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Former FTX CEO Sam Bankman-Fried has been released on bail after appearing in U.S. federal court in New York on Thursday. Bankman-Fried was told he can live with his parents on $250 million bail secured in part by their Palo Alto, California, house. His release also includes a long list of requirements for him to remain free while he faces charges. He's not allowed to make financial transactions of more than $1,000, can't open new lines of credit, can't leave the house except to exercise and must go through substance abuse and mental health treatment, according to the agreement.
More @ https://www.coindesk.com/markets/2022/12/23/first-mover-americas-sec-scrutnizes-crypto-audits-sbf-gets-bail/
More @ https://www.coindesk.com/markets/2022/12/23/first-mover-americas-sec-scrutnizes-crypto-audits-sbf-gets-bail/
He claimed in an interview that he had less than $100,000, so how can he afford to pay the $250,000,000 bond?
Hi,
I am thinking of investing about value equivalent to 1BTC at today's price 16.K in a dedicated solar power panels at my roof and use the energy produced for mining bitcoins.
If I buy second hand miners with 200TH hash power included in the package, how I would calculate time of investment return?
I am thinking of investing about value equivalent to 1BTC at today's price 16.K in a dedicated solar power panels at my roof and use the energy produced for mining bitcoins.
If I buy second hand miners with 200TH hash power included in the package, how I would calculate time of investment return?
This is what I think as a former miner. There are several reasons why solar panels may not be a profitable option for mining cryptocurrencies. Here are 4 of my main reasons:
1. High upfront costs: Setting up a solar panel system can be expensive, as it requires the purchase of the panels, inverters, batteries, and other necessary equipment. These costs may not be recouped through mining profits, especially if the value of the cryptocurrency being mined decreases over time.
2. Limited efficiency: Solar panels are not always the most efficient way to generate electricity, especially when compared to traditional fossil fuel sources. This can make it difficult to generate enough electricity to support the high energy demands of cryptocurrency mining operations.
3. Variable electricity production: Solar panels are dependent on weather conditions and may not produce a consistent amount of electricity. This can make it difficult to predict and plan for the energy needs of a mining operation.
4. Regulatory challenges: In some areas, there may be regulatory challenges or restrictions on the use of solar panels for cryptocurrency mining, which could limit the feasibility of this approach.
Overall, while solar panels may be a more environmentally-friendly option for generating electricity, they may not always be the most cost-effective or efficient choice for cryptocurrency mining.
Due to its instability, I don't think that will occur. With government and central bank-developed instruments that help with regulation and its impact on an economy, fiat currency has shown to be a trustworthy medium of exchange.Nobody knows and examine the potential roles that cryptocurrencies will play.
We do not yet know what would happen to global financial stability if cryptocurrencies were to replace fiat money.
In terms of people's use of cryptocurrencies, bitcoin has almost become a global currency. But it will not be used as the state's world currency. For them, this is simply unacceptable. They fully embrace blockchain technology and create their own CBDCs based on it, which will replace their need for digital money. Therefore, a decentralized cryptocurrency is the currency of people and for people, but not for settlements between states.We do not yet know what would happen to global financial stability if cryptocurrencies were to replace fiat money.
It is challenging to say with certainty whether or not Bitcoin will replace all other currencies. A few justifications have been offered for why Bitcoin might someday replace fiat money worldwide:. Bitcoin is a "decentralized" cryptocurrency, which means that it is not governed by any one organization, be it a government or a bank. Due to the fact that it is not centralized and subject to the same political influences as conventional fiat currencies, it may be attractive as a global currency. A maximum of 21 million coins can ever be created, limiting the total supply of Bitcoin. Due to the limited supply, which might increase demand and result in a potential value increase over time, it might become more alluring as a store of value. Network effects: With a sizable user base, significant infrastructure, and backing, the Bitcoin network is the largest and most established among cryptocurrencies. As a result, it might have an edge over other cryptocurrencies in terms of adoption and use as a reserve currency. The fact that there are a number of obstacles and restrictions that could prevent Bitcoin and other cryptocurrencies from becoming widely used as a form of payment worldwide should not be overlooked. Scalability issues, regulatory uncertainty, and the possibility of fraud and hacking are some of these difficulties.
