A fool and his not-really-money are soon parted
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@admiral_p Ah yes, the good old Fix It Again, Tony.
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@pie_flavor FWIW, Fiat is either the car manufacturer that has won most Car of The Year awards or one of the Top 3 (can't remember). The Fiat Panda was extremely spartan and generally dependable or easy to fix. They had a really bad streak from the late '90s and the mid '00s (the Fiat Bravo/Brava, the Fiat Stilo and other similar cars were failures) but then they decided to focus on what they do best (small city cars). If the Top Gear lads like 'em...
I'm still quite mad for how they made Lancia rot and eventually die.
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@admiral_p said in A fool and his not-really-money are soon parted:
@dkf HEY! DON'T YOU DARE! The old Fiat Panda (the only true Fiat Panda) is the best car ever made.
Only surpassed by the Seat Marbella.
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@pie_flavor said in A fool and his not-really-money are soon parted:
@admiral_p Ah yes, the good old Fix It Again, Tony.
Fix or Replace Daily
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@dcoder said in A fool and his not-really-money are soon parted:
To achieve remote code execution on a targeted node, all an attacker needs to do is upload a maliciously crafted WASM file (a smart contract) written in WebAssembly to the server.
As soon as the vulnerable process parser reads the WASM file, the malicious payload gets executed on the node, [...]Wow, and only 3 months since our LAST discussion about how fart-stupidly idiotic "smart contracts" are.
On and around here:
https://what.thedailywtf.com/post/1324979
When, inevitably, a bug was exploited in the biggest smart contract logic and the attackers swiped $50M (edit: other sources say $40M or $60M, presumably due to different exchange rates at the time) worth of Ether, the community hemmed and hawed about respecting or reverting those transactions. Ultimately they forked Ethereum into two blockchains: "Ethereum Classic" which treated the hacks as legit transactions and just continued unchanged, and "Ethereum" which rolled the entire blockchain back to the point just before the hacks.
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A list of Ethereum scams:
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@dcoder said in A fool and his not-really-money are soon parted:
A list of Ethereum scams:
Why do I have a feeling that if I visit that site, I'm going to get a virus?
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@lorne-kates It's scams all the way down.
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Don't have time for a "what fucked up in cryptocurrency today" post, so here's a Representative Screenshot instead.
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Aaaaand another $20M went poof …
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@dcoder Yeah that's a big thing with Bitmain miners. Lots of port scanners out there looking for their web interfaces.
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Earlier this morning, a smart contract bug was first discovered in Yggdrash (YEED) that allowed anyone except the contract creator to enable and disable token transfers for everyone.
A short while later the same bug was found in the Icon (ICX) smart contract. A few minutes ago, someone began spamming the contract with disable transfer transactions.
ICX is unable to be moved from any wallet at this point.edit: And now Binance has suspended ICX withdrawls and deposits.
edit2: Binance has re-enabled the ICX wallet. Currently token transfers are enabled but may be disabled by the smart contract and anyone with the gas to send in the command.
edit3: looks like it was found first by these guys at 3:30pm PST according to their twitter
edit4: Icon team says issue is resolved. How? By them spamming enable transfer every minute. All it takes is one bad actor who wants to stop transfers and knows how to win a mining war and their fix will stop working.
(emphasis mine)
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𝄞 Blockchain bridges falling down, falling down, falling down… ♫
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In a forum post published Tuesday, the sole maintainer of the Windows zcash wallet software, D. Jane Mercer, said he was going to cease development of the clients and release a zcash competitor "rebranded as another coin," if he didn't get further funding for his work.
See, last year Mercer was living off developer fees and donations for his work on the clients, but according to the post, the money had run out and he had been working for free for some time.
As such, Mercer decided to use the idea he might split the cryptocurrency as a way to air his frustrations.
[...]
And payment came. The zcash community quickly stepped to financially support the developer after the threat – at least for a little while. The amount donated to Mercer by several anonymous zcash addresses is currently at 80 ZEC, around $15,360, according to current metrics.
[...]
For independent developers like Mercer, though, relying on crypto and its volatile markets to continue contributing code can be crushing. Zcash in particular was hit hard this year, down from $876 per coin in January to $192 at the time of writing."The bear market really killed me," Mercer said. "You know ... when the blood spilling happened, I woke up and 25 percent of my money was gone."
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Fool update:
Remember Bytom? When the ASIC miners launched, it was estimated to pay for itself in something like 15 days?
