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1  Bitcoin / Development & Technical Discussion / Full RBF on: June 23, 2022, 08:11:04 AM
Looks like full RBF will be coming to bitcoin sooner rather than later, and I've not seen any discussion about it yet on the forum.

Here are some relevant links and discussions:
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2021-June/019074.html
https://lists.linuxfoundation.org/pipermail/lightning-dev/2021-May/003033.html
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2022-June/020557.html
https://github.com/bitcoin/bitcoin/pull/25353
https://github.com/bitcoin/bitcoin/pull/25373

The TL;DR for anyone out of the loop is to implement a new setting for nodes, so that the node treats all unconfirmed transactions in its mempool as RBF enabled, regardless of whether or not that transactions signals for RBF. The default behavior (for now) will be to have this setting disabled, so the current opt-in RBF rules will apply, but nodes will be free to enable this setting and switch from opt-in RBF to full RBF if they choose.

There are a number of good reasons to do this, including benefits and more security for multi-party funded transactions including coinjoins, Lightning, and other layer 2 solutions. However, it also essentially stops any business from accepting zero confirmation transactions for small values, since all transactions (even those opted out of RBF) could potentially be replaced using RBF.

I'm also curious as to what is going to happen when (for example) 50% of nodes have enabled full RBF, 50% of nodes have not enabled full RBF, and I try to replace a transaction which is opted out of RBF. What about if I'm using a hot wallet and not my own node? Will I have to connect to different servers to find one which will relay my replacement transaction? And then presumably some block explorers will show the original transaction while some will show the replacement, and I'll have no idea which one will actually get mined until one of them is mined?
2  Economy / Service Discussion / Recent events should make you withdraw all your coins to your own wallet: Part 2 on: June 19, 2022, 07:56:10 PM
Part 1 is here: https://bitcointalk.org/index.php?topic=5387401.0. In that thread I spoke about how centralized exchanges and services were freezing the accounts of their users and seizing their coins, often indiscriminately and because of completely external reasons that the users themselves had no control over. If, for some crazy reason, you still have coins on a centralized platform, then the recent events with Celsius really should be the last wake up call that you need.

If you are unaware, Celsius Network is insolvent. About a week ago Celsius completely froze all accounts, all transfers, all trading, and all withdrawals: https://nitter.net/CelsiusNetwork/status/1536169010877739009. The next day it is reported that they have hired restructuring advisors: https://archive.ph/riZJu. Celsius have 1.7 million customers, all of whom are currently unable to access any of the coins they deposited to Celsius, and indeed, are unlikely to ever see them again. Lured by the ridiculous promises of 20% returns, users completely ignored the fact that their Terms of Use explicitly stated that their coins would be lent out and used to make highly risky investments, and if something went wrong they have absolutely zero protection, despite this being repeatedly pointed out. Well, something has gone wrong, and now these users have lost everything.

So, given that these centralized platforms are gambling your money and go bankrupt at any time, why are your coins not in your own wallet yet? In particular, I'm thinking about the millions of people using BlockFi. If you look at the first two underlined links above, you'll notice that BlockFi's terms are almost identical to those of Celsius. BlockFi are losing large amounts of both Bitcoin and Ethereum from their central wallets as users try to withdraw their coins while they still can. They've just announced they are cutting 20% of their staff. They just been fined $100 million by the SEC. They refused to deny giving users' money to Three Arrows Capital, which has also just collapsed in to insolvency: https://nitter.net/BlockFi/status/1537137936549957632

BlockFi will be the next to collapse, but it certainly won't be the last. Get your coins out of every centralized exchange and platform in existence and in to your own wallet now, before it is too late.
3  Other / Archival / Delete on: June 19, 2022, 07:53:24 PM
Delete
4  Other / Beginners & Help / Why beginners should pay attention to their privacy on: April 12, 2022, 08:11:32 PM
I don't often/ever encourage people to watch videos, but this would be 30 minutes well spent, even if you don't like his humor: Data Brokers: Last Week Tonight with John Oliver (HBO)

The whole segment is pretty terrifying. Everyone knows (or should know) that most browsers, websites, and apps monitor you and collect your data. What many people don't know is that data brokers buy and sell every piece of data about you that they can, right down to your debts and your medical conditions, and they sell it to literally anyone who wants it. A broker called Epsilon settled for $150 million after selling data to people they knew were scammers for over 10 years. Data has been sold to domestic abusers and stalkers, allowing them to track down old victims. The video mentions a case of a murder after the victim's data was purchased for less than $50.

