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Re: Was uns der Untergang von ChipMixer, Whirlwind und Co. lehrt
@virginorange, da hast du natürlich Recht, dass Mixer viele Kriminelle anziehen, die ihre Münzen waschen wollen, um die Spuren aus begangenen Straftaten zu verwischen. Wir als normale Nutzer machen uns dann nur unsere sauberen Münzen schmutzig, wenn wir Mixer verwenden. Das sollten war daher nicht tun, um unsere Münzen nicht zu beschmutzen und den Kriminellen keine Liquidität zur Verfügung zu stellen.
Hast du beim Schreiben dieses Textes eine LLM zur Hilfe genommen?
Der Text ist per Hand geschrieben ohne ChatGPT oder Ähnliches. Was uns der Untergang von ChipMixer, Whirlwind und Co lehrt
Nach einer langen Durststrecke müssen wir uns erinnern, wie viele zentralisierte Mixer gescheitert sind. Erst der Untergang von ChipMixer, dann der von Whirlwind und auch der von Sinbad.io sind echte Lektionen, aus denen wir lernen müssen.
Wir müssen Schlussfolgerungen ziehen, und es ist wichtig, dass wir daraus lernen, um ähnliche Fehler nicht zu wiederholen.
Zwar sind alle Fälle unterschiedlich, aber ein grundlegendes Problem besteht darin, dass es sich um zentralisierte Dienste handelt. Wir haben von Bitcoin gelernt, warum Dezentralisierung wichtig ist. Zentralisierte Mixer sind genau das, was man als Dezentralisierungsmaximalist kritisch sehen muss.
Nachteile von zentralisierten Diensten
Wir wissen es von Bitcoin sehr gut: Dezentralisierung ist König. Bitcoin ist so berühmt, weil es dezentralisiert ist. Durch die Dezentralisierung werden wichtige Angriffsvektoren gegen ihn nicht funktionieren.
Im Gegensatz dazu sind Mixer wie Whirlwind, Sinbad.io oder ChipMixer zentralisiert. Sie werden von einem Betreiber/CEO betrieben, und der kann Fehler machen, erwischt werden und Gelder stehlen. Wir müssen ihm und der Art und Weise, wie er seinen Dienst betreibt, vertrauen.
Whirlwind hat alle betrogen, die Entwickler haben einfach beschlossen, Whirlwind aufzugeben, und als logische Folge der zentralisierten Dienste haben die Kunden einen finanziellen Verlust erlitten. Vielleicht werden alle Daten auf DarkNet-Marktplätzen verkauft, um die Gewinne der Eigentümer zu erhöhen.
Es geht nur darum, einen vertrauenslosen Mittelsmann zu vermeiden.
Bitcoin ist legal, Bitcoin hat keinen CEO.
Dezentralität ist König!
Der Fall ChipMixer
Werfen wir einen genaueren Blick auf ChipMixer:
Sind die Betreiber von ChipMixer wirklich gut ausgebildet und ehrlich?
Bei einem zentralisierten Dienst sind wir darauf angewiesen, dass seine Betreiber ehrlich und gut ausgebildet sind. Wir wissen nicht, ob die Entwickler von ChipMixer ehrlich und gut ausgebildet sind, aber was wir aus einigen Nachforschungen erfahren haben, war der Gründer von ChipMixer nicht besonders gebildet, denn es wurden Mängel in seinem Betrieb aufgedeckt. Ja, er war in der Lage, eine Website einzurichten und Mischvorgänge zu codieren, auch im DarkNet, aber schließlich hätte er auch einen Programmierer einstellen können, um sie einzurichten und zu warten. Wir wissen nicht viel über die Größe und Erfahrung des Entwicklerteams von ChipMixer. Es ist unbekannt.
Wieder einmal müssen wir irgendwelchen Fremden im Internet vertrauen.
Zentralisierte Dienste brauchen ein Einkommen - nicht anders als Bitcoin
Wie jeder zentralisierte Dienst, brauchte auch ChipMixer ein Einkommen. ChipMixer verlangte keine Gebühren für das Mischen, nur Staub, der nicht in Chips passte, wurde berechnet, was ja nicht viel ist. ChipMixer hatte auch einen Glücksspielteil, bei dem Kunden einen Bitcoin-Betrag setzen und diesen verdoppeln - oder verlieren konnten. 47% Erfolgswahrscheinlichkeit. Ein Teil davon waren die Einnahmen von ChipMixer.
Um Einnahmen für seinen Betrieb zu generieren, braucht jeder zentralisierte Dienst ein Einkommen, und höchstwahrscheinlich bestand das Einkommen von ChipMixer darin, kriminelle Gelder zu waschen und sogar an DarkNet-Operationen beteiligt zu sein.
Das ist keine Überraschung. Sinbad.io ist sogar noch schlimmer in kriminelle Syndikatsgeschäfte verwickelt, es ist schockierend, aber dazu später mehr.
Schlussfolgerung: Solches Geld muss eine Herkunft haben, und die ist wahrscheinlich krimineller Herkunft (gehackte Gelder, gestohlene Gelder, erpresste Gelder), an deren Geschäften ChipMixer beteiligt war, um daraus Einnahmen zu erzielen.
Die Beteiligung von ChipMixer an DarkNet-Märkten
Nachdem ChipMixer lange Zeit in Betrieb war, wurde es zu einem Ziel für Kriminelle, um gestohlene oder gehackte Bitcoins zu waschen. Es ist sehr wahrscheinlich, dass mit der Zeit immer mehr Hacker und Kriminelle von ChipMixer erfuhren.
Darüber hinaus schien ChipMixer selbst DarkNet-Aktivitäten zu betreiben, aber es ist immer noch nicht bekannt, in welchem Umfang ChipMixer in DarkNet-Märkte involviert war.
Nachdem ChipMixer nie eine Stellungnahme abgegeben hat, auch nicht von Mitarbeitern, scheint es sich um einen sehr zentralisierten Dienst und ein sehr kleines Team zu handeln. Wir wissen nicht, wie viele Mitarbeiter ChipMixer hatte. Höchstwahrscheinlich wurde ChipMixer von wenigen Personen betrieben, die den DarkNet-Märkten nahe standen und keine gültigen Sicherheitsmaßnahmen anwandten, wie z. B. das Löschen alter privater Schlüssel von Kunden, da die Daten später gefunden und die Schlüssel geleert wurden.
Sinbad.io's Fall
Werfen wir einen genaueren Blick auf Sinbad.io:
Während die meisten Punkte bereits abgedeckt sind und für Sinbad.io wie für ChipMixer gelten, ist Sinbad.io noch einen Schritt schockierender und stärker mit Kriminalität verbunden. Denn nach allen verfügbaren Informationen, die für jeden bei einer schnellen Internetrecherche auffindbar sind, war Sinbad.io bereits beim Start mit massiven Kriminellen verbunden.
Sinbad.io startete als umbenannter, bereits hochgenommener Mixer, blender.io, der dafür bekannt war, Gelder von großen Hacks und kriminellen Syndikaten zu leiten, bevor er hochgenommen wurde:
https://finance.yahoo.com/news/sanctioned-mixer-blender-launched-sinbad-183621428.html
https://www.coindesk.com/business/2023/02/13/sanctioned-mixer-blender-re-launched-as-sinbad-elliptic-says/
https://decrypt.co/208160/sanctioned-bitcoin-mixer-blender-relaunch-sinbad-sanctioned-again
https://www.theregister.com/2023/02/14/blender_crypto_mixer_sinbad/
https://decrypt.co/121222/new-sinbad-bitcoin-mixer-is-sanctioned-blender
https://cointelegraph.com/news/crypto-mixer-blender-has-been-rebranded-to-sinbad-says-elliptic
https://www.theblock.co/post/211225/sinbad-crypto-mixing-service-may-be-blender-in-disguise-elliptic
https://dailycoin.com/elliptic-reports-that-blender-rebranded-as-sinbad/
Während sich die Leute hier jetzt darüber beschweren, dass die Gelder von Royse777 schwer zu verarbeiten sind, sind viele Gelder, die vorher in blender.io geflossen sind und nach der Zerschlagung von blender.io in Sinbad.io geflossen sind, zu 100% identisch. Es sind auch gestohlene und gehackte Gelder.
Die Gelder von Sinbad.io stammen nicht nur von DarkNet-Märkten wie ChipMixer, sondern sogar von organisierten Verbrechersyndikaten.
