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3001  Other / Beginners & Help / Helpful tools to determine potential coin & token to invest on: August 16, 2021, 04:13:14 AM
Hello newbies! as I stumble on some post here regarding how to determine good coin to invest, I decided to share the tools I'm using for spotting a potential coin to invest. You can use this websites to Do Your Own Research instead of just riding the hype from others shilling post.



Token with Upcoming Event - https://coinmarketcal.com/en/
>You can use this to choose a coin to invest and setup a position depends on the upcoming event date. There's a hot section and potential coin there. Most probably you can use that section to spot good project but remember to sell before the actual date arrived unless it is an airdrop event with good return.

Gaming NFT with P2E - https://playtoearn.net/blockchaingames
>Since play 2 earn is hot right now, You can see there the hot and upcoming games with p2e system that will launch soon. You can enter an early position or participate on IDO to get much lower price to gain huge profit once officially listed on DEX.

Dapps - https://dappradar.com/
>This is the tracking website for all dapps including games on all blockchains, You can easliy determine what is the current trending dapps on DeFi ecosystem using it.

News Aggregator - https://cryptopanic.com/
>Compile all the news from different news channel so that you can browse at one go.





NOTE: Never invest on meme coin, copy pasted website format from know project, no audit from trusted company like Certik and make sure the Liquidity Pool was locked to avoid rug pull! Always #DYOR guys!
3002  Other / Beginners & Help / Re: Be careful of low marketcap coins on: August 16, 2021, 03:49:36 AM
This is true, whenever you are looking for a coin to invest always check the marketcap, if that coin is already old and it only has so little amount of marketcap, you should avoid it, that would not be profitable, always check also the volume, this is also important, the volume should high as well, it shows that the coin is active and a lot of investors are into it.
Totally agree, coinmarketcap will help to find important information for proper coin choice for trading and investment, I had experience checking one of the coins which decreased in volume above %50, so I decided to sell before the price was dumped in the market.

This coin tracking tool such as coinmarketcap and coingecko is a very good tool to acquire infor about the project because it was listed there but you can use some tracking app dedicated to track those new and hot project in the market so that you can assure that there will price demand in the future. Here are some tracking tools that might help you:

Token with Upcoming event - https://coinmarketcal.com/en/
Gaming NFT with P2E - https://playtoearn.net/blockchaingames
Dapps - https://dappradar.com/
News Aggregator - https://cryptopanic.com/
3003  Bitcoin / Bitcoin Discussion / Re: List of ETF filings this year in the US on: August 13, 2021, 02:28:59 PM
If Physically Backed ETF will be approved, will the current Bitcoin price volatility will gonna lessen? Sec will surely monitor and implement guideline to address issue before they start approving this ETF filing because they will ensure that this is safe for consumer investment. I'm not knowledgeable enough on how ETF so maybe there's a flaw on my opinion.
3004  Economy / Gambling discussion / Re: Why Is Gambling Seen As An Irresponsible Act In Some Society on: August 12, 2021, 04:10:10 PM
I have been wondering lately why people who gamble are often seen as irresponsible people and are sometimes arrested, a few weeks ago in my neighborhood so many young men were arrested in a gambling house for no reason and the police keep raiding casino houses But to my surprise gambling or playing bet is not an illegal activity in my country.

could it be that the police are just abusing gambler on their fundamental right or there is something am not aware of?

The police will not bust them if they are not doing illegal gambling. Maybe your country has a policy to allow only all those registered gambling and not the unregulated gambling on household. Because if there's really no law about it. I don't think they will gonna go on jail since there's no case that will gonna file against them.

Most people think bad about gambling because you are betting your money for something that you could instead used the money for personal needs. You can earn money through job and business so many people think doing this is very irresponsible because you can loss your money without getting anything.
3005  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Gaming on: August 12, 2021, 01:37:05 PM
With the development of more gaming sites with more consensus to reward gamers so many of the NFTs will in the future look into this new trend that allows users to play computer games and get rewarded without having to stake money, they get paid for the skills in playing computer games.

