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1421  Bitcoin / Project Development / Re: Introducing: blockdyor on: October 06, 2023, 02:33:39 PM
I am pleasantly surprised by the quality of the articles and topics covered on this website. I appreciate when simplicity and a very modern design are combined, which results in very simple navigation and excellent visibility. I will definitely save this site to my favorites and come back to read a few more articles Smiley



@blockdyor, posting multiple posts in a row is against the rules of the forum, so it would be good if you use the option to reply to multiple posts in one post if possible Wink
1422  Bitcoin / Hardware wallets / Re: Ledger's laying off employees. Thoughts? on: October 06, 2023, 02:00:26 PM
I've been checking the Ledger subreddit pretty often since their idiotic, trust-destroying Recover service was announced and looking at it today, I saw a thread that linked to a Twitter post that in turn linked to some other source saying that Ledger is laying off 12% of its employees.

When a company goes bad (for one reason or another), the first to pay the price are the employees. I do not think that these dismissals of employees are solely the result of their business decisions, but also due to the global economic situation, which definitely affects the EU as well.



OK, this is the first time I'm reading that quote and if he knows that information, then Ledger obviously knows which coins are being kept on Ledger wallets and how many.  Hmm.  D'ya think the disclosure that your private keys could be exfiltrated from the secure element that went along with the Recover announcement could have something to do with that?

In other words, do you think Ledger has already got something akin to a master list of every Ledger user's private keys?  Just thinking out loud here, you know?

I wonder how many of those 500 or so employees are various government spooks.  Christ I need a drink.  And I don't even drink
.

My opinion is that they know exactly how many coins are on their devices, because their devices communicate with their servers and use the blockchain data located on those same servers. Considering this fact, it is easy to conclude that such data can be collected very easily and also connected to the IP addresses with which they are accessed.

If some big brother were to knock on their door (if he hasn't already) and ask for all this information on any basis (taxes, money laundering, terrorism...) I'm sure they would have to hand over this information. Considering everything that has been happening around that company for several years now, everyone should ask themselves if there is any logic in trusting them with something as sensitive as our private keys?
1423  Bitcoin / Bitcoin Discussion / Re: Bitcoin millionaire: Lucky or possesses more qualities that we don't have. on: October 06, 2023, 01:25:23 PM
~snip~
_ Long term perspective: They don't just buy, they look at it on the long run, they know when to take risk but at the same time they don't buy and sell with emotions.
_ Patience: they have the patience needed to steadily build their wealth over the long term.


We must know that there are at least three types of people who invest in risky investments.

The first category is ordinary people who work ordinary jobs and have an average income from which they manage to save a little and are looking for a way to make at least a little more out of a little money. They can be divided into those who want a quick profit and those who invest for the long term.

The second category is some kind of middle class who have enough to live on and have a little more money left over to invest, and besides, they know how to invest that money much better and smarter by combining medium-long and long-term investments.

The third category is people who are above average rich and have enough money that is not necessary for their daily life and they can invest it in the long term without too much fear for the final outcome, because they can afford the luxury of multiple investments, of which it is enough that only one be successful.

I would therefore conclude that a long-term perspective, along with the fact that they have enough money to somehow gamble with it, is key to success.
1424  Economy / Speculation / Re: Even Seasoned Analysts Can Get it Wrong on: October 06, 2023, 01:02:50 PM
Was there at least one predictor analyst who was able to accurately guess the price of Bitcoin in a certain period of time? Surely there were close forecasts, but it was an accident; no one gave a stable, accurate forecast. All we know is the history of Bitcoin's growth after halving, and it is not at all necessary to believe people who have gained weight in the cryptocurrency world. It is enough to study history and not to inflate sky-high prices that Bitcoin simply cannot reach because this is no longer possible. Reality and reason are the best guides, and it makes no sense to believe that this has already been predicted by someone.

Do you remember Tim Draper and his statement from 2014 that after 3 years the price of BTC will be at least $10 000, which of course happened, although everyone laughed at him then? Of course, we can say that the man is just lucky, especially his next speculation has not (yet) come true if we consider that the price is nowhere near $250 000 as he stated in 2018, although he later added that this price could be reach during 2023.

