A little over 4-years ago when the merit system was newly introduced and merit was on everyone's mind I created a thread that would help the most deserving members get their fair share. That thread can be found here:
https://bitcointalk.org/index.php?topic=2819141.0. Pugman and I also started a
Q&A game to allow informed low-ranking members an opportunity to earn some merit in a unique way.
There was also a
signatureless campaign that I was a sponsor/coordinator for, which was another unique way for users to earn merit in a way that's beneficial to the forum ecosystem.
The reason I'm bringing this up is because this shows you the kind of posts that have earned my merits, with explanations and public discussion surrounding them.
I frequently browse a wide variety of boards: Beginners & Help, Meta, Marketplace, Services, Bitcoin Discussion, Project Development, Economics, Trading Discussion, Serious Discussion and a few others on occasion.
Here are 10-posts written in the past few months that I would give more merit to, if I could.
For completeness sake, since I already have a
topic where I walk through my main node's setup, I am creating this separate guide for backing it up.
I generally follow the official guides, with a few tweaks here and there where I think makes sense. This one here, is based on
https://lightning.readthedocs.io/BACKUP.html#backup-plugin-and-remote-nfs-mount.
It is worth noting that
v0.10.3 will have a built-in mechanism for backing up your LN database locally or on a network share, however it has not yet been released and I'm not sure there even exists a release candidate right now.
That's why I'd recommend continuing to use the tried and trusted
backup plugin written in Python.
It's worth noting depending on your hardware, it can be trivial to setup the system from the get-go to run on a RAID-0 array, which would mean a constantly up-to-date mirror of your boot drive, but this would be out of the scope of this little guide.
Part 1: hsm_secret backup.The
hsm_secret needs to be backed up once, e.g. on paper, best even multiple copies. Think of it as a seed word backup. It secures the on-chain balance, but we will need
Part 2 to always have an up-to-date backup of our channels' states.
[1] Switch to unprivileged
bitcoin user and extract the
hsm_secret. By using this command, it will open in the text editor and not be saved to your history for better security. It is
essential to now write down the hex data on a non-digital medium and afterwards closing vim without saving the file. Do so by opening vim's command prompt (colon), followed by
q!, so the whole command will look like
:q!↵.
[/list]
su - bitcoin
cd ~/.lightning/bitcoin
xxd hsm_secret | vim -
[1] Move to your home directory and clone the C-Lightning plugin repo.
cd
git clone https://github.com/lightningd/plugins.git
[2] Change into this new folder and install the required dependencies for the backup plugin.
cd plugins
pip install -r backup/requirements.txt
[3] Choose a location for your backup. It makes 0 sense to use a location on the same drive, so it either has to be an external drive (USB / LAN share) or a remote network share. Setting this up is again outside the scope of this guide. Let's assume the location is
/mnt/share/lnbackup.
[4] Stop the node and go back into
bitcoin user.
exit
sudo service lightningd stop
su - bitcoin
[5] Initial channel state backup
cd ~/plugins
backup/backup-cli init --lightning-dir /home/bitcoin/.lightning/bitcoin/ file:///mnt/share/lnbackup/backup.bkp
You shall get a result such as:
Found an existing database at /home/bitcoin/.lightning/bitcoin/lightningd.sqlite3, initializing the backup with a snapshot
Successfully written initial snapshot to file:///mnt/share/lnbackup/backup.bkp
Initialized backup backend file:///mnt/share/lnbackup/backup.bkp, you can now start c-lightning
[6] Add plugin to
lightningd.conf config file.
nano /home/bitcoin/.lightning/bitcoin/lightningd.conf
Simply add a new line with:
important-plugin=/home/bitcoin/plugins/backup/backup.py
[7] Now we can start up C-Lightning again!
exit
sudo service lightningd start
[8] If you get no errors starting up the service or anything, you're good! For good measure, you could send yourself some sats from a mobile wallet, restart the service with
sudo service lightningd restart and see if it's all fine.
- 2.
