Spamming mempool now means more panic to the average Joe in these days he's overly panicked. Does he want to make people change their minds about withdrawing from exchanges? Or does he try to cover some exchanges that can now claim withdrawing issues? I don't know.
As much as I dislike CZ and Binance, spamming is not really the word here. I said it when the FTX drama was going down, with everyone rushing to get their $10 or even $5 out of that exchange you're going to have a delay, and if the same happens now at Binance they have no choice as to start consolidating all the deposits of everyone to either pay up or use the satoshis deposited. Looking at this kind of tx: https://mempool.space/tx/0672e85e5f95fe7ad3bc3c23d39c1c0d499d00e00be6015fbb1def102446bc4dImagine you have $1k in 200 inputs, and this is one for hundreds of deposits, if they are running low on coins they must do this, there is no other way. If they touch the cold wallet there is panic! If they touch the reserve deposit there is panic! If they consolidate the wallets there is panic! If withdrawals are delayed for more than a day, there is panic! Besides, isn't this what we're preaching for, for everyone rushing to get their coins out? And if he really wanted to panic the markets he would have put something double, what's an extra 20 BTC for him, especially since his own pool will be mining one-seventh of it? |
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First of all, what is the basis of a country is in a recession?
The experts said that if a country has a negative GDPs for 2 straight quarters, then it's officially in a recession. US already had a negative GDP on both the first and the second quarter which means that they are technically in a recession. On the other hand, their president Joe Biden said that they are nowhere near the recession.
The data for Q3 has been already out for months Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the third quarter of 2022 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. https://www.bea.gov/news/2022/gross-domestic-product-third-quarter-2022-advance-estimateCommon, it's November why do we still talk about Q2? With this growth, the whole technical recession drama has been postponed for the next year! High inflation and rising unemployment both attest to the economic hardships ahead, but the economy is at greater risk.
What high unemployment when both largest economies post record levels of employment? https://ec.europa.eu/eurostat/web/products-eurostat-news/-/ddn-20220928-2https://www.ft.com/content/1f3a7a41-daa8-49c5-ab51-3c0822421e40 |
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I believe that it is advisable for Republicans not to quarrel, but to nominate a single presidential candidate from their party.
And Elon Musk could be such a candidate.
Musk was born in South Africa, his father was South African, and his mother was Canadian. He can't be president! You have to be born in the US or like McCain or Tulsi Gabbard be the son of two us citizens. |
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There is Hope at the End of the Tunnel. Don't Give Up. The saying is actually : There is light at the end of the tunnel Another thing is that many add, just pray the light it's not a train!  It's quite funny how the forum suddenly has turned into some kind of meeting for every spiritual and motivational coach and speaker is trying to boost the crowd's morale scared that if the crowd leaves he is out of business. This is the first time this year when really in terms of morale it's at an all-time low, and the avalanche of those topics where you try to keep it up it's just pointing out the obvious, fear has gained a foothold and it's here to stay. Crashes or simply this bear market is always been part of this crypto space or simply with the market.We cant really just expect to have a single path to take which is upwards.The key point on here is that, on the time
Yeah yeah, If anybody would have posted back in July that FTX will go bankrupt he would have been labeled as a fudder or fuddist, whatever the term is, when the thing actually happens, no it's nothing, we're used to this, it's normal everyone saw it coming. |
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I know ASICS are not generating as much heat, but GPUs are running quite hot.... when you have a bunch of them.
This is impossible and it goes against the laws of thermodynamics. A 300W GPU will produce the same heat as a 300W ASIC. That electricity you feed both of them has to either go somewhere or transform into a different form of energy, in this case, heat. Asics and GPU are not different from each other when it comes to the principle of working, both have chips, both have transistors, and both have electricity running through them. So, 4 Gpus rated 250W running at full throttle will create as much heat as 1 1KW Asic, and just as much as 1KW heater, with a tiny fraction of those in under the 1% going to be other kinds of energy, like light for example, as light bulbs did. As a competitive gamer [somewhat] and a former miner, I do know for a fact that "sometimes" my GPU produces more heat in comparison with what I was getting back in the day for mining... It's also worth noting that I was using MSI Afterburner to slightly underclock my GPUs for the latter [I'm doing exactly the opposite of it for gaming (to get the most out of it)].
