Wash Trading in the Bitcoin and Crypto Markets Is Getting ...

For the Noobs :)

If you are going on the dark web please have the most security in mind.Remember don't fuck up take your security seriously, Tor can be circumvented very easily by three letter agencies.
How to use Veracrypt Volumes
Please never directly connect to Tor use Tor bridges instead, this will make it extremely hard for people to know if you are in fact using Tor.
Just avoid javascript
Please just because you use Bitcoin it's NOT anonymous
(Instead try using Monero)
Learn how to tumble your coins and wash them

Terms to known
FUD = ear, uncertainty and doubt, usually evoked intentionally in order to put a competitor at a disadvantage. LE = Law EnforcementDNM = Dark Net Markets Clearnet = The web you are on right now Honeypot = A honeypot is a computer or computer system designed to mimic something that would attract the attention
Recommended OS's when it comes to securityLinuxMacWindows
submitted by AntiSleepState_Press to darknet [link] [comments]

Putting $400M of Bitcoin on your company balance sheet

Also posted on my blog as usual. Read it there if you can, there are footnotes and inlined plots.
A couple of months ago, MicroStrategy (MSTR) had a spare $400M of cash which it decided to shift to Bitcoin (BTC).
Today we'll discuss in excrutiating detail why this is not a good idea.
When a company has a pile of spare money it doesn't know what to do with, it'll normally do buybacks or start paying dividends. That gives the money back to the shareholders, and from an economic perspective the money can get better invested in other more promising companies. If you have a huge pile of of cash, you probably should be doing other things than leave it in a bank account to gather dust.
However, this statement from MicroStrategy CEO Michael Saylor exists to make it clear he's buying into BTC for all the wrong reasons:
“This is not a speculation, nor is it a hedge. This was a deliberate corporate strategy to adopt a bitcoin standard.”
Let's unpack it and jump into the economics Bitcoin:

Is Bitcoin money?

No.
Or rather BTC doesn't act as money and there's no serious future path for BTC to become a form of money. Let's go back to basics. There are 3 main economic problems money solves:
1. Medium of Exchange. Before money we had to barter, which led to the double coincidence of wants problem. When everyone accepts the same money you can buy something from someone even if they don't like the stuff you own.
As a medium of exchange, BTC is not good. There are significant transaction fees and transaction waiting times built-in to BTC and these worsen the more popular BTC get.
You can test BTC's usefulness as a medium of exchange for yourself right now: try to order a pizza or to buy a random item with BTC. How many additional hurdles do you have to go through? How many fewer options do you have than if you used a regular currency? How much overhead (time, fees) is there?
2. Unit of Account. A unit of account is what you compare the value of objects against. We denominate BTC in terms of how many USD they're worth, so BTC is a unit of account presently. We can say it's because of lack of adoption, but really it's also because the market value of BTC is so volatile.
If I buy a $1000 table today or in 2017, it's roughly a $1000 table. We can't say that a 0.4BTC table was a 0.4BTC table in 2017. We'll expand on this in the next point:
3. Store of Value. When you create economic value, you don't want to be forced to use up the value you created right away.
For instance, if I fix your washing machine and you pay me in avocados, I'd be annoyed. I'd have to consume my payment before it becomes brown, squishy and disgusting. Avocado fruit is not good money because avocadoes loses value very fast.
On the other hand, well-run currencies like the USD, GBP, CAD, EUR, etc. all lose their value at a low and most importantly fairly predictible rate. Let's look at the chart of the USD against BTC
While the dollar loses value at a predictible rate, BTC is all over the place, which is bad.
One important use money is to write loan contracts. Loans are great. They let people spend now against their future potential earnings, so they can buy houses or start businesses without first saving up for a decade. Loans are good for the economy.
If you want to sign something that says "I owe you this much for that much time" then you need to be able to roughly predict the value of the debt in at the point in time where it's due.
Otherwise you'll have a hard time pricing the risk of the loan effectively. This means that you need to charge higher interests. The risk of making a loan in BTC needs to be priced into the interest of a BTC-denominated loan, which means much higher interest rates. High interests on loans are bad, because buying houses and starting businesses are good things.

BTC has a fixed supply, so these problems are built in

Some people think that going back to a standard where our money was denominated by a stock of gold (the Gold Standard) would solve economic problems. This is nonsense.
Having control over supply of your currency is a good thing, as long as it's well run.
See here
Remember that what is desirable is low variance in the value, not the value itself. When there are wild fluctuations in value, it's hard for money to do its job well.
Since the 1970s, the USD has been a fiat money with no intrinsic value. This means we control the supply of money.
Let's look at a classic poorly drawn econ101 graph
The market price for USD is where supply meets demand. The problem with a currency based on an item whose supply is fixed is that the price will necessarily fluctuate in response to changes in demand.
Imagine, if you will, that a pandemic strikes and that the demand for currency takes a sharp drop. The US imports less, people don't buy anything anymore, etc. If you can't print money, you get deflation, which is worsens everything. On the other hand, if you can make the money printers go brrrr you can stabilize the price
Having your currency be based on a fixed supply isn't just bad because in/deflation is hard to control.
It's also a national security risk...
The story of the guy who crashed gold prices in North Africa
In the 1200s, Mansa Munsa, the emperor of the Mali, was rich and a devout Muslim and wanted everyone to know it. So he embarked on a pilgrimage to make it rain all the way to Mecca.
He in fact made it rain so hard he increased the overall supply of gold and unintentionally crashed gold prices in Cairo by 20%, wreaking an economic havoc in North Africa that lasted a decade.
This story is fun, the larger point that having your inflation be at the mercy of foreign nations is an undesirable attribute in any currency. The US likes to call some countries currency manipulators, but this problem would be serious under a gold standard.

Currencies are based on trust

Since the USD is based on nothing except the US government's word, how can we trust USD not to be mismanaged?
The answer is that you can probably trust the fed until political stooges get put in place. Currently, the US's central bank managing the USD, the Federal Reserve (the Fed for friends & family), has administrative authority. The fed can say "no" to dumb requests from the president.
People who have no idea what the fed does like to chant "audit the fed", but the fed is already one of the best audited US federal entities. The transcripts of all their meetings are out in the open. As is their balance sheet, what they plan to do and why. If the US should audit anything it's the Department of Defense which operates without any accounting at all.
It's easy to see when a central bank will go rogue: it's when political yes-men are elected to the board.
For example, before printing themselves into hyperinflation, the Venezuelan president appointed a sociologist who publicly stated “Inflation does not exist in real life” and instead is a made up capitalist lie. Note what happened mere months after his gaining control over the Venezuelan currency
This is a key policy. One paper I really like, Sargent (1984) "The end of 4 big inflations" states:
The essential measures that ended hyperinflation in each of Germany,Austria, Hungary, and Poland were, first, the creation of an independentcentral bank that was legally committed to refuse the government'sdemand or additional unsecured credit and, second, a simultaneousalteration in the fiscal policy regime.
In english: *hyperinflation stops when the central bank can say "no" to the government."
The US Fed, like other well good central banks, is run by a bunch of nerds. When it prints money, even as aggressively as it has it does so for good reasons. You can see why they started printing on March 15th as the COVID lockdowns started:
The Federal Reserve is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.
In english: We're going to keep printing and lowering rates until jobs are back and inflation is under control. If we print until the sun is blotted out, we'll print in the shade.

BTC is not gold

Gold is a good asset for doomsday-preppers. If society crashes, gold will still have value.
How do we know that?
Gold has held value throughout multiple historic catastrophes over thousands of years. It had value before and after the Bronze Age Collapse, the Fall of the Western Roman Empire and Gengis Khan being Gengis Khan.
Even if you erased humanity and started over, the new humans would still find gold to be economically valuable. When Europeans d̶i̶s̶c̶o̶v̶e̶r̶e̶d̶ c̶o̶n̶q̶u̶e̶r̶e̶d̶ g̶e̶n̶o̶c̶i̶d̶e̶d̶ went to America, they found gold to be an important item over there too. This is about equivalent to finding humans on Alpha-Centauri and learning that they think gold is a good store of value as well.
Some people are puzzled at this: we don't even use gold for much! But it has great properties:
First, gold is hard to fake and impossible to manufacture. This makes it good to ascertain payment.
Second, gold doesnt react to oxygen, so it doesn't rust or tarnish. So it keeps value over time unlike most other materials.
Last, gold is pretty. This might sound frivolous, and you may not like it, but jewelry has actual value to humans.
It's no coincidence if you look at a list of the wealthiest families, a large number of them trade in luxury goods.
To paraphrase Veblen humans have a profound desire to signal social status, for the same reason peacocks have unwieldy tails. Gold is a great way to achieve that.
On the other hand, BTC lacks all these attributes. Its value is largely based on common perception of value. There are a few fundamental drivers of demand:
Apart from these, it's hard to argue that BTC will retain value throughout some sort of economic catastrophe.

BTC is really risky

One last statement from Michael Saylor I take offense to is this:
“We feel pretty confident that Bitcoin is less risky than holding cash, less risky than holding gold,” MicroStrategy CEO said in an interview
"BTC is less risky than holding cash or gold long term" is nonsense. We saw before that BTC is more volatile on face value, and that as long as the Fed isn't run by spider monkeys stacked in a trench coat, the inflation is likely to be within reasonable bounds.
But on top of this, BTC has Abrupt downside risks that normal currencies don't. Let's imagine a few:

Blockchain solutions are fundamentally inefficient

Blockchain was a genius idea. I still marvel at the initial white paper which is a great mix of economics and computer science.
That said, blockchain solutions make large tradeoffs in design because they assume almost no trust between parties. This leads to intentionally wasteful designs on a massive scale.
The main problem is that all transactions have to be validated by expensive computational operations and double checked by multiple parties. This means waste:
Many design problems can be mitigated by various improvements over BTC, but it remains that a simple database always works better than a blockchain if you can trust the parties to the transaction.
submitted by VodkaHaze to badeconomics [link] [comments]

This is a public service announcement to anyone who's foolish enough to still be using windows

This is a public service announcement to anyone who's foolish enough to still be using windows 10, windows 8, windows 7, vista, and also windows xp. your operating system is now fully compromised, and no, this isn't the same as indian scammers trying to hold your data hostage for google play cards or pictures of bobs and vagene or the cia backdooring your operating system so that they can spy on you it is far worse then that the international hacker known as 4chan has successfuly reverse engineered your operating system they know the sorce code, they've observed all of windows xp's vulnerabilities which means they know the vulnerabilities of all windows operating systems that have come after it because let's face it ever since windows xp all microsoft has really done is create some new themes for your desktop and add more spyware to windows and also forcefully push out updates, and things are about to get even worse, you thought viruses like wannacry caused a lot of damage? that's childsplay. the viruses of old were created by much less skilled hackers that didn't even have the source code of your operating system but now microsoft's spaghetti code is out in the open everybody can see it and your computer is more screwed then an unchaperoned toddler on epstein's island dring a bill clinton visit your kernel is going down faster then a golden retriever at the atf's headquarters. now before you go into full panic mode and start freaking out there are some solutions for you to continue using your computer, my personal recommendation is to load up dban, completely remove any trace of windows, or any other proprietary bullshit operating system that came with your computer, and then install gentoo and use that for the rest of eternity to do your computing. if you can't figure out how to use gentoo then you have the option of using linux mint which is another approved gnu/linux operating system that is more noob friendly and kind of similar to windows in the layout just minus all the horrible bullcrap and spaghetti code that makes up windows. if you can't figure out how to use linux mint then you should just sell your computer, purchase a horse and buggy, and go be amish in a field somewhere because it's no longer safe for you to have a computer or really any electronic device for that matter. hopefully the many years of you beating off to cam girls will translate into good butter churning skills so you can earn a living as an amish person. if you fail to comply you are going to get updates forcefully pushed to your operating system which has been happening for a while now because let's face it, microsoft has never even heard of the word consent, but instead of these updates coming from microsoft themself, bill gates himself, they are going to be coming from the hacker known as 4chan and you will soon experience strange behavior in your operating system, internet explorer or microsoft edge or whatever the hell they're calling that crap these days will be replaced with pale moon or a similar furry browser. every day the wallpaper on your desktop is going to become an anime girl that is more and more lewd and vaguely underage as time goes on all of your home videos will be replaced by forceful tentacle hentai, all of your family photos are going to be replaced with pepes that become more and more racist as time goes on, oh and also your webcam will permanently live stream to liveleak so watch out for chinese truck drivers and off-duty brazzilian police officers. now i don't want to hear any of you wondering all of a sudden oh woe is me why does something like this have to happen to me no you've been warned for years and years about the dangers of proprietary software and yet you did nothing, richard stallman went out of his way to make speeches at college campuses all across the world even doing some in spanish so that he can reach a wider audience and going days without a proper meal this man had to subsist on nutrients from the bottom of his foot and yet you did nothing, edward snowden revealed that bioluminescent goverment agents were living in your computer watching you watch cam girls and browse old memes that washed up on the shores of reddit all under the guise of stopping terrorism and had to flee the united states and go live in a russian airport bathroom and yet you continued using windows purchasing a new copy every few years making bill gates a gorillianare in the process so that he could get ot his end goal of injecting windows updates directly into the bloodstream of every person in the world and newborn babies and yet you kept on using windows even though each new version removed more and more of your rights and became more and more bloated but now 4chan, the hacker, has taken it to the extreme. you will no longer be using your operating system it will se you, it will require a minimum of 2 terabytes of ram and a quantum cpu just to load up the crypto miner that's going to be required to boot your operating system. now alternatively i have heard directly from the hacker known as 4chan that for one bitcoin you can purchase a subscription of windows xp yotsuba edition which will have most of the restrictions removed however your wallpaper will still be set to a lewd vaguely underage anime girl and your browser will be permanently set to 4channel.org, uh, also microsoft word is going to be replaced with vim so good luck doing your homework on there hopefully you know how to quit out of it. you have been warned now go install gentoo or suffer the consequences or like i said sell all your electronics and go be amish because the amish don't get computer viruses
submitted by bobbyboob6 to copypasta [link] [comments]

