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16001  Bitcoin / Press / [2018-03-27] Gold Castings of Nelson Mandela’s Hands Sell for $10m in Bitcoin on: March 27, 2018, 07:17:39 PM
Canadian cryptocurrency exchange firm Arbitrade bought four gold casts of the first black South African president’s hands for a massive USD 10 million, paid in Bitcoin, at its PDAC conference recently. The firm was planning to launch a global “Golden Hands of Nelson Mandela” tour to educate young people about the anti-apartheid icon’s life.

Arbitrade has paid Duncan a Bitcoin deposit that has been converted to USD 50,000, the rest payable in quarterly instalments of over USD 2 million.

“They take possession when I have the dollar amount in the bank. At two-and-a-quarter million at a time, they take one hand at a time,” Duncan was quoted as saying.

To read this in detail: http://bitcoinnews.com/gold-castings-nelson-mandelas-hands-sell-10m-bitcoin/

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Bitcoin News also publishes weekly roundups of the latest developments in Bitcoin, blockchain and cryptocurrency, continent by continent, country by country.
16002  Economy / Service Discussion / Re: Payza Faces Major Money Laundering Charges in the US on: March 27, 2018, 05:09:34 PM


Okay. Then would you agree that mixing services are also bad because they assist those same bad and disgusting people in hiding their transactions?

it's not the fault of the mixing service, it's the fault of the person who uses the mixing service to do bad things.

Are you willing to give up your signature campaign if a child pornography ring was using Chipmixer?

you should realize that having a mix service does not mean that you are promoting crime, people who use the  mix service for malefic purposes is who are guilty.

In the case of payza, it is the owners who are dishonest



Its not Payza who's exploiting those children either. The service is merely laundering money, the same way Chipmixer knows and is also mixing the child pornographer's BTC transactions. I have nothing against those services, but you do.

Then why dont you stop promoting a service that assists child pornographers?

There's a difference in a service actively facilitating, aiding and abetting. I wouldn't abandon this forum, even if it arguably helps scammers get word out on their scams by being allowed to post in the Gambling>investor based games. I wouldn't abandon Bitcoin even if it used to be the currency of choice by dark markets. Or Monero, for that matter.

There is a difference. And contrary to what you might think, the ideology behind privacy isn't criminal.
16003  Economy / Web Wallets / Re: [Discussion] Exodus and Neon Wallets: “Quite Vulnerable” on: March 27, 2018, 01:53:53 PM
This is new to me. I left Exodus (yes, the irony) actually after they dropped support for Dogecoin with what I felt was inexcusable reasons for lack of developer response (despite getting contradictory responses from actual Dogecoin devs on reddit). Basically, there just doesn't seem yet to be a solid and secure option yet for multi-crypto wallets.

As tryninja says though, you're really only at risk if your device is compromised... Would need a fellow developer to replicate that exploit though, the way the Jaxx exploit was.
16004  Bitcoin / Legal / Re: Australia Seeks Public Input on Crypto Tax Guidelines - CoinDesk on: March 27, 2018, 12:36:59 PM
Looks like they're going the way of EU and even Malaysia in seeking public input. Note that this doesn't necessarily guarantee that their existing stances will sway. The current administration has been rather cynical when it comes to revenue derived from crypto. It's partially reflected in how they're looking at new rulings for online gambling (which arose from bitcoin use in online casinos). Expect at best that they'll adopt a quasi-Western Europe approach that will tax capital gains, if not outright transactional volumes.

This was the country that introduced GST on crypto, at least there's no VAT on crypto in EU.
16005  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it possible to automate cryptocurrency transactions? on: March 27, 2018, 10:17:53 AM
Confirming that Electrum has that ability for batch transactions (send to many) and it works perfectly. It's probably not the automated feature that OP is looking for though, as you still have to manually enter all the addresses and amounts, but you can upload a CSV file (click the folder icon and choose the file in the 'Pay' field.

Perhaps the Coinbase API might work for something OP is looking for? BTC, ETH, LTC payments: https://developers.coinbase.com/
16006  Economy / Gambling discussion / Re: International Games Prediction Thread on: March 27, 2018, 08:52:33 AM
Lost my Portugal bet thanks to van Dijk and ex-Liverpool Babel getting on the scoresheet. Friendly but still I guess Ronaldo spent all his reserves to overcome Egypt. No matter as I still offset the loss with a doubler and some on the England mauling of Malta. Fully expected.