Disclaimer: The information's contained in this explanation is the result of my understanding of Ponzi Schemes and may contain some errors. Search and confirm about it.
Table of contents 1.
Introduction 2.
What is a Ponzi scheme? 3.
How Does a Ponzi Scheme Work? 4.
How to Recognize crypto Ponzi Schemes? 5.
How to protect yourself?IntroductionMost individuals who invest in cryptocurrencies want make some profits so the return on investment (ROI) is supposed to be one of the things to study before thinking about investing.
With the increase in projects and methods of investing in cryptocurrencies, the risks increased, and therefore risks must be redefined, the difference between them and Ponzi schemes.
What is a Ponzi scheme?The name goes back to Charles Ponzi who became famous for his fraudulent system of earning money, as he managed to defraud hundreds of victims.
Ponzi schemes work by paying profits to former investors with funds from newer investors and therefore the belief comes that profits come from product sales and thus continue to invest and the promise of generating high-value returns with little or even no risk.
In the end, other investors discover that they are the source of the funds and therefore they will not receive returns and they may lose their money.
How Does a Ponzi Scheme Work?The main point is that scammers never invest money that they redistribute investor money to believe that they are making profits, and therefore you need a steady flow of money to survive, otherwise they will run away with the money.
What makes this type of fraud appropriate in cryptocurrencies is the fact that scammers are more difficult to track and there is not enough regulatory framework to protect investors and thus may escape all investments without paying any returns.
How to Recognize crypto Ponzi Schemes?It is not an easy task, but there are some indicators and red Flags which make more likely the project is to be Ponzi Scheme than as an investment:
- Promises of high profits with zero risk: “The higher the risk, the higher the reward” When you hear that there are no risks, something is wrong.
- Consistent returns, regardless of the market condition: The yield from investing varies according to the nature of the market, but when a project talks about double profits in a short period, regardless of the market.
- Lack of transparency: how to get profits, the nature of the investment, who the investors are, information about them. They try to sell you dreams without providing detail about them.
- Don’t offer real products or services: Often the investment is a dream, but there are no real services.
- Increasing minimum investment: These projects need to grow rapidly, and therefore they need to increase their capital, which is higher than the minimum withdrawal amount.
- It comes through someone with a shared affinity: Often these projects come from a well-known personality or someone you trust and thus reduce caution and search for them, sometimes they lie to developers or give false information.
How to protect yourself?- Be skeptical: Ask a lot, understand how you benefit from the investment, how the project works, read about them and ask people in this forum or who you trust.
- Do not trust. Verify: Do not trust the opinions of experts, and do not listen to all details without checking them.Ask for registration information, legal papers and verify that they are correct.
- Check out the seller, white paper, developers, their road map, and all the details: Scammers are always lazy so you will find some errors or misinformation.
- Understand the investment: Do not invest in things you know nothing about.
3.
Due to many accusations related to exchanges comes up, I decided to continue the
previous work from @Raja_MBZ and he allowed me as discussed in PM. I will keep updating each month(s) or per quarter depends on my busyness and also I will keep constantly bumping this thread as long as I can. With this thread I hope anyone will know how many accusations with the exchanges and how safe to use it, feel free to share this thread if you see someone asking about reputations of an exchanges.
