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June 05, 2024, 02:35:01 AM *
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2461  Other / Off-topic / Re: Another miner hidden in PyPI package on: August 16, 2022, 01:09:43 PM
Saw this a few days ago. From what I have seen you would either have to install it yourself or run another installer that will download / install / run it.
Did not look at it that closely since I do not do that much with python so I have no idea how bad the real situation is.

Goes back to what has been discussed here a few times. Open source, verifiable code is great. If you take the time to verify it and know enough (which is difficult) to see where the bad this are.

-Dave
2462  Economy / Service Discussion / Re: Street Selfie? Why all these crazy requirements in the name of KYC verification? on: August 16, 2022, 01:10:12 AM
Yeah, it is getting nuts. I am guessing that it is going to get a lot worse before it gets any better. I can see a lot of places trying to come up with more and more 'creative' ways of doing KYC to combat fraud. It's the people who try to scam / cheat that make some of it necessary and others who try to fake location. I don't think it's going to help but I can see why they are trying it.

Note, I am talking about online casinos here not other services.

-DAve
2463  Economy / Exchanges / Re: Anyone have experience with the Non Centralized Exchange Bisq? on: August 15, 2022, 08:54:13 PM
@citb0in The link in you post is outdated it should be https://bisq.network/
I have been using it on and off for years with no issues.
Compared to some other services the amount of active users is a bit limited, but it has been a long term stable project with a fair amount of development.

-Dave
2464  Economy / Exchanges / Re: Bitcoin ATMs with no PhotoID in Australia on: August 15, 2022, 03:39:19 PM
CoinATMRadar shows you 70 different ATMs in Australia. See here: https://coinatmradar.com/country/13/bitcoin-atm-australia/
Wow....that's not that many compared to the US, and I'm kind of surprised there aren't more than that.

As to OP's question, I've visited a few BTCATMs around where I live (they seem to be everywhere nowadays), and I'm pretty sure all of them have a camera pointing at you.  Even if its function is to scan an address's QR code, you'd have to assume that it's also taking a picture of you as well unless you know otherwise.  There was one I used that required a picture ID, but the rest of them didn't. 

The whole BTCATM scene is kind of a grey area right now, at least as far as I can tell, and whether a certain machine will require KYC docs basically depends on who the operator is--and there are many of them.

It also only has a population of 26 million so there is that aspect too.

More and more you are not going to be able to have a non photo ID transaction with a BATM, because more and more those ATMs that don't require it just don't exist anymore.
It's a back end setting for some that can be disabled or enabled at the operators discretion.
But... think about it from the operators point of view: BATMs tend to have bad rates for the customer so it's a good profit center for the operator. More and more regulators want ID / KYC for these things. Why upset the regulators? Yes, you might loose a few customers, but dealing with issues or loosing the ability to operate the machines will cost you more.

Not saying it's good just that it is.....

-Dave
2465  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Tornado Cash mixing service is now blacklisted in US on: August 15, 2022, 11:52:30 AM
Random piece of news stating the guy was arrested not as a TC developer but because he was actively involved in cash recycling.
Not that this changes much in the situation, but it is only a bit less worrying as he wasn't arrested for only writing code.

Do you have a link to it? I was thinking that something along those lines was what happened.

Although not 100% the same it goes to the automotive world of emission control defeating devices. They are 100% legal to buy / sell / own / design / build and so on. You just cannot use them on any car that is run on public roads.

I see a lot more of this happening over time since a lot, could even be most or all of code that does mixing is open source. It's pointless to even bother with the developers. You go after the people running it and making money from it.

-Dave
2466  Bitcoin / Bitcoin Discussion / Re: Mt Gox Upcoming release of funds to its creditors vs Btc Price on: August 15, 2022, 11:14:51 AM
Side thought, if they were ALL dumped using some back of the napkin math it's still a bit less then what Tesla and Luna dumped over the last few months.
Although there were some people who did have a lot of BTC tin MtG and they need money NOW I think there are more who are still holding / using BTC and see this as a free investment so they are going to hold it. Also, keep in mind there are going to be tax implications if they sell larger amounts so they would trickle it out anyway.

So, no I'm sticking with that if they are all released and all sold it's not going to matter that much.