Taking into account the possible halving effects and the potential possibility that the first spot BTC ETF will be approved in the US at the beginning of next year, the next ATH could very easily reach between $150k and even more.

1425  Other / Beginners & Help / Re: Paying tax in UK after bull run? on: October 05, 2023, 01:33:51 PM
This is my first bull run coming up in the next few years and I am just wondering how tax works when will sell in UK?

Lets say for example by the time I sell I will have invested £10,000 and I want to cash out £100,000 in 2025.

£100,000 minus the £10,000 I invested would leave me with £90,000 profit.

How do I know how much tax I need to pay on that?

I read online it depends how much income I make but is that from my own job outside of crypto or do they mean income made purely from crypto?

I know we have plenty of time still until the bull run but just want to be clear in my mind so when it comes to it I understand how and when to pay tax.


I thought that this forum couldn't have two jerry's, but you are the obvious proof that this is not the case. You've already asked the same thing several times, so I wonder how hard it is to look at your own post history and read all the answers you've already received?

Cashing out fiat in UK?


This is your 4th thread you’ve started on the SAME subject!!

https://bitcointalk.org/index.php?topic=5404645.msg60477758#msg60477758

https://bitcointalk.org/index.php?topic=5435425.msg61609306#msg61609306

https://bitcointalk.org/index.php?topic=5445305.msg61930434#msg61930434

There is no need to keep starting new threads on exactly the same topic ??

PS Have a look at your trust page  -seems you have a bit of a trend Huh

Try bumping your older threads rather than starting new ones as your other threads may get reported to the mods as spam ?


Thank you for your input
1426  Bitcoin / Bitcoin Discussion / Re: This is my plan. on: October 05, 2023, 01:19:48 PM
~snip~
Back to your $50 monthly DCA fund, you will have to do like 3 to 4 rounds of DCA before withdraw your bitcoin from an exchange account to your non custodial wallet. Withdraw your coin to your wallet when you see withdrawal fee is good enough for you.
Reminder: do not keep your money in online accounts


If the OP will buy BTC through CEX, then the miners' fees have nothing to do with what he will pay when withdrawing his coins to a non-custodilal wallet, considering that he will have to pay what is actually called a service fee. Of course, in order to save on that fee, it does not make sense for him to make individual withdrawals for such small amounts, so he will have to take a certain risk and keep what he buys on the exchange.

The alternative would be to try to buy BTC on one of the decentralized exchanges, which might be the next move when he understands a little better how things work.
1427  Bitcoin / Press / Re: [23-05-19] Is Ledgers New Bitcoin Key Recovery Feature Safe? Experts Have Doubts on: October 05, 2023, 01:02:33 PM
I had to read through this thread twice thinking it must be a joke.  But no, it isn't.  I spent my working career in marketing and sales.  Whoever submitted this as a "corporate idea" should no longer be a contender for any promotions, LOL!!

When I first read that news, I also thought that someone was just kidding, but apparently in that company they don't choose ways to earn more, even though their business moves are completely opposite to what they built their entire business around. If you still haven't, I suggest you read the next topic Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities in which you can also find one of the videos in which their CEO Pascal talks about the fact that everyone who criticizes their new service is just spreading FUD, as well as that he talks about the hacking of their customers' database as a trivial event that is something for them as a company normal and harmless.

1428  Bitcoin / Bitcoin Discussion / Re: Repayment Deadline Increased for the MT Gox Exchange’s Creditors on: October 05, 2023, 10:58:02 AM
So this means, repayments will start at October 31 of this year and last for exactly one year.

It makes you wonder why Mt Gox liquidators would need to make the repayments in several batches rather than in a single lump sum. The only possible reason I can think of why they'd do this is if they do not have enough money to cover all of the creditors who have filed a claim. In such a case, where do they expect to get the rest of the money from?


I would find the reason in the fact that they are simply not able to do it faster and more efficiently considering how much time it took them to get to the moment when the payments will start. I don't believe that money is a problem, because the total amount that the bankruptcy trustee has will simply be divided between all those who have submitted a request for compensation.

