Crypto Exchange Binance Blacklisted by Russia's Telecom ...

Merchandise idea: Moonopoly!

In response to the post about merchandise pinned here , I was wondering would it be possible to create a custom cryptocurrency version of Monopoly called (of course) Moonopoly! Christmas is just around the corner and it would make a great gift to a fellow crypto enthusiast, or could even be given out as prizes!  
Anyway, regardless of whether or not this is a good idea that can be taken seriously, or something completely ridiculous, I figured we could have some fun now deciding how this game would hypothetically be played and allocating the squares for the board. Here are my ideas:  
It would work just like normal Monopoly which we're all familiar with. But instead of being handed out a set amount of $ or whatever, the currency for Moonopoly could be Dai/Satoshis...or even Moons!  
Instead of the 28 properties we could have 28 cryptos. (Just like in standard monopoly, their value doesn't have to be exact to real life.) Bitcoin and Etherum are the equivalent of the premium properties (Mayfair and Park Lane on UK Monopoly). Perhaps nano could be the cheap Old Kent Road (Don't hate me nano fans, I love nano really. In fact nano could be the Free Parking square!)  
So let's say you land on the Bitcoin (Mayfair) square and want to buy it. That will cost you 0.1 BTC. If someone lands on it, they have to give you 0.01 BTC. Instead of building houses and hotels, you can add more Bitcoins/Eth etc, which would then increase the amount someone would have to pay when they land on your crypto.  
The 4 railroads could be exchanges (Binance, Coinbase etc.) and perhaps the two utilities could be something deFi like Uniswap and Honeyswap.  
We could have a lot of fun with the Chance and Community Chest cards. Here are some ideas:  
-You entered your seed in a phishing site. Pay 0.3 BTC.  
-You've received an airdrop. Collect 0.2 BTC.  
-Binance has been hacked. Pay 0.5 BTC.  
-Bullrun confirmed! Collect 0.4 BTC.  
-The ICO you invested in has exit scammed. Pay 0.2 BTC.  
-You didn't file your crypto taxes. Go to jail. Don't pass Go. Don't collect 0.1 BTC...  
For the pieces (i.e. the dog, the boot, the hat..) we could have:  
-Doge  
-Carlos Matos  
-Bogdanoff  
-Victor Cobra?  
Alright, it might sound a bit silly. I mean who are we going to play this with? But let's not worry about that. I want to know, what would you have on your Moonopoly board?
submitted by crypto_grandma to CryptoCurrency [link] [comments]

Bob The Magic Custodian



Summary: Everyone knows that when you give your assets to someone else, they always keep them safe. If this is true for individuals, it is certainly true for businesses.
Custodians always tell the truth and manage funds properly. They won't have any interest in taking the assets as an exchange operator would. Auditors tell the truth and can't be misled. That's because organizations that are regulated are incapable of lying and don't make mistakes.

First, some background. Here is a summary of how custodians make us more secure:

Previously, we might give Alice our crypto assets to hold. There were risks:

But "no worries", Alice has a custodian named Bob. Bob is dressed in a nice suit. He knows some politicians. And he drives a Porsche. "So you have nothing to worry about!". And look at all the benefits we get:
See - all problems are solved! All we have to worry about now is:
It's pretty simple. Before we had to trust Alice. Now we only have to trust Alice, Bob, and all the ways in which they communicate. Just think of how much more secure we are!

"On top of that", Bob assures us, "we're using a special wallet structure". Bob shows Alice a diagram. "We've broken the balance up and store it in lots of smaller wallets. That way", he assures her, "a thief can't take it all at once". And he points to a historic case where a large sum was taken "because it was stored in a single wallet... how stupid".
"Very early on, we used to have all the crypto in one wallet", he said, "and then one Christmas a hacker came and took it all. We call him the Grinch. Now we individually wrap each crypto and stick it under a binary search tree. The Grinch has never been back since."

"As well", Bob continues, "even if someone were to get in, we've got insurance. It covers all thefts and even coercion, collusion, and misplaced keys - only subject to the policy terms and conditions." And with that, he pulls out a phone-book sized contract and slams it on the desk with a thud. "Yep", he continues, "we're paying top dollar for one of the best policies in the country!"
"Can I read it?' Alice asks. "Sure," Bob says, "just as soon as our legal team is done with it. They're almost through the first chapter." He pauses, then continues. "And can you believe that sales guy Mike? He has the same year Porsche as me. I mean, what are the odds?"

"Do you use multi-sig?", Alice asks. "Absolutely!" Bob replies. "All our engineers are fully trained in multi-sig. Whenever we want to set up a new wallet, we generate 2 separate keys in an air-gapped process and store them in this proprietary system here. Look, it even requires the biometric signature from one of our team members to initiate any withdrawal." He demonstrates by pressing his thumb into the display. "We use a third-party cloud validation API to match the thumbprint and authorize each withdrawal. The keys are also backed up daily to an off-site third-party."
"Wow that's really impressive," Alice says, "but what if we need access for a withdrawal outside of office hours?" "Well that's no issue", Bob says, "just send us an email, call, or text message and we always have someone on staff to help out. Just another part of our strong commitment to all our customers!"

"What about Proof of Reserve?", Alice asks. "Of course", Bob replies, "though rather than publish any blockchain addresses or signed transaction, for privacy we just do a SHA256 refactoring of the inverse hash modulus for each UTXO nonce and combine the smart contract coefficient consensus in our hyperledger lightning node. But it's really simple to use." He pushes a button and a large green checkmark appears on a screen. "See - the algorithm ran through and reserves are proven."
"Wow", Alice says, "you really know your stuff! And that is easy to use! What about fiat balances?" "Yeah, we have an auditor too", Bob replies, "Been using him for a long time so we have quite a strong relationship going! We have special books we give him every year and he's very efficient! Checks the fiat, crypto, and everything all at once!"

"We used to have a nice offline multi-sig setup we've been using without issue for the past 5 years, but I think we'll move all our funds over to your facility," Alice says. "Awesome", Bob replies, "Thanks so much! This is perfect timing too - my Porsche got a dent on it this morning. We have the paperwork right over here." "Great!", Alice replies.
And with that, Alice gets out her pen and Bob gets the contract. "Don't worry", he says, "you can take your crypto-assets back anytime you like - just subject to our cancellation policy. Our annual management fees are also super low and we don't adjust them often".

How many holes have to exist for your funds to get stolen?
Just one.

Why are we taking a powerful offline multi-sig setup, widely used globally in hundreds of different/lacking regulatory environments with 0 breaches to date, and circumventing it by a demonstrably weak third party layer? And paying a great expense to do so?
If you go through the list of breaches in the past 2 years to highly credible organizations, you go through the list of major corporate frauds (only the ones we know about), you go through the list of all the times platforms have lost funds, you go through the list of times and ways that people have lost their crypto from identity theft, hot wallet exploits, extortion, etc... and then you go through this custodian with a fine-tooth comb and truly believe they have value to add far beyond what you could, sticking your funds in a wallet (or set of wallets) they control exclusively is the absolute worst possible way to take advantage of that security.

The best way to add security for crypto-assets is to make a stronger multi-sig. With one custodian, what you are doing is giving them your cryptocurrency and hoping they're honest, competent, and flawlessly secure. It's no different than storing it on a really secure exchange. Maybe the insurance will cover you. Didn't work for Bitpay in 2015. Didn't work for Yapizon in 2017. Insurance has never paid a claim in the entire history of cryptocurrency. But maybe you'll get lucky. Maybe your exact scenario will buck the trend and be what they're willing to cover. After the large deductible and hopefully without a long and expensive court battle.

And you want to advertise this increase in risk, the lapse of judgement, an accident waiting to happen, as though it's some kind of benefit to customers ("Free institutional-grade storage for your digital assets.")? And then some people are writing to the OSC that custodians should be mandatory for all funds on every exchange platform? That this somehow will make Canadians as a whole more secure or better protected compared with standard air-gapped multi-sig? On what planet?

Most of the problems in Canada stemmed from one thing - a lack of transparency. If Canadians had known what a joke Quadriga was - it wouldn't have grown to lose $400m from hard-working Canadians from coast to coast to coast. And Gerald Cotten would be in jail, not wherever he is now (at best, rotting peacefully). EZ-BTC and mister Dave Smilie would have been a tiny little scam to his friends, not a multi-million dollar fraud. Einstein would have got their act together or been shut down BEFORE losing millions and millions more in people's funds generously donated to criminals. MapleChange wouldn't have even been a thing. And maybe we'd know a little more about CoinTradeNewNote - like how much was lost in there. Almost all of the major losses with cryptocurrency exchanges involve deception with unbacked funds.
So it's great to see transparency reports from BitBuy and ShakePay where someone independently verified the backing. The only thing we don't have is:
It's not complicated to validate cryptocurrency assets. They need to exist, they need to be spendable, and they need to cover the total balances. There are plenty of credible people and firms across the country that have the capacity to reasonably perform this validation. Having more frequent checks by different, independent, parties who publish transparent reports is far more valuable than an annual check by a single "more credible/official" party who does the exact same basic checks and may or may not publish anything. Here's an example set of requirements that could be mandated:
There are ways to structure audits such that neither crypto assets nor customer information are ever put at risk, and both can still be properly validated and publicly verifiable. There are also ways to structure audits such that they are completely reasonable for small platforms and don't inhibit innovation in any way. By making the process as reasonable as possible, we can completely eliminate any reason/excuse that an honest platform would have for not being audited. That is arguable far more important than any incremental improvement we might get from mandating "the best of the best" accountants. Right now we have nothing mandated and tons of Canadians using offshore exchanges with no oversight whatsoever.

Transparency does not prove crypto assets are safe. CoinTradeNewNote, Flexcoin ($600k), and Canadian Bitcoins ($100k) are examples where crypto-assets were breached from platforms in Canada. All of them were online wallets and used no multi-sig as far as any records show. This is consistent with what we see globally - air-gapped multi-sig wallets have an impeccable record, while other schemes tend to suffer breach after breach. We don't actually know how much CoinTrader lost because there was no visibility. Rather than publishing details of what happened, the co-founder of CoinTrader silently moved on to found another platform - the "most trusted way to buy and sell crypto" - a site that has no information whatsoever (that I could find) on the storage practices and a FAQ advising that “[t]rading cryptocurrency is completely safe” and that having your own wallet is “entirely up to you! You can certainly keep cryptocurrency, or fiat, or both, on the app.” Doesn't sound like much was learned here, which is really sad to see.
It's not that complicated or unreasonable to set up a proper hardware wallet. Multi-sig can be learned in a single course. Something the equivalent complexity of a driver's license test could prevent all the cold storage exploits we've seen to date - even globally. Platform operators have a key advantage in detecting and preventing fraud - they know their customers far better than any custodian ever would. The best job that custodians can do is to find high integrity individuals and train them to form even better wallet signatories. Rather than mandating that all platforms expose themselves to arbitrary third party risks, regulations should center around ensuring that all signatories are background-checked, properly trained, and using proper procedures. We also need to make sure that signatories are empowered with rights and responsibilities to reject and report fraud. They need to know that they can safely challenge and delay a transaction - even if it turns out they made a mistake. We need to have an environment where mistakes are brought to the surface and dealt with. Not one where firms and people feel the need to hide what happened. In addition to a knowledge-based test, an auditor can privately interview each signatory to make sure they're not in coercive situations, and we should make sure they can freely and anonymously report any issues without threat of retaliation.
A proper multi-sig has each signature held by a separate person and is governed by policies and mutual decisions instead of a hierarchy. It includes at least one redundant signature. For best results, 3of4, 3of5, 3of6, 4of5, 4of6, 4of7, 5of6, or 5of7.

