They cannot enforce it on the blockchain, however, my question is how good are the blockchain analytics companies today in producing an analysis on coins after mixing or coinjoins? Having read the court documents I linked above, there is no mention anywhere about the terrorists attempting to mix, coinjoin, or otherwise obfuscate their coins in this case. A number of addresses were identified as they were openly soliciting donations to these addresses, these addresses tended to consolidate the donations to one central address, and then that central address sent directly to exchanges and gift card sellers. I reckon not yet from those addresses. However, it would also be very naive to assume that no terrorist has mixed or coinjoined their coins before. The concern is on the innocent users who only want privacy through mixing. The blockchain analytics companies might wrongfully mark or just assume that their addresses as part of the terrorists's address.
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Some people have mentioned before, a large part of the cryptospace's future for trading and commerce will be in grey market exchanges and services. It might also be that users will prefer dirty bitcoins because they are more available, cheaper and easier to use hehehe.
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@cryptoaddictchie. Many of them are comedies. Look at the list.
Also, I am not telling everyone that the concept of Defi is comedy. I am only telling everyone that the implementations of Defi are weak, buggy and exploitable. Is this the future of finance?
In any case, everyone should also remember that Defi needs a centralized organization to act as an oracle. This is the same type of trust that you are putting on financial institutions and companies and without the government to protect you and make the people behind the Defi project accountable.
This is a very bad situation for the user.
[moderator's note: consecutive posts merged]
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So unless ISIS et all have been using Coinbase or exchanges regulated by the US, how exactly does the DOJ attempt to seize private keys from these organisations? Waterboard their Ledgers? Find it hard to believe most of the addresses were stored on exchanges. I saw the Hamas site asking for donations and they were NOT using exchange wallets. I think these Telegram channels aren't actually associated with the orgs, and just scammers. Then again, maybe people aren't as smart as they're supposed to be.
They cannot enforce it on the blockchain, however, my question is how good are the blockchain analytics companies today in producing an analysis on coins after mixing or coinjoins? I reckon that this might become disadvantageous to innocent users. The government has a history of accusing innocent people only to report a result and close the case.
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@cryptoaddictchie. I am not talking about the scams on the market and how we are manipulated to lose our investments. This thread is about hacks and exploits because of developer incompetence.
Is this really the future of finance? This is the comedy of the cryptospace.
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@Ronnie. Refreshing the page worked, thank you. There are odds there for other sports that did not show before. It might be a bug on Android phones.
In any case, no new offerings for entertainment betting hehehe?
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How good are blockchain analytics companies in analyzing coinjoins and mixing presently? Can they follow outputs after a mix or a coinjoin? This might be a concern for regular users, I reckon. I am quite certain blockchain analytics companies do not have 99% batting average hehe. There are services and institutions in this world that should not have a 1% or .01% error. Airline pilots, the police and the judicial system are examples. Image from risetopeace.orgThe U.S. Department of Justice (DOJ) announced the “largest ever seizure of terrorist organizations’ cryptocurrency accounts” on Thursday, including “millions of dollars” and 300 crypto accounts.
In a press release Thursday, the DOJ announced it had investigated and dismantled “three terrorist financing cyber-enabled campaigns” involving al-Qaeda, Hamas and the Islamic State of Iraq and the Levant (ISIS).
Legal documents filed Thursday show the DOJ is trying to seize bitcoin from 155 addresses it alleges were used by Al Qaeda to fund terrorism and arrest two individuals allegedly involved with facilitating crypto transfers for Hamas.Read in full https://www.coindesk.com/us-prosecutors-attempt-to-seize-bitcoin-allegedly-tied-to-al-qaeda
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I think many people today are a little embarrassed by the statements they have made in the past about Bitcoin and may learn something from this experience. If you don't understand something and you don't have enough knowledge about it, it's better not to even comment on it, because sooner or later that statement may seem very strange, to say the least. The specific statement even mentions the collapse of online gambling, and it seems to me that it is a very profitable industry today - especially when people cannot visit physical casinos.
Now we can only wonder who is next on the list of those who will change their minds when it comes to Bitcoin.
Also, his statement about online gambling is also wrong. It is still an industry that earns billions of dollars every year so I do not know what he was telling everyone. He might also have invested in online gambling stocks hehehehe.
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@Ronnie. Sometimes bet offerings take longer to appear on the screen. I was looking for United States election betting where it was saying that there were no competitions available, however, 30 minutes later it appeared.
Did you begin to offer it only this hour hehehe?
