Tether is a company. When you buy tether, you are making a loan to that company, who promises to pay you back 1 USD for each tether you own. It's something like a Debt Security. You basically become a creditor of that company.You are making a loan to Tether with zero interest rate. That's a pretty good deal for Tether. So you are borrowing money with 0% interest rate, assuming all the risks, as Tether may go the bankrupt and do not pay you back. Even so, there are a few advantages of buying tether: - Taxes- You can sell your cryptos for tether and do not pay taxes (yet). This way you can postpone your taxes in many countries(according to your country legislation)
- Convenience- You can easily move your USDT around exchanges across the globe without any burocracy and faster than you would move USD.
This cryptocurrency is closely connected to Bitfinex, as they share the same CEO. Bitfinex is one of the biggest exchange in the world. As they make a lot of money I believe they may have their Tether backed up, but I am looking forward to see the results of any real audit. Recently there have been a lot of FUD involving Tether (USDT), but I have not seen proper warns about the risks associate with Tether Exchanges, who are the Tether's Biggest Creditors (Tether Rich List). If you take fast glance at Tether Rich List, you will see who are the biggest creditors: | Balance(USDT) | Remark | | 335,068,326 | Binance | | 293,361,358 | Bittrex | | 230,960,153 | Tether Treasury | | 226,752,797 | Huobi | | 159,111,273 | Huobi | | 153,761,528 | Binance | | 148,519,471 | OKEx | | 125,427,504 | Bitfinex | | 220,000,000 | Poloniex |
As we can see, Binance, Bittrex and Huobi are the biggests creditors of Tether. And Binance is the biggest of them all. I highly recommend you do not leave your savings on those exchanges, as they are like double-risk. You have the risk associate with the exchange, and the risk associate with Tether. If tether does not pays his creditors, will Binance and those others survive? Edit: Added Poloniex to the list. |
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Eu já ouvi essa teoria de que não afetaria tanto o mercado, pois representa apenas 2 bi do market cap. Mas sinceramente? Acho que o panic sell seria imenso se vissem várias das maiores exchanges do mundo com risco de quebrarem. Na minha opinião iríamos experimentar o Mt. Gox 2... Mas isso é pessoal.
Mt Gox representava na época 80% do volume total de transações de BTC. Hoje em dia não existe nenhuma corretora, nem mesmo uma única moeda que represente fatia tão expressiva do mercado... O que aconteceu naquela época dificilmente se repetirá hoje de maneira tão espetacular, poderia ter sido o fim do bitcoin. MT Gox tb era considerada uma das formas mais seguras de armazenar criptos. Esses conceitos todos mudaram hoje.. |
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Tether é uma empresa. Quando você compra Tether, você está comprando na prática um titulo de dívida privada dessa empresa. Você se torna um credor da empresa Tether.Na realidade é um investimento meio ruim, pois você está emprestando 1 USD para a Tether, na esperança de quando você for executar, ela lhe pague 1 USD de volta, com juros de 0%. Você assume todo o risco da empresa quebrar e não te pagar, não sendo recompensado em nada por esse risco. Entretanto existem duas vantagens de se usar o Tether: - Tributária - Você pode vender seus lucros de criptos por tether. Como tether não é de fato uma moeda fiducitária, você não está realizando o lucro. Então não precisa pagar imposto ainda.
- Comodidade - Pode vender e transferir USDT entre corretoras no mundo todo com uma velocidade muito maior do que USD.
O CEO da Tether é o mesmo da Bitfinex, a maior corretora do mundo. Eu acredito que o risco seja relativamente pequeno, pois essa corretora ganham muito dinheiro e é provável que tenham os 2bi USD. Entretanto aguardo ansiosamente o resultado da auditoria. Mas sinceramente não vejo como algo que possa abalar o preço do bitcoin, caso tether se mostre insolvente. Tether tem volume negociado hoje de 1.7 Bi e capitalização de 2.2 Bi USD. Apesar de representar cerca de 30% do volume diário do bitcoin, representa só 1.5% do marketcap do mesmo. É feito muito alarde com relação ao tether, mas com muita desinformação e pouco alerta aos reais riscos. O maior risco efetivo do Tether, do ponto de vista do investidor, são as exchanges credoras. Os maiores credores da tether são Binance, Okex e Huobi. A Binance é a maior credora do Tether do mundo. Então, caso houvesse um "calote" por parte da Tether não tenha dúvidas de que a Binance iria a bancarrota, e todo mundo que tivesse alguma cripto lá provavelmente perderia tudo. |
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Quote my wallet please.