Sinbad.io missbrauchte Bitcointalk, um saubere Münzen anzulocken, um Volumen für das Mischen der extrem verdorbenen Münzen von Sinbad.io zu erhalten. Bitcointalk-Mitglieder wurden als Exit-Liquidität von Shitcoin-Pump und Dumps missbraucht.
Es ist wirklich eine Schande, was Sinbad.io da abgezogen hat.
Wir müssen solchen Abschaum das nächste Mal erkennen.
Abschließende Schlussfolgerungen
Während Mixer wie ChipMixer oder Sinbad.io sehr berühmt waren, ist es nun klar, wie ChipMixer eindeutig solide Standards in Bezug auf Betrieb, Transparenz und Sicherheit verfehlt hat, wie Sinbad bereits schuldig war, als es startete und was Sinbad.io gegen Bitcointalk abgezogen hat.
Während ChipMixer mit DarkNet Märkten verbunden war, stammten die Gelder von Sinbad.io sogar von großen organisierten Verbrechersyndikaten.
Wir wissen noch nicht, welche Fälle noch bevorstehen, denn für ChipMixer sind 7 TB Daten eine Menge. Für Sinbad.io könnte ein ähnliches Ergebnis an großen Daten anstehen und die Leute müssen sich bewusst sein, wie verdorben die Münzen von Sinbad.io wirklich sind. Es sind Münzen von kriminellen Syndikaten.
Möglicherweise können viele Transaktionen entmischt werden, was gut ist, um Betrüger, Kriminelle und Syndikate zu fangen, aber jeder, der einen solchen Mixer rechtmäßig verwendet hat, kann möglicherweise auch identifiziert werden.
Bei Whirlwind haben viele Menschen ihr Geld verloren, aber nur durch Glück hielt ein Treuhandkonto noch Geld für Rückerstattungen bereit. In künftigen Fällen sind solche Rückerstattungen möglicherweise nicht mehr möglich.
Bei ChipMixer haben viele Menschen Geld verloren, weil private Schlüssel, die als „Chips“ dienen, von ChipMixer nicht gelöscht wurden.
Es ist dazu zu raten, in Zukunft von Benutzung von Mixern gänzlich abzuraten, da diese kriminelle Münzen regelrecht anziehen. Durch die Benutzung von Mixern erhalten wir nur verschmutzte Münzen zurück.
Nach den Recherchen von LoyceV wurden viele Adressen mit Chip-Guthaben geleert, was darauf hindeutet, dass Gelder aus Chips in einer plötzlichen Aktion verschoben wurden. Daraus können wir eine Schlussfolgerung ziehen: ChipMixer löschte keine privaten Schlüssel, nachdem eine Sitzung abgelaufen war. Laut ChipMixer können gelöschte Sitzungen nicht wiederhergestellt werden, so dass wir davon ausgehen können, dass auch das Löschen von Schlüsseln böswillige Aktionen verhindert.
Wir müssen Schlussfolgerungen ziehen, und es ist wichtig, dass wir daraus lernen, um ähnliche Fehler nicht zu wiederholen.
Zwar sind alle Fälle unterschiedlich, aber ein grundlegendes Problem besteht darin, dass es sich um zentralisierte Dienste handelt. Wir haben von Bitcoin gelernt, warum Dezentralisierung wichtig ist. Zentralisierte Mixer sind genau das, was man als Dezentralisierungsmaximalist kritisch sehen muss.
Nachteile von zentralisierten Diensten
Wir wissen es von Bitcoin sehr gut: Dezentralisierung ist König. Bitcoin ist so berühmt, weil es dezentralisiert ist. Durch die Dezentralisierung werden wichtige Angriffsvektoren gegen ihn nicht funktionieren.
Im Gegensatz dazu sind Mixer wie Whirlwind, Sinbad.io oder ChipMixer zentralisiert. Sie werden von einem Betreiber/CEO betrieben, und der kann Fehler machen, erwischt werden und Gelder stehlen. Wir müssen ihm und der Art und Weise, wie er seinen Dienst betreibt, vertrauen.
Whirlwind hat alle betrogen, die Entwickler haben einfach beschlossen, Whirlwind aufzugeben, und als logische Folge der zentralisierten Dienste haben die Kunden einen finanziellen Verlust erlitten. Vielleicht werden alle Daten auf DarkNet-Marktplätzen verkauft, um die Gewinne der Eigentümer zu erhöhen.
Es geht nur darum, einen vertrauenslosen Mittelsmann zu vermeiden.
Bitcoin ist legal, Bitcoin hat keinen CEO.
Dezentralität ist König!
Der Fall ChipMixer
Werfen wir einen genaueren Blick auf ChipMixer:
Sind die Betreiber von ChipMixer wirklich gut ausgebildet und ehrlich?
Bei einem zentralisierten Dienst sind wir darauf angewiesen, dass seine Betreiber ehrlich und gut ausgebildet sind. Wir wissen nicht, ob die Entwickler von ChipMixer ehrlich und gut ausgebildet sind, aber was wir aus einigen Nachforschungen erfahren haben, war der Gründer von ChipMixer nicht besonders gebildet, denn es wurden Mängel in seinem Betrieb aufgedeckt. Ja, er war in der Lage, eine Website einzurichten und Mischvorgänge zu codieren, auch im DarkNet, aber schließlich hätte er auch einen Programmierer einstellen können, um sie einzurichten und zu warten. Wir wissen nicht viel über die Größe und Erfahrung des Entwicklerteams von ChipMixer. Es ist unbekannt.
Wieder einmal müssen wir irgendwelchen Fremden im Internet vertrauen.
Zentralisierte Dienste brauchen ein Einkommen - nicht anders als Bitcoin
Wie jeder zentralisierte Dienst, brauchte auch ChipMixer ein Einkommen. ChipMixer verlangte keine Gebühren für das Mischen, nur Staub, der nicht in Chips passte, wurde berechnet, was ja nicht viel ist. ChipMixer hatte auch einen Glücksspielteil, bei dem Kunden einen Bitcoin-Betrag setzen und diesen verdoppeln - oder verlieren konnten. 47% Erfolgswahrscheinlichkeit. Ein Teil davon waren die Einnahmen von ChipMixer.
Um Einnahmen für seinen Betrieb zu generieren, braucht jeder zentralisierte Dienst ein Einkommen, und höchstwahrscheinlich bestand das Einkommen von ChipMixer darin, kriminelle Gelder zu waschen und sogar an DarkNet-Operationen beteiligt zu sein.
Das ist keine Überraschung. Sinbad.io ist sogar noch schlimmer in kriminelle Syndikatsgeschäfte verwickelt, es ist schockierend, aber dazu später mehr.
Schlussfolgerung: Solches Geld muss eine Herkunft haben, und die ist wahrscheinlich krimineller Herkunft (gehackte Gelder, gestohlene Gelder, erpresste Gelder), an deren Geschäften ChipMixer beteiligt war, um daraus Einnahmen zu erzielen.
Die Beteiligung von ChipMixer an DarkNet-Märkten
Nachdem ChipMixer lange Zeit in Betrieb war, wurde es zu einem Ziel für Kriminelle, um gestohlene oder gehackte Bitcoins zu waschen. Es ist sehr wahrscheinlich, dass mit der Zeit immer mehr Hacker und Kriminelle von ChipMixer erfuhren.
Darüber hinaus schien ChipMixer selbst DarkNet-Aktivitäten zu betreiben, aber es ist immer noch nicht bekannt, in welchem Umfang ChipMixer in DarkNet-Märkte involviert war.
Nachdem ChipMixer nie eine Stellungnahme abgegeben hat, auch nicht von Mitarbeitern, scheint es sich um einen sehr zentralisierten Dienst und ein sehr kleines Team zu handeln. Wir wissen nicht, wie viele Mitarbeiter ChipMixer hatte. Höchstwahrscheinlich wurde ChipMixer von wenigen Personen betrieben, die den DarkNet-Märkten nahe standen und keine gültigen Sicherheitsmaßnahmen anwandten, wie z. B. das Löschen alter privater Schlüssel von Kunden, da die Daten später gefunden und die Schlüssel geleert wurden.