History has demonstrated over and over again the risk of hot wallets even to highly credible organizations. Nonetheless, many platforms have hot wallets for convenience. While such losses are generally compensated by platforms without issue (for example Poloniex, Bitstamp, Bitfinex, Gatecoin, Coincheck, Bithumb, Zaif, CoinBene, Binance, Bitrue, Bitpoint, Upbit, VinDAX, and now KuCoin), the public tends to focus more on cases that didn't end well. Regardless of what systems are employed, there is always some level of risk. For that reason, most members of the public would prefer to see third party insurance.
Rather than trying to convince third party profit-seekers to provide comprehensive insurance and then relying on an expensive and slow legal system to enforce against whatever legal loopholes they manage to find each and every time something goes wrong, insurance could be run through multiple exchange operators and regulators, with the shared interest of having a reputable industry, keeping costs down, and taking care of Canadians. For example, a 4 of 7 multi-sig insurance fund held between 5 independent exchange operators and 2 regulatory bodies. All Canadian exchanges could pay premiums at a set rate based on their needed coverage, with a higher price paid for hot wallet coverage (anything not an air-gapped multi-sig cold wallet). Such a model would be much cheaper to manage, offer better coverage, and be much more reliable to payout when needed. The kind of coverage you could have under this model is unheard of. You could even create something like the CDIC to protect Canadians who get their trading accounts hacked if they can sufficiently prove the loss is legitimate. In cases of fraud, gross negligence, or insolvency, the fund can be used to pay affected users directly (utilizing the last transparent balance report in the worst case), something which private insurance would never touch. While it's recommended to have official policies for coverage, a model where members vote would fully cover edge cases. (Could be similar to the Supreme Court where justices vote based on case law.)
Such a model could fully protect all Canadians across all platforms. You can have a fiat coverage governed by legal agreements, and crypto-asset coverage governed by both multi-sig and legal agreements. It could be practical, affordable, and inclusive.

Now, we are at a crossroads. We can happily give up our freedom, our innovation, and our money. We can pay hefty expenses to auditors, lawyers, and regulators year after year (and make no mistake - this cost will grow to many millions or even billions as the industry grows - and it will be borne by all Canadians on every platform because platforms are not going to eat up these costs at a loss). We can make it nearly impossible for any new platform to enter the marketplace, forcing Canadians to use the same stagnant platforms year after year. We can centralize and consolidate the entire industry into 2 or 3 big players and have everyone else fail (possibly to heavy losses of users of those platforms). And when a flawed security model doesn't work and gets breached, we can make it even more complicated with even more people in suits making big money doing the job that blockchain was supposed to do in the first place. We can build a system which is so intertwined and dependent on big government, traditional finance, and central bankers that it's future depends entirely on that of the fiat system, of fractional banking, and of government bail-outs. If we choose this path, as history has shown us over and over again, we can not go back, save for revolution. Our children and grandchildren will still be paying the consequences of what we decided today.
Or, we can find solutions that work. We can maintain an open and innovative environment while making the adjustments we need to make to fully protect Canadian investors and cryptocurrency users, giving easy and affordable access to cryptocurrency for all Canadians on the platform of their choice, and creating an environment in which entrepreneurs and problem solvers can bring those solutions forward easily. None of the above precludes innovation in any way, or adds any unreasonable cost - and these three policies would demonstrably eliminate or resolve all 109 historic cases as studied here - that's every single case researched so far going back to 2011. It includes every loss that was studied so far not just in Canada but globally as well.
Unfortunately, finding answers is the least challenging part. Far more challenging is to get platform operators and regulators to agree on anything. My last post got no response whatsoever, and while the OSC has told me they're happy for industry feedback, I believe my opinion alone is fairly meaningless. This takes the whole community working together to solve. So please let me know your thoughts. Please take the time to upvote and share this with people. Please - let's get this solved and not leave it up to other people to do.

Facts/background/sources (skip if you like):



Thoughts?
submitted by azoundria2 to QuadrigaInitiative [link] [comments]

Crypto Weekly News

Cryptocurrencies
Bitcoin Is About To See Its Largest Quarterly Options Expiry Ever
One factor that could contribute to cryptocurrency instability shortly is the inevitable expiration of 87,000 quarterly BTC options contracts. Traders who roll back these positions or close them before the close may cause some turbulence.
Ripple Expands Partnership With Bill & Melinda Gates Foundation Via Mojaloop
India's leading digital payment platforms PhonePe and Ripple have joined as sponsor members. As a sponsor, Ripple will contribute to the development of strategic vision, corporate governance, and technical guidance to ensure the long-term health and growth of the Mojaloop open source community.
IOTA: First SOCIETY2 Product Will Be Available To Use Very Soon
As announced, Secrets will be a messaging app that will allow its users to send private peer-to-peer messages and add users to a private group. The first product of the ecosystem is in the final stages of development.
IOTA: Eclipse Foundation Makes First Commit For Tangle Marketplace Project
The Tangle Marketplace received its first commit from the Eclipse Foundation. As part of a collaboration between IOTA and the Tangle EE Working Group, the project aims to advance use cases in the digital economy through the IOTA Tangle. Besides, the team is also developing the Unified Identity project.
SUSHI Faces Massive Sell-Off Following Uniswap’s Token Launch
SUSHI was among the worst-performing cryptocurrencies this week. This is because Uniswap launched its UNI token. Sushiswap fell just over 16% in 24 hours. On Thursday alone, the SUSHI/USD exchange rate fell more than 10%, trading at $1.357 per token.
Projects and Updates
BitMart Exchange Partners With Top Cybersecurity Solutions Provider
The partnership with cybersecurity firm Hacken should make cryptocurrency trading more secure. BitMart Exchange calls the new development a revolutionary innovation. The new technology will monitor the security of the platform while ensuring that the site is resilient to future hacking attempts.
VeChain Presents VerifyCar At BMW Group’s ‘Digital Innovation Day’
The blockchain-based platform will collect vehicle data such as mileage, repairs, and additional services. The decentralized app will run on the VeChainThor blockchain, which will provide security and data protection. BMW emphasizes that VerifyCar users will have more control over their data.
Bitfinex Adopts Lightning Network’s ‘Wumbo Channels’
The platform has opened three Wumbo Channels to avoid the inherent Lightning Network bandwidth limitations of 0.1677 BTC. Each channel has a limit of 5 BTC. According to representatives of the exchange, these are the largest channels in the Lightning Network.
Binance Creates ‘Innovation Zone’ To Let Only Select Users Trade New DeFi Tokens
Binance is positioning the new service as a safe haven for trading high volatility DeFi assets. Binance CEO Changpeng Zhao noted that the platform needs to add new popular tokens to remain competitive.
KuCoin Establishes Strategic Partnership With Poloniex To Elevate Digital Asset Exchange Industry
The initiative involves the creation of a research organization. Representatives of the sites note that the cooperation will help them make the most of the opportunities of the cryptography and blockchain industry.
Hacking
KuCoin Group Issues A Warning About Phishing Sites
Users are warned that kucoin-exchange.net is not affiliated with KuCoin Group and is a fraudulent domain. To avoid these types of scams, users are asked to be careful and avoid links from domains similar to the official ones.
Twitter Tightens Security Ahead Of US Presidential Election
Additional measures include stronger passwords, password reset protection, and two-factor authentication. The service will also update the internal system to quickly respond to suspicious activity.
Korean Police Summon Bithumb Chairman For Fraud Investigations
According to the police, Lee Jung Hoon organized a pre-sale of the native Bithumb BXA token, which never made it to the listing. The estimated damage to investors was around 30 billion won (~$25 million). The second charge is related to the overseas real estate of the chairman of the exchange. Law enforcement agencies speculate that Hoon was tax evasive.
Australian Man Caught Mining On Supercomputers Avoids Jail
In 2018, Jonathan Khoo worked as a contractor for the Commonwealth Scientific and Industrial Research Organisation (CSIRO). Using two government supercomputers, he mined Ethereum and Monero worth almost $6,897 in a month. Mining cost the agency $56,133. The man faced 10 years in prison, but the judge took into account his confession, loss of a job, and no criminal record. Khoo was assigned 300 hours of community service and psychological counseling.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to u/CoinjoyAssistant [link] [comments]

Crypto Weekly News

Cryptocurrencies
Bitcoin Is About To See Its Largest Quarterly Options Expiry Ever
One factor that could contribute to cryptocurrency instability shortly is the inevitable expiration of 87,000 quarterly BTC options contracts. Traders who roll back these positions or close them before the close may cause some turbulence.
Ripple Expands Partnership With Bill & Melinda Gates Foundation Via Mojaloop
India's leading digital payment platforms PhonePe and Ripple have joined as sponsor members. As a sponsor, Ripple will contribute to the development of strategic vision, corporate governance, and technical guidance to ensure the long-term health and growth of the Mojaloop open source community.
IOTA: First SOCIETY2 Product Will Be Available To Use Very Soon
As announced, Secrets will be a messaging app that will allow its users to send private peer-to-peer messages and add users to a private group. The first product of the ecosystem is in the final stages of development.
IOTA: Eclipse Foundation Makes First Commit For Tangle Marketplace Project
The Tangle Marketplace received its first commit from the Eclipse Foundation. As part of a collaboration between IOTA and the Tangle EE Working Group, the project aims to advance use cases in the digital economy through the IOTA Tangle. Besides, the team is also developing the Unified Identity project.
SUSHI Faces Massive Sell-Off Following Uniswap’s Token Launch
SUSHI was among the worst-performing cryptocurrencies this week. This is because Uniswap launched its UNI token. Sushiswap fell just over 16% in 24 hours. On Thursday alone, the SUSHI/USD exchange rate fell more than 10%, trading at $1.357 per token.
Projects and Updates
BitMart Exchange Partners With Top Cybersecurity Solutions Provider
The partnership with cybersecurity firm Hacken should make cryptocurrency trading more secure. BitMart Exchange calls the new development a revolutionary innovation. The new technology will monitor the security of the platform while ensuring that the site is resilient to future hacking attempts.
VeChain Presents VerifyCar At BMW Group’s ‘Digital Innovation Day’
The blockchain-based platform will collect vehicle data such as mileage, repairs, and additional services. The decentralized app will run on the VeChainThor blockchain, which will provide security and data protection. BMW emphasizes that VerifyCar users will have more control over their data.
Bitfinex Adopts Lightning Network’s ‘Wumbo Channels’
The platform has opened three Wumbo Channels to avoid the inherent Lightning Network bandwidth limitations of 0.1677 BTC. Each channel has a limit of 5 BTC. According to representatives of the exchange, these are the largest channels in the Lightning Network.
Binance Creates ‘Innovation Zone’ To Let Only Select Users Trade New DeFi Tokens
Binance is positioning the new service as a safe haven for trading high volatility DeFi assets. Binance CEO Changpeng Zhao noted that the platform needs to add new popular tokens to remain competitive.
KuCoin Establishes Strategic Partnership With Poloniex To Elevate Digital Asset Exchange Industry
The initiative involves the creation of a research organization. Representatives of the sites note that the cooperation will help them make the most of the opportunities of the cryptography and blockchain industry.
Hacking
KuCoin Group Issues A Warning About Phishing Sites
Users are warned that kucoin-exchange.net is not affiliated with KuCoin Group and is a fraudulent domain. To avoid these types of scams, users are asked to be careful and avoid links from domains similar to the official ones.
Twitter Tightens Security Ahead Of US Presidential Election
Additional measures include stronger passwords, password reset protection, and two-factor authentication. The service will also update the internal system to quickly respond to suspicious activity.
Korean Police Summon Bithumb Chairman For Fraud Investigations
According to the police, Lee Jung Hoon organized a pre-sale of the native Bithumb BXA token, which never made it to the listing. The estimated damage to investors was around 30 billion won (~$25 million). The second charge is related to the overseas real estate of the chairman of the exchange. Law enforcement agencies speculate that Hoon was tax evasive.
Australian Man Caught Mining On Supercomputers Avoids Jail
In 2018, Jonathan Khoo worked as a contractor for the Commonwealth Scientific and Industrial Research Organisation (CSIRO). Using two government supercomputers, he mined Ethereum and Monero worth almost $6,897 in a month. Mining cost the agency $56,133. The man faced 10 years in prison, but the judge took into account his confession, loss of a job, and no criminal record. Khoo was assigned 300 hours of community service and psychological counseling.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to CryptoCurrencies [link] [comments]