I would like to better understand the science of alkaloid extraction of Poppy Pods and Seeds

I have been doing a lot of research these past few weeks. It appears most scientific studies I have found are from 18-1900s. And sadly mostly focused on extracting morphine from the poppy.
I am a novice in biochemistry but do understand the very basics from extractions of DMT and Mescaline.
Poppy Seed and Poppy Pod methods are all over the place. Some suggest hot water, some cold. I have read the form of morphine is different than what you would find in an actual morphine pill so temperature, PH etc. is entirely different.
Here is my goal: I have some dried pods. I would like to make a tea. I want to extract ALL alkaloids and reduce it down to a putty/powder that can be capsuled.
For years what I have done is remove the seeds and save for later, grind up the pods to almost a powder. Then basically by making a tea, keeping the water at no higher than 90C for 1 hour then turn off the heat and let it rest over night.
Ill then use some cheese cloth and squeeze all the water out. I will do this 2-3 more times and the results are acceptable but I'd like to take a more scientific approach.
Again, everything I can find is mostly about only extracting the morphine. I want the morphine, codeine, thebaine, noscapine, and papaverine etc extracted and then reduced - as I subscribe to the belief that there is a synergistic effect to all of these alkoloids similar marijuana with terpenes and cannabinoids.
How do I even start to discover the popper temperatures to get these, or the best PH? Or is water even the best medium to use. My limited knowledge of other extracts in A/B extraction is there are things such as polarity and PH are important.
Here are a few of the best sources I have found so far:
A) https://www.unodc.org/unodc/en/data-and-analysis/bulletin/bulletin_1957-01-01_2_page007.html B) https://drive.google.com/file/d/18Z61R-j4UBkUzsP1F5xRVhNlOAbcDMBW Ba) summary of above findings (https://www.reddit.com/PoppyTeaUniversity/comments/76yw26/quantification_of_morphine_codeine_and_thebaine/)
A) seems to be the most promising, where one can extract most of the alkoloids without multiple stages. But I don't fully understated the verbage.
This is my undestanding after reading it, feel free to correct me on any misconceptions.
Keep in mind (all these start with opium extraction to begin with. I am starting with dry pods ground to powder or high quality seeds. My next experiment will be 2lbs of decent quality dried pods.)
1) The dissolution of the opium is done in the usual manner. The opium is cut into slices and stirred with five times its weight of water. Heating to 45-50°C is applied to speed up disintegration.
So say I have 1000 grams of dried pop powder I should make a tea starting with 5000 grams of water. For how long though do you think? 
2) The filtration and washing of the completely disintegrated opium follows to some extent the known pattern of the counter-current method as described by Schwyzer (18) and Barbier (1), (2), but does not aim at obtaining a highly concentrated extract. The marc which remains after the separation of the aqueous extract by filtration is **washed five times with 1 to 2 parts of 2% acetic acid for one part of opium.
This is where I am totally lost. Is this saying to filter the water from the plant matter in my case, then wash the plant matter 5 times with 1 to 2 parts of a 2% acetic acid solution and save the liquid from that? What exactly is meant by 2% acetic acid solution? And once I make this acetic acid solution I should do 5 washes with up to twice the volume of the plant matter? Or do I have this totally backwards and I am actually washing the tea and not even touching the plant matter any more? 
This is already getting to be a long post. If anyone is willing to help me go through this in layman terms I'd be willing to even pay you for your time in bitcoin.
Really, I don't want to extract and convert to any salts or anything. I just want to know the correct temperature and PH to most effectively extract as many alkaloids as possible from ground up pods or good quality seeds From what I have been reading this may take a few washes of different characteristics?
Allow me to explain how I have usually done this when I am not just making tea and drinking it:
1) Usually I just let my ground up pods or seeds sit in ~90C water (as suggested by source B/Ba - but after reading source A that has me questioning if it should be more like 45-50°C!)
2) Then after that maintaining that temp for about an hour I turn the heat down and take the lid off and just let it slowly evaporate to about 50% of original aquas solution while the plant mater still remains.
3) I strain this and use a cheese cloth and press to get excess juice if I am using pods
4) I do this 3 times total, mix all 3 extractions into one container and then either air dry slowly with a fan or put in a large surface area pyrex dish in the oven at the lowest setting and cook until a slimey putty that can be capsuled.
Am I missing out or potentially destroying any goodie with this method?
If that is just as effective as the process described in source A) ill just stick with what I know. But at the same time if the source I found above 1) makes a worthwhile higher quality product with more alkaloids and 2) helps me learn more about chemistry In the process it would be worth it to me.
Lastly, would there be any benefit to use a high proof alcohol or perhaps naptha at room temp to extract instead of water. Then proceed with my usual process just described? How or what would you search to find out if alcohol extracts such alkaloids?
Thanks for your time!
submitted by LsDmT to TheeHive [link] [comments]

Share Your Biggest Mistakes in Crypto and Laugh!

Bought Bitcoin around $1200 in 2017 rode that wave to $20k sold a lot of it for XRP when XRP was $3.00 in Jan 2018 and rode that wave to 30 cents this year!
Owner of a QuadricaCX account: https://www.vanityfair.com/news/2019/11/the-strange-tale-of-quadriga-gerald-cotten
and Cryptopia account: https://www.coindesk.com/hacked-cryptocurrency-exchange-cryptopia-goes-into-liquidation
and Coinsquare account (was forced to sell their token at 30% loss and paid 100s in trading fees): https://www.coindesk.com/coinsquare-exchange-execs-to-resign-over-wash-trading-scandal
LOL... how am I even still alive?
Every dollar I put in crypto since early 2017 is still there, value wise, meaning the losing choices got cancelled by the winning ones.
submitted by infoagerevolutionist to HEXcrypto [link] [comments]

ATTENTION WINDOWS USERS, ITS TIME TO STOP!!

This is a public service announcement to anyone who is foolish enough to still be using Windows 10, Windows 8, Windows 7, Vista, and also Windows XP. Your operating system is now fully compromised and no, this isn't the same as Indian scammers trying to hold your data hostage for Google play cards or pictures of bobs and vagene or the CIA backdooring your operating system so that they can spy on you, it is far worse than that. The international hacker known as 4chan has successfully reverse engineered your operating system. They know the source code, they've observed all of windows XP's vulnerabilities which means they know the vulnerabilities of all Windows operating systems that have come after it because let's face it, ever since Windows XP all Microsoft has really done is create some new themes for your desktop and add more spyware to Windows, and also forcefully pushed out updates, and things are about to get even worse. You thought viruses like wannacry caused a lot of damage? That's child's play. The viruses of old were created by much less skilled hackers that didn't even have the source code of your operating system, but now Microsoft spaghetti code is out in the open, everybody can see it, and your computer is more screwed than an un-chaperoned toddler on Epstein's island during a Bill Clinton visit. Your kernel is going down faster than a golden retriever at the ATF headquarters. Now before you go into full panic mode and start freaking out, there are some solutions for you to continue using your computer. My personal recommendation is to load up DBAN to completely remove any trace of Windows or any other proprietary bullshit operating system that came with your computer, and then install Gentoo and use that for the rest of eternity to do your computing. If you can't figure out how to use Gentoo then you have the option of using Linux Mint, which is another approved GNU/Linux operating system that is more noob friendly and kind of similar to Windows in the layout just minus all of the horrible bull crap and spaghetti code that makes up Windows. If you can't figure out how to install Linux Mint then you should just sell your computer purchase a horse and buggy and go be Amish in a field somewhere, because it's no longer safe for you to have a computer or really any electronic device for that matter. Hopefully the many years of you beating off to cam girls will translate into good butter churning skills so that you can earn a living as an honest person. If you fail to comply you are going to get updates forcefully pushed into your operating system which has been happening for a while now because let's face it, Microsoft has never even heard of the word consent. But instead of these updates coming from Microsoft themself, Bill Gates himself they're going to be coming from the hacker known as 4chan, and you'll soon experience strange behavior in your operating system internet explorer or Microsoft edge or whatever the hell they're calling that crap these days will be replaced with pale moon or a similar furry browser. Every day the wallpaper on your desktop is going to become an anime girl that gets more lewd and vaguely under age as time goes on, all of your home videos will be replaced by forceful tentacle hentai, all of your family photos are going to be replaced with Pepes that become more and more racist as time goes on. Oh, and also your webcam will permanently live stream to liveleak so watch out for Chinese truck drivers an off duty Brazilian police officers. Now I don't want to hear any of you wondering why is this happening all of a sudden "woe is me why does something like this have to happen to me?" No you've been warned for years and years about the dangers of proprietary software and yet you did nothing. Richard Stallman went out of his way to make speeches at college campuses all across the world, even doing some in Spanish so that he can reach a wider audience, going days without a proper meal. This man had to subsist on nutrients from the bottom of his foot, and yet you still did nothing. Edward Snowden revealed that bioluminescent government agents were living in your computer watching you watch cam girls and browse old memes that washed up on the shores of Reddit, all under the guise of stopping terrorism, and he had to flee the United States and go live in a Russian airport bathroom, and yet you continued on using Windows, purchasing a new copy every few years making Bill Gates a gorillionaire in the process, so that he could get to his end goal of injecting Windows updates directly into the bloodstream of every person in the world in newborn babies, and yet you kept on using Windows even though each new version removed more and more of your rights and became more and more bloated. But now 4chan the hacker has taken it to the extreme. You will no longer be using your operating system, it will use you. It will require a minimum of 2 terabytes of ram and a quantum CPU just to load up the crypto miner that's going to be required to boot your operating system. Now alternatively, I have heard directly from the hacker known as 4chan on that for one bitcoin you can purchase a subscription of Windows XP Yotsuba Edition, which will have most of the restrictions removed. However your wallpaper will still be set to a lewd vaguely under age anime girl and your browser's homepage will be permanently set to 4channel.org. Also Microsoft Word is going to be replaced with Vim, so good luck doing your homework on there, hopefully you know how to quit out of it. You have been warned. Now go install Gentoo or suffer the consequences. Or like I said, sell all of your electronics and go be Amish, because the Amish don't get computer viruses.
submitted by dogecharger3000xd to copypasta [link] [comments]

ATTENTION WINDOWS USERS, ITS TIME TO STOP!!

