can confirm, i killed him
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Here is the discussion - edited for brevity but you can follow the links to see the context - that lead to me posting negative trust for the OP:
Since the OP never mentioned this being a Bitmex API key (not an API key to the OP's own service), i.e. Bitmex controls the private keys, I'd be willing to revise my feedback if the OP removes all references to the API key acting "as a private key" and makes it perfectly clear that the counterparty risk lies with Bitmex AND with the OP's service.
I'll add a new feedback if that's the case. OP is a liar. whether it be in his terminology that he has since white-washed, or the service he's offering. CryptoSparks... this guy is like a cautionary tale against wasted opportunity, I respond every now and then to his crazy threads because I believe he has great intelligence in some areas and needs to massively improve his attitude and marketing skills . You claim the bot has made 495% in about 20 months, let's say 480% returns for 2 years, that's a monthly RoE of 20%. and people will just tag you simply because your 1st offer insults their intelligence. I know it's very hard for you to accept that you are wrong, but if you really have a genuine product to offer, just forget about your lending offer, which is totally silly, and stick with the profit sharing deal with trading via API, which is much more advantageous and reasonable for the investor. If his bot has the returns he is advertising to have, he doesn't need investors at all. Compound interest will make him the richest man in the crypto industry within a few years. (AKA: this immature retard is full of shit.) We've seen these bots before, and i can tell you how the story ended: there was a slight crash and everyone who used the bot on bitmex got liquidated. The bot only worked for the time being simply due to the uptrend of bitcoin itself, not because it made "hyper intelligent trades". I'll see if i can find it. Exact copy of: https://bitcointalk.org/index.php?topic=5025195.msg45451272#msg45451272I believe he has great intelligence We will see, every day new users join our army and i dont need pigs and dogs since the spots available are limited.
Yeah. Using the word "dogs" as an insult clearly shows high levels of intelligence. His calculations also seem flawed. He claims a daily profit of 0.5%, ~97% of the time ~=100%, for 2 years? daily compounding would give a return of 3800%, (but i guess he will claim that the losses aren't accounted for?) (And no, i'm not going to go through your "trading data".) Good luck with your bot.
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i sent him money via paypal and he said we have to wait 2 hrs for the payment to complete
localbitcoins
There could be a problem with either his, or your paypal account. People who do a lot of paypal trades usually get their paypal account restricted after X transactions, and need to wait for the money/transaction to be checked by paypal manually. I remember this happening to a lot of people, but it usually took days before paypal released the funds/confirmed the transaction. Perhaps it's faster now. As long as you are the sender of the paypal funds, you shouldn't worry too much, especially if the user you're trading with has a lot of rep. Unless you sent as F&F, in the case of him not giving your funds, you'll have a strong chargeback case. (If i remember correctly; you can check your paypal transaction and it should show up: https://www.paypal.com/uk/smarthelp/article/why-is-my-paypal-payment-under-review-faq495) If that's not the case, perhaps he has some other problems. (but those problems shouldn't be your problems!)
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Here's another Legendary yelling from his cocky castle. Prove me that an api key can't act as private key and i will leave.
Meanwhile, i post the same reply:
Can you use a private key to control funds on a wallet? YES Can you use a api key to control funds on an exchange wallet? YES Can an api key act as a private key? YES Is an api key different than a private key? YES Did i say an api key is the same as a private key ? NO
A pure contradictio in terminis(?). Just because something can *possibly* have some of the same functionality doesn't mean that it is equal to the instrument it is compared to. No. an API key cannot act as a private key. No. an API key cannot in it's abstract form be used to control funds on an exchange wallet. It can only signal certain commands for the private key to perform. It doesn't replace the private key at all. Not to mention that an api key doesn't hold any funds, and can have it's access blocked, whereas a private key obviously can't. But i feel like i'm just stating the obvious here, so it's time to stop. Please go back to the kiddo forum you came from, and promote your ponzi/hyip trash there. You won't be missed here.
My existence doesn't rely on forums like yours. Btw shouldn't you be spamming your signature on the forum instead of fighting on definitions with who codes from 14 yo Furthermore the whole definition was and is not relevant to the subject. just a dumb excuse. Also look what ponzi are. Except that your entire existence does rely on forums like these. It's funny to see how you project your problems onto me as if they were somehow mine. Something tells me you yourself don't believe what you're saying either. Btw shouldn't you be spamming your signature on the forum instead of fighting on definitions with who codes from 14 yo You're 15 now?
