The idea of holding 24 million dollars in an online wallet is so crazy.
Easy come, easy goes... Old news, but nice share.
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Training the police isn't enough. Police need to obey the law, and the laws aren't ready to deal with those scams and criminal activities related to cryptocurrencies yet.
More time is needed, and politicians and the society need to get involved in the construction of the legislation
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Yeah, but they probably won't do that. I found a lot of the discussion in Ivory Tower to be above my head in a technical sense so I've had it and Serious Discussion on ignore for a while now. I don't think there's ever been a problem with higher-ranked members spamming either section, though I could be wrong.
Most discussions there are not Bitcoin related , and are off topic There are some related to cryptocurrencies, but they are somewhat different from technical discussions boards. I see no reason to ignore that board, as it has a low post volume and overall the discussions are good. There is no spam, but there are some idiot discussions and topics which make no sense.but the overall quality is good
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After scanning and weighing the items, the shopper can select Cardano’s cryptocurrency Ada as a payment method and then continue with the checkout. Once the transaction is complete, a shopper leaves the store with a paper receipt that’s generated by the POS hardware device.
Why the hell would a shop accept cardano as a payment method? A cryptocurrency which loses 50-80% it's value in the last months. All those qr codes "innovations" can be done with bitcoin, which is much more solid. I believe those shitcoins are bad for adoption.
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Given that the Ivory Tower is supposed to be a discussion board for serious senior members, I think it is sad that more eligible members don't contribute there. I did my bit to try to encourage its use, but I couldn't fight the sig famine there.
Imo any rank requirement doesn't fit the criteria to post there. There should be an earned merit requirement. If the user manage to get 100 merits before 100 activity, he should be able to post there. On the other hand, a spammer with a legendary account shouldn't be able to post there either. I believe a 50 merit requirement would be enough
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Vod was left his feedback after all previous post, you can check now and see that there is no negative trust from any DT member.
He is green again now for me, I can confirm. You are good to go op. This new trust system is too harsh imo. Even having a lot of green feedback, one negative from dt2 is enough to make account red..
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He looks red to me, because of Vod's feedback, unlike others said. Maybe you could talk to vod about it? Send him a pm, he might reconsider
Vod is not in my trust settings, but someone from my trust list may trust him.
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- Lending platforms: the risks of them getting hacked, and or getting your account locked(unlikely but possible)
Worse than that: The lending service will probably just ran away with your money. There are few regulations for those exchanges and lending services, unlike banks. Do you know why we have so many regulations on banks? To prevent them running away with our money. But if you send your money to a lending platform in a tax haven in a country on the other side of the world... well, there is probably no law protecting you. Well airdrops, where money is given out, is practically free money. And having their value drop after you receive them is not really a risk (you didn't really invest anything to begin with).
Airdrops are not free. You are wasting your time (which is precious), doing KYC or linking your social media accounts (which is risky and you may become a target for hackers), and you will not receive anything (probably). Most airdrops out there never pay what they promise (which is small like 1-5 cents), and even those cents cannot be redeemable for bitcoin, because the volume is too small for most exchanges to accept it.
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I mean, I wouldn't touch any of these services either, but I don't see the point in trusting any web wallet. There is simply no reason to. There are 101 things that could go wrong and restrict your access to your coins, or even make you lose your coins altogether, which aren't a concern when using your own wallet. The biggest "feature" that I often see people talking about is how you can log in to them from any device, which is in fact a massive security risk, since the device or connection you are using could be monitoring your keystrokes or traffic without your knowledge. Although hardware wallets are currently the best option in terms of the trade off between security, portability, and ease of use, even a simple software mobile wallet is better than a web wallet.
i agree about the security. Web wallets are not good and hardware wallets are the way to go. I use a mobile, a browser and a hardware wallet. ofc 99% of my funds are in my hardware wallet. But it is good have web wallets available, there are some reasons to use one. Easy to use, good for adoption, good for newbies, etc... I don't know how things go where you live, but here people are very affraid to lose their money and, in general, are very suspicious about bitcoin. They believe it will go to 0 at any time, that it is a great ponzi scheme etc.... Only a few smart people have the open mind to try to understand it and buy a hardware wallet BEFORE buying their first satoshis. Most of the people out there use a web wallet or a mobile wallet first, because they are easier to use and more convenient. I think there is no problem to use one if you understand the risks involved, and the service is clear about that. For example, it is much safer to use a web wallet than to carry cash in your wallet in Brazil. I am carrying about $30 bucks in my wallet. I understand the risks, but it is worth. I won't become a poor guy if I lose $30, but it is very convenient to have some cash at hand. The same goes with a web wallet.
