That sucks. I've thought crypto/Blockchain tech was all about decentralization and censorship-resistance. Blocking access to some tokens would make the aforementioned "DEXs" no different than any ordinary centralized exchange. While it's still possible to trade directly via smart contracts, not everyone knows how to do it. With censorship on the web interface, governments will be able to successfully enforce KYC/AML laws. That wouldn't had been possible if the interface was hosted on an alternative network that's decentralized by design (eg: Maidsafe, ZeroNet, etc.). Regulations seem to be increasing in the crypto sector, so we haven't seen the worst yet. Who knows what will mainstream governments do next? Just my thoughts  |
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Highest bid so far: 0.003 BTC
Auction ends tomorrow!  |
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If its real DEX not the pseudo then it will never possible for the governments to enforce them to do anything because literally the users are not creating wallets they are simply interacting with the smart contacts right?
Users may be interacting with smart contracts, but most DEXs (if not all) have a web interface that's hosted on a centralized server. If they don't comply with KYC/AML laws, governments can easily take down the server for good. Only tech-savvy people or those with a little knowledge about smart contracts, will be able to still use the DEX directly after this happens. But the average person doesn't know this, so shutting down the web interface would mean bringing down mainstream adoption for good. This will be a never-ending battle as governments try to prevent people from using crypto as much as possible. Decentralization needs to prevail in order to curtail governments efforts against freedom and financial independence. As long as decentralization wins, it will be impossible to enforce regulations at will. Just my thoughts |
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It's too early to expect SEC will be succeed in this case, There must be more confirmation whether SEC was taking action against binance or not. We do know that there are so many FUD in the market right now. Im thinking about that already published by some press was not true. If SEC was winning the case and it will be the same like what happened with KIN token. Binaance just need to pay the fine. BNB is still survive and SEC was nothing for binance.
Binance has a very big ecosystem in the crypto market and it's even expanding even more.
Binance has a lot of money, so it won't have any problems paying the fine. If the money laundering situation turns out to be true, then BNB could suffer a huge blow in its price within a short amount of time. That's because investors/traders will be skeptical dealing with something that's been linked with illegal activities. I just hope Binance doesn't turn into another Mt. Gox 2.0. Otherwise, crypto market prices will dive like crazy. Ultimately, what matters is decentralization. As long as decentralization wins, there should be nothing to worry about. Just my opinion  |
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If I remember correctly, there is some kind way you can use a bright/strong light to see what you got. Other collectors who are more knowledgeable in this area can add to this i think minerjones is referring to this post by teeGUMES, where it is described exactly how to get all the information of the particular stamp without peeling the cover off enjoy it We can't look past this any further. Austria Post Crypto Stamp 1 (CS1) Austria Post Crypto Stamp 2 (CS2) These both should be considered "Breached" straight from the manufacturer. After market sales depend solely on the integrity and honor of the seller. If you do not care about the Non-Fungible Token(NFT) or online portion of collecting these stamps then you are fine. CS1 was found(allegedly) to have been gamed by insiders/post office workers due to the ability to scan the forward facing and uncovered QR code to determine rarity. Anyone that had an inkling about rarities and cryptocurrency hype could have easily pocketed Blues/Yellows/Reds and sent out the more common Blacks/Greens to consumers. Hard to have concrete physical proof of this happening but the upgraded security to the CS2 (inside packaging with a tamper proof sticker) proves that this was recognized as a security flaw. The attempt to fix this issue with the release of CS2 has still proven insufficient and can be bypassed by anybody with just one hand and a light squeeze. The tamper proof sticker does nothing to stop this from happening. I was able to squeeze the packaging and carefully remove the card from its slotted position inside. I was then able to retrieve the seed phrase and once again squeeze the package open and slide the card back into the slot. Little to no damage done to the packaging or stamp itself.. nothing a few hours in between two heavy books wouldn't fix.  