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2381  Other / Beginners & Help / Re: 2021 Bull run experience? on: January 20, 2023, 04:55:48 PM
How about you come down to earth from those clouds of yours where you live and don't ask identical questions every month because it's quite irritating (at least for those who have a good memory).

Haha, brutal!!!
But seriously, looking at the guy's history, I understand what a broken record means, but even broken records at one point simply stop they don't keep going forever! And the worst thing is that all the topics will end up with the same replies debating the same thing that nobody knows for sure.

How about you chill out and stop getting annoyed at the most stupid things  Grin

So you admit what you're doing here is the most stupid thing one can do with his free time?
Cause right now I feel like I've wasted my time answering your questions the other day!
2382  Bitcoin / Mining / Re: Bitcoin mining at home on: January 20, 2023, 04:37:17 PM
  - If you are planning to mine bitcoin at home, you should know that you need to buy a mining hardware. Similar to ASIC miner, but this device is quite expensive and can consume a lot of electricity...
Similar to ASIC  Huh
A Bitcoin miner is not 'similar to', it IS ASIC-based hardware such as sold by Canaan, Bitmain, MicroBT, GekkoScience, FutureBit, etc.

Hihi, not only that:
Quote
But if you want to try it out your other options are to join mining pools
So if you don't plan on buying an ASIC you can join a mining pool, probably with a discord invite, I mean, it would be hilarious for a mining pool also to require an ASIC! What kind of conspiracy is this?  Grin

Sometimes I wonder what's going in their heads while trying to make it look like they know a thing about what they type when they don't even understand the meaning of the words they are using.

Mining Bitcoin work is an effective and efficient job to do, to do mining at home I have some experience that I have got. Starting Bitcoin mining at home you only need a device that has it (preferably have an extra good device if you start with computer media), there are several platforms that are official for Bitcoin mining.

No idea what he's talking about and no clue what he's trying to picture here!
And more frustrating is that for sure in a week or two there will be another newbie that will quote this guy and make a post like as if he perfectly understands the above text. I miss frodo!!
 
2383  Other / Beginners & Help / Re: Warning ⚠ there is a new hack that steals bank/crypto info on your phone on: January 20, 2023, 11:34:20 AM
Apart from the fact that the PDF file itself has a bad reputation, I don't understand how to send it to your phone. I literally broke my head trying to add some files to my phone in the SMS messages section. You can add a link to a file easily, but I couldn't add the file itself. Does Android allow sending files via SMS?

Probably you're using a custom app for your messages, either from the manufacturer or the carrier, and the file menu is probably hidden somewhere. This is how it looks on my work phone with both the normal sms options and the Samsung one side by side:


I guess it's not only her phone. Although mine allows me to send some Media file like video, music, picture but there's no option to send PDF.

Don't you have send file option? That's what I used to select a pdf file.

Anyhow, it doesn't really matter on the subject as these spammers are not using their phones to manually send those links but automated services.
2384  Economy / Exchanges / Re: StakeCube-->toilet, whilst seemingly imitating SBF on: January 20, 2023, 09:58:48 AM
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.

The moment somebody screams how FUD destroyed their business it means there was no uncertainty and doubt, it was as clear as the sky is blue that things were moving in the wrong direction. FUD is the scapegoat of every single failed "project" here, I sometimes feel like slapping people who only know to yell FUD!! FUD!! at everything!

Quote
While only a small number of coins are affected in terms of a balance sheet deficit (BTC, DOGE, LTC, DASH, and a handful of small caps), these are obviously the most valuable. The deficit ratio of assets vs. liabilities is high, with BTC and DOGE at 95%, LTC at 60%, and DASH at 10%. Most of the other coins are fully backed, actually overcollateralized.
The deficit was mainly caused by the illiquidity and decreasing value of our StakeCubeCoin, which is used to pay for things like servers and mining machines but instead was held to back a positive balance sheet. I am willing to provide a more detailed explanation if needed, but it is unlikely to make a difference.

Probably what really happened was they sold the valuable coins and backed them with their own coin till the deficit became too big to be covered by something that was losing value faster than everything. I wonder what the 95% ratio really means, they have 95% of the BTC, or the deficit is 95% and they have only 5% left?