I believe that Bitcoin lacks privacy. I invest in Bitcoin and low-cap privacy coins because of this.
Re: Is it possible to force miners to include a transaction in a block?
I didn't have too much time the last few days, I only could read a couple of basic articles, but my intention is to investigate the Monero protocol further and look if there could be some elements which could theoretically be integrated into Bitcoin. Until now my understanding is that the censorship resistance in Monero comes from basically two elements:
1) the fact that all possible inputs which could be included in a transaction/block come from CoinJoin-style transactions with ring signatures and lots of inputs and outputs, so if the miner wants to censor transactions, he would have to do extensive blockchain analysis to see which of the inputs could belong to a tainted "chain of transactions".
2) a transaction can go to a stealth address, which obfuscates the real address of the receiver. I'm in doubt however if this is really an advantage to Bitcoin if you create always fresh addresses for your transactions (Monero seems to have an "account" model, which of course is not really privacy-friendly if it doesn't have a mechanism to obfuscate the real address).
Edit, to clarify point 2: If stealth addresses made it impossible for miners to see in which ring-signature transaction, or even in which block you received the payment you spend in a certain output, then the Monero way would have an advantage versus Bitcoin, and it maybe could be even thinkable to be adapted in BTC.
But it leads me to another technical question: Can CoinJoin participants censor other potential participants of their CoinJoin? I.e. could there be CoinJoin transactions where a "tainted" input would be rejected by all other participants, so the often unfortunate owner of the tainted UTXO can't find a CoinJoin to integrate their transaction?
Of course it's possible that there may be altruistic participants who strive to integrate tainted and non-tainted inputs in CoinJoins, but the extend of that practice in the future remains speculation, a technical solution would be better.
I'd be grateful if we can focus the discussion to the technical side, and not derail too much into theories about possible government actions and also let out the PoW/PoS debate which is irrelevant for this question imo.
I think for now the Bitcoin incentive mechanism works well (so I partly agree with @pooya87 and others), but we don't know what could happen in the future, so at least discussing a bit about possible technical strategies and "Plan B's" isn't in vain, imo. At least that was the intention of the OP. Thanks
1) the fact that all possible inputs which could be included in a transaction/block come from CoinJoin-style transactions with ring signatures and lots of inputs and outputs, so if the miner wants to censor transactions, he would have to do extensive blockchain analysis to see which of the inputs could belong to a tainted "chain of transactions".
2) a transaction can go to a stealth address, which obfuscates the real address of the receiver. I'm in doubt however if this is really an advantage to Bitcoin if you create always fresh addresses for your transactions (Monero seems to have an "account" model, which of course is not really privacy-friendly if it doesn't have a mechanism to obfuscate the real address).
Edit, to clarify point 2: If stealth addresses made it impossible for miners to see in which ring-signature transaction, or even in which block you received the payment you spend in a certain output, then the Monero way would have an advantage versus Bitcoin, and it maybe could be even thinkable to be adapted in BTC.
Another possibility to prevent this kind of miner censorship is to expand upon coinjoins.
[...]Let say instead that your transaction is part of a much larger coinjoin transaction, with 50 inputs and 100 outputs, and a combined fee of 100,000 sats.
Yep, this is an interesting alternative scenario which could be enacted without any protocol change, simply making it easier to use (i.e. integrate it into standard consumer-focused wallets) would already be an advancement.[...]Let say instead that your transaction is part of a much larger coinjoin transaction, with 50 inputs and 100 outputs, and a combined fee of 100,000 sats.
But it leads me to another technical question: Can CoinJoin participants censor other potential participants of their CoinJoin? I.e. could there be CoinJoin transactions where a "tainted" input would be rejected by all other participants, so the often unfortunate owner of the tainted UTXO can't find a CoinJoin to integrate their transaction?
Of course it's possible that there may be altruistic participants who strive to integrate tainted and non-tainted inputs in CoinJoins, but the extend of that practice in the future remains speculation, a technical solution would be better.
I'd be grateful if we can focus the discussion to the technical side, and not derail too much into theories about possible government actions and also let out the PoW/PoS debate which is irrelevant for this question imo.
