So far BTC has done multiple tweaks to do better with small transactions.
bc1 has better fees
legacy 3 addresses have better fees
LN have better fees
but even with all that network clogs an 100 or 200 sats a byte are needed.
I can safely send 10000 usd worth of LTC for as low as 0.00000134 ltc or under 1 tenth of a penny.
BTC simply needs to give up the idea they can match LTC/Doge for cheap fast sends
and think of btc like a bus or train it would be far far far more realistic way to promote the 3 most important pow coins.
Bitcoin blockchain can not compare with altcoin blockchains in transaction speed and transaction fee (cheap). Litecoin or Dogecoin can be a very good choice if you want to have cheap transaction fee and also faster confirmation time too. However, they are more fitted for small transactions and even you can do your transaction with value like $10,000 through Litecoin or Dogecoin blockchain, if the value is bigger, Bitcoin blockchain will be a better choice or the only choice. https://howmanyconfs.com/Litecoin or Dogecoin blockchain can be used too but if for high valued transaction, I will split it too many transactions and broadcast them on different days. If you are patient enough to wait for at least one confirmation then you are no longer vulnerable to race attacks or Finney attacks. Now your only concern is 51% attacks. What's the rule of thumb for an acceptable number of confirmations?
1 confirmation: sufficient for small payments less than $1,000.
3 confirmations: for payments $1,000 - $10,000. Most exchanges require 3 confirmations for deposits.
6 confirmations: good for large payments between $10,000 - $1,000,000. Six is standard for most transactions to be considered secure.
10 confirmations: suggested for large payments greater than $1,000,000.
With Litecoin or Dogecoin blockchain, it needs to have more confirmations to avoid 51% attacks but if something is already wrong, waiting more hours can not help my money safe. |
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So I suggest that all discussions concerning the mixer announcement be made under theymos's post. In order to make this more effective I suggest the announcement also be pinned in the meta board also till the deadline (Jan 1st) just like most important posts on the meta board. Thanks
Your suggestion will go with the wind because people will continue to create new topics to discuss about the same thing, again and again. Because of many reasons such as - They don't spend time to read titles of 20 topics at a first page of each board, simply create their topics.
- They don't spend time to search for available discussions about that issue.
- They abuse topic creation to cheat campaigns to avoid the rule, posts after page 5 will not be counted. Okay, they go ahead proactively by creating new topics, again, again, then their posts will be very fitted with the campaign rules.
- To fish merit as well
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By Apps, I am more keen on you are mentioning applications for mobile devices. I can not be sure is it what you meant but if you meant it, I have a reminder for you. - Mobile devices should never be where you store all your bitcoin.
- Consider your mobile devices as your hot wallets and we all know (I hope you knew it too), hot wallets are vulnerable to hacks and more risks than cold wallets.
- You must afford to lose your mobile devices and your coins on those devices, basically consider them as your hot wallets that can be easily compromised.
- By installing many apps on 1 mobile device, you are taking more risk.
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I've seen some recommendations to go to the altcointalks.com forum.
This is fun, bitcoin services are moving to the altcoin forum, while on the Bitcoin forum, we can't defend against alt/nft/token spam.
I joined some forums but Bitcointalk is the best. I like it interface and simplicity than other forums, that is first impression and I never like other forums because of their interfaces and too many ranks, icons that looks very messy. Next is more important, quality posters are in Bitcointalk and other forums can not compete with it. If you mention about altcoinstalks.com forum, why don't mention about Bitcoingarden forum? I don't like it too but I summon it here because the admin and owner of Bitcoingarden has an account on Bitcointalk and he is still actively. Maybe waiting for chances to get some prominent members from Bitcointalk to Bitcoingarden.  This user S3cco |
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I dont know if there is a username involved, but there is a wallet naming and a password to encrypt the wallet. These are only required to access the wallet on the device where it already loaded up. You will not need them on a new device where you want to load up your wallet again. There you will need the seed phrase once again and after that you can encrypt that wallet with a different password.