Compilation of all "Scam Accusations" threads related to exchanges V.2
Name | | | Total no. of accusations | | | No. of major accusations | | | Compiled list URL | | | Last updated | | | Additional notes |
|
| | | 9 | | | One | | | | | | February 2022 | | | Scam accusations are related to giveaways. |
|
| | | 33 | | | Eight | | | | | | February 2022 | | | Scam accusations were mostly posted in late 2017. |
|
| | | 2 | | | Zero | | | | | | March 2020 | | | Not many scam accusations around. |
|
| | | 8 | | | Two | | | | | | February 2022 | | | Even though many people recommended this exchanges due to no KYC, you should still be careful while trading at Kucoin because of their shady (and empty) head office |
|
| | | 2 | | | One | | | | | | August 2019 | | | Both the accusations were posted back in 2017; not a single accusation has been posted in 2018 and 2019. |
|
| | | 2 | | | Zero | | | | | | August 2019 | | | It "seems" like Huobi doesn't have any intention of scamming anyone. |
|
| | | 48 | | | Eleven | | | | | | February 2022 | | | Had a tough time compiling the list of this one. It's just amazing, they've scammed way too many people and traders still use it for trading. |
|
| | | 115 | | | Thirty one | | | | | | February 2022 | | | |
|
| | | 15 | | | Four | | | | | | December 2021 | | | It seems like there aren't many scam accusations around. However, do keep an eye on updates of this case. |
|
| | | 0 | | | Zero | | | | | | September 2019 | | | |
|
| | | 1 | | | One | | | | | | September 2019 | | | Looks safe. |
|
| | | 0 | | | Zero | | | | | | September 2019 | | | It's an Indonesia-based exchange, with quite a few traders. No scam accusation was found. |
|
| | | 0 | | | Zero | | | | | | September 2019 | | | Owned by Kucoin.com. |
|
| | | 0 | | | Zero | | | | | | September 2019 | | | |
|
| | | 4 | | | Three | | | | | | September 2019 | | | Three major accusations but they do have some weight. Make sure you have a look at them before trading at BaseFEX. |
|
| | | 0 | | | Zero | | | | | | September 2019 | | | No scam accusations were found. |
|
| | | 4 | | | Zero | | | | | | December 2021 | | | No major accusations were found. |
|
| | | 0 | | | Zero | | | | | | October 2019 | | | Low-volume exchange. Be careful while depositing funds in a large amount. |
|
| | | 2 | | | Zero | | | | | | October 2019 | | | No recent accusation was found. |
|
| | | 1 | | | Zero | | | | | | November 2019 | | | Looks fine with only one scam accusation posted. |
|
| | | 0 | | | Zero | | | | | | November 2019 | | | No scam accusations were found. |
|
| | | 27 | | | Seven | | | | | | February 2022 | | | The Poloniex's contribution to crypto's trading volume has decreased substantially, and a lot more traders (if compared with their current statistics) used to trade their back in 2016/17. So most of the scam accusations are quite old and not very relevant in 2019 as even the ownership of Poloniex has changed hands. |
|
| | | 6 | | | Two | | | | | | February 2022 | | | Not many scam accusations around but it's a low-volume exchange, so remain a bit careful with your funds in there! |
|
| | | 7 | | | Four | | | | | | February 2022 | | | Trading on a platform that fakes almost 99% of its volume shouldn't be recommended. |
|
| | | 5 | | | One | | | | | | February 2022 | | | Be careful while trading on this exchange as they clearly fake out the trade volume. |
|
| | | 2 | | | One | | | | | | February 2022 | | | Fake volume exchanges, watch out. |
|
| | | 1 | | | Zero | | | | | | February 2022 | | | It's a low-volume exchange so it's not recommended to trade with big amounts. |
|
| | | 1 | | | Zero | | | | | | February 2022 | | | It's a low-volume exchange so it's not recommended to trade with big amounts. |
|
| | | 5 | | | Three | | | | | | February 2022 | | | Low-volume exchange and be careful it has a relation with 1xbit known scam casino |
|
| | | 0 | | | Zero | | | | | | January 2020 | | | No scam accusations were found. |
|
| | | 1 | | | One | | | | | | January 2020 | | | Looks fine but for small volumes. |
|
| | | 8 | | | Two | | | | | | January 2020 | | | It seems like they had some sort of Ethereum (and ERC20) deposits related issue a couple of years ago (which I believe is no more present). As it's a low-volume exchange, trade with low-funds only. |
|
| | | 0 | | | Zero | | | | | | February 2020 | | | Low-volume exchange. Be careful while depositing funds in a large amount. |
|
| | | 10 | | | Three | | | | | | February 2022 | | | Most of the scam accusations are from 2017/2018. |
|
