I'm now wondering whether those so-called Bitcoin and decentralization advocates who are rich and willing to shell out hundreds of millions to save the likes of Liquid, Voyager, BlockFi, and others, all inferior to LocalCryptos' vision, would also extend the same offer to save a worthy cause. I'm not holding my breath. These buy outs are not done for altruistic reasons to support bitcoin - they are done solely for personal profit, and a decentralized peer to peer exchange just doesn't generate the types of profit that a centralized lending platform does. Good spot. It does seem they have fairly suddenly been hit with regulations or requests to start collecting KYC or similar, and have decided the best route forward it to simply cease operations. Perhaps if there weren't the health issues they mentioned in their statement they would consider moving jurisdiction, but doing so is more than they can deal with at the moment. Although Wasabi recently moved jurisdictions and yet continue to invade their users' privacy, so perhaps it's not as simple as that. The best web based alternative now is probably Agoradesk/LocalMonero and RoboSats, although Bisq remains the gold standard. Let's hope a significant amount of the volume from LocalCryptos moves to Bisq and helps grow its ecosystem even more. The other possibility, which still sucks mind you, is that they looked into compliance and then looked at the cost of doing it and said nope, not worth it. If BTC was at $100k and they were making 5X what they are now and they could have taken it a bit easy to deal with health issues and brought in a few lawyers and whoever to deal with the compliance and whatever else was needed. But it's not, and sometimes you just have to walk away. Would be nice if they open soured their code at shutdown so someone else could run with it, but on the other hand the fraud and scam sites that would start popping up would most likely be insane. -Dave |
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Not an exchange, but it looks like Blockchair will stop supporting BSV (and EOS) in about 2 weeks. You are shown a banner at the top of the page whenever you try to use the BSV explorer with the following text: Please note that on November 7th, 2022 we'll be limiting full public support for the following blockchains: EOS, Bitcoin SV. We recommend switching to alternative explorers. Can't say I blame them when on any given day there are about 5 different chain tips to try to pick from until Proof of Tweet kicks back in and the BSV gods dictate which chain is the One True Chain TM. I'm guessing that since they make their money from selling API access and other services that the cost of keeping the BSV chain up and running and on the correct fork is now costing them more then it's generating. As I said a few posts up, as soon as a business is no longer making money with a coin it's gone if there is a cost to keeping it up and running. If they know which, if any, exchanges are not using their own node(s) but puling from Blockchair then they could know that as of November 7th they are going to have to stop supporting BSV. -Dave |
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I did not use them a lot, but I did use them. Makes you wonder if they ever made a 'profit' running it. Yes they took in money and so on, but did the income ever cover the costs of development and running the site. I would *think* that if it was cash positive enough they would find a way but at the I can make more money working at Taco Bell with less stress point, you do have to let it go.
Yes, I am sure regulation was part of it, but if they were making enough you can move and keep going.
-Dave
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If it's only 10% as stated then VERY short term it might matter, but in the long run probably not.
There are enough green / renewable places to mine for people that want it. And enough other places that don't care where you can have mining farms.
And lets face it, no matter what you are never going to stop home mining and small operators. If you force the big players out of an area out it just means more and cheaper equipment for others.
-Dave
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I would like to start with I would never use a service like this, and disagree with it. Followed with a but, quoting myself here: Opinion / conjecture: Over the years a lot of people opened accounts in a lot of places with information that may not have been accurate then, or over time changed like address / license information / whatever.
And unlike your bank that you by default used legit information with and knew to keep updated with the crypto exchanges they never did. Now that KYC is becoming mandatory a lot of people are having trouble verifying that they live at 1234 nowhere street. Or they moved twice since they registered with 100% legit info but now they can't prove they ever lived where they did in 2014. And so on....
Going back to the motorcycle world, we had a club member have to take a few 1/2 days at work because in 2002 he bought and titled a project bike, but never registered it. Moved a few times since then and lost the title. Went through hell at the DMV trying to get a new one sent to where he lived now, not where he lived in 2001 to 2004.
