Thread: RIP Bitcoin

ATM hackers exploit the speed weakness in BT4C.

https://twitter.com/el33th4xor/statu...34958882365450

The slow legitimisation of crypto...

Earlier this year, Christine Lagarde, who has just been nominated to replace Mario Draghi as president of the European Central Bank (ECB), warned that cryptocurrencies are "shaking the system"—something that could signal a change in the ECB's approach to bitcoin and crypto

https://www.forbes.com/sites/billyba.../#5e2125f82ed9

wots going on with xlm

Japanese Bitpoint just got hacked of around 32 Million Usd in hot wallets, cold wallets staid safe.

The company Remixpoint said it will compensate the customers, what is less then 10% of that hack, rest was operating portfolio of the company.

Coinbase keep c98% of their coins offline and under tight security, c2% for general day to day trading, and a tiny % on permanent standby and accessible within seconds, again under strict supervision.

Binance covered their recent loss through their own reserve fund, so that no clients lost out, and followed through with extra layers of security; no info on the % they still keep online.

While significant hacks are handed over to tracker firms that can monitor addresses for movement and follow stolen coins to umpteen levels, this is a pointless exercise and zero deterrent because when stolen coins eventually do reach identifiable individuals/group/accounts nothing can be done without formal and internationally recognised laws/procedures for recovery. Until that happens and it won't for a long while yet, early bird hackers will rake it in.

And just mho, there is so much money to be made from a few keyboard clicks that cold wallets like the Nano are already not as safe as narratives claim. You read it here first.

and the web based dash wallet has been infiltrated since may - http://twitter.com/dashpay/status/1149800258399961088

even the trezor and ledger I would not be confident in as you still need to connect them to a windows machine and how many people have a dedicated fully patched machine only used for their crypto transfers ?

I still think a bootable encrypted linux mint with just enough installed to do what you need for crypto and keep your seeds written or as jpegs in an encrypted container backed up online in storage at a couple of places

My coins are all at exchanges and will stay put in lieu of safer (sic) places to park up, which won't be anywhere near a Nano.

cryptos currencies is like asking black hat hackers to secure the internet

actually wouldn't surprise me if the whole thing is not a black hat scam to steal from porn kings, drug dealers and other online criminals

^ Wasn't it created by AI, as a means to secure billions of dollars, to fund their take over of the World?

Ya got yer <300k Jabs.

Easy 50k to buy, and sell at 350.

Originally Posted by baldrick

have you consolidated your holdings yet ? bailed out on your sh1tcoin bets ?

two yootoobs?

Barbarick...

Originally Posted by Luigi

Ya got yer <300k Jabs.

Easy 50k to buy, and sell at 350.

Thanks, am strapped in, never turn up my nose at easy money.

Well, you made 10,600thb in 24hrs of doing nothing, with that buy.

a bit more, but what's a few baht among friends

Outgoing BoE governor makes a statement about digital currencies replacing the $US as the world's reserve currency...

https://www.bloomberg.com/news/artic...rnd=markets-vp

His most striking point was that the dollar’s position as the world’s reserve currency must end, and that some form of global digital currency -- similar to Facebook Inc’s proposed Libra -- would be a better option. That would be preferable to allowing the dollar’s reserve status to be replaced by another national currency such as China’s renminbi... ...though in his speech he said it may be that a new “Synthetic Hegemonic Currency” would be best provided by the public sector, through a network of central bank digital currencies.“Even if the initial variants of the idea prove wanting, the concept is intriguing,” he said. “An SHC could dampen the domineering influence of the U.S. dollar on global trade.

China is planning a digital yuan and Russia a digital rouble

bitcoins value will soon soar because of uncertainty and some others will go with it

more PR stunts from personalities so they can claim their media existence,

more suckers falling for it,

how much for a BTC these days? looks like the pump game is under way to attract the suckers

bx.in.th is shutting up shop

Interesting that's who I was using.

Taxed / regulated out of business maybe?

I had felt that the main technicial people were english from some interaction I had with them years ago , so I guess they may be looking at the writing on the wall and bailing before thai culture trys to fcuk them over

OMG the thai crypto is showing itself to be rather useless and the thai banks have been eyeing crypto as they try and keep up with the joneses so when they try to roll out their version they will of course attempt to nobble any competition

Originally Posted by baldrick

I had felt that the main technicial people were english from some interaction I had with them years ago , so I guess they may be looking at the writing on the wall and bailing before thai culture trys to fcuk them over

Probably right on both counts.

Shame though, I always found it a good service and quite fuss-free to use.

https://www.bangkokpost.com/business...-bx-bowing-out

Stringent regulations and imminent market saturation could be the main factors prompting the forthcoming closure of Bitcoin Co Ltd (bx.in.th), Thailand's largest digital asset exchange, say local operators of digital asset exchanges.

"BX may be worried about providing customer information and trading information to the Securities and Exchange Commission [SEC] on a daily basis," said Poramin Insom, founder of Satang Corporation Co Ltd.

"The SEC does cross-check for prices of digital asset transactions every day."

Authorised digital asset exchanges are required to disclose high-value transactions to the SEC and the Anti-Money Laundering Office.

decentralised DEXs will do in the trading platforms , so likely a good time to be getting out - though it is a wonder they didn't try and sell

and this is the smoking gun that these are scam operations creating fakes trades and fake liquidity to manipulate prices,

we used to have the same with FX echanges back in the year 2005/2008, full of scams for the usual idiots (future Bitcoins followers)

sharing trading information with the SEC in their trade depository would actually be a good thing for everyone, even for the bitcoin exchange customers as some credentials of transparency and integrity

so what do they do instead? they shutdown and run