| | | 4 | | | Zero | | | | | | February 2022 | | | Not many scam accusations around. |
|
| | | 0 | | | Zero | | | | | | February 2020 | | | Low-volume exchange. Be careful while depositing funds in a large amount. |
|
| | | 1 | | | Zero | | | | | | March 2020 | | | By blockchain.com. |
|
| | | 0 | | | Zero | | | | | | March 2020 | | | Zero scam accusations. |
|
| | | 30 | | | Zero | | | | | | February 2022 | | | The accusations mostly on 2013, 2014 and 2015. |
|
| | | 5 | | | Zero | | | | | | February 2022 | | | Old exchanges with decent popularity. |
|
| | | 0 | | | Zero | | | | | | February 2022 | | | Zero scam accusations. |
|
| | | 1 | | | One | | | | | | February 2022 | | | This is old accusations, there's no accusations has been found now. |
|
| | | 3 | | | One | | | | | | February 2022 | | | This is old accusations, there's no accusations has been found now. |
|
| | | 0 | | | Zero | | | | | | February 2022 | | | Zero scam accusations. |
|
| | | 4 | | | Two | | | | | | February 2022 | | | Low volume exchanges, don't use for big amount money. |
|
| | | 0 | | | Zero | | | | | | February 2022 | | | Zero scam accusations. |
|
| | | 2 | | | Two | | | | | | December 2021 | | | Inactive |
|
| | | 8 | | | Five | | | | | | December 2021 | | | Inactive |
|
| | | 1 | | | One | | | | | | February 2022 | | | Inactive |
|
| | | 21 | | | Eight | | | | | | December 2019 | | | Inactive |
Note: An accusation is not a major one if either it belongs to someone having less than 5 merits or it's not a part of personal funds at the exchange. Moreover, if there's any merit to any of the accusations, it'll be considered as major. So if you feel that you're seeing an accusation which is not being considered as major, just give that accusation a merit and it'll be counted as major.
4.
Everyone tells you to stop spamming but no one tells you how to stop spamming. So some tips,
1) Post quotaThe moment you lock yourself to some limit that I got to make this much posts you lose the creativity.
You concentrate more on how many words/characters you wrote, and/or on using filler words than actually trying to be helpful to somebody.
2) Read the title, is it interesting to you?Don't open random topics for sake of fullfilling quota.
When you find interesting post, the comment will automatically flow through you.
Where to find interesting topics?Subscribe to boards you may be interested in. If you are not comfortable in English, there are local boards.
3) Look at number of pages on postSpecially in Altcoin/Bitcoin/Gambling discussions, if you see several pages, then it's likely that op is not looking for your input anymore and you will just be participating in spam fest.
It's advisable to reply only to topics which are on first 3 pages. Also, read previous replies, so you don't repeat what has already been said.
4) Proper quote replyOnly quote the part you are replying to. It looks much cleaner and is pleasurable to read for viewer. When you look at reputable people of the forum you would see they always quote relevant part then reply.
5) FormattingDon't make mush of sentences, use common grammar practices such as fullstop, comma, dashes - format words wherever necessary, if url is too big then use
url tag, unsure about spelling? Search up on Internet, etc.
6) Quick re-readBefore submitting a post, does it look like post would be useful to yourself if you were in place of reader?
5.
Disclaimer: I own some bitcoin and this is not investment advice.Source:
https://omid-malekan.medium.com/it-is-time-to-own-bitcoin-909b683dff51information provided below is a summary of that article and may be slightly different from the author's point of view.
Please refer to the source.
Sure, the crisis in Ukraine made things worse, but consumer prices in the US and around the world were already rising before the invasion. This inflation, like most inflation, is primarily a monetary phenomenon, and those who blame it for problems such as supply chain disruptions are only telling half the story. Case in point: 2021, the year that ended 40 years of high inflation, also saw record global trade, with 13% more goods delivered via global supply chains than before the pandemic.
Bitcoin is attractive at this time because it is the first currency in history whose supply is controlled by a decentralized protocol, and thus, its core inflation has been fixed. This is a stark contrast to all the other coins out there, where central bankers in day trading are printing money with less deliberation than a group of friends who decide to have dinner.