They produced less heat because you underlock them so they would also draw in less energy. You can do the same for Asics, they all have this feature, but if you do in order to limit consumption you will also limit the heat released by the same percentage. There is no way you can have two GPUs with different power consumption produce the same heat or the other way around, one producing more heat but with the same power draw. |
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He said I had to make an offer on a specific advertisment by an user and that I had to copy paste a name and a number given by him, that this person was his friend and he will inmediately know what to do, I did as he said.
They have a chat box. Did he ask to send those info in the chatbox. ~ I don't understand this part. You said he deposited the money to your number/bank whatever which means you owe the crypto to him. Then why would you even need the customer support? Honestly, from your writing it is difficult to understand how the chronology of this scam was carried out.
He got scammed in a pretty lame way, so here is the TLDR 1. The scammer got his mobile phone number 2. Scammer called and he offered him a very good deal with a trader, telling him that in order to get that deal he must tell he was referred by him by copy-pasting his name and a number in chat 3. OP entered the chatbox, and copy-pasted not only the referral name but also the scammer's bank account 4. The scammer sent the money to that bank account which was obviously his and took the coins too OP can't do anything because he entered in the chat the scammer's payment details instead of his own, so Binance can't do a thing. Imagine that everyone would claim tomorrow that the own payment details he entered in chat are not his own.. 3. So I make a trade with him
4. I received a sms message saying that I got the local money already (I didn't check my wallet, that's my fault)
Sorry for the loss but didn't you find it weird, as I assume you had multiple transactions that there was a different number and no sense id? Of course, I might be wrong but here all the banks have a sender ID and you can't buy any name resembling a bank from any SMS provider. |
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I don't know on which basis you are saying it as fake P2P trading. I have done many transactions. And also called to the buyer or seller many time.
I found my own language person in call which live in different city.
Also found the local bank accounts and telecommunication numbers.
Simple: P2P trading on Binance - you go to Binance and select a trader - you select the offer you send money via your bank - you get your coins Centralized trading on Binance - you go to Binance and look at the markets - you select the price you want to buy, and you deposit money via the bank - you get your coins In which case did you get rid of both the centralized platform and the third-party payment gateway? |
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The drop is still not here, the diff is just swinging because we have quite some messed up block times going up and down 9.7, 10.7, 8.6, 11.3 but overall nothing that would indicate something major switching off, probably will only do it at the end of the period, if at all. Profitability is down the drain following the price, I'm looking at some graphs and I see barely 5 cents per th, and then there is bitmain selling you some gear that will ROI in 3 years with free electricity. This will be one hell of a purge, I just hope that mining companies going down won't have the same effect as the failure of the other and won't push prices down even more, even if it's temporary. I'm looking at some press releases https://www.prnewswire.com/news-releases/hut-8-reports-operating-and-financial-results-for-q3-2022-301674163.htmlhttps://www.globenewswire.com/news-release/2022/11/08/2551429/0/en/Marathon-Digital-Holdings-Reports-Third-Quarter-2022-Results.htmlLove the optimism and I wonder what backs it as those numbers sure don't, also, quite an interesting view on 2023 from one of them:  Just for future reference: Latest Block: 763187 (9 minutes ago)
Current Pace: 100.6235% (1140 / 1132.94 expected, 7.06 ahead)
Previous Difficulty: 36835682546787.98
Current Difficulty: 36762198818467.21 |
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If CZ and Mr. Mars published some apocalyptic statement today, would that mean that Bitcoin would die (again) and panic would reign?
