You can fund the seed phrase addresses generated without passphrase with little amount of bitcoin. Like $10.
I think this will be a mistake. Such coincidences are unlikely, and therefore the scoundrels will torture you to find out your passphrase. Paintings by the Artist Kandinsky are ideal for encrypting seed phrases.   |
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Thanks for your opinion, I wanted to show how it works in Excel without unnecessary scripts.
I agree that if you know what to look for, you can find a pattern, although this is very, very difficult if there are a lot of photos. But we will use the passphrase in Trezor, Ledger or other hardware wallets.
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color decoding1. We use any convenient service https://sanstv.ru/color#1ed82b 2 Convert to decimal 3. Add 0 4. Put the numbers in the correct order. I didn't change the order of the colors, but if you swap the colors, you will need to write them in the correct order according to your step, which you can remember. 5. Remove the first 2 digits 6. We get a sequence of numbers 141417021419067202161027060618531302116419490515 7. Divide the sequence into groups of 4 numbers 1414 1702 1419 0672 0216 1027 0606 1853 1302 1164 1949 0515 8. Remove 0 if it is in front 9. Find words in the BIP39 word list radar start rally fault brain leopard entry travel pencil multiply vicious doctor ______ I agree with the forum participants that this is not an ideal way to save a seed phrase, but this method has the possibility of being used in practice with other options, such as a passphrase. And secure storage should only be in digital format.
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Author of the idea https://twitter.com/EnteroPositivoConvert your BIP39 mnemonic to colors and viceversa https://enteropositivo.github.io/bip39colors/#biptocolorsLet's say you have a seed phrase, but I generated it on this service https://iancoleman.io/bip39/#englishradar start rally fault brain leopard entry travel pencil multiply vicious doctorI do not trust any services other than Excel. Don't do this in Google Sheets, I'm doing this as an example.
You can do this on any PC that is disconnected from the Internet1. Write our seed phrase in this order 2.Find word position in BIP39 word list: https://github.com/bitcoin/bips/blob/master/bip-0039/english.txt3.We need to get 4 digits. In lines with less than 4 digits, we add the required number of 0s at the beginning to make 4 digits 4.Combine all the digits into 1 large number and we get 48 digits.141417021419067202161027060618531302116419490515 5.Split this number into groups of 6 digits 141417 021419 067202 161027 060618 531302 116419 490515 6.A sequence number must be added to each group.You can use a different step, for example 00 01 02 03 04 05 06 07 or 00 02 04 06 08 10 12 14 or 00 03 09 .... and so on, but the main thing is not to forget this step. This is necessary when decoding and the important thing is that the colors do not need to be stored in a certain order, because the sequence number is encrypted in the color. I use 00 02 04 06 08 10 12 14 to make the colors as distinct as possible.  7.Next, convert the resulting 8-digit numbers to hexadecimal8.If we have a 5-digit value, then add 0 in front 8.Now finally, after a lot of work, you can add colors to your table. 9. To check, you can use a converter and check the result. Use the script on a computer that is not connected to the Internet.#022869 #1ED82B #3E0F82 #5E0283 #7AFECA #A0B1E6 #B8E1C3 #DD1B93 https://enteropositivo.github.io/bip39colors/#colorstobip39 compares phrase seed radar start rally fault brain leopard entry travel pencil multiply vicious doctor ___ I'm tired for today, if you're interested, I'll show you in the same format how to decipher colors in Excel. This is a very simple and safe way to store your seed phrase. You can add these colors to any painting and it won't be noticeable. |
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How is it possible for a computer algorithm in the USA to decide who is guilty and who is not?
it's called computer programming. if then statements. if tax liability is greater than x then send letter if higher than 50% of last years tax. once you get the bill in the mail you're guilty until proven innocent. someone said something about getting a lawyer and meeting with the irs in person. if you need to do all of that then youre definitely guilty and they know it!  What will you have tomorrow? Will a computer algorithm decide who the criminal is?
