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It seems like every six-months to a year a major heist or exit scam happens, and it only takes this community days to forget it even happens... I believe the people behind these exploit this and just go start another project and build it with marketing..
Why is there no mention of a auditory and standards process for service providers like banks do with PCI? This isn't play money.. At the very least there should be a movement against the practise of remote bitcoin storage. Vendors can just query the block chain if they need proof of balance.. Anything with an escrow needs a verified identity behind it to avoid exit scams..
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Wallets are suppose to display the fee once transaction data is entered.. Problems like this aren't suppose to happen for any level of experience user..
This is one of the most annoying things you'll see with bitcoin wallets. For some reason nobody just displays it even though the cost to size ratio is known.. I'm not sure if it's just laziness or what, but yeah it costs a lot of support overhead and loss of commerce..
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Yes the thing about bitcoin is that inputs have to be signed individually even if they are all from the same address. This may change in the future if they manage to introduce shnorr signatures.
It shouldn't change. The current system is perfect we just need more intelligent policy for small input so users aren't technically forced to abandon currency.. Better distribution of the blockchain too using compression and torrents or something distributed with compression. LZMA2 solid compression or go hardcore with a PAQ algorithm. BTW a better way to explain it is a payer address is a single input. All change addresses and destination address are outputs that don't get blockchain verification without a certain amount of satoshi to bytes. |
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You are either crazy or simply performing money laundry, you suck at both, instead go like this;
Buy whatever you can afford to buy.
Open BitMixer.io and send them 10% of your bitcoins and give them an address no matter what address.
Sell whatever you receive in Kraken and then send another 10% until you are all done and then go to sleep knowing you are in the clear.
People might scare you by lies and misinformation, better not pay any attention to them.
Not wanting to be tracked to exchanges or service wallets has nothing to do with money laundering.. Your BTC is eventually going to go through a fiat institution if you want to use it as currency in most of the world.. Everything from prepaid cards at the local dollar store up to a broker account has a identification requirement and is reported to the federal government in every country.. One of the things that's always annoyed me about this community is how people will catch grief for things like this, but pre-mined alt-coin authors and half-arsed casino and niche owners nobody bats and eye to.. People here even quickly forget about site owners literally leaving with millions of USD worth of BTC inside a couple weeks(who usually go startup again and repeat).. |
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Quick way to beat any tracking: Go through any time-randomizing mixer, or gateway and abandon any change outputs.
Quick way to beat 'tainted' coin inputs: Use a blacklisting service against inputs
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I am actually reading about tainted bitcoin for the first time and even the way the tainted bitcoin came about but the issue is how do one get it tainted especially where its a scam situation. Do I report somewhere or I paste the transaction id somewhere? Also, I feel it won't still have any effect since we already have a mixing service to clean it of.
It's only tainted when a mixer or exchange refuses it because they blacklist the input.. It has nothing to do with blockchain or crypto but instead their own or outsourced seperate database.. People are mostly wrong about bitcoin security. chainalysis.com only needs input and output flow because typical user behavior.. They have the best tracking algorithms.. It has nothing to do with crypto or IP data. My credibility: I wrote one of the best mixers ever and I follow chainalysis behavior through headlines. |
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Mixers no longer work. The coin analytics companies can identify and see past mixers now and have been for awhile. If you need to anonymize bitcoin you have to jump to an opaque blockchain and back, and take care on how you do it to avoid timing analysis.
wrong.. chainalysis.com uses input, outputs, and timing to map. If you have no change outputs as inputs they fall back to timing and back-data behaviour patterns.. They are forced to eventually attribute using exchanges through government or willful cooperation.. Nobody can map seeds or key pairs cryptographically.. |
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OP please read about change on the bitcoin wiki: https://en.bitcoin.it/ChangePut simply transactions often have change that has to be sent back to your wallet. For privacy purposes it is better to use separate change addresses. You should leave this option checked. If you leave it unchecked change will be sent back to the address where the input coins came from. What that page doesn't tell is how there is a conflict with change and network fees.. First think new users are going to do is try and combine change with other change for other transactions.. I can't think of any conflicts. You will lose privacy if you combine multiple change outputs into a single transaction though. Is that what you are referring to? no I'm talking about the cost overhead in the form of fees when you try to combine change balances for inputs. I'm actually interested in what you guys suggest people do with change seeing as you don't see this as a conflict.. wallets don't efficiently use them.. |
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Here is how you make a hack proof wallet with current tech: Android: TEE wallet query interface with lockout or timeout, IOS: TEE wallet query interface with lockout or timeout, Intel x86: SGX, AMD x86: TEE wallet query interface with lockout or timeout. AES or EC signing on all. Don't have memory corruption(hand written assembly since it's so small)
Future vulnerability: Bypassing signing in isolation loader with silicon manipulation. This is what game consoles and Apple do and except where they have memory corruption it doesn't get hacked.
