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5681  Economy / Gambling discussion / Re: Wilder vs. Fury II: The Rematch is On on: February 21, 2020, 02:30:14 AM
Tyson Fury has become a personal hero of mine. He said that he will binge on cocaine and cheap $30 dollar hookers if he wins the fight hehehehe.
5682  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Grin Observer - GRN/BTC - Price Movement and Discussion on: February 20, 2020, 01:50:57 AM
What is the future of the cryptospace doing on the 3rd page? Has everyone sold on the pump hehehe?

@Cryptotourist. Be careful on what you want to wish for, this will make me happy hehehehe.
5683  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. on: February 20, 2020, 01:34:48 AM
@Febo @Hueristic. I have forgotten that stoffu already explained about this issue. Miners mine on a higher hashrate in RandomX because it is faster to compute than cryptonight.

https://bitcointalk.org/index.php?topic=641696.msg53324704#msg53324704


You misread my statement, I never said there were current ASICS and do not believe there are or even will be if the Devs do as I suggested years ago and have a backup algo ready to go as a deterrent. AAMOF if they had done it back then then we never would have had the secret ASIC mining issue we did have in the first place as we could have forked immediately instead of waiting 6 months when the rate doubled when the first cryptonight ASICs were created(2017 IIRC) and that would have made their venture unprofitable and therefore they would not have wasted the resources to try it again.

All you need to do for a deterrent is to prove you are willing to do what it takes, mutually assured destruction is the ultimate form of this (I.E. a Doomsday machine) and it is 100% effective. That is an example it would be foolish to make a doomsday for a decentralized network as an asic friendly would be preferable to that but I think you get the idea I am trying to put across here. I think my mother described it best when she said I would cut off my nose to spite my face. Smiley

You talk of a decentralized network, however, a cryptocoin that can change the mining algorithm from the decision of a group of people anytime they order it is centralized. It is also not an assurance that it will stop Asics.

@Gash. Remove your bias. Let us pretend that a cryptocoin with a similar monetary policy as Grin has reached $50 billion market capitalization.
5684  Alternate cryptocurrencies / Altcoin Discussion / [NEWS] Privacy blockchain Enigma settles with SEC over ENG token on: February 20, 2020, 01:11:31 AM
This is only the second ICO that I read on the news about paying the SEC fee to continue. The first was EOS. How do we trust the SEC will not favor some projects and disfavor others? What would occur if the SEC banned Ethereum 2.0 or Ripple to favor EOS or Cardano?



First, Enigma MPC has reached a settlement with the US Securities and Exchange Commission (SEC) related to the issuance of ENG tokens in September 2017. This settlement clears the way for Enigma’s development team to focus fully on its original and continued vision: building privacy solutions that improve the adoption and usability of decentralized technologies, for the benefit of all.

“We will continue to release more details related to this settlement in the coming days so that the Enigma community can better understand the next steps. We are thrilled to have the opportunity to put this process in the rearview mirror and turn back to our development work with our full attention and energy.”
– The Enigma Team


Read in full https://www.cryptoninjas.net/2020/02/19/privacy-blockchain-enigma-launches-mainnet-settles-with-sec-over-eng-token/
5685  Bitcoin / Press / Re: [2020-01-31] Senior Adviser / Operator Of The “Silk Road” Website Pleads Guilty on: February 20, 2020, 12:47:10 AM
@Betwrong. It was administered by a person who is not a criminal. He was a physics major, a scientist and he has created the Silk Road to be an experiment on real freedom on the internet. It was not only for the drugs. I reckon the American government punished him severely out of fear of creating a people's movement.
5686  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: February 19, 2020, 03:35:27 AM
His wife cannot hide the black spots under her eyes with make up. She clearly is very tired from taking care of those kids hehehe.

I hope she has a nanny or 9.  That younger boy looks like he might need two nannies just to keep an eye on him alone.


 

Hehehe the older boy appears that he can also do something. Look at the picture, you do not know what he is doing with his left hand while his father is giving a weird smile again hehehee.
5687  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum in 5 years on: February 19, 2020, 02:53:50 AM
@sniveling. It might take more than 2 years, I reckon. I predict delays and more delays added on more delays. Also, Ethereum 2.0 has been invented already. There are multiple forms of it. EOS, Tezos, Chainlink, Cardano, Tron, Neo, Cosmos hehehe.
5688  Bitcoin / Press / Re: [2020-01-31] Senior Adviser / Operator Of The “Silk Road” Website Pleads Guilty on: February 19, 2020, 01:31:32 AM
@Carlton Banks. Agreed. I heard the Silk Road forum was also an open place for intelligent economic, political, social discussions. It was a place where its community members can leave and bring some knowledge with them and some drugs hehehehe.
5689  Bitcoin / Press / Re: [2020-01-30] Bitcoin Has Lost Steam. But Criminals Still Love It. on: February 19, 2020, 12:08:16 AM
@kool1s. Embrace might be the wrong word. However, we should accept that bitcoin is only a tool that can be used by criminals also and we should not be triggered if people give emphasis on this in discussions.
5690  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: February 18, 2020, 03:26:55 AM
I found odd that Rivers is hitting free agency instead of straight out retiring, (...)
He has a lot of kids to support Grin

Lol, you aren't kidding.  (See what I did there?)  I had no idea he had so many kids, nine as of last March!  I thought I was asking for it with four of my own.  He'll be raising teenagers for over 20 years, poor guy!  Good looking family, though.  I wish him luck.



