New Bull Market Signal? Bitcoin Bearwhale Vanishes as BTC ...

OPR CRYPTO CURRENCY SCAM.

Tinder "girls" are now spreading this homepage as a scam

https://www.globalbusdt.com/#/
At first it looks fine but a closer look shows stock images and typos everywhere. They want you to buy bitcoin on the site and then trade it for a new crypto called OPR.

There is no such crypto and the money you buy bitcoins for will vanish. Stay safe bros.
submitted by Genstrom123 to Scams [link] [comments]

Some Basics Of Bitcoin

For someone not familiar with Bitcoin, the first question that comes to mind is, "What is Bitcoin?" And another common question that is often asked relates to the Bitcoin price. It started out a under 10 cents per Bitcoin upon its introduction in early 2009. It has risen steadily since and has hovered around $4000 per Bitcoin recently. So regarding Bitcoin value or the Bitcoin rate this is a most remarkable appreciation of value and has created many, many millionaires over the last eight years.
The Bitcoin market is worldwide and the citizens of China and Japan have been particularly active in its purchase along with other Asian countries. However, recently in Bitcoin news the Chinese government has tried to suppress its activity in that country. That action drove the value of Bitcoin down for a short time but it soon surged back and is now close to its previous value.
The Bitcoin history chart is very interesting. Its creator was an anonymous group of brilliant mathematicians (using the pseudonym Satoski Nakamoto) who designed it in 2008 to be "virtual gold" and released the first Bitcoin software in early 2009 during the height of the USA economic crisis. They knew that to have lasting value, it like gold had to have a finite supply. So in creating it they capped the supply at 21 million Bitcoin.
Bitcoin mining refers to the process by which new Bitcoin is created. With conventional currency, government decides when and where to print and distribute it. With Bitcoin, "miners" use special software to solve complex mathematical problems and are issued a certain number of Bitcoin in return.
A question that then arises is, is Bitcoin mining worth it. The answer is NO for the average person. It takes very sophisticated knowledge and a powerful computer system and this combination of factors makes it unattainable for the masses. This applies even more to bitcoin mining 2017 than in past years.
Many wonder, who accepts Bitcoin? This question gets asked in various ways, what are stores that accept bitcoin, what are websites that accept bitcoins, what are some retailers that accept bitcoin, what are some places that accept bitcoin and where can I spend bitcoin.
More and more companies are beginning to see the value of accepting cryptocurrencies as a valid payment option. Some major companies that do are DISH network, Microsoft, Expedia, Shopify stores, Newegg, Payza, 2Pay4You, and others.Two major holdouts at this time are Walmart and Amazon.
Ethereum is the strongest rival to Bitcoin in the cryptocurrency market and many wonder at the question of Bitcoin vs Ethereum. Ethereum was created in mid-2015 and has gained some popularity but still ranks far behind Bitcoin in usage, acceptance and value.
A question that often comes up often relates to Bitcoin scam. This author has a friend who made a purchase from a company that promised 1-2% growth per day. The company website listed no contact information and after a couple months the website simply vanished one day and my friend lost all the money he had invested which was several thousand dollars.
One has to know how to buy Bitcoins, how to purchase Bitcoin or how to buy Bitcoin with credit card in order to get started. Coinbase is a very popular site to do this. Their fee is 3.75% and the buying limit is $10,000 per day. This would probably be the easiest way to buy bitcoins.
Others would like to buy Bitcoin with debit card. Coinbase also provides this service and has clear step by step instructions on how to proceed with either your debit or credit card.
There are those who would like to buy Bitcoin instantly. This can be done at Paxful, Inc. and can be done through W. Union or any credit/debit card.
Other common questions that come up are what is the best way to buy Bitcoins, the best way to get bitcoins or where to buy bitcoins online. The easiest way is probably to purchase it through a digital asset exchange like the previously mentioned Coinbase. Opening an account with them is painless and once you link your bank account with them you can buy and sell Bitcoin quite easily. This is quite likely also the best place to buy Bitcoins.
One must know what a Bitcoin wallet is and how to use it. It is simply the Bitcoin equivalent of a bank account. It allows you to receive Bitcoins, store them and send them to others. What it does is store a collection of Bitcoin privacy keys. Typically it is encrypted with a password or otherwise protected from unauthorized access.
There are several types of digital wallets to choose from. A web wallet allows you to send, receive and store Bitcoin though your web browser. Another type is a desktop wallet and here the wallet software is stored directly on your computer. There are also mobile wallets which are designed for use by a mobile device.
A question that occasionally comes up is that of Bitcoin stock or how to buy Bitcoin stock. By far the most common way to proceed in this area is to buy Bitcoin directly and not its stock.
There is one entity called Bitcoin Investment trust which is an investment fund that is designed to track the market flow of Bitcoin. Some analysts however are calling this a risky way to become involved in this marketplace.
The Bitcoin exchange rate USD is a closely watched benchmark both on a daily basis and long term over the last 8 years since its introduction to the world's financial marketplace. A popular company to receive the most current rate in Bitcoin valuation is XE. They show Bitcoin to USD valuation and also the complete Bitcoin price chart, the Bitcoin value chart and the Bitcoin to USD chart. If you ask, "How much is one Bitcoin?" you will always know from their continuously updated charts.
Similar questions that come up in this area relate to the bitcoin rate history, the bitcoin price chart live, the bitcoin to dollar exchange rate, the bitcoin dollar chart and the bitcoin 5 year chart. The previously mentioned website, xe, is also a good source for answers to these questions.
Regarding Bitcoin cash, ie. to get USD from selling Bitcoin, Bitwol is one company that enables you to do this. WikiHow is another company that will take you through this process.
submitted by shomesrobery to BestBitcoinCasinosa [link] [comments]

Recieved a blackmail email from a scammer with my password (it's accurate). What should I do? What to do next?

I recieved the following email from somebody called Corona Lamir:
I know your password is [accurate password].
I need your total attention for the upcoming 24 hours, or I will certainly make sure you that you live out of shame for the rest of your life.
Hi, you don't know me personally. But I know just about everything regarding you. Your facebook contact list, phone contacts as well as all the digital activity in your computer from previous 118 days.
Which includes, your self pleasure video clips, which brings me to the primary motive why I am composing this email to you.
Well the previous time you visited the porno web sites, my spyware was activated in your personal computer which ended up shooting a lovely video footage of your masturbation play by triggering your cam. (you got a really weird taste btw lol)
I own the entire recording. If perhaps you think I 'm fooling around, simply reply proof and I will be forwarding the recording randomly to 6 people you know.
It could be your friend, co workers, boss, parents (I'm not sure! My system will randomly choose the contacts).
Will you be capable to gaze into anyone's eyes again after it? I question that...
Nonetheless, doesn't necessarily have to be that path.
I want to make you a one time, no negotiable offer.
Purchase $ 2000 in bitcoin and send them to the listed below address:
b**c1qk9309jc8z72607u5j67jratxkpwe0xcjjg25pz [case-SENSITIVE so copy and paste it, and remove ** from it]
(If you don't understand how, lookup how to purchase bitcoin. Do not waste my valuable time)
If you send this 'donation' (we will call this that?). After that, I will vanish and never make contact with you again. I will erase everything I have about you. You may keep on living your regular day to day lifestyle with absolutely no fear.
You have got 24 hours to do so. Your time will start as soon you read this e-mail. I have got an special code that will notify me once you go through this mail therefore don't try to play smart.
What should I do? My main concern is having the password leaked - I am not so worried about having my supposed nudes sent to my contacts.
Would like advice please. I also don't want to tell my parents because they will overreact and make things even worse.
EDIT: I called the police to about it. They said can make police report and to change your passwords. Will change passwords immediately and consider whether to make the report after work.
EDIT 2: Thanks for the useful information guys! Won't make the report as I can't be bothered to go all the way down after work and wait for all the paperwork etc to be done.
submitted by idiot321321321 to singapore [link] [comments]

Got malware/virus after using thaiphoon burner

I know lots of people are going to jump on and downvote me and say thaiphoon is safe. and to be honest, I'm not 100% sure that thaiphoon is what caused this, but the timing between the events make it hard to think it was just a coincidence. So please please hear me out first:

I was talked into syncing my memories because my BF5 stuttering "must be a memory syncing issue", and multiple people both referred me to this video "https://www.youtube.com/watch?time_continue=376&v=KOqhyVNPhaM&feature=emb_logo". Which askes users to download thaiphoon burner and the DRAM calculator developed by a guy in Ukraine.
When I try to execute the programs, windows warned me against it since it was trying to make changes to my system, so I hesitated and looked around online, and most people say that thaiphoon burner is known to be safe and will trigger most antivirus as false positive, so I went against my guts and ran it.
I am usually a very very careful person but I was desperate to try to fix my stuttering issues, and the fact that everyone is using it and it's recommended by a youtube with 400k subscribers, what could go wrong right? So I let that program run.
The next morning when I was trying to do a virus scan (which I should have before I ran it) I found all my antivirus programs, avira, windows defenders, ALL DELETED, without a trace, vanished, windows won't update, system got corrupted, windows defender is blank screen, all gone, antivirus, firewall? Gone. And running that program was absolutely the only thing that could possibly have caused this, the only thing else I did yesterday was watched some youtube videos , absolutely no other changes to my system what so ever, de nada. And even the night before my avira and windows defender were both still running.
When I tried to update my windows it would give me an error code and would not allow me to update to fix me security issues, and when I reinstsalled avira clicking on "security scan" does absolutely nothing. I honestly have no idea what could have caused this besides having ran thaiphoon burner, it's just too big of a coincidence.
Oh, and 2 days after that, I got a blackmail email (looks auto generated) with my old windows password telling me they got lots of my other passwords too and if I don't want to have embarrassing videos/photos of me distributed to my friends on "that social media site you use"(no seriously, those were their exact words, lol), I was to give 2000 dollar worth of bitcoin to them.
All this just seems... way too convenient to be a coincidence.


I waited 2 weeks to talk about this, because I thought that the only reply I will get is people telling me how thaiphoon couldn't have done that and I must have done something else to cause the malware/virus. But look, I really am generally a very careful person (due to my paranoia), I keep my av and malwarebytes up to date and scan regularly and I am careful with what links I click on and such. I am generally very careful and this was the only mistake I know I could have made.
I still decided to post about this because A. If there's anyone who can help / give me an ease of mind, I think you guys would be it. B. If this really IS a security issue, I would like to let you guys know.
I can't remember the version of thaiphoon burnedram calculator I downloaded, but it was whatever it was about 2 weeks ago.
I have already formatted my SSD and reinstalled windows, but I can never know if this really fixed the issue, I can never know if other devices on my wifi also got virus, if it's still lingering in my network, I have a backup folder that I don't even dare opening because I'm worried it would spread the virus back to my new system, and who knows what personal info has already been stolen from me, if I could go back 2 weeks ago, I would not buy the lottery or make money off of stocks, I would tell myself not to download or run thaiphoon burner so that I can focus on studying instead of stressing over this for 2 weeks.


TL:DR: Ran thaiphoon burner and DRAM calculator 2 weeks ago, next morning when I check my antivirus programs they were all uninstalled.