Plenty of companies say your data is anonymized, de-identified, or collated with other data before being shared or sold, and lots of people think that means they are safe. Not so. One study found that 99.98% of anonymized data could be de-anonymized and used to identify individual users. Anonymizing data is meaningless. Even simply visiting a website (but not actually doing anything on said website) still provided the website with enough information to personally identify the user in question, track down their contact information, and send them an email minutes later.

They sell your data to the government. Governments might need a warrant or other legal ruling to come and search your computer or devices, but they don't need any permission at all to simply buy that information from data brokers. Multiple three letter agencies are buying your data and using it for anything they please. This is a very similar situation to a variety of three letter agencies employing the services of various blockchain analysis companies to track your bitcoin addresses and transactions.

In addition, centralized exchanges provide all sorts of data to data brokers, especially if you willingly hand over your KYC information. So do blockchain explorers. So do servers of SPV and light wallets. So will sites like Coinmarketcap or various crypto news sites. All this bitcoin related and other crypto related information will be pooled with all the other information held about you and sold to anyone who wants it, including scammers and criminals. Remember that simply clicking on a website was enough for that website to identify that exact person. Do you really want the whole world to know how much bitcoin you are holding?

The amount of privacy invasion going on in our daily lives is staggering. Don't make it even worse by willingly violating your own privacy.

A good place to start taking back some control in general: https://www.privacyguides.org/
Peer to peer bitcoin trades, avoiding the privacy invasion of centralized exchanges: https://bisq.network/, https://localcryptos.com/, https://hodlhodl.com/
Run your own node, and avoiding leaking information about your addresses and transactions: https://bitcoin.org/en/bitcoin-core/
5  Other / Meta / High IQ Gang: Now accepting applicants! on: April 01, 2022, 09:28:25 AM
I think as the currently highest IQ person on this forum (200), I have earned the right to start a high IQ gang.

Entry requirements:
IQ >160
IQ <whatever mine is at the moment. (Obviously you are not allowed to be smarter than the gang leader. If your IQ is higher, we will assume you are a haxxor and you will be kicked from the gang.)

Perks:
Literally none

If your IQ falls below 160 at any point, not only will you be ejected from the gang, but you will not be allowed to reapply for a period of thirty (30) days for bringing the gang in to disrepute.

Apply below!

Members:
o_e_l_e_o (Supreme Overlord)
ImThour
BlackHatCoiner
LoyceV
bill gator
Welsh
LFC_Bitcoin
TryNinja
shahzadafzal
n0nce
UmerIdrees - IQ 154! BANISHED!
JayJuanGee
Foxpup
NoorulHuda
Mitchell
6  Other / Beginners & Help / Another day, another data leak - more phishing likely on: March 20, 2022, 09:55:07 AM
HubSpot are a marketing agency. They collect data and use it to serve you ads, social media marketing, various content, and what not. Yesterday, they were hacked, resulting in the theft of the personal information of an unknown number of people - name, address, email, phone number, etc.

Why should you care? Because it turns out a variety of centralized crypto services have been sharing/selling your data with/to this marketing agency.
Here's the tweet from BlockFi confirming their users are affected: https://nitter.net/BlockFi/status/1504982848771608586
And another tweet from Swan: https://nitter.net/SwanBitcoin/status/1505261139571191813

No doubt we will see more crypto services admitting they were also handing your data over to HubSpot in the coming days.

Users affected can expect phishing emails at the very least pretending to be from these companies and trying to get users to hand over account credentials or seed phrases or complete password resets. I'd also be concerned about SMS phishing or SIM swap attacks, as well as attempted forced access to email and other accounts. More complex phishing attempts could also be attempted, such as those that we saw after the Ledger data leak.

Just another one of the many risks you take when you hand over your personal information to centralized services.
7  Bitcoin / Bitcoin Discussion / Recent events should make everyone withdraw all their coins to their own wallets on: February 26, 2022, 11:33:39 AM
Everyone knows you should hold your own keys and coins. Leaving your coins in the control of a third party such as a centralized exchange, web wallet, interest account, etc., means they are not your coins at all and access can be removed at any time. Despite such services frequently locking people out of their accounts and demanding KYC, millions of people continue to hold all their coins with these third parties, wrongly thinking "Well, it will never happen to me."

