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61  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 12, 2023, 07:10:23 AM
Didn't see this mentioned yet:

We discovered a cryptographic weakness in the widely utilized Libbitcoin Explorer (bx) cryptocurrency wallet tool while following up on mysterious wallet thefts.
The bx seed subcommand for generation of new wallet private key entropy is flawed and produces insecure output.

<snip>

-> https://milksad.info/
-> https://cve.mitre.org/cgi-bin/cvename.cgi?name=CVE-2023-39910
-> https://libbitcoin.info/



Do we have a list of compromised wallets?

*trying to catch up.

Didn't see a list so far and libbitcoin says it advised against using 'bx seed':

..
Cointelegraph reached out to Libbitcoin Institute member Eric Voskuil for comment. In response, Voskuil stated that the bx seed command "is provided as a convenience for when the tool is used to demonstrate behavior that requires entropy" and is not intended to be used in production wallets. "If people did in fact use it for production key seeding (as opposed to rolling dice for example) then the warning is insufficient," Voskuil stated. In that case, "We'll likely make some change within the next few days to strengthen the warning against production use, or remove the command altogether."
..

The same article lists a few wallets/apps:

..
According to its official website, it is used by “Airbitz (mobile wallet), Bitprim (developer interface), Blockchain Commons (decentralized wallet identity), Cancoin (decentralized exchange)” and other applications. SlowMist did not specify which applications that use Libbitcoin, if any, are affected by the vulnerability.
..

-> https://cointelegraph.com/news/newly-discovered-bitcoin-wallet-loophole-let-hackers-steal-funds-slow-mist
62  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 10, 2023, 11:40:57 AM
Didn't see this mentioned yet:

We discovered a cryptographic weakness in the widely utilized Libbitcoin Explorer (bx) cryptocurrency wallet tool while following up on mysterious wallet thefts.
The bx seed subcommand for generation of new wallet private key entropy is flawed and produces insecure output.

<snip>

-> https://milksad.info/
-> https://cve.mitre.org/cgi-bin/cvename.cgi?name=CVE-2023-39910
-> https://libbitcoin.info/

63  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 07, 2023, 02:33:56 PM
fair warning guys im loaded on pain meds from a back fusion.. and just as i recall when i was addicted to opioids many many decades ago, that pain relief can come with an unholy cost. glad i (just barely) beat it then. hope to beat it again and be off the opioids in a few more days.

so who knows what degen thoughts may leak out into any post i may or may not make in the next few days.


Very sorry to hear and can relate..
Take care and get well soon!
64  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 06, 2023, 09:07:20 AM
Chartbuddy interruption, intentionally left blank.
65  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 04, 2023, 09:41:44 AM
My body is ready for up only season.


@rektcapital
Only 8 months left until the #BTC  Halving

After that, $BTC will most likely enjoy parabolic Post-Halving upside

In the meantime, there is scope for at least one or two deeper BTC corrections

We're slowly running out of Pre-Halving retracement opportunities
https://twitter.com/rektcapital/status/1687037871822147584

This is going the most monitored halving ever. A lot of money is expecting a bull run until 6 months after halving. I am not sure how can we have severe retracements, even if as usual mixed feelings here: opportunity to stack more sats, bitcoin just being bitcoin vs the joy of seeing hyperbitcoinisation a little bit closer.

I think we were robbed of a parabolic, blow off top in 2021. The macro financial, worldwide situation due to COVID and China banning bitcoin at such a pivotal moment in the bull run stopped us going to over $100,000 imo.

This time we have multiple probable Spot ETF approvals by big players. I hope I’m not being deluded when I say, I think $180,000 to $250,000 is likely in 2025 at some point.

Life changing money, brother.

I also think a big part of the lack of blow off top was all the scam exchanges, lending companies, and other fucktards selling off all the bitcoin of their clients to buy shitcoins instead.

