They sent emails to their users about their re-opening, may not explicitly state what happened but it won't take more than a few minutes to find out what actually happened for someone who is concerned about this. I waited for months to see how their site operated and asked regarding that in the forum as well Anyone is still using Paxful? and after that I gave it a try by myself and things have been going fine for over a month so all I am saying is the site seems to be the same as they used to be.
But, I am not going to suggest OP use Paxful or any P2P for now because it is mostly filled with hacked accounts and funds received from stolen bank accounts and other illicit activities so it will take a while to understand how to choose the right trading partner in p2p exchanges or else they are putting themselves at the risk of their bank account being frozen. |
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One of my favorite aspects of Bitcoin is how its deflationary. There can never be more than 21 million Bitcoin in supply. But it is always possible for there to be less (forever lost wallets, for example).
I wouldn't say it is deflationary because deflation is not good for the economy of any country but bitcoin is completely limited supply which means no more or no less but most of the bitcoins lost in its early days and some stats shows it will be around 4 millions bitcoin and from now on it is less likely to happen to lose wallets because people know how much one bitcoin worth now. The value of each Satoshi would only go upwards if the world adopted Bitcoin as a legal tender. Which it will. I cannot wait for that day. As a crypto enthusiast, I would love to see countries accept Bitcoin as legal tender but I wish there should be any day as you expect because if you remember The Great Depression (1929-1933) which can collapse the economies of the country so this reason itself can be a cause for the fall of bitcoin. Bitcoin is good and more decentralized than any other cryptocurrency but imagining it as the only currency used all over the world like thousands of transactions per second, bitcoin is not designed to handle such unless the government creates the infrastructure for that to happen with the L2 layer. |
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There is no denying that the reason most of the Bitcoin mixers were closed/shut was due to the trace of money laundering activities found on their platform For example Chipmixer the biggest mixer I have ever known closed recently due to the reason but as said by OP its not suitable that is why were seized by governments. But as far as I know, money laundering in fiat is easy and can be no trace found like we see on the bitcoin ledger still the governments keep complaining that bitcoin is only used for criminal activities. Here is an interesting fact The estimated amount of money laundered globally exceeds 2% to 5% of the global GDP, or approximately $800 billion to $2 trillion in just one year. Let's say 1 Billion happened via mixing what about the remaining 799 Billions? How long the government can blame the cryptocurrency for the incompetence of AML? |
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AFAIK, no one else seems to have that problem other than me so it is convincing that something on my end happened at that time but not sure what it was but it was resolved so it is good.
Do you know if the "packet loss" counter at the bottom said anything during the time of the issues?
Also, if I'm reading the info correctly on your screenshot (I don't use this speed test much), but the current test you show has a higher than usual ping & jitter range (pings going from 28 to 537 and hitting over 3110ms on the upload, and jitter values between 73-100..). Some wild swings there, so I might see this connection as being unstable. Are you running all of your devices from some sort of 5g wifi tower type of device, which provides an internet connection through 5g or some sort of wireless cell service?
I am sure that packet loss was 0.0% every time which I used the test. It's a fiber connection that has pretty good speed and is economical too but I don't have any idea about the high ping factor but it used to be in this way. |
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if we are sure that there are no vulnerabilities in the system, then we can connect to the internet.
Those who lost the coin also said at first "we were sure that there was nothing on our device". I would like to drop a thread I thought I would never get hacked... which clearly explains why we should not assume "my device is invulnerable to hacks and other potential risks" and that is the whole point of having cold storage as well. ...
You can "assume/If or But" where I don't see the word 'for sure' here. |
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You don't necessarily need to connect your air-gapped device to the internet (because it voids the actual purpose) to upgrade your electrum since it can be done completely offline. Download the latest version of Electrum from https://electrum.org/#download and then verify the signatures before installing it. [GUIDE] How to Safely Download and Verify ElectrumThen copy the downloaded file to your air-gapped device and install it, then restore your wallet with your seeds "Standard Wallet -> I already have a seed". Then go to "Wallet -> Info" and get your "Master Public Key" After this go to your device which is connected to the internet create the "watch-only" wallet (Standard Wallet -> "Use a Master Key) By this method device will be never connected to the internet so you no need to worry about your seeds being exposed to malware or anything.
1- If we connect the Internet to that machine once or sometimes (to update the Electrum wallet) , will it not remain a cold storage?