Then comes the Canadian truckers. Whether or not you agree with them is irrelevant. What I was far more interested in was the government's response, which was to freeze accounts, reverse transactions, and seize money belonging to these people and to people who were donating to them. Not only fiat bank accounts, but also crypto exchange accounts. And yet people still hold their coins on exchanges, knowing that their government can prevent them from accessing their money at any time. I don't know what the logic here is. Maybe "I'm so meek and unassuming I'll never do anything that my government doesn't approve of."

Then comes the Russian invasion. Countries around the world are seizing Russian assets, freezing Russian accounts, embargoing Russian banks, removing Russia from the entire SWIFT system, and more. Sure, this will hurt Putin, but it also hurts every Russian, including the innocent ones who have no desire for war. How do you feel knowing a decision made by your government which you fundamentally disagree with and even protest against could result in all your finances being frozen or seized? There is no logic here. You cannot possibly think "Well, my government would never do such a thing" given the propensity for governments around the world to serve their own interests at the expenses of their citizens all the time.

These last few weeks should be an eye opener for anyone leaving their coins in the custody of any third party. You may find yourself with no access to them at any time, and there will be nothing you can do about it.

Self-mod to prevent spam.
8  Bitcoin / Press / [2022-01-26] Europol report on cryptocurrencies on: January 31, 2022, 12:01:38 PM
Europol released a report regarding cryptocurrencies and criminal activities here (PDF link further down the page): Cryptocurrencies: tracing the evolution of criminal finances

The report makes for an interesting read, although most of it is just saying things we already know - Bitcoin is the most popular coin being used, Monero is the best privacy coin, cryptocurrencies are used on the dark web, etc.

The really interesting snippets I'll quote below:
Quote
However, the overall number and value of cryptocurrency transactions related to criminal activities still represents only a limited share of the criminal economy when compared to cash and other forms of transactions.
Quote
Criminals and criminal networks involved in serious and organised crime also continue to rely on traditional fiat money and transactions to a large degree, in addition to emerging value transfer opportunities.
Quote
However, the use of cryptocurrencies for illicit activities seems to comprise only a small part of the overall cryptocurrency economy, and it appears to be comparatively smaller than the amount of illicit funds involved in traditional finance.

So even Europol are admitting that illicit use of cryptocurrencies is low, criminals prefer to use fiat, and both in real terms and comparatively cryptocurrency is used to a far smaller degree than fiat is.

I know better than to think this report or the actual facts or evidence within will stop the media FUD that only criminals use bitcoin (see also: Why do you need privacy if you have done nothing wrong, Bitcoin is killing the planet), but perhaps we could now turn our attention to the massive fiat banks which have time and time again been found to be knowingly laundering trillions of dollars for various criminal networks, terrorists, and corrupt politicians? Wouldn't that be nice.

Self-mod to prevent spam.
9  Other / Politics & Society / Anti-vaxxers now drinking their own urine on: January 11, 2022, 12:12:22 PM
https://www.forbes.com/sites/brucelee/2022/01/10/vaccine-police-founder-claims-drinking-your-own-urine-is-covid-19-antidote/

Saw this doing the rounds online and figured it was a joke. But no, it's real. I'm pretty sure these anti-vax "leaders" are just the world's biggest trolls at this point.

"We've already convinced these morons to take horse dewormer and shit themselves. What next?"
"Tell them to drink their own piss."
Rounds of laughter.
10  Bitcoin / Bitcoin Discussion / Fran Finney (Hal's wife) for Running Bitcoin on: January 03, 2022, 10:26:26 AM
https://www.youtube.com/watch?v=HtfQ4LItIUc

Fran Finney, Hal's wife, has launched a "Running Bitcoin" challenge (named after Hal's famous tweet: https://twitter.com/halfin/status/1110302988) running up to January 10th, the anniversary of the famous tweet. The challenge is to run a half marathon (21.1 km, 13.1 miles), raise some sponsorship, and donate some bitcoin in Hal's name to ALS research. You can receive a few cool bitcoin/Hal themed items in return if you hit certain goals, and you don't need to do the full half marathon in one go - just cover the distance over the next week.

Unfortunately the website - https://runningbitcoin.us - seems to be down at the moment, but a snapshot on the Wayback Machine forwards you to this page - http://web.alsa.org/site/TR?team_id=400870&fr_id=14584&pg=team - which is the Running Bitcoin team page on the ALS Association website. You can also see some individuals' progress at https://mobile.twitter.com/bitcoinrunners. Even if you can't run, you can throw some bitcoin their way in honor of Hal. Looks like they've already raised over their initial goal of $5,000.