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I see several times in this thread that I should "change addresses every time I make a transaction". Does this mean that I should use a new address when I RECEIVE coins to my wallet? Because the receiver when I send will always see how mutch btc there is in the wallet no matter how I do with new addresses? If you are using a good wallet, it has the option to create a new address. You should create a new one fore every transaction. Nobody knows what addresses do you own. However, if you use only one, the people you trnasact with will know how many bitcoin you have. If you have many addresses, the people you transact with will know only the balance of the address you give them. Another good option is to send the coins to a mixer to make it more anonymous. But I'm a bit unsure of this alternative because I want to have the option in the future to show that I sent that coin from A -> B (I own wallet A and B). With a mixer it will be A -> "mixer" -> B and can I show any prof that the transaction from the mixer original was "my coins"? Say if eg. the IRS want me to explain all of it and they only see a transaction from the mixer -> B and that they don't belive that it only was a transaction from A. Perhaps a bad example but I hope you got the point of maybe avoiding a mixer.. This is the best option. Mixer will not do A > mixer > B. The mixer will do dozens, maybe hundreds of transactions with your coins, and will give you other coins (which are not yours). Look at this image, for example if you send a mixer 1 btc, you will probably receive about 10 addresses (at least) with funds. You can read more about a good mixer here: https://chipmixer.se/faqChipMixer creates Bitcoin addresses and funds them with specific sizes. These are chips with 0.001 BTC, 0.002 BTC, 0.004 BTC and so on till 4.096 BTC. When you deposit your Bitcoins, you receive same amount in chips. For example you deposit 0.112 BTC and you receive 0.064 + 0.032 + 0.016 chips. Each chip was funded before your deposit, so there is no link between them and your deposit on blockchain. They are already anonymous. Never said that in the first post but if I sell my coins to fiat it will only be on a KYC exchanges (even so, I don't want them to see how many coins I have). Or if I buy something with my coins, I dont wan't them to see how mutch coins I have or give them the ability to follow the transaction to the wallet I have now with all my coins. It's the reason why I think it will be a good option to bounce it to a non KYC exchange.
If you want to trade for Fiat, just look for a good exchange, do your KYC and sell it. It is the safer way. You would still need to pay taxes. There is no way to make money legally without telling the government. You should do everything in a legal way.
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The 24 recovery words aren't to use only on blockchain.com wallet? I didn't thought that they can be used in Electrum or ay other wallet. What does it means "a replica of your original wallet" ? I have in mind that seed words are related to wallets, it's not related to the private keys which can be used in most wallets , blockchain.com has already this option as a feature. I mean seeds from a wallet can't be used in another wallet, they only help restore the wallet in the same wallet kind. Am i wrong ?
Completely wrong. Additionally to what o_e_l_e_o said: The seed is very important. If you are using any wallet which doesn't let you have the seed (those 12/24 words) look for another wallet now. This is what i was talking about blockchain.com: They are better than so many services out there... May I ask, what wallet are you using? I don't get how a veteran member like you, almost 3 years in cryptocurrency, is stilll using a wallet without private keys.
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Is it confirmd that this wallet provider has no access to the private keys of my wallet /as a user/ Short answer: No, it is not confirmed (as far as I am aware). Longer answer: Blockchain.com state that although your wallet is backed up to their servers, it is encrypted on your device using your password before it is sent to their servers ( https://www.blockchain.com/learning-portal/how-it-works). They also claim they have no access to your password, and so can't decrypted it. If you trust them, then they would have no access to your seed/private keys/coins, but why take that risk? Blockchain.com are hardly a company with a shiny clean reputation, from (as you correctly point out) terrible customer support through to their support for things like XT, Unlimited and S2X. The whole point of bitcoin is to not have to place your trust in third parties, so why do so here? I believe that they have no access to the users private keys. They are not a custodial service, like coinbase. About poor customer support, that's how it is. How could it be different? They offer a FREE service, with thousands, maybe millions of users. Most of those users are completely newbies and don't know what they are doing. It is impossible for this kind of service to give any kind of support. I think they should state very clearly that they offer no support (which is what they have: no support), and clearly state that the service is risky and nobody should hold large amounts of funds there. They offer a very easy to use service, newbie friendly, access to private keys, beautiful interface... personally, I think that most of the wallets out there are worse: coinbase, bitpie, bither, etc... I am thankful to them because when I bought my first bitcoin I sent it there and recovered the forks easily, was able to transfer, etc... Coinbase on the other hand keep calling themselves a wallet, which is a false claim. Coinbase is dishonest. And I don't see as much people here complaining about coinbase as people complain about blockchain.com, which is a much better and honest service imo.
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Let me see if I understand this correctly.
You have a booking.com coupon with some discount If I use your coupon I will get the discount and you will deposit $0.40 BTC to my wallet? I need to buy something at booking first.