Yeah, here's the actual numbers:
The price of Bytom has been dropping. The difficulty of Bytom has been increasing (and thus the amount mined each day has been dropping). At the current rates, and considering power costs, this is the last profitable month to run the machine.
In about 20 days it'll be a big aluminum brick.
Wheeeeee.
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@blakeyrat said in A fool and his not-really-money are soon parted:
In about 20 days it'll be a big aluminum brick. That makes you warm.
ATFY
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Looks like @Lorne-Kates will have material for years:
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@izzion
Also, the money shot buried at the end of the article:A previous study also found that 81% of recent ICOs were scams, which might explain why most ICO organizers didn't bother with security.
So, your ICO is more likely to be secure than to not be a scam
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A while back, Bitcoin implemented Lightning Network, which is supposed to be a "second layer" on top of a blockchain, fixing a lot of its rough edges, such as shitty transaction throughput. Some redditors tried to use it:
Source: @ButtCoin
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@dcoder said in A fool and his not-really-money are soon parted:
By them spamming enable transfer every minute.
....
I
....
wat
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So many wtfs in this one. This is supposed to be the Payments Of The Future, right?
@dcoder said in A fool and his not-really-money are soon parted:
In a forum post published
A forum post. That's like if I was a member of parliament and announced a new health care policy HERE.
@dcoder said in A fool and his not-really-money are soon parted:
the sole maintainer of the Windows zcash wallet software
sole. maintainer. One guy. "Bob's Bank". Holy fuck.
@dcoder said in A fool and his not-really-money are soon parted:
if he didn't get further funding for his work.
This "Financial Institution of the Future" is literally funded by "Fuck you, give me money"
@dcoder said in A fool and his not-really-money are soon parted:
the zcash community quickly stepped to financially support the developer after the threat
"Today, Bob of Bob's Bank robbed Bob's Bank to keep Bob's Bank open."
@dcoder said in A fool and his not-really-money are soon parted:
The amount donated to Mercer by several anonymous zcash addresses is currently at 80 ZEC, around $15,360
And the community says "Fuck you" right back by paying him with fake pretend play money!
@dcoder said in A fool and his not-really-money are soon parted:
I woke up and 25 percent of my money was gone
AND THIS IS THE INDUSTRY YOU CONTINUE TO WORK IN! AND THIS IS THE CURRENCY YOU JUST ACCEPTED YOUR SALARY IN!
HAHAHAHAHAHAHAHAHAHAH!
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@blakeyrat said in A fool and his not-really-money are soon parted:
In about 20 days it'll be a big aluminum brick.
Can you mod it to run Angry Birds?
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Bitcoin declined as much as 4.2 percent to $5,791 on Friday, the lowest level since November, according to Bloomberg composite prices. It traded at $5,878 as of 10:33 a.m. in New York, down 59 percent for the year and heading for a second-quarter loss of 14 percent. Other coins including Ether and Litecoin slumped more, while the combined value of tokens tracked by CoinMarketCap.com declined to $236 billion. At the peak of crypto-mania, they were worth about $830 billion.
♪ Die, die, die my darling
Just shut your pretty eyes
I'll be seeing you again
Yeah, I'll be seeing you, in hell
So don't cry to me oh baby
Your future's in an oblong box
Don't cry to me oh baby
You should have seen it a-coming on ♫
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A fitting companion to the previous post, a looooong list of coins that have already flamed out:
Displaying 1 - 50 of 830
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@dcoder said in A fool and his not-really-money are soon parted:
they were worth about $830 billion.
Wait, how do you valuate not-really-money in a monetary measure? :/
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@dcoder said in A fool and his not-really-money are soon parted:
A fitting companion to the previous post, a looooong list of coins that have already flamed out:
Displaying 1 - 50 of 830
I'm going to start a service where people can pay to convert their dead coins to another cryptocoin **
** any other coin on that list
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IOTA, previously noted for rolling their own triskaidekaphobic cryptography, demonstrates their galaxy-sized brain again.
Source: @SarahJamieLewis
in October of 2017 a bug was found in the early normalization code for IOTA transaction signature bundles
The IOTA open source community quickly came together to develop a patch for this bug. Over the course of three days, the coordinator was shut down (to make it more difficult for any brute force attacks to be confirmed), a patch was deployed, and the community of full node operators reached a consensus to [...] carry out a snapshot that would essentially wipe out the effects of the bug by sweeping the at-risk tokens to new, safe addresses from which they could be returned to the original owners via a reclaim process.
