This is not correct. CEXs keep complete logs of every deposit, trade, and withdrawal. Even if you have not completed KYC, those logs are linked against your IP, your device, your browser fingerprint, tracking cookies, etc. CEXs commonly run their own blockchain analysis programs, share this data with with governments, other exchanges, and other third parties. Using a CEX to "mix" coins will actively make your privacy worse, not better, even without KYC.
So if you are a "terrorist chased by an arrest warrant by Interpol" you are easy to track, but if you want your 1000$ to be hidden from Internet randoms than its safe enough. Or am i terribly wrong? Does evey tiny CEX share every transaction, even small, with all governments around the globe? I do agree that this is not a bulletproof solution. Its like purple wool sweater. It will not stop a bullet but... it will hide your naked body from prying eyes. I should add it to my first post as a warning ... i agree. ChipMixer has a pay-what-you-want model, so at a minimum you are only paying a single additional transaction fee. This is definitely less than the withdrawal fee you will from any exchange.
If you already have funds on exchange and wants to withdraw you have to pay withdrawal fee anyway (either from exchange 1 or 2). All you add is 1 monero withdrawal from exchange 1 to 2 and monero transfer is very cheap (0.0001 XMR on binance) |
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This don't quite solve spam issue since as a spammer you can create as many identities as you want and sign each message from different wallet. Much more work but possible. Idena is struggling to solve this issue. Every network participant solve touring test (hard for AI easy for human) at the same time (called validation) that way you create your identity that can be used all around the internet. Already implemented on their forum: https://discuss.idena.website/And on gitcoin (or in the process of adding - not sure): https://gitcoin.co/issue/idena-network/idena-desktop/454/100023832You can also mine IDENA using your identity created during validation. No KYC. |
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CEX does not affect privacy as long as you did not go through KYC. Sometimes I even mix my coins using CEX exchanges (profit earned on 1 exchange, traded to monero, withdraw to another exchanges, traded back to BTC and withdraw - sometimes even with arbitrage profit. Its much cheaper than mixing in mixers during high BTC transaction fees) - rule nr.1 No KYC, rule nr.2 avoid your home IP - use tor, VPN. As long as you are not a terrorist chased by an arrest warrant by Interpol no one will really bother to track that.
Back to BTC wallets:
1- Wasabi
2- Samourai
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1 IDENA equivalent 0.094$ now and there's no improvement for quite a while. Since no improvement on price even on the recent rally, I have question if HODLing will be the best choice for Idena any longer. I simply wish is there any chance that we reach again 0.30$...
Such a small coin, not listed on any big exchanges does not really fallow wide market rallies. And considering the fact that IDENA had a lot of FUD last days and still many unsolved issues with farms (at least in my opinion they are not solved) price hold very strong at 500 sat. A lot of people are dumping, few whale are filling bags. Like this guy: https://scan.idena.io/address/0x2251C12699D645f5a649e00f34B7d3320FCb5f73I'm short term bullish not sure about long term anymore (considering IDNA/BTC not IDNA/USD price). |
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Why would the fed print too much money when they obviously know how it will impact the economy and the value of their fiat? The people will just suffer from great inflation when they do that, and the money will be useless so what's the point of receiving free money. The fed is there to control the monetary system and I don't think that they are stupid enough to go and print so much money just to give it to everyone. Also, take Venezuela as an example since they are suffering from hyperinflation, and one of the alternatives they use is bitcoin, but it doesn't necessarily mean that btc will directly increase.
Few words: budget deficit, the public debt, cost of debt maintenance, treasury bond, impact of increasing profitability of treasury bond on cost of debt, the risk of uncontrolled appreciation of the currency against other currencies and its impact on the country's economy, lockdown and its impact on the economy, bailout of behemoths like beowing. Add it all together and you are doomed to print. Doomed to destroy current monetary system in next century. There is no way back. You have to print more and more and more. There is only one way out of it. " we are bankrupt, we delete all our assets and start from scratch" but no one has balls to do it publicly. It's being done behind the curtain by inflation that lead to hyper inflation and finally to "delete all our assets and start from scratch" but without honest "we are bankrupt". But it's not only US. Same with Europe, Asia. |
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On March 14-16 the major players in crypto (people that drop millions) had a choice. They could spend $10,000,000 on server farms, land, machinery, and personnel in order to setup a miner farm and receive a variable return of bitcoin over the next few years, or they could buy $10,000,000 of bitcoin upfront and not have to deal with all of that work.
