depth charts are just temporary observations of where whales are sticking their resistance walls they have no intention to have those deep walls hit the market. its just a pressure line to get other minnows to fill up between the pressure lines to then help control the price
these walls may last a week or 8 weeks it depends on what bets the whale is making on a different market called the futures market where they are gambling that the price wont go below or above X amount that week
if you want to judge how desired bitcoin is. take the AMOUNTS being processed(order history) not the walls far away(depth chart)
if one week the average order is 0.01 and the next week its 0.02 then it shows people are more willing to buy more in the second week
so use the 'order history' as a metric for desire/demand sentiment more so then the 'depth' the depths are fake orders that cancel if the whales walls get too near the spread(order processing line)
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It appears uninscribed ordinals are now being purchased in addition to their inscribed counterparts. Now that Bitcoin has been de-fungified down to the last satoshi, the Ordinals system of satoshi numbering is giving rise to some novel (perhaps exceptionally bizarre) value propositions. One of them is the idea of rarity levels within the existing ordinal database of satoshis. This gives us the following rarity levels: common: Any sat that is not the first sat of its block uncommon: The first sat of each block rare: The first sat of each difficulty adjustment period epic: The first sat of each halving epoch legendary: The first sat of each cycle mythic: The first sat of the genesis block It is traceably the "first" satoshi of block 781463, or satoshi #1932164375000000, which was mined on Mar 19 of this year, which makes it an uncommon sat according to the system of levels above. funny part (not cranky) if you follow the taint back to a previous spend where the lock amount originated from.. its not the first or last spend.. its a middle spend of a previous spend bc1q3m...vnnxn 10.99683698 BTC -> 1A13e...GaNsX 1.99322711 BTC bc1pzp...r47k4 0.00010000 BTC 1A13e...GaNsX 9.00347784 BTC the bc1q3m...vnnxn is then in the middle of a previous spend bc1qm3...77s3h 13.25197239 BTC -> bc1qs...nv5xc 0.73617838 BTC bc1qm3...77s3h 0.01630324 BTC 33D8q...uaPZN 0.00092000 BTC 18etWy...d91CL 0.00384421 BTC bc1qm...y2wx3 0.11868190 BTC ... bc1q3m...vnnxn 10.98752181 BTC .... where it is spend number 17 of 40 meaning its not a first last or anything special of anything i doubt anyone actually paid $3600 for under $3 of sats it is probably some promoter selling to himself to set a false price on a market history to pretend to set a sat value as being 1600x more then its worth hoping some other idiots will see it and pay more for a next scam becasue they beleive the first (scam) really happened as a genuine trade
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i can buy a 24pack of pepsi for £8($10) in the bulk aisle meaning each tin-can is£0.33($0.42)
however in the same retailer buying just a single tin-can in the snack aisle is £0.80($1)
the same retailer has a cafe that does food deliveries where ordering a tin-can of pepsi with fastfood delivery is £1.50($1.85) for just the can of pepsi
meaning fiat fluctuates the price of goods by £0.33-£1.50($0.42-$1.85) ~4x+
a 5x difference.. and no one bats an eyelid at the prices differences of the same product from the same retailer but just in different sections of the store.
.. a clothing retailer january2022 had winter coats at £50($62) and in spring offered 70% discount at £15($18.50) this year the same coat right now is £60($74) again no one bats an eyelid of a £15-£60($18.50-$74) 4x multiple
what those in power want to make people beleive is that they are unable nor should ever expect anything better than a 2% savings return. 1.02x .. yet they avoid showing that fiat loses people upto 4x of value depending on when or where you purchase
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this is of particular concern for beginners If want to buy a laptop, take your hand to choose at least 1 terabyte hard drive. most beginners do not start as a full node. they have no great knowledge about the network at the beginning. most start by hoarding sats in centralised exchanges and only learn about full nodes later on once they have had time to learn so its not a case of needing to buy a high spec laptop right from the start. nor does it require a high spec laptop once established. multiple terrabyte devices are the norm now, we are not in 2010 anymore this is of particular concern for beginners If want to buy a laptop, take your hand to choose at least 1 terabyte hard drive. Or just prune the blockchain. There's a reason why that's the default, and for most users that will work just fine. if you dont want to be a full node thats fine.. but understand it from the prospective of those that DO people who want to be a full node.. actually want to be a full node the reason they choose a full node instead of a light node is for reasons.. listen to those reasons they actually want to archive the blockchain and provide it out to others to decentralise the blockchain.. the main point of being a full node is that. decentralised network, avoid central points of failure. etc etc if you dont want to be a full node thats fine. but dont pretend that pruning keeps people at the same level as being a full node if everyone pruned... no one would have full blockchain data from genesis to now anymore. = centralisation. and no more ability for new users to sync upto, if there are no full nodes left.. please understand that.. understand pruned nodes are a different level compared to full nodes you have been around long enough now to atleast have heard about the useragent/services and how nodes treat each other differently depending on services they have enabled or chose to disable learn the difference between full nodes that helps protect the network, other nodes, protocol, blockchain, decentralisation.. vs pruning which is just for personal validation and does not strengthen the wider network nor offer full service utility to peers when those wanting to be full nodes (validate and archive data), want to discuss full node data. and you simply want to tell people to stop being a full node. but pretend they are still a full node at the same time.. you are missing alot of points about why bitcoin was invented, what functions blockchains provide why a distributed blockchain helps and why allowing the sharing of data helps
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using examples
years ago "localbitcoins" was popular as a aggregation service to advertise individuals wanting to do trades with each other
however over the years a few things occurred in 2014 bitcoin was ratified into being a legit currency meaning currency laws applied. this meant that people doing trades were deemed as money service businesses.
