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Not your keys not your coins. Give your API keys out and loose your coins. Seems about right.
But, it's yet another reason not to keep your funds on an exchange. And if for some reason you have to then never ever give anyone else access to it.
API keys sounds so technical and nice. Give us your username & password and use our phone number for your SMS 2FA just does not sound as good and technical.
-Dave
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Just wondering what the cost is in other places.
Online pricing is wrong, the 2 banks I checked still show 2021 (2020?) pricing.
I prefer not to disclose my exact location, but somewhere in the MENA region, the annual costs are in the range of $150 - $800 [depending on its size].
I managed to find a list from a " blog post" that has been recently updated, so I expect at least some of them are accurate [IIRC, you were residing in the US, so hopefully it comes in handy]. The answer really seems to be 'it varies from location to location' even within the same bank. MY branch that rate-jacked me actually referred me to another branch of the same bank about 5 miles away for LESS then I was paying in 2022. Yeah, go figure. After I finished looking at the person I was talking to like they just popped out another head. They actually explained that they use market pricing in some areas and the branch I was sitting in was considered prime space since there are lots of homes / condos / apartments in the area. But, the one 5 miles east was in a mainly commercial area so they didn't have a lot of people who wanted boxes there. Which does have some kind of logic in the fact that you would want something like that closer to home then work. But....the price difference was insane. So yeah, from $99/yr to $219/yr keeping it where is was to $89 in the other branch. Thanks for all the suggestions. -Dave |
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Speculation (a.k.a. gambling) will never die.
Humans always think they are smarter and know better then the other guy and will try to profit from that.
Will people actually make money and be able to continue doing it is another question. But, it does not matter even if they all loose, that means others won and there will be the next group of people to speculate (a.k.a gamble) on BTC
You could probably make a case that there are people speculating on toothpaste futures.....
-Dave
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If I was to do it myself, how would I do this? Bulk buy Bitcoin on decentralised exchanges and dole that out?
More or less yes. But, remember at that point you are going to be fully responsible for all your funds. If you buy 2 BTC today @ $16500 and it drops to $15500 you are either going to be selling to people at a loss or not selling waiting for the market to go back up. Do you have the funds to wait? There are a bunch of non KYC, P2P exchanges that are out there so you are going to have to compete with them also. Can you work on margins that thin? -Dave |
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Unless I am misreading what they say people have until the end of January to withdraw. 35 days is really not a lot of time, 60 to 90 days would be a lot more reasonable. There are people who do not spend a lot of time dealing with their crypto, despite what those of us here do. Vacations / traveling and so on, people are busy. I can see some people not paying attention and then having to go through hoops to get their money back. Yeah, not you keys not your coins, I keep saying that but still people are people and they keep funds on exchanges. -Dave |
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Looking at the last days worth of blocks you also have to think about the fee amount that people are willing to pay.
There are still a significant number of transactions paying 100+ sat /vb when 1 sat / vb will get you into the next block.
As BTC gets more popular and widely used I don't see that changing, and if anything it's going happen more and more.
So, in the end the regular fees will probably top block rewards sooner then we seem to be talking about here.
Still 20+ years away.
-Dave
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Just about any payment method other then handing cash to someone has a reversal risk.
So, even if they fund with a debit card 6 weeks later the funds can be pulled back. So, now you have to acquire the BTC and sit on it until you are sure the funds clear.
How are you going to handle the KYC? There are a ton of places that will do it for you for a fee. But now they have access to your site / API calls so you are at risk that way.
And so on.
-Dave
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If anyone else wants to verify please do, *I* can't see an issue, but if Hetzner messed up some routing or peering setting my node sitting on cable may be fine but someones on a different service may not be able to route to them.
-Dave
I believe it was this. After communicating with those who had reported their shutdown, all of them are back online a day or two later. Did they ever comment on it? Usually providers will at least make some sort of comment somewhere when they have an issue like that. Otherwise rumors start to build. Does not even have to be their fault, a blown route in one of their peering partners can be a pain to trace out. Dave on cable can get to them but Dave on FiOS can't. Do you blame FiOS or the people that FiOS themselves are connected to. And so on. For all it does BGP routing is simple when it works, tracking down odd issues can take a while. -Dave |
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No, not in any meaningful way. There are a lot of people here against them, but out there in the 'real world' they are just too easy and popular to use.
People want the magical internet money to just appear, they don't know and they don't want to know or care. So if they have to put in effort to make it work they will push back.
With the push back the people who know better can only go so far after that it's just talking to the wall.
So, the more knowledgeable people will try to educate people about not using them, but they are just too popular and any real effort to boycott them will just fail.
Once again, all the above in my opinion. I hope I am wrong, but I doubt it.
-Dave
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Probably deserves it's own post but a large part of things like this happening is 'tomorrow' As in "I have to take care of that, I should have some time tomorrow." And you don't get to it, and it's the next day and the next day and so on.
So you have a little to much in a hot wallet, you have to move it to cold storage. You take care of it tomorrow.....
You have funds on an exchange you want to pull them off, you are a little busy today no big deal you can take care of it tomorrow.....
Had one of your devices with the 2FA die, no big deal, just have to go get another cheap phone to throw on the authentication app, I'll pick one up tomorrow.....
Not what happened to the OP, but I can see this happening to any of us, even those who know better.
Have a hardware wallet, made a copy of the seed on a titanium plate and it's in a secure place. Good. Want to make a backup of it and put it in a vault. I'll take care of it tomorrow.....
-Dave
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IIRC certain commands will not work when you are still syncing the blockchain. Core will just spit back a message about what it is doing not the information you requested.
Also keep in mind when editing the ini file after saving you have to stop and restart core it does not pick up changes.
And (this is just good programming) keep a log of changes you made and why.
-Dave
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Did you get any time in the saddle at all?
You are still active and posting so you didn't drive yourself full speed into a brick wall again.
I still have not heard, but since it's been in the single digit / mid teens in terms of temperature here (supposed to get up to freezing tomorrow) not a big deal.
-Dave
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Some thoughts: From your T&C CoinPayCard reserves the right to modify or terminate the service at any time, without notice. Seriously? You more or less said that at any time you can take the money and run. You have coinpaycard.com in some parts of your site and .net on other. https://coinpaycard.net/support goes nowhere. No physical address / business information given. You are going to have to address these issues or nobody is going to want to risk sending you any money. Also with the base of $99 / year 4% + $1.50 for cards you can go to a place like egifter.com and get $100 vanilla visa cads for $105.95 and come out at about the same place in terms of price. You should look into getting that lower. I know a gift card is different then a debit card, but you still have to look at the out of pocket cost to people. -Dave |
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More or less yes. They will do as much or little as you need. BUT and this is a serious BUT you need to have real financing to deal with them. They want to deal with the Strikes not the small guy. They want all your financials to the beginning of time and so on. Think of them as a really large commercial bank except instead of dealing with cash they are dealing with crypto.
Not a bad thing if you are running a good MSB and want to expand, but for small players they are not interested*
*The not interested is from a while ago when a customer of a customer wanted to do some business with them and they more or less said if you are not spending $1000s with them a month then go away.....
-Dave
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You, and all manufacturers need to make low power - low noise miners.
Home mining is dead due to the noise level and power requirements. Which means hobby miners, tinkerers are forced to either get used miners and pull boards / do other things or do the same but with new miners and waste money since they can't run them at full speed.
But 35T 1000W at the $1000 price point and you would probably sell out. From discussions with a lot of people who are running old miners with 1 or 2 boards would happily buy something newer and more efficient and QUIET with a warranty.
Someone who is dumping $100s of thousands of dollars in his farm is not your target for these.
It's just the small home people.
And with ETH going PoS there are probably a lot of people out there who would get them since they are no longer running their GPU rigs.
-Dave
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Need a bit more specific location info.
There are some options depending on exactly where you are. Even here things that work in the US will not work in Canada.
Some cards are just so local that they are not discussed here much. A great option may be specific to say New Zealand, which although good if you happen to live there means absolutely nothing for the rest of the world, other then the oh, what a good option for people who live there.
-Dave
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It seems the @OP is getting off the track, first he accused @topman21 and @Rigon, the proof is quite reasonable to say they're connecting each other and trying to cheat the campaign. But after @Popkon6 making some noise, the @OP trying to link his account with @topman21 and @Rigon, he also link with @Shaha98, @Holiday5 and @tomos81 because they have a connection of getting a lot merit of this circle. However @theymos already state this. If a DT member tags you for something stupid involving merit (ie. probably anything less than selling merit), then they're not going to be a DT member for much longer. It's make this connection is full of assumption rather than a correct evidence, so I wouldn't leave negative tag to those accounts. Merit circles / loops are a tough judgement call. The problem is not just with the circle of merits when they happen, it's when they happen in posts that in someones opinion don't warrant the merits. Some of the merits that went around were on posts that seem to be in the OPs opinion not merit worthy [I don't think they are either] You then get back to the issue of is someone sending merit back to someone else since they got merit from them and felt obligated. In theory it should not matter but in reality humans are kind of hard wired to do this. BUT, when 1 or 2 of the accounts seem to not be legit it taints the view of people looking at them and what they did and they only at that point see the worst view of their actions. So, it's not just the merit it's the entire way everything looks for these accounts. -Dave |
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Shocking....wait no it's not.
I wonder how many of the exchanges that don't ask for any sort of info other then an email address have tons of money flowing through them that came from questionable sources.
bitmover is correct in the fact that these numbers are a fraction of the total world drug trade.
BUT, these cartels are not nice people. They kill and hurt a lot of people. Not fighting them is not an option. Not sure if there is a good answer to dealing with the, just a bunch of less bad options.
-Dave
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