follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here

Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - NotATether

Pages: 1 ... 8 9 [10] 11 12 ... 15
136
News related to Crypto / Re: Binance founder Changpeng Zhao sentenced to four months in prison
« on: May 02, 2024, 12:01:37 PM »
Quote from: Stompix on April 30, 2024, 10:45:33 PM
As I said a few days ago, the lighter the sentence the more likely he gave them everything and ratted everyone

I wonder if this means that SBF and co. will get even longer jail sentences as well as everyone else who Binance dealt with who has now been arrested.

Quote
Quote
Judge Richard Jones told Zhao that there were a number of mitigating factors in his sentencing, including that he had cooperated with law enforcement.

I'm really curious if after 4 months he will just go underground and stop every social media interaction, much like Jack Ma did when China got angry at him.
Time will tell, either way, there was no chance he would face the maximum prison term, after all, he came willingly to the US to be prosecuted.

Why would he do that though. As far as I know, he's not a representative of China's tech industry so he would have nothing to fear from them. And obviously he is not scared of the United States either as Binance is not even based there.

137
Cryptocurrency discussions / Beware of airdrop-related phishing emails
« on: May 02, 2024, 11:38:44 AM »
Now, as some of you reading this know, I am a well-off person who doesn't need to scrape airdrops in order to live. But recently, I have started to receive many phishing emails from people looking to take over my Github account. The messages go something like this:

"We see you have contributed to web3.py [this is true] and that you are elligible for a XYZ airdrop [or some other acronym] so please allow me to use your Github account for 10 minutes so that I can help you claim it."

Or other times its "Please give us money so that we can claim the airdrop for you."

Now I have not attempted to claim any airdrop or reply to these people but what I am certain is that someone, somewhere, has indeed added me to an airdrop. Maybe this one: https://airdrops.io/starknet/

But I'm not going to take any of them. I don't care about airdrops and I'm jsut writing this to warn you guys of similar phishing attempts I have received in my mailbox.

138
Bitcoin Forum / Re: [Edu] Bitcoin Wallet UTXO and Consolidation V2
« on: May 02, 2024, 11:31:19 AM »
It's not just very common, it's everywhere in a transaction.

All transactions must have at least one input and one output. That "output" is going to be someone's (or your) new UTXO, and those inputs are your UTXOs that you are spending.

The increase in fees when you spend multiple UTXOs in one transaction is going to be a little larger than when it only has one UTXO, but it will be cheaper than spending each of those UTXOs separately.

139
News related to Crypto / Re: Samourai Wallet seized and founders arrested
« on: May 02, 2024, 10:42:33 AM »
Quote from: Charles-Tim on May 02, 2024, 09:52:24 AM
I have a brother, he messaged me on Whatsapp recently but from how he  was chatting, I knew he was not him. His account was compromised, not him but a scammer. The scammer is using it to contact people he (my brother) saved their contact. He asked me for money and he gave me a bank that you will think you will be able to trace. But if you trace it, it will be linked to an innocent person. I did not even know the bank or what it is. But I know there are many fake KYCs this days on the online banks that you can open directly on your device without going anywhere.

Their fiat system or monetary system is a failure against scam, money laundering, terrorism, banditry and other criminals activities.

The matter of fact is that these are exactly the kinds of fraud that need to be cracked down on, but since it is "expensive" to go and track every single person doing these things who are in different countries, as well as "inconvenient" for the platform owners who will lose money as a result of lack of revenue made by having these scammers as users, nothing is done about it. Private company interests (which are just money, money, and more money) always get in the way, and the governments go after small fish who can't defend themselves.

140
Cryptocurrency discussions / Block Inc. (formerly Square) is in big trouble
« on: May 02, 2024, 10:35:14 AM »
So apparently Block, the payments company launched by Jack Dorsey among others and owns Cash App, is in big trouble with regulators because they did not follow compliance practices which ultimately resulted in funds from Cash App and its payment processor ending up into criminal hands.

The word on the street:

Quote from: https://cointelegraph.com/news/us-probes-block-inc-over-financial-transactions-report
United States federal prosecutors are reportedly probing Jack Dorsey’s fintech company Block, Inc. after a whistleblower surfaced documents alleging ongoing and widespread compliance violations at the firm’s payment arms Square and Cash App.

