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1841  Economy / Exchanges / Re: Bitrue exchange hacked for $23 million on: April 18, 2023, 01:51:33 PM
Hihihi, this one aged like milk:

Another thing, I don't know how accurate that list is and if it really counts them all but it seems like CEX hacks have started to go down lately, this is the first of the year and last year only two hacks?

There I was, amazed and also happy that those hacks and "hacks" have been going down lately and there we have it two in about a week.

For reference, the Bitfinex hack where 119,754 BTCitcoin was hacked and once the coins started moving the investigators were able to track them and catch the real culprit. So the idea of, it is hard to track is a farce as this is the easiest to track than the banking system.

The hack happened in 2016, and the culprits were caught 6 years later!
Besides, what gave them away was actually the normal banking system as they got caught by trying to withdraw cash through multiple LLCs and the fact that they managed to shut down AlphaBay, if the hackers would have simply gone through no KYC / P2P small deals in small sums after prior mixing their coins they would have never been caught!
The DOJ would have had no case if it weren't for Alpha Bya and those morons getting denied time after time verifications on exchanges for their shell companies, and also, of course, the Walmart $500 gift card!


1842  Economy / Exchanges / Re: Bittrex to shut its U.S operations on: April 18, 2023, 01:05:55 PM
~

This is where the problem begins and you admit this yourself. Maximalists argue from a biased view of the cryptospace and consider everything in it has no right to try new things if it is not done in bitcoin. This is not reasonable and it does not allow space for innovation. No one knows what the cryptospace will be, similar to what no one knew what the internet might be when it was invented.

I am not against innovation, let's make this clear!
I'm not against projects like Wasabi or Bisq or Open bazaar or whatever, where I stop sympathizing with so-called "devs" is when they ask for money before having anything other than a plagiarized whitepaper. So my question stills stand, what kind of innovation other than ICO sales are the new regulation hindering? Because you see, bitcoin had no ICO, LN had no ICO, segwit had no ICO, and neither did a ton of things, if we go into the altcoin universe there is nothing without upfront money from investors, sometimes more money than Google would need

So until somebody shows me a real project that was a net benefit to the community and didn't require billion in purchased shitcoins that was forced to leave becuase of this I won't budge from my position, which is that they can all go to h*&^!

This is why I wish CZ will win and show decentralization works.

CZ and decentralization, this was actually funny!
1843  Economy / Economics / Re: The impact of Russian and Ukrain war on world economy on: April 17, 2023, 04:48:54 PM
How do you know those secret documents have been edited? Have you read the original, and can you show us what the original says?

Initial leak by Russian propagandists:



You can see clearly that the spaces don't match, the bullet points are not straight, and the whole text is out of order
Now, the original:



And now those weird spaces after 7 fighters and 8 rotary wings make sense since it's 72 and 82!
Same with the shitty 600 because it was actually 6,004!






1844  Bitcoin / Bitcoin Discussion / Re: Block 785,389: This block was mined by a zero emission bitcoin mining computer on: April 17, 2023, 04:34:40 PM
"This block was mined by monkeys"
Does it automatically mean that there were 1 trillion monkeys doing hashes that solved that block?
A modern version of the infinite monkey theorem. A monkey hitting random characters between 0-9 and A-F for an infinite amount of time will almost surely solve the next block. Grin

And now let's see how many bananas it will take to make sure the monkey army will hit at least one block in the next decade  Cheesy

Given that Braiins uses Stratum V2, is it not possible that an individual miner added this OP_RETURN output and it had nothing to do with the pool at all?

Well, my bad, I was on the phone, and with it that small I didn't look twice at the picture, I assumed it was the same message Foundry puts in all their blocks:
https://mempool.space/mining/pool/foundryusa  > Foundry USA Pool #dropgold
but this one was in the OP_RETURN which is weirder, but still, the template had to be allowed as much as I know.

And even if we assume it's true, that's just one block out of many. Any discussions about Bitcoin mining impact need to be backed with high quality research instead of anecdotes or random Internet articles.

