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5281  Alternate cryptocurrencies / Bounties (Altcoins) / Re: 0.00030000 Bitcoin Cash FREE give away by Casinolize.com - Can apply 2nd time on: January 25, 2018, 06:53:55 AM
This kind of giveaway is not allowed in this forum it seems. The Admin has banned our other account for 30 days.

Did admin state that was the reason? The Games and rounds board has many similar giveaways from other sites. Looking back at the last few of pages I see you made several back to back posts saying 'added' rather than combine them all in one post. Back to back posting is against the forum rules and might have been what the ban was for.
5282  Economy / Service Announcements / Re: [ANN] ChipMixer.com - Bitcoin mixer / Bitcoin tumbler - mixing reinvented on: January 25, 2018, 05:36:01 AM
That would not be ChipMixer making the rules, but these forums which are owned by theymos.

That is actually a user configurable option although the default is off. Under your profile page Personal Message Options https://bitcointalk.org/index.php?action=profile;u=xxxxxx;sa=pmprefs
There is a checkbox for 'Allow newbies to send you PMs.'
5283  Other / Meta / Re: Stake your Bitcoin address here on: January 24, 2018, 05:09:54 PM
Please quote and verify:

----BITCOIN ADRESS ----

1ChckFuUWvUHnbYSf3LMobeq73yikCveKm

-----BEGIN BITCOIN SIGNED MESSAGE-----

Today is  24.01.2018 bitcointalk account Azar138   u=929054 belongs to this address

-----BEGIN SIGNATURE-----

IOmn11Xu/6wblXEmDM4dI14SA30A2r2OvHhxdPZx2PErFjO/gf9CWrDYYreDjRB6ymknBdo9KuAbbsoIBpCbTlo=

Proof: http://www.coinig.com/?adr=1ChckFuUWvUHnbYSf3LMobeq73yikCveKm&msg=Today+is++24.01.2018+bitcointalk+account+Azar138+++u%3D929054+belongs+to+this+address&sig=IOmn11Xu%2F6wblXEmDM4dI14SA30A2r2OvHhxdPZx2PErFjO%2Fgf9CWrDYYreDjRB6ymknBdo9KuAbbsoIBpCbTlo%3D


Quoted and verified using Electrum

this is my btc address
1A6ymMjjoTiRMZhdcno5a3vPop4eh3kvH6

my new eth address
0x2e45cC6F5f3A6f4a0E0793898F5C2eBAD868826c

can it helps future recovering?

You are supposed to quote the person above if it hasn't already been done.
It might help but that is not guaranteed and at the very least it will probably slow the process down.
5284  Bitcoin / Development & Technical Discussion / Re: How to use Segwitaddress.ORG ? on: January 24, 2018, 02:46:34 PM
I want to know that if Legacy address' privkey has SegWit address connected with it and it can get me a SegWit address starting with '3', didn't the SegWit devs make it possible to get a bech32 address too with that privkey? Or is there anything I'm currently unaware of?

That's sort of why I'm guessing you can't. I also seem to remember when I first upgraded to Electrum 3.0.0 and created my first Segwit wallet seeing a warning somewhere that it would not be possible to import these private keys into other wallet types.

That still leaves me wondering why anyone would want to use the same private key to generate different addresses. I cannot see any application that would benefit from that and it sets alarm bells off that it could make things less secure.


Edit: I've been thinking about it and I think this explains it but people with better technical knowledge may be able to answer it more fully.

A private key creates a legacy address. The 3 Segwit address is created from the legacy address, not from the private key. They are not meant to be associated, the Segwit address is just nested in the legacy address.
Another private key creates a bech32 address and that's all as it is native and doesn't need to be nested in anything.


Let's try this again. As I've only been learning about Segwit a couple of months this took a while to work out.

A legacy addresses private key doesn't have a Segwit address associated with it. The Segwit implementation using the 3 addresses is nesting Segwit in the old legacy address. That address is not intended to be used for anything else. It was only done this way as a tempory solution to provide backward compatibility of the address format (base58).