Mr. Mars did an interview a few days ago and I sincerely can't find any line where not to agree with him, especially the last line: https://www.coindesk.com/business/2022/11/12/elon-musk-reveals-talks-with-sam-bankman-fried-my-bullshit-meter-was-redlining/“I would reaffirm that, if you have crypto, you should have it in a directly-accessible cold wallet. Not in an exchange,” Musk said. “That would be wise.” Apart from stating the obvious and not the SAFU things CZ is promoting, I liked how he characterized SBF, pretty much nailed it. And I know my bullshit meter was redlining. It was like, this dude is bullshit – that was my impression Too bad too many felt for his bullshit, but at least we don't have any contagion to bigger and more important companies so that the whole world would point fingers at crypto again like bitcoin would be to blame for! Below was the reason, some extra confidence was spread in the community by CZ:
Yeah, the guy that triggered all this now spreads confidence, we got rid of all our competitors through shady deals and made a lot of people lose money, but now you're safe as I'm the only one in charge of everything. Love how he has found all the ways to protect everyone AFTER the things he knew for months screwed eveyone. |
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First of all, P2P is the process of performing cryptocurrency transactions directly between two people without middlemen and third party intervention. It allows you to determine your best price.
Always this myth that if you go to a platform that calls itself a p2p exchange you're getting rid of intermediaries and these 3rd parties. It's not like that unless you use a completely decentralized platform, with no central server and you do your transactions face facing in cash, if no then you're still at one point relying on a third party. Take for example this deal on Binance, if you went to binance p2p and you selected to buy coins and pay the guy via WU or Paxful or bank transfer then you have used: - a middleman, the platform where you have met your buyer - a third party, the bank, Paxful, WU, or whatever other payment services you used True p2p means you gave the guy coins he gives you the money, there is nobody that can freeze that money, (like a bank or Paxful) and there is nobody that facilitates that meeting so if that middleman is gone (in this case Binance's website) you can still deal with your buyer as nothing happened. |
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It also might put more investor funds at risk by spreading fud -
Oh for god's sake let's just stop with the FUD! Every single time there is news that nobody likes, it's FUD! China banning mining, is FUD, the hashrate dropping in half, the avalanche of used miners on the market, all the big farm owners' interviews while on the move, everything was FUD because some didn't like the fact that bad things do happen! And it's not FUD, they are real, beyond uncertain easy-to-proven facts! Terra was FUD, Celsius was FUD, FTX was FUD, let's go back to 2013 and there were people saying MtGox being insolvent is FUD! I just read this the other day: Exactly! I am also a victim here, at first when the issue started to pop public, I am really saying it was just a FUD, I tried to withdraw a small number of funds from the FTX exchange and went succeeded, but after a few hours when withdrawals halted, I deposited some amount which my plan is just to convert it to another chain and until now the withdrawal is still pending.
It's just FUD! No problem! Not a worry! And speaking of "investors" how do we put their funds at risk when the message is to keep your funds safe, in your won wallet not guarded by some wannabe 3.0 banker and his 20 roommates? |
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~. You missed an important revenue stream. These companies are making money from lending out users' deposits without their knowledge or consent to a variety of shady, untrustworthy, and unreliable third parties, without proper (or indeed any!) guarantees or collateral. True, and normally I would have listed this as a perfectly legal way of running a business. But after the Celsius fiasco, I understood nobody uses these lending features as it was supposed to, you pay interest 5% on the use coins you charge 10% when lending and the whole customer base is just as you say, no real business which needs real-life funds available, but just guys playing with leverage and arbitrage or whatever, and these guys I bunched them together in the "investor" category as they too have started to pack bags once the market turned full bearish. As I have commented on our local forum, it seems that today's sharp drop is due to problems with the crypto.com token. Apart from FTX, crypto.com, Gate.io and Huobi are in trouble. The most relevant is that yesterday they had to prove their liquidity and were making transfers of large amounts, which in some cases they attribute to an error. Oh lol, crypto.com, the other one spending left and right, another stadium, a formula one car, and the FIFA world cup losing a sponsor. How much money have they printed out of thin air and how much of their user funds have they spent on all this crap? Crypto com started pulling out of sponsorships between June and September, they claimed regulations, which is petty stupid, seems like knew once Terra Celsius collapsed that they don't have that money either. I would empty all my accounts right now, no matter what the exchange is, no matter how SAFU they claimed to be. |
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And the list of companies that will get screwed by this won't stop to the crypto ecosystem   And of course:  The Heat were to receive $2 million a year as part of the deal. Most of the rest — roughly $90 million over the lifetime of the agreement — was to be paid to the county, the vast majority of it earmarked toward fighting gun violence and poverty.