The user perhaps implied about the name of his wallet file. I did not see people mention about another backup method, the wallet file. Ideally, the wallet seed phrase must be backed up first because with it, a wallet owner can recover the wallet anytime, on any new device. Secondly, he can use the wallet file as a backup but it is a digital file and will need a password to access the file and private keys in that wallet. So if he has a wallet file backup, he will need a wallet password. With a wallet seed phrase, when recover the wallet, he can set up a new wallet file name and a new wallet file password. Wallet seed phrase is most important for backkup. |
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Hello, I am trying to figure out if this website mercadobitcoinaps.com is real or not.
First of all, the domain name looks very odds but I can ignore it and consider it is a legit one. It was recommended by a friend of my uncle whom neither of us have met. My uncle has been using this site for crypto futures and recently had his account frozen. The site is requesting that he pay a fine in order to release his funds. Is this a scam?
Second, it is surely a scam site. Let me shill my very old topic. I am unsure what your uncle got but it is a similar scam method like I shared in the topic. You have to tell him to accept the loss and move on. Warn him that never send more money to that site, because sending more means losing more. |
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Forum rank: Legendary Member
1st choice of interested payroll: Legendary Member
2nd choice of interested payroll:
Merit earned in the last 120 days: 125
Bech32 address: bc1q2g23qg83gch4q5v8mygx4p5eqc56az82gzmka0
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That could be the answer since, I recently got this device. So a lot of software had to be reinstalled. But that's not what I'm worrying about. I worry about windows defender not detecting it.
Prevention is better than cure and you must know all AntiVirus Softwares can not protect your from all online threats. If you completely rely on those AVs, and think you will be safely with their shields, you are wrong and your risk will become bigger. And it's not that I got infected and the very moment I noticed it. I think I was infected for more then 10 days. There was no way of knowing, until I tried to make a transaction and made this discovery. That's what I don't like about it. This sly virus, not showing up anywhere until someone tried something related to crypto.
I see another wrong practice here. Immediately after you got a new device, you installed, imported your wallet on it. I can not know why you do it and what is status of your previous device. Assume you have your wallet on both previous and new devices, you are too hurry to take risk with your new device that I believe not is completely new when you got it. You can use Linux and TailOS |
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Members, reputable members. Was it better before back then when this forum was without merits or is it better or even much better now with merits?
Before the merit system, as consequence of cryptocurrency market and ICO booming in 2017 and 2018, the forum was flooded with shit posters. Merit system kicked off in January 2018 helped to indirectly eliminate shit posters because they have no available space to spam and get money for their 'works'. Then another wave of spam returned when those farms exchanged merits to rank up to like Junior member (without 1 merit required back in the day with initial merit system), then theymos launched an Enhanced merit system (with 1 merit required to be Junior member, previous junior members without 1 earned merit will be deranked to newbies). Spam reduced effectively and significantly again. Then the massive booster of monthly sourced merits caused another issue, when I can see many shit posters rising again. They wrote wall of texts and use those text walls as their fake marks of quality to exchange merit, rank up and spam to work. |
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There are many scam and dead exchanges, your list is too small. Cryptocurrency exchange graveyard. You will see many reasons to cause those exchange deaths and scam is one of reasons. Storing your money on exchanges is risky. |
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Off topic a little but this whole situation does make me wonder if managers should keep spreadsheets private? Who knows how many address are being watched at this point?
The point is it is not enough. It starts from the beginning, the Escrow address of the campaign fund. Because people usually ask for campaign fund in an Escrow address and some managers publicly announce that address, it is a start of nightmare. So if the Escrow address is known, nothing later will make sense even the whole spreadsheet is hidden and private. I know even don't announce the Escrow address will not make sure all campaign participant's addresses will not be blacked list when a service is sanctioned but maybe it will require more steps from the CIA. to do this. |
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If all mixer campaigns are stopped then many people will directly lose their jobs and many people are directly dependent on their jobs. So if there is a different plan without banning mixer campaigns, I think you should think about it.
