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Merged Bitcoin - Part 3

arthwollipot said:
Consider getting something other than Bitcoin, which is about the least stable of the many, many different cryptocurrencies available. Etherium is one of the best, which is why it is the base for NFTs. It holds its value a whole lot better, and you can easily convert it to BTC when you need to actually use it.

I bought $100 in Bitcoin on one day, right before the 2018 bubble burst. Overnight it dropped in value to $15.
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Lol.
 
lomiller said:
It doesn't look like you have even read it. Climate change is barely mentioned in passing but there is a section on how people in some countries regularly experience blackouts as a direct result of bitcoin mining.

The whole article discusses the damage bitcoin in doing to online service providers, open source software, software projects in general, computer gaming, malware, etc.
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There are also people in, for example, Venezuela, who manage to eat because they had the foresight to invest in bitcoin, as opposed to "saving" in the Bolivar. Incidentally, people regularly experience blackouts in Venezuela because of the communists who run Venezuela.
 
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I know almost nothing about Bitcoin, except that it caused me to receive an awful lot of spam, some of it emails threatening that if I don't pay some spammer X amount of bitcoin, he's going to wipe my HDD/Files etc.

I say "caused" because about a year ago I dealt with it by making an email filter which takes any email that mentions Bitcoin, B!tcoin, Bltcoin, Bitco¡n or any other combinations of letters and characters designed to read as "Bitcoin" but look like something else to get past spam filters, go straight to the trash folder.

My HDDs still haven;t been wiped!
 
smartcooky said:
I know almost nothing about Bitcoin, except that it caused me to receive an awful lot of spam, some of it emails threatening that if I don't pay some spammer X amount of bitcoin, he's going to wipe my HDD/Files etc.

I say "caused" because about a year ago I dealt with it by making an email filter which takes any email that mentions Bitcoin, B!tcoin, Bltcoin, Bitco¡n or any other combinations of letters and characters designed to read as "Bitcoin" but look like something else to get past spam filters, go straight to the trash folder.

My HDDs still haven;t been wiped!
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Wow, thats impressive, you are indeed a smart cooky. Can you advise on how one sets up this thing called a spam filter?


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Tippit said:
Wow, thats impressive, you are indeed a smart cooky. Can you advise on how one sets up this thing called a spam filter?


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Unnecessary snark noted.

I also have a spam filter, it comes default with Thunderbird. My email provider also has a spam filter (SpamGuard IIRC), but automatic spam filters are not 100% effective, and worse, they sometimes filter out stuff that you don't want filtered out, that's why I use manual filtering to block the stuff that gets past - many of the Bitcoin emails were getting past both filters even though I have trained them.
 
smartcooky said:
Unnecessary snark noted.

I also have a spam filter, it comes default with Thunderbird. My email provider also has a spam filter (SpamGuard IIRC), but automatic spam filters are not 100% effective, and worse, they sometimes filter out stuff that you don't want filtered out, that's why I use manual filtering to block the stuff that gets past - many of the Bitcoin emails were getting past both filters even though I have trained them.
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Thats awesome. Those bitcoin guys can’t get you.


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Tippit said:
There are also people in, for example, Venezuela, who manage to eat
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bitcoin doesn't create food, so at best a handful of people got someone else's food. You also need to consider the food that spoiled because of blackouts. The less bitcoin farming the less food would spoil which would mean more people get to eat.
 
smartcooky said:
Unnecessary snark noted.

I also have a spam filter, it comes default with Thunderbird. My email provider also has a spam filter (SpamGuard IIRC), but automatic spam filters are not 100% effective, and worse, they sometimes filter out stuff that you don't want filtered out, that's why I use manual filtering to block the stuff that gets past - many of the Bitcoin emails were getting past both filters even though I have trained them.
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That's no guarantee you are not unknowingly running a javascript bot that is mining bitcoin for someone.
 
lomiller said:
That's no guarantee you are not unknowingly running a javascript bot that is mining bitcoin for someone.
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Wait, is that a thing now? Would make sense, from a miner's POV, if they were unscrupulous that is. I guess they'd make sure the regular functioning of the machine isn't disrupred, or slowed down significantly, so that the mining goes undetected.