Miner is not market traders/investors. Miners are businessmens that calculate costs and compare it to price. If its profitable to mine, than they mine. They will not jump into buying bitcoin for "$10,000,000" because there is no guarantee of recover(and they are running a business... not speculation). They will rather shout down mining and wait for better income/expenses ratio. Market investors/traders are not miners. Whale with "$10,000,000" is not a guy who is trading bitcoin and in another day is launching a mining factory in China only because price/cost is to high currently. Because they are speculants without technical skills, access to cheap electricity, mining technology supply chains at a competitive price. |
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Here is the deal. I hold few tokens last few months but i would like to earn something as well, not just hold still. So, i need advisor on a friendly basis, that would suggest me what to buy for profit. If i take risk i would offer you 20% profit back. If we split risk 50/50 than i can also share profit 50/50. Is this doable? Who hase any experience on this type of cooperation? Is this reasonable at all? Trusting my funds to any platforms or new common accounts is not an option at all.  1-So i can go with 0% risk and earn 20% of your profit or invest in something that i suggested to you and get nothing beside my own profit (50% of investment is my money and 50% of profit goes back to me)? What's the point of second option? 2-Forget about that. This never ends well. Someone will scam you or you will get advice from noobs willing to get 0 risk easy profit. Also, investment pool are pointless. |
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When Fed prints more fiat, it is tanking the value of fiat. It is NOT increasing value of bitcoin.
For example if we assume bitcoin value stays stable (like when it reaches mass adoption) and you could pay your rent with 0.01 bitcoin or with 5000 USD, when they tank the fiat value with inflation you still pay your rent with 0.01 bitcoin but now you pay 10000 USD for instead and obviously bitcoin "price" has gone up against USD in that scenario without gaining any "value" just because of inflation.
In the coming year we will see a huge bitcoin price rise and most of it like always will be due to mass adoption but part of it will also be because fiat is tanking.
100% true. There is also another factor that boost bitcoin price (thanks to printers doing brrrrr). It's the first time that money has no way to escape from loosing on purchasing power. Already posted it few days ago but it fits to this discussion as well. Here is my quote: |
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It looks to me that they have to big reputation to scam on bonus especially that high tier accounts are rather strategic from a business point of view. Open a official ticket with support and explain this case to them once again. If that doesn't help host all screenshots on https://imgur.com/ and post links here. You should also move this thread to proper section (Scam Accusations). |
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It seems that ...
It seems that ... you have no idea what you are talking about. There is not even a single correct statement in your post so no reason to point each mistake. Whole post is one big mistake. |
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600 posts on BITCOINtalk forum and 0 basic knowledge. How did you achieved that?
1-There is no way to shout down BTC by any government. If so than which country? There is no global government. All government can do is to ban it in their country but... it will not stop people from doing it.
2-bitcoin is not dependent on bitcoin.org domain.
Bitcoin is decentralized thing ... as long as 1 person wants to mine it as long bitcoin exist.
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This protects us against 51% attack (that is not likely to happend - not profitable) and cheated oracle voting at a cost of: 1- rewards for farms 2- delays in everything - Team will work for next half year on developing all promises that they did to make it easier for farms to farm to make them come out. This does not solve: 1- farms sorting out duplicates and answering 2.4 times less flips (this opens us to 1 person 5-10 nodes instead of 1 person 1 node) 2- "Idena team activated 60 invitation codes before the validation session to collect decrypted flips. Around 1700 flips were collected." - 60 accounts is enough to collect 1700 flips. With 700 you can collect them all. (this opens up to unpredictable results, for some reason they were encrypted) 3- collaboration of farms and sharing flips between them (two different farms hosted by 2 different farmers that get in touch via telegram and share flip to grow faster together) This proposal opens a pandora's box but... its not like a have a better one. I kinda feel like we should rather make it harder and harder for them to past validation just to give us time to survive to a moment when they are no longer a thread. This is how idena should be. Limit validation from the same IP to 2-3?, increase number of flips that need to be done between validations (to put down this 2.4). Just dumb guesses. How about the situation when farms will let you earn more than alone (you will validate 10 nodes each epoch thanks to all optimizations farms can me) and in about a year IDENA will consist from 10 farms with 50 000 members all together and 1000 legit users that mine alone. You need 1010 members unrevealed farm to attack network since those 10 farms with 50 000 nodes has only 10 votes. I know that this is far-reaching unlikely perspective but letting farms grow and making it easier for them and paying them a bounty for existing opens idena to unpredictable results that might be irreversible. |
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There will always be a cheaper shitcoin, even if we will go down to sats. We should not lower standards for someone who will sooner or later get rid of the money on the unsuccessful investments.
Sure. But is choosing a lower denomination really "lowering the standards"? I'm pretty sure pricing gold in grams instead of whole bars isn't really a bad thing. Also, unit bias is just one thing. Another advantage would be that it's more natural to vocally say "1000 bits" or "100k sats" than saying "zero point zero zero one(0.001) bitcoin". I say 1% of bitcoin or half of percent of bitcoin etc. I think that if we will start to use other names like micro bitcoins, mili bitcoins etc. newbies will start to thing that there are different types of bicoin, they will then go to bitcoin cash, bitcoin gold etc. Do you remember famous Roger Ver interview when he was screening "its bitcoin cash not be-cash, stop insulting me" to the interviewer just before rage quit? He did this because he build whole marketing around bitcoin cash in a way to be as close to BTC as possible. To not be thread like another altcoin. That's why it was so important for him to force people to use Bitcoin in his altcoin name. That's why i think that true bitcoin should be named bitcoin by everyone who use it. If everyone will start to use, sats, bits than newbie will come around searching for bitcoin, he will find bitcoin cash first. Maybe that's the true motivation of this. |
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Well, but everyone can run as much nodes as he has VPS, right (as no any personal data needed for prove your identity)? So how do they prove this? And what sense in this at all?
