Looks like #crypto is screwing up #nigeria 's #economy https://www.theguardian.com/technology/2.. The problem is, people use it to #bypass #taxes and then the #government can't be effective... #coins are *begging* for #regulation - it's very clear that any form of #capitalism *will not work* if there is no #market #regulation ! And they want to introduce #britcoin in the #uk !
@barray on Sat Jun 19 04:15:44 UTC 2021 said: &eLatest video on the #crypto #scam from #coffeezilla regarding the ' #savethekids ' #coin #pumpanddump https://www.youtube.com/watch?v=3Xw9rWmT.. Very interesting indeed. People are for sure going to #jail ... This is some next level #fbi level #investigation type work.Nice, #coffeezilla got #hackernews #frontpage https://news.ycombinator.com/item?id=275.. This was regarding his video on #tether and the #scam they appear to be running over there. If #tethercoin falls, it will mean big ripples in the #crypto market as it's the main way to get #usd out.
I have seen the #xorshift #algorithm for #rng before, it seems to be pretty damn fast: https://thompsonsed.co.uk/random-number-.. It's not #crypto #secure and does suffer some #repeat problems: https://www.pcg-random.org/posts/xoshiro.. But in general it is pretty good and combined with a high #entropy source it could be relatively #random too.
The concept of #britcoin is quite concerning: https://www.youtube.com/watch?v=fWCsAKqy.. As I said previously, #crypto #coin and the like are just a #pyramidscheme and failure waiting to happen. A single #bitflip or coding #bug could bankrupt the entire #nation ! This is unbelievably dangerous and irresponsible.
I'm hearing worse and worse things about the #brave #browser https://www.androidpolice.com/2020/06/07.. Apparently it can now add their own #referralcode to #crypto #transactions to earn money for the #developers ... The warning sign for me was always that #youtubers started promoting the browser in their videos...
Hmm, seems like #telegram is not nearly as #secure as they make out: https://www.cyberscoop.com/telegram-app-.. Still, at least there are no glaring holes discovered. This is again why you should be so careful when rolling your own #crypto ...
I also keep trying to wan people about the perils of the #crypto market, but I suspect I have reached zero people so far: https://www.barrons.com/articles/jackson.. It is entirely a #pyramidscheme and the only way to make money is to get in early or be a big player (both of which go hand in hand). Any #coin that is not a #scam yet will go to zero in the future - it only takes one #flipped bit or one piece of bad #code to destroy it all.
Apparently the #police out in #malaysia used a #steamroller to crush #bitcoin #crypto #mining rigs: https://www.vice.com/en/article/7kv739/p.. They say that the devices had been stealing #electricity for their operations.
Another #crypto - this time #safedollar - goes to zero: https://cryptoslate.com/safedollar-stabl.. *It just keeps happening.* This time it was an exploit that was found. When will they learn?
One of the largest owners of #crypto #bitcoin dies at the age of 41: https://www.marketwatch.com/story/one-of.. Side #theory - somebody out there is killing large holders of Bitcoin to rise the price against actions #china ... Somebody holding over a billion dollars in #bitcoin would certainly be financially motivated to do it...
I suspect that #crypto was one of the things that came up in the G7 meeting, as there is currently a global shift to get rid of it: https://www.bloomberg.com/news/articles/.. I'm not even made either, the average person is set to lose a lot of money in a market they have no understanding of and protection from.
#chia #crypto #mining is killing the availability of #drives and meaning that getting a #warranty is becoming more difficult: https://www.tomshardware.com/news/crucia.. #crucial looks like they will begin voiding warranty very soon for people who do use their drives for mining.
@barray on Wed Jun 16 01:48:09 UTC 2021 said: &eNice, #coffeezilla got #hackernews #frontpage https://news.ycombinator.com/item?id=275.. This was regarding his video on #tether and the #scam they appear to be running over there. If #tethercoin falls, it will mean big ripples in the #crypto market as it's the main way to get #usd out.So apparently the #tethertoken (and #bitfinex too) - the #crypto pumping the price of #bitcoin is actually a #scam https://youtube.com/watch?v=-whuXHSL1Pg Seems like this entire house of cards could come tumbling down rather soon.
I have a #theory that #coins are about to be taken out of circulation in favour of #microtransactions https://aardvark.co.nz/daily/2021/0618.s.. I believe we will first see the banning of #crypto and then a government-backed version will emerge from the likes of #visa or #mastercard - after which will become #microtax on person to person transactions. Watch this space, I really believe it will happen.
Another #crypto #stablecoin dies, this time it's #ironcoin https://irony-97882.medium.com/the-melti.. Apparently it was caused by an #offbyone #bug - ouch!
@barray on Wed Jun 16 01:48:09 UTC 2021 said: &eAnd now the rest of the world catches up, #crypto may possibly be doomed: https://cryptoslate.com/legal-expert-say.. Looks like #tether and #binance #coin are an exceptional danger to the market. This could take years to unravel as yet.So apparently the #tethertoken (and #bitfinex too) - the #crypto pumping the price of #bitcoin is actually a #scam https://youtube.com/watch?v=-whuXHSL1Pg Seems like this entire house of cards could come tumbling down rather soon.