This is a public service announcement to anyone who is foolish enough to still be using Windows 10, Windows 8, Windows 7, Vista, and also Windows XP. Your operating system is now fully compromised. And no, this isn’t the same as Indian scammers trying to hold your data hostage for Google Play cards or pictures of bob and vagene, or the CIA backdooring your operating system so they can spy on you. It is far worse than that. The international hacker known as 4chan has successfully reverse-engineered your operating system. They know the source code. They have observed all of Windows XP’s vulnerabilities, which means they know the vulnerabilities of all Windows operating systems that have come after it because, let’s face it, ever since Windows XP, all Microsoft has really done is create some new themes for your desktop and add more spyware to Windows, and also forcefully push out updates. And things are about to get even worse. You though viruses like WannaCry caused a lot of damage? That’s child’s play. The viruses of old were created by much less skilled hackers that didn’t even have the source code of your operating system. But now, Microsoft’s spaghetti code is out in the open. Everybody can see it, and your computer is more screwed than an unchaperoned toddler on Epstein's island during a Bill Clinton visit. Your kernel is going down faster than a golden retriever at the ATF’s headquarters.
Now, before you go into full panic mode and start freaking out, there are some solutions for you to continue using your computer. My personal recommendation is to load up DBAN, completely remove any trace of Windows or any other proprietary bullshit operating system that came with your computer, and then install Gentoo. And use that for the rest of eternity to do your computing. If you can’t figure out how to use Gentoo, then you have the option of using Linux Mint, which is another approved GNU/Linux operating system that is more noob-friendly and kind of similar to Windows and its layout, just minus all the horrible bullcrap and spaghetti code that makes up Windows. If you can’t figure out how to install Linux Mint, then you should just sell your computer, purchase a horse and buggy, and go be Amish in a field somewhere because it’s no longer safe for you to have a computer or really any electronic device for that matter. Hopefully, the many years of you beating off to camgirls will translate into good butter-churning skills so that you can earn a living as an Amish person.
If you fail to comply, you are going to get updates forcefully pushed to your operating system, which has been happening for a while now, because let’s face it, Microsoft has never even heard of the word “consent.” But instead of these updates coming from Microsoft themselves—Bill Gates himself—they are going to be coming from the hacker known as 4chan, and you will soon experience strange behavior in your operating system. Internet Explorer or Microsoft Edge, or whatever the hell they’re calling that crap these days, will be replaced with Pale Moon or a similar furry browser. Every day, the wallpaper on your desktop is going to become an anime girl that is more and more lewd and vaguely underage as time goes on. All of your home videos will be replaced by forceful tentacle hentai. All of your family photos are going to be replaced with Pepes that become more and more racist as time goes on. Oh, and also your webcam will permanently livestream to LiveLeak, so watch out for Chinese truck drivers and off-duty Brazilian police officers. Now, I don’t want to hear any of you wondering “Why is this happening all the sudden?”, “Oh, woe is me, why does something like this have to happen to me?” No. You’ve been warned for years and years about the dangers of proprietary software, and yet, you did nothing. Richard Stallman went out of his way to make speeches at college campuses all across the world, even doing some in Spanish so that he can reach a wider audience, and going days without a proper meal. This man had to subsist on nutrients from the bottom of his foot, and yet, you still did nothing. Edward Snowden revealed that bioluminescing government agents were living in your computer, watching you watch camgirls and browse old memes that washed up on the shores of Reddit, all under the guise of stopping terrorism. And he had to flee the United States and go live in a Russian airport bathroom, and yet, you continued on using Windows, purchasing a new copy every few years, making Bill Gates a gorrilianaire in the process, so that he can get to his end goal of injecting Windows updates directly into the bloodstream of every person in the world and newborn babies. And yet, you kept on using Windows, even though each new version removed even more of your rights and became more and more bloated.
But now, 4chan the hacker has taken it to the extreme. You will no longer be using your operating system. It will use you. It will require a minimum of 2 TB of RAM and a quantum CPU just to load up the cryptominer that’s going to be required to boot your operating system. Now alternatively, I have heard directly from the hacker known as 4chan that for 1 bitcoin, you can purchase a subscription of Windows XP Yotsuba Edition, which will have most of the restrictions removed. However, your wallpaper will still be set to a lewd, vaguely underage anime girl, and your browser’s homepage will be permanently set to 4chan.org. Also, Microsoft Word is going to be replaced with vim, so good luck doing your homework on there. Hopefully you know how to quit out of it. You have been warned. Now go install Gentoo or suffer the consequences. Or like I said, sell all of your electronics and go be Amish, because the Amish don’t get computer viruses.
https://www.youtube.com/watch?v=iqRj7cW-vjs
submitted by SMF67 to LinuxCirclejerk [link] [comments]

I bought $1k of the Top Ten Cryptos on January 1st, 2018. Result? -74%

I bought $1k of the Top Ten Cryptos on January 1st, 2018. Result? -74%

EXPERIMENT - Tracking Top 10 Cryptos of 2018 - Month 31 -74%
See the full blog post with all the tables here.
tl;dr: purchased $100 of Top Ten Cryptos in Jan. 2018, haven't sold or traded, repeated in 2019 and 2020, update y'all monthly. July was very strong for crypto. For 2018 Top Ten: ADA finished the month on top. ETH and XRP also very strong. Overall, BTC still waaaay in the lead and is approaching break even point. Three cryptos (IOTA,NEM, DASH) have lost over 90% of value. Over three years, cryptos outperforming S&P if I'd taken a similar approach.

Month Thirty One – Down 74%

Summary after 31 months
Crypto came roaring back in July after an almost all-red June. Each crypto in the 2018 Top Ten finished July at a significantly higher value, led by ADA which ended the month +57%.

Question of the month:

Which member of all three Top Ten Crypto Index Fund Experiments turned 5 years old in July?

A) Bitcoin B) Ethereum C) Bitcoin Cash D) XRP
Scroll down for the answer.

Ranking and July Winners and Losers

Not a ton of movement for the 2018 Top Ten group this month. Cardano and XRP both climbed one position while NEM gained two, clawing itself back into the Top Thirty. Dash headed in the other direction, dropping two places in the rankings.
Considering all that has changed in the world of crypto since the beginning of 2018, it’s interesting to note that only four out of the ten cryptos that started 2018 in the Top Ten have dropped out. NEM, Dash, IOTA, and Stellar have been replaced by Binance Coin, Tether, BSV, and newcomer CRO.
July Winners – It was a very strong month: all cryptos made significant gains in July. But for the third month in a row ADA outperformed the field, gaining +57% in July. ETH finished a close second, up +55% followed by XRP which gained +52%.
July Losers – Even during a good month, NEM can’t catch a break. Its +23% gain made it the worst performer of the 2018 Top Ten.
How has your favorite crypto fared over the first 31 months of the 2018 Top Ten Crypto Index Fund Experiment?
Bitcoin still has the most monthly wins (7) but look at this: thanks to its strong 2020 including three straight monthly wins, Cardano is now right behind BTC with 6 monthly wins. Which project has the most monthly losses? NEM stands alone with 6. Every crypto has at least one monthly win and Bitcoin is unique as the only cryptocurrency that hasn’t lost a month. It came close this month, gaining “only” +26%.

Overall update – BTC approaching break even point, second place ETH in the lonely middle, NEM still worst performing.

Although it wasn’t able to keep pace with its peers in July, BTC continues to slowly but surely approach its break even point. It is down about $1,500 (-12%) since my purchase in January 2018. My initial investment of $100 thirty-one months ago is now worth about $88.
Even though Ethereum has lost half of its value since the experiment began, it is all alone in second place: no other crypto is close.
NEM seems comfortable in its usual place, down at the bottom. It has lost -94% over the life of the experiment. That initial $100 investment in NEM is now worth $5.78. Dash and IOTA join NEM as the only three cryptos in the Top Ten that have lost at least -90% of their value since January 2018.

Total Market Cap for the entire cryptocurrency sector:


Total market cap since Jan 2018
The crypto market added about $82B in July, making up a ton of ground. The last time we saw a similar level in terms of overall crypto market cap was way back in the fifth month of the 2018 Top Ten Experiment: May 2018.

Bitcoin dominance:

Le Bitdom since January 2018
Since Bitcoin receives much of the attention in the press, it may surprise the casual observer to learn that Bitcoin Dominance dropped quite a bit in July, especially considering BitDom had been stuck at roughly the same level for most of 2020. This signals an interest in altcoins and a willingness to buy into riskier cryptos.
Some context: since the beginning of the experiment, the range of Bitcoin dominance has been quite wide: we saw a high of 70% BitDom in September 2019 and a low of 33% BitDom in February 2018.

Overall return on investment since January 1st, 2018:

The 2018 Top Ten Portfolio gained over $70 in July 2020. If I cashed out today, my $1000 initial investment would return about $260, down -74% from January 2018.
This sounds horrible but don’t hang yourself with a celibate rope: the 2018 return on investment is back where it was about a year ago. Take a look at the ROI over the life of the experiment, month by month, for some context:
Yes, you may notice that the 2018 Top Ten portfolio has finished over half of the first thirty one months down at least -80%, but it’s nice to see the low -70s for a change.
So the Top Ten Cryptos of 2018 are down -74%. What about the 2019 and 2020 Top Tens? Let’s take a look:
So overall? Taking the three portfolios together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my combined portfolios are worth $3,6965 ($260+ $1,722 +$1,713).
That’s up about +23% for the three combined portfolios, compared to -10% last month. It also marks the highest ROI of the three combined portfolios since I added this metric this year. The previous high was +13% back in January 2020.
Having trouble visualizing? Don’t worry, I got what you need:
Combined ROI
So, a +23% gain by dropping $1k on whichever cryptos were in the Top Ten on January 1st for three straight years, fine. But what if I’d done the same with just one crypto? Bitcoin always wins, right? Thanks to Reddit user u/sebikun for the idea for a new metric and let’s take a look:
3-year club ROI
As you can see, only five cryptos have remained in the Top Ten for all three years: BTC, ETH, XRP, BCH, and LTC. Best one to have gone all in on at this point in the Experiment? Ethereum, which would have nearly doubled. Worst choice? If I went with XRP, I would have been down -23%.

Comparison to S&P 500:

I’m also tracking the S&P 500 as part of the experiment to have a comparison point with other popular investments options. The US economy continued to recover in July: the S&P 500 is back up to pre-COVID levels. The initial $1k investment into crypto on January 1st, 2018 would have been worth about $220 had it been redirected to the S&P.
But what if I took the same invest-$1,000-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments? Here are the numbers:
  • $1000 investment in S&P 500 on January 1st, 2018: +$220
  • $1000 investment in S&P 500 on January 1st, 2019: +$310
  • $1000 investment in S&P 500 on January 1st, 2020: +$10
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,540.
That is up over+18% since January 2018, compared to a +23% gain of the combined Top Ten Crypto Experiment Portfolios.
That’s a 5% swing in favor of the Top Ten Crypto Portfolios! As you’ll see in the table below, this is the first time since I started recording this metric that crypto has outperformed the S&P had I taken a similar investment approach. This is a big turnaround from the 22% difference in favor of the S&P just last month.

3 x $1k crypto vs. S&P

Implications/Observations:

The 2018 Top Ten Cryptos have consistently under-performed when compared to the overall crypto market. This month, for example, the total market cap is down -29% from January 2018 compared to the -74% loss for the cryptos that began 2018 in the Top Ten. At no point in the first 31 months of the Experiment has this investment strategy been successful: the 2018 Top Ten as a group have under-performed the overall market every single month.
This of course suggests that I would have done a bit better if I’d picked every crypto, or different cryptos: throwing that $1k on January 1st, 2018 to Bitcoin, for example, would have lost me -12% instead of -74%.
On the other hand, this bit of diversification has served me well compared to going all in on NEM, Dash, or IOTA, all of which are down at least -90%.
The follow-on Top Ten experiments in 2019 and 2020 have seen similar, but not identical, results. There have been a few examples of the Top Ten approach outperforming the overall market in the first 19 months of the parallel 2019 Top Ten Crypto Experiment. And up until the last few months of the most recent 2020 Top Ten Index Fund group of cryptocurrencies, this approach had outperformed the overall market 100% of the time.

Conclusion:

Crypto had an undoubtedly strong month in July, green across the board. Was this just a happy blip, are we in for some consolidation, or are we on the way up? Stay tuned.
Final words: take care of each other, wear your mask, wash your hands.
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects where I repeat the experiment twice, purchasing another $1000 ($100 each) of two new sets of Top Ten cryptos as of January 1st, 2019 then again on January 1st, 2020.

And the Answer is…

B) Ethereum
Ethereum celebrated its 5 year anniversary on July 30th, 2020.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

ATTENTION WINDOWS USERS, ITS TIME TO STOP!!

This is a public service announcement to anyone who is foolish enough to still be using windows 10, windows 8, windows 7, vista and also windows xp.
Your operating system is now fully compromised and no this isn't the same as indian scammers trying to hold your data hostage for google play cards or pictures of bobs and vageen, the cia backdooring your operating system so that they can spy on you, it is far worse than that.
The international hacker known as 4chan has successfully reverse engineered your operating system.
👏They 👏know👏the 👏source👏code!
They've observed all of windows xp vulnerabilities, which means they know the vulnerabilities of all windows operating systems that have come after it because let's face it ever since windows xp all microsoft has really done is create some new themes for your desktop and add more spyware to windows and also forcefully push out updates and things are about to get even worse, you thought viruses like wannacry caused a lot of damage that's child play, the viruses of old were created by much less skilled hackers that didn't even had the source of your operating system but now microsoft spaghetti code is out in the open every body can see it and your computer is screwed than a unchaperoned toddler on epstein's island during a bill clinton visit your kernel is going down faster than a golden retriever at the etfs headquarters
now before you go into full panic mode and start freaking out there are some solutions for you to continue using your computer, my personal recommendation is for you to load up dban, completely remove any trace of windows or any other proprietary bullshit operating system that came with your computer and then install gentoo and use that for rest of eternity to do your computing, if you can't figure out how to use gentoo then you have the option of using linux mint which is another approved gnu/linux operating system that is more noob friendly and kind of similar to windows and the layout just minus all of the horrible bullcrap and spaghetti code that makes all of windows.
if you can't figure out how to install linux mint then you should just sell your computer purchase a horse and buggy and go be amish in a field somewhere because it is no longer safe for you to have a computer or really any electronic device for that matter,
hopefully that many years of you beating off to cam girls will translate into good butter churning skills so that you can earn a living as a amish person if you fail to comply you are going get updates forcefully pushed to your operating system which has been happening for awhile now because let's face it microsoft has never even heard of the word consent but instead of these updates coming from microsoft themself,bill gates himself, they are going to be coming from the hacker known as 4chan you will soon experience strange behaviour from your operating system internet explorer or microsoft edge or whatever the hell they are calling that crap these days will be replaced with pale moon or a similar furry browser every day the wallpaper on your desktop is going to become a anime girl that is more and more lewd and vaguely underage as time goes on, all of your home videos will be replaced by forceful tentacle hentai, all of your family photos will be replaced with pepes that become more and more racist as time goes on
oh and also your webcam will permanently livestream to live leak so watch out for chinese truck drivers and off duty brazilian police officers
now I don't want to hear any of you wondering
“why is this happening all of a sudden
oh always me why do something like this have to happens to me”
no you have been warned for years and years about the dangers of proprietary software and yet you did nothing, richard stallman went out of his way yo make speeches in college campuses all across the world even doing some in spanish so that he could reach a more wider audience and going days without a proper meal this man had to subsiste on nutrients from the bottom of his foot and yet you still did nothing
edward snowden revealed that bioluminescent government agents were living in your computer watching you watch camgirls and browse old memes that washed up on the shores of reddit all under the guise of stopping terrorism and he had ot flee the united states and live in a russian airport brathroom and yet you continued on using windows purchasing a new copy every few years making bill gate a grilionaire in the process so that he could get to his end goal of injecting windows updates directly into the blood stream of every person in the world and newborn babies and yet you kept on using windows even tough each new version removed more and more of your rights and became more and more bloated
but now 4chan the hacker has taking it to the extreme you will no longer be using your operating system it will use you it will require a minimum of 2 terabytes of ram and a quantum cpu just to load up the crypto miner that's going to be required to boot up your operating system
now alternatively i have heard directly from the hacker known as 4chan that for 1 bitcoin you can purchase a subscription of windows xp yotsuba edition that will have most of the restrictions removed however you wallpaper will still be set to a lewd vaguely underage anime girl and your browser homepage will be permanently set to 4chan.org also microsoft word is going to be replace with vim so good luck doing your homework on there hopefully you know how to quit out of it
you have been warned now go and install gentoo or suffer the consequences or like I said sell all of your electronics and go be amish because the amish don't get computer viruses!!
Sources: https://imgur.com/a/nqiyQ
https://youtu.be/iqRj7cW-vjs
submitted by thesuperiordalek to copypasta [link] [comments]

