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1  Alternate cryptocurrencies / Altcoin Discussion / This is how a DAO destroys shit--Navcoin on: March 15, 2025, 10:50:53 AM
I know some of you might not remember obscure PoS altcoins (or are too young to even have ever had them on your radar), but back in the day there were numerous proof-of-stake altcoins out there where all you had to do to earn passive income was to 1) own some coins, and 2) keep your wallet running.  It was so easy that some company produced Raspberry Pi's branded as Stakebox(es).  PIVX, Pinkcoin, Neblio, Gridcoin, Peercoin, Reddcoin, and....Navcoin.

From time to time I check CMC to see how all of those oldies have fared, and let's just say it's been brutal.  But I just looked at what was Navcoin and was surprised to see that it's been rebranded to "Navio".  This is from a Medium article dated July 11, 2024:



Just take note of all of this we stuff, and the community discussion that's mentioned.  Navcoin might have always had some kind of dev team, but over the years it morphed into a DAO.  Meanwhile, the one-year price chart looks like this:



Don't know about y'all, but I get the feeling that some massive changes were made that a lot of NAV holders (or a few big ones) thought were going to send the coin down the shitter and sold out.  And just one last thing since I'm guessing nobody is going to even read this post.  This is from the new Navio block explorer, which has a link to the "rich list":



The way everything is written there makes me picture a scammy Youtube huckster winking at all the suckers, hyping up Navio whilst not even believing his own bullshit.  Any time there's a DAO and proposals are constantly being made, you can bet your ass most of them are going to be self-serving and not in the interest of the community.  The smartest thing Satoshi did was to create bitcoin's framework and let it be (though there's been some controversy about whose hands he left continuing development in, but that's another story).  Don't you miss the good ol' days before these silly DAOs?
2  Economy / Exchanges / Xeggex data breach, etc. on: February 14, 2025, 12:27:33 AM
I didn't see this posted anywhere in the Exchange section, and I know Xeggex has become quite popular among those who dabble in some of the more obscure altcoins, so I'm starting a thread on this.

Looks like they had some kind of hack per the announcement on their website:



And here's the "more info""

Quote
Incident Status

Current Status: Restoring data

On February 3rd XeggeX experienced a security break and data loss. We are currently working to restore user information and balances.

What happened?
There was a breach onto the laptop of the primary system admin. This laptop had access to all system resources. Database collections were dropped, telegram was deleted, and other things were done on the laptop to make it inoperable.

What are we doing to restore service?
As we were unable to fully restore the database, we had to rebuild peices of of from other sources. Due to this, it has taken some time to collect and parse the data to rebuild parts of the database. There are some user records we were not able to associate with an email address. We will be making an account restore function for these users. Since records such as trade history, deposit history, and withdraw history are missing information we will be starting just from an initial balance on user accounts based on balance information at the time of the incident.

When can I login?
We hope to have user logins restored within the next day. If you have issues accessing your account when we open user logins, then please contact support.

When can I withdraw?
We will start opening assets for withdrawals as we do a security review on them. This will be asset by asset as we finish each review and not all at once. We have no timeline for how long this may take at this time but will work as quickly as we can.

Will the exchange continue to operate?
This is undecided at this time. Our current priority is to getting users access. After this we will decide what we will do next.

Other notes:
We want to make it clear that this affects the XeggeX exchange only. Some users think that XeggeX and NonKYC exchanges are owned by the same people, but in fact they are not. NonKYC is a completely separate system and ownership. The only thing similar is that they are using a version of the XeggeX software for their exchange.

Some other users have asked if Nayiem Willems was an owner of XeggeX. The answer is no, he was never involved with the exchange. There were discussions years ago about collaboration, but nothing was ever agreed to and he went on to work on another project. He has been receiving a lot of undue harrassment since this incident occurred, and we want to make it clear that he has no involvement with anything XeggeX does.

Looks like this was one hell of a clusterfuck.  Not quite the magnitude of Mt. Gox, but apparently their security protocols were similarly lousy.

