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Current number of posts (including this one): 3592
Rank: Legendary
Bech32 address: bc1qgznrzs7cmulukzqzwxd0hfql2ec7u7pa0au0mu
Merit earned in the last 120 days: 31
I participated in the campaign when it got suspended.
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Losing funds from hot wallets makes me feel I'm back in 2013 or something.  Why? It happens on a near enough weekly basis. This hack is what, not even two days old, and already we've had another hack with Huobi losing $8 million in ETH. All centralized exchanges are the same. Rather than spend time, money, and resources to implement good security protocols, they play fast and loose with the security of your coins and the security of your data because they don't give a shit if you end up losing everything, as long as they line their pockets in the process. Because of the scale, the amount of coins stolen. So far this is the biggest Bitcoin theft in 2023. Of course, you can't avoid hot wallets they are necessary to operate normally (and companies are losing these relatively small amounts from time to time) but keeping 1/2 or 1/5 of entire customers' funds in a hot wallet doesn't look like a good idea (unless of course you don't want them to be stolen for some reason).  |
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Semi finals today over at the Chengdu Open in China.
Safiullin ....
Zverev....
It's not the easiest player to bet on...It's a bit of a surprise this year. despite him not having a very high ranking he was able to play at a high level with Sinner in Wimbledon or Paul in US Open. Live right now, Zverev would be the opponent for Final at Chengdu Open! Zverev have won against Dimitrov in the semi-final in the direct sets 6-3 7 7-6 2. Final match to be played between Zverev and Safiullin. For Roman Safiullin it is the first career final at the Chengdu Open. Playing against the top seed gonna be tough for Safiullin, and expect him to give the best to make it his first title win. So the favourites won and in straight sets each. I wasnt expecting Safiullin to beat Musetti. Odds now on the final have Zverev as favourite and rightly so, I think this will be quite a task for Safiullin he doesnt have any titles as far as I can determine. He has done quite well to get to this final, could he be inspired to beat Zverev @ 3.20? My bet will be on Sascha as someone who reaches the final for the first time is very unlikely to win in. Stats say so. Even Alcaraz and other star prospects can rarely win their first final at such level. |
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That puts the losses around 20%, and my guess is that includes customer funds. In the article I linked to above, the CEO said that only half of users' deposits would be unaffected. So yes, users' funds have been lost, and Mixin Network are now insolvent. In fact, I am most interested in whether these funds were time-locked. If they are, this hack completely devalues their service's meaning and the whole story. Why would they be? I don't know of any centralized exchange or service (which Mixin Network clearly is, despite claims to the contrary) which timelocks their own funds. They need access to their funds to process withdrawals. It is user funds in Mixin Safe which are supposed to be timelocked. (I've still not seen anyone say if they can actually access their funds, though. Was nobody actually using Mixin Safe?) You can ask of course why the funds were stored on a Google cloud server or why they weren't protected with multi-sig, but I don't think they would ever be timelocked. Ok, no reason for the coins to be timelocked I agree, but I though that such considerable amounts (1/5 or 1/2 of all funds controlled by them) are being kept in a secure cold wallet. Losing funds from hot wallets makes me feel I'm back in 2013 or something. |
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Adopting bitcoin as legal payment tender is very good ideas because make some country more popular and many tourist will interested going to the country have easily with payment transaction without need to convert their money with local fiat currency. Many speculated with some country when adopting Bitcoin as payment currency will make their fiat payment not popular and will left by citizen, I think is wrong perception because Bitcoin dominance or becoming legal payment currency will not loss opportunity with local fiat become payment transaction.
I am glad with Central African Republic have been legal Bitcoin as payment tender although not really popular with this country, but believing one or two years later that country will be interested and more popular how to make tourist when going there and feel easily using bitcoin as payment transaction.