Without mixers, there are many other campaigns for you. You only need time to see other gates open for you. You need patience, that's it. Your account was created in 2017 and it means you have gone through two bear market especially the 2018 and 2019 bear market. I believe you know how very little signature campaigns and available slots for each in 2018 or 2019. The current bear market since 2021, 2022 and lasts till 2023 is actually much much better than 2018 or 2019, with so many campaigns. If you exclude mixer campaigns, there are still more campaigns for you to join than 4 or 5 years ago. Think about it, don't think pessimistic and don't only think about yourself. You need jobs in Bitcointalk? First you need the forum to be lively, not a seized one. In the meantime till Jan 1, 2024, use some time to read Welcome message and stop complaining about it. The decision is made, and it is what it is. Even signature is a privilege, not a right! |
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Some years back, there were a good number of projects with a good intention to build their project to become very successful
Years ago, how many years ago? I see the same, years ago, many altcoins died and last two or three years, many altcoins died too. but it seems this time around, the space is polluted with more scam projects that are only after the benefits they will archive from the project; they don't care about the interest of the investor, and because these projects know they don't have a clear intention and they have some secrets they don't want the public to find out about
It is a common style to amplify and advertise their projects to investors like an innovative project that will be a Bitcoin killer, Ethereum killer, a game-changer in blockchain industry. Their project did not change any of those things but unfortunately changed life of many people, made them poorer or bankrupted. they know fully well that if they create an announcement thread on the forum, they might be entertaining some questions from some reputable members, and that is what they are avoiding.
Do they have to show their faces off if they make announcement threads for their projects in Bitcointalk? They even don't feel shameful to show their faces to convince investors. |
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All models are wrong so I don't focus on models. I only focus on this one More sustainably, Bitcoin must have use cases and utilities that I believe it will have more with time. Those things build up value, price follows it and up or down with market FOMO or panic effects. This article is interesting too |
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Bitmixer at that time was extremely popular and their earnings were incredibly high, yet the owners saw that they should stop before being tracked down.
I don't know what's going on right now with Sinbad but I am not very surprised to see that coming. Mixers should take on consideration the risks of running such service and where to operate it.
Some insights from the person who run an used-to-be a big mixer. The operator proactively shut down the service even it was very big, brought big income for the operator. After due diligent consult with his lawyer, he decided to step down and shut down the business, even did not want to sell it to other people. Some thinking from BITMIXER.IO Hi all!
Despite the huge profit we earn, we are closing our activity. Let me explain why.
I'm bitcoin enthusiast since 2011. When we started this service I was convinced that any Bitcoin user has a natural right to privacy. I was totally wrong. Now I grasped that Bitcoin is transparent non-anonymous system by design. Blockchain is a great open book. I believe that Bitcoin will have a great future without dark market transactions. You may use Dash or Zerocoin if you want to buy some weed. Not Bitcoin.
I hope our decision will help to make Bitcoin ecosystem more clean and transparent. I hope our competitors will hear our message and will close their services too. Very soon this kind of activity will be considered as illegal in most of countries.
It was a really very hard decision. Especially it was hard to drop this business because of incredible high income. But we never had any government or legal pressure, it is only my own opinion. I really believe in clean transparent Bitcoin. I really happy that Bitcoin legalized as payment system and currency in many countries, I actually didn't believe in this in 2011.
The government pressure doesn't work like "Oh man please close your service!". No way. They just come and arrest you for illegal activity. We are the privacy experts, it is hard or impossible to find out our location and personality, our servers are located in the country where Bitcoin is not considered as a currency, etc, etc. I could sell the business for our competitors for $5-6M, but I will not do this. It is important that you understand my position. I really revised my view about Bitcoin as a transparent system. Bitcoin has no future with drug/weapon traffic or any other illegal activity. This is my point.