If we were to go further into details, yeah this block has been mined with green energy let's suppose, meanwhile, the rest of the pools and miners wasted energy for nothing for 10 minutes  Wink In the end, it was a funny thing to do but won't change a thing, I doubt it will even change one single person's view on the whole thing
1845  Economy / Exchanges / Re: Bittrex to shut its U.S operations on: April 17, 2023, 03:13:33 PM
This just came out: https://decrypt.co/136947/bittrex-faces-potential-enforcement-action-sec-report
I'm not very familiar with the laws and regulations in the U.S but how can this make sense if they already announced shutting down their operations?

Juts as Rikafip said, it's about past actions.
And it's not just an US thing it's fairly common even for the EU and at least a few South Asian nations I'm familiar with, I've known case when the government will take to court for past action even companies that are no longer present in their jurisdiction or companies that have been bought, etc etc.
That's one of the reasons why international arbitration courts exist, you shutting down your US or Mongolian branch doesn't erase your past actions there.

The even "funnier" thing happens when you're getting an inquiry in your main branch country about practices by your subsidiaries in a foreign country despite following the rules there but breaching the standards here, one of the biggest pain in the ass ever, and unfortunately not so uncommon as one mgiht think.
1846  Other / Meta / Re: This gets me worried, I think the 'Brains' in the forum should look into it on: April 17, 2023, 02:56:40 PM
But the second post (https://bitcointalk.org/index.php?topic=5448086.msg62104267#msg62104267) tested 47% and 23% human respectively. This is absurd and unjust!

Unjust? What's the injustice here?
A text analyzing labeled your text as xx% and xx% that, there is no "injustice" , you haven't been affected by their decision, you haven't suffered any damage, nobody cares what a text analyzer thinks or what the results are and I don't see why you would either!

But I can tell you for sure why some will get their posts marked in such a way, it's mainly because they try so much to write down a post like it's fucking essay that you're getting a mark on every single phrase that they end up with one huge wall of text that spins the same idea which stops looking like being normal text written by human and more like some machine. Let's not even mention the 3-4 liens quota, some simply force themselves to make that number of words characters, and of course when you try to stretch a 4 words phrase into 100 it it stops sounding human.

Oh and another thing, seems like all those analyzers dislike a text made out a ton of short phrases, don't know if that's something that ChatGBT does but this might get you a clue on why the high score.

And now going to check the above shitpost of mine with that detectors and:
Quote
3% likely this comes from GPT-3, GPT-4 or ChatGPT.
Quote
100% HUMAN-GENERATED CONTENT

Where is my cookie?

1847  Economy / Speculation / Re: FTX recovered $7.3B in Assets and is considering restarting! on: April 17, 2023, 02:31:09 PM
Actually, I meant the total amount that was talked about, and it was specifically mentioned by the OP in this thread, where the link actually comes from. Generally speaking, at the beginning of the year there was talk of about $10 billion, now it is a little more than $7 billion, and I honestly doubt that this is the last amount that will be talked about.

Getting confusing, not that it matters anymore but my understating of this mess before was like this
- somewhere between 7-11 billion claimed to have been lost when FTX when insolvent
- 5 billion recovered by January
- 7.3 total recovered by now

But I guess all those numbers are irrelevant, since even the reimbursement (if one) will take more into account the value then and the value now, and how the trustee (again, if one appointed) will decide how this will be made, coins or fiat!

~

Maybe they would do it if they were able to take such a step, but most people who invest in Bitcoin for one reason or another do not understand it more than a number that shows the current value.

Speaking of, I've never managed to get any info on how many BTC were there, all news all report lump the sum in one, I'm really curious about this, wonder if it's at least 20% BTC and less than 80% shitcoins.
1848  Economy / Speculation / Re: FTX recovered $7.3B in Assets and is considering restarting! on: April 17, 2023, 11:07:35 AM
Is this just the usual news recycling or have I missed something in the meantime? The last time I read about "recovered assets" it was about $10 billion and it was the beginning of January of this year...

Are you sure you linked the right article, that one says 5 bill
Quote
FTX Has Recovered 'Over $5B' in Assets, Bankruptcy Attorney Says

Total claims might be at around 10 billion by estimation, if people don't make the claims through the court then there are no assets lost in the books, but still recovered sum grew. How it did so, might be tricky since it might just be because of the value of BTC that increased dramatically but it's still good news for the ones with trapped money there. Even if they recover 75% of their coins that's more than their initial value and let's be honest, the ones that had coins there only cared about their value in $ otherwise they would have held them in their own wallet.

