Ninjastic
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Board Wallet software
Merits 4 from 1 user
Re: Wasabi blacklisting update - open letter / 24 questions discussion thread
by
n0nce
on 11/07/2022, 17:42:22 UTC
⭐ Merited by o_e_l_e_o (4)
Quote from: LoyceV on Today at 06:54:02 AM
Quote from: n0nce on July 10, 2022, 11:41:04 PM
I'm all for adding more information, as long as it's legit like '100% comes from miners' and such; funny, informative, making the page a bit fuller and more similar to previous 'taint analysis sites', and - most importantly - true.
Why stop at 100%? I used blockdata to check all cumulative transaction fees (up until block 744341). It turns out 256,732.07240401 Bitcoin was paid in fees! With slightly over 19 million Bitcoins mined, that means 101.34% of all Bitcoins currenly in existence came from a miner Smiley
Even better if you trace back an exact percentage for each individual input Cheesy
Oh, you count a coin that went back to miners through transaction fees as 'mined twice'? I mean, yeah, I guess that way it's included in block rewards twice and you get a number above 100%.
Whatever curious and actually objective, informative statistics could be put on such a page would be welcome!

Quote from: o_e_l_e_o on Today at 07:46:44 AM
Quote from: n0nce on July 10, 2022, 11:41:04 PM
Honestly, what started as a joke might actually be a very good idea to implement.. Roll Eyes Even if just to stand against all that other bullshit that's floating around.
If anyone does run with this idea, choose a name which does not have "taint" in it please. No point lending credence to their made up nonsense by naming your website after it.
Good point! Something like 'Coin security analysis' or similar would be fine. Each coin should be understood as just as secure and legit, and safe to be accepted as any other, because it is.

Quote from: o_e_l_e_o on Today at 07:46:44 AM
And to answer your question - we already have good alternatives such as Bisq. The problem is getting enough people to leave all the anti-bitcoin examples I gave above and use these other pro-bitcoin platforms instead.
I would add that looking forward it's impossible to 100% trust new exchanges popping up, after we had enough companies with presumed 'good intentions' that went bad. So only consider services that don't collect any information about you, such as having no account, no sign-up, having Tor support (or exclusivity) and of course absolutely no KYC / PII information collection.
Two services I've used that ensure this are https://bisq.network/ and Robosats. Even if their devs were to go rogue, sold their souls or whatever, they don't have any information that I'm afraid they could leak or sell.