Bitcoin Forum
March 02, 2024, 02:57:12 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 »
1  Alternate cryptocurrencies / Altcoin Discussion / Is ETH a CNDC ? on: November 05, 2022, 11:01:37 AM
CNDC = Centralized Node Digital Currency (I call dibs on this abreviation  Tongue)

After the waves calmed down with the discussions about 60% of ETH "minting" being done by 3-4 exchanges a new issue rears it's ugly head: OFAC ( Office of Foreign Assets Control ) Complience !

Seems that over 73% of post Merge blocks are OFAC compliant.

And if you ask yourself "So what?" ... besides saying you are a moron:


https://twitter.com/koeppelmann/status/1580893089077809153?t=DA9H3uTYzewW_6mRBh3JWw

In the words of Elon: LET THAT SINK IN !
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin - History repeating itself on: October 30, 2022, 12:33:20 PM
1. Don't compare doge with shiba. Doge is the only meme coin that counts
2. Yes, it is a cycle. When do we short it ?
3  Alternate cryptocurrencies / Altcoin Discussion / Re: The Beauty Of Metaverse on: October 30, 2022, 12:28:32 PM
The first flaw of the metaverse, in my opinion, is that there are too many of them. There is not a single virtual place that hosts all the virtual identities and their avatars. Each project has it's own metaverse, with own coin, own avatar possibilities, own NFTs, a handfull of compatible blockchains etc.

So pretty hard to reach huge numbers of unique users hundred millions and up.

At least for local implementations like a school, some courses etc sound more plausible.

Use a certain address to login and use the same address to send them scholarship payments so you make sure he does not share the pk.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it safe to say? on: October 30, 2022, 12:15:35 PM
This is such a Liz Truss kind of question: about the rich and if they really manipulate the market  Cheesy

Most cases are as rat03gopoh mentioned: the welthy and influencial control the minds, more or less, of their followers and once the coin in question isbhyped enough they sell out and leave many bag holders in the process. And apparently this never gets old.
5  Economy / Gambling / Re: Unpopular opinion about crypto gambling on: October 29, 2022, 06:58:55 PM
I legit was hoping for a conversation, not a place to spam sig posts.

A bit worried that most of you hand out id that easly but that's not a me problem after all.

It seems my mind was not changed after all

Thread locked !
6  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Advice on how to read and set up a Telegram crypto signal on: October 29, 2022, 06:53:05 PM
Although I agree with the above users saying that signals from Telegram groups should not be trusted, I also am the type of person that mostly learns from own mistakes.

The TP strategy mostly depends on your own risk tolerance and the amount risked.

For example if I were to risk $10 than I would try to cash in most TP as high as possible. A YOLO moment. And if it doesn't work at lest it will get Telegram signals out of your system  Cheesy

If the amount is higher, everyone has a different meaning of considerable abount, that the first priority is ROI and then see what extra profit you can obtain once the initial amount is accounted for.

Not sure if there is such a thing as perfect strategy but hey, food for thought.
7  Economy / Gambling / Re: Unpopular opinion about crypto gambling on: October 24, 2022, 03:00:33 PM
Are you against crypto gambling or against KYC? There are platforms where you may gamble without KYC, there is always a choice. At the end it is just a currency and a service, if someone thinks it is worth it, why not to do it?

What's the use of using crypto to gamble on a KYC requestion platform ? One of the reasons for gambling with your crypto would be privacy. If I need to send them my ID and house bills that becomes pretty redundant.
Also crypto can appreciate in time and future profits are also lost.

Might as well gamble fiat if KYC is involved

I guess when your bankroll is huge (maybe over $10k or $100k?! Or even higher?!) you want some protection and you are ready for KYC or anything else that can/will help you if some problem appears!

What are you talking about ? KYC protects the platform and is required by legislators in most cases. What does the regular joe benefit from that ?

When it comes to us small-time gamblers avoiding KYC is probably some kind of rebellion, between everything else, we can pass it but the question is why do we need it? We like crypto because of the freedom it gives us... and some of us are not ready to abandon that freedom. Anyway, if you are a fair player you will be treated fair, with KYC or without.

You are contradicting yourself there mate. You either want freedom or kyc ? pick your poison already !

In the end you need to provide your personal information in life for anything that involves huge amount of money.
...
It's what happens when you become an adult, and we haven't to be afraid of that because we are not doing any illegal stuff.

satoshi would turn is his blockchain grave if he saw your post.
That narrative that if you don't have anything to hide than you should say everything is so overrated. People died or went to prison for life because they believed in free speech and privacy. Don't make all that be in vane.

it is absolutely OK to have a different opinion from what others consider normal concerning a matter, we should all learn to respect that.

