Relatively simple idea that I think could help to reduce spam quite a bit. When a post is deleted, allow moderators the option of deducting 1 merit. This could be via having two buttons (Delete and Demerit/Delete or DDelete) or something similar. Obviously you wouldn't be able to go below 0 merit.

Delete would be used for deletions that are for relatively minor offences or just for managing topics (e.g. deleting the 'reserved' posts in the art contest thread), DDelete would be for removing posts that are clearly just post farming, trying to meet signature campaign requirements, etc.

And yes, if you lost sufficient merit through DDelete, you could be demoted, although I think this would be incredibly rare considering you'd lose 1 merit a pop.

Opinions? I think it would make people think twice about shitposting and also provide people with a better metric to measure spam than simply "deleted posts" (as posts can be deleted without necessarily breaking forum rules).

Blockchayne, you posted four times in a row in this thread in a short period of time. Irrelevant of what the posts contain there is no excuse for that, it's just spam. Rather than posting consecutively edit your posts into one or a Moderator will probably delete them,

More on-topic, timestamps that aren't verified by an external service (e.g. twitter) are pretty useless. Phone times and the like can be changed easily.

I think it is dishonest that both of you have used online templates and not given credit as to where they originated from. My personal opinion is that if you are using external templates or assets, you should always give credit to those who originally made them.

(sorry to LoyceV, I know you said there are better places to discuss this - this will be my last post on this thread on this topic)

I agree, but that's wholly down to the merit sources. I predominantly give out 1s and 2s because I don't have enough sMerit to give out more than that - I've got 19 right now, which is about what I had when I got back from my hiatus Maybe eventually (months down the road) I'll consider applying to be a merit source in Project Dev as there are posts there that I wish had more merit. (yes I will put em in the merit source thread soon)

Really I think that a gentle sMerit decay would be a good idea to spread merit out more evenly. People who aren't merit sources are pretty limited in their sMerit and so there's a mental block to giving it out, as it might be a while until you can 'stock' your reserves back up.

Honestly, this list to me just backs up my belief that the merit requirements are too high right now. We're going to have a pretty bad lack of people ranking up to Sr. Member/Hero Member/Legendary over the next few years if the requirements aren't decreased. That's got a few problems with it but the main one in my opinion is that it will make account selling even more lucrative for accounts that had high ranks prior to the merit requirement being introduced.

That's 16 low-ranked members earning 20 or more merit per month, most being around the 20 mark. If they consistently keep getting 20 a month, that's still 50 months to hit Legendary - so even for that small number of people who are doing well for themselves, it's still a very considerable amount of time.

Right now Full/Sr/Hero/Legendary is 100/250/500/1000, and as I've stated before I think it should be 50/200/400/750 personally, or something around that.

It's all fun and games until that trick doesn't work mate. It's gambling. It's not funny when someone puts their life savings or their house into Bitcoin and they lose 60% of their money, or hundreds of thousands or dollars. It's well documented and it's happened many times. For every person who does well there's a person who does badly.

I'll re-iterate, it's gambling, and to encourage people to do it as a sound investment is dishonest.

This is just a shitpost being used by people to farm posts for signature campaigns You can easily see this by looking at the last ~20 posts on this thread, one guy even triple posted with 3 posts in ~10 minutes. Not saying that all of them are post farming, but most are.

There is absolutely no chance that anyone would be silly enough to sell their house to invest in altcoins. Theoretically if you did actually have 110k from selling your house, I would suggest rather than investing 20k into 5 altcoins and 10k into XRP, perhaps re-investing that 110k into a house that you can actually live in...

My bad, but you are being a dick by calling me a Yobit spammer, and I'd appreciate you not lumping me in with them like that when I spend a considerable amount of time trying to reduce spam on this forum. My posts are what I consider to be high quality and I'm proud in that they normally attract a decent amount of merit. Literally the only thing wrong with my post is that I said he stored his money on a web wallet rather than exchange, which was down to a slip in my mind because this is in the Web Wallet secton, a quick edit will fix that.

The advice still applies for using exchanges. 2FA + password manager (which you skipped over in your now-edited post), and he should not store 25k on an exchange either.

Nor is the topic what I'd call 'dead', it was on the front page of the section. Sort out your attitude please mate.

---

I disagree with the below post and I think the argument being made is ridiculous, as my post made comments that had not been made on the thread, but I'm not going to start postfarming and spamming up a thread with an off-topic argument. Thanks.

I don't think that everything needs to be multisig. If you intend to market this to the public, having a multisig system is going to add a lot of technical complexity for both the tenant and the landlord. In a lot of places, real estate rental has long since moved away from the system of cutting your landlord a check each month, and instead has changed to direct deposits and the like. Who wants to have to manually sign their rental transactions every single month and tie up their money?

The only thing that I think multisig could be useful for is holding a deposit.

