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Messages - Lucius

Pages: [1] 2 3 ... 28
1
Such cases only prove that people who have a lot of money are not necessarily intelligent - because losing money in such a trivial way would be really shameful for me personally. Without going into the details of the case, if I had tens of millions of dollars worth of coins and if I were to do such an extremely valuable transaction, I would check everything at least ten times - not to mention that the use of a hardware wallet would be mandatory.

The hardware wallet allows us to check whether the address in the interface is identical to the one that came from our device, which means that something like this can never happen to us. I would say that people learn best from their own mistakes, even though this one would be extremely expensive - although there is a suspicion that the story was made up so that the owner could avoid paying taxes - and it is not the first time that people have pretended that they were hacked, and in fact they just transferred coins to another address that is still in their possession.

2
Apart from all the could, can possible in that article there is one thing that really made me raise some eyebrow

Quote
Michaël van de Poppe, founder of trading firm MNTrading, suggests that Bitcoin’s dominance may have peaked as traders begin to shift liquidity to altcoins. Crypto trader Matthew Hyland echoed this, highlighting that Bitcoin market dominance is losing major support.

WTF is this guy smoking, Bitcoin is all over the news and there is like no talk about altcoins whatsoever, everything is about Bitcoin, Bitcoin ETF, bitcoin bonds, approval and regulations, no coin is coming even close to the spotlight and he thinks that altcoins are driving the market. One hiccup from the king and everyone is in red but lol, Bitcoin is losing dominance. Good luck keeping the market in the green with PEPE.

These guys obviously have their own vision of how the crypto-market works, and it is not excluded that they try to direct those who read in the direction of investing in altcoins by selling them the story that Bitcoin is losing its dominance. I have always called articles like this cheap PR, because in reality, when you look at it, some people just want to promote themselves and their business in such a way that they will say something that people will discuss.

Logical thinking is not the forte of such people - I always remember the famous Tom Lee, whose statements could be used to write a book called "A Hundred Wrong Speculations" ::)

3
Yes, it's awful! Our government hasn't yet accepted Crypto as a legal form of monetary system! But that doesn't stop us from using it, though. A lot of guys are using it at this very moment, mostly the young generation (but in secrecy).
~snip~

If there are ways for "them" not to find out, and if you and others know that what you are doing is not bad (regardless of what they tell you), then I personally would not care about any bans. Of course, this implies being intelligent to avoid any possible punishment, but also that everyone knows their personal possibilities when it comes to achieving their personal safety. I don't know what the punishments are for those caught working against the law, but as long as it's not the death penalty or prison I wouldn't worry too much.

At this moment, I only try to teach those who won't get the wrong idea or mixed feelings about my work (crypto). Basically my family! :D

Family is important, but try to keep your "business" as private as possible, because there are always people who can use such information to do something bad. If you have already told your family something about it, be sure to teach them that such things should remain within the family.

4
Gensler is obviously a man who has a negative attitude towards cryptocurrencies and this is something he has expressed many times. When you add to that that there is a lot of truth in what he says when it comes to crypto-scam, then his personal beliefs have a reflection in relation to his official duties as well. In addition to all this, it can be seen that a good part of American politicians are quite anti-crypto-minded, and that there is a strong lobby that advocates much stricter measures and regulation when it comes to Bitcoin and all other cryptocurrencies.

I am definitely in favor of doing everything possible to reduce the chances of scams in the crypto-industry, but not in the way of saying that they are all bad and going towards complete bans. In any case, there should be some order on the market, even though I do not approve of going in the direction of disabling any kind of privacy when it comes to any services that enable it.

5
I'm not sure why he immediately got - karma, I guess everyone has the right to open an ANN thread for their service and that first post certainly does not deserve - karma.
~snip~


Maybe for the reason that some don't know what karma points are supposed to be used for - and they would know that if they had read the rules. Apparently, someone didn't like the fact that a new mixer appeared, so they think that with -1 they are doing a favor to the mixers they promote.

