I know some people took this news with anger and hoped for Ross to rot in prison. I do not support many things Trump is doing or has done in the past. But I can not deny it. To me, this is great news. Ross is FINALLY free! He is finally NOT going to be stamped by the State as an example for everybody else who wants to be Anonymous or to run away from all the dirty things Governments do. I can not imagine how it feels finally being behind the fence of a prison you knew very well you would spend your last breating minutes in. ----- Probably a lot of people think that Ross was a person who did something for BTC, but is there anything positive in the fact that he enabled people to anonymously sell drugs, weapons and carry out various other illegal activities? Maybe the life sentence was excessive, but I think he deserved every day he spent in prison.
This sounds kind of selfish, in a lack of a better word to describe it. You 'enabled' the sale of drugs, weapons and various other illegal activities by actively promoting Mixers instead of actively promoting and supporting Centralized Exchanges with clear filters for incoming UTXOs that help block funds of criminals. How about that? Being the one who has a free mind and wants to invent a completely free Market is not the same as having a criminal mind and wanting to sell drugs, weapons and do Money Laundering. As I am sure was also your case, where I presume you only wanted to promote a way for people to further improve their Privacy while using Bitcoin. Other people had a criminal mind and used or promoted Mixers for illegal purposes. As is the case for most things that are less controlled. It used to be the case for Telegram and still is for the most part, it still is the case with Tor and small communities of ill minded people actively browsing Onion websites with content they should not be browsing, owning, uploading or distributing. Also, whether Trump is good or bad has nothing to do with who is Ulbricht and what he has done or the kind of person he is. Does it make you a criminal if Trump states tomorrow that 'Lucius, the Bitcoin forum guy, is a really cool dude'? It also does not mean that if somebody did 100 bad things, they cancel the 1 good thing they have done. In my sole opinion and based on my knowledge on this case, Ross Ulbricht did not deserve his sentence. Trump may have used this pardon to cause more hype for Bitcoin, for the scammy TRUMP Token, for who ever knows what. It is however healthy to judge Trump or Putin and Ulbricht separately, particularly considering there is no evidence of having any links and particularly considering the case of Ross has many caveats and unanswered questions. And many of these questions are about the way the case has been handled.
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They don't have to be open source. You have to read a bit more about provable fairness and you will understand that there's a good way for casinos to prove that results are pre -determined and therefore not based on your waggers. In the long run this also proved the fairness of results as it can be shown that it is random.
Agreed! Casinos do not need to be Open Source, there is no need for that in my opinion. Particularly if Fiat is a Currency they accept for deposits and withdrawals. The only necessary thing is provable fairness. As long as that is available for the customers, it does not help any of us with anything whether the Casino is Open Source or not. But I swear there were a few Open Source Casinos out there years ago? They were running on some random Ethereum Tokens even, unless my mind is playing games on me. Were there not?
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Why people fall for this scam is not necessarily because of ignorance. I have this feelings that the scammers talk with them and win their trust in trying to help them secure their funds. So, when you get to trust some random online guys, there are very high chances that you would be scammed.
If not ignorance, then it is stupidity. People used to be WAY more cautious about their finances and Privacy. Look at the traditional elderly and how they still respect it. Most of them barely ever mention a thing about their savings or investments if there are any. We are becoming way too open to strangers and it is a little bit sinister. Everybody and their mommy openly talks about how much Money they are holding on to, whether they are doing good or bad with their Bitcoin investments et cetera. Opening up to a complete stranger whose face, physical location, voice or personality you have no clue about is simply asking for danger.
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All of these "meme" coins are based in pure luck. It's hard to turn a profit when everybody is already buying the coin in mass. I'm afraid the $TRUMP "meme" coin hype will end fast, as people move on to the next big thing.
Gambling. Purchase the hype, hold on to it, hope it does not end before you are out, dump your hype onto others while you can and watch their lives burn away and get wrecked. This is why I have little respect to most of these Shit Coins. What people are doing is exactly this. Buy, hope, dump, watch. In my eyes, it looks almost like being the complice to a Crime. Sure, one may argue that Bitcoin works the same way. And all other Assets used as Investments. Correct. But if I dump my Bitcoin onto somebody else who thinks it is in fact the right time to buy, they will still be able to do something with Bitcoin besides selling it. The TRUMP Token is useless. It is just like a Scam.