banks would notice people who were not businesses doing alot of random wire transfers were flagged as operating a money service business without a licence. and thus requested account holders to set up a business and get a licence to move to a business account . or have their account suspended. ... also scammer using local bitcoins would buy bitcoins and then tell their bank that (falsely) someone hacked their account and spent their money. this is called chargeback scamming whereby scammers got to keep the coin and get a refund by claiming the seller was a fraudster/hacker/thief.. thus again sellers became red flagged and required to start KYCing buyer to ensure the buyer at the keyboard was also the account holder to avoid shameless chargebacks
due to this localbitcoins dropped in popularity due to individuals needing to KYC each other.
de-fi will see this same scenario repeat, de-fi is just at the start of the story .....
other networks such as lightning is deemed as AEC (anonymity enhanced currency) which means regulators are on the watch out and has guidance for regulated services to monitor or avoid utility of it "routers" on lightning are designated as money services businesses due to their role in personally and direct involvement in processing payments on behalf of other users for a commission. so those offering up their channels for routing will be scrutinised and monitored too
i say all this because although regulators cannot stop bitcoin transactions. they can stop the individuals real life efforts and business activity
the more people try to seek anonymity the more regulations put those on watch lists and require much more from those who service them
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funny part is
bitcoin started life under a MIT licence the M of MIT is her states name
MIT is a hub of technical innovation, a literal institution of technology and she wants to strangle it.,, hmm not really a good look when it comes to re-election
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recently blackhat tested his own moderation ethics.. and failed shamefully
a discussion topic he created as self moderated was discussing the legality of mixing services
he personally did not quote or reference or talk about law regulations nor use information gleaned from regulators. instead he tried to brush under the carpet any risks and ignore risks and just wanted to praise and hype up and promote mixing services (dumbing recruits to sleep so he can shamelessly use them for his personal "privacy")
i then was telling readers how mixing is a risk and puts people on watchlists thus undoing the advertised purpose(to not be watched) of using a mixer
he did not like the fact that i said this and didnt like that i was telling readers to actually go read regulations and the real world definitions and guidance. he did not like that i was debunking his sponsored ideologies/allegiances of what he wants to promote even when what he wants to promote puts other people at risk.. and so instead of staying unbiased. he chose to delete posts and want me banned from making more posts in the area he had moderation control over
its like tax avoidance. to differentiate between being a tax evader(different type) vs to be a legal tax avoider... you first need to learn the laws you wish to navigate through to learn how to find the loopholes to legally avoid tax. simply ignoring the law and thinking it doesnt apply and telling people to just keep doing things without care. harms other people and makes them tax evaders(which comes with consequences).
its always best to read the laws that apply to help you navigate them. rather then be an idiot that just wants to lull people into sleepy dreams of "freedom" just so you can promote a service that takes peoples freedoms away
saying something that opposes a malicious promoter is not trolling. its actually a form of criticism and scrutiny and risk awareness.. something people should be allowed to do to ensure users dont end up getting caught/getting in trouble due to malicious users promoting things that can harm their users
blackhats personal allegiance to certain sponsored businesses outweigh his morals and ethics even to a point of wanting people banned and posts deleted if those people and posts oppose his allegiances.