Correct?
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Those browser based wallets are more common in ethereum because there are no good desktop Wallets for ethereum. Have you ever seen one? On the other hand bitcoin has a lot of good desktop wallets.
Oh my bad, I thought we are in the Bitcoin section, no the altcoin discussion Can't be bash shitcoins here? Lol When I discovered cryptocurrencies I bought a lot of ethereum, then I realized they don't even have a proper desktop wallet... Anyway, as the discussion turned over browser wallet, which bitcoin doesn't have any one that I am aware of
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Given Disney's business model and how they generally seem to operate, they're more likely to try coming up with their own crypto if they can't buy one out. Anything they can't own, they try to compete with. It's a bit predatory if I'm honest. Not what would traditionally come to mind when you evoke thoughts of what Disney represents. If they want to make their own cryptocurrencytime is now. But I believe they already have one. Dragon chain, right? https://en.m.wikipedia.org/wiki/DragonchainDragonchain is a blockchain platform for enterprises. It was originally developed at The Walt Disney Company[1][2] in Seattle in 2014 and then open-sourced in 2016. Despite extensive speculation,[3][4][5][6][7] there is absolutely no relationship between Disney and Dragonchain. If they own dragonchain or not, they are very good in everything they do. Just compare marvel movies with DC's... Their parks with the competition.. If they make their own cryptocurrency it will be as good aa libra ir any other, probably even better.
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Pmalek, there is no doubt that the seed should be checked - incorrect seed equals to no seed. I agree that typing 24 words on Nano S is not an easy task, and requires time and precision, but we have Ledger Recovery Check app which facilitates this process. The app is working in a way that asks you to type just one or two-letter of the word, and it will show you suggested word to confirm, similar to Electrum mobile app. Recovery Check - Ledger Nano SI am with pmalek on this one. The method his described is the only way you can be 100% sure you have the correct seed and you hold the privatekeys for those addresses. There are many reports over Reddit and bitcointalk where users wrote down the correct seed and later on when the device reseted they couldn't find their funds (on trezor). We will never know if they wrote down the seed correctly or if it was a device bug. Better play safe and check if your device can recover the same Private keys after the reset, and this way is the only way to confirm that .
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The problem I see with this method, which is a workaround, is that it will not be widely accepted.
Usually people sign messages to prove that they own the funds of a certain address. I know that this method prove that you have the private key, because both addresses are generated from the same private keys. However, will people accept this signature as proof? You are not signing from a segwit address after all.
there is no standard that is widely accepted over different wallets, and most people won't understand that this legacy address is derived from the same private key.
Isn't it better just to use Electrum standard for verification? Then your website could verify segwit addresses messages directly and it could also be confirmed in Electrum wallet.
Electrum made it own verification method, which is not standard and not accepted by the core, but it is better than this workaround imo.
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Ia your project open source? Can people audit the source code?
Atomic swaps are really something we need, but there is none so far.
Changelly shapeshift etc are just exchanges where someone or some script swap coins for you. A true atomic swap should be done using smartcontracts, open and auditable, without any central authority who could interfere in the transaction.
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Edit: removed the 10-merit condition, doesn't make sense to me. IMO anyone who earned 1000+ is bona fide leg&dairy regardless of how they started.
I think he added that condition because those users who started with 10 merit are the ones who are going to be near the legendary activity range in a few days.
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I think the question I am asking is: is there an alternative approach to what Ethereum is solving with the Oracle where external data is fed into the blockchain to be reused inside the chain itself afterwards. This data comes from a central server, that holds alone all the conditions to this data but is trusted by the network. No. There are some misconceptions here. First, there is no working Oracle yet. For now, there is no way to insert outside data to the blockchain yet. The way blockchain is designed and its validation works, you cannot feed outside data to it now. However, there are some projects working in a solution to this problem. Some of them are centralized like you mentioned (which defeats the whole purpose of bitcoin and ethereum) and there is one that is not centralized, which became famous recently: chainlink. Chainlink is not operational and it is decentralized. Anyone can run a node and collect any data from real world and send to other nodes for validation. It will also validate data. But neither chainlink or those other Centralized projects are working yet on ethereum. So you cannot use them I doubt vitality and ethereum community will ever accept a centralized Oracle. After every hour I shoot my data of apples on the blockchain through a (trusted centralized?) transformation method somewhere. How can the other nodes verify that this centralized transformation was executed correctly. There is no alternative way to predefining a trusted source to do the calculation and blindly trust the result I suppose?
There is no trusted source in blockchain. Forget this idea. Blockchain is trustless. You will need a decentralized Oracle to feed your data, or insert it all in a smartcontract and replicate it in all nodes (if. Possible). Maybe you need another technology. What kind of data do you want to feed?
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