the computer algorithm figures out how much you stiffed them by and how much you owe. then it sends you a bill in the mail. you can try calling them on the phone to plead your case but they are kind of swamped with phone calls. In Russia, when a policeman wants to see what is in your pockets or see what you are carrying in the trunk of your car, he must draw up a report and call witnesses, but instead he will tell you: “Why do you need these extra procedures, you are not a criminal?” But if we talk about taxes, then in Russia there is the concept of “withdrawal of money from a bank account without acceptance.” If the tax office believes that this money in a citizen’s account is a tax, then why send a letter? They can take the money from the bank account themselves. And if you have been sent a letter with any demand, then you have the legal right to use legal assistance and write your objections to the tax authorities in another letter. Tax authorities make a lot of mistakes, but you don't have to condone their mistakes. ____ I have a good experience of winning tax cases in my country. Lawyers from the tax office are not interested in the results of the case, they don’t even delve into this matter, because it does not greatly affect the salary. In Russia there is a different philosophy: only the guilty person pays. An innocent person defends his rights, writes letters and complaints to supervisory authorities. Therefore, it is often beneficial for the tax authorities to close the case and look for another fool who will agree to pay:) |
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I think that in this process SEC has a great chance of winning the case in court and therefore the company will conclude a pre-trial agreement and pay a fine. I didn’t delve deeply into the essence of the matter, but it seems that the company sold NFTs instead of tokens on ICO.
And if the project is serious, then 6 million won't be a big deal for them.
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And who in your country makes tax returns for employees who receive a salary. In my country there is a concept of "tax agent". My employer performs this function and submits an income tax return for me and withholds tax from the salary, which he then transfers to the tax bank account. If every citizen did this on their own, but it is unprofitable to administer some taxes, because the costs for all actions will be more expensive than the tax itself.
Before, we all did it independently every year, we had to submit our tax returns by the specified date, but considering that the system has been digitized and networked, and everyone has insight into everything, everything goes automatically for most employees. Of course, there are certain categories of people who still have to fill out applications and go to tax offices, especially those who have other income. Let's take the example of signature campaigns that pay every week, if I wanted to legalize that income, I would have to go to the tax office every week and fill out the forms because every such income must be reported within a few days of receipt. ~snip~
This system is also not perfect, but it saves a lot of time and money for the government.
We will hardly find a system that is perfect, but I am sure that the authorities will always look for a way to collect as many taxes as possible. That's how they regulated sports betting and the lottery in my country, every win is automatically reduced by the amount of tax, and there is no way you can win something without paying tax. Your tax office is mocking you:) Tax for entrepreneurs in Russia either once a quarter or once a year, depending on the tax regime. Once a month, the employer transmits only reports on employees' salaries. If I want to legalize any income for 2023, then I must submit 1 tax return by the end of April 2024, where there will be the amount of income for the entire 2023, and pay 13% tax. But even this is done by a few, and if you need to declare every income within a week, then this is crazy. I am sure that you also find a way out of the situation, but if the law is idiotic, then why is it needed? |
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But if there are clear cut laws, then for sure NFT or projects are going to carry it out within the boundaries so that they won't violate any laws established. But for now, it seems that we are in the western type of era. SEC can swing at anyone they want, and then projects, some of them might be pulling out scams after scams.
I believe that is the key problem. No regulation certainty allows many things to happen, either abuse from the government or just scams running around with little to no incentive to stop them. Things like this should not last that long. I don't know why it takes so long for regulations to come out either, considering other countries already propose many bills to be approved. On the other hand, people need to improve their awareness so they don't have to rely on the law to avoid easy-to-spot scams like NFT airdrop, etc. CMIIW. Yes, there is no clear regulations and that's why projects are taking advantage of it, be it they are going to scam or not. So at the end of the day, it boils down as to how and what will be the regulations and when it will be promulgated by the SEC or any governing body for that matter. So for now, as I have said, it's free for all, but when crypto regulations are point into place by different countries, this scammers will have no way to steal money from crypto investors again. However, securities frauds and scams also happen in traditional finance. The only difference is the scammers in traditional finance are our rulers, the people who are fixing the game against you. They do not want the clowns like Arthur Hayes, CZ and Justin Sun to run the scams. They want to monopolize the scams and have all control and power over it. This is an old philosophy. Russian hackers even say that bankers are the worst criminals in the world, and they are not even tormented by their conscience for stealing from bankers. It is even considered fair. Like Robin Hood, who took from the rich and gave to the poor. |
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This means, that any incoming transfer to any crypto exchange or service in the UK will have its origin checked in accordance with AML/CFT rules? If this transportation is discovered to be in violation, the travel rule will be applied and the transportation will be blocked.