Sinbad.io's Fall
Werfen wir einen genaueren Blick auf Sinbad.io:
Während die meisten Punkte bereits abgedeckt sind und für Sinbad.io wie für ChipMixer gelten, ist Sinbad.io noch einen Schritt schockierender und stärker mit Kriminalität verbunden. Denn nach allen verfügbaren Informationen, die für jeden bei einer schnellen Internetrecherche auffindbar sind, war Sinbad.io bereits beim Start mit massiven Kriminellen verbunden.
Sinbad.io startete als umbenannter, bereits hochgenommener Mixer, blender.io, der dafür bekannt war, Gelder von großen Hacks und kriminellen Syndikaten zu leiten, bevor er hochgenommen wurde:
https://finance.yahoo.com/news/sanctioned-mixer-blender-launched-sinbad-183621428.html
https://www.coindesk.com/business/2023/02/13/sanctioned-mixer-blender-re-launched-as-sinbad-elliptic-says/
https://decrypt.co/208160/sanctioned-bitcoin-mixer-blender-relaunch-sinbad-sanctioned-again
https://www.theregister.com/2023/02/14/blender_crypto_mixer_sinbad/
https://decrypt.co/121222/new-sinbad-bitcoin-mixer-is-sanctioned-blender
https://cointelegraph.com/news/crypto-mixer-blender-has-been-rebranded-to-sinbad-says-elliptic
https://www.theblock.co/post/211225/sinbad-crypto-mixing-service-may-be-blender-in-disguise-elliptic
https://dailycoin.com/elliptic-reports-that-blender-rebranded-as-sinbad/
Während sich die Leute hier jetzt darüber beschweren, dass die Gelder von Royse777 schwer zu verarbeiten sind, sind viele Gelder, die vorher in blender.io geflossen sind und nach der Zerschlagung von blender.io in Sinbad.io geflossen sind, zu 100% identisch. Es sind auch gestohlene und gehackte Gelder.
Die Gelder von Sinbad.io stammen nicht nur von DarkNet-Märkten wie ChipMixer, sondern sogar von organisierten Verbrechersyndikaten.
Sinbad.io missbrauchte Bitcointalk, um saubere Münzen anzulocken, um Volumen für das Mischen der extrem verdorbenen Münzen von Sinbad.io zu erhalten. Bitcointalk-Mitglieder wurden als Exit-Liquidität von Shitcoin-Pump und Dumps missbraucht.
Es ist wirklich eine Schande, was Sinbad.io da abgezogen hat.
Wir müssen solchen Abschaum das nächste Mal erkennen.
Abschließende Schlussfolgerungen
Während Mixer wie ChipMixer oder Sinbad.io sehr berühmt waren, ist es nun klar, wie ChipMixer eindeutig solide Standards in Bezug auf Betrieb, Transparenz und Sicherheit verfehlt hat, wie Sinbad bereits schuldig war, als es startete und was Sinbad.io gegen Bitcointalk abgezogen hat.
Während ChipMixer mit DarkNet Märkten verbunden war, stammten die Gelder von Sinbad.io sogar von großen organisierten Verbrechersyndikaten.
Wir wissen noch nicht, welche Fälle noch bevorstehen, denn für ChipMixer sind 7 TB Daten eine Menge. Für Sinbad.io könnte ein ähnliches Ergebnis an großen Daten anstehen und die Leute müssen sich bewusst sein, wie verdorben die Münzen von Sinbad.io wirklich sind. Es sind Münzen von kriminellen Syndikaten.
Möglicherweise können viele Transaktionen entmischt werden, was gut ist, um Betrüger, Kriminelle und Syndikate zu fangen, aber jeder, der einen solchen Mixer rechtmäßig verwendet hat, kann möglicherweise auch identifiziert werden.
Bei Whirlwind haben viele Menschen ihr Geld verloren, aber nur durch Glück hielt ein Treuhandkonto noch Geld für Rückerstattungen bereit. In künftigen Fällen sind solche Rückerstattungen möglicherweise nicht mehr möglich.
Bei ChipMixer haben viele Menschen Geld verloren, weil private Schlüssel, die als „Chips“ dienen, von ChipMixer nicht gelöscht wurden.
Es ist dazu zu raten, in Zukunft von Benutzung von Mixern gänzlich abzuraten, da diese kriminelle Münzen regelrecht anziehen. Durch die Benutzung von Mixern erhalten wir nur verschmutzte Münzen zurück.
Nach den Recherchen von LoyceV wurden viele Adressen mit Chip-Guthaben geleert, was darauf hindeutet, dass Gelder aus Chips in einer plötzlichen Aktion verschoben wurden. Daraus können wir eine Schlussfolgerung ziehen: ChipMixer löschte keine privaten Schlüssel, nachdem eine Sitzung abgelaufen war. Laut ChipMixer können gelöschte Sitzungen nicht wiederhergestellt werden, so dass wir davon ausgehen können, dass auch das Löschen von Schlüsseln böswillige Aktionen verhindert.
⭐ Merited by Mia Chloe (1)
For Bitcoin, YouTube and Bitcointalk offer a lot of content but what do we need to consider when it comes about evaluating Bitcointalk and YouTube from an educational viewpoint?
Education about how to store, send and know Bitcoin’s technology [Blockchain] properly, is very important, as losses from hacks, coins stolen on centralized exchanges, mistakes by storing backup copies, sending to a wrong address, phishing sites, malware stealer or different scams have shown repeatedly.
Bitcoin is not easy to understand and education can help us to understand it correctly for avoiding mistakes.
YouTube
Numbered in clicks, YouTube is a top source of crypto, where many videos are available. We have special YouTubers doing content about Bitcoin and Crypto. But unfortunately, information quality on YouTube is not very high for most videos because of hype and clickbait videos.
Education requires a detailed research and most YouTubers are not doing a detailed research, it’s mostly staying generic information. Many new videos added every day are also a problem because quality if suffering = quality vs quantity.
An even bigger problem on YouTube is an artificial hype to attract more viewers and get more clicks.
Because it’s an important point for each YouTuber to generate clicks and views and followers. Hate, FUD, propaganda and unproven speculations are a key part of YouTuber’s attention whoring, too. And it is damaging for society when hate, FUD, propaganda or unproven claims are made.
Outrageous claims like launching speculative fake hype videos are a key strategy from many YouTubers to get clicks and views and followers.
= YouTubers want to create hype to increase clicks, not quality information.
It is always similar strategy for YouTubers to create hype instead of presenting normal information. It is very dangerous for us because accurate information is not presented. Instead, reality is hyped and exaggerated.
In many cases, YouTubers are paid by Altcoin projects to present certain Altcoins in a positive way, to create hype and to shill an Altcoin. For a high payment by projects, many YouTubers will only mention positive facts and forget often to inform about risks and flaws of a project to get many followers to invest.
Or it's about a shady exchange, where YouTubers will also get a profit if you sign up from a referral link.
= information quality is suffering and sometimes very misleading
It is very important for us to know YouTuber's hype video is not good advice, it is not really about education in many YouTuber’s video and we need to know YouTuber’s shady tricks.
A detailed description how YouTube deceives viewers can be found in my topic YouTuber's hype video is not good advice
Bitcointalk
Bitcointalk is very different from YouTube because Bitcointalk is a forum.
A forum is a much better approach to get accurate information, because in Bitcointalk it's easy for writers to go into detail by a structured and detailed text, it can be a guide, where we can re-read all important information, presented step by step.
Next, someone else comes and contributes his own knowledge on top of former comments in Bitcointalk, where additional knowledge is added and former knowledge get peer-reviewed.
In general, a forum is less based on hype, it is more text and more about education. It is less stressful to do our research in texts, it’s like a big library.
= Library can be boring sometimes but it’s always high quality content.
YouTube is mostly based on hype, accurate information comes second.
= YouTube is like a big circus. And like in circus, we will get a spectacular show and also clowns but little education.
Bitcointalk is suited for education, YouTube just for hype and YouTubers are milking hype.
In Bitcointalk as well, we can find very detailed guides, explanations from many experienced developers.
It's a large range of knowledge from many people, where everyone can contribute his knowledge.
While for such YouTubers, it is often only half-baked content, many YouTubers lack coding knowledge and when such people do a video, it might contain not very accurate information. In YouTube, how to generate clicks is more important.
My first choice for education is Bitcointalk, by far.