Don't worry, we didn't keep logs, we deleted all used wallets, our servers never been seized, we had very strong mixing algorithm. We never collaborated with feds. All our clients are protected. We did our work honesty as described. About " I'm not a criminal. Why should I mix my coins?". I really believed in this years ago. But look, in 2016 we mixed about 1M bitcoins. What do you think what part of this sum was non criminal? I don't know, we provided just a tool and didn't ask from what source coins coming. But I guess not all of them was clean. I really don't want to earn helping criminals. It is not only personal. Bitcoin couldn't be accepted by general public and governments if it is a crime tool. No, no, no. Fortunately last years appeared special anonymous cryptocurrencies for this purpose. But Bitcoin has another big aims. It is a finance revolution, but not a crime finance revolution. I received a lot of questions by PM, let's clear the situation.
1. We are not under feds control, all our users are safe, all logs and old wallets deleted. We had incredible multiserver custom written Bitcoin software and outstanding mixing algorithm. It is impossible find out even the fact you used bitmixer (it is possible only by logs of your provider if you didn't use tor version). We didn't had linked wallets, traceable ip addresses etc. Don't worry about your past transactions.
2. We do not sell the domain name nor our software nor methods we used for mixing.
3. All I wrote is true. I've changed the view of this business and Bitcoin future. About question "is a knife good or bad tool?". If you sell knifes and you know that most of your clients are murders, will you stop your business? My pastor suggest me it is not a business I should continue. Sorry for that.
4. The message to other mixers. If even btc-e considered as money laundering service, what do you think about your business? Don't be innocent.
Very important message for our investors who still didn't take money. Please take your principal using your investor panel.
Thank you.
Mixers are not necessarily to be illlegal but see this point that is true for all mixers. Police can not catch criminals and they want to find alternatives who have to pay the cost, it's mixer. A cryptocurrency mixing service is not necessarily illegal.
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A serious question Do you use that smart phone to store your bitcoin, cryptocurrency, and your exchange account? If you do this, that device stores your money and seriously you should not use any extension and unnecessary applications on it. Security wise and it is for sake of your money safety. If you have a smart phone just for Internet exploration and don't use it for money-related activities like I mention above, it's okay to play around with extensions. |
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Indeed, it's a -1000 (there's no great mystery behind the disappearance of this MS) and a +200 (it's more a correction of an "anomaly" for this new MS).
I knew there are some changes because total merit sources number is the same but total sourced merit drops significantly. It's a long time I did not check that page and even when all stats are the same, there are possibly something changes internally too like increase and decrease of sourced merits among current merit sources. Thank you for your information Halab. |
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The two strategies, in my estimation, for dealing with Bitcoin are to fix fiat currency and, second, to promote an approach of ignoring Bitcoin rather than attacking it. In the first strategy, all the authorities need to do is to address the issues facing traditional fiat currencies. I bet if they can do this successfully, individuals will be less motivated to seek alternatives like investing in Bitcoin
They will fail as they have already failed many centuries. It relates not only to economics but also politics and politicians prioritize their career than benefits of citizens and they have power to use central banks for it. It's naturally for politicians to use such power to print more money as temporary nurture for economy but in a long term, it is harmful. Their national fiat currencies will lose purchasing powers but politicians usually don't think longer than 4 years or 8 years. In the second approach, by simply ignoring Bitcoin or avoiding direct confrontation through over-regulation or restriction of its use, Bitcoin would just remain in a corner and not emerge as a significant threat to the financial systems.
They can create more laws, regulations and barriers to prevent Bitcoin adoption growing more. They are more seriously to control centralized exchanges, Peer-to-Peer marketplaces and they also are trying to create a kind of competitive currency (CBDCs - Central Banks Digital Currencies) to get money flow of citizens into their controlled flow. They will somewhat succeed with the efforts with power they have but I have rights to make my decision from many choices and I believe technology will be developed more. Governments will always go behind their citizens in technology developments. |
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