You got complacent with the norm awfully fast !

I don't need to change your mind, do i Huh

If you don't want to change my mind or come with some insight on the matter than why the F did you reply ?
"I just called to say I don't have any opinions. It's up to you. " . WOW ! Shocked

I won't try to change your mind Xd but i will try explain why. the casino won't get an agreement from any company if they don't do they can have problems, because of money laundering especially with large amounts. If there's no KYC everyone will be able to deposit and withdraw no matter what his source of money came from. That's my opinion. Even i kniw it's bithering especially when you can deposit when as much as you can and then get asked to upload your documents in order to withdraw.
But can still also for a normal perosn to be a good thing if it offer more security and advantages passing kyc procedures

The part with money laundering I get. But again, kyc ONLY HELPS THE PLATFORM ! So they can prove to governing bodies that they did not take part, at least willingly, in any sort of money laundering activity. But for users is't just a p.i.t.a. Fail to see how am I more secure after sending ID copy. sorry.

If they have gaming license, they have no choice but to implement the AML/KYC protocols.
This is why if there is some suspicious amounts getting in, some of them may ask for proof of funds.
I believe, we can't avoid this to happen these days as crypto casinos are getting regulated by the government already.
For most non-licensed, they may not require KYC but for new ones, it is still hard to trust them especially if you have significant amount of money.
Now, it is on your own disposition whether you will play on licensed or non-licensed casinos. It is your own risk you are taking here.

Do you trust Electrum ? Do you trust Wasabi, at least before the update ?
Each of them have started like community projects and slowly gained all the trust they enjoy today. Trust is not something that can be bought with flashy ads or even a seal of approval from the gov. It takes time. Why cut corners ?

Anyway way, I believe it is also stupid to think that holding cryptocurrency enables us to have the special privilege of being exempted from government regulation.  Grin

Than go post on sec.financetalk.org

It because humans are difficult to control and will always want to extort a given system that is why kyc is implemented in gambling and other related Industries still kyc it is been abused by the regulators.

Well I'm not too fond of the control part. Is that wrong ? you yourself admitted that regulators abused their power.

Of course, we don't want to go to KYC procedure because it is against the basic tenent of crypto which is anonymity, but this is now the world we live in, regulators are coming in full force so it's either we adapt to survived or move. And so I guess others will have to follow to be able to stay in the world that we love to move now, which is crypto space.

This is what happens when we let the men in suits take all the decisions. Crypto was invented by the nerds from the shadows.
The planet should be big enough for all of us, suits or privacy seeking nerds.

There are many reasons users do not like KYC. Some users want to be anonymous to avoid things such as taxes. Some other reasons may include underage, gambling illegal in their area, or hacker using stolen funds.

I'm sure there are other legit reasons but none that I can think of.

I do want to make a point about gambling not available in certain areas though. I feel like it's our money, we should be able to use it however the fuck we want. Unfortunately, governents do not agree with that. They want their piece. I think if all sites were able to kyc their customers and send tax documents, then most countries would allow us to gamble.

So it's less about the protection of gamblers and mostly about the bottom line. What a shock ! Found a few words on the matter on https://casinohipster.com/casino-license-why-important/ so let's break them down:

Quote
As a player, do you need to be interested in the casino license?

In short: yes, you should. Whenever you sign up for an online casino, you are giving them your personal details. You do not want wrong parties to gain access to your name, date of birth and address.

You also want to be 100% sure that your payment information is handled safely and securely to prevent abuse. Not only do you want to be sure that deposits are processed correctly, but the same also goes for withdrawals.

Furthermore, it would help if you were assured that your complaint would be handled correctly whenever you have a complaint or issue with the casino.

The first point is my point exactly.
The second paragraph mentions payment info. With crypto payment transfers would not be a problem. With withdrawals maybe, but then we go back to the trust concept I mentioned above.
Complaints handled correctly: casinos have pretty good ToS in their favour so the phrase "the customer is always right" does not really apply.

if you avoid gambling casinos that required KYC I respect your decision because I know you have a valid reason.

 Wink

I like his way to get his message across, plain and simple with a picture attached to it, going back to the subject, its something that the casino should do so they can retain their license and not be targetted by the regulators

I do like a minimalist approach

Guys relax, the thread is involving sarcasm and to be honest it's already on the thread - it's an unpopular opinion . Just look at the bolded word.