Education about how to store, send and know Bitcoin’s technology [Blockchain] properly, is very important, as losses from hacks, coins stolen on centralized exchanges, mistakes by storing backup copies, sending to a wrong address, phishing sites, malware stealer or different scams have shown repeatedly.
Bitcoin is not easy to understand and education can help us to understand it correctly for avoiding mistakes.
YouTube
Numbered in clicks, YouTube is a top source of crypto, where many videos are available. We have special YouTubers doing content about Bitcoin and Crypto. But unfortunately, information quality on YouTube is not very high for most videos because of hype and clickbait videos.
Education requires a detailed research and most YouTubers are not doing a detailed research, it’s mostly staying generic information. Many new videos added every day are also a problem because quality if suffering = quality vs quantity.
An even bigger problem on YouTube is an artificial hype to attract more viewers and get more clicks.
Because it’s an important point for each YouTuber to generate clicks and views and followers. Hate, FUD, propaganda and unproven speculations are a key part of YouTuber’s attention whoring, too. And it is damaging for society when hate, FUD, propaganda or unproven claims are made.
Outrageous claims like launching speculative fake hype videos are a key strategy from many YouTubers to get clicks and views and followers.
= YouTubers want to create hype to increase clicks, not quality information.
It is always similar strategy for YouTubers to create hype instead of presenting normal information. It is very dangerous for us because accurate information is not presented. Instead, reality is hyped and exaggerated.
In many cases, YouTubers are paid by Altcoin projects to present certain Altcoins in a positive way, to create hype and to shill an Altcoin. For a high payment by projects, many YouTubers will only mention positive facts and forget often to inform about risks and flaws of a project to get many followers to invest.
Or it's about a shady exchange, where YouTubers will also get a profit if you sign up from a referral link.
= information quality is suffering and sometimes very misleading
It is very important for us to know YouTuber's hype video is not good advice, it is not really about education in many YouTuber’s video and we need to know YouTuber’s shady tricks.
A detailed description how YouTube deceives viewers can be found in my topic YouTuber's hype video is not good advice
Bitcointalk
Bitcointalk is very different from YouTube because Bitcointalk is a forum.
A forum is a much better approach to get accurate information, because in Bitcointalk it's easy for writers to go into detail by a structured and detailed text, it can be a guide, where we can re-read all important information, presented step by step.
Next, someone else comes and contributes his own knowledge on top of former comments in Bitcointalk, where additional knowledge is added and former knowledge get peer-reviewed.
In general, a forum is less based on hype, it is more text and more about education. It is less stressful to do our research in texts, it’s like a big library.
= Library can be boring sometimes but it’s always high quality content.
YouTube is mostly based on hype, accurate information comes second.
= YouTube is like a big circus. And like in circus, we will get a spectacular show and also clowns but little education.
Bitcointalk is suited for education, YouTube just for hype and YouTubers are milking hype.
In Bitcointalk as well, we can find very detailed guides, explanations from many experienced developers.
It's a large range of knowledge from many people, where everyone can contribute his knowledge.
While for such YouTubers, it is often only half-baked content, many YouTubers lack coding knowledge and when such people do a video, it might contain not very accurate information. In YouTube, how to generate clicks is more important.
My first choice for education is Bitcointalk, by far.
YouTubers are very shady people. Once a project is marketed by a YouTuber it's all good, it's a fine project and I'm sure each YouTuber advertising it has some stake in advertising it positively which is purely misleading and dishonest. It will always be a brachial hype video when a real YouTuber does it.
YouTubers are very shady people. Once a project is marketed by a YouTuber it's all good, it's a fine project and I'm sure each YouTuber advertising it has some stake in advertising it positively which is purely misleading and dishonest. It will always be a brachial hype video when a real YouTuber does it.
Re: What ChipMixer’s, Whirlwind’s and Sinbad’s downfall teaches us
Because of being a centralized service, ChipMixer's, Whirlwind's and Sinbad.io's downfall was no surprise.
How about Samourai wallet's Whirlpool? What ChipMixer’s, Whirlwind’s and Sinbad’s downfall teaches us
Now, just a few days to go before year’s end we need to remember a year of centralized mixer fails. First, ChipMixer’s downfall, later Whirlwind’s downfall and now Sinbad.io’s downfall are truly lessons to be learned from.
We need to draw conclusions and it is important for us to learn from it to avoid repeating similar mistakes.
While all cases are different, a basic problem is boiling down to being centralized services. We have learned from Bitcoin why decentralization is important. Centralized mixers is exactly what a decentralization maximalist needs to be critical of.
Disadvantages of centralized services
We know it very well from Bitcoin: decentralization is king. Bitcoin is so famous because it’s decentralized. By decentralizing it, important attack vectors against it won’t work.
In opposite, mixers like Whirlwind, Sinbad.io or ChipMixer are centralized. It is run by an operator / CEO and he can do mistakes, get caught and steal funds. We have to trust him and how he is running his service.
Whirlwind outright scammed everyone, where developers just decided to abandon Whirlwind and as a logical result from centralized services, customers received financial loss. Maybe all data will be sold on Darket marketplaces to increase owner profits.
It is all about avoiding a middleman, trustless.
Bitcoin is legit, Bitcoin has no CEO.
Decentralized is king!
ChipMixer’s case
Let's have a closer look at ChipMixer:
Are ChipMixer operators really well educated and honest?
In a centralized service, we depend on its operators to be honest and well educated. We don’t know it if ChipMixer’s developers are honest and well educated but what we heard from some research, ChipMixer’s founder was not someone who was extremely educated, as flaws in his operations were revealed. Yes, he was able to set up a website and code mixing operations, also in DarkNet but after all, he can also have hired a coder to set it up and maintain it. We don’t now much about ChipMixer’s development team size and experience. It is unknown.
Once again, we need to trust some internet strangers.
Centralized services need an income – not unlike Bitcoin
As every centralized service, also ChipMixer needed an income. ChipMixer didn’t charge any fees for mixing, only dust, which didn’t fit in Chips was charged, which is not much after all. ChipMixer also had a gambling part, where customers can bet a Bitcoin amount and double it – or lose it. 47% chance of success. A part of it was ChipMixer’s revenue.
To generate revenue for it’s operations, every centralized service needs an income and most likely ChipMixer’s income was to launder criminal funds and even being involved in DarkNet operations.
It’s not a surprise. Sinbad.io is even worse involved in criminal syndicate businesss, it is shocking, but later more about it.
Conclusion: Such money needs to have an origin and it’s likely to be from criminal origin (hacked funds, stolen funds, extorted funds), where ChipMixer participated in deals to obtain income from.
ChipMixer’s involvement in DarkNet markets
After ChipMixer was operating for a long time, it suffered to be a target for criminals to launder stolen or hacked Bitcoins. It is quite likely, more and more hackers and criminals found out about ChipMixer over time.
In addition, ChipMixer seemed to be operating a DarkNet activities itself but it is still not known to which degree ChipMixer has been involved in DarkNet markets.
After ChipMixer never provided any statement, not from employees as well, it seems to be a very centralized service and a very small team. We don’t know how many employees ChipMixer had. Most likely ChipMixer was run by few people close to DarkNet markets and didn’t apply valid security measures, like deleting old private keys from customers because data was found later and keys emptied.
Sinbad.io’s case
Let's have a closer look at Sinbad.io:
While most points are already covered and apply for Sinbad.io like it does for ChipMixer, Sinbad.io is one step more shocking and more tied to crime. Because from all information available, seachable for anyone to do a quick internet research, Sinbad.io was already tied to massive criminals when it started.
Sinbad.io started as a re-branded, already busted mixer, blender.io, known for funneling funds from big hacks and criminal syndicates before it got busted:
https://finance.yahoo.com/news/sanctioned-mixer-blender-launched-sinbad-183621428.html
https://www.coindesk.com/business/2023/02/13/sanctioned-mixer-blender-re-launched-as-sinbad-elliptic-says/
https://decrypt.co/208160/sanctioned-bitcoin-mixer-blender-relaunch-sinbad-sanctioned-again
https://www.theregister.com/2023/02/14/blender_crypto_mixer_sinbad/
https://decrypt.co/121222/new-sinbad-bitcoin-mixer-is-sanctioned-blender
https://cointelegraph.com/news/crypto-mixer-blender-has-been-rebranded-to-sinbad-says-elliptic
https://www.theblock.co/post/211225/sinbad-crypto-mixing-service-may-be-blender-in-disguise-elliptic
https://dailycoin.com/elliptic-reports-that-blender-rebranded-as-sinbad/
While people here now complain about Royse777 remaining funds are difficult to process, many funds going into blender.io previously, going into Sinbad.io after blender.io got busted, are 100% identical. It’s also stolen and hacked funds.