-Dave
2467  Bitcoin / Bitcoin Discussion / Re: Mt Gox Upcoming release of funds to its creditors vs Btc Price on: August 14, 2022, 10:19:15 PM
I believe that there will be a big dump in the market, Those victims are waiting for years now to get their money back and I'm sure that they are itchy to cash it out because they too possibly expect a dump because of their fellow victims. I'm speculating that it would be a sharp drop after the release and would recover slowly again. I expect the price to reach not less than 10k, 10k would be the bottom bottom I guess.

If I hadn't been around for Tim Draper's auction back in the day, I would agree with you that is the only possible outcome.  However, given that Blackrock just gave Bitcoin the green light, it's quite possible that they might scoop up all of the BTC being dumped from the mtgox victims (is that what we are?) and more.  I wouldn't discount the possibility.  I think there's a lot of money on the sidelines waiting to get in at the bottom, and I think the bottom has already started moving up in anticipation.  This will be interesting to watch though and I'd want to own some Bitcoin once that is in the rear view.
I don't believe that the price that Draper paid in the Silk Road auctions was ever made public. Draper is also an individual investor (with a lot of money), while Blackrock is an investment firm. For Blackrock to buy any amount of coin, they would need to have some kind of hedge fund they are managing to be in need of said coin. I am not aware of this being the case. Further, I don't see any reason why Blackrock would wait until the Gox coins are released to former Gox customers. Institutional traders tend to buy/sell large positions over time, and the bitcoin market is fairly deep.

All government auctions will eventually be public. He paid about $19 million for 29,657 bitcoins.

Can't find the information on the 2nd auction, have to borrow someones PACER account to search a bit more. Either it's not been saved on RECAP or it's under a different case / docket number that I can't seem to dig up.

-Dave
2468  Bitcoin / Wallet software / Re: best wallet for automated sending and receiving of btc? on: August 14, 2022, 07:01:26 PM
You can run your own bitcoind and use RPC calls and do it:

https://developer.bitcoin.org/reference/rpc/sendtoaddress.html

If you give a little more detail as to what / how you are trying to do something there may be more ways to do it.
Since you mentioned Kraken I am guessing you are just keeping everything on an exchange. That may not be the best way depending on what you are trying to do.

-Dave
2469  Bitcoin / Bitcoin Discussion / Re: Peter Schiff’s Bank Set To Be Liquidated; Will He Finally Turn To Bitcoin (BTC)? on: August 14, 2022, 03:12:39 PM
As others have stated above, this will probably not make him turn to BTC.
NOR SHOULD IT. As @mindrust commented, you can't change some peoples minds.

AND THAT IS A GOOD THING.

People need and want different things, we here tend to think BTC is the be all and end all.

But, for millions of reasons that matter only to them, BTC will never ever be what they want or need.

And that is what we have to keep in mind. Worrying about Peter Schiff and what he likes / dislikes / wants is never going to change who / what he is.
He is set in his ways and seems happy that way.

-Dave
2470  Bitcoin / Mining / Re: Trying to avoid a possible mess on: August 14, 2022, 12:33:12 PM
Yes, that is how data centers operate for the most part, massive and redundant air conditioners.
Keep in mind:

1) Running them will drive up your electric bill even more.

2) Most non commercial units are not designed for 24/7 operation so you will shorten their life.

3) It's better to cool the room then put the duct in front of the air intakes on the miners.

4) Don't rely on them to keep your miners cool without a 2nd form of warning if the cooling fails. You don't want it to fail as you walk out the door one day and then come back 10 hours later to a bunch of possibly overheated / damaged by heat miners. Yes, they should stop mining above a certain temperature, but why take a risk.

-Dave
2471  Other / Archival / Re: SONDORS Metacycle - $5,000 (now $6K) Electric Motorcycle on: August 14, 2022, 11:50:22 AM
What number did you call?  I tried 323-675-2711 back in June and was more or less told 'don't call us, we'll call you' I have had 0 contact from them as has someone else I know who ordered even before me.

But, since I ordered WAY before you I am surprised that what they call batch 2 is going to be in September when earlier people have not gotten theirs or even a notification.

Really starting to wonder if they are doing west coast / big cities 1st and working their way out.
Not a bad way to do things from the business end get the closer to factory and more population dense areas 1st and then move out to where you need to spend more travel time (read money) to get to the customers.