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Shouldn't dynamic fees be displayed on "Send" screen as amount field is changed to a valid amount?
That would be a good option but it is easily changeable to whatever fee you like, just go to the 3 dots on the right top left of the screen, then settings. There you will see a tab FEES, by default it is in the maximum fee which will enable your transaction to be confirmed in the next block (really soon). I agree with you though, they can make such tab in the send screen. It's "Dynamic" by default. People should know what they are spending before they spend.. |
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Shouldn't dynamic fees be displayed on "Send" screen as amount field is changed to a valid amount?
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OP please read about change on the bitcoin wiki: https://en.bitcoin.it/ChangePut simply transactions often have change that has to be sent back to your wallet. For privacy purposes it is better to use separate change addresses. You should leave this option checked. If you leave it unchecked change will be sent back to the address where the input coins came from. What that page doesn't tell is how there is a conflict with change and network fees.. First think new users are going to do is try and combine change with other change for other transactions.. |
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what are your fee settings under electrum? It's default set to dynamic. If you haven't changed this it is a bug.
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Excuse me, but are you trying to say that the probability of rolling 8888 on freebitco.in is not 1/10,000? Because from what you have written it looks like you are. When you said: "Combinatorics don't work how the majority of people think they work" what did you mean by that? I'm confident that I was right about the probability and if you think otherwise please do argue your point.
First off.. It's exactly 8888 to win the jackpot.. Second.. It's >5350 for HI and <4750 for low.. I'm not sure what game you're talking about though, but it's nowhere on this site.. There are exactly 70 combinations in 8888 though where 0-8 and four digits(154 8888,888,88 combinations combined).. Stick to telling everyone how great sites like this are with your great math and finance skills and never respond to people who know better..
And yet you are wrong again, my friend. You can find the game on freebitco.in clicking "MULTIPLY BTC" at the very top of the page and see for yourself. They say "Roll number 8888 to win the jackpots!" We have neither more nor less than 10,000 numbers, and the probability of rolling one of them is 1/10,000 or 0.01%. /I hope our conversation is on topic since we are talking about a game on freebitco.in /My original point is that one in ten-thousand numbers is a lot different than one in ten-thousand combinations, and people often don't get it. People don't even know the method for your draw and since it's linear numbers everything here regarding it is pure speculation.. The cost for each "prize" will also quickly deplete the average balance on your site quite quickly. Maybe one day I'll go ask how your site works internally. I just need to get a Russian translator first.. You were shown that you were wrong saying to me "never respond to people who know better". You were shown that your calculations There are exactly 70 combinations in 8888 though where 0-8 and four digits(154 8888,888,88 combinations combined) have no sense in respect to playing for jackpots on freebitco.in. And yet you respond with another gibberish, not even admitting your mistake, and not apologizing for your arrogant utterance. Hopefully wetsuit will demystify the subject and this wrangle will be over. wetsuit, can you please answer the question:
Does the probability of rolling the jackpot number, 8888, on freebitco.in equal to 0.01%?Saying combinations are different than linear numbers isn't a "mistake".. There are in fact 70 combinations in 8888.. Just go back to defending your black box odds where you're trying to convince people you're actually doing 1:10000 with a PRNG.. |
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Excuse me, but are you trying to say that the probability of rolling 8888 on freebitco.in is not 1/10,000? Because from what you have written it looks like you are. When you said: "Combinatorics don't work how the majority of people think they work" what did you mean by that? I'm confident that I was right about the probability and if you think otherwise please do argue your point.
First off.. It's exactly 8888 to win the jackpot.. Second.. It's >5350 for HI and <4750 for low.. I'm not sure what game you're talking about though, but it's nowhere on this site.. There are exactly 70 combinations in 8888 though where 0-8 and four digits(154 8888,888,88 combinations combined).. Stick to telling everyone how great sites like this are with your great math and finance skills and never respond to people who know better..
