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Messages - NotATether

Pages: 1 [2] 3 4 ... 15
16
Bitcoin Forum / Re: What Happened To Bitcoin?
« on: May 23, 2024, 01:30:29 PM »
Do you have additional evidence to support the allegation that Project Hamilton organizers sought to actively disrupt the operations of decentralized currency (i.e. Bitcoin) users and merchants?

Don't get me wrong, those people obviously don't like crypto. But I didn't think that they would go as far as to actively sabotage the ecosystem.




How BTC was hijacked from means of payment to store of value

17
My problem is the opposite, meaning it is not the government that bans electronic payment services on the Internet or exchanges, but the opposite is true, meaning that it is payment services and exchanges that ban my country, Syria.

Here the problem is more complicated, because even if you use a VPN you will not be able to transfer money from the bank to buy Bitcoin or convert Bitcoin into cash, so the only method available to us in my country here is P2P.

Brother, in the case of Syria, it is very hard to use not just financial services, but many other different kinds of websites too (except I guess social media), because they similarly block countries like Syria and Iran, Cuba, etc.

There might be Facebook or Telegram groups where there are people buying and selling bitcoins locally - I don't know any myself, but you can check them out.

Alternatively, you might be able to use a decentralized platform like Bisq or Robosats. You transfer some money from your bank to someone else's bank in another country (just be careful not to deal with western countries) and you will get some crypto in return.

18
Bitcoin Forum / Re: Roger Ver has been arrested
« on: May 23, 2024, 01:17:58 PM »
Latest news that Roger Ver could be facing 30 years in prison  :o

See? They give people all kinds of stupid-ass sentences for a tax-related crime.

Ross is serving a double-life sentence without parole for making a drug store.

And then you have the Tornado Cash guy serving over a year in prison for making a mixer.

Meanwhile, it is almost impossible to put people like Donald Trump in prison even for one day.

The justice system in the US is two-tiered: One for rich old fiat white men and one for the rest of us.

Try to indict Jamie Dimon for anything, for example - it's not going to happen - if anything even, it'll just be a slap on the wrist.

19
P.S. Do you think CZ knew there would be a court case against him in a year?  ;D

At least CZ still has the chance to celebrate Bitcoin Pizza day this year before he has to begin his jail sentence.

But I mean, nobody could've seen that coming.

I always read that kind of shortsighted reaction to the pizza transaction which amounted to 10,000 BTC which is currently worth $693,000,000 paid by now famous Laszlo Hanyecz for two boxes of Papa Johns pizzas. Now, while many of us would surely regret what happened, I think we should always remember that this was actually a landmark transaction, the first one where Bitcoin was used to buy something. And that is why we have the Bitcoin Pizza Day today to commemorate such a pivotal event in Bitcoin's colorful history. Instead of felling some regret, we should instead celebrate maybe by also buying a box of pizza and if possible using our BTC wallet.

You can't have a circular economy without spending some money at the early stage. That's exactly why bitcoin was able to grow, but many shitcoins just plummeted to zero as people were either HODLing them without spending them or they all dumped their bags at the same time.

20
Mostly this is for inexperience investors, and obviously, that is normal behavior. I mean if you see your portfolio going down, then your first instinct is that you feel that you are losing money hence you want to stop it and sell. And that's why we always says that you should invest what you can afford to lose in crypto. So that if by chance it's going down, you will not panic and push the sell button.

It's basically anyone without diamond hands. Not just inexperienced investors.

There's a lot of people who buy BTC, hold it for one week, look at the price and say "oh shit it's going down" and liquidate their positions before the price correction comes because they don't want to wait for it. Or maybe they could be short on cash and don't want to lose even more of it in the short term.

21
Bitcoin Forum / Re: Joinmarket.net (discussion) experience?
« on: May 23, 2024, 12:59:09 PM »
Actually, just like many of us here in this forum, this can be my first time to hear on Joinmarket.net and when i tried to access the site it is already suspended which is a red flag for the said platform as it can already be bankrupt therefore we have to stay away from it. Since it belongs to the same category with Samurai and Wasabi wallets, the more we should say NO with that. Now, of course, this is just now an academic discussion since the site is not anymore functioning but in case it can be back we should be warning people - especially newbies - about it. There is always that big risk when we are using a tool that the government don't find to be legit and above board, no matter if we agree or disagree.

Are you serious...

JoinMarket's website suddenly going offline fits a pattern of crypto privacy services suddenly going under in suspicious circumstances.

Although the JoinMarket project itself is open source and still appears to be running on Github https://github.com/JoinMarket-Org/joinmarket-clientserver and it even has recent commits as in the last few days.

I don't think JoinMarket has anything to worry about, although the website itself going down is annoying, because it was just an informational resource.