Update:

I found this older thread on this sub:
https://www.reddit.com/overclocking/comments/c0xutx/trojan_in_thaiphoon_burne
It seems like they indeed had some security concerns on their website regarding its certificate and actually having some malicious executable, I wonder if it is still the case?


submitted by killerofpain to overclocking [link] [comments]

Massive sextortion scam underway. Remember: don't pay ransoms!

PSA: A massive flood of people are reporting the following email arriving in their inboxes (myself included):
Send $1000 in bitcoin to the underneath address (remove***from it):
[REDACTED]
You could be wondering why the hell would you do that? Well, put together yourself simply because I am going to tremble your entire world now. I had a threatening viruses infect your own pc and also record video clip of YOU (using your webcam) when you looked at 'adult' sites.
Here's one of your own code [REDACTED]
Still don't believe me? Respond 7 and I will be randomly share your video with 7 people you're friends with (Yes, I have access to your address book as well).
At this moment, exactly what do I want to make this entire thing vanish? Very well, I have already described the particular offer in beginning of the e-mail. If you do not fulfill it within Twenty-four hours, I am going to make your life nightmare by delivering that video clip to Everyone you know. Your time frame starts right now.
The grammar and vocabulary sounds like something that would come out of North Korea. Remember with cases like these, it is almost always an empty threat. It is impractical for the scammer to follow through with this threat on such a massive scale. All the compromising information (if any) that they provide in the message can be found on the darkweb and is already out in the open.
So if you receive such an email, it is prudent to change your passwords and update any accounts that may be shown to be compromised. Whatever you do, DO NOT PAY.
submitted by uclatommy to CryptoCurrency [link] [comments]

Respect: Deathstroke (DC Rebirth)

Deathstroke The Terminator aka Slade Wilson is a DC Comics comic book character that has been around since 1980.
This respect thread which may be updated in the future, will be about the "DC Rebirth" version of Deathstroke, which has been the main version/Earth 0 version of the character since he was more or less rebooted back in 2016.
The main writer of this Deathstroke is Christopher Priest which is why this Deathstroke may be known as "Prieststroke". Christopher Priest is virtually the Word of God when it comes to this Deathstroke, and he has a site specifically dedicated to this Deathstroke: http://lamerciepark.com/comics/deathstroke/
Most quotations will be from that site, and I recommend reading it for the best intro into the series and an understanding of this Deathstroke.
Also for an idea of how this Deathstroke is meant to look, This is Deathstroke's Rebirth Design version 1.1.
Now, Who is DC Rebirth's Deathstroke?:
He is not a mercenary, profesional soldier, military subcontractor or any other clever euphemism used to round the edges off of his description. Deathstroke kills people for money. Lots of money. He spends a great deal of that money on a virtual army of lawyers who expertly prevent police and/or covert entities from ever positively proving Lt. Colonel Slade Wilson (Ret.) and Deathstroke are, in fact, one and the same.
Physically;
Deathstroke is approximately 55 years of age but appears to be 20 years younger due to the tissue regeneration caused by his rapid healing power. He is 6'4", taller than Superman or Batman, (and very intimidating). Slade is an extremely cool customer, much like the first act or so of the Michael Mann-Tom Cruise film Collateral. He occasionally wears sunglasses so the eye patch (a stick-on white patch) isn’t necessarily seen. It is very difficult to get Deathstroke to lose his temper.
Mentally;
Deathstroke is an emotional cripple along the lines of Hugh Laurie's House M.D., a guy who desperately loves and desires to be close to his children, but is too emotionally damaged to ever achieve that. He was a terrible father and is now haunted by a lot of poor choices made with his wife Adeline and his boys, especially.
So
The only people he actually talks to are his longtime partner Major William Randolph Wintergreen, British SAS (Ret.), his kids and his ex-wife. Wintergreen, approximately 65, is a reluctant partner who has ethical conflicts about DS's line of work. Other than that, Deathstroke is (in my version) much more laconic than as he's traditionally been portrayed. He trusts no one, thinks most everyone is an idiot, speaks only when absolutely necessary.
Also
Deathstroke works for himself, is suspicious of all governments (especially ours). You hire him by posting an offer on the Dark Web along with a six-figure deposit in untraceable Bitcoin.
Deathstroke's basic powers are:
Enhanced Strength: Roughly that of Captain America. YMMV.
Enhanced Reflexes: Roughly that of Captain America. YMMV.
Note* Christopher Priest has written Captain America before (The Captain America and Falcon series if i recall), so what his Captain America did may be usable for his Deathstroke. Also YMMV is "Your Milleage May Vary", which means basically it may be different in your view.
Deathstroke also has
Enhanced Intellect: Post-Rebirth, we're redefining this a little. We no longer say Deathstroke uses "90% of his brain capacity." If Deathstroke used 90% of his brain capacity, he'd be Charles Xavier. Now we just say he's really, really smart. Deathstroke is probably the smartest guy in the DC Universe. He is easily the equal of Batman in terms of strategic planning. Deathstroke's intellect is deadlier than his sword. He typically out-thinks and out-strategizes everybody in the book. He is a keen observer and expert detective. He usually has several balls in the air at one time.
And
Rapid Healing: Post-Rebirth, we're redefining this a little. Deathstroke's rapid healing clots blood in seconds and seals wounds in minutes. The time it takes for full healing depends upon the wound: a bee sting, maybe a couple seconds. A gunshot wound: a few hours. It depends on the complexity of the knitting process, how much tissue needs to be regenerated and other factors. It is not an instant process. Deathstroke's rapid healing cannot regenerate organs. It can heal organs, but, for example, it won't regenerate a liver if a bad guy rips his out. Therefore, his rapid healing power did not simply create a new eye (or, in the case of Marvel's over-the-top Deathstroke parody Deadpool, grow a new hand). Deathstroke experiences pain like anyone else. Just because he has rapid healing doesn't mean he'd just sit around and let people gut him with swords. This is why he wears a protective uniform.. Deathstroke experiences trauma like anyone else and is capable of going into traumatic shock from injury. If he does not allow his rapid healing process to properly close a wound, Deathstroke can bleed out and die just like anyone else.
This all as Dr. Villain has explained comes from a dormant Metagene that after being activated in an experiment "literally evolved his brain." Meaning Deathstroke is actually a Dormant Meta-Human. His evolved brain means Deathstroke can "Access his brain functions on a cellular scale--Enabling Rapid Healing, Enhanced Strength and Reflexes.", and just in case you are not aware; Deathstroke lost his right eye due to his (Now Ex) Wife shooting him in the back of the head. Anyway Deathstroke is genetically enhanced with Rapid Healing, Enhanced Strength, Reflexes and intellect, and being Half blind is said to have only made him more dangerous.
By the way: Yes. Deathstroke is stronger and faster than Batman, as he has directly told Batman.
Anyway, Deathstroke has been known as a decorated war hero, devoted husband, loving father, relentless warrior, prisoner of war, and the world's deadliest assassin. He's also been called "the most ruthlessly efficient killer alive", "the best informed and most prepared assassin on the planet", "one of the most dangerous men on the planet", "the terrifying master assassin", the absolute best asssassin, and "the deadliest man alive".
And Deathstroke's major background info has been summarized here. It's also been summarized again by The Riddler and again by Black Mask.

Deathstroke's Gear:

Deathstroke's standard gear:
  • His Promethium Broadsword aka The Deathstroke
  • His Titanium Staff
  • His Ikon Suit Prototype
  • His Glock 19
  • His combat belt
and
  • His knife
Also it has recently been explained that Deathstroke's mask is lined with Encephalitic filters. This prevents the mind control and even the new amped up telepathy of Jericho.
Make sure to check out this link for more information on Deathstroke's gear: https://www.reddit.com/useTheTrueDeathSkeleton/comments/eeurec/respect_deathstrokes_dc_rebirth_gea?utm_medium=android_app&utm_source=share
This thread is huge so I had to put them in a different one. Sorry for the inconvenience.

Deathstroke Feats:

STRENGTH FEATS
Striking:
Other:
Limits:
  • Can't lift a Car over his head.
SPEED FEATS
Reaction/Combat:
Other:
INTELLIGENCE FEATS
Combat Strategy/Intelligence:
Other:
SKILL FEATS
Combat Skill:
Other:
DURABILITY FEATS (Non Ikon Suit)
Unarmored/Virtually Unarmored:
Limits:
"Deathstroke Classic" which has Promethium Chain Mail that absorbs energy (Note his mask doesn't really offer much to any protection):
Limits:
Endurance:
RAPID HEALING FEATS
Other:
RESOURCES FEATS
Hosun (Deathstroke's sometime tech guy):
Wintergreen (Deathstroke's best friend and virtual conscience):
Prep only:
Other:

MISC:

Some stuff on Deathstroke's mentality:
The 2016 Deathstroke comic book series has concluded and Christopher Priest has finished his Deathstroke series, so, this is likely the end of this respect thread for the foreseeable future.
Nevertheless, The Legend Continues..
submitted by TheTrueDeathSkeleton to respectthreads [link] [comments]

This one tried to sextort me and I have a message here for him

This evening I saw this in my inbox.
I am aware, [my password], is your password.
I require your full attention for the upcoming Twenty-four hours, or I will certainly make sure you that you live out of shame for the rest of your life span.
Hello, you do not know me personally. Yet I know every thing regarding you. Your fb contact list, mobile phone contacts and all the virtual activity on your computer from past 165 days.
Which includes, your masturbation video, which brings me to the main motive why I am writing this particular e mail to you.
Well the last time you went to the porno web sites, my spyware was activated inside your computer system which ended up shooting a lovely footage of your masturbation play by triggering your cam. (you got a really unusual preference btw lol)
I have the whole recording. If, perhaps you think I am playing around, simply reply proof and I will be forwarding the recording randomly to 6 people you recognize.
It may end up being your friends, co workers, boss, mother and father (I'm not sure! My system will randomly pick the contacts).
Will you be able to look into anyone's eyes again after it? I doubt that...
However, it does not need to be that path.
I'm going to make you a one time, non negotiable offer.
Purchase USD 2000 in bitcoin and send them to the down below address:
bc1qhsv3skahm6j3qtwk0j06wjs86x0fv28y**u5vt2u [CASE-sensitive, copy and paste it, and remove ** from it]
(If you do not understand how, lookup how to acquire bitcoin. Do not waste my precious time)
If you send this particular 'donation' (let's call this that?). After that, I will vanish and under no circumstances contact you again. I will erase everything I've got concerning you. You may very well proceed living your current regular day to day life with no concerns.
You have got 24 hours in order to do so. Your time begins as quickly you read through this e mail. I have got an unique code that will inform me once you read this e mail so do not try to act smart.
Charlean Meitzen [email protected]
BUT, this fall flat hilariously as I had covered my camera with STICKERS back in Jan or Feb so yeah, here's my open rant reply to him.
Hi Charlean Meitzen (or whomever it is),
ROFL EPIC FAIL! Do you know my cam is covered with black stickers and Norton has been running 24/7 to eliminate prick jobs from you? How about you go commit infect COVID 19 and get choked from that like that of Darth Vader's?
Good riddance if people like you are gone out of the picture following the pandemic.
submitted by Themrunni to RandomThoughts [link] [comments]