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You know things are bad when a meme that lived for a day or two would be able to flip PEPE in one swift moment. And I don't think we are done with these tokens yet - there are lots of other family members to get FOMO'ed and burnt.
There are enough people to be fooled. He earned their Trust and now he is screwing them up. Classic politics lesson for us all. And only when a lot of people finally had a little spark of hope that something better is coming up with his Presidency. Here goes nothing. It was kind of obvious from the start. When a politician is cunningly friendly and benevolent, I always have my questions and suspicions.
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If they were long enough here, they would understand that much, muchhh more lies besides that in Bitcoin especially. And I hope that would be the case in the future.
I doubt it. I agree with you, the human brain is easily bribed or baited through Money. Bitcoin is special in itself, but I agree that Money will continue to drive their interest in Bitcoin. They will only find out its real valuable features when shit hits the fan. Until then, they will be blind to all the other good things Bitcoin can do. ----- By itself, BTC is as stable as it can be. 1 BTC = 1 BTC, right? If only the world moved to Bitcoin as a standard unit of account (measuring value in satoshis instead of USD, EUR, etc.), things would've been different by now.
This is in my opinion very far fetched and almost impossible. That is unless Fiat becomes so devalued that Bitcoin can be the only thing to possibly save the Economy. And we are slowly getting there. The debts, the devaluation of many Fiat Currencies, the harsh conditions of the Economy. We are almost there. But even in the worst case, I really doubt the world would move to counting monetary in Bitcoin as a standard.
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During bullish season, people will think they're smart because they can make money in Bitcoin.
I don't think that's really the beauty of Bitcoin, for me the beauty of Bitcoin is the combination of security, decentralization, pseudonymous and intangible.
I also wish Monetary value was not the main beauty of Bitcoin for most people. There is so much more potential and advantage it offers and people do not see it. The Price is all they care about, completely not realizing how simple it is that they are transferring Bitcoin and receiving it with out the input of a Third Party and ignoring the actual level of simplicity in how Bitcoin works. It is fun to make Money but it is a good thing to at least look at the real value of Bitcoin every now and then. That is when you realize how much potential it still has.
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You will most likely not hear about such winners anyway. Winning a jackpot typically changes lives so fast they will not even have the chance to tell about their wins. It is understandable too. There are jackpot winners. Just like there are lotto winners. But obviously you have to be VERY lucky to win either of them and most of these people do not voice out their excitement for having won what millions of other people could not. It is possible to earn it but it is not a healthy thing to expect it. You may or may not be the one.
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This isn't a sophisticated scam. It's so obvious that it's both mind-boggling and funny when somebody falls for it. But people fall for it, newbies especially. But considering that they're already into self-custody and metal backups, they're supposed to be more advanced.
It is always the same blue print Scam. Something very silly, combined with a mixture of bad grammar and nonsense wording. But the Scam you posted in that image is sinister if you think about it. The Etsy customers who tried purchasing that physical storage ordered a delivery, correct? This means the victims turned in not only their Seed but their real information AND physical location too. This could turn into a VERY sinister event. But just like all the time, I wonder how in the world does this even happen. Seriously, HOW! How does somebody trust a COMPLETE STRANGER to help them out with securing their Wealth. And they are not even a Bank or at least a more reliable company running the operation!
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$TRUMP Flash crashed -55% as soon as Melania announced her memecoin. This is going to end up very badly. I'm not sure who are the crypto advisors, but they need to be fired. Who thought its a good idea for POTUS and his wife to launch a memecoin? I can't believe this is real.
They are most likely people who are moving incredible amounts of thin-air-produced Wealth from one Meme Coin to another. Was it not a flash crash immediately after Trump re tweeted what Melania had posted? It is probably thousands of people with a few thousand Dollars each on average hoping the bounce from one to another will make them Rich as hell. I am just as afraid this will end up extremely badly. This is probably one of the biggest Scams in the history of Cryptocurrencies we are witnessing. It almost looks like everybody and their mommas running as fast as they can toward disaster. Incredible. And I am afraid this is only the beginning of a train of fresh Meme Coins that will ruin the lives of a TON of people.
