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2821  Alternate cryptocurrencies / Altcoin Discussion / Re: Tom Brady and Giselle Bündchen loses a combine $650 Million from FTX on: November 10, 2022, 11:44:23 AM
Re: Tom Brady and Giselle Bündchen loses a combine $650 Million from FTX

Please change the title, as it's totally misleading.

https://www.dailymail.co.uk/sport/sportsnews/article-11408011/Tom-Brady-risks-losing-ENTIRE-investment-FTX-exchange-plunged-fortune-crash.html

Quote
While neither Brady or Bundchen are expected to see losses to the magnitude of Bankman-Fried, the company's recent developments could certainly leave a dent.
The ex-couple's net worth is estimated to be $650million, according to CelebrityNetWorth.com.

https://cryptoslate.com/tom-brady-gisele-bundchen-investment-in-ftx/

Quote
The deal gave Brady an ambassador role for FTX and Bündchen the role of Environmental and Social Initiatives Advisor. The equity stake and financial terms were not disclosed.

Their entire wealth is $650 million, nobody knows what stake they have if FTX, it might be $500k or $20 mills.
2822  Economy / Scam Accusations / Re: Twttoken.com Potential Scam, Claiming Token Coming From Elon Musk on: November 10, 2022, 11:27:18 AM
We've reached the point where we definitely need 4 letters for coins, this is like cities running out of telephone codes or car number plates.
No, not needed. 90% of those should just be wiped from existence.

Seeing your reply I was curious, what's the highest token that has 4 letters, opened coingecko and, I realized I'm out of touch with altcoins.
So, I'm guessing you'll be surprised too, in the top 10 coins there are four with five letters and one with five.
USDT, USDC, BUSD, DOGE and MATIC.
I counted 20 more with 4 in the top100 before I gave up.

Maybe we won't run out of 3 or 4 letters but for sure we're going to run out *USD* 4 letters abbreviations, there are 87 damn stable coins!

As you said, this has to stop, it's worse trying to recognize a coin that going through hundreds of listed companies on the stock market, and scammers take advantage of this every day.
2823  Bitcoin / Bitcoin Discussion / Re: In 2013 someone paid to store all the lyrics to a song on the blockchain. on: November 10, 2022, 11:15:14 AM
For those who aren't aware, that song is a famous MEME: "RickRoll".
Some "men of culture" usually swap links into the Youtube video of "Never Gonna Give You Up" by Rick Astley instead of the intended/displayed URL.

Please don't use "men of culture"!  Cheesy
It also has a different meaning, every time I screen animes for my kid and my older nephew I check the comments and if there are some like "We are all men of culture", or "My cultured senses were tingling." it means it's not really an anime but pure hentai!

Almost ten years ago, someone paid to store song lyrics on the blockchain. The only explanation to this is that he or she was truly ahead of time.

Yeah, how about no!
People try to leave their marks on everything, there are hundreds of messages from stupid quotes, to prayers, to links, everything.
Satoshi did so with the first block, hundreds tried to copy him for fun.
Not everyone who did so was a "visionary" some did it out of boredom.
https://decrypt.co/55642/the-5-best-secret-messages-hidden-on-the-bitcoin-blockchain

Once it is on the blockchain there is no way to get rid of it.  
https://gizmodo.com/someone-uploaded-child-pornography-to-a-blockchain-ledg-1832398480

That's on the BSV chain, once CSW finally goes to jail for all his scams that chain will die just like hundreds of shitcoins have died.
The blockchain is not something that magically keeps data alive, it's the same as a torrent, if there are enough seeds the file will be available forever if nobody shares it or in the blockchain case, there is no full node available the chain is dead and nobody can retrieve the data anymore.
2824  Bitcoin / Bitcoin Discussion / Re: Sam Bankman-Fried the "savior" and his ideas on: November 10, 2022, 10:54:24 AM
How Sam SBF and FTX acquired Celsius while they have similar risk taking approach and same issues like Celsius.
What? Since when did they acquire Celsius?

