You have to look at it all differently to be honest. Some people are definitely still alive, they just either got rich off the last bull run or maybe just found other things like family etc etc...  Some died like TECHSHARE, Zepher ..., some turned to scammers even they are donators/ VIP members of the forum like Roger Ver; some left the forum because they were tired of drama like Lauda, TMAN; other people left the forum because they are already rich and wanted to enjoy their life & spend more time with their family. Many reasons and we can not know all reasons of many users. |
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It is good to point to the fact that people should not leave coins on exchanges because any exchange can be hacked and because the person do not have complete control over his coins.
To the point But as I shared my thinking, you lose more than on just your cryptocurrency when you KYC and that exchange turns to scam. Scam exchanges double scam you by: stealing your cryptocurrency; stealing your KYC document. |
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What I think should even be of much concern about this forum should be to strengthen its security and safety architecture by enabling 2FA and other stuff that will make account hacks a near impossibility.
It's on going with a SMF patch A concise 2FA/TOTP implementation. It is waiting for approval from theymos as I did not see any confirmation that theymos already approved it. Some sneak peaks from PowerGlove. The password reset screen used to look like this:  Now, it looks like this:  The first time it's likely to be encountered is here:  There's a tooltip on the "OTP" field that looks like this:  by enabling 2FA and other stuff that will make account hacks a near impossibility.
People still lose their exchange accounts with 2FA so with 2FA, your account can be hacked, it is not nearly impossible. |
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I saw your topic and noticed that the thread is now locked. I'm not sure if you locked it or if the moderators did, but generally, you don't need to create a new topic for every thought you want to express, especially if it's related to a previous discussion. It will continue to be created because it is easiest story telling to fish merit. Reason for all these questioning, I have a dream of becoming a long term bitcoin holder but, dreams aren't achieved with words alone, an action is needed for the start up, so I have decided to sell one of my less used phone for the purpose of buying bitcoin.
If you have to sell something to buy bitcoin, you are doing something not too healthy to invest in Bitcoin. Because investment should be done with money you don't need to use in short term or even a bit long term. Capital for investment should be what you don't need and don't have to touch it even in emergency. It means you must have another source of money for emergency already. Now, you sell your phone because you are not regularly using it but what if your current phone is broken and you don't have money to buy a new phone? Will you sell your bitcoin to buy a new phone? Next question, what do you think if you have to sell your bitcoin with loss? |
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What are the repercussions of failing to complete KYC on an exchange?
If you have yet deposited any cryptocurrency to your account on that exchange, nothing is serious because you won't lose any cryptocurrency there. If you already deposited cryptocurrency into your account, you will lose your cryptocurrency if they reject or you fail to complete KYC with more attempts later. One more risk, after you submit your documents for KYC, you lose those documents to that exchange or any third-party entity that is responsible for KYC verification. |
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Grayscale is about to launch a Bitcoin ETF soon. They've recently won a lawsuit in court against the SEC. Other companies (eg: BlackRock) are considering doing the same. Winning that lawsuit does not mean SEC will approve a Bitcoin Spot ETF from Grayscale. People expect more from BlackRock which has very good successful rate from their previous ETF applications, only fail 1 / 600 applications. If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"? How would this positively affect BTC in the long term? Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?
Breaking a current all time high and making a new one before a Bitcoin halving, is unprecedented. I don't think it will happen because I believe in history and also believe that a first Bitcoin Spot ETF approval in the USA will happen in a bull run, after the halving. My thinking is like above but I won't be shocked if what you ask will happen before the halving. We already witnessed a first time, Bitcoin dropped deeper than its previous all time high, during this 2021 to 2023 bear market. In previous cycles, it did not fall below its all time high of one previous cycle. |
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Like on Jochen-hoenicke.de, when fee rate band color hits hot bands like red, it means overpaying. That's not what the colors on Jochen's site mean. The fee bands are simply different colors. There is no color that means "overpaying". Go back to May this year or go back to the end of 2017 and there were plenty of times when you had to pay fees in the red bands to have a reasonable chance of being confirmed within the next few hours. This was not an overpayment, but rather completely appropriate. I agree with you but let me explain why I prefer Jochen-hoenicke.de site again. Even the red bands in Jochen-hoenicke.de don't always mean overpaying but also can means expensive, sometimes they are fee rates you have to pay to get a confirmation quickly (next few blocks), in my view, it is still a red flag (warning) for people. If you are not in emergency to move coins, it's good to sit back, think more about red-banded fee rates and you can wait a few days, weeks to move your coins. With this view, that site and its color design are very helpful. My guess only but likely the person behind that site, actually has clear idea about what colors to use and for what purposes. It's different than mempool.space and how they use colors. Thank you, I don't have skills to do that but your post is damn helpful, I like it.  |
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It is very bad designed, bad organized in fee rate bands' colors. What? First time hearing a bad experience with mempool.space. They're like the most favorite block explorer. Tells you exactly what you need to know, and the styling rocks. What hot and cold colors? Why should high fees be red flag if there aren't overpaying? Nope. I did neither mean about accuracy of mempool.space fee recommendations nor the color in your screenshot. I meant that band colors in their chart and about red flag, overpaying, it is exactly what I meant. Like on Jochen-hoenicke.de, when fee rate band color hits hot bands like red, it means overpaying. For lower fee rates, even you are overpaying, it is still fine because not too much expensive. Compares it to mempool.space, I hope you see difference in their color design. Let me emphasize, I only dislike colors used in their chart. |
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I prefer to use Jochen-hoenicke.de website when I need to check mempools too. Two reasons why I dislike mempool.space website. - It is very bad designed, bad organized in fee rate bands' colors. Their color bands are mixing from hot to cold colors that is annoying already. Moreover, they use hot colors at bottom and cold at top. We know, most expensive fee rates are considered as 'dead' ones. They should use hot colors like red flags. I don't get ideas why mempool.space team designed like that or perhaps they see low fee rates as red flags.
