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5841  Bitcoin / Bitcoin Discussion / Re: Is now Bitcoin being that was supposed to be? on: December 30, 2018, 02:24:00 PM
Bitcoin is whatever its participants agree it is.

It sounds like you want to register a complaint to someone which is perfectly justifiable.

Here is my suggestion.

His Holiness, Pope Francis
Saint Martha House
00120 Città del Vaticano, Vatican City

Please include a stamped addressed envelope and a small gift if you want this problem dealt with promptly. I believe he collects Tamagotchis.
5842  Bitcoin / Press / [2018-12-30] Paxos Hassling Traders Trying to Redeem Stablecoin PAX for Dollars on: December 30, 2018, 02:15:04 PM
https://www.ccn.com/paxos-standard-hassling-ethereum-traders-trying-to-redeem-stablecoin-pax-for-dollars/

An interesting but unsurprising tale.

I dunno why anyone bothers with stablecoins. You may as well stick with real money where you have to deal with professional penises rather than unprofessional ones, but on a seemingly far less regular basis.
5843  Bitcoin / Bitcoin Discussion / Re: Something newbies should know about Bitcoin on: December 30, 2018, 01:27:26 PM
I'd be very interested to know what proportion of newbies went straight to ICO shit that'll never recover vs buying Bitcoin. It's quite possible many of them never gave BTC a second's thought.
5844  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 30, 2018, 11:03:19 AM
Interesting!
What % do we give this ETF of being successful (just an estimate).

I think it's still a particularly large and corpulent

0

myself.

5845  Bitcoin / Press / Re: [2018-12-19] Electrum Wallet Attack May Have Stolen As Much as 245 Bitcoin! on: December 30, 2018, 01:48:40 AM
why not?

Because numpties respond to phone calls from fake bank fraud departments all the time and told to send their money to other accounts for 'safekeeping,'

Similarly you get man in the middle stuff where the bank details of house sales are sent through a hijacked email and off goes someone's money to a scammer.

You'd think that since it's all on their ledger banks would be able to squash moves like this flat immediately but a lot of the time they don't and tell the customer they're on their own. Crypto totally removes that ability, not that they seem to exercise it at present.

This is how it is in the UK where bank transfers are instant and free. It may well be different in countries with third world banking like the US.
5846  Other / Beginners & Help / Re: will work/ help out for merit on: December 30, 2018, 01:10:37 AM
2- if you want Merit use your knowledge to post quality posts, for example make a simple guide for newbies on how to set up their own masternodes , i am pretty sure you will get a lot of merits for posting things you are good at.

Trouble is if you're writing guides for noobs then the chances are they won't have merit to give. The alt section is so goddamn noisy most people don't go in there.

In that scenario people with merit to hand out do occasionally start threads offering merit to posts highlighted by users for consideration like this one - https://bitcointalk.org/index.php?topic=5085605.0

The places I've noticed most merit is handed out are - the meta section, serious discussion/ivory tower, the wall observer thread.

But you won't get it just for showing up.
5847  Bitcoin / Press / Re: [2018-12-19] Electrum Wallet Attack May Have Stolen As Much as 245 Bitcoin! on: December 30, 2018, 01:05:08 AM
also, think about how many people used mt gox as a wallet back in the day, and how many do the same with coinbase today. as adoption continues, we'll be adding older, less tech-savvy people into the mix. that's one of the reasons i expect to see hsbc and bank of america eventually offering deposit accounts in bitcoin.

As banks are closing physical branches and pushing their, quite often totally unwilling, customers into online banking they're becoming far less forgiving of those who fall for online scams. I seem to remember my online banking having some sort of disclaimer about that.

Though this is unfortunate in the extreme I'm sure much more coinage is lost to user gullibility and slackness during login and sending. Bitcoin banks won't address that.
5848  Other / Beginners & Help / Re: will work/ help out for merit on: December 30, 2018, 12:59:33 AM
The only 'work' you need to do for merit is write good posts. Also write good posts in the sections where users with merit to give hang out, which is not the alts section in general.

