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3361  Economy / Services / Re: [FULL] ChipMixer Signature Campaign | Sr Member+ on: November 28, 2022, 03:54:07 PM
I've always wondered why it's necessary to publicly list all the campaign participants' addresses--and I'm not just talking about Chipmixer; every campaign I've ever seen has had some kind of spreadsheet with that data on it.  Is there an obvious reason I'm just not thinking of?

The transparency of the entire campaign actually depends on it, because if these data were private, only the manager would be able to catch potential alt accounts - and let's remember the case when one member caught even 3 such accounts that cheated this campaign. Maybe there is another reason, but I can't think of anything else at the moment.
3362  Bitcoin / Bitcoin Discussion / Re: Bitcoin worth $1.5B withdrawn from Coinbase in 48 hours - So what? on: November 28, 2022, 03:22:11 PM
It's certain that some exchanges are lying about how much they have in reserve, but you are right - they still hold millions of bitcoin.

I'm just interested in how far these lies go, because in the case of Coinbase, I remember that we had several discussions on the forum about which CEX has the most BTC in its possession, and at the beginning of 2020 some estimates were that Coinbase had a little less than 1 million BTC. Now, a little less than 3 years later and everything that happened in the meantime, Coinbase claims to have even 2 million BTC - and all the time we read about "huge outflows from exchanges".

According to a report published by data source xxx, Coinbase’s cold wallets contained roughly 970,000 BTC, worth about $8 million, at the beginning of this year. A graph shared with xxx readers shows that the exchange’s bitcoin holdings have been growing steadily.

In a series of tweets, Coinbase CEO Brian Armstrong says the largest US-based crypto exchange platform holds about 2 million BTC, which translates to $33.12 billion at Bitcoin’s current price of $16,561.



As long as centralized exchanges exist there will be people who are dumb enough to leave their coins on them, but we should be happy to see that number reducing.

I hope that people's habits will change, especially after what happened with FTX and before that with the so-called stablecoin from Kwon, or with dozens of smaller CEXs that failed in one way or another in the last ten years.
3363  Bitcoin / Wallet software / Re: How safe are offline wallets? on: November 28, 2022, 02:35:16 PM
Such a system is not that safe.

No desktop or mobile hot wallet is safe, but I guess we can agree that it is safer to have a watch-only wallet than the standard version on the computer we use every day? If some malware has already compromised the OP seed, in most cases its wallet balance would already be zero, and surely the chances of that are less if you remove that hot wallet from your computer.

I just suggested him a completely free option so that he can sleep somewhat peacefully, but he should definitely think about a relatively cheap investment in a hardware wallet, or even better an airgapped device.
3364  Bitcoin / Bitcoin Discussion / Re: Bitcoin worth $1.5B withdrawn from Coinbase in 48 hours - So what? on: November 28, 2022, 02:19:58 PM
Spreading panic should not be something serious members of this forum deal with - and this topic is nothing but exactly that.
I don't see it that way. Rather, it is a good sign that more and more people are finally waking up to the mistake that is centralized exchanges and are pulling their money off said exchanges.

I would still agree here with the opinion expressed by @DaveF, because the transactions in question are certainly not related to with the fact that ordinary people have finally opened their eyes and realized that the exchange is not a bank, but rather the move of some extremely rich individual or company. If it encourages many others to do the same, that would be something worth discussing - but the fact is that CEX has millions of BTC in their possession according to what they are announcing these days - or maybe they are lying to us about it?
3365  Bitcoin / Wallet software / Re: How safe are offline wallets? on: November 28, 2022, 11:51:13 AM
@Ultegra134, there is an option to still have Electrum on your computer, but at the same time you don't have any risk for your BTC. All you need to do is check whether your backup is correct and in a safe place, and then start the process of creating a watch-only wallet with which you can then have complete insight into your transactions and deposit addresses, but without the risk that you can in any way be hacked.

What you should pay attention to in that case is that if you want to recover the standard wallet again, be especially careful with your seed in the sense that you don't have a keylogger or some other dangerous malware on your PC.
3366  Other / Beginners & Help / Re: What is Bitcoin Mixer used for? on: November 28, 2022, 11:27:32 AM
It is better to avoid scam and use only the reputed mixers, like the ones provided on the link that I provided above. They truly also charge fee. But if you want to use a mixer that do not charge fee, Chipmixer can be used, you may only just donate while making use if the mixer, but it is good to read about the mixer to know how it works, very important.