Technically No. 2- If we are sure that there is no malware or something in the computer, what difference does it make to connect that cold storage computer sometimes to the internet to make transactions?
As per my understanding, we do not connect cold storage to the internet because we fear that any malware may get our electrum seeds etc. Is is right ? There is no other reason. Connecting to Internet, does not mean that the Internet will know the private key or leaks your private key. The actual purpose of creating the cold storage for crypto wallet is to mitigate any potential vulnerabilities so in case if you want to take the risk that you can be sure the device is entirely malware free then it's your choice. 3- If we install electrum on computer (which is malware free and connected to the internet), make a new wallet, keep a note of the seeds and then uninstall electrum from that computer and also remove the wallet files, isn't it secure too?
Uninstalling and deleting doesn't necessarily mean files are gone permanently because we know it is possible to retrieve data back even from the formatted hard drives. |
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something was probably going on with your connection, and/or the primary DNS server you are using.
If this is the case then it got resolved on its own, I didn't change anything at all. Doesn't necessarily mean the connection was extremely unstable, but no actual speed test (like this one) is going to show "1Gbps" so I'm not sure where you got that result from? I used the Ookla speed test on mobile at the time of having this issue and the result was around 900 at that time  |
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I'm assuming that Electrum spends fund from the smallest funded addresses first. Is that correct.
By default, electrum tries to minimize the transaction fee with the limitation that if there are multiple UTXOs in the same address, it either uses all of them or none of them.
Nope, Electrum uses random addresses to maximize your privacy if UTXOs are in different addresses that is the case with OP if I am not wrong which is the default behaviour in Electrum. Electrum source code class CoinChooserPrivacy(CoinChooserRandom):
"""Attempts to better preserve user privacy.
First, if any coin is spent from a user address, all coins are.
Compared to spending from other addresses to make up an amount, this reduces
information leakage about sender holdings. It also helps to
reduce blockchain UTXO bloat, and reduce future privacy loss that
would come from reusing that address' remaining UTXOs.
Second, it penalizes change that is quite different to the sent amount.
Third, it penalizes change that is too big.
""" which will increase the size of the transaction more so if you want to reduce the use coin control feature as mentioned by the above users.
OP, you need to consolidate your smaller inputs from time to time if you are worried about spending more in the fees than the actual transaction amount, maybe this guide by LoyceV will be helpful : [Aug 2023] Fees are low, use this opportunity to Consolidate your small inputs! |
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It is not due to the internet provider because the internet connection is stable and I checked it at that time which is 1Gbps but as I said in my edit it is due to the issue related due to the forum because from 07:32:11 AM to 07:49:11 AM (forum time) no images were shown in the forum when I am going to ask about this in Meta things back online.
I am not sure if it is local cause as I said tried on multiple devices even on mobile the situation was same.
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Seems the servers are down and can't access the site.   Tried multiple browsers and even on different device still same hope its just a temporary. Is there anyone else having the same issue as me? Edit 1: I posted image but can't able see it either so its the issue related due to forum I guess. Edit 2: Now it is working fine. |
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The fingerprint is not secure, what about face unlock?
Face lock is even less secure than the fingerprint, There are instances about facial recognition already proven that face ID can be fooled by pictures and even someone with facial similarities can access your device which is unlikely to happen with a fingerprint scanner because it's more complicated to tamper but still possible to replicate. But I would say none of them are secure when it comes versus good a password like a combination of uppercase, lowercase, and special characters but definitely not a pin which is either four or 6 digits in most of the wallets. In the worst-case scenario if someone tries to rob your Bitcoin wallet and they catch you so imagine accessing the wallet with biometrics is just simple they can touch your thumb or show it towards your face but if its a password they can't access it unless you spill. |
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So what is the catch here? subtle advertisement? it's pretty obvious, everyone will say no to the question... -- assuming I interpreted the question right since it's poorly constructed.
In any case, they do appear to be shady as pointed out above.
