A fool and his not-really-money are soon parted
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My buddy who was trying to build the PC-based crypto miner has purchased a Bitmain Antminer A3.
The good news is A3s only cost about $1000.
Who knows if he'll break even with this thing...
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@luhmann said in A fool and his not-really-money are soon parted:
More ways to lose your fake money
From the article:
Wednesday's post said Satori "works primarily on the Claymore Mining equipment that allows management actions on 3333 ports with no password authentication enabled (which is the default config)."
Because why wouldn't you sell your equipment configured for remote management by anyone who cares to try?
Really, not even a stupid default password? At least that would look like you recognised that you should probably try to make an effort, even if you couldn't be bothered actually doing it. No password at all just says "we don't care even a tiny little bit once you've bought the thing". Or "We don't expect this bubble to last long enough to need to care about repeat customers."
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@scarlet_manuka said in A fool and his not-really-money are soon parted:
Or "We don't expect this bubble to last long enough to need to care about repeat customers."
What's that? You've stopped making money off of bitcoin? Your miner must be busted; come by the store and purchase a new one.
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@scarlet_manuka said in A fool and his not-really-money are soon parted:
Because why wouldn't you sell your equipment configured for remote management by anyone who cares to try?
Why the fuck would you put it on an open network to start with?
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@dkf Because it's then closer to the Internet?
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@scarlet_manuka If "Claymore mining equipment" refers to the Claymore mining software, then they've fixed that open port issue weeks or months ago.
AFAIK, "Claymore" is the handle of a guy who makes various mining software for Ethereum, it's not a piece of hardware. Maybe I'm the idiot, who knows.
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@greybeard said in A fool and his not-really-money are soon parted:
And, really, who cares at what level of government the tax is levied? It still has to be paid.
If it is a federal tax you can't move to another state and escape it.
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@lorne-kates said in A fool and his not-really-money are soon parted:
@greybeard said in A fool and his not-really-money are soon parted:
@bb36e I’ll pay you three Greycoin to write my name on your forehead.
Hey @bb36e: I'll pay you FOUR Greycoins to carve your name on @Greybeard 's head.
I will pay Five Greycoins if it is burned in to his head with a soldering iron.
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Looks like Samsung saw the gold in selling pickaxes.
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@polygeekery said in A fool and his not-really-money are soon parted
If it is a federal tax you can't move to another state and escape it.
You could move to another country, renounce citizenship, and escape it.
Moving is expensive and inconvenient. It also tends to interfere with your current income source.
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@greybeard said in A fool and his not-really-money are soon parted:
@polygeekery said in A fool and his not-really-money are soon parted
If it is a federal tax you can't move to another state and escape it.
You could move to another country, renounce citizenship, and escape it.
Moving is expensive and inconvenient. It also tends to interfere with your current income source.
Yes, but if it is not a federal tax then the move is a lot easier and more likely to be done.
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@greybeard said in A fool and his not-really-money are soon parted:
@polygeekery said in A fool and his not-really-money are soon parted
If it is a federal tax you can't move to another state and escape it.
You could move to another country, renounce citizenship, and escape it.
But you'd still be liable for 5 years of taxes. Because the US tax system just wants the money. It's an absolutely bonkers system.
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@polygeekery But still not very likely, at least not for tax purposes. California, for example, still has a couple of people left.
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A malicious user could enable a second account to sell coins from the first account. However, the sold coins from the first account would be taken off the second account’s balance. The resulting (unsigned) integer underflow would leave the second account with an extremely large balance of PoWH Coins.
[I]f an empty second account used to make this transfer, and only one PoWHCoin is sent, the second account’s balance will underflow to 1.1579E77 or 2^256 — 1.
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@dcoder There's lots I don't get about cryptocurrency, but how would you actually convert back to Ethereum once you've dumped some money in this coin?