Let's try to better understand the science

I have been doing a lot of research these past few weeks. It appears most scientific studies I have found are from 18-1900s. And sadly mostly focused on extracting morphine from the poppy.
I am a novice in biochemistry but do understand the very basics from extractions of DMT and Mescaline.
Poppy Seed and Poppy Pod methods are all over the place. Some suggest hot water, some cold. I have read the form of morphine is different than what you would find in an actual morphine pill so temperature, PH etc is entirely different.
Here is my goal: I have some dried pods. I would like to make a tea. I want to extract ALL alkaloids and reduce it down to a putty/powder that can be capsuled.
For years what I have done is remove the seeds and save for later, grind up the pods to almost a powder. Then basicly by making a tea, keeping the water at no higher than 90C for 1 hour then turn off the heat and let it rest over night.
Ill then use some cheese cloth and squeeze all the water out. I will do this 2-3 more times and the results are acceptable but I'd like to take a more scientific approach.
Again, everything I can find is mostly about only extracting the morphine. I want the morphine, codeine, thebaine, noscapine, and papaverine extracted and then reduced.
How do I even start to discover the popper temperatures to get these, or the best PH? Or is water even the best medium to use. My limited knowledge of other extracts in A/B extraction is there are things such as polarity and PH are important. I've seen something called
Here are a few of the best sources I have found so far:
A) https://www.unodc.org/unodc/en/data-and-analysis/bulletin/bulletin_1957-01-01_2_page007.html B) https://drive.google.com/file/d/18Z61R-j4UBkUzsP1F5xRVhNlOAbcDMBW Ba) summary of above findings (https://www.reddit.com/PoppyTeaUniversity/comments/76yw26/quantification_of_morphine_codeine_and_thebaine/)
A) seems to be the most promising, where one can extract most of the alkoloids without multiple stages. But I don't fully understated the verbage.
This is my undestanding after reading it, feel free to correct me on any misconceptions.
Keep in mind (all these start with opium extraction to begin with. I am starting with dry pods ground to powder or high quality seeds. My next experiment will be 2lbs of decent quality dried pods.)
1) The dissolution of the opium is done in the usual manner. The opium is cut into slices and stirred with five times its weight of water. Heating to 45-50°C is applied to speed up disintegration.
So say I have 1000 grams of dried pop powder I should make a tea starting with 5000 grams of water. For how long though do you think? 
2) The filtration and washing of the completely disintegrated opium follows to some extent the known pattern of the counter-current method as described by Schwyzer (18) and Barbier (1), (2), but does not aim at obtaining a highly concentrated extract. The marc which remains after the separation of the aqueous extract by filtration is **washed five times with 1 to 2 parts of 2% acetic acid for one part of opium.
This is where I am totally lost. Is this saying to filter the water from the plant matter in my case, then wash the plant matter 5 times with 1 to 2 parts of a 2% acetic acid solution and save the liquid from that? What exactly is meant by 2% acetic acid solution? And once I make this acetic acid solution I should do 5 washes with up to twice the volume of the plant matter? Or do I have this totally backwards and I am actually washing the tea and not even touching the plant matter any more? 
This is already getting to be a long post. If anyone is willing to help me go through this in layman terms I'd be willing to even pay you for your time in bitcoin.
Really, I don't want to extract and convert to any salts or anything. I just want to know the correct temperature and PH to most effectively extract as many alkaloids as possible from ground up pods or good quality seeds From what I have been reading this may take a few washes of different characteristics?
Allow me to explain how I have usually done this when I am not just making tea and drinking it:
1) Usually I just let my ground up pods or seeds sit in ~90C water (as suggested by source B/Ba - but after reading source A that has me questioning if it should be more like 45-50°C!)
2) Then after that maintaining that temp for about an hour I turn the heat down and take the lid off and just let it slowly evaporate to about 50% of original aquas solution while the plant mater still remains.
3) I strain this and use a cheese cloth and press to get excess juice if I am using pods
4) I do this 3 times total (Only the first time is done overnight), mix all 3 extractions into one container and then either air dry slowly with a fan or put in a large surface area pyrex dish in the oven at the lowest setting and cook until a slimey putty that can be capsuled.
Am I missing out or potentially destroying any goodie with this method?
If that is just as effective as the process described in source A) ill just stick with what I know. But at the same time if the source I found above 1) makes a worthwhile higher quality product with more alkaloids and 2) helps me learn more about chemistry In the process it would be worth it to me.
Lastly, would there be any benefit to use a high proof alcohol or perhaps naptha at room temp to extract instead of water. Then proceed with my usual process just described? How or what would you search to find out if alcohol extracts such alkaloids?
Thanks for your time!
PS: Just as I was about to click post I found a final source. It is using some ultrasonic extractor but I think this info may still be valuable?
"The results of the study suggests that 1.10 of pH, 42.36°C of extraction temperature, 59.94 min of extraction time, and 19.99 mL to 500 mg solvent/solid ratio should be employed as optimal operating conditions for the best EY"
So it appears the common wisdom of the poppy subreddit may in fact be incorrect that 93C at neutral PH is optimal and 2 sources studies state somewhere around 43C is best.
Even stranger is source C states a PH of 1! I also cannot understand what solvent they are using. Any thoughts?
submitted by LsDmT to poppyseed [link] [comments]

Technical: Taproot: Why Activate?

This is a follow-up on https://old.reddit.com/Bitcoin/comments/hqzp14/technical_the_path_to_taproot_activation/
Taproot! Everybody wants it!! But... you might ask yourself: sure, everybody else wants it, but why would I, sovereign Bitcoin HODLer, want it? Surely I can be better than everybody else because I swapped XXX fiat for Bitcoin unlike all those nocoiners?
And it is important for you to know the reasons why you, o sovereign Bitcoiner, would want Taproot activated. After all, your nodes (or the nodes your wallets use, which if you are SPV, you hopefully can pester to your wallet vendoimplementor about) need to be upgraded in order for Taproot activation to actually succeed instead of becoming a hot sticky mess.
First, let's consider some principles of Bitcoin.
I'm sure most of us here would agree that the above are very important principles of Bitcoin and that these are principles we would not be willing to remove. If anything, we would want those principles strengthened (especially the last one, financial privacy, which current Bitcoin is only sporadically strong with: you can get privacy, it just requires effort to do so).
So, how does Taproot affect those principles?

Taproot and Your /Coins

Most HODLers probably HODL their coins in singlesig addresses. Sadly, switching to Taproot would do very little for you (it gives a mild discount at spend time, at the cost of a mild increase in fee at receive time (paid by whoever sends to you, so if it's a self-send from a P2PKH or bech32 address, you pay for this); mostly a wash).
(technical details: a Taproot output is 1 version byte + 32 byte public key, while a P2WPKH (bech32 singlesig) output is 1 version byte + 20 byte public key hash, so the Taproot output spends 12 bytes more; spending from a P2WPKH requires revealing a 32-byte public key later, which is not needed with Taproot, and Taproot signatures are about 9 bytes smaller than P2WPKH signatures, but the 32 bytes plus 9 bytes is divided by 4 because of the witness discount, so it saves about 11 bytes; mostly a wash, it increases blockweight by about 1 virtual byte, 4 weight for each Taproot-output-input, compared to P2WPKH-output-input).
However, as your HODLings grow in value, you might start wondering if multisignature k-of-n setups might be better for the security of your savings. And it is in multisignature that Taproot starts to give benefits!
Taproot switches to using Schnorr signing scheme. Schnorr makes key aggregation -- constructing a single public key from multiple public keys -- almost as trivial as adding numbers together. "Almost" because it involves some fairly advanced math instead of simple boring number adding, but hey when was the last time you added up your grocery list prices by hand huh?
With current P2SH and P2WSH multisignature schemes, if you have a 2-of-3 setup, then to spend, you need to provide two different signatures from two different public keys. With Taproot, you can create, using special moon math, a single public key that represents your 2-of-3 setup. Then you just put two of your devices together, have them communicate to each other (this can be done airgapped, in theory, by sending QR codes: the software to do this is not even being built yet, but that's because Taproot hasn't activated yet!), and they will make a single signature to authorize any spend from your 2-of-3 address. That's 73 witness bytes -- 18.25 virtual bytes -- of signatures you save!
And if you decide that your current setup with 1-of-1 P2PKH / P2WPKH addresses is just fine as-is: well, that's the whole point of a softfork: backwards-compatibility; you can receive from Taproot users just fine, and once your wallet is updated for Taproot-sending support, you can send to Taproot users just fine as well!
(P2WPKH and P2WSH -- SegWit v0 -- addresses start with bc1q; Taproot -- SegWit v1 --- addresses start with bc1p, in case you wanted to know the difference; in bech32 q is 0, p is 1)
Now how about HODLers who keep all, or some, of their coins on custodial services? Well, any custodial service worth its salt would be doing at least 2-of-3, or probably something even bigger, like 11-of-15. So your custodial service, if it switched to using Taproot internally, could save a lot more (imagine an 11-of-15 getting reduced from 11 signatures to just 1!), which --- we can only hope! --- should translate to lower fees and better customer service from your custodial service!
So I think we can say, very accurately, that the Bitcoin principle --- that YOU are in control of your money --- can only be helped by Taproot (if you are doing multisignature), and, because P2PKH and P2WPKH remain validly-usable addresses in a Taproot future, will not be harmed by Taproot. Its benefit to this principle might be small (it mostly only benefits multisignature users) but since it has no drawbacks with this (i.e. singlesig users can continue to use P2WPKH and P2PKH still) this is still a nice, tidy win!
(even singlesig users get a minor benefit, in that multisig users will now reduce their blockchain space footprint, so that fees can be kept low for everybody; so for example even if you have your single set of private keys engraved on titanium plates sealed in an airtight box stored in a safe buried in a desert protected by angry nomads riding giant sandworms because you're the frickin' Kwisatz Haderach, you still gain some benefit from Taproot)
And here's the important part: if P2PKH/P2WPKH is working perfectly fine with you and you decide to never use Taproot yourself, Taproot will not affect you detrimentally. First do no harm!

Taproot and Your Contracts

No one is an island, no one lives alone. Give and you shall receive. You know: by trading with other people, you can gain expertise in some obscure little necessity of the world (and greatly increase your productivity in that little field), and then trade the products of your expertise for necessities other people have created, all of you thereby gaining gains from trade.
So, contracts, which are basically enforceable agreements that facilitate trading with people who you do not personally know and therefore might not trust.
Let's start with a simple example. You want to buy some gewgaws from somebody. But you don't know them personally. The seller wants the money, you want their gewgaws, but because of the lack of trust (you don't know them!! what if they're scammers??) neither of you can benefit from gains from trade.
However, suppose both of you know of some entity that both of you trust. That entity can act as a trusted escrow. The entity provides you security: this enables the trade, allowing both of you to get gains from trade.
In Bitcoin-land, this can be implemented as a 2-of-3 multisignature. The three signatories in the multisgnature would be you, the gewgaw seller, and the escrow. You put the payment for the gewgaws into this 2-of-3 multisignature address.
Now, suppose it turns out neither of you are scammers (whaaaat!). You receive the gewgaws just fine and you're willing to pay up for them. Then you and the gewgaw seller just sign a transaction --- you and the gewgaw seller are 2, sufficient to trigger the 2-of-3 --- that spends from the 2-of-3 address to a singlesig the gewgaw seller wants (or whatever address the gewgaw seller wants).
But suppose some problem arises. The seller gave you gawgews instead of gewgaws. Or you decided to keep the gewgaws but not sign the transaction to release the funds to the seller. In either case, the escrow is notified, and if it can sign with you to refund the funds back to you (if the seller was a scammer) or it can sign with the seller to forward the funds to the seller (if you were a scammer).
Taproot helps with this: like mentioned above, it allows multisignature setups to produce only one signature, reducing blockchain space usage, and thus making contracts --- which require multiple people, by definition, you don't make contracts with yourself --- is made cheaper (which we hope enables more of these setups to happen for more gains from trade for everyone, also, moon and lambos).
(technology-wise, it's easier to make an n-of-n than a k-of-n, making a k-of-n would require a complex setup involving a long ritual with many communication rounds between the n participants, but an n-of-n can be done trivially with some moon math. You can, however, make what is effectively a 2-of-3 by using a three-branch SCRIPT: either 2-of-2 of you and seller, OR 2-of-2 of you and escrow, OR 2-of-2 of escrow and seller. Fortunately, Taproot adds a facility to embed a SCRIPT inside a public key, so you can have a 2-of-2 Taprooted address (between you and seller) with a SCRIPT branch that can instead be spent with 2-of-2 (you + escrow) OR 2-of-2 (seller + escrow), which implements the three-branched SCRIPT above. If neither of you are scammers (hopefully the common case) then you both sign using your keys and never have to contact the escrow, since you are just using the escrow public key without coordinating with them (because n-of-n is trivial but k-of-n requires setup with communication rounds), so in the "best case" where both of you are honest traders, you also get a privacy boost, in that the escrow never learns you have been trading on gewgaws, I mean ewww, gawgews are much better than gewgaws and therefore I now judge you for being a gewgaw enthusiast, you filthy gewgawer).