Sinbad.io funds were not just from DarkNet markets like ChipMixer, funds were even from organized crime syndicates.
Sinbad.io abused Bitcointalk to attract clean coins, to get volumes for mixing Sinbad.io’s extremely tainted coins. Bitcointalk members were abused like exit liquidity from shitcoin pump and dumps.
It’s a real shame, what Sinbad.io pulled of.
We need to spot such scum next time.
Final conclusions
While mixers like ChipMixer or Sinbad.io have been very famous, it’s now clear how ChipMixer clearly missed solid standards in terms of operation, transparency and security, how Sinbad was already guilty when it started and what Sinbad.io pulled off against Bitcointalk.
While ChipMixer was tied to DarkNet marketc, Sinbad.io funds were even from big organized crime syndicates.
We don’t know yet, which fallouts are still upcoming because for ChipMixer, 7 TB of data are a lot. For Sinbad.io a similar outcome of sized data might be up and people need to be aware how tainted coins from Sinbad.io really are. It’s coins from criminal syndicates.
Possibly, many transactions can get unmixed, which is good to catch scammers, criminals and syndicates but everyone who used such a mixer legitimately, can possibly get identified as well.
In Whirlwind, many people lost funds but just because of luck, an escrow still held money for refunds. In future cases, such refunds might not be available.
In ChipMixer, many people lost funds because private keys, which serves as "chips" were not deleted by ChipMixer.
According to LoyceV’s research many chip-sized funded addresses were emptied, indicating funds from Chips were moved at once in a sudden action. We can draw a conclusion from it: ChipMixer didn’t delete private keys after a session expired. According to ChipMixer, deleted sessions can’t be restored, where we can expect also deleting keys to prevent any malicious actor from obtaining it.
Because imagine it is also possible for a hacker to obtain such private keys.
Because of being a centralized service, ChipMixer's, Whirlwind's and Sinbad.io's downfall was no surprise.
We need to draw conclusions and it is important for us to learn from it to avoid repeating similar mistakes.
While all cases are different, a basic problem is boiling down to being centralized services. We have learned from Bitcoin why decentralization is important. Centralized mixers is exactly what a decentralization maximalist needs to be critical of.
Disadvantages of centralized services
We know it very well from Bitcoin: decentralization is king. Bitcoin is so famous because it’s decentralized. By decentralizing it, important attack vectors against it won’t work.
In opposite, mixers like Whirlwind, Sinbad.io or ChipMixer are centralized. It is run by an operator / CEO and he can do mistakes, get caught and steal funds. We have to trust him and how he is running his service.
Whirlwind outright scammed everyone, where developers just decided to abandon Whirlwind and as a logical result from centralized services, customers received financial loss. Maybe all data will be sold on Darket marketplaces to increase owner profits.
It is all about avoiding a middleman, trustless.
Bitcoin is legit, Bitcoin has no CEO.
Decentralized is king!
ChipMixer’s case
Let's have a closer look at ChipMixer:
Are ChipMixer operators really well educated and honest?
In a centralized service, we depend on its operators to be honest and well educated. We don’t know it if ChipMixer’s developers are honest and well educated but what we heard from some research, ChipMixer’s founder was not someone who was extremely educated, as flaws in his operations were revealed. Yes, he was able to set up a website and code mixing operations, also in DarkNet but after all, he can also have hired a coder to set it up and maintain it. We don’t now much about ChipMixer’s development team size and experience. It is unknown.
Once again, we need to trust some internet strangers.
Centralized services need an income – not unlike Bitcoin
As every centralized service, also ChipMixer needed an income. ChipMixer didn’t charge any fees for mixing, only dust, which didn’t fit in Chips was charged, which is not much after all. ChipMixer also had a gambling part, where customers can bet a Bitcoin amount and double it – or lose it. 47% chance of success. A part of it was ChipMixer’s revenue.
To generate revenue for it’s operations, every centralized service needs an income and most likely ChipMixer’s income was to launder criminal funds and even being involved in DarkNet operations.
It’s not a surprise. Sinbad.io is even worse involved in criminal syndicate businesss, it is shocking, but later more about it.
Conclusion: Such money needs to have an origin and it’s likely to be from criminal origin (hacked funds, stolen funds, extorted funds), where ChipMixer participated in deals to obtain income from.
ChipMixer’s involvement in DarkNet markets
After ChipMixer was operating for a long time, it suffered to be a target for criminals to launder stolen or hacked Bitcoins. It is quite likely, more and more hackers and criminals found out about ChipMixer over time.
In addition, ChipMixer seemed to be operating a DarkNet activities itself but it is still not known to which degree ChipMixer has been involved in DarkNet markets.
After ChipMixer never provided any statement, not from employees as well, it seems to be a very centralized service and a very small team. We don’t know how many employees ChipMixer had. Most likely ChipMixer was run by few people close to DarkNet markets and didn’t apply valid security measures, like deleting old private keys from customers because data was found later and keys emptied.
Sinbad.io’s case
Let's have a closer look at Sinbad.io:
While most points are already covered and apply for Sinbad.io like it does for ChipMixer, Sinbad.io is one step more shocking and more tied to crime. Because from all information available, seachable for anyone to do a quick internet research, Sinbad.io was already tied to massive criminals when it started.
Sinbad.io started as a re-branded, already busted mixer, blender.io, known for funneling funds from big hacks and criminal syndicates before it got busted:
https://finance.yahoo.com/news/sanctioned-mixer-blender-launched-sinbad-183621428.html
https://www.coindesk.com/business/2023/02/13/sanctioned-mixer-blender-re-launched-as-sinbad-elliptic-says/
https://decrypt.co/208160/sanctioned-bitcoin-mixer-blender-relaunch-sinbad-sanctioned-again
https://www.theregister.com/2023/02/14/blender_crypto_mixer_sinbad/
https://decrypt.co/121222/new-sinbad-bitcoin-mixer-is-sanctioned-blender
https://cointelegraph.com/news/crypto-mixer-blender-has-been-rebranded-to-sinbad-says-elliptic
https://www.theblock.co/post/211225/sinbad-crypto-mixing-service-may-be-blender-in-disguise-elliptic
https://dailycoin.com/elliptic-reports-that-blender-rebranded-as-sinbad/
While people here now complain about Royse777 remaining funds are difficult to process, many funds going into blender.io previously, going into Sinbad.io after blender.io got busted, are 100% identical. It’s also stolen and hacked funds.
Sinbad.io funds were not just from DarkNet markets like ChipMixer, funds were even from organized crime syndicates.
Sinbad.io abused Bitcointalk to attract clean coins, to get volumes for mixing Sinbad.io’s extremely tainted coins. Bitcointalk members were abused like exit liquidity from shitcoin pump and dumps.
It’s a real shame, what Sinbad.io pulled of.
We need to spot such scum next time.
Final conclusions
While mixers like ChipMixer or Sinbad.io have been very famous, it’s now clear how ChipMixer clearly missed solid standards in terms of operation, transparency and security, how Sinbad was already guilty when it started and what Sinbad.io pulled off against Bitcointalk.
While ChipMixer was tied to DarkNet marketc, Sinbad.io funds were even from big organized crime syndicates.
We don’t know yet, which fallouts are still upcoming because for ChipMixer, 7 TB of data are a lot. For Sinbad.io a similar outcome of sized data might be up and people need to be aware how tainted coins from Sinbad.io really are. It’s coins from criminal syndicates.
Possibly, many transactions can get unmixed, which is good to catch scammers, criminals and syndicates but everyone who used such a mixer legitimately, can possibly get identified as well.
In Whirlwind, many people lost funds but just because of luck, an escrow still held money for refunds. In future cases, such refunds might not be available.
In ChipMixer, many people lost funds because private keys, which serves as "chips" were not deleted by ChipMixer.
According to LoyceV’s research many chip-sized funded addresses were emptied, indicating funds from Chips were moved at once in a sudden action. We can draw a conclusion from it: ChipMixer didn’t delete private keys after a session expired. According to ChipMixer, deleted sessions can’t be restored, where we can expect also deleting keys to prevent any malicious actor from obtaining it.