But in doing so, you fail to take into account 2 nuances. First, the end seller is unlikely to keep records in bitcoin and pay taxes in bitcoin. That is, the price will also include conversion costs and taxes. Second - there will be no gain, compared to the auto-conversion of your dollars on the card, for example, in the local currency, compared to the costs of servicing payments in bitcoin - the transaction costs money. Slow is small, fast is MUCH. Converting bitcoin to local currency - also at an undervalued rate, and with all taxes and fees. So, sorry, but the idea you mentioned will not work. Yes, but it's based on your assumption that records won't be kept in Bitcoin and taxes won't be paid in Bitcoin and conversion between Bitcoin and fiat is necessary. But it's your assumption only. As a typical troll, you're trying to make people think that your assumption is an absolute truth which it's certainly not. In many places like some regions of the US and Canada you can pay taxes in Bitcoin already now. And if you can later spend your Bitcoin in stores and paying for services there's no need to convert to fiat.  |
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I do not think it should directly affect the campaign, in less than a week, the issue will most likely be rectified, the loophole identified and the chances of it happening again stopped.
Oh yes, I am sure $200 million loss is nothing for Mixin, and withdrawal/deposits not working is also fine  Doesn't look good, but the decision to stop or continue a campaign is up to their management. Mixin Safe wallet is a completely different service in no way connected with the funds stolen. Do you have funds with them? Are your funds frozen? |
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Is the 200 million customers’ money? Are people serious about saving all this service? That surprises me that people are using this Mixin Safe to store their cryptocurrencies and 200 million is not a small amount. I don't think the 200 million dollars came from "Mixin Safe", it's the "Mixin Network" that lost $200 million. According to https://safe.mixin.zone/, they're managing more than a billion dollars. That puts the losses around 20%, and my guess is that includes customer funds. We build open source software that always puts security, privacy and decentralization first. That didn't age well. This, btw is the biggest crypto theft of 2023 up to date! What really happened? Perhaps someone from Mixin Safe can comment and clear things up? I really hope that's not money laundering or management running away with funds! |
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Not sure Ordinals or something else but my transaction is currently showing at around 150MB from tip. The fee is ~23sat/byte which is by now means small. What could be the reason for this?
I have a transaction that I set at around 13 sats per vbyte within the last few days, and so I already have an understanding that it could take several days and maybe weeks to clear. A few months ago, I had some others that took a while to go through when I set them at the lower end of the range of what had been being cleared, and surely I can see that there remains a bit of a gap between my transaction and the ones that are currently clearing in the 20-ish sats per vbyte, as you mentioned. Wen clear? hahahahaha I don't really care that much.. I set my fees in that kind of way just to watch it, but if I was transacting with a stranger, probably there would be a need to set it in the 30-50 sats per vbyte range in order to NOT piss anyone off or to risk losing reputation/credibility. My transaction cleared minutes after I published this post. It went up from 150mb from tip to the very top immediately. Perhaps a bug in my wallet software or something as I found no evidence Ordinals or any other NFT spam intensifying. You are not exactly wrong in terms of the point that you are making which we can see that since about the first few days of September, the mem pools have not really been clearing transactions in the lower 10s.. sats per vbyte, and largely staying above 20 sats per vbyte.. so surely it sometimes might even take a while to clear those in the 20s and 30sats per vbyte unless some of the transactions can get cleared out. I might have to start to get worried in a couple of weeks if my transaction has not yet cleared.. at least in terms of considering if I might want to try to do something about it or to even send another transaction with a higher fee in order to serve in the place of the one that I had sent but did not have a rush in terms of it reaching its destination. I tend to get my mempool historical information from here. https://jochen-hoenicke.de/queue/#BTC,3m,weightAnd, I will also look at what various wallets are suggesting for the high, medium and low fees.