StakeCube's business probably should have been profitable if it had a reasonable volume and low overhead, as the traders' orders, withdrawals, and deposits should have evened out in the end.
Why they felt the need to print magic money to pay their bills with, and why the fuck they thought that was a viable business plan just baffles me.

What I've learned with all these so-called projects is that a lot fail because they start spending like crazy, they got free money for some tokens in an ICO so they don't really care about the sums or the expenses, they just won the lottery, but as they run out they touch a few of client's coins thinking they will be able to put them back once the business grows, then a bear season comes and the business doesn't grow, people are withdrawing the little they have and suddenly there are no coins left.

I can't claim for sure that's what happened here but I would still bet on this scenario!
2385  Economy / Service Discussion / Re: Genesis allegedlly prepares for Chapter 11 bankruptcy on: January 20, 2023, 09:31:07 AM
FDIC or your cold wallet!  Wink
Im with you at point 2. FDIC shouldnt be an option for a real Bitcoiner! At least, that will not have been the basic idea.

Probably I should have added a bit more on that.
He said user, the moment you qualify as a user you're somebody who at least buys coins from that exchange or sells them, so you either send $ to that exchange to buy some coins, or send coins, sell them and wait for the $ to hit your bank account! The FDIC insurance was for the time you have $ in that exchange, the be your own bank is when you grab the coins as soon as possible and you stuff them in your wallet, but that won't help you if you're having only $ on that CEX waiting to buy the dip or whatever when it goes down.

So, extended version, FDIC for fiat, cold wallet for coins!
2386  Bitcoin / Bitcoin Discussion / Re: Bitcoin increased my mental awareness on: January 20, 2023, 09:12:12 AM
...All day long!
~
...And I keep repeating all the steps, again and again...
...All day long!

I don't know about others but this doesn't sound like mental awareness to me and more like self inflicted torture!
Why would you do this over and over and over again, the moment you have secured your wallets you don't need to go through the same steps of securing the keys for every coin from your add to your stash. You just send them to one of your already-created wallets and that's it.
Creating a new pack of cold wallets for every batch of coins you acquire will at some point end with a misplacement.

Take note that this isn't necessarily the best strategy. While you avoid losing all your coins in one go, it increases the chances of you losing your funds partially.

If I were to lose one of my wallets probably the first thing I would say is Thank You God I didn't put all my coins in this one!  Wink
If you follow the same procedure for all of them the risks of losing one is almost the same as losing your single wallet, but I agree that if you start experimenting with 100 methods and 100 places and you try more and more weird and untested ways some will definitely fail.
2387  Bitcoin / Bitcoin Technical Support / Re: how long does transaction take on: January 20, 2023, 08:53:23 AM
Transaction has been 2hours now and not confirmed

You simply got extremely, but extremely unlucky!
If you would have sent it half an hour earlier it would have got confirmed immediately,  block 772777 that was mined at ‎2023-01-20 07:31 so about 3 hours ago was not full so it would have included it. After it we had a period of very slow blocks,7 mined instead of 15, and a dump of transactions.

It's still early morning so once the pace picks up again with blocks it will get confirmed probably in a few more hours, but nobody can anticipate if somebody drops another 10k transactions with higher fees than yours.
2388  Economy / Economics / Re: Iran and Russia want to issue new stablecoin backed by gold on: January 20, 2023, 06:00:03 AM
The last inspection by Members of Congress was on September 23, 1974,

Make that 2017
https://apnews.com/article/d0e1efce41bb42ba9cdf1f34dc3f7e5c

There might as well be Gold painted bricks in those vaults, because nobody has tested it.  Roll Eyes  

The same conspiracy theories that make no sense, all that gold stored at Fort Know would be around ~200 billion, just the classified U.S. Defense budget is at ~100 billion, and the US has just issued 1.5 trillion in free money, how hard would have been for them to actually print enough to buy that gold back if it had ever been spent? And why would they spend it in the first place when they can just print billions with ease?

What else do you need? US lobby needs to be broken for a peaceful world.