-Dave
2472  Economy / Service Discussion / Re: The Warm Fuzzy Feeling Of Too Much Regulation on: August 14, 2022, 11:39:50 AM
So, expanding the question a bit. Do you think the 'larger well known' exchanges that don't go for the more stringent checks are lazy, or are they lying about something or something else?

I know I said above I don't get a vote, but I would put it under lying about financial stability. I think a lot of these places like to brag how much they do / how large they are and it's not 100% true.

I wouldn't trust an exchange that can't spell "Exchange", so both are disqualified.

Which does bring up an interesting point about technology. Every once in a while it does not work like it's supposed to.
So, I guess having a more regulated / insured place may actually be good.
I extensively rely on my web browser to let me know when I have misspellings; I can't access here directly from a lot of clients so I am usually remotely on my home or office machine, so it can be a little tough to spell / grammar check with my eyes so to speak due to the screen size downsizing. But a red squiggly line under words is very obvious. However, every once in a while spell check takes a quick vacation.

-Dave
2473  Bitcoin / Hardware wallets / Re: Help - Hardware Wallet on: August 13, 2022, 11:10:01 PM
If anyone has any experience with hardware wallets, can you please help me out for when I should go for Ledger or Trezor? Thank you!
If you ask me I would never buy any Ledger hardware wallet in 2022, and I think that Trezor Model T is way to expensive and it's not worth that price.
Ledger has closed source firmware and it has lot of problems with low built quality, especially with model Nono X.
I think that Trezor Model One is still usable, open source device with decent price, but if you have more more  I would also check Bitbox02, Passport and Keystone.
Good alternative for hardware wallets is to make your own signing device using raspberry pi (seed signer), esp32 devices (krux), or old offline laptop.

Just a bit of a PSA:

I think we have discussed it here before, might have been on reddit, but don't just google search for things like this.
There are bad actors that post ads with links to non legitimate sites:

Verify all links if you search and check here too: https://bitcointalk.org/index.php?topic=5282364.0

Bitbox02 https://shiftcrypto.ch/bitbox02/
Passport https://foundationdevices.com/passport/
Keystone https://shiftcrypto.ch/bitbox02/

Remember not all links are as they appear: https://shiftcrypto.ch/bitbox02/

-Dave
2474  Bitcoin / Hardware wallets / Re: Square is considering making a hardware wallet for Bitcoin on: August 13, 2022, 04:27:19 PM
Then set up your own multi-sig and give the seed phrase/xpub back ups to your trusted contacts yourself. Absolutely no need to involve a centralized third party with all the trust, security, and privacy implications.

But the catch with that is they collude and can recover the BTC without you.
Even if you have 9 of 12 multisig if 9 of those people get together they can take your money.

With the square wallet YOU have to start the process. Not saying it's better, but it is something to think about.

I thought about it more since I posted it, and I am still going with we are not their target audience. And looking at it as if we are gives a certain view.

There are some people who are perfectly happy with the coffee at 7-11, there are others that these people: https://georgioscoffee.com/collections/frontpage are just about adequate in a pinch and the 7-11 coffee is good for cleaning drains....

You can probably take a look at just about anything and see how enthusiasts look at items that are way way way sub optimal perhaps to the point of being actively bad in their opinion but are just fine for people who 'just want to use it' and don't care.

See the above 7-11 coffee as an example, some people think of coffee as just being a caffeine delivery system vs people who like good coffee vs people who setup their own coffee roaster in their garage.

-Dave
2475  Bitcoin / Hardware wallets / Re: Square is considering making a hardware wallet for Bitcoin on: August 13, 2022, 01:09:12 PM
The other side of this is I really don't think we are their target audience. Taking a GIANT step back from good / bad I think I see where they are going with this.

They seem to be heading down the rode filled with people who want to buy / sell / trade / use crypto but not really deal with it or learn about it.

The kind of people who take 2 online security classes and think they are not cybersecurity experts even though they have no idea how to do a DNS query from the command line.

The kind of people who buy a Corvette and now think they can drive better by virtue of having a sports car.

etc.....

