Except even then it seems incredibly stupid since unless you never let it leave the system and you generated the coins yourself, there's a permanent, indelible record of every single transaction a wallet has ever made and every wallet a bitcoin has been through.
Sounds fantastic for doing illegal stuff to me! Perfect traceability!
Also funny: Bitcoin proponents argue that it is a way around the fees banks and paypal etc charge us. Why would anyone bother to process bitcoin transactions? Fees.
Turns out that if you want to actually do anything with your imaginary computer money, you have to turn it into/treat it like real money. Funny how that works.
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TetraNitroCubaneThe DjinneratorAt the bottom of a bottleRegistered Userregular
Not sure if this belongs here or the computer security thread, but I figure it's more relevant here.
At least a dozen supercomputers across Europe have shut down after cyber-attacks tried to take control of them.
A pan-European supercomputing group says they seem to have tried to use the machines to mine cryptocurrency.
Also on 11 May, another attack shut down five supercomputers in Germany.
Others followed elsewhere in Germany in the following days, as well as in Switzerland, and reportedly Barcelona.
They exploited an Secure Shell (SSH) connection, which academic researchers use to log in to the system remotely.
And once inside, the attackers appear to have deployed cryptocurrency-mining malware.
The security team at the European Group Infrastructure foundation said: "A malicious group is currently targeting academic data centres for CPU [central processing unit] mining purposes.
Hrmmm... How do I get shodan.io to filter by super computers?
Hire a hacker to remove the ethical subroutines.
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MayabirdPecking at the keyboardRegistered Userregular
Remember Jack Abramoff, super-corrupt W. Bush lobbyist/crony who was in all sorts of scandals connected to all sorts of Republican leaders at the time, who then got thrown under the bus to protect the webs of corruption he'd woven and actually went to jail for a while? Yeah, I know, the Before Time when people pretended that anti-corruption mattered and didn't elect the Lord of Corruption as their messiah-president.
Anyway, just brought that up as a reminder of who he was because he's just been charged with cryptocurrency fraud. The man can't stop doing financial crimes, and cryptocurrency is basically "hello please do financial crimes here" so of course he did.
If you like, please feel free to join me in laughing at him for a few seconds.
So what you may not be aware of, is that not only has Bitcoin recovered nearly all of its lost value, many are anticipating it to reach all time highs.
People might be getting the slightest bit uneasy about JPow making the money printer go brrrr for the last 6 months with no end in sight. Precious metals have spiked as well.
But yeah it's starting to feel like there is some 2017 crazyness on the horizon, if it's not already here.
FencingsaxIt is difficult to get a man to understand, when his salary depends upon his not understandingGNU Terry PratchettRegistered Userregular
Fool and money something something
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TetraNitroCubaneThe DjinneratorAt the bottom of a bottleRegistered Userregular
This is my shocked face.
Anyone who thinks cryptocurrency is a way to get rich quickly is right about what it is, and wrong about who's getting rich.
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Donovan PuppyfuckerA dagger in the dark isworth a thousand swords in the morningRegistered Userregular
Had lunch with my Mum the other day, and she asked me "what's this bitcoin thing I keep hearing about?"
I did my best to explain about the similarity to ponzi schemes and the entire crypto market being absolutely saturated with corruption and fraud, and she got the hint.
meh probably still not as efficient as a dedicated asic miner, in general crypto mining has moved beyond consumer GPUs
especially given how much power these ampere cards require
Years ago real companies flirted with taking Bitcoin payments (with the proviso that that was via real-time conversion to real money on an exchange). Are they still going or has that all dried up? I.e. is there any use for Bitcoin etc yet other than illegal transactions and selling to ‘investors’?