Yeah right, cause Russia is known for its history of peace and not for land-grabbing wars nearly every decade.
I love how people on Bitcointalk throw all the shit possible at the US while ignoring that right now it's still the best place for development and the top spot in adoption, mining, batms, business accepting and people actually spending it, everything. But no, who cares about that?
2389  Bitcoin / Bitcoin Discussion / Re: Bitcoin developer @lukedashjr's wallet was hacked on: January 20, 2023, 05:38:46 AM
It appears that yesterday hodlonaut had some back and forth with LukeDasher via twitter to assert that LukeDasher was misleading people and claiming that there were no ways to keep bitcoin secure

Luke is one of those guys that won't back down even if deep down he knows he is wrong about something, I've seen enough of his ideas that he clings so desperately and won't accept any criticisms over it so I wouldn't be surprised for him to shift the blame but saying that nothing can be done when you're targeted that's beyond going overboard!  As if wasn't bad enough that a core developer has lost his bitcoins in the hack, now the same developer hinting nobody can be really safe it's just too much!

The only good thing is that the media hasn't cached up with this or it's not paying attention at all, and hopefully it never does as it will turn into a real shitshow.
2390  Economy / Exchanges / Re: Head shaking news. Founders of Coinflex and 3Arrows will start a new exchange! on: January 20, 2023, 05:09:35 AM
The exchange’s name is even a spin on “FTX,” with one of the GTX pitch decks opening with the line "because G comes after F." [/i]

FTX was short for Futures exchange, what's GTX standing for, Garbage exchange?
I can already see people nicknaming this in every possible way, Grand Theft Exchange is probably the best one yet!

As I already mentioned in a topic, it wasn't the model of FTX that was problematic and triggered the collapse, it was the idiots that made a mess of everything and loaned and spent funds without thinking twice or even once, in this case, it starts with the problem, the guys in charge of it being the same that caused the problems, so a new exchange with the same people is just as worse. FTX without them and SBF is one thousand times better than any clone launched by the former teammates.

Quote
Su Zhu and Kyle Davies, the founders of collapsed crypto hedge fund Three Arrows Capital (3AC), are hoping to raise $25 million to start a new crypto exchange called GTX, according to two separate pitch decks obtained by The Block.

And since we live in a world that sometimes resembles a madhouse, probably they will get that money immediately! When people throw million at Ponzi schemes, investor bail out three times in a year a company with no product whatsoever, what's $25 million on a project like one hundred others? Just wait for it, in a few months we will get the news about successful funding and I would not raise an eyebrow if in the list of those backers you'll see companies that have lost money over FTX.
2391  Economy / Exchanges / Re: Bitzlato seized, alleges $700 mln of illicit funds processed on: January 20, 2023, 12:39:27 AM
I found the owner has an account on bitcointalk
https://bitcointalk.org/index.php?action=profile;u=4704;sa=showPosts

Oh ****
I didn't pay attention to the name as when I see an -ov ending name I'm sure I will forget it the next second, but when you mentioned in that quote engineers and mining, this legkodymov, oh yeah! The guy has one hell of a history book with bitcoin!

Thanks to legkodymov.
S5 was based on legkodymov's serial power design, and its power consumption at wall is 0.51W/G.
S2-replace PCB will be released after Chinese Spring Festival, and it will be serial powered too, and its power consumpiton at wall will be less than 0.4W/G.

This now brings the question, (one that probably nobody can answer) why would this guy who could have literally swum in coins like Scrooge McDuck would be laundering money? Was a really a case of defiance against the state and or just unlimited greed hidden behind claims of freedom?



2392  Economy / Exchanges / Re: BTCC exchange, discussion, reviews, opinion on: January 20, 2023, 12:16:44 AM
So I'm pretty sure it's just a new scum exchange that pretend to be an old exchange, old exchange surely will appear on the top 20 if they're still operated until now.

Oh really?
https://cointelegraph.com/top-people-in-crypto-and-blockchain-2020/bobby-lee

Quote
Bobby Lee is the former CEO of China’s first cryptocurrency exchange, BTCC, founded in 2011

I have reason to avoid this based on archives of their site. Try to check the snapshots for 2018 or older, they are running a different service than they currently are. I don't think they really started 11 years ago.

Again, see the above link, BTCC was BTCChina at that time it's normal it looked different.

To my knowledge they have a locked thread here: Topic: [ANN] Bitcoin Core [BTCC] | The return to the Core values of Bitcoin.  , unfortunately some negative feedback emerged.
Elsewhere I also saw a new thread about 2022. Topic: BitcoinCopy ($BTCC) ICO - Bitcointalk Announcement, unfortunately also unclear information.