Crypto Weekly News — September, 25

Cryptocurrencies

Bitcoin Is About To See Its Largest Quarterly Options Expiry Ever
One factor that could contribute to cryptocurrency instability shortly is the inevitable expiration of 87,000 quarterly BTC options contracts. Traders who roll back these positions or close them before the close may cause some turbulence.
Ripple Expands Partnership With Bill & Melinda Gates Foundation Via Mojaloop
India's leading digital payment platforms PhonePe and Ripple have joined as sponsor members. As a sponsor, Ripple will contribute to the development of strategic vision, corporate governance, and technical guidance to ensure the long-term health and growth of the Mojaloop open source community.
IOTA: First SOCIETY2 Product Will Be Available To Use Very Soon
As announced, Secrets will be a messaging app that will allow its users to send private peer-to-peer messages and add users to a private group. The first product of the ecosystem is in the final stages of development.
IOTA: Eclipse Foundation Makes First Commit For Tangle Marketplace Project
The Tangle Marketplace received its first commit from the Eclipse Foundation. As part of a collaboration between IOTA and the Tangle EE Working Group, the project aims to advance use cases in the digital economy through the IOTA Tangle. Besides, the team is also developing the Unified Identity project.
SUSHI Faces Massive Sell-Off Following Uniswap’s Token Launch
SUSHI was among the worst-performing cryptocurrencies this week. This is because Uniswap launched its UNI token. Sushiswap fell just over 16% in 24 hours. On Thursday alone, the SUSHI/USD exchange rate fell more than 10%, trading at $1.357 per token.

Projects and Updates

BitMart Exchange Partners With Top Cybersecurity Solutions Provider
The partnership with cybersecurity firm Hacken should make cryptocurrency trading more secure. BitMart Exchange calls the new development a revolutionary innovation. The new technology will monitor the security of the platform while ensuring that the site is resilient to future hacking attempts.
VeChain Presents VerifyCar At BMW Group’s ‘Digital Innovation Day’
The blockchain-based platform will collect vehicle data such as mileage, repairs, and additional services. The decentralized app will run on the VeChainThor blockchain, which will provide security and data protection. BMW emphasizes that VerifyCar users will have more control over their data.
Bitfinex Adopts Lightning Network’s ‘Wumbo Channels’
The platform has opened three Wumbo Channels to avoid the inherent Lightning Network bandwidth limitations of 0.1677 BTC. Each channel has a limit of 5 BTC. According to representatives of the exchange, these are the largest channels in the Lightning Network.
Binance Creates ‘Innovation Zone’ To Let Only Select Users Trade New DeFi Tokens
Binance is positioning the new service as a safe haven for trading high volatility DeFi assets. Binance CEO Changpeng Zhao noted that the platform needs to add new popular tokens to remain competitive.
KuCoin Establishes Strategic Partnership With Poloniex To Elevate Digital Asset Exchange Industry
The initiative involves the creation of a research organization. Representatives of the sites note that the cooperation will help them make the most of the opportunities of the cryptography and blockchain industry.

Hacking

KuCoin Group Issues A Warning About Phishing Sites
Users are warned that kucoin-exchange.net is not affiliated with KuCoin Group and is a fraudulent domain. To avoid these types of scams, users are asked to be careful and avoid links from domains similar to the official ones.
Twitter Tightens Security Ahead Of US Presidential Election
Additional measures include stronger passwords, password reset protection, and two-factor authentication. The service will also update the internal system to quickly respond to suspicious activity.
Korean Police Summon Bithumb Chairman For Fraud Investigations
According to the police, Lee Jung Hoon organized a pre-sale of the native Bithumb BXA token, which never made it to the listing. The estimated damage to investors was around 30 billion won (~$25 million). The second charge is related to the overseas real estate of the chairman of the exchange. Law enforcement agencies speculate that Hoon was tax evasive.
Australian Man Caught Mining On Supercomputers Avoids Jail
In 2018, Jonathan Khoo worked as a contractor for the Commonwealth Scientific and Industrial Research Organisation (CSIRO). Using two government supercomputers, he mined Ethereum and Monero worth almost $6,897 in a month. Mining cost the agency $56,133. The man faced 10 years in prison, but the judge took into account his confession, loss of a job, and no criminal record. Khoo was assigned 300 hours of community service and psychological counseling.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to u/CoinjoyAssistant [link] [comments]

30+ Reasons Why Cryptocurrencies Are Worthless

1)It is possible to change the code through a miner vote or a fork and change the total supply or anything. DASH did it : they reduced the total supply from 84M to 18.9M a few years ago. They could also increase it to 999 Trillions if they wanted to so that millions of DASH are mined every week.

2)You can also fork bitcoin anytime , start over from 0 and claim it's the real bitcoin. (BCH , BSV , BTG , LTC , BCD etc)

3)Why would you pay $10,000 for a digital collectible unit called BTC when you can use BCH or TRX or LTC .. you name it. They work just as fine and cost less. There is no rarity like in gold.

4)Think of any amount you hold in ethereum as a gift card to use smart contracts on the ETH blockchain. Ridiculous. You’d rather hold a wal mart gift card or even simply cash.

5)Private keys may be bruteforced as we speak. Quintillions entries a second. When they’ll have enough bitcoins under control , they could move them all at once instantly.(At least 45,000 ETH have been stolen this way for now through ethereum bandit)SHA 256 is too old , bitcoin is 10 years old , it is not secure enough , quantum computing could potentially break it.

6)And that’s if people don’t find a way to create an infinite amount of coins to sell on exchanges.. it happened with monero , stellar , bitcoin , zcash , zcoin , eos , etc..

proofs :

“Bitcoin , Coindesk : “The Latest Bitcoin Bug Was So Bad, Developers Kept Its Full Details a Secret”an attacker could have actually used it to create new Bitcoin — above the 21 million hard-cap of coin creation — thereby inflating the supply and devaluing current bitcoins.”

Stellar : “Stellar Inflation: Glitch Leads to 2.25 Billion Extra XLM Printed”

Monero : “A bug in the Monero (XMR) wallet software that could enable fake deposits to exchanges has been recently brought to public attention through a Medium post”

Zcoin : Forged coins were created, but not exceeding 1% of the circulating supply. We will release further details on exact numbers when Sigma is released.

EOS : “Hackers Forge Billion EOS Coins to Steal Real Crypto From DEX “

Zcash : “Zcash Team Reveals It Fixed a Catastrophic Coin Counterfeiting Bug” etc..

7)Segwit , and especially Lightning network is a very complex technology and it will inevitably have flaws , bugs , it will be exploited and people will lose money. That alone can cause bitcoin to drop very low levels.

8)Then miners may be losing millions so they will stop mining , blocks may be so slow , almost no transaction will come though , and bitcoin may not have enough time to reach the next difficulty adjustement. This is reffered to as a death spiral. Then every crypto even those with no mining involved may crash hard.

9)Many crypto wallets are unsafe and have already caused people to lose all their investment , including the infamous “parity wallet”.

10)It is NOT trustless. you have to trust the wallet you’re using is not just generating an address controlled by the developper , you have to trust the node the wallet connects to is an honest node , you have to trust a Rogue state or organization with enough computing power will not 51% attack the network. etc..

11)Bitcoin is NOT deflationary. Bitcoins are created every blocks (roughly every 10 minutes) and you wil be dead by the time we reach the 21 million current hard cap.

12)Bitcoin price may artificially be inflated by Tether.

13)It’s an energy waste , an environmental catastrophy.

14)The only usecases are money laundering , tax evasion , gambling , buying on the dark net , evading sanctions and speculation.

15)Governments will ban it if it gets too big , and they have a big incentive to do so , not only for the obscure usecases but also because it threatens the stability of sovereign currencies. Trump could kill bitcoin with one tweet , force fiat exchanges to cease activity.

16)Most cryptos are scams , the rest are just crazy speculative casino investments.

17)It is pyramidal : early adopters intend to profit massively while last comers get crushed. That's not how money works. The overwhelming majority of crypto holders are buying it because they think they will be able to sell it to a higher price later. Money is supposed to be rather stable. That's why the best cryptocurrencies are USDT USDC etc..

18)The very few stores accepting bitcoin always have the real price in the local currency , not in bitcoin. And prices like 0.00456329 BTC are ridiculous !

19)About famous brokers listing bitcoin : they have to meet the demand in order to make money , it doesn't mean they approve it , some even short it (see interactive broker's CEO opinion on bitcoin)

20)People say cash is backed by nothing and losing value slowly , and yes it is very flawed , but there is a whole nation behind it , it's accepted everywhere , you can buy more things with it.

21)Everybody in crypto thinks that there will be a new bullrun and that then , they will sell. But because everybody thinks it will happen , it might not happen. The truth is past performance doesn’t indicate future performance and it is absolutely not guaranteed that there will ever be another bullrun. The markets are unpredictable.

22)Also BTC went from about $0.003 to the price it is today , so don’t think it’s cheap now.

23)There is no recourse if you’re scammed/hacked/made a mistake in the address etc. No chargebacks. But it might be possible to do a rollback (blockchain reorganization) to reverse some transactions. BSV did it.

24)In case of a financial crisis , the speculative assets would crash the most and bitcoin is far from being a non speculative safe heaven ; and governments might ban it to prevent fiat inflation to worsen.

25) Having to write down the private key somewhere or memorize it is a security flaw ! It’s insane to think a system like this will gain mass adoption.

26) The argument saying governments can not ban it because it is decentralized (like they banned drugs) doesn’t work for cryptos. First , drugs are much harder to find and much more expensive and unsafe because of the ban , and people are willing to take the risk because they like it. But if crypto is banned , value will drop too much , and if you can’t sell it for fiat without risking jail , goodluck to find a buyer. Fiat exchanges could close. Banks could terminate every crypto related bank account. And maybe then the mining death spiral would happen and kill all cryptos.

27) Crypto doesn’t exist. It’s like buying air. It’s just virtual collectibles generated by a code. Faguzzi, fugazzi, it’s a whazzie, it’s a whoozie.. it’s a.. fairy dust. It doesn’t exist. It’s never landed. It’s no matter, it’s not on the elemental chart. It… it’s not fucking real!

28) Most brilliant guys have come out and said Bitcoin was a scam or worthless. Including Bill Gates , Warren Buffet , The Wolf Of Wall Street…

29) Inflation is necessary for POW , BTC code will have to be changed to bypass the 21M cap or mining will die ! If BTC code is not changed to allow for miners to be paid reasonably , they will cease mining when the bitcoin block reward gets too low.Even monero understood it ,the code will have to be changed to allow for an infinite bitcoin supply (devaluating all current bitcoins) or the hash will decrease and the security of bitcoin will decrease dramatically and be 51% attacked

30) Don’t mix up blockchain and cryptos. Even blockchain is overrated. But when you hear this or that company is going blockchain , it doesn’t mean they support cryptocurrencies.

31) Craig Wright had a bitcoin mining company with Dave Kleinman (he died) and on january 1 2020 he claims he will be able to access the 1.1M BTC/BCH/BTG from the mining trust. He may or may not dump them on the market , he also said BTC had a fatal flaw and that by 2019 there will be no more BTC.

32) Hacks in cryptos are very common and usually massive. Billions of dollars in crypto have been stolen in the last 6 years. In may 2019 Binance was hacked and lost 7,000 BTC (and it’s far from being the biggest crypto hack).