Bitcoin's inflation hedge isn't just about the direction of interest rate movement, it's about the race between rising prices and (exacerbating) inflation. For example, if the Fed raises short-term interest rates from 0 to 2%, but inflation peaks at 10%, then dollar savers are still losing significant purchasing power. So the question we have to ask is whether central banks around the world have the resources to raise interest rates enough to tame inflation, especially now that it has been rising faster because of the war.
Resisting Bitcoin Censorship and Apolitical Structure in a Time of Fragmented Global Monetary System. The economic response to Russia's vicious invasion of Ukraine - regardless of its merit - represents a fundamental change in how countries interact with one another. It calls into question the dollar's standing as a reserve currency, a trend that began slowly unfolding decades ago but is now accelerating.
The unprecedented freezing of Russia's foreign exchange reserves is something that will stop every other country that has large dollar reserves but pursues policies opposite to American ideals, such as Saudi Arabia and China.
What they need is something neutral like gold that can be converted as easily as dollars but without having to rely on a politicized banking system. Now there is a blockchain for that.
Bitcoin's apolitical structure and resistance to censorship, whereby no one can block access to anyone, makes it a potential candidate. I say potential because there are many unknowns about how to use it as a reserve currency and international trade
After several years, we can see a situation where many central banks hold a small portion of their BTC reserves, partly to benefit from its rise against inflationary currencies like the dollar and the euro, and mostly so that they can make payments regardless of the geopolitical situation. If this fact materializes, we will see countries, good and bad, adopt bitcoin - as is the case with the dollar today.
Owning Bitcoin is not only a sound investment strategy but also a way to perpetuate something positive: funds designed to benefit the user, not the source.
The author of the article presented the arguments represented by the inflation crisis, the freezing of funds and assets, the decentralization of Bitcoin and the need of many countries for Bitcoin as part of their reserves.
If countries put less than 1% of that money into Bitcoin, we could see global adoption.
6.
Table of contents 1.
What is Network Effect? 2.
Does the network effect really have an economic value? 3.
Types of network effects 4.
Network effect examples 5.
Network effect and BitcoinHave you ever wondered what would happen if people stopped using Bitcoin? Certainly, its value will decrease and may reach zero, since it is no longer used by many people. Sure, other factors come into play, but since there are so few users, it has little value as a service.
What is Network Effect?Network effect is an economic effect whereby new users add value to the network by entering the network. This in turn motivates new users to join the network, add more value to it, etc.
Network effects are important to consider when it comes to cryptocurrencies. Money and blockchains ultimately organize people, so the more people use the network, the more benefit it can provide as a service and therefore when you find networks that not many people use it is better to avoid investing in them.
Does the network effect really have an economic value?The phone is the quintessential example of the network effect. In the early days, very few people had phones in their homes. Furthermore, their homes must be physically connected to each other to use the network.
As technology matured, more and more people could purchase a telephone, which in turn increased the value of the entire telephone network. As the number of users increases, so does the value and usefulness of the entire network. As more people join, more value is added to the entire network. Increased use has led to exponential growth.
Types of network effectsIn general we can consider that there are two main types of network effects - direct and indirect network effects.
- Direct Network Effects: This is what we just discussed above in the phone example.
- Indirect network effects: These refer to the additional, complementary benefits that result from having a network effect in the first place. For example, the open source Electrum wallet.
The increased use of software will prompt more skilled developers to proofread the code since there is a lot of value at stake (including their own). This added value comes from having so much value in the network in the first place. This effect begins to multiply, and we reach dominant leaders who are building significant network effects over their competitors.
Network effect examplesNetwork effects can have an impact on a number of different product categories. One such obvious medium is social media, where users tend to join services used by their pre-existing social networks.
The same applies to Ebay and Amazon with online sales, Google with Internet search, AirBNB with online leasing, Microsoft in enterprise operating systems, and Apple with iPhone.