PS. By the way, @serveriawhich website are you using to figure out how far your pending transaction is from the tip? I'm not using any website actually, my wallet software reports this. I'd prefer to not disclose the name for opsec reasons. Btw, i tried to send some more coins yesterday and the fee suggested by the wallet software was even higher (something like 50-60sat/byte). Crazy times... There's been some strife and turmoil within the Ordinals community recently. Turns out Rodarmor hates BRC20 and is looking for ways to sabotage them. Hahaha! The spammer encourages to spam other spammers! Let him have a gulp of his own medicine. |
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What's interesting about the WTA 1000 Guadalajara, Italian women's tennis player Martina Trivesan almost won against Caroline Dolehide but failed after her opponent managed to make a comeback in the second set when she was 4-2 behind. Trevisan was quite impressive when yesterday she beat Ons Jabeur but this time she made quite a lot of mistakes when she almost secured a place in the semifinals.
Yes, it happens very frequently when an underdog kicks out one of the top seeds, he/she runs out of steam and gets eliminated in the next round. Trevisan couldn't find motivation to win in a match against Dolehide after epic win versus Jabeur. Happens all the time. In every sporting event there are always surprises that are created and often the surprises are given to players who are not highly favored and this is a form of one of the big surprises. In the first set Martina Trivesan played quite well and even made it difficult for Caroline Dolehide to catch up on points but when the second set started Caroline Dolehide actually looked more enthusiastic and showed the skills she had to be able to create point after point until the end she won the 2nd set and when the 3rd set started Martina Trivesan looked gloomy or lost her confidence in winning the match and Caroline Dolehide managed to come out on top. Now Caroline Dolehide has made it to the final which will be held in one days against Maria Sakkari and let see who will win the final. I think sometimes this can also happen because the underdog thinks that he has achieved a good enough result in that tournament already. So it is not going to matter too much if that certain player goes further into the tournament or not. It feels like they somehow lose the drive to actually achieve more. That's why I think a lot of underdogs who end up defeating an opponent which is much more better compared to them, end up losing the next match. In the final, Caroline is going to face Sakkari. This match is definitely expected to be competitive. But I think Sakkari has a better chance of winning this match. But of course, when it comes to predicting women's tennis, it is definitely hard because women can be very unpredictable and inconsistent. With no offence to Dolehide after reaching the final I think Sakkari is deserved favourite, 4.47 v 1.19 with their odds. I have never heard of Dolehide before and she did really well to beat Kenin in the semi final. She is currently ranked no.111. Anyone going to bet on Dolehide to win this one against the power of Sakkari? I'm not going to bet on Dolehide, but I'd like to remind everyone that Maria Sakkari lost 7 out of 8 finals she played. She also lost 2 out of 2 Masters finals in her career. Sakkari is known to have some psychological issues which are intensifying during finals. Therefore I'm not going to bet on this match. |
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Thanks for your kind help guys. I have already paid Bitmain to send it back to me. Now I will follow your advice and send it to someone who can fix it.
I am just disappointed with Bitmain.
Well, what did you expect? Like many other manufacturers they're trying to earn and save as much as they possibly can. You could also try to find a used hashboard on our local classifieds website or on ebay. Labor is very expensive these days, perhaps a second-hand unit selling for parts could be cheaper. |
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This is only according to an analyst from Bloomberg. However, if this is confirmed real information then the question from the community should be will cousin Elon support his statement and begin accepting bitcoin payments in Tesla again? Tesla also should start buying again hehehe.  The Bitcoin network, with its continually increasing hash rate, has seen a corresponding decrease in its emissions intensity, according to recent reports from Bloomberg. Analyst Jamie Coutts explained that this trend is contrary to most other industries and could potentially trigger the next wave of institutional investment.
Data cited by Coutts on Monday revealed that the sustainable energy mix for Bitcoin has been steadily rising since 2021 and now exceeds 50%. This increase in sustainable energy use has resulted in a slower growth of emissions relative to the network's expansion. Coutts noted that the evolving relationship between Bitcoin network growth and the global push to transition from fossil fuels could "catalyze a wave of institutional and even sovereign investment capital."Read in full https://finance.yahoo.com/news/bitcoins-sustainable-energy-mix-surpasses-060305672.htmlMusk only does what is profitable for him. Even if he is buying do you really think he will announce it publicly? That could lead to a pump and he will be forced to buy at a higher price. So rest assured, most probably he will secretly buy and then announce he bought after some time. After the price will go up he will also secretly sell again and tweet something negative about Bitcoin. Been there done that. |
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I have read many posts from stompix about china and the conditions are not good there.