Given that old mixers disappear one after another, every new one that appears deserves a chance - which does not automatically mean that it deserves instant trust.

6
Bitcoin Forum / Re: What Happened To Bitcoin?
« on: May 07, 2024, 05:08:51 PM »
So, I feel confident in saying that the adoption of BTC as everyday money - 15 years after its launch - is basically zero.
Where I live, if my only money were BTC I'd starve.
Or have a very limited, exotic diet  :D
As an investment, BTC has been a success story.
As a currency, a failure.


I would not agree that the adaptation in terms of using it as a currency is completely zero - but that it still depends on where you are and how big the crypto community is around you. If there are enough people who want to pay with crypto-currencies and they organize themselves and visit merchants with a request to add such a payment method, sometimes it happens.

I don't know how familiar you are with the example of Arnhem Bitcoin City, but I heard that there are similar places in the EU where Bitcoin really took off because people asked for it and sellers recognized it.

Imo BTC has failed as currency because of its volatility.
Think of a business - a dentist, barber, taxi driver, shoe seller - having on average a 3-5% profit out of each transaction.
Accepting BTC he could lose - given BTC volatility - all of that within 1 day.
Nobody likes to work for nothing.
Why take the risk.
Why accept BTC and then be forced to convert it as quick as possible in a stable currency.


Volatility is an advantage when trading, but of course a disadvantage when paying with Bitcoin - but that's why there are payment processors that serve to overcome that problem. The buyer pays with cryptocurrency, and the seller gets fiat, so it's a win-win situation for both.

It is true that there are not too many physical stores that accept BTC because we also have the problem that on-chain transactions are not instant, but that is why we have thousands of online sellers that accept BTC. Imagine living in a country where you can buy almost anything you want for BTC, and you don't have to pay taxes if 2+ years have passed since you invested in any cryptocurrency - it seems unrealistic, but it's true ;)

7
Cryptocurrency discussions / Re: Again, Don't Ignore Security
« on: May 07, 2024, 04:47:29 PM »
If nearly everyone knows all about security measures. If this info is being repeated basically daily on all large crypto forums and in article on numerous webpages, why people still get into troubles? Why people still lose their money? Still keep importand files on emails or desktop, still use qwerty123 like passwords and etc. Some even repeat mistakes and lose their money several times. I have been thinking about this and still havent found any explanation for reckless actions.

In general, how many people are active on the forums or read anything? I think that this is a very small percentage of people and that the majority of those who invest in cryptocurrencies have very limited knowledge, even of the basics of computer literacy.

It should be taken into account that education systems differ greatly from country to country, or perhaps even from continent to continent. In some countries like India, many are uneducated because there simply aren't enough schools, and in one documentary I heard the information that that country should build one new school every 10 minutes to provide everyone with an education.

Of course, even those who are educated are often careless and rash, and when we consider that scammers use the possibilities of the internet to target their targets anytime and anywhere, then it is logical that many will fall into at least one of the countless traps they set.

8
In addition, OpenSats seems to support so many project[1][2]. So i expect it's only enough to make those project keep running and maintain most important feature.

A very interesting list of projects, and it is especially interesting that Tor is one of them - which might explain why others are less generous or restrained, given that this project is not very popular with those who fight against privacy. Of course, Tor is not the only project that makes privacy possible from that list, so every donation is not only valuable in a monetary sense, but also shows who is in all this just for money, and who has other goals as well.

9
We can only hope that the donation will contribute to the realization of some new ideas, although I wonder how much can actually be done with so much money? Of course, for an ordinary person it is a large amount, but for some big things (projects) it may still be too little considering that those who fight against privacy have unlimited funds.

However, Jack has shown that he is much more generous than some others, and maybe this will encourage some others to be a little more generous.

10
Unfortunately, after the halving occurs, the price of bitcoin continues to fall and nothing can trigger the price of bitcoin to rise again. As I said before, after the halving occurs, it will definitely go down because it is clear that market conditions are not as usual.

