As others have mentioned this was already known and will be fixed long before there will be an issue. What is interesting is that it was done that way in the 1st place. It's not like this was not mentioned in a lot of other places long before BTC was even a thought by Satoshi. I know unlike the Y2K thing this is not getting attention in other places that should because even now 2038 is 15 years away and it will be the next programmers problem. But still.... https://www.reddit.com/r/mariadb/comments/lfm4fz/does_mariadb_have_any_plans_to_fix_the_2038/Anybody want to ask theymos what database server we are running on here? -Dave |
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I have seen this in some land based casino sports books too.
You can bet $1000
I can bet $1000
This guy can bet $1000
That guy over there can bet $50
Go to another casino and that guy over there can bet whatever he wants.
Sometimes it's because they won a lot but in odd ways, other times it's because some automated system tagged something that the programmers thought should not happen.
No different then when casinos back off or limit bet changes to certain BJ players who were not counting, but going with their gut and got more lucky then the odds show they should have.
-Dave
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I think we will see the same as we see with banks here in the US, there will be a few huge exchanges, a lot of large exchanges, a very large amount of mid-sized and a ton of small exchanges that nobody cares about unless you use them.
The large banks handle large businesses, smaller ones for smaller people and so on down to your local bank / Credit union.
Not to say a mega corp can't open an account / use a smaller place but it really does not help either of them. The smaller places may not be able to handle what they need. Same goes the other way, MegaBank will let me open an account with them, but I will not get the personalized service I get from some small local place.
There will be more regulations as time goes on, but once again for the exchanges, adapt or die.
-Dave
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There are a bunch of devices out there that will do something like that by power cycling incoming voltage: http://www.digital-loggers.com/lpc.htmlThere are a bunch of data center PDUs that can be hooked up to monitoring software that will check on multiple devices and do the same thing. What is nice about using the PDU / power line reboot is that you can use it to reboot just about any miner out there. Normally, I would say move this to the AltCoin mining section, but since the merge GPU mining has gone to shit, so perhaps changing the product to accommodate high voltage / amperage devices would be better. -Dave |
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IMO, the issue with testnet is that for 99% of the things you need to do you can do them with regtest coins.
I think it is the opposite, 99% of the things you need to do can be done on testnet very easily. The problem with regtest is that you have to run bitcoin core and then keep going back and forth between your application and core whereas if for example you want to test a wallet you developed, you can just claim some testnet coins from a faucet into that wallet and spend inside it without needing to download, verify, install, run bitcoin core, read documentation of how to use regtest, mine coins, import them into your wallet, and finally spend those coins to test things through a lot of mocks. I was thinking of things that talked to core. But, beyond that you can with a little bit of time and effort (as in a couple of hours at most) you can get 0.1 tBTC which as others have pointed out is more then enough to do just about anything since it is divisible down. If you need more, it just takes a bit more time and effort. If it's a 'real' project, then that just has to be part of it. But, I hit all the faucets I could google and wound up with .044 in about 45 minutes while also doing a few other things online. So if you need it it's there. -Dave *I will be returning it later today. Since I don't have a need for it. |
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IMO, the issue with testnet is that for 99% of the things you need to do you can do them with regtest coins. https://developer.bitcoin.org/examples/testing.htmlIf you are just doing testing you do it locally in regtest, and once you are sure whatever you are doing works you get a little bit of 'real testnet' coins and use those before deploying in the 'real world'. So, if you bork / loose / destroy wallets with regtest no big deal. For some reason a bunch of people are putting a lot of mining power into testnet mining and then there are others who insist on using testnet instead of regtest to do things when it's really not needed. One again, all IMO. -Dave |
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I think I am in a very small group that would like to see more negative feedback and less neutral. I really thing nobody reads the neutral.
Perhaps, it's just me but I have had some people who I told to take a look at this board come back and say "nope, it's a crapfest would rather be on r/CryptoCurrency/ or one of the discord discussions" Think about how bad we look when things like that are said.
