Bitcoin Forum
October 20, 2020, 01:18:29 AM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 [3] 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 »
41  Alternate cryptocurrencies / Altcoin Discussion / Re: KUCOIN Hacked on: October 05, 2020, 02:32:09 AM
It is bad for crypto that after every year one exchange got hacked. Exchange should think so. I think hacking is a big hurdle for popularizing crypto. Along with It is good that exchange got recovered immediately and have some special funds for users.

 AFAIK, the insurance has covered the total loss and the Kucoin administration has frozen all financial operations right after the incident. The social media was full of supporters from different well-known project teams, so the hacker was not able to spend the rest of the funds due to the new contract address. The phishing link must be prepared professionally, otherwise, it is impossible to be trick the poor team member of Kucoin exchange. Anyway, no one has been hurt seriously in this event except the mental side.

The projects have helped out kucoin a lot by re-issuing the tokens and rendering the stolen tokens useless. But it raises me a question is it fair to re-issue decentralized token for a hack ? Where does it leave decentralization.
42  Alternate cryptocurrencies / Altcoin Discussion / Re: How to create fake IDs for KYC for airdrops on: October 05, 2020, 02:29:15 AM
Read this thread about the dangers of sending in real IDs:

Some were suggesting to send in fake IDs.

Is there a good tutorial somewhere on this forum? I tried the search function but couldn't find it. Thanks.
While I understand there are many issues with ID getting sold on the dark net we have to be very careful about sending in our ID.

But realistically why would  you want to participate in a airdrop that is asking for KYC information ?
43  Alternate cryptocurrencies / Altcoin Discussion / Re: Does bounty still kind of worth on 2020? on: October 05, 2020, 02:24:14 AM
We all know that we can get free bucks on these "bounties" since a long time ago. But today, is it still worth it hence there are so many cryptocurrencies like millions of them I i'm correct.
I wonder for you guys who always participate in bounties, I really want to know your portfolio's.

Pls no shitpost here for your signature campaign thing so people know your real opinion.

There are definitely some projects that are worth spending your time and resources on. But with every legit project there are equally bad project as well. So don't be disappointed if some projects fails to pay. Look out for good projects to spend time promoting and you will be rewarded.
44  Alternate cryptocurrencies / Altcoin Discussion / Re: FAKE GIVEAWAYS IN DISGUISE AS BINANCE on: September 30, 2020, 05:49:52 AM
The scammers are at their game like we experienced in the bitcoin Hacking some weeks ago. This time around, they're disguising as binance using the same template they used when Elon Musk's Twitter account was hacked.
They supply this link which if you follow takes you to a medium page requesting you to participate in the giveaway. It is a big scam. Don't fall for it over again.
Always visit to check when the giveaway domain was created and its owner/owners.

Looks like this thread has created enough visibility and now chrome is warning that the site is a possible phishing site.

Always check the official sources like Binance official social media channels to see if there is indeed a giveaway. Also make sure to verify that there is no twitter hack going on.

To check phishing related attacks I use the follwoing website


The seconds one is very useful as it shows the Domain registration details as well.
45  Alternate cryptocurrencies / Altcoin Discussion / Re: Hacker started to eliminate tokens stolen from KuCoin on: September 30, 2020, 05:44:09 AM
Like the hackers who stole from KuCoin were smart enough to eliminate tokens that were stolen, I think it's hard to trace it
if hackers are using decentralized exchanges. It's enough to piss us off, especially those who have become victims. We can
only see the hackers selling the tokens they stole, without being able to do anything. Hopefully this hacker makes a mistake,
so KuCoin can track him down.
The hacker can sell the tokens through dex for sure but how will he or she sell for FIAT without getting caught? This is the main point that I'm trying to figure out, there is no exchange or platform that swap coins to fiat that won't request for users National I. D card (KYC)

I think there are exchanges where you can exchange to FIAT without needing to do KYC surely although there are limitations on the withdrawal limits of FIAT without KYC being done.

For example in Switzerland you can exchange up to 5000 Swiss Francs without having the KYC done.

Also have a look at this article

But as far as the large amount of money that the hacker has it would be impossible to do it without using the hacked coins at Dark web use I believe.

The hacker must have surely though about it before going ahead with the head or maybe he is hoping to reach some settlement with Kucoin .
46  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: BOUNTY HUNTERS: THE CARRIER OF ALL BLAMES IN NEW CRYPTO PROJECTS' PRICE DUMP on: September 30, 2020, 05:39:07 AM
Well, someone always has to take the blame and in this case bounty hunters fall in line as a scape goat. When projects are very successful, project devs always want to take credit and glory, but whenever a project fails and a token dumps, they shift the blame to bounty hunters and marketers which is wrong and cruel.

