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101  Bitcoin / Bitcoin Discussion / Re: Big decision by the OCC - Banks can now hodl Bitcoins. on: July 24, 2020, 06:45:13 PM
banks shouldtake startegic positions in the blockchain space so as to remain effective in the financial world. If the world goes digital and complete alternative to banks are presented by innovators then it poses a threat to the traditional banking and can entirely eliminate her.
102  Bitcoin / Bitcoin Discussion / Re: Steve Wozniak Sues YouTube Over Twitter-Like Bitcoin Scam on: July 24, 2020, 06:43:16 PM
i do not necessarily consider the the suit. Although loads of people and projects have been upto false giveaways but i think Steven Wozniak should pay deaf ears to what comes out of people who decide not to keep their dignity and integrity by living up to their expectations. Its really not worth the stress although it will serve as a deterant.
103  Alternate cryptocurrencies / Altcoin Discussion / Re: PoW is not what makes Bitcoin secure on: July 24, 2020, 10:46:30 AM
I had many comments saying that the Proof-of-Work algorithm is what makes Bitcoin secure and resist the 51% attack. This is not true. What makes Bitcoin practically resilient to the 51% attack is its size. Because of Bitcoins size it's extremely expensive to perform this attack and therefore nobody will likely do it. But also because of Bitcoins size and because it doesn't really scale, it's very slow. Also Proof-of-Work algorithm is still very susceptible to the 51% attack.
So what's you point here  Huh
If the Bitcoin network is large, shouldn't that be good news? 
What's the point of decentralization then?
I don't see any point you are trying to make here except shill a less popular Monero. If you wanna discuss Monero, head over to the altcoins discussion board.

Monero is basically everything Bitcoin promised to be.
What did bitcoin promise to be?

Exactly my point. i couldn't pick out the exact point. reading the topic and checking out what was said. to summarise, bitcoin is the realm deal whether or not there is 51% attack or not, Bitcoin still remains the First mover of the blockchain technology and also the Secured network i know about.
104  Bitcoin / Bitcoin Discussion / Re: India may again ban cryptocurrency on: July 23, 2020, 08:28:43 AM
There's a possibility of India to ban crypto again. According to an article by decrypt, "A new bill in India may be proposing up to ten years of prison or fines up to $3.3 million for using cryptocurrency."
If the bill passed, the chance of having Indian into the crypto space will be very low as the punishment is too high.

As at today, if this bill has not been passed into law, then i doubt its ability to become a law because india has come to the awareness that cryptocurrency is the new big deal and they will not want ot be left behind in the runnings of technology as they have key roles they have already taken in the space.
105  Bitcoin / Bitcoin Discussion / Re: Is it worth hosting a lightning node? on: July 23, 2020, 08:19:06 AM
please drop an article or link to a documentary or video where one can learn how to host the network as i am also very interested. A friend of mine ones told me about the hosting of the lightening network but he was yet to get clearly the tehnicalities involved. any information shared here will be of great assistance.
106  Bitcoin / Bitcoin Discussion / Re: Strengthening Property Rights of Bitcoin on: July 23, 2020, 08:12:01 AM
Recently, the Chinese Supreme Court favors strengthening the property rights for bitcoin. From this article published on July 22, this includes empowering the network virtual property, data, and an increase in recognition of cryptocurrency as virtual property, thus resulting in better laws protecting owners.

What their aim is:

“promote the improvement of a modern property rights system with clear ownership.”

This will indeed, protect owners from the illegal seizure of their asset and
use of public power to infringe private property rights.

What does this mean?

As a cryptocurrency enthusiast, I find that there is a deeper and more promising implication of this news to bitcoin and the bitcoin community as a whole. That is, Cryptocurrency is being Legally Recognized as a Property. Meaning, that most of the countries today, are taking cryptocurrency seriously, some are already treating it the same way as cash
In February 2019, the state of Wyoming passed a bill that would allow for cryptocurrencies to be recognized as money.
But the best part of cryptocurrency adoption is when the Government is passing helpful laws about protection of property and laws concerning cybersecurity.