It's impossible to sustain a game with purely free P2E because there will be no source of funds for the rewards. It is vital for this kind of model to require players to pay or hold specific token in able to start earning. This way, The team can gather funds and the tokens can gain demands on using it for gaming for purposes. Having a major sponsor is the only way free P2E game can run and survive on this market but this will gonna last long since its prone to abuse just to earn more. The current model is good and sustainable just like what Axie currently doing right now.
3006  Economy / Speculation / Re: Is Bitcoin bull market back on: August 12, 2021, 11:56:53 AM
I don't think that it's the bull market again for bitcoin, it's a bit slow of a run if it really is a bull run in my opinion. For me, the best thing to do is watch out for the market and be careful while on it because we don't know what's in store for it's future, hodl if you can and don't panic over short-term dumps, you wull only lose money.

Bitcoin shall be on bullrun right now if there's no FUD whenever it will break the important price resistance. Bitcoin fails to maintain price above 46K and currently having a minor pull back. There some news about coinbase and China that might cause another FUD to the market. BTC is doing a good run from 32K until now but you are right that it's too early to say that we are on bullrun unless the price break the ATH since the current price is still too far from it right now.
3007  Economy / Scam Accusations / Re: [WARNING]: Binance Admitted that EU / SEPA / FIAT situation is out of control! on: August 12, 2021, 08:51:46 AM
Can you elaborate further your case. I understand that they are holding you funds but as what I'm seeing on the screenshot of your conversation with the support, They are offering you a refund to solve your issue which is not a total loss for you base on the available details you provided on this thread.

Are they offering you an incomplete refund and what's the real reason why your fund is stuck?

I wrote all in my previous topic: On july 7 Binance suspended all EU Sepa deposit due EU regulation and promides that all deposit made was refunded within 7 days. In early morning of 7 july i deposited 2.000 eur by sepa, so involved in suspension. I waited 7 days, but refund didn't arrived. I contacted support,  and they said me to wait 7-14 days. I recontacted them again adn they said 7-21 day, and cocatced again said no have idea when refund will be processed: each time support gave me a different reply!

Now are 36 day that i'm waiting for my refund. And the attached screnshot was Binance last reply.

They wouldnt find a solution: i proposed to give me the same amoun deposited in crypto (just becaus my accoun is full working on crypto side!!!!) , but they reply me NO!

You better to edit your main post and add this one. This will make your issue easy to understand. Expect a different from support since different handle your issue base on there avaliability by the time you message them. As I understand, You are asking them refund you in crypto which valued by the time you made your deposit right? The price of market is currently grows a lot since you already wait for 3 weeks. I believe your best thing to do is to accept the refund they are offering first so that you can secure your initial money then just made a complain about them later. As far as I observed on this case especially when big exchange involved, You don't have any chance to win and imply your point with them because they will just gonna ignore you, Worst case block your account.

Wait for your refund first dude so that you can still have your funds back although you missed some possible profit.
3008  Economy / Scam Accusations / Re: [WARNING]: Binance Admitted that EU / SEPA / FIAT situation is out of control! on: August 12, 2021, 07:42:15 AM
Can you elaborate further your case. I understand that they are holding you funds but as what I'm seeing on the screenshot of your conversation with the support, They are offering you a refund to solve your issue which is not a total loss for you base on the available details you provided on this thread.

Are they offering you an incomplete refund and what's the real reason why your fund is stuck?
3009  Alternate cryptocurrencies / Altcoin Discussion / Re: Which NFTs are worth the investment? on: August 12, 2021, 05:52:32 AM
All of Big Time and Polymon NFT's is worth an investment because they have high price inflation and use case in the future. I'm really doubtful about random artwork on Binance NFT that receiving a tremendous amount of Bid offer. I think someone trying to sefl bid and encourage everyone to buy his artwork for high price.

The NFT marketplace has a lot of shady transactions so make sure you buy the NFT will real use and demand rather than a garbage NFT that's just for fun.
3010  Bitcoin / Bitcoin Discussion / Re: Can BTC exist without Fiat? on: August 12, 2021, 03:39:40 AM
Bitcoin without fiat might've turned to be same as some tokens generated out of air without any real-time usage.