Now lets get to the major breach of not just CS2, but also CS1.   Both intact, I tried to show the serial to maintain authenticity through this story of pictures. I took the previous two pictures inside but have moved into a pitch dark storage room for the next few. This is NOT needed for the effect shown on the CS2 stamp, moreso the CS1 stamp proves superior here but is still vulnerable to a flashlight and dark room. (This took me around five minutes, if I were a more nefarious actor I could have done a much cleaner job.) CS1  CS2  As you can see in a dark room with a flashlight the seed words and QR codes are visible. With a better flashlight and some contrast adjustments(Photoshop) these could be a lot more crisp and legible. CS1 proves superior with the scratch n' sniff label over it but still doesn't hold up to a dark room and a flashlight. I am unsure who created the actual physical portion of CS1 for Austria Post - will edit if/when I find this information. The physical CS2 were made by a company named Variuscard and commissioned of course by Austria Post. Security testing appears to have been non existent. Advice - If you ever want to avoid problems like this and work with the community, read THIS thread and you'll see how it should be done. (There is a lot of talent you would not expect in the Bitcointalk Collectibles community.) As this post is about the physical portion of the cards being breachable by anyone that has ever come into possession of them I won't get into the OnChain Shop mess going on right now as that would be labelled as a fail rather than a breach. Special nod to Capacity Blockchain Solution GmbH and the Ethereum Network for that. To sum up. Any and all CS1 and CS2 out there should be considered breached. If you bought straight from Austria Post then you're probably(maybe) alright. The sales that take place on eBay and in the Collectibles board here should be scrutinized and the character of the seller should be taken into account. If you only care about having the card in your possession and don't want to play with MetaMask/Ethereum/High Gas Fees then there is nothing to worry about. Both CS1 and CS2 are absolutely beautiful pieces to have in your physical collection. Note: If you can do anything with the QR/Seed Phrase pieces I've used in this post, go ahead as they're now part of my compromised collection. I didn't know it was possible to see the contents of the stamps by only squeezing them slightly at the bottom. Does that mean both Crypto Stamps 1.0 and the 2.0 versions are compromised? I've bought mine (CS 2.0) on eBay around 3 years ago, so I'm worried the NFTs might've been redeemed already by someone else. I did the "light and the squeeze trick", and so far, none of my stamps are the red ones. I'm going to leave them sealed as make nice crypto collectibles. I wonder if the trick will work in newer versions as well (3.0 and 3.1)?  |
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For my Monero/Bitcoin combo coins I placed the entire seed under the Holo as a qr code and also in alphabetical print. This way a person will have it all once the time comes to redeem....private spend key....private view key...etc What made it possible is the fact my security Holo is 2 inches in diameter  https://bitcointalk.org/index.php?topic=5389190.msg59791613#msg59791613I have done a few - did them same as krogoth - private key/seed phrase - I only did it as a QR code though - not typed out. Size of the QR code was .6"  Depending on the hologram's size, it may be possible to fit 2 QR codes at the same time (one for the view key and the other for the spend key). I was going to place them in text format, but it wouldn't work with Monero the same way it would with other cryptocurrencies like Bitcoin or Ethereum. I'm going to try placing the keys on my brand new DIY Monero poker chip following your advice. Thanks, guys! |
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To clarify, if I'm not mistaken, the bill does not call to ban Bitcoin mining. I guess the word ban is not apt at the very least, a FUD at most. The bill simply calls for a moratorium. The moratorium will last for two years. Moreover, the bill only applies to certain Bitcoin mining operations, those that use electricity coming from nonrenewable sources. Those Bitcoin mining operations that use green energy shall be allowed to continue within and beyond the 2-year moratorium.
Anyway, I don't believe that there will be a worldwide ban on Bitcoin mining.