I think for now the Bitcoin incentive mechanism works well (so I partly agree with @pooya87 and others), but we don't know what could happen in the future, so at least discussing a bit about possible technical strategies and "Plan B's" isn't in vain, imo. At least that was the intention of the OP. Thanks
View Pandora Cash, please. According to what I've heard, it uses a completely different cryptographic scheme than monero and is resistant to censorship. Ring signatures with 256 members and confidential values but on accounts are used. No, UTXO. All you have is download your encrypted balance. There is no need for scanning. This cryptocurrency coin, in my opinion, supports privacy the best being user friendly.
GM crypto fam.
What I dont uderstands is, how can we know which tests will demonstrate the solvency of a centralized crypto exchange? Who is to say that funds cannot be shifted at any time, like SBF did from FTX to Alameda?
What I dont uderstands is, how can we know which tests will demonstrate the solvency of a centralized crypto exchange? Who is to say that funds cannot be shifted at any time, like SBF did from FTX to Alameda?
Central exchanges (CEXs) can demonstrate their solvency by showing that they have enough assets to cover their liabilities. There are many ways to accomplish this, including:.
1. Regular financial audits: CEXs can hire independent accounting companies to perform periodic financial audits and provide a report on the exchange's financial health. The assets, liabilities, and any potential risks of the exchange should all be disclosed in this report.
2. Keeping enough reserves: CEXs can keep enough reserves in the form of cash or highly liquid assets, like government bonds, to make sure they have the money to pay their debts.
3. Adequate risk management procedures can be put in place by CEXs, such as the use of stop-loss orders or margin limits, to reduce the risk of financial losses.
4. Keeping transparency: CEXs can keep the public and regulatory bodies informed about their assets and liabilities, as well as the state of their finances and business operations.
For CEXs to establish trust with their users and prove their solvency, it is critical that they be accountable and transparent.
HODL is a term commonly used by cryptocurrency investors that refuse to sell their cryptocurrency regardless of the price increasing or decreasing. It is more frequently used during a bear market when people refuse to sell their coins despite the price drop. Therefore, a holder is someone that HODLs bitcoin no matter the market situation.
Who is a Successful Holder?
How to Become a Successful Holder
1. Choose a trusted and reliable wallet and exchange to trade and keep your cryptocurrency.
2. DYOR - Do your own diligent research
3. Do your fundamental analysis
4. Stay informed - Be up to date with news
5. Be Strategic - Do not invest all your lifesaving, only save the amount you can afford to lose
6. Diversification- Diversify, do not put all your eggs in one basket
7. Cold Wallet storage - Lock up your crypto and tokens. It will relieve you of mental pressure.
What do you think? What other tips are there for becoming a successful holder?
Sources:
- https://remitano.com/learn/ng/121550-how-to-be-a-successful-hodler
- https://academy.binance.com/en/glossary/hodl
Who is a Successful Holder?
- A person who is a Skeptic. Most of the time, our skepticism is obscured by feelings, fear, and greed, which leads to poor conclusions. When it comes to your money, doubt is typical. However, your skepticism should be paired with a realistic and safe investment strategy. Avoid using excessively dangerous platforms, exchanges, and wallets, and don't leave anything to chance. Be on the lookout for planned pump-and-dump operations and frauds. Your skepticism will alert you any time something doesn't seem to add up. When something seems too wonderful to be true, it was generally a bad decision.
- A person with a basic understanding of the technology behind blockchain and cryptocurrency to be able to make good investment decisions.
- A person with the right and correct information all news and development about crypto with no exception because the blockchain space is rapidly evolving, socially, technically, and legally and staying updated is important to keeping money safe.
- A person with a working strategy which includes an investment plan, a target to take profit, and the duration of the investment.
- A person who is security-conscious. The individual keeps their wallet password securely both online and offline. Does not share their private key and trades on highly secured platforms and exchanges. Because they know that a breach in the security of a platform can result in the loss of fortunes.
How to Become a Successful Holder
1. Choose a trusted and reliable wallet and exchange to trade and keep your cryptocurrency.
2. DYOR - Do your own diligent research
3. Do your fundamental analysis
4. Stay informed - Be up to date with news
5. Be Strategic - Do not invest all your lifesaving, only save the amount you can afford to lose
6. Diversification- Diversify, do not put all your eggs in one basket
7. Cold Wallet storage - Lock up your crypto and tokens. It will relieve you of mental pressure.
What do you think? What other tips are there for becoming a successful holder?