At the beginning days of bitcoin into the market, it hasn't got any usage. The concept and the development were into discussion within specific people. Later some believed and kept holding through the mining process. By the time it was given as free giveaway.

Think of the incident in which a person gave 10000BTC for a pizza. By the time itself it is valued against fiat. If not the vendor or the delivery person might've not accepted it. Slowly the organic growth has taken place. So, the chance of bitcoin into existence seems to be low if there is no fiat.

Perfect explanation mate. Besides that, Normal people will not gonna have Bitcoin since not everyone can mine this coin and no one will ever have an interest to have Bitcoin if its doesn't have an equivalent value in fiat. Although fiat has no real value backing on it, especially on USD which only trust is backed by it and not by a gold reserve anymore. How ironic is that.  Cheesy
3011  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Poly Network hack: one of the biggest crypto heists! on: August 11, 2021, 04:32:35 PM
So basically $600m were stolen from Poly Network platform and it was described as one of the biggest crypto heists in history.
The hackers exploited a vulnerability in the platform which affected BinanceChain, ethereum and 0xPolygon.
It was reported also that the hacker(s) started to return a part of the stolen funds (+$4.8m)!
Source: https://www.cnbc.com/2021/08/11/cryptocurrency-theft-hackers-steal-600-million-in-poly-network-hack.html

Edit: luckily there is no bitcoin direct or indirect (price) damage and exchanges hacks is really annoying and shouldn't happen that frequently!

It was controlled and handle properly so the hack funds didn't manage to sell-off. This is the biggest hack but not the biggest loss since funds is already returned by the hacker. I saw many exchange last night that cooperating to track and detect the user. Luckily the scammer got doxxed and fear on going to jail so Poly Network still got a lucky ass by acting quickly to solve this mess.
3012  Economy / Scam Accusations / Re: Largest DeFi Hack: $611 Million Stolen from Poly Network on: August 11, 2021, 02:58:44 PM
there's an update about the hack. according to the article below the hackers have decided to return the money. looks like the hackers had no choice but to return the funds since they have been Identified. I guess they think that cooperating and returning the funds would reduce whatever sentence they would get.

https://finance.yahoo.com/news/cryptocurrency-poly-network-hackers-return-funds-defi-ethereum-110935552.html
I don't know why but the return of the stolen funds makes me laugh, right now I am losing my breath laughing out loud in the middle of the night because this story is hilarious, never seen hackers turn tail and heed the demands of the victims to return the stolen funds, I guess they don't want to risk going to jail for a long time.

Because there's no way he cash out that money since most of the exchange listed the token that he hack was already notified and already Mark or blacklisted his address. Returning the fund while having an extra payment for returning it as reward is the most efficient way for him to get money and at the same time to avoid jail time. Its not laughable because he will still gonna be rich after this since he find a major flaw on poly network code.
3013  Economy / Trading Discussion / Re: Bots on: August 11, 2021, 01:14:15 PM
To be honest, I enjoy working on my own more than working with bots. This option seems to me many times more reliable.

The didn't mention the specific he is pertaining so it's hard to give opinion about this but there are some bits that really helps user to have a good position without giving too much time on looking at the price chart. There is a DCA and Leverage Bot that can give good profit if you just set up the right price and timing but I agree with you that there's a lot of trading bot especially from unknown source offering this service that gives a bad result if you fully rely on it.
3014  Alternate cryptocurrencies / Altcoin Discussion / Re: Why be allowed to create tokens with the same names? on: August 11, 2021, 11:51:34 AM
We can't do anything about it. I've seen some scams already you will just be surprise that you have some coins on your wallet with the same name as the legit cryptocurrency and sometimes there are some projects that copies the name of the existing project which if you failed to distinguished you might lose your money.