The native implementation of Segwit using bech32 addresses does not require any other address to make it work.

The devs didn't make it possible to do what you asking because there is no reason to.
5285  Bitcoin / Development & Technical Discussion / Re: How to use Segwitaddress.ORG ? on: January 24, 2018, 01:45:29 PM
I said that for my current bech32 addresses, that if I receive coins on different (bech32) addresses and all of them are in the same wallet:
Let's say 'A' address receives 0.03 BTC
'B' address receives 0.02 BTC
'C' address receives 0.05 BTC,
And if I am interested in sending the whole 0.1 BTC to someone in a single transaction, won't these addresses A, B & C will be included in that transaction and shown in the list?

Yes, that's what I was saying. It's a privacy issue and there are ways of combatting it such as in Electrum you can create as many wallets as you want and then use each one for different purposes. Then use a service like ChipMixer to further distance yourself from the source of the coins before combining them.

On a quick note, I would like to know that if it's possible to get SegWit addresses starting with '3' with our Legacy addresses' privkey, can't we use these privkeys to get bech32 addresses that are (maybe) connected to our Legacy addresses? Correct me if I'm wrong somewhere with the question here.

I'm not 100% sure here but I think the answer is no. Before I go trying to look that up I'm still completely baffled as to what you are trying to achieve and maybe if you could explain that I might get it.
5286  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: January 24, 2018, 11:30:57 AM
It was definitely not a deliberate attempt by me to quote out of context. I admit
that Iīm not as familiar with memorandums like these as you are and I was wrong there.
After reading your post I read the memorandum again and it seems that you are right and
that I was wrong.

No worries, as I said I was giving you the benefit of the doubt. I was just a bit annoyed as I thought I had convinced you the last time we went through this.
The idea that any accountancy firm would be fooled by a trick like that seemed so ludicrous to me as to be laughable before I even read the report. I just find it frustrating to see people still repeating it.

I also agree that privately held companies are under no obligation to publish audits.
However, the business of Tether is not your standard business and is founded on the belief
that the outstanding USDT are actually backed. Donīt you think that it would be in their best
interest to provide audits regularly? Especially, because they claim right on their website that
they are subject to "frequent audits". Isnīt it noteworthy that there never was a single
audit released since Tether was founded in 2015?. Maybe I just have a different understanding
of the term "frequent" than the guys at Tether.

It could be helpful in some respects but as above would also just give the bloggers more source material to misrepresent.

Besides, I agree that large amounts of money poured into Bitcoin due to the bull market
and the increased media coverage. However, Bitcoin has lost nearly 50 % since its ATH
and the media coverage has receded. Therefore it is not entirely logical to me that Tether has actually
ramped up their USDT issuance since the start of 2018.

My bit of conjecture. This is exactly where traders that know how to trade are building their positions.

Additionally, I remember reading a report of Morgan Stanley (not 100 % sure, it could have been
JP Morgan as well?) were they suggested that only 6 billion $ of real fiat money have actually
found their way into the cryptocurrency markets and the rest of the 495 billion $ crypto marketcap
is basically paper gains (we all know how ridiculous market caps are in the cryptocurrency scene).
I find it extremely unlikely that more than 30 % of this amount should have found their way into
the cryptocurrency scene using Tether.

I'd like to read those reports to see exactly what they mean by that before commenting. It doesn't really strike me as something that is measurable.
Given the combined size of the exchanges using Tether, $2Bn seems like a small number to me. As you say marcap is irrelevant, it's not a stock, it's currencies. Compare $500Bn to money supply numbers and get some real perspective as to how small this still is. It's less than half a percent of the world's M2 money supply.