He didn't.
He was planning to buy their assets, just as in his proposal with Voyager, but unlike the other, it was all just talks behind the curtains and rumors.

Like BUSD which is backed by fiat currency (at least it is what they claimed they are doing).

Not even that:
https://www.binance.com/en/blog/ecosystem/introducing-busd-monthly-reserves-holding-reports-3675220544653402926

Quote
2. BUSD is fully backed by cash and cash equivalents.
3. The reserves backing BUSD are held in fully segregated, bankruptcy-remote accounts.




2825  Economy / Economics / Re: Your BLACK FRIDAY deal on Bitcoin: 45% OFF until December on: November 10, 2022, 07:53:18 AM
Yeah, I don't know about those Black Friday deals.
It feels like every time I get to buy something at a "discount" next year that damn thing will be 3 times cheaper at the normal price.  Grin

Black Friday sale is now done with Bitcoin. Bitcoin at $53,000 was really a steal. Good job for those who were able to take the opportunity and bought at that highly discounted price. Today, Bitcoin is showing some green candles. The price has even breached $58,000. Right now, it has fallen a little and stayed at $57,700




2826  Economy / Exchanges / Re: Is BIKA Exchange Real? on: November 10, 2022, 07:44:51 AM
Just being a new exchange is risky, not really meaning it's a scam as all exchanges that are launched have to be new at one point.

But when they are that new yet they claim this:

Quote
The "BIKA 1.0 trading system" will be launched in March 2021, and the more stable, safer and more transparent "BIKA 2.0 trading system" will be launched in November. The "BIKA 3.0 trading system" will be launched in May 2022, creating a new era of contract trading

After 3 years of polishing, BIKA exchange now ranks in the top 29 of the global exchange rankings. And cooperate with more than 30 mainstream media around the world to carry out digital asset trading business in more than 50 countries and regions.

it's clear they are lying and it means you should definitely avoid it.

Plus, be really careful about self-hosted android apk that are not even present in the google store, you have no clue what you're downloading at all.

ps.
Their twitter links to bika.cfd, also just 4 months old so impossible to have obtained this :
Quote
March 2021: BIKA was founded in the US and obtained MSB license in the meantime.
2827  Bitcoin / Bitcoin Discussion / Re: Bitcoin Vs Cash which is more secure on: November 09, 2022, 08:42:25 PM
Cash transaction would have been a perfect option for 100% anonymous transaction

Sorry but how is cash transactions anonymous? Except if the cash you are referring to here is not the physical cash we spend, that is otherwise known as fiat,  then I would like to know the type of cash you are referring to as anonymous, because to me, cash transactions are nothing near to being anonymous.

Cash as in banknotes and metal coins.
How is cash not anonymous?
Do the bill you hand over to some grocery store carry your name on it? Are they registered with your name in some database? Can someone looking at a bill track you or see how many $ you had in your wallet 10 years after you made the purchase?
So, what aspect of handling cash do you think is breaking your privacy and revealing personal details to others?

Comparing cash and bitcoin in security then definitely bitcoin is highly secured cause its irreversible,

And cash is not?
2828  Economy / Speculation / Re: Crypto exchange wars going on... FTX vs Binance on: November 09, 2022, 07:24:46 PM
Meanwhile, you've got guys like Novogratz saying their stocks are "unbelievably cheap" now, when clearly, it's believable heh. I sense scalping season ahead, so it might get bloody, but it won't last long... hang in there.

Novogratz?


The guy has just lost another $70m and still has the nerve to come and say something, anything?
This is the shut up moment for every single of these ***, seriously, after Terra, after Celsius, Voyager when every single of these morons came to say wasn't like them it's about high time for every single of them to shut the fuck up and do so till the community asks for their opinion.

Quote
“It reminds me that this is a very young and new industry and part of the growing pains is weeding out the bad actors, the excesses, and pivoting towards something that’s more trusting,” he added. 

