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Has there been any decent legitimate BTC wallet in recent memory that is closed source?
I know coinomi and some other multicoin ones are closed source, or at least don't have the current versions out there but I can't find any BTC only that don't have their code available to poke around.
Granted I only looked at the top 10 or so. But a new account, and closed source, probably not legit.
-Dave
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@gmaxwell actually only mention possibility that he's distributing malware, hence why he's not banned.
Based on the possibility we can not send negative feedback too, that's my opinion however I see there are many negative feedback already left. I am not defending the user but I am trying to figure out the best course of action. When I am in doubt, I believe in leaving a neutral feedback but sometimes it becomes negative inspired though. It's not just the fact that he may be spreading malware. It's the fact that he is also deliberately spreading wrong / false information. I don't mind the FUD by itself, but combined with telling people the wrong things does leave open the possibility that people who don't understand may be harmed by his statements. Sooner or later letting people like him stay around is going to cost someone their BTC. -Dave |
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Use https://www.walletofsatoshi.com/ It's a custodial wallet so don't leave your funds on there for long but they do the entire back end for you. You can send lightning to it and then send the funds to any segwit address you want. Yes, in theory they could implode as you are moving your funds but they have been around for a while and are active in development being a wallet. Not something I would loose sleep over unless you are talking about a whole lot of money. And they you just chunk it out into smaller amounts. I don't think a synology NAS is going to have nearly enough RAM or CPU power to run umbel. And then you have to open channels and to other work too. -Dave |
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bitWallet looks like it's still (somewhat) active: https://apps.apple.com/us/app/bitwallet/id777634714http://www.sollico.com/bitwallet/Did you try reaching out to them for help? If they did something funky in older versions of the wallet they may be the only people who can help you. This was not unheard of in years gone by, everyone wanted to do their own thing to make their wallet different. If it is indeed something corrupted in the wallet itself you are probably not going to be able to retrieve it too easily. -Dave |
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It's understandable that plebs like us would be more paranoid after the crash of FTX Just want to point out I'm not paranoid about anything, because I don't store a single satoshi of my money on a centralized exchange. Every exchange in the world can go bankrupt if they want - my bitcoin will be just fine.  It's just mere coincidence that Binance consolidated their wallets. I don't think it is. Binance started to publish their "proof of assets" bullshit last week. Then it all went silent. Perhaps they are scrambling to consolidate everything they can because right now they don't actually have proof of reserves. Or perhaps they are also having a liquidity crisis due to mass withdrawals, and are rushing to refill their withdrawal wallets. They could have done this gradually over the last several months and paid 1 sat/vbyte for it all, but instead they choose to do it all right now to do it and spend a huge amount on unnecessary fees to get it done? Not a coincidence. It could also be because as I said earlier their coding is so bad, they don't know what they have. Lots and lots of wallets all over the place, a database out of sync with them, knowing they have 'enough' in cold storage but now they are all in a panic because they have to be sure. I know it's an old saying but never attribute malice to something if incompetence is just a likely. "Real" financial institutions have more security and programmers working for them then binance has staff. They have been hacked several times, had the issue on the cross chain bridge last month. And so on. They might have the funds, they might not, they might not even know.... -Dave |
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So since I had the spiffy 35% off coupon [ https://bitcointalk.org/index.php?topic=5421345 ] for a keystone I ordered one. Was correct in my assumption that at least in the US they use Amazon for fulfillment. So at least here, you can probably get it delivered anyplace.  As always YMMV and based on what country you are in it will probably vary a lot. -Dave |
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Just like @Dave said it is easy for Tech guys to get new jobs once laid off but those on management
you would be surprised by the opposite certain towns only have a small amount of tech companies. so the employment pool of "tech" is small however management is wide. you could be manager of a mcdonalds one year, then a supermarket the next then a accounting company the next. generalised skills/experience/qualifications like business management open doors more widely than computer science every business needs a manager. not every business needs a code developer.. when it comes to promotion prospects lets say you start as a McD's burger flipper and work your way up going into management opens more doors than training to be the grill repair guy(technical skill qualification) Yes, but most of the places being discussed are in major metropolitan areas where there are a fair amount of other tech businesses or businesses that need tech in general. Being in the middle of nowhere is always going to be an issue for some jobs. The other side is also, if you are at 50%, what else is out there and what is the pay for it in the 'anyone can work here' job. If you were making $70,000 a cut to $35,000 puts you at $17.50 an hour. (50 weeks / 40 hours a week) if the local job market is paying $16 an hour for no brain - no stress work it might be worth it to go to $33,000 a year and not have the stress of working at a company that is obviously having money issues. -Dave |
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But on a bright note the Gemini credit card now give 10% back up gas and electric vehicle charging purchases up to the 1st $200 each month.