33) Bitcoin was first. It's an ancient technology. Newer blockchains have privacy, smart contracts, distributed apps and more.Bitcoin is our future? Was the Model T the future of the automobile? (John Mc Afee)

34) IOTA investiguating stolen funds on mainnet. IOTA shuts down the whole network to deal with trinity wallet attack.

35) Compared to bitcoin other cryptos work just as fine and don't waste so much energy.

36 ) Everytime miners disagree on the updates it will create another version of bitcoin : problem of governance and legitimacy.

37) Cryptos are only legitimate if they act as a credit for a redeemable asset like USDT or gold backed coins.


While the native language of the writter is not english , I think you get the point and it doesn't make it any less relevant.
submitted by OverTheRedHills to u/OverTheRedHills [link] [comments]

Re-Launching The Borderless, Unkillable Crypto-Fiat Gateway, DAIHard. Enter or Exit Crypto via Any Fiat and Any Payment Method, Anywhere in the World, Without KYC. All you need is a little Dai.

Some of you might recall recall our initial facepalm failed launch about 3 months ago (post-mortem here). Well, we're back--this time with an audit and some new features. This version of DAIHard should should die a little harder this time ;)

The Audit

After shopping around a bit in the auditor space, we decided to go with Adam Dossa--the very same Adam Dossa that actually found our launch vulnerability and responsibly disclosed it to us! You can see his report here. By the way, Adam has been a gem: friendly, professional, timely, and flexible. Definitely keep him in mind if you need an audit!

(Re)Introducing DAIHard

Following is an updated version of our original launch post. If you've already read that, you might want to skip to the heading What's New in v0.9.2. Or you can go straight to the app or go to our info site for more info!
Here is a legitimate concern most of us are familiar with:
To enter or exit the crypto economy, we rely on centralized exchanges such as Coinbase, which track their users, impose limits, and are tightly coupled to their jurisdiction and its banking system. And for all we know, any day now regulations could start tightening these controls further (*we've actually seen some of this play out in the two months since our first launch post). In light of this, can we say in any meaningful sense that crypto is anonymous, limtiless, borderless, immune to regulation, and (most importantly) unstoppable?
To really address this concern, we need a completely decentralized gateway between fiat and crypto: something that extends the benefits of crypto to the very act of moving between the old and new economies. But the design of such a platform is far from obvious.
(Localethereum comes close, but as discussed under Unkillable, it doesn't quite cut it. And Bisq is decentralized, but has significant UX hurdles.)
We believe we've found a solution. We are proud to present:

DAIHard v0.9.2 - Almost Definitely Not Broken This Time

If you want to jump right in, we recommend first watching our latest usage demo (7 min), then diving in and giving it a shot with a small amount of Dai. (Try it on Kovan first if mainnet is too scary!)
DAIHard extends many of the promises of crypto (borderless, anonymous, limitless, unstoppable) into the exchange mechanism itself, allowing anyone, anywhere to bypass centralized exchanges and the control they impose.
More concretely, DAIHard is a platform, run on smart contracts, for forming one-off crypto/fiat exchanges with other users, in which:
Again, our latest usage demo (7 min) shows this process in action.

Two drawbacks

You Need either xDai, or both Dai and Ether, to Use The Tool (At Least For Now)

If you want to buy Dai on DAIHard, you must already have Dai--1/3 of the amount you want to purchase--to put up as a burnable deposit. For example, if you only have 10 Dai now, you can only commit to buying 30 Dai, and must complete that trade before using the newly bought Dai to open up a bigger offer (for up to 120 Dai that time).
Most tragically of course, this means that if you don't already have some crypto, you can't use this tool to get crypto--this is why we avoid calling DAIHard an onramp specifically. This comes from the fact that both parties must have "skin in the game" for the game theory to work, and a smart contract can only threaten to burn crypto.
We have some ideas on how to address this drawback in the not-too-distant future, which we'll write about soon. For now it's time to launch this thing and get some users!

Dangerous and Scary To Use

In rare cases, a user may have to burn Dai and face a loss on the entire trade amount. The necessity of this ever-present risk is explained in detail in DAIHard Game Theory.
However, a cautious, rational user can gather information (possibly via our [subreddit](daihard)!) about how people have used the tool, successfully and unsuccessfully. They can then create a buy or sell offer with wisely chosen settings based on what has worked for others. Other cautious, rational users can find this offer and commit to the trade if they dare. We expect the vast majority of committed trades should involve rational, cautious users, and should therefore resolve happily.
Still, inevitably there will be sloppy trades that result in burns. As the tool is used, we'll be keeping a close eye on the frequency of burns and keeping you guys updated (perhaps via a "System Status" utility similar to the one found on MakerDao's explorer). In the end, though, we expect the risk in using DAIHard to be comparable to the risk of using any exchange or DNM: ever-present but low enough for the platform to be useful as whole.
So, while DAIHard will never shut down and can't perform an exit scam, the bad news is it's not risk-free. Users will have to approach DAIhard with the same level of caution they would with any new exchange (albeit for different reasons and with a different approach).
So what's the good news?

The Good News

While these drawbacks are significant, they enable some remarkable features that no other crypto/fiat exchange mechanism can boast.

Unkillable

(Correction: Bisq seems to have a decentralized arbitration system)
We are aware of no other crypto/fiat exchange platform that is truly unkillable. Bisq and localethereum comes close, but both localethereum relies on centralized processes of arbitration. This means their fraud-and-scam-prevention system can be sued, jailed, or otherwise harrassed--and if that part stops working, it doesn't matter how decentralized the rest of the system was.
DAIHard, in contrast, gives the users the power to police and punish each other, via the aforementioned credible threat of burn. This is simple game theory, and the rules of this game are etched permanently into the DAIHard Factory and Trade contract code: impervious to litigation, regulation, and political pressure.
This Factory contract has no owner and no suicide or pause code. It cannot be stopped by us or anyone else.
Like Toastycoin, this thing was immortal the moment it was deployed (even more immortal than RadarRelay, for example, which does rely on an ownership role). Both DAIHard and Toastycoin (and probably whatever we build next) will last for as long as a single Ethereum node continues mining, and it will remain easy to use as long as someone can find the HTML/JS front-end and a web3 wallet.
(The HTML/JS front-end (built in Elm, by the way, with the lovely elm-ethereum!) is currently hosted on Github pages, which is centralized--but even if Github takes down the page and deletes the code, it's a minor step to get the page hosted on IPFS, something that is on our near-term roadmap in any case)

No KYC, No Limits

It's smart contracts all the way down, so DAIHard never asks any nosy questions--if you have Metamask or some other web3 wallet installed and set up, with some ETH and Dai (or just xDai), you can immediately open or commit to a trade. You don't even need a username!
(In fact, we're so inclusive, even machines are allowed--no CAPTCHA here!)
You're limited only by the collateral you put up, so if you have 10,000 Dai you could open up a buy offer for 30,000 Dai (or a sell offer for 10,000 Dai) right now.
We do reccommend trying the tool out first with a small amount of Dai... But we're not your mom! Do what you want!

Borderless

It simply doesn't matter where you are, because DAIHard doesn't need to interface with any particular jurisdiction or payment system to work. DIAHard works by incentivizing people (or robots?) to navigate the particular real-world hurdles of bank transfers, cash drops, or other fiat transfer methods. These incentives work whether you're in America, Zimbabwe, or the Atlantic; they work whether the fiat is USD, EUR, ZAR, seashells, or Rai Stones; and they work whether your counterparty is a human, an organization, a script, or a particularly intelligent dog with Internet access.

Any Fiat Type, and Highly Customizeable

Here are some examples of the types of trades you might create or find on DAIHard.
As the DAIHard community grows, users will doubtless find much more creative ways to use the system, and we will discover together which types of trades are reliable and which are more risky. Because users can set their own prices and phase timeout settings, we expect the risky trades to charge a premium or have longer time windows, while the reliable ones rapidly multiply at close to a 1:1 price ratio, with quick turnaround times.

Extensible (with profit) by Third Parties

Not satisfied with our interface? Do you have some nifty idea for how to display and organize user reputation? Or maybe some idea for how trades could be chained togeher? Maybe you'd like to design a notification system for DAIHard? Maybe you just want a different color scheme!
Well, you won't need our permission to do any of this. Any tool that watches the same Factory contract will share the pool of trades, regardless of which tool actually creates the trade. This means we don't even have to fight over network effects!
And if you look closely at our fee structure, you might notice that only half of the 1% DAIHard fee is "hardcoded" into the Factory contract. The other half is set and charged by our interface. What does this mean for you? If you go out and make a better interface, you can essentially replace half of our 1% fee with your own fee--it's up to you whether it's smaller or larger than the replaced 0.5%.
The reason for this is to explicitly welcome other developers to extend what we've built. For as long as our team is the only one improving the platform, a threat to us is a threat to future upgrades. But if others begin extending the DAIHard platform too, then DAIHard will not only be unstoppable as it is today, but also grow unstoppably.

(For Real This Time) This Is a Big Fucking Deal

DAIHard is a turning point in crypto and a breakthrough in decentralized markets, and is an irreversible augmentation of the Ethereum platform.
What we've built is a gateway to crypto completely devoid of centralized components--rendering entry and exit to crypto unkillable, flexible, borderless, and private. Centralized exchanges, and the control they impose, can now be bypassed by anyone with Dai and a web3 wallet.

What's New in v0.9.2

There have been many changes made since our first failed launch, but there are two rather important ones: xDai support and reputation tools.

xDai support

DAIHard is now operational on xDai, a sidechain whose native token (xDai) is pegged to the Dai (and therefore $1). Add the xDai network to your Metamask (or just install Nifty Wallet), then switch to the xDai network in your wallet, to try it out. xDai has some pretty incredible benefits, compared to vanilla Ethereum:

Reputation tools

We now have a few reputation tools. First, on any open trade, there is a widget showing the number of releases, aborts, and burns the given address has been involved in as that role (buyer or seller). Clicking on this expands the widget to show more detailed information, and also provides a link to a page that lists each trade this user has been or is involved in.

What's next?

We have tons of ideas on how to improve the product--too many, in fact, to commit to any before we get a good chunk of user feedback. Here are some of our favorite ideas:

Near-Term, Smaller Features

  1. Lots of usability improvements.
  2. A "System Status" utility similar to the one found on MakerDao's explorer).
  3. Marketplace / My Trades rework.
  4. A "QuickTrade" page, offering Trade Templates as an alternative to the current Create Offer page.

Big Exciting Features

  1. Bootstrapping people with no DAI via other mechanisms and community outreach.
  2. Partial commits to trades. eg. Place a 10,000 DAI trade and allow it to be picked up in blocks larger than 500 DAI at a time.
  3. More chains, get this thing working on Bitcoin via Rootstock, on Ethereum Classic and Binance Chain.

Stay Informed!

A lot of the above features will be prioritized more clearly as we get user feedback, and we will be posting fairly frequent updates and articles on our info site. If you don't want to miss anything, note the subscribe widget and sign up!
submitted by coinop-logan to ethereum [link] [comments]

Coinbase has secretly changed their terms for bank transfers from May 2nd and people are falling victim to predatory practices.