A former Block employee provided prosecutors from the Southern District of New York with documents allegedly showing that Square and Cash App processed thousands of transactions for users in countries subject to economic sanctions as well as crypto transactions for terrorist groups, NBC News reported on May 1

Roughly 100 pages of the documents were provided to NBC News, which reported many transactions were in small dollar amounts involving entities in countries subject to United States economic sanctions, including Iran, Russia, Cuba, and Venezuela.

The whistleblower said that most of the transactions discussed with prosecutors — which involved credit card, fiat, and Bitcoin
 transactions — were not reported to the government.

Block did not correct its processes when it was alerted to the alleged breaches of compliance, the former employee alleged.

“From the ground up, everything in the compliance section was flawed,” they said.

“It is led by people who should not be in charge of a regulated compliance program.”
A second anonymous source with “direct knowledge” of Block’s internal systems also confirmed the whistleblowers’ allegations to NBC News.

Edward Siedle — a former Securities and Exchange Commission lawyer who represents the whistleblower — said it was his understanding from the documents that compliance breaches were “known to Block leadership and the board in recent years.”

So as you can see, apparently Block was doing some shady stuff and some employee became tired enough of it to become a whistleblower for the government.

It is unlikely that Block is not going to face any punishments despite their spokesperson rambling about how they are regulatorily compliant.

141
Bitcoin Forum / Roger Ver has been arrested
« on: May 02, 2024, 10:20:07 AM »
Following the pattern of very rich bitcoiners who fail to pay their taxes and somehow get arrested in Span, Roger Ver has just been detailed for exactly that, according to reports.

First of all we have the report from Ver's own newspaper, bitcoin.com (LOL!):

Quote from: https://news.bitcoin.com/bitcoin-com-addresses-charges-against-early-investor-and-founder-roger-ver/
On April 30, 2024, the U.S. Department of Justice (DOJ) detained Roger Ver, a trailblazing investor in bitcoin, on accusations of tax evasion and submitting fraudulent tax returns. The following update is accompanied by a statement from Bitcoin.com regarding the allegations against the company’s founder.

Bitcoin Investor Roger Ver Charged With Tax Evasion
According to the DOJ press release, by 2014, Roger Ver and his companies, Memorydealers and Agilestar, reportedly controlled over 131,000 bitcoins, each valued at about $871. Memorydealers and Agilestar allegedly maintained control of approximately 73,000 of those bitcoins. However, he is accused of supplying misleading information to legal and valuation experts to minimize these assets’ declared value.

This alleged misstatement, according to the U.S. government, resulted in underreported company tax returns and the evasion of the mandatory “exit tax” on capital gains from his worldwide assets. Ver was apprehended in Spain, and the DOJ declared that the government intends to extradite him to face trial in the United States.


And then the newspaper predictably defended him:

Quote
Statement From Bitcoin.com
“In light of the recent news, we want to underscore that these legal matters pertain solely to Roger and have no bearing on Bitcoin.com. While we cannot comment on the specifics of the allegations, we stand by Roger and his contributions to the cryptocurrency space,” a Bitcoin.com spokesperson told our newsdesk.

“Importantly, these legal proceedings do not affect our operations or the services we provide. Bitcoin.com remains steadfast in our mission of making money accessible to everyone, everywhere, without limits. Our commitment to this mission remains unwavering. This litigation does not affect our operations or the services we provide. Our non-custodial wallet ensures that users always maintain control of their funds,” the spokesperson added.

What is this statement supposed to be, the editor talking to himself? I find it quite funny that Bitcoin.com needs to talk to its spokesperson in order to write about this.

142
Cryptocurrency discussions / Re: PayPal's shenanigans for "green miners"
« on: April 28, 2024, 06:57:57 PM »
Quote from: Stompix on April 24, 2024, 05:49:51 PM
Quote from: NotATether on April 24, 2024, 08:38:35 AM
The first is that who decides what is a "green miner" and who isn't. That's right, they have centralized entities doing that which means the mining process becomes less decentralizedd as the process can be hijacked to exclude miners they don't like.

Proof of owning your solar panel or whatever and a contract in which you;re liable for damages if you breach it by using grid power.
Prett easy to do and enforcable.