5287  Other / Beginners & Help / Re: Coinbase BTC address is different every time. on: January 24, 2018, 10:39:10 AM
short answer: yes, it'll work

I'll add a little to that. It will work but there a couple of reasons you should use the new addresses when possible. 1) It protects your privacy to use different addresses. 2) Coinbase may at some time in the future upgrade the wallet software they use and start using a new wallet. Although your funds are unlikely to be lost in this case it may cause delays in your account being credited.
5288  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: January 24, 2018, 07:36:42 AM
We discussed a few post ago that I have no problem with conjecture, debate and differences of opinion but I do have issues sometimes with how things are presented. This is an example of that. It is possible that it is just that you don't fully understand the report but it looks very much like a deliberate attempt to misrepresent it by selectively quoting out of context. I'm giving you the benefit of doubt here, I'm the son of an accountant, so I grew up with this stuff and I have been sole director of Limited companies. Maybe what is strikingly obvious to me isn't to everyone.

I remember very well that your main argument when we had this discussion before
was that they received bank statements to the bank accounts as well and not only took a look at
Tetherīs accounts at the snapshot
date, which would make my theories impossible (Tether wouldnīt have been
able to get the liquidity for the snapshot date from somewhere else).
However, the memorandum also explicitly states the following:

I remember that you argued that they had not seen bank statements by selectively quoting the line where they said they had seen snapshots of the balances and neglected to the statement just below it saying they had.

Now, what is the context of this quote?

Quote
We have not performed any procedures or make any conclusion for activity prior
to or subsequent to September 15 2017...

It comes at the beginning of the document under the heading Background where they outline the purpose and scope of the report. In summary to verify that Tethers are fully backed as of a specific date.

This is what I quoted last time and its context is that it is under the heading Procedures Performed where they describe what they actually did.

Quote
FLLP traced the cash balance on the trial balance and bank statement for each bank account and inquired of Client as to any reconciling items.

They explicitly stated that they traced the cash, that means verifying where it came from and fully rules out the conspiracy theory that they just borrowed the money from a friend to fool the accountants.

So it is not.....
Therefore it is still possible that the funds were wired into the Tether bank accounts prior
to the date.

As for the rest of your post. However many audits reports or whatever Tether and Bitfinex issue will not make any difference, the conspiracy theorist will just misrepresent them in the same way they did this one. Privately held companies are under no obligation to make accounts public.

I hope you're just having a laugh with ETH stuff. Making a comparison between using a technology as a means of transmission and a Ponzi raising funds through an ICO. Please tell me you are joking.

Going back to conjecture and opinion. Your opinion would be that the large increase in the issuance of Tether over the last few months is a sign that it is a fraud. My opinion would be that it is entirely consistent with the increase in interest in crypto and mainstream news coverage during that time. There were days back in December where my fiat markets squawk feeds were entirely filled with Bitcoin news. The fact that a large amount of money poured into the markets at the same time is entirely logical to me.




5289  Economy / Reputation / Re: Red Trust - While I never cheated or scammed anyone on: January 23, 2018, 03:55:33 PM
It's up to campaign managers to mark and not select users they believe only post rubbish to get their money.

Absolutely, the problem being all the altcoin and ICO campaigns that don't care because they're paying with free coins. They just sign up anyone who applies and pay them to shitpost all over the forum.

Again, something that doesn't contribute to the discussion is a spam. Any other opinion, even totally incorrect shall always be allowed. 

I am in agreement.

I won't be arguing anymore. I think you're just trying to get on the good side of DTs and their reputation abuse.

I really don't care what you think. I'm doing this out of frustration at how difficult it is to have a meaningful discussion on here with the thread filling up with complete garbage. I don't think I have anything to fear from anyone in DT.
5290  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: January 23, 2018, 03:38:28 PM
Why would exchange rate volatility make that impossible to maintain? After all issued Tethers
are never redeemed - otherwise we would have seen the numbers on the transparency page
go down at some point - and therefore it is irrelevant if the basket of cryptocurrencies would
drop below the issued amount.
That this could be a problem in the long-term is obvious.

Exactly that.