Hope nobody had a lot of coins on there, because as of right now their future isn't looking too promising.  Curious to hear opinions from the community.
3  Economy / Collectibles / Odd eBay find, not sure what to think on: January 18, 2025, 09:40:33 PM
Nor am I sure if this is even the right section to post this in, but I came across this on eBay and while it looks pretty neat, I'm not sure what exactly I'm seeing:



Was there such a thing as a BTC savings bond issued by somebody in 2018?  I was thinking this might be more appropriate to bring up in the Collectibles section, but the members who frequent this section are pretty damn knowledgeable.

I don't know if the disclaimer can be seen in the pic yet, stating that papersafe bears no liability for blah blah blah, but am I right in guessing that this is a scam or a counterfeit?

Edit:  how the hell do I adjust the image so it can be viewed properly?  Like the ideal width and height.  Grrrr.
4  Bitcoin / Bitcoin Discussion / US national bitcoin reserve fund....? on: November 14, 2024, 08:31:03 PM
Has anyone seen this article?  Bitcoin has been getting a lot of mention on Yahoo Finance, some of it interesting, some of it not--but this write up had me scratching my head.

There's a senator apparently proposing this, but then there's an explanation by some guy George Tung from CryptosRus, which I've never heard of (and I've not googled it).  In any event, this so-called reserve fund is supposed to be earmarked for repayment of the US's debt, something I'd find extremely risky at best given how volatile bitcoin is.  

In order to justify the clickbait-y headline, there's some speculation that other countries might also start buying in an act of global keeping-up-with-the-Joneses, which in the media constitutes an arms race.  As to why those countries would need to follow the US's bitcoin buying spree, who knows?  No need to explain that when the writer of this can then add in corporate purchases and make the leap to this:

Quote
he scenario Tung describes grows even more intense if corporations join the race, such as BlackRock's speculated involvement. He asserts, "If four entities try to buy 40% of the supply...that alone will drive bitcoin into the millions." He highlights how limited the global supply of bitcoin is, mentioning that even smaller countries, like Bhutan and El Salvador, have already started acquiring significant amounts of bitcoin.

Fundstrat analyst Sean Farrell recently used the same logic to say he may need to adjust his $115,000 price target higher.

I'm curious as to what you all think about this article, this idea, or anything related to it.  Me?  I think it's total BS (though definitely bullish), but I tend to scoff at most crap that gets published online, especially if it's financial news--but I never rule out the possibility that I'm being a moron.
5  Alternate cryptocurrencies / Altcoin Discussion / How can a coin get "bought out"? on: September 29, 2024, 11:55:42 AM
I used to follow PoS coins a lot back when they didn't have these silly little DAOs that centralize what's supposed to be centralized and stakers only had to keep their wallets running in order to stake instead of having to delegate to those with more wealth.  One of those coins from back in the day was Neblio (Heard of it?  Anyone?).

For shits & giggles I visited Neblio's CMC page and then took a stroll over to its Reddit page, where I found this comment in the second-to-most recent thread:



Nobody in that thread elaborated on what was said about Neblio's team selling the coin to some sort of pump and dump team, but I just can't figure out how that would work.  Sure, the owners of the website could sell the domain name and the site's code but that wouldn't prevent a community from continuing to maintain the blockchain, right?  Can anyone provide some insight as to what might have happened or if the above quote could somehow be true?

Another coin I used to follow was Bitcash, even though it was never a PoS coin.  Now, if you click on the link to the website from the CMC page it takes you to some bizarre website, and it's obvious in this case that either the site was sold or the original owners just straight-up changed it to something completely different.  Oddly enough, it looks as though the blockchain is still going even though nobody is mining it...?  Kind of the same thing with Sinovate; nobody is mining it but it's being reported that people are still staking it.

Anyway, input is welcome.  Shitposts are not.
6  Economy / Reputation / Since Richbased locked his thread.... on: February 15, 2024, 04:48:28 AM
I had the thread about someone "impersonating" his wallet address open while I was doing other things and by the time I got back to it, it was locked.  However, I read through it and found that I'd also gotten a PM from agbamoni basically pleading his case and blah blah blah.  I wondered why he dropped me a note about this, and then I realized I'd recently done a post history review for him and that the reason why he wants his reputation intact is so that I'll keep doing reviews for him.  There's no other logical reason I can think of.

The reason I started this thread is that I wanted to get some more thoughts about these two members, whether they're really alt accounts and if there's merit abuse going on.  It doesn't make sense to me that Richbased would start a thread to complain about his alt account using an address of his except if it's a smokescreen devised to make it look like they're not connected.