and so i therefore withdraw my earlier opinion that blackhatcoiner should be given a chance because, i thought he was able to grow up and put his personal allegiances aside. i therefore withdraw my earlier opinion that blackhatcoiner should be given a chance to be a moderator of a whole category because he shamelessly cares more about promoting risky services rather than allowing people to discuss ACTUAL risks that are actually mentioned in regulators guidance. he moderates out any scrutiny and instead keeps the malicious risky promotional stuff
also because blackhatcoiner loves to support mixers and theymos doesnt want moderators supporting mixers. he definitely wont get far. especially if his request for an unpaid job(moderating) means he can no longer receive income from his paid job(advertising mixers)
im guessing he will be fast now to revoke his own request to be a moderator, if moderators cant promote risky services
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node crawlers only link up for seconds. they dont stay connected to then sniff out transaction broadcasts
the whole point of the bitcoin network is to find other peers to talk to.. so if you are a noob wondering why nodes connect to nodes.. its called a peer 2 peer network.
nodes are suppose to find each other mode nodes only want to connect to like 8 other nodes. some more.. and yes it seems nodes trying to search out 15,000+ other nodes may seem a bit too much and may seem suspect, but no its not suspect. even the core devs do it themselves. they have crawlers and bitdns seeds that gather thousands of connection details.
knowing your ip or tor domain does not reveal your real life name. its just connection details
if someone has been telling you about privacy and anonymity. they lied bitcoin is not anonymous, its pseudonymous
bitcoin does not specifically KYC your life story. but it also does not do anything to hide you should you reveal your life to others
this is why people need to put in the extra effort to think about what they reveal to others. such as using tor, proxies, vpn
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from what you are explaining its just grabbing data from bitcoin DNS seed nodes and then node crawling for more. well thats something thats always been done many websites show dozens of thousands of ip addresses of IP nodes
bitnodes.io has had lists for years
bitnodes does it by not just asking for user agent details but asking for the getaddr command that means it asks the connected node for their connected nodes. this is called 'crawling'
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imagine it
paying tax on ingame purchases.. turns Steam into tax reporting agents of its customers rather than games retailers
so soon you wont be able to play online games without KYC
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That being said, my emphasis is on how Laszlo saw and valued his bitcoin as of then. Obviously he had more than 10,000 bitcoin for him to offer to buy. I don't think he bought with his whole bitcoin. Meanwhile I read somewhere that Laszlo earned upto 100,000 bitcoin while mining with other early progrmmers and adopters of bitcoin.
I believe that Laszlo saw his 10,000 bitcoin as $41 and not as 10,000 BTC. AND that is how many of us see bitcoin today and including myself. In 10yrs time, we could have thousands of Laszlos among bitcoiners, but the difference is that we won't make history as Laszlo did.
OR he seen it as PIZZA much like people view their bitcoin as future lambo's or mansions
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A friend also recommended the Ordinals platform to mint NFT on the Bitcoin Blockchain network, which he claims is the first platform to support Bitcoin NFTS. Frankly, at first glance, I felt it was a scam because I always saw that the Bitcoin network was not explicitly designed for NFTs, like other blockchain networks such as Ethereum, Polygon, Optimism, and others. And if we cannot, after making a Mint for any NFT on Ordinals, verify the hash of the transaction that took place on the blockchain, then what is this called? Is this a real mint, or have you already purchased an image from the Ordinals platform and paid a fee? And after you buy one of the Ordinals NFTs, what market can you sell it in? I have a lot of logical questions that need to be answered ordinals puts DEAD WEIGHT(unmovable) data onto the blockchain(the meme creation transaction). but it does not have the feature of proof of transfer to allow ownership change to be provably established on the blockchain thus these ordinal memes schemes are scams if they pretend to offer ownership change claims, because it does not offer true ownership change the project manager of these ordinal memes rushed a process to exploit a method to bloat the blockchain with memes but he did not think about a PROVABLE way to allow ownership change on the blockchain. thus he plays games by deciding an owner based on graphic user interface/software/website decision of whatever preference he has this season. but that preference is not provable in blockdata to lock the ownership changes to said preference in short this season he can say recipient X of a tx owns it. next season he can say recipient Y of same transaction owns it(thus removing you as owner). and neither is proved by reference in blockchain data that you ever used to, nor still have ownership in the first place, nor will have ownership
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mixers and tumblers are mainly used by illicit sourced funds.. i understand criminals dont want to wash their dirty coins and get other criminals dirty coins as thats another pointless exercise. so they keep trying desperately to cry out that innocent people should join their crowd.. but thats purely criminal greed to push their dirty coin onto someone else, without caring how that causes consequences on innocent people
the funny part is they say "its fungible" as the lame excuse to pretend innocent people getting dirty coin wont get hit by authorities.. yet if it was "fungible" there would be no need for mixing and criminals wouldnt need to ask innocent people to swap funds with
and lastly. read regulators policy and also terms of service of exchanges to realise that services DO TREAT MIXED FUNDS DIFFERENTLY(anti-fungibility) and DO WATCH MIXED FUNDS(anti-privacy)
so in short mixing does not help fungibility nor privacy
i really do understand criminals hate circle jerking their dirty funds between each other, and they really want innocent funds added into the mix.. but that does not mean its morally, ethically, or considerate to such innocent people you shamelessly try advertising mixing services too
and yes innocent people are caught up with having to explain themselves and reveal their private lives due to receiving your dirty funds.. which i know you dont care about. but it happens and yes innocent people are caught up with having been denied usage of legit services due to receiving your dirty funds.. which i know you dont care about. but it happens
if you lot had half a brain you could work out better methods, which would not harm innocent people.