It will continue to remain this way so as a bounty hunter, do your own research and always join credible bounty campaign

These kind of situations arise when the circulating supply of the project aren't that high as they wanted it to be due to the lower volume of sold out tokens in the pre-sale and sale.

If this happens the team hesitates to distribute the entire bounty to participants as the bounty tokens maybe relatively larger than the sold out tokens which may hurt the investors.

I personally prefer promoting strong projects with great fundamentals which will surely sell out due to the high demand so I don't have to be worried about non-distribution of tokens.
Also the teams can prefer lockups of bounty tokens if they are worried about the price.
47  Alternate cryptocurrencies / Altcoin Discussion / Re: Where do you usually find new coins? on: September 29, 2020, 01:56:00 AM
I want to take a look at this month's new counterfeit coin. Where did you get it? Let's talk about it。

Aper from the obvious sites like coinmatketcap and coingecko which have been suggested have a look at uniswap where a lot of coins get listed. But be aware that there are many fake Tokens listed in uniswap as it's a DEX.
48  Alternate cryptocurrencies / Altcoin Discussion / Re: [DeFi EXIT SCAM] HATCH DAO on: September 29, 2020, 01:53:42 AM
The price has tanked a lot and the site is gone.  People who invested without understanding what Trustswap offers with their smartlock are left ruing their decision as Trustswap only locks team vested tokens .

Update :
   So HatchDAO exit scammed by pulling the liquidity and not using the locked Team tokens. Trusswap team and come out and issued a statement in their twitter account.

The Trustswap team have promised to look into their internal policy as well to see how they can safeguard from rug pulls like this in the future .
49  Alternate cryptocurrencies / Bounties (Altcoins) / Re: 💎💎💎 Lattice Bounty | LTX | DAG | Airdrop | 100k $USD 💎💎💎 on: September 28, 2020, 08:00:43 PM
Applied for telegram and twitter
50  Alternate cryptocurrencies / Altcoin Discussion / Re: The IRS offers reward to anyone able to break Monero and the LN on: September 28, 2020, 06:58:25 AM
According to an article on Cointelegraph, the US taxation agency (the IRS) is offering an attractive reward for anyone able to break the world's biggest privacy coin, as well as, Bitcoin's Lightning Network.

In a world where nothing is perfect, existing technologies have their own flaws. With this government initiative, the probability of compromising the XMR blockchain and the LN "Layer-Two" scaling solution becomes higher than ever. Of course, this is if someone is able to successfully crack into the aforementioned blockchain networks. Developers can easily counterattack government's efforts via a hard fork or something similar. However, by the time a fix is implemented, the government would've already exposed some users on the network. This raises some concerns, since it could threaten the privacy of people in crypto land.

Do you think the IRS will be able to find someone that will break into Monero and the Lightning Network? Or will it be impossible to achieve? What will be the outcome of crypto once it becomes compromised by government agencies? Your input will be greatly appreciated. Thanks in advance. Smiley

I read that the IRs are offering something like 650k for the one who breaks it. I wonder why the IRS are going such extent to break it . Too much use of it in money laundering and dark web ?
51  Alternate cryptocurrencies / Altcoin Discussion / Re: Why do people still fall victim to obvious scam? on: September 28, 2020, 06:52:54 AM
then the trader would not need our money because they can use their own money from profit.
That is the point, it is impossible for people to beg for other people's money if they are able to create higher profits. Stay careful, don't be hooked by signals and create fake profits, in fact they are just scammers.

As we see now the Defi trend are very hot today and most of new project are very clearly managed by scammer that hiding their identity but still so many peoples joined their project because they want to be part of the trending trend of Defi project. Which are lead to their loss. We all want to make some money but supporting scam projects will lead a bleeding market again soon.

Some people are joining the scams just to ride the wave. They think that they can get in early and get out before the dump. I personally feel that it is really really risky.
52  Alternate cryptocurrencies / Altcoin Discussion / Re: CoronaCoin More drama, third exit scam and discord deleted on: September 27, 2020, 11:42:58 AM

It is the third time 1 developer exit scams, they are making a new coin for a third time, i also think the developers have another project called Proof of Nature. Be carefull.

Why would someone go and invest in something called a corona coin. I wish people are smart and don't go chasing quick gains and end up losing their money to some scammer.
53  Alternate cryptocurrencies / Altcoin Discussion / Re: KUCOIN Hacked on: September 27, 2020, 11:41:34 AM
Singapore-based cryptocurrency exchange KuCoin today underwent a hot wallet hack, hacker managed to bring in about 157 million dollars, but luckily kucoin cold wallet is safe and all hacked funds will be completely replaced by kucoin.