OTOH it's probably the same way professional stock traders look at people here and go "Oh, how cute, you bought 2BTC for $20000 last week and just sold them for $24000, I bought 500000 shares of F at $15.95 yesterday at 11:55 AM and sold them at $16.07 45 minutes later PM but yeah, you are a trader......"

We look at this thing and see a security / privacy disaster. Others look at it as something entirely different.

Look at is as a device for people who don't know, BUT ALSO DON'T WANT TO KNOW. They understand the "Not your keys, not your coins" but don't want to know what a key is or why it is or anything else. They can just now know that their keys are in this thing and they are theirs and if something goes wrong they can get them back.

Not saying it's good, just what I think it is.

-Dave
2476  Economy / Service Discussion / The Warm Fuzzy Feeling Of Too Much Regulation on: August 13, 2022, 12:31:49 PM
Had an interesting conversation last night about Strike's new Visa card: https://bitcointalk.org/index.php?topic=5409623.0

Some basic info:
1) Strike does not operate in NY
2) The person I was talking to is not in NY or any other area that Strike does not operate.

The conversation was more about LN then anything else, but they basically said:

"Strike, is not a offshore crap exchange, and they TRY to make it look like they are a real financially stable company. But, if they can't be bothered getting a bitlicense in NY then either they are not as stable as they claim to be or they are doing something funky that they don't want others to see or they are much smaller then they are showing to be or any combination of the above. No way would I trust an company that claims to have all this backing and support and does not want to operate in NY. They have something to hide"

Now the above is obviously not 100% verbatim what was said, but he did bring up an interesting point. Taking everything else off the table, do people think more regulations / scrutiny of places give people a more secure feeling about them then those that don't.

If there were 2 major players say DaveExcange 1 and DaveExchnange 2 the 1st operated in most states / countries the 2nd was avoiding the ones that required more licensing and financial checks. But outside of that they were both around for years had a good reputation and so on.
Would you feel safer using one over the other?
And the fact that the other one did not operate in places that had more extensive checks / regulations make you less likely to use it?

I'm in NY so I don't get a vote here so to speak, I just never really heard people wanting it before but after sleeping on it I do see the appeal.

-Dave
2477  Bitcoin / Hardware / Re: What are the top ASIC chip manufactures? on: August 12, 2022, 09:49:16 PM
Intel is making their own chip and miner:
https://www.intel.com/content/www/us/en/products/docs/blockchain/custom-asic-product-brief.html

There were some discussions here about it when they were 1st announced.
I personally was surprised when this came out because I really did not think they would make a product for what compared to the rest of what they sell would be such a small sales numbers product. But, on the other hand due to their size and fab capacity they could probably crush just about everyone else if they wanted to.

-Dave
2478  Economy / Service Discussion / Re: Issue with the new Bitpay APP on: August 12, 2022, 06:20:29 PM
Odd, I am on the latest version and it is using the standard copy / paste. There is the copy icon next to the address when you click it, it becomes a check-mark and then I can paste it into my email. Either Outlook or the GMail client works.

This is on Android, can't comment on the iPhone version.
Works on both my phone and my Tablet.

-Dave
2479  Bitcoin / Bitcoin Discussion / Re: Bitcoin without internet: SMS service allows sending BTC with a text on: August 12, 2022, 03:15:43 PM
Now that is cool. I really like to see innovations like this. It seems more and more bitrefill is partnering with people who want to spread the use of BTC
Since it's LN the fees are negligible and it makes it easy to get people to use BTC without worrying about fees and other things.

Will be keeping an eye on it.

OT Side thought: Bitcointalk really needs a remind me bot because I can see us discussing this for a bit and then forgetting about it but I would like to see how it's going in a few months.

-Dave

2480  Bitcoin / Mining support / Re: S9 not hashing after power failure on: August 12, 2022, 12:56:22 PM
So is the hashboard repairable or will I have to get a new one?

Yes it IS repairable but it's probably not worth it.
Depending on where in the world you are located you can easily get an entire S9 delivered to you for under $200
Shipping it to someone to fix it paying them to fix it and then paying to get it shipped back will cost you....

Post here: https://bitcointalk.org/index.php?board=75.0 and ask for a board. Let people know what country you are in. You can most likely get one cheap out of of someones parts bin. Also make sure you let them know the model. S9 vs S9j vs S9k and so on.

-Dave
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