[DEX (decentralized exchanges)]

After reading this article at https://steemit.com/bitcoin/@supercrypto1/4th-dimension-bitcoin-manipulation-cartel-price-suppression-is-the-goal, I can't stop but to write an article on how I think any form of manipulation by any entity can be stopped once and for all.

The answer is the DEX (decentralized exchanges).

Futures market makes available an unlimited opportunity to manipulate the crypto market mainly just because of 2 reasons:

1) We the people, give too much priority to such futures market as a source of price and trade references above every other exchanges and markets (i.e. centralized exchanges and DEX).
Cryptocurrencies are blockchain-based; by right, onchain transactions should be the one to wag the tail, i.e. trades done at DEX (primarily) and centralized exchanges (secondarily) should be the first source of reference. Instead, market behavior is foolishly giving unjustified attention to futures market (which is offchain and worse than centralized exchanges) as the primary source of reference above DEX and centralized exchanges. In other words, the market is foolishly allowing the tail to wag the dog. If the cryptocurrencies crash and burn as result of futures market manipulation, it is only because the market foolishly allows that to happen.

2) Certain participants of the futures market have unfair privilege to issue as many futures contract as possible (without cost, i.e. the need to pay for it) and dump all the contracts onto the market and crash the price.
Gold and silver markets are manipulated just because the banking institution participants are able to issue unlimited quantity of futures contracts to sell onto the market, crashing the price. They have such privilege. None other participants (you and I) have such privilege. Being able to issue unlimited amount of futures contract is almost equivalent to being able to print their own money. If they can issue enough futures contracts to crush the price of gold, silver and bitcoin and buy them back at much lower price on the cheap, then they are making undue profits.

The banking institution participants have the power to manipulate the price of cryptocurrencies only through their self-owned market, i.e. the futures market. They have very limited ability to manipulate the price through the centralized exchanges because they would need ready capital and inventories (with cost) to do the manipulation.
Remember: in the futures market, the banking institution participants can manipulate the price WITHOUT COST. In the centralized exchanges, they can still manipulate the price but WITH COST, thus their manipulative influence through centralized exchanges is highly limited, which is why you don't see much, if at all any, significant manipulation of the cryptocurrency market before the CME futures market.

However, in DEX, no manipulation whatsoever is possible.

If you see a mad dog (CME futures market) running at you, you have 2 options:

1) If you run away from the dog, then you are giving power to the dog to abuse and harass you.
2) If you stand firm and fight, then you are maintain your power (DEX) and tell that dog to get lost.

DEX (decentralized exchanges) is the one and only salvation for the future of cryptocurrency.
The centralized exchanges are second best option.
The futures market is not an option at all and should be totally excluded from any form of reference.

Just as coinmarketcap excluded Korean exchange prices of Ripple because they deviate too far and too high from the fair market, in order to restore market order, we the people should also do the same by excluding all price references from the CME futures market because they are false and fake.

What we the people are foolishly doing as of now...
"Oh look, the CME futures price of bitcoin is at USD6,000. Let us sell everything we have at those centralized exchanges and DEX."
This is akin to the tail wagging the dog. Or akin to a mad dog running at you (for no better reason other than purely to abuse and harass you because you appear weak) and you choose to run away in fear.

What we the people should be doing to restore market order...
"What? The CME futures price of bitcoin crashes to USD6,000? That's irrelevant. The futures market is fake. I refer only to the DEX (primarily) and the centralized exchanges (secondarily) for price. As of now, the price is still at USD18,000 (example) and that's the fair price level for actual transactions."
This is akin to the dog wagging the tail. Or akin to standing firm and ready to fight with a baton/stick to bash that mad dog that is running at you.

If the centralized exchanges allow the magnitude of manipulation we see today from the futures market, then the banking institution participants (some refer to them as the "cartel") would not have the need for the futures market.

The fact that they need the futures market means they can only do their manipulation through the futures market.

And the reason why the futures market has such power in influencing the price of cryptocurrencies is because we give power to such market, i.e. running away when we see a mad dog (CME) running at us.

We don't have to run. We have the power in our hands.
We can take back our power and restore market order by rejecting all price reference from the futures market.

If we know the futures market allows plenty of undue, unfair, and unjustified market manipulation, then why do we still give significance to it?
Why do we still refer to the futures market as a primary source of reference?
By right, whatever the price and volume referenced from such market should be deem as fake, false, irrelevant, and should be excluded/rejected.

We should not allow the price and transactions made from the futures market to dictate the price at the DEX and centralized exchanges.
Just as we do not allow the price of fake products to dictate the price of original products.
We do not see branded, luxurious and high quality products dropping to lower prices just because of fake knockoff imitation products selling much cheaper.
So why do we allow the price of cryptocurrencies determined in fair manner (at DEX and centralized exchanges, onchain and transparent) to be dictated by the fake and manipulated price of CME futures market (offchain and opaque)?

If we reject all price reference from the fake + false futures market, then we can stop their manipulation.

If reference priority is given to DEX and centralized exchanges first, and futures market last (or not at all), then we can stop their manipulation.

