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June 08, 2024, 09:13:42 AM *
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121  Economy / Economics / Re: M2 money supply turns positive on: May 03, 2024, 05:34:01 PM
As expected. Printing money is the main job of a central bank. They can only stop the printer temporarily. The government has to spend money. Lots of money. If they don't print it, they will go bankrupt. (They will go bankrupt slowly when they do) That's the only choice they have.



Uk/Ru war certainly left a hole in the US budget.

122  Economy / Scam Accusations / Re: FreeBitco.in Appears Hacked - Monthly Prize Money Stolen From Multiple Users on: May 03, 2024, 05:14:20 PM
It seems to me the freebitco.in's backend works as it should but somebody found a way to inject a script on the front-end of the app and it manipulates the DOM and tricks you into doing the shit you shouldn't be doing.

Like: "You are hacked, send x amount of btc to this adress to get unhacked"

In reality, you weren't hacked at all. It is just what this script kiddie wants you to believe. Regardless of that, it should be handled asap.
123  Bitcoin / Bitcoin Discussion / Re: MemoryDealers aka Roger Ver Arrested! on: May 03, 2024, 04:50:43 PM
Exactly. I've always wondered about that. But what if Satoshi Nakamoto was actually the CIA or NSA (which explains why no one has been able to find who he/she/they really was)? We'll never know for sure. The thing is crypto users need to be aware of governments' increasing surveillance tactics by protecting their privacy as much as possible.

Impossible to know what satoshi's real intention was. Maybe he was sincere or maybe he was a government tool. All I'm telling is, even if he was sincere, the gov would still find out his identity. Just because the general public don't know it, doesn't mean the big guys also don't.

If developers are creating something as controversial as a mixer or decentralized exchange, they must never reveal their identity to the public.
What's best? Satisfy investors by revealing your ID (making them believe your project is legit)? Or remain anonymous like Satoshi even if investors think your project is a scam? I think the last option is the way to go. Hopefully, crypto investors learn a valuable lesson with the US' aggressive stance towards the industry. Wishing all the best to Roger Ver. Smiley

That's the thing, you can't stay anonymous on the internet forever when you are using the internet infrastructure and domains which are controlled by the gov. They have unlimited power compared to a single individual.

You know even Intel admitted that they were putting a backdoor in their processors. That's what we are dealing with. Every windows/ios machine is a potential government spy in my eyes.
124  Bitcoin / Bitcoin Discussion / Re: How has Satoshi's identity never been revealed ? on: May 03, 2024, 04:36:12 PM
do you think they also got Satoshi's stash?

i have to believe if the US government knew him already then he could be under their watch all the time or he must have been detained underground already or buried under the desert. for the US  government, the world is just too small not to see everyone actually. the world is just like their small village with 7 houses.

I don't know all that. I don't even know if they really know satoshi's identity. I am just making an educated guess. The chances are they know it because their power has no limits compared to a single individual no matter how smart that individual is.

Satoshi does not control bitcoin and bitcoin is controlled by the community, so whether there is Satoshi or not, bitcoin will still operate in a decentralized.

satoshi owns 1 million btc. If those coins move, it will be catastrophic.

We all think and act like satoshi's coins aren't there. Like they are lost coins. If they move, we'll know then somebody can dump it on the markets. People will panic sell. Bitcoin might not recover from it again. 1 million coins we are talking about here. The devs will have to do a hard fork to prevent this probably and forge a new chain where satoshi blocks don't exist.

Even if the main dev team (core) don't do it, some miners can form a minority chain like how they did it with bcash years ago. Either way it won't be good. Again it will create another war.

Team 1: We are betrayed, satoshi  betrayed us!!!
Team 2: This is the original chain, satoshi has to eat as much as anybodie!!
125  Bitcoin / Legal / Re: EU is set to delagalise decentralised mixers on: May 03, 2024, 04:23:14 PM

Decentralized services will be available anyway. Not every dev lives in a country they can reach. Can they get to a dev that lives in Russia for example? I don’t think so but this time your data will be in the hands of Putin.
And what kind of data might end up in the hands of the Russian president after this, if all this data is open to everyone on the blockchain?


Now reading my post again, I think I wanted to say "the dev's data" probably. The dev's privacy is as important as ours from now on (actually more important). If the dev does his job in a country where the US can send their gestapo, he will get caught by them. If he does his job in Russia, the Russian mob will be after him.