Richbased hasn't asked for any reviews from me, but he's been an indirect recipient since agbamoni has sent him some merits.  That being the case, I've blocked PMs from both of them and won't reverse that unless I'm convinced these are two separate people (and from reading the original thread, it sure as hell doesn't seem that that's the case).  Share your thoughts, please.
 

Note: this is a self-moderated thread, as I saw some very low-value posts in the other thread.  I'll grant a lot of leeway and will only delete posts if they're zero-value and/or obviously fucking retarded.

7  Economy / Currency exchange / [H] $90 btc [N] PayPal preev 1:1 on: October 26, 2023, 10:45:29 AM
As stated in the title, I have 0.0033BTC and need PayPal funds at preev 1:1 (roughly $113.36)

I will not send first unless you have significant green trust or if I've done business with you before.

This will be a neutral feedback transaction.

Send me a PM if you're willing to help me out, as I might miss seeing this thread if you post here.

Local rule:  Please do not post here unless you're interested in doing this deal and are at least a Sr. Member or a member I've done business with before.  PayPal is very risky because of the chance of chargebacks, but I have never done this and won't ever.

I might be asleep for a while, so I'm going to lock this thread until I get up and can do the trade if anyone's interested.


I'm awake, still looking to trade.

A'ight, that was quick!  Deal done, locking thread for good.
8  Bitcoin / Hardware wallets / Ledger's laying off employees. Thoughts? on: October 06, 2023, 06:59:04 AM
I've been checking the Ledger subreddit pretty often since their idiotic, trust-destroying Recover service was announced and looking at it today, I saw a thread that linked to a Twitter post that in turn linked to some other source saying that Ledger is laying off 12% of its employees.  Having read through the reddit post, I'm seeing opinions about the cause of this ranging from "this is expected during an economic downturn" to "Ledger fucked themselves because of Recover and/or the behavior of their CEO".  Those aren't direct quotes from the post, by the way.

Frankly I was expecting a thread about this on bitcointalk, but apparently there isn't.  What do you guys think about this development?  Was it mentioned on any crypto news sites?  The reddit thread also mentioned that Ledger has something like 500 employees, which seems like a hell of a lot for a company that basically makes 3-4 products (unless a lot of programming/coding is needed).

I also wasn't aware that there were very negative opinions about Ledger's CEO.  Very interesting.
9  Economy / Reputation / superman184 account is either bought or hacked, need help sniffing possible alts on: September 30, 2023, 09:14:54 PM
This thread is to serve as a reference for my negative trust on the member in question.

I decided to get off my ass this morning and start spreading some merits around, and a couple of PMs into my backlog of requests for post history reviews I came across one from superman184.  I checked his registration date, looked at his merit count and kind of scratched my head.  After un-ignoring a bunch of sections I was able to see that he started off his lousy bitcointalk career on June 28, 2017 with a post in the Indonesian section (forgive me, I forgot how to quote posts from locked threads):

Quote
ane sejak 2013 main bitcoin dalam satu tahun berhenti karena kalah dalam taruhan dana nya hasil dari stellar dulu 0.6 btc waktu harga masih murah, setelah kalah ane pensi jadi kagak main btc lagi ini mulai lagi gan mencari hasil dari btc 2017, vakum 3tahunan

No idea what that means, as I don't speak the language.  His first post in the English section on January 5, 2018 was this:

Quote
oh god it was still a long time ended participation for bounty earth token this, i just read and asked, hope not disappoint only and success always to token earth greeting profit.
do we have to show a reply about the reposts of fb and twitter we repost, I do not think there is a rule asking for it, what should?

Obviously homeboy's grasp of English is straight-up bad, bad, bad.  He continued to post here and there in the Indonesian section and used the same quality of English his main section posts up until July 18, 2018, after which there was no activity on the account until September 20, 2021 when he came back with this:

Hi I am new to crypto and wonder what are some of the best technical indicators to use for trading?
According to my experience in trading in cryptocurrency more to use the Moving Average (MA), because MA is an indicator of the trend-line moving lagging, or slower than price movements. The moving MA line indicates an uptrend or bullishness, while the downward MA line indicates a downtrend or bearish trend. I also use two MA lines with different periods to determine the open position signal. For example, MA 20 and MA 50. MA 20 which is MA 50 from top to bottom produces bearish signals, so I can open short positions. On the other hand, if the 20 MA 50 is from the bottom up, this indicates a bullish signal to open a long position.

