I wonder if they scammed the wrong person and now they are trying to erase all their tracks  They are definitely trying to remove evidence of what was posted in the thread. It appears the thread was an ANN thread for an altcoin, whose website is/was https://mb8coin.io/ and does not appear to have ever been very popular. Their whitepaper is no longer available on their website, which should tell you a lot about their project. It could be that the devs are in the process of abandoning the project, or it could be there is something more malicious going on. |
|
|
|
also Trump: "The entire Database of Maricopa County in Arizona has been DELETED!" If Trump meant the entire electoral database, he was mistaken. It was only one or several of the voting machines. However, just that one/several should be enough to void Biden out so we get a new election.  Except for the whole recount, certified, litigated, relitigated, no fraud found part. I would not say that the election was "litigated". Litigation was attempted, but the lawsuits were thrown out, usually for a lack of standing. This is different from the cases being ruled based on their merit, and is different from the courts even hearing the evidence. |
|
|
|
Also I think important to note that unlike Bitcoin, which uses a utxo model, all of these defi protocols you mention (still feels papery to even mention that phrase in my head) are all built on Ethereum, which uses an account based accounting model.
To sum it up, unlike Bitcoin, when you send aave or whatever, you're just telling the network to update account balances. Plus to account A, minus to account B. There are no coins and tokens to "mix and mingle".
I might be wrong but that's how I thought it works with Ethereum... Not super familiar.
It should not matter if a coin used a UTXO or an account-based accounting method when tracing how coin is spent. An account-based accounting method means there are no change addresses. You can still trace coin sent from address A to address B to address C. |
|
|
|
The most trusted and best stablecoin in my opinion is USDT, because USDT is the first stablecoin that appears, and has been integrated with almost all other altcoins, I have never had a problem with USDT, so USDT is certainly very safe
To be frank, out of all stable coins USDT is the worst. Haven't you seen the news about how USDT is in a long term battle trying to (never actually getting round to it) to prove that USDT is backed by USD??? Here's a link to an article that puts this into perspective: https://www.ft.com/content/529eb4e6-796a-4e81-8064-5967bbe3b4d9This makes USDT the most untrustworthy stable I ever know. If you do anything, do your best to stay away from USDT, any other stable would do. The article you cited was not very well written. My guess is it one of those "guest writer" similar to what forbes allows, and that often results in shadow paid advertising/shilling. The chart referenced in the article is regarding all of tether's reserves, not just those of USDT. As such, they need to keep some of their reserves in gold to cover the XAUT they issue. About 76% of tether's total reserves are in cash equivalents or things that money market funds will hold. There is an additional 12.5% that is backed by secured loans, while this is not as good as cash, it should be reasonable to believe the loans will be repaid on schedule based on their security. The risk for the secured loans is that >76% of tethers will be redeemed prior to the secured loans maturing....based on tether's history, this seems unlikely. About 10% is in "corporate bonds, funds and precious metals", some of this is what backs the XAUT tether has issued, and some of it will be bonds that have too long a maturity to be considered "cash equilvent". Overall, I would consider any money stored in USDT to be safe. |
|
|
|
Elon should attend to his own business instead of trying to become a figure on the crypto scene. It is of little help for us to have a guy like him launching uneducated opinions in a desperate try to mean something on the crypto sphere, which he failed miserably to recognise in due time and now is trying to manipulate for his own purposes. The only treatment he deserves is being ignored, and not only in crypto but also in general. This guy must be on something heavy to do this.
Musk/Tesla is probably the reason why bitcoin went from the mid 20k's to 50k+. Tesla was buying $1.5 billion worth of bitcoin while bitcoin was at the mid $20k, and the price was pushed up to above $40k. Once Tesla announced their holdings, the price went up, and when they announced plans to accept bitcoin as a payment method, it went up even more. Musk likes to say some pretty off-the-wall things about basically everything, including crypto, however tweeting about crypto will get people interested in crypto, and will get them to learn about it. |
|
|
|
We talk about human being, not like dogs that can have pure bloodlines with selective breeding. There will be a mixture of races and beliefs in humans.
Unfortunately people like Ljunior, and other radical extremists such as AOC, Hamas, and similar reduce the Israelis as animals they want to kill. These people do not recognize the right for Jews and Isreal to exist. This extremism should be strongly condemned. Of course everyone with whatever religious beliefs should have the right to exist. Anyone who disagrees is nothing short of a monster. |
|
|
|
BTC will NEVER change from PoW for the simple reason that PoW is the single best way to ensure the blockchain integrity: Attacking it requires a huge amount of hardware and energy.