Network effect and BitcoinBitcoin has some highly desirable characteristics, as well as a strong network effect.
Miners support network security and have a large liquidity to maintain their operations. But let's say another network is launched that aims to serve a similar use case for Bitcoin. Miners may get higher rewards but will not have the same liquidity to exit their positions. They can take risks and hope that the liquidity will improve in the future.
At the current stage, the influence of the network has a major role in the growth of some cryptocurrencies and an insane increase in their price in a short period.
Sourceshttps://academy.binance.com/en/articles/what-is-a-network-effect
https://online.hbs.edu/blog/post/what-are-network-effects
https://www.applicoinc.com/blog/network-effects/
https://www.nfx.com/post/network-effects-manual/
https://www.youtube.com/watch?v=aoeal3ljnqw
7.
Table of contents 1.
What is Cryptocurrency Spoofing ? 2.
What is its impact on the market and price? 3.
When is Spoofing effective? And when is it not? 4.
Is spoofing illegal?Have you wondered how whales deal in the markets and those crazy influences and powers they have?
Below we will explain to you one of the cheating methods.
Warning: Spoofing is an illegal strategy in equity exchanges. When you buy or sell a cryptocurrency, it has some hallmarks of trading official currencies, such as the Euro, U.S. Dollar, and Japanese Yen.
What is Crypto Spoofing?Crypto Spoofing is one way to manipulate the market by placing fake orders to buy or sell assets, those orders are usually used by trading bots or algorithms to place buy or sell orders automatically. When the orders are close to being fulfilled, the bots cancel the orders.
The main idea is to try to create a false impression of more and more people buying and therefore a false impression that there is a demand for the currency, which means that the price will go up and will continue to rise. Then, when the market approaches the level, they withdraw the orders, the price continues to go down and with it all the money Investors who entered the market from this base.
What is its impact on the market and price?The reaction is often straightforward because there is no great way to tell if it is real or fake orders especially if it is accompanied by some of the patterns that traders are looking for such as when significant resistance are broken.
lets take our current Bitcoin price we have a strong resistance level at 50k. It is where we might expect sellers to bid for the sale of their property. If the price is rejected at a resistance level, it can drop sharply. Which is the ideal point and therefore when buyers see huge sell orders above this important technical level, they may be less encouraged to buy aggressively at this level.
When is Spoofing effective? And when is it not?It can be effective between different markets which are all related to the same underlying instrument. Large fake orders in the derivatives market may affect the spot market for the same asset and vice versa.
It can be less effective when there is a higher probability of unexpected market movements.
For example, in the previous example, if a strong spike occurs and the fear of missing out (FOMO) among retail traders suddenly leads to massive volatility, fake orders can quickly fill up in a matter of seconds.
But they all depend on the specific market environment and many other factors that are mainly linked to the platform, so using unknown platforms with low trading volumes will increase your deception in this way.
Is spoofing illegal?Spoofing is illegal in the United States. The U.S. Commodity Futures Trading Commission (CFTC) is responsible for overseeing spoofing activities in the stock and commodities markets.
In the U.S., spoofing is illegal under the Dodd-Frank Act of 2010 Section 747. The section says that CFTC can regulate an entity that
demonstrates intentional or reckless disregard for the orderly execution of transactions during the closing period; or is, is of the character of, or is commonly known to the trade as, ‘spoofing’ (bidding or offering with the intent to cancel the bid or offer before execution).
Read more:
https://www.federalregister.gov/documents/2010/11/02/2010-27547/antidisruptive-practices-authority-contained-in-the-dodd-frank-wall-street-reform-and-consumer
Sourceshttps://cleartax.in/g/terms/spoofing
https://www.federalregister.gov/documents/2010/11/02/2010-27547/antidisruptive-practices-authority-contained-in-the-dodd-frank-wall-street-reform-and-consumer
https://academy.binance.com/en/articles/what-is-spoofing-in-the-financial-markets
https://cryptocurrencyfacts.com/cryptocurrency-and-spoofing/
8.