This one tried to sextort me and I have a message here for him

This evening I saw this in my inbox.
I am aware, [my password], is your password.
I require your full attention for the upcoming Twenty-four hours, or I will certainly make sure you that you live out of shame for the rest of your life span.
Hello, you do not know me personally. Yet I know every thing regarding you. Your fb contact list, mobile phone contacts and all the virtual activity on your computer from past 165 days.
Which includes, your masturbation video, which brings me to the main motive why I am writing this particular e mail to you.
Well the last time you went to the porno web sites, my spyware was activated inside your computer system which ended up shooting a lovely footage of your masturbation play by triggering your cam. (you got a really unusual preference btw lol)
I have the whole recording. If, perhaps you think I am playing around, simply reply proof and I will be forwarding the recording randomly to 6 people you recognize.
It may end up being your friends, co workers, boss, mother and father (I'm not sure! My system will randomly pick the contacts).
Will you be able to look into anyone's eyes again after it? I doubt that...
However, it does not need to be that path.
I'm going to make you a one time, non negotiable offer.
Purchase USD 2000 in bitcoin and send them to the down below address:
bc1qhsv3skahm6j3qtwk0j06wjs86x0fv28y**u5vt2u [CASE-sensitive, copy and paste it, and remove ** from it]
(If you do not understand how, lookup how to acquire bitcoin. Do not waste my precious time)
If you send this particular 'donation' (let's call this that?). After that, I will vanish and under no circumstances contact you again. I will erase everything I've got concerning you. You may very well proceed living your current regular day to day life with no concerns.
You have got 24 hours in order to do so. Your time begins as quickly you read through this e mail. I have got an unique code that will inform me once you read this e mail so do not try to act smart.
Charlean Meitzen [email protected]
BUT, this fall flat hilariously as I had covered my camera with STICKERS back in Jan or Feb so yeah, here's my open rant reply to him.
Hi Charlean Meitzen (or whomever it is),
ROFL EPIC FAIL! Do you know my cam is covered with black stickers and Norton has been running 24/7 to eliminate prick jobs from you? How about you go commit infect COVID 19 and get choked from that like that of Darth Vader's?
Good riddance if people like you are gone out of the picture following the pandemic.
submitted by Themrunni to TrueOffMyChest [link] [comments]

Is this really what you want?

I've been engaged with the cryptosphere since almost the very beginning: immediately seeing bitcoin for what it was, a way to securely store wealth outside of the banking system, freed from relying on a middleman who, it became clear over time, was more interested in policing my (and everyone else) actions to make sure their ass was covered with the increasingly noisy regulators, and due to their financial irresponsibility, always coming up with new and progressively more ridiculous fees.
I was fed up with the old system already, having explored the black magic of infinite inflationable monies, centralized, communist-style administration of entire economies, and all the suffering, surveillance, corruption, and centralization of power that such things necessarily entail.
Some Rothschild or Rockefeller said it best, "give me control of a nations money supply and I care not who makes the laws" - or something to that extent.
Anyway, the allure for the very early adopters was being able to sidestep the massive fiat scam, put personal financial destiny squarely in our own hands, and not rely on third parties as much as possible.
In the beginning Bitcoin was almost completely ignored. Only some ubernerds and a few drug dealers and drug users (who would like nothing more than peacefully transact between each other and mutually benefit from the exchange by the way, but are forced into dark corners of the internet because of arcane, politically-motivated, outdated drug laws that FINALLY appear to be crumbling to pieces after DECADES of propaganda and lies organized by major world governments and their lackeys) knew about it.
Unfortunately most people lack imagination and, the nerds being mostly quiet and the drug-related activity soon being used as a justification to slam bitcoin with the "only for crime" label, most people thought nothing else of it.
They could not see, and to this day still don't see, the immense potential that cryptocurrency can bring the world.
There are more of you out there now who can, this is self-evident. Although frankly too many of you are here for gains mostly/only, and fail to see what cryptocurrency is really all about.
Much like how so many people think the Internet is facebook and instagram and twitter. Which is so shockingly ignorant it almost makes my blood boil.
Look, gains are nice, and of course we all want to make some money. I won't even fault you for taking profits, to me this seems like a sensible hedge, even a full decade into the cryptocurrency experiment, nothing is guaranteed, nothing is certain. So it makes sense to diversify, even - gasp - into fiat money that we can - hopefully - put to good use, today, in the "real" world.
But to get back to the story - quickly then, from a very underground thing that almost nobody knew about, Bitcoin was attacked as being "only for criminals", and there was a palpable sense of apprehension and fear from international organizations and governments.
Here was this thing that entirely sidestepped the financial system that keeps their funny monies going, and people were using the technology to emancipate themselves from arbitrary limitations and appalling mass-surveillance.
And once a state gets used to mass-surveillance, it is very hard to get it to stop. The power is simply immense.
Can you imagine? A database with the social connections of every citizen, what they like reading, the sites they like visiting, their physical location logged nonstop, painting very detailed pictures of peoples' lives.
All of their posts online, neatly tucked away in some searchable massive database.
Almost no one protested. "Well, I have nothing to hide", they said. And thus the surveillance state grew and grew, almost entirely unchallenged.
In the name of "fighting terrorism", "catching pedos" and "removing drugs from society" (I could write volumes on this last one alone but this is not the time or the place) we saw our liberties and privacy being steadily eroded, particularly after the perfect excuse happened on September 11 2001.
Boy oh boy did we see a destruction of civil liberties since then.
Another part of this mass-surveillance was, and is, the banking system. Put simply, every transaction you make is under surveillance, recorded indefinitely. The reasoning? It could be related to financing terrorism.
That appears to be the great corrosive thought behind all of this.
You could be making a transaction to fund terrorism.
You could be spewing "hate speech" (who gets to define it? apparently these days it means expressing right-leaning opinions - tomorrow, who knows?) on social media, so better record everything you write.
You could be visiting "extremist" sites online, and because clearly this means you must be an extremist-in-training and not just some curious human trying to understand why on earth someone would have such wicked ideas, your internet activity is logged and analyzed.
You use Tor or a VPN? Oh dear, now it's really clear that you must be a potential criminal. Otherwise you would have nothing to hide.
Right ?
Do you see the pattern?
To bring it back to cryptocurrency, Bitcoin users, it is known, were also targeted for increased attention by certain intelligence agencies. Same logic - you were not happy with using the mass-surveilled financial system of yesterdecade? Probably a criminal in the making.
Eventually though, that air of fear and apprehension more or less vanished. Regulators actually begun to realize that bitcoin is entirely transparent!
All you have to do is require KYC at strategic points. People thought you were crazy for saying KYC would come to crypto. But it was so obvious.
And you know what else is obvious? Once exchanges are keeping KYC, global regulators will require that they exchange information with them. This, recent news tell us, is already set in motion and will soon be a reality.
Given the transparent nature of most blockchain projects, the implications are so obvious that the fact that almost no one sees what's coming next is almost enough for me to lose hope in humanity.
Once there is a centralized record of who owns which addresses, several things become possible.
You can now put people under surveillance in real time while they do their transparent chain business (.. shocking, right). You can tell who they transact with, and how often. You can censor their transactions, if not at the network level, at the merchant and exchange levels.
And you can do something else too, which is to automatically treat any and all bitcoin addresses not associated with a known real identity as potential money laundering (remember the pattern?).
All of this information being available will inevitably create a reality where you will be asked questions about what you do with your money. And this time it isn't the bank, it comes straight from higher up. Because every transaction is fucking PUBLIC!.
Who did you send 0.5 BTC to on day X ? This address is not known to us. Please explain (or else).
Why did you attempt to mix your coins? Have you got something to hide?
Do you enjoy swapping coins in accountless sites like morphtoken ? Well, enjoy while it lasts, because it is a certainty that they will soon be forced to force you to put your identity at risk of being stolen, or else - you guessed it - they are helping with laundering funds.
You think tools like wasabi wallet will help? On a transparent chain?
If by now you cannot tell that the only thing this will accomplish is an automated blacklist of your coins because you must be trying to hide something but not allowing the State to track your every financial transaction on the chain, there is not much hope left for you. That is simply a massive failure of the imagination, and I lack the words to make the consequences of your ignorance any more obvious.
I'm one of those "privacy nuts" you sometimes hear about. 15 years ago I was telling people that it was a really bad idea to be donating so much personal information to some company, but nobody would listen. Already too hooked on getting attention and feeling validated. What's sacrificing a little privacy to feel good - who cares if the tech company is making millions selling your every weakness, your private thoughts, your tastes and opinions, to third parties who somehow, for some reason, are very very keen in acquiring this data.
Baffling how people could not see how valuable this data would become. Today it seems they are beginning to wake up.
Meanwhile, the entire Internet has been boobytrapped, and in the unending fight to get rid of pedos, drugs and terrorists, we all live under mass-surveillance and almost everyone pretty much accepts it without questioning things too much.
After all, there don't seem to be many consequences.
But that's just a failure of the imagination.
By accepting, uncritically, that transparent chains are a good foundation with which to build the new financial system, you are all voting for more surveillance, the automatic criminalization of privacy, suspicion by default, and subjecting yourselves to 24/7, algorithmic mass-surveillance.
Physical cash is already on the way out in some parts of the world, and this is no accident. It is much harder to trace cash, and at this point the fourth excuse to do away with that pesky stuff - civil liberties - comes into play.
The digitization of everything financial, the accompanying mass-surveillance and mass-ingestion of the data is necessary, you see, to catch tax evaders.
After all (and you will remember the pattern for sure), if you desire some financial privacy, if you would prefer to keep your economic activity to yourself, you are a potential tax evader.
It should go without saying, and even including this paragraph I suspect there will be many comments by people with short attention spans who will accuse me of encouraging tax evasion. Ah, how deep the brainwash goes.
To that I would say, just think about the fact that up to until only a few decades ago (in thousands of years of history) it was not even possible to do financial mass-surveillance.
And somehow roads were built, civilizations thrived, and there's a direct ancestry right to us.
And yet we are told that only by stripping everyone of privacy could the state ever hope to collect tax.
Bullshit.
Look, you have to ask yourself, is this really what you want ? A world of mass-surveillance where all aspects of our life are neatly categorized and searchable in some state-controlled database (that will never be hacked, right ? hint: shadowbrokers)
Can't you see it? Have you been anesthetized?
Are you too numb to see?
This is totalitarianism. Pure and simple. It's happened so gradually that somehow it seems the world has failed to notice.
It is not right for things to be this way. If you would stop distracting yourself with social media, tv series and porn (and whatever else young people distract themselves with these days) you would come to develop this notion.
Cryptocurrency was all about personal freedom. I am sorry to say that the technology has been almost entirely successfully adapted to do the exact opposite.
Rather than offer us freedom, it serves as perfect, immutable evidence of all of our economic activity, whatever little privacy it offered crushed by off-chain measures like KYC and guilty-until-proven-innocent techniques that would have made the STASI proud.
But not all is lost, yet.
Fortunately we already have the technology to make on-chain privacy a reality. It's called Monero and it works today.
I'm not going to babysit you through this and I'm not going to tell you to just trust my word for it, but I am going to tell you that if you care about a future where financial privacy is a reality, a future where the state and powerful corporations don't keep tabs on every transaction you make, every cent you receive, from whom and how often, with perfect accuracy, where automatically they know where you spend your money.. if you care about a future where you are not a slave to some financial master who insists on its right to observe to the most minute detail every aspect of your financial life (and as we have seen, many other aspects of life too - financial mass-surveillance is after all a subset of mass-surveillance itself)..
Then you owe it to yourself to read about Monero.
Transactions cost less than a cent, and on-chain privacy is a reality. Today.
Will it be the ultimate financial privacy project? This I cannot know. I can tell you that it is the best chance we got today.
Ultimately it does not matter to me which project makes financial privacy a staple. All I care about is that we, the peoples of the world, are able to transact with each other freely, without the assumption of wrongdoing, without being asked questions about or dealings and who we decide to do business with, before there is any evidence of foul play.
That is what is happening today, and it is a very palpable thing that outside of certain niches like VPN providers, Monero adoption is very lackluster.
They are afraid. People hear "privacy-preserving money" and think "headaches from the state". This is a shame.
This cowardice will, unless reversed, soon enough plunge us into a world where our masters know everything about us, and can with the press of a button blacklist, deplatform, defund, and otherwise shut us up.
Applied knowledge is power, and so is information. If you know everything about everyone, you have tremendous power over everyone.
This reality must be stopped at all costs, if we want freedom and individual liberty to survive.
Surveillance coins (99.999% of them) are not the answer to this most concerning of trends.
Stand up for your rights. Use Tor, use VPNs, encrypt your email, encrypt your communications, and use privacy preserving cryptocurrency such as Monero.
Don't be afraid. There's strength in numbers.
Never forget who ultimately gives legitimacy to laws. If enough people come to think that weed ought to be legal, then in countries where the government is still somewhat under the control of the people, it will be so.
You are probably sitting at home reading this. In the privacy of your home. That should be sacred. And yet, if you decide to visit certain sites like torproject.org or getmonero.org after you read this, automated actions behind your back will be taken. Increased scrutiny will be placed on you - "who is this person, that wants to protect their privacy?
It is hard to convey in words just how evil, misguided and stifling this is. You may say I'm exaggerating, in which case only one word for you: SNOWDEN. And by the way, it was pretty damn obvious before his revelations that something of the sort was happening.
Like it is obvious now with surveillance coins (transparent blockchains).
Today it's KYC, tomorrow is automated chain analysis, the day after it's endless questions about who you're transacting with (updating the central registry based on the answers), and when your debt-ridden, socialist-leaning state finally pulls a Venezuela on you, it's open season.
Let's try to put a stop to this while we can, shall we? The beast will not grow tamer if we keep ceding ground.
The beast sometimes needs to be reminded of who's really in control.
Privacy is not a crime. It is our birthright. We have the right and the basic dignity to transact with one another, without the Eye of Staton gazing upon us.
No one shall be subjected to arbitrary interference with his privacy, family, home or correspondence, nor to attacks upon his honour and reputation. Everyone has the right to the protection of the law against such interference or attacks.
https://www.un.org/en/universal-declaration-human-rights/
It is on us, and future generations will hold us accountable, if privacy falls worldwide and the state controls every aspect of our life, and comes uninvited to ask questions under threat of force if we refuse on principle to comply.
Stop getting distracted. Educate yourself, never stop learning, and do what you can to make this world a better place.
More state control ain't the way.
submitted by xmr_karnal to CryptoCurrency [link] [comments]