Taproot and Your Contracts, Part 2: Cryptographic Boogaloo

Now suppose you want to buy some data instead of things. For example, maybe you have some closed-source software in trial mode installed, and want to pay the developer for the full version. You want to pay for an activation code.
This can be done, today, by using an HTLC. The developer tells you the hash of the activation code. You pay to an HTLC, paying out to the developer if it reveals the preimage (the activation code), or refunding the money back to you after a pre-agreed timeout. If the developer claims the funds, it has to reveal the preimage, which is the activation code, and you can now activate your software. If the developer does not claim the funds by the timeout, you get refunded.
And you can do that, with HTLCs, today.
Of course, HTLCs do have problems:
Fortunately, with Schnorr (which is enabled by Taproot), we can now use the Scriptless Script constuction by Andrew Poelstra. This Scriptless Script allows a new construction, the PTLC or Pointlocked Timelocked Contract. Instead of hashes and preimages, just replace "hash" with "point" and "preimage" with "scalar".
Or as you might know them: "point" is really "public key" and "scalar" is really a "private key". What a PTLC does is that, given a particular public key, the pointlocked branch can be spent only if the spender reveals the private key of the given public key to you.
Another nice thing with PTLCs is that they are deniable. What appears onchain is just a single 2-of-2 signature between you and the developemanufacturer. It's like a magic trick. This signature has no special watermarks, it's a perfectly normal signature (the pledge). However, from this signature, plus some datta given to you by the developemanufacturer (known as the adaptor signature) you can derive the private key of a particular public key you both agree on (the turn). Anyone scraping the blockchain will just see signatures that look just like every other signature, and as long as nobody manages to hack you and get a copy of the adaptor signature or the private key, they cannot get the private key behind the public key (point) that the pointlocked branch needs (the prestige).
(Just to be clear, the public key you are getting the private key from, is distinct from the public key that the developemanufacturer will use for its funds. The activation key is different from the developer's onchain Bitcoin key, and it is the activation key whose private key you will be learning, not the developer's/manufacturer's onchain Bitcoin key).
So:
Taproot lets PTLCs exist onchain because they enable Schnorr, which is a requirement of PTLCs / Scriptless Script.
(technology-wise, take note that Scriptless Script works only for the "pointlocked" branch of the contract; you need normal Script, or a pre-signed nLockTimed transaction, for the "timelocked" branch. Since Taproot can embed a script, you can have the Taproot pubkey be a 2-of-2 to implement the Scriptless Script "pointlocked" branch, then have a hidden script that lets you recover the funds with an OP_CHECKLOCKTIMEVERIFY after the timeout if the seller does not claim the funds.)

Quantum Quibbles!

Now if you were really paying attention, you might have noticed this parenthetical:
(technical details: a Taproot output is 1 version byte + 32 byte public key, while a P2WPKH (bech32 singlesig) output is 1 version byte + 20 byte public key hash...)
So wait, Taproot uses raw 32-byte public keys, and not public key hashes? Isn't that more quantum-vulnerable??
Well, in theory yes. In practice, they probably are not.
It's not that hashes can be broken by quantum computes --- they're still not. Instead, you have to look at how you spend from a P2WPKH/P2PKH pay-to-public-key-hash.
When you spend from a P2PKH / P2WPKH, you have to reveal the public key. Then Bitcoin hashes it and checks if this matches with the public-key-hash, and only then actually validates the signature for that public key.
So an unconfirmed transaction, floating in the mempools of nodes globally, will show, in plain sight for everyone to see, your public key.
(public keys should be public, that's why they're called public keys, LOL)
And if quantum computers are fast enough to be of concern, then they are probably fast enough that, in the several minutes to several hours from broadcast to confirmation, they have already cracked the public key that is openly broadcast with your transaction. The owner of the quantum computer can now replace your unconfirmed transaction with one that pays the funds to itself. Even if you did not opt-in RBF, miners are still incentivized to support RBF on RBF-disabled transactions.
So the extra hash is not as significant a protection against quantum computers as you might think. Instead, the extra hash-and-compare needed is just extra validation effort.
Further, if you have ever, in the past, spent from the address, then there exists already a transaction indelibly stored on the blockchain, openly displaying the public key from which quantum computers can derive the private key. So those are still vulnerable to quantum computers.
For the most part, the cryptographers behind Taproot (and Bitcoin Core) are of the opinion that quantum computers capable of cracking Bitcoin pubkeys are unlikely to appear within a decade or two.
So:
For now, the homomorphic and linear properties of elliptic curve cryptography provide a lot of benefits --- particularly the linearity property is what enables Scriptless Script and simple multisignature (i.e. multisignatures that are just 1 signature onchain). So it might be a good idea to take advantage of them now while we are still fairly safe against quantum computers. It seems likely that quantum-safe signature schemes are nonlinear (thus losing these advantages).

Summary

I Wanna Be The Taprooter!

So, do you want to help activate Taproot? Here's what you, mister sovereign Bitcoin HODLer, can do!

But I Hate Taproot!!

That's fine!

Discussions About Taproot Activation

submitted by almkglor to Bitcoin [link] [comments]

ATTENTION WINDOWS USERS, ITS TIME TO STOP!!

This is a public service announcement to anyone who is foolish enough to still be using Windows 10, Windows 8, Windows 7, Vista, and also Windows XP.
Your operating system is now fully compromised. and no, this isn't the same as Indian scammers trying to hold your data hostage for Google play cards or pictures of bobs and vagens or the CIA backdooring your operating system so they can spy on you, it is far worse than that.
The international hacker known as 4Chan has successfully reverse-engineered your operating system, THEY KNOW THE SOURCE CODE, they observed all of Windows XP vulnerabilities which means they know the vulnerabilities of all Windows operating systems that have come after it, because, let's face it, ever since Windows XP all Microsoft has really done is create some new themes for your desktop and add more spyware to Windows and also push out updates. and things are about to get EVEN WORSE, you thought viruses like WannaCry cause a lot of damage? that's child's play, the viruses of old were created by much less skilled hackers that didn't even have the source code of your operating system but now, Microsoft spaghetti code, it's out in the open, everybody can see it and your computer is more screwd than an unchaperoned toddler on Epstein's island during a Bill Clinton visit.
YOUR KERNEL is going down faster than a golden retriever at the ATF's headquarters.
Now, before you go in full panic mode and start freaking out, there are some solutions for you to continue using your computer.
My personal recommendation is to load up DBAN, completely remove any trace of Windows or any other proprietary bullshit operating system that came with your computer and then, install Gentoo, and use that for the rest of eternity to do your computing, if you can't figure out how to use Gentoo, then you have the option of using Linux Mint, which is another approved GNU/Linux operating system that is more noob friendly and kind of similar to Windows and the layout just minus all of the horrible bullcrap and spaghetti code that makes up Windows.
If you can't figure out how to install Linux Mint then you should just sell your computer, purchase a horse and buggy and go be amish in a field somewhere because it's no longer safe for you to have a computer or really any electronic device for that matter, hopefully, the many years of you beating off to cam girls will translate into good butter churning skills so that you can earn a living as an Amish person.
If you fail to comply, you are going to get updates forcefully pushed to your operating system which has been happening for a while now, because, let's face it, Microsoft has never even heard of the word consent, but instead of these updates coming from Microsoft themself, Bill Gates himself, they are going to be coming from the hacker known as 4chan, and you will soon experience strange behavior in your operating system.
Internet Explorer or Microsoft Edge or whatever the hell they're calling that crap these days will be replaced with Pale Moon or a similar furry browser.
Every day the wallpaper on your desktop is going to become an anime girl that is more and more lewd and vaguely underage as time goes on, all of your home videos will be replaced with forceful tentacle hentai, all of your family photos are going to be replaced with pepes that become more and more racist as time goes on.
Oh and also, your webcam will permanently live stream to live league so watch out for Chinese truck drivers and off-duty Brazilian police officers.
Now, I don't want to hear any of your wondering "why is this happening all of the sudden oh woe ways me, why does something like this have to happen to me", no, you've been warned for years and years about the dangers of proprietary software, and yet, you did nothing.
Richard Stallman went out of his way to make speeches at college campuses, all across the world, even doing some in Spanish, so he can reach a wider audience, and going days without a proper meal, this man had to subsist on nutrients from the bottom of his foot and yet, you still did nothing.
Edward Snowden revealed that bioluminescent government agents were living in your computer watching you watch cam girls and browse old memes that washed up on the shores of Reddit, ALL under the guise of stopping terrorism, and he had to flee the united states and go live in a Russian airport bathroom, and yet, you continued on using Windows.
Purchasing a new copy every few years making Bill Gates a grillionaire in the process so he could get to his end goal of injecting Windows updates directly into the bloodstream of every person in the world, in newborn babies, and yet, you kept on using Windows, even though each new version removed more and more of your rights and became more and more bloated, but now, 4chan the hacker has taken it to the extreme, you will no longer be using your operating system.
It will use you, it will require a minimum of 2 terabytes of ram and a quantum CPU just to load up the crypto miner that's going to be required to boot your operating system.
Now alternatively, I have heard directly from the hacker known as 4chan that for one bitcoin, you can purchase a subscription of Windows XP Yotsuba edition which will have most of the restrictions removed, however, your wallpaper will still be set to a lewd vaguely underage anime girl and your browser's homepage will be permanently set to 4channel.org, also Microsoft Word is going to be replaced with Vim, so, good luck doing your homework on there, hopefully, you know how to quit out of it, you have been warned, now go, install Gentoo or suffer the consequences or like I said, sell all of your electronics and go be Amish because the Amish don't get computer viruses.
submitted by E404NNF to copypasta [link] [comments]

For newcomers: Criminal charges filed against BitMEX. Why this is a good thing for crypto

BitMEX, a centralized cryptocurrency exchange, was recently charged by the United States CFTC with failing to prevent money laundering and failing to implement other basic compliance procedures. For those unfamiliar with BitMEX: BitMEX is a trading platform that offers investors access to the global financial markets using only Bitcoin. BitMEX is built by finance professionals with over 40 years of combined experience and offers a comprehensive API and supporting tools. Gee, that doesn't sound so bad. Basically, you can buy and sell bitcoin on BitMEX. So what's the big deal? Well, from the BitMEX site: Does BitMEX offer leverage? Yes, BitMEX offers leverage on all of its products. The highest leverage BitMEX offers is up to 100x leverage on its Perpetual Bitcoin / USD Perpetual Contract. Okay, but what is leveraged trading exactly? According to thebalance.com, "100:1: One-hundred-to-one leverage means that for every $1 you have in your account, you can place a trade worth up to $100. This ratio is a typical amount of leverage offered on a standard lot account. The typical $2,000 minimum deposit for a standard account would give you the ability to control $200,000."
  1. And herein lies my first issue with an unregulated exchange like BitMEX. When used in the crypto-space, I think leverage is some fucked up shit. With massive amounts of leverage, whales can manipulate the price of bitcoin while little fish like you and I are at the mercy of the gods. If the whales want to move the price higher, they can coordinate a leveraged 'attack' to increase the price of bitcoin. If they want to drop the price of bitcoin, they can similarly coordinate a massive sell off. This is often visualized as those exaggerated green and red spikes on a trading chart sending the price of bitcoin through lines of resistance or support. This, in turn, can then trigger further exaggerated selloffs. Additionally, inexperienced traders have little to no business trading on leveraged accounts. The vast majority of those who try will walk away in a world of pain carrying a huge loss on their shoulders. But... if some schmuck goes all in on leverage and loses their investment and goes broke, isn't that their fault? Well, yes. That would be a tough pill to swallow, but technically yes, it's their fault. But rather than laugh and point at this person, shouldn't we be encouraging others to embrace cryptocurrency? I think leverage exposes all the wrong things about trading cryptocurrency, yet leverage is exactly how centralized exchanges like BitMEX make their money. This leads me to my second point.
  2. Criminal charges against a centralized exchange facilitates the need for decentralized exchanges. What the hell is a decentralized exchange? From wikipedia: A decentralized exchange (DEX) is a cryptocurrency exchange which operates in a decentralized way, i.e., without a central authority. Decentralized exchanges allow peer-to-peer trading of cryptocurrencies. Because users do not need to transfer their assets to the exchange, decentralized exchanges reduce the risk of theft from hacking of exchanges. Decentralized exchanges can also prevent price manipulation or faked trading volume through wash trading, and are more anonymous than exchanges which implement know your customer requirements. I remember when I first heard about decentralized exchanges I thought to myself... this is going to be huge! But then, no one seemed to share my excitement. Coinbase continued to thrive, followed by the likes of BitMEX and other centralized exchanges. Then, one by one, hack after hack, I finally began to see people move toward decentralized exchanges like uniswap.
I mentioned in another post that we are still in the early stages of crypto development. While bitcoin has been around for over a decade, we are just now beginning to gain traction in other areas of innovation and growth. If there was ever a time to break out of the same corrupt pattern of conventional finance, now is the time!
submitted by myhaxdontwork to CryptoCurrency [link] [comments]

It just happened. It's official. Mark this day. Nov 10. Bitcoin Cash has officially upended Bitcoin's 24 hour volume. A world's first.