So you just search for the term BTCC, didn't bother to read the topic to see if it's about some coin using the name of the exchange to gain attention, and decided it's about this exchange? You've been lately on a witchhunt that is starting to become a bit too much!

Seriously, is Wikipedia good enough for you guys?
https://en.wikipedia.org/wiki/BTCC_(company)
2393  Economy / Service Discussion / Re: Has an exchange ever blocked your Bitcoins from Signature earnings? on: January 19, 2023, 11:22:14 PM
For example, if you work in an organization and it is discovered that it is illegal, the money that was paid to you for your work will not be confiscated.

It depends a bit on where you live and what type of illegal activity we're talking about and the sums involved!!
Under the civil forfeiture law or which has led to a lot of weird shit and abuse as long as there is any kind of suspicion your money has been earned through an illegal activity they can seize it. So if you're unlucky, you will have to provide beyond a doubt that you have provided service without knowledge of the activities of the said company and you haven't been involved in anything illegal yourself, which might prove difficult in this context!

But not the case with some signature campaigns on the forum!

I just realized that there is an exchange taking action against cheating behavior on bitcointalk. Btw, who usually reports it, and in what way?

There is no such thing, the guy woke up on the wrong side of the bed or posted after ten beers too many.
Probably copy pasted that from somewhere since I see in the modlog his reply was deleted.

2394  Other / Off-topic / Re: How do you measure image width and height ? on: January 19, 2023, 10:29:58 PM
What I actually mentioned here is how to get the correct size of the image for a decent view on bitcointalk forum And for this, third party tools have to be used to know the size of the image.

Just as NotATether said, you don't need to know the actual image width and height to make it look good when you're adding one
Here is your image with just the width you measured and two random ones:





Do you see any real difference or any stretching happening or are the two not "decent"?



2395  Economy / Speculation / Re: BTC Pumping After The Arrest of Sam on: January 19, 2023, 09:54:45 PM


I had a laugh at this, for sure the green arrow was needed, some could have mistaken SBF for the other two guys with police hats!
It's like in those crash videos where there is only one car visible but somehow the author still finds the need to point a red arrow at it, to make sure you don't look at the sky or something like this!  Wink

This may be the one of the BTC down reason, but there are other reasons as well. CZ tweeted as well about this that Btc price has been recovered to the place where from it down after FTX collapsed.There are still many other reason also like MtGox changed his mind.

The main reason was CPI data and speculation that FED will finally change its policy on interest rates.
The biggest hike during this bull run happened exactly as the numbers were released:
https://www.coindesk.com/markets/2022/12/13/bitcoin-as-november-inflation-data-shows/
A lot of shares also had a bump on that day, even Tesla managed to get a 10% back, the whole Nasdaq index went from 10,305 to 11,095 and shares are far less volatile than crypto.

The recovery of funds from FTX just kept the fire burning but alone they wouldn't have meant much.
Overall positivity is what brought this pump, not SBF or CZ or anyone else.


2396  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Anyone know why FTT price started to rise just now? on: January 19, 2023, 09:20:15 PM
FTT pumping again on the news that the new CEO is considering reopening the exchange. https://www.wsj.com/articles/new-ftx-chief-says-crypto-exchange-could-restart-11674143168

Hmm, it's more like a recovery pump after the previous one faded away.
Indeed it went up nearly 300% from the one-month low of 0.8$ but it's still only $2.4 compared to $25 before the crash and peak of $77. Of course, the news of a possible restart from a damaged company would for sure trigger a pump with every kind of asset be it coins or shares but it's a long way up to recover even a few of the losses.

The bright side with FTX is that the reason it failed was an individual, so if that guy and his roommates are removed from any kind of decision-making job the exchange itself has no reason to not be economically viable.
2397  Economy / Economics / Re: How is the cost of living in your country? on: January 19, 2023, 07:49:09 PM
Today I purchased some fresh fruit, a loaf of good bread, good quality milk and 2kg of chicken drumsticks for my German Shepherd (he eats human food only)
I would be curious to read of the experiences others around the world are having in regards to their cost of living.