Yeah. This is the current problem of smart contract since anyone can mint new token without approval of the blockchain owner, Scammer can easily copy the name of a trending coin to mislead newbie investor. IDO and AMM dex is very dangerous for beginner because they can easily purchase a fake token by using a fake contract address. I wonder if blockchain devs will address properly. I'm aware that they have a token verification for established coin but this feature is not available for startup that's why it's the common target of scammer.
3015  Alternate cryptocurrencies / Altcoin Discussion / Re: Are meme/NFT investment really worth the hype they're getting?. on: August 11, 2021, 11:00:41 AM
So before you post this, NFT and meme are not an investment material in terms of profitability. NFT are meant for collection and meme coin is just shitting investor. The main purpose of this is not fit for investment so don't invest your money on it if your focus is to gain only. You will be lucky if you buy an NFT that will in demand in future but considering how many NFT minting everyday. Its so hard to spot a real gem. As for meme coin, don't consider touching any of it. Its a pump and dump coin.
3016  Alternate cryptocurrencies / Altcoin Discussion / Poly Network Hack Clarification on: August 11, 2021, 04:57:04 AM
WHO DID THE HACK TARGET?

This is a big question to ask. I've seen a couple of comments like "Not your keys, not your Crypto" and likening it to BitConnect or Mt. Gox. It's similar but with a big caveat, these types of attacks don't typically target users crypto in their wallet. Custodial exchange and centralized lending will often target users crypto just sitting in a spot wallet.

When you supply liquidity to a protocol on DeFi it is not your crypto. You're keys should still be able to authorize the withdrawal of that crypto or your wallet will have a receipt of supplying like cETH or LP tokens. You are still ultimately the custodian of your own crypto in DeFi

If you've been interacting with DeFi protocols, it is highly unlikely you will wake up to a drained Metamask after one of these hacks. You are too small of a fish for those types of attacks to target. You are more likely to have to fall for a phishing scam if that is the case.

Typically hacks like this target liquidity pools. Liquidity pools often have immense value in them. You may lose crypto you have deposited in a hacked pool or farm, but often times protocols come up with solutions to reimburse any lost crypto like PancakeBunny earlier this year that suffered a flash loan attack.

Poly Network holds large liquidity pools to facilitate cross chain transfers. Holding a lot of exit liquidity on each chain. The money that was hacked from this event is likely to have been stolen from those who have large amounts of liquidity staked. This is not likely to be you farming CAKE on PCS!

Cross Chain protocols are incredibly hard to code, and they should be treated with caution when supplying liquidity to them.



HOW DID THE ATTACK TAKE PLACE?

I want to keep this part simple for those not technically minded but there are currently two working theories as to how the hack took place. They both involve the private keys for the ownership of the liquidity pools.

🔑Theory 1: Leaked Key

Poly Network has a big security problem from the outset. They had a single sig key to the pools which means that only one signer would need to authorise any changes to the liquidity pool, including withdrawal of funds. This is like leaving a vault of gold with only one key. If you wanted to access this, there wouldn't be any other parties involved.

Current theories suggest that this key was leaked or hacked via another method off-chain. This is the story from early official post mortem from Poly Network

EDIT: This theory has been disproved by Poly Network, but I wrote it so I thought I'd leave it here as an example of an early working theory

🖋 Theory 2: Hacked Contracts

There are two important contracts. A "manager" contract and a "data" contract. The data contract specifies the address which can submit transactions which can withdraw funds from the pool. If someone was to replace this address in the contract to theirs, they could withdraw as much from the pools as possible.

In solidity there is a concept called ownership. A smart contract can set certain functions to only execute if the owner executed them. Typically, when constructed the owner is the wallet who deployed the contract, which is typically the developer. However, in this case the owner of the "Data" contract was the "Manager" contract.

So now, if you were to call a function which could replace the address in the data contract with theirs from the manager, it would be allowed.

But here's another flaw in the design of Poly Network. The "manager" contract exists to run transactions on different chains. It has a function called verifyHeaderAndExecuteTx which verifies that a transaction exists on one chain, and if it does, runs it on another. This is needed for cross chain interoperability.

