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Other / Meta / How to change password if I have forgotten it?
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on: September 22, 2022, 11:25:11 PM
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What is a safe way to reset my current password if I have forgotten it? I am still able to get in from an old computer where I had stored my password in the browser. I seem to recall that trying to reset via email may cause problems and could in fact lock me out.
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2
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Bitcoin / Bitcoin Discussion / Re: My hardware wallet was seized by US customs.
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on: July 11, 2020, 04:54:43 AM
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BTW Jet Cash case got me thinking about possible incidents with customs during border crossing. What if they turn their attention to to my Ledger wallet and require me to enter my PIN to check the fund I'm possessing. What the best reaction should be in this case? Would it better yet if I never take it with me on business trips abroad?
I don't think that's possible to do legally. They also don't check how much money you have in your online banking application, right? What I mean is that they look for how much cash you carry. You can have as much as you want in bank. And for Bitcoin, that has to be converted into a country's currency to count as funds. However, let's say you are right and they care about your bitcoins. Do they know what a hardware wallet is? Highly unlikely. But let's say they know. You can enter wrong pin 3 times ("stress because of police") and you recover some other time from the seed. They cannot know if you have 1$ there or billions. It is best to just take the time to memorize the seed words of your actual wallet. It's not really that difficult. If you can't do that, there are other methods you could use to hide the words in plain sight - for instance you could scatter them within the text of an email or online document in a way that only you know how to retrieve. This way you could reset the wallet each time you need to go through customs. In many countries immigration and customs agents have the authority to search electronic devices. If they ever demanded to see the contents you can then show them a wallet with 0 BTC.
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3
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Bitcoin / Bitcoin Discussion / Re: An investor lost $24 million worth of bitcoin
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on: November 27, 2019, 09:54:53 PM
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The OP is old news, but still I wish that companies would quickly move away from the stupid habit of using SMS or the user's mobile number as a means of implementing 2-factor authentication or otherwise verifying their identity. A system is as secure as the weakest link and mobile phone-based authentication is as weak as it gets. Phones can be lost, phones can be stolen, SIM cards can be swapped, phone company employees can be bribed, etc. Do you trust the safety and security of your multi-million dollar account to the integrity of some phone company associate?
Just do away with mobile phone-based verification already!
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Other / Serious discussion / Re: Too strong KYC
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on: November 15, 2019, 03:56:26 PM
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Yes no kyc means you can do 100 accounts and trade 100 dollars worth of coin 100 times. That would be 10000 dollars. That is a common money laundering number 10000 level.
Furthermore, there are scammers that open 100 accounts and trade among themselves and give each other good feedback. After 6 months, those accounts have good reputations and the scammer would burn them all with exit scams - usually buying BTC for PayPal and then doing charge backs claiming that the charges were not authorized. This won't be possible if each account is tied to a unique person which is not possible without KYC.
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6
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Bitcoin / Legal / Re: Bitmain Co-Founder Claims He Was Illegally Removed, Plans to Sue
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on: November 11, 2019, 02:18:05 PM
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I think this is good for bitcoin. The more bitman fights between themselves, less mining centralization.
Agreed there, although I would have preferred to see Jihan Wu ousted. Of the two, Zhan always seemed like the voice of reason. Not so sure about decentralizing mining. I've always thought that Zhan has lately been trying to diversify the company away from mining. If anything this would re-focus Bitmain's efforts as an ASIC supplier.
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Bitcoin / Mining / Re: US Tariff Ruling N297495 = 2.6% mandatory tariff on bitcoin mining hardware
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on: November 04, 2019, 02:59:18 PM
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As I bolded,the miner was not just shipped from Malaysia, it was assembled there as well- not China, ergo no Tariff. For the umpteenth time here, only goods Made in China get hit with the Tariff.
No doubt. According to the waybill it was shipped for Bitmain c/o Flextronix. Probably costs a few bucks more for Bitmain to have Flextronics make them in Malaysia, but that amount means nothing for a $2K miner.
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Bitcoin / Mining / Re: US Tariff Ruling N297495 = 2.6% mandatory tariff on bitcoin mining hardware
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on: November 02, 2019, 12:35:13 PM
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In all of my shipments since the Section 301 tariffs went into effect, it would appear that CBP's policy (at least in New York) is to not apply the tariffs on any informal entries, not just de minimis informal entries.
This still seems to be the case. I just received my order for a single S17 Pro via DHL processed through NY and was charged only 2.6% (approx. $67). Shipped from Malaysia. No 25% tariff. I paid DHL the 2.6% while the shipment was in transit. I have another pre-order for a single S17e through UPS. Let's see how that works out.
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Bitcoin / Bitcoin Discussion / Re: Is it Possible To Mine Bitcoin with Supercomputer?
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on: October 28, 2019, 05:56:25 PM
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Mining bitcoin at this time or in future with supercomputer or any other device than ASIC miners is a waste of time
Why wouldn't it be, if the Russian government were supplying the computers and paying for the electricity? Of course, going to jail ultimately isn't worth it.