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I reckon that @figmentofmyass might be correct. This might be the best time to bet on Trump. I was speculating that the situation might be very similar to the election of 2016, however, the storyboard for this election is clearly beginning to be different. Also, the debates during the campaign might show Biden's failing memory hehehe. It’s Way Too Soon To Count Trump Out
Joe Biden currently has a robust lead in polls. If the election were held today, he might even win in a landslide, carrying not only traditional swing states such as Florida and Pennsylvania but potentially adding new states such as Georgia and Texas to the Democratic coalition.
But the election is not being held today. While the polls have been stable so far this year, it’s still only August. The debates and the conventions have yet to occur. Biden only named his running mate yesterday. And the campaign is being conducted amidst a pandemic the likes of which the United States has not seen in more than 100 years, which is also causing an unprecedented and volatile economy.
Nor has it been that uncommon, historically, for polls to shift fairly radically from mid-August until Election Day. Furthermore, there are some reasons to think the election will tighten, and President Trump is likely to have an advantage in a close election because of the Electoral College.Source https://fivethirtyeight.com/features/its-way-too-soon-to-count-trump-out/
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There were 2 more Defi smart contracts that had bugs that were exploited again. Where did these developers come from? I reckon some of them might be the unqualified developers who were rejected or will be rejected by legitimate tech companies. I am sorry. I do not want to call them bad, however, investors are losing money because of their incompetence. DeFi meme coin YAM has succumbed to a bug within its rebase function, meaning the coin has lost control of its on-chain governance feature.
All of the roughly $750,000 Curve tokens stored in the project's treasury are lost as well, according to a Medium blog from the team.Source https://www.coindesk.com/defi-meme-coin-yam-succumbs-to-fatal-rebase-bugThe CRV token officially, yet unexpectedly, launched at 6:25 PM EST today after an anonymous user, apparently unilaterally, deployed the open-source CRV token and CurveDAO contracts on the Ethereum mainnet earlier in the day. Source https://decrypt.co/38708/anonymous-defi-user-deploys-curve-crv-token-early
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Decrypt has found the death of bitcoin prediction tweet from Microsystem CEO Michael Saylor which might have been deleted after the release of this article. It appears that we should also be convinced that we are witnessing the beginning of another bull market hehehe. He’s not alone in the 180-degree-turn. This year, Mathew McDermott, the head of digital assets at US bank Goldman Sachs, said the bank is entertaining client requests for cryptocurrency transactions after a “resurgence of interest.” This is the same bank that flat out dismissed Bitcoin as an asset class in May 2020 during an investor call.Source https://decrypt.co/38604/microstrategy-ceo-predicted-the-death-of-bitcoin-years-ago
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@Abiky. There was another 51% attack on this on 2018 or was it 2019, where the hackers were also successful in the double spend.
I reckon that this coin should be declared dead for investors.
In any case, I should not be speaking. I am an Aeon bagholder hehehehehe.
Exactly. With two more 51% attacks taking place this year, it shows that developers have no interest in providing a solution against them. By now, Ethereum Classic should've had some sort of mechanism that would protect it from further network disruptions. Other cryptocurrencies like Komodo and Dash have taken the initiative to protect themselves from 51% attacks, so why the ETC project hasn't done so already? As long as developers don't care about the security of the underlying Blockchain network, ETC won't be going anywhere. I'd expect prices to go down the drain if this continues. In the bright side, anyone can fork the ETC project in order to make a better version from it. That's thanks to its open source and decentralized nature. The competing hard fork could topple ETC's place on the market, if it manages to tackle the issues of 51% attacks while at the same time "honoring" its "Code is Law" vision. There are so many competitors out there on the market, which are far better than ETC nowadays. With ETC "mirroring" ETH in terms of smart contract compatibility, why would anyone choose it on top of the main ETH blockchain? I think ETC will have very low prices in the long term (even with its limited supply) due to its low mainstream adoption and high security risks. Unless developers and the community make ETC great again, the cryptocurrency will remain under the radar of many investors and traders alike. Just my thoughts It is not the fault of the developers because this was not a bug or a security flaw. This is only the nature of miners on proof of work cryptocoins, their natural greed and cheating for short term profit.
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This story is LITERALLY one of the biggest nothing burgers ever.
Look up Crypto FUD in the dictionary, and you will find a link to this story.
It's a story. We are talking .1% of supply could be delayed uncle's or cousins or whatever.
Saying this cast Ethereum in ANY kind of negative light is bullshit.
This whole "ether supply can't be counted" is smoke and mirrors people.
Oldest trick in the book...blatant misleading FUD by those that want to help whatever coin is in their bag that's competing with ETH.... point blank
Agreed that some of the news articles might be critical. We know Ethereum has a supply figure that did not break consensus. However, can you verify how much it really is?