His wife cannot hide the black spots under her eyes with make up. She clearly is very tired from taking care of those kids hehehe.

Would Rivers have a better career if he did not play for the Chargers? I read his history and it appears his team did not utilize his prime properly.
5691  Alternate cryptocurrencies / Altcoin Discussion / Re: [NEWS] Bitcoin Cash to Add Dev Tax in New Software Upgrade on: February 18, 2020, 03:03:29 AM
@FanEagle. I reckon for some people it might be ok, however, it will not be ok for everyone.

In any case, Roger does not support it. Will this cause him to call on his followers to create a hardfork again? What will he call his new coin? Bitcoin cash cash, BCHCH hehehe?



Roger Ver, via a YouTube video on February 16, 2020, stated that he was not in support of the debated 12.5 bitcoin cash miner’s tax. Ver, referring to the initial tax proposal with his name appearing at the end of the document, declared that it was done without his consent.

In an attempt the ‘set the record straight’, the Bitcoin.com executive said:
“I didn’t sign this. There was definitely discussion about this, there was talk and I thought the talks were still ongoing; when all of a sudden this was released with my name at the bottom. I don’t think it was released out of intentional malice…I think there was just a lack of communication, lots of time zones, lots of different languages.”

Roger Ver further expressed concerns with the new infrastructure funding plan (IFP) published by Bitcoin ABC recently. The upgraded document had some details different from the original proposal. Some of the changes include the reduction in tax on the block reward from 12.5 to 5 percent, with the funds going to a list of selected whitelist projects.


Read in full https://btcmanager.com/roger-ver-bitcoin-cash-tax-proposal/
5692  Bitcoin / Press / Re: [2020-01-31] Senior Adviser / Operator Of The “Silk Road” Website Pleads Guilty on: February 18, 2020, 02:37:18 AM
It was not revenge. It was for fear and intimidation, I reckon. The government might have been successful to scare away the cryptocoin nerd community, however, it attracted hard criminals. The type that will not be scared of the government.
5693  Bitcoin / Press / Re: [2020-01-31] Senior Adviser / Operator Of The “Silk Road” Website Pleads Guilty on: February 18, 2020, 02:03:02 AM
@gentlemand. However, the government's purpose for his excessive sentence did not work. It did not stop the darknet. I reckon that it might be taken over by real criminals by now.

I heard the Silk Road was a place for freedom of speech and also a community for illegal drugs safety.
5694  Economy / Speculation / Re: Buy only bitcoin or take chances in altcoin casino? on: February 17, 2020, 03:12:11 AM
[snip]
I prefer BTC, cause Altcoin market is depended on the price of bitcoin.
Current Bitcoin market is on a bull flag and it is sure price will not fall before next halving,
so it is better to hold Bitcoin for a long time, I think it will not disappoint us.
But don’t forget mate because alt coins can grow more than what bitcoin can give in a short period of time so still diversification is the best way to handle our investments here

Yes, Altcoins may able to grow more but trading alt coin is really painful and anxious. The future of Altcoin is uncertain. Bitcoin is better if you want to do risk free trading.

There is no risk free trading, however. Also, Bitcoin is used most as a speculative investment with its own high risk and high volatility.
5695  Economy / Speculation / Re: Corona Virus will Impact the price of Bitcoin ? on: February 17, 2020, 02:50:52 AM
This might be another cause why the corona virus might be bad for bitcoin's price. The cash that can be used to pump it can be held by the government for quarantine hehehehehee!


Fan Yifei, deputy governor of the People’s Bank of China, revealed at a press conference on Saturday that China is now quarantining old bank notes in order to contain the spread of the coronavirus.

Yifei says money in worst-hit areas will be sanitized with heat and ultraviolet rays, and quarantined for two weeks before being distributed again.


Read in full https://dailyhodl.com/2020/02/16/coronavirus-cash-quarantine-comes-to-china-in-attempt-to-sterilize-fiat-currency/
5696  Alternate cryptocurrencies / Altcoin Discussion / [NEWS] Bitcoin Cash to Add Dev Tax in New Software Upgrade on: February 17, 2020, 01:53:51 AM
It appears that the bitcoin cash developers' original plan was to introduce a developer's tax to test everyone's reaction and reintroduce another version of the tax if they think this can be done by using the data from the first reaction hehehe. They were not listening to you. It was a trick.