I don't know if there really is a good solution, you want to have an open forum you have to put up with crap posters.
You start aggressively moderating people it annoys a lot of them.
Having users self patrol seems to work to a certain extent, but then you get what we have now which is people who don't like the way others are doing something and think their way is better.
-Dave
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Jack Dorsey sold Twitter to Elon Musk, but he is certainly not joking with Block hardware wallet, and they are already making bunch of their first prototypes in factory.
Device images are posted below and we know it will have type c connection, battery, fingerprint sensor or PIN, and NFC support.
They performed alpha testing with this devices and they send them to people to find all weaknesses and things that should be fixed and corrected.
Next they plan to release full electrical schematics and detailed design information, and they want to keep Block wallet with open source hardware.
Minor nitpick but the shareholders voted overwhelmingly to do it, Jack probably wanted it to go through so he could get more users for his new 'not twitter but still twitter': https://www.coindesk.com/web3/2022/10/20/jack-dorsey-backed-decentralized-social-network-bluesky-gets-30000-signups-in-48-hours/Back to this 2FA device. I think the biggest issue really is that. If it had been marketed as a 2FA thing with some other features we would have all been a lot more accepting of it then it being marketing as a hardware wallet. But, with the lack of privacy, multisig with their servers, and some other things it's not what most people consider a hardware wallet. <shrug> At this point, I don't think it matters, as I said above I use cashapp and fully recognize how privacy intrusive it is. There are so many people out there who don't know or don't care and don't want to know or care. This is the product for them. 1 Simple button and things are 'secure'. -Dave |
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Interesting and a bit more sophisticated then some other ways people have hijacked things for mining but ultimately you really have to wonder if the time and effort they are putting into this will came back to haunt them due to the size. This will force the authorities to get involved and so on.
As has been shown sooner or later large bot-nets are more likely going to get taken down hard and the operators found then smaller ones. Since they are also concentrating on big providers, they are more likely to have a good working relationship with the feds...
-Dave
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Post your eth address and I'll send you some. Looking at https://etherscan.io/gastracker fees should not be *that* much at the moment but they can spike up now and then. Have not seen it since ETH went PoS but you never know. Send whatever is left over back to 0x6a4Bc8a20517C587004EC7B7d396Cc8dF1A2c50C. Side note, always keep a bit of ETH in your wallet if you are going to be using USDT / USDC / whatever token. Will save you having to go through this again. Been there, done that.... Edit: Going to sleep, I'll check back tomorrow morning (EST) -Dave - |
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But if the vault could be detached from the heavy ATM machine (105kg or 156kg), there's possibly the thief could steal the banknotes along with the vault.
The word of the day is lead, or any other dense metal. In my limited knowledge I have seen the safe that holds the bills in some things have hundreds of pounds of lead bars on the bottom. By themselves they don't weigh that much, but 2 layers of them make it just about impossible to take it out without opening it and taking the bars out 1st. Unless you look like Lou Ferrigno in his prime. BTAMs, ATMs, vending machines, anything with cash is going to be a target. Operators of these machines just have to figure out the balance of security vs. making it more secure but having to deal with the obsticales that making it more secure creates. -Dave |
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If the mfgrs are so afraid of the inevitable warranty issues then activate one of the non-resetable flags inside the micro-controlers used to signal intentional operation outside of OEM boundaries so the OEM can check it and also grab a log of settings and take it from there with the user as yes warranty or no.
Lets start with: "I didn't do that, and the manufacturer is lying to get out of a repair" But, beyond that we already see that a lot of miner quality has gone to crap and they don't want to spend the time and effort and development money to do anything but get this generation out the door so they can start on the next. Also, and this is also probably a large part of it too, what we want is really not important, it's what the big mining operators want. We are an afterthought to generate a bit more money. If every active miner on bitcointalk bought 10 of the latest bitmain miner, they would have still sold less then Riot Blockchain bought...... -Dave |
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...The amount of provably burned bitcoin is quite low at 2,823 BTC.