-Dave
So long as YOU are just trying to get YOUR money out of a service because you either did something stupid but, did not commit 'fraud', and they are making you jump through KYC hoops, I can actually see the need for people to get ID that might not be them. It's sucks and it's just about insane that you may have to commit fraud to get your money back. There are some people that will say 2 wrongs don't make a right, but at what point do you pay someone $100 to make you a fake ID, so you can get your funds out of an exchange / casino / whatever that sprung KYC on you after years of use. -Dave And with the 2 wrongs don't make a right; keep in mind 3 rights do however make a left for the next time you get lost in a new city that has a bunch of no left turn intersections. |
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The positive thing is that Nuri (Bitwala) customers have access to their funds and according to the CEO's letter, they can withdraw their money until 18 December 2022. Not only that, but trading on the platform will also continue until the last day of November. Let's just hope that for the sake of the investors and users, that all that is true. Nuri is a business with German headquarters, so that instills some confidence at least.
The question is how and if did they let their customers know. Did they send 1 email that may or may not have wound up in their spam box, or have there been repeated attempts? Yes, the front page has the letter but if you had their login page bookmarked https://app.nuri.com/login there is nothing about it. I have a few exchange accounts with some dust / small amounts in them. I don't read a lot of the mail that comes from them because most of it is crap. And now they are giving only 60 days to pull funds. Unless they are sending a lot of emails, I can see in early 2023 getting a lot of posts here from users that had small amounts that were just sitting there because it was only $xxx and it was not that big a deal. And now they can't get it. Don't get me wrong, still way better then all the exchanges that disappeared in the middle of the night. -Dave |
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Probably not going to matter much but as @gmaxwell mentioned in another thread hodlonaut won his case https://twitter.com/hodlonaut/status/1583086284792205312So it might not make a difference OR faketoshi might start a scorched earth campaign and attack everyone he can. In the end it probably does not matter anyway. There will always be people who believe him and it's probably not worth anyone's time to change their opinion on that. We can just make sure that the number of people who do believe him is as small as possible. -Dave |
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OR if you work for a government office, which 100% has dirty politicians, then you definitely SHOULD install a Bitcoin node in ALL those government computers. Make them mine unprofitably too! It will be considered a public service. Ot's probably one of the demonstrations of the importance of pruning, you can stealth-install Bitcoin nodes in computers you don't own.  Drifting OT, but only if they don't have proper security and allow people other then the IT staff / administrators to install and run software. Back OT, other then the savings of long term storage space I still don't think it's worth it. If you can get the d/l from what you think is a trusted source, then fine. But as has been mentioned, that goes against the verify it yourself principle of BTCGoing to leave it at that, I don't think either side is really going to change the other sides mind at this point. -Dave |
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Yeah, but at least in the case of Ulbricht the government knows what it is doing. They know where they are coming from. They were up against something that is clearly illegal as per the letters of the law. This is not the case with Tornado Cash. Money laundering, of course, is illegal but the one who wrote the code is not the one that is laundering money. The one who wrote the code didn't have anything to do with the laundering itself. Moreover, writing codes isn't a crime, either. So the dots simply don't connect. This case has a lot of gray areas as compared to Ross' case.
Playing devils advocate here, but until it goes to trial we don't know everything. I *think* that there is more to it then we are seeing but that is just a personal guess from other cases. Writing the software to launder money is not illegal by itself. Getting paid to do it is if you know that it will be used for illegal reasons. Running the software may or may not be legal depending on a bunch of things. Getting paid / taking money to do it is. It's a fuzzy line, and where you cross it can not always be obvious. -Dave |
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Opinion / conjecture: Over the years a lot of people opened accounts in a lot of places with information that may not have been accurate then, or over time changed like address / license information / whatever.
And unlike your bank that you by default used legit information with and knew to keep updated with the crypto exchanges they never did. Now that KYC is becoming mandatory a lot of people are having trouble verifying that they live at 1234 nowhere street. Or they moved twice since they registered with 100% legit info but now they can't prove they ever lived where they did in 2014. And so on....
