This guy is talking about predatory behavior in Crypto currency, but this behavior is common all over Wall Street. If you ever watched the movie, "The Wolf of Wall Street" then you would know what I am talking about. Institutional traders and people in the Banking industry are full of sociopaths, narcissists, or psychopaths. You have to be, if you deal with Billions of Dollars of pensioners funds. This is nothing new, you can even watch "Boiler Room" (2000) to see how predators are conning other clueless people out of their hard earned savings.  |
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I think the best proof of this is the solving of the " Byzantine Generals Problem" to establish trust. If you do not know what it is, go read more about this here - https://en.wikipedia.org/wiki/Byzantine_fault and how Bitcoin supposedly solved it, https://coincentral.com/byzantine-generals-problem/You can also say it is the source of truth, because nothing is hidden, once it is included in the Blockchain. If you can identify the person behind the token, then you can track every transaction that has ever made with that token.  |
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So weeks ago I lost over 20k USD in Crypto.
I had all the private keys, passwords, etc saved in my email draft & I had 2 fa SMS verification didn't know that someone can break it easily. Ended up losing all my savings. Don't use sim verification ever it's pointless there are multiple ways to break it.
If you can afford then buy a hardware wallet. and if you can't then don't store your important data online or anywhere connected to online.
Write down on paper secret codes & keys.
Use different passwords.
Again be very careful with security, If you keep anything online then you're putting yourself at risk.
You already made one mistake by storing your Crypto information online and you are about to make a second mistake by following your own advice, namely : "Write down on paper secret codes & keys." Just remember one thing, paper is a very vulnerable material and it can get damaged by water, direct sunlight and even someone cleaning the house and throwing it away by accident. If you have to write or print it, make sure you laminate it and store it away from direct sunlight. Also make sure you have duplicate copies and it is stored in 2 or more separate locations for some redundancy. <Your house might burn down>  |
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Do you remember that the exact same thing happened on multiple exchanges when the Bitcoin price was at it's all-time-high back in 2017. The exchanges excuse : Trading platform could not handle the high volume traffic.  I think it is totally BS and these exchanges and trading platforms do this on purpose to prevent a mass dump or panic sell scenario. They know the bots will go crazy and it will trigger a dump, so they crash the system until things have returned to normal. |
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Guys, I am curious to know the profitable strategy for the Limbo game. If anyone can share the experience how to make a decent strategy except the martingale and useless doubling the money management, please share your game tricks. I have read the Stake forum but the contributors usually discuss the outcome of an event with the risky money management.
Whoever claims that there are a profitable strategy for any of the games are a liar. The house always win and if there were a winning strategy, do you think people will share that with other gamblers? They will keep the secret for themselves, because they know someone must lose money for them to win. In any way, as soon as the casino realize that one gambler are constantly winning, they will block the account to investigate to see if this is cheating or just one lucky bastard. The other thing is the casinos will not operate at a loss, so they will quickly pick up if one gambler are eating into their profits.  |
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A sucker is born every day. A mining contract is part of the Cloud mining/Ponzi schemes that are going around and many people see the Bitcoin symbol and think they are actually buying bitcoins. It is sad how these scams are flourishing on popular eCommerce websites like this. As a Bitcoin community, we should stand together and report scams like this to protect the gullible people from themselves or they will get scammed and subsequently blame the technology again. |
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Could be many reasons for that movement. A whale might have used that BTC to manipulate prices and he/she just wanted to withdraw it to make sure he has full access to it when the market goes crazy. We know exchanges find some reason to temporarily shutdown their services when huge price movements takes place, so it is natural for the whales to move coins to cold storage in times like this. It could even be a Chinese miner that is moving his hoard off exchanges (because they are targeted in China) and just moving it to cold storage. Luckily for us, Bitcoin is pseudo anonymous, so nobody will know what people's trading strategies and personal finances are.  |
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Just a quick reminder and warning. The scammers increase during Black Friday, because they know people are blinded by large discounts. So they will use the Black Friday specials as a distraction to sneak in a Phishing site. So you see 60% discount on a Trezor wallet and you see they have limited stock available and you click quickly on the link in the email. Do not fall for this, because you are greedy. Check your links and do not click on any url links in emails send to you. |