Years ago real companies flirted with taking Bitcoin payments (with the proviso that that was via real-time conversion to real money on an exchange). Are they still going or has that all dried up? I.e. is there any use for Bitcoin etc yet other than illegal transactions and selling to ‘investors’?
some companies do but all they do is change it to USD immediately
so expect to pay 25% above USD prices in bitcoin so they can hit the exchange quickly and actually try to get roughly the same amount of money in USD after paying fees and dealing with fluctuating value
bowen on
not a doctor, not a lawyer, examples I use may not be fully researched so don't take out of context plz, don't @ me
When I went to California last year I saw several "Bitcoin ATM"s, which I assume is some combination of immediate conversion on an exchange and a scam, so I guess there's that?
The only big retailer I know of who accepts it directly is NewEgg, which I guess sort of makes sense given they sell a lot of video cards...
Years ago real companies flirted with taking Bitcoin payments (with the proviso that that was via real-time conversion to real money on an exchange). Are they still going or has that all dried up? I.e. is there any use for Bitcoin etc yet other than illegal transactions and selling to ‘investors’?
The Bitcoin blockchain works pretty well when nobody is using it (most days) and like a turd on fire when there's actually any traffic going through it. The second case has happened like twice in its history for periods for like 2 weeks each, but $10+ transaction fees were normal during those times. And it can happen any time with no warning. So not worth supporting for most storefronts.
Ethereum is even worse. There's a ton of shit being built on it right now and in the past few months there have been times where transactions were like $60+.
That "just a god damned idiot" is doing a lot of work, too. There are a lot of enthusiasts who still believe this is the future of fiat currency. Even though every disaster, every exchange absconding with everybody's accounts, every million dollar transaction fee, every market manipulation, is explicitly working as intended, they write it off as just the actions of bad faith actors. Except with real money there is always recourse, and with cryptocurrency there is never recourse.
Also, the reason you see crypto currencies on investment websites now is that they're being used like a stock market in the purest form. Investors are finally coming around to the fact that stocks that don't pay out some kind of revenue share have only the most hypothetical link to the companies they represent, their actual value is based on short term perception and expectation. Crypto exchanges offer a pure form of that, securities with no real connection to ANYTHING and with almost no regulation, allowing people with enough money in them to manipulate them like the vendors in Fable.
The entrepreneurs taking their money is better than the government (who they argue takes it by force) who gives them roads, fire departments, national security, legal systems to recompense people wronged... because sometimes poor people get food and medical coverage on their dime.
In their eyes, the first one gives them more freedom because they can "shop around" even though when you're dealing with the black market your choices are essentially all the same, it's just the illusion of choice that they're after. Essentially, bitcoin enthusiasts are meat in the grinder like people hooked into the matrix.
It's the same libertarian horseshit you see time and again, they want to pay individual at each junction of road because they never use the big highway arterial so why should they pay upkeep on it? Completely missing the forest for the trees because everything you do is connected with everyone else unless you literally buy a hunk of land and never leave or interact with other human beings.
not a doctor, not a lawyer, examples I use may not be fully researched so don't take out of context plz, don't @ me
Libertarianism isn’t some cutting-edge political philosophy that somehow transcends the traditional “left to right” spectrum. It’s a radical, hard-right economic doctrine promoted by wealthy people who always end up backing Republican candidates, no matter how often they talk about civil liberties, ending the wars and legalizing pot. Funny how that works.
It’s the “third way” for a society in which turning against capitalism or even taking your foot off the pedal is not an option. Thanks to our shitty constitution and the most violent labor history in the West, we never even got a social-democratic party like the rest of the developed world.
Their whole ideology is like a big game of Dungeons & Dragons. It’s all make-believe, except for the chain-mail–they brought that from home. Elves, dwarves and fair maidens for capital. Even with the supposedly “good ones”—anti-war libertarians—we’re still talking about people who think Medicare’s going to lead to Stalinism.
So my advice is to call them out.
Ask them what their beef really is with the welfare state. First, they’ll talk about the deficit and say we just can’t afford entitlement programs. Well, that’s obviously a joke, so move on. Then they’ll say that it gives the government tyrannical power. Okay. Let me know when the Danes open a Guantánamo Bay in Greenland.