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Why can't they just assume that those person are a shy type? But seriously, not all who private themselves are doing something shady. its not a simple legal/illegal yes no. thing its a suspect/risk % scale. with thresholds. Crypto has once gain a bad reputation but now that it was popular, the public already sees them as a regular currency. If they found someone who use the mixers for illegal activity, they should punish those users and not the mixers itself because they are only doing a business here and there is no way they open the business for the sole purpose of helping the criminals.
chip mixer was not shut down just for being a mixer. otherwise it would have been shut down years ago it was shut down because regulators and businesses were WATCHING chip mixer because chip mixer is a risk of suspicious activity. and then in 2023 chip mixer GOT CAUGHT being directly involved with helping criminals.. much like the mixer that got caught last year. it was not that he was offering a mixing service it was that he directly helped and financially benefitted from processing criminal funds U.S. prosecutors said ChipMixer processed stolen funds for cybercriminals behind the $540 million hack of the online game Axie Infinity and $100 million hack of the Horizon bridge hosted by technology company Harmony that allows users to send crypto between different blockchains.
I remember the authorities have also removed privacy coins in the exchanges before for the same reason but luckily those coins are still surviving.
regulators give guidance to VASP's and its the VASP that decides how much headache it wants to tolerate or avoid. and most VASPS just avoid accepting AEC to simply avoid questions/headaches later
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time shares are a scam. yet there is a market for them counterfeit money is a scam.. yet there is a market for them
just because there is a market does not mean they are not a scam
i think its time you do dis-continue this conversation, and then use the time to realise how bitcoin works and how PROOF of transfer works.
PROOF of transfer.. emphasis on the PROOF part
by the way there is a simple way that casey can actually include another feature that already exists in bitcoin to then enable his ordinal scam to have PROOF of transfer to actually make his scheme more legit. but hey if he cant figure it out and none of his scam artist community of snake oil salesmen meme sellers cant figure it out. then good let them continue digging a hole for themselves
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One of the basic properties of "good" money is the fungibility of individual coins.
The value of one coin of one denomination must not differ from the value of another coin of the same denomination.
fungibility is not as you think all money is treated differently and always has been if you get money in your account from an employer. that amount gets taxed as income tax if you get money in your account from an investment. that amount gets taxed as cap gains if you get money in your business account from customers. that amount gets taxed as corporation tax if you want more than $500 from an ATM you have to talk to your bank if you want more then$1000, $10000 expect reports to tax offices doing a wire transfer of $30k using a business account gets treated differently than a minimum wage person doing a $30k wire transfer of his life savings what most people dont realise is money is not fungible. its just when only handling small amounts like $100 in you back pocket. your not really a big concern for authorities to watch compared to someone with over $10k in a suitcase crossing a border. and yes different rules apply if your using cash, debit or credit. heck even mortgage amounts are put into escrow whilst paperwork is done. money is treated differently and always has.. welcome to the real world
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they didnt shut down chip mixer just because it was a mixer
they ALONG TIME AGO had chip mixer on a watch list(including its customers).
and as soon as they linked it to a criminal activity this year. they acted on the information
chip mixer did do laundering this year so suffered the consequence this year
because mixing is a red flag of raised suspicion of possible utility of criminal activity, so regulators and their regulated services are delegated to watch a short list of suspicious activity and rate it based on the chance of criminal activity, to decide to level 1 just watch, 2 investigate, 3 bring charges
if you do not want to be a high percent rate risk.. if you dont want to be on a watch list.. avoid things that are given a high % rating of suspicion risk that would put you on a watch list
because if they watch something close enough. when something criminal does occur. boom. your are caught.