I don’t think it is good to have absolutes. FTR, I believe that POW is superior to POS, and I am not aware of any superior means to mine above POW. I do however have an open mind and am willing to support an alternate means of mining if there is substantial evidence that POW is creating unnecessary risks for bitcoin and that there is a superior means of mining. I believe you are not thinking of it well enough, or you probably forgot why Bitcoin actually works. Are you willing to break Bitcoin’s incentive structure, the Game Theory, or break everything about why the whole system simply works? Change POW, you break Bitcoin. Bitcoin is proof that POW is superior. POW as implemented in Bitcoin is Satoshi’s REAL breakthrough. I am not sure what your concern is. I was clear that I believe that POW is superior to any other means of mining in the portion of my post you quoted. I have an open mind to be willing to listen to arguments to the contrary. I was also clear in the portion of my post you did not quote that I don't think the OP is making valid arguments against POW. Having an open mind does not mean I will agree with any proposal supported by flimsy evidence, having an open mind means I am willing to debate someone on the merits of a proposal and am willing to listen to a debate on the merits of a proposal, and am willing to change my mind given a sufficiently strong argument and evidence. Believe it or not, but I am a very smart person, and I have the ability to evaluate the evidence presented to me, for or against a technical argument. It is also healthy to have these types of debates so the community can have confidence that POW is in fact superior to alternatives. |
|
|
|
I am glad Biden is actually showing leadership on the topic of Israel. It is too bad he is not condemning the extremists in his party. This is unlikely to happen if Trump still is the president. Lots of things happening in Isreal and Palestine where Palestine is bombed and driven away from their own land. Its no secret to the world that it's the US that provides weapons for both parties. It would have been avoided if these weren't sent to them. Biden looks more terrible than Trump. The US does not provide any weapons to Hamas. The closest thing the US has done to supplying weapons to Hamas is releasing Billions of dollars to the Iran government, and while this should be condemned strongly, I don't think this had any impact on Iran supplying Hamas weapons. |
|
|
|
BTC will NEVER change from PoW for the simple reason that PoW is the single best way to ensure the blockchain integrity: Attacking it requires a huge amount of hardware and energy.
I don’t think it is good to have absolutes. FTR, I believe that POW is superior to POS, and I am not aware of any superior means to mine above POW. I do however have an open mind and am willing to support an alternate means of mining if there is substantial evidence that POW is creating unnecessary risks for bitcoin and that there is a superior means of mining. I don’t buy the argument that POW results in waisted electricity. I think the major risk that POW creates is that mining tends to be concentrated in areas with very cheap electricity. This creates the risk that a government with cheap electricity could seize miners equal to 51%+ of mining capacity. Another drawback is that POW results in governments being able to detect the physical location where the miners are. This gives governments additional influence over the miners because they cannot hide their activity. |
|
|
|
Eg if someone has dirty coins and they get them into these platforms, am I at risk for getting some of them when I withdraw the coins I put in to try to get interest?
When you withdraw from this types of service, it will be clear that you are withdrawing from said service. It would be as if you were withdrawing from an exchange. |
|
|
|
I am glad Biden is actually showing leadership on the topic of Israel. It is too bad he is not condemning the extremists in his party. |
|
|
|
|
IMO a BTC ETF is eventually coming to US markets. However, IMO, it is already easy enough for most people to buy bitcoin that an ETF is not going to have the same impact as it would have 2-3 years ago. You can buy "bitcoin" on PayPal and on robinhood, both of which act very similarly as a ETF would from the perspective from an investor.
|
|
|
|
with a fully-fledged server, you can run multiple lightning instances anyway. Maybe running 1 or 2 LND's will prove useful for different reasons, I'm not currently in your position where I have a decent enough machine to try.
Maybe keep the Pi as a local watchtower, powered (also the internet router) with a UPS? Or at some other location, of course.
I would rather keep a watchtower on a VPS versus trusting my local ISP to maintain sufficient uptime. While both are rare, my internet goes down more frequently than my power goes out. If you keep regular backups of information needed to maintain a watchtower, if your VPS goes down for whatever reason, you can easily spin up another VPS in another region or cloud provider and have it watching for old channel state closing transactions quickly. Or better yet, have multiple VPSs by multiple cloud providers always running. |
|
|
|
USDT which is an amount comparable to fiat money which is solidified like it will be safe, unless fiat money is added to make it back or add to circulation in crypto it could, and will not possibly fall to 0, because many people hold it and believe it to be stable coin.