- In the past, their chart is static, not dynamic. Static means when I hover a mouse on their chart, fee rates won't be updated. It is not dynamic like Jochen-hoenicke.de website. Recent months (around 2021 or 2022), they updated their chart to be a dynamic one but I still dislike it because of color bands.
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Before my discussion with you, firstly your English is broken and you must improve it as well as organize your idea and sentence structure better.
Point 1. Just say, invest what you can afford to lose it. Young or old, it is a must prerequisite before investing. If you are old, you can still invest in bitcoin and you can get profit or someone inherits bitcoin from you will get profit. Point 2. You don't have to be a role model or a case study. You should not tell anyone that you got rich, became a millionaire by bitcoin. It's risky for your privacy and safety, don't do this. If you need some case studies, show them cases of serious loss by exchange scam, hacks, data breaches or wallet hacks by using a weak password. [1]Point 3. Not your keys, not your bitcoins. Don't use close source wallets as they can have your private keys. Don't ask any person to create a wallet for you as he will have your private key. Don't use exchange account/ wallet as they have your private key. Generally, when you use a Bitcoin wallet, back up its mnemonic seed or private key. [1] [GUIDE] How to Create a Strong/Secure Password. |
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You don't have to go too far from Beginners & Help board, at top you have a sticky thread: Bitcoin wallets - Which, What and Why?In short, you should use an open source, non custodial wallets. If you can not buy a hardware wallet, you can use free wallet software (should be open source, non custodial wallet) and set up your cold wallet or multisig wallet. Like you can do it with Electrum wallet. Reminder: do not keep your money in online accounts |
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Wall Observer is an important, iconic thread of Bitcointalk but I believe if we do some changes with merit distributions, it should be applied globally on the forum. Wall Observer should not be an exceptional place to apply special rule of merit distributions. Then other threads will need the same and it will lead to endless story. Is it time to consider about demerit? There is currently no such thing as a "demerit". I'm hoping that the positive merits alone will be fine. I could add demerits pretty easily later on if necessary, though.
If hopium does not work, demerit feature should be deployed. I guess demerit can be done with not too big difference than flags. |
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Should this thread be in Off-topic board?
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As @Jawhead999 stated, theoretically everyone can have BTC but in reality, it is impossible for everyone to have Bitcoin or a portion of it. There are limiters and restrictions that make 100% of the population acquire BTC. Just like in the earlier replies, the limitation to access the internet, the illiteracy of one person about Bitcoin, the restriction of a country, and banning Bitcoin, limited access to devices that can process Bitcoin transactions, the interest of the person, and more.
It is impossible for everyone to own 1 BTC for each but it is impossible for them to have a portion of it. Locally Internet access can be unavailable but if a person has chances to move far from local area, getting access to Internet is possible. If you want, you can buy bitcoin from someone you trust even you don't have Internet access locally. Many methods to own bitcoin and the biggest barrier is enlighten yourself to believe in Bitcoin potentiality and start to accumulate it one way or another. Machankura is still lively today! |
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ive seen the security bounty page before (many years ago) but i thought it was denominated in grams of Au instead of USD? or has it always been USD and im just remembering wrong?
Your memory is correct. Security bounties was announced in 2013 and initially rewards are in ounce of gold, exactly as you recalled. Before finding the announcement thread, I checked Wayback machine but the first snapshot was in May 2021 and I actually thought you remembered it incorrectly. May 2021 snapshot with rewards in bitcoin. That was changed years ago.
I am still unsure when it was changed as in the thread, the reward was still in XAU in 2017 and 2018. No announcement from theymos about the change. Added: Extra bountiesThese bounties use a separate system of calculation, but are subject to the same conditions as above. - 1 XAU: Find the email address of user DefaultTrust and explain in detail how you did it. Troy ounces of gold.
My guess, theymos changed it in May 2021 and made that snapshot on Wayback machine. It it was, that makes sense if theymos wanted to award as highest as possible in value for security bounty hunters. As since 2018, price of bitcoin is better than gold and has been continuing to rise more. Risk of dead for Bitcoin has been becoming smaller and smaller. |
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I am here several years and didn't know about this hidden page. Do you know about it? Security bounties. It is added to the list today and hopefully it will help some bounty hunters who are expert in security.  They can report security vulnerabilities in bitcointalk.org & get paid in bitcoin. |
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Ledger wallet is a HD wallet (hierarchical deterministic) and it uses BIP32 for key generation. New addresses generated because address reuse is a bad practice for privacy. The process for HD key generation used by all Ledger devices (and many other HD wallets) is defined by BIP 32.
HD Wallets (BIP-32/BIP-44)
Deterministic wallets were developed to make it easy to derive many keys from a single "seed". The most advanced form of deterministic wallets is the HD wallet defined by the BIP-32 standard. HD wallets contain keys derived in a tree structure, such that a parent key can derive a sequence of children keys, each of which can derive a sequence of grandchildren keys, and so on, to an infinite depth. This tree structure is illustrated in Type-2 HD wallet: a tree of keys generated from a single seed.
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