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2621  Economy / Exchanges / Re: Not your keys, not your Crypto – Kucoin Hacked! $150m Stolen. on: September 26, 2020, 10:00:48 AM
Ridiculous that this is still happening in 2021, sad for the people who have lost money but like you say OP, ‘not your keys, not your bitcoin’.

People just don’t learn. Guys please don’t leave your crypto on exchanges or if you have to, if you like day trading, move your coins off the exchanges when you’re not actively trading.

Exchanges should not be used as wallets, use your brain.

Tell that to traders. There's really no other way to trade without keeping open positions and stop losses. Some people trade with leverage and you also can't do it without keeping money on the platform. While I don't keep money on exchanges, I don't think it's the fault of users who want to trade. All responsibility lies on the exchange. If they can't secure the platform they should never open it up for trading. So many of these people who run exchanges don't even know what a cold wallet is or deliberately choose to ignore them because it's too much of a hassle to have to transfer coins between wallets and pay fees.
2622  Economy / Exchanges / Re: Not your keys, not your Crypto – Kucoin Hacked! $150m Stolen. on: September 26, 2020, 09:55:59 AM
I really admire with Kucoin administration's reaction. Looks like they cares about the users and try to do their best to recover lost funds.

Really? Saying that funds are safe when they are being transferred out of users accounts and into some outside address?
I know the employees are doing what they're told and usually PR people like Alicia don't know what's going on in the database, but from the looks of it they were all caught off guard and their first reaction was to cover it up in case it's just a few accounts.


I can never understand why exchanges prefer fast withdrawals over security. If withdrawals were confirmed by real people instead of set on automated there wouldn't be so many of these thefts.
2623  Other / Politics & Society / Re: It's time for EUROPE to become SOCIALIST on: September 20, 2020, 11:46:39 AM
Capitalists already are socialists because they almost unanimously believe the government should fund their security via the military, their risk via bailouts, their overhead via public infrastructure, and their employee benefit costs via social security.

So at the end of the day, socialists want socialism, capitalists want socialism, and its really just bootlicking libertarians who want pure captialism.

What I'd add to that is socialists want lazy socialism with the government helping them to survive and they want their inability to make money be compensated by the rich, who already made money, or inherited it because their parents or grandparents knew how to make money.
Paying for military from taxes is not socialism. Some things can be agreed upon and financed collectively, which doesn't make the country socialist.
I'm a libertarian, but I know a lot of people with different political views and most of them oppose social security and believe healthcare, education and savings should be in the private sector and compete in a free market system.
2624  Other / Off-topic / Re: Life's so short! (Life's signature campaign) on: September 20, 2020, 11:37:27 AM
My oldest male relative died at 93.

I am 63.  Sooo if lucky 🍀 I have 30 years left. Not 80.

Maybe you'll get to be the longest living member of your family.
I bet the person who died at 93 did not expect to live so long. Most of us start thinking about the end at the age of 70-80 because this is when we start to grow much weaker and simple chores become a problem.

My greatest fear is that when I die I'll cease to see the world and cease to dream. When our brains die there's nothing but empty darkness with no thoughts and no memories. Wish I could just go into a stasis tank that would keep my brainwaves going like those people in The Matrix. I'd rather live a lie than not live at all.
2625  Economy / Economics / Re: Boris is right a second lockdown could cripple UK economy. on: September 20, 2020, 11:17:08 AM
If we have about 50 million people in the UK and 38k cases a day, it's going to take just 4 years before every single person gets it at this rate, but we have to assume that the more cases there are overall, the more new daily cases there will be, so I'd say 2 years tops and it's over.

Isn't this good news? Always try to find positives Wink

On the other hand the official statistics show just 400k total cases in the UK, so with almost 40k a day this number should be much higher.
2626  Bitcoin / Bitcoin Discussion / Re: Court enforces Seizure of Bithumb Korea on: September 20, 2020, 11:07:58 AM
Which honestly puzzled me and made me ask whether the traders of Bithumb are real people or just bots, or whether the volume in coinmarketcap is simply created by wash trading and is therefore fake volume. Personally, if I am in their shoes, I would definitely leave Bithumb and move to a safer exchange which is free from legal glitches.