Yeah, weeding out bad actors while millions lose money it's definitely a great step forward.
2829  Economy / Economics / Re: TSMC says efforts to rebuild US semiconductor industry are doomed to fail on: November 09, 2022, 06:50:44 PM
I believe when he meant cheaper labour, he meant people who do not do the high end parts of it, but more like "carry this box here to there" type of people.

I have a hard time believing TSMC is letting a guy paid with 2$ an hour drive a manitou through their warehouse with 1 ton of chips hanging 5 meters in the air.  Wink

The margins are low because it's chips, and you can't just produce a billion of them in a day, meaning you are selling it in limited orders and even with high demand, there is a logical max price for it, you can't just charge 10k per chip right? So that means you can increase the price, but eventually it will be limited. However, I do agree with you that it can be done, it is not as difficult as they make it out to be, it is just another business.

This is where you are mistaken, by the same logic Ferrari would have lower profit margins per car than Renault.
But let's stop speculation since TSMC is a publicly traded company so:

Quote
Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips for smartphones and other products, said Thursday that its quarterly profit rose 79.7% over a year earlier to a record $8.8 billion amid surging demand.
Quarterly revenue rose 47.9% over a year ago to $19.2 billion, the company reported.

https://investor.tsmc.com/chinese/encrypt/files/encrypt_file/reports/2022-07/95e05d031e382c1beaf2b7f088e2dee32e13a0bc/2Q22EarningsRelease.pdf

Quote
Gross profit margin is expected to be between 57.5% and 59.5%;
Operating profit margin is expected to be between 47% and 49%.

Apple is at 25%, just an example, Amazon is at 4%.

2830  Bitcoin / Bitcoin Discussion / Re: Sam Bankman-Fried the "savior" and his ideas on: November 09, 2022, 06:30:31 PM
Two weeks, and god!!, reading this topic feels weird.
I'm so happy I used "savior" with commas, I don't have to change it from savior to unsalvageable, not recyclable etc, etc!
Or switch to "“How the mighty have fallen!" because it fits so well, from the one that had plans to bail out every troubled DeFi and exchange to the one that has to be bailed, from the one talking about regulation to a guy that has definitely played and got in some shady deals behind the scenes.

And why stop here with the ironies:



The future has proved who has no future...
OMG, I could on like this forever!

One more, he wanted to save us, but instead of giving us a fish, he took the fish!

As a consequence of the collapse of FTX, there is also positive news: "Bankman-Fried’s priority crypto bill ‘dead’ after FTX sells to Binance" - https://www.theblock.co/post/184436/bankman-frieds-priority-crypto-bill-dead-after-ftx-sells-to-binance?utm_source=twitter&utm_medium=social Thus, the centralization of the cryptocurrency market has become a few steps further.

No, the guy promoting the bill selling to the one that wanted to fork bitcoin to get his coins back is not really a step away from centralization!
2831  Bitcoin / Bitcoin Discussion / Forget SAFU, learn to be your own safe! on: November 09, 2022, 05:16:43 PM
I probably don't have to make a recap of the events, we all know, shit hit the fan again just like Celsius, just like Terra, just like Mt Gox, and just like the not yet launched CEX that will run out of your money in ten years from now.

I know we have tons of topics about "not your keys, not your coins" but I want to point out that not only do some forget this, but they also fall for tricks with guarantees about their funds and just look how gullible some people are, and how some are clapping and liking this crap:



Terra tried a token that was backed by printing more money to buy coins that will back their coins, now CZ, the master liar when it comes to volume, regulation, or where Binance is licensed (if at all) tries to reassure you that your funds are SAFU, your Bitcoins and $ are SAFU because he has 700 million of tokens he has printed himself! To make people understand, just BNB has lost in a matter of hours 4 billion in valuation, yet he guarantees all your funds, all your stable coins are safe because he has 1 billion in shit tokens to prop it up!

A coin backed by a token that is backed by a tweet claiming that those are indeed available funds is not a stablecoin.
252,597 BTC backed by 16,277 BTC are not SAFU!
Deposits claimed to be in the tens of billion can't be backed by 1 billion in shitcoins!