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Crazy week in crypto, right? First, we’ve got $TRUMP coin coming out of nowhere and blowing up the market. Love it or hate it, you can’t ignore the numbers in hours and pushing toward an $40 billion market cap as of my time of writing this. Meme coin vibes, but it’s on Solana, which is having its own moment.
Do not get too hyped. This 'Billions out of no where' has a potential to kill the Markets entirely. To think a Meme Coin with ZERO real value created this much Wealth out of thin air is crazy and eerie. With Melania Token and most likely many others coming out of the Trump family or Administration, this has a potential to destroy the Market and its credibility. Which was fragile enough already before the arrival of Trump, I imagine how 4 years of this may look. And worst of all. A lot of people thought a pro Cryptocurrency Administration will bring a lot of good things to the table. And I understand why, Trump had so many promises and showed so much love for Cryptocurrencies that a lot of people ended up thinking it will be an amazing time for us all. But if this is how it started, I do not want to know how it ends.
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More people gamble for Money than we think. Just look at what happened to the Trump and Melania Tokens. People are gambling their Money to try and earn more of it. Now look how many there are!
Very, VERY few people I know of who gamble do it for stress relief or entertainment purposes. I truly believe in my experience it is an average of 8 to 9 people out of 10 who gamble to earn more. It is a combination of adrenaline and potential for winnings. Nothing more.
You need to be very strong mentally to do this only out of fun. In fact. I believe the voting options are not well thought. People who gamble out of stress and to solve their problems may do this because they know more Money will solve their problems, which still counts as gambling for more Money.
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The thing is that no one knew the price will go this high. If they did I'm sure they would not reject the offer.
You have to put things in context, at that time BTC was not so widely accepted and known. If the seller needed money for some immediate needs it would be complicated for him to use BTC, specially if he is older person. I had a chance to buy Bitcoin too, I could even use the faucets and get some for free. But I rejected it as too complicated and as a waste of time. It was my mistake as I did not noticed potential at the time. Same goes for apartment seller, if he knew the potential, he would accept the offer.
2015 was one of the first few times Bitcoin was thought to be dying badly. And for a good reason this time, it had dropped significantly enough for most of the holders to think it was a possibility then to happen. But these kind of stories are naive in my opinion and make no sense. If we think about this offer of purchasing 50 thousand Bitcoin by selling their house, then it would have made more sense for the guy to sell his apartment for as much as he thought its value was and then purchase more Bitcoin. As said in OP, the offer was a lowball by around a Million Dollars. In your situation, the same thing applies. You 'lost' an opportunity of adding up Bitcoin to your Wallet by claiming faucets. But had you worked and put that Money in Bitcoin instead, you would have a lot more Money right now. That is, if you never sold. But how many people never sell? You had to be kind of crazy to think Bitcoin could touch HUNDREDS of thousands of Dollars back in 2015.
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You know well where his priority will be now, he just proved it two days prior to his inauguration. The priorities will be where his own Money and Wealth of his family can grow. Probably Musk Token, Baron Token and other Shit Coins will be next.
It is clear now, they do not care. Not about Bitcoin, not even about you. His choices for the new Administration was a clear sign, it is all going to end gloriously for all the Billionaires but disastrously for the rest of us.
This is a GIANT reminder for anybody who praises any stranger as if they were God himself to finally wake up and realize no Rich guy is coming to save us or our Wealth. We are all on our own and we will have to fight for ourselves, nobody else will. This is also a reminder for everybody who thinks Michael Saylor is doing an amazing work by purchasing so much Bitcoin. All it takes is the right opportunity and he will probably one day end up dumping it all on us too.
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Very likely, scanning a QR code won't harm you, but what you do next after scanning it will be more risky and decide will your device be compromised and accessed by hackers or not.
I doubt you can consider your device accessed by Hackers after simply scanning a QR code, unless the QR code is actually Malware the device will read as not just plain text but a Script or something. Which most likely involves the perpetrator finding a really high vulnerability and attempting to Scam others. Which I am not saying is impossible, but it is unlikely. Even if you scan QR codes of which source you do not even know. It is not a big risk if you separate devices anyway. If you scan them using your phone, you should supposedly have your information backed up some where and that should NOT be the device containing most sensitive information. If you have a habit of scanning random QR codes, it may be good practice to simply have a separate device strictly for that purpose then. Just my opinion and what I would do if I truly had this curiosity often.