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Just to be clear... Do you want some chat feature built into the Lightning Network software to enable LN Hubs to talk to each other or do you want a chat application like Whatsapp or WeChat that incorporates the Lightning Network as a internal currency with some kind of plugin? There is need for both of these applications, but the one for a large Social media platform would be better for Bitcoin adoption. I think these companies would create their own Crypto currency, because they would want to control all aspects of it. You cannot add a currency feature and then rely on external influences to determine the future of that technology. |
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You are missing the point about being first. It is all about market share and how many merchants are willing to accept your currency. They accept the currency that are most used by their customers and Bitcoin already grown so much that they grabbed most of the market share and merchants. It is a race to get more and more people using the currency and for more merchants to accept it. You can have the first cellphone, but if you do not introduce new and improved features on that cellphone, then you would lose market share. Bitcoin developers are constantly working on improving Bitcoin features, so we have that covered. |
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 Source : https://www.reddit.com/r/Bitcoin/comments/e0f545/new_alltimehigh_ath_on_bakkt_2728_contracts_2030m/So you think this is really a massive Bitcoin dump going on? Guess again, the big boys are running in the opposite direction. We panic so quickly, but we also forget very quickly where we were in January 2019. ($3000) This is the time to buy my friends and if you already own some bitcoins to hoard them. Do not fall for the Chinese fud that are being spread in the mass media and on social media platforms, because it is just smoke & mirrors. |
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One of the main reasons why people move to decentralized networks is basically to make it difficult or almost impossible for someone to take it down. Some companies would decentralize their storage for instance to prevent hackers or rogue governments to hack a single centralize database and/or to prevent one single disaster to wipe out their service. (Like a massive earthquake or Tornado etc.) The big boys have several data warehouses for their storage as a redundancy measure to counter these threats. (This is part of their disaster recovery strategies) Disruptive technologies that are taking on these giants, use decentralization to prevent governments or the competition to take them down. (Bitcoin and other Peer-to-Peer networks like BitTorrent etc.. are good examples of that) So, if the big boys wants to go Peer-to-Peer, they would have to trust public nodes with the reputation of their company and I do not think many companies would do that. The performance issues will also be a problem, because not all nodes have super fast internet access. |
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I'm afraid so. The catch is mining is in full miner capitulsation now....with 60% of Bitmain S9's IMHO on the sha256-pow network...they are gonna fall off the wagon..thus...miners are not HODL'ing anymore and they are selling coin in mass to pay for data hall and other past real life issues ..they are mostly underwater at a $7,250 usd btc price. Thus no HODL'ing as most would want and MUST sell some coin to do real life issues. ...it sucks...add the need to (and probably can't) buy newer asic equipment that makes sense (see previous posts i did under profil) but at 10c kwh and $7,350 usd Bitmain S17 pro 56TH miner at 2100 watts (moderate setting on watts) and you make $2.09 a day. When I looked today at also 10c kWh a Bitmain S9i is negative -75c usd per day. It is damn ugly out in the world. Then as the OP states here...did China really crash BTC? I'm afraid so..the only other leg on the 3 legged stool left when mining as one and price as the other and trading/speculating is 3rd leg of the stool....well the trader's and the nice little bots and long bets all got 'stuffed' on the China FUD on the BTC specific crackdown..mostly only noise that it is anyway. Thus it is either a buy place to be for BTC or I should sell my Hoard and get completely out of BTC to cash. I'm ridding it down, dumped $2,003 USD into BTC today and yesterday....boom or bust baby. My base figure is it MUST someday get above and stay above $10,000 USD in the future. So I'm buying accordingly what I can afford bit by bit below that. If I don't think this is buy time for BTC, well then my BTC kool-aid drinking days are over and with my hoard since 2013 it is all she wrote baby. Boom or Beanie Baby I am gonna ride BTC either up to the heavens or down into a mine...what the heck..it is only money. Boom or Doom I guess.  (hey, are we having 'fun' yet?) (sob!) brad If this was true, most miners would have been bankrupt by now. The price was at $3000 and climbing slowly since January 2019... so if your calculations are accurate, most miners would have operated at a loss for months. (Difficulty might have dropped over that period) In any way, I think the drop in the price was triggered by the Chinese news and the fud that was spread as a result. You only need a little bit of negative news for the price to spiral down and to trigger the trade bots to sell. |
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I can't stand Reddit, so I don't know what it is they're selling in that screenshot. What coins are they talking about? I'm assuming they're not RDD, right?