It just happened. It's official. Mark this day. Nov 10. Bitcoin Cash has officially upended Bitcoin's 24 hour volume. A world's first. submitted by infectedmethod to btc [link] [comments]

ATTENTION WINDOWS USERS, ITS TIME TO STOP!!

this is a public service announcement to anyone who is foolish enough to still be using windows 10 windows 8 windows 7 vista and also windows xp your operating system is now fully compromised and no this isn't the same as indian scammers trying to hold your data hostage for google play cards or pictures of bob's and vagine or the cia backdooring your operating system so that they can spy on you it is far worse than that the international hacker known as 4chan has successfully reverse engineered your operating system they know the source code they've observed all of windows xp's vulnerabilities which means they know the vulnerabilities of all windows operating systems that have come after it because let's face it ever since windows xp all microsoft has really done is create some new themes for your desktop and add more spyware to windows and also forcefully push out updates and things are about to get even worse you thought viruses like wannacry caused a lot of damage that's child's play the viruses of old were created by much less skilled hackers that didn't even have the source code of your operating system but now microsoft's spaghetti code it's out in the open everybody can see it and your computer is more screwed than an unchaperoned toddler on epstein's island during a bill clinton visit your colonel is going down faster than a golden retriever at the atf's headquarters now before you go into full panic mode and start freaking out there are some solutions for you to continue using your computer my personal recommendation is to load up d-band completely remove any trace of windows or any other proprietary operating system that came with your computer and then installed gentoo and use that for the rest of eternity to do your computing if you can't figure out how to use gentoo then you have the option of using linux mint which is another approved gnu slash linux operating system that is more noob friendly and kind of similar to windows in the layout just minus all of the horrible bullcrap and spaghetti code that makes up windows if you can't figure out how to install linux mint then you should just sell your computer purchase a horse and buggy and go be amish in a field somewhere because it's no longer safe for you to have a computer or really any electronic device for that matter hopefully the many years of you beating off to cam girls will translate into good butter churning skills so that you can earn a living as an amish person if you fail to comply you are going to get updates forcefully pushed to your operating system which has been happening for a while now because let's face it microsoft has never even heard of the word consent but instead of these updates coming from microsoft themself bill gates himself they are going to be coming from the hacker known as 4chan and you will soon experience strange behavior in your operating system internet explorer or microsoft edge or whatever the hell they're calling that crap these days will be replaced with pale moon or a similar furry browser every day the wallpaper on your desktop is going to become an anime girl that is more and more lewd and vaguely underage as time goes on all of your home videos will be replaced by forceful tentacle hentai all of your family photos are going to be replaced with pepes that become more and more racist as time goes on oh and also your webcam will permanently live stream to live league so watch out for chinese truck drivers and off-duty brazilian police officers now i don't want to hear any of you wondering why is this happening all of a sudden oh woe ways me why does something like this have to happen to me no you've been warned for years and years about the dangers of proprietary software and yet you did nothing richard stallman went out of his way to make speeches at college campuses all across the world even doing some in spanish so that he can reach a wider audience in going days without a proper meal this man had to subsist on nutrients from the bottom of his foot and yet you still did nothing edward snowden revealed that bioluminescent government agents were living in your computer watching you watch cam girls and browse old memes that washed up on the shores of reddit all under the guise of stopping terrorism and he had to flee the united states and go live in a russian airport bathroom and yet you continued on using windows purchasing a new copy every few years making bill gates a grillionaire in the process so that he could get to his end goal of injecting windows updates directly into the bloodstream of every person in the world in newborn babies and yet you kept on using windows even though each new version removed more and more of your rights and became more and more bloated but now 4chan the hacker has taken it to the extreme you will no longer be using your operating system it will use you it will require a minimum of 2 terabytes of ram and a quantum cpu just to load up the crypto miner that's going to be required to boot your operating system now alternatively i have heard directly from the hacker known as 4chan that for one bitcoin you can purchase a subscription of windows xp yotsuba edition which will have most of the restrictions removed however your wallpaper will still be set to a lewd vaguely underage anime girl and your browser's homepage will be permanently set to 4channel.org uh also microsoft word is going to repl be replaced with vem so good luck doing your homework on there hopefully you know how to quit out of it you have been warned now go install gen 2 or suffer the consequences or like i said sell all of your electronics and go be amish because the amish don't get computer viruses
submitted by mirak97 to copypasta [link] [comments]

This is a public service announcement to anyone who's foolish enough to still be using windows

This is a public service announcement to anyone who's foolish enough to still be using windows 10, windows 8, windows 7, vista, and also windows xp. your operating system is now fully compromised, and no, this isn't the same as indian scammers trying to hold your data hostage for google play cards or pictures of bobs and vagene or the cia backdooring your operating system so that they can spy on you it is far worse then that the international hacker known as 4chan has successfuly reverse engineered your operating system they know the sorce code, they've observed all of windows xp's vulnerabilities which means they know the vulnerabilities of all windows operating systems that have come after it because let's face it ever since windows xp all microsoft has really done is create some new themes for your desktop and add more spyware to windows and also forcefully push out updates, and things are about to get even worse, you thought viruses like wannacry caused a lot of damage? that's childsplay. the viruses of old were created by much less skilled hackers that didn't even have the source code of your operating system but now microsoft's spaghetti code is out in the open everybody can see it and your computer is more screwed then an unchaperoned toddler on epstein's island dring a bill clinton visit your kernel is going down faster then a golden retriever at the atf's headquarters. now before you go into full panic mode and start freaking out there are some solutions for you to continue using your computer, my personal recommendation is to load up dban, completely remove any trace of windows, or any other proprietary bullshit operating system that came with your computer, and then install gentoo and use that for the rest of eternity to do your computing. if you can't figure out how to use gentoo then you have the option of using linux mint which is another approved gnu/linux operating system that is more noob friendly and kind of similar to windows in the layout just minus all the horrible bullcrap and spaghetti code that makes up windows. if you can't figure out how to use linux mint then you should just sell your computer, purchase a horse and buggy, and go be amish in a field somewhere because it's no longer safe for you to have a computer or really any electronic device for that matter. hopefully the many years of you beating off to cam girls will translate into good butter churning skills so you can earn a living as an amish person. if you fail to comply you are going to get updates forcefully pushed to your operating system which has been happening for a while now because let's face it, microsoft has never even heard of the word consent, but instead of these updates coming from microsoft themself, bill gates himself, they are going to be coming from the hacker known as 4chan and you will soon experience strange behavior in your operating system, internet explorer or microsoft edge or whatever the hell they're calling that crap these days will be replaced with pale moon or a similar furry browser. every day the wallpaper on your desktop is going to become an anime girl that is more and more lewd and vaguely underage as time goes on all of your home videos will be replaced by forceful tentacle hentai, all of your family photos are going to be replaced with pepes that become more and more racist as time goes on, oh and also your webcam will permanently live stream to liveleak so watch out for chinese truck drivers and off-duty brazzilian police officers. now i don't want to hear any of you wondering all of a sudden oh woe is me why does something like this have to happen to me no you've been warned for years and years about the dangers of proprietary software and yet you did nothing, richard stallman went out of his way to make speeches at college campuses all across the world even doing some in spanish so that he can reach a wider audience and going days without a proper meal this man had to subsist on nutrients from the bottom of his foot and yet you did nothing, edward snowden revealed that bioluminescent goverment agents were living in your computer watching you watch cam girls and browse old memes that washed up on the shores of reddit all under the guise of stopping terrorism and had to flee the united states and go live in a russian airport bathroom and yet you continued using windows purchasing a new copy every few years making bill gates a gorillianare in the process so that he could get ot his end goal of injecting windows updates directly into the bloodstream of every person in the world and newborn babies and yet you kept on using windows even though each new version removed more and more of your rights and became more and more bloated but now 4chan, the hacker, has taken it to the extreme. you will no longer be using your operating system it will se you, it will require a minimum of 2 terabytes of ram and a quantum cpu just to load up the crypto miner that's going to be required to boot your operating system. now alternatively i have heard directly from the hacker known as 4chan that for one bitcoin you can purchase a subscription of windows xp yotsuba edition which will have most of the restrictions removed however your wallpaper will still be set to a lewd vaguely underage anime girl and your browser will be permanently set to 4channel.org, uh, also microsoft word is going to be replaced with vim so good luck doing your homework on there hopefully you know how to quit out of it. you have been warned now go install gentoo or suffer the consequences or like i said sell all your electronics and go be amish because the amish don't get computer viruses
submitted by josephkeen0 to teenagers [link] [comments]

[FS][USA] Stone Island Crewneck, Stone Island Necklace, LV Wallet

Paypal Invoice ONLY | Shipped next day after payment w/ tracking | USA SHIPPING ONLY
ALL SOLD, THANK YOU!!
First time selling on this sub, I have sold on RepTimeBST so I know how this goes.
TAG, TIMESTAMP PROOF: https://imgur.com/a/vgGDQDF

For Sale:

TopStoney 20SS 63051 Crewneck, Olive Green. Size XL. $45 Shipped SOLD SOLD SOLD
Only worn once around the house, too small after going through the wash. I really love this piece, but it fits light a tight Large/Baggy Medium. Bought a XXL, so I don't need this. My camera makes it look kinda red, QC photos show what it actually looks like.
Pictures: https://imgur.com/a/Nc6JTmW

Stone Island Necklace, OSFA, $20 Shipped SOLD SOLD SOLD
Never worn, was bigger than I expected.
Pictures: https://imgur.com/a/w3eS0W3

LV Wallet from PurseValley, $10 Shipped SOLD SOLD SOLD
Well used for 3 years, it's falling apart. The materials feel nowhere like the real thing, pretty sure this is a fantasy piece. Funny story - I bought this thing with bitcoin, and the price I paid in 2017 is now worth like $1,300 lmao. Big L, back before I knew where to buy good reps. Selling because I got a nina pocket organizer and I don't need this anymore.
Pictures: https://imgur.com/a/nnT0XHd
submitted by spencefunk to FashionRepsBST [link] [comments]

*New Story* Do autonomous trucks dream of CW McCall?