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Are you living in a fantasy world where if you don't do anything wrong you won't get in any trouble? If you have time check the links i posted and see for yourself.Since they can't attack my business directly anymore, since i have 2years of stats,trade history and direct access to demo account with 100% win rate this month, they play these silly games Seems like you're living in a fantasy world: namely that of the land of the blind, where you're the one eyed man. Or so you think at least. This guy instead just can't accept that an API KEY can act as a private key. You're on a *cryptographic forum*, did you really think you could get away with spewing such obvious bullshit, and not get called out on it? We're not all 12 anymore. I run a fully documented and legit trading service and both those feedback are from today by spineless people. 1. Running a ponzi. 5% interest per month. This is the funniest. Here the link. How dumb a person can be to understand from a "lending-partnership request" with 5% interest rate that WE PAY that i'm running a ponzi with 5% interest? Either he didn't even read the starting post and rushed to leave negative feedback or, most likely, one of his roasted friend made him do that. Take a minute to reflect on your words, and then ask yourself if you yourself really believe what you just jot down. Please go back to the kiddo forum you came from, and promote your ponzi/hyip trash there. You won't be missed here. Cya.
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There should be an option to get bech32 privatekeys from chipmixer for privacy and lower fees (some 50%+ fewer satoshi paid when bitcoin network gets congested). This should not be difficult, just need a bit of update with sufficient regression testing on the back office of chipmixing.
I don't think it's much of a problem on Chipmixer's end, but more so a problem when it comes to the adoption of bech32 that needs to be more widely deployed. Bitcoin's lowering fees made people pretty comfortable with how the situation is, hence the majority of the clients don't see much need to add it, though I would have preferred them to be more active and give people that option anyway. The trend within crypto seems to be to only act when its needed, and not make sure you're ready to onboard more use beforehand. I personally don't have much of a problem with Chipmixer not offering bech32 support yet. Even the legacy fees aren't usually topping $1 per transaction. an upgrade to nested adresses would suffice too. I don't see why not. They're widely, if not everywhere, accepted.
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I would be very, very skeptical of any ICO/IEO coinbase may conduct, as i am of other exchanges who do so, yes. (All of yobit's IEO's are scams for example.) An IEO should only be conducted for companies that already have P/E ratios (but aren't publicly traded yet) really, and not as a hype mechanism for shit new projects who overpromise but don't deliver, but that's not the point here. Coinbase has nothing to do with this company, nor has this company anything to do with coinbase...? Many have trusted this company with their information when applying for an account requiring kyc and aml compliance so to use their site in the first place.
I do not use them because of the entire surrendering of the same customer information to the federal revenue agency of those who are in the states.
Okay, who cares? This is not related to the company in the OP in the slightest. The company in the OP is YET ANOTHER ICO for a goddamn unoriginal and shitty idea, namely that of YET ANOTHER exchange. I myself wouldn't invest a penny, nor put a penny of my funds with them. (I wouldn't store any of my funds on any exchange nowadays, as i've learned my lesson.)
Why do i have the feeling that you made this thread solely to promote <site in question>?
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LOL valued by more certain members??? thanks for that excuse chipmixer promoter.
....So yes, if the Chipmixer ANN is valued more by certain members of the community....
strawman #11134234
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Could be useful, but at the same time could become authoritarian real soon, especially in political boards i could see this being misused fairly quickly. eg To silence people which are unliked. Which in turn will make people think twice about saying "controversial" things, and before you know it you essentially removed free speech and promote serious group/hive mind thinking. I don't know. People who are getting brain fatigues from the likes of CH can always block them.
Not to mention that coordinated group efforts to flag someone could theoretically get someone tempbanned? Meh.
With the exception of a few special ones, the forum seems relatively free from trollers. and really, i'm not sure if i could live without cryptohunter's daily gibberish at this point.
And really, letting the majority of people decide whether or not someone is a troll, and thus censor them out of existence (or not even the majority), doesn't sit right with me. Not to mention it will probably only fuel their self-proclaimed righteousness. (Which isn't really that relevant anyhow, but hey.)
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Dear touchnowmyanus
Stop derailing our post fool. Theymos is not scared of the central points here. He will soon be here to debunk all of those concerns in the OP.
Learn to read the local rules ass licker.
I fear that whomever tries to refute your points (theymos) simply ends up with you in your endless circular reasoning fallacy, thus making your points "irrefutable". Not to mention that your way of providing arguments usually ends in 10000 words+ of mostly complete gibberish which instantly induces a terrible headache the moment i look at your damn post. If you really want to start a discussion about the "centralization" of the forum, this is, again, not the way to do it.