These are certainly all valid reasons for the way the price developed after the last halving, though I wouldn't too quickly discount the fact that with every halving the amount of reductions is also 50% smaller, hence I believe (as others already said here) the effect of the halving we will see will be weaker with every new halving. I believe this will somewhat flatten the curve (pardon the pun) over time and therefor the following "winter"/bear season might also not be as cold as it was in the past, so to speak.

With the 1st halving the daily new BTC supply was reduced by 3600 coins
With the 2nd halving the daily new BTC supply was reduced by 1800 coins
With the 3rd halving the daily new BTC supply was reduced by 900 coins
The next halving will reduce the daily supply "only" by 450 coins (only 12.5% reduction of the first halvings reduction!)

Ofc I'd love to see the price to go the moon in the next bullrun and growing adaption and the much touted ETF thingies might offset the above described effect of weaker halvings to some degree.
We'll see, but I consider everything 6-figure ATH in the next two years as perfectly fine for my expectations. (Could perfectly live with a 300k ATH too, no problem there  Grin)


Hard disagree here with you psycodad because when you look at the halving in USD terms it is substantial:



Assuming the price of the next halving is at 30k as in the table above, that is a decrease of 13.5 million USD value daily. That is big, and far bigger than in the past. The halving effect will continue to be a big deal IMO.

You certainly have a good point there too, but that also means it takes a fuckload more fiat to lift price by any given percentage (compared i.e. to when it was $12).

It's all hypothetical at this point, quite probable none of us got it right, but I am highly confident it will keep going up for ever Laura somac.  Grin

And to reiterate that, I am highly bullish for next 2 years but I'd rather prefer to be positively surprised with my expectations than being disappointed (as in last cycle).
66  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 03, 2023, 01:46:11 PM
My body is ready for up only season.


@rektcapital
Only 8 months left until the #BTC  Halving

After that, $BTC will most likely enjoy parabolic Post-Halving upside

In the meantime, there is scope for at least one or two deeper BTC corrections

We're slowly running out of Pre-Halving retracement opportunities
https://twitter.com/rektcapital/status/1687037871822147584

This is going the most monitored halving ever. A lot of money is expecting a bull run until 6 months after halving. I am not sure how can we have severe retracements, even if as usual mixed feelings here: opportunity to stack more sats, bitcoin just being bitcoin vs the joy of seeing hyperbitcoinisation a little bit closer.

I think we were robbed of a parabolic, blow off top in 2021. The macro financial, worldwide situation due to COVID and China banning bitcoin at such a pivotal moment in the bull run stopped us going to over $100,000 imo.

This time we have multiple probable Spot ETF approvals by big players. I hope I’m not being deluded when I say, I think $180,000 to $250,000 is likely in 2025 at some point.

Life changing money, brother.

I also think a big part of the lack of blow off top was all the scam exchanges, lending companies, and other fucktards selling off all the bitcoin of their clients to buy shitcoins instead.

These are certainly all valid reasons for the way the price developed after the last halving, though I wouldn't too quickly discount the fact that with every halving the amount of reductions is also 50% smaller, hence I believe (as others already said here) the effect of the halving we will see will be weaker with every new halving. I believe this will somewhat flatten the curve (pardon the pun) over time and therefor the following "winter"/bear season might also not be as cold as it was in the past, so to speak.

With the 1st halving the daily new BTC supply was reduced by 3600 coins
With the 2nd halving the daily new BTC supply was reduced by 1800 coins
With the 3rd halving the daily new BTC supply was reduced by 900 coins
The next halving will reduce the daily supply "only" by 450 coins (only 12.5% reduction of the first halvings reduction!)