If you compare the two posts in English that I've shown, the jump in proficiency is incredible.  You might say that one could improve one's language skills considerably over the course of 4 years, but I would argue that going from this:

Quote
in my opinion many benefits from the best project token earth here is the existence of a comfortable and clean environment. because the earth is old and added more natural damage caused by humans so that the weather on earth is so uncertain because of the human hand itself

to this:

Since the popularity of AI, a lot has changed in so many sectors;

1. Students now rely much on it for their assignments and it's almost difficult to engage the brain in constructive reasoning since AI can always come through for them
This only happens to students who already use the internet every day and continue to use the internet when they know that (AI) can really make it easier for them to complete the assignments given by their teachers at school. So his own reasoning and thought patterns will not work when he is not dealing with the internet because he cannot access AI to complete every existing task. So when this happens, should we blame the AI developers or should we advise every teacher in school to check all of their students' work using special checking technology that can detect AI thoroughly?

Quote
2. It has affected the graphic space since you can just do an AI portrait, or simple graphics for yourself using the AI tool, and the graphics guy is technically not needed anymore.
When graphics experts are generally no longer needed and no longer paid well because of the presence of AI, this makes me think of aerial cameramen whose work is no longer needed since the advent of drone cameras. So in general, graphic experts are also very disturbed by the presence of AI because their work is no longer valued expensively by people who previously needed special services from graphic experts. There is also a need to find a solution for this so that graphics experts can continue to develop their skills, even if it is not to beat this AI.

Quote
3. The coding guys are not even left out and although it has its advantages in all these sectors I feel it also has done a huge damage in increasing the rate of laziness on the part of the youth.
Because the aim is to make things easier, of course the level of laziness among young people will naturally appear. This is also triggered by the complexity of creating your own coding so that on average beginners who learn about coding will choose shortcuts when they already know about AI and this also makes coding experts lose space to work as usual. So I don't know what solution to look for to overcome this because in fact it has happened like that now.

Quote
We are enjoying the ease that comes with doing things using AI at the snap of our fingertips but I fear that over dependent on it might have serious effects on society, in the years to come.
There will definitely be an impact if it continues to be used and relied on excessively because when everyone no longer relies on their own minds and tends to rely on AI for everything, and what is really feared is that the minds of all humans will always depend on AI without any sense of creating their own new things in his life. Even though everything that can be detected by AI now also comes from the creations of all the people who already exist on the internet.

....isn't reasonable, especially not for a shitposting bounty hunter/sig spammer.  In addition, all posts in the Indonesian section stopped in 2018.

For the reasons I've given above, I'm tagging superman184's account, and I would ask anyone who's willing to see if they can find any alt accounts this guy has, because members like him are like cockroaches.  If you see one scurrying around, there's probably a zillion of them hiding out where you can't.  I've been getting a sinking feeling in my chest lately that there are a lot of members asking for post history reviews for themselves and for who knows how many of their alt accounts as well, and I think I'm going to have to either rescind my offer or modify my requirements.

Thanks in advance, guys.
10  Bitcoin / Bitcoin Discussion / As I was browsing Charles Schwab's crypto offerings.... on: August 22, 2023, 10:37:03 AM
First off, I apologize if any of what I'm mentioning here is old news or has been discussed in other threads.  The search function on bitcointalk is fucked beyond belief.

For no other reason than I'm awake early with nothing to do, I was looking through my brokerage account's various investment strategies, and I came across a category for crypto--my broker is Schwab as I mentioned in the title, and compared with TD Ameritrade or even Scottrade before the buyouts happened, they blow monkey balls in terms of site navigation and UI.  Anyway, on the one hand I'm damn happy bitcoin (and crypto more generally) is getting serious recognition from institutions as starchy as ol' Schabby.

There's no straight-up bitcoin ETF, of course, but Schwab offers these:



After looking at the Schwab Crypto Thematic ETF, it's clear that if you bought in you wouldn't be buying any coins, any fund with coins, but probably a business or two that might own some crypto.  Meh.  I didn't look at the other one, which is likely even weaker tea.

