Sanrith Descartes
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Bitcoins/Litecoins/Virtual Currencies
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
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Golden Baronet of the Realm
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This is freaking hilarious. Twitter needs to be taken down a few pegs, it's completely insane that they have the amount of unchecked power they do with so little security/checks and balances.
Just imagine if the hackers weren't just after money:
Trump: "Nukes are inbound from Nk/China/Russia/Iran, enter shelters and try to survive, US sending response around the globe"
Musk: "Good luck America, tweeting from my private bunker"
Gov Coumo: "I'm sorry we failed you America, get to shelter if you can"
CNN: "Multiple confirmations of unstoppable BM's in air, Minuteman III's launched in response, WW3 is here"
NYT: "WW3 will hurt women and trans people the most"
Merkel: "RIP europe, ve hardly knew ze"
Just imagine if the hackers weren't just after money:
Trump: "Nukes are inbound from Nk/China/Russia/Iran, enter shelters and try to survive, US sending response around the globe"
Musk: "Good luck America, tweeting from my private bunker"
Gov Coumo: "I'm sorry we failed you America, get to shelter if you can"
CNN: "Multiple confirmations of unstoppable BM's in air, Minuteman III's launched in response, WW3 is here"
NYT: "WW3 will hurt women and trans people the most"
Merkel: "RIP europe, ve hardly knew ze"
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agripa
Molten Core Raider
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The BTC scam was likely a cover to get something larger like Bidens and Obama's DM's.
Sanrith Descartes
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News is reporting it was a bunch of teens/20-somethings. It was originally meant to sell hacked OG accounts and it kind of went crazy when the bitcoin idea came up.
Flobee
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Bitcoin sent to space
Bitcoin used for horrific shit
cointelegraph.com
The more I learn about this stuff the more positive I am that crypto in some form will be the money of the future. Central Bank Digital Dollars (CBDCs) are all but guaranteed soon and crypto will be the only offramp to keep Central Banks from having (even more) draconian control of the money supply.
Bitcoin used for horrific shit
Two Teens Arrested After Paying Bitcoin to See Livestream Murder on Dark Web
The deep-web website allowed users to pay extra to decide what torture the children would be subject to next
cointelegraph.com
The more I learn about this stuff the more positive I am that crypto in some form will be the money of the future. Central Bank Digital Dollars (CBDCs) are all but guaranteed soon and crypto will be the only offramp to keep Central Banks from having (even more) draconian control of the money supply.
BrotherWu
MAGA
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I have free time now and I am looking into cryptos and I want to start doing some mining just for shits and giggles. Some of the sites seem really sketchy. Can anyone recommend a guide that walks you through getting set up? I understand it probably won't be very profitable, if it all, I just want to mess around with it.
For example, I read that you need to set up a wallet but that you should keep it on a device that is not connected to the Internet. If you do that, how do funds get transferred? Can you secure your wallet with 2FA?
Total noob here.
For example, I read that you need to set up a wallet but that you should keep it on a device that is not connected to the Internet. If you do that, how do funds get transferred? Can you secure your wallet with 2FA?
Total noob here.
Flobee
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I can't speak to mining but RE: wallets, I would suggest using a hardware wallet like
Trezor Suite
New desktop & browser app for Trezor hardware wallets. Trezor Suite brings big improvements across our three key pillars of usability, security and privacy.
trezor.io
or
Hardware Wallet & Crypto Wallet - Security for Crypto | Ledger
Secure your crypto assets such as Bitcoin, Ethereum, XRP, Monero and more. Give yourself peace of mind by knowing that your cryptocurrencies are safe
www.ledger.com
for cold (offline) storage. The wallet does not need to be plugged into anything in order to receive the funds. The wallet simply holds your private keys while the public key lives on the blockchain. The funds never actually leave the blockchain, but your private key is required in order to move them off of that public key address. In other words unless someone has your wallet (or steals your seed phrase, don't store that digitally anywhere), knows your passcode and if you use it, pass phrase, your funds are secure.