I don't think any old investor will ever trust FTT to the point of putting their money down the second time after losing almost all their initial investment in the last crash in the exchange anditst sister token SOLO which crashed due to the exit scam pulled on investors by the company team.

https://www.coingecko.com/en/coins/terra
Market Cap    $354,430,022
24 Hour Trading Vol  $30,775,830
You were saying..... Grin

1849  Bitcoin / Bitcoin Discussion / Re: Block 785,389: This block was mined by a zero emission bitcoin mining computer on: April 17, 2023, 10:51:12 AM
There is a message on block 785,389.
Quote
This block was mined by a zero  emission bitcoin mining computer

And probably we can lay all arguments against bitcoin mining being harmful to the environment.

Wait, so because somebody signed a message with that text is means that it is also true?
If ViaBTC decides to sign a message that says
"This block was mined by monkeys"
Does it automatically mean that there were 1 trillion monkeys doing hashes that solved that block?

We talk about a pool, there is no way for them to know what electricity their miners use, only miners that are completely off-grid and solo mine a block can claim to know what energy was used to mine that block if you're on the grid you might be between a solar panel and a wind farm and there are times when your whole electricity might come from coal!!!



1850  Bitcoin / Mining / Re: Passive Income through Bitcoin Mining - An Attractive Investment Opportunity? on: April 17, 2023, 10:40:29 AM
Secondly, we are working together with bitkern so thats why we are using the same pictures.

So because I sell Nike shoes should I post on my website pictures of Nike's factories? Does it seem right?

Also, we make official legally binding contracts. Our customers buy their machines so they own them.

Legal binding contracts must (funny enough!) respect the law also, since you're a German company it does sound weird you're offering contracts for colocation in Russia, what guarantee would your customers have the same thing that happened to Compas Mining or SBI won't happen to you?

You could also work with bitkern directly. I would be happy for them if you would.
You could also buy your shoes directly from nike and not from the shoe shop.

If that was a try at getting a sarcasm reply done right then you might need to know you CAN buy Nike shoes directly from them.

Common, how about you come clean, you're just a reseller that negotiates with Bitkern and you make money out of the difference, you don't own a data center, you don't own a farm, you have nothing but business relations you want to profit from why fleecing a bit more your customers.
You started on the wrong foot here, you might want to address that!

1851  Economy / Trading Discussion / Re: Twitter will enable crypto and stock trading via eToro partnership on: April 17, 2023, 08:03:06 AM
It is not about Musk forcing people to trade, it is about exposure of trading that it brings to people that is using Twitter. As ifr me, I should not be like that, let anyone that wants to trade to open account on an exchange, that would be voluntarily, not by seeing anything that just directed you to trading on a platform that supposed not to be a social media.

Then we should ban discussion about crypto on Twitter too because it might lead to people investing in shitcoins, we should ban every exchange and every crypto "project" owner because it will give exposure to a thing where people might lose money.
Besides, again, what is not voluntary here?
Nobody is forcing you to do anything! I have had a Twitter account for a decade and I haven't made one post! One single post!, although probably I've read a million tweets, not one post, not a retweet, not one like!

~

You missed completely the point and went on a neverending story path, it wasn't about trading it was about the bias when analyzing something.
Every single person was bragging about how trading is helping poor countries, how Africa is breaking records on Paxful or any other platform, and now suddenly out of the blue, trading currencies are bad, and the only reason for this 180-degree change is that this one is run by Musk, nothing else!
We have 1 billion pages on how to encourage people to trade and buy cryptos, one trillion on how do we need to defend against the evil corporations that want to ban and destroy trading, and one quadrillion about how we need more investments and more exposure but when Musk does this is suddenly bad and all the board goes Helen Lovejoy style!
1852  Bitcoin / Mining / Re: Passive Income through Bitcoin Mining - An Attractive Investment Opportunity? on: April 16, 2023, 02:54:48 PM
However, it is important to be aware of the risks and possible fluctuations and to weigh the investment carefully before jumping into the Bitcoin mining adventure.