Next we have the "Crypto Trusts"":



Now these I think I might have heard of before, and this is where I'm thinking that I could be treading on old ground.  But I never actually realized that these "trusts" are traded as OTC stocks.  Of course when I clicked on a couple to see the details, there's pretty much NO information on any of them provided by Schwab.  The only thing I gleaned about the Grayscale Bitcoin Trust shares is this:



This is apparently a fund that holds bitcoin, and I'm not really sure what the difference is between it and a bitcoin ETF.  But in any case, you've gotta laugh sardonically at the
Quote
less the Trust’s liabilities (including estimated accrued expenses)
statement, because how many expenses can there be for just being a fund that holds/tracks bitcoin and bitcoin only?  It's not as though it needs to be actively managed, but the net expense ratio is 2%!

And finally, there's Schwab's recommendation for people who really, really don't want to get their hands dirty with crypto but might want to dangle their toes in the muck.  These are regular ol' plain-Jane stocks that presumably have a tangential relationship at least with crypto:



Coinbase, Microstrategy, and Riot definitely make sense. 

PayPal, maybe.  They're just getting started with whatever it is they're eventually going to fuck up. 

Overstock?  I know they accept crypto and I don't think they use a payment processor like many other businesses do that accept bitcoin or other cryptocurrencies, but I'm not sure how much they hold at any given time or that it'd be a good play on bitcoin in any case.  They're a retailer after all, and I'd assume that any profits or losses made by holding their stock would be due to their core business and very little to do with their relationship with bitcoin. 

Visa?  Guess I missed something important, because I would never have thought to buy their stock if I wanted exposure to crypto.

So that's Schwib-Schwab's crypto page in a nutshell.  Thought I'd share some of it for those who don't use them or perhaps have never even had an account with a stock broker.  I know there are a lot of young people on the forum who might not have had the chance yet--and let me suggest that if and when you do decide to open an account to make stock trades, steer clear of Schwab.  There are much better brokerages out there (I remember E-Trade circa 2002 and it was kick-ass even then).  And pssst: stay away from Robinhood as well.  They just flat-out suck.
11  Bitcoin / Electrum / OK, I have to ask about this Electrum thing I saw on craigslist.... on: August 07, 2023, 11:31:57 AM
I have a habit of browsing for stupid crypto-related stuff on the internet, and I happened to be on craigslist and did a search for bitcoin.  This is one of the results that came up, from a guy apparently buying large amounts of BTC at 12.5% above market price.  Oh, and:

Quote
I have an ID verified LBC/paxful account and I’m a pro trader. Unfortunately, they are closed now.

Lol.  But this was the image he used in his ad:



This is not the Electrum wallet we're all discussing in this section of the forum, right?  Admittedly I haven't kept up with any new developments but I probably would have heard about it if a software wallet managed to crack the problem of trust and the need for an escrow agent when two people transact bitcoin.  And that link is obviously not to Electrum's website; there's no way I'm visiting it without knowing what it is.

Anyone see something like this before?

Edit: Not sure if it's appropriate to keep that phone number in there, but it was made public in the craigslist ad.  Don't want anyone to crank call this....guy.  Or spam him or enter that phone number on various websites that require phone numbers.  Know what I mean?   Wink
12  Economy / Collectibles / *Eek* A humble question from a Collectibles section irregular. on: August 07, 2023, 04:28:06 AM
No bloviated preface like I'd normally write here.

I've reached a certain point in my life where my need for cash to live on far outweighs my need for new bicycle parts, underwear, haircuts, toilet paper, and collectible HW wallets.  Regarding that last one, I am trying to sell off some of my puny collection on eBay but they have a knack for locating sellers' orifices, finding spots for new ones, and then violating all of them until you're left with dust--which the government then taxes, but that's another story.

So I have this Coldcard Genesis Edition:



And the member I got it from will recognize it instantly, and to him I apologize.  Is there any interest in one of these?  I know I could hold an auction, but I'm reluctant to because I've never done one.