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Alternate cryptocurrencies / Service Discussion (Altcoins) / How to claim Bitcoin SV from old BTC private key using online wallet?
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on: July 02, 2019, 03:27:42 PM
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I just cracked open an old paper wallet with an old Bitcoin private key from back in 2012. The key was generated using MultiBit Classic, long before it was called "Classic".
I had no problem importing the key into Bitcoin Core and Bitcoin ABC wallets, and was able to move the BTC and BCH into modern wallets.
I am not sure what to do with the Bitcoin SV. Right now it is worth around $190 each so I don't want to just throw them away. I spent about 30 minutes Googling for an online Bitcoin SV wallet that would allow importing the key. Can anybody recommend such an online wallet? If possible, I don't want to install any Bitcoin SV wallet on my computer or phone.
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Other / Meta / Re: ■■■My 2013 legendary account was hacked :( help me to find how and to recover it
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on: May 20, 2018, 11:57:36 AM
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Think You for the hint, i reviewed my chronology but I can't find anything suspicious... also, Google autofill shouldn't work on a phishing site....or not? I think I login from the login button...because it seemed like I was logged out. I think I was not redirected, but I am not 100% sure
If it autofills your password and username then yes. It's just like you typing it in. The way phishing sites work is that they make their site look identical to their target site and only have a different url and database. When you log in they'll see what you've tried to log in with, and will then try and use it on the actual site. I didn't even know autofill was a thing on modern browsers, but I would recommend taking that off right away. I always thought that autofills key the passwords to hostname or domain name contained in the canonical URL. They are not tricked by phishing sites where the domain name is mistyped or simply looks the same visually to the real site.
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Economy / Exchanges / Localbitcoins TOS change on May 25, 2018
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on: May 16, 2018, 11:44:24 PM
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https://localbitcoins.com/gdprAnyone have any additional info about this, particularly in regards to ID verification? ID verification – We don't require ID verification for all users, but in some situations you may be asked to verify your ID with us. We will ask you to ID verify in the following situations: - After trading over certain volume limits and when advertising - It is our top-most priority to ensure that LocalBitcoins is a safe and securebitcoinmarketplace and that no one is able to use our service for money laundering or other unlawful activities. Most fraud on LocalBitcoins stems from users attempting money laundering. We believe that taking a strict stance in this regard is in the interest of our users and important for our brand as a trustworthy marketplace.
Exactly what are the volume limits? Anyone have any idea?
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Economy / Speculation / Re: How exchanges steal our money
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on: February 27, 2018, 09:15:19 AM
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This method works exceptionally well with market orders filled at the current market price.
Seriously, if you place large market orders on any exchange, Bitcoin or otherwise, you've got to be a moron.
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15
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Bitcoin / Bitcoin Discussion / Re: Can we reduce Bitcoin’s energy use?
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on: February 19, 2018, 11:12:48 AM
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Can we reduce Bitcoin's energy use? Sure, since proof-of-work essentially is a process that converts energy into something of monetary value, we can reduce energy use by lowering the value of Bitcoin. There are lots of things we could do to lower Bitcoin's value, though I am not sure that is something you'd want to do unless you were against it.
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Bitcoin / Bitcoin Discussion / Re: Money laundering
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on: January 07, 2018, 02:11:29 PM
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Lol, dont even get into that, you will get caught out in the end. I am self employed and I declare every penny I make Its just not worth trying to launder money
Money laundering is about turning dirty money into clean money so that you can openly spend it. How would you declare money on illegal income?
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Bitcoin / Bitcoin Discussion / Re: Bitcoin HAS FAILED
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on: December 17, 2017, 05:18:55 PM
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I've made a number of transactions in the past week. The largest fee I've paid was $26 and I've never needed to pay $100. I've always combined small transactions my wallet periodically, so my transaction byte size is always small.
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Bitcoin / Bitcoin Discussion / Re: Turn off multi receiving addresses !!! Ledger Nano S
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on: December 10, 2017, 02:50:44 PM
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Even if you have many small transactions going to the same address you would still have to pay the fees to combine them when you later wish to spend them. The tx size is still based on the individual transactions going to that single address. So I believe your reason for wanting to do so (to save fees when you later spend these small transactions) is invalid.
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Bitcoin / Bitcoin Discussion / Re: If a friend ows you 0.1 Btc from Dec 2016 ...
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on: December 10, 2017, 02:32:51 PM
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Lets flip the script. Let's say your friend owed you .1 BTC from Dec 2016. Now fast forward to 2018. BTC has crashed and the price is now 10 cents apiece. Would you be ok with your friend saying "Hey Bro, here's the .1 BTC I owe you..."
I'd say he should pay you what ever the price was at that time.
His friend was a trader. He should have been be aware of the potential opportunity cost that he was taking away from the OP by borrowing the 0.1 BTC for a year. Unless there was a specific agreement stating otherwise the friend should repay the asset that was borrowed, not the cash equivalent from a year ago.
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