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Step 1. Someone anonymous does something outrageously egregious to cause harm to you (or someone you) know/love Step 2. Anonymous Someone asks you to give them something worth $10 million in return for undoing the bad thing
Q. Is step 3:
3a) Give them the $10 million. Why wouldn't you trust them? 3b) Give them nothing and take the hit. They've already proved they're total assholes
Step 1. Travel company should insist that payment should be in bitcoin. Step 2. Use Coinbase to send the payment for hackers. Step 3. Inform Coinbase what had occured and request for blockchain analysis. Do you really believe that those hackers would took off the bait and would follow on what you had insisted? In most cases they are the ones who would demand on what would be the payment terms on said ransom.They arent just dumb to make use of Coinbase to let themselves being traced but rather they would give out a specific own address and wouldnt mind on how they do convert it to cash. since the company is on the side which would need to follow on whats being instructed then they wont have any choice but to follow if they are really that serious on getting those keys because they do know that whats on stake if they dont agree with the terms.They wont just have a minimal financial damage if they do just skip and let it go this is why they are really willing to pay up the ransom..Just always have the doubt if those hackers will really be that honest with the deal or would simply ask out again for money even though they had already given the 4M usd. I did not say ask the hackers to use Coinbase. That would be stupid hehe. The travel company should use Coinbase and request their blockchain analytics company for an analysis of the transactions on the hacker's wallet. Are you aware that Coinbase has become similar to a government contractor but for blockchain intelligence?
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Agreed on their statement that bitcoin is a legitimate long term investment asset, however, I cannot agree on their statement that it can be better than cash. I wish everyone who came to the cryptospace recently stopped hyping it this way.
At least there was the word can. And I agree with them. Various countries are now starting to do away with cash, that is, cash referring to bank notes and coins. Cards and online payments are now taking over commerce, not only due to convenience but also due to cash being prone to be used in illegal transactions. Well, since the advent of Bitcoin and cryptocurrency, the word cash should now evolve and include in its meaning its electronic or digital versions. However, is bitcoin really as convenient similar to cash? Is bitcoin not also prone to illegal transactions? The darknet markets was possible because there was bitcoin.
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I believe the most accurate way to check the current supply of the coin is by using desktop wallet directly. Open the console and write a command there, in Bitcoin the command i think 'gettxoutsetinfo' It will shows something like this : { "height": 643150, ... "total_amount": 18457180 }
However, what did Etherscan, Ethplorer, Blockchair, Tokenview, Coinmarketcap and Etherchain use to verify the supply? It was also from their node, I assume and they gave different values. There are some people who might think that this is insignificant, however, this shows the inferiority of the project. I speculate that if bitcoin's supply verification occured like this, the news articles published would be like it was the end of the world already hehehe.
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@bigslimvdub. However, the fixed supply and the assumption that it is the better option is also a only theory. On bitcoin it appears that the effect is that is being used as a speculative investment more than a medium of exchange similar to gold. Early holders are incentivized to keep them instead of using them.
Aeon is a speculative investment since 99.9% of anyone who owns the coin are not spending it, only holding or trading. Bitcoin is being used, integrated, and speculatively held on a daily basis. Bitcoin will also be around in its usable state until supply is exhausted, someone breaks sha256, or finds a severe security flaw that rendered the chain useless. Most crypto coins with a tail emission could, and probably will, become obsolete soon after tail emissions kicks in and miners realize there is close to zero incentive to continue supporting the chain and it eventually dies off well before bitcoin can. The only way any cryptocurrency on tail emissions could survive was if the value increased exponentially to create financial incentives to continue mining operations. One of the reasons a specific project made an incredibly gigantic supply so it could literally never run out of supply in the developers lifetime. The argument was not how the coins mentioned are presently used but on their monetary policies and how they might affect on how they could be used in the future. Grin's monetary supply dilutes the coins of early adopters and disincentivizes them from hoarding. I reckon Aeon's tail emmission might help stabilize the price assuming it was adopted a certain % of bitcoin's adoption. Bitcoin's monetary policy of fixed supply will tie it forever as a speculative asset similar to stocks.
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Agreed on their statement that bitcoin is a legitimate long term investment asset, however, I cannot agree on their statement that it can be better than cash. I wish everyone who came to the cryptospace recently stopped hyping it this way.
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Biden has selected his running mate and judging by the odds movements (there are always people with some insider information), it will be Susan Rice - he will announce it later today, lets see. Unfortunately I can't access the Betfair charts (if someone can, please post a screenshot here), but in the last screenshot I took end of July, Rice was 5+. In a screenshot from April, she isn't visible so must have been 30+. Good bet missed Edit: Well he picked Harris actually I am very disappointed. I thought my prediction and analysis were becoming a certainty hehehe. Also after the news articles about Kamala Harris unfollowed Biden on Twitter, I was already counting my money before holding it.
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