Your Guide to Monero, and Why It Has Great Potential

/////Your Guide to Monero, and Why It Has Great Potential/////

Marketing.
It's a dirty word for most members of the Monero community.
It is also one of the most divisive words in the Monero community. Yet, the lack of marketing is one of the most frustrating things for many newcomers.
This is what makes this an unusual post from a member of the Monero community.
This post is an unabashed and unsolicited analyzation of why I believe Monero to have great potential.
Below I have attempted to outline different reasons why Monero has great potential, beginning with upcoming developments and use cases, to broader economic motives, speculation, and key issues for it to overcome.
I encourage you to discuss and criticise my musings, commenting below if you feel necessary to do so.

///Upcoming Developments///

Bulletproofs - A Reduction in Transaction Sizes and Fees
Since the introduction of Ring Confidential Transactions (Ring CT), transaction amounts have been hidden in Monero, albeit at the cost of increased transaction fees and sizes. In order to mitigate this issue, Bulletproofs will soon be added to reduce both fees and transaction size by 80% to 90%. This is great news for those transacting smaller USD amounts as people commonly complained Monero's fees were too high! Not any longer though! More information can be found here. Bulletproofs are already working on the Monero testnet, and developers were aiming to introduce them in March 2018, however it could be delayed in order to ensure everything is tried and tested.
Multisig
Multisig has recently been merged! Mulitsig, also called multisignature, is the requirement for a transaction to have two or more signatures before it can be executed. Multisig transactions and addresses are indistinguishable from normal transactions and addresses in Monero, and provide more security than single-signature transactions. It is believed this will lead to additional marketplaces and exchanges to supporting Monero.
Kovri
Kovri is an implementation of the Invisible Internet Project (I2P) network. Kovri uses both garlic encryption and garlic routing to create a private, protected overlay-network across the internet. This overlay-network provides users with the ability to effectively hide their geographical location and internet IP address. The good news is Kovri is under heavy development and will be available soon. Unlike other coins' false privacy claims, Kovri is a game changer as it will further elevate Monero as the king of privacy.
Mobile Wallets
There is already a working Android Wallet called Monerujo available in the Google Play Store. X Wallet is an IOS mobile wallet. One of the X Wallet developers recently announced they are very, very close to being listed in the Apple App Store, however are having some issues with getting it approved. The official Monero IOS and Android wallets, along with the MyMonero IOS and Android wallets, are also almost ready to be released, and can be expected very soon.
Hardware Wallets
Hardware wallets are currently being developed and nearing completion. Because Monero is based on the CryptoNote protocol, it means it requires unique development in order to allow hardware wallet integration. The Ledger Nano S will be adding Monero support by the end of Q1 2018. There is a recent update here too. Even better, for the first time ever in cryptocurrency history, the Monero community banded together to fund the development of an exclusive Monero Hardware Wallet, and will be available in Q2 2018, costing only about $20! In addition, the CEO of Trezor has offered a 10BTC bounty to whoever can provide the software to allow Monero integration. Someone can be seen to already be working on that here.
TAILS Operating System Integration
Monero is in the progress of being packaged in order for it to be integrated into TAILS and ready to use upon install. TAILS is the operating system popularised by Edward Snowden and is commonly used by those requiring privacy such as journalists wanting to protect themselves and sources, human-right defenders organizing in repressive contexts, citizens facing national emergencies, domestic violence survivors escaping from their abusers, and consequently, darknet market users.
In the meantime, for those users who wish to use TAILS with Monero, u/Electric_sheep01 has provided Sheep's Noob guide to Monero GUI in Tails 3.2, which is a step-by-step guide with screenshots explaining how to setup Monero in TAILS, and is very easy to follow.
Mandatory Hardforks
Unlike other coins, Monero receives a protocol upgrade every 6 months in March and September. Think of it as a Consensus Protocol Update. Monero's hard forks ensure quality development takes place, while preventing political or ideological issues from hindering progress. When a hardfork occurs, you simply download and use the new daemon version, and your existing wallet files and copy of the blockchain remain compatible. This reddit post provides more information.
Dynamic fees
Many cryptocurrencies have an arbitrary block size limit. Although Monero has a limit, it is adaptive based on the past 100 blocks. Similarly, fees change based on transaction volume. As more transactions are processed on the Monero network, the block size limit slowly increases and the fees slowly decrease. The opposite effect also holds true. This means that the more transactions that take place, the cheaper the fees!
Tail Emission and Inflation
There will be around 18.4 million Monero mined at the end of May 2022. However, tail emission will kick in after that which is 0.6 XMR, so it has no fixed limit. Gundamlancer explains that Monero's "main emission curve will issue about 18.4 million coins to be mined in approximately 8 years. (more precisely 18.132 Million coins by ca. end of May 2022) After that, a constant "tail emission" of 0.6 XMR per 2-minutes block (modified from initially equivalent 0.3 XMR per 1-minute block) will create a sub-1% perpetual inflatio starting with 0.87% yearly inflation around May 2022) to prevent the lack of incentives for miners once a currency is not mineable anymore.
Monero Research Lab
Monero has a group of anonymous/pseudo-anonymous university academics actively researching, developing, and publishing academic papers in order to improve Monero. See here and here. The Monero Research Lab are acquainted with other members of cryptocurrency academic community to ensure when new research or technology is uncovered, it can be reviewed and decided upon whether it would be beneficial to Monero. This ensures Monero will always remain a leading cryptocurrency. A recent end of 2017 update from a MRL researcher can be found here.

