I think everyone needs to make the better distinction that your funds are safe with you (mostly bitcoin) anytbing else you store isn't "safer" because it's in binance or coinbase because they can still lose it or take loans against it.

CZ doesn't have to tell the truth either. If they took loans, you wouldn't know anyway. No one they're still paying a loan of too is going to come out and crash the exchange on purpose.


He seems to be meaning "don't run a crypto exchange like a bank".

If you're running an exchange in crypto you're better off having 100% of your users funds segregated and covered (especially larger dormant accounts that might come back). Whether this is what he actually does and isn't something just put on a tweet remains something we'll probably find out one day.

Most large companies have between 60-100% debt to assets and get considered more efficient because of it (somehow - probably because the biggest people buying them are the people lending to them) this is likely an unsustainable model for a crypto exchange though in comparison. Don't know what binance is going to hold their profits in now though.

I'm wondering how futures and margin started without taking on debt though as the interest paying sections came years after them.


Other exchanges that have collapsed in the past didn't take on debt or lose assets, they just "got hacked" .

I think there'll always be a collectors marker for paper money and it might be one of the reasons currency isn't replaced everywhere.

There aren't many currency printers around the world though either which might mean that countries turning to CBDCs would make them more secure.

A fully digital society is only good if you can hide some transactions and get privacy. Government officials care a lot about their privacy (they apparently have a lot to hide) and if other people can't accept their currency they'll end up legislating against themselves.

A lot of the UK's forecasts have been very pessimistic anyway and the bank of England just seems pessimistic on the UK's economy as a whole anyway.

Different regions have different strengths and yet forecasts seem to be given overall, why? A drop in London's economy likely means less than places like the North of England or Scotland (more focussed on manufacturing and generally average lower wages).

A lot of our forecasts don't take into account that companies are generally more mobile than their workers (and now there's many jobs in the UK hiring remote that have a requirement of being."up to a 3 hour commute of London for twice MONTHLY meetings" - to put that into perspective, half the UK is within a 3 hour commute of London (and that's just by land).

I think these forecasts are also released with catchy headlines. There's lots of simulations done where you get a better example of what's likely to happen but "hey look at my cool new matrix my analysts have just made" is never a headline I've seen.

The BoE said brexit was going to cause the biggest recession since the 20s, then it was covid, now it's probably going to be itself if anything.

One day in the red
Bitcoin is dead

Erm...

It's made a nice pattern on the daily for people trading it, sadly it has a bearish bias (though we can go up from here and can't go much further below the wick we just made - without breaking out over the next few days). It also looks like something that could break upwards given time.

We've had 2 or 3 days of turmoil and no big  flash crashes for major coins (from what I've seen) so I don't think we're doing too badly. If we were at a time when lots of dumb money was here, we'd have crashed hard a few days ago.

Next stop looks like it's either 16k or 20k, if we hit below 16k, the big money has won, we'll crash further and the exchanges/whales will be able to onload lots of crypto and sell their cash reserves - so it could go either way from here realistically.

Basic technical analysis says we could also hit 10k if we break out of here (I'd expect $14 to be the point people think we need a bounce though if it isn't anywhere from $14-16k).

I had an arrow that says we could go to $4k - I deleted that one though, it's unlikely but not impossible

Does that screen come with a Ray ID? If it does you might want to send that as a pm to an admin, they're normally pretty fast at isolating those and fixing them but I think it's harder if you don't have one due to the number of visitors the forum has.

It also looks like it could be due to bitcointalk's server taking too long to respond to cloudlfare.

I think most people use faster blockchains to pay for things or is there a stat on them not doing? I used to use bitcoin to pay for things £10+ but now I use chains like litecoin or usdc for the faster confirmation and lower fee if I'm not paying a lot for something. The processor has to take the burden of the security of the chain, I don't - as long as my transaction confirms on their end it doesn't matter how secure I think that chain was I just tried to use.

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A service like this (I'm assuming some sort of prepayment system) I could see being used a lot in the future, and in the past, it just might've come out at a weird time where most alts are stable enough for long enough that you can pay with them.