I have no links to this charity and cannot vouch for it one way or another.
11  Other / Meta / Proposal: Rename the "Press" board to "Spammer of the Month" board on: November 13, 2021, 11:52:24 AM
CoinIdol News, JessicaVL, CryptoBry, acquafredda, Vladdirescu87, the list is endless. Somehow, CoinIdol News still isn't banned yet.

The Spammer of the Month this month goes to waybesuricata. Of the most recently created 37 threads on the front page of Press, he has created 26 of them, generating a grand total of only 26 replies between them all. Almost all of his links come from Coin Telegraph, so I can only assume he is being paid by them.

Given that we have been complaining about the state of the Press board for literally years, and there have never been any moves whatsoever to even attempt to fix it, then why don't we just formalize what it has turned in to and change the name. Then at least it will stop new people venturing in to it thinking that is actually a place for discussion.
12  Other / Politics & Society / Say NO to smoke detectors! on: October 29, 2021, 08:25:26 AM
This is huge. Just do your research people. Smoke detectors are actually being used by the deep state to emit mind controlling 6G gamma rays directly in to your brain while you are sleeping. Wake up sheeple! Don't buy in to the propaganda of Big Pharma Phire.

Say NO to Smoke Detectors!

Some people can't be reasoned with. They are SHEEP and can be identified by the following:

    LOVE smoke detectors
    Get vaccines
    Wear seatbelts
    Ride bicycles WITH HELMETS
    DO NOT STAB THEMSELVES

Definitely not satire
13  Other / Meta / User continually deleting and reposting the same posts - for mod review please on: October 22, 2020, 09:52:31 PM
I'm mostly making this thread because it is too much info to include a standard report.

User in question: travwill
Archive of all posts: https://loyce.club/archive/members/21/214663.html

I read a post by this user because it bumped a thread in my watchlist. I was 100% sure I had read it before but couldn't find any matches for plagiarism. On closer inspection, he is deleting his own posts (no entries appearing on modlog) and then reposting the exact same posts. I assume he is doing this to farm his signature campaign with zero effort.

Post 1:
https://loyce.club/archive/posts/5535/55352585.html - October 10
https://loyce.club/archive/posts/5537/55379827.html - October 14
https://loyce.club/archive/posts/5543/55433632.html - October 22

Post 2:
https://loyce.club/archive/posts/5536/55360253.html - October 11
https://loyce.club/archive/posts/5536/55365516.html - October 12
https://loyce.club/archive/posts/5538/55383236.html - October 15
https://loyce.club/archive/posts/5543/55433660.html - October 22

Post 3:
https://loyce.club/archive/posts/5535/55352466.html - October 10
https://loyce.club/archive/posts/5537/55379804.html - October 14
https://loyce.club/archive/posts/5543/55433575.html - October 22


Post 4:
https://loyce.club/archive/posts/5535/55352458.html - October 10
https://loyce.club/archive/posts/5537/55379760.html - October 14
https://loyce.club/archive/posts/5543/55433553.html - October 22

Post 5:
https://loyce.club/archive/posts/5534/55345836.html - October 9
https://loyce.club/archive/posts/5537/55379682.html - October 14
https://loyce.club/archive/posts/5543/55433236.html - October 22

There are more examples (in fact, all of his recent posts), but you get the picture.

In my opinion this is more than worthy of a ban. Could a mod please review and action as appropriate? I will also PM the relevant signature campaign manager with a link to this thread.
14  Alternate cryptocurrencies / Marketplace (Altcoins) / [W] XMR, [H] BTC on: September 11, 2020, 03:28:53 PM
I want to buy somewhere around 10-15 Monero in total for BTC. Happy to do smaller trades and buy any amount up to this limit. Rates as taken from Coinmarketcap at time of trading: https://coinmarketcap.com/converter/xmr/btc/

Would prefer to deal with a well trusted user and someone I have interacted with several times and personally would trust. I would be happy to send first in this case.

If you are neither of the above, then you will be sending first. Happy to use a mutually agreeable escrow if you cover the fees.
15  Other / Archival / Removed on: August 05, 2020, 09:15:54 AM
Removed
16  Economy / Currency exchange / [W] 4 ETH, [H] BTC on: July 13, 2020, 07:11:40 AM
I want to buy a total of 4 ETH for BTC, but happy to do several smaller trades. Rates as taken from Coinmarketcap at time of trading: https://coinmarketcap.com/converter/eth/btc/?amt=4

Would prefer to deal with a well trusted user and someone I have interacted with several times and personally would trust. I would be happy to send first in this case.