///Monero's Technology - Rising Above The Rest///

Monero Has Already Proven Itself To Be Private, Secure, Untraceable, and Trustless
Monero is the only private, untraceable, trustless, secure and fungible cryptocurrency. Bitcoin and other cryptocurrencies are TRACEABLE through the use of blockchain analytics, and has lead to the prosecution of numerous individuals, such as the alleged Alphabay administrator Alexandre Cazes. In the Forfeiture Complaint which detailed the asset seizure of Alexandre Cazes, the anonymity capabilities of Monero were self-demonstrated by the following statement of the officials after the AlphaBay shutdown: "In total, from CAZES' wallets and computer agents took control of approximately $8,800,000 in Bitcoin, Ethereum, Monero and Zcash, broken down as follows: 1,605.0503851 Bitcoin, 8,309.271639 Ethereum, 3,691.98 Zcash, and an unknown amount of Monero".
Privacy CANNOT BE OPTIONAL and must be at a PROTOCOL LEVEL. With Monero, privacy is mandatory, so that everyone gets the benefits of privacy without any transactions standing out as suspicious. This is the reason Darknet Market places are moving to Monero, and will never use Verge, Zcash, Dash, Pivx, Sumo, Spectre, Hush or any other coins that lack good privacy. Peter Todd (who was involved in the Zcash trusted setup ceremony) recently reiterated his concerns of optional privacy after Jeffrey Quesnelle published his recent paper stating 31.5% of Zcash transactions may be traceable, and that only ~1% of the transactions are pure privacy transactions (i.e., z -> z transactions). When the attempted private transactions stand out like a sore thumb there is no privacy, hence why privacy cannot be optional. In addition, in order for a cryptocurrency to truly be private, it must not be controlled by a centralised body, such as a company or organisation, because it opens it up to government control and restrictions. This is no joke, but Zcash is supported by DARPA and the Israeli government!.
Monero provides a stark contrast compared to other supposed privacy coins, in that Monero does not have a rich list! With all other coins, you can view wallet balances on the blockexplorers. You can view Monero's non-existent rich list here to see for yourself.
I will reiterate here that Monero is TRUSTLESS. You don't need to rely on anyone else to protect your privacy, or worry about others colluding to learn more about you. No one can censor your transaction or decide to intervene. Monero is immutable, unlike Zcash, in which the lead developer Zooko publicly tweeted the possibility of providing a backdoor for authorities to trace transactions. To Zcash's demise, Zooko famously tweeted:
" And by the way, I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible. …"
Ethereum's track record of immutability is also poor. Ethereum was supposed to be an immutable blockchain ledger, however after the DAO hack this proved to not be the case. A 2016 article on Saintly Law summarised the problematic nature of Ethereum's leadership and blockchain intervention:
" Many ethereum and blockchain advocates believe that the intervention was the wrong move to make in this situation. Smart contracts are meant to be self-executing, immutable and free from disturbance by organisations and intermediaries. Yet the building block of all smart contracts, the code, is inherently imperfect. This means that the technology is vulnerable to the same malicious hackers that are targeting businesses and governments. It is also clear that the large scale intervention after the DAO hack could not and would not likely be taken in smaller transactions, as they greatly undermine the viability of the cryptocurrency and the technology."
Monero provides Fungibility and Privacy in a Cashless World
As outlined on GetMonero.org, fungibility is the property of a currency whereby two units can be substituted in place of one another. Fungibility means that two units of a currency can be mutually substituted and the substituted currency is equal to another unit of the same size. For example, two $10 bills can be exchanged and they are functionally identical to any other $10 bill in circulation (although $10 bills have unique ID numbers and are therefore not completely fungible). Gold is probably a closer example of true fungibility, where any 1 oz. of gold of the same grade is worth the same as another 1 oz. of gold. Monero is fungible due to the nature of the currency which provides no way to link transactions together nor trace the history of any particular XMR. 1 XMR is functionally identical to any other 1 XMR. Fungibility is an advantage Monero has over Bitcoin and almost every other cryptocurrency, due to the privacy inherent in the Monero blockchain and the permanently traceable nature of the Bitcoin blockchain. With Bitcoin, any BTC can be tracked by anyone back to its creation coinbase transaction. Therefore, if a coin has been used for an illegal purpose in the past, this history will be contained in the blockchain in perpetuity.
A great example of Bitcoin's lack of fungibility was reposted by u/ViolentlyPeaceful:
"Imagine you sell cupcakes and receive Bitcoin as payment. It turns out that someone who owned that Bitcoin before you was involved in criminal activity. Now you are worried that you have become a suspect in a criminal case, because the movement of funds to you is a matter of public record. You are also worried that certain Bitcoins that you thought you owned will be considered ‘tainted’ and that others will refuse to accept them as payment."
This lack of fungibility means that certain businesses will be obligated to avoid accepting BTC that have been previously used for purposes which are illegal, or simply run afoul of their Terms of Service. Currently some large Bitcoin companies are blocking, suspending, or closing accounts that have received Bitcoin used in online gambling or other purposes deemed unsavory by said companies. Monero has been built specifically to address the problem of traceability and non-fungibility inherent in other cryptocurrencies. By having completely private transactions Monero is truly fungible and there can be no blacklisting of certain XMR, while at the same time providing all the benefits of a secure, decentralized, permanent blockchain.
The world is moving cashless. Fact. The ramifications of this are enormous as we move into a cashless world in which transactions will be tracked and there is a potential for data to be used by third parties for adverse purposes. While most new cryptocurrency investors speculate upon vaporware ICO tokens in the hope of generating wealth, Monero provides salvation for those in which financial privacy is paramount. Too often people equate Monero's features with criminal endeavors. Privacy is not a crime, and is necessary for good money. Transparency in Monero is possible OFF-CHAIN, which offers greater transparency and flexibility. For example, a Monero user may share their Private View Key with their accountant for tax purposes.
Monero aims to be adopted by more than just those with nefarious use cases. For example, if you lived in an oppressive religious regime and wanted to buy a certain item, using Monero would allow you to exchange value privately and across borders if needed. Another example is that if everybody can see how much cryptocurrency you have in your wallet, then a certain service might decide to charge you more, and bad actors could even use knowledge of your wallet balance to target you for extortion purposes. For example, a Russian cryptocurrency blogger was recently beaten and robbed of $425k. This is why FUNGIBILITY IS ESSENTIAL. To summarise this in a nutshell:
"A lack of fungibility means that when sending or receiving funds, if the other person personally knows you during a transaction, or can get any sort of information on you, or if you provide a residential address for shipping etc. – you could quite potentially have them use this against you for personal gain"
For those that wish to seek more information about why Monero is a superior form of money, read The Merits of Monero: Why Monero Vs Bitcoin over on the Monero.how website.
Monero's Humble Origins
Something that still rings true today despite the great influx of money into cryptocurrencies was outlined in Nick Tomaino's early 2016 opinion piece. The author claimed that "one of the most interesting aspects of Monero is that the project has gained traction without a crowd sale pre-launch, without VC funding and any company or well-known investors and without a pre-mine. Like Bitcoin in the early days, Monero has been a purely grassroots movement that was bootstrapped by the creator and adopted organically without any institutional buy-in. The creator and most of the core developers serve the community pseudonymously and the project was launched on a message board (similar to the way Bitcoin was launched on an email newsletter)."
The Organic Growth of the Monero Community
The Monero community over at monero is exponentially growing. You can view the Monero reddit metrics here and see that the Monero subreddit currently gains more than 10,000 (yes, ten thousand!) new subscribers every 10 days! Compare this to most of the other coins out there, and it proves to be one of the only projects with real organic growth. In addition to this, the community subreddits are specifically divided to ensure the main subreddit remains unbiased, tech focused, with no shilling or hype. All trading talk is designated to xmrtrader, and all memes at moonero.
Forum Funding System
While most contributors have gratefully volunteered their time to the project, Monero also has a Forum Funding System in which money is donated by community members to ensure it attracts and retains the brightest minds and most skilled developers. Unlike ICOs and other cryptocurrencies, Monero never had a premine, and does not have a developer tax. If ANYONE requires funding for a Monero related project, then they can simply request funding from the community, and if the community sees it as beneficial, they will donate. Types of projects range from Monero funding for local meet ups, to paying developers for their work.
Monero For Goods, Services, and Market Places
There is a growing number of online goods and services that you can now pay for with Monero. Globee is a service that allows online merchants to accept payments through credit cards and a host of cryptocurrencies, while being settled in Bitcoin, Monero or fiat currency. Merchants can reach a wider variety of customers, while not needing to invest in additional hardware to run cryptocurrency wallets or accept the current instability of the cryptocurrency market. Globee uses all of the open source API's that BitPay does making integrations much easier!
Project Coral Reef is a service which allows you to shop and pay for popular music band products and services using Monero.
Linux, Veracrypt, and a whole array of VPNs now accept Monero.
There is a new Monero only marketplace called Annularis currently being developed which has been created for those who value financial privacy and economic freedom, and there are rumours Open Bazaar is likely to support Monero once Multisig is implemented.
In addition, Monero is also supported by The Living Room of Satoshi so you can pay bills or credit cards directly using Monero.
Monero can be found on a growing number of cryptocurrency exchange services such as Bittrex, Poloniex, Cryptopia, Shapeshift, Changelly, Bitfinex, Kraken, Bisq, Tux, and many others.
For those wishing to purchase Monero anonymously, there are services such as LocalMonero.co and Moneroforcash.com.
With XMR.TO you can pay Bitcoin addresses directly with Monero. There are no other fees than the miner ones. All user records are purged after 48 hours. XMR.TO has also been added as an embedded feature into the Monerujo android wallet.
Coinhive Browser-Based Mining
Unlike Bitcoin, Monero can be mined using CPUs and GPUs. Not only does this encourage decentralisation, it also opens the door to browser based mining. Enter side of stage, Coinhive browser-based mining. As described by Hon Lau on the Symnatec Blog Browser-based mining, as its name suggests, is a method of cryptocurrency mining that happens inside a browser and is implemented using Javascript. Coinhive is marketed as an alternative to browser ad revenue. The motivation behind this is simple: users pay for the content indirectly by coin mining when they visit the site and website owners don't have to bother users with sites laden with ads, trackers, and all the associated paraphern. This is great, provided that the websites are transparent with site visitors and notify users of the mining that will be taking place, or better still, offer users a way to opt in, although this hasn't always been the case thus far.
Skepticism Sunday
The main Monero subreddit has weekly Skepticism Sundays which was created with the purpose of installing "a culture of being scientific, skeptical, and rational". This is used to have open, critical discussions about monero as a technology, it's economics, and so on.