I don't know exactly what formula was used to calculate how much each victim will receive, but in any case it is only a partial compensation, given that most of the hacked BTC disappeared without a trace anyway.
1429  Economy / Economics / Re: Chase Bank New Policy On Crypto - Users Beware !!! on: October 05, 2023, 10:33:29 AM
Banks can see what transactions is coming or to whom it is been sent but how will they know if the transaction is crypto related if the customer does not foolishly indicating it in the remarks option? I think anyone can send money to anyone provided you do not in any part of the transaction indicate what is meant for.

If you use CEX (and most people trade with cryptocurrencies that way), then every bank can see where the money goes and where it comes from, because if it wasn't like that, would banks implement such measures at all? It's a completely different matter if someone uses DEX and if they send and receive smaller amounts of money, but when you have large transactions to and from people who, moreover, are not in the same country and did not have any history of bank transactions before that, then every bank can request from the client to explain the reason for such transactions or even report it to the competent agencies that supervise such things.

Ordinary people have no chance of outsmarting the banks unless they completely bypass them, which is why we have Bitcoin. You can receive and send it anytime and anywhere to anyone who has a digital wallet and a unique address.
1430  Other / Meta / Re: harizen - ban appeal on: October 05, 2023, 10:19:59 AM
~snip~
I still don't know how that hacker was able to breach my account. I tried to recap what I did these past days and weeks. As an internet guy for a long, basically, I know the basic and advanced safety measures for protecting my personal account. Although there's no 100% guaranteed protection, I'm really sure I didn't do some crappy moves that lead to this. My Bitcointalk account was only accessed here in my IP's home and on my mobile data (single network) when away.


It is more obvious that you made a wrong step somewhere, because if this were not the case, someone else would not have gained access to your account. Regardless of where you store your login information, the moment you enter it in your browser, it becomes vulnerable if you have a keylogger or RAT on your computer or smartphone.

Did you check your IP logs as advised by @tranthidung, do you see the IP address the hacker used?
1431  Economy / Speculation / Re: Even Seasoned Analysts Can Get it Wrong on: October 04, 2023, 01:23:53 PM
~snip~
my guess is we are close to fall of of 2015 which means a sharp upstake of around 30% over the next 30 days.!

That would be a very nice jump to about $35k+ from the current price, so even though nothing is impossible when it comes to BTC, somehow it seems to me that without some super good news, something like that is not really realistic to expect. I remember 2015 and the price of BTC, which was just a little over $200 that year (at least for a good part of the year), and that 30% then and today is not even close to the same.

Given that we have been between $25k and $30k for a long time, every jump in price results in increased sales, considering that everyone is looking for any profit, and we saw that a few days ago when we crossed $28k and quickly went back.
1432  Economy / Economics / Re: Chase Bank New Policy On Crypto - Users Beware !!! on: October 04, 2023, 01:06:10 PM
The "Golden Rule" is to never tell your bank that your transactions have something to do with crypto. It doesn't matter if your bank is crypto-friendly or not, just don't tell them anything.

This "golden rule" does not make much sense with most banks, because banks can check to whom the client is sending money, and they can also see very clearly who is sending money in incoming transactions. You have countless cases where the bank has frozen or even closed the client's account because it has established that these are transactions that the bank does not approve.

It's funny how Chase Bank tells their customers that "you won't get your money back, if the transaction is related to fraud or scam".
What they are actually telling their customers is "if you got scammed, you won't get your money back, you are screwed!".
That's weird. I have always thought that the banks should collaborate with the scam victims and try to refund their money.
This is basically a statement that the banks will collaborate with the scammers, therefore they will never refund the money of the victims of scams/fraud.


Put yourself in the position of a business entity that provides a financial service, and whose clients through that same service lose money and then want you to return the money that disappeared in a scam related to cryptocurrencies. Banks definitely deal with suspicious business and are not an example of transparent and honest business, but why should banks put themselves in the role of someone who will pay for other people's mistakes?
1433  Bitcoin / Bitcoin Discussion / Re: Stop discouraging people from Bitcoin... on: October 04, 2023, 12:50:27 PM
Quote
Stop discouraging people from Bitcoin...