See these threads for similar issues:
https://np.www.reddit.com/CoinBase/comments/8i7bzu/all_of_a_sudden_i_have_to_wait_5_days_to_send/
https://np.www.reddit.com/Bitcoin/comments/bmz9u6/uk_bank_transfers_to_coinbase_big_changes_to_rules/
Among many others.
The process used to be - send money to Coinbase, let's say £100. When you send via bank transfer it turns up within the hour and then you deposit that into Coinbase Pro (formerly GDAX) and then send on to Binance or wherever, overall fees were like... 15p
Now, when you deposit into Coinbase, the funds are locked for 5 days, for UK, EU and US customers. You are totally unable to move them to Coinbase Pro, so your only choice is to convert direct to ETH or BTC from Coinbase and eat a fee that's something like 4%.
Email support gives you this line:
For your account’s security and to prevent any potential fraudulent activity, you will be unable to withdraw these funds or send the value of this deposit from Coinbase for 5 calendars days after deposit.
Which is funny, because I can just convert it to BTC or ETH straight on Coinbase and then send it wherever I please.
So if I was accessing John Smith's account fraudulently, I could transfer his money into his Coinbase account, swap it for BTC and shoot it off to anywhere in the world within the hour.
This does NOTHING for safety and security, it's simply a means for Coinbase to force you into eating their 4% fee. In fact, you can't even withdraw back to your bank account. Your money is literally stuck for 5 days in Limbo and the only way to "Get out of Jail" early is to pay the 4% fee.
Coinbase, fuck you. I'm not using this shit any more.
For anyone in the UK, get a free Revolut account, aside from being an awesome travel card, you can send GBP and exchange it to Euro instantly at an Interbank exchange rate. Then send this Euro to Bitstamp where you have the freedom to exchange it for many different Crypto's and send those on to Binance or your exchange of choice for a miniscule fee.
Fuck you Coinbase.
submitted by TNGSystems to CryptoCurrency [link] [comments]

My Crypto taxes in Germany - 2017(18), actual status

Ola ppl,
yesterday I finally had my "date" with my official tax accountant from a major German tax union in Hessen. He does all my official tax work and is legally responsible for my tax return. Since I had some trades in 2017 with BTC, (and a lot in this year!), I was looking forward to this meeting to get all my crypto-tax questions cleared.
The state is as follows:
The German Finanzamt doesn't know how to tax crypto, again. There was a EU judgement (case „Hedqvist“, C-264/14) in 2015 which defines Bitcoin and Crypto as currency and therefore can’t be taxed. This view has also been strengthened by the German Federal Financial Supervisory Authority (BaFin) in this year (2018) which has the same view on Crypto. This resulted in the "mess" that we are in (for us in Crypto in Germany it is great actually) tax regarding.
To sum it up, this was told to me from my Tax-man, for a private person doing private trades:
  1. I dont need to report anything Crypto related. Not my BTC buys, not my binance trades, no airdrops, no mining, no passive income from holding, nothing.
  2. The German Finanzamt simply doesnt care for cryptos now, the volume and tax amounts are insignificant and it is now defined as currency-type again. If you are not dealing with SIGNIFICANT amounts of €-value in Cryptos, nobody will even ask you about anything. If you are dealing whit amounts which raises the questions of the "Finanzamt" (hence "Significant"), it is about money laundering and the likes of.
  3. The "Finanzamt" has, for now, no LEGAL way of requesting/tracking trades on crypto-exchanges (except for cases when they go to court), since exchanges are not official banks/financial institutions, they have no legal authority over them. In turn, Crypto exchanges have no official/standardized way of reporting taxable trades/buys/etc... like financial institutions have. No one is going to manually track and calculate your trades unless they are said to do it by court (again, example money laundering and such cases)
  4. I can and should keep a record of my trades IF the legal situation changes. It is highly unlikely, but you never know.
  5. I should never invest more than I can afford, and don’t put everything in Crypto
Cheers
tl;dr: For now, in Germany are NO TAXES to pay on anything crypto related. Cryptos are defined similar to currency and not taxed.
EDIT: I see this is blowing up, I will try to directly talk to the "Finanzamt" about this since the opinions and experiences range from: " You are fucked and going to jail" to "Great, thats it".
EDIT 2: German "Finanzamt" doesnt give statments regarding procedures, I shall contact a legal tax adviser or preferably a union. You cant make that shit up. Back to square 1, will make a second meeting with a different adviser to check it explicitly on that matter. What a legal swamp....
submitted by dmx442 to CryptoCurrency [link] [comments]

After researching what is currently available, I've come to my conclusion of what happened with the BitGrail fiasco.

There are plenty of resources out there to explain all of the different transactions being moved around and plenty of different related bugs that have been reported. I was one of the original ones that realized there were some very suspicious transactions moving large quantities off the exchange. After spending the past few days digging through everything it seems pretty obvious to me what's occurred. Again unless we can get access to BitGrail's database and actually view transactions inside his application before it's broadcasted on the node there's no way to be sure of any of this. This is just an educated guess and again it's just my opinion on what has occurred over the last few months after weeks of research.
Back in OctobeNovember there were reports of double deposits of mainly Ethereum (probably due to the congestion at the time somehow related to his code) as well as some other currencies on the exchange. This combined with a javascript bug on the withdrawal button click where instead of doing all business logic on the back end the business logic seemingly just returned an abort message if the user either, didn't have enough funds, etc. This could easily be bypassed after finding what the actual post call was going to if it was not aborted and filling out the parameters correctly. I'm still unsure whether this let users simply withdrawal additional funds over the withdrawal limit or not but definitely funds they didn't have (and this was not just related to nano but all funds).
So what happened after that and why is only Nano effected?
Simply, it wasn't.
I truly believe Bomber became WAY more insolvent then he currently is and actually used the market effectively to recoup a ton of his stolen funds. I do believe the funds originally were stolen and don't believe (outside of it being his fault for shit code) that he meant to steal funds. If you've followed his twitter you will know how incompetent he actually is. He clearly has mislead the public, in likely a criminal manner, to buy himself time to try and recoup the funds.
I believe what followed though was a well thought out attempt to avoid jail time once he realized the situation he was in and the nano price started to surge. He used the insane increase in nano price to move large quantities off the exchange and sell on mercatox and kucoin. You can see in my previous post and others the insane withdrawals that started to take place. I do believe this was Bomber trying to sell off nano at what he perceived was a high price to recoup his funds. At the time he controlled the market and he could seemingly close withdrawals, or do something else to crash the market.
Then Kucoin happened...
Then Binance happened...
The price was at $10 which everyone thought was insane, and there goes 15...20...25... Around this time with all the hype was when the "problems" with BitGrail started and seemingly he couldn't keep the price down. He started moving more nano off during this time but it wasn't enough. Now he had become solvent in all currencies except he sold off the majority of his nano to recoup his losses on others.
This is when the KYC bull shit and withdrawal freezes started to kick off. They tried to drive the price down, specifically on his own exchange and started to buy up nano from his own exchange's users using excess bitcoin to make him seem even more solvent. But this clearly wasn't going to work as more and more people were leaving the exchange and clearly no one was going to deposit to him anymore. DKmastaPLayA also pointed out about trying to push people for the account closure option. Already seemingly solvent in bitcoin, he is forcing people to exit the exchange in a solvent currency and using the fees to buy cheap nano which he can continually arbitrage. He probably thought way more people would do this than they did, so he even lowered the withdrawal fees and started getting more and more people to do it (myself included) by processing them within hours of going through. Then the account closures stopped and way more people chose to leave their nano on BitGrail and not choose this option than he thought. He was out of ideas.
His last decision was to leave him only insolvent in nano and try to blame it on a protocol bug. Actually pretty clever as obviously no one is going to believe that if he wasn't solvent in every other coin, or if he tried to blame a coin that has been around as long as ethereum/bitcoin.
People do crazy things when faced with things like this and after he lost what was at the time probably millions of dollars that turned into much much more, he probably panicked. But simply, he is screwed. There's way too much evidence he refused to cooperate with the team, and let's be real, if it was a protocol problem all our wallets would be fucked. His only hope of avoiding jail time is if the nano team is too busy to fly out to Italy to testify in a year or two to correct Francesco when he starts spewing bull shit technical terms to a jury of peers.
submitted by dles to nanocurrency [link] [comments]

CSW: I am Satoshi Nakamoto. I created Bitcoin - [BitKan 1v1] Craig Wright vs Jiangzhuoer

bitkan.pro aggregates all trading depth of Binance Huobi and OKEx. or Try our APP!
https://preview.redd.it/csnm617kv8d31.png?width=1058&format=png&auto=webp&s=26b7995effc85781365cbcd2ad56c5bd33c59af5
Question 1: Both the BCH and BSV communities think that they are the true, original bitcoin from Nakamoto. What do you think was the original idea from Nakamoto?
**CSW:**My original idea is defined in white paper for no limits. And I also described this in the P2P Foundation. It is a distributed system. Users use it to connect to each other, and the miners, to stop double Spending. I explain this further late in 2010, I basically said that the network expands to have a number of nodes that become large data center type operations, because it's not about running nodes. People who run nodes are foolish unless that making money, that's it. When I created Bitcoin, it is a overlay network of the peer-to-peer network, the top of peer-to-peer network. We did peer-to-peer. Peer-to-peer means not what you send to the network, and then another user gets it by the network. That is outside the definition of peer to peer. That is a typical centralized mesh. Why Bitcoin works is that user Alice sends to user Bob,Bob received the transaction. So Bob wrote that he received it. He sent it to the network. IP to IP was one of the fundamental parts of Bitcoin that was removed by core right after I left, basically, I fix Bitcoin and I had the lay out in the first place. There's no question that what happened, and whatever else and what version of things Nakamoto wanted, because I am Satoshi Nakamoto. I created Bitcoin. Very soon, people will notice that. If you don't like it, I don't care.

Question 2. As the main witnesses of BTC to BCH fork, what do you think was the main reason for the fork at that point of time? Now what do you think about the fork at the time? Have you ever changed your mind?
CSW: There was a BCH fork away from Bitcoin, BTC added a number of things to make cryptocurrency more anonymous, which makes it illegal, which means the government can shut it down. Don’t ever believe the government can’t stop bitcoin. Government, the US government and Chinese government could stop bitcoin in a heartbeat. They are going to follow international law to shut down. The Liberty Reserve closed down involved 42 countries working together. It involved basically a distributive system of 10,000 different operations. Not Raspberry pie nodes because it is only 15 real BTC nodes, operators to ran money system. We can't work to unable governments to see machines. If the criminal use of bitcoin is to become anonymous that government can seize machines, can arrest people, can torture by law. The American government can enforce orders in China. So BTC wanted to make something that was not bitcoin. It wanted to change bitcoin further. So BTC split away from bitcoin. That's the fork. Bitcoin didn't change. I make sure we kept going. Jihan and Bitmain. I would like to have a talk about what we are planning, and the mining, we are building. Jihan and Bitmain, took the information to go into confidence and make sure that there was a fork. So this fork happened because Jihan and Bitmain are basically a bunch of lying stuff, and that would be found out later. The second fork was only last year. That was with BCH. Just to keep it simple. Bitcoin vary again. There’s no system of bitcoin is out to try to make it illegal, to make it criminal, to make it anonymous. Roger Ver, who helps from things like Silk Road and Charlie's friend money laundering operation, which Charlie's friend went to jail for. Other people like them that invested a lot of the dark websites, which all under investigation at the moment, which will be founded to watch in the next several years. People like Roger and even Jihan, wanted to use bitcoin to take the illegal money and transfer, they want it to be a dark web system. So they added extra objects to change the bitcoin further. They try to allow it to be more anonymous in a different way. So the simple thing is, there is bitcoin as I created, and there is bitcoin designed to be illegal and then it forks.

Question 3. Finally, can we invite Dr. Craig and Mr. Jiang to talk about each other's technology l and vision? What is the most worthwhile point to learn?
**CSW:**Sorry, I don’t look at those broken versions of bitcoin. I have no interest in learning about how people don’t want to understand bitcoin, how about you want to see the value and how they want to create the system or see these cryptocurrencies in the 90s. If people want to do that, that’s all their choice, but I am not interested in watching them go down in flames. Thank you.