I never said any of that. Please don't try to associate me saying that a guy should not invest a silly amount of money into Bitcoin with me saying that Bitcoin has no potential.

Yes, we are in the beginning of digital currencies. Personally I believe Bitcoin will persist and do well for a long time, but I don't think we're going to be seeing a million a coin. Keep in mind there will be many other cryptocurrencies which rise and fall, and crypto as a whole right now is not just Bitcoin but also Ethereum, etc. I believe that in ten years time there will be around 3 main cryptos which have 'survived', of which Bitcoin will likely be the 'main', but I think the difference between the market caps of Bitcoin and whatever the 'main' altcoins are will be much lower than they are right now by that time.

Bitcoin is far too volatile and it will be far too long until it stabilizes for people to put life-changing amounts of money in it now.

I mean, I literally gave four examples two posts above your one which detail servers that have successfully used Bitcoin economies (BitVegas especially had a silly amount of money running through it), so asking whether or not there is an audience for it shows that you have failed to read any replies to this topic. There is definitely a reasonably large adult audience for Minecraft still, and there is a significant enough proportion of people who both use Bitcoin and own Minecraft to make projects relating to both worthwhile.

Around the time that YoBit's signature campaign wallet went dry, I noticed that scammers had started to privately message users who had mentioned that withdrawals were not working in YoBit's trollbox; my assumption is that anyone who talks about any kind of issue in the trollbox gets these kinds of messages. In these messages they ask if their problem has been solved, and 'kindly' inform them that there are no admins online except 'Matveevka' and to email this admin at a given address.

Obviously, this is a scam. To investigate what they were trying to do, I gave them one of my lesser used email addresses. The email contents ask you to deposit 0.1 BTC, create a code, and send it to them for 'verification':



I'm surprised they ask for so much, but they must be catching people out regardless else I am sure they would decrease the amount they ask for. Stay vigilant, I have no doubt that if they asked for something more believable such as 0.01 BTC, people would be caught out.

Let this be a lesson to anyone reading this thread.

Ideally, if you must use an exchange to store money, use a password manager and 2FA at a minimum. But either a hardware wallet or any form of cold storage on an airgapped device is ideal for that sum of cash, and you can reduce risk by transferring smaller amounts onto an exchange, performing trades, withdrawing to a wallet you control, and repeating.

I highly doubt that you'd have willingly stored 25k euros on PayPal, yet you stored 25k euros on something even less respected - unfortunately you will never be able to trace that Bitcoin properly, even if it hasn't been fed through mixers it's unlikely that following the trail will give you any form of a lead.

Honestly I agree with you. Right now if you see a CryptoTalk signature you just sigh and assume the person posting is going to have nothing of value to say. It's not a good look for their forum as it implies that there will be nothing of value over there either. Meanwhile if you see a ChipMixer signature you immediately know that the person knows what they're talking about, is relatively trusted, etc.

Realistically improving the quality of their posters will do a lot from them. High-quality, engaged posters will generate the most revenue and organic activity for them, and they will never go over to CryptoTalk with how the signature campaign makes it look currently.

I've popped a PM over to yobit myself rather than expecting yahoo to as I'm sure he regularly communicates his concerns to them, and see what they respond.

This is inspired by LoyceV's Pretty Addy giveaway, but instead of giving out 1... addresses, this will be for segwit addresses - either Segwit-P2SH (3...) or native segwit (bc1q...).

Why use segwit addresses? Lower fees, basically.

Which is better? Native segwit (bc1q...) addresses have the lowest fees but are not supported everywhere, and cannot contain certain characters. All letters are also lowercase in native segwit addresses. Segwit-P2SH (3...) addresses have slightly higher fees than native segwit (still much lower than vanilla 1... addresses), but are supported in more places and don't have the same character restrictions, although your address has to be within a certain range.

Is it safe? You will need to download VanitySearch to your own machine and generate a split-key pair. You'll give me your public key, saving your part private key to a safe area and revealing it to no-one. I will then use the public key to find the second part private key which will yield your desired address, and you will combine them to get the private key to your desired address. Tutorials for this are lower down in the post, it is relatively simple.

All part private key generation is done on a machine that blocks all outbound traffic. Even if it was 'compromised', you should be safe as long as you do not reveal your part private key to anyone.

If I'm downloading VanitySearch, why don't I just find the address myself? Because it would take a long time, and for the less technically-inclined, generating a split-key pair is much easier than generating a whole vanity address yourself, waiting many hours, using up valuable CPU/GPU time on your machine, etc. Generation is done on one of my disposable machines, with 12 available cores.