And it's very doubtful you're going to be paid in trust. You have to earn it. The trust heavy people take it seriously and any hint of someone gaming it is going to be hammered.

5849  Economy / Service Discussion / Re: Tasks for Bitcoin??? on: December 30, 2018, 12:24:44 AM
In general you'll always make much more from conventionally paid work no matter what it is but it does depend greatly on what country OP lives in. A conventional job in the EU is going to pay vastly more than the types of job normally on offer for BTC. It's a very different matter somewhere like the Philippines though.

I'd start off looking at sig campaigns. There seem to be a few revitalised ones. I'd only do ones that pay in BTC. Forget all that 'bounty' shit completely.

And people suggesting trading as a viable career option for everyone are being disingenuous in the extreme. It's gambling and most end up worse off.
5850  Bitcoin / Press / Re: [2018-12-28]Judge Denies Craig Wright's Motion to Dismiss Billion-$ BTC Lawsuit on: December 29, 2018, 11:52:06 PM
There has to be something more in this if it is going ahead.

"The Lawsuit Against Craig Wright for 1.1 Million BTC Moves Forward"

That's what I assumed but it seems that's not the case. If any of this was irrevocable fact we would've known about it for ages.

I guess everyone will make an arse of themselves when they get to the courtroom.
5851  Economy / Exchanges / Re: Cryptopia turning into a scam? on: December 29, 2018, 10:46:22 PM
The reply given is really vague. They are like avoiding to give the exact reasons

That 100 market figure is incredible and an insult to users and developers. There is no way all of them have actual problems. If they're having real problems, and there can't be any other reason, they should come clean now and tell people how they plan to address it, if at all.
5852  Economy / Trading Discussion / Re: List Exchanges Hacked 2011/2018 on: December 29, 2018, 10:41:38 PM
to be honest, I never knew that Mt Gox was an exchange, because I thought it was like a Financial Institution. And more surprisingly, the record of Mt Gox in terms of hacking is truly astounding. Have those who have been in it never learned about the importance of security exchange that must be truly fulfilled? very sad for victims of hacking the exchange above.

When it comes to convenience and volume, ie greed, people are only too happy to throw their doubts away.

Gox was still recommended on the main Bitcoin sites when I first got properly interested in 2013. I spent five minutes researching it - hacked before, passwords revealed in the browser address bar, shutdowns and rollbacks, unregulated in a country thousands of miles from me, who's the guy on the beach ball? - and I went straight to Localbitcoins instead.
5853  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 29, 2018, 10:21:02 PM
lets forget the treehugging crap, conspiracy shit, and talk about crypto, okay? Even when its bs about crypto...  Roll Eyes

How's the weather?

Today where I was it started off quite grey and misty and then it got more misty but it might have been fog and then it started to rain a bit but then I walking around doing some shopping and I got quite hot so obviously the temperature went up a bit but then I got on a train and it seemed cold again and it was raining on the train window but then I saw a bit of sun but then the sun went away again and I started walking from the station and my pants were sticky because I was still a bit hot but luckily I got cold again and they stopped sticking but then it got misty again and I had to drive down the motorway with all the mist and stuff and I wished there was some wind so it would blow away some of the mist but there wasn't any and it stayed misty and now it's dark and I'm not sure what the weather is doing but I'm guessing it's still misty but I can't be sure because I haven't put my head out of the window butimightlaterdependingonwhetheri'minterestedintheweatherbutatthemomenti'mthinkingaboutomorrowsweatherbecauseihavetogoutagainanditsquitehighupandsoiwont beabletoseeanythingbecauseofthemistsoihopeidontcrash.

Anyway,

Mist.
5854  Bitcoin / Press / Re: [2018-12-28]Judge Denies Craig Wright's Motion to Dismiss Billion-$ BTC Lawsuit on: December 29, 2018, 08:49:01 PM
The word "undeniable" here is what strikes me the most. And I would like to ask the community, is it really undeniable that they were involved in Bitcoin from its inception or is it just an example of poor wording?