Regarding the Friedman document I already outlined several possibilities:
-Bitfinex could have provided the necessary funds for the Tether audit from funds of the Bitfinex exchange
-rich individuals could have provided the necessary funds for the snapshot date
-banks could have provided the liquiditiy for the audit

We already had this discussion and I fully explained why that couldn't have happened. Do you want to revisit those posts?

-Tether is completely genuine and all Tethers are 100 % backed by actual fiat deposits (I admit that this is
also possible, but unlikely if mayax and I are correct)
...

In my opinion that is by far the most likely explanation.

There are a myriad of possibilities how they could have got the necessary funds for a short
period of time in order to prove their solvency for the snapshot date. After all they run one
of the biggest exchanges in the world and definitely have
good connections. The document was worded very carefully and leaves a lot of room
for interpretation.

As I recall it wasn't at all ambiguous and I quoted the lines from the report that you missed explaining that they had reconciled the bank statements and received full explanations from Tether what every entry was. (What accountants call auditing).

Regarding your question:
-Bittrex allows fiat deposits for amounts that exceed 100k $, but only credits USDT to your account if you wire actual USD to them (you probably knew this)
-Binance has no fiat deposits
-Poloniex has no fiat deposits
-Huobi has no fiat deposits since the crackdown of the Chinese government
-OKEx I have no idea, but it should be similar to Huobi

OKEx did because they had the same issues receiving international wires as Tether did due to the Taiwanese banking system.
So, in summary, I would guess that the vast majority of Tethers funds are coming from Bitfinex and Bittrex customers deposits.


I also have a question for you. Why would Tether start to issue USDT on Ethereum in
addition to issuances on OMNI?

Not sure, maybe it's trendy and they like playing with virtual kittens?
5291  Economy / Reputation / Re: Red Trust - While I never cheated or scammed anyone on: January 23, 2018, 03:18:32 PM
Do you even understand what you're saying?
It's like saying, we don't need stupid people in society so we should start putting them in jails / killing them.

It is nothing like saying that. You must be the one that didn't understand what I said.

Every human society, every platform will have stupid posts and opinions. Bitcointalk is no different, these opinions and inadequate knowledge don't deserve negative trust.
Spam and one liners does.

It has nothing to do with being stupid or wrong. It is about posts that add absolutely nothing to the debate and are made entirely for the reason of getting paid. There is no reason to post on a thread that already has 199 pages. Nobody is ever going to read it and it adds nothing to the forum except noise. How many lines are in a post has no bearing on whether it is spam or not.
5292  Economy / Reputation / Re: Red Trust - While I never cheated or scammed anyone on: January 23, 2018, 02:57:27 PM
Look at the posts of legendaries and heroes doing signature campaign, they're nothing new and repetition of what so many users have already said.

A lot of higher ranked accounts have been hacked and/or sold and many of them also shitpost. Two wrongs do not make a right.

This isn't a reason to neg anyone.
One liners and spams are.

That is a matter of opinion and in this case, I do not share yours. Posts like the one quoted above that say absolutely nothing and that are made for no reason other than to increase post count and get paid pollute this forum. The administrator of the forum will not do anything to address this problem, so some people on the DT list have decided to tackle it in a different way. That's not ideal but at least something is being done.
5293  Economy / Reputation / Re: Red Trust - While I never cheated or scammed anyone on: January 23, 2018, 02:35:40 PM
This is not a shit post nor a reason to negative trust someone. If someone is less knowledgable/has wrong understanding of a concept he doesn't deserves to be negged.
I am sure OP had spam/1 liner posts that made someone neg trust him for being a spammer.

This was the post quoted in the reference to the trust feedback. It is the very definition if shitpost. It says absolutely nothing of any meaning and is buried on page 199 of a thread that hundreds of people have already said the same thing.
5294  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: January 23, 2018, 01:46:59 PM
another 100 million

Excellent news. Tether goes from strength to strength. What a success story they are turning out to be, despite the failed predictions of all the naysayers.
5295  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: January 23, 2018, 01:07:47 PM
Why would bfx_drew make a comment that doesnīt make any sense? He works for Bitfinex after all, therefore
he should be much more knowledgeable about the cryptocurrency scene than the average reddit user.