Limitations on Segwit-P2SH addresses
- Will always start with a 3
- Cannot contain O, I, 0 or l (lowercase L)
- Can only generate addresses in the range 31h1 to 3R2c.
- Look at this line to see how characters are organised for the range: 123456789ABCDEFGHJKLMNPQRSTUVWXYZabcdefghijkmnopqrstuvwxyz.
- If you have questions about whether your address can be generated feel free to ask myself or another person on the thread

Limitations on native segwit addresses
- Will always start with 1bcq
- Only 023456789acdefghjklmnpqrstuvwxyz allowed
- Lowercase only

Overall Limitations
- Anything under 500,000,000,000 (500 billion) difficulty is free, tips appreciated, or any other way of showing your appreciation. Even a thanks is nice
- Generally every prefix 7 characters or less will be under 500 billion difficulty and therefore free, and 8 characters will incur a cost. Keep in mind 500 billion difficulty still requires a decent chunk of time to work through so don't request a 7-character for the sake of it!
- Addresses with greater difficulty than 500b require a minimum 0.00005 BTC payment per 100 billion difficulty
- Example:
Search: bc1qdmdcardz (8 character prefix)
Difficulty: 1099511627776
Charge: 1,099,511,627,776 / 100,000,000,000 = 10.9951 * 0.00005 BTC = 0.000549755 BTC

Generating a split-key pair

1. Download VanitySearch.exe
2. Either: Go to the folder where you have stored this executable, Shift+CTRL+RightClick and open a command prompt there, or open 'cmd' manually and navigate using cd to the directory where you have stored this executable.
3. Come up with a seed, minimum 10 random characters, preferably more
4. In the command prompt, type
5. Save the generated Priv+Pub key pair into a text file called "keypair.txt" in the same directory as your VanitySearch.exe
6. Post on this thread, using the following format:


Constructing your new address private key

1. Copy the part private key I give you after generation is finished
2. Go to the same directory as before in command prompt
3. Type the following in CMD, replacing partprivkey with the part private key I gave you:
4. Save the private key that is outputted. For instance, for importing into a Bitcoin wallet, you'll normally want the WIF format.

Donation/payment address: bc1qd0nateyalxs6ugd9f3uutsh4lfwvza0ns0tsm4

Should have probably given a source, thanks for reminding me - far too many people on this forum never give sources for anything they say nowadays


I do wonder what the budget is now that they've refilled the wallet. Now that the BTC price has rallied to $8500 (temporarily at least), they're definitely bleeding money super quick...they're absolutely draining their coffers by thousands of dollars a day at a minimum. Very brave strategy, let's see if it pays off for em I suppose.

Silly question. Why does thinking Bitcoin is a sound investment have to be a requirement to be part of the community? I love the technology, and I think Bitcoin is an amazing invention that will survive for a long time. But I don't think it's an investment. It should be used as a means of exchange and used by people who believe in its future, but not people who only look for an upward trend in its price graph.

It's not something that should be an 'investment', just like I wouldn't call gold an 'investment' (I'd call it a hedge). The price fluctuations as demonstrated today are part of that.

Insane rally going on right now, but I'm willing to bet that tomorrow it'll drop down to 8000 or even lower again. There's not really anywhere near enough volume on the Bitcoin markets at any one time to give any semblance of a stable price. That's why Bitcoin is not something I'd consider an 'investment'

Please don't do this.

If you are one of the people who genuinely believes that Bitcoin will rise to insane levels, you should not need to put a "good" chunk of your savings into Bitcoin. A small but noticeable amount should suffice. Putting in a large amount of money is just exposing yourself to silly levels of risk. Bitcoin could easily crash to low levels tomorrow - not necessarily dying, but it could spend years at a significantly lower level than it is right now, or even permanently remain there.

There's no point in sacrificing your financial security on a bet that Bitcoin will rise to insane levels in the future. Unfortunately the best time to get in was a long time past, and I don't believe in the mantra that "the second best time is now". Invest a small amount if you really believe it will shoot to insane levels - if you're right, your investment will still pay off a reasonable amount, if you're wrong, your financial situation won't be seriously damaged.

No, I wouldn't. I don't like investing large amounts of cash into Bitcoin. Right now I'm accumulating but that's only with Bitcoin I earn through doing jobs rather than by investing my own cash, because there's an insane level of risk in it.

You would be stupid to jeopardize your financial security for the next three years and force yourself to have to live off beans on toast because you wanted to bet on a volatile asset. Bitcoin could easily drop to $3000 tomorrow and stay there for a year - that's over half your money shaved off, and I can guarantee 95% of these 'hodlers' on the forum who got into the community after Bitcoin breached 4 figures would crap their pants and panic sell in a scenario like that.

Yeah, withdrawals are working now. I assume they refilled the wallet.

I was fairly shocked to read what yahoo wrote about their budget - 10 whole BTC for the first month? I knew they were putting a lot of money into this but $75-80k a month is an insane budget, not to mention the fact that they've overrun that...I wonder where they're pulling these funds from because I didn't think Yobit was making that kind of money.