Flobee
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Ethereum is entering its final testnet before 2.0 launch in the next few weeks. This will introduce staking and some significant scaling solutions to the Ethereum network. Also worth noting that ~77% of ETH is held in wallets with >=32 ETH which is to say they are eligible for staking. This essentially means ETH could potentially lock up 77% of its supply with staking. There will be a large reduction is sale pressure, expect big price movements if testing goes well.
www.coindesk.com
Ethereum 2.0 Developers Announce ‘Final’ Testnet Before Network Launch
Medalla, the final testnet before Ethereum begins its long-awaited, gradual transition to proof of stake (PoS), has been announced.
Leibowitz
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I do not own any bitcoin, but I have joined the PI network. Pi Network... it isn't worth a thing yet, but who knows what the future holds.
Flobee
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This looks pretty scammy at first glance. "Mining" a coin that does not appear to be listed on any exchange, and does not appear to provide any service. I could be wrong, but beware. Crypto space is full of stuff like this. Claims that it runs on the phone without using any resources or draining the battery... so what is it doing then?
Flobee
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Whether it is in the next 2-3 month or 8-12 ETH is going to significantly go up. It is still under priced at $325 imo. Decentralized finance is poised to disrupt traditional banking (thats why they just pushed the regulations for banks to custody crypto) and as of right now, almost all Defi runs on ETH. $1k ETH by 2021 is completely reasonable and potentially a lowball.
That being said I wouldn't be shocked if there is another pullback before it really takes off. $1 Billion in Tether was printed recently after they lost their appeal in NY investigating whether they actually have backing to their coins + some fraud stuff iirc. I expect they are going to pump and dump the market before the game is played out. Hard telling though.
Sanrith Descartes
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Flobee
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All markets are manipulated. Crypto is just small enough to be done by a couple whales.
Speaking of manipulated...
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
A UBI is likely coming in the form of a Central Bank Digital Currency
Oh and it will be ready to deploy reparations
CBDC's are both inevitible and terrifying as the Gov will have direct control over your currency. RIP banks as we know them once this gets deployed.
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Flobee
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Found this interesting. You can probably hand pick some stocks that have performed similarly or perhaps better(?) but still impressive given the uncertainty in the market. IMO its worth learning how crypto works so you can put at least a small % of your wealth into it. 200% returns during this crazy year seems like its worth the risk to me.
Plus you're future proofing yourself knowledge wise as crypto wallets are likely to be a part of whatever future our economy takes. I feel like ignoring crypto today is like ignoring the internet in 1995. The technical side of, say Ethereum, is super bullish for its future as well. Assuming that the scaling technologies are implemented in a timely fashion. It isn't ready for mainstream yet, hence the 1995 reference.
EDIT: Worth considering that this is also an asset that the Fed can't "target higher inflation ranges" on. Moving wealth into uncorrelated assets could pay off if inflation becomes an issue. Monetary policy for most legitimate crypto's is not controlled by a centralized group.
Plus you're future proofing yourself knowledge wise as crypto wallets are likely to be a part of whatever future our economy takes. I feel like ignoring crypto today is like ignoring the internet in 1995. The technical side of, say Ethereum, is super bullish for its future as well. Assuming that the scaling technologies are implemented in a timely fashion. It isn't ready for mainstream yet, hence the 1995 reference.
EDIT: Worth considering that this is also an asset that the Fed can't "target higher inflation ranges" on. Moving wealth into uncorrelated assets could pay off if inflation becomes an issue. Monetary policy for most legitimate crypto's is not controlled by a centralized group.
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Flobee
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Square stock surges after ballooning bitcoin interest drives huge revenue beat
Square Inc. posted a double earnings surprise Wednesday as the payments company delivered an unexpected surge in revenue for the second quarter in a release...
www.marketwatch.com
Flobee
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Corporate FOMO may be on the horizon
www.coindesk.com
MicroStrategy Buys $250M in Bitcoin, Calling the Crypto 'Superior to Cash'
Digital gold is now the "principal holding" of MicroStrategy's revamped treasury reserve strategy.