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Everyone is free to spend their merits however they want. So yes, if the Chipmixer ANN is valued more by certain members of the community than BISQ, of course Chipmixer will receive more merits. It's impossible to measure content quality the way you want to. And frankly, i don't understand the problem either. It's not like BISQ is in any way comparable to chipmixer. (And even if it was: your point is: ? )
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That's what I have in my config file: rpcuser:[the name of my node] rpcpassword:[a new password I specifically set up for this]
How can be incorrect when there's nothing else to compare it to?
You need to pass those arguments in the command line to authorize
Edit Or does it automatically authenticate like mocca suggested? SE might be outdated. In that case, disregard my posts and see moccas suggestions. Read a bit more online and i don’t think calling -rpcuser & pass (rpcauth) is depreciated? Might be bad practice though, (&nd useless, i’m not awake yet.)
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Yes I agree with you there but when the other exchanges came out like cryptopia, cryptsy and the like they were not trusted either. So every site has to start from somewhere. It is just being lucky with which trading platform you go with so not to be holding the bag literally once these exchanges sudden close along with their customers funds. This is the very reason I started asking about fellow crypto users what their thoughts were about this asset management platform and if they would use them or not. Just some feedback from the wiser crypto traders around the forums is all I wanted to know. I wouldn't trust any ICO nowadays with any of my coins. I'm not sure what coins you're looking to store on this ICO Binfinity, but can't you simply download the altcoin wallet for said coin that is currently listed, and keep your coins in there? You'd control the keys yourself, & no one else will have any control. If you want to sell said coin, you could do a P2P trade or use something like flypme?
You could also always get someone you trust and who's (virtually) NOT in the states, but Europe etc, to hold the coins in their Binance wallet. if you get what i mean.
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So basically this will mean that the Chipmixer ANN is going to be pinned on the top of the board for... for ever? Or really, any ANN from a company where more senior members here have a vested interest in bumping the topic..?
Maybe an unintentional side effect, but that's really a massive advantage that they'd get over other companies/etc. Or not... I don't know.
Bitcointalk seems to become more and more of an esoteric meritocracy.. Where people with higher ranks, or those who spent more time here, now also have a more powerful voice? Hmm. (Or am i understanding this wrong?)
As much as i disliked these threads with account farmers talking to each other, i don't know if such drastic measures are warranted, or if this is the right direction for Bitcointalk to move towards to. (Although i must admit: i haven't visited the altcoin boards in a long time, if ever.)
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2. DDOS can be mitigated by: - moving it to proper hosting provider with DDOS protection - move entire web traffic behind cloud firewall (this would cause privacy issues, so rather not).
Both of them would cause severe privacy issues. Unless you can 110% trust the cloud hoster (which really is impossible unless you run the entire hosting service as well), they shouldn't be used as they would be able to log virtually everything. Eg. OVH deals very well with DDOS attempts and you do not pay anything and preserves privacy of customers.
OVH doesn't even allow tor software to be ran on it's hardware, and you're claiming they don't log anything, or won't do so if they're asked by a LE?........ Are you sure you know what you're talking about at all?
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and this excellent comment has not yet had adequate answer: The answer I try to find is what do they do with the stable coins after you deposit it on their platform to gain interest? It seems to me they have to do something with it. How else can they offer you 6.5% interest on it if they didn’t? Bitgo insurance is only valid when the crypto is stored in their cold storage solution. So how can it be in their cold storage solution and do nothing and still produce 6.5% interest? And if they do lend out the stable coins or do something else with it how can it still be insured?
I asked this at the customer support but they can’t seem to answer this question when I asked them directly. In their white paper, it seems as they use the deposits for interest gains to lend out to the borrowers again but customer service wasn’t able to confirm that either so I’m hoping to find an answer to this. I think the question could've been worded a bit better, as it's quite obvious that your capital is probably used to collateralize/give out these loans. In what way however your coins are insured, are indeed really interesting, and very unclear. Bitgo insurance is only valid when the crypto is stored in their cold storage solution. So how can it be in their cold storage solution and do nothing and still produce 6.5% interest? This question is indeed a bit more interesting, although i think the whole Bitgo is mostly a marketing ploy. Or they must have some connection to a bank which allows them to lend capital to THEM over your collateral that is stored in Bitgo's cold storage. Which i doubt with Bitcoin (very unstable), usage of a stablecoin could make things a bit more likely, but still a pretty slim chance of this actually being the case. (And really, should not be assumed!) The weird wording of all these companies using Bitgo to "insure customer funds" instantly makes them sketchy to me. It'd tread really careful with any of these loaning sites that offer a fixed interest rate.