But what legal action will be taken in such a case? Will they just block the transfer without confiscating the crypto assets or will these transferred assets be confiscated?
Through the Travel Rule, any transferred crypto assets can simply be blocked on the grounds that they are in violation of the Travel Rule. Centralized exchanges have become a very dangerous place and I expect to see more centralized exchanges leaving for wallets and decentralized exchanges.
Exchanges have a compliance procedure for such operations. All operations will be blocked until the crypto exchange receives the necessary information, which will be documented. This gives exchanges even more grounds for blocking various operations, and the court will reject traders’ claims. Beware of crypto exchanges in the UK. |
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https://cryptonews.com/news/turkish-crypto-exchange-thodex-ceo-receives-11196-year-jail-term-for-fraud-and-money-laundering.htmГенеральный директор турецкой криптобиржи Thodex получил 11 196 лет тюремного заключения за мошенничество и отмывание денег. "Фарук Фатих Озер, основатель и бывший генеральный директор Thodex, известной турецкой криптовалютной биржи, был приговорен к 11 196 годам тюремного заключения за мошенничество и другие преступления. Thodex, когда-то считавшаяся одной из крупнейших криптовалютных бирж Турции, внезапно прекратила торговые операции в апреле 2021 года. В результате резкой остановки работы биржи более 400 000 пользователей оказались в финансовом кризисе, поскольку их средства стали недоступны. Озер, который возглавлял биржу до ее краха, загадочным образом исчез, предположительно сбежав из страны в Албанию. Это побудило турецкие власти к быстрым действиям. По первоначальным сообщениям, в ходе первоначального расследования деятельности биржи были задержаны 62 человека. В то время как первоначальная оценка прокурора в апреле 2022 года оценивала общие убытки примерно в 24 миллиона долларов, аналитическая компания Chainaанализ, занимающаяся блокчейном, нарисовала гораздо более серьезную картину, оценив потери в ошеломляющие 2,52 миллиарда долларов. Эта цифра представляет собой ошеломляющие 90% от общей стоимости, потерянной во всем мире из-за аналогичных мошеннических схем в 2021 году." ___ Финикийцы украли до 4 миллиардов долларов, а больше 10 лет не получат. https://forklog.com/news/piramida-finiko-priostanovila-vyplaty-i-potrebovala-personalnye-dannye-polzovatelej
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Я знаю ответ, но моя скромность не позволяет говорить такое вслух. Твоя скромность заставляет даже такого меня скромнягу чувствовать, что я выпендриваюсь! |
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As the title says, do you think Coinbase will launch its own coin/token for the Base network? If not, why? Considering that Coinbase is one of the world's largest crypto exchanges, it could directly compete with Binance's own Blockchain network dubbed "Binance Chain" (with BNB as its native token). The momentum is building for the Base chain, especially when it has the backing of the Optimism Foundation. If Coinbase doesn't launch its own token, it could lose the ability to collect fees from the network and profit from it. Maybe the reason for this is because they're afraid that the SEC might accuse them of launching an "unregistered security"? It would be nice to have an airdrop where early adopters of the platform get rewarded for testing it. What are your thoughts? Your input will be greatly appreciated. Thanks. It seems that Coinbase does not plan to release its token in the Base ecosystem, because the exchange already has many problems with regulators. They talked about it openly, but the situation is changing, and if this is useful, then perhaps they will change their minds and do everything in accordance with the law that should appear. And now the exchange is in first place in the USA, after Binance started having problems and other exchanges left the country. |
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That's great, it's always better when you can withdraw your crypto directly from your wallet. OWNR wallet added this feature months ago, I've been always using this wallet.