Jiang asked CSW: You have ever wondered why there isn't a 0 in Base58 encodings. (Satoshi, the creator of Base58 explicitly took out 0 and O to avoid confusion). Why didn't you even know the Base58 encoding if you are Satoshi?
https://www.reddit.com/btc/comments/9apx40/professor_technobabble_wondering_why_there_isnt_a/
CSW: He's supposedly trying to mislead the audience by making out the checksum to pass off the transaction. He is basically trying to lie to the people and the audience, making them seen that I don’t understand bitcoin. If you look at why it works, the address was not part of the bitcoin. Bitcoin is a wallet, exchange peer-to-peer with the template. Basically, why does this work is that you have is a transaction that has a checksum to send between wallets. That checksum is a relevant. It never goes into the bitcoin network. The checksum is added only to ensure the transaction to the network while a wallet is correct. The original version of bitcoin didn’t eventually work that way. So what he is trying to mislead you is to say is what I don’t understand checksum etc., which is the lie propagate by people like Bitmain, where insists what it is you do a checksum of the code and then you hand it up. And the third part of this is very simply put. Without the checksum, the transaction sends to the network properly. The checksum is purely a wallet function, so you can add any checksum function and Wormhole would allow this work. Wormhole was an attempt to make an illegal system. Wormhole is another of these things because Jihan and the others wanted to take money out of China. They work with people to do money laundering, so the value that they see of bitcoin is to help money laundering. So they want to try and lie to people and make it that I don’t understand this technology, because they want to keep their money laundering scam going. So if you actually look at my posts, you will see that I've already explained the checksum in details. If you look at the work bitcoin transaction, you will see there has no transaction checksum. No one wants you to look at that because they want you to stay stupid and ignorant, because spending money out of you requires that you are dumb.


Digest from [BitKan 1v1] debate.
bitkan.pro aggregates all trading depth of Binance Huobi and OKEx. or Try our APP!
https://preview.redd.it/xxqshq8ov8d31.png?width=640&format=png&auto=webp&s=ca6e81c7fc3bff81a87df06e494ef320ca387416
submitted by BitKan to bitcoincashSV [link] [comments]

You think only Ali has Agents of SHIELD? A higher level of security is here

You think only Ali has Agents of SHIELD? A higher level of security is here

On May 8th, according to the official announcement of Binance, the Binance exchange discovered a large-scale security vulnerability, and the hacker was able to obtain a large number of user API keys, 2FA codes and other possible information to steal the token assets. At 17:15:24 on May 7, the hacker stole 7,000 bitcoins from the coin-hot payment system at block height 575012.

https://preview.redd.it/6nuzch81lst31.png?width=692&format=png&auto=webp&s=0e5fbdc437e21a56e0c6ad14179263493ff44c46
After the theft of the coin, BNB fell 5% in half an hour and quickly fell below $20. Then Binance announced that, due to security vulnerabilities, Binance will take about one week to conduct a thorough security check, during which time the recharge and withdrawal will be suspended to ensure that the trading market is not affected.
Although Binance announced that the "SAFU Fund" will be used to fully bear the full loss of this attack, no user has any losses, but the impact of user panic caused by the coin theft incident cannot be eliminated in a short period of time.
Faced with the frequent occurrence of coin theft in trading platforms, people can't help but ask why Alipay will not be hacked by hackers.
According to relevant statistics, more than 400 million users use Alipay in China, and the total amount of user assets is immeasurable. This number should be more attractive for hackers, but why is Alipay not hacked?
According to the reason spread on the Internet, the reason why we can use Alipay with peace of mind is because Alipay has a department like Agents of SHIELD. In other words, it is not that hackers do not want to attack Alipay, but they do not have the ability to attack. It is said that the "Agents of SHIELD" will recruit hackers who attack Alibaba. If the hacker can break through the firewall, they will ask the hacker to work in Ali, offering a very generous salary. In addition, even if the last line of defense of the Alipay system was also broken, it was proposed that the transfer network was strictly regulated by the legal currency, which could not be taken away, and could be traced and lead to jail.
For hackers, attacking Alipay is a very unwise choice, not to mention the high level of difficulty, but also to bear the high risk. Compared with the attack Alipay, hacking the token trading platform in the black blockchain field is much easier. As long as there is a loophole in the token trading platform, it gives the hacker a chance. Due to the anonymity of the blockchain transaction, the assets of the trading platform can hardly be recovered after it is lost.
So for hackers, some trading platforms are comparable to "ATMs."
Nowadays, the popular exchanges are still in the development stage of centralization, and the incident of coin theft is almost inevitable. In addition to being attacked by hackers, the situation of inside job of the trading platform has also occurred from time to time. Then, how should the asset security of the token holders be maintained?
The emergence of the new digital payment system TarK payment system provides a new idea for solving the problem. The TarK payment system is a decentralized payment system developed and based on the fourth generation of blockchain technology. In addition to storing the token assets, it also supports payments of all token assets and cross-chain transactions. Tark combines two major features of anonymity and security, as well as six advantages of multi-currency, second-speed, multi-account system, offline signature, multiple verification, and open third-party ecosystem.
Today we are going to emphasize the security protection advantages of the TarK payment system. Tark payment system is the world's first dual-form cold payment system security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’token asset and can escort the user's token assets!
In addition, Tark payment system will automatically open the never networking mode during idle use, build transactions and signatures at cold end, conect the network and broadcast transactions at hot end, to create a solid protection shield for the token assets, completely eradicate network hacking and resist asset risk caused by various reasons.
TarK payment system provides you with stronger security protection than “Ali’s Agents of SHIELD”, so you can stay away from the coin theft of centralized trading platform!
Download link of Tark payment system: http://www.tarkwallet.com/download/down.html
submitted by gswt to u/gswt [link] [comments]

You think only Ali has Agents of SHIELD? A higher level of security is here

You think only Ali has Agents of SHIELD? A higher level of security is here

On May 8th, according to the official announcement of Binance, the Binance exchange discovered a large-scale security vulnerability, and the hacker was able to obtain a large number of user API keys, 2FA codes and other possible information to steal the token assets. At 17:15:24 on May 7, the hacker stole 7,000 bitcoins from the coin-hot payment system at block height 575012.

https://preview.redd.it/v604zhac1fr31.png?width=692&format=png&auto=webp&s=0a3fa35c87c367fd5562d824e5cb99917958854e
After the theft of the coin, BNB fell 5% in half an hour and quickly fell below $20. Then Binance announced that, due to security vulnerabilities, Binance will take about one week to conduct a thorough security check, during which time the recharge and withdrawal will be suspended to ensure that the trading market is not affected.
Although Binance announced that the "SAFU Fund" will be used to fully bear the full loss of this attack, no user has any losses, but the impact of user panic caused by the coin theft incident cannot be eliminated in a short period of time.
Faced with the frequent occurrence of coin theft in trading platforms, people can't help but ask why Alipay will not be hacked by hackers.
According to relevant statistics, more than 400 million users use Alipay in China, and the total amount of user assets is immeasurable. This number should be more attractive for hackers, but why is Alipay not hacked?
According to the reason spread on the Internet, the reason why we can use Alipay with peace of mind is because Alipay has a department like Agents of SHIELD. In other words, it is not that hackers do not want to attack Alipay, but they do not have the ability to attack. It is said that the "Agents of SHIELD" will recruit hackers who attack Alibaba. If the hacker can break through the firewall, they will ask the hacker to work in Ali, offering a very generous salary. In addition, even if the last line of defense of the Alipay system was also broken, it was proposed that the transfer network was strictly regulated by the legal currency, which could not be taken away, and could be traced and lead to jail.
For hackers, attacking Alipay is a very unwise choice, not to mention the high level of difficulty, but also to bear the high risk. Compared with the attack Alipay, hacking the token trading platform in the black blockchain field is much easier. As long as there is a loophole in the token trading platform, it gives the hacker a chance. Due to the anonymity of the blockchain transaction, the assets of the trading platform can hardly be recovered after it is lost.
So for hackers, some trading platforms are comparable to "ATMs."
Nowadays, the popular exchanges are still in the development stage of centralization, and the incident of coin theft is almost inevitable. In addition to being attacked by hackers, the situation of inside job of the trading platform has also occurred from time to time. Then, how should the asset security of the token holders be maintained?
The emergence of the new digital payment system TarK payment system provides a new idea for solving the problem. The TarK payment system is a decentralized payment system developed and based on the fourth generation of blockchain technology. In addition to storing the token assets, it also supports payments of all token assets and cross-chain transactions. Tark combines two major features of anonymity and security, as well as six advantages of multi-currency, second-speed, multi-account system, offline signature, multiple verification, and open third-party ecosystem.
Today we are going to emphasize the security protection advantages of the TarK payment system. Tark payment system is the world's first dual-form cold payment system security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’token asset and can escort the user's token assets!
In addition, Tark payment system will automatically open the never networking mode during idle use, build transactions and signatures at cold end, conect the network and broadcast transactions at hot end, to create a solid protection shield for the token assets, completely eradicate network hacking and resist asset risk caused by various reasons.
TarK payment system provides you with stronger security protection than “Ali’s Agents of SHIELD”, so you can stay away from the coin theft of centralized trading platform!
submitted by gswt to u/gswt [link] [comments]

You think only Ali has Agents of SHIELD? A higher level of security is here

You think only Ali has Agents of SHIELD? A higher level of security is here

On May 8th, according to the official announcement of Binance, the Binance exchange discovered a large-scale security vulnerability, and the hacker was able to obtain a large number of user API keys, 2FA codes and other possible information to steal the token assets. At 17:15:24 on May 7, the hacker stole 7,000 bitcoins from the coin-hot payment system at block height 575012.

https://preview.redd.it/ygd0hknb39n31.png?width=692&format=png&auto=webp&s=f40bb67e2c08f6b58877af3b80daae6b992f94c5
After the theft of the coin, BNB fell 5% in half an hour and quickly fell below $20. Then Binance announced that, due to security vulnerabilities, Binance will take about one week to conduct a thorough security check, during which time the recharge and withdrawal will be suspended to ensure that the trading market is not affected.
Although Binance announced that the "SAFU Fund" will be used to fully bear the full loss of this attack, no user has any losses, but the impact of user panic caused by the coin theft incident cannot be eliminated in a short period of time.
Faced with the frequent occurrence of coin theft in trading platforms, people can't help but ask why Alipay will not be hacked by hackers.
According to relevant statistics, more than 400 million users use Alipay in China, and the total amount of user assets is immeasurable. This number should be more attractive for hackers, but why is Alipay not hacked?
According to the reason spread on the Internet, the reason why we can use Alipay with peace of mind is because Alipay has a department like Agents of SHIELD. In other words, it is not that hackers do not want to attack Alipay, but they do not have the ability to attack. It is said that the "Agents of SHIELD" will recruit hackers who attack Alibaba. If the hacker can break through the firewall, they will ask the hacker to work in Ali, offering a very generous salary. In addition, even if the last line of defense of the Alipay system was also broken, it was proposed that the transfer network was strictly regulated by the legal currency, which could not be taken away, and could be traced and lead to jail.
For hackers, attacking Alipay is a very unwise choice, not to mention the high level of difficulty, but also to bear the high risk. Compared with the attack Alipay, hacking the token trading platform in the black blockchain field is much easier. As long as there is a loophole in the token trading platform, it gives the hacker a chance. Due to the anonymity of the blockchain transaction, the assets of the trading platform can hardly be recovered after it is lost.
So for hackers, some trading platforms are comparable to "ATMs."
Nowadays, the popular exchanges are still in the development stage of centralization, and the incident of coin theft is almost inevitable. In addition to being attacked by hackers, the situation of inside job of the trading platform has also occurred from time to time. Then, how should the asset security of the token holders be maintained?
The emergence of the new digital payment system TarK payment system provides a new idea for solving the problem. The TarK payment system is a decentralized payment system developed and based on the fourth generation of blockchain technology. In addition to storing the token assets, it also supports payments of all token assets and cross-chain transactions. Tark combines two major features of anonymity and security, as well as six advantages of multi-currency, second-speed, multi-account system, offline signature, multiple verification, and open third-party ecosystem.
Today we are going to emphasize the security protection advantages of the TarK payment system. Tark payment system is the world's first dual-form cold payment system security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’token asset and can escort the user's token assets!
In addition, Tark payment system will automatically open the never networking mode during idle use, build transactions and signatures at cold end, conect the network and broadcast transactions at hot end, to create a solid protection shield for the token assets, completely eradicate network hacking and resist asset risk caused by various reasons.
TarK payment system provides you with stronger security protection than “Ali’s Agents of SHIELD”, so you can stay away from the coin theft of centralized trading platform!
Download link of Tark payment system: http://www.tarkwallet.com/download/down.html
submitted by gswt to u/gswt [link] [comments]