There are far more risks involved in such a "hassle-free passive profits' scheme"

For example the risks here:
The risk of NOT actually owning your mining hardware.
and many more
- the company you would buy the gear for might be a scam and not actually buy it and run with the money
- the company claiming colocation might not pay you one cent from the earnings
- the company selling you this investment plan might simply overcharge you and change the ToS to make your own money because of costs
- the company assets might get seized like in the scenario above

Also, it's highly possible that the company which claims to :
Quote
JB GS Mining GmbH was founded in 2022 by Jonathan Buck and Gitte Schlappner. The two shared a passion for blockchain technology and saw the potential in bitcoin mining, hosting services, and financial and business consultingG.
although the domain is 5 days old and might have cropped the datacenter's pictures from
https://www.bitkern.com/en/bitcoin-mining
which sounds a bit scammy to me.  Wink
1853  Economy / Lending / Re: URGENT Business Loan Required on: April 16, 2023, 01:53:13 PM
Amount: £3,000.00
Investor Repaid: £12,000.00.
Time Investor Paid: 30 working days.

So after failing to sell your expert horse racing prediction method that could make you a millionaire, your hundred of million worth of copyrights for books that will sell into billions you're down to not having $1000 to seal the deal on another marvelous half a million contract?
Derek Fox was 8:1 at the Grand National with your bulletproof method you only need some £150 and you wouldn't be right now asking for a loan.

Plus I love the 300% interest paid back in 30 months, sounds so tempting! Roll Eyes
1854  Economy / Trading Discussion / Re: Twitter will enable crypto and stock trading via eToro partnership on: April 16, 2023, 01:31:39 PM
Elon Musk is only looking for ways to make more money and not thinking about Twitter users. I wonder if anyone on Twitter will not want to try to trade and start losing money, I hope they will know that trading is not for everyone.

Is Musk forcing you to trade? Is Twitter forcing you to invest? Nobody is forcing you to do anything!
If people want that they will use the features if they don't they won't simple as that!

One week ago we have topics about how crypto trading is pulling people out of poverty in Afri ca and everyone is clapping now when Musk allows this everyone is about the loss. Nobody brought the loss into a decision when it was about CZ and his #safu unregulated exchange but when is about somebody else all the biased comes to the surface!


Let me guess, just for people in the US.
Elon lives in a bubble, the world for him is just the USA.

The USA is where the money is, if Mozambique had the wealth of the US there would have been apps targeted only at them, but until that changes, this is the reality, and that's why every company wants to be listed in the US, that's why everyone wants to sell products in the US and this is the reason there is no Lamborghini dealership in Kampala.

1855  Bitcoin / Bitcoin Discussion / Re: The Number Of Bitcoin Millionaires Doubles In 2023 on: April 16, 2023, 11:31:25 AM
This increase in value has sparked new optimism about cryptocurrency, resulting in a doubling of the number of Bitcoin millionaires.

Again some bored blogger had nothing to do and went with this clickbait-ish headline!

The reason for the stat showing but also misleading millionaire numbers going up is pretty simple, there were around point around ~36000 addresses with a balance between 50BTC + a few satoshi, most of them being from old blocks that have been mined and never moved.
Once bitcoin passed back over 20k, those addresses become richer than 1 million, but it's highly probable that there aren't 30 000 new millionaires but more like in the thousand if not hundred since a ton of those coins are most likely lost, and quite a few should belong to the same individual, Satoshi!

LE:
I just realized, it's your website. The point still stands!
1856  Economy / Economics / Re: Why Banks are called as Manipulator tool of Investors 2 Control us not our Money on: April 15, 2023, 01:36:17 PM
we are the ones who manages all the un-necassary things to control your life such as
1. House Schemes
2. Sports cars
3. Fashion Industry
4. Plasma TVs

One thing, just to show how out of touch this is, plasma TVs have been dead for a decade, and nobody is making them anymore.
Second, when someone classifies stuff as "unnecessary" it makes them sound like some commie who will decide all by himself how much people are allowed to consume and how often. 10 liters of gas a month, waiting in line a year for a fridge, only 500 grams of meat per person per week, and only one kilo of oranges on Christmas day. Anything more than that is evil capitalism that will make your soul burn in hell comrade!