FTX entered into a number of sports-related deals, including with Mercedes for Formula One racing and a sponsorship deal with Major League Baseball — whose umpires wear the company’s logo. Earlier Friday, Mercedes said it would immediately remove FTX logos from its Formula One cars.
Not even mentioning the millions that kept a few NGOs and politicians afloat and sponsored their campaigns, tens for sure if not hundreds of millions when this whole fiasco will start to be deciphered. The fall of FTX Group could also mean the fall of some of these projects. And since some of these projects are lending companies, trust companies, or platforms that accept investments or simply money from their respective customers, the domino effect of FTX Group crumbling down is definitely massive.
It's about time the average cex user learns one small thing, all these companies are making money out of crypto user's pockets, they are making money out of fees, out of the price of their crypto investments going up if they manage to sell to somebody, and that's it. There is no other magical money-generating business, but a lot of other expenses, like the sponsorship mentioned above, like the wages of the staff, rent, server cost, and so on and on. And when the money flow from the average investor is cut as they don't feel like buying or trading, the whole charade falls like a house of cards since there is no money to pay the expenses and generate the virtual income with which you've entrapped a lot of your older customer. The bull run to 60k created too much money, too many hyenas waning a piece, and too many companies battling for the same source of revenue, now that this has dried up, we have this. |
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You call it rumors, but I think you are wrong, these are facts.
Then you're certainly not reading and not understanding the links you're posting yourself: The Commission is aware of public statements suggesting that clients’ assets were mishandled,
mismanaged and/or transferred to Alameda Research. Based on the Commission’s information, any such
actions would have been contrary to normal governance, without client consent and potentially unlawful.
Is aware of public statements - means it's aware of rumors Based on the information, any of these actions "would" , would here means possibility. Since the unfolding of events involving FDM, the Commission has proactively dealt with the situation and continues to do so. The Commission determined that the prudent course of action was to put FDM into provisional liquidation to preserve assets and stabilize the company Do you see them pointing fingers? Saying anything? No, freezing the accounts so nobody blames them for more money going out and more clients losing, that's all. There are 2 dozen special services in the USA, isn't anyone interested in this?
There were 4 dozen special services in Russia too, too bad they are wild dogs' food in Herson's fields. Funny how every time someone is in trouble you need US help. If US messes with Salvador or Bahamas, then it's dirty colonialism. |
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~Snipped~
I'm sorry, did they only provide you with 24 hours to verify your account before limiting it? I was given 10 days before the first restrictions would take place, and till then, I had another 20 days before more restrictions took place. I can't remember what would get restricted when, but I do remember mentioning 10 and 30 days, respectively. My bad, seems like indeed there was another email but since It went into the folder with other emails Binance is sending daily I didn't even bother to check it, I knew I had no exposure, and no money in that account so I just let them expire there. So yeah, 12 days ago this one landed:  And now that I read it once more..."Have your passport (or identity card) and your smile ready" Oh, how cute!!! Let me apply some mascara too, just for you my dear CZ. Also, the same reward here, it was mentioned in the first mail, not in the other two. |
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Did you notice how they started the sentence in their email with wanting to ''protect'' users?
I don't see how sending them verification documents multiple times can protect users in any way, it just increases risk of them getting hacked, leaked and posted in public online.
But of course, it's for my protection! It's just as you'd hand every drug dealer your ID card, your last medical check-up, a bank statement showing that you have the means to buy those, along with a signed document that you are aware of the consequences of usage and you have no claims again him if things go south, it's all for your sake and security and well being! Joking aside they did a bit of protection, they blocked deposits so I can't buy their BNB or BUSD coins by mistake, this one, it's genuine protection! It's best to unsubscribe from their emails and stop using Binance while you can, or maybe they could force you to use it in dark future when Binance have full control or trading markets.
No, not going to happen, I do care what happens with my docs but with an exchange forcing me to use it, no, not the slightest. As long as I live in the EU, here the laws are different from what CZ thinks and plans on doing, that's why he barely advances here with a ton of restrictions, no such financial monopoly will ever happen as antitrust laws are set in stone and nothing will move them, one of the few things good for all that bureaucracy. Btw, Ultegra134, I forgot to ask you, was there a reward promised for you also when they requested it? And since you got verified, what was that? I'm really curious! Okay, here's the update I promised. I'm now successfully verified after trying twice.