It's basically having an "I'm cool badge on your jacket", does the regular stuff with removing ads, and your also able to award users with the coins and make them feel as cool as you I don't think they'll end up enabling bitcoin payments, at least via Coinbase's commerce platform. Coinbase is likely going to end up demanding all of the users from Reddit to verify KYC and keep compliant with all the anti-aml policies, and I don't think anyone on reddit wants to verify their identity to buy a couple of bucks worth of coins. They might use their own platform? Maybe BTCpay server. "You hit the NAIL on the head" with that observation ole friend. Reddit is mostly a group of anonymous posters and now people will have to give up that anonymity to basically browse around on Reddit without the hassle of a few advertisements. They would be better off creating their own Crypto currency, but then the US government would be all over them, like they did with Libra (Facebook) The problem with direct BTC payment would be the complexity and effort that people would have to put in to do this. I think this problem needs a lot more attention and also brainstorming to make it easier for the average user to make direct payments. (ChangeTip was nice, but it should run on the Lightning Network) |
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Hey #dannybrown thanks for making the 10 year Bitcointalk.org very special. A lot of people might complain about silly things like graphics quality and what not, but most of them have never developed anything like this on their own, so they do not know how much time and effort goes into developing a basic game like this. They should also remember that big budget games are done with a team of people over several years. You deserve a lot of credit and merit for doing this.  |
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Wow, how this place has grown from a little forum with only a few active people (mostly hardcore anarchist types) to the most diverse bunch of people that I have even seen on one forum. Having Satoshi Nakamoto's original posts on this forum is precious and no other forum can brag about that. Now you look at this forum and how it contributes to spreading massive amounts of information and even some bitcoins and you have to be proud of this accomplishment. Happy Birthday Bitcointalk.org, my home away from home. |
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It was a bit laggy for me, but I do not know if it was just my link. I even reduced the graphic quality to the lowest quality and it still buffered the game play.  I was happy to see the retro games and also the eSports betting system. Overall a nice gambling platform and something out of the ordinary, which is refreshing these days. Most of these gambling sites offer the same Slots and dice games, so this is a lot of fun. I will visit this site a lot, once all the bugs are sorted out. |
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If that's the case then there is no need for petition since it's highly possible that Reddit will re-activate Bitcoin payments once they see a good progress from Coinbase side. I'm pretty sure that those users who experience some bug with their payment didn't wish to remove Bitcoin as an option instead they want the Coinbase or Reddit to fix the issue so it means that the demand for Bitcoin is still on the table. Payment via Coinbase stripped all pseudo anonymity from the Bitcoin users, because you have to jump through the KYC/AML hoops to use Coinbase. It is a pity that Bitcoin has not evolved into a very user-friendly payment option without the assistance of all these third party payment processors and exchanges. I cannot see millions of people running nodes and Reddit accepting direct Bitcoin payments. The whole financial world are brainwashed to have elaborate payment software with invoicing and tax reports, so they will have a hard time accepting a payment option that does not generate all those documents. |
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Just a little explanation of what the "Award" program is in Reddit and what you use it for : https://www.reddithelp.com/en/categories/reddit-101/reddit-basics/what-are-awardsYou basically get awarded for a good contribution, either by other users or the mods. It also gives you limited access to Reddit Premium. The Reddit Premium is a ads-free Reddit experience. (So normal users gets spammed with Ads and you pay for a ad free period with those awards) They say that they are going to add some more use cases for the coins, but they have not elaborated on what it would be. Oh, Reddit Premium also gives you access to the exclusive r/lounge community.  This is like the pre-school kids getting a sticker on the forehead for good work that was done in school.  |
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