Actually used the phrasing "unpopular opinion" because I knew most of the replies would be from users with casinos in the signature.

Because they don't have any problem if you deposit huge amount and they don't have any problem if you lose all that money. But, their problem starts when you win big amount, they will force you to complete kyc. Because they try their best to see if they can somehow walk away without giving that winning fund to the gambler. So you should deposit in a reputable casino, so that even if you complete kyc at least, your personal information will be safe. As a crypto user myself I try to avoid KYC. But unfortunately it is true that many times I am forced to complete kyc despite my reluctance.

Pretty much agree with you. The same kyc that is supposed to assure that your complaint would be handled correctly are also used to deny your winnings.

asking for KYC details => they get a gambling license => stricter protocol so your date is secure
I know a way to keep my data secure: keep it to myself !

I am not the op but my opinion is we should hate KYC as a bitcoin/crypto lover as the purpose of using bitcoin/crypto is to use it anonymously. But if we use to know your customer then there is no way to use the crypto/bitcoin anonymously. So, I personally dislike it. But you are right we have options too.

Can you name a few of those options ? Or were you referring to kyc and gamble or do not gamble then ?

I bet OP can't give one reputable casino that does not ask for KYC, reputation, and compliance go together, a casino cannot be reputable without compliance, I don't think people will patronize an establishment online or offline with being regulated or licensed especially if big money is involved, it is illegal to run a project online which ask people to deposit so if OP is naive not to play in a casino that asks for KYC it's his own choice and his choice is not only risky but very limited.

Let's just agree to disagree ! I'm glad you can sleep better filling kyc forms wherever you click.
"illegal to run a project online which ask people to deposit" sorry but imho that must be the weirdest thing a user named "coin-investor" can say. all I can say is MUCH WOW! SO KYC !

By "compliance" do you mean being licensed? If yes then I have to disagree with you. There are many licensed casinos which turned out to be scams and, at the same time, there are many trusted services which do not have a license. Having a license has its benefits but it has nothing to do with reputation and it doesn't guarantee you won't get scammed, imo.
it actually is stupid.. and whats more shocking is people actually prefer sites like stake.com which even asks proof of funds lmfao.. thats totally absurd

+1

using Cryptocurrency does not mean the person wants to be anonymous. believe it or not, many gamblers like the wide variety of gambling sites they can play on when using cryptocurrency.

maybe some fancy the anonymity benefits.
gamblers like there are many gambling sites ? what's your point ?

What? This is the first time I hear about this. Asking for proof of funds is even more stupid than asking for KYC. Do you have any source for this? Somehow I missed the thread where it happened. Who teh fuck do they think they are? The FBI?

Good morning sunshine !

There are some people abusing the current bonuses, rewards and etc. on the casino and that's why the casino ask for KYC to know that they are not a bot at the same time is they can't create another account to abuse the current rewarding system

I agree but why did that transform into a me problem ?
8  Economy / Gambling / Unpopular opinion about crypto gambling on: October 21, 2022, 07:19:11 PM
Why ? Just why ?

9  Alternate cryptocurrencies / Altcoin Discussion / Re: High profit strategy on: October 21, 2022, 04:21:52 PM
I mean yeah, sure... but you lost me at the "you need $235 million" part.

The fact that you can use loaned coins as collateral and mix in some stable coins so you can take advantage of sell/buy preasure is not a bad gamble. But it does require some hefty funds.  Grin

#TossACoinToYourWitcher

P.S. is thet your Twitter handle ?
10  Alternate cryptocurrencies / Altcoin Discussion / Re: Possible ETH Exploit in the wild ! on: October 20, 2022, 10:09:00 AM

There is something fishy here and not really sure it's arbitrage.

For the first tx you mentioned there were 43.0240199999999 ETH sent and 28.4800095603247 ETH used as fee. So the total is 71.5040295603247 ETH
For the second tx there were 4.0817743759999 ETH sent and 2.70156393471649 ETH used as fee. So the total is 6.78333831071639 ETH
Also in this tx there were 183.641931506 ETH sent and 121.563438794771 ETH used as fee. So the total is 305.205370300771 ETH



ETH sent|ETH fee|TOTAL|% sent from total|% fees from total|% fee from sent
4.0817743759999|2.70156393471649|6.78333831071639|60.173534%|39.826466%|66.186018%
43.0240199999999|28.4800095603247|71.5040295603247|60.170064%|39.829936%|66.195603%
183.641931506|121.563438794771|305.205370300771|60.169954%|39.830046%|66.195905%

The percentages are pretty similar, don't you agree ? And as we all know, coincidences do not exist !