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@jbert (as I understand it) This coin is a token on the Ethereum blockchain, not an independent cryptocurrency. You can freely convert Ethereum to PoWH and back the same way you can convert gallons to liters.
As opposed to conversions between different cryptocurrencies, like Tether→Bitcoin, where you need a "bigger idiot" to buy Tethers from you.
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@dcoder I was under the impression that a lot of Ethereum-related cryptocurrencies are just Ethereum with a custom standard contract.
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@dkf I think we're talking about the same thing. A token, like PoWH here, is basically an Ethereum "smart" contract + a conversion rate against Ether + a catchy name.
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@sockpuppet7 Dang, the Windows 2016 Server requirement is a deal-breaker. Otherwise I'd see nothing wrong with taking his $5k and delivering something he could not distinguish from what he is requesting.
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@kian said in A fool and his not-really-money are soon parted:
@sockpuppet7 Dang, the Windows 2016 Server requirement is a deal-breaker. Otherwise I'd see nothing wrong with taking his $5k and delivering something he could not distinguish from what he is requesting.
How will he even know what server you're using to develop on?
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Summary:
- Wallets need an 81 character seed for private key
- Dude creates an iota seed generator, puts it in GitHub so people will trust "open source"
- Puts up a website to run that code and generate seeds
- Makes a malicious change to some .js library, which modifies Math.Random to always use a known seed
- Thus he knows the private keys of anyone who uses his tool
- Waits 6 months, then hits up every wallet he has a key for and fucks off.
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Currently, the iotaseed.io website now features a message that reads: "Taken down. Apologies."
Wow. So there's actually an apology, close to "sorry for no longer scamming you out of your money - have a nice day".
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@jbert said in A fool and his not-really-money are soon parted:
Currently, the iotaseed.io website now features a message that reads: "Taken down. Apologies."
Wow. So there's actually an apology, close to "sorry for no longer scamming you out of your money - have a nice day".
I guess it's one step above "penis".
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@deadfast said in A fool and his not-really-money are soon parted:
@jbert said in A fool and his not-really-money are soon parted:
Currently, the iotaseed.io website now features a message that reads: "Taken down. Apologies."
Wow. So there's actually an apology, close to "sorry for no longer scamming you out of your money - have a nice day".
I guess it's one step above "penis".
Eh, I don't know. I would give 7/10 for "penis" - pretty great way to say goodbye and laugh in the faces of scammed idiots, short, witty and to the point. Apologies can get 4/10 tops, and only if its clever. Here I see a mere 2/10, only one point above just taking down the server completely.
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@mrl what would be 10/10?
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@pie_flavor Embedded, autoplaying, unpausable 1Guy1Jar?
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@deadfast said in A fool and his not-really-money are soon parted:
I guess it's one step above "penis".
http://maplecoin.io
Penis, sorry.
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@e4tmyl33t said in A fool and his not-really-money are soon parted:
@pie_flavor Embedded, autoplaying, unpausable 1Guy1Jar?
Either a repeating meatspin.gif background, or a clone of the original hampsterdance site.
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@anotherusername You could also redirect to https://www.lingscars.com/
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@pie_flavor said in A fool and his not-really-money are soon parted:
@mrl what would be 10/10?
Explaining in bitcoin-speak why money are gone and inviting victims to new site. Where they get scammed again, of course.
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@blakeyrat as a Type 1 Diabetic, I would like to thank you for your outrage. That's just a dick move.
Also, as a guy who actually works at MicroCenter... Fuck those guys. The whole reason we sell cards so cheap is so people can build a good system without spending an arm and a leg.
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@hungrier said in A fool and his not-really-money are soon parted:
"...So explain why you need a new monitor again?"
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@mrl said in A fool and his not-really-money are soon parted:
@pie_flavor said in A fool and his not-really-money are soon parted:
@mrl what would be 10/10?
Explaining in bitcoin-speak why money are gone and inviting victims to new site. Where they get scammed again, of course.