As long as Bitcoin mining isn't banned completely, there should be nothing to worry about. The moratorium will only last for a short amount of time, so my guess is that New York miners will resume their operations in full after the dust settles. So far, only one state in the US has taken the approach to "ban" Bitcoin mining but we cannot discard the possibility of other states or countries doing the same in the future. Only mining with alternative energy will change governments' stance against Bitcoin for good. With decentralization at the forefront of Bitcoin, nothing should be able to stand in its way. Just my thoughts |
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I have one of those DIY Monero poker chips from Krypto Keepsafes. I've never used Monero for anything else other than redeeming certain pre-funded/buyer funded coins. I was wondering how to load the keys under the hologram of the poker chip, since Monero requires a view key and spend key to be able to access the funds. Fitting both keys under the hologram would be quite a challenging task to achieve. After all, both keys have a long string of characters behind them. If you know how to load DIY Monero coins, please let me know. Any help, suggestions and/or recommendations will be greatly appreciated. Thank you. |
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It seems that governments are increasing their regulatory efforts after what happened with Russia "evading sanctions" and the recent Terra/LUNA crash. Day by day, we're seeing centralized exchanges requiring additional information in order to comply with KYC/AML as much as possible. There have been rumors that governments will target decentralized exchanges (DEXs) to require them to comply with KYC/AML laws. While we know this is impossible at the technical level (due to the decentralized nature of such exchanges), it's easy enough to prosecute the developers if their identities are publicly known across the web. A decentralized exchange requiring KYC will greatly defeat crypto/Blockchain tech's purpose in my own opinion. It will bring back the middleman which is the single point of failure crypto was meant to avoid in the first place. What do you think will happen with DEXs if governments require them to comply with KYC/AML laws? Will they cooperate or not? If they don't comply, will that mean using a DEX be considered as an illegal practice? Your input will be greatly appreciated. Thanks in advance. |
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Most recently, the state of New York (in the US) passed a bill to ban Bitcoin mining due to environmental concerns. Some time ago, the EU did something similar (although it came into law) making both investors and miners largely concerned about the future of PoW cryptocurrencies like Bitcoin and Dogecoin. If FUD related to PoW mining damaging the environment persists (remember Elon Musk also criticizing Bitcoin?), then cryptocurrencies with PoW algorithms will be forced to switch to PoS altogether. Bitcoin will be the mostly affected since it's the biggest PoW cryptocurrency in the world. Growth for the pioneer cryptocurrency will stifle, forcing miners to close down their business for good. Do you think countries worldwide will ban Bitcoin mining due to environmental concerns? If not, why? If mining is banned, do you think Bitcoin will switch to PoS? Will it still survive being a PoW cryptocurrency? Your input will be greatly appreciated. Thanks. |
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It seems like the US' SEC is now investigating Binance for allegedly doing money laundering practices. If proven to be true, this could be a huge blow to CZ's exchange as we speak. Not only will this affect Binance's exchange reputation but also it's very own cryptocurrency (as well as the rest of the crypto market). With Binance controlling most of the crypto market, any bad news like these could mean a bloodbath in crypto prices within the short term. BNB is known to be centralized (even though many claim it to be decentralized), so it's possible the cryptocurrency will vanish if things go the wrong way. What do you think about these latest developments? Will the SEC succeed in its case against Binance? Or will it fail? Do you think BNB will still survive? If not, why? Your input will be greatly appreciated. Thank you very much. |
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I have a set of Crypto Stamps 2.0 that I've bought a long time ago. They're sealed, never opened since the time of purchase.  I was tempted to open them just in case I have the ultra rare red stamp on my hands. But I'm not sure if opening the stamps will affect their value, so I'm asking for guidance in this regard. Any help would be greatly appreciated. Thank you |
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Have you seen any government that make how their CBDC blockchain works? I have seen none, unlike bitcoin.
Even if they use blockchain, fiat will remain fiat. CBDCs are just modern fiat. No privacy, can be seized, restricted from the owner and it is controlled by the central bank.