Here’s the real reason libertarians hate the idea. The welfare state is a check against servility towards the rich. A strong welfare state would give us the power to say Fuck You to our bosses—this is the power to say “I’m gonna work odd jobs for twenty hours a week while I work on my driftwood sculptures and play keyboards in my chillwave band. And I’ll still be able to go to the doctor and make rent.”
Sounds like freedom to me.
And the hard right, well, Trump proved that you indeed can get away with saying the quiet part out loud. So a bunch of Ron Paul "Libertarians" went straight to the MAGA hordes.
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OrcaAlso known as EspressosaurusWrexRegistered Userregular
This Etherium bug pretty much says why Crypto is stupid:
I will payout 1000 LINK (13k $) for help in my problem.
I'm just recovering from a terrible loss, I'm a father and husband, and a few days ago I lost my life savings due to one small mistake and rush. I don't want to bother you with my problems, so I'll go to the details. I accidentally sent 4,000 LINK worth $ 50k to the Ghst Stacking smart contract that does not support the LINK cryptocurrency chain. Theoretically, the contract is immutable, and even its creator Nick Mudge admitted it. However, when I launched the rescue operation, good people came to me who said that there should be a chance to add a LINK sidechain to it, which would allow me to recover all my life savings. All information is contained on this website www.aavegotchi.com, while cale Aavegotchi agrees to cooperate if it turns out that it is possible to do so. Of course, it will cover the cost of your work, I think that it is enough money that "hangs" there that we will be able to agree. I got a link to you as a group that can do Magic. I am begging you for help. Dawid Kaczówka from Poland.
And of course the way to fix it is to:
First, the Chainlink contract could give you your tokens back if it was designed for such an eventuality. Etherscan does not show me the code of their token (just a summary of available ERC20 token functions), but I'm pretty sure that the contract is some version of this: https://github.com/smartcontractkit/LinkToken/tree/master/contracts/v0.6. It's a dead simple contract (as tokens tend to be) and it's designed to do just one thing: keep a big list of which address owns how much. In fact most of the implementation is the battle-tested standard OpenZeppelin ERC20 contract. Chainlink added a few functions to support ERC-677 but that does not change much. I can see no functions that would allow anyone but the owner to transfer funds. And the owner in this case is the Aavegotchi contract.
So the second option would be to make the Aavegotchi contract transfer funds back to you. And there's a ray of hope since the contract that owns the funds is a proxy (implemented as @mudgen's Diamond). If you could somehow get the proxy to register the transfer function of the Chainlink contract as a diamond facet, you (or anyone else) would then be able to call it via the proxy and move the funds as if you were the owner. Aavegotchi, as any diamond, has an admin interface for changing registered functions, called IDiamondCut. The thing is, that interface is disabled (commented-out so it can't really be enabled again). That's great for security of the contract but it's also bad news for you. You can't do it that way. You'd have to find and exploit a pretty serious security hole in Aavegotchi to make it possible and I know @mudgen ran a bug bounty on it so even if there were a hole, it would be unlikely to be an easy one to find.
And hey, just in case you manage to find an exploit, buyer beware:
One more thing. If, against all odds, you do find a way to recover the funds by registering the transfer function with the proxy, please be wary of frontrunners. You might think that if you just quickly enable it and don't tell anyone, you'll be able to quickly transfer it back to your account and no one will have enough time to even notice. This logic does not work on the blockchain. From what I've heard, generalized frontrunners that watch every transaction and check if replacing your address with theirs will benefit them, are pretty widespread. As I said above, the transfer function would be available to anyone so a frontrunner could easily snatch the transaction from you. You can fool them by obfuscating the transaction (e.g. splitting it into two parts in a commit-reveal scheme) but you have to be smart about it.
Why does anybody use this shit again if they aren't trying to do illegal crap?
Is it weird that crypto currencies just, like, created their own language that looks like English but makes no damn sense?
Older-school ones like bitcoin were relatively straight-forward. You didn't need to understand the math, really, to use them.
Etherium, and the etherium-based/etherium-like currencies are less a currency and more a computing platform for which the first use-case was building a cryptocurrency. I can kinda follow that post because I write software for a living but the details specific to Etherium are still opaque. And, like, as a software engineer I don't understand the initial statement. How can you send currency to a contract (a piece of software that acts like an automated account, in this case) that doesn't accept that currency? It seems like saying, "I accidentally paid the gas station attendant with $50,000 worth of casino tokens but the gas station doesn't accept casino tokens so now they're stuck in the cash register." I guess that's maybe the bug Orca was referring to? The whole post seems like a series of really dumb software engineering decisions.
PSN,Steam,Live | CptHamiltonian
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L Ron HowardThe duckMinnesotaRegistered Userregular
Is it weird that crypto currencies just, like, created their own language that looks like English but makes no damn sense?
Older-school ones like bitcoin were relatively straight-forward. You didn't need to understand the math, really, to use them.
Etherium, and the etherium-based/etherium-like currencies are less a currency and more a computing platform for which the first use-case was building a cryptocurrency. I can kinda follow that post because I write software for a living but the details specific to Etherium are still opaque. And, like, as a software engineer I don't understand the initial statement. How can you send currency to a contract (a piece of software that acts like an automated account, in this case) that doesn't accept that currency? It seems like saying, "I accidentally paid the gas station attendant with $50,000 worth of casino tokens but the gas station doesn't accept casino tokens so now they're stuck in the cash register." I guess that's maybe the bug Orca was referring to? The whole post seems like a series of really dumb software engineering decisions.
I think you can send the coins to any valid address, including ones that have been set up specifically to do things other than accept coins. People not paying attention send coins to these addresses quite often, like the poor guy above who sent his life savings to one. Theoretically they should be lost forever when you do that because when they deploy these contracts they aren't supposed to be changeable on the fly for security reasons. But then the devs figured out that by bringing in another blockchain and <insert crypto technical jargon> they CAN recover the funds! Wait so the thing that was supposed to be secure and unchangeable can actually be changed easily? What's going on here?
The thing that concerns me most about the final section addressing the guy's problem is the existence of these "frontrunners that watch every transaction and check if replacing your address with theirs will benefit them". That seems like a really big problem!
It also disgusts me that bitcoin itself is apparently at an all-time high "value" on the exchanges. This bullshit wastes tons of resources to do something that other options do faster and cheaper (and probably more securely), yet tons of people are super into it regardless. The simple fact that you can send your crypto crap to an address that doesn't accept them, and then they are (theoretically) gone forever instead of bouncing back is a problem so basic that it should have never come up.
Posts
And then spend the money.
Or at least that's what I assume all this ransomware is doing cause I don't see how you get the money out of the Bitcoin ecosystem otherwise.
Yeah. Monero's for crime.
Hackers have been targeting supercomputers, with the end-goal of using those machines to mine cryptocurrency.
Hire a hacker to remove the ethical subroutines.
Anyway, just brought that up as a reminder of who he was because he's just been charged with cryptocurrency fraud. The man can't stop doing financial crimes, and cryptocurrency is basically "hello please do financial crimes here" so of course he did.
If you like, please feel free to join me in laughing at him for a few seconds.
But yeah it's starting to feel like there is some 2017 crazyness on the horizon, if it's not already here.
Someone started a cryptocurrency and then quickly cashed out for $13million, which then cause the cryptocurrency to crash 80% in value.
The new twist, I guess, is that the coin code was open source and was an exact copy of a different coin.
Anyone who thinks cryptocurrency is a way to get rich quickly is right about what it is, and wrong about who's getting rich.
I did my best to explain about the similarity to ponzi schemes and the entire crypto market being absolutely saturated with corruption and fraud, and she got the hint.
especially given how much power these ampere cards require
some companies do but all they do is change it to USD immediately
so expect to pay 25% above USD prices in bitcoin so they can hit the exchange quickly and actually try to get roughly the same amount of money in USD after paying fees and dealing with fluctuating value
The only big retailer I know of who accepts it directly is NewEgg, which I guess sort of makes sense given they sell a lot of video cards...