Because imagine it is also possible for a hacker to obtain such private keys.
Because of being a centralized service, ChipMixer's, Whirlwind's and Sinbad.io's downfall was no surprise.
It's a big shame Bitcointalk is such an outdated and buggy forum. On different sites, so many modern designs are presented but Bitcointalk is still old and buggy. It's a relic.
Or were all Merit sources dishonest and forum administrator took action?
Or were all Merit sources dishonest and forum administrator took action?
This is my prediction for today's match. But are you sure that some of these matches will give a surprise?
I think the Man City vs Nottingham match could give a surprise in this match. But looking at the odds given by the bookmakers, it seems that Man City can win this match. But I still choose to take the risk to get the surprise.
Betting on favorites once and securing profits after it will be most profitable because a favorite is much more likely to win.
It can be a good strategy for us to select a favorite once and pay out our profits after it.
It can be a good strategy for us to select a favorite once and pay out our profits after it.
Mich stört vor allem der große Stromverbrauch des Bitcoins, der leider untrennlich mit Bitcoin in Verbindung steht, denn sonst würde Proof of Work nicht funktionieren. Leider kommt in der Diskussion mit dem hohen Stromverbrauch nur selten das Argument, dass dieser Stromverbrauch Bitcoin so sicher macht, wie Bitcoin am Ende ist und das ist eben auch ein guter Punkt für den Bitcoin, wenn der Strom aus erneuerbaren Energien kommt, was er immer öfter tut.
Wie von den Vorrednern schon gesagt, ist leider die Kriminalität rund um Bitcoin sehr hoch, weil der "wilde Westen" allerlei kriminelles Pack anzieht und dieser unregulierte Markt gnadenlos für Betrug ausgenutzt wird.
Wie von den Vorrednern schon gesagt, ist leider die Kriminalität rund um Bitcoin sehr hoch, weil der "wilde Westen" allerlei kriminelles Pack anzieht und dieser unregulierte Markt gnadenlos für Betrug ausgenutzt wird.
Re: ⚽ UEFA Euro 2024 in Germany ⚽ - Qualifiers👉Group Stage
UEFA Euro 2024 in Germany is goind on currently and Denmark has a great shot to suceed in Group stage. After a good draw against England, Denmark will face Serbia as a hard team to play against because Serbia will play fouls for sure and Denmark needs to win.
Seeing the Italian game will be more difficult if it goes to the next round because the opponent will be even stronger they will not get to the higher round (final) that's just my prediction because I saw the Italian game that was just like that.
Ehhh the magic will always be there guys... I hope Italy finds it.
Italy had huge difficulties to even get a draw against Croatia, which should not be underestimated because of Modric. He always knows when to play a tactical pass and does it, as well. Ehhh the magic will always be there guys... I hope Italy finds it.
Re: [Merit] Share your best posts/threads with Fillippone to be merit assessed
⭐ Merited by fillippone (1)
Round 1
Bitcointalk vs. YouTube from an educational viewpoint
Board: Beginners and Help
Category: Education / Advice
What ChipMixer’s, Whirlwind’s and Sinbad’s downfall teaches us
Board: Beginners and Help
Category: Recent ChipMixer / Sinbad seizing event
YouTuber's hype video is not good advice
Board: Beginners and Help
Category: Education / Advice
Be careful and don’t promote a scam campaign
Board: Beginners and Help
Category: Education / Advice
Bitcointalk vs. YouTube from an educational viewpoint
Board: Beginners and Help
Category: Education / Advice
What ChipMixer’s, Whirlwind’s and Sinbad’s downfall teaches us
Board: Beginners and Help
Category: Recent ChipMixer / Sinbad seizing event
YouTuber's hype video is not good advice
Board: Beginners and Help
Category: Education / Advice
Be careful and don’t promote a scam campaign
Board: Beginners and Help
Category: Education / Advice
⭐ Merited by vjudeu (1)
What is your most important pro Bitcoin argument?
We know many Altcoins want to be better compared to Bitcoin but have failed so far
Please share here and also add a short comment why it is your most important Bitcoin argument.
My most important Bitcoin argument is PoW because PoW really ensures Bitcoin is safe and can't be attacked very easily, like it is possible for PoS, for example.
We know many Altcoins want to be better compared to Bitcoin but have failed so far
Please share here and also add a short comment why it is your most important Bitcoin argument.
My most important Bitcoin argument is PoW because PoW really ensures Bitcoin is safe and can't be attacked very easily, like it is possible for PoS, for example.
⭐ Merited by un_rank (1)
What is your most important crypto advice?
Please share here and also add a short comment why it is your most important crypto advice.
My most important crypto advice is "not your keys - not your coins" because it is simply a very important advice, where we should be aware to have real access to our coins and don't need to rely on a middleman. Bitcoin is clearly designed as a P2P currency.
Please share here and also add a short comment why it is your most important crypto advice.
My most important crypto advice is "not your keys - not your coins" because it is simply a very important advice, where we should be aware to have real access to our coins and don't need to rely on a middleman. Bitcoin is clearly designed as a P2P currency.
What ChipMixer’s, Whirlwind’s and Sinbad’s downfall teaches us
⭐ Merited by NotATether (2)
Now, just a few days to go before year’s end we need to remember a year of centralized mixer fails. First, ChipMixer’s downfall, later Whirlwind’s downfall and now Sinbad.io’s downfall are truly lessons to be learned from.
We need to draw conclusions and it is important for us to learn from it to avoid repeating similar mistakes.
While all cases are different, a basic problem is boiling down to being centralized services. We have learned from Bitcoin why decentralization is important. Centralized mixers is exactly what a decentralization maximalist needs to be critical of.
Disadvantages of centralized services
We know it very well from Bitcoin: decentralization is king. Bitcoin is so famous because it’s decentralized. By decentralizing it, important attack vectors against it won’t work.
In opposite, mixers like Whirlwind, Sinbad.io or ChipMixer are centralized. It is run by an operator / CEO and he can do mistakes, get caught and steal funds. We have to trust him and how he is running his service.
Whirlwind outright scammed everyone, where developers just decided to abandon Whirlwind and as a logical result from centralized services, customers received financial loss. Maybe all data will be sold on Darket marketplaces to increase owner profits.
It is all about avoiding a middleman, trustless.
Bitcoin is legit, Bitcoin has no CEO.
Decentralized is king!
ChipMixer’s case
Let's have a closer look at ChipMixer:
Are ChipMixer operators really well educated and honest?
In a centralized service, we depend on its operators to be honest and well educated. We don’t know it if ChipMixer’s developers are honest and well educated but what we heard from some research, ChipMixer’s founder was not someone who was extremely educated, as flaws in his operations were revealed. Yes, he was able to set up a website and code mixing operations, also in DarkNet but after all, he can also have hired a coder to set it up and maintain it. We don’t now much about ChipMixer’s development team size and experience. It is unknown.
Once again, we need to trust some internet strangers.
Centralized services need an income – not unlike Bitcoin
As every centralized service, also ChipMixer needed an income. ChipMixer didn’t charge any fees for mixing, only dust, which didn’t fit in Chips was charged, which is not much after all. ChipMixer also had a gambling part, where customers can bet a Bitcoin amount and double it – or lose it. 47% chance of success. A part of it was ChipMixer’s revenue.
To generate revenue for it’s operations, every centralized service needs an income and most likely ChipMixer’s income was to launder criminal funds and even being involved in DarkNet operations.
It’s not a surprise. Sinbad.io is even worse involved in criminal syndicate businesss, it is shocking, but later more about it.
Conclusion: Such money needs to have an origin and it’s likely to be from criminal origin (hacked funds, stolen funds, extorted funds), where ChipMixer participated in deals to obtain income from.
ChipMixer’s involvement in DarkNet markets
After ChipMixer was operating for a long time, it suffered to be a target for criminals to launder stolen or hacked Bitcoins. It is quite likely, more and more hackers and criminals found out about ChipMixer over time.
In addition, ChipMixer seemed to be operating a DarkNet activities itself but it is still not known to which degree ChipMixer has been involved in DarkNet markets.
After ChipMixer never provided any statement, not from employees as well, it seems to be a very centralized service and a very small team. We don’t know how many employees ChipMixer had. Most likely ChipMixer was run by few people close to DarkNet markets and didn’t apply valid security measures, like deleting old private keys from customers because data was found later and keys emptied.