///Speculation///

Major Investors And Crypto Figureheads Are Interested
Ari Paul is the co-founder and CIO of BlockTower Capital. He was previously a portfolio manager for the University of Chicago's $8 billion endowment, and a derivatives market maker and proprietary trader for Susquehanna International Group. Paul was interviewed on CNBC on the 26th of December and when asked what was his favourite coin was, he stated "One that has real fundamental value besides from Bitcoin is Monero" and said it has "very strong engineering". In addition, when he was asked if that was the one used by criminals, he replied "Everything is used by criminals including the US dollar and the Euro". Paul later supported these claims on Twitter, recommending only Bitcoin and Monero as long-term investments.
There are reports that "Roger Ver, earlier known as 'Bitcoin Jesus' for his evangelical support of the Bitcoin during its early years, said his investment in Monero is 'substantial' and his biggest in any virtual currency since Bitcoin.
Charlie Lee, the creator of Litecoin, has publicly stated his appreciation of Monero. In a September 2017 tweet directed to Edward Snowden explaining why Monero is superior to Zcash, Charlie Lee tweeted:
All private transactions, More tested privacy tech, No tax on miners to pay investors, No high inflation... better investment.
John McAfee, arguably cryptocurrency's most controversial character at the moment, has publicly supported Monero numerous times over the last twelve months(before he started shilling ICOs), and has even claimed it will overtake Bitcoin.
Playboy instagram celebrity Dan Bilzerian is a Monero investor, with 15% of his portfolio made up of Monero.
Finally, while he may not be considered a major investor or figurehead, Erik Finman, a young early Bitcoin investor and multimillionaire, recently appeared in a CNBC Crypto video interview, explaining why he isn't entirely sold on Bitcoin anymore, and expresses his interest in Monero, stating:
"Monero is a really good one. Monero is an incredible currency, it's completely private."
There is a common belief that most of the money in cryptocurrency is still chasing the quick pump and dumps, however as the market matures, more money will flow into legitimate projects such as Monero. Monero's organic growth in price is evidence smart money is aware of Monero and gradually filtering in.
The Bitcoin Flaw
A relatively unknown blogger named CryptoIzzy posted three poignant pieces regarding Monero and its place in the world. The Bitcoin Flaw: Monero Rising provides an intellectual comparison of Monero to other cryptocurrencies, and Valuing Cryptocurrencies: An Approach outlines methods of valuing different coins.
CryptoIzzy's most recent blog published only yesterday titled Monero Valuation - Update and Refocus is a highly recommended read. It touches on why Monero is much more than just a coin for the Darknet Markets, and provides a calculated future price of Monero.
CryptoIzzy also published The Power of Money: A Case for Bitcoin, which is an exploration of our monetary system, and the impact decentralised cryptocurrencies such as Bitcoin and Monero will have on the world. In the epilogue the author also provides a positive and detailed future valuation based on empirical evidence. CryptoIzzy predicts Monero to easily progress well into the four figure range.
Monero Has a Relatively Small Marketcap
Recently we have witnessed many newcomers to cryptocurrency neglecting to take into account coins' marketcap and circulating supply, blindly throwing money at coins under $5 with inflated marketcaps and large circulating supplies, and then believing it's possible for them to reach $100 because someone posted about it on Facebook or Reddit.
Compared to other cryptocurrencies, Monero still has a low marketcap, which means there is great potential for the price to multiply. At the time of writing, according to CoinMarketCap, Monero's marketcap is only a little over $5 billion, with a circulating supply of 15.6 million Monero, at a price of $322 per coin.
For this reason, I would argue that this is evidence Monero is grossly undervalued. Just a few billion dollars of new money invested in Monero can cause significant price increases. Monero's marketcap only needs to increase to ~$16 billion and the price will triple to over $1000. If Monero's marketcap simply reached ~$35 billion (just over half of Ripple's $55 billion marketcap), Monero's price will increase 600% to over $2000 per coin.
Another way of looking at this is Monero's marketcap only requires ~$30 billion of new investor money to see the price per Monero reach $2000, while for Ethereum to reach $2000, Ethereum's marketcap requires a whopping ~$100 billion of new investor money.
Technical Analysis
There are numerous Monero technical analysts, however none more eerily on point than the crowd-pleasing Ero23. Ero23's charts and analysis can be found on Trading View. Ero23 gained notoriety for his long-term Bitcoin bull chart published in February, which is still in play today. Head over to his Trading View page to see his chart: Monero's dwindling supply. $10k in 2019 scenario, in which Ero23 predicts Monero to reach $10,000 in 2019. There is also this chart which appears to be freakishly accurate and is tracking along perfectly today.
Coinbase Rumours
Over the past 12 months there have been ongoing rumours that Monero will be one of the next cryptocurrencies to be added to Coinbase. In January 2017, Monero Core team member Riccardo 'Fluffypony' Spagni presented a talk at Coinbase HQ. In addition, in November 2017 GDAX announced the GDAX Digit Asset Framework outlining specific parameters cryptocurrencies must meet in order to be added to the exchange. There is speculation that when Monero has numerous mobile and hardware wallets available, and multisig is working, then it will be added. This would enable public accessibility to Monero to increase dramatically as Coinbase had in excess of 13 million users as of December, and is only going to grow as demand for cryptocurrencies increases. Many users argue that due to KYC/AML regulations, Coinbase will never be able to add Monero, however the Kraken exchange already operates in the US and has XMfiat pairs, so this is unlikely to be the reason Coinbase is yet to implement XMfiat trading.
Monero Is Not an ICO Scam
It is likely most of the ICOs which newcomers invest in, hoping to get rich quick, won't even be in the Top 100 cryptocurrencies next year. A large portion are most likely to be pumps and dumps, and we have already seen numerous instances of ICO exit scams. Once an ICO raises millions of dollars, the developers or CEO of the company have little incentive to bother rolling out their product or service when they can just cash out and leave. The majority of people who create a company to provide a service or product, do so in order to generate wealth. Unless these developers and CEOs are committed and believed in their product or service, it's likely that the funds raised during the ICO will far exceed any revenue generated from real world use cases.
Monero is a Working Currency, Today
Monero is a working currency, here today.
The majority of so called cryptocurrencies that exist today are not true currencies, and do not aim to be. They are a token of exchange. They are like a share in a start-up company hoping to use blockchain technology to succeed in business. A crypto-assest is a more accurate name for coins such as Ethereum, Neo, Cardano, Vechain, etc.
Monero isn't just a vaporware ICO token that promises to provide a blockchain service in the future. It is not a platform for apps. It is not a pump and dump coin.
Monero is the only coin with all the necessary properties to be called true money.
Monero is private internet money.
Some even describe Monero as an online Swiss Bank Account or Bitcoin 2.0, and it is here to continue on from Bitcoin's legacy.
Monero is alleviating the public from the grips of banks, and protests the monetary system forced upon us.
Monero only achieved this because it is the heart and soul, and blood, sweat, and tears of the contributors to this project. Monero supporters are passionate, and Monero has gotten to where it is today thanks to its contributors and users.

///Key Issues for Monero to Overcome///

Scalability
While Bulletproofs are soon to be implemented in order to improve Monero's transaction sizes and fees, scalability is an issue for Monero that is continuously being assessed by Monero's researchers and developers to find the most appropriate solution. Ricardo 'Fluffypony' Spagni recently appeared on CNBC's Crypto Trader, and when asked whether Monero is scalable as it stands today, Spagni stated that presently, Monero's on-chain scaling is horrible and transactions are larger than Bitcoin's (because of Monero's privacy features), so side-chain scaling may be more efficient. Spagni elaborated that the Monero team is, and will always be, looking for solutions to an array of different on-chain and off-chain scaling options, such as developing a Mimblewimble side-chain, exploring the possibility of Lightning Network so atomic swaps can be performed, and Tumblebit.
In a post on the Monero subreddit from roughly a month ago, monero moderator u/dEBRUYNE_1 supports Spagni's statements. dEBRUYNE_1 clarifies the issue of scalability:
"In Bitcoin, the main chain is constrained and fees are ludicrous. This results in users being pushed to second layer stuff (e.g. sidechains, lightning network). Users do not have optionality in Bitcoin. In Monero, the goal is to make the main-chain accessible to everyone by keeping fees reasonable. We want users to have optionality, i.e., let them choose whether they'd like to use the main chain or second layer stuff. We don't want to take that optionality away from them."
When the Spagni CNBC video was recently linked to the Monero subreddit, it was met with lengthy debate and discussion from both users and developers. u/ferretinjapan summarised the issue explaining:
"Monero has all the mechanisms it needs to find the balance between transaction load, and offsetting the costs of miner infrastructure/profits, while making sure the network is useful for users. But like the interviewer said, the question is directed at "right now", and Fluffys right to a certain extent, Monero's transactions are huge, and compromises in blockchain security will help facilitate less burdensome transactional activity in the future. But to compare Monero to Bitcoin's transaction sizes is somewhat silly as Bitcoin is nowhere near as useful as monero, and utility will facilitate infrastructure building that may eventually utterly dwarf Bitcoin. And to equate scaling based on a node being run on a desktop being the only option for what classifies as "scalable" is also an incredibly narrow interpretation of the network being able to scale, or not. Given the extremely narrow definition of scaling people love to (incorrectly) use, I consider that a pretty crap question to put to Fluffy in the first place, but... ¯_(ツ)_/¯"
u/xmrusher also contributed to the discussion, comparing Bitcoin to Monero using this analogous description:
"While John is much heavier than Henry, he's still able to run faster, because, unlike Henry, he didn't chop off his own legs just so the local wheelchair manufacturer can make money. While Morono has much larger transactions then Bitcoin, it still scales better, because, unlike Bitcoin, it hasn't limited itself to a cripplingly tiny blocksize just to allow Blockstream to make money."
Setting up a wallet can still be time consuming
It's time consuming and can be somewhat difficult for new cryptocurrency users to set up their own wallet using the GUI wallet or the Command Line Wallet. In order to strengthen and further decentralize the Monero network, users are encouraged to run a full node for their wallet, however this can be an issue because it can take up to 24-48 hours for some users depending on their hard-drive and internet speeds. To mitigate this issue, users can run a remote node, meaning they can remotely connect their wallet to another node in order to perform transactions, and in the meantime continue to sync the daemon so in the future they can then use their own node.
For users that do run into wallet setup issues, or any other problems for that matter, there is an extremely helpful troubleshooting thread on the Monero subreddit which can be found here. And not only that, unlike some other cryptocurrency subreddits, if you ask a question, there is always a friendly community member who will happily assist you. Monero.how is a fantastic resource too!
Despite still being difficult to use, the user-base and price may increase dramatically once it is easier to use. In addition, others believe that when hardware wallets are available more users will shift to Monero.

///Conclusion///

I actually still feel a little shameful for promoting Monero here, but feel a sense of duty to do so.
Monero is transitioning into an unstoppable altruistic beast. This year offers the implementation of many great developments, accompanied by the likelihood of a dramatic increase in price.
I request you discuss this post, point out any errors I have made, or any information I may have neglected to include. Also, if you believe in the Monero project, I encourage you to join your local Facebook or Reddit cryptocurrency group and spread the word of Monero. You could even link this post there to bring awareness to new cryptocurrency users and investors.
I will leave you with an old on-going joke within the Monero community - Don't buy Monero - unless you have a use case for it of course :-) Just think to yourself though - Do I have a use case for Monero in our unpredictable Huxleyan society? Hint: The answer is ?
Edit: Added in the Tail Emission section, and noted Dan Bilzerian as a Monero investor. Also added information regarding the XMR.TO payment service. Added info about hardfork
submitted by johnfoss69 to CryptoCurrency [link] [comments]

Evidence that the mods of /r/Bitcoin may have been involved with the hacking and vote manipulation "attack" on /r/Bitcoin.

While running the Censorship Notifier Bot, we generally try to stay out of any specific situations regarding any subreddits we monitor. But the very nature of the CNBot requires it to collect and store large amounts of data, and requires us to be aware of normal trends within a subreddit to ensure the bot is running correctly. Specifically, the bot needs to know exactly what was on the site at a specific time, and when things disappear from the site. This data positions us to diligently analyze events and check real data as we go. When we first began looking at the massive downvoting attack as shown in BashCo's previously stickied thread last week, the first thing we noticed was that both of the bot-voted comments ( Image of #1, link to #2 ) would normally trigger our censorship notifier detection. Both "censoring" and "censorship" are trigger words we have found triggering automatic removal, something we later confirmed again. This would imply that either the comments were explicitly approved by the moderators at that time, or our understanding of the subreddit's policies needed updating. We began to dig into the data available, and those findings lead us to the conclusion that we must publish what we had found. Note: All times are in UTC; Some references are moved to the end of the document, tagged as [REF-1], [REF-2], etc.

Overview

We'll start out by giving a rough picture of the events that transpired. The bots which were downvoting comments and posts on /Bitcoin and upvoting posts on /btc began their attack on 11/14/2017 at around 18:00 utc. A similar unusual pattern of voting appeared on /btc around the same time the day before, though less dramatically. The bots seemed to be pushing people to buy Bitcoin Cash in such a blatant way that it even left a bad taste in the mouths of Bitcoin Cash supporters. Both the attack the day before and the /Bitcoin bot voting attack on 11/14/2017 ended before or around 22:00 utc [REF-3]. The bots attacking /Bitcoin upvoted posts complaining about high fees and downvoted about 30 other /Bitcoin posts. At the same time they upvoted posts on /btc. We identified 65 comments downvoted by bots in /Bitcoin and 2 upvoted. The conclusions appeared to indicate that the bots were promoting Bitcoin Cash and /btc and harming /Bitcoin.