The main problems (especially recently - like ftt but perhaps others too) have stemmed more from fud created by centralised exchanges. It's also a lack of communication between exchanges, big centralised entities that don't talk are probably the worst at trying to innovate and keep the economy stable - but it's likely exchanges make more money off volatility than they do off stability. I'd envisage they made a lot from funding rates last night and will continue too until volatility settles again.

3. Dex P2p is a lot more secure and often means you don't have to let your funds go until the other party has started to send theirs (especially when it's escrowed). It's generally been cheaper for withdrawals most of the time too as you can set your own transaction fees.

4. They'll have to and probably keep doing but there'll always be problems when relying on a centralised authority (savings/retail banks got a bit too comfortable before they stopped being used as much).

6. Governments don't intervene because the people expected to don't: normally exchanges. Exchanges could resolve a lot of problems between themselves, they just don't communicate well. And which government would you expect to devote time to this too? There's enough that don't comply with a lot of international assemblies already, is one government going to help with the economies of others for nothing? Governments are after long term revenue over short term profits, they're probably not going to want to do much here unless it allows them to do that (it could if it means they'll have trained workers to do it though).

7. I think knowing who's releasing a token is quite important. If the token has good utility then surely putting a public identifier (even an address) behind it is going to mean you can prove you were the owner and attract others to your newer projects/tokens.

I think another lesson here is not to buy and hold tokens that are centralised by one authority too and don't have any sort of voting or governance systems attached (like ftt and bnb). This could include stablecoins too as their nature leads them to be quite centralised.

Since op didn't mention anything else as to how this happened I think it was probably that. Being taken to a website that says you have 0 funds and inputting your nmemonic would do it - a notification wouldn't.

As well as installing dodgy software, if you've enabled too many in-browser notifications this could probably happen too. But your funds can't be taken without you signing a transaction or inputting your nmemonic (for most wallets).

There are at least 2 ways I can think of for rigging a roulette wheel. If you alter how the table balances (such as putting something small and unnoticeable under two of the legs) then you'll probably find there is a greater chance the ball ends up on one side of the wheel than the other (or clusters around certain specific numbers) - there could even be a way to do this with two opposite legs out of alignment (on the diagonal) so a host or someone off camera can change the lean of the table every so few spins without being noticed.

There's also a possibility grooves could be added to parts of the wheel where the ball spins so its course changes as it roles (if you think of the bounce of a ball that hits a corner then it's a lot more predictable). There's probably a lot of people on both sides of a casino trying to look for these sorts of things though because it can hurt the house's edge if the wheel is a bit more predictable.

These both don't guarantee a specific number is hit though so it'll still make the outcome seem random (if not done in a way that's noticeable - someone stretching across the table to do more than pick up the ball would likely be perceived as weird at best).

I don't think it'd leave ftx to fail but it looks like they charge fees using that token so it might cause them problems with that (but I doubt they'd collapse just from one holder selling).

If they did collapse, they'd hurt crypto and binance. I don't know why binance would want to hurt themselves over this unless they have large cash reserves they want to invest in bitcoin or something (that's really not unlikely) or they could buy coinbase if ftx fails and dominate a lot of the market and also fast track their own regulation (who else will be wanting to own an exchange that might be crushed somehow or has very fierce competition)?


As another thought, maybe they're testing the strength of ftx and their reserves. If they publish they're going to sell the tokens publicly, does it give ftx some time to say they'll reach a settlement to buy those tokens rather than them being dumped on an exchange and driving the price down?

I see no other reason for them to announce it publicly unless a regulator they want to appease has it in their terms that acquisitions over certain amounts should be disclosed (I think US regulators normally have this set at a max of 10% of market cap of the "stock" you're disposing of for companies, it might be more depending on size and regulator). .

An electric delivery van went past me earlier today (from being parked) and I was surprised how quickly it picked up speed from not moving. I'm confused this is a new thing though, considering a lot of milk floats have always been electric, small to medium sized parcel delivery sounds like an easy thing to be able to.manage on one of those (especially in dense cities).