He's just showing a daily volume chart with a 50% increase in the last 24 hours. If you had coins on the exchange yo'd probablyw ant to convert them into fiat money because these are more protected by law. An exchange cannot simply wire your fiat to some offshore account and claim they were hacked but they can disappear with your coins. IMO this is the reason for the trade increase in the last 24 hours. People are converting to fiat and pulling out and/or converting weak altcoins into a single coins like BTC or ETH and pulling that out because it's easier to order a single withdarwal of 1BTC than have that divided into 20 altcoins worth $500 each.

Trading volume says nothing about the state of the exchange and court orders don't get executted over a day or even a week. It can take months before they shut down.
2627  Other / Archival / Re: Bitcoin’s Hash Rate Reaches New ATH on: September 20, 2020, 10:55:18 AM
If Bitcoin continues to exist a year from now people will start another topic about hash rate reaching all time high and again in 2022 and 2023 and so on. This is really nothing new or unexpected. Technology moves forward, new, more powerful machines are constructed, difficulty goes up, hashrate goes up. Is there anything you find strange here?
Hashrate can keep going up without moving the price, so don't expect a price ATH to follow hashrate ATH.
2628  Economy / Economics / Re: Sales of wedding rings are increasing on: September 19, 2020, 12:55:27 PM
Luxury goods like jewelry, watches, paintings and other artpieces, are usually the first to be sold when people fall into financial problems. Then they sell all their "toys" like drones, spare computers, gaming consoles, then it's time to change the car for a cheaper model and so on, so forth.
Fortunately I haven't been forced to do any cuts this year. Maybe the pandemic isn't as bad as they're painting it, or maybe I'm immune? Roll Eyes
2629  Bitcoin / Bitcoin Discussion / Re: Why government Don't kill btc? on: September 19, 2020, 12:44:48 PM
Styrictly speaking, it's because "killing" bitcoin is impossible. All they can do is discourage people from using it by, for instance, banning financial institutions from providing fiat moeny to bitcoin businesses, like they did in China, or not allowing people to register a business if it's related to cryptocurrencies.
Some governments in countries like India or Russia have taken some action but they all know it's a war they cannot win.
2630  Other / Politics & Society / Re: Biden: 8 Women Allege Misconduct Against Him on: September 19, 2020, 12:29:13 PM
I don't know how anyone can vote for Biden, (and that does not mean Trump is good or better  than him) but poor man Biden can't even make a simple sentence, and he does have some strange affection for underage girls, as do many from elite.
Just one of video compilations: https://youtu.be/V4PLSPvJ9BY

He sure looks creepy leaning over and holding girls like dolls. Dirty old man.

Quote
Biden denies the allegation but is refusing to open his archives at the University of Delaware where a copy of Reade’s sexual harassment complaint might be filed.

Pretty much like admission.

2631  Bitcoin / Bitcoin Discussion / Re: Judge Orders Bitfinex to Turn Over Tether Loan Documents (Again) on: September 19, 2020, 12:16:31 PM
If Tether is accused of cheating again, this could be a shock, the market could be hit hard

Although the market may indeed react heavily, for many the fact Tether is cheating is known thing, not "a shock".
I actually hope this Tether "soap opera" comes to an end and only the properly backed stable coins remain on the market.

I second this. USDT is so shady that it's only a matter of time before some shit they're doing comes to the surface again and makes everything nearby stink. If USDT is actually proven to be making money out of thin air the ripple effect will damage Bitfinex and all cryptos, especially altcoins that trade exclusively for stablecoins.
It's going to be a cleansing event we haven't seen before.
2632  Bitcoin / Legal / Re: US charges two Russian crypto hackers on: September 19, 2020, 12:06:38 PM
This is a move that I would personally encouraged because it sends a message to people that the crypto world is not a free for all that you can come in because you have a special skill or smarter than other but you believe that those skills can not be put into better use than to steal people resources and make them cry just because they wanted to earn legitimate inflow of a platform that they have been provided such opportunity. Kudos to the United States government agencies for taking this initiative.