Many users have already received their tokens back through the reclaim process, while others are still waitingThe fact that IOTA is a public, permissionless distributed ledger means that users can create wallets, obtain IOTA tokens, and send and receive transactions via the Tangle without ever having to notify or share their personal details with anyone.
For this reason, the IOTA Foundation has contracted third-party vendor IDnow to perform identity verifications on the wallet owners. This will help us determine who is the valid owner of the disputed reclaims and return the tokens to their rightful owners.
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@dcoder said in A fool and his not-really-money are soon parted:
snapshot that would essentially wipe out the effects of the bug by sweeping the at-risk tokens to new, safe addresses
o wow
"Hey, everyone. The bank just discovered that the model of safety deposit box we use-- yeah, anyone can just pick them with a simple bump. We didn't want someone to just stroll in and steal everyone's items, so here's what we did. We brought in a big dumpster, right? And what we did is open everyone's box, and just dumped everything into a big pile in the dumpster. Then we locked THAT dumpster and fixed all the deposit boxes.
Anyways, we've fixed that security bug. So if everyone can just come collect their stuff. We realize it may be hard, since it's all just in a pile. But we hired a company, some random old company off Craigslist. All you have to do is give them all your personal information, and then PROVE that you owned your stuff. Then you can get your stuff back. I know that these were anonymous safety deposit boxes specifically designed to protect you and your identity, but-- yeah, whatever. Don't worry, I'm sure this guy will keep your identity and stuff a secret."
@dcoder said in A fool and his not-really-money are soon parted:
For this reason, the IOTA Foundation has contracted third-party vendor IDnow to perform identity verifications on the wallet owners.
hmmmmmm... I wonder who this IDNow peoples are. o google!
https://i.imgur.com/j6cl9ms.png
Off to a good start.
Well, they make a product called Crypto-Ident, which I guess is the product. Some sort of "KYC" product? Is that chicken friend is herbs, spices and anal lube?
Anyways, what is this thing? There's a video about it. I'm not going to watch it, even though it stars @apapadimoulis
https://i.imgur.com/vXfjwZx.png
Hmm, what else-- press release, press release, advertisement, obviously faked "review"... okay, here's something on a bitcoin forums...https://bitcointalk.org/index.php?topic=1835484.0 ... just a post saying "it's not working", with no replies.
14th rank in google is a forum that lists the steps needed to get your wallet back.
https://cryptoyum.com/discussions/iota-reclaim-identification-verification-process/
And oh what a process:
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Go to a "microsite" run by iota. At least they put it as an actual subdomain kyc.iota.org. Equifax could learn something from them
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Read some boilerplates
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enter the private seed of the wallet you're claiming
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(lol "Yeah, you should never give your private seed to anyone, but hey, you've already lost your wallet, so whatever")
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It hashes the seed and starts a session with IDNow
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Which is apparently a video chat where you give over all your PII
Full name
Date of birth
Place of birth
Nationality
Street address
Email
Phone number
Passport or national ID card
Piece of paper and pen or pencil
Device capable of taking a digital photo -
Wait 30 days for them to do whatever
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Maybe get your wallet back
And after all that, I still don't know who this IDNow company is.
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@lorne-kates said in A fool and his not-really-money are soon parted:
"Hey, everyone. The bank just discovered that the model of safety deposit box we use-- yeah, anyone can just pick them with a simple bump. We didn't want someone to just stroll in and steal everyone's items, so here's what we did. We brought in a big dumpster, right? And what we did is open everyone's box, and just dumped everything into a big pile in the dumpster. Then we locked THAT dumpster and fixed all the deposit boxes.
Anyways, we've fixed that security bug. So if everyone can just come collect their stuff. We realize it may be hard, since it's all just in a pile. But we hired a company, some random old company off Craigslist. All you have to do is give them all your personal information, and then PROVE that you owned your stuff. Then you can get your stuff back. I know that these were anonymous safety deposit boxes specifically designed to protect you and your identity, but-- yeah, whatever. Don't worry, I'm sure this guy will keep your identity and stuff a secret."And this is the second time Iota's done something like this. The first time it was at least mildly entertaining to see the Iota team blogging about new features and users commenting, "Yeah, that's cool. Hey, so I initiated the reclamation process a month ago... am I going to get my iotas back anytime soon?"
This time around I suspect it's just going to be sad to see.
Edit: Actually, I think it's still the first time around and this process is still dragging on from October of last year. I find it entertaining that it's nowhere to be found in the Year in Review.
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@lorne-kates
My money is 3 letter agency.