Once again, cybersecurity is MANDATORY in the current crypto environment

Hacker wallet

It's really sad to see such a huge amount of money getting hacked. But what I see it looks more like a inside job or by some one who has access to hot wallets rather than a hack.
54  Alternate cryptocurrencies / Altcoin Discussion / Re: Forget bounties and Airdrops on: September 27, 2020, 11:40:10 AM
The biggest money making slot in crypto space is to be

1. a developer
2. build crypto wallets for new projects
3. find bugs in the system of many new projects

yes some paid for security breaching and all that stuff, rendering professional services is the best way to make money in crypto space now
Regarding the subject of airdrop there is a malicious malware circulating in the name of airdrop of wbtc in telegram. Be very careful about it as I heard it will make you delete the account.
55  Alternate cryptocurrencies / Altcoin Discussion / Re: Any metamask experts? on: September 27, 2020, 11:37:52 AM
If you have already added the eth address to the metamask with the private key loaded then all you need is input the metamask password and you should be able to transfer the funds .
56  Alternate cryptocurrencies / Speculation (Altcoins) / Re: AERGO. The opportunity of a lifetime. on: September 26, 2020, 11:08:30 AM
I just went through the Aergo project and its partnerships it does look very promising . The area of concern is when we will see the partnership available and using the mainnet. I am very hopeful of this project but this bull run looks like its too early for Aergo. Hopefully it is matured by the time of the next bullrun.
57  Alternate cryptocurrencies / Altcoin Discussion / Re: What's the future development direction and mode of DeFi Lending? on: September 26, 2020, 11:05:08 AM
I think most of the DEFI projects are solely concentrating on staking ,locking up the coins create a supply crunch and pushing the price high. I am not saying all projects are doing this but projects doing this definitely need to evolve in the long term.
58  Alternate cryptocurrencies / Altcoin Discussion / Re: bloody market on: September 26, 2020, 11:01:48 AM
Every crypto veteran is used of these kind of sudden price movements, but it still hurts a bit to witness it over and over again, I am not gonna lie. If you are here for the long run, you should learn how not to be phased when those fluctuations happen as this will relieve your stress levels and you will consequentially survive in this space for much longer.

yeah it does. The  up and down cycles are part of the market and I have got used to it. AFter all we are still in the game when bitcoin went from 20k to 4k . I hope that its part of chance to load up more in the projects you believe in for the long term.
59  Alternate cryptocurrencies / Altcoin Discussion / Re: [Tutorial] What is the Liquidity Pool? on: September 26, 2020, 10:58:31 AM
So when proportions in the network are changing (f.e. due to price change on CEX and arbitrage traders or large orders directly on swaps) algo is changing price to compensate this. So if I get this correct fallowing scenario is possible on high volatile coins:

1 ETH and 400 USDT (1 ETH is worth 400$ - total 800$)

ETH pumps x4 in short term ( lets say 4 weeks)


0.25 ETH and 400 USDT (1 ETH is worth 1600$ - total 800$ + small profit from fees)

So if I evaluate my wallet in USD (i'm looking for USD gains) than i'm fine (but without LP i would have massive gains intead of few $ from fees) but if I'm a ETH hodler than i'm down 0.75 ETH that i wouldn't be if i just hodl my coins in wallet without engaging in liquidity pool.

Talking about dump instead of pump we get opposite situation.

This leads to the conclusion that liquidity provider is very exposed to price changes and is not as safe as it is presented to masses. Only low volatile pairs like USDT/DAI are safe, but you are exposed to USDT exit scam with whole your wallet (DAI will be dumped to USDT that will become worthless). So if any of 2 stable coins that you have will 0 whole your wallet will zero. That is extra risk that might not be worth taking for 10% annually that in most cases is the actual ROI.

 Thank you for explaining this and the op for putting a explanation about Liquidity pools. I swhat you explained called impermenant loss in LP's?
 Is there any possibility that we lose value in USDT?
60  Alternate cryptocurrencies / Altcoin Discussion / Re: 51% Attack Against Blockchain of Ethereum Classic (ETC) on: September 25, 2020, 07:18:12 AM
Hijacking via the 51 percent attack on the blockchain is no joke. In fact it happened three times against the Ethereum Classic (ETC) blockchain on July 29 2020, August 1 2020, as well as August 6, 2020.

In the first attack, it was estimated that the perpetrator of the attack managed to double spend as much as 800 thousand ETC (equivalent to US $ 5.6 million). Meanwhile, the attack cost was equivalent to 17.5 BTC (US $ 204,000).

Reporting from Coindesk, Ethermine, Bitfly and Binance mining pools reported the reorganization. According to them all ETC withdrawal and deposit transactions have been suspended, because of the attack.

On Thursday, 6 August 2020, another attack occurred. The value is not yet known. However, with the US $ 23.44 block reward on Ethereum Classic, the attacker will likely have pocketed around US $ 93,760.

I find it really strange that a coin which has market cap so high is susceptible to 51 percent attack. Sure if a coin has a lowe mc and a low hashing power then fine but how can it happen for ETC.
Pages: « 1 2 [3] 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!