Got a few interesting games for U19 tonight but I'm staying away from these as just never know if the young guns can score but plenty of doublers if you like betting over 3 goals...
16007  Bitcoin / Development & Technical Discussion / Re: The Lightning Network's penalty system in action on: March 27, 2018, 05:23:28 AM
No.
The protocol doesn't care.
As long as you do not follow the rules and broadcast an old channel state, either by cheating, or a unilateral transaction when the timelock isn't over, then your counterparty will get your revocation key and can claim your bitcoins in the channel.
Same with with bitcoin and other cryptocurrencies; when a user gets phished and downloads a malware wallet, or is hijacked by a clipboard malware, it doesn't matter that the attempt wasn't deliberate, a mistake  or fraudulent, what other nodes see is a valid bitcoin transaction that can be mined.

So, if the problem is from a user's wallet, then it's not the fault of the Lightning Network since the protocol works as intended.

Thank you, that does clear it up a little bit more! Does anyone know if the counterparty did end up claiming the perpetrator's coins? If not, what happens to the unclaimed coins when the channel closes?

According to this now deleted thread this is a balls up, not an attack. 

https://archive.is/mfpkJ

Technical error by an honest user who got caught out by the network doing its thing. Perhaps lightning networks have a bit further to go than many expect before they're fully foolproof.

I'm not questioning how the network follows and enforces protocol rules at all, but yes, there'll be plenty of users like yours truly who'll desperately want to help test/use, but not if we'll probably end up breaking rules... that's the nature of new tech I guess.
16008  Bitcoin / Legal / Re: Double Citizenship. What to do when joining ICO Illegible is 1 of the countries on: March 26, 2018, 04:16:52 PM
Most of the time in these cases, the less positive option is also going to be the applicable one. It's not very clear at the moment how nationalities apply to ICOs - especially when it comes to resident status. Some ICOs restrict from location, rather than nationality - although it is the latter that matters. To be sure, most have never prevented residents who accessed from locations outside geographical locations, although now with increasing KYC documentation, this circumvention could pose problems for perpetrators.

Then, you have it on the basis of tax/revenue jurisdictions. I still maintain my original nationality, which happens not to charge tax on any income earned abroad while living/working abroad, but tax applies to me in my current jurisdiction of residence (and I was very used to working with specific tax agreements in the various countries I've worked in).

To OP, if you're referring to dual nationality, bear in mind that most countries do not permit it. If I'm not mistaken, Brazil doesn't, so regardless of how you view it, you're Brazilian in Brazil, and the US might be inclined to view you as the same, but party to American regulations. Best option now is to consult a legal practitioner for clarity. We're all guessing here.
16009  Bitcoin / Development & Technical Discussion / Re: The Lightning Network's penalty system in action on: March 26, 2018, 03:47:10 PM
Captain Unobvious here. I think I understood the gist of the message here, but is anyone able to show a quick breakdown of which parts of that code demonstrated the detection of behaviour and resulting penalisation? I concede it just escapes me.

Also, will this or did this translate successfully on chain? Or does that not matter?

And if Xynerise is correct, that the attempt was inadvertent... is there a way to determine if such attempts (to broadcast stale state) will be deliberate or not?
16010  Economy / Speculation / Re: Zhao Dong Recounts How He Lost 9,000 BTC on: March 26, 2018, 01:43:10 PM
Just seems like another person who probably is only so much in profit because he went big and got lucky. Anyone who has been in bitcoin since before 2014 should be in a huge profit, it's almost impossible not to be.

Actually, that's not necessarily true. Given the fact that Bitcoin's price peaked at around $1000 in 2013 & Bitcoin is at $8000 now, you'd have made +700%. However, that's only a huge profit if you invested a huge amount of money. Want to be a millionaire? Well, then you should've invested $125k back then. I doubt a lot of people dared to take that risk.
Then of course the fact that the crash held Bitcoin's price far beneath $1000 for months to come (years actually)...

Besides, only the guys who held Bitcoin since then are in a huge profit. I like to use Bitcoin for what it's made for: Buying stuff with it & selling stuff for it.
The moronic speculative mentality most of the Bitcoin holders currently got is destroying Bitcoin's purpose & has turned it into a bubble. Sadly, that's not dumb FUD, but plain reality.

However, I agree that Zhao Dong is probably just another person who had some insane luck gaining so much money. Just like a couple tens of others who are now millionaires, just because they were lucky enough to hear about Bitcoin early on.