Ofc I'd love to see the price to go the moon in the next bullrun and growing adaption and the much touted ETF thingies might offset the above described effect of weaker halvings to some degree.
We'll see, but I consider everything 6-figure ATH in the next two years as perfectly fine for my expectations. (Could perfectly live with a 300k ATH too, no problem there  Grin)
67  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 24, 2023, 04:18:17 PM
Crypto Market News:

Having been born out of a market recession back in 2009, the Bitcoin market has always had correlation with the stock market in the past decade. Basically, the Bitcoin market is in a bull session when the S&P 500 is under a bearish outlook and vice versa. As a result, popular cryptocurrency analyst Jason Pizzino expects Bitcoin to experience significant difficulty rallying beyond $31k and the S&P 500 continues to enjoy a bullish outlook.

From a technical standpoint, the analyst argued that Bitcoin is about a year away from revisiting its ATH of around $69k. Meanwhile, Pizzino argued that the Bitcoin market will continue to consolidate below $50k. However, the analyst noted that the Bitcoin market has little chance of falling back below $20k fueled by increased demand from both retail and institutional investors.

Bitcoin Market Outlook
The Bitcoin market has faced a short-term resistance level of around $31k following an increased bullish outlook from the altcoin industry in the recent past, fueled by the SEC vs Ripple case. Unless the Bitcoin bulls take over from current levels, experts believe the asset is headed to the support level of around $28k. Notably, Bitcoin dominance had dropped below 50 percent on Wednesday despite the top coin steadily holding above $30k in the past 24 hours.


Because the source is missing and I have some qualified doubts you are the author of said piece I have taken the freedom to report your plagiarism:

https://bitcointalk.org/index.php?topic=1926895.msg62596409#msg62596409
68  Other / Meta / Re: Report plagiarism (copy/paste) here. Mods: please give temp or permban as needed on: July 24, 2023, 04:16:25 PM
Copy paste merit whoring, please ban:

Crypto Market News:

Having been born out of a market recession back in 2009, the Bitcoin market has always had correlation with the stock market in the past decade. Basically, the Bitcoin market is in a bull session when the S&P 500 is under a bearish outlook and vice versa. As a result, popular cryptocurrency analyst Jason Pizzino expects Bitcoin to experience significant difficulty rallying beyond $31k and the S&P 500 continues to enjoy a bullish outlook.

From a technical standpoint, the analyst argued that Bitcoin is about a year away from revisiting its ATH of around $69k. Meanwhile, Pizzino argued that the Bitcoin market will continue to consolidate below $50k. However, the analyst noted that the Bitcoin market has little chance of falling back below $20k fueled by increased demand from both retail and institutional investors.

Bitcoin Market Outlook
The Bitcoin market has faced a short-term resistance level of around $31k following an increased bullish outlook from the altcoin industry in the recent past, fueled by the SEC vs Ripple case. Unless the Bitcoin bulls take over from current levels, experts believe the asset is headed to the support level of around $28k. Notably, Bitcoin dominance had dropped below 50 percent on Wednesday despite the top coin steadily holding above $30k in the past 24 hours.

No link provided at time of post, but this URL matches word by word:

https://coinmarketcap.com/community/articles/64b79349dd0b3122c9cf2335/

The post Crypto Market News: When Will Bitcoin Price Hit ATH? 2023 or 2024? appeared first on Coinpedia Fintech News

Having been born out of a market recession back in 2009, the Bitcoin market has always had a correlation with the stock market in the past decade. Basically, the Bitcoin market is in a bull session when the S&P 500 is under a bearish outlook and vice versa. As a result, popular cryptocurrency analyst Jason Pizzino expects Bitcoin to experience significant difficulty rallying beyond $31k and the S&P 500 continues to enjoy a bullish outlook.

From a technical standpoint, the analyst argued that Bitcoin is about a year away from revisiting its ATH of around $69k. Meanwhile, Pizzino argued that the Bitcoin market will continue to consolidate below $50k. However, the analyst noted that the Bitcoin market has little chance of falling back below $20k fueled by increased demand from both retail and institutional investors.