Going back to the motorcycle world, we had a club member have to take a few 1/2 days at work because in 2002 he bought and titled a project bike, but never registered it. Moved a few times since then and lost the title. Went through hell at the DMV trying to get a new one sent to where he lived now, not where he lived in 2001 to 2004.
-Dave
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Guess he watches too much Top Gear: https://www.youtube.com/watch?v=YVjo6YOT3ZgLocal authorities are going to be drooling over the amount of money in fines they are going to make when people put a vehicle in the water that does not meet coast guard safety standards and does not have the appropriate safety equipment on board. Does not matter if it's a cybertruck or a bunch of logs tied together to make a raft once it's above a certain size and weight and is floating in open water you better have a hull number, life vests, flares and so on. And don't forget the proof that you took a boater safety class. *I* got dinged in AZ helping a friend launch his boat at Salt River because he pulled the truck away and I looped the boat to shore without loading the vests and safety equipment. The only thing that saved me was the fact that I could whip out my NY boater safety card followed by some jagoff in a jet ski that came whipping by with a radio so loud I think they heard it Phoenix so he decided to stop yelling at me and take it out on him. -Dave |
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OK, does not seem to be that popular of an idea. I though it would be good for the members that ARE contributing and useful but have at times been known to 'go off the rails' so to speak. This way the mods don't have to think about getting rid of a good user (perma ban) or just suspending them for a bit which I DO NOT THINK corrects behavior.
It would have been a 'middle ground' that would make some people think a bit more. Taking the threats / plagiarized content off the table since I have been here for 8+ years and have a good history I would have to do something EPIC to get a perma ban. And there are more then a few users like me. This way the mods have another tool in their pocket.
I would still be me, everyone would know it's me, but they would also know I screwed up big time somewhere. Now, if I do somethings bad and say get a 90 day or whatever ban, unless you look at my post history nobody would even know what happened in a year or 2 when it all becomes a distant memory.
<shrug> I think it would help a bit because now a lot of people know they CAN go past certain lines because there is no long term pain. But, I seem to be in the minority here.
As I said in the OP it came from a different time / way of doing things. May not translate well to the way things work in 2022.
-Dave
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Short script which support JSON-RPC protocol and return fixed JSON file should do the job. I'm not web developer, but i'll share the script if i managed to create it within 1 hour.
It's much easier than expected. After read a tutorial[1] and library GitHub page[2], i managed to create one in less than 10 minutes. The fake data is based on testnet data with changed median time, but it can be changed to any JSON data. Well that was a lot simpler then what I was thinking. I wonder if this can be done at all without an external service, which would then mean the OP would have to write the other side and have the user configure it to their liking when they create the lock / encryption. Not sure how that would work, but if it's self created it does bring back the fact that someone could beat the information out of you. That or you would have to keep the executable updated as time goes on to query external services that may come and go. Along with making sure that it only connects to SSL / encrypted remote sites that you have the fingerprint stored in the executable. Turning into an interesting puzzle. -Dave |
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Half asleep here but is there any information given with the getblockchaininfo call that shows it is indeed bitcoin and not some other alt.
It's just one line in the config file to tell it what port to listen in on, so any coin can respond on port 8332.
I know that you can query what the coin SAYS it is, but that can be changed in the source before you compile it.
-Dave
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Sorry.....I was cut up with that....
A user gets the normal ban process (temporary or permanent) but this time, if it's temporary, then the user......
Allow me some time to ask : why was it called the temporary ban in the first place?? When users ain't given a second chance (that's if it's considerable, based on their legacies --say, creating useful threads or navigating creative informations and ideas, with images and links) what's the need to have divisions to which ban a user deserves?? Just being curious yunno.
How 'bout if a user is back from the said probation, --say, a user like fillipone( for instance), how will continue they continue their usual lifestyle of posting threads with images AS BEING A NEWBIE ? HOW 'BOUT THE MERIT-SOURCE POSITION? or you think I'm being too optimistic?
What's the point of coming back, as the same person, in the same account -- coupled with the tags or the ordeal that was assimilated by everyone; that the user is a cheat, spammer, critical threat or whatsoever??