Bitcoin ABC developer Amaury Séchet recently published an updated version of the miner Infrastructure Funding Plan (IFP) that was first introduced by BTC.TOP founder Jiang Zhuoer.

It will be implemented in the forthcoming 0.21.0 release of the Bitcoin ABC software that is expected to take place on May 15. The protocol change has to be activated by miners via BIP9.

The major difference in his proposal is the reduction of the developer tax to 5 percent (the original amount was 12.5 percent). The rationale behind taking a sizeable chunk of miner rewards is the necessity to develop the software infrastructure of Bitcoin Cash.    

Those funds will go an opaque list of whitelisted projects, which might be the second most controversial thing after the tax itself.


Read in full https://u.today/bitcoin-cash-bch-to-add-dev-tax-in-new-software-upgrade-will-crypto-exchanges-stop-this-takeover
5697  Alternate cryptocurrencies / Altcoin Discussion / [NEWS] How a genius hacker made $350,000 exploiting DeFi on: February 17, 2020, 12:36:57 AM
I reckon that they should begin calling their project CeFi hehehe. The problem is not the project itself. The cryptospace should be encouraged to research and build new experimental projects. However, branding it decentralized if it is centralized is a scam.



A A smart trader has exploited various protocols in the decentralized finance(DeFi) space to net a whopping $350,000 in profits.

As Decrypt reported yesterday, a clever set of instructions—all executed in one big transaction—enabled someone to leverage current weaknesses in the DeFi ecosystem for their own gain. By using several decentralized financial tools, and a small dose of price manipulation, they were able to take home a lot of Ethereum.

He specified that a flash loan of 10,000 ETH was probably to blame. Half of it went into lending platform Compound to borrow wrapped BTC (a version of Bitcoin on Ethereum). The rest was collateral for shorting—betting the price will go down—that wBTC on margin trading platform Fulcrum. The account then sold the wBTC on decentralized exchange Uniswap. The price went down, so the hacker cashed out the short at a profit and paid back the initial loan.

But not only has the hacker exposed how a variety of DeFi tools can be used together to net a somewhat unethical profit, he or she has highlighted just how centralized some of these DeFi tools are.

The platform went on to say that the attacker left $600,000 of wrapped Bitcoin on the exchange. And it plans to take this money and distribute it to other users of the exchange.

But, to do so, it will need to use its "admin key."

"There is currently 600k of wBTC collateral left by the attacker. We will be using this to stream interest and exit liquidity to existing iETH holders. This will be done using our admin key. This is an extremely difficult decision for us that we don't take lightly," bZx added.

Essentially this admin key is hard baked into the protocol and allows bZx to control any of the smart contracts—where the funds are kept—as a last resort.


Read in full https://decrypt.co/19612/how-a-genius-hacker-made-350000-exploiting-defi
5698  Economy / Speculation / Re: Buy only bitcoin or take chances in altcoin casino? on: February 16, 2020, 04:42:17 AM
The thread title is apt.

Bitcoin is an investment.

Altcoins are gambling.

However, that was not the question on the poll.

In anycase, it appears many of everyone who replied will not pass the bitcoin maximalist purity test hehehe.
5699  Bitcoin / Press / Re: [2020-01-31] Senior Adviser / Operator Of The “Silk Road” Website Pleads Guilty on: February 16, 2020, 04:25:21 AM
Quote
CLARK, 56, a citizen of Canada, pled guilty to one count of conspiracy to distribute narcotics, which carries a maximum sentence of 20 years in prison.

So unlike DPR, Variety Jones at least has a chance of dying outside prison walls.

Since he was arrested over four years ago maybe we'll see him making an AMA on /r/Bitcoin in the near future if he gets sentenced to time served only.

You know someone has cooperated with the authorities when he gets out of the case with a minimum sentence hehehe. Also, what they did to Ross was excessive. However, did it scare other criminals from creating their own darknet websites?
5700  Bitcoin / Bitcoin Discussion / Re: Helix tumbler / bitcoin mixer founder indicted for money laundering on: February 16, 2020, 03:38:12 AM
@mk4. Helix might have been advertised on Alphabay as the only recommended mixer by the darknet market site.

Yea, but it was worded as "partnered". There's a significant difference between a service simply being recommended, and both parties actually being affiliated with each other by either literally working together on something, or by paid advertising. For instance I can recommend Coinbase, but it doesn't automatically mean I'm partners with them.

Agreed. The department of justice should state clearly on what for them is a partnership and how they arrived on their classification that Alphabay and Helix are define partners.

This is good, however. This might not be upheld.
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