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3901  Other / Beginners & Help / Re: Which bitcoin wallet would you advice me to have ? on: July 13, 2019, 06:56:18 PM
Maybe I'm missing something but why would anyone recommend a desktop wallet of any sort? It's not something I've ever considered for a second. Your online computer is a gaping hole waiting to be plundered. A Bitcoin wallet is just another program sitting on there ready to be ravaged.

They make sense if you're using a fully offline machine which most newcomers would never consider. And if you actually figured out how to do Bitcoin transactions fully offline you may have to buy a junk laptop which'll cost the same or more than a proper hardware wallet.

3902  Bitcoin / Bitcoin Discussion / Re: List Of People For The Bitcoin Community Never To Trust on: July 13, 2019, 06:36:08 PM
You shouldn't be trusting anyone who is not yourself. That's kind of the point of the whole thing is it not?

I know it's a lot less convenient than letting someone else do it for you but perhaps everyone should pause briefly and ponder who they are trusting at present in their Bitcoininess. You might be balls deep in exchanges, SPV wallets, hardware wallets pushing updates you don't bother to check and more.

I like the idea of the proof of keys day or whatever it was. Perhaps there should be a trust audit day as well.
3903  Economy / Economics / Re: Bill Holter and Jim Sinclair: Gold $87000 per Ounce at Least on: July 13, 2019, 06:25:43 PM
I find metal shills as uninteresting as they must find cryto shills. People like this have been rolling out prediction like this for as long as I've been conscious. Can't see much sign of it myself.

I definitely appreciate the ability gold has to buy a house a few thousand years apart for a similar weight of gold. That's a neat trick. All the same I'll be dead soon so it's no use to me.
3904  Bitcoin / Legal / Re: trading and selling crypto is illegal. bank wants to know source of income on: July 13, 2019, 06:05:41 PM
anyhow
never ever tell them that your source is related to crypto
they are going apeshit then
invent any understandable source of income and show it to them


In this day and age any large amount of money is regarded as suspect. They will want some sort of paper trail no matter where it's from. If you invent a flat out lie with nothing to back it up that's not going to end well.
3905  Bitcoin / Legal / Re: trading and selling crypto is illegal. bank wants to know source of income on: July 13, 2019, 04:45:48 PM
For instance, I have some income from a signature campaign. Try explaining to a bank clerk what a sig campaign is and proving that the funds come from there.

At some point I may have to do this. I can point to registration threads and standalone pages for most of it and the relevant address and the movements through it.

People make money from some very, very weird sources all the time so it's not insurmountable.
3906  Economy / Exchanges / Re: How is your Cryptopia's low-cap coin dealing with the Cryptopia's liquidators? on: July 13, 2019, 04:20:58 PM
In the Telegram and Discord channels of these alts, I don't see any plans of returning the coins to those who had any balance at Cryptopia. The victims are being ignored completely by the low-cap projects that I'm following (includes XBY/HUSH/PIRL/LUX), and the strange part is, I don't see many people screaming about their Cryptopia losses either.  Roll Eyes

Considering the only reason people have shitcoins like this is to make more dollars it stands to reason that the majority will be in exchanges like Cryptopia. Only developers and weirdos will have them in real wallets.

If that's how it works then the developers have just fucked them and they're expecting people to buy their coins from them again? They've just amputated and discarded pretty much their entire user base. Weird.
3907  Bitcoin / Press / Re: [2019-07-12] Japanese Exchange Hacked for $32 Million in Cryptocurrency on: July 13, 2019, 01:41:45 PM
I don't think we should blame the people that are working in these exchanges. Cryptocurrency is relatively new  and exchanges are a big target because they are not as secure as banks it's very hard to maintain security in this environment.

Yes we should.

Look at the Coincheck hack. They lost hundreds of millions of dollars' worth of XEM because ALL of it was in a hot wallet. This is a coin that actually has multi sig built into it yet they couldn't be bothered to use it.

Even if they'd spent $90 on a Trezor it would've been prevented but it was clearly preferable to lose $500 million instead.
3908  Bitcoin / Press / Re: [2019-07-12] Japanese Exchange Hacked for $32 Million in Cryptocurrency on: July 13, 2019, 11:53:16 AM
When I was a little girl I was told repeatedly that Asians were all competent and efficient and stuff yet Japan and Korea have become the world capital of hacks. I thought the extremely expensive and comprehensive Japanese licencing was partly about satisfying the people who issue them that this wouldn't happen?