It looks like a post in response to someone where he just didn't think through what he was saying. He could have gone back and deleted it but then there would just be more screams of conspiracy.


Let me explain what could be a possible course of events using a hypothetical example:
1. An altcoin exchange like Poloniex that has no fiat banking (= no fiat deposits = no inflow of actual fiat) makes a ton of income due to trading fees
2. Letīs assume they make 20M $ in a month from a few trading pairs
3. The fee income is collected as cryptocurrencies, because no fiat has ever entered Poloniex (see 1.)
4. Poloniex doesnīt want to hold the cryptocurrencies and instead transfers the ownership of a basket of
cryptocurrencies worth 20M $ to Tether
5. Tether issues 20M $ of USDT, which are backed by the cryptocurrencies (and not by actual fiat deposits)
...


Step 5 is where this falls down. Exchange rate volatility would make that impossible to maintain and secondly Freedman LLC would not have confirmed that the money was in bank accounts.

As mayax correctly points out thinks it is extremely unlikely / basically impossible that institutional investors have wired that kind of money to Tether.
This would also explain why Tether issues new USDT in spite of closing registrations at Tether.to for months.

It's going to be a mixture of customers. A question for you. You probably saw the Tether rich list nrd525 posted on his thread earlier. Of those exchanges holding large amounts of Tether how many accept USD wires? Obviously Bitfinex and Bittrex I know of but I don't frequent the others.

https://support.bittrex.com/hc/en-us/articles/115001293992-Purchase-USDT-via-Wire-Transfer
https://wallet.tether.to/richlist

5296  Economy / Reputation / Re: Red Trust - While I never cheated or scammed anyone on: January 23, 2018, 12:45:24 PM
The trust system as its name implies is simply for people to say whether or not they trust you.

In the spam mega thread "Does the Price of Bitcoin Matter?" you posted this.

Well, I don't actually think the price of bitcoin can really matter because people can still buy fractions of bitcoin no matter the price. Unless if people are trying to own or accumulate complete bitcoin. Sometimes people have a problem they don't care about anything when it was cheap and by the time when it is expensive then everybody will be talking about.  

Giving advice like that I'm not surprised someone doesn't trust you.
5297  Other / Meta / Re: Why my bitcointalk account banned ? on: January 23, 2018, 12:28:00 PM
I do not know english, I use translate.google.com to convert from vietnamese to english

As Thirdspace just said the reason is your posts are regarded as spam. If you use Google translate then they will be in very poor broken English and difficult for anyone else to read. I would advise you to stick to the Vietnamese board this time.
5298  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: January 23, 2018, 12:17:36 PM
it's not frustrating at all. it's for fun. Smiley

Oh, I see now. You actually enjoy the fact that everything you have been saying will happen to Bitfinex for years hasn't happened. I'm sure you going to have many more years of happiness then.

Regards to audits I answered that yesterday and, unlike you, I find repeating myself somewhat pointless.
5299  Bitcoin / Electrum / Re: Two outputs on: January 23, 2018, 12:10:31 PM
I still don't see that second address anywhere, even under the addresses tab showing all.  One of the mysteries of the universe I suppose.

Go to the 'Addresses' tab and change the filter from 'Receiving' to 'Change' and you should see it there, not a mystery after all.
5300  Bitcoin / Bitcoin Discussion / Re: Forum moderation policy on: January 23, 2018, 09:48:35 AM
Hi
How can I contact the admin(s) of the forum?
I have 2 old accounts and wonder if I can unite them... or whatever is best todo.
I cannot enter into one of them so I need help of admin but dont see any way to
contact him/her/them Smiley

The two administrators are theymos and Cyrus. You can contact them via PM. They are very busy and may not view this request as a priority so you may wait some time for a response.
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