Bitcoin Market Outlook
The Bitcoin market has faced a short-term resistance level of around $31k following an increased bullish outlook from the altcoin industry in the recent past, fueled by the SEC vs Ripple case. Unless the Bitcoin bulls take over from current levels, experts believe the asset is headed to the support level of around $28k. Notably, Bitcoin dominance had dropped below 50 percent on Wednesday despite the top coin steadily holding above $30k in the past 24 hours.


<snip>
69  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 20, 2023, 05:54:54 AM
R.I.P. Kevin Mitnick.
The godfather of social engineering passed away on 16th with pancreatic cancer.
70  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 10, 2023, 01:15:35 PM
TootRoot is a badass security vulnerability in Mastodon for any of you guys on it make sure to get the server patched right away or get pwned.

Thanks for the heads-up, that is indeed a pretty serious exploit/bug..
Updating my instance reminded me of how much I hate the whole ruby-on-rails mess.

Would have been a good moment to quit Wokistan (aka the Fediverse) for good, but then again my ego doesn't too easily surrender to security problems so I'll probably rage-quit it at later point in time  Grin
71  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 02, 2023, 05:00:20 PM
OT: Did Elon just effectively shut down Twitter? I can't reach any of the tweets I want to see. Is this somehow France-related?
Alternatively, if he wants to make it a closed little pond, good riddance.

 
    Elon Musk said Saturday that Twitter users will only be able to read a certain number of posts per day due to “extreme levels of data scraping” and “system manipulation” on the platform.
    Many users who tried to access or post content on Twitter’s website or mobile app Saturday were met with a “Rate limit exceeded” or “Cannot retrieve tweets” error message.
    As of 11 a.m. ET, more than 7,300 people reported issues with Twitter to the website Downdetector.

-> https://www.cnbc.com/2023/07/01/thousands-of-users-report-problems-accessing-twitter.html

Though in all fairness it seems you have already 'viewed' 600 tweets in 24 hrs, with all due respect may I suggest to take a break and go out for a walk  Grin
72  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 30, 2023, 02:30:16 PM
Watching the 'peaceful' protests unfold in my neighbouring country France I wonder if Prigozhin should ask the french next time on how to properly overthrow a government. /s

Though in all seriousness, it looks like something very bad is brewing there, not looking good at all r/n.

-> https://twitter.com/search?q=%2523FranceRiots


 Dammit!  It seems like something bad is brewing at Twitter as well.  I'm being coerced to sign up in order to view the content but I've only ever wanted to be a passive listener; guess I'm done with Twitter now too (for the second time).  Oh well, it happened before; I guess I should have expected it.
 
 France is always in some sort of turmoil but the protests seem to be getting more and more violent.   I wonder if this isn't instigated by the west for France's position on keeping an open diplomatic channel with Russia after the Russian army entered Ukraine or maybe for openly calling out NATO as brain-dead.



Sorry for the Twitter link, I'd normally refrain from linking to that site but it seems MSM is not really covering the riots for the moment. Even Macron himself thought it to be more appropriate to dance at an Elton John concert rather than addressing the riots in almost every larger city and the fact that public transport has been suspended in the whole country yesterday. He might possibly declare martial law tonite after a meeting with his security council.
73  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 30, 2023, 01:15:20 PM
Watching the 'peaceful' protests unfold in my neighbouring country France I wonder if Prigozhin should ask the french next time on how to properly overthrow a government. /s

Though in all seriousness, it looks like something very bad is brewing there, not looking good at all r/n.

-> https://twitter.com/search?q=%2523FranceRiots
74  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 28, 2023, 03:31:27 PM
good old germany Grin



The 11.5% for Switzerland are complete nonsense.
There is no crypto tax, there is only a property tax where crypto coins are added (based on an average fiat worth that the tax admin sets yearly) to your other properties and this tax is almost always in the very low single percentage figures (~1-5%).
Trading gains are tax free too as long as they do not classify one as professional trader (which would simply lead to paying income taxes on the gains).