1Ew3KUdic4GnHGRY6VYi2T9Uf3hPUVKZj2
Quoted |
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I don't think this is an abuse. He has been merited by different people, and gave very few merits...
People are obsessed about merit. Relax
Research about crypto, things that you are interested, read a lot, and you will be receiving merit before you realize. There are some merit sources already, and they are giving merit to good posts on discussions.
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Please Quote: ----BITCOIN ADRESS ---- 166iWuugZLr5BEX8VCUY9QEjM6DHp96Jb8 -----BEGIN BITCOIN SIGNED MESSAGE----- Today is 26.03.2018 bitcointalk account whitetoo (u=90601) belongs to this address -----BEGIN SIGNATURE----- IA/klI0egmJOkOTxsPzYEREtoYQVdmCFLyrMMOGTPUSlZY/2IGmiPLx3nsAuCTJq1ymI93ShLKx3jiuEu3RZCU0= Proof: https://blockexplorer.com/messages/verifyThe message is verifiably from 166iWuugZLr5BEX8VCUY9QEjM6DHp96Jb8. Quoted and verified |
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That wouldn't be fair with people who are participating in this forum for years, but now they are not posting too much. It wouldn't be fair if they lose their rank.
I agree there are many spammers with Hero/legendary accounts, but this kind of rule could harm legit old users.
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...as the value increased by a factor ten every two years, to 1,000 dollar in 2015, to 10,000 in 2017, 100,000 in 2019, and 1,000,000 in 2021. From here onwards, there's no good way of expressing its value in dollars, as the dollar is no longer used...
This is the best part for me, there's no good way of expressing bitcoin value in dollars, as dollar is no longer used lol |
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This is Reddit post, originally posted in 2014 by Luka Magnotta https://www.reddit.com/r/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/I think the most impressive is the date. How come 4 years ago this guy predicted bitcoin price would reach 10k USD in 2017? This is a very good reading, hope you guys enjoy. Some people may have read it already.
I am sending this message from the year 2025. Things are looking bleak here, and some of you will carry blood on your hands.
If you don't believe me, please move on, as I have no way of proving to you I'm really who I claim to be.
I don't want to waste any of your time, so I'm merely going to explain what happened.
On average, every year so far, the value of Bitcoin has increased by about a factor ten. From 0.1 dollar in 2010, to 1 dollar in 2011, to 10 dollar in 2012, to 100 dollar in 2013. From now on, there's a slight slowdown, as the value increased by a factor ten every two years, to 1,000 dollar in 2015, to 10,000 in 2017, 100,000 in 2019, and 1,000,000 in 2021. From here onwards, there's no good way of expressing its value in dollars, as the dollar is no longer used, nor is any central bank issued currency for that matter. There are two main forms of wealth in today's world. Land and cryptocurrency.
There are just over 19 million Bitcoin known to be used in the world today, as well as a few hundred thousand that were permanently lost, and we're still dealing with a population of just over 7 billion people today. On average, this means the average person owns just under 0.003 bitcoin. However, due to the unequal distribution of wealth in my world, the mean person owns just 0.001 bitcoin. That's right, most of you reading this today are rich. I personally live next to an annoying young man who logged into his old Reddit account two years ago and discovered that he received a tip of 0.01 Bitcoin back in 2013 for calling someone a "faggot" when he was a 16 year old boy. Upon making this discovery he bought an airline ticket, left his house without telling anyone anything and went to a Citadel.
"What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar, services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.
In my world, soon to be your world, most governments no longer exist, as Bitcoin transactions are done anonymously and thus most governments can enforce no taxation on their citizens. Most of the success of Bitcoin is due to the fact that Bitcoin turned out to be an effective method to hide your wealth from the government. Whereas people entering "rogue states" like Luxemberg, Monaco and Liechtenstein were followed by unmanned drones to ensure that governments know who is hiding wealth, no such option was available to stop people from hiding their money in Bitcoin.