Sources:
- https://remitano.com/learn/ng/121550-how-to-be-a-successful-hodler
- https://academy.binance.com/en/glossary/hodl
Good directions. Just buy and hold bitcoin. Perform DCA in and DCA out. With your spare cash, put it toward innovative small-cap projects. The future is privacy, in my opinion.
Hello everyone I am very excited today as finally my boss has agreed to pay in Bitcoin. After losing at my first attempt in Cryptocurrency as I thought that wealth falls like rain here I was brought back to reality with losses I got a little job on the side although a small amount paying job I think it is okay for me and I can get back on my feet.
Ever since I started working I have always been talking to my boss and coworkers about Cryptocurrency and after persisting they started to give me listening ears, I made sure to also tell them my experience and made sure they got my picture.
Along the line my boss got very much interested in cryptocurrency especially in Bitcoin. Assisted him in creating his Bitcoin wallet and taught him all I could, it surprised me when he finally accepted to pay me in Bitcoin and has giving it as an option to other workers, it's a big joy for me and I believe they are also talking about cryptocurrency to their friends and family too, just got my first payment in Bitcoin this evening.
Ever since I started working I have always been talking to my boss and coworkers about Cryptocurrency and after persisting they started to give me listening ears, I made sure to also tell them my experience and made sure they got my picture.
Along the line my boss got very much interested in cryptocurrency especially in Bitcoin. Assisted him in creating his Bitcoin wallet and taught him all I could, it surprised me when he finally accepted to pay me in Bitcoin and has giving it as an option to other workers, it's a big joy for me and I believe they are also talking about cryptocurrency to their friends and family too, just got my first payment in Bitcoin this evening.
You inspired me to start requesting that my employer pay me in cryptocurrency as well.
Hello Mates, I wish to venture into trading but I'm just being mindful of the current market situation. Looking at the market, I see instability.
I wish to get the needed guide on how and when to start trading Bitcoin and other cryptocurrencies inorder to make some profits to settle some of my needs. I appreciate you all for your kind response in advance.
I wish to get the needed guide on how and when to start trading Bitcoin and other cryptocurrencies inorder to make some profits to settle some of my needs. I appreciate you all for your kind response in advance.
Buy and hold bitcoin. Perform DCA in and DCA out. With your spare cash, put it toward innovative small-cap projects. The future is privacy, in my opinion.
Re: Obyte: Totally new consensus algorithm + private untraceable payments
I looked into Obyte privacy and I believe it is seriously flawed. Though the idea behind Blackbytes is fantastic overall. Each time a user creates a transaction to move blackbytes, the user has to pay a network fee in Obytes. This violated the coin's privacy, correct me if I'm wrong.
Re: PANDORA CASH - Privacy 2.0 - full anonymous assets & stable coins
Any updates on this brand-new privacy coin? Looking forward!
The Telegram groups are where I find most of my news. Join the Telegram groups for Pandora Cash. The development is still going on, as far as I can tell. There was a launch of a desktop app. The wallet is available for download and installation on Windows, MacOS, and Linux. I've heard of a new market that accepts $PCASH and describes itself as decentralized and private. There are lots of goods there. LibertyTown is the name of this new market.
Wow. It's great to see a privacy coin growing and concentrating on creating new things that make privacy stronger and more accessible to others. Without a doubt, I'll download and set up the wallet on my laptop. Nowadays, most projects don't progress very far. They only fork and rebrand their coins.
Pandora CASH is THE most anonymous coin on the market
After so many analysis I have done using the blockchain explorer wallet.pandoracash.com/explorer I can confirm that Pandora CASH is THE most anonymous coin on the market. This will be be huge!
Pandora Cash will become a real player in the cryptocurrency market.
I have noticed this project for the first time a few weeks ago on BitcoinTalk. I am impressed by the progress achieved by the team! Well done! It seems like Pandora Cash will become a real player in the cryptocurrency market.
Greetings! ImprezaFTX.com is now running faster. We started to get some decent trading volume on ImprezaFTX. Go and trade Pandora Cash now! We can confirm that Pandora Cash is anonymous.