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Galaxy Digital also have over 70 million dollars tied to FTX Exchange, they are now withdrawing 47m $
Good luck with that, if they were the first in the line they might have gotten their money back but if at the time of the article they were in the "process" of it, then they can already write it off. But since the master strategist behind GD is had a tattoo of Luna done one month before the collapse, it's probably zero money recovered, and three times the loss and the exposure. Also, no, the dump is not starting now because it has started with Do Con and his Terra garbage, which like in a domino effect started crushing investment funds and exchanges and reminding everyone why we call them shitcoisna and shittokens, because there is nothing behind them, there is no real utility, there is no usage, just a ton of wannabe investors moving money that there were never theirs in their place and playing the fraction game ten times the scale banks do and ten times worse. So, in nothing truly positive happens in the economy, like inflation going under control, the end of the war in Ukraine, or avoiding recession, we will have to keep on watching all this fiasco unfold till we finally weed out every single one of them. But it will come with a lot of pain for the ones that trusted their tokens, that invested money as well for the ones that thought this will be the year of x10 and x20 returns and put another mortgage on their house to catch it. And this is where DCA would set in on which it would be just ideal if you do have considerations on accumulations on cheaper prices if you have done on buying on 19-21k price point.
Oh yeah, all the guys that started DCA at the beginning of the year must be thrilled by now with their results. |
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The news said SBF is still in Bamahas, it could end up how Karpeles hides back when no regulators want to take action.
How is Karpeles hiding? He was in Japan when Mt. Gox collapsed, he was arrested by Japanese police forces, and he went to trial there, he was released on bail and required to remain in Japan which he did! Why hasn't Bankman-Fried been arrested by law enforcement yet?
By what law enforcement and on what base? What you have there are rumors that there is no actual police investigation if any company goes bankrupt and there are rumors that clients' funds might have been used do you think everyone will get arrested before an investigation, just because someone is pointing fingers? Crypto exchange FTX lent billions of dollars worth of customer assets to fund risky bets by its affiliated trading firm, Alameda Research, setting the stage for the exchange’s implosion, a person familiar with the matter said.
FTX Chief Executive Sam Bankman-Fried told an investor this week that Alameda owes FTX about $10 billion, the person said. FTX extended loans to Alameda using money that customers had deposited on the exchange for trading purposes, a decision that Mr. Bankman-Fried described as a poor judgment call, according to the person. So, some guys gives an interview and you think is a base for an arrest! Let's wait and see if it's even like that, I'm starting to change my opinion on SBF, unlike Alex Mashinsky, which by the way is still free also, he seems more and more like a guy that actually believed in the nonsense he was saying, not that he is not guilty of all this mess but I don't think he did it just for financial gains. |
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Bumping this since it was my turn to get those:  Since, well, we all know what happened lately and I had like 0.0* something in from rewards or stuff like that (Estimated Balance ≈ $2.13), of course, middle finger and I will not do a thing about it, not going to send fresh copies of my papers to them, 24 hours and this is what I got:  "your Binance account has been restricted from depositing currencies" Oh, the tragedy, then I went to log in and see what are the requirements, and here we go:  How about no, sorry, you're not getting facial recognition from me, nor am I going to send you bank statements and fill in your questionnaires since for god's sake you're not even licensed to fully operate in the EEA. So, bye Binance! |
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Now I have to dig though more phones that have been in storage around the office forever. Try to clean up, try to recycle and then this happens :-)
If those phones have been in storage for more than 5 years high chance they are not going to be of any use. I have a feeling everyone thought that old Nokia phones will be good for this and when I say old, like the well-known 3310 or my favorite 8810, that silver and slick slide, god how happy I was when playing with it. But these phones are from the new generation, the oldest on that list seems to be from 2015, and the newest from 2020, pretty hard for a phone like that was bought just two years ago to be already catching dust in some drawer, its older people who buy them and they don't change phones every year. Still, cute idea but I would probably not store more money than the phone is worth on it. |
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