Governments tried to stay relevant in my society by buying Bitcoin, which just made the problem worse, by increasing the value of Bitcoin. Governments did so in secret of course, but my generation's "Snowdens" are in fact greedy government employees who transferred Bitcoin to their own private account, and escaped to anarchic places where no questions are asked as long as you can cough up some money.
The four institutions with the largest still accessible Bitcoin balance are believed to be as following:
-ASICminer - 50,000 Bitcoin
-The IMF's "currency stabilization fund" - 70,000 Bitcoin
-Government of Saudi Arabia - 110,000 Bitcoin
-The North Korean government - 180,000 Bitcoin
Economic growth today is about -2% per year. Why is this? If you own more than 0.01 Bitcoin, chances are you don't do anything with your money. There is no inflation, and thus no incentive to invest your money. Just like the medieval ages had no significant economic growth, as wealth was measured in gold, our society has no economic growth either, as people know their 0.01 Bitcoin will be enough to last them a lifetime. The fact that there are still new Bitcoin released is what prevents our world from collapse so far it seems, but people fear that the decline in inflation that will occur during the next block halving may further wreck our economy.
What happened to the Winklevoss twins? The Winklevoss twins were among the first to die. After seeing the enormous damage done to the fabric of society, terrorist movements emerged that sought to hunt down and murder anyone known to have a large balance of Bitcoin, or believed to be responsible in any way for the development of cryptocurrency. Ironically, these terrorist movements use Bitcoin to anonymously fund their operations.
Most people who own any significant amount of Bitcoin no longer speak to their families and lost their friends, because they had to change their identities. There have been also been a few suicides of people who could not handle the guilt after seeing what happened to the bag-holders, the type of skeptical people who continued to believe it would eventually collapse, even after hearing the rumors of governments buying Bitcoin. Many people were taken hostage, and thus, it is suspected that 25% percent of "Bitcoin rich" actually physically tortured someone to get him to spill his password.
Why didn't we abandon Bitcoin, and move to another system? Well, we tried of course. We tried to step over to an inflationary cryptocurrency, but nobody with an IQ above 70 was willing to step up first and volunteer. After all, why would you voluntarily invest a lot of your money into a currency where you know your wealth will continually decline? The thing that made Bitcoin so dangerous to society was also what made it so successful. Bitcoin allows us to give into our greed.
In Africa, surveys show that an estimated 70% of people believe that Bitcoin was invented by the devil himself. There's a reason for this. It's a very sensitive issue that today is generally referred to as "the tragedy". The African Union had ambitious plans to help its citizens be ready to step over to Bitcoin. Governments gave their own citizens cell phones for free, tied to their government ID, and thus government sought to integrate Bitcoin into their economy. All went well, until "the tragedy" that is. A criminal organization, believed to be located in Russia, exploited a hardware fault in the government issued cell phones. It's believed that the entire continent of Africa lost an estimated 60% of its wealth in a period of 48 hours. What followed was a period of chaos and civil war, until the Saudi Arabian and North Korean governments, two of the world's major superpowers due to their authoritarian political system's unique ability to adapt to the "Bitcoin challenge", divided most African land between themselves and were praised as heroes by the local African population for it.
You might wonder, what is our plan now? It's clear that the current situation can not be sustained, without ending in a nuclear holocaust. I am part of an underground network, who seek to launch a coordinated attack against the very infrastructure of the Internet itself. We have at our disposal about 20 nuclear submarines, which we will use to cut all underwater cables between different continents. After this has been successfully achieved, we will launch a simultaneous nuclear pulse attack on every densely population area of the world. We believe that the resulting chaos will allow the world's population to rise up in revolt, and destroy as many computers out there as possible, until we reach the point where Bitcoin loses any relevance.
Of course, this outcome will likely lead to billions of deaths. This is a price we are forced to pay, to avoid the eternal enslavement of humanity to a tiny elite.
This is also the reason we contacted you.
It doesn't have to be like this. You do not have to share our fate. I don't know how, but you must find a way to destroy this godforsaken project in its infancy. I know this is a difficult thing to ask of you. You believed you were helping the world by eliminating the central banking cartel that governs your economies.
However, I have seen where it ends.