I'd be very curious to know what places like Coinbase and Gemini are doing that these places are not.
3909  Economy / Exchanges / Re: Wirex account/app problems on: July 13, 2019, 11:43:08 AM
It says to me "we are conducting this maintenance in coordination with a number of third parties that support our infrastructure' which sounds like a recipe for max pain.

Everything looks stable in my phone.
3910  Economy / Exchanges / Re: How is your Cryptopia's low-cap coin dealing with the Cryptopia's liquidators? on: July 13, 2019, 11:30:27 AM
This is quite an interesting scenario.

It is indeed and one I hadn't really considered before. There are plenty of projects that effectively don't exist outside a tiny number of exchanges. That's the only reason they were created in the first place anyway.

Actually cutting those coins out of existence sums up the entire ethos of most alts - fully centralised dollar grabs.

How do they return coins to those who had Cryptopia balances? That's going to be the vast majority of users in most cases.
3911  Economy / Exchanges / Re: Wirex account/app problems on: July 13, 2019, 11:23:39 AM
Still I'm facing problems with exchange, can't exchange Bitcoin to Euro and transfer it to card.
Anyone else maybe having the same problems?

This happens all the time and is usually restored within a day or so. Normally it's mentioned on their twitter feed but that doesn't seem to be the case recently. It's happened to my GBP account several times but seems to be more prevalent with Euros for some reason.

Stay put and see what occurs.
3912  Bitcoin / Wallet software / Re: Concerned About Human Error and Liability with Wallet on: July 13, 2019, 12:16:26 AM
Hard wallet sounds nice in theory but at least liability in a hack is on the company and not you personally from a legal perspective.

Both leave responsibility entirely in your hands.

The odds of Coinbase itself being hacked are very low when you read up about their security practices. They can't really get much better.

The odds of your Coinbase account being hacked are high. You may be sim swapped, your email might be accessed, your 2FA key might be accessed somehow. The only thing separating your money and it going bye bye are a handful of things that most people don't take seriously enough.

When you yourself are hacked Coinbase won't help you. That 1% of hotness is meaningless. If you're emptied it all goes.

Blindly trusting Binance to make good no matter what happens is utterly ludicrous and Binance themselves warn against it. The alternative is complete control on your part and all the information is out there to make good on it. It's available to all. Why would anyone turn that down?



3913  Bitcoin / Bitcoin Discussion / Re: Why are big leaders now opposing cryptocurrencies suddenly? on: July 13, 2019, 12:03:24 AM
Because of Libra.

Libra landed in their lap and squirted diarrhoea all over them. It's one thing for an organic rise to hit you slowly, quite another for a bunch of corporations with more money than God to roll something out with a supposed launch date.

Real crypto will sneak up on them no matter what.
3914  Other / Serious discussion / Re: Halved Bitcoin block reward - Danger to bitcoin? on: July 12, 2019, 04:16:03 PM
Very, very similar threads popped up around the last halving. If you showed the posters back then the current hash rate their knickers would fly off in pure flabbergastment.

Mining will ALWAYS be profitable for someone. That's how it was designed from minute one and that's how it's stayed and will stay. The arbiter of that will be the market and nothing but as it always has been.
3915  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 12, 2019, 04:10:23 PM
Gentlemand has something swollen now.

Sadly not. I only pursue matching pairs.
3916  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 12, 2019, 04:08:29 PM
Not that swollen.

Quel dommage.
3917  Bitcoin / Press / Re: [2019-07-11] Trump apparently knows what Bitcoin is, and he doesn’t like it on: July 12, 2019, 04:05:25 PM
It doesn't really read like him somehow though I'm sure the sentiment was his.

Pretty damn funny overall. Just think how inconceivable this would've been just a few years back. We're definitely well on our way to... somewhere.
3918  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 12, 2019, 04:02:34 PM
That fucking arthritis is still bothering me, so I've been to the doctors today.
Thought I'd do a Mic and share the experience.

That's a pretty sexy leg. Do you have another one?
3919  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 12, 2019, 12:50:24 AM
Let us pause for a moment and reflect - the president of the USA just dissed bitcoin and that president is Donald trump.

Imagine saying either would happen on here in 2010/11/12. You would've had a new one ripped for you.
3920  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 12, 2019, 12:28:31 AM
Holy shit, Trump just tweeted a bunch of hater shit about Bitcoin and Crypto in general.

Another slug who got liquidated on Bitmex no doubt.

Pretty far out all the same.
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