Trusting these guys with your coins is just giving them more power and nothing else, this is no FDIC, just tweets!
I know that for traders it's impossible to use anything other than CEX, if you want to trade every second every hour, set up trades 2 days from now or at certain prices that's the only way to do it, but for the others, CEX are not meant to be your bank! You are!
2832  Economy / Speculation / Re: Crypto exchange wars going on... FTX vs Binance on: November 09, 2022, 04:41:55 PM
I guess in case of FTX collapse, the contagion is almost inevitable.

It's not just contagion anymore, seems like everyone is actively trying to spread it.

Binance Is Strongly Leaning Toward Scrapping FTX Rescue Takeover After First Glance at Books: Source
https://www.coindesk.com/business/2022/11/09/binance-is-strongly-leaning-toward-scrapping-ftx-rescue-takeover-after-first-glance-at-books-source/

FML, $15k incoming if this is not denied by either of them.
As for CZ, he has 1 billion in SAFU funds and has started reassuring people he actually has their money, just please, please be it like that as I really don't want a black Friday this week!
2833  Bitcoin / Mining speculation / Re: 2022 Diff thread. on: November 09, 2022, 03:03:32 PM
Using filters on your intake simply means the airflow will start to go down from minute one, if your intake fans move 10k m3/h without filters, with clean filters they won't do 10k, the filters themselves will reduce that amount, so maybe 8k m3/h with filters being brand new, the next day, some of those wholes will be blocked and now the 8k is 7k, so to maintain good flow you will have to clean the filters very often, in my case, i'd have to probably clean them every week at best.

Since I toyed with the idea of filters I totally agree with this, if the air you're pulling in is dirty and far worse even a bit humid (I don't know if dew affects it but we get a lot of it) those filters will drop the flow radically. My first try was to put them in the window before the axial fan and the steel protection grills and it was a complete failure, if put in the space behind it it does reduce the airflow considerably less but in both cases, it's a pain in the ass to dismantle and clean. But unlike Phill, I have way less gear, and a way colder and bigger building so I don't care that much about a drop.

Probably once you've got more and more gear and you're constantly expanding you have to look for professional solutions, where the air is filtered from multiple sources outside, so there is enough flow at the point it is blown into the room.

I was never able to understand the economical logic behind using liquid cooling in mining, it's cool and all, but the cost is extremely high, if noise isn't an issue for you, why not just add more fans to the wall? or replace the ones you have with some strong fans like this or this

Lol at the second link, poultry farm, mine is the original pig farm, oink!, axial one, but nowhere that size they were supposed to work in 6 pairs if I remember correctly.

the rooms shape and lack of wall area to add more fans is a real issue for us.

What about up? Have the intakes on wall level and the outflow through the roof?

Is anyone interested in the price, diff?
17k, pace at 103%, viabtc showing 5.9 cents per th/s...
Anybody?  Grin
2834  Other / Meta / Re: Could This Help To Reduce Spam? on: November 09, 2022, 11:17:06 AM
Most of us will fail in this task. Suppose, for example, that the members who participate in the signature campaigns are 500 members, and with restrictions of about 20 Merits per month, this means 10K merits per month.

20 merits a month is going overboard and even 10 sounds like way too much.
You say it's easy for 500 members to get 20 merits a month but I doubt there are that many posters overall in the gambling section that get that many, probably one of our AI friends might come up with a list but I'm betting that there are way fewer users that get 20 a month and that there is way less merit being spent on the gambling board than other subforums, so a higher requirement will also hurt some that don't frequent high merit distribution areas too.

I think we're slowly turning from making the board less spammy to making it some sort of restricted area for older users only.
2835  Economy / Scam Accusations / Re: Twttoken.com Potential Scam, Claiming Token Coming From Elon Musk on: November 09, 2022, 10:30:18 AM
I just saw this in my feed I don't know if this guy is being paid to do this or if he is part of the team, he is an influencer with 27k followers...
He now has 21k followers. Maybe it dropped following that tweet, but I doubt it. That guy is far from an influencer. Most of those followers are probably fake or bought.