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What? Crypto spends a lot of energy? What kind of energy do you mean? Precisely crypto has saved energy.
You have said something ridiculous.
How do you think transactions are processed in Bitcoin and Ethereum? Have you ever heard of mining? I will try to make a one line explanation of what is mining: Miners confirm all transactions for a little reward (paid in bitcoin). Then miners encrypt all the transactions in a block and make a hash. This hash is used in the next block. This is why it's called "blockchain". This process consumes a lot of electricity. A lot,Bitcoin mining operations now consumes more energy than small countries. The topic is a lot controversial and polemic, as bitcoin is usually mining where energy is cheap and is produced in excess, on the other side people say it's bad for the environment, but anyway... Bitcoin Mining Now Consuming More Electricity Than 159 Countries Including Ireland & Most Countries In Africa |
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Gostei muito da iniciativa, traduzir esse tipo de texto leva tempo pois existem muitos termos técnicos. Parabéns.
Pelo meu entendimento do texto, a blockchain do Bitcoin é um HUB e a Lighting Networks é um RouterSwitch. Boa analogia.
PS: você escreve pra algum site de notícias ou tem algum site próprio ?
Não escrevo não. Eu estou estudando blockchain porque tive uma folga no trabalho e na vida pessoal nas duas ultimas semanas, e estou aproveitando para colocar algumas coisas que aprendi na forma de posts pra contribuir para o forum. Abraço. |
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There is already an authentication email sent once you try reset the password and/or change your email.
Thanks, I was not aware of that, as I never tried to change those. I think it does the job. |
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Hello,
Everyday we see new topics where people complain about their hacked accounts.
As most people here earn money with their accounts, everyone should worry about account security.
Now with the implementation of the merit system our accounts are even more valuable since our hard earned merits are even more valuable than most altcoins people get from bounties.
I saw that there are already many threads asking for 2FA on your Bitcointalk. For some reason it has never been implemented.
But there are other mechanisms to increase security that can be implemented in our forum.
My suggestion is simple:
Implement a log-in authorization by e-mail every time a different IP try to login in your account.
When you try to login to your account in a different computer or network you will receive a message: "Check your e-mail to approve login attempt."
I think this simple implementation can avoid most of the related problems with hacked accounts.
Many exchanges and webwallets already use this method, so most people are quite familiar with.
What are your thoughts?
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Why people posting their signature ? Address is not enough ?
So if they get hacked! how they wanna restore their account ? because hacker see they signature on this topic
You need to have control of the private key of the BTC address to generate the signature, that is how admin will know that you have control of the bitcointalk username because you able to sign a message with the BTC address you mention on your profile signature and it is verifiable from your posting here mentioning you have control of the BTC address , mathematically it is almost impossible to find the private key from the signature BEGIN BITCOIN SIGNED MESSAGE------- This is Yury1 from bitcointalk.org and today is 2018/03/23 BEGIN BITCOIN SIGNATURE 1QG1zoEui8qsBaSTA1fh6UgNdJAaBTHs15 -----BEGIN SIGNATURE------- IEM6xWPLA8O8PLF7dtcxqLHywmRHIiWbPdhSKELvKpvmOjeDQoftTMmPpsDO1NiVBRedvJkx2Jrlwh8 bHhwF+Xg= ------END BITCOIN SIGNED MESSAGE-------- Quoted and verified |
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I think the main problem with local boards are the lack of merit sources in some local boards.
In my local board, Portuguese, there is not even one merit source.
I love to post there. There are different discussions going on there, kind of totally different forum. But we really lack sources there.
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Paper Wallets can be encrypted, which makes it more secure than cash, but still is open to a regular robbing with weapon use (Tell the password or die), but the main problem I think is that it can be destroyed very easy.
Also regular robbing will work in this case also,a gun pointing to your head will force you to decrypt your Core wallet or to give your paper wallet.
Ledger Nano S has a feature to protect you against a regular robbing (like tell your private key or die). It's called Alternative Pin or Hidden Account. How to set up and/ or recover a hidden passphrase and alternate PIN on your Ledger Nano S? The hidden passphrase is used for two reasons
1. Protection of your 24 words recovery phrase if your accounts are behind a passphrase then you are protected.
2. "Plausible deniability" is a security feature that combats the risk of being threatened and/or forced to enter your PIN code. With this option, you can manage two PIN codes, unlocking two separate accounts:
- Your first PIN code provides access to your main wallet, like a basic account, with low amounts used for daily payments and small transactions.