You simply cannot enforce this in the protocol. This is one of those solutions that has to be enforced politically, and honestly with the anti-crypto waves of legislation we've been witnessing in the last few days, it is more likely that they dig a grave and hold a funeral service for decentralized currency than for these legal people to pass any green laws.*

*Unless the place you live in is called New York, but that place has its own problems with crypto.

143
Cryptocurrency discussions / Re: Note: Stripe did *not* roll out crypto payments!
« on: April 28, 2024, 06:53:59 PM »
Quote from: TomPluz on April 27, 2024, 05:54:19 AM
Stripe is considered as a big payment platform and its foray into cryptocurrency can be meet with a lot of excitement and possibilities. Alas, I can see that this company is really wading so carefully and do not want to fast-track things maybe to avoid possible mistakes and to make sure it is not upsetting its own market. So one might be asking: how big is Stripe and can it make a recognizable impact in case it would go crypto in full blast? According to this published material: Based in 2022, there are 1.32 million active websites globally using Stripe, with an average of 1,000 companies joined Stripe each day. Stripe processed a global payment volume of $817 billion and as of January 2024, Stripe is valued at $50 billion. Let's hope that there will be more on this development and that all Stripe users will be able to one day use crypto as an option to pay, aside from the usual fiat money. It must be noted that in my country, Stripe has no legal business operation and I am really wondering why it is not attracted to this small but growing market in the Asia-Pacific region.

I heard that Stripe used to do Bitcoin payouts (and checkouts possibly?) until about 2018 or so during the infamous rise and crash of the Bitcoin price. They pulled out because they said that Bitcoin's price was too volatile. I don't think we will ever see Bitcoin or any other cryptocurrency checkouts on Stripe barring something extraordinary happening.

144
Bitcoin Forum / Re: Phoenix Wallet to be removed from US app stores
« on: April 28, 2024, 06:28:05 PM »
Quote from: Mr. Magkaisa on April 28, 2024, 06:03:42 AM

          -   Just the other day, I read an article saying that the Samourai wallet(https://cryptoadventure.com/u-s-doj-cracks-down-on-samourai-wallet-for-alleged-money-laundering/) seems to be in trouble and is about to close, or is closing, if I'm not mistaken, and now it's the Phoenix wallet that the US is looking at. It seems to be true that the US is closing down the app wallets one by one.

So far, it doesn't look like the US government is interested in going after Phoenix Wallet at all. This is simply a precautionary measure the team has taken in order to avoid the same fate as Samourai wallet. Whether or not that will actually work in the end is up for debate.

However, they would definitely like to pick off the crypto wallets from the app stores one by one if they could. As if anyone even stores large amounts of crypto in a mobile phone  ;D

145
News related to Crypto / Re: SEC Delays Approval of Immediate Ethereum ETF
« on: April 28, 2024, 05:34:45 PM »
Naturally, this was the only outcome we could've expected from the SEC because when was the last time you have seen them make a speedy decision about crypto? That's right, when it causes massive damage, and only to restrict certain types from use. (See for example Terra Luna).

They have done this delaying nonsense with the Bitcoin ETFs too, until their floodgates burst.

146
News related to Crypto / Re: Samourai Wallet seized and founders arrested
« on: April 28, 2024, 05:18:57 PM »
A reminder that running your own node and wallet is perfectly legal.

And performing coinjoin with random people, as long as you know that they aren't wanted folks, is also legal.

And running your own lightning node and channels is also legal.

And also exchanging your cryptocurrency for another kind of crypto is also legal, ID or no ID.

This is FUD. This particular agency of the feds is very good at it. So, don't fall for this FUD, and keep using Bitcoin.

147
Announcements [ANN] / Re: 🌀 UniJoin.io - CoinJoin Mixer | Your Anonymity Is Our Priority!
« on: April 28, 2024, 05:12:26 PM »
Quote from: Cryptofied on April 27, 2024, 08:50:09 PM
Having seen other Bitcoin Mixers, I think UniJoin is unique in the fact that it uses anonymous addresses as outputs,

There is no such thing as an anonymous address in Bitcoin. We don't have such an address. There are legacy addresses, various kinds of segwit addresses like Nested and Native segwit and we have taproot addresses, but none of these addresses hides the scriptpubkey section of the outputs which is one of the necessary steps to have an anonymous kind of address.