I've also got a few 2022 Ballet Lunar New Year cards and was wondering the same thing:




Any input (not of the eBay variety if you know what I mean) would be greatly appreciated.  You guys know this stuff like walking encyclopedias, and I feel like a palsied dollar store novel.
13  Bitcoin / Hardware wallets / One of the worst examples of a "HW wallet" on ebay I've ever seen on: August 03, 2023, 09:37:20 PM
This ebay member:



is selling this:



loaded onto which is this crazy-looking, never-seen-before software wallet:



And it's ONLY $30!!  Ladies and gentlemen, I think this genius might just have put Ledger, Trezor, Keystone, and all the way down to Keepkey out of business.  Get 'em while they last.

Sarcasm out.  Can you believe this crap?  The dude would only have to sell one of them to make a profit, since that USB drive was likely purchased in a pack of 100 for pennies.  I found his listing a week or so ago, and I'm happy to say that he doesn't seem to have gotten any bites....yet.  The seller is operating out of North Carolina.  Hey, Quickseller:  isn't that your neck of the woods?  I could swear Vod doxxed QS and he was from that state.  Or it could be S. Carolina.  In any case, that's not an accusation, just my rambling thoughts.

In the very old days of ebay, you could leave any feedback you wanted for any member for any reason (sort of like the system here).  When I see scams like this, I wish I could just hand out a negative without having to buy someone's item.
14  Bitcoin / Hardware wallets / Another crap Amazon wallet find: Material Bitcoin on: June 30, 2023, 10:59:09 PM
HW wallets have kind of fascinated me since I first learned of them, and I often check Amazon to see what new products are coming to market--for lack of a better place to browse such information; if anyone has a better idea, I'm all ears.  Anyway, I stumbled across this piece of garbage today (hopefully the image shows up, as it's my first time using talkimg.com):



This looks to me to be a less useful variation of a Ballet wallet, with just one BTC address and private key.

The kicker is this statement:
Quote
VERY SAFE: Your bitcoins are kept disconnected from any network, without electricity, so they are impossible to hack. In addition, we do not store any private keys, nor do we have any way of accessing them.

Well, ya fuckin' generated the private keys for all the wallets you made yourself, so sure you won't be able to access them after you've distributed them to resellers, but just like Ballet wallets you have to trust that you didn't make a master list....and Jesus, if you can't even trust Ledger anymore, why in the world would anyone trust Material Bitcoin?  Unless I've missed it, they're an unknown manufacturer with no reputation.  

Blows my mind.  But it doesn't look like many people have bought this wallet so far, as there aren't many reviews and the ones that are there are probably shills.  And look at how much they're asking for this piece of shit!
15  Economy / Collectibles / Snooty, snobish, and fugly fountain pen wrapped in an NFT? on: April 16, 2023, 11:24:32 PM
First of all, am I allowed to say "boner" in this section?  It's been a long ass time since I've browsed Collectibles, and while looking to see whether what I'm about to mention had already been mentioned I couldn't help but notice all of the fantastic threads that I've missed out on...and I'm going to admit that my subsequent state of arousal almost reached boner state.

This is not bitcoin related, but it is crypto-related and it is definitely a collectible: https://pirelli-montblanc.com/

For those of you youngins who might not even know what a fountain pen is....go look it up.  Suffice to say that nowadays it's a very niche market and some of the higher-end ones can get pricey to say the least, as they're usually hand made and have gold nibs and often some kind of other precious metal(s) on the barrel and/or nib tip. 

So whilst idly browsing the Tron subreddit and seeing what those losers have to say, I was shocked to see the above link.  Montblanc is one of the best-known premium pen manufacturers, so this isn't some kind of cheap pen we're talking about here in terms of quality.  It just blew my mind that Montblanc is somehow producing a pen commemorating Pirelli and, for some unknown reason, throwing in an NFT unique to each of the 72 pens that'll be produced.  Talk about jumping on a bandwagon.