So you saying the whole USDT stablecoin is backed by trust from its holders? So as long there's trust it will still be stable at $1 even though a judge in a courtroom finds USDT Teher guilty? Wil exchanges still trust USDT and not delist it even though they will face legal enforcement from authorities to delist it? USDT is backed by dollars, dollar-like (such as bank accounts denominated in dollars, treasury notes), and others assets. There is currently approximately $162 million in assets held by tether's USDT accounts in excess of issued tethers. There is some trust involved that tether will continue to redeem tethers for $1. This is true for all stablecoins. When you say 'Impact', what do you mean by that term? Do you mean impact the stablecoin market in price like for example instead of $1 USDC and Dai can drop like 50% to 50cents each?
The only reason USDC would be worth less than $1 is if they are not backed. Period. Even if the market suddenly panic sells everything and USDC goes to $0.50 on the exchanges, you could buy them for $0.50 and redeem for $1 on Coinbase. This is why USDC will not trade substantially below or above $1. The friction to exchange dollars <--> USDC is very low. The friction to move dollars into/out of coinbase is also very low. The above is also why USDT will generally not deviate from $1. There is a little bit more friction with USDT, but that is only because they market themselves to larger traders, while coinbase markets itself to retail investors. |
|
|
|
Whatever professional courtesy is required, as long as the 'no altcoin giveaway' rule is going to remain as-is, I think there should be a warning in the games and rounds sub. Having forum members post a LTC address to receive payment for a low effort task is a violation of forum policy as currently implemented.
I also don't think it is entirely unreasonable for someone to read the forum rules, and in good-faith host a giveaway that gives away both an altcoin and bitcoin, and believe they are following the rules. Moderators are experts of forum rules and policy, but normal users are not. Assuming the person has not caused major problems in the past, I would argue for a reduced ban 'punishment' that is reduced by 1/2, or so.
It seems to me that the OP is trying to get his foot in the door in starting a business managing advertising campaigns, and is having trouble doing so due to high transaction fees when measured in USD. I would say that healthy competition in the marketplace benefits everyone and that when possible, barriers to entry into the marketplace should be low. As such, I would repeat my suggestion that the rules be changed to allow for on forum giveaways upon the host paying a fee that is intended to cover the cost of resources expanded by the forum associated with allowing the giveaway.
I've already PMed both Cyrus and hilariousandco about creating a new sticky thread in Games and Rounds yesterday, but they haven't responded yet. Regarding the duration, as I've mentioned, I didn't feel like it was my call considering that the altcoin incentive was rather clear and IIRC I have not seen theymos reduce ban duration for organizing altcoin giveaways. As for rule changes, that's something you're going to have to petition theymos - I don't really have much say in the matter. Thats fair enough. Most of the time, my participation in these types of threads is advocating for or against rule/policy changes, not that rules are being enforced incorrectly. The latter would generally be fairly cut and dry, and any mistake in implementation would be quickly pointed out, and the issue would be quickly solved. Also, FWIW, I have always seen you conduct yourself professionally as a moderator, even when those you are dealing with may not be. You can give away BTC in Games and Rounds. I've also seen many casinos give away small amounts of Bitcoin credited to the user's account. Those amounts are often lower than the withdrawal fees, and those giveaways don't get banned. One could argue this isn't Bitcoin, but a token on a website. I can't say this is better than paying LTC on-chain. The intention of the rule in question is to prevent people from promoting altcoins, and to keep the main subs related to bitcoin. In my eyes, a bitcoin IOU is the same as bitcoin, except it has counterparty risk. This is the same for any exchange, casino, or service that accepts bitcoin deposits. |
|
|
|
And you literally said whoever allowed footage of the george flloyd murder to be made public ahould be crimimally charged. Almost as if you only think footage that is good politically should be public and none that doesnt.