It is not the first platform that I have noticed. Some platforms do this, whether they are paid directly or through referral links or a third party. This approach is clear from beginners, so I do not advise anyone to trust any positive reviews, especially from beginners. Look for negative reviews and try to make sure they are accurate. Bitget exchange spammer is a good example Pretty much every platform with no budget for actual promotion is doing it in a backdoor way like in bitcointalk spamming their platform name on multiple threads so they can create a buzz and the same goes through social media where you can see someone claims "Ohh, hey I am using this platform which is very good and trusted blah blah, so as you said don't trust the blatant one-word positive reviews like "Excellent", "Very Good" which is an obvious sign of farming positive reviews. My Input is don't try risking your own money on any new thing, give it some time and you will know if it's legit then start using it. |
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I want you guys to know that what OP is asking or talking is called Leveraged Trading. So the confusion about the leading platform should not interfere with the discussion here. Anyway, most of the crypto exchanges allow users to take leverage of their capital amount which is borrowing money from the exchange to increase their potential profit but when the money is not yours the risk is higher too. So if you are seeing only the positives then let me remind the negatives of leveraged trading too which is you can loss money that you actually don't have which puts you into a situation of taking more loans to pay the debt. Binance the biggest exchange offers that feature which is Spot trading margin up to 20x and Derivatives trading margin up to 20x so like on other exchanges the values will be different. 8 Best Crypto Margin Trading Exchanges Compared (2023) |
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I would say it's a good result all round that the wallet has collapsed. A closed source wallet which sends seed phrases over the internet in plain text to Google has no right to continue to exist. I would suggest everyone uses their back ups to sweep their coins to a better wallet. Any suggestions which multicoin wallet to use instead? Have you considered Unstoppable Wallet? Which is open source multi-crypto available on both Android and IOS. But I don't see monero in their supported coins list - https://www.cryptowisser.com/wallet/unstoppable-wallet/coins?page=1If its especially for monero then consider these 1. Monerujo ( android wallet )
2. Cake wallet ( android wallet )
3. Mymonero (Android& PC ) |
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Unfortunately, The Cryptovator is still using AI to write his posts -- none of the previous instances reported were removed by the mods, but they should be. It's a clear-cut use of AI to generate posts on one's behalf. I'm including the results of 4 detectors for each post reported.
He is one of the respected community members of bitcointalk but as per se, there is clear evidence that he used AI to post which means this is proof that there is bias in the moderation. I used to report AI-written posts from newbies and every one of them was taken down but why isn't the case here? I wonder, are those reports marked as bad or still unhandled? |
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Merit spree detected.
I will update you later with a full analysis.
 The more interesting thing, all merit transaction has an exact one-second timeframe difference. When I checked the posts he merited they came from different local boards at different time frames some of them were even months old, I am like how is it even possible for a human?  Unlucky me didn't get into his sight this time. |
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Example:
01.01.2023 I buy with 1000€ (1500 USDC)
I trade these USDC on the dydx exchange.
By 01/02/2024 I will make a profit of 8500 USDC with trading, so on 01/02/2024 I will have a total of 10,000 USDC.
If I convert this 10,000 USDC to Fiat on 01/02/2024, will I not pay any taxes at all?
Because:
The USDC were not converted into BTC due to perpetual trading, so the holding period is given.
So the profit from your trade is $8500 which is the taxable amount because sale = trade so you are obligated to pay taxes or I may be completely wrong The sale defines the conversion of USDC to fiat. The sale of stablecoins becomes taxable only when you trade them within a year (365 days) and make a profit of more than 600€ as a result.But taxation is a very complex subject and needs professional help to find the accurate value cause there will be a lot of exceptions for different reasons so if you actually made that much profit then you better take your records for audit to find the value. |
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The answer depends on your country of residence.
Sorry Germany In Germany, you have to pay the capital gain tax for crypto to crypto if you made profits over 600€ and realize this profit within 365 days from the original purchase. So the tax due depends on your purchasing price of BTC Since USDC is a stable coin so you can clearly find the profits you made and can claim the tax-free if it's below 600€ Crypto Taxes in Germany: Complete Guide & Instructions [2023] |
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The answer depends on your country of residence. In my country, I only have to pay the capital gains taxes for the profits I made with crypto to fiat conversion so the crypto to crypto conversion is not taxable event but this is not the same on other countries especially US (correct me if I am wrong) where IRS taxes cryptocurrency like property and investments, not currency. This means all transactions, from selling coins to using cryptos for purchases, are subject to the same tax treatment as other capital gains and losses.source[Tutorial] Crypto taxes for beginners maybe helpful to get better understanding about crypto taxation. |
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