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To make it work almost exactly like described in the OP you would simply need an CheckSequenceVerify output going to the recipient's (e.g. merchant's) address, set to 6 blocks after the tx's confirmation, and an alternative output going to an own address. After 6 blocks, the recipient can transfer the coins to another address, but before that block, the sender has the full control over the funds and can simply undo the transaction.
Will this help in the situation of an attempted Scam which I presume is one of the reasons OP came up with this idea? Though I would argue if somebody knows how to do a Locktime, they will possess enough knowledge to avoid stupid Scams. Anyway, even in this situation it would be useless to implement the option to reverse a Transaction. It would only make Scammers change their ways and asking the elderly victims to simply wait for the 'Confirmation' as in 50 minutes or however it takes for the final Block to be Mined before it is considered irreversible. If the elderly have enough time and are silly enough to gather their monetary resources, go to a public ATM and deposit their Money to the Address of the Scammer, they will be silly enough to impatiently wait for the Bitcoin to finally be 'processed' by the Scammer.
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much earlier he did mentioned the fact that he was going to have a bitcoin reserve for the US government, one of which facilitated his victory.
It is kind of far fetched to think the proposed Bitcoin Reserve is what facilitated his victory. I honestly strongly believe it contributed to such a small percentage of his victory that it is not one of THE reasons he won. Now for the Price Bitcoin currently is worth. Have you ever seen a Bitcoin rally and how it looks like? It does not look like it has priced in at all. More over, it looks like a great thing whether it is priced in or not. Think of it this way, If Bitcoin has priced in already, it means it is much less volatile than it used to be and the rally is so smooth and normal we do not even notice any more. Though this comes with a caveat. If it priced in already, then the percent it increases by every cycle is becoming so low it may not be profitable for Miners to continue their operations. In that situation, you have to worry about way more than whether a rally is due or not. If it has not priced in already then the upcoming Bitcoin rally will likely be an incredible ride. We are past 100 Thousand Dollars a Bitcoin. These are insane numbers.
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Great initiative. I barely ever use codes on the Forum but this sounds like a perfect time to create a table for this Thread with a check for each State that passed a bill with a source next to it and maybe even the amount of Bitcoin or Dollars worth of Bitcoin each State purchases.
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In the case of Melco Resorts, the company is strategically using the popularity of the series to promote tourism and gambling in Thailand. The setting in a luxury resort will inspire many viewers to visit the country and experience the excitement of the casinos portrayed in this production... in my opinion, a clever marketing approach.
I mean. As long as it is nothing illegal, why would this be a problem? Gambling can be a problem if done irresponsibly and at least in theory should be strictly for entertainment and not for becoming a billionaire over night. Sure, getting richer over night is a possibility but is it ever a guarantee? I do not understand why one Casino may be more exciting than another for a gambler. I have seen a few Casinos and they all offer the same feeling overall. Maybe one of them has newer machines or more games, but other than that they are not much different. Or, did I miss out on details?
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This idea sounds alot crazy. Just wait until I go down to a shop, make payments for a goods, and undo the transaction on my way back home.
You can already do that if the shop accepts RBF Transactions. There is no need for a new protocol to undo a mistake. Not to mention that Bitcoin is not a system that should allow human mistakes anyway. It would be cool if there was a way to cancel every single mistake and ONLY mistakes, but that is impossible. The safest method is to not allow them at all and ignore every mistake that happens by not even being able to distinguish between a mistake and not. The main idea is very basic. You either take your time to do things right or you blindly do it. If you blindly do it, expect nothing good. And besides, this idea will give miners more work to do than they already have today. So, let's just stick to the rules.
Not just that. I can undo the undo that I undid before undoing my undone Transaction. That is six Transactions in a row and the most distant time span it can happen in is approximately 300 minutes or 5 hours. This can become really tiring for the Bitcoin Blockchain and could clog it up almost immediately if enough people do it often enough. Imagine the bots who sweep vulnerable and publicly known Bitcoin Addresses people still end up sending Bitcoin to. Bot 1 sweeps it, bot 2 undoes the Transaction. Bot 1 undoes the undone. And so on, until either one of them gives up or the Miners take most of that amount and the change of a few Satoshis stay in the Address until another Transaction is received only to be fought for by the same bots. Stupid idea.
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