Back to the serious part of this, did anyone really ever believe those 8%+ returns or were people thinking that I'll get out before it implodes and takes everyone else money with it, but I'll get our on time?
Just about nobody ever does, everybody gets greedy and it all implodes around them. But, I wonder how many people really think that.
Also, as a thought, how many of these implosions are because they can. As in we are solvent and making money, but we can shutdown and run with the funds and get lost in the pile of everyone else doing the same thing.
-Dave
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Assuming this is a US based question I would take the lay off. October was the worst month so far this year as far as I can see in terms of the economy adding jobs and it was still over 250,000. Big Tech is laying off people. There are still a lot of places hiring like crazy.
Obviously, a lot depends on your skill set, but a good general programmer or manager at this point can get fired before breakfast and be working by lunch.
Having a more specialized skill set may make the job search more difficult but there are jobs out there.
I discussed it a while ago somewhere here, but I know someone who worked for Gemini that got laid off earlier in the year. Took her severance package, goofed around / relaxed for a bit, and then got a job in under a couple of weeks once she looked. Others didn't even take that long. All while the fear mongers were screaming 'the sky is falling'
Even low skilled retail / service places have signs out. Apply today - work tomorrow.
-Dave
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yep it only needs 0.25% of bitcoiners to pool jump to BSV pool to 51% BSV network
A bit more then that since it would only be 50% :-) Eliminating the people trading it, there is an ass for every seat so to speak so if you try to sell something people will buy it. What I still don't get is the fact that after this last fork they are putting out that exchanges are not dropping it. With this for they can now confiscate coins that belong to anyone, including exchanges clients. Even if the exchange did nothing wrong but they decide *these* coins are now ours poof go those coins. How can you operate like that? Up until they released the code this entire thread, although accepted as true was for the most part an academic discussion. Well, it's no longer academic it's here. If you have coins on an exchange that has not dropped BSV, or announced their dropping it some advice: https://www.youtube.com/watch?v=_Uvcra0Gnus-Dave |
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Issues like this BSV backdoor present a general risk to users of exchanges that support BSV (Robinhood and Bitfinex being the two best known)-- if the backdoor ends up making these exchanges significantly insolvent with respect to the BSV customers it's likely that customer assets will be pooled in a bankruptcy creating risk for customers prudent enough to not touch BSV.
Some additional context that isn't in the article is that the same fraudster is using a dozen current and former open source volunteer Bitcoin Developers demanding that they publish Bitcoin software with an equivalent backdoor or pay him billions of dollars in damages.
We defeated the lawsuit in a pretrial action with the UK courts denying jurisdiction on the basis that the case had no serious chance of success. He sought permission to appeal and unfortunately it was granted. So the case appeal will be heard starting December 7th.
I think the case has concerning implications far beyond Bitcoin: if case law in the UK is established that OSS developers can be sued, forced to take on on millions of UKP in legal costs, because a user demands a backdoor be introduced because they claim they suffered losses at no fault of the developers, in spite of the unambiguous MIT expat disclaimer of liabilities, even years after they stopped working on the software (as is the case for me, for example)... then that is bad news for open source in general.
Mr. Wright's demands are particular absurd and his facts particular deficient, since they're all predicated on his obviously falsified history of Bitcoin usage. If his case can escape summary judgement than pretty much any well funded case could.
It's important as open source developers that such frivolous cases can be discharged at the earliest possible juncture to prevent the legal costs from being personally ruinous.
Is the EFF getting involved in this at all? I can see this as being something that they would help fight in terms of the OSS. Also, I know there was a legal donation fund for Hodlonaut is there a similar one for this? What gets me is that there are a lot of big name people with a lot of funds who support crypto, and they just stand on the sidelines when things like this happen. I just don't understand why they don't put up some money. -Dave |
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Shell and other energy companies are getting into everything these days that involves energy. They know that with the amount of regulations coming up for gas & oil it's adapt or die. They are NOT run by idiots, and they have the massive budgets that they can come into any industry and dominate. There has been talk that with Shell (yet again) coming into the electric car charging market that they may crush a lot of the smaller players. Not even to be evil, just because they have such a massive machine they can just come in and take over.