CM really doesn't ask for any fee, but the advice for those who do use it is to add some kind of fee because it will raise their privacy to a slightly higher level. This would mean that if your deposit is 0.005 BTC and if you immediately withdraw your chips and make a transaction with them, it is not very difficult for companies that analyze such things to understand what it is about.

But if, for example, you send 0.00505xxx BTC and spend the chips in a smart way (with a delay), this will make your transaction more difficult to analyze and track.
3367  Bitcoin / Bitcoin Discussion / Re: Bitcoin or altcoin? on: November 28, 2022, 11:02:33 AM
Is having some bitcoins (in decimals) more valuable still than having the value of one good altcoin?

I'm not a financial advisor to advise people what to do with their money, and I don't think anyone should do that unless they're in that business. People who invest their money on the recommendation of others usually blame them for possible failure, and you don't want to find yourself in that situation.

I personally know some people who preferred to have nice round numbers of something instead of 0.00xxx BTC, but that's more a kind of human perception of numbers than a meaningful investment. As far as I'm concerned, people can invest in anything, be it ordinary stones that they think is valuable, or various tokens and so-called stablecoins that have recently shown their real value.
3368  Bitcoin / Bitcoin Discussion / Re: Bitcoin worth $1.5B withdrawn from Coinbase in 48 hours - So what? on: November 28, 2022, 10:43:47 AM
Can anyone confirm that this is a transaction from Coinbase to an external wallet, or is it an internal transaction? It wouldn't be the first time that panic was created around such transactions, only to find out later that the funds still remained with the same company, just at a different coin address.

In addition, Coinbase has announced that it keeps about 2 million BTC in its possession, so if it is correct or approximately correct, I ask the question, what does 5% mean in the bigger picture? Spreading panic should not be something serious members of this forum deal with - and this topic is nothing but exactly that.
3369  Economy / Economics / Re: The Economist: 335000 people could "freeze to death" in Europe on: November 28, 2022, 10:31:29 AM
Well Russian propaganda comes out of Russian outlets or at least agencies that have ties with the Russians.
The Economist is a British weekly newspaper and the charts and statistics are from European sources: Copernicus; Eurostat; Energie-Control Austria; MEKH; VaasaETT; WHO; RIP.ie; ECDC; government statistics.
So I'm not really sure which one of these sources you think is linked to Russians since if you google any of them they are mostly European agencies or global like WHO.

It seems that you are not aware of Russia's influence on the UK, and especially on their media, but that is a completely different story. However, if you are interested :

https://ukraineworld.org/articles/russian-aggression/not-only-ukraine-how-russian-narratives-influence-british-media

The report damningly concludes: “The money was also invested in extending patronage and building influence across a wide sphere of the British establishment – PR firms, charities, political interests, academia and cultural institutions were all willing beneficiaries of Russian money, contributing to a ‘reputation laundering’ process. In brief, Russian influence in the UK is ‘the new normal’, and there are a lot of Russians with very close links to Putin who are well integrated into the UK business and social scene, and accepted because of their wealth. This level of integration – in ‘Londongrad’ in particular – means that any measures now being taken by the government are not preventive but rather constitute damage limitation.”


I think you should put on the brakes and stop working in favor of the Russian agenda, which has been spreading rumors for months that the EU will freeze without their gas or oil - and as @stompix has written to you several times, there are quite enough energy sources (oil, gas , electricity and firewood) so that we are not afraid of winter.

However, if we know how Russian barbarians are waging war destroying Ukrainian energy infrastructure in anticipation of winter, then the number of those who will die as a result of winter could be much higher than in previous years.
3370  Economy / Speculation / Re: Cold storage ALL your crypto or withdraw fiat into your bank account NOW!!! on: November 27, 2022, 11:34:51 AM
~snip~
 In fact this forum is significant and associated with the beginnings of Bitcoin probably forever, I agree most of the population might not realize that but it is the case its relevant for any discussion for crypto historically and probably going forward also.

I agree that this forum is an extremely valuable source of information and a very important part of Bitcoin history, but that the concept of a forum is not something that today's generations are happy to accept. Unfortunately, they seek information and get advice on various social networks where it is much easier to manipulate information, and therefore many have a very distorted image of Bitcoin.