If you are neither of the above, then you will be sending first. I'd prefer not to lose escrow fees on a small trade, but happy to use a mutually agreeable escrow if you cover the fees.
17  Other / Bitcoin Wiki / BitcoinPaperWallet a likely scam - page needs updated on: May 14, 2020, 08:19:57 AM
Bitcoin Wiki page in question: https://en.bitcoin.it/wiki/BitcoinPaperWallet

Please see this thread for full details: Why has my newly created Bitcoin address already been used?

There is a preponderance of evidence that the site BitcoinPaperWallet.com is now a scam. It was sold in 2018, and since then, there are multiple reports of users having their coins stolen from addresses created by that site - see the linked thread above for links to forum posts and reddit threads stating as much. Since it was sold, although the site still makes references to their GitHub repository, no GitHub link could be found. The Wiki page still states it is open source (which is no longer the case), and links to the old GitHub repository which hasn't been updated in over 2 years - https://github.com/cantonbecker/bitcoinpaperwallet.

The Wiki pages should be updated to reflect these developments, for the safety of users reading it.
18  Economy / Economics / Interest rates to 0%, $700 billion in QE, and reserve requirements to 0% on: March 16, 2020, 12:41:31 PM
Fiat is collapsing.

https://www.cnbc.com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700-billion-quantitative-easing-program.html

The first two parts of the topic subject are entirely expected. The Fed have cut interest rates for the second time in a month, now down to 0%, and they've launched another $700 billion in quantitative easing, despite the Fed's balance sheet still being massively over inflated from all the previously rounds of QE. What was perhaps not as expected was how soon they have done this. This pandemic is only just getting started, there is a long way things can fall yet, and the Fed are now rapidly running out of options.

Far more concerning, however, is the news that they have dropped banks' reserve requirements from 10% to 0%.

The Board has reduced reserve requirement ratios to zero percent effective on March 26, the beginning of the next reserve maintenance period. This action eliminates reserve requirements for thousands of depository institutions and will help to support lending to households and businesses.

When banks lend money to customers, they create new money out of nothing by creating matching credits and debits on their balance sheet. The reserve requirement limits how much they can do this, because they have to have a certain portion of this money, currently 10%, in their reserves. This new action removes that requirement altogether, giving banks unlimited rein to create as much new money as they like, at no cost to themselves.

Hyperinflation is coming. Fiat is collapsing.
19  Other / Politics & Society / Health Professionals and COVID-19 on: March 12, 2020, 05:31:50 PM
I know there are a few other doctors and healthcare workers on here, and I'm interested in talking with any other health professionals who are currently dealing with the COVID-19 situation, particularly anyone working with the critically ill in secondary care, emergency medicine, intensive/critical care, anesthesiology, etc. The reports we are getting from front line staff in Italy are very grim - hospitals being utterly overwhelmed and doctors having to choose which patients will get the few remaining resources and which patients will simply be palliated. I'm interested to hear any other first hand accounts of the situations you are dealing with. We have a few patients in ICU, but nothing unmanageable yet. We have started to convert adjacent high dependency areas in to additional ICU/ventilated beds. Elective work is being cancelled. We expect to be in a similar situation to Italy within a couple of weeks at most.

We are starting to get some data from intensivists in Italy regarding optimum treatment strategies, which we are all trying to disseminate as far and wide as possible. I'll share them in the next post. If you have other guidelines, protocols, SOPs, treatment strategies, I'd be keen to share them too. We are generally treating with conventional ARDS protocols, but seeing a high rate of progress to APRV and proning, even with high levels of permissive hypercapnia.

Self moderated to keep spam and nonsense to a minimum.
20  Alternate cryptocurrencies / Marketplace (Altcoins) / [W] 5 XMR, [H] BTC on: March 07, 2020, 08:40:31 PM
I want to buy a total of 10 5 XMR for BTC, but happy to do several smaller trades. Rates as taken from Coinmarketcap at time of trading: https://coinmarketcap.com/converter/xmr/btc/?amt=10

Would prefer to deal with a well trusted user and someone I have interacted with several times and personally would trust. I would be happy to send first in this case.

If you are neither of the above, then you will be sending first. I'd prefer not to lose escrow fees on a small trade, but happy to use a mutually agreeable escrow if you cover the fees.
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