What about the classic "lawyer starting a class action took over the site, send funds here" gambit?
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@mrl Though I must admit that the original owner of the site posting a message like "hey, thieves stole 'our' money, I've started a new site here" is the clear winner here.
Anyone gullible to fall for that should get a fool's license.
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@sockpuppet7 said in A fool and his not-really-money are soon parted:
@adynathos It's not, but we need enough greater fools for it to be profitable.
Isn't that also the defining property of Ponzi schemes?
(INB4 Actually, no, Ponzi schemes require ever-growing fool pools. The amounts being sheared from each sheep don't need to go up, you just need to keep doubling the number of suckers at each level. It's actually a common warning sign that the 'investment opportunity' is a Ponzi scheme on it's last legs when the amount they ask for decreases, as it indicates that the pyramid is about to implode and the primary is desperate to fill a level that is close to - or past - the saturation point.)
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@sloosecannon Look at the bright side. A higher price means more of that sweet sweet 0.5% commission if the cashier doesn't just scan POOL (like all of them do).
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@twelvebaud said in A fool and his not-really-money are soon parted:
@sloosecannon Look at the bright side. A higher price means more of that sweet sweet 0.5% commission if the cashier doesn't just scan POOL (like all of them do).
...
Huh.
(that's my job, I always look for a sticker :P )
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@scholrlea It's more like a investment bubble. In the end the result is the same, when you run out of fools it goes to hell.
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@mrl said in A fool and his not-really-money are soon parted:
@pie_flavor said in A fool and his not-really-money are soon parted:
@mrl what would be 10/10?
Explaining in bitcoin-speak why money are gone and inviting victims to new site. Where they get scammed again, of course.
ï…š "Are you victim of cryptocoin scam? plz join my new cryptocoin. for every coin you mine i will send you 1 bitcoin. plz send me ur wallet."
That's an amazing idea! I will sign up for NotScamCoin.io-- umm, what password should I use. I can't remember all these passwords. I'll just use the password I use everywhere, including my Bitcoin wallet"
ï…š {takes password, empties bitcoin wallet, fucks off}
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@lorne-kates Good but bitcoin wallets don't even have passwords, they're just private keys. Anybody you gets your key gets your wallet.
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Status:
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@tsaukpaetra Block resources from
authedmine.com
to fix this.
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@tsaukpaetra at least, they ask for permission.
If only all the other ones did the same
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@blakeyrat said in A fool and his not-really-money are soon parted:
@lorne-kates Good but bitcoin wallets don't even have passwords, they're just private keys. Anybody you gets your key gets your wallet.
ï…š NotScamCoin.io iz also key management tool. upload private key for safe!!! if u have key on ur computer and lose computer all ur bitcoinz $$$ gones.
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I wish browsers would have per-tab cpu throttling.
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@timebandit said in A fool and his not-really-money are soon parted:
CBS's Showtime caught mining crypto-coins in viewers' web browsers
The people who were effected by this were morons for two reasons:
- Not running NoScript by default to block unknown 3rd party scripts
- Actually watching a TV "online" on a shitty, stuttering, low quality video player on a shitty website run by shitheads.
Fake Edit: 2a) As per 2, but it's also a PAID service.
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@adynathos said in A fool and his not-really-money are soon parted:
I wish browsers would have per-tab cpu throttling.
THEY SHOULDN'T FUCKING NEED IT. THE FACT THAT WE'RE EVEN THINKING ABOUT SUCH A THING MEANS THAT THE WEB HAS ESCAPED ALL REASONABLE BOUNDS--
*takes a Xanax*
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@lorne-kates said in A fool and his not-really-money are soon parted:
The people who were effected by this were morons for two reasons:
By the downvote, I assume one of you is an idiot who watches TV shows in a browser on a website over a laggy connection.
Let me respond by saying:
HAHAHAHAHAHAHAHAAHAHAHAHHAHAHAHAHAHAAHHAAHAHAH MORON!