Bit OT but to show how these big players can do what they want. There was a company called KeySpan here in NY, they were a natural gas utility. Since they had the 'right of way' to do a lot of things they also where they could ran high speed data fiber. When looking at costs for dark fiber, they were always the cheapest by far. Just because of their size at the time. The fiber side was sold off to another company and the gas side was also sold, but for a while they were on top.
Shell, can do the same to any market they want to get into, but unlike KeySpan, are probably never going to be acquired or sell off parts of their business.
-Dave
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You could also use tor instead of a VPN. Not knowing where you are it's tough to say which would be better.
For the most part the issue with a VPN is you can't connect back to your node from the outside world, since most (all?) VPN providers don't allow you to run services on them.
With tor you can always connect to your node / Electrum using your onion address.
However, tor may require a bit more to configure then just clicking an exe file.
-Dave
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You do have a point, but they could:
* do much fewer batches of consolidation if they want to // no need to do all in one day
* do partial consolidations together with the actual user withdrawals (that would be imho a smarter implementation).
Playing devil's advocate (with a disclaimer that I know my client is worse than satan  ) - we don't know how many coins they have that they can't actually spend, and we don't know if they are not scraping every satoshi at this point - maybe the wallets are under different supervision? Actually, this does make a lot of sense to me as I would want to limit the access of every single individual. Yeah, it's a stretch but this is the best I can come up with. * what if, while we were cheering this year for how much bitcoin has left the exchanges in 2022, this was more due stealing/working on fractional reserve than user withdrawals? (I know, this may be a bit paranoid though).
Highly possible! I've said like ten times this week, all these companies have costs to run, if there is no money flow they will need to either take loans or find "investors", when these options run out, you touch the honeypot and you promise yourself you will cover the losses tomorrow, then next month and so on. To be honest, this is so messed up I don't know what will be good or bad for the ecosystem right now, I'm wondering if those morons have played with a fractional reserve, and they don't have our coins if a bulls run starts, we hit 100k and everyone rushes to sell and take the profit, will the inflow be able to cover the losses or they won't be able to buy back the coins and honor the deposit, triggering a drop worse than ever? The other possibility, which I thought of while sitting in the bathroom, what if they are really so messed up on the back end they don't know how much money they can pull together. They have a database that says we have X, they have wallet addresses that say they have Y, due to crap programming they really have Z. Because they have a bunch of addresses with dust that can't move and a bunch more with such small amounts that even at 1 sat / byte it just does not pay to move them. They have done this before, the combining of a massive amounts of coins, and unless it is for security or audit reasons there is no point to do it except for manipulation or profit. I will say that security and audit are both weak in my opinion. Security should be the same for 1 sat or 1000 BTCAudit should also not matter you either have the funds or you don't. -Dave |
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What we really need is for somebody to get Bernie Madoffed (yes it's a term now) for a fraud like this and then die in prison. Or at least get a prison term that means they will eventually die there.
Not saying it will fix the problem, people will always want to get some of the 'free money' and there will always be someone there to swindle them. But, without any fear of punishment there is no reason to stop.
Just my view. But, like the Onion headline ChiBitCTy posted, so long as we expect to get scammed and the people scamming us to get away with it, it's going to keep happening.
-Dave
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Budget is also important, you can as been shown do it for $50 or $60. You can do a nice RPi build for a couple of hundred with a SSD and a full PC build with RAID for $500.
Each has it's advantages and disadvantages.
There is also learning, do you want to go to the store, buy a prebuilt PC, download 1 file and go. Or, do you want to compile it from scratch on a linux box you built yourself.
Nothing is wrong with any method, but if you don't want to compile anything and don't want to spend a lot, it is a different answer then I have $749.00 and just want it to work.
-Dave
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Or is he trying to combine his coins for when people start to massively withdraw from his scam exchange so he can charge his users massive fees and have transactions with fewer inputs, send out all of his withdraws at 1 sat/vbite anyway and they will be small and still confirm. In the end it costs them more or less the same, but it lets him screw over more people that way.
Either way, it's Tuesday AM where I am and it will still probably clear by the weekend so at worst it's a few days.
-Dave
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It might cause a lowering the quality of the posts for a lot of the lower ranked posters in a lot of campaigns. At $40 a week, if you are feeling the pinch of inflation you may not put in as much effort. As for raising the rates, there really is no reason to until someone else comes along who is competing to get the better / higher ranked posters. https://bitcointalk.org/index.php?topic=615953.msg61283423#msg61283423-Dave |
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