy / Economics / Re: Australian government redesign of $5 bill. on: February 03, 2023, 04:33:47 PM
Redesigning a currency is probably something that piques collectors interest and nothing else. Most redesigns seem to happen every 10 years or so.

As for the British government — idunno, apparently they're allies, but probably no biggie.

It's probably been their plan for a while. They might even have got the Queen's approval for it as there seemed to be quite a lot of people who wanted it removed in Australia (and I don't think anyone cares that much about it either - though there may still be older Australians who consider they still have allegiance to the then empire).
117  Economy / Economics / Re: Oil giant Shell posts highest-ever annual profit of $40 billion on: February 03, 2023, 04:21:25 PM
A lot of it feels like it could be scapegoating oil companies as being the problem when governments could've done a lot more to keep rates more stable. They also haven't gone after tech giants with the same sort of pitchforks they've been using for oil companies (and I'm assuming oil companies are paying more than 1% tax).

Oil extraction seems like an industry that's been dead for a long time and will probably die again soon enough (I doubt they'll find a way to effectively manage those $40bn without wasting quite a lot of it on "R&D" and similar things - like random ventures that don't amount to much, I think we've already seen a few and I imagine they'll be in a rush to spend that money before inflation or something else hits them).
118  Other / Meta / Re: QR Code Forum Avatars? on: February 03, 2023, 04:12:36 PM
I wouldn't like hyperlinked avatars. Most modern phones support extracting qr code data from photos though (including Screenshots).

A clickable Avatar in the profile screen might be useful but then you could just use the url/website field already there
119  Bitcoin / Bitcoin Discussion / Re: opinion: it would be better off if taproot was rolled back on: February 03, 2023, 03:47:27 AM
You can use bitcoin cash as much as you want, why don't you and why doesn't everyone else? Why isn't it worth more than bitcoin if so many people agree with you.

If 95% agree on something, why wait for the other 5 it's a stable shift regardless?

You can't upload a jpeg to most blockchains (eth included) you can upload a pointer but that's not a jpeg or parts of the file across multiple transactions but I doubt anyone's done that recently or found a way to do it that's useful. Anyone can already do that too.
120  Other / Beginners & Help / Re: What is the way out when an hardware wallet is compromised? on: February 03, 2023, 01:22:42 AM
What happens if the hardware wallet is defective or compromised? Is there an alternate route.
This likely depends on how "defective" the device is. If the device is defective somehow and can't produce random numbers properly for example, there's no need to worry as the computer you're using can still add randomness to the numbers the device generates (as it's designed to do).

If you make a wallet, go to sign a transaction and realise a button doesn't work, that's something to contact the manufacturer about to get it replaced. If, later on, the button doesn't work or the screen goes dark for the final time then you should have a mnemonic phrase written down which is all you need to be able to recover your wallet.

Which other wallet is ideal for storing bitcoin?

This is based on user preference. If you're storing a lot of funds either an airgapped or multisig hardware wallet will be the best to use. If you're not storing much and want to use some funds for day to day transactions (less than $100 for example) you might only need a mobile wallet.
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