As far as I know, no government has a working product except China. It's going to take quite some time before we enter the era of CBDCs. From developing the new digital cash system from making people use it on top of paper money, we're talking about a minimum of 5-10 years for governments' CBDCs to become a widespread success. The biggest downside of CBDCs is that all transactions will be completely visible by banks and governments themselves. It'll be the end of privacy for good. At least, decentralized cryptocurrencies will be there to save the day. As long as there's an alternative to CBDCs, there should be nothing to worry about. Just my opinion |
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It is a memecoin which it would really be staying up that way and one of the factors that would disqualified it which it does have that big supply and i dont actually see its utility which is mostly been used on gambling.
We do even see some meme coins in the market which do follows on the same principle of this one but since this coin is old enough and still kicking then it cant really be denied its potential to last up for more years to come.
Supply alone is a solid indication that this isnt really that something that could surpass bitcoin and just to mind off even those good top ranking altcoins in the market cant even do the same thing.
People can't expect a "meme coin" to overcome the original cryptocurrency which started it all. It can't even be taken seriously because of the inflation "baked" into the protocol. Dogecoin's original creators/founders even said that the coin was meant to be a joke. Unless there's a reduction in supply and the project comes up with something truly innovative, I don't see it going anywhere soon. There are far better cryptocurrencies on the market with a proven track record of development and innovation. I'd say both Bitcoin and Ethereum are better than Dogecoin itself for many obvious reasons. How far will the "meme coin" go will greatly depend on mainstream adoption. It may never overcome BTC, but it might stay with us for quite a long time. After all, it's one of the oldest cryptocurrencies in existence. Who knows what the future holds for DOGE and the entire crypto/Blockchain industry? Just my thoughts |
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Maybe we will be rich if bitcoin will reach at least $1 million, and now is the right time to accumulate as the market is in bearish mode again.
I would go for at least 0.1 BTC, that's my target, but first I will have to settle my BTC loan first so I could start saving bitcoin that I will intend to hold for a long period of time.
It all depends on the price. If Bitcoin is projected to go all the way up to $1m, then it's possible you'll have a hefty sum of money in your pocket sometime in the future. 0.01 BTC multiplied by a market price of $1m, equals $10k. To really become rich, you're going to need to hold a lot more Bitcoin in your wallet. That is if BTC will stay within the $1m range. But there's always the possibility it will go even higher in price. As they always say, "the sky is the limit". As long as you're persistent, you'll be on a road towards becoming filthy rich. Just my opinion |
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government cannot control bitcoin (the technology) just like they cant tell a bottle of wine to stop being swallowed.
however governments can regulate PEOPLE. and laws apply to people. because people can be punished and people can read the law.
(bitcoin(and wine) has no brain or eyes. it cant read paper laws. it cant be punished. but people can)
governments can regulate businesses(run by people). and create laws obided by people.
people can try to evade the law. but at risk of punishment if found. and governments can find ways to find people (like how silk road creator was found even with things like tor, proxies)..
yes the laws on alcohol (1920's prohibition.. and under age drinking) has not been effective. and people still drunk it. ... though many people were also caught and punished
yes the laws on drugs ('war on drugs') has not been effective. and people still got high ... though many people were also caught and punished.
..
so although drugs are still available, and alcohol is still available even to underage people and even when it was prohibited in the last century... and bitcoin will still be available .. people using them are limited in their freedom and openness about their utility of it
..
many businesses are not lobbying against it. because these limitations become opportunities. if they can afford the fines or afford the licencing to become legitimate merchants of the limited use items. they can monopolise the market and not have much competition.
regulations are the opposite of the 'free market'.. but hey.. thats capitalism
(im against monopoly and capitalism, and where regulations are used to stifle growth/openness.. but i atleast understand it.)