148
Bitcoin Forum / Re: [Speculation] Will Bitcoin breach $100k this month?
« on: April 28, 2024, 05:05:30 PM »
Quote from: salad daging on April 26, 2024, 06:12:00 PM
Quote from: EthereumDev_ on April 26, 2024, 05:44:03 PM
Quote from: rizqillah on April 25, 2024, 11:25:02 AM
It seems that Bitcoin has struggled and been corrected for almost a month, but in my opinion Bitcoin still has the ability to rise more than the previous ATH. It's just a matter of waiting, and we also know that news wars also affect crypto prices
It's true, as you have seen, the price of bitcoin has been going down for too long, if there is no good news that can trigger an increase in the price of bitcoin, it is likely that the price of bitcoin will collapse again and more and more people will sell bitcoin at low prices because many will panic.
Bitcoin is still stagnant, this is normal after halving there is always a long correction that makes the price go sideways, you don't panic too much let them sell because they can't wait for the pump then I will continue to accumulate while the price is still low even though it is now said to be high.

Maybe many are tired of HODL where when halving nothing happens, I don't think about that but the future and patience are important where never panic or sell when prices are still low.

It is more helpful to just check the CryptoPanic website which aggregates all of the news related to cryptocurrency on the internet. Generally speaking, if there are many bullish articles about crypto, then Bitcoin will probably keep going up, else it will continue to go down. That being said I strongly doubt that we are suddenly going to find $30,000 necessary to breach $100K.

149
Bitcoin Forum / The 134th reason why you should not use Wasabi Wallet.
« on: April 28, 2024, 06:01:34 AM »
Once upon a time, Wasabi Wallet was one of the most formidable, if not the most private wallet the Bitcoin community had to offer. It ran your bitcoins through WabiSabi, a CoinJoin protocol, and it "mixed" (if you want to call it that) your coins for you and gave you clean coins. Just like many of these mixers that you see advertised around here.

Unfortunately, Wasabi, like many other mixers and coinjoiners, had one inherent and fatal flaw - It ran a centralized coordinator. It was not decentralized at all.

This means that not only can law enforcement destroy a coordinator, but the coordinator itself can sabotage it's own users.

This is exactly what happened with Wasabi Wallet. While zkSNACKs, the owner of the coordinator, was busy preparing its draft announcing its intent to blacklist UTXOs that it doesn't like, the community was aloof of this news.

Of course, they were very angry when they found out about this, because there were no criteria for blacklisting a UTXO, not to mention the entire concept of blacklisting was unethical in the first place, so that basically meant that zkSNACKs could make up the rules on the fly for what UTXOs they would like to block.

Believe it or not, this is old news. It happened 4 years ago.

Since then, a couple of sockpuppets have taken it upon themselves to defend Wasabi of any wrongdoing, justifying harvesting your UTXO set for this purpose while decrying competing wallets doing the same. You can find these accounts on many platforms, like X and bitcointalk.

Fast forward to today, and now Wasabi announced that no American is allowed to use the Wasabi wallet or access their website.

I am sure you are shaking your head at this point thinking "but I thought only exchanges do that kind of stuff!" Well, that was the case for all KYC-verified services for a long time, but at least they had the excuse of obeying the law. Now though, even anonymous services are hiding from US users, not out of legal obligation, but out of fear. It has never been illegal for Americans to own bitcoin, even though the government wants a tax cut out of all bitcoin transactions at this point, which is not hard to see.

I actually think nopara73 (Wasabi founder) ran away from Wasabi Wallet because he saw this coming. I guess he didn't want his reputation to be further in the mud or something.

Do not use any bitcoin wallet that geoblocks its users. Bitcoin is a global, permissionles, decentralized, P2P electronic cash.

150
Bitcoin Forum / Phoenix Wallet to be removed from US app stores
« on: April 27, 2024, 07:08:26 AM »
Just when you thought the fallout from Samourai Wallet's demise couldn't get any worse, here we are again with news from last night that apparently, Phoenix Wallet is planning to cut off all their US app users.



Phoenix Wallet is not just a Bitcoin Wallet, it is also a Lightning Wallet, and that is a big problem since Phoenix Wallet opens the channels for you, which also means that those channels are soon going to be cut (or in Lightning Network jargon "closed").

Pages: 1 ... 8 9 [10] 11 12 ... 15
ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod