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Showing 6 of 6 results by josephanderson2020
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Topic
Board Bitcoin Discussion
Re: How to make money with bitcoin 0-confirmations spending, what are legal risks?
by
josephanderson2020
on 05/02/2021, 20:03:27 UTC

  Several users send me PMs ask not to disclose the site publicy, but only to give the address to them to test, with the suggestion that the more people use it to make money the faster the admin of the site will fix the glitch .

  I guess those users only want to exploit it themselves.

  It is resonable that all people want this address hidden, only for them to know and to exploit. The more use it the faster it will be fixed.

  Those calling it a scam, do just that, try to scare away people from using it, so that it last longer.
Post
Topic
Board Bitcoin Discussion
Re: Making money with 0-confirmations spending, what are legal risks?
by
josephanderson2020
on 05/02/2021, 19:43:21 UTC
I suspect anyone who tries to get greedy and use this "doubler" will find whatever funds they send immediately included in a CPFP with a very high fee.

  I tried the mixer myself, with a small amount and it works.

  I am afraid of sending in a big amount.
Post
Topic
Board Bitcoin Discussion
Re: How to make money with bitcoin 0-confirmations spending, what are legal risks?
by
josephanderson2020
on 05/02/2021, 14:30:48 UTC
Lol! You understand that you are doing something unethically and you still keep on doing it and getting worried about legal consequences? The legal consequences would convict you as a cheater and a thief, but only if they can catch you!

I am sure the owner of the mixer will eventually fix the loophole once he notices his financial loss! So whatever you guys are doing, are short lived!

I think, you must have received few PMs already asking about the address of the mixer!

  Yes, I received a few PMs already, and I gave it. I also mentioned here in the thread in an edit, so save myself from lots of PMs.

  To anyone: use it on your own risk. It will work for a short time until the admin will fix the loophole. And as avikz said, he will fix it as soon as he finds his financial loses.
Post
Topic
Board Lending
Topic OP
I have some bitcoin that I am looking to lend to friends, what interest to ask?
by
josephanderson2020
on 05/02/2021, 13:56:15 UTC

 Hi,

  I have some bitcoin that I am looking to lend to friends, and they offered to pay a bit more in return.

  I am not a loan shark and I do not want to get more that what is usual, and I am not a stupid either to do it for free, so some small interest as return sounds ok.

  The question is, what is to be considered a fair interest per month? for bitcoin?

  I belive the bitcoin value will increase in time, but it might also decrease. So I will lend btc and get back btc. If it increases or it decreses is my risk, I just get back the amount in btc plus some small interest.

  What interest do you think is fair?
Post
Topic
Board Bitcoin Discussion
Re: Making money with 0-confirmations spending, what are legal risks?
by
josephanderson2020
on 05/02/2021, 13:17:18 UTC

For all those who might want to take advantage of the services mentioned by OP, keep in mind that the whole story may not be true - do not use unverified sites because instead of double BTC you may be left without a deposit. 

 Theoretically if you send with a very small fee, the funds will never arrive to the destination, the transaction will be reverted. So you can't be left without a deposit because the funds will arrive back, the worst you can have it blocked for a few days

 Am I wrong?



Whoever made a mixer without protecting themselves from double-spend is far from a professional who knows what he is doing.



 zxqmje462zmm6as2 with onion at the end is the said mixer. Is a service on tor browser . I think normal version can be accessed if one puts  ws at the end

 I write the address to show is a very graphical ugly and simple bitcoin mixer,  so I assume the programmer or designer is laking skills, he din't even got some profesional template embedded in it, which makes me think he is also lacking skills on configuration of bitcoin node server and other stuff...

  I tried it personally for a few transaction, and it worked, I got the bitcoins out from mixer before my payment confimed entering the mixer.


I guess that sadly many laws look at mixers more as crypto-money-washers than privacy tools.

That stated I guess it could be improbable to have  LEGAL consequences because it's improbable mixer owner will self-report its activity just to denounce you


  That sounds good.


But I would be personally worried about violent revenges if you do not hide your identity in a really effective way (which is soooo difficult in these days, especially if you haven't always cared about it, ideally since the beginning of times)

my2cents

  As the owner of the mixer seems to lack skills to properly configure the mixer, I doub't he is having skills to trace me. I plan to mix the coins elsewhere after I get it.

Post
Topic
Board Bitcoin Discussion
Topic OP
Making money with 0-confirmations spending, what are legal risks?
by
josephanderson2020
on 05/02/2021, 10:16:33 UTC
Hi,

  I have a friend to found a way to make money with 0-confirmations spending, I know is not ethical but it is really working and I wonder what are the legal risks?

  He found several sites, that can be used to make money.

  One is a bitcoin mixer, that works with 0-confirmations.

  Basically, this mixer works like this: you give it a bitcoin address where to return the mixed coins. Then the mixer provides you with an address where you send the bitcoin to be mixed. After the bitcoin receives the bitcoin to be mixed, it sends you bitcoin from a different addresses, basically different bitcoins, so that the bitcoins links are lost.
  The bitcoin mixer has some sort of buffer or reserve of bitcoins from where it sends you.

  The thing is that the mixer is not configured properly, and it sents you bitcoins from his reserve as soon as it sees 0-confirmation transaction from you to the address that it gave you to send bitcoin to be mixed. So it doesn't wait for your initial transaction to be confirmed 1 or more, it just sends you our the amount it sees coming, less fee, as it things it will get those bitcoins.

   The catch is this: if you send it any bitcoin amount with a very small fee, ex 1 satoshi per byte, the mixer sees the transaction, sends you bitcoin to your output address, but it never receives your initial bitcoin because the transaction doesn't confirm, and gets back to your wallet in about 3 days or so, after it gets dropped from the mem pool

   This is a great way to double bitcoin. Any amount can be send to mixer, the mixer sends back before it has confirmations of receiving, and then the initial transaction reverses because of small fee.

   It is not ethical but is proven. I am not sharing the link of the bitcoin mixer, because I do not do advertising of it, nor I want to promote illegal ways of doing money.

   I am just asking, due of nature of bitcoin, is very difficult to catch a person making bitcoin this way. But what are the legal risks if he gets caught?

   I am sure this glitch in configuration won't stay long. So I need to consider the legal risks fast before the thing gets properly configured

   My friend has sent it several times various amounts of bitcoins, and it always worked, getting bitcoin back twice.