This is what I feel, and somewhat refreshing to see such an old hand crediting a fair share of success to pure luck. It's a sign of maturity to acknowledge that luck is sometimes what makes or breaks.

I wouldn't say all holders are bad for the market though, just the same way all sellers can't be bad. I definitely think we owe a lot to people who use and spend, the Lazslos who bought pizza, and the bct users who spend in the goods section. No makers, no takers, right? But holders are also those who advocate long term outlooks. Which seems forgotten by the goldfish memories of mainstream traders...
16011  Economy / Gambling discussion / Re: International Games Prediction Thread on: March 26, 2018, 12:28:10 PM
Right guys. More dullness of international friendlies, but plenty of sweet betting deals as always. Missed the early games already, but I got a nice feeling about the following games:

1. Finland -2.0 @2.3. Malta are regular whipping boys, but Finland aren't exactly all attack either, but should still easily score 3 goals with no reply. There's over 2 goals @1.5 if you prefer a safer bet.
2. Portugal should make short work of Netherlands and a ML bet @2.2 isn't too bad.
16012  Economy / Speculation / Re: Bitcoin will go down! on: March 26, 2018, 11:49:51 AM
Oh yawn, since when has 7000 bitcoins meant anything these days? Enough Mt Goxxing, this is the pullback that was bound to happen after the G20 attribution last week. Bears are gathering round this wintering market. The US Taxman has a mid April deadline before it starts going after all the people supposedly evading tax, so that might play a little into crypto sentiment in North America. Any hopes of Bitcoin stabilizing during the remainder of March seems to be fizzling out today, but there's still plenty of positives to take from Bitcoin's resistance at these levels.

Can't say I'm upset we didn't see 9.5k as I thought last week. Just more buying opportunities, I say.
16013  Bitcoin / Press / Re: [2018-03-26] The Crypto 'Kill Switch': Monero Is Going to War Against Big Miners on: March 26, 2018, 10:01:13 AM
Bloody hell, I had always had a certain amount of respect for the Monero devs but this reactive finger to Bitmain has got to be one of the most recent examples of just how much serious developers dislike corporate mining interests.

Of course, this could easily be seen as an unnecessary intervention or even intrusion into decentralised territory. What's for sure is that ASIC resistance seems to be temporary at best. Bitmain and their ilk don't stop at much.
16014  Bitcoin / Bitcoin Technical Support / Re: Was i phished? on: March 25, 2018, 07:07:33 PM
If you haven't already done so, it's time to use your personal user account on your web browser. Use it to store bookmarks of every website you frequent (after verifying they're legit of course), so you lower your risk of visiting a "fake" site / phishing link. If this is the second time it's happened, don't wait for the third.

There's probably more secure ways but it's a simple step to start with. I use a Google account on Chrome for most web-related things now - even my 2FA - so even if I lose my device, I've just restore my account from another. Password's all memorised too, mnemonic seed style, works for me.
16015  Bitcoin / Development & Technical Discussion / Re: Bech32 for Onion address V3 on: March 25, 2018, 03:47:28 PM
My simple answer: no. As far as I understand, the tool from nullius is for encoding/decoding - NOT for generating... so your output looks valid. It should be a bech32 encoded address (which if decoded should return to you the original address  - but that is not a valid bitcoin public address.
16016  Bitcoin / Bitcoin Discussion / Re: Technology should make things simple! on: March 25, 2018, 01:12:05 PM
Technology has never been uncomplicated.
The term "Technology make things simple" only targets the mainstream which aren't the main users of any technology, they are the end-users.
It was advertised "as is" by the developers, manufacturers or service providers of technology-based products/systems, which doesn't see technology as simple as end-users experience.

Those hardware wallets, full nodes and 3rd-party clients cannot be considered as end-user items/software, that's why those has never been simple to use for a regular user.
What can be considered as an end-product is (for example) Coins (Payment system based in Asia). With that, people (whatever the age) can use bitcoin for paying bills online, remittance and personal trades without even having a single idea of what bitcoin is. (The same reason why there are too many Asian spammers here)

Isn't that sort of the point of OP bringing it up? If mainstream use for Bitcoin is what's desired, then the developers should see tech as a simple end-user experience. I'm as mainstream as it gets when it comes to Bitcoin users and I'm fully certain OP is many times more able than me technically - which is why I'm very thankful for the simplicity of Electrum. Ledger certainly should be, they subscribe to the French Consumer Code anyway =p