How would one know, if one's computers were compromised in this fashion? (Assuming you're not speaking hypothetically about this, of the kind of thing that might eventually happen.)
 
Chanakya said:
Wait, is that a thing now? Would make sense, from a miner's POV, if they were unscrupulous that is. I guess they'd make sure the regular functioning of the machine isn't disrupred, or slowed down significantly, so that the mining goes undetected.

How would one know, if one's computers were compromised in this fashion? (Assuming you're not speaking hypothetically about this, of the kind of thing that might eventually happen.)
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Well there are 2 kinds .. first there is the normal virus .. so it should get detected and stopped by your anti-virus software. Good thing something like mining will load the computer fully, so you are likely to notice. The computer will be slower, and fans will run loud.

Then there are javascript miners .. they run on a webpage, while you are reading it. When you close the page, it's gone. It might be just minutes, and javascript mining is very weak, but if million of visitors do that, it can be something. Some pages even did it openly, as a form of supporting the site.

Haven't seen it in long time though, I guess it's not worth the hassle. I mean the javascript miner. Malware miners are hot, usually optional part of slave botnets.
 
lomiller said:
bitcoin doesn't create food, so at best a handful of people got someone else's food. You also need to consider the food that spoiled because of blackouts. The less bitcoin farming the less food would spoil which would mean more people get to eat.
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Of course! The socialist blames a cryptocurrency for the failed policies of the communist Maduro regime.

The corrupt Venezuelan communists counterfeit the Bolivar and buy up all the food, and all the other valuable assets leaving everyone else with destitution and hyperinflation.


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Dr.Sid said:
Well there are 2 kinds .. first there is the normal virus .. so it should get detected and stopped by your anti-virus software. Good thing something like mining will load the computer fully, so you are likely to notice. The computer will be slower, and fans will run loud.
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Right, so not likely that kind of thing will go unnoticed.


Then there are javascript miners .. they run on a webpage, while you are reading it. When you close the page, it's gone. It might be just minutes, and javascript mining is very weak, but if million of visitors do that, it can be something. Some pages even did it openly, as a form of supporting the site.
Haven't seen it in long time though, I guess it's not worth the hassle. I mean the javascript miner. Malware miners are hot, usually optional part of slave botnets.
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This actually -- not considering the whole environmental impact thing, that is -- sounds both fair and a cool alternative legitimate source of revenue for websites. But of course, we can't not consider the whole environmental impact thing, so I guess not.
 
trustbutverify said:
Show me well supported, documented evidence that there are more then 100 crypto billionaires. Better yet, show me there are more than 50. It's possible you're friends with one of them, but extremely unlikely.
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Tippit said:
No.
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So I can base my conclusion on math or some guy on the internet typing the word "no" on his keyboard.

I'm gonna go with math.
 
trustbutverify said:
So I can base my conclusion on math or some guy on the internet typing the word "no" on his keyboard.

I'm gonna go with math.
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I didn’t make any claims about the number of crypto billionaires, nor do I really care. I just claimed that I know one (he’s worth closer to $2B). If you’re interested in the subject of bitcoin billionaires, then google “bitcoin whale list”. If you don’t believe me, I don’t care. It’s not like I’ve seen any of it. Early on, he sent me five bitcoin in an email. I didn’t take it seriously and never created a wallet at the time to redeem them.

As of today, that was a $274,000 mistake. I just threw it away. At least I have the .09 that he sent me with the hardware wallet.


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Tippit said:
I didn’t make any claims about the number of crypto billionaires, nor do I really care. I just claimed that I know one (he’s worth closer to $2B). If you’re interested in the subject of bitcoin billionaires, then google “bitcoin whale list”.
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Ok you don't mean that he actually has 2B in assets or cash. He would have 2B if he could get rid of those BTC.
 
Tippit said:
I didn’t make any claims about the number of crypto billionaires, nor do I really care. I just claimed that I know one (he’s worth closer to $2B).
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You claimed you were friends with a crypto billionaire. I claimed that, while possible, that relationship was massively improbable. I stand by that claim.
 
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