Moreover, we cannot deny that in the near future, our anonymity with cryptocurrency will slowly fade as we accept KYC verifications from local exchanges because of the need to obey from Governments's regulation. Who knows, but for me, I'm okay with it if the goal is wider adoption of crypto and a safer transaction environment. What's your opinion?

And who says massive adoption of the technology is not fast growing? The approach been given to the technology by government agencies and the laws and rights passed into law globally has further strenghtened the way and manner in which nvestors see digitlal assets
107  Bitcoin / Bitcoin Discussion / Re: How do we really know how many bitcoins does satoshi have? on: July 23, 2020, 08:00:17 AM
knowing wht satoshi has as bitcoin solely dependent on the origin of the blockchian wallet that was used to create  bitcoin. At this point in time, it is almost impossible to note which wallet is the main wallet that was used as the first. i consider the quest for the knowledge on how many coins satoshi has as impossible and friutless.
108  Bitcoin / Bitcoin Discussion / Re: Tron's Justin Sun Offers $1 Million Bounty For Twitter Hackers on: July 22, 2020, 05:40:53 PM
Justin Sun, founder of cryptocurrency Tron, revealed in an interview he will give $1 million to anyone who can identify the names behind the persons who hacked Twitter earlier Wednesday, July 15. Sun’s and Tron’s Twitter accounts were also compromised during the incident.

According to Cointelegraph, Sun said they were working closely with the social networking platform to resolve the issue. He also affirmed they were very vigilant in handling their accounts. Finally, Sun said the attack highlighted the need for decentralization and adoption of trustless software and services.

Sun’s Twitter account appeared to not have said a statement regarding the hack. However, the Twitter account of Bittorrent, his other company, requested followers to remain vigilant while the hack was ongoing.

The security breach at Twitter was the largest at the moment as hackers were able to take control of dozens of accounts, not only crypto companies, but also verified accounts of tech figures like Elon Musk and politicians like Barack Obama and Joe Biden.

All the compromised accounts were tweeting about a scam giveaway. It appears the scammers managed to rake in $118,567 in today’s Bitcoin prices.

Early investigation inside Twitter revealed the hack was a coordinated social engineering attack; hackers were able to successfully target Twitter employees with access to internal systems and tools.

This incident is corroborated by Vice Motherboard, whose sources revealed the hackers paid a Twitter insider to gain access to the company’s internal tool.

“We used a rep that literally done all the work for us,” the source told the publication. Screenshots of the internal tool were being deleted immediately by Twitter when someone posted them. Twitter claimed the image violates their TOS.

Twitter said they immediately locked down the affected account and limited the functionality of all verified accounts the moment they became aware of the incident. The social media platform added it took significant steps to limit access to its internal systems.

Senator Josh Hawley of Missouri wrote a letter to Twitter CEO and co-founder Jack Dorsey requesting for more information on the extent of the breach and whether or not President Donald Trump’s account was compromised. In a separate tweet, Dorsey said they will release more information once they find out more details on how the attack happened.


Incidentally, offering bounties in exchange for information on criminal activities is the same policy the SEC (Securities Exchange Commission) uses.


SEC Issues $3.8 Million Whistleblower Award


Washington D.C., July 14, 2020 —

The Securities and Exchange Commission today announced a $3.8 million award to a whistleblower who provided significant information that helped the SEC disrupt an ongoing fraudulent scheme.  The resulting enforcement action returned millions of dollars to harmed investors.

“Today’s award underscores the paramount role the SEC’s whistleblower program plays in safeguarding the Main Street investor.  Since the beginning of the program nearly ten years ago, the SEC has ordered more than $2.5 billion in financial remedies based on whistleblower information, including more than $1.4 billion in disgorgement and prejudgment interest, of which almost $750 million has been returned or is scheduled to be returned to harmed investors,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower.