Bought followers, Twitter has started recently, a bit before before the acquisition, to really hunt fake followers services so no surprise some are losing thousands in a day when a whole farm gets nuked.

As for this guy, he's just a moron, after that tweet he posted:
Quote
Dear
@elonmusk
Please kindly confirm you are aware of the below:
@Twitter
 present to you Biggest Cryptocurrencies, #TWTTOKEN

And he's specialized in "IT | Cybersecurity".

That aside, I was curious why I got results from a year ago with the hashtag for #TWTToken, with this multitude of tokens they got the same name as "trust wallet token". We've reached the point where we definitely need 4 letters for coins, this is like cities running out of telephone codes or car number plates.

2836  Economy / Trading Discussion / Re: Reminders to all Crypto Lovers on: November 09, 2022, 10:12:01 AM
Seriously has anyone fall or experience to romance scam situation? I think this is a bit of effort if someone trys to let them or make them fall in love and the goal was simply to knock out some of your funds by stealing or hacking.

There are thousands of cases happening!
First, remember that this is a thing some will want to keep quiet about, it's one way to come out and ask advice if a shop has not delivered some miners if your wallet is hacked, and a totally different thing to tell strangers that you met a girl on the net and you've trusted her with money while your main purpose...we all know what that was.
Men won't like to talk about it and married men definitely do not.
That being said:

https://bitcointalk.org/index.php?topic=5307064
https://bitcointalk.org/index.php?topic=5282182
https://bitcointalk.org/index.php?topic=5301385

Quote
Tinder as usual. I have around 190K USDT and they are not allowing me to withdraw. They blocked my wallet.
Quote
I started chating with a girl from Tinder that the conversation lead to her bussines wich is a investor.

and so on!

And, if you're curious about extreme cases:
Ex-Italian Volleyball Player 'Dated' Model for 15 Years. Turns Out He Was Scammed
2837  Other / Beginners & Help / Re: Recent event: Stay away from centralized exchanges (FTX, Binance, etc), use DEX on: November 09, 2022, 09:44:13 AM
Don't use centralized exchange anymore, learn to use decentralized exchange e.g. BISQ.

Probably an exaggeration to say 99% but 90% is a clear possibility people that who make a high volume on Binance or FTX will have no use for BISQ. Those are traders that are doing a hundred trades a day, scalping every few dollars in a price change, a thing that's impossible over BISQ, for them, it's like asking a forex trader to move over and use an airport booth currency exchange.

It's simple in theory to ask everyone to move to dex but for some DEX are simply not offering what they want.

What's funny is that this event was a repeat of history — sort of like MtGox v2; whereas FTX, an exchange that people trusted a lot(just like people had heavy trust on MtGox back then), ended up having insolvency problems(presumably, things still aren't 100% clear) in the end.

Way too many differences
- FTX had not that huge market share
- FTX hasn't been hacked and didn't get assets stolen
- Mt Gox wasn't attacked and stabbed in the back by Bitstamp


2838  Economy / Exchanges / Re: FTX comedy and might be another exchange that bites the dust? on: November 09, 2022, 09:32:40 AM
If it was someone else, I would definitely surprise but since it's CZ, there's nothing to surprise. It was expected that CZ wants to rule crypto world, he wants monopoly on the industry which he is getting eventually. There was a time when CZ said he wanted to charge back a BTC transaction which was hacked from Binance, it was something not possible, he knew that. But he wants to he something like that. So, yeah, it's nothing of surprising and it's a part of his monopoly.
If someone can't break this monopoly, there will be hard time ahead for cryptocurrency.

Nobody cares!

Microsoft destroying Netscape, the evil corporation, Bill Gates the Illuminati, it has set back development for years, damn corporation monopoly!
Binance is bankrupting FTX, CZ is a genius, Binance is a good exchange, a near monopoly is good for the economy, and this is good for bitcoin!