Gold and silver market continue to be manipulated because the official institutions (companies, miners, dealers, etc that are ex-bankers) recognize gold and silver's futures market price as primary source of reference.

In the world of cryptocurrency, we the people ARE the official institutions. So please make the right decision on recognizing which market is the primary source of official reference. Don't let the unofficial and the outcast (i.e. the banking institutions) to decide for us.

Original source @ https://steemit.com/crypto/@dorky/how-to-end-cme-futures-market-manipulation-on-cryptocurrencies

Some months ago I wrote an article on "Why I Am Not Using Hardware Wallet For Cold Storage" at https://steemit.com/wallet/@dorky/why-i-am-not-using-hardware-wallet-for-cold-storage and posted the link somewhere here with my hacked "Dorky" account (now taken over by a sinful turkish hacker) and received many opposition on why hardware wallet is still the best way to go, that my way is not good enough.

Recently I stumbled on a case where someone lost his 8000 worth of ETH (I suppose it is $8000, not 8000 units of ETH) despite using Trezor and I wrote an article about it at https://steemit.com/wallet/@dorky/over-usd-6-million-stolen-despite-using-trezor

So I am writing this to reiterate that my method is still the best method ever to secure your savings even over hardware wallets.

Some say MEW is leaking data. Not sure about that, but basically you need to make sure your savings for cold storage should stay offline, strongly encrypted (multiple times), and segregated to many accounts in smaller amounts.

Update:
Apparently the Freewallet app can independently transfer out all your ETH into its own address (for cold storage excuse), even if your ETH is stored in a hardware wallet. So much for the security of using hardware wallet.

Alright, so I was advised to come here and open a thread and ask for help.

My original Dorky account here at https://bitcointalk.org/index.php?action=profile;u=180234 was hacked quite a long while ago (more than a month ago) and now the hacker is communicating in Turkish language in almost every post.

How can anyone in charge help me lock down this hacked account from being used ever again?

Despite email confirmation in place, accounts still got hacked.

Man, you admin and mod guys at Bitcointalk forum are truly genuinely sinful and corrupt.

If I were in charge of this forum, I would have killed ALL account hacks within the very first year itself.

Either you guys are purely incompetent or else all the persistent account hacks are deliberate and endorsed by the admin themselves.

And the admin is not doing anything to recover nor terminate the hacked account.

You admin guys may be quick to claim you are on the good side, but your actions and complacency show me that you are very much part of the corruption.

[This is the generally accepted one:]

My "Most Insane Prediction" is based on a few thesis: 1) Be a total contrarian to general assumption and expectation, and 2) Be totally beyond commonly accepted reason and logic, and yet remain rational.

So here goes...

This is the generally accepted one:
1. Bitcoin will reach USD10,000 and slightly beyond from now to early or mid of 2018.

This is the "Insane" one:
2. This rally to USD10,000 will be Bitcoin's final rally.
3. There will be no further rally to USD100,000, let alone USD1 mil, into the future.
4. After reaching the USD10,000 level, Bitcoin will revisit the 2013 price pattern event whereby the price will start to decline lower and lower for several years.
5. Many will think reaching USD100,000 is a possibility too in the future, and proceed to sell their houses and cars to get into Bitcoin, and suffer losses or missed opportunities.
6. The top Bitcoin elite owners (all the way back in 2009/2010) that constitutes the most concentrated top Bitcoin holdings, start selling/cashing out to the ultimate bag holders that are late into the game.
7. Bitcoin will fall from the top #1 position by end of 2018.
8. Ethereum will surpass Bitcoin to be the #1 in the same time period.


Note:
You may disagree all you like, but as I said, this is "My Most Insane Prediction".

Here's what I found, from 3 years ago.
Until today, such account hacking scam remain freely in operation.
Theymos is not doing anything to stop the hacking.
Some even said Theymos is actually part of the hacking operation!
I will leave innocent members here to decide for themselves.

https://www.cryptocoinsnews.com/bitcointalk-accounts-are-being-bought-and-sold/


TL;DR
Accounts are stolen, and then sold, to cheat and scam others.

Edit:
I also found out senior member account was sold for the price of 0.3 btc to 0.5 btc.
Never thought my Dorky account would be worth few grands.

Edit #2:
Apparently signing bitcoin messages is just another excuse to a problem that will not be solved.

The Bible's Matthew 6:19-21 is always right and will remain valid until Judgment Day.

Do not store up for yourselves treasures on earth, where moths and vermin destroy, and where thieves break in and steal. But store up for yourselves treasures in heaven, where moths and vermin do not destroy, and where thieves do not break in and steal. For where your treasure is, there your heart will be also.

Don't you think it is ridiculous that the one and only way to recover a hacked account is to send a signed message with your bitcoin address (thus removing bitcoin's anonymity feature by identifying the owner of that bitcoin address to where he lives and which email address he uses) in order to have any chance of recovering it?

Shouldn't the website's server be able to trace the change in IP addresses used before and after an account is hacked?

I am a recent victim of account hack.

This was my original account here at https://bitcointalk.org/index.php?action=profile;u=180234 but now it is taken over by a Turkish hacker.

I never post any bitcoin address here because I never offer to sell anything here.

Does that mean my hacked account can never be recovered?