The SEC has awarded approximately $505 million to 87 individuals since issuing its first award in 2012.  This includes awards to 20 individuals in the last 10 months, totaling almost $119 million.  All payments are made out of an investor protection fund established by Congress that is financed entirely through monetary sanctions paid to the SEC by securities law violators.  No money has been taken or withheld from harmed investors to pay whistleblower awards.  Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action.  Whistleblower awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million.

As set forth in the Dodd-Frank Act, the SEC protects the confidentiality of whistleblowers and does not disclose information that could reveal a whistleblower’s identity.

For more information about the whistleblower program and how to report a tip, visit

The SEC claims $750 million dollars was returned to harmed investors by their whistleblower bounty program since 2012.

$750 million has been returned or is scheduled to be returned to harmed investors,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower.

Here's to hoping Justin Sun's bounty program is as successful.

it is a good step towards helping the antifraud agencies in unravelling the mystery beind the twitter hack. i think this hackers need some serious punishemnt and that is one of the reasons why they should be fished out. to further deter people from perpetrating this kind of act in the future.
109  Bitcoin / Bitcoin Discussion / Re: Finally some justice, scammer sent to jail at South Korea. on: July 22, 2020, 05:38:44 PM
A man was sentenced to 2.5 years for his involvement in a 249 million scam, it seems the two main culprits have escaped overseas, basically the scammers offered the victims a percentage of their mining profits if they invested with them only to be discovered later that no mining took place.

Do you think his punishment is fair? Those people scammed so many people out of their savings in something they knew was fully illegal and yet the sentence is incredibly light, how many people have seen their future crumble just before their eyes or even killed themselves over this.

While it is nice that at least a scammer has to face the justice system at the same time I am disappointed by this short sentence. What do you think of this?

the furthereance of fraudstars existing within the crypto space is one of the reasons why people get scared of coming into the space and technology. I think wwho ever is caught in the business of scamming people via schemes said to be a part of the spcae should face dire consequential punishment.
110  Other / Beginners & Help / Re: Why bitcoin never a ponzi on: July 22, 2020, 05:10:37 PM
it was the earlier reason people often had that made them refuse to invest in o rstudy whatever is related to bitcoin. later when it became obvious that bitcoin cannot be surpressed we heard a different version of the tales people talked about adn they even started buying loads of it to hold. bitcoin has no business with business.
111  Bitcoin / Bitcoin Discussion / Re: Bitcoin puzzle transaction ~32 BTC prize to who solves it on: July 22, 2020, 05:06:28 PM
Hi guys,

In continuation to this thread:

While playing around with my bot, I found out this mysterious transaction:

those 32.896 BTC were sent to multiple addresses, all the private keys of those addresses seem to be generated by some kind of formula.

For example:

Address 2:

Biginteger PVK value: 3
Hex PVK value: 3

Address 3:

Biginteger PVK value: 7
Hex PVK value: 7

Address 4:

Biginteger PVK value: 8
Hex PVK value: 8

Address 5:

Biginteger PVK value: 21
Hex PVK value: 15

Address 6:

Biginteger PVK value: 49
Hex PVK value: 31

Address 7:

Biginteger PVK value: 76
Hex PVK value: 4C

Address 8:

Biginteger PVK value: 224
Hex PVK value: E0

Address 9:

Biginteger PVK value: 467
Hex PVK value: 1d3

Address 10:

Biginteger PVK value: 514
Hex PVK value: 202

Address 11:

Biginteger PVK value: 1155
Hex PVK value: 483

Address 12:

Biginteger PVK value: 2683
Hex PVK value: a7b

Address 13:

Biginteger PVK value: 5216
Hex PVK value: 1460

Address 14:

Biginteger PVK value: 10544
Hex PVK value: 2930

and so on...

until the addresses 50 (1MEzite4ReNuWaL5Ds17ePKt2dCxWEofwk) it was already cracked by someone.

Any ideas what's the formula behind the generation of these addresses?

Address 2, pvk decimal value: 3
Address 3, pvk decimal value: 7
Address 4, pvk decimal value: 8
Address 5, pvk decimal value: 21
Address 6, pvk decimal value: 49
Address 7, pvk decimal value: 76
Address 8, pvk decimal value: 224
Address 9, pvk decimal value: 467
Address 10, pvk decimal value: 514
Address 11, pvk decimal value: 1155
Address 12, pvk decimal value: 2683
Address 13, pvk decimal value: 5216
Address 14, pvk decimal value: 10544
Address 15 and after, pvk decimal value: ?

The prize would be ~32 BTC Smiley

EDIT: If you find the solution feel free to leave a tip Smiley 1DPUhjHvd2K4ZkycVHEJiN6wba79j5V1u3

i do not see the possibility in solving this complex technology with the help of this detail as it is almost not to be computed by humans but by a computer. although its an old post but then it is simply a computerized puzzle.
112  Alternate cryptocurrencies / Altcoin Discussion / Re: The return of ICOs on: July 17, 2020, 01:35:49 PM
Guys, do you think that ICOs could make a come back? I do and here is why. Every year dozens of companies raise money in Silicon Valley for startups, many pre revenue. Also, with the economy injured from nCov19, it would make sense to allow for new economies. This would include letting new startups in Blockchain raise money, and imo if they are well vetted, and trusted by the community, they should be allowed to raise money. What do you think?

beyond fund raising for startups, it has other in betweens that are yet to be addressed. People take advantage of the ICO structure to raise funds and still allow investors to face maximum risk at the end of the day. ICO can be revisited after these pending challenges are addresses.
113  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: BINANCE,GEMINI,CZ,COINBASE TWITTER IS HACKED!! on: July 17, 2020, 01:32:00 PM
Hey guys ! be aware of post from Binance twitter because Binance twitter account has been hacked

Hacker post

We are hereby requesting for the decentralization of twitter as a social media platform to allow for cases of hack not to repeat itself again in the future. it was recorded that a bug in in the program was saving password as keylog before encryption to deprive staff from having access but the bug opened it a few months before the hack.
114  Alternate cryptocurrencies / Altcoin Discussion / Re: Investment in a wrong way on: July 17, 2020, 01:24:48 PM
For those newbie in cryptocurrency in all certain platform, if you want to invest your money first, you have to think and conduct a research regarding on why do you want to invest your money. For you to be able to gain a good profit and to avoid the losing of your capital. Hence, there are some people who have insufficient knowledge in trading, investment etc.

There is no legal financial adviser in the crypto space in my own opinion. Everyone has to come to a sense of responsibility concerning his or her finance and therefore should personal advice himself or herself as concerning what to commit funds to.
115  Bitcoin / Bitcoin Discussion / Re: Will mining pools exist after 2100? on: July 16, 2020, 10:47:26 PM
On mining pools all miners get rewarded with the analogous CPU they have used.

I don't know exactly how many satoshis will be generated on every block after 2100 but I know they will be very few. Imagine splitting 1 satoshi. How? Will the bitcoin community create the nakamotos?

1 satoshi = 1000 nakamotos for example. Too dumb question, tho, since we can't know a damn thing about that era. Some say that life will end after 2100 due to loss of natural supplies.

Beyond the reward for miners, there already arose challenges associated with power consumption and over the years we have also seen tremendous development when it comes the protocols been deployed. I see a future where PoW (proof of work) algorithm gets to be upgraded to work with a POS (proof of stake) algorithm
116  Bitcoin / Bitcoin Discussion / Re: Did Coronavirus Help Bitcoin and Cryptocurrency - Debate about with Valutainment on: July 16, 2020, 10:36:58 PM
Judging by the turn out of events and the precautionary measures put in by WORLD HEALTH ORGANIZATION, I will say the out break of corona virus was a an avenue to hoist the flag of Bitcoin as it further reduced the spread of the virus through cash handling as people preferred to use bitcoin for their financial dealings rather than using cash.
117  Other / Off-topic / Re: How the latest twitter hack might be explained by past history on: July 16, 2020, 10:31:05 PM
May 3, 2018

Twitter has admitted that user passwords were briefly stored in plaintext and may have been exposed to the company's internal tools.