The Bitcoin blockchain works pretty well when nobody is using it (most days) and like a turd on fire when there's actually any traffic going through it. The second case has happened like twice in its history for periods for like 2 weeks each, but $10+ transaction fees were normal during those times. And it can happen any time with no warning. So not worth supporting for most storefronts.
Ethereum is even worse. There's a ton of shit being built on it right now and in the past few months there have been times where transactions were like $60+.
Hey, whoa, hey
No need to discriminate like that
They could also be a drug kingpin, a child pornographer, an arms dealer, doing murder for hire or just a god damned idiot.
Also, the reason you see crypto currencies on investment websites now is that they're being used like a stock market in the purest form. Investors are finally coming around to the fact that stocks that don't pay out some kind of revenue share have only the most hypothetical link to the companies they represent, their actual value is based on short term perception and expectation. Crypto exchanges offer a pure form of that, securities with no real connection to ANYTHING and with almost no regulation, allowing people with enough money in them to manipulate them like the vendors in Fable.
In their eyes, the first one gives them more freedom because they can "shop around" even though when you're dealing with the black market your choices are essentially all the same, it's just the illusion of choice that they're after. Essentially, bitcoin enthusiasts are meat in the grinder like people hooked into the matrix.
It's the same libertarian horseshit you see time and again, they want to pay individual at each junction of road because they never use the big highway arterial so why should they pay upkeep on it? Completely missing the forest for the trees because everything you do is connected with everyone else unless you literally buy a hunk of land and never leave or interact with other human beings.
And the hard right, well, Trump proved that you indeed can get away with saying the quiet part out loud. So a bunch of Ron Paul "Libertarians" went straight to the MAGA hordes.
https://github.com/ethereum/solidity/issues/10616
And of course the way to fix it is to:
And hey, just in case you manage to find an exploit, buyer beware:
Why does anybody use this shit again if they aren't trying to do illegal crap?
Gambling addiction, paranoid delusion, and/or a lack of understanding of how money works outside of the abstract.
The one person I know who tries to talk up bitcoin is a fan of the gold standard.
They're the Sovereign Citizen of currencies.
Origin ID: Discgolfer27
Untappd ID: Discgolfer1981
Older-school ones like bitcoin were relatively straight-forward. You didn't need to understand the math, really, to use them.
Etherium, and the etherium-based/etherium-like currencies are less a currency and more a computing platform for which the first use-case was building a cryptocurrency. I can kinda follow that post because I write software for a living but the details specific to Etherium are still opaque. And, like, as a software engineer I don't understand the initial statement. How can you send currency to a contract (a piece of software that acts like an automated account, in this case) that doesn't accept that currency? It seems like saying, "I accidentally paid the gas station attendant with $50,000 worth of casino tokens but the gas station doesn't accept casino tokens so now they're stuck in the cash register." I guess that's maybe the bug Orca was referring to? The whole post seems like a series of really dumb software engineering decisions.
You just need a bit of luck, and to not be the last one without a chair when the music stops.
I think you can send the coins to any valid address, including ones that have been set up specifically to do things other than accept coins. People not paying attention send coins to these addresses quite often, like the poor guy above who sent his life savings to one. Theoretically they should be lost forever when you do that because when they deploy these contracts they aren't supposed to be changeable on the fly for security reasons. But then the devs figured out that by bringing in another blockchain and <insert crypto technical jargon> they CAN recover the funds! Wait so the thing that was supposed to be secure and unchangeable can actually be changed easily? What's going on here?
Rock Band DLC | GW:OttW - arrcd | WLD - Thortar
It also disgusts me that bitcoin itself is apparently at an all-time high "value" on the exchanges. This bullshit wastes tons of resources to do something that other options do faster and cheaper (and probably more securely), yet tons of people are super into it regardless. The simple fact that you can send your crypto crap to an address that doesn't accept them, and then they are (theoretically) gone forever instead of bouncing back is a problem so basic that it should have never come up.