Bruh, talk about First World problems here!
You do realize that there are people in some countries who can't afford meat at all and you're talking about how the price of chicken drumsticks you feed your dog has risen? And I'm telling you this as a guy from Europe who doesn't have that food problems, but I can still imagine how some that make $300-400 a month are feeling when reading this!
People can't afford onions and your dog is picky!

In my country, maybe it is a country that has a fairly cheap price of staples or daily necessities. because the price of chicken meat here is only 2.5 dollars per Kg. and the price of rice is only 0.7 dollars per Kg. and for vehicle fuel only 0.89 dollars per liter. But what should be the benchmark is the purchasing power of the people themselves.

Yeah but for the purchasing power there is more thing, let's compare the average wage in Australia and Indonesia and see how many kilos of chicken meat or gallons of gas each can afford! Even at 7$ (usd/ not aus) per  per kilo for meat, do you think the average wage is just 1/3 to compensate? It's closer to 10!
2398  Other / Beginners & Help / Re: What are Address Poisoning Scams? on: January 19, 2023, 07:25:22 PM
Stupidity, laziness, being in a hurry, being careless... people use different excuses and justifications for why something bad happened to them.

I still think it has to be way more than this to fall for this trap! Way more! Add unfit-to-own crypto to the list or something like that!
I mean seriously, who will look at the addresses and see that it has received some coins from x and instead of sending to his normal dress will just copy-paste x? Is this all that this "attack does" (copied from your links)?

Quote
The scammer's address might look very similar to your own Ledger address.
The scammer is now hoping that you'll grab their address from your transaction history by mistake and send them your funds.

What are the chances of this actually happening, let's forget the laziness, stupidity whatever, but not only this it will still need another thing, for the victim to not receive any other transaction to his wallet until he decides to send some coins out.

Furthermore, this whole thing is just ridiculous:



In the example of the article, the victim sends the transaction to an address that starts with 0x61, completely different than any address in the wallet or that has been used before,  I don't think that there is anybody who checks the last characters first and then simply decides to send while the first two are obviously not the same.

Just as you said I don't know how lucrative this would be on a different chain, probably on BNB or other networks it might work, on BTC fees will kill this spam immediately. Still, $1.5 million? Losing faith the whole be your own bank thing would work in this world!
2399  Other / Beginners & Help / Re: Warning ⚠️ there is a new hack that steals bank/crypto info on your phone on: January 19, 2023, 06:04:40 PM
I have deleted this shit over 20 times already but the sender keeps sending it back, if you know how I can block the sender ( hidden number ) please do share. God bless

Android? Depends on the version and if there are no custom things installed from the carrier itself but usually blocking unknown numbers from the call settings option> block numbers > block unknown numbers slider > will block messages too, at least on my phone. If that doesn't work you can install Truecaller!

But seriously, why would someone download and open a file received from a stranger? Just why?
This is no different than opening a spam email attachment!
2400  Economy / Economics / Re: The Growth of cryptocurrency over foreign currency. on: January 19, 2023, 05:22:05 PM
as in case of society currently are about to change which will automatically make both investors and government agencies to change their currency into Bitcoin

Bitcoin grows 20%, recovering 5k after dropping 40k and everyone goes nuts with these predictions.

What government and what investors are massively switching their currency to bitcoin?
Just think for a second if we would have such a massive change, wouldn't the price be at least at January 2022 levels when we were at double the current numbers? If they would be buying this much it would have been already refected on the markets? One little pump and everyone things that something radical has changed and suddenly we're going to switch from dollars or euros to bitcoin.Chill!

I think to a certain degree, natural disasters and wars set the stage for which stores of value retain the highest degrees of reliability and durability.

Yeah because from February 21, 2022, Bitcoin has gone up from 39k to 20k right now! War so so good for bitcoin!
Let's see if you have a new war over in Taiwan (god forbid it actually happens, just hypothetically) what's your bet on the price, 10k or 100k?

There is no growth when there is an economic downturn, how many of those do we need to go through to finally acknowledge it?
Look when gold started gaining value, it wasn't until late November that we finally had good news about inflation and the economy in general, during the crisis in March and October after an initial pump it went down from 2k to 1.6k, hitting 10% lower than before the war! Adjust it against inflation and it's even worse!
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