Read several of his posts and the guy looks biased to me for some reason. Can't take his posts seriously. The point is people are not buying and the production level has increased so much in china but consumption is lower which caused deflation. Of course there are other factors involved too.
Here I must agree, the US and EU are trying to protect their markets from cheap Chinese goods. They would prefer big international brands ordering goods in China and then selling in the US/EU. Most of the profit goes to the corporations, Chinese economy doesn't benefit from such a scenario much. China used to sell directly using eBay, Aliexpress, Alibaba etc but taxes were introduced and existing tax exemptions were cancelled making such business not very profitable. |
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Every other investment I know requires you to have a lot of money before you can make a reasonable profit. The most popular forms of investment are stock trading and real estate and it's quite expensive to go into. For you to buy these shares and make a good profit you have to have thousands to tens of thousands of dollars. Not to mention that you need to have a deeper understanding before you can stand a chance to make it in stock trading. Some might argue that you can buy fractional shares with the amount you have. According to Stach these are a few disadvantages of fractional shares. Limits on when, how, and what you can sell
Fees for trading fractional shares
Lower dividend income and profits
Lack of stock voting rights
Risk of illiquid shares that are difficult to sell
Tax consequences when changing brokerages
This shows how the game is rigged against those who don't have enough money to spend on investment. I can't say Bitcoin levels the playing for everybody but it gives people an opportunity to have an investment. People that ordinarily wouldn't have been able to have any investment at all. With Bitcoin, you can just buy with any amount you have and sell whenever and however you want. I for one wouldn't have had any investment at this point in my life if not for Bitcoin. For the record, I'm not against investing in other things, if you have the money to invest in other things then by all means please do, but if you don't have it, it's best if you stick to Bitcoin. And if you'd like to know more about fractional shares, and invest in them, you can start researching here Forbes. Some people frown at the fact that Bitcoin is being termed an investment because Bitcoin was created to be a currency. They feel Bitcoin might lose its nature as a currency if it continues being an investment. I don't agree with that, but I respect their opinions. Bitcoin can be both a currency and an investment Define poor. IMO poor people don't have money for investments, don't have money to DCA so how they can benefit from Bitcoin? In early years perhaps you could have invested a couple of bucks, hodl for 10 years (again highly unlikely if you're poor) and then perhaps you can have a nice amount in fiat if you sell. |
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What's interesting about the WTA 1000 Guadalajara, Italian women's tennis player Martina Trivesan almost won against Caroline Dolehide but failed after her opponent managed to make a comeback in the second set when she was 4-2 behind. Trevisan was quite impressive when yesterday she beat Ons Jabeur but this time she made quite a lot of mistakes when she almost secured a place in the semifinals.
Yes, it happens very frequently when an underdog kicks out one of the top seeds, he/she runs out of steam and gets eliminated in the next round. Trevisan couldn't find motivation to win in a match against Dolehide after epic win versus Jabeur. Happens all the time. |
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I am sure that the countries you mentioned above are able to pay off all their debts
Well, the US probably can pay off their debt by printing some extra $40 trillion (money printer go brrr) but what will be the aftermath? That would kill the US economy and potentially drag the Global economy into the abyss too. |
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On this board I often see a lot of discussions related to investment and finance which tend to be large scale. However, to start investing we need capital. How do you find capital for investment?
Let's talk about small scale businesses that have low risks and promising profits so that we can have capital to invest and become passive income in the future.