We have already seen it with McAfee's case. He was in Spain and they caught him for a crime he is not responsible to Spain.

Oh shit, even below €1,000 transfer need to conduct KYC, who had submitted KYC to campaign managers? Tongue

KYC on sig camps would be the last nail on this forum's coffin. Why would you even say such stuff? Now I know it can happen. (probably sooner than we think)
126  Bitcoin / Bitcoin Discussion / Re: How has Satoshi's identity never been revealed ? on: May 03, 2024, 06:20:27 AM
The general public still don’t have that information but somehow I believe the US government already knows everything about him. The thing is, sharing that info with us won’t benefit them (for now) so they are keeping it secret. The gov owns all the domains and the internet infrastructure. It is impossible to stay anonymous against the gov forever.

Maybe one day we will learn who satoshi was but when that day comes, they’ll do that to achieve something else. Maybe create panic in the markets? Destroy bitcoin? Dump and pump? I don’t know, but something important will take place when it happens.
127  Economy / Exchanges / Re: Be careful using Binance & Centralized Exchange on: May 02, 2024, 09:24:28 PM
I have been hearing many similar stories about binance recently and the stories are more or less the same. One of the victims said his account has been locked for more than 6 months and binance’s so called “investigation” is still ongoing. Binance won’t give an explanation of what’s going on too. They’ll feed you with the generic automated responses. I don’t really hold any big amounts on binance because of that. You’ll never know when you’ll be the next victim of theirs. You’ll wake up one morning and you’ll see “your account was locked due to blablabla” and then good luck with the waiting game as it will drive you mad probably.

I still hold some coins on binance but I can say fu to them if they ever lock my acc like that.
128  Bitcoin / Bitcoin Discussion / Re: MemoryDealers aka Roger Ver Arrested! on: May 02, 2024, 07:02:50 PM
You can now see why Satoshi never disclosed his identity in the first place. I feel sorry for Vitalik Buterin, Charles Hoskinson, Gavin Wood, and other founders/developers/early crypto investors who disclosed their identities. They will get scrutinized by the government real soon. Roger Ver is now facing the consequences of revealing his identity to the public. I sure hope he doesn't get extradited to the US like CZ and the likes.

How do we know if the gov don't already know satoshi's identity? I just posted another message in some other topic in the same context.

Tbh, I don't believe satoshi is anonymous too. To us, yes he is still anonymous, but just because we don't know it, yet, doesn't mean somebody somewhere also doesn't. Let's say the US gov really knows who satoshi is, is it in their interest to share that info with the general public? Don't think so. They are not stupid.

Do you think satoshi was an expert at hiding his tracks? Do you think the gov don't have the tools to reveal his identity? I don't know, it looks like a long shot to me. Maybe the other names you mentioned didn't bother because they knew it was a futile attempt.
129  Bitcoin / Legal / Re: EU is set to delagalise decentralised mixers on: May 02, 2024, 06:56:33 PM
Sure, but now any potential developers will have to take special measures to remain anonymous when working on any decentralised exchange, mixer of any sort or coin/token with anonymity feature. Even if they're not based in EU, the thought that you might get arrested anytime that you set foot in any of the EU countries is not going to be pleasant. And most people appreciate the option of traveling freely and would not be happy to give that away.
And from users' perspective, there's a risk of coins suspected to be mixed to be red-flagged by crypto-businesses, depending of how deep of a surveillance they'll be expected to do.

I don't think you can truly stay anonymous on the internet for a very long time if you are working on a project. Tbh, I don't believe satoshi is anonymous too. To us, yes he is still anonymous, but just because we don't know it, yet, doesn't mean somebody somewhere also doesn't. Let's say the US gov really knows who satoshi is, is it in their interest to share that info with the general public? Don't think so. They are not stupid.

The important trick is, to not alert the gov with your actions. If the government wants to know who you are, they will know it eventually. Keeping the low profile is more effective than trying to get the best privacy measures. When you are using the infrastructure they own, having privacy is almost a futile attempt.
130  Economy / Gambling discussion / Re: Which device do you prefer for gambling ? on: May 02, 2024, 06:44:30 PM
A lot of gambling sites have emerged during and after the Covid-19 era and a lot of people have since then joined the gambling community.
We now have a wider audience who likes to gamble on desktop, laptop, mobile phone etc...
This poll is to see the most preferred device for gambling which I assume should be desktop as it provides a bigger screen and better user experience than any other device.
But a lot of people prefer mobile phones too and so lets just hit it and see what the actual results are.