Suspicious comment #1

We began investigating into the comments that caught our eye at first, referred to as [CU-1] and [CU-2] for short. [CU-1]'s content can be seen here as it originally looked. Immediately we noticed the next oddity - How were people able to see votes in /Bitcoin to discuss voting in the first place? /Bitcoin has blocked votes from being visible on comments during discussion for years. When did that change? We found that it changed right before [CU-1] was posted. BashCo stickied a comment stating they would "pull back the curtains" at 20:49, and archive.org confirmed that scores became visible between 20:32 utc and 20:50 utc. That, oddly enough, was just 13 minutes before [CU-1] was posted at 21:02:25.
We have determined that [CU-1] was indeed blocked by /Bitcoin's automoderator rules as we expected. The screenshot taken by /Bitcoin moderator StopAndDecrypt clearly shows this, as the "moderator approved" checkmark is present. We also tested automoderator rules with an aged account with karma and confirmed that "censors" and "censoring" were both blocked [REF-1]. Note that the poster, darwin2500 (under control of hacker, please don't ping them; they aren't a Bitcoiner) could not have been an "approved submitter" - they seem to have only had one comment in /Bitcoin before the hacking. So why was the comment manually approved? We are not aware of any other approved or allowed comments that blatantly reference censorship like that in the last several months. The obvious answer is that after "pulling back the curtain" and making votes visible, the /Bitcoin mods wanted to give people an opportunity to see this voting manipulation in action.
Except this idea did not hold up. We found 10 similar comments from the same time period which were not approved or were explicitly removed unlike [CU-1]. Some of these were uncannily similar to the original comment. For example this one was submitted 8 minutes after [CU-1] and never approved. Another here supported neither subreddit and was blocked at 21:48 and never approved. This one accused /Bitcoin mods of being paid by Blockstream and was manually removed at ~22:35. A fourth was identical to [CU-2] and blocked at 00:12 and never approved. The same account of [CU-1] submitted a second comment 5 minutes after [CU-1] and was blocked and not approved. The other 5 things blocked or removed around the same time were: [1] [2] [3] [4] [5]. The existence or absence of most of these comments around the claimed time can be verified independently of the censorship_notifier, see [REF-2]
But the why wasn't the only oddity. [CU-1] was submitted, approved, upvoted, and screenshotted all in less than 180 seconds, as shown by its screenshot ("2 minutes" rounds down on Reddit). That is an extremely short time for an automoderated comment to be approved based on what we have observed and in checking other subreddits open modlogs on approvals. Perhaps the moderators were very snappy about approving comments within this particular thread? Once again, this idea did not hold up. This comment appears to have been manually approved as it wasn't seen until the third scan after its supposed creation, ~11 minutes of delay. Perhaps only when the comment was a direct reply to BashCo? Still no - Here's a comment that was a direct reply to BashCo, but didn't show up in scans for 45 minutes. Here specifically the our data can be independently checked - This snapshot does not show the comment, but this one does.
Despite all the comments being blocked or removed as normal that we found, what we did not find was any other examples of anti-Bitcoin comments approved or allowed except the comments the bots upvoted. Three snapshots([1] [2] [3]) of the thread in question show no other strongly anti-Bitcoin comments present except [CU-1] and [CU-2]; Why did the moderators specifically allow [CU-1] and [CU-2] and nothing else? Perhaps they wanted to reveal the voting patterns, but then why only those comments? Further, by the time of [CU-1], the bot had not upvoted any comments at all. Why would the moderators assume that particular comment and no others would be upvoted, a mere 13 minutes after they "pulled back the curtain?"
In addition to the data we're referenced, our claims about the moderation of [CU-1] can be verified by either the admins or any current moderators of /Bitcoin, as moderator log events cannot be deleted. If anyone sends us an image of the moderator who approved this comment(preferably with full HH:MM:SS timestamp!) we will add the image to this post and keep their identity anonymous.

How did the bots pick targets?

The next thing we investigated was the behavior of the bots during the "attack". How many posts and comments did they downvote? How many did they upvote? What did they pick and were there any obvious correlations? We initially identified only two posts inside /Bitcoin that were upvoted by the bots - Both being posts about long delays on the OP's transaction confirmations. The first post was removed by moderators but otherwise no one seemed to notice the sudden upvotes. The second post upvoted on the other hand had users commenting on the upvotes within 8 minutes of it being posted and had several comments downvoted within it by the bots. Generally (but not always) the targets of the bots got 200-250 votes, either up or down [REF-3]. Even before the moderators of /Bitcoin revealed comment scores, users were commenting on the obviousness of the downvotes (edits). We found images from hacked users which showed what posts the bots chose to upvote and downvote, which further helped us identify as many of the posts as possible [REF-4] [REF-5].
The comments upvoted, too, were specifically chosen. Both comments upvoted were ones attacking /Bitcoin over censorship, and without any subtlety. Both comments were in the primary stickied thread with most of the comment downvotes. We quickly determined that the account that posted [CU-1] was under the control of the hacker, something other users also concluded. [CU-2] was posted by a clear /Bitcoin supporter based on history. Both comments used words that /Bitcoin's automod rules normally silently block [REF-1]. Other comments that subtly denigrated the subreddit's policies were noticed by the bot - but were downvoted instead of upvoted. Why?
The comments and posts chosen for downvoting were all over the place. Many of the comments chosen for downvoting seems to have been simply "because they were there in the thread" - For example every single comment visible in before 20:50 was downvoted. BashCo was targeted more than any other user(8 comments), but the bot generally didn't seem to focus on specific users. The vast majority of comments downvoted(54/65) happened in the stickied post, with 6 more happening in the second upvoted post. The remaining 5 comments downvoted were scattered across 4 different posts [REF-3]. The bot specifically went after comments and posts talking about downvotes, the accounts hack, or the attack itself [REF-5] but they also downvoted neutral posts. The voting seemed to come almost exclusively in waves targeting one thing at a time, which made the bot votes obvious to anyone who was looking for them - which people were, since many posts targeted were about the downvotes.
We also noticed that an extremely high number of /Bitcoin and /btc users were reporting that they themselves were hacked and part of the bot attack. We identified 35 such users, but the highest number of votes seen on a single thing indicate between 250-300 accounts involved with the attack. Over 10% of the hacked users were Bitcoiners, what are the chances of that? Well, Reddit has (very) roughly 50 million accounts, and the CN database indicates that about ~50k are regular or semi-regular /Bitcoin and /btc users, which is 1/1000th. 35 / 300 of hacked users being regular Bitcoin users and feeling the need to post about it is > 1/10th. Whoever was running this bot seems to have intentionally chosen Bitcoin users - It seems like they wanted the hacked users to see the results of the hack.
The result of all of this was that many many people commented on the blatantness of the voting, with many of them suspicious as to why anyone would do such a blatant attack. More examples: [1] [2] [3] [4] [5] [6] [7] [8] [9]. Amidst all of this there was one exception so subtle that we almost missed it - There were two posts voted on that ran completely contrary to the rest of the behavior of the bot. The first image showed upvotes on a pro-/Bitcoin post "PSA: Attack on Bitcoin" thread and a downvote for the anti-/Bitcoin "awkward meme orgy" /btc thread. At first we thought maybe this was a legitimate vote by this user mixed in with bot votes, but archive.org showed us that indeed that /btc thread got a sudden wave of downvotes in less than 23 minutes. Perhaps the bot forgot which side it was pushing for? But both changes were subtle and not noticed by any users as far as we can tell.
The final thing the bot did as far as we have identified was to upvote [CU-2], and then the attack seems to have stopped suddenly. That comment wasn't upvoted until 21:55 - 22:05. So what about that comment? Why was that the only comment not under its own control upvoted, and why did the attack stop suddenly afterwards?

Suspicious comment #2

The CN database gave us some hints. Both the [CU-2] and this comment were deleted by the user, likely when they took back control over their hacked account. [CU-1] was deleted at 21:23 +/- 1 minute, ~21 minutes after creation [REF-6], and not present in that snapshot. The votebot operator probably didn't expect this to happen so quickly. After that deletion there was no obvious comment showing their upvotes on the thread, and there were no obvious choices to choose from. It seems that they wanted a comment that wouldn't vanish, so not a hacked account, and also that they preferred a comment that could ultimately be used to make /btc look guilty.
4n4n4's comment [CU-2] provided exactly this, and it was posted to the thread ~5 minutes after [CU-1] was deleted - at 21:28. [CU-2] was never blocked by automoderator, it was picked up in the next CN scan ~1 minute later... Seemingly because 4n4n4 is an approved submitter. They have a long history of pro-/Bitcoin comments; we archived 5 pages of comments. The moderators left the comment in place and the bot didn't touch it for at least 27 minutes. With the similarities listed above, [CU-2] made the ideal next target for the bot's upvoting. Almost immediately after it did so, 4n4n4 screenshotted, archived, and edited the comment. And then the bot's voting attack instantly ceased as far as we can tell [REF-3] [REF-5].
But 4n4n4 was not a hacked account. So who is 4n4n4?

So who posted that?

We have a surprisingly large amount of evidence indicating that 4n4n4 is nullc, the CTO of Blockstream.
The biggest indicator we found is that nullc has the very frequent pattern-- of writing--his sentences with two dashes separating words. This by itself is somewhat rare, though we confirmed that he uses it more times than anyone else in the CN database, the much more unusual habit is using two dashes with no spaces on either side. The CN database stored 860,000 comments for us to compare with, and very quickly confirmed the similarities between the two. His history is littered with examples, but we also used the bitcoin-dev email list to confirm the unusual habit. Like 4n4n4, nullc also has examples of using this--specific pattern twice in one sentence, which was extremely rare in our searches.
But there were many more things we noticed. We found several examples of 4n4n4 picking up nullc's conversations and continuing them. One such case was 4n4n4's third comment ever. 4n4n4 also referenced many of nullc's writings and posts. 4n4n4 referenced this code change that originated from nullc multiple times. 4n4n4's [CU-2] comment edit used the words "rbtc playbook," something our database confirmed was extremely rare but is a saying nullc likes.
And that was just the beginning:
  1. Very knowledgable about Bitcoin Core development & the history of the scaling conflict.
  2. 4n4n4 picked up a thread after many replies by nullc arguing that low fees and empty mempools are actually a problem.
  3. Just like nullc, 4n4n4 liked BIP148 but did not "support" or "endorse" it.
  4. Seems to know an awful lot about nullc's life.
  5. Used the phrase "Bitcoin's creator", a major nullc trait previously documented
  6. Talks about nullc. A lot.
  7. Somehow knows who is working on what within Blockstream.
  8. And even responded directly to nullc in support of a claim nullc had made multiple times within that thread

Conclusions

After the massive amount of research we put into this, we believe that at least one moderator of /Bitcoin must have been either aware of the bot's plans (and allowed it to place blame on others), or have executed the attack themselves. This is most likely the moderator who immediately approved the [CU-1] comment. Other moderators may or may not have been involved. Meaning, yes, we believe that a moderator of /Bitcoin either directed or was complicit in the hacking of many of their own Bitcoin Reddit user accounts.
We believe that it is likely that 4n4n4 aka nullc was also aware of or involved in this attack based upon the suspicious timing and similarities of [CU-2]. A Core Developer of nullc's experience would certainly have the technical abilities to pull off such an attack, but that is true of many others on both sides of the debate as well. Some users reported that the IP addresses the bots logged in from were vultr instances and that vultr 1) requires tracable payment methods like credit cards, and 2) takes an aggressive stance against abuse of their systems, so perhaps more information can come to light about this yet.
We encourage the Reddit admins to carefully review our claims and to validate them. If our claims here are true, surely some type of strong action is warranted. Please note that we have tried to make sure all of our links are archived, but they were archived under the www.reddit.com domain and not the np.reddit.com domain.
For any people who found this post helpful and want to tip us, please donate your tips to archive.is and archive.org (not us). Without those two amazing services none of this research would be possible.