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@lorne-kates said in A fool and his not-really-money are soon parted:
A forum post. That's like if I was a member of parliament and announced a new health care policy HERE.
Or the people Raymond Chen occasionally complain about, who take something mentioned off-hand on The Old New Thing as official Microsoft policy.
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@izzion said in A fool and his not-really-money are soon parted:
My money is 3 letter agency.
I keep wishing there was an agency named with the 3 letters WTF…
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@dkf: Be careful what you wish for...
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@rhywden said in A fool and his not-really-money are soon parted:
@topspin 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:
When the Pirate Party gets into Parliament, you know your country is simultaneously going down the shitter and getting a whole lot more fun.
Meh, depends, "pirate party" is probably too different across implementations in several countries to generalize.
When the pirate party here started getting traction, it was IMO basically synonymous with "The only people who understand technology and care about civil liberties", e.g. the only ones who understand the problems with voting machines. Unfortunately, just when they started becoming more main-stream visible and entering small local parliaments they got invaded by a bunch of SJWs looking for a "liberal" home (see civil liberties above), which drove the whole party into the ground with bullshit.
Over here they got invaded by right-wing extremists and people who'd probably now call themselves "incels". Result was the same.
And in Sweden, where if I'm not mistaken all the pirate partying started out, we already have parties for all the fucktards so the pirate party has been left to their own devices and sortof just quietly vanished into obscurity.
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@lorne-kates said in A fool and his not-really-money are soon parted:
@dcoder said in A fool and his not-really-money are soon parted:
A fitting companion to the previous post, a looooong list of coins that have already flamed out:
Displaying 1 - 50 of 830
I'm going to start a service where people can pay to convert their dead coins to another cryptocoin **
** any other coin on that list
Not a half bad idea. Charge them real money for the transaction and you might actually have an idea.
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Beenz and Flooz weren't cryptos, but still a lot of fools and money-parting going on there.
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@carnage said in A fool and his not-really-money are soon parted:
@lorne-kates said in A fool and his not-really-money are soon parted:
@dcoder said in A fool and his not-really-money are soon parted:
A fitting companion to the previous post, a looooong list of coins that have already flamed out:
Displaying 1 - 50 of 830
I'm going to start a service where people can pay to convert their dead coins to another cryptocoin **
** any other coin on that list
Not a half bad idea. Charge them real money for the transaction and you might actually have an idea.
um
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@dcoder BREAKING NEWS: Sichuan province blackouts and brownouts are a thing of the past!
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@dcoder
Well, so much for the lull in graphics card pricing...
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@dcoder And nothing of value was lost. Well, other than all of the graphics cards that would be better put to use in my gaming PC.
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@izzion In China they're using ASICs, power's dirt cheap there.
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@blakeyrat Their power supplies sure look dirty, and I suspect you could get them really cheap.
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Strangely enough, this anti-cryptocurrency thread got me enthused about buying some cryptocurrencies of my own. And then I got lazy and never actually did anything, because . The price is now half of what it was when I first thought of buying crypto, so the question remains: if I jump in now, will I still have the chance to sell my tulips at a higher price? Or is this just halfway down the long, slow slog down into irrelevance?
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@potatoengineer said in A fool and his not-really-money are soon parted:
the long, slow slog down into irrelevance?
The long, slow slog down into the place they've always been?
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@potatoengineer The concept is here to stay, the real question is "what is Bitcoin's 'stable' value, and will any currencies take the crown from Bitcoin anytime soon?"
If you can answer those, you're a prophet.
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@blakeyrat said in A fool and his not-really-money are soon parted:
@potatoengineer The concept is here to stay, the real question is "what is Bitcoin's 'stable' value, and will any currencies take the crown from Bitcoin anytime soon?"
If you can answer those, you're a prophet.
"Zero, and no."
Worship me.
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@dcoder said in A fool and his not-really-money are soon parted:
A fitting companion to the previous post, a looooong list of coins that have already flamed out:
Displaying 1 - 50 of 830
It's 843 now. That's 13 dead cryptocurrencies in about 5 days, or one dead every 9 hours, 14 minutes, approximately.
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@lorne-kates said in A fool and his not-really-money are soon parted:
@blakeyrat said in A fool and his not-really-money are soon parted:
@potatoengineer The concept is here to stay, the real question is "what is Bitcoin's 'stable' value, and will any currencies take the crown from Bitcoin anytime soon?"
If you can answer those, you're a prophet.
"Zero, and no."
Worship me.