22
The strangest thing is how there is literally no activity from the OP. If they were professional, then they would've came out and at least announced that it would be shutting down. Although it would've been even better if they gave the reason for doing so. Just taking down the website with no comment like some of these other mixers have done comes off as really unprofessional.

From a certain point of view, I understand why they don't respond after the site is shut down, they simply no longer have a reason to be communicative and kind to other users.
Although shutting down the site is still a better way than just letting it go while the hosting and domain last, without any support. Remember whirlwind money, which was active for a long time after the "disappearance" of the owner. It's a real miracle that we haven't had any more serious accusations of problems with that service.

But at least Whirlwind actually made an attempt at communicating with users beyond just an ANN thread. This person just created a mixer, created an ANN and then went away from keyboard ever since then.

The fact that mixers and their representatives will just disappear when they shut down is understandable, but not while you're still in business.

23
Technical Discussion / Re: Which blockchains are the fastest?
« on: May 23, 2024, 12:49:00 PM »
Litecoin and Dogecoin not even making the list is madness. Particularly Dogecoin. Aren't these coins using a much lower PoW block generation time?

And where is Bitcoin Cash in all this? I thought that was supposed to be the one with bigger block size and thus more throughput. Did everyone just turn off their BCH mining machines all of a sudden?


24
Bitcoin, however, broke the all-time high in 2024 and set a new all-time high. However, we again expect Bitcoin to break its all-time high by 2024 and set another record high, which could go as high as $100,000. If in 2024 it stays between $100,000, it is expected to exceed $100,000 to $170,000 in 2025.

Well duh, of course it's going to break its ATH and then break it again and then again this year. Provided the FBI doesn't come in and gatecrash the party of course, like they tried to do a month ago.

I hope everyone is busy accumulating satoshis, because this run has the potential to be like the one in 2021.

25
Their first project is to defend the founders of Samourai Wallet, which may not give a good impression, especially to legal authorities that can be influenced.

I also worried about that, especially when the founder advertise their service to avoid sanction. There are other less controversial case they could take, such as defending Uniswap for SEC sue.

There is nothing controversial about raising funds to defend somebody in court. In fact, even sanctioned funds can be used to pay for lawyers and other legal expenses that the people controlling said funds happen to be in (at least in the United States).

COPA made a huge fuss about funding Hodlonaut when Craig Wright was trying to sue him into oblivion and look at the result. It was worth it, no?

26
Oopsss!
It seems Frogmixer went down in history faster than he got here.
RIP Frogmixer aka CM2 :P
I don't know if they are they still operating chipmixer clone with bitcoin testnet.
They first started doing that in bitcointalk forum but I can't find that topic anymore and I don't think they are active in bitcointalk anymore.

The strangest thing is how there is literally no activity from the OP. If they were professional, then they would've came out and at least announced that it would be shutting down. Although it would've been even better if they gave the reason for doing so. Just taking down the website with no comment like some of these other mixers have done comes off as really unprofessional.

27
Forum related / Re: Campaigns and Forums Traffic
« on: May 19, 2024, 07:49:22 PM »
I'm not against earning money, but what some users need to realize is they have to be active all the time if they want a manager to accept them into a campaign. You cannot be told that so n so just launched a campaign and suddenly you make 10 posts really quick and hope to get a spot. Managers will check how active you have been and pick someone else.

Yeah, I mean at the end of the day, it is a business and you are being paid to advertise for them. So since there is a large, you could say "talent pool" to choose campaign participants from, I am not surprised to see that the same problems at Bitcointalk of many people being overlooked for limited campaign spots are happening here too.

28
The problem itself is not that the system can be abused for money laundering, for that there are several mechanisms and filters that once applied would make it very difficult to commit these acts. The problem is that the system sometimes "invites" these acts. With very lax AML policies, with holes in the system depending on which countries the money comes from, with low commissions to attract more clients without applying the filters that I mentioned before... If AML policies were strictly enforced, the annual profit would be much, much lower than the current percentage, and logically, companies that process payments are not interested in that.

For a small company, yes. A large payments company like PayPal can afford to cut off many customers and take a hit in its revenue because it would be quite a small percentage of their net profit.

The smaller payment processors and the ones with a negative profit would be the ones most tempted into getting more customers by having more lax anti money laundering policies.

29
Every electricity grid - Texas... Ethiopia... Uzbekistan... Madagascar... - has the consumption peaks problem.
Peaks consumption creates outages - in my house too.
BTC mining can help stabilising the electricity grid.

I am already aware of the role that mining plays in that regard.

But I was talking about things like this

https://abc13.com/post/houston-outage-map-centerpoint-energy-when-will-power-come-back-on-tracker/14831445/

30
Don't bother creating an ANN thread if you're just going to silently close shop within a week.

Last login 13 years ago, Frogmixer tried to create a service similar to CM, and when it did not find sufficient support, it decided to stop.

13 years ago? I don't understand what you're trying to say. The concept of modern mixers did not exist in 2011.

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