11  Alternate cryptocurrencies / Altcoin Discussion / Possible ETH Exploit in the wild ! on: October 19, 2022, 06:11:06 PM
We've all heard of cases when a user pays too much gas fee, sometimes tens or even hundreds of ETH. Most of the times, at least in POW times, the miner would return the huge fee.

It seems that the trend did not die with the Merge.
https://cryptobriefing.com/suspected-ethereum-exploit-drains-wallet-of-121-eth-in-gas-fees/

Analysts seem to suggest an exploit of some sort.
The transaction in question is this one https://etherscan.io/tx/0x4a84d0872887f91546cd5400cf99763b654975efb3376ee55e4463bcfbca4e97 and they say there are more where this came from.

https://twitter.com/peckshield/status/1582756435955359744?t=Q-KyMcSnmAAFTnQl67WJLw&s=19

Hope it was some sort of user error, but pretty suspicios that this sort of error happened 25 times already.
12  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Sport betting smart contract on: October 12, 2022, 09:04:55 AM
I use NEAR.Casino and Betcrypt365, both of these have live sports betting and accept 0xMR tokens.

Thanks for mentioning those but from what I see they have mainly slots.
I was mostly interested in opinions about sport betting. Searched a bit more and found an interesting project: https://github.com/CryptoBets/Beth

Would you use a similar platform ?

I don't think you're not gonna find it.

The reason because "Sportbet" is always being targeted for abused and casino need to abused that. Since you're mention "smart-contract" mean that there is no single involved of human touch for the gambling activity.

Since, casino need to maintain and check every player/bet sportbet they cannot do that with smart-contract. Go check a problem from Sportbet with Casino/Slot gambling activity, most of the problem we can find is always sportbet comparing to regular gambling.

For English press 1 !

Was referring to a P2P type of platform, not players vs House kind of deal.
What are you blabbing about Sportbet ?
Legendary shitposters, pff !!!
13  Alternate cryptocurrencies / Service Discussion (Altcoins) / Sport betting smart contract on: October 10, 2022, 06:06:09 AM
Would like to ask if anyone tried any sort of p2p smart contract sport betting platform. The only similar one I could find is https://medium.com/@harsha_90164/blockchain-based-p2p-betting-dapp-with-chainlink-356bfee0aa6c

Would be interested to find out:
- if you used such a service
- how much would "NO KYC" matter to you ?
- did/would you feel confortable connecting with metamask to it ? or just send coins to a certain address that would belong to the bet you want to make
- how long would the withdraw period be for you to feel confortable with it
- would you use it if it did not have a nice looking UI
- would you use it if you only had 2-3 football matches per day where you can ONLY bet the result of 1 of them at a time ?
- do you think a total bet odd of 3 / 4 to 1 is enought to get you betting ?
14  Alternate cryptocurrencies / Altcoin Discussion / Re: Tornado Cash sanctions as the beginning of the end of privacy coins? on: October 03, 2022, 09:35:12 AM
The US government didn't "ban" the Tornado.Cash smart contract because that would be practically impossible to achieve (the ETH blockchain is decentralized, after all). What they did was sanction the mixer, causing centralized service providers to shut down its GitHub repository and frontend interface. Without the source code and a web GUI where you could easily access Tornado.Cash, adoption would be virtually non-existent. Only geeks and crypto veterans would still be able to use the mixer by interacting with smart contracts directly. What the US government did is a precedent of what's coming in the future.

That's what I meant. And besides taking down the web GUI the obligated all the CEX they could to block accounts connected to Tornado Cash transactions. That is indeed a precedent, and a very dangerous one. The future doesn't look to bright if it goes the same route.

I'm afraid the US and other countries will exert more pressure against mixers and privacy coins, as they move an inch closer to launching their own Central Bank Digital Currencies (CBDCs). After all, governments wouldn't want people using decentralized tech that would minimize their authority/sovereignty. It's possible privacy coins will stop being traded at centralized exchanges, while mixers will be outlawed for good. You'd still be able to use such services because of their decentralized and censorship-resistant design.

I doubt the US will issue CBDCs. That will truly show they lack of democracy and most important a transparency of money printing. Not so good for business.

But it wouldn't be worth the risk as you could face jail time or be required to pay a fine. It's a dark future ahead for crypto/Blockchain tech, so we should be prepared for the worst. Just my thoughts Grin

Very dark, pessimistic projection but I have to say I feel the same way. Land of the free my ass !

https://www.coindesk.com/layer2/2022/09/28/the-problem-tornado-cash-raises-about-base-layer-censorship-on-ethereum/
The Problem Tornado Cash Raises About Base Layer Censorship on Ethereum
Requiring validators and others to censor blocks would be an unwarranted expansion of sanctions law.

https://www.coindesk.com/layer2/2022/09/29/how-to-deal-with-tornado-cash-without-using-sanctions/
How to Stop Illegal Activity on Tornado Cash (Without Using Sanctions)
Rather than sanctioning code, U.S. authorities should have targeted the human intermediaries.

My point exactly ! Long live POS and it's endless capacity to be leveraged by authorities !
15  Alternate cryptocurrencies / Altcoin Discussion / Re: Tornado Cash sanctions as the beginning of the end of privacy coins? on: September 28, 2022, 01:59:34 PM
Privacy coins like Monero will be banned but privacy tokens like 0xMonero cannot be banned because they exist as assets on Ethereum and don't need to be traded on centralized exchanges.

But similar to tx from Tornado Cash, gov could force exchanges to orphan new ETH blocks that contain 0xMonero transactions. Since the grand majority of ETH mining nodes are on CEX it is not that far fetched.  Lips sealed
They banned a smart contract ! Newly mined blocks could be just around the corner

On the other hand Monero will live forever ! It's market value will suffer but the gov understood it cannot be stopped !
16  Alternate cryptocurrencies / Altcoin Discussion / Re: So the ETH merge has finally happened on: September 15, 2022, 10:42:37 PM
Seems just 2 addresses hold 46% of the PoS nodes https://finbold.com/only-2-addresses-control-46-of-all-ethereums-pos-nodes-for-processing-transactions-post-merge/

These 2 already mined 293 blocks since the merge

a trustless, decentralized database enjoying security enforced by the austere relentlessness of cryptography and a robust transaction system capable of sending value across the world without intermediaries.

So much for the decentralized part
17  Bitcoin / Development & Technical Discussion / Re: Stocked with homebrew script on: August 03, 2022, 09:00:23 AM
I didn't create any input window where i can enter my password
After you enter the command " sudo ..... " it took you to the next row and it said "password: "
You just type there the password (doh). No extra field, no input, no *** instead of characters. Just write it and hit enter. It will register it.  Wink

Have fun playing around with the console. Hard at first with no UI but you'll get the hang of it
18  Bitcoin / Development & Technical Discussion / Re: Stocked with homebrew script on: August 03, 2022, 08:15:14 AM
Mac is what i have. More like saying $sudo apt install "whatever" on linux and homebrew/bin/brew install "whatever" since i was denied access to sudo. This made me install brew manually

https://support.apple.com/en-gb/guide/terminal/apd5b0b6259-a7d4-4435-947d-0dff528912ba/mac#:~:text=To%20run%20commands%20with%20superuser,sudo%20stands%20for%20superuser%20do.&text=You're%20asked%20for%20the%20password%20of%20the%20current%20user.&text=You're%20asked%20to%20enter,is%20opened%20for%20that%20user.

When you add sudo you are asked for your mac user password. The one you use to open your macbook.

What do you want to do ? Install Bitcoin Core ? Might as well download the archive directly https://bitcoin.org/en/download
19  Bitcoin / Development & Technical Discussion / Re: Stocked with homebrew script on: August 03, 2022, 06:24:08 AM
I pulled the source through git. I will like to ask is $brew command line doing the same thing $ sudo does ? Because pip isn't install anything for me on my mac command ?

Brew is a packet manager. It does the same thing as apt does.
Do you have linux or mac ?
Apt is used on linux (apt install "whatever") and brew mostly on mac (brew install "whatever")
"sudo" is just a linux way to say "run as administrator" and it will ask for the password for your root account (master account when you installed linux)
20  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: metamask security on: July 20, 2022, 10:59:29 AM
Nothing can be stolen from you until you hit to get a transaction processed.

That is true, however some transactions that require signing are not 100% clear about what is going to happen once confirmed and require some further looking into to make sense of them. And with all the phishing attempts and all you might just sign a transaction that does not do what you think it should...

https://cointelegraph.com/news/ledger-cto-warns-crypto-users-about-the-dangers-of-blind-signing

https://www.bleepingcomputer.com/news/security/opensea-nft-platform-bugs-let-hackers-steal-crypto-wallets/
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!