Sinbad.io’s case
Let's have a closer look at Sinbad.io:
While most points are already covered and apply for Sinbad.io like it does for ChipMixer, Sinbad.io is one step more shocking and more tied to crime. Because from all information available, seachable for anyone to do a quick internet research, Sinbad.io was already tied to massive criminals when it started.
Sinbad.io started as a re-branded, already busted mixer, blender.io, known for funneling funds from big hacks and criminal syndicates before it got busted:
https://finance.yahoo.com/news/sanctioned-mixer-blender-launched-sinbad-183621428.html
https://www.coindesk.com/business/2023/02/13/sanctioned-mixer-blender-re-launched-as-sinbad-elliptic-says/
https://decrypt.co/208160/sanctioned-bitcoin-mixer-blender-relaunch-sinbad-sanctioned-again
https://www.theregister.com/2023/02/14/blender_crypto_mixer_sinbad/
https://decrypt.co/121222/new-sinbad-bitcoin-mixer-is-sanctioned-blender
https://cointelegraph.com/news/crypto-mixer-blender-has-been-rebranded-to-sinbad-says-elliptic
https://www.theblock.co/post/211225/sinbad-crypto-mixing-service-may-be-blender-in-disguise-elliptic
https://dailycoin.com/elliptic-reports-that-blender-rebranded-as-sinbad/
While people here now complain about Royse777 remaining funds are difficult to process, many funds going into blender.io previously, going into Sinbad.io after blender.io got busted, are 100% identical. It’s also stolen and hacked funds.
Sinbad.io funds were not just from DarkNet markets like ChipMixer, funds were even from organized crime syndicates.
Sinbad.io abused Bitcointalk to attract clean coins, to get volumes for mixing Sinbad.io’s extremely tainted coins. Bitcointalk members were abused like exit liquidity from shitcoin pump and dumps.
It’s a real shame, what Sinbad.io pulled of.
We need to spot such scum next time.
Final conclusions
While mixers like ChipMixer or Sinbad.io have been very famous, it’s now clear how ChipMixer clearly missed solid standards in terms of operation, transparency and security, how Sinbad was already guilty when it started and what Sinbad.io pulled off against Bitcointalk.
While ChipMixer was tied to DarkNet marketc, Sinbad.io funds were even from big organized crime syndicates.
We don’t know yet, which fallouts are still upcoming because for ChipMixer, 7 TB of data are a lot. For Sinbad.io a similar outcome of sized data might be up and people need to be aware how tainted coins from Sinbad.io really are. It’s coins from criminal syndicates.
Possibly, many transactions can get unmixed, which is good to catch scammers, criminals and syndicates but everyone who used such a mixer legitimately, can possibly get identified as well.
In Whirlwind, many people lost funds but just because of luck, an escrow still held money for refunds. In future cases, such refunds might not be available.
In ChipMixer, many people lost funds because private keys, which serves as "chips" were not deleted by ChipMixer.
According to LoyceV’s research many chip-sized funded addresses were emptied, indicating funds from Chips were moved at once in a sudden action. We can draw a conclusion from it: ChipMixer didn’t delete private keys after a session expired. According to ChipMixer, deleted sessions can’t be restored, where we can expect also deleting keys to prevent any malicious actor from obtaining it.
Because imagine it is also possible for a hacker to obtain such private keys.
Because of being a centralized service, ChipMixer's, Whirlwind's and Sinbad.io's downfall was no surprise.
We need to draw conclusions and it is important for us to learn from it to avoid repeating similar mistakes.
While all cases are different, a basic problem is boiling down to being centralized services. We have learned from Bitcoin why decentralization is important. Centralized mixers is exactly what a decentralization maximalist needs to be critical of.
Disadvantages of centralized services
We know it very well from Bitcoin: decentralization is king. Bitcoin is so famous because it’s decentralized. By decentralizing it, important attack vectors against it won’t work.
In opposite, mixers like Whirlwind, Sinbad.io or ChipMixer are centralized. It is run by an operator / CEO and he can do mistakes, get caught and steal funds. We have to trust him and how he is running his service.
Whirlwind outright scammed everyone, where developers just decided to abandon Whirlwind and as a logical result from centralized services, customers received financial loss. Maybe all data will be sold on Darket marketplaces to increase owner profits.
It is all about avoiding a middleman, trustless.
Bitcoin is legit, Bitcoin has no CEO.
Decentralized is king!
ChipMixer’s case
Let's have a closer look at ChipMixer:
Are ChipMixer operators really well educated and honest?
In a centralized service, we depend on its operators to be honest and well educated. We don’t know it if ChipMixer’s developers are honest and well educated but what we heard from some research, ChipMixer’s founder was not someone who was extremely educated, as flaws in his operations were revealed. Yes, he was able to set up a website and code mixing operations, also in DarkNet but after all, he can also have hired a coder to set it up and maintain it. We don’t now much about ChipMixer’s development team size and experience. It is unknown.
Once again, we need to trust some internet strangers.
Centralized services need an income – not unlike Bitcoin
As every centralized service, also ChipMixer needed an income. ChipMixer didn’t charge any fees for mixing, only dust, which didn’t fit in Chips was charged, which is not much after all. ChipMixer also had a gambling part, where customers can bet a Bitcoin amount and double it – or lose it. 47% chance of success. A part of it was ChipMixer’s revenue.
To generate revenue for it’s operations, every centralized service needs an income and most likely ChipMixer’s income was to launder criminal funds and even being involved in DarkNet operations.
It’s not a surprise. Sinbad.io is even worse involved in criminal syndicate businesss, it is shocking, but later more about it.
Conclusion: Such money needs to have an origin and it’s likely to be from criminal origin (hacked funds, stolen funds, extorted funds), where ChipMixer participated in deals to obtain income from.
ChipMixer’s involvement in DarkNet markets
After ChipMixer was operating for a long time, it suffered to be a target for criminals to launder stolen or hacked Bitcoins. It is quite likely, more and more hackers and criminals found out about ChipMixer over time.
In addition, ChipMixer seemed to be operating a DarkNet activities itself but it is still not known to which degree ChipMixer has been involved in DarkNet markets.
After ChipMixer never provided any statement, not from employees as well, it seems to be a very centralized service and a very small team. We don’t know how many employees ChipMixer had. Most likely ChipMixer was run by few people close to DarkNet markets and didn’t apply valid security measures, like deleting old private keys from customers because data was found later and keys emptied.
Sinbad.io’s case
Let's have a closer look at Sinbad.io:
While most points are already covered and apply for Sinbad.io like it does for ChipMixer, Sinbad.io is one step more shocking and more tied to crime. Because from all information available, seachable for anyone to do a quick internet research, Sinbad.io was already tied to massive criminals when it started.
Sinbad.io started as a re-branded, already busted mixer, blender.io, known for funneling funds from big hacks and criminal syndicates before it got busted:
https://finance.yahoo.com/news/sanctioned-mixer-blender-launched-sinbad-183621428.html
https://www.coindesk.com/business/2023/02/13/sanctioned-mixer-blender-re-launched-as-sinbad-elliptic-says/
https://decrypt.co/208160/sanctioned-bitcoin-mixer-blender-relaunch-sinbad-sanctioned-again
https://www.theregister.com/2023/02/14/blender_crypto_mixer_sinbad/
https://decrypt.co/121222/new-sinbad-bitcoin-mixer-is-sanctioned-blender
https://cointelegraph.com/news/crypto-mixer-blender-has-been-rebranded-to-sinbad-says-elliptic
https://www.theblock.co/post/211225/sinbad-crypto-mixing-service-may-be-blender-in-disguise-elliptic
https://dailycoin.com/elliptic-reports-that-blender-rebranded-as-sinbad/
While people here now complain about Royse777 remaining funds are difficult to process, many funds going into blender.io previously, going into Sinbad.io after blender.io got busted, are 100% identical. It’s also stolen and hacked funds.
Sinbad.io funds were not just from DarkNet markets like ChipMixer, funds were even from organized crime syndicates.
Sinbad.io abused Bitcointalk to attract clean coins, to get volumes for mixing Sinbad.io’s extremely tainted coins. Bitcointalk members were abused like exit liquidity from shitcoin pump and dumps.
It’s a real shame, what Sinbad.io pulled of.