So how about we stop with the matrix and that wanna-be pimp of yours and simply let people spend as they see fit and if they want to buy a tinfoil hat be it, if they don't and they want to buy the nicest car they can afford because you only live once then let them! All this hate against spending is just commie propaganda from the ones that can't afford it, stick with arranging your own life before deciding how others should live, and remember where we are, bitcointalk!
My keys, my decision what I do with my coins!

Investors are behind all this for a simple reasons, that their large funds, means billions of dollars kept on banks. Once they put in or out, it would cause a large gap or fluctuations in price.

Price of what?
1857  Economy / Speculation / Re: bitcoin price movement with a millino on: April 15, 2023, 12:27:27 PM
I'd love to try that, then come back and share my experience.
That's if @shasan can lend me $100 million, which I will pay back if I eventually dump the market and take advantage of it.

You know that you don't need the actual sum to open the order book and check how a $100 million would move it, right?
Here is the order book:
https://www.binance.com/en/orderbook/BTC_USDT
And here is the simplified depth:



1858  Economy / Speculation / Re: bitcoin price movement with a millino on: April 15, 2023, 12:02:03 PM
The volume is much more than $1M. Today it's $22B which means this $1M will hardly move the price up or down.

It doesn't work like that, volume is made out of consecutive trades and you could spend billions on both sides without moving it but with only a slight increase of 10% on one side you could crash it like we've seen it before.
Think of two glasses half full, how much water can you pour from one to another without spilling, millions of hectoliters! Now do it with one full and the other 1/4 Smiley
You can generate volume worth billions with 1 million in-depth if most trades are 1% of the depth, but still a 500k batch would crash everything.

@OP, Do you think a million-dollar trade will affect a multi-billion-dollar market?
Even a 100 million-dollar trade can't affect the price of bitcoin.
Making a million-dollar trade on some centralized exchanges like Binance, you won't even be noticed, much less have a negative or positive impact on the market.

How about you check that yourself?
https://www.binance.com/en/trade/BTC_USDT?theme=light&type=spot
Do tell me what happens if somebody drops  $100 million on it  Grin



1859  Economy / Gambling / Re: British Horse Racing - With Prediction To Win on: April 15, 2023, 11:54:45 AM
OP just want  a free banana treatment here which I guarantee it would be very difficult for op  to get here. OP is yet to face the reality of what he signed up for by demanding for a whooping €30000 for horse racing prediction as if the horses belongs to the royal family or a unicorn.

Actually quite funny, the Queen did own horses, so is the King after Elizabeth passed away, not that they are threatening Godolphin or something but still a pretty decent 6 out of 26 since the change and a 1:1 on flat and 1:4 at jumps on the season.

It's good to bet on real horse racing tournaments that you can watch directly and can predict which horse will win.
In horse racing tournaments, the winner can be seen from the history of each tournament because usually the winner in horse racing never changes and you can be sure that those previously ranked 1 2 3 will compete for victory in the next tournament.

Oh really?
Let's forget the fact that in 2-3 years some of the horses that won a competition won't be allowed to run again because of age requirements, but how many do you really think managed to win that many consecutive tournaments? 5 horses in the last decade managed to do so on 4+ in a row when they usually do they are already favorites under 6:4, and flat horses simply don't compete for that long.

Anyhow, no takers on the bulletproof system that gives you 5 seconds to pick the winner?
1860  Bitcoin / Bitcoin Discussion / Re: Bitcoin is racist on: April 14, 2023, 04:12:03 PM
Bitcoin is racist according to the SEC. Heil Satoshi!

Fortunately, it's not the SEC official position, this is a letter addressed to the chair of the SEC by the Investor Advisory Committee.

But still,
Quote
Nearly 44% of Americans who own and trade crypto are people of color, 41% are
women and more than 35% have household incomes under $60,000 annually
if more people of color (whatever this kind of stupid designation means) are investing in BTC how is that racist? Or is it racist that white people don't invest that much?  Cheesy

So according to them, Bitcoin (and altcoins ofc) creates financial damages to many minority investors because they don't have the knowledge to assess the risks associated with crypto.

Which is basically the most racist thing to say, they are labeling minorities as dumb fucks who can't understand how investment and risks work, I really wonder if those guys have ever heard of logic or if they do think twice before opening their mouths or writing such a stupid thing.


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