Too much regulations will do more harm than good for the growth of Bitcoin and other cryptocurrencies on the market. Governments want to abolish privacy because they want to prevent people from gaining true freedom and financial independence. It's a good thing most cryptocurrencies are decentralized, or they would've been easier targets by mainstream governments. Most people don't care about their privacy these days, so they will use CBDCs even if such currencies will be under the full scope of governments and central banks alike. After all, most people don't have nothing to hide. Fortunately, privacy won't go anywhere soon thanks to anonymous cryptocurrencies like Monero and Zcash. While governments can impose regulations to restrict or even ban the use of privacy coins, they can't be enforced because of the decentralized and censorship-resistant nature of crypto/Blockchain tech. I hope crypto remains that way in order to minimize government's power over the people as much as possible. Just my thoughts |
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Abandon it completely hehe. If you can't then there's really no other way to save on on-chain fees than to wait for less congestion in the network. I'd rather avoid using Ethereum unless it's an emergency. There are plenty of chains to choose from and there's an increasing number of chain interoperability implementation.
Other chains may have cheaper fees and faster confirmation times, but they're often less secure than Ethereum itself. Consider how Solana is a victim of constant network outages due to its centralized design (also because of developers' inability to fix/remediate issues as soon as possible). This shows us how unreliable alternative blockchain networks are compared against Ethereum. The world's second-largest cryptocurrency by market cap is still the most decentralized and censorship-resistant cryptocurrency after Bitcoin. I guess you get what you pay for (high fees in exchange for unmatched security/reliability). As I've said before, off-chain scaling solutions help but not many dApps support them. There's really no other option than to wait until gas fees decline to perform a transaction. Hopefully, the PoS upgrade will make ETH more accessible to the average person. As long as decentralization prevails, nothing else matters. Just my opinion |
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I don't think the price of LUNA will return to the way it was because LUNA has lost the trust of all investors and I also found that the total supply of LUNA continues to grow. the team has failed to return the UST price and this is the end of the big altcoin called LUNA which was once in the top 10 of CMC, which is to become a meme coin.
Only the supply of Terra Classic kept growing at a non-stop rate (not sure about now). But the new Terra chain will only have 1 billion coins in circulation. Just like you said, the project has lost the trust of all of the investors. It's going to be difficult (if not impossible) to bring the project back to the way it was. With better alternatives on the market, only a small number of people will switch to the newly-created chain. Whenever it'll have a future or not, will greatly depend on the community itself. If developers, individuals, and startups/companies work together, Terra 2.0 will be going somewhere. Otherwise, not. Crypto behaves in many strange and bizarre ways so anything could happen in the future. Just my thoughts |
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The LUNA team committed a big scam. The airdrop must be for all UST token holders both before and after the attack. Luna tokens were distributed only to owners of UST tokens before the attack, who used their tokens in Anchor Protocol. Holders of UST tokens before the attack did not receive compensation for losses.
That's totally unfair. Without taking into consideration all UST holders, the crypto project will quickly lose investors' confidence. I've seen investors' reactions towards the new Terra 2.0, and I have to say they're not pretty good. Without solid backing from these key players on the market, how will the project succeed in the long run? I hope the LUNA/UST crash won't scare away investors from other cryptocurrencies, or that would mean the end for this exciting revolution. At least, the negative effects of the crash won't last for long. As long as decentralization prevails, nothing else matters. Just my opinion |
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That's too naive to think that if this project has not yet become a failed project. As far as i know if so many people are against the proposal but do kwon was still executing what he was thinkin if that was true. This project didn't even hear the community's response. The founder keep creating the new token to avoid his fault. Creating the token was free but he has been making billions of money gone for nothing. This project was so garbage as fuck.
There's no hope for the new version of terra luna. This will be dumped so hard in the future.
The Terra team failed to listen to the community, so I doubt the project will become a huge success anytime soon. Investors are also frustrated because they lost a lot of money during the crash. Even though the new coin is trading at a higher price than the "classic version", it's still below the latest All-time-high of $120 per coin. The current bear market will make it difficult for the new coin (Terra 2.0) to rise in price at a fast pace. There are far better options with a proven track record of development and innovation. I'd advise anyone to steer clear from this project, just to avoid any undesired loses in the short term. Just my thoughts |
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