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What is the incentive to reduce interest for amounts >20btc? Do more, smaller deposits distribute risk, or give blockFI an additional advantage somehow?
No, it’s more likely simply due to the fact that they don’t have enough loans to cover the interests on if let’s say someone deposits 500 BTC. They keep the interest high on smaller amounts probably to increase the awareness, and because they can actually generate the amount of interest on these smaller amounts with their outstanding loans. But it’s just stupid because i’d simply let a relative/lawyer open another account if i want to go over the 20 BTC mark, right? These lending services are just weird to me.
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Celsius network gives a better deal IMO. Moreover, the founder has a great history of disrupting various industries and now he is behind lending markets. Interest rates are low but the benefit is you can withdraw your money anytime you want, which blockfi doesn't provides...
The blockchain industry is in growth mode. Businesses are building and investors are looking for ways to accumulate more capital. BlockFi Interest Account clients can deposit their Bitcoin, Ether, or Gemini Dollar (GUSD) and earn up to 6% interest annually. Paid out on at the beginning of every month, the interest earned by account holders compounds, increasing the annual yield for our clients up to 6.2%. This is an easy way for crypto investors to earn bitcoin while they HODL. You can withdraw every month with interest. Their rates for 20+ BTC are immediately slashed to 2.2%. https://blockfi.com/rates/Celsius doesn't have compounding interest. Looking at their explanation of their interest rates, it seems extremely sketchy. https://support.celsius.network/hc/en-us/articles/360001978877-Does-interest-compound-When you withdraw, you are withdrawing from your principal first. If you have 1 BTC deposited, 0.1 BTC earned as interest, and you withdraw 0.1 BTC, your earning balance will be 0.9 even though your balance is still 1 BTC. If you withdraw the full 1.1 BTC, your earning balance will be -0.1 so you would have to deposit more than 0.1 BTC to start earning interest again.
This is just stupid. No investor should use them. I can't find any info about what happens if you deposit 20+ BTC with them. I assume they slash rates as well but there's no info anywhere.
I have yet to use any of them as i'm not particularly keen on their business models. Probably won't.
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I have been doing trades on LBC,so I need to figure out I am in trouble if I accept 3rd party bank transfers.
As far as I know people can use you for drug purchases when it is illegal in your country and like other crimes but we are in trouble if people doing this?
I don't think you're liable for what other people do with the bitcoin they bought from you. That would be weird. Localbitcoins already asks people to verify their ID before they can trade, so you're already doing/participating/complying in AML- Anti-Money-laundering laws. So, in the case of someone trying to launder money through you, or use hacked bank accounts, you'll be able to report them using their KYC submitted to LBC, (or not be liable for their actions at the very least, since you can point towards the KYC they submitted). But I can see that people without verified name also available and requesting on LBC,they might have very less annual volume but if their intention is to launder the money they can open hundred of account and convert their money right. And also how to report if I found anything suspicious about the trader,need to create the support ticket and what to mention on it? Hmm. I thought everyone who wanted to trade on LBC needed to verify himself. - Looks like it's not for under 1000$. https://btcxlab.com/starting-september-1-localbitcoins-introduces-mandatory-verification-for-platform-users/But I can see that people without verified name also available and requesting on LBC,they might have very less annual volume but if their intention is to launder the money they can open hundred of account and convert their money right.
If you're that worried about it, you can simply deny people who haven't verified their ID on LBC, or ask them to do so...? And also how to report if I found anything suspicious about the trader,need to create the support ticket and what to mention on it?
I'm not sure. If you're only "suspicious" about it, i wouldn't bother too much. There are a lot of things that can be seen as suspicious, while they're usually better explained by, or can be attributed to hanlon's razor. Not to mention that Localbitcoins probably won't really care about it without obvious proof of wrongdoing. I would suggest that you don’t do this. If the service you are using is specifically intended (based on their TOS) for transfers between your own accounts, it will appear that any fraud involved in the transaction was something you were a part of.
There are enough databases of usernames/passwords freely floating around (even if not banking related), that I would assume there to be a high risk of any one person sending fiat to me to have their bank account hacked.
If you accept these transactions from many people, I would expect at best for you to be questioned by your bank and or the police about at least one transaction, which will be a big hassle. Realistically, you will have your bank accounts closed and you will have difficulty opening new bank accounts.
I would not trade coin for anything except for cash to someone who I don’t know well on any ongoing basis.
That's... Really pessimistic. There are tons of traders making a living off of legit P2P trades on localbitcoins/Paxful using paypal (to a lesser extent), skrill, webmoney/bank transfers/credit card payments
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