Laptop is my main preference because I need to be relaxed while playing. Desktop is fine too but I use my desktop for the heavy duty stuff like video editing so I don't use it I really have to. Same for my mobile phone. Even though I am a pro-max user and my cellphone has a giant screen, it is still not enough. Everything looks small in a handheld device. It works if I don't have my laptop with me but It is still not my first option. If I had to make a sorted list, it would be like this:

laptop > mobile phone > desktop > tablet (never did)

edit: I have a tablet too but I almost never use it. It is damn hard to hold it because it is damn big. Why use a tablet if I am going to use it the way I use my laptop? Doesn't make sense.
131  Bitcoin / Legal / Re: EU is set to delagalise decentralised mixers on: May 02, 2024, 05:20:50 PM
As far as I understand all this, offering mixing services will be illegal, but using such services will not be outlawed.

Using them is not outlawed because they can take down any service they want whenever they want. They want to see who is crazy enough to take that risk. They probably think, if this person desperately wants to mix his coins, he probably has something to hide, let’s check. Another thing is, they probably seize these mixing services way before they announce their involvement… just to collect more data. Using centralized mixing services never made any sense to me because of that.

Decentralized services will be available anyway. Not every dev lives in a country they can reach. Can they get to a dev that lives in Russia for example? I don’t think so but this time your data will be in the hands of Putin.
132  Economy / Trading Discussion / Re: In order to reach your target, don't rush! on: May 02, 2024, 04:35:17 PM
Most traders are not aware of the existence of risk management. That's their biggest mistake. When you are managing big money, you should decide the risk levels for each investment in your portfolio. I guess I don't need to tell you that it is super stupid to go all in in one asset, or do I? Many people don't even have this basic sense when they are making investments or trading. Having a diversified portfolio is wonderful. All you need to pick "good" assets and avoid the "bad" ones so you can add more when they go cheaper. If you invest in a bad asset, you'll sell it as it goes down which is the quickest way to lose money.
133  Economy / Economics / Re: Stagnant Salaries vs. Inflationary Savings Tax on: May 01, 2024, 07:55:43 PM
Which of these economic situations would you prefer to find yourself in?

A- Your salary is stagnant but prices fall. Where this happens, your real purchasing power has increased.  It's called constructive deflation. And even if your salary falls, but prices fall faster, you are still ahead.
B- Having your savings taxed 2%+ a year by inflation.

Drop your thoughts

A is impossible to have in practice. There is no such thing as constructive deflation. Human population is increasing so the money supply increasing as well and increasing the money supply drives the prices higher because the manufacturing can't keep up with the other two. As a result, somebody somewhere has to starve.

We are having the second option because we don't have other choice.

We you look at it we are exactly like viruses, consuming our host till there is nothing left of it.
134  Bitcoin / Bitcoin Discussion / Re: MemoryDealers aka Roger Ver Arrested! on: May 01, 2024, 06:02:50 PM
I have massive respect for the man Roger. I have read his history and the excellent job he did with bitcoin in its early days. However, as far as I know, no one is above the law and it must be respected. And from what theymos has written about him, he seem like a great guy who kinda lost his way. I think he may have made a lot of mistakes and burnt a lot of bridges in his pursuits which did not align with BTC. We seeing cyberpunk fiction beginning to play out just like in an idealist novel.

He didn't murder anybody though. Somehow tax-evasion is in a gray area for me. Since the gov uses that tax money in a very stupid way most of the time, I too don't like paying taxes. On the top of that, they print money which is another tax. If they are collecting taxes, why are they printing money? If they are printing money why are they collecting taxes? This shit is so broken.

I expected Roger to be more clever than that. He owns a company, his net worth is millions of dollars and he is getting arrested for not being careful. He could have avoided that situation easily. What a way to go. He probably didn't do any of these willingly unlike McAfee.

But then, this guy was selling firecrackers on ebay and did time for that too. Again I believe he did that because he honestly thought it wasn't illegal. This dude needs to get a reality check every once in a while.