The world is upside down, as I see people cheering for this kind of manipulation and not who they are cheering for, the guy that continuously lied about volume, about legislation, that slapped x10 fees on BTC withdrawals to promote his own tokens and stablecoin, hope is starting to fade away!

It should concern everyone

It should! It's ....not!  Sad


2839  Other / Meta / Re: Could This Help To Reduce Spam? on: November 09, 2022, 09:10:49 AM
It's obvious what will happen
- spammers will create new topics and abandon them when the quota is near
- they will flock to other topics that are building slowly and start spamming stupid things about sports they don't even know how are played

The 1000 barrier is also way too high for some and for some other sports or competitions it might be too low.
Unfortunately, the only ones that can do something about it are mods and more importantly campaign managers, but the second ones don't seem to care that much.

Solving the spam is not partially. I suggest that there should be a minimum level to show the signature in all forums, such as 1 merit per month or 20 per month in some spam boards, if you do not get those merits, the signature will disappear.

Sounds nice but I'm pretty sure in reality a lot of them will manage to get enough either directly or by trading it.
Even the red-tagged 1xbit spammers are getting 1 or 2 merits, so for the more advanced spammers capable of writing 5 not 2 lines of text 1 merit will be reachable. Also, I don't think the WO members will be happy with that, that topic will be flooded with merit begging.

I'm not misleading anyone but most mega thread contains a lot of spam, compared to smaller ones.
If you lock those megathreads, where do you think those spammers will write? Do you think that they would stop posting or suddenly increase their post quality because of that measures? Of course not, they would just share their nonsense in other threads so I don't really see how what's proposed in your first post would help the forum.

Don't lock, only disable signature from the 1000th pages onwards. It would filter signature spammers from posting shit.

I think that the battle for the whole board is lost and there is absolutely no possible way to control it, so it would be better to simply keep your own topics clean by having them moderated. After all, if we think this from the user perspective, they could spam all the s** they want in mega threads while real gamblers who make real posts will stay in those self-moderated ones where they can actually communicate.

But out of pure curiosity, what would a bumping rule do to that board?

It's a bit hard to grasp all the impact but if topics with shitposter are not getting bumped by low-merit spammers while self-moderated topics with users with higher activity are being kept on the front page, wouldn't that cause less exposure to mega threads and finally make managers realize they are paying for bottom page zero views posts?
I know there are flaws here also but at least the code is already done and it takes just a minute to include the board.




2840  Economy / Economics / Re: Consumers to Spend More on Black Friday Despite Economic Downturn on: November 09, 2022, 08:16:52 AM
But the thunderstorm is most likely to come next year - this year is finished anyway.

But for sure 2023, because you know...there was 2013,2014,2015, and it's really getting late!  Cheesy

Isn't this surprising? Why is this so?

Surprising for who?
For the ones that have emerged from their toilet paper and tinfoil forts and dens and have just realized that the world hasn't ended?
What is surprising in seeing things happening continuously like this, have you watched the tourism numbers? Cancun broke all tourism records, and airports all over the world have done the same leaving behind 2019 numbers, the malls, the parks the restaurants are full, and it has been a pain in the ass to reserve a cabin with some friends for New year's Eve a month ago!!!

Just because a recession might be at the door because we have a 10% inflation it doesn't mean the world is stopping!
People need food, people need appliances, you need a laptop or a phone to post here and if that becomes outdated you do buy another one!

The economy and consumer spending doesn't stop because of a thing like this, it didn't stop in 2009, it didn't stop in ww2, and it's not going to stop now. Despite all the drama people still have money to spend, and if they decide they would want to take advantage of a bargain sale, it's pretty normal to see numbers increase!

We all see it that the recession is coming, and then so what? If we are still able to budget some funds for this Black Friday, then no one can stop us really.

Exactly, is fascinating how bitcoiners hop from my coins my bank my decision to the need to dictate to others what to do with their money!

 
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