Even on basis of that count, I'm not sure I agree that hardware wallets can't be considered end-user products. Or is it really the aim that hardware wallet owners should still retain elitism?
16017  Bitcoin / Development & Technical Discussion / Re: GDPR and Blockchain - A problem for Blockchain on: March 25, 2018, 01:00:54 PM
It will be a massive problem but only for all the private blockchains and the hundreds of ICOs thinking they did themselves a favour by collecting KYC, who will certainly need to assign data controllers and data management officers to purge data off the blockchains - finding a way to satisfy three parties: GDPR enforcers, EU citizens exercising their rights to be forgotten and all their blockchain participants who require all manipulation and amendment of data be made transparent to them.

GDPR isn't just going to be a recommendation either. No transposing of it, flat out directive that needs compliant.
16018  Bitcoin / Bitcoin Discussion / Re: We need cartoons about bitcoin to promote on: March 25, 2018, 12:07:20 PM
If you're really interested in bitcoin cartoons or similar, check out the Goods section in this forum. Comic books, t-shirts, posters, even puzzles. Personally, am not a fan of those cartoonisation attempts at Bitcoin, but I get the appeal, and some items I've bought of that nature have really seemed to stir some interest in my young ones (yes, I've been slowly getting them to come onboard!). If cartoons of a coin with arms and legs are what it takes to get proper mainstreaming happening, I'm all in.
I think it's a good idea that cartoons can be one of the best ways to use in promoting bitcoin, so it will be more interesting, and fun while learning this technology. However, I hope that the essence and significance of bitcoin will still be emphasized and will not be overpowered by its attractive character design. As a bitcoiner and those who wish to join, I hope together we shall instill into our minds, comprehend, and live what we have learned.

Like I said, I think there's nothing wrong with how anyone chooses to portray "Bitcoin" - and it is really, really interesting to see some of the social experiments that have been made about this, on how people imagine Bitcoin to be. And perhaps it is the psychological or creative imagery of Bitcoin that's the only thing important here.

I'm all for essence and significance... but tough to see how it can be emphasised on images, especially those currently in use (like this cartoonisation efforts). Symbolism maybe? Google cypherpunk and you get Matrix-influenced pictures haha.
16019  Bitcoin / Bitcoin Technical Support / Re: Is blockchain 100 percent safe? Can the bitcoin transaction be trustful? on: March 25, 2018, 11:34:58 AM
I think we are running off at a tangent here.

Whilst I agree that the DLT itself cannot be "hacked" we have to understand that it can be exploited:

1) Most major blockchains are open source and are developed using open source software/libraries. So although the DLT itself may be considered "secure", a vulnerability exposed by one or more of its core open source dependencies can infer that it is exploitable. A good example of this is the Heartbleed bug.

2) Possibly, the most significant are social engineering methods. We see it every day here: Someone's P.C gets infected by malware and suddenly the wallet.dat disappears or perhaps background monitoring malware replacing  payment addresses, MITM attacks etc...     

Not sure it's off tangent, if you take the entire question at face value, all responses have been relevant. 100% does not exist. Trust in an entity is not even in the equation so yes, in that sense, you can trust the math behind Bitcoin.

Social engineering is still the most efficient way to hack any security system, that much I'd agree. But even all the instances you mentioned don't expose any engineering flaw of the technology... no code was exploited, only humans were.
16020  Economy / Speculation / Re: Is this FUD or a genuine cause for concern? on: March 25, 2018, 10:24:38 AM
That's not true, man. People used to do that, but then the government got smart about it and that's why they banned megaupload and other file2sharing sites. I think I heard that piratebay got closed down too.

government doesn't give a shit about these stuff. the real reason why sites like Megaupload were shut down is because of DMCA. in other words because of copyright laws. sites like Megaupload were a place for people to share copyrighted material such as Hollywood movies and when you mess with big companies like that which lose millions they shut you down.

Exactly! Anyone who thinks the man is there because he's concerned with our welfare's been misled. All those shutdowns had huge corporate interests behind them. There's huge money, huge political interests, to lobby for that sort of move. The government doesn't get smart and crackdown on filesharing because they were threats to privacy - you think the government will crack down and close shop on Facebook? All the court orders in the world weren't motivated by human rights, but by good old money.

Bitcoin's blockchain shouldn't scare us because "no one can enforce anything it" (also not true actually, rules are enforced).
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