But wait... we've now got a way to run arbitrary functions from the "manager". If the attacker devises a specific input they can now freely set the most important address, the one which says who can withdraw from the pools, to theirs.



NOTE: I don't own the content, I just want to share the beautiful explanation and analysis of Crypto Vigilante

Content Source: https://t.me/CryptoVigilanteANN/530
3017  Alternate cryptocurrencies / Altcoin Discussion / Re: Biggest hack on Defi/Crypto space worth of $600 Million plus from PolyNetwork on: August 11, 2021, 02:09:10 AM

Updates


Hacker recently did a transection to share a message: https://etherscan.io/tx/0x552bc0322d78c5648c5efa21d2daa2d0f14901ad4b15531f1ab5bbe5674de34f
Code:
IT WOULD HAVE BEEN A BILLION HACK IF I HAD MOVED REMAINING SHITCOINS! DID I JUST SAVE THE PROJECT?
NOT SO INTERESTED IN MONEY, NOW CONSIDERING RETURNING SOME TOKENS OR JUST LEAVING THEM HERE

Btw, it looks like the end of this heist as SlowMist already found out the the identity of that hacker according to the news of TheBlockCrypto.

Not only this, one user already found out another wallet address (most probably hackers main wallet) which is tied to binance, ftx, okex.

PloyNetwork tweeted a message for hacker: https://twitter.com/PolyNetwork2/status/1425123153009803267

Another transection: https://etherscan.io/tx/0x4c102e972301b999318df70e3d3a067994dcc83951f07f7f37c45ff7e922beec
Code:
WHAT IF I MAKE A NEW TOKEN AND LET THE DAO DECIDE WHERE THE TOKENS GO

Most the hacking event are those from the bridge project for different blockchain, I think this is still on gray area yet many people are risking money on investing and using this kind of staff. The interoperability on different blockchain seems hard and the project that focusing on it are not that competent and cautious for running there code while there still hiccups that prone for hacking. I think the note of hacker is after he deposit some of the tokens on CEX and he knows he will fck up sooner or later.
Note: Updating thses stuffs as this is the biggest hack in defi/crypto space.
3018  Other / Beginners & Help / Re: What do someone's post remain active even when he has been banned from the forum on: August 10, 2021, 09:58:56 AM
CMIIW, The content of plagiarism thread is not bad but only  the act of copying that content without credits to the owner is wrong so deleting a useful content will be waste especially if the content came from outside Bitcointalk forum and might give a source of knowledge for newbie who will search for it.
3019  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will Tether crash to $0? on: August 10, 2021, 05:34:51 AM
Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?
you dream, wake up quickly and wash your face it's impossible because it's called "stablecoins" which means the facultative price is ±$1 usd, it won't be 0.97 usd or 1.02 it will be in that rhythm.

Possible if there reserve funds on the Bank were not real but just like what they do on early days of USDT and lots of shady transaction and issue was surrounding on that shady stablecoin. But as the current condition and Audit report of USDT, The team is showing an accurate transparent report so the chance of USDT to go 0 right now is very and near to impossible.
3020  Economy / Speculation / Re: Bullish News!!! on: August 10, 2021, 01:56:12 AM
Overhyping of cryptos and FOMO are the reasons behind the recent hysteria in this market. One thing that remains clear, people are using and trading crypto as an investment. So it means they are getting trapped in this madness. Best of luck and let’s see what happens in the next few weeks.

The market was already hit the dipped, and this is the next trend after that so I don't think this is just a hype, but a pure pump I guess since coinbase is already accepting cryptocurrency and this tweet is kinda not new anymore because it's already available on many exchanges. This news can't trigger the bull trend, the price is pumping for some reason and not because of this tweet.

This news is one factor that sustain the current uptrend. Volume on coinbase was already increasing since last week. That means fresh money from US citizens is entering on crypto market. Uptrend is always being fueled by news and not by TA alone. The timing of there news is right when the BTC is on the retesting the resistance area. We can't give credits alone to coinbase news but giving some is not bad at all.
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