Maybe it was this state of distorted mind  of his allowed him to be a early bitcoin adopter. He imagined the shit most people couldn't 13 years ago but that had its own drawbacks. Sometimes his imagination is too skewed for the real world like we have seen it with his bcash.
135  Bitcoin / Bitcoin Discussion / Re: MemoryDealers aka Roger Ver Arrested! on: May 01, 2024, 09:45:40 AM
Holy crap. I've just heard the news. He already did time for selling firecrackers(!) and now they are getting him for tax evasion. He is really going full Al-Capone. Even though he is a jerk, somehow I feel bad for this guy. Maybe because in his early crypto days he was a hardcore bitcoiner. Even Andreas thanked him in his book which means he used to be doing something right. It all went down the hill the moment he became a bcash supporter. He could have become a rockstar of crypto if he had played his cards right.

Hopefully he won't pull a McAfee on himself.

Then the part where he changed citizenship and was required to pay exit tax - like WTF? The country bullies you, you decide you don't want to live there anymore, so they want you to pay them for leaving? What kind of law is that? I'm sure many people aren't even aware of such rule.

I've heard that before. That's real. The US is beyond fucked up. You can't toss away your US citizenship unless you pay a fee and have their approval. Insane.
136  Bitcoin / Bitcoin Discussion / Re: CZ Sentenced, Your Bitcoin in their Custody on: May 01, 2024, 09:19:16 AM
But, my money in binance is safe right?
Sorry got a bit panic when i saw this thread and since i can't access my wallet right now, i'm just making sure everything is alright.

For now… but, “not your keys not your coins”

There were lots of big exchanges went down in the past. Some of them went down without a warning. Some gave many warnings before they collapsed. Maybe this is one of those warnings. I am not saying that you shouldn’t be holding any coins on an exchange but think about this: If binance went down today, the amount you’ll lose on their platform would make you mad? If you are saying “yes” then you should lower your risk levels and hold more coins in your cold wallet.

As long as you manage your risks the right way, there is nothing to be worried about.
137  Bitcoin / Bitcoin Discussion / Re: CZ Sentenced, Your Bitcoin in their Custody on: May 01, 2024, 08:45:23 AM
4 months... must be a joke. It is probably just a warning to the other exchange and casino owners.  (and theymos lol)

"Do as we say or else we can mess you up in ways you can't even imagine. Don't f with us."

CZ and the Feds came to an agreement it seems but they couldn't let him go without a punishment because it would leave a bad image on the Feds. So they come with this joke-like sentence. I don't even believe CZ will do his time like the other prisoners. His punishment will be a vacation in a 5 star hotel for 4 months probably. Imagine spending 4 months in a hotel, I would go insane. Poor CZ.

It looks very orchestrated.

138  Economy / Services / Re: [OPEN] BlackJack.Fun | Signature Campaign | Up to $90/W on: April 30, 2024, 04:41:13 PM
The withdrawal fee is only ~6500 at the moment. If you want to use your funds at somewhere else, now is the time. I am kind of addicted to the 15% interest though. I'll probably stay for a while.

I am staking too. 15% APR is really amazing return. Everyone who can save some money there should be staking to get those high rates... good opportunity and looks to be low risk.

 I will let them growing and withdrawal just once when the campaign is done!

I see you are not wearing the casino avatar. I wonder if it is mandatory to wear it or do you have a custom deal?
139  Economy / Services / Re: [OPEN] BlackJack.Fun | Signature Campaign | Up to $90/W on: April 30, 2024, 04:25:41 PM
The withdrawal fee is only ~6500 at the moment. If you want to use your funds at somewhere else, now is the time. I am kind of addicted to the 15% interest though. I'll probably stay for a while.

140  Other / Meta / Re: Mixers to be banned on: April 30, 2024, 03:53:28 PM
Scamming is a petty crime. You can only lose money by getting scammed. Hosting mixers(not directly but it is connected to money laundering), cp, selling drugs are some of the federal crimes.

See the full list:
https://www.justice.gov/usao-edwi/federal-crimes

It is interesting, for example, that phishing sites like fake mixers are not subject to similar sanctions or investigations. We have even seen them being advertised on G00gle and similar networks and nobody seems to have a problem with that, while services that do not have scam intentions are strictly punishable because they can be used for purposes that do not suit the US government.
It's a bit bizarre that someone behind the name of justice deals with it

Yep. BTT pretty much operates just like the USA does. You can scam people and mostly get away with it if you are smart about it and as long as  you don't step on the Gov's or banks' foot. Phising is like that too. The gov don't care if you are careless or stupid enough to fall for these tricks.

Say for example, I said I would sell you this imaginary home for $10k if you paid me the money upfront and then I disappeared with the money, what would the judge say? "Don't be stupid?"
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