They have no jurisdiction in Russia. We've seen numerous times how the Russian government denied extradition of their citizens to the EU and the US, so this decision by US government is just for show. It will all change if those hackers are dumb enough to travel to the EU and get caught there, but as long as they stay in Russia they'll rather get employed by the secret service than sent for trial to the States.
2633  Bitcoin / Bitcoin Discussion / Re: New breed of bitcoin investors? on: September 19, 2020, 11:57:54 AM
When an asset matures it moves from speculative volatile form to more stable investment, attracting people looking for a store of value with some profit on top. Bitcoin is old enough to become a real store of value after 10 years of constant presence on the market. I believe that this poll, although small, might be pointing out to a real situation on the market.
2634  Economy / Speculation / Re: COVID-19 Vaccine Will Cause Bitcoin Crash on: September 19, 2020, 11:31:50 AM
This is a completely baseless assumption. There's no data that would suggest the vaccine would have an effect on Bitcoin. Also, it will take years before a successfully tested vaccine is distributed around the world. By that time most of us will have gone through it and become immune at least until it mutates into a new strain.
2635  Economy / Economics / Re: 2020 Money is king Again Good news on: September 13, 2020, 10:19:23 PM
Education will never be pointless because it allow you to earn more money at least

Money is just a means to an end. You can have food clothes, accomodation, literally everything without having to use money if you manage to come to such arrangement.
Want an example? Women who marry rich men. Some of them stay at home, cook, take care of children and in exchange get everything they want brought on a silver platter.
2636  Economy / Economics / Re: Real estate vs. Bitcoin on: September 13, 2020, 09:59:43 PM

I doubt what OP really means i'll put here what I think of it
-Real Estate's value will rise and can be rented.
-Bitcoin's a crypto can be transferred much easily and going offroad from legal boundaries but Real Estate cannot.

There's no such rule! How can you be so sure that your real estate's value will increase over time?
I'll give you a simple example. You decide to buy a house and rent it out. That's your time spent on getting good tenants or a fee for an agency. In case of a fire or a gas explosion you could lose the property so you have to insure it. It costs you money... There's a lot of expenses associated with real estate.
2637  Other / Politics & Society / Re: Learn something positive from COVID-19 on: September 13, 2020, 09:51:34 PM
Equality is a myth spread by socialists. We are not equal, even in the face of a disaster. The rich will be the first to get the best treatment and will have others do all chores for them.
They won't have to expose themselves and be able to afford air filters and uv lights...
I hope you aren't dumb enough to believe that the pandemic will affect all people in the same way. Even the very opening assumption made by OP is false. The virus kills mostly old and sick people, so even it is picky in its way. Even the virus doesn't like socialist ideals.
2638  Other / Off-topic / Re: How to maintain your good health? on: September 13, 2020, 02:53:04 PM
I can tell you that I used to catch flu, cold and other infections when I lived in a warm city apartment. Then times changed and I moved to the countryside where I had to go outside to get firewood every day, even when it was -20*C. I'd wake up in the morning, chop wood, go back inside and make breakfast. We'd often make tea or coffee and walk around the house in the falling snow drinking it. It made me so "tough" that when it was -5, I'd go out to get wood in a hoodie. I no longer needed a warm jacket and I didn't catch a single cold on that year.
We also lowered the temperature in the house and begun to sleep in about 18*C, never going above 20. It's really good for your throat and lungs.
2639  Other / Politics & Society / Re: People are so slow these days. on: September 13, 2020, 02:15:24 PM
The society changes a lot every 20 years and with every 50 there's a giant generation gap. I'm in my 30s and I see young people wasting so much time playing stupid pay to win games on their phones. I really don't get how you can waste 8 hours a day on that tiny screen doing unproductive stuff. Later they meet up with friends and have nothing to talk about because they don't watch movies or read books, they can only tell their friends what their score in clash of clans or some other shit is and how much they had to drink last time.
Fat society? Sure, but I have a lot of fit friends who ride bicycles every week, eat well, do some rock climbing and so on. It all depends on where you live and who you surround yourself with. I can't think of any really fat person that I know right now. In the suburbs most people have to work in the garden and do stuff around the house, wash the car, so it's hard to find a really fat person.
2640  Other / Archival / Re: What will happen to bitcoin on a world war? on: September 13, 2020, 02:04:31 PM
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

First of all you'd have to define how you understand a world war. For instance, in WW2 not all countries were affected. For instance North and South America and Canada were untouched. If they had the ability to run the Internet at that time it would work just like before the war.
Gold used to be the go to store of value because there was no computers and no Internet in the last wars. Now you can have Internet and a Bitcoin wallet in your phone and you don't need every single antenna standing. If you go out of range you can move near a working antenna.

If it happens to be a nuclear war we'll have no need for Bitcoin anymore.
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