- Second PIN code, linked to a specific passphrase you need to set up, opens an hidden account, to save large amounts, which will only be used occasionally. With this option, in case you are forced to recover a wallet from your 24-word backup, only the main wallet will be displayed, and the second account will remain hidden, as long as you don't reveal the attached passphrase. It works like this: You you will have 2 PIN. So if someone gets inside your house and say "give me your bitcoin or die" you can unlock just the basic wallet with your PIN. The other one is totally hidden, only unlockable with the second PIN. This is a feature which not many users know... But pretty useful. |
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Pelo que eu entendi, voce/post esta dizendo que o sistema de Unicast seria melhor que os chamados hubs na lighting network, mas se voce parar pra pensar, é inviavel que os canais de pagamento sempre sejam de pessoa para pessoa, sem formar os hubs, voce teria que criar/usar muitos canais e contratos com pessoas que voce nao conhece (n torna menos seguro, apenas mais dificil de organizar no caso de algum nó fraudulento), ou seja, no fim é quase certo que se forme os hubs para facilitar um pouco. O autor faz uma comparação com o sistema TCP/IP (unicast) com a Lightning. Ele fala que a Lightning seria tipo um Bitcoin Unicast. Voce está certo, realmente é inviável gerar canais de pagamento de pessoa para pessoa diretamente, mas o TCP/IP não funciona assim, nem a Lightning. Quando você visita esse site por exemplo, o bitcoin talk não está enviando diretamente os dados para o seu computador, como se a internet fosse uma gigantesca LAN. Até onde eu entendo o sistema vai procurando o melhor caminho através de milhares canais preexistentes para enviar/receber o seu pacote de dados. É exatamente assim que irá funcionar a Lightning. Na Lightning Network irá existir até um modo "auto pilot" em que automaticamente ele busca o caminho mais rápido nos canais preexistentes. Abrir e fechar um canal para cada transação seria até mais caro. Tem um vídeo do Antonopoulos sobre isso. Bitcoin Q&A: Misconceptions about Lightning NetworkEsse unicast não é o que as moedas que funcionam por DAG fazem? Seria um DAG dentro da blockchain do BTC?
É que os canais seriam bidirecionais, enquanto que a DAG é apenas direcional, mas mesmo sendo uma DAG, dependendo de como aisso é feito, ainda pode ser centralizado, já que pode ter um nó que receba quase tudo e transmita quase tudo ao mesmo tempo. Exatamente, é diferente do DAG mesmo por esse motivo. O Tangle do IOTA funciona assim, as transações funcionam de forma unidirecional e centralizada através do Coordinator. No caso do desenho que voce mostrou, realmente é parecido, é uma boa observação. Mas é uma semelhança mais esquemática do que de funcionalidade. No Tangle do IOTA (estou falando de IOTA pq não conheço o funcionamento de outro DAG) essas setas significam confirmações, e não transações. Uma transação sempre confirma duas anteriores ao ser executada. Exemplo de como funciona o Tangle (DAG). A transação 2 e 3 foram aprovadas pela 5, que foi aprovada pelo 6. |
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-----BEGIN BITCOIN SIGNED MESSAGE-----
algo1024
23.03.2018
-----BEGIN SIGNATURE-----
1K4cveZ7zFK6jBRntxHqCUut3xvD9iFEUb
H9rSRvzsQaufMzFJwIewiHcLi2o8b6PixlFcbZhPQ7A9JT9rEM6E01sNk2mQUjDWwOkr3IIkP55VPvR WenY/PT4=
-----END BITCOIN SIGNED MESSAGE-----
Quoted and verified |
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I thought that hardware wallets are top secure for saving our bitcoins, Indeed, I thought to buy one in the future, but after reading this PDF. I will keep my bitcoin in some web wallets as I don't have too much, in the same time, I will search for the secure wallet from now on.
Yeah, this is the problem with posts like this, spreading fud and misinformation about hardwallets...... that wasn't any critical bug, as the attacker need physical access..... But New comers may not understand that clearly enough and think web wallets are safer... |
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