No, because touring test is run periodically (every 16 days currently) for all nodes at the same time. So you can't solve test for many nodes at the same time, because you have only 2 min when short session starts and 6 flips to solve. Read more about IDENA from links that I provided and you will know what sense it makes. Just note that IDENA is currently under "human farm attack" that owns 15% of network. This thing was detected and team works on solving this. Just wanted you to know. You can read a lot more in bitcointalk thread that I also provided. There is discussion about that too. |
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Pretty much nothing new here because you're obviously not the target audience of this thread. Not sure why you decided to respond to start with.
Looks like target of your post is a programmer with years of experience that for some reason don't know how to earn few pennies. So i guess ... no one? Why i have responded? Maybe to put some light on how great those tips are? Did you think that you will get "thanks for tips i need money but i didn't think about getting a job" answers? |
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3. Get hired online or offline and receive your salary in bitcoin: should be self-explanatory.
You are starving to death? Find a food and eat it. You are homeless? Go buy a hause You need money? GO FIND A JOB  Pritty much nothing new in here.
1. Create a bitcoin or cryptocurrency related "tool" website: Create something really useful that people would actually visit and share your website. A good example would be Coin.dance, jochen-hoenicke.de, bitcoin.org, and of course Bitcointalk.org. These sites have received a good amount of coins through donations and sponsorships.
2. Create a bitcoin or cryptocurrency related blog: The Bitcoin and Cryptocurrency space is still really new, and you can take advantage of the missing online content through seo. Just look around Google! Can't find a guide on how to effectively coinjoin through Samourai wallet? Create a guide while following seo guidelines! Just create a good amount of articles and add some decent crypto referral links here and there like Trezor or Binance, and you'll be earning coins in no time.
If you have programming skills good enough to make web on your own than will be competitive to mentioned by you ... you are in demand on the labor market and you never have and will never have problems with cash |
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Of course. But the problem is for the newbies who get affected by the so called "unit bias", whereas they're mostly going to be more lured into altcoins because they're "cheaper". I know they should be doing their due diligence, but still.
There will always be a cheaper shitcoin, even if we will go down to sats. We should not lower standards for someone who will sooner or later get rid of the money on the unsuccessful investments. Big price of bitcoin fits perfectly into present narrative that is being build around bitcoin and finally will create a paradigm that next bitcoin bubble will be created on - Bitcoin as 5% of well-balanced portfolio - Bitcoin as a safe haven for big institutions money, bitcoin as investment. |
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Pool operator comment (in Idena Telegram) on your post
I would love it to be true but I don't trust this guys and this whole situation. You know me ... I'm here for more than a year supporting IDENA here on bitcointalk, fighting with every troll, teaching people, explaing why thigs are like they are. But this whole thing doesn't look real. Starting from easy fix that was implemented before validation thanks to volunteer that showed up after farm was exposed and pointed at crytical vulnerability that allows you to validate iwth 90% score (that was ment to solve the problem), He is playing with us. Main reason why he showed up was to calm the situation so price could recover so he could abuse network even more. He didn't show up because he is good person that want to help. He would do that before his farm was exposed ... not now. He will say anything it needs to calm investors ... that this farm is 1 person 1 node, that it is better to give each person 6 flips to solve rather than run 10s algo and give 2 flips per node, that he is here to help, than it is not as serious as it looks like, that it is easy fix because he is hardly profiting. Price will recover, and he will continue to abuse network but just more carrefour, using many exchange account. We will find him after a year with 70% of network after one smart guy will find a bug that he was abusing. The purpose why abuser showed up and is now a IDENA celebrity is to calm us down. Don't trust every world he says. Don't sweep this case under the rug because this is the day of the final trial. You will make it right and network will succeed, or you will pretend that everything is right because abuser said something... and network will be destroyed in next few months. Remember. He now owns 15% of network. He doesn't need much to auto solve every validation with known flips and random shots. He just need few more epochs. He need time. I'm just saying that this situation looks so unrealistic. So fake. Why was he waiting for official announcement before he showed up? He wanted to know how much we know. To commit to the number of node we know about ... to prepare a scenario for himself. Thats how i see this. I shared my thoughts about how dangerous this case may be, I'm just concerned about my loved IDENA, posting abuser comment about it does not make it less valid. |
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There is another IDENA thread and is way more active: https://bitcointalk.org/index.php?topic=5194871.msg55749679#msg55749679Back to your questions. You are solving touring test to prove network that you are human - not bot. That in front of your node stands real, unique person. That's the end of creating your IDENA identity. All idena needs to know about you is that you are not bot and you own 1 node. Then you are able to mine/vote. According to privacy comparing IDENA to coins like monero. Idena is not anonymous, you can track transactions like on etherum or bitcoin. |
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