I've got some serial stories I'd like to tell about living with (and in) technology and the industry.
Do autonomous trucks dream of CW McCall?
Falstaff’s story
“For a bright shining moment, we added a lot of shareholder value”. Falstaff had a comic with that caption in his double sized cubicle, the kind reserved for senior engineers. For a while he thought it showed that he didn’t fully buy into the corporate line, but that he’d still do as he was told as long as he had a shot at the big payout. RSUs, the big acquisition. The end of year bonus. That was the deal in the before time, when things mostly worked out for most people it seemed.
Falstaff knew he wasn’t the smartest, but he didn’t complain, didn’t pick fights and lived pretty well. His bad habits didn’t impact his work life and he still might hit it big enough to quit and try something else. To have options.
Then everything happened at once. The fires. The diseases. The chaos. Nobody knew who was in charge for a year or so. Things came back. A few years passed and the wealthy parts of the coastal cities looked shiny again. Most people called it normal. To the casual eye, it was. You could still get sushi delivered to the office late at night, ski in the Rockies if you could take the time off. Things were pretty good if you stayed where you belonged and kept your metrics up. Things fell off as you went East or to the not-so-quaint rural areas that couldn’t swing a music festival or good photo opportunities for social media. Go far enough and you found the places where the Feds just walked away. Not our problem any more.
That’s how Falstaff saw the world and his place in it. He had’nt had much sleep. Drugs, risky behavior and the self-loathing kept him occupied, making his morning commute that much less pleasant. He stopped staring at the RVs and tents parked on the land next to the on-ramp as he got on the 101. He jabbed the infotainment system to find some noise to sooth or at least distract him.
“Today, the Department of Energy announced that repairs have been completed ahead of schedule for the Diablo Canyon Power Plant. Radiation levels are now below acceptable levels for the first time in three years”
Click.
“We’ve got an autonomous truck accident with a car by Exit 6 on the 280 Eastbound, so expect delays while CHP and a support team from Freightliner gets that cleaned up”
Click.
It didn’t work. He still felt adrift and unhappy in the morning commute, so he silenced the radio and drove to the office.
The office was uneventful. Park, security checkpoint, a long walk to his building, a coffee on the way to his cubicle. He pulled the privacy screen closed behind him and sat down. A quick scan of his eyes and there was his project- a payment processing application that would cut out another payment application for a small percentage of a massive stream of money.
He looked over last night’s chatter, split the tasks into ‘do the work’ and ‘show that I’m adding value’ categories.
The fear and sadness caught up with him. He wasn’t ever going to get out. If he ran as fast as he could, he’d stay exactly where he was until his rent outpaced his income. His stock options would vest just fast enough to keep him going, but he’d never get out.
The morning dragged. Tweak this, report this to someone else. The bureaucratic minutiae and make-work washed over him until lunch. He looked forward to lunch with Tran, hoping that might get him out of his funk. Tran wasn’t so much a friend as one of the few people who admitted how screwed up everything was, so there wasn’t any danger of speaking the obvious and getting a negative reputation.
Tran was out today, so Falstaff ate leftovers and instant noodles in his cubicle.
His phone buzzed. There was a message on MomTalk, a chat for wealthy mothers to discuss brunch, day drinking and their children.
An engineer friend of Falstaff’s set it up as a joke to lampoon the women she couldn’t stand and her friends played along, adopting over the top personae and complaining about nonexistent spouses and domestic staff. After things came back, it was a way to talk freely, if in code.
Heather: Hey. I’m in deep trouble. The Nanny’s unhappy and I need someone to pick up the kids.
Falstaff sighed. Tran must need something.
Sheila: Missed you for lunch. Not feeling well?
Heather: Serious. My kid is stuck under my desk and I need him to come home. UNDERSTAND? NOW!
Sheila:kk.
He got up, took his brown cardboard biodegradable instant noodle container and walked a few rows over to Tran’s cubicle. Where Falstaff’s cube was disorganized and well worn, Tran’s was sparse with better furniture. Falstaff felt under the desk and noticed a decal with one end loose. A quick pull and the label peeled off into his hand, along with a small flash memory card, the size of a fingernail.
He stood up and quickly looked up and down the aisle between the cubicles. Nobody noticed. Nobody really paid much attention to him on a good day unless they needed something from him anyway.
Back in his own cubicle, he went back to the chat:
Sheila: How urgent is this? Chip can have dinner with us or we can drop him off on the way to fencing class.
Heather:NO TIME. FAMILY’S HERE AND THINGS ARE TENSE.
Heather:RUN. GET OUT NOW.
Heather:REALLY.
Falstaff was concerned. Tran didn’t make jokes. Laughing at Falstaff’s attempts at humor was enough. He had figured that Tran’s talk of ‘having gangsters in his family’ was an attempt to seem dangerous despite being a cubicle denizen, the way middle aged men bought loud motorcycles that they never rode.
He folded the decal over the card, pressed the sides together and dropped it in the instant noodle cup, then pushed it down with the corn-plastic chopsticks.
The background chatter got quiet and multiple employees raised their heads prairie-dog like. Several members of the company security detail were looking through Tran’s cubicle. Geoff, the brush-cut ex-cop security guard for this building was standing in the aisle attempting to look like he mattered to the operation as the more polished and definitely better paid detail carefully boxed the contents of Tran’s cubicle.
Falstaff picked up his phone and noodle container and started walking towards an exit away from the commotion. Geoff noticed and walked briskly after him. As Falstaff walked out of the building, Geoff called out his real name, then jogged behind him, puffing his half a size too small corporate logo’d golf shirt.
Ironed golf shirt.
Falstaff heard Geoff behind him, but decided to ignore him. Geoff was a blue-badged contractor, safely ignored. Normally.
Geoff ran in front of him and blocked his path to the parking garage.
“You wouldn’t happen to know where Tran is, would you? I’ve seen you with him ”
Falstaff tapped on his white badge. “You’re not my real dad. You can’t tell me what to do”
Falstaff squeezed past him into the parking garage’s doorway.
Geoff glared at him while Falstaff got in his car and put the noodle carton in the fancy retracting cupholder. He started his car and drove off as calmly as he could manage. Despite his attempt at seeming indifferent, his mind was racing. He attempted to make good time without getting attention. Luckily, silver Porsches were a cliché and therefore almost invisible in the Valley.
Twenty minutes later, he was in his mid-grade two bedroom apartment overlooking the parking lot. His cat, Hank, greeted him with a raised head and half open eyes.
Falstaff gave the cat some perfunctory petting, while trying to sequence the next few tasks.
He went to the refrigerator in the kitchen, carrying the ramen cup in one hand. He selected a can of energy drink and thought for a second.
His smartwatch and phone went in the freezer. Fishing the wrapped memory card out of the cup, he picked up the can and walked to his couch, where a bestickered high end laptop rested. Debating between speed and security, he turned off networking on his laptop, then inserted the card into the laptop gingerly, mounting it read-only in case Tran left something aggressive on the card.
Huh. A couple really large encrypted files. And seven smaller files with long filenames of seemingly random numbers and letters. He ejected the card and gingerly placed it on the arm of the couch.
The file names were bitcoin addressses. A lookup showed a total value of almost $600 million in value there.
The files themselves were encrypted. Falstaff stared at the wall for a minute or two, then realized that Tran had decided to quit and take an unauthorized retirement bonus from their shared employer. Enough money to kill for.
Who knew about this, and more importantly, who knew Falstaff had the key? Tran did. Perhaps his gangster friends knew.
He pulled his phone out of the freezer. A few project related emails and three MomTalk direct messages.
Heather:???
Heather:Where y’at?
Heather:I have investors. They’re quite insistent. They’re on their way to you.
It was time to go. Now.
Falstaff put the laptop down and ran to his bedroom. He pawed through a closet and pulled out the giant duffel he used to carry two week’s laundry from his grad student apartment to the cheaper off-campus laundromat. He quickly shoved a variety of clothes, some scuffed hiking boots and some corporate branded technical outdoors gear into it.
Behind a shelf, he found a long, antiquated Russian bolt-action rifle and a few paper-wrapped boxes of bullets. It wasn’t the firearm someone on the run would want, but it’s what he had. It went into the duffle bag, which he dragged into the living room. Hank jumped down and inspected the bag.
“Hank, I’ll hook you up in a second”
A quick scour of the kitchen and Falstaff had two thick trashbags and a box of water jugs with his current employer’s old logo on them, which he emptied into the sink and turned on the faucet.
As the sink filled, he filled the trashbags with whatever looked useful- tools, hobby electronics, his laptop and cat food. He pulled out a fat stack of cash from the bottom of his drug stash box. He contemplated forced sobriety, then carefully closed the box and put it in the bag, along with the cash.
Don’t change everything at once, he thought. Now isn’t the time to risk sobriety.
Falstaff rummaged around in the hall closet and dug out a bright pink cat carrier and stuffed Hank into it, then turned to the overflowing sink in his kitchen. He opened and filled the bottles in what he hoped was an efficient use of time, then pushed them back into the box.
His phone buzzed again. He contemplated throwing it back in the freezer, then thought better of it, shoving it and the watch back in his pocket.
Hank started meowing.
“We’re not going to the vet today, dude. Shut it for now”
Falstaff looked out his window. Typical traffic. Typical parking lot. A few charging stations, a fence and tents on the other side. He opened the window and threw the bags into the bushes below. He picked up Hank’s carrier, his laptop and looked at the box of water bottles.
Wait. Stop. Think. Breathe.
Tran’s card. A minute of searching found where he left it on the couch. He stuck that in his pocket, then ran out of his apartment. He considered the elevator, then decided on the stairs as they were closer to the bags and his car.
A few minutes of pushing and shoving had the trash bags in the front trunk , the oversized duffle in the passenger seat and Hank’s carrier seat belted in the tiny back seat. He spun the tires and entered the flow of traffic, such as it was.
He looked at his phone. More people seemed to want a response. Ignoring them, he found the closest florist’s shop and fifteen minutes later, pulled into the strip mall that contained it.
A few minutes later, he was in possession of three “Birthday Balloon Extravaganzas”, finishing off the shop’s tank of helium and a bit of Falstaff’s cash. He tied the strings around his smartwatch and let it rise and drift past the confines of the parking lot. The hastily constructed wad of tape and ribbon connecting his phone to the other two Extravaganzas generated a more labored flight, but eventually it drifted away. He looked into the shop’s camera and flipped it the bird as he left and jumped back in his car.
Soon he was back on the road, relaxing with his elbow out the window. Despite the stop and go traffic, he felt safe enough to relax and make longer range plans. Even Hank had settled down for the moment. The hot air felt less oppressive somehow. He contemplated the right set of music for an escape from civilization, trying on a few genres to decide. The screen also showed that the freeway was less than a quarter mile on the right and traffic would be light.
Good.
Then he looked again at the screen and thought about antennas. His radio talked to the cell tower, which talked to the Internet. Every application knew where he was.
Which meant Tran’s investors or their ex-employer could know as well.
One hand on the wheel, he looked around for something to pull the radio out of the dashboard. Hank meowed.
“You have an idea? No? Please be quiet”
Rummaging around in the glove box, he noticed an old folding knife. Falstaff slowly pried the radio from the dashboard while occasionally looking up at the tailgate of a modern SUV ahead of him. Realizing there was a rear-facing camera on the SUV staring at him, he slid down below the dash as best he could.
A few more stop and go cycles and the radio was free of the dash. He unplugged cables by feel, but one took his attention away from the road while he pried at it with his knife
He was distracted by a horn blast by his ear. Another SUV was forcing itself into his lane while the driver gesticulated at him.
Falstaff reciprocated by waving angrily at him, knife still in hand. The driver of the SUV held the horn down, angering Falstaff enough to open the window and throw the now free radio at the noise.
Feeling the embarrassment, he jerked the wheel to the right and accelerated into the bicycle lane with a chirp of tires and howl from the engine behind him.
A minute later, he was on the highway, quickly leaving Silicon Valley. He hoped to make the Nevada line before anyone figured out what he was doing.
submitted by lawtechie to talesoflawtechie [link] [comments]

Bad Architecture, part 3, digging deeper...