We need to spot such scum next time.
Final conclusions
While mixers like ChipMixer or Sinbad.io have been very famous, it’s now clear how ChipMixer clearly missed solid standards in terms of operation, transparency and security, how Sinbad was already guilty when it started and what Sinbad.io pulled off against Bitcointalk.
While ChipMixer was tied to DarkNet marketc, Sinbad.io funds were even from big organized crime syndicates.
We don’t know yet, which fallouts are still upcoming because for ChipMixer, 7 TB of data are a lot. For Sinbad.io a similar outcome of sized data might be up and people need to be aware how tainted coins from Sinbad.io really are. It’s coins from criminal syndicates.
Possibly, many transactions can get unmixed, which is good to catch scammers, criminals and syndicates but everyone who used such a mixer legitimately, can possibly get identified as well.
In Whirlwind, many people lost funds but just because of luck, an escrow still held money for refunds. In future cases, such refunds might not be available.
In ChipMixer, many people lost funds because private keys, which serves as "chips" were not deleted by ChipMixer.
According to LoyceV’s research many chip-sized funded addresses were emptied, indicating funds from Chips were moved at once in a sudden action. We can draw a conclusion from it: ChipMixer didn’t delete private keys after a session expired. According to ChipMixer, deleted sessions can’t be restored, where we can expect also deleting keys to prevent any malicious actor from obtaining it.
Because imagine it is also possible for a hacker to obtain such private keys.
Because of being a centralized service, ChipMixer's, Whirlwind's and Sinbad.io's downfall was no surprise.
⭐ Merited by CryptopreneurBrainboss (1)
YouTube is very famous when people want to find out more information about crypto and it's always generating many clicks for YouTubers. But unfortunately, information quality is not very high for most videos because of hype and clickbait videos.
It is very important for us to know YouTuber's hype video is not good advice.
YouTubers want to create hype, not quality information
An important point for each YouTuber is to generate clicks and views and followers.
And to get clicks and views and followers, it is a strategy from many YouTubers to launch hype videos, where outrageous claims are made, such like:
- Bitcoin will crash (soon)
- Bitcoin will die (soon)
- Bitcoin will make new all-time-high (soon)
- Altcoin will overtake Bitcoin (soon)
- Altcoin will die (soon)
- …
It is always similar strategy for YouTubers to create hype instead of presenting normal information. It is very dangerous because accurate information is not presented. Instead, reality is hyped and exaggerated.
= information quality is suffering and sometimes very misleading
YouTubers spreading HATE and FEAR (FUD)
It is also very efficient for YouTubers to spread hate and fear because it's also generating clicks and views. Many people will get worried and click such videos to find it out but all information is just unjustified FUD, resulting in damages.
One reason is YouTuber’s greed to generate clicks and views and also a reason is for example, Russian propaganda. It is also possible, YouTubers are getting paid from Russia to spread hate and fear, as Russia has many loyal serfs on YouTube.
For us, such YouTubers are very dangerous because it’s facilitating
- Hate
- FUD
- weak hands and more sell pressure because people don’t trust to HODL
It is scientifically proven for hate and fear (FUD) to generate more clicks, so it is a common strategy for YouTubers to get more clicks and views.
Be careful when you see hate and fear (FUD) on YouTube.
YouTubers getting paid to advertise a project
Very often, big YouTubers are getting paid from a project directly to present it in a positive way. Some projects pay YouTubers directly and hope to get more investors due to positive YouTube videos because many followers trust, what YouTubers are publishing even it makes not much sense at all.
For a high payment by projects, many YouTubers will only mention positive facts and forget often to inform about risks and flaws of a project to get many followers to invest.
Or it's about a shady exchange, where YouTubers will also get a profit if you sign up from a referral link.
YouTubers are trying to distribute referral links
A significant amount of YouTube videos is made in hindsight to collect money by referral-links.
For such YouTube videos we'll find a referral link mentioned somewhere which will lead us to to an official project site, where we can register to invest. Of course, a YouTuber who will mention such projects and mention his referral link, will get a reward if we click his link to join, register and invest, often a percentage of our amount invested. Of course, any YouTuber will be interested to make you join and invest a huge sum because of his profit.
A famous hype channel was (or still is) Trevon James, who advertised heavily for a known scam, Bitconnect.
Conclusion
YouTuber's content is often of very low quality and only based on hype:
It is very easy to detect, when we view some YouTube presentations, where it’s often clickbait:
It is very clearly clickbait.
For us, we should always know: YouTuber's hype video is not good advice. It is not well researched and low quality content.
It is very important for us to know YouTuber's hype video is not good advice.
YouTubers want to create hype, not quality information
An important point for each YouTuber is to generate clicks and views and followers.
And to get clicks and views and followers, it is a strategy from many YouTubers to launch hype videos, where outrageous claims are made, such like:
- Bitcoin will crash (soon)
- Bitcoin will die (soon)
- Bitcoin will make new all-time-high (soon)
- Altcoin will overtake Bitcoin (soon)
- Altcoin will die (soon)
- …
It is always similar strategy for YouTubers to create hype instead of presenting normal information. It is very dangerous because accurate information is not presented. Instead, reality is hyped and exaggerated.
= information quality is suffering and sometimes very misleading
YouTubers spreading HATE and FEAR (FUD)
It is also very efficient for YouTubers to spread hate and fear because it's also generating clicks and views. Many people will get worried and click such videos to find it out but all information is just unjustified FUD, resulting in damages.
One reason is YouTuber’s greed to generate clicks and views and also a reason is for example, Russian propaganda. It is also possible, YouTubers are getting paid from Russia to spread hate and fear, as Russia has many loyal serfs on YouTube.
For us, such YouTubers are very dangerous because it’s facilitating
- Hate
- FUD
- weak hands and more sell pressure because people don’t trust to HODL
It is scientifically proven for hate and fear (FUD) to generate more clicks, so it is a common strategy for YouTubers to get more clicks and views.
Be careful when you see hate and fear (FUD) on YouTube.
YouTubers getting paid to advertise a project
Very often, big YouTubers are getting paid from a project directly to present it in a positive way. Some projects pay YouTubers directly and hope to get more investors due to positive YouTube videos because many followers trust, what YouTubers are publishing even it makes not much sense at all.
For a high payment by projects, many YouTubers will only mention positive facts and forget often to inform about risks and flaws of a project to get many followers to invest.
Or it's about a shady exchange, where YouTubers will also get a profit if you sign up from a referral link.
YouTubers are trying to distribute referral links
A significant amount of YouTube videos is made in hindsight to collect money by referral-links.
For such YouTube videos we'll find a referral link mentioned somewhere which will lead us to to an official project site, where we can register to invest. Of course, a YouTuber who will mention such projects and mention his referral link, will get a reward if we click his link to join, register and invest, often a percentage of our amount invested. Of course, any YouTuber will be interested to make you join and invest a huge sum because of his profit.
A famous hype channel was (or still is) Trevon James, who advertised heavily for a known scam, Bitconnect.
Conclusion
YouTuber's content is often of very low quality and only based on hype:
It is very easy to detect, when we view some YouTube presentations, where it’s often clickbait:
It is very clearly clickbait.
For us, we should always know: YouTuber's hype video is not good advice. It is not well researched and low quality content.
If borovichok really lent his account to someone to shitpost, a negative trust is completely valid. Accounts changing hands and getting a tag is where DT has shown to be reliable to shut down any potential abuse. At least OP has now 3 neutral trusts and sig managers will be more careful to hire borovichok.
We can just abolish any so-called "ban evading" rule because it's useless in any case.
I disagree. I believe that those who commit plagiarism, perhaps unintentionally or unknowingly, deserve a second chance to redeem themselves.
Of course, old account getting trashed as punishment for plagiarism needs to be accepted.
But from a new account, everyone could have a second chance.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I wonder if the SEC can use (technical) reasons to block ETFs based on other chains and to potentially kick those in the long grass for a far longer period of time.
Most shitcoins are nowhere near as decentralised as BTC (or completely not) and there often doesn't even seem to be an issue cap built in the currency or it is completely vague (exactly like with Eth).
BINGO, you've just uncovered that there's Bitcoin and then, there's Shitcoin. Most shitcoins are nowhere near as decentralised as BTC (or completely not) and there often doesn't even seem to be an issue cap built in the currency or it is completely vague (exactly like with Eth).