Table of contents 1.
Introduction 2.
How to spot Digital goods scammers 3.
How to avoid scammers?IntroductionScam occurs daily because new members think that all high rank accounts are trusted.
The forum provides a set of warnings, most of them help you to avoid well known scammers and not how to avoid/detect it.
This guide will enable you to learn how to spot Digital goods scammers.
It's not free, the price is 1 Sat, order now.
How to spot Digital goods scammersGift card sellers using unknown Auto-buy links:Never buy using these links, as they do not contain any escrow conditions or a refund policy, in short, they deliver the money to the seller without any conditions.
sellers with auto buy links are scammers until proven otherwise. Auto buy links include:
locked or self moderated topicsIf there is no reason to lock the topic (such as the end of the product) this is a strong indication of scam.
If the topic contains autobuy selling links and locked topics/self moderated, scam is proven.
Exaggerated cuts/ TOO good to be true:They want to make buyers crave a quick profit from buying cards at 1% of their price, or 10%. Incredible cuts like this.
Never deal with anyone before checking his trust page:Sign in or create account to check trust page and read all Trusted and Untrusted feedbacks.
Do not download any unknown app/file/Docscammers give you free software with back doors to steal in the future.
New accounts/ Changed password/ wake up:If the user selling something of high value and the account is new/Changed password/email has been changed, make sure it is a scam.
ask him for old signed message will not protect you.
Ignores escrowThey reject any request to use escrow either by ignoring it or claiming to be reliable sellers.
If the seller refuses to use escrow, he is a scammer.
Asks for half/full payment firstNo one asks you to pay first, unless it is trusted. If he refuses to accept escrow, then he does not trusted do not pay him.
How to avoid scammersAlways use EscrowDeal using Bitcointalk siteAvoid send payments to Telegram, skype, email accounts. ask them to use Bitcointalk PM service.
Report any suspects using
Scam Report Format.
9.
Table of contents
...
10.
"Quid pro quo"
What is the goal?Empyria is a red-hat-style BTC ethical hacking team.
We find pleasure in using aggressive state-of-the-art cracking techniques.
To purify our toolkit, we systematically publish our legacy methods.
Over time, this purification will immunize cryptocurrency communities, and promote the underlying forum in search engines.
Basic terms:The
exploit is the code that contains your will.
The
API (Application Programming Interface) is the door your exploit enters a financial application.
Cracking exchanges involve one or more of these exploits and send them to APIs.
Exploits have two major categories per API: CeFi and DeFi.
CeFi (Centralized Finances) ExploitsCentralized Finances are financial applications where the owners are definite companies or individuals.
We consider these apps centralized.
We can steal all money from the system if we compromise the owner (=center).
One of Bitcoin's main goals is to absorb this weakness.
Below you find our public CeFi exploits:
- Low Liquidity Elevation of Privilege (LLEP) - API Cracking on Binance
https://bitcointalk.org/index.php?topic=5383676.0
DeFi (Decentralized Finances) ExploitsBitcoin distributed the ownership of finances.
Anyone can become a BTC owner, and every BTC owner is equal.
There is no central owner we can hack.
So, we consider these applications decentralized.
DeFi exploits usually target "hubs and Joes."
Hubs are platforms (exchanges, games, wallets, marketplaces, chat rooms, and so on.) where DeFi users meet.
"Joes" are your average "DeFi" users who bought crypto and skipped their security classes.
Needless to say, "hubs" are often developed by "Joes."
Below you find our public DeFi exploits.
- Liquidity Pool Block Exploit
https://bitcointalk.org/index.php?topic=5380640.msg59011949#msg59011949
- Transfer Block Exploit
https://bitcointalk.org/index.php?topic=5380640.msg58947334#msg58947334"Loyalty is value."
[TUTORIAL] How to steal(back) $350 000? 👾 Smart Contract Malware Analysis~ Crack/Disassemble/Debug/Reverse Engineer Smart Contract Malwares ~Have you lost your belief in crypto?...
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