What I tried to say is that it is unlikely that a post on this forum will affect anything important in the sense that it will move millions in a certain direction, as some mainstream media can do. If you look at the proof-of-reserve data published by various CEXs these days, it turns out that millions of BTC are still in their possession, which means that even after everything that happened, most of their users did not react - or they are not telling the truth.
3371  Economy / Economics / Re: The Economist: 335000 people could "freeze to death" in Europe on: November 27, 2022, 11:21:21 AM
Regardless of everything you stated in your post, I think the title is exaggerated in every sense because 335 thousand people is simply too big a number, especially if it only refers to the EU. I think that all EU countries have prepared more or less well for this winter, that there is enough gas and that many measures have been taken so that everyone can have heating this winter.

It has already been mentioned many times that the winter is quite mild in most of the EU, and I have to admit that I haven't seen real snow in years, and that I spend much less on heating than I did 5 or 10 years ago. I believe that articles like this are just part of the propaganda war being waged from Russia, because if they can't destroy us like Ukrainians, they are trying to frighten us in this way in order to turn part of the EU public to their side.

Europe has survived much worse situations, and I'm sure it will survive this one too - and when this winter is over, we can start this topic again and see if these predictions were correct or if someone is just playing with numbers.
3372  Other / Beginners & Help / Re: Misconception about cryptocurrency on: November 27, 2022, 11:06:00 AM
When people accuse cryptocurrency of being a scam in light of recent events like the luna and FXT exchange, it irritates me. Crypto is a risky investment but that's not a good reason to call it a scam during a bear market.

The freedom of speech that still exists in most of the world allows everyone to express their opinion, and if someone else disagrees with that opinion, they can try to dispute it or mind their own business and pretend it didn't happen. I will even agree with those who are of the opinion that most of what is happening in the cryptocurrency world has to a good extent some elements of scams, because most of the projects have no meaning and purpose and as such are nothing but a beautifully packaged fraud.

The bear market has always been and will be the most fruitful time for those who want to attack Bitcoin, and this should not surprise us - because many invested with the intention of profiting and were waiting for $100k, and then everything started to collapse. In the age of social networks, good news travels fast, and bad news even faster. Therefore, I advise you to be as little involved in them as possible, because that is one of the ways to get away from all that negativity that does not bring anything good.
3373  Bitcoin / Bitcoin Discussion / Re: When will Sam Bankman-Fried go to jail? on: November 26, 2022, 04:16:13 PM
My BTC savings have lost much value this month, and I know why. We all know. It's the FTX's debacle.

Don't blame only Bankman and his company, but all those who gave him money and trusted him. Such characters would never be able to do something like this if there were not millions of naive and gullible people who still believe in fairy tales, and it is not about children, but about adults to make the matter even more tragic.

The need to have a leader is much stronger than the idea represented by Bitcoin - all these people should go back to school and write the word "decentralization" a million times, and then maybe some of them would understand what it means.
3374  Other / Beginners & Help / Re: Should I invest in cryptocurrency or start my business? on: November 26, 2022, 03:52:16 PM
Investing in cryptocurrencies (including BTC) is always a risk, but no matter what someone advises you to start a business, you must know that it also comes with its own risks. Whatever you intend to invest in, you should certainly do as thorough a research as possible, which will try to reduce the risks for your investment. There are certainly businesses that could pay off in times of inflation, and there are also those that could very easily fail in just a few months.

I will ask a simple question - why not divide the money into two parts and start a business and also invest in something else? It doesn't necessarily have to be BTC, but it can also be real estate, gold or something completely different that you think could bring profit in the future.
3375  Economy / Trading Discussion / Re: 10K BTC Linked to Mt.Gox Moved! on: November 26, 2022, 03:36:41 PM
Mt.Gox case and all its consequences are in court, and therefore the sequence of the process will be slow, and we may need additional years to solve this problem.