After using such a service, you will immediately de-anonymize your metamask wallet. Not everything that is convenient is good for you. For example, to exchange, I first exchange one cryptocurrency for USDT, and then exchange USDT for cash in my country. And a similar service is available on all major crypto exchanges. |
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Ever since ETH adopted PoS, things have been going into the wrong direction. The network is as centralized as ever with a few big players controlling a large portion of ETH's supply. On top of that, the vast majority of nodes are running on top of Amazon Web Services (AWS). If developers don't do anything about this, ETH will become as bad as XRP in the future. My biggest concern is not only this, but also Ethereum creator Vitalik Buterin. The project is too tied around him. So if he dies (God forbid) or something bad happens to him, you expect ETH's market prices to go all the way down the drain in an instant. It's likely ETH will become worthless after this. What do you think? Is the endgame for ETH approaching? Will it be possible for ETH to become decentralized again? Or is it already too late? Your input will be greatly appreciated. Thank you. If Amazon Web Services goes down, other validators will make more money. Vitalik Buterin has already spoken on this topic, and now they are developing a solution so that the node can be run on a smartphone and will improve decentralization. There are many interests of large financial companies in Ethereum, and Vitalik’s departure does not threaten the ecosystem with collapse. |
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Do you disagree with the fact that the SEC does not want capital flowing from the dollar to cryptocurrencies or with the second proposal?
With the second, as you had said this before: I have always had an alternative opinion about the rise of Bitcoin and I believe that this asset was manipulated for a long time by certain people who mined it in the early years and bought it cheap.
I have argued that I don't think it is correct in my previous post. The thing about the SEC not wanting a lot of money to go into cryptocurrencies seems more plausible to me but I don't have enough elements of judgment to pronounce with certainty. The SEC has its own game, but don’t you see that they are drowning some projects and not touching others at all, for example Ethereum? The head of the SEC doesn't even want to talk about it Well, if you don’t believe that the price of Bitcoin is being manipulated, then look at the price charts, when the price per day falls very much or rises for no reason. That is, the main reason is to cut the hamsters who trade with their shoulders. |
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So for now, as I have said, it's free for all, but when crypto regulations are point into place by different countries, this scammers will have no way to steal money from crypto investors again.
Fraudsters will find a way to deceive an illiterate person, so the only way to lose money from the actions of scammers is to constantly improve your literacy and work with proven services. It is better to make a deal and not get extra 2% than to lose the entire deposit.And a fool always loses a coin. |
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There are bitcoin ETFs in Europe and Canada, and they are not very popular. Many experts say that the spot Bitcoin ETF will be accepted in the US, but the prices in the market are recouping these events earlier.
Bitcoin has a chance to cost even $ 100,000, but manipulators will not do it instantly, and on pumps and dumps they will take a lot of money from hamsters.
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~snip~
I think that the exchange should become a tax agent and withhold traders' taxes and send data to the tax office. Then it will save a lot of time.
It would be the simplest for clients because they would not have to do absolutely anything when it comes to paying taxes (of course not in the case that CEX only sends data but automatically charges tax), but again the question arises why CEX would take on that part of the work when there are competent services for that. In addition, how to collect tax from clients from different countries, say within the EU, who use the same CEX, but have different tax rates? And who in your country makes tax returns for employees who receive a salary. In my country there is a concept of "tax agent". My employer performs this function and submits an income tax return for me and withholds tax from the salary, which he then transfers to the tax bank account. If every citizen did this on their own, but it is unprofitable to administer some taxes, because the costs for all actions will be more expensive than the tax itself. But it’s easier to work with a salary, because it is paid several times a month, but how to check traders who have thousands of transactions on crypto exchanges? And if the trader does not agree with the decision of the tax inspector and goes to court? What if a thousand traders go to court? The system collapsed. On the exchange, traders go through the KYC procedure and the exchange can withhold tax depending on the citizenship of the trader. This system is also not perfect, but it saves a lot of time and money for the government. |
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https://twitter.com/paoloardoino/status/1698943028541419795"While @Tether_to reached 72.5B exposure in US t-bills, being top 22 buyer globally, above United Arab Emirates, Mexico, Australia, Spain, ... $USDt is the most used stablecoin in the world, with a huge focus on emerging markets. For many of these communities USDt is a lifeline to protect themselves and their families from the insane inflation of their national currencies." https://twitter.com/WallStreetSilv/status/1698593300410708011"China's ownership of US Treasury debt is down almost $481B from peak levels. The rate of selling is accelerating. For many years the experts always doubted that China would dump our debt because of the impact on their own economy and currency. You can see how the line is steepening. China is getting out of US debt and buying Gold instead." 
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