I already contacted a fellow pen/bitcoin enthusiast about this, and hopefully he'll post here but I'm curious what all of y'all think (if anything).
16  Economy / Exchanges / StakeCube-->toilet, whilst seemingly imitating SBF on: January 20, 2023, 01:56:37 AM
I was just farting around on CMC, browsing through shitcoins that used to hold my attention and by looking closely at Reddcoin and their website (and in particular which exchanges RDD is traded on), I came to learn that StakeCube is apparently going bust.  What caught my attention on their website was this quote from Oleg, who's presumably running the show:



The blame is being laid on massive outflows of coins and the illiquidity of their proprietary shitcoin, SCC.  In that long and rambling screed, I don't see blame being placed on anything with lungs and a heartbeat.  Now I'm not too sure how many of you are familiar with StakeCube, as their niche was PoS coins, ones with masternodes and the like, and they were damn small.  But I'm baffled as to how, as Oleg says, SCC was--or even could be--used to pay for real-world goods like servers.  There ain't a damn shop online or with four walls and a door that accepts obscure shitcoins like that, so am I wrong in assuming that StakeCube created SCC out of thin air and then sold it for another coin (like btc, ltc, or one of the ones you can actually spend) in order to finance their operations?

Is this the reason why most exchanges nowadays have their own proprietary coins.  SBF was straight-up scamming, which was separate from the success or failure of FTT and would've been exposed eventually had FTT never existed (in a perfect world at least).  I'm not sure what Oleg and StakeCube were doing, but I don't think they were scammers.  I'm just baffled that so much was riding on this shitty altcoin, which Oleg had to know was pretty illiquid.  Blows my mind.

And finally, this quote just had me slapping my head:

Quote
So, everything was just a lie?

No, it was business as usual for everyone, everything announced in the newsletters (roadmap, v3 development, etc.) did happen, and it was never the plan to act like this – on the contrary – everyone in the team worked their ass off, no matter all the FUD coming from the community, in the hope that the crypto market would recover and we would be able to release updates and v3 in time to get back on track.
FUD from the community....uh, OK.  It seems very clear to me that whatever fear, uncertainty, or doubt existed was 100% justified.  That victim card that keeps getting passed around is looking frayed and tattered.

Curious to hear what you all think.
17  Other / Meta / *Ended* Post history review offer on: December 07, 2022, 11:45:36 AM
Sad to say this, but given the fact that Theymos kept silent when I requested more sMerits I'm no longer going to be doing post history reviews on request.  I have a number of members who've been PMing me from months back, and those are the only folks I'm going to continue reviewing posts for.  So if you're not getting a bunch of merits from me in the near future, you didn't make the cut (through no fault of your own).

I've simply had too many requests and too few sMerits.  I seriously considered quitting the merit source position as a FUCK YOU to Theymos, but that would just be an emotional reaction which ultimately wouldn't help the forum.  But I'd still like to state it, and I think I just did.

I'll leave this thread open for a few hours if anyone wants to comment, but I'm not going to be answering questions about whether individual members are going to still have their posts reviewed, because as of right now I have to go back and check all my PMs.
18  Economy / Exchanges / Kucoin, you're getting worse and wasting your customers' time. on: September 04, 2022, 07:00:41 AM
I've got gripes about Kucoin's usability and want to air them here.

One thing I noticed the first time I used Kucoin is that there are two different accounts you have: Main and Trading, and there's absolutely no need for that to exist.  I say that with confidence because no other exchange I've used has anything like that.  Transferring funds between main and trading accounts is time-wasting, and recently I found I have to reload the page of the account I just transferred coins to in order for them to show up.  Kucoin, get rid of that shit, please.

The worst offense is the withdrawal process, though, and it's only gotten worse over time.  This is the process:

1. Move traded coin from Trading to Main account.
2. Initiate withdrawal by clicking the withdrawal button.
3. Click a pop-up confirmation.
4. Select the coin's network from a drop down menu, click it and then click OK.
5. Enter withdrawal amount.
6. Enter your trading password.
7. Go through the SMS verification.
8. Click another confirmation pop-up.

Kucoin, that's too many fucking steps.  

Why bother having users click on a network for coins where there's only one network?
Why so many confirmation clicks?  When people want to withdraw, they've already initiated the process.  All of that clicking, when it's done many times over a long period of time, is an enormous waste of your customers' time.  As is the existence of a trading password.  As is the existence of the dual-account structure.

My experience with Kucoin has only gotten more cumbersome with time, and I'm going to bring this thread to their attention.  What do you guys think?