Maybe it will take them many more years to compensate everyone who officially requested it, but the investigations and the courts ended a long time ago and now the whole thing is in its final phase. Fortunately, the whole thing happened in a country like Japan, known for its great efficiency and high level of justice - imagine if Mt.Gox had its headquarters in Russia or China Roll Eyes

Will the Mt. Gox class prove to be holders or will they sell it all as soon as they get it? That’s a question for another day, since the Mt. Gox class has until January 10th, 2023, to complete registration and select their preferred payment method.   
3376  Economy / Economics / Re: EU Moving to Ban Privacy Coins: Report on: November 26, 2022, 03:16:17 PM
This may be in some way imposing an obligation on all member states to prohibit trading with so-called privacy coins, but that does not mean that such business practices do not already exist in some states. I live in the EU and a few years ago all domestic crypto exchanges in my country removed privacy coins because the regulatory agency advised them to do so.



Recently spain and portugal have introduced visa programs for digital nomads to reside in country. Could further regulation of crypto deter digital nomads from migrating into the EU. Making other options such as puerto rico and the caribbean more attractive?

The Caribbean is always attractive compared to any country in the EU, but these digital nomads are not exclusively connected to cryptocurrencies, so I don't see them giving up on Portugal or Spain because privacy coins would be banned. In addition, the world is a global village, you can currently be anywhere and receive payments in privacy coins and sell them for fiat on any DEX.
3377  Bitcoin / Bitcoin Discussion / Re: Binance Users Can Now Verify The Bitcoin They Own Via Merkle Tree on: November 26, 2022, 02:48:44 PM
People, don't be naive and don't believe the fairy tales presented to you by various CEOs who have never done anything for Bitcoin, nor will they ever do it. In the fear that people will start massively withdrawing their funds from CEX, they invented that POR and now they are competing to show the bigger numbers as if that means that those who have the most BTC in their possession deserve people to trust them more than some others.

Well, Binance is very poor compared to what Coinbase supposedly has - and when everything is added up, let them make sure that the total amount does not exceed 19 million BTC Roll Eyes

In a series of tweets, Coinbase CEO Brian Armstrong says the largest US-based crypto exchange platform holds about 2 million BTC, which translates to $33.12 billion at Bitcoin’s current price of $16,561.
3378  Other / Beginners & Help / Re: Why getting merits seems to be difficult for beginners. on: November 26, 2022, 11:57:33 AM
...because some people in the forum are already feeling frustrated of not having much merit,while some person's posses merits,and giving it out seems hard.what can be done to get this merit.

Are you personally frustrated by the fact that you can't get the merits you think you deserve, or are you asking the question on behalf of others? Let's say that this is the first question, and I will answer you very simply - most of your posts are in a board that is very specific and which is unfortunately flooded with spam posts - you will not find many who are merit sources and are active in that board, and even fewer who will look for good posts in megathreads.

Furthermore, the number of merits you see in user profiles are not those that they can share, but what they have received - there is something called sMerits and it is not visible in user profiles, although it can be calculated from the number of received/sent merits.
3379  Other / Beginners & Help / Re: Is it possible to get bitcoins for free? on: November 26, 2022, 11:43:37 AM
It's not "free" though, isn't it? Not because something takes little effort doesn't mean it's free. You're still wasting precious time that you could be using for something else far more productive.

Many people don't consider investing their time as an investment, I think the OP is primarily thinking about how to get BTC without investing fiat. I agree that faucets and various PTCs are very slow and poorly paid ways to earn BTC, although some would be surprised if this was the case in the past when BTC was only worth a few hundred $. Faucets used to pay 1000 to 5000 satoshi per claim, currently they pay 1-15 sat per claim, but the fiat value of those coins has not changed too much.

What apparently no one takes into account is that these questions are mostly asked by very young people who cannot yet do anything "productive" nor can they legally buy BTC because they are underage. Sometimes it may be better to spend a little time on something than to invest directly, and besides, there are much worse ways to waste time, such as watching TV or playing games, which have become the daily routine of a large number of young people.
3380  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 25, 2022, 03:48:31 PM
At the moment it looks Coinbase is the largest holder at the moment.


To me, this is a bit suspicious information, because maybe some 2-3 years ago there was information that Coinbase only had a little less than 1 million BTC in its possession, and now suddenly that number becomes twice as large. This is, at first, very worrying information, considering that so much BTC is in the custodial wallet on only one CEX, and on the other hand, maybe it's just a matter of showing strength in front of the competition.

I expect other big CEX CEOs to come forward and post their numbers, just let them make sure that the total number of BTC they keep does not exceed the 19+ million that have been mined so far Grin
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