suspicion is not a yes/no question.. its a % rating. fungibility is not a yes/no question.. its a % rating.
if you avoid the certain things that earn you % risk rating. you avoid the thresholds of being on a watchlist thus you keep your privacy
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Well if you apply currency rules to Bitcoin this would actually be great news. Since for money laundering you need an illegal component that needs to be proven by law enforcement. Everybody is not guilty if not proven otherwise. If Bitcoin mixing is however not currency mixing than it could be illegal from the start.
read the actual regulations. stop trying to define things based on your prefered confirmation bias if you can learn how things are actually treated you can then learn what actually happens in the real world and how you can possibly think about methods to avoid being watched EG owning a gun does not make you a murderer. but regulators put gun owners on a watch list. by noting down gun serial numbers and owners identity. that way if there was a murder and they found a gun and thus serial number they can then easily find the suspect mixing/buying a gun is a red flag that something criminal could happen. and so they are on the watch for those particular people if you dont own a gun you wont be on a gun watch list. .. OBVIOUSLY if you dont use a mixer you wont be on a watchlist of possible laundering with all that said by being put on watch lists by using mixers.. defeats the whole point of using a mixer.. because using a mixer gets you watched closer thus mixers are not privacy tools when the end result of using a mixer is being watched more closely #common-sense as for the whole "proven in court" i laugh if you are doing an activity where you think going to court to prove innocence is a positive. you are forgetting some major steps before judgement the main one being before you even step into court. your privacy has already gone... because they have found you, taken you to a police station, interrogated you and questioned your life history and done some background checks on you.. etc etc thus privacy gone. even before you get to have your day in court. so thinking 'just use mixers, everything is fine, if things go bad you can explain in court' .. you are too late. your privacy had disappeared along time ago i facepalm people that tell innocent people to carry on doing red flag activities get put on watchlists and have to be questioned about it later.. all so that real criminals can run off with innocent peoples funds leaving the dirty funds with the innocent person to have to explain.. shameful
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money has never had privacy rights. fiat money was the patent of governments. its their property so they have always had control on its usage.
its only now recently that people are finding/creating non government currency to a broader crowd than just a business/casino
and so the thought of now wanting privacy currency is a new thought process
however by trying to get "mainstream acceptance" by lobbying governments to deem private property assets as "currency" has allowed governments to set rules for crypto currency due to them recognising such as a currency
bitcoin was deemed private PROPERTY 2009-2014. much like pokemon trading cards, antiques, however now its in government jurisdiction of currency. the government are applying currency rules to the usage of cryptocurrency
so instead of trying to create your own definitions about what laws you want to apply or not. its far more realistic and real life affecting to know what actual laws and policies DO APPLY and then learning from them what to do and not do to then have a better idea of how to preserve your privacy
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it doesnt matter what idiots that promote mixers think that mixers should be its about what the regulators say and choose to call red flags to actually act upon so read what those "watchers" are watching.. to learn what to avoid so that you are not being watched HINT: if authorities are on the watchout for mixers... and then you are using a mixer, expect to be watched EG if cops are on the lookout for people in pink hoodies and your wearing a pink hoody. expect to be highlighted as someone to look into and question when seen and if you learn that cops are on the watch out for someone in a pink hoody. you might want to choose to change your clothes http://www.fatf-gafi.org/media/fatf/documents/recommendations/Virtual-Assets-Red-Flag-Indicators.pdfTransactions by a customer involving more than one type of VA, despite additional transaction fees, and especially those VAs that provide higher anonymity, such as anonymity-enhanced cryptocurrency (AEC) or privacy coins.
Moving a VA that operates on a public, transparent blockchain, such as Bitcoin, to a centralised exchange and then immediately trading it for an AEC or privacy coin.
VAs transferred to or from wallets that show previous patterns of activity associated with the use of VASPs that operate mixing or tumbling services or P2P platforms
Funds deposited or withdrawn from a VA address or wallet with direct and indirect exposure links to known suspicious sources, including darknet marketplaces, mixing/tumbling services, questionable gambling sites, illegal activities (e.g. ransomware) and/or theft reports.
in short.. use a mixer. expect to be watched closer.. use a anonymity enhanced currency expect to be watched closer pretending using a mixer/aec hides you better is the opposite of what happens. it reveals you and highlights you better.. not hide
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