In a blog post, the microblogging site urged users to change their passwords.

"When you set a password for your Twitter account, we use technology that masks it so no one at the company can see it. We recently identified a bug that stored passwords unmasked in an internal log," said Twitter in a statement.

Twitter didn't say how many accounts were affected, but Reuters reports -- citing a source -- that the number of affected users was "substantial" and that passwords were exposed for "several months."

It's unclear exactly why user passwords were stored in plaintext before they were hashed. Twitter said that it stores user passwords with bcrypt, a stronger password hashing algorithm, but a bug meant that passwords were "written to an internal log before completing the hashing process."

The company said it fixed the bug and that an investigation "shows no indication of breach or misuse" by anyone.

A spokesperson for Twitter reiterated that the bug "is related to our internal systems only," but it did not comment further.

A source familiar with the ongoing investigation told ZDNet that the internal log where user plaintext passwords were accidentally logged was found in an obscure place, and it's believed that the likelihood of someone finding it was low.

It is quiet unfortunate for the users of twitter whose accounts were hacked. I sympathize with the, and also those were victims of the fraudulent messages. I think twitter should at this point consider decentralization as a technology to help them function optimally.

"Since this is not a breach and our investigation has shown no signs of misuse, we are not forcing a password reset but are presenting the information for people to make an informed decision about their account," said the spokesperson. "We believe this is the right thing to do."

The company had 330 million users at its fourth-quarter earnings in February.

Twitter is the second company to admit a password-related bug this week.

GitHub on Tuesday said it also exposed some users' plaintext passwords after they were written to an internal logging system.

It's not known if the two incidents are related, and a Twitter spokesperson would not comment in a follow-up email.


Google is confirmed for storing passwords in plaintext since 2005:

Facebook also stores passwords in plaintext:

The sad reality is, many tech and financial giants store passwords in plaintext which leaves accounts vulnerable.

As far as anyone knows, they continue to do so, years after the poor security practice was first made public knowledge:

118  Bitcoin / Bitcoin Discussion / Re: Crypto Now Legal In India? on: July 14, 2020, 06:07:48 PM
the case of crypto ban in india has never made me curious as i already know the end result. india is also another hub of technology when the whole world is ranked. if anyone was to embrase technology, he/she will definitely need developers from that region. judging from that fact, it is almost impossible for india to do without the technology as it is in direct parrallel bias with their trend.
119  Bitcoin / Bitcoin Discussion / Re: Bitcoin soon will become a boring investment? on: July 14, 2020, 06:02:35 PM
Allot of people are making investment in Bitcoin, even with the risks involved. Everybody want to own Bitcoin. Many have half or more than half of their portfolio invested in Bitcoin already, This digital currency is becoming  almost common to all, when everyone owns a Bitcoin who then will care about it as it will be as common and a boring investment.

I believe this is a treat in the Bitcoin market value, could this actually bring down the market? Or it is a sign for feature increase in the market? Your thoughts are welcome..

on the contrary of your belief, I believe the scarcity of bitcoin and people buying more of bitcoin is a good one for the coin as it has a limited supply. it will further increase the price of the coin and also give hugh profits to those who invested in it. I will advise you try and get at least one for yourself.
120  Other / Beginners & Help / Re: Tell me a reason why I should use online wallet. on: July 14, 2020, 05:55:26 PM
i just feel the online wallet is way easier, i understand it may not entirely be safe and secure to use it since people actually fall easily for phishing sites and all of those other insecuriies but i just feel the ease associated with it and then i use it with care for security reasons.
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