It is not very wise to use the words "nothing" or "impossible" when it comes to Bitcoin, because the price has already reached $65 000 again today. What many people do not understand is that the market is two-way, which means that those who buy BTC at some point decide to sell it - and when we have such big players as spot ETFs that trade large amounts of BTC daily, then no one should be surprised that the price can change by 10-20% in just a few days.

11
Cryptocurrency discussions / Re: Again, Don't Ignore Security
« on: May 06, 2024, 03:15:48 PM »
In 2023, scammers managed to steal a staggering $4 billion in crypto. Now let's do our best to ensure that when they tally up the numbers for 2024, you won't be a part of that statistic.

Regardless of where these data came from, you should always keep in mind that only a small part of the victims report that something happened to them, which means that the amount is much higher. We can only guess whether most of these victims are just uneducated and naive people who invest in something they have no idea about, or whether the criminals have organized themselves to the extent that they are successful even with those who have experience.


~snip~
- Never reuse passwords
- Stop downloading sketchy content from the internet
- Consider using hardware wallets for enhanced security
- Safely store away seed phrases
- Avoid visiting suspicious websites
- Verify contracts in the explorer

These measures may seem elementary, yet it is astounding how easily they can be disregarded when one is fixated on chasing the "next 100x" gain.


I would also add that you should be careful of all those who hunt their victims through social networks, presenting themselves as "hot girls" who have great offers for investing in cryptocurrencies, or have some other story with which they will try to get as much money out of you as possible.

Not so long ago I read an article about how the authorities in the Philippines (if I'm not mistaken) found a slave farm with people who were forced to do exactly such things. This only shows the scale of these operations, and that those on the other side are often forced to do things they don't want to do.

12
Karma is basically worthless here - it is not as large as in Bitcointalk, it won't help you get into any campaigns, and nobody really cares much about it in general. I don't know why someone would waste their time farming karma on this forum.

I would not agree with your opinion, because although karma is not like merits in the technical sense, the number of positive karmas is an indicator of how much other members value someone's contribution on the forum. Therefore, I would not underestimate that feature of the forum, and that is certainly the case with those mentioned here.

In addition, our manager keeps statistics on the number of karma of each campaign participant, which is another thing that does not support your thesis.

13
The Metamask fakes are the worst.
~snip~


I had no need to ever use that wallet, especially when it only had a browser version it seemed like a really bad idea. But over the years I have read a lot of stories that had a very bad ending when it came to this wallet.

To me, the most "dangerous" are those phishing e-mails that want to steal seeds from hardware wallets, and some were really clever in their intentions. Not only the naive fell for this trick, but also those who panicked that they would lose their coins due to hardware failure and entered the seed on the phishing website without thinking and were left with nothing.

Fortunately, most of these so-called "hackers" are not very innovative in their methods, which only shows that most of them are amateurs who have very little success in their dirty work.

14
The best strategy is not to be greedy, in other words if you are in all this just for profit you have to determine your exit point in advance. Some people are satisfied if they earn 50%, others will be completely satisfied with 100%, some others will seek a much higher profit - but in the end you should be realistic and not ask for the impossible.

There is no doubt that many have the goal of $100 000, so although we believe that it could happen this year or next year, those who are waiting for just such a moment risk not seeing it again.

15
I'm quite dumbfounded at how you guys are still praising him. Are you a Binance user? CZ most likely sold you (and thousands of users) out already in exchange for his light sentence. He's not strong but wise enough to bend to authorities because there was a strong evidence against him. He's obviously happy that he got only 4 months that's why he can speak positively about his situation.

Over the years, I got the impression that the majority of the crypto community in CZ sees some kind of savior of the world who, in addition, fights against the system by enabling people to trade with cryptocurrencies without KYC, which was the case with his CEX for a long time. When someone creates such an image of himself and allows people to profit from it, they will stand by him regardless of how serious the accusations are.

As I already wrote, 4 months is the sentence you buy if you pay a $4+ billion fine - and money is obviously the most powerful weapon you can have in the US, and of course the fact that you are ready to snitch on everyone around you.

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