References

[REF-1] - Exact steps to confirm automoderator rules, on a aged account with comment karma: Before http://archive.is/ngxZk -> direct copy of [CU-1] (blocked) http://archive.is/yq52B (showing) http://archive.is/qPJTo -> "censoring" (removed) http://archive.is/geSvJ (showing) http://archive.is/muQzT -> "censors" (removed) http://archive.is/neMwe (showing) http://archive.is/2OLal -> After (showing) http://archive.is/LdZMb userpage: http://archive.is/SwCQ2.
[REF-2] - Links of userpages showing comments removed and subreddits showing missing: [1a] [1b] [2a] [2b] [3a] [3b] [4a] [4b] [5a] [5b] [6a] [6b shows missing]. These additional archive.org links show several of these items missing (or visible) at the snapshot time: [1] [2] [3] [4] [5]
[REF-3] - Data dump of all comments posted around the time of the event, with notes. CSV format.
[REF-4] - Images from hacked users: [1] [2] [3] [4] [5] [6] [7]
[REF-5] - Final vote tallies for all posts up to 24 hours prior to the event's end, with notes. CSV format.
[REF-6] - Records from the CN database regarding when darwin2500's comment was deleted. "minutesAlive" is incremented every time the item is seen and starts from the first_seen_live
submitted by censorship_notifier to btc [link] [comments]

Bought some Buttcoin

Hi,
I like hanging-out here, but the other day I had to use Bitcoin, and want to tell you about my experience buying a definitely legal product that could only be bought using Bitcoin. It had to be bought with ‘BTC’, not one of the other ‘Bitcoins’ that have different initials. They really need to pack that shit in, except freedom doesn’t let them, so…
I was surprised at how confusing it is to buy Bitcoin, and how the supposed fundamental advantages of Bitcoin seem to vanish when you actually try to buy it.
To begin:
You can purchase on an exchange, such as Coinbase. However, if you keep your money on the exchange, there’s a good chance they’ll collapse and steal it from under you, and unlike real life, all the blame will fall on you, the customer.
I wanted to use Coinbase, because they appeared the least likely to collapse. However, I was informed by someone else who had also bought the product I was after, that Coinbase actually blocks/cancels sending money to certain wallet addresses that belong to ‘known vendors’. So, what’s the point of Bitcoin, then?
Instead, I went somewhere else.
Blockchain.com was recommended to me. It turns-out that you have to verify yourself to them, before you can purchase any Bitcoin. That means, a photo of yourself, and some form of government-issued ID. Where the fuck is the privacy?
Anyway, the pictures I took with my iMac camera weren’t sufficient (their ‘team’ rejected me), so I gave-up. Now there’s two pictures of me and my driving license on their server for the rest of time, I guess.
Next, I was recommended to try ‘localbitcoins.com’. This site works a bit differently, in that it’s not an exchange, but rather it just lists people who want to sell Bitcoin, what their terms of sale are, their exchange rate, etc. Methods of payment?
National bank transfer: I'm not doing that.
Cash: That means actually meeting some dude in person and negotiating with them. Are they crazy? I’m not meeting someone somewhere in town to purchase currency.
PayPal: Most convenient for me, but terrible exchange rate on it, and they require photo ID, and a picture of myself holding a special sign-up!!!
As far as I can tell, there’s no way to own Bitcoin and remain anonymous, without having mined it yourself, which is no longer an option for the average person.
Anyway, I get some BTCs. I purchase them using a credit card.
It takes several days to acquire the total BTC required, because the exchange has daily limits. OK, fair enough.
The thing is, though, owning that Bitcoin is terrifyingly stressful. You feel like you’re about to lose it every second. I kept refreshing the page. What if the other tabs in my browser can see this page, somehow? What if there's a rogue plugin in my browser? What if the exchange collapses? What if the exchange steals my money, because my wallet is only a temporary one on the exchange? I don't have a 'hardware wallet'? All these things will be my fault.
I couldn’t wait to send my Bitcoin off to someone else, just so it wasn’t my responsibility to hold it.
I had to give the exchange my phone number to send it to someone else, btw. Another piece of personal information gone. I suppose I’m supposed to use a burner for that.
Sending it is also kind of scary, because you know if there’s one single character wrong in the address, it’s all gone into thin air. I copied and pasted that thing like seventeen times before I was comfortable.
I also have to pay a fee to send it. I thought the whole point of Bitcoin was about avoiding fees? I made several deposits from filthy fiat into BTC, and every time, I’m losing money to the exchange, and trying to calculate how much BTC I’ll end-up with after all my fees are deducted. And I have to pay the Satoshi tax to send it, and there's a delay much longer than stuff like Visa and PayPal.
In the end, nothing really went wrong, and the transaction was successful, but I'd still never do it again...
submitted by BioBiro to Buttcoin [link] [comments]

Lost basically my entire investment last night being very stupid. Don't make my mistakes.

Please try to learn from my story. I tried to make it a video, but I am not that great on camera, so I just made a short video just introducing myself here: youtube-link
 
Right now I am sick to my stomach, I cannot sleep, and can barely function. After losing money left and right, I finally tipped last night and lost the last bit of a big chunk of my savings that I had ‘invested’ in Cryptos. This story is very hard for me to tell, because I am ashamed. Ashamed of how naive I have been, and how I made mistake, after mistake, after mistake. Saving the dumbest mistake for the last.
 
A bit about me, just so you can see this could happen to anyone. My name is Ryan and I am from Canada, so don’t get too confused if I sometimes talk in CAD and sometimes in USD. I am typically a logical person, I have a degree in Computer Science, and I was always the guy saving his money. Not to the point of being cheap, but I wouldn’t spend money on myself, I would skip going out for lunch, or walk \ take the bus somewhere to save that extra cash. And in the past, I made incredibly risk averse investments, to the point of getting beat out by inflation most of the time.
 
Story starts about 2 months ago when I hear that Bitcoin was at around $4400, I had heard about it many times before, but as I said, I was never the one to risk investing. Finally I took the plunge, and invested my savings, many thousands into ETH and BTC. My plan was just to buy ‘safe’ coins, and invest long term. I didn’t expect to get rich anytime soon…
 
Soon after I did this, the crypto markets tanked. Im sure you all remember, everything fell to around the BTC $3000 and lower, I lost a ton. Not being used to this, I started scrambling to figure out how I could make it back, no idea if BTC would rise back up. I started ‘day trading’ cryptos, but I somehow made every mistake. At first I was buying based on if I thought the coin had actual merit, and a real use case (ripple, LTC, WTC, some ICOs etc.). But I just lost money, seemed I bought everything when it was up. My ICOs (like LAT) would end up being worth ½ of what I paid for them or less. Even my ETH, something I thought for sure would hold more value than BTC, was staying below my buy in point of around $340. When BTC started going back up, most of my portfolio was in other coins! I was too slow to react. Losing more money. So then I stepped back and thought, okay if this isn’t working how are other ppl making money? Sounds logical right?
 
After lurking on reddit, it seemed like rumours were really running most of the markets, they didn’t always pan out, but when they did it was big. This could have just been the small sample size I was looking at, but it felt real to me. So I started looking for rumours, and of course I lost more money. At this point I am starting to get desperate to make my funds back, I had tried scraping the markets volatility a bit before. Just place a sell order a bit above the market and then a buy order a bit below. But it only kinda worked, I would win some, but in general I didn’t have the time or the money to put into it. So I figured maybe there are bots that I can get to do this. Again I wasn’t thinking of getting rich overnight, just slowly making my money back. This is how I lost another big chunk. After googling for some bots I found a site called Carismo.biz that you would just invest your funds with them and they would use bots to make you money. Makes sense, but I was still skeptical of course. I tried with a smallish investment, and it actually started working. Not super fast, but fast enough that it had me hooked. I invested more. Till one day the site just stopped working... It was gone, all gone.
 
After some searching I found a whole other market of what they call HYIPs, but that’s a very friendly name for them. As should have been obvious to me... they are pyramid or ponzi schemes. The site exists for just long enough to get noticed, paying ppl with funds that others invest, then it vanishes with everyone's money.
 
So now, I am just emotional, making choices with little or no consequence. Still following rumours cause I figure what the hell, it could work? Late last night I moved a bunch of money onto yobit.net because there was some coin that I was hearing rumours about, who even knows what coin it was now. I noticed they had a Dice Game, with no limit. Just press a button and you have a 48% chance to double your money... I didn’t lose it all at once, that would have been too easy. I knew the basic but seemly ‘foolproof’ Fibonacci or martingale strategy. Add the last 2 or more losses together, and keep betting higher and higher only when you lose sequentially. I would start at 0.0001BTC and that way my limit was high enough that I had to come out ahead… it worked for a few hours, I was up 0.2BTC or so or about $1200. Amazing! But this was no where near the amount I had lost over the last few days \ months, so I kept going. But eventually the streak hit, I bet more and more to recoup it, until I was at 0.64BTC for one roll, but enough lost bets before that to double it. I wasn’t even thinking about this being my last full BTC, and how much it was worth. I don’t know what came over me, I should have stopped long before that number, I should have never even started. It was just so easy to hit ‘Roll’. I was blind. I lost ~$8000 instantly. Might not seem like a lot of money to some of you, but I know to others it’s massive, and I am one of those.
 
I stayed home from work today to write this, I knew there was no way I could face anything after these mistakes. Hopefully someone else can learn from this. I am sure this story or something similar has happened to others before. But you do not hear it enough. The shame stops you from telling it.
 
Today my portfolio is about 0.4 of a BTC, a little ETH and a handful of ico coins, who knows what will happen with them. I am not sure what to do. If anyone has any advice or help they could give me, I will listen. Should I exit everything? Or Just step back? Uninstall Blockfolio, and hold what little I have left? Some might even say I should buy back in, borrow against my credit cards and line of credit. I know there is a voice in the back of my head still telling me to do that. What else do I have to lose?
 
TLDR: Despite being a smart and logical person, I fell prey to the get rich quick hype and lost roughly $18,000CAD of my initial investment by every manner available: badly timed investments, icos, HYIPs, and finally the yobit Dice Game last night.
I will be online here for 4 hours or so, feel free to AMA. I have to head out now, but I will be back later to respond.
submitted by moloman to CryptoCurrency [link] [comments]

Has David Smillie of ezbtc.ca gone into hiding?

Since the CTV and thetyee.ca article on David Smillie were posted, things have gone quiet.
https://bc.ctvnews.ca/b-c-cryptocurrency-exchange-faces-6-lawsuits-dozens-of-unpaid-users-1.4531956
https://thetyee.ca/News/2019/07/26/Vancouver-Bitcoin-Firm-Accused-Owing-Millions/

The ezbtc.ca website loads, but there is zero volume. A pop up says certain site features are disabled.
The monitoring site says emergency maintenance is being performed.
Calls go straight to an answering machine.
Emails are unanswered.

Has anyone out there heard anything from David Smillie, or has is he vanished along with millions in user funds?
submitted by Anxious_Piano to BitcoinCA [link] [comments]

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Can Bitcoin Disappear As A Whole?

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