So for a business to rip off a single person and then continue to be honest with the rest and continue running the business as usual, although not impossible, I think is quite unlikely and sounds quite weird.
Agreed, BUT it could be (not saying it is or is not) a case of selective scamming. We have seen that happen where you take care of 499 people perfectly and that last 1 out of the 500 you scam. It's 2 out of 1000 which can get you some decent funds because most of us will blame the user at that point since so many people are happy..... But, if a user is SO interested in protecting their privacy that they will not show anyone proof of what happened, it's tough to make that call since nobody else can verify. -Dave |
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From here: https://techcrunch.com/2023/12/12/bitcoin-atm-company-coin-cloud-got-hacked/“The data breach happened a while ago as Coin Cloud has been hacked multiple times in the past when they were still an operating company,” said Barnard. “I believe that data is just now being ransomed. It’s impossible to say [when] as there were little controls throughout the software development process and multiple international contractors had access to source code that contained secrets within it to access the [database],” Barnard said in an email. Could have been an inside job before they went bankrupt, could have been an inside job with one of the aquisations by someone who felt they did not get when they were entitlted to, could have been a hack. I have used BATMs a few times, never needed to give my SSN. Makes you wonder how much BTC / $ those people were moving through the machines that they needed that kind of KYC. For the most part a drivers license or similar is all that was asked for. -Dave |
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Except for the fact that you don't have 50BTC or any sort of access to that block it all sounds so legit.
Don't you have someplace else to troll.
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Can you control the channels or do they?
What does “control” mean? In Mutiny wallet, I can open channels only to their default lightning service provider Voltage. So all the sats I receive to Mutiny via LN comes through Voltage’s node. But I have some control over my channels. At least, I may close them unilaterally. (Actually, I haven’t tried, but there is such a button in the wallet interface.) I was asking if you can open to wherever you like. And if they could open / close channels on your behalf. In theory it's still self-custody but if they can have your wallet open channels to places that they want them opened to without you interacting it's different. Yes you control it, but you can only open channels to these 50 other nodes....all of which we control.... -Dave |
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Sincere ColdCard is one of the more expensive wallets that you can buy I would also think it is a shame if they would stop the support of the MK3 so quickly. In some European countries you are now even allowed to request a full refund if there are no software updates for at least 2 years after purchase.
That's interesting... IIRC, they had [probably still have] a strict no-refund policy for their products, so you're telling us there's a law that can overwrite the terms end-users agree to before purchasing the products? - I had no luck in finding anything on Google (can you point me in the right direction?).I'm guessing that if it comes to that if they put out even a minor release at the 731 day point after their last sale it covers the 2 years and they are clear. They had a good reputation and they blew it for some reason. Could be lack of resources, could be lack of caring, could be they know a lot of people don't care and will keep shelling out $150 to $200 every couple of years for a new HW wallet anyway. I used them, I supported them, I endorsed them, I stopped using them...... -Dave |
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Are big Gold countries actually selling right now?
... when golds easy to access at the citizen level.. it means the institutional level is not in a hoarding season when its available via vending machines instead of jewellers/collectors. they are literally trying to throw it at people like snacks https://www.walmart.com/browse/jewelry/gold-bars/3891_4718514_3708899_8655615(able to buy gold in walmart of all places, speaks for itself as to how open the market is) ... Your point is good BUT Walmart is not a good example, they are not selling gold on their site, but rather 3rd party vendors, and gold vending machines are more for bragging rights. ....
as for energy.. fuel costs are coming down to normal levels. which mean production, mining, and construction becomes reasonable again. because facts show the main costs of construction, production, mining is the energy cost. not labour
labour cost is more of a concern in the consumer market of retail
Don't know where in the world you are located, but in most parts energy prices are at some of their lowest point in years. Not getting there, not coming down, but there.
A lot of what you are seeing now in terms of energy prices are in locations where more infrastructure is being built, which is expensive, which will cause the price to the consumer to rise. Or where infrastructure has been neglected for decades and has to be repaired / replaced which is also expensive and will cause the price to the consumer to rise.
The other side is believe it or not there are more and more people who care less and less about the pricing so it's causing weird things to happen to the retail price of fuel / energy. I drive an EV that has free charging included (OK, I know it's not free it was buried in the price of the car by the manufacturer) but to me at this point I just plug in and charge. My neighbor has a PHEV, and has solar. So for him filling the battery is free (or close enough that it does not matter) and it uses so little gas that he just fills wherever. $2.00 a gallon or $4.00 a gallon. When you are burning 50 gallons a year at most, it's not worth the time to care about that. Offices are now using LEDs, and more efficient heat & cooling. And so on. Even when I had the Accord that got 40+MPG I cared about gas pricing. Before I went to full LED in the condo I was more careful to turn lights off. Now if I have every bulb on at once it's still less then 60W So prices are dropping, and on an individual level most people are using less energy. On the large scale more energy & fuel is being used, but there are now 8 billion people here in 2010 there were 7 billion. So that's going to be a larger part of it. -Dave |
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Smart investors have never really told anyone how much they have of anything.
Full stop.
BTC / crypto / stocks / bonds / property. Unless there is a need to know it, other people should not know it.
Not even for the risk that may or may not be involved, but for best practices.
Something changes and you want to liquidate something privately for whatever reason and later someone casually asks you what happened to that stock you had in DaveF inc?
When for whatever reason you didn't want that fully out there since you got a job working for Dr.Bitcoin_Strange Inc. who is a competitor of DaveF Inc.
And although it did not happen to me, yes the above did happen to someone who I have known for 30+ years and yes it caused an uncomfortable conversation with management when they found out that she was selling stock in the company that hired her while accumulating stock in the competition. All because of a small casual conversation at a party.
-Dave
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I'm bumping this thread as a reminder to myself to add to it in the near future.
This is IMO one of the few tokens out there that might have had a lot more potential if the game behind it was not so bad. When it 1st came out I remember taking a look at it and thinking 'this is lame' and never opened the game again. BUT there are a lot of people who play a lot of games that you and I might think are lame and we may play games that others think are lame. So with 7 billion people on the planet, it's not out of the realm of reason that a large enough number of people like the game enough to keep the price high. -Dave |
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I'm *guessing* that there are more people in this thread then are still working on the LBC shutdown. So it might just been they are taking care of one thing at a time in the order that it came in. And processing withdraws in the same way. Everything gets a set of eyes on it before it's processed since they have not been working on the site keeping it updated, there might be security things that have to be done by hand.
There have been other exchanges that when they shut moved to all manual processing for withdrawal requests that took a very long time to get done.
Since they did just not run in the middle of the night it's probably just a waiting game.
-Dave
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I understand why it's hyped but I don't understand why hype dies and then rises. What event or which person makes it hyped up?
It's hyped because people can make money hyping it. FuD plays a lot into it so a few people with some marketing and some Influencers who are getting paid push it, and the people who don't understand buy them. Which may also account for the fees, get them their ordinal or whatever in the next block. It costs them 0 to do it, just a bit less profit. So instead of making $1000 for something that cost them $0 they make $990. -Dave |
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Side note, but worth mentioning in the old days
command ?
command help
command [blank but needs some arguments to work]
all gave more or less the same help info.
Now as the OP has mentioned you get different levels of info. It's not just bitcoin but a lot of apps.
Not sure why this practice has become more common but it's happening.
-Dave
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I doubt the self-custodial nature of the Mutiny wallet.
Their website states that the wallet is self-custodial.
***image removed***
However, recently Mutiny introduced a fee of 1 satoshi for each incoming transfer. If I create an invoice for 1000 satoshis, and someone pays it and sends me 1000 satoshis, Mutiny somehow manages to take one satoshi for itself from the received amount, leaving me with 999.
In my opinion, such a maneuver wouldn't be possible with self-custodial storage. If a thousand satoshis are received via my invoice, no one should be able to withdraw anything from that thousand without my permission. Yet, Mutiny can. Therefore, the wallet developers have access to the bitcoins in it. Applying the term "self-custodial" to such a wallet, in my view, is incorrect.
Can you control the channels or do they? If all the BTC goes though their channels then yes they can. You have your channel(s) but they all go through theirs. It's a crappy way to do things and a logistical programming disaster but it can be done without them having access to your BTCIf you can connect to whatever peers and open channels to them then I do not see a way off the top of my head for them to take their fee. -Dave |
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If you do it on a full desktop system, mind the file permissions. 99% of the time there is no issue that 1% will drive you nuts.
And I know it's been said but I'll say it again, get a SSD
And, with all the disk I/O and everything else make sure the RPi is not throttling for either temperature because the CPU being hammered or power because of the constant pull from the drive.
-Dave
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My standard question always is why not use regtest 1st. https://developer.bitcoin.org/examples/testing.htmlAnd then once you have a working application that you can show us then we can discuss giving you testnet coins. Beyond that, either you probably don't know what you are doing or are looking to scam. Because .1 TBC is more then enough to take care of most testing. But, where there is money involved, people will want to get some of it for free, so we are stuck dealing with the scams. -Dave |
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Credit unions prioritize member well-being over profit maximization. Their fundamental distinction puts them apart from big banks, which prioritize profit over consumer protection and interests.
According to my financial ecosystem analysis, credit unions are more cautious investors and lenders. Their prudence has prevented high-risk activities that caused the crises you highlighted. Their non-profit status offers cheaper rates for members and less irresponsible speculating, which has brought down many a huge bank.
You support Bitcoin because you want alternatives to traditional banking vulnerabilities. Big banks' centralized control and profit-driven models cannot match Bitcoin's decentralized financial sovereignty. Consumer knowledge and frustration with the status system are driving the shift to credit unions and Bitcoin.
Credit unions IN THEORY should prioritize member well-being over profit maximization. However, they are still run by humans who do make mistakes, have prejudices towards certain investments and so on. With the standard YMMV this is just me and so on I find that the banking services attached to brokerages (Fidelity, etc.) are far better then credit unions and credit unions are far better then banks. The catch is you need to have money in stocks / bonds / whatever. So if you have a 401k or other portfolio you may be better off using the banking services from there then something else. But, as I started with, YMMV and this is not investment advice, etc. OTOH, the main advantage of a local credit union at least for me is the local part, I am not calling a call center someplace else in the world. It's close to me. I can't comment on the larger nationwide ones so it may be different depending on which one you use. -Dave |
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The problem is that mining is so centralised and not transparent. About 50-60 miners control 51% of the hash power, we also don't have a dashaboard, a tool to check the status of the network, and we have to rely on the intensive work of researchers. This is a serious lack of transparency. The government does not want to destroy Bitcoin, it is enough to control it.
Not even close, just because you like spitting out numbers that mean nothing. If you ever get off your chair and go to any of the large blockchain events you are going to meet a lot more then 50 to 60 people who control a few EH/s thought their companies. Hell even here you can see the % of some of the mining in the US and that is spread among dozens and dozens of companies. https://medium.com/foundry-digital/foundry-usa-pool-hashrate-by-state-f9dc92e7bc3bLearn how things work before spouting off about them. -Dave |
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Not 100% OT here but it does being up the point of development in different environments with different teams. From the developer of Zap Android https://github.com/michaelWuensch/BitBanana/blob/master/docs/REBRANDING.mdZap Android was just one implementation of the Zap family, which consists of Zap Android, Zap iOS and Zap Desktop. All three implementations are based on their own code base and are each developed and maintained by different developers. The features that these implementations offer are also not identical. Some are present in one, but not in the others. However, because all three implementations are known as Zap, users confuse information about one implementation with others. So when we think of something like automatic rebalancing of channels, we can have 3 people with the same 'wallet' called Zap that has the process done / implemented 3 different ways because one is on Android, one is on iOS and one is the desktop version. If it's all done in the background and works, it's great. If something goes wrong and people are trying to help, now and Android user trying to help an iOS user is getting frustrated because it's a different product with the same name. Up until I saw the message on my Zap for Android, I had no idea that it was not the same people working on the different versions. -Dave |
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1) Make sure you are on a fast connection.
2) Don't run it on a RPi, it's slow the extra time it takes to think about the block can cause you to loose it.
3) Don't use Wi-Fi, that slowdown while you were steaming Game Of Thrones to your iPad might cost you a block.
With the above being said, it's lottery mining, if you have a real mining farm, mine to a real pool.
For mucking about with an old S9 the odds of you finding a block are so small, that having another issue at the same time is negligible.
If you are running 25 S19 then it's a different story.
-Dave
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And again as I posted in another one of the OP FUD creators posts.
If you google search for any random text and then click on images you get a ton of images. Does not matter what you put in.
It's just the OP scammer click bait posting to get clicks.
Ignore it and move on.
-Dave
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