Part 1 Part 2
I'm at $BigClient, which is taking a Citroen like approach to infrastructure and operations. "We recognize that the McPherson strut is simple, efficient, good enough for most use cases and accepted by everyone in the industry, but we shall do it with hydraulic fluid at high pressure. What could go wrong?"
Except $BigClient's far away from a competent Citroen shop. $BigClient's Citroen has gone through a few years of 'just keep it running on the cheap' upkeep without access to factory parts.
I've got an odd patching problem on a handful of servers. Systems are rolling back to insecure versions (2.0.2 ->1.4.6) and nobody knows why.
Or at least, nobody's talking.
I don't know what to do yet, so I decide to go and get lunch. I work out the possibilities.
  1. There's something wrong with our validation procedure- they're actually patched and we're reading the wrong thing.
  2. There's something or someone else downgrading these systems.
Number 1 requires more documentation, which $BC doesn't seem to want to show me. Number two might be hiding in logs, which are emailed to me on a regular basis.
I walk back to my cubicle, grab my laptop and a notebook and find a quiet corner to figure things out. I find one in a tiny conference room.
I read through my emails and search for any of the logs from the api servers.
I spend about ten minutes on Stack Exchange for the appropriate sed, awk, tee and cat munging to pare them down to what I want. Eventually I dump them all to Excel, because I am a bad person.
Some filtering and I can see what's going on. The system orchestration updates each server every other midnight. I see about three quarters of them download the 2.0.2 version as a part of the night's update.
Every two nights a (seemingly) random selection of servers updates. I scribble the order on the conference room whiteboard and stare at them for a few minutes.
Nothing in the orchestration system logs shows another process loading the older 1.4.6. version. But something is.
Nothing in the logs emailed to me obviously points to another process.
I take a walk to get a coffee and think. Nothing comes to me and I have to scour the kitchen for unflavored coffee. I walk back to my conference room to find an intern-like person.
me:"Hey, I apologize. I didn't know the room was reserved. I'll take my stuff."
Other person:"That's ok. Are you Rob?"
me:"Nope, sorry"
I take my stuff and make my way back to my cubicle.
A few minutes searching leads me to a shared root password for the servers stored in the password vault.
I login to one of the remaining servers running 2.0.2 and look at the running processes. Nothing obvious like "random updater".
I'm stumped.
I lean back and stare at nothing in particular trying to come up with some ideas.
Unfortunately, it's fairly packed and I'm next to a bullpen.
Voice 1:"So the Sky Caps put blotter in the vat without telling anyone"
Voice 2:"Hilton Honors kicks' Marriott Bonvoy's ass any day."
Voice 3:"No, I'll pick her up at 4"
The voices wash over me in some clip reel workplace sitcom haze. I'm not going to get anything done. I take a walk around the offices to get the lay of the land. It's a Hanna-Barbera cartoon of grey cubefarms, tan breakrooms, free coffee but no snacks. The only attempts at color are people's cubicles. Family pictures, shirtless men with fish, desk toys and action figures. It's like a mall- everything's pleasant, non threatening and in identically-sized stalls, with colorful (but bounded) individuality, all for commerce.
Then I find the Hot Topic meets Successories manifesting in a cubicle. There are two dorm-room sized posters of the gold Bitcoin-coin, along with framed inspirational quotes about success and perserverance set against pictures of Game Of Thrones characters and muscle-bound men in insignia-less camo. A new leather jacket with an embroidered skull is on the back of the chair. This person is either a hoot or insufferable.
I keep walking. I have a breakthrough.
Where are the API servers getting the older version to install? Maybe that'll lead me into the library. I'm not yet Adso, but perhaps I'm one of the other ,lesser scribes copying my book and scribbling fanciful drawings of the things I miss, like decent coffee and a cell-mate that doesn't snore.
I walk back to my cubicle. A different intern-shaped person is in the conference room, all alone.
I can't save them. Eventually they'll be standing in the corner of their cubicle looking away while the middle manager cleans out the rest of their team.
I'm in my seat. Some searching results in a few possible repositories. Some more searching finds me the one repo that still has v1.4.6 of this application.
Just to make sure, I compare a downloaded copy of v1.4.6 and the installed version of v 1.4.6 on one of the servers.
I search all the folders and files for the URL of the repo server and find it.
In the application itself. The server waits every two days and looks to the repo. If the installed version is not equal to v 1.4.6, it downloads v 1.4.6 from the server and installs it, then forces a restart.
This code is commented out (made non-executable) along with an actual comment:
/REMOVE BEFORE PRODUCTION
I quickly scan through the API servers to find one of the ones still running 2.0.2. I search for the term "REMOVE BEFORE PRODUCTION"
And there it is, in the application code.
Except it's not commented out.
In a text editor, I write up my findings, conclusion and a recommended fix- delete the upgrade code snippet, increment to 2.0.3, push it out using the orchestration tool and call it a day.
LC Chat won't let me attach my text file, so I breathlessly LC Chat my document, line by line at Vincent, the poor bastard tasked with closing audit finding 162, the mystery of the random rollback.
Vincent:...
Clearly, Vincent is choosing his congratulatory language carefully.
Vincent:"Can't apply the fix. The application is owned by Development. They're behind on other things, so they won't update the software until next quarter."
me:"It's about thirty lines of code we can comment out"
Vincent:"Can we say it's fixed for the audit since we know what the problem is?"
me:"No. We can patch it, or we could write up a remediation plan and get it on some schedule."
me:"But that's more paperwork than the actual fix."
Vincent:"But Ops isn't on good terms with Development."
me:"So they're not going to touch it any time soon."
Vincent:"Probably not"
me:You guys own that repo server, too"
Vincent:"I don't see how that's good for anything"
me:"We cut out the update code in 2.0.2 and call it 2.0.3. We name the file 1.4.6 and replace the existing 1.4.6 on the repo server. Either the app gets updated via your orchestration server or it updates itself. We're fixed in two days either way.
Vincent:"But policy requires that we get approval"
me:"There's an exception, if you have a superior in Operations to sign off, you can call it an emergency fix. Ask Trevor. He just needs to not tell anyone else. You submit the ticket and eventually the devs will get to it and fix the problem for good. Until then, you pass that part of the audit."
Vincent tells me he's going to talk to Trevor. I'm going to take a walk. Out of curiosity, I go back to the Hot Topic cubicle to get a look at its occupant.
The jacket is gone and the monitors are off. Mystery person has left for the day, I assume. I look at the large jars of nutritional supplements with macho names- Gorilla Rage, LumberJacked, Psycho Focus".
I notice the name-plate on the outside of the cubicle.
Oh, no.
Ian.
To Be Continued...
edit- made modifications to satisfy Internal Audit 8-)
submitted by lawtechie to talesfromtechsupport [link] [comments]

An Ethereum based work of art just sold for $100K. A bit of hype right now around NFTs, but Ethereum's high-end crypto art market is actually really interesting. Overview here.

An Ethereum based work of art just sold for $100K. A bit of hype right now around NFTs, but Ethereum's high-end crypto art market is actually really interesting. Overview here.
With DeFi markets sputtering earlier this week, crypto twitter seemed to suddenly shift its attention to the next shiny new thing this week: NFTs, or non-fungible tokens.
But NFTs aren’t new. In crypto, the concept has been around for over 5 years. However, this market cycle, they are inherently more interesting. Today, I’ll briefly sum up what NFTs are and dig into one fascinating aspect of this market: high-end crypto art.
What are NFTs
Items that are fungible can be replaced with another identical item without anyone caring. For example, any $5 bill can buy a hotdog just as effectively as any other. Bitcoin, ether and pretty much any crypto asset you see on messari.io fall into the “fungible” bucket.
Items that are non-fungible are unique and can’t be exchanged 1 to 1. The simplest example being art. Try asking the people at the Louvre to swap your 5 year-old’s crudely painted hand-turkey with the Mona Lisa and you’ll experience true non-fungibility.
https://preview.redd.it/wabbc50v0cp51.png?width=599&format=png&auto=webp&s=22a525f284411f461d4d8399d76b840e8dad10fa
So in the crypto world, NFTs are simply tokens that represent something unique. Unsurprisingly, NFTs attached to unique pieces of purely digital artwork are gaining steam.
Crypto’s Art Scene
In many ways, much of crypto is simply the recreation of existing human behaviors in a purely digital environment. Markets. Trading. Lending. Borrowing. Speculation. As such, it should be no surprise that markets have formed around trading and speculating on works of digital art.
Like NFTs, crypto art markets have been around for years. As with NFTs and DeFi as a whole, the underlying technology is much more mature this cycle. Add in the fact that there’s a ton of freshly created wealth in the space from DeFi’s casino summer, and you get a crypto art market that’s heating up. After all, investors need to park all those DeFi gains somewhere.
Nowhere is this combination of technological sophistication and wealth on display than in this piece from Matt Kane titled, “Right Place - Right Time” that sold for almost $100K on a platform called Async Art.
https://preview.redd.it/qq5j33ua1cp51.png?width=2048&format=png&auto=webp&s=82833bb1eeb4af49f53e2c171fc8da93f32d1688
Right Place - Right Time
If you look at the above screenshot of Matt Kane’s work, it just looks like a cool piece of Bitcoin art. What’s under the hood is what makes it interesting. Kane wrote an algorithm that’s tied into a BTC pricing feed. Every 12 hours, the algorithm updates the piece based on Bitcoin’s volatility from that day, which you can see on display in this GIF.
In addition to being an evolving work of art, there are a few other components that make this interesting. For one, Kane has retained an ownership token that allows him to fine-tune the piece over time - a novel aspect of NFT based artwork that allows the artist to retain some level of control over the work. Artwork no longer has to remain static, and instead, can adapt and evolve as an artist builds upon their work over time.
Secondly, as this piece responds to the rhythms of bitcoin volatility, it will mint 210 individual NFTs based on significant days of movement. For example, say BTC hit’s $20K, a new NFT will be minted and sold based on what the piece looks like on that day. Whoever buys that NFT will have the ability to claim a physical print version.
The next point of interest are the rights baked into the sale. The work was purchased by a collector going by the name of TokenAngels. As the piece generates and sells new NFTs, TokenAngels will receive 21% of each new sale. So in addition to the potential for the work to increase in value, it’s also a productive asset. Again, something fundamentally new, all codified into the underlying work
A Shift in the Balance
Traditional art is a $65 Billion dollar market, with the balance of power firmly in the hands of wealthy collectors.
There was an infamous contemporary art sale in the 1970’s by a collector named Robert Scull. Scull bought up works from living artists around the world from $600-$10,000 and then sold them at auction for many multiples of his purchasing price. All-in-all, Scull’s total collection sold for an unheard of $2.2M ($14.7 million adjusted for inflation today).
While this auction is credited for the birth of the highly speculative contemporary art market, Scull was criticized for how little of the windfall went to the actual artists. For example, Scull bought a piece from an artist named Robert Rauschenberg called, “Thaw” for $900 and sold it for $85,000. Rauschenberg didn’t see a dime in royalties.
NFTs come with the benefit of more artist-friendly terms, leading to a shift in the balance of power between artist and collector. Note that TokenAngels receives 21% of the residual NFT sales from Matt Kane’s piece, not 100%. Similarly, an NFT art marketplace called SuperRare bakes a 10% creator royalty commission into all secondary sales - something Robert Rauschenberg would have appreciated in 1973.
A New Frontier
More artist-friendly terms along with curated marketplaces like SuperRare and Async Art are attracting a flood of new artists into the space. For a profession that’s notoriously impoverished, the allure of large amounts of money sloshing around these markets make crypto art even harder to ignore.
In addition to Matt Kane, we’re already seeing early signs of a new breed of artists. Another name gaining steam is an artist that goes by the name of Pak. In true crypto fashion, Pak is completely anonymous and there’s speculation over whether their art is the product of one person or of artificial-intelligence produced by a collective of engineers. Pak has over 140K twitter followers and has sold over $350K in NFT artwork, including this piece that recently went for around $10K.
Given that this is crypto, it’s also worth noting just how ripe these markets are for manipulation. Imagine how easy it would be for a whale to purchase a Pak piece for $10K, sell it to a friend for $25K, buy it back for $50K and then sell it to an unsuspecting speculator for $100K. Wash trading has already become problematic on a platform called Rarible and undoubtedly is taking place. (Rarible has recently introduced platform fees in order to disincentivize wash trading, although it likely won’t be a bullet-proof solution to the problem).
What’s Next
Wash trading aside, all of this speaks to the fact that the NFT hype isn’t without merit. These are new behaviors uniquely made possible through new marketplaces primarily built on Ethereum. And crypto art is only the beginning.
NFTs can and will be used to represent other non-fungible items. The obvious being other forms of creative outputs like music. Less obvious but equally intriguing are financial contracts like insurance. Imagine taking out a policy on your work of art that insures against loss of the work’s private keys.
The integration of DeFi primitives into the NFT space is accelerating rapidly. For example, using a platform called NFTfi, you can now post your NFT as collateral and take out an ETH denominated loan. Another platform, Niftex enables NFT holders to fractionalize their assets into multiple tradeable tokens. While these applications are new, it’s not hard to see them taking off alongside the rest of the crypto art and NFT market.
In a few decades, the rise of Ethereum art markets might be comparable to Robert Scull’s introduction of the speculative contemporary art market. The key difference is that this time, artists will be well compensated for their work. Perhaps the masterpieces of the future will be on display in galleries held in metaverses like Decentraland, each insured by NFT policies, on loan from the collector with the original artists still collecting royalties on their work years after inception.
Source: Messari
Stay up on all-things NFT
Mason Nystrom has been a great source for all-things Web 3 and NFTs, so give him a follow on twitter,
More resources (paywall warning)

submitted by CryptigoVespucci to ethereum [link] [comments]

Wash Trading: How a lot of Cryptocurrency Volume is Fake Bitcointoolmining Free Bitcoin Ethereum Cloud Mining How to mine Bitcoin and Ethereum on bitcointo How to Manipulate the Crypto Market Money Laundering 101 💰 How Criminals Use Bitcoin To Hide ... TOP 10 Wash Traded Coins! Is Your Crypto Manipulated!?

28.08.2020 - Hey Bitcoin Fans, Willkommen zur Bitcoin-Informant Show Nr. 958. Heute geht's um folgende Themen: Bitcoin 16k oder 9,6k & Wash Trading Verdacht Razzia bei Bitcoin Börse Coinbit . Wash trading is an epidemic in the Bitcoin markets. For those that are not aware, a wash trade is where a person buys and sells to their own order. Originally I presumed that wash trading was being… Die Krypto-Börse soll 840.000 Wash Trades im Wert von 590.000 Bitcoin durchgeführt haben. Dies entspricht mehr als 90 Prozent ihres Handelsvolumens für den relevanten Zeitraum. Anschuldigungen gegen drei Mitglieder der Coinsquare-Chefetage. Die OSC macht drei Mitglieder des Managements aus, die für das Wash Trading verantwortlich sein sollen. Im Zentrum der Anschuldigungen steht mit Cole ... Bitcoin transactions are recorded on a public ledger. Anyone who traces a public address can know the origin and/or destination. There is no protocol-level procedure to anonymize these bitcoins, which is why a Bitcoin mixer is required to hide identity.. Bitcoin mixing is a process that tries to break the linkability or traceability. Bitcoin SV Pump and Dump. Total crypto market capitalization has declined a couple of percent overnight as altcoins correct from massive gains this week.Most are marginally in the red but the one that led the bull run is dumping double digits leading analysts to question its validity in the first place.. Since its FOMO driven surge to top $430, Bitcoin SV has crashed over 50% in a slide back ...

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Wash Trading: How a lot of Cryptocurrency Volume is Fake

Wash trading bitcoin and cryptocurrency explained! - Duration: 11:23. FUD TV 9,549 views. 11:23 . How To Know When To Buy And Sell Cryptocurrency - Duration: 9:57. GramDoctor 20,373 views. 9:57 ... How are criminals using bitcoin to launder money? How is money laundering with bitcoin different from traditional money laundering methods? Wash trading bitcoin and cryptocurrency explained! - Duration: 11:23. FUD TV 9,531 views. 11:23. Gold, Silver & Crypto: Insurance Against a Corrupt Fed - Kiyosaki, Anthony Pompliano, Brien Lundin ... The laundry list is out! & Chico Crypto is bringing you the TOP 10 wash traded cryptos that have volume worth talking about. 90-95% of cryptocurrency volume ... Onecoin promised the world, but only proved to be a trail of destruction. --- About ColdFusion --- ColdFusion is an Australian based online media company ind...

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