Do you have a small business idea? or business experience? I want to hear it
Passive income is a myth. No business guarantees a truly passive income. Some effort is still necessary to run any type of business like for example many people think that renting out an apartment or a house is passive income. I'll have to disappoint you - that's not true. |
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Suppose that that there is a successful quantum attack on SHA-256. That it happened so quickly that Bitcoin has to move infrastructure with the nodes is transitioned to a quantum resistant software. What do you think would happen to the miners, the computation of the nonce, including all the mining hardware? And by extension how would this affect Bitcoin wallets. Do you think we would need to get new wallets and migrate our funds from our old addresses?
This scenario isn't particularly realistic as first powerful enough quantum computers will most probably be owned by governments or corporations not cybercriminals. So Bitcoin devs will have time to migrate to another more safe protocol which would withstand a quantum attack. |
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I know a person who is filthy rich. The guy lives in Monte Carlo and he retired early. Well what he said is that people there mostly don't work but attend different clubs instead. Like a vintage car club, speed boat club, horse racing club etc... so the rich guys who don't have to work just meet there and spend time on their hobbies, having fun etc.
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First I would say "human needs are insatiable." Upon attending to some current needs, definitely others will arise. So, even if you spend all your earnings trying to solve every of your needs, that doesn't mean that other needs might not arise.
Often times it's good to remind ourselves that we are still in the real world and have to come out of the world of fantasy.
This is mostly concerned with people who have not really gained a strong grasp on wealth and finance, i.e., those who are not really financially stable. Although it concerns all, but mostly those who are less financially stable.
Bitcoin investment doesn't require a pocket full of money before you can invest, but it's something you can do with in a peaceful mind and with no minimum or maximum amount. It also doesn't put restrictions on the amount of Bitcoin people want to buy or hold, so it's better to invest than to wait until you have finished satisfying all your needs before you think of investing in Bitcoin.
I am not saying that personal needs, some challenges, and problems should not be attended to, but there are some secondary and tertiary needs that can be attended to later. Some people are earning well, but they want to settle all their needs before investing in Bitcoin or into something that will be profitable to them in the future. But even the needs they are trying to solve are unending, because the more needs they solve, the more they others evolve in a short time.
For example, even if someone has $10, 000 in their account and they decide to spend all that money on the current problem or financial needs that they are faced with at that moment, the next moment they will still have some new needs and desire evolving, which also require attention, and by then they will still need more money to tackle whatever issue it is.
So, folks, I wish to remind us to always keep to your budget, still hold on to your savings, and invest for the future. Don't always think you can use your entire savings to solve today's problem, forgetting that tomorrow's needs, desires, and problems are going to evolve.
I shared this based on some mistakes I made a few months ago when I took a lot of responsibility on my shoulder and took out a whole deal out of my savings to solve some problems, with the hope that I would start saving again to cover what I had taken out, but... more needs even arise.
People are different. I mean, I know someone who's making $600k+ per year and is whining that he can't afford this and that and at the same time there's a person earning $100k+/year and claims he can't spend all the money he earns and even manages to save some. So yeah, depending on the individual and his/her needs. |
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Below is a list of 10 Countries With the Biggest Debt Burdens 11. Japan $10.1 trillion 2. Greece $415.35 billion 3. Italy $2.94 trillion 4. United States $36.8 trillion 5. Spain $1.74 trillion 6. France $3.478 trillion 7. Portugal $305.45 billion 8. Canada $2.52 trillion 9. Brazil 10. Belgium $640.3 billion I am not an economist so my question would be directed to those who understand economics and government administration. If a country is capable of paying off her debts, why don't they? Obviously , these developed countries I believe are capable of offsetting their debts because they even render aids to other developing nations. Secondly, are there any benefits, economic or otherwise of a country being in debt?
1. https://www.usnews.com/news/best-countries/slideshows/top-10-countries-with-the-heaviest-burden-of-debt?onepageCountries like the US are paying record interest on their debt, and I really don't think they're capable of shelling out $36.8 trillion!!! just like that. I doubt that this debt will ever be paid off in full or even partially. A debt-to-GDP ratio up to 77% is considered "normal" but US debt has reached a whopping 125% debt-to-GDP in 2021 (now probably even higher). |
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