CNDC = Centralized Node Digital Currency (I call dibs on this abreviation  )

After the waves calmed down with the discussions about 60% of ETH "minting" being done by 3-4 exchanges a new issue rears it's ugly head: OFAC ( Office of Foreign Assets Control ) Complience !

Seems that over 73% of post Merge blocks are OFAC compliant.

And if you ask yourself "So what?" ... besides saying you are a moron:


https://twitter.com/koeppelmann/status/1580893089077809153?t=DA9H3uTYzewW_6mRBh3JWw

In the words of Elon: LET THAT SINK IN !

Why ? Just why ?

We've all heard of cases when a user pays too much gas fee, sometimes tens or even hundreds of ETH. Most of the times, at least in POW times, the miner would return the huge fee.

It seems that the trend did not die with the Merge.
https://cryptobriefing.com/suspected-ethereum-exploit-drains-wallet-of-121-eth-in-gas-fees/

Analysts seem to suggest an exploit of some sort.
The transaction in question is this one https://etherscan.io/tx/0x4a84d0872887f91546cd5400cf99763b654975efb3376ee55e4463bcfbca4e97 and they say there are more where this came from.

https://twitter.com/peckshield/status/1582756435955359744?t=Q-KyMcSnmAAFTnQl67WJLw&s=19

Hope it was some sort of user error, but pretty suspicios that this sort of error happened 25 times already.

Would like to ask if anyone tried any sort of p2p smart contract sport betting platform. The only similar one I could find is https://medium.com/@harsha_90164/blockchain-based-p2p-betting-dapp-with-chainlink-356bfee0aa6c

Would be interested to find out:
- if you used such a service
- how much would "NO KYC" matter to you ?
- did/would you feel confortable connecting with metamask to it ? or just send coins to a certain address that would belong to the bet you want to make
- how long would the withdraw period be for you to feel confortable with it
- would you use it if it did not have a nice looking UI
- would you use it if you only had 2-3 football matches per day where you can ONLY bet the result of 1 of them at a time ?
- do you think a total bet odd of 3 / 4 to 1 is enought to get you betting ?

There is a story of a/some guy(s) that leaked their wallet info on purpose to scam scammers.

They had some USDT on their wallet but no ETH for fees. So when potential thieves sent ETH to that wallet to withdraw the stable coins his bot would automaticaly send the ETH to another wallet. The story is fun and all but fails to fully make sense in my opinion:

Example:

So wallet owner has 1000 USDT in wallet A
Thive sends 0.1 ETH to wallet A
Bot sends 0.05 ETH from wallet A to wallet B with 0.05 ETH fees

The question I have is couldn't the thieve make another transaction sending all the USDT and using all of the ETH for fees, 0.1ETH, and that would mean his transaction gets confirmed first ?

Or am I missing something here?

China banned miners, the EU is thinking of doing the same and what if others will follow?

In a hypothetical scenario where China, US Canada, Russia, India and EU ban pow mining I doubt the smaller countries can sustain the current active miners. Hashrate would drop significantly and the network would be weaker.
Either there would be a massive investment in solar in many developing countries or we might see the first 51% on BTC (hope not).

Do you see this as a potential threat or did the fud get in my head?

Hi guys, what's a easy way to swap some USDT from ERC20 to BEP20? Have some in my metamask and want to buy some bep20 tokens. Only thing I found was the binance bridge option but has a min of $130 and I have a little under that.
Thanks in advance !

Hi guys, I recently saw that Binance started providing debit cards that you load with crypto from your Binance account and use it like any other card in your pocket.
But could not find out anything about the fees they charge.
All I could find is that (they say) there is no monthly or annual fee for the card so I guess there would be a fee per transaction.
Anyone knows a bit more about it?

Thanks

Noticed that in the wallet software forum there is no sticky post in the Electrum subboard

I think it would be beneficial to have some main info visible like official site where to download, any possible issues, possible FAQ (like malware update message and others).
It is used by many and would be a nice addition to have a thread about this always visible and preferably up to date

I'm just using it, not a hard-core user that can get into the nitty gritty.
While writing I did a search and found that this request was made a while ago but to no avail.

So what do you say ? Worth it ?

This nut job is at it again. But now he's taking the fight to our back yard!

https://bitcoinist.com/satoshi-never-used-bitcointalk-craig-wright/

It's mind boggling how this individual can throw claims like this with so many proof against him. Or did he start to believe the fictions he is blabbering...

Seems a guy, Robert Forster, a some kind of hacker published his private key for a wallet of his with 1ETH balance.  Someone else tried to withdraw but still was not able to ...

Forster used something called RBF ( Replace by Fee).
He signed a transaction but keep it offline, not informing the network about that. Then with the use of a listening node "watched" his wallet for any activity and when someone would try to move the funds he would sent the previous signed transaction to the network and since it would have higher fees it would replace the initial one and get propagated faster within the network.

Source link: https://www.trustnodes.com/2020/01/04/hacker-publishes-private-key-but-no-one-can-steal-his-eth

The process sounds pretty simple and straightforward and definitely used as proof of concept.
The thing that grinds my gears is that for the signed transaction he seems to have added a fee equal to the wallet balance (at least from what I understood, to make it not profitable at all for any thief). And for any attempt to withdraw his funds he would "lose" the amount as fees for miners.
 

   

I just read this article and it really startled me. Seems "the big boys" are not betting on the crypto horse and would hope to see it die out.
Guess that is no news but when social media platforms are applying this type of censorship it crosses some limits in my book.
https://news.bitcoin.com/speculation-abounds-regarding-youtubes-removal-of-crypto-content/
Is this the beginning for a new crypto exclusive youtube clone?

While reading around I saw lost of stupid threads (mainly just a dumb question like "why is bit[Suspicious link removed]d") and then a tsunami of pseudo-pertinent replies to maybe the dumbest question. I would just report to nuke, but others try, or at lest pretend to try to explain cryptography to what seems to be a zoo gorilla.
I would rate this as fraud.
1. Make new acc
2. Ask stupud question (but not that stupid so it will not be trashed)
3. Spam your sig few times

I know this is old news, but should there be any sort of punishment? Not suggesting heavy research but if a certain user is definitely the one who made the alt especially for sig spam... are there any repercussions? Sigban, temp-ban?

I understand it would be hard to prove (or not) but just got very annoyed about this and think would be good to have a punishment that fits the crime. If they know there is a 5-10% chance they would get caught, maybe we'll see less of these stupid threads.

Thoughts?