There's a lot to consider.....
Sandra 💇
If say I got a ban now this account DaveF would be locked. I would have to come back as DaveF2 The point was that there are a lot of people evading bans now. Those that got banned for just spamming / being disruptive / whatever could come back BUT it's a new user. So they have posting limits and no images and all the other restrictions. I would think it would accomplish 2 things. 1) As I said, it would allow the banning of more people quickly because it's not a 1 and done. Think of it as a time-out. You could come back but are starting at zero. 2) If you DID do something and did get banned you could come back as yourself and not worry about getting kicked. Say I did something that was over the line but perhaps not worthy of a permaban. I could get the boot and loose all the perks of a legendary. BUT, I could come back and still be a beneficial member of the forum. It's harsher then just a temp ban, not as brutal as a perma.... As I said it was from a BBS back in the late 80s that I was on. Before the internet and everything else, so things were a lot different. I don't know if it can translate to the modern discussion board as a viable thing. -Dave |
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Was thinking about the way something was done 35+ years ago on a BBS I was on.
You could be banned BUT there were 2 types of bans; the forever ban as it was called which is the same as the perma ban here and the X day ban where you could come back BUT who you were was gone. You came back as a new user. It did work to keep things a bit calmer because, there was no rank or merit or trust post count was king.
Would something like that work here? It would allow mods / staff to ban people a lot more quickly but not worry about people coming back.
Certain things, like plagiarism and threats could still be perma bans. But, other offenses just get you a 30 or 60 or 90 day vacation and welcome back to being a newbie.
No idea why it tripped across my brain today but does anyone think it would help here?
-Dave
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Not the 1st and not the last of the crypto places that have fallen and will fall due to following the fad of the month club.
TANSSAAFL
There
Ain't
No
Such
Thing
As
A
Free
Lunch
When people go after the free easy money the only people they hurt is themselves, when businesses go after it, well we see implosion after implosion as they figure out that the money has to come from somewhere.
Altcoins, Tokens, DeFi, NFT, the cycle keeps repeating. Just the name changes.
-Dave
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Spinning 1TB drives are under $40.00 as are 512GB SSD it's no longer that big a deal. But it's sometimes unnecessary. A person who firstly acquires bitcoin, and only wants to be able to spend it privately and securely, doesn't have to hold ~750,000 blocks. Even if it costs him little money. It's storage waste. I guess I look at it as most people who are just getting BTC to use are more likely to just run a SPV client. Keep in mind that if your PC is not on 24/7 and you do not always keep the wallet open when it is on then you will probably have to wait a while after opening up your wallet at that point to be able to spend your coins. I don't know if I can agree, but yeah, the more actual archive nodes out there, the better for IDB for those new users. Especially for a decentralized network, the Bitcoin Blockchain must be made as redundant as possible. BUT pruned nodes also help Bitcoin to decentralize further by giving those computers with low available disk space to join the network. Sometimes office/home/school computers can also double as a Bitcoin node, no?
Home yes, school possibly, office only if you own the company. Putting non work software on your work PC is a good way to get fired. Also, unless you are remote work and connecting to an office PC, more and more offices are shutting down PCs and everything else at night. It's a bit more secure and saves power. -Dave |
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Was talking to someone removing a BATM at a local place that had been there for years near JFK. Although he did not give a number, he more or less said that the owner of the shop wanted close to 3x what they had been paying for floor space so he is pulling it. Apparently the other people renting space there including a regular ATM and a bill pay kiosk either have not had the increase hit yet or the profit margins are so large on their businesses it's not a big deal.
-Dave
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Since it's still trading at close to $50 a coin I took a look at CoinEx which is the only exchange I have an account in that trades it they have a 10 block confirm for trading and 30 blocks to withdraw. Either they know something we don't or have a lot more confidence that there will not be a massive reorg. Does anyone else with an account at an exchange that still trades see anything different?
I don't see the point in taking the risk at the moment, but I guess you can say that about any coin that has low to mid hashrate with an abundance of ASICs out there.
-Dave
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