That document is put forward by the Kleiman family who have a vested interest in claiming there's some money to mud wrestle over. I've never seen any proof from anyone anywhere. I guess they'll also throw in the Gavin Andresen debacle too.

The 'proof' bubbling around somewhere from Craigy was a bunch of Gox addresses.
5855  Economy / Trading Discussion / Re: List Exchanges Hacked 2011/2018 on: December 29, 2018, 08:04:13 PM
People in the know should give a bit more information about each individual hack if they know some background. People may learn from it.

For instance the $500 million Coincheck hack was down to the exchange operators keeping ALL of the stolen funds in a hot wallet. Literally none was elsewhere.

XEM was the currency stolen. XEM has multi sig actually built into its blockchain. It costs nothing, it's a piece of piss to implement, it would've made this hack impossible, yet they chose not to do it. Even if they couldn't be arsed to do that, had they spent $100 on one Trezor this hack would not have been possible.

That's the calibre of people operating exchanges.

80% of the money stolen was their own. The customers got paid back.

And folks should be made aware of Bter. That is now Gate.io. Bter claimed to have had their hosting compromised and then resolved to pay back customers the 7000 or so BTC nicked with some sort of token funded through trading fees. They eventually got bored of that, gave up and were miraculously reborn as gate.io. Presumably the same people are still running it.
5856  Economy / Exchanges / Re: Is Coinbase safe to store currency? on: December 29, 2018, 07:55:52 PM
While Coinbase themselves have never been hacked, no shortage of their customers have and there'll be no protection from them if it happens.

If you have phone based 2FA a determined thief can hijack your sim card. If you have Authenticator based 2FA that's possible to bypass if you're on a phishing site or if you leave your 2FA key lying around.

And ultimately access to whatever you have on there is down to Coinbase's good will. If there's one thing life has taught me it's to never grant someone else power over you.
5857  Bitcoin / Mining speculation / Re: Rumor that Bitmain is going belly up! can't pay its chip builder! on: December 29, 2018, 07:27:20 PM
https://twitter.com/cryptonodon/status/1078947080092102656

https://www.odaily.com/post/5135367

Ever more dramatic tales seem to be popping up. As always in cryptoland the actual truth seems to be rather more sluggish to arrive, if it ever does at all. The above hints at total craterage.
5858  Bitcoin / Press / Re: [2018-12-23]Ethereum Co-Founder Calls ‘the Cryptobottom of 2018’ on: December 29, 2018, 06:56:55 PM
Note he called the crypto bottom of 2018, not the crypto bottom of this entire bubble cycle.

I don't think we've reached our bottom yet, let alone given it a friendly series of squeezes until it lets out a squeal of delight.
5859  Bitcoin / Bitcoin Discussion / Re: Blockchain for Babies? on: December 29, 2018, 06:11:31 PM
I think babies are more interested in slinging their turds across the room.

Crypto for sentient younglings is a very interesting idea though. I can well imagine them creating surreptitious economies below the noses of their parents and then buying the family home and evicting them before they're out of their teens.

Youngsters and permissionless money are an extremely powerful and unexplored combination. There's masses and masses of entrepreneurial spirit that is basically not allowed to do anything until it's well into adulthood.

This project is working on it - https://blog.nem.io/kidlet-will-utilize-nem-technology-in-delivering-its-mission-to-teach-kids-about-blockchain-and-fiscal-management/
5860  Bitcoin / Press / Re: [2018-12-29]Turkish People Tend to Store Funds in Bitcoin Rather Than the Nation on: December 29, 2018, 05:47:28 PM
What a crock of shit.

Turks, like most others, will want EUR or USD. This is no doubt taken from a survey of someone's mates at a Bitcoin meetup somewhere. I seem to recall there were claims of 20% of the Turkish population going Bitcoin crazy.

Riiiiiiiiiiiiight.

https://coin.dance/volume/localbitcoins/TRY

$58,000 dollars in Localbitcoins volume last week. Woah, Nelly.
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