And yet you are wrong again, my friend. You can find the game on freebitco.in clicking "MULTIPLY BTC" at the very top of the page and see for yourself. They say "Roll number 8888 to win the jackpots!" We have neither more nor less than 10,000 numbers, and the probability of rolling one of them is 1/10,000 or 0.01%. /I hope our conversation is on topic since we are talking about a game on freebitco.in /My original point is that one in ten-thousand numbers is a lot different than one in ten-thousand combinations, and people often don't get it. People don't even know the method for your draw and since it's linear numbers everything here regarding it is pure speculation.. The cost for each "prize" will also quickly deplete the average balance on your site quite quickly. Maybe one day I'll go ask how your site works internally. I just need to get a Russian translator first.. |
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Excuse me, but are you trying to say that the probability of rolling 8888 on freebitco.in is not 1/10,000? Because from what you have written it looks like you are. When you said: "Combinatorics don't work how the majority of people think they work" what did you mean by that? I'm confident that I was right about the probability and if you think otherwise please do argue your point.
First off.. It's exactly 8888 to win the jackpot.. Second.. It's >5350 for HI and <4750 for low.. I'm not sure what game you're talking about though, but it's nowhere on this site.. There are exactly 70 combinations in 8888 though where 0-8 and four digits(154 8888,888,88 combinations combined).. Stick to telling everyone how great sites like this are with your great math and finance skills and never respond to people who know better.. |
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so what happened to that user who rolled the 10000 number? was he really that lucky and won the $200 finally (first person to win it?) or was it all a sham.
pinging "snegap" (u=988574) come back and update us buddy.
That one winner for a site that was made in 2011.. |
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How does this site make money now that google ads are not allowed?
Freebitco.in is making biggest part of revenue from gambling deposits. Also, they earn some money from advertising campaigns. Didn't realize they turned into a gambling site as well. There you go It became a gambling site the second you were able bet against a pseudo-random outcome.. I've always knew they didn't make a lot off CPM, CPC, or CPA because I've seen their traffic.. Am I the only one who notices like 98% of the posts in this thread are people who don't know basic-math or investment telling people how great the betting system is that they've never profited from??? |
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Lately I find it interesting to hunt for the jackpot, 8888, in freebitco.in. I'm really determined to hit it sooner or later. Here's my best result so far:  Jackpots were won rarely. I've never come across any person winning a big jackpot placing very minimal betting amount. I too have tried this several times, even when the winning chance seems above 50% have never had a stable winning so to make a better earning. I won it barely before I hit 8878 on my roll. I was really frustated that time because I can nearly won 1btc that time. At the end of the game I lost and lose all my profits from the game thats the cause of frustation ans the eagerness to win that jackpot. I dont understand why you did it, guaranteed lose 12500 sat per bet just for 1btc jackpot which is so hard to get. There are many better jackpot rules where you do not need to pay for on each bet. This site is not for this hi-low betting. It is purely a faucet site and if you want to play this dice game then find better one. After requesting site admin to reduce house edge, he never bothers to reply also so we also should ignore this site for playing this dice game until he cares community request. It is a bad site to choose for dice game to play. Seem he look this site as a gambling site but why he spend a lot bitcoin if only want to hit jackpot and why he not look other dice site that have jackpot prize too. The only thing not gambling are the free roles and they payout dollars a year if you play 24/7.. If you're paying in to a random number generator you're gambling.. |
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Lately I find it interesting to hunt for the jackpot, 8888, in freebitco.in. I'm really determined to hit it sooner or later.
Here's my best result so far:
~ [result.jpg] ~
Jackpots were won rarely. I've never come across any person winning a big jackpot placing very minimal betting amount. I too have tried this several times, even when the winning chance seems above 50% have never had a stable winning so to make a better earning. , because it is once in a lifetime, I mean, only one people could win it, and you are lucky if you are the one who is going to take the jackpot. But before you win the jackpot, there is a lot of money that you need to spend on gambling, that is why, if I were the one you are going to ask, I'd rather try other things which is safe to earn money than to risk my bitcoin in gambling having no assurance if I'm going to win or not. Actually you are wrong about the percentage. We have 10,000 different numbers and the probability of rolling one of them is 1/10,000 or 0.01%. This happens not so rare as you think and that's why they give the prizes for rolling jackpot accordingly. For example, if the cost of your play for jackpot 0.00000013 you'll get 0.00100000 in case of winning. 10,000 different linear numbers or combination numbers? Big difference.. Combinatorics don't work how the majority of people think they work.. No offense to all but both defense and offense regarding the lottery system here are totally idiotic.. Anyone here who suggests there is a strategy to beating house odds is no different than the pensioners who live and die in Las Vegas pulling slot handles daily and playing state lotteries.. The free coins are no different; if you did it 24/7 for a year could go eat at a cheap restaurant once a year.. |
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