Amazing. The price PCASH/USDT on ImprezaFTX is looking great. Can I buy Pandora Cash with BNB ? I have 2.3 bnb and I would like to get some more Pandora Cash
Greetings! Now you can buy PCASH with BUSD, BNB and DAI. Deposit on Binance Smart Chain is enabled. Withdrawal to Binance Smart Chain will be enabled this week. Stay tunned!
Thank you. I deposited BNB. Everything works well.
Greetings! ImprezaFTX.com is now running faster. We started to get some decent trading volume on ImprezaFTX. Go and trade Pandora Cash now! We can confirm that Pandora Cash is anonymous.
Amazing. The price PCASH/USDT on ImprezaFTX is looking great. Can I buy Pandora Cash with BNB ? I have 2.3 bnb and I would like to get some more Pandora Cash
In bear market I will stick with my own strategy to get into utility coins.
1. Focus on Bitcoin as Store of value
2. Small cap anonymity projects especially a new project that can kill monero. It's called Pandora Cash and it is 25 times more anonymous than monero making it impossible to track. It will have anonymous stable coins and de fi. I will not invest much, but once it gets adopted it can get 100x because it is a micro cap project just launched.
1. Focus on Bitcoin as Store of value
2. Small cap anonymity projects especially a new project that can kill monero. It's called Pandora Cash and it is 25 times more anonymous than monero making it impossible to track. It will have anonymous stable coins and de fi. I will not invest much, but once it gets adopted it can get 100x because it is a micro cap project just launched.
In bear market there are two strategies.
1. Buy the dip every quarter.
2. Stick with utility coins that have real demand. Bitcoin has utility as it is store of value. There is also Privacy coins. Right now I think there is way to much speculation into monero. This is why I am into micro cap privacy coins that once they get exposure they get picked up for the real demand and amazing returns in 1-2 years. On bitcointalk I discovered one interesting new privacy coin Pandora Cash that might be the monero killer. We might see real adoption for a privacy coin.
1. Buy the dip every quarter.
2. Stick with utility coins that have real demand. Bitcoin has utility as it is store of value. There is also Privacy coins. Right now I think there is way to much speculation into monero. This is why I am into micro cap privacy coins that once they get exposure they get picked up for the real demand and amazing returns in 1-2 years. On bitcointalk I discovered one interesting new privacy coin Pandora Cash that might be the monero killer. We might see real adoption for a privacy coin.
Honestly speaking, if you are in crypto and you can't be able to face the bear market, then it is really sad to say that you are not compatible for crypto profit too. I survived the 2018 bear and now I am still in crypto because I am used to it. But you mention one more thing, which is about meme coins and shitcoin. You mention that this type of bear market destroys the shitcoin and meme coin, which is really a sad reality because it shows the projects' exact power. But, in my opinion, meme coin and shit coin are just short-term trading coins that are not compatible with altcoins. That's all there is to it; don't invest in meme coin or shitcoin for the long term because the bear market will destroy you. my opinion. Thank you.
You are right. Bear market is only for utility coins that have real demand. So, bitcoin is store of value and then i focus on privacy coins as they are being used. The thing with monero is that there is already a lot of speculation and greed into monero so it might tank. Zcash is dead already. That is why I got into a new privacy coin that might be a monero killer. There was an asian guy on this forum announced a new privacy coin totally new that is impossible to trace. Once it gets exposure real demand will follow and required by a lot of folks who need it.
Todays current situation for Luna all my works just stop and cant belive whats going on with this scenario!! Lost too much in my life savings!! Now thinking about invest on btc at least there is no chance like 98% dump at least stable coin looking to more risky!!
You should just stick with utility coins that have demand. Btc has utility as it is store of value. Another utility is anonymity. This is why I got into Bitcoin and another little & new project Pandora Cash. It could be the monero replacement. They claim it is more anonymous than monero and trust less. If it gets exposure it means it is being used as an anonymous coin and have real demand from a lot of users that will need it. Just over over invest your money into new projects. I don't like high cap projects because they are over hyped and can't grow much and still have big risk. This is why I got with Pandora Cash as it was recently launched and it is a extremely nano cap coin.