Is it even possible to talk about a single tax on cryptocurrencies throughout Switzerland, when in fact each canton has different tax laws? As far as I know, in Switzerland cryptocurrencies are classified as movable property. But some cantons made them a subject to income tax, some - to capital gain tax, some to wealth tax, and some even to value added tax. And all this taxes are different.

As far as I understand and know, it counts as moveable property in every canton and is exclusively subject to wealth tax which is federal tax law (1). It's just that the wealth taxes % differ quite a bit over different cantons (the poorer and more rural the canton, the higher the wealth tax).

If you mine (possibly applies to staking too), it is income and has to be declared as such, otherwise there is no canton charging income tax on any capital gains of private persons.
So my understanding is rather, the law is everywhere the same, the rates/percentages asked differ from canton to canton.

(1) sorry, no english version available but ofc french and italian: https://www.estv.admin.ch/estv/de/home/direkte-bundessteuer/fachinformationen-dbst/kryptowaehrungen.html
75  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 27, 2023, 09:25:16 PM
good old germany Grin



The 11.5% for Switzerland are complete nonsense.
There is no crypto tax, there is only a property tax where crypto coins are added (based on an average fiat worth that the tax admin sets yearly) to your other properties and this tax is almost always in the very low single percentage figures (~1-5%).
Trading gains are tax free too as long as they do not classify one as professional trader (which would simply lead to paying income taxes on the gains).
76  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 21, 2023, 04:16:44 PM
By the way,..... I would like to mention:

Some of you may know that a bit over a week ago, Binance US had stated that it may lose its banking services, so it suggested that either people withdraw their USD or convert them over to USDT.

<snip>

Thanks for sharing and congrats to the free corn.
Serves me as a reminder to not deplete my sell ladder too much and find a good balance between being ready to profit from such jumps and keeping corn in my own wallets.
77  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 21, 2023, 04:13:03 PM
Have your 30k memes ready gents.
78  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 20, 2023, 01:18:19 PM
What was the saying again?

First they ignore you, then they ridicule you, then they fight you, and then you win they join you.

I guess we're now and the end of fighting and the beginning of winning/them joining:

Germany’s largest banking institution, Deutsche Bank, has reportedly applied for a digital asset custody license to the country’s financial regulator, the Federal Financial Supervisory Authority, or BaFin, in a bid to expand its revenue streams, Bloomberg reported.
..
While Deutsche Bank has been critical of Bitcoin and the crypto market’s volatility over the past few years, its tone toward the industry has altered in 2023. In February, Deutsche Bank Singapore, in partnership with Memento Blockchain, successfully completed trials for a tokenized investment platform called Project DAMA (Digital Assets Management Access).
..

-> https://cointelegraph.com/news/deutsche-bank-applies-digital-asset-custody-license

Not that I'd endorse 3rd party custody of coins but experience tells me, self custody is not for everyone and it certainly means more adoption.
79  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 02, 2023, 06:37:17 AM
Sounds like a brilliant idea to have an AI control a drone:

"The system started realizing that while they did identify the threat, at times the human operator would tell it not to kill that threat – but it got its points by killing that threat. So what did it do? It killed the operator. It killed the operator, because that person was keeping it from accomplishing its objective."

<snip>

"We trained the system – 'Hey don't kill the operator – that's bad. You're gonna lose points if you do that'. So what does it start doing? It starts destroying the communication tower that the operator uses to communicate with the drone to stop it from killing the target," the colonel added.

-> https://www.theregister.com/2023/06/02/ai_drone_simulation/

I can't help but hear this synthetic voice in my head, saying "I am sorry Dave, I can't let you do that."
80  Other / Meta / Re: [Script] Imgur to TalkImg - automatically fix your broken images on: May 14, 2023, 04:45:40 PM
Imgur to TalkImg - automatically fix your broken images

<snip>

Thank you very much for your effort, worked like a charm.
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