You think only Ali has Agents of SHIELD? A higher level of security is here


On May 8th, according to the official announcement of Binance, the Binance exchange discovered a large-scale security vulnerability, and the hacker was able to obtain a large number of user API keys, 2FA codes and other possible information to steal the token assets. At 17:15:24 on May 7, the hacker stole 7,000 bitcoins from the coin-hot payment system at block height 575012.
After the theft of the coin, BNB fell 5% in half an hour and quickly fell below $20. Then Binance announced that, due to security vulnerabilities, Binance will take about one week to conduct a thorough security check, during which time the recharge and withdrawal will be suspended to ensure that the trading market is not affected.
Although Binance announced that the "SAFU Fund" will be used to fully bear the full loss of this attack, no user has any losses, but the impact of user panic caused by the coin theft incident cannot be eliminated in a short period of time.
Faced with the frequent occurrence of coin theft in trading platforms, people can't help but ask why Alipay will not be hacked by hackers.
According to relevant statistics, more than 400 million users use Alipay in China, and the total amount of user assets is immeasurable. This number should be more attractive for hackers, but why is Alipay not hacked?
According to the reason spread on the Internet, the reason why we can use Alipay with peace of mind is because Alipay has a department like Agents of SHIELD. In other words, it is not that hackers do not want to attack Alipay, but they do not have the ability to attack. It is said that the "Agents of SHIELD" will recruit hackers who attack Alibaba. If the hacker can break through the firewall, they will ask the hacker to work in Ali, offering a very generous salary. In addition, even if the last line of defense of the Alipay system was also broken, it was proposed that the transfer network was strictly regulated by the legal currency, which could not be taken away, and could be traced and lead to jail.
For hackers, attacking Alipay is a very unwise choice, not to mention the high level of difficulty, but also to bear the high risk. Compared with the attack Alipay, hacking the token trading platform in the black blockchain field is much easier. As long as there is a loophole in the token trading platform, it gives the hacker a chance. Due to the anonymity of the blockchain transaction, the assets of the trading platform can hardly be recovered after it is lost.
So for hackers, some trading platforms are comparable to "ATMs."
Nowadays, the popular exchanges are still in the development stage of centralization, and the incident of coin theft is almost inevitable. In addition to being attacked by hackers, the situation of inside job of the trading platform has also occurred from time to time. Then, how should the asset security of the token holders be maintained?
The emergence of the new digital payment system TarK payment system provides a new idea for solving the problem. The TarK payment system is a decentralized payment system developed and based on the fourth generation of blockchain technology. In addition to storing the token assets, it also supports payments of all token assets and cross-chain transactions. Tark combines two major features of anonymity and security, as well as six advantages of multi-currency, second-speed, multi-account system, offline signature, multiple verification, and open third-party ecosystem.
Today we are going to emphasize the security protection advantages of the TarK payment system. Tark payment system is the world's first dual-form cold payment system security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’token asset and can escort the user's token assets!
In addition, Tark payment system will automatically open the never networking mode during idle use, build transactions and signatures at cold end, conect the network and broadcast transactions at hot end, to create a solid protection shield for the token assets, completely eradicate network hacking and resist asset risk caused by various reasons.
TarK payment system provides you with stronger security protection than “Ali’s Agents of SHIELD”, so you can stay away from the coin theft of centralized trading platform!
Download link of Tark payment system: http://www.tarkwallet.com/download/down.html
submitted by gswt to u/gswt [link] [comments]

You think only Ali has Agents of SHIELD? A higher level of security is here


On May 8th, according to the official announcement of Binance, the Binance exchange discovered a large-scale security vulnerability, and the hacker was able to obtain a large number of user API keys, 2FA codes and other possible information to steal the token assets. At 17:15:24 on May 7, the hacker stole 7,000 bitcoins from the coin-hot payment system at block height 575012.
After the theft of the coin, BNB fell 5% in half an hour and quickly fell below $20. Then Binance announced that, due to security vulnerabilities, Binance will take about one week to conduct a thorough security check, during which time the recharge and withdrawal will be suspended to ensure that the trading market is not affected.
Although Binance announced that the "SAFU Fund" will be used to fully bear the full loss of this attack, no user has any losses, but the impact of user panic caused by the coin theft incident cannot be eliminated in a short period of time.
Faced with the frequent occurrence of coin theft in trading platforms, people can't help but ask why Alipay will not be hacked by hackers.
According to relevant statistics, more than 400 million users use Alipay in China, and the total amount of user assets is immeasurable. This number should be more attractive for hackers, but why is Alipay not hacked?
According to the reason spread on the Internet, the reason why we can use Alipay with peace of mind is because Alipay has a department like Agents of SHIELD. In other words, it is not that hackers do not want to attack Alipay, but they do not have the ability to attack. It is said that the "Agents of SHIELD" will recruit hackers who attack Alibaba. If the hacker can break through the firewall, they will ask the hacker to work in Ali, offering a very generous salary. In addition, even if the last line of defense of the Alipay system was also broken, it was proposed that the transfer network was strictly regulated by the legal currency, which could not be taken away, and could be traced and lead to jail.
For hackers, attacking Alipay is a very unwise choice, not to mention the high level of difficulty, but also to bear the high risk. Compared with the attack Alipay, hacking the token trading platform in the black blockchain field is much easier. As long as there is a loophole in the token trading platform, it gives the hacker a chance. Due to the anonymity of the blockchain transaction, the assets of the trading platform can hardly be recovered after it is lost.
So for hackers, some trading platforms are comparable to "ATMs."
Nowadays, the popular exchanges are still in the development stage of centralization, and the incident of coin theft is almost inevitable. In addition to being attacked by hackers, the situation of inside job of the trading platform has also occurred from time to time. Then, how should the asset security of the token holders be maintained?
The emergence of the new digital payment system TarK payment system provides a new idea for solving the problem. The TarK payment system is a decentralized payment system developed and based on the fourth generation of blockchain technology. In addition to storing the token assets, it also supports payments of all token assets and cross-chain transactions. Tark combines two major features of anonymity and security, as well as six advantages of multi-currency, second-speed, multi-account system, offline signature, multiple verification, and open third-party ecosystem.
Today we are going to emphasize the security protection advantages of the TarK payment system. Tark payment system is the world's first dual-form cold payment system security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’token asset and can escort the user's token assets!
In addition, Tark payment system will automatically open the never networking mode during idle use, build transactions and signatures at cold end, conect the network and broadcast transactions at hot end, to create a solid protection shield for the token assets, completely eradicate network hacking and resist asset risk caused by various reasons.
TarK payment system provides you with stronger security protection than “Ali’s Agents of SHIELD”, so you can stay away from the coin theft of centralized trading platform!
Download link of Tark payment system: http://www.tarkwallet.com/download/down.html
submitted by gswt to u/gswt [link] [comments]

You think only Ali has Agents of SHIELD? A higher level of security is here


On May 8th, according to the official announcement of Binance, the Binance exchange discovered a large-scale security vulnerability, and the hacker was able to obtain a large number of user API keys, 2FA codes and other possible information to steal the token assets. At 17:15:24 on May 7, the hacker stole 7,000 bitcoins from the coin-hot wallet at block height 575012.
After the theft of the coin, BNB fell 5% in half an hour and quickly fell below $20. Then Binance announced that, due to security vulnerabilities, Binance will take about one week to conduct a thorough security check, during which time the recharge and withdrawal will be suspended to ensure that the trading market is not affected.
Although Binance announced that the "SAFU Fund" will be used to fully bear the full loss of this attack, no user has any losses, but the impact of user panic caused by the coin theft incident cannot be eliminated in a short period of time.
Faced with the frequent occurrence of coin theft in trading platforms, people can't help but ask why Alipay will not be hacked by hackers.
According to relevant statistics, more than 400 million users use Alipay in China, and the total amount of user assets is immeasurable. This number should be more attractive for hackers, but why is Alipay not hacked?
According to the reason spread on the Internet, the reason why we can use Alipay with peace of mind is because Alipay has a department like Agents of SHIELD. In other words, it is not that hackers do not want to attack Alipay, but they do not have the ability to attack. It is said that the "Agents of SHIELD" will recruit hackers who attack Alibaba. If the hacker can break through the firewall, they will ask the hacker to work in Ali, offering a very generous salary. In addition, even if the last line of defense of the Alipay system was also broken, it was proposed that the transfer network was strictly regulated by the legal currency, which could not be taken away, and could be traced and lead to jail.
For hackers, attacking Alipay is a very unwise choice, not to mention the high level of difficulty, but also to bear the high risk. Compared with the attack Alipay, hacking the token trading platform in the black blockchain field is much easier. As long as there is a loophole in the token trading platform, it gives the hacker a chance. Due to the anonymity of the blockchain transaction, the assets of the trading platform can hardly be recovered after it is lost.
So for hackers, some trading platforms are comparable to "ATMs."
Nowadays, the popular exchanges are still in the development stage of centralization, and the incident of coin theft is almost inevitable. In addition to being attacked by hackers, the situation of inside job of the trading platform has also occurred from time to time. Then, how should the asset security of the token holders be maintained?
The emergence of the new digital wallet TarK wallet provides a new idea for solving the problem. The TarK wallet is a decentralized wallet developed and based on the fourth generation of blockchain technology. In addition to storing the token assets, it also supports payments of all token assets and cross-chain transactions. Tark combines two major features of anonymity and security, as well as six advantages of multi-currency, second-speed, multi-account system, offline signature, multiple verification, and open third-party ecosystem.
Today we are going to emphasize the security protection advantages of the TarK wallet. Tark wallet is the world's first dual-form cold wallet security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’token asset and can escort the user's token assets!
In addition, Tark wallet will automatically open the never networking mode during idle use, build transactions and signatures at cold end, conect the network and broadcast transactions at hot end, to create a solid protection shield for the token assets, completely eradicate network hacking and resist asset risk caused by various reasons.
TarK wallet provides you with stronger security protection than “Ali’s Agents of SHIELD”, so you can stay away from the coin theft of centralized trading platform!
Quickly download on the official website :http://www.tarkwallet.com/download/down.html
submitted by gswt to u/gswt [link] [comments]