The more interesting thing, that we will never know, is how much has been lost / burnt due to bad wallets and bad coding in general. Eliminating the malware wallets, there have been a lot of coins lost over the years, and a lot in the early days of BTC, just due to bad programming and people just playing around. Lets face it, when BTC was $0.50 and you were testing something and using the main chain instead of testnet, and you tried ten 1 BTC transactions before you figured out the issue. Do you go back and waste hours of time to try to retrieve $5.00 or did you just move on to the next thing. I have done that with some network equipment, yes I could have opened a ticket with the vendor and got something that was damaged due to a bad PoE situation replaced. But, the boards were under $30 each. Between the time to setup a RMA, and the cost to ship would have been a negative number to get them replaced at the time. FYI, since they are long since discontinued and still needed at times they sell for $7500+ on ebay now. But, back then I would have justifiably gotten yelled at for wasting time. Even if I had passed them to a minimum wage intern to deal with. -Dave |
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I noticed them yesterday, and reported both threads - one was deleted, and the moderator apparently liked the other and is still active for now. One would think that they have changed their modus operandi after so long, but they continue exactly where they left off.
It appears that both threads have now been deleted. I'm not sure, but it seems like the user has not been banned this time. Makes you wonder why. I keep saying it, but at some point allowing people like this back and allowing the dumpster fire that is the altcoins / tokens section and allowing a bunch of other disruptive users is going to drive more people away from here. I already know that there are users like myself that are using other places to talk BTC. Not because we don't want to be here, but because it's better there. -Dave |
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So they went public and people bought stock in a company that:
1) That is in a very competitive market.
2) Has a well known cyclical market
3) Needs a lot of power and is based in a state that has marginally enough power (how long were they down this summer when the TX grid could not keep up with demand)
4) Needs to spend constantly to keep up (new gear or loose the edge)
And with all of that they stilll bought in with what many people were calling the top of the market.
[yes we were all hoping for $100k BTC but still look at the cycles]
And now, surprise they are going to implode and take their investors money with them.
So good news, more cheap miners on the used market for the rest of us.
-Dave
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It is not possible for networks to "diverge to the point of no return" because they can always drop their divergent chain for the longest one. Sure, but the issue is that the chains might have diverged so much that to abandon the chain with less proof of work would mean reversing weeks or months or payments, wiping thousands of bitcoin completely out of existence due to lost block rewards, and completely invalidating every transaction which has one of these lost block rewards anywhere in its history. The combined chaos of all that happening might mean that the people using the minority chain deliberately make changes to their protocol to prevent their nodes from abandoning their chain in the event of communications being reestablished, leaving us with two networks running side by side. As I said before if the global internet suffered such an outage for such a long period of time we are going to be living in a MadMax / World War Z kind of scenario so at least for the few of us that are still alive it's not going to matter much. Interesting enough, in the event of a global internet outage big cities and suburbia will probably have a much better time of it then the middle of nowhere. With most of the large data centers in populated areas it would be easier for them to get access back to the people close to them, then someone living in the middle of a farm 200 miles from nowhere. -Dave |
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Quoting from the article you linked: Financial institutions aren’t actually seeking to fine their customers for ideas that the company objects to. They’re acting to protect their reputation, which is to say they’re acting to appease regulators who hold the key to an institution’s profitability and ability to conduct business. I bolded the text I really think matters. They don't give a crap about anything but making money. That is the objective of a services business, they don't make widgets or anything else so there is no way to generate more money by making more widgets. They move and hold money. The second there is work involved that regulators want, you need to pay people to do it. So make sure there as little as possible for regulators to want your people to do. Is it fair to all users? Nope Will they loose more business then they gain because of it? Possibly. Did the accountants & lawyers and everyone else say that doing it this way was the way to make more profit? Almost definitely. -Dave |
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