You just have to ask yourself if it is a bad option to "discourage" someone from making some reckless move, or if we should act like some kind of promoters of Bitcoin, regardless of the fact that in this way we can create not only financial but also various other problems for someone?

People who can't define what Bitcoin is, who can't safely create safe storage or a digital wallet by themselves and people who think that they will get rich overnight with $100 invested should definitely be "discouraged" not to invest in Bitcoin.

An acquaintance of mine asked me a few years ago if it makes sense to invest in Bitcoin, and I answered that it does make sense, but only for people who have an eye for details and the world around them.

Namely, the man (as far as I know) suffered the robbery of his car twice and both times he paid the fine because it was found that he left the car unlocked - otherwise he behaves very irresponsibly in life and I can only imagine how his investment in BTC would end up. The fact that I "discouraged" him is not a bad thing, I did him a great favor.

It's the same here on the forum where there are a lot of confused people, and they shouldn't be encouraged to invest in something so risky and volatile until they learn some things and become responsible people.
1434  Other / Beginners & Help / Re: Bunny Loader: Another Clipboard malware on: October 04, 2023, 10:48:11 AM
Installing the latest antivirus software is a poor advice and may be provided by some technical articles, but antiviruses update their database periodically, which means that there may be viruses that are not present in the database, which gives high probability false positive reports.

I would not say that this is bad advice, especially if it is a premium AV that updates its database of antivirus definitions several times a day and has good heuristic analysis that can detect viruses/malware even if it is not in the definition database. However, as far as I remember from some previous discussions, clipboard malwares usually cannot be detected using AV, although I don't know if anything has changed in that regard.

Using hardware wallets or open source wallets will not change anything here, but rather:

 - Do not install applications that you do not trust.
 - Check the title completely, or at least the first and last 8 characters.
 - Make sure everything is correct before broadcasting the transaction.


Today it is hard to believe that an app is reliable (trusted) unless it is an app that has millions of downloads and it is possible to verify it before installing it. Even if it is in one of the legitimate app stores, it does not mean that we should consider it 100% safe - and what can we say about those cracked apps that are downloaded via torrents or various suspicious websites.

In much simpler terms, if you know how to behave online, have a solid AV/firewall and don't use cracked software, the chances of picking up something like clipboard malware are very low or none.
1435  Economy / Economics / Re: Honda Now Accepts Bitcoin and Ethereum As Payment Methods on: October 04, 2023, 10:15:31 AM
I agree that Honda isn't really a luxury brand, but I'd say it is good news. Maybe not so big, but we need some of that positivity.
Even if this was some small Chinese brand that I'll never buy, I'd be happy because this goes in the news and people read about it. IMO it's a matter of time before Tesla accepts it again.


I'm not saying that the news isn't good, but far from anyone needing to get too excited about it, because we see from past similar events that people are simply not interested in using Bitcoin as a means of payment. Such news has had almost no impact on the market before, and I doubt that it will have any impact now, either in the short term or even less in the long term.

In a year or maybe less, the news will appear that Honda has decided to remove that option, either because someone will suggest that Bitcoin is "harmful to the environment" or simply because no one will use that payment method. It sounds pessimistic, but unfortunately it is the reality.
1436  Economy / Economics / Re: Honda Now Accepts Bitcoin and Ethereum As Payment Methods on: October 03, 2023, 01:50:05 PM
As the Heading implies. Honda the giant of Japanese automobile now accept bitcoin and ethereum for payment through a third party partnership deal with a blockchain payment system called FCF Pay.

Luxury cars for Bitcoin? That was possible in Japan 6 years ago and I can't say how that story ended, but somehow it doesn't seem to me that many people paid for their cars with BTC.

https://fullycrypto.com/luxury-japanese-car-dealer-loperaio-accepts-bitcoinc
https://www.financemagnates.com/cryptocurrency/news/japans-largest-car-dealership-now-accepts-bitcoin/

*Is this news big enough to trigger market uptrend in the coming weeks, months?

It's no big news, no matter how excited you are. The fact that someone adds BTC as a payment option does not mean that people will use it. There are thousands of online and physical branches around the world where you can spend BTC, but for most Bitcoin is just an investment they want to profit from.
1437  Economy / Scam Accusations / Re: Cloudbet scammed me for 1BTC on: October 03, 2023, 01:28:17 PM
I don't think I understand the complete situation here correctly. Allow me to rephrase, you've never play on any online casino ever before cloudbet send you the promotional emails that lead us to this situation right now? At all? So where do they get your email address?

The e-mail address could have been leaked from anywhere, the question is how long has the OP been using it and where did he register with it? However, for me it is not so controversial with the e-mail address, but with the fact that the OP claims that he has never used an online casino before, and then he sent 1 BTC to one of them only because he received a promotional e-mail...

Personally, that's a lot of money, and I would never think of gambling with that amount, especially if it's something completely new to me.
1438  Bitcoin / Bitcoin Discussion / Re: Two guys that have lost their Bitcoins forever on: October 03, 2023, 01:12:24 PM
~snip~
Never heard about Ironkey it's a good storage for important data but not a good storage for a Crypto wallet.

It's strange, it's not a story from yesterday, it's been going around the forum for years, and every now and then someone recycles it and makes a new topic about it. In addition, this is not about a device that you say is "not good storage for crypto wallet", but a person who protected his data and lost his password. The device is more than good and makes it impossible for someone who comes into unauthorized possession to be able to guess passwords indefinitely.

Furthermore, it seems that Stephan has a profile on this forum, judging by what @DdmrDdmr wrote in this post -> https://bitcointalk.org/index.php?topic=5309176.msg56104358#msg56104358
1439  Bitcoin / Bitcoin Discussion / Re: Two guys that have lost their Bitcoins forever on: October 03, 2023, 10:45:20 AM
While the other guy is named James Howell.
The story of this guy is different beacuse he threw away his HDD that contains 8,000 Bitcoins on 2013. He's got some proposal to use AI to clean the landfill but the management can't just agree to it.


He didn't throw away the HDD, but his wife, and all that nonsense about how AI and some kind of robots will help him find what was lost a long time ago are nothing but a bunch of ordinary nonsense with which he wants to draw attention to himself. He used to ask for 250 pounds for an interview, maybe today he asks twice as much, or he hopes that someone will make a movie about him.

In addition, a hard drive that has been buried for so long in a pile of who knows what kind of junk is probably completely unusable, in other words, the chances that the data can be saved are almost nil.

These are just the few of the many that have lost their Bitcoins forever while there's just little to no chance for both of them to recover it, so we can conclude that they're totally lost forever. Should they give up or accepted that they're lost forever, these lost Bitcoins are like a donation to the community as its value retained on the market capitalization of Bitcoin.

Here we are talking about some 15 000 BTC, and that is completely insignificant considering the max supply and the fact that some, based on very strange methodologies, say that millions of BTC have been lost. The fact is that these two people in question here did not appreciate BTC at the time when the wrong move happened to them in life, and now they are crying for spilled milk.

What about the man who hid his backup in fishing poles and the owner of the apartment where he lived threw them in the trash?
1440  Bitcoin / Bitcoin Discussion / Re: Satoshi's first tweet since 2018? on: October 03, 2023, 10:28:07 AM
As I was about to sleep, I came across this one. Can't believe he made his first tweet since 2018.
---
But his account has blue verified check mark at least.
----
I don't know what to say but he does have some plans in store for Bitcoin. What's your take on
this guys?

You should have definitely gone to sleep and missed this "news" to a some newbie, because it's hard for me to imagine that someone who has been on this forum since 2014 can believe in such fairy tales. However, on the other hand, it is much clearer to me why various Faketoshis still manage to have an army of loyal followers when you can sell them such a cheap story.

If you have some extra BTC, you can buy that account and become Satoshi, blue mark is for free Roll Eyes
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