That is not what I said. I said that those who withheld the additional bodycam footage of Floyd's arrest that shows Chauvin's knee on Floyd's back and shoulder should be held criminally liable. The additional footage could have stopped the riots, where dozens of innocent people died. As I am calling for in the January 6 protests, I think more footage should have been made public in the Floyd case. No, there is not enough footage showing what happened during the Jan 6 protests. There were tens of thousands of people at the protests on January 6, and hundreds of people went inside the capital. The capital building covers over 175k square feet. There was over 5 hours from when Trump's rally started to when the Capital building was finally cleared. |
|
|
|
LOL https://www.reuters.com/world/us/us-seizes-90000-man-who-sold-footage-us-capitol-riot-2021-05-21/This man was a left wing activist/rioter that breached the capitol building and captured footage of the Ashli Babbit shooting, to which he appeared on CNN and was able to make 90,000 USD off selling the video. The feds seized his 90k pay day, and he's being slapped with rioting related charges. He claimed he was a "journalist". Don't think that excuse will hold up in court but we'll see. According to the report, he was encouraging those at the capital to cause damage. Once you start encouraging people to riot, or otherwise commit crimes, you stop being a journalist. If he had simply kept his mouth shut at the capital, he would be $90 grand richer. This obviously goes against the narrative of the Democrats. It’s too bad that so much of the security footage has been kept from the public. |
|
|
|
As such, I would repeat my suggestion that the rules be changed to allow for on forum giveaways upon the host paying a fee that is intended to cover the cost of resources expanded by the forum associated with allowing the giveaway. From what I've seen, funding in general isn't the problem. My understanding is that users would give away altcoins in a way that each account would receive fractions of a cent worth of the altcoin, but said altcoin would receive basically free advertising/promotion. Allowing altcoin giveaways would also lead to many more people joining the forum solely for the purpose of claiming these giveaways. We would see more accounts with 5000 posts with no merit, and almost all of their posts would be in the bounty altcoin giveaway sections. The costs associated with these types of threads will quickly add up. With some decent marketing, we could see some giveaway threads with 10, or 100 thousand (or more) posts, and a multiple number of page views. The cost of storing 100k posts, plus 2x+ page views for thousands of threads will quickly add up. |
|
|
|
The thread in question appears to have been originally posted in games and rounds. IMO, it would be best to post a sticky in this sub clarifying that altcoin giveaways are not allowed anywhere in the forum. Over the years, various altcoin giveaways have been posted in the games and rounds sub, and it probably would not be unreasonable for forum members to be unaware of this rule.
Games and Rounds is under the direct jurisdiction of Cyrus and hilariousandco, which is why I'd rather avoid stickying anything there myself (IIRC I've only ever stickied threads in the altcoin sections; even the unnoficial rules thread was stickied by a different mod). So while I (as a global mod) technically could, I feel like that'd be pretty rude. It is a pretty good idea though - I'll have to get in contact with Cyrus and hilariousandco to see what they think. Whatever professional courtesy is required, as long as the 'no altcoin giveaway' rule is going to remain as-is, I think there should be a warning in the games and rounds sub. Having forum members post a LTC address to receive payment for a low effort task is a violation of forum policy as currently implemented. I also don't think it is entirely unreasonable for someone to read the forum rules, and in good-faith host a giveaway that gives away both an altcoin and bitcoin, and believe they are following the rules. Moderators are experts of forum rules and policy, but normal users are not. Assuming the person has not caused major problems in the past, I would argue for a reduced ban 'punishment' that is reduced by 1/2, or so.
It seems to me that the OP is trying to get his foot in the door in starting a business managing advertising campaigns, and is having trouble doing so due to high transaction fees when measured in USD. I would say that healthy competition in the marketplace benefits everyone and that when possible, barriers to entry into the marketplace should be low. As such, I would repeat my suggestion that the rules be changed to allow for on forum giveaways upon the host paying a fee that is intended to cover the cost of resources expanded by the forum associated with allowing the giveaway. |
|
|
|
LBC is an escrow itself. I don't think it is possible for a person to escrow a transaction on LBC. LBC will also only facilicte certain types of transactions.
I haven't looked at LocalBitcoins in a while, but I was under the impression that you could choose to not use their built in escrow services, and contact your own if you wanted too? I haven't used it in a few years, but I'm sure that was possible when I used it. Seems a bit odd that they would remove that feature, you know to promote being decentralized, and all that. I guess its less liability of their hands, if someone selects a untrustworthy escrow. It has been a solid 3-4 years or so since I have used LBC, before they started requiring everyone to complete KYC, and stopped allowing in person cash trades, but I don’t recall ever them allowing traders to not use their built in escrow. I guess you could say that you weren’t using their escrow if you were doing a face to face trade, or at least it would be very difficult for them to mediate any dispute. |
|
|
|
|
Show Posts