Hopefully they have plans to.make their own electricity or can source it fairly cheaply already as it looks like electric cars have already become more expensive than diesel ones to run in a lot of places.

Isn't that the point? What are you going to do? Prosecute them, leave them to get thrown out and stay on, or just what most would do and do nothing?

If it's a shared pool of funds he was probably right to move them onto a less risky bet though.

I think there's a certain amount of spins the ball can  do before you have to leave your chips where they are too (set specific to each table and there's probably a few that might not allow you to change at all once the ball starts rolling - that table seemed quite fast).

1. Are you working on the disk or have you made an image of the drive to search through?

2. There's a chance the file you've recovered isn't the only copy of your wallet, there's a chance it is (especially if it's the only wallet.dat file you could possibly recover) but there's a chance the file was moved after being created (by the operating system) so there might be another copy on the drive.

3. If it can't be salvaged by bitcoin core, have you tried other wallet recovery software like pywallet (available from github). There's probably a few different types of software you can run it though faster than searching for identifiers/separators.

Not sure which user it was but someone here made an Avatar hat for themselves and others wanted one so someone kept making them for people.

I've found a thread (from 2018) with a tutorial on how to make one but I'm not sure who started the whole hat wearing thing: https://bitcointalk.org/index.php?topic=5074115.0

There's still archive sites that make periodic backups of public information from the forum, there's also some forum members that scrape and store parts of the website themselves.

I don't know if decentralised forums are yet a thing. Stacker news has been mentioned here before but they're a while from being decentralised and probably won't fully be unless they enforce their login via lightning network instead of allowing users to use other credentials like an email address.

It's possible to make the forum decentralised but we're also waiting on things to be done with the new forum software which Theymos seems against doing after it's been made (I'm fairly Indifferent to its use especially if it isn't cross compatible).

Binance looks like they're accusing FTX of lobbying behind them. I think this is probably something done based off closeness to regulators, because ftx and coinbase are regulated exchanges they might be closer to regulators and therefor might find it easy to lobby against new and other firms in the same space (which is often done anyway with many different sectors in history imo).

The question here is why did binance publish this? What are they trying to do with that? A lot of the channels I've seen seem to suggest they're trying to get a response from FTX too on it or trying to cause liquidity problems with the exchange. It might also have been an attempt to cause a crash and see if one exchange was better at dealing with it than the other.

Everyone here will and likely should be wary of new wallets (if you are the developer and don't get a lot of downloads quickly then they'll probably come if you make something people want and grow in trust).

At best it sounds like it's a service offering crypto exchange services without some additions (9% interest is quite high for defi too).

I'm guessing that wallet isn't custodial either if you can pay fees in the currency you're sending (so funds are spent from a pool of everyone's funds as apposed to individual private keys assigned to each user)?

As said above, do a virus scan. If you've got something important you really need, back it up before on a brand new drive and dump the drive somewhere for if and when you need it (and try not to use it and when you do pull your hard drive out and run a live os to plug it into - the easiest way to do this is to burn a ubuntu ISO to a new DVD).

Once you've run a virus scan, backup anything you don't want to lose (after you've backed up everything you want or need to keep in the step above). You could also wait a while before accessing your files as there's a greater chance antivirus software has spotted the threat in 6 months if it's something quite new (they're more likely to be able to have heuristic detection too by then).

If you've caught a lot of viruses over the years then you'll be better off getting a separate machine for handling money and one for installing random things/visiting untrusted websites.


If you run software from publishers you don't trust, I'd recommend learning how to use virtual machines to sandbox them. It's really simple to do now (as long as your processor is compatible) and you can get free versions of most major operating systems now (including Windows).

This sounds like a problematic idea anyway. You can teach them how to invest (and learn yourself from credible sources) but I don't think you should invest for them - there's no way they can learn from that either.

Taking the security precautions of 8 people as one person also isn't something you should try to do, what if you end up losing everything because you did something wrong (especially if you're fairly new here).

Investing in coins that aren't btc is also going to be a unnecessary task as you're likely going to lose money..