You think only Ali has Agents of SHIELD? A higher level of security is here


On May 8th, according to the official announcement of Binance, the Binance exchange discovered a large-scale security vulnerability, and the hacker was able to obtain a large number of user API keys, 2FA codes and other possible information to steal the token assets. At 17:15:24 on May 7, the hacker stole 7,000 bitcoins from the coin-hot wallet at block height 575012.
After the theft of the coin, BNB fell 5% in half an hour and quickly fell below $20. Then Binance announced that, due to security vulnerabilities, Binance will take about one week to conduct a thorough security check, during which time the recharge and withdrawal will be suspended to ensure that the trading market is not affected.
Although Binance announced that the "SAFU Fund" will be used to fully bear the full loss of this attack, no user has any losses, but the impact of user panic caused by the coin theft incident cannot be eliminated in a short period of time.
Faced with the frequent occurrence of coin theft in trading platforms, people can't help but ask why Alipay will not be hacked by hackers.
According to relevant statistics, more than 400 million users use Alipay in China, and the total amount of user assets is immeasurable. This number should be more attractive for hackers, but why is Alipay not hacked?
According to the reason spread on the Internet, the reason why we can use Alipay with peace of mind is because Alipay has a department like Agents of SHIELD. In other words, it is not that hackers do not want to attack Alipay, but they do not have the ability to attack. It is said that the "Agents of SHIELD" will recruit hackers who attack Alibaba. If the hacker can break through the firewall, they will ask the hacker to work in Ali, offering a very generous salary. In addition, even if the last line of defense of the Alipay system was also broken, it was proposed that the transfer network was strictly regulated by the legal currency, which could not be taken away, and could be traced and lead to jail.
For hackers, attacking Alipay is a very unwise choice, not to mention the high level of difficulty, but also to bear the high risk. Compared with the attack Alipay, hacking the token trading platform in the black blockchain field is much easier. As long as there is a loophole in the token trading platform, it gives the hacker a chance. Due to the anonymity of the blockchain transaction, the assets of the trading platform can hardly be recovered after it is lost.
So for hackers, some trading platforms are comparable to "ATMs."
Nowadays, the popular exchanges are still in the development stage of centralization, and the incident of coin theft is almost inevitable. In addition to being attacked by hackers, the situation of inside job of the trading platform has also occurred from time to time. Then, how should the asset security of the token holders be maintained?
The emergence of the new digital wallet TarK wallet provides a new idea for solving the problem. The TarK wallet is a decentralized wallet developed and based on the fourth generation of blockchain technology. In addition to storing the token assets, it also supports payments of all token assets and cross-chain transactions. Tark combines two major features of anonymity and security, as well as six advantages of multi-currency, second-speed, multi-account system, offline signature, multiple verification, and open third-party ecosystem.
Today we are going to emphasize the security protection advantages of the TarK wallet. Tark wallet is the world's first dual-form cold wallet security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’token asset and can escort the user's token assets!
In addition, Tark wallet will automatically open the never networking mode during idle use, build transactions and signatures at cold end, conect the network and broadcast transactions at hot end, to create a solid protection shield for the token assets, completely eradicate network hacking and resist asset risk caused by various reasons.
TarK wallet provides you with stronger security protection than “Ali’s Agents of SHIELD”, so you can stay away from the coin theft of centralized trading platform!
Quickly download on the official website :http://www.tarkwallet.com/download/down.html
submitted by gswt to u/gswt [link] [comments]

You think only Ali has Agents of SHIELD? A higher level of security is here


On May 8th, according to the official announcement of Binance, the Binance exchange discovered a large-scale security vulnerability, and the hacker was able to obtain a large number of user API keys, 2FA codes and other possible information to steal the token assets. At 17:15:24 on May 7, the hacker stole 7,000 bitcoins from the coin-hot wallet at block height 575012.
After the theft of the coin, BNB fell 5% in half an hour and quickly fell below $20. Then Binance announced that, due to security vulnerabilities, Binance will take about one week to conduct a thorough security check, during which time the recharge and withdrawal will be suspended to ensure that the trading market is not affected.
Although Binance announced that the "SAFU Fund" will be used to fully bear the full loss of this attack, no user has any losses, but the impact of user panic caused by the coin theft incident cannot be eliminated in a short period of time.
Faced with the frequent occurrence of coin theft in trading platforms, people can't help but ask why Alipay will not be hacked by hackers.
According to relevant statistics, more than 400 million users use Alipay in China, and the total amount of user assets is immeasurable. This number should be more attractive for hackers, but why is Alipay not hacked?
According to the reason spread on the Internet, the reason why we can use Alipay with peace of mind is because Alipay has a department like Agents of SHIELD. In other words, it is not that hackers do not want to attack Alipay, but they do not have the ability to attack. It is said that the "Agents of SHIELD" will recruit hackers who attack Alibaba. If the hacker can break through the firewall, they will ask the hacker to work in Ali, offering a very generous salary. In addition, even if the last line of defense of the Alipay system was also broken, it was proposed that the transfer network was strictly regulated by the legal currency, which could not be taken away, and could be traced and lead to jail.
For hackers, attacking Alipay is a very unwise choice, not to mention the high level of difficulty, but also to bear the high risk. Compared with the attack Alipay, hacking the token trading platform in the black blockchain field is much easier. As long as there is a loophole in the token trading platform, it gives the hacker a chance. Due to the anonymity of the blockchain transaction, the assets of the trading platform can hardly be recovered after it is lost.
So for hackers, some trading platforms are comparable to "ATMs."
Nowadays, the popular exchanges are still in the development stage of centralization, and the incident of coin theft is almost inevitable. In addition to being attacked by hackers, the situation of inside job of the trading platform has also occurred from time to time. Then, how should the asset security of the token holders be maintained?
The emergence of the new digital wallet TarK wallet provides a new idea for solving the problem. The TarK wallet is a decentralized wallet developed and based on the fourth generation of blockchain technology. In addition to storing the token assets, it also supports payments of all token assets and cross-chain transactions. Tark combines two major features of anonymity and security, as well as six advantages of multi-currency, second-speed, multi-account system, offline signature, multiple verification, and open third-party ecosystem.
Today we are going to emphasize the security protection advantages of the TarK wallet. Tark wallet is the world's first dual-form cold wallet security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’token asset and can escort the user's token assets!
In addition, Tark wallet will automatically open the never networking mode during idle use, build transactions and signatures at cold end, conect the network and broadcast transactions at hot end, to create a solid protection shield for the token assets, completely eradicate network hacking and resist asset risk caused by various reasons.
TarK wallet provides you with stronger security protection than “Ali’s Agents of SHIELD”, so you can stay away from the coin theft of centralized trading platform!
Quickly download on the official website :http://www.tarkwallet.com/download/down.html
submitted by gswt to u/gswt [link] [comments]

CSW: I am Satoshi Nakamoto. I created Bitcoin - [BitKan 1v1] Craig Wright vs Jiangzhuoer

CSW: I am Satoshi Nakamoto. I created Bitcoin - [BitKan 1v1] Craig Wright vs Jiangzhuoer
bitkan.pro aggregates all trading depth of Binance Huobi and OKEx. or Try our APP!
https://preview.redd.it/1iwfewe5p8d31.png?width=1058&format=png&auto=webp&s=382657331bde565effe91030e2d55871cc423b67

Question 1: Both the BCH and BSV communities think that they are the true, original bitcoin from Nakamoto. What do you think was the original idea from Nakamoto?
CSW:My original idea is defined in white paper for no limits. And I also described this in the P2P Foundation. It is a distributed system. Users use it to connect to each other, and the miners, to stop double Spending.
I explain this further late in 2010, I basically said that the network expands to have a number of nodes that become large data center type operations, because it's not about running nodes. People who run nodes are foolish unless that making money, that's it. When I created Bitcoin, it is a overlay network of the peer-to-peer network, the top of peer-to-peer network. We did peer-to-peer.
Peer-to-peer means not what you send to the network, and then another user gets it by the network. That is outside the definition of peer to peer. That is a typical centralized mesh. Why Bitcoin works is that user Alice sends to user Bob,Bob received the transaction. So Bob wrote that he received it. He sent it to the network. IP to IP was one of the fundamental parts of Bitcoin that was removed by core right after I left, basically, I fix Bitcoin and I had the lay out in the first place.
There's no question that what happened, and whatever else and what version of things Nakamoto wanted, because I am Satoshi Nakamoto. I created Bitcoin. Very soon, people will notice that. If you don't like it, I don't care.

Question 2. As the main witnesses of BTC to BCH fork, what do you think was the main reason for the fork at that point of time? Now what do you think about the fork at the time? Have you ever changed your mind?
CSW: There was a BCH fork away from Bitcoin, BTC added a number of things to make cryptocurrency more anonymous, which makes it illegal, which means the government can shut it down. Don’t ever believe the government can’t stop bitcoin. Government, the US government and Chinese government could stop bitcoin in a heartbeat. They are going to follow international law to shut down. The Liberty Reserve closed down involved 42 countries working together. It involved basically a distributive system of 10,000 different operations. Not Raspberry pie nodes because it is only 15 real BTC nodes, operators to ran money system. We can't work to unable governments to see machines.
If the criminal use of bitcoin is to become anonymous that government can seize machines, can arrest people, can torture by law. The American government can enforce orders in China. So BTC wanted to make something that was not bitcoin. It wanted to change bitcoin further. So BTC split away from bitcoin. That's the fork. Bitcoin didn't change. I make sure we kept going.
Jihan and Bitmain. I would like to have a talk about what we are planning, and the mining, we are building. Jihan and Bitmain, took the information to go into confidence and make sure that there was a fork. So this fork happened because Jihan and Bitmain are basically a bunch of lying stuff, and that would be found out later.
The second fork was only last year. That was with BCH. Just to keep it simple. Bitcoin vary again.
There’s no system of bitcoin is out to try to make it illegal, to make it criminal, to make it anonymous. Roger Ver, who helps from things like Silk Road and Charlie's friend money laundering operation, which Charlie's friend went to jail for. Other people like them that invested a lot of the dark websites, which all under investigation at the moment, which will be founded to watch in the next several years.
People like Roger and even Jihan, wanted to use bitcoin to take the illegal money and transfer, they want it to be a dark web system. So they added extra objects to change the bitcoin further. They try to allow it to be more anonymous in a different way. So the simple thing is, there is bitcoin as I created, and there is bitcoin designed to be illegal and then it forks.

Question 3. Finally, can we invite Dr. Craig and Mr. Jiang to talk about each other's technology l and vision? What is the most worthwhile point to learn?
CSW:Sorry, I don’t look at those broken versions of bitcoin. I have no interest in learning about how people don’t want to understand bitcoin, how about you want to see the value and how they want to create the system or see these cryptocurrencies in the 90s. If people want to do that, that’s all their choice, but I am not interested in watching them go down in flames. Thank you.

Jiang asked CSW: You have ever wondered why there isn't a 0 in Base58 encodings. (Satoshi, the creator of Base58 explicitly took out 0 and O to avoid confusion). Why didn't you even know the Base58 encoding if you are Satoshi?
https://www.reddit.com/btc/comments/9apx40/professor_technobabble_wondering_why_there_isnt_a/
CSW: He's supposedly trying to mislead the audience by making out the checksum to pass off the transaction. He is basically trying to lie to the people and the audience, making them seen that I don’t understand bitcoin. If you look at why it works, the address was not part of the bitcoin. Bitcoin is a wallet, exchange peer-to-peer with the template.
Basically, why does this work is that you have is a transaction that has a checksum to send between wallets. That checksum is a relevant. It never goes into the bitcoin network. The checksum is added only to ensure the transaction to the network while a wallet is correct. The original version of bitcoin didn’t eventually work that way. So what he is trying to mislead you is to say is what I don’t understand checksum etc., which is the lie propagate by people like Bitmain, where insists what it is you do a checksum of the code and then you hand it up.
And the third part of this is very simply put. Without the checksum, the transaction sends to the network properly. The checksum is purely a wallet function, so you can add any checksum function and Wormhole would allow this work. Wormhole was an attempt to make an illegal system. Wormhole is another of these things because Jihan and the others wanted to take money out of China. They work with people to do money laundering, so the value that they see of bitcoin is to help money laundering. So they want to try and lie to people and make it that I don’t understand this technology, because they want to keep their money laundering scam going. So if you actually look at my posts, you will see that I've already explained the checksum in details. If you look at the work bitcoin transaction, you will see there has no transaction checksum. No one wants you to look at that because they want you to stay stupid and ignorant, because spending money out of you requires that you are dumb.

Digest from [BitKan 1v1] debate.
bitkan.pro aggregates all trading depth of Binance Huobi and OKEx. or Try our APP!
submitted by BitKan to btc [link] [comments]

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