Edit:  Well, I sure as hell can't figure out how to contact Kucoin quickly, so perhaps I can't let them know about it.  I started up a help chat, but the response I got was that they couldn't understand what I wrote (it's a bot and the link I put in it might have triggered that response).
19  Other / Meta / Eh, I should know the answer to this...but I need help. on: September 01, 2022, 04:47:54 AM
I'm tellin' you, my peeps, ever since I started that thread with my rules for requesting post history reviews, I haven't been able to keep up!  But that's made me curious about merit statistics, which I never really gave much thought to in the past.  Recently I saw this and was chagrined to the wind:



Here's my issue: I visited BPIP and Ninjatastic Space looking for who the banned members are that I merited, and if that info exists on either of those sites, I'm totally missing it.  But I know for damn sure there are bigger brains than mine in these parts, and I'd like to tickle said brains for an answer. 

The problem is that I've browsed a number of people's post histories without giving a single merit, and I'm generally careful about handing out merits to newbies unless I'm sure there's no plagiarism involved--I even reported one of my requestees for plagiarizing something, but I can't remember if I'd already given him a merit or two.  I don't think so, but that still wouldn't account for me being at the top of that ignominious list.

And yeah, I get that it's data for the last 180 days, but still.

Thanks in advance, you big-brained brethren....and sistren.
20  Other / Meta / [Paused] Rules for my post history review offer *updated* on: August 17, 2022, 05:24:33 PM
I'm posting this in Meta based on actmyname's thread from 2018, which is quite similar to this one.  If there's a better section, I request the mods either move it or tell me where to move it to.

I've offered to review members' post histories a number of times in various threads, and based on my experience with doing it I wanted to formally write out some things that I find myself repeating in PMs:

I.  The offer is open to any member below Legendary rank and only those who don't already have enough merits to reach Legendary.

II.  You just need to send me a simple PM asking for a review, and I'll be happy to do it.  You don't need to be humble and apologize for doing so--believe me, if I thought anyone was wasting my time I'd tell them, and I wouldn't have even offered to do these reviews in the first place.

III.  When you PM me, please list the specific sections you post in, especially any of the altcoin sections, the gambling ones, Bitcoin Discussion, and Speculation.  I have a lot of sections on ignore, so when I'm doing reviews I have to un-ignore sections in order to merit any posts within them (hey Theymos, could you change that by any chance??).  Just write something like this (don't worry about capitalization and the like):

1. Speculation
2. Altcoin (mining)
3. Altcoin (speculation)
4. Trading discussion

You only need to do it once, as I'll save your original PM.  Note: I don't review posts in any of the local boards.

IV.  You can request a review once every 30 days at the most.  That's because there's a limit of 50 merits per member per month that can be given out, and oftentimes I do end up handing out a full 50.

V.   I make no guarantees that you'll be given any merit at all, much less 50 at a clip.  If I think your posts are sub-par, I'll usually give you a suggestion or two as far as ways to make your posts stand out.  But basically what I look for is thought and effort, not length.  I can assure you, I've been reading posts from bounty hunter spamming shitposters for years and can recognize a bloated load of nonsense within a few seconds.  Grammar and correct use of the English language help, but I'm looking for posts that took some effort and had some thought put into them, so don't worry if English isn't your primary language--you definitely don't have to be perfect, just clear enough such that your post can be understood.

VI.  If you PM me with a request and it's clear you haven't read my rules (especially III above), you're asking me for another review in less than 30 days, you should have known your posts are complete wads of shitty asswipe, or in any other way prove to me that you're a bonehead even before I take a look at what you've written, I not only reserve the right to refuse a review with no response whatsoever, I might just ignore you, block your PMs, or even report some of your shitposts.  

VII.  Please don't send me a reminder PM if I obviously haven't done a review for you within a few days, a week, or even two weeks or more.  I've been getting more requests than I can handle with the amount of sMerits I'm allocated, and Theymos refuses to increase said allocation.  If you send me a request and I'm unable to give you merits because I'm out, your PM will stay in my inbox until I get to it.

Please, one of my berzerk buttons is people who waste my time.  If you do that, keep in mind that I'm the type of man who bears a grudge.
_______________________________________________________________________________ ______________________________

So those are my basic rules.  I'm going to leave this thread open in case anyone wants to make comments, suggestions, or anything else.  I don't need people to thank me; I'm a merit source, and I do this to keep the system working because I believe in it and know what the forum was like before Theymos created it.  I'd actually be grateful for any critical feedback.
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