Jump to content

asswipe

Active Members
  • Content count

    140
  • Joined

  • Last visited

  • Days Won

    2

asswipe last won the day on August 21

asswipe had the most liked content!

Community Reputation

55 Excellent

About asswipe

  • Rank
    Registered user
  • Birthday 02/19/99

Profile Information

  • Gender
  1. Fun stuff

    https://fitvitalik.io/
  2. The $280M Ethereum bug.

    https://gitter.im/paritytech/parity?at=5a008ef75a1758ed0f9610d6
  3. Fun stuff

  4. "Let me lay out a scenario for you and you tell me what you think: Start ICO with unlimited cap Funnel existing cryptos into your own ICO Get your funds back....since you own the ICO Get Tokens as well Sell Tokens Send BTC/ETH from tokens you just sold back to get more tokens Repeat at step 2. This scheme can go on forever, or until the token your buying goes to 0.00. Yet EOS is currently .60 cents. Meaning if I owned the contract, I can continually send money and create more money out of thin air. ICOs are capped - not because its 'normal' but because it prevents fraud. If you don't cap the crowdsale, there is no prevention against fraud. Even with a capped crowdsale there is a chance of fraud, but its economically less viable the more you do it. This is why other ICOs are not considered money laundering, there will be a point where your just buying your own tokens and its pointless. But if its uncapped, as long as the token has ANY market value (even .000001 cents) you can still make a profit doing this fraud. This is why ICO limit the amount of money they are bringing in, because if they did not set caps, there would be no way in knowing if the company bought all of their tokens themselves, or if it was a genuine firesale."
  5. Russia’s Crypto-Ruble Just Changed the Game For weeks now we’ve been getting very mixed signals out of the Russian Government about cryptocurrencies. On the one hand we see it embracing the new technology while at the same time going on the warpath against them. Because of that there is a lot of confusion in people’s minds as to what the endgame for cryptos in Russia looks like. I’ll try to clear this confusion up given what we know. But, suffice it to say, this is very good news for both Bitcoin and the Russian economy. Give me a few minutes and I’ll explain why. Putin’s Law Vladimir Putin is very much a law and order kinda guy. If you watch Putin operate in the public arena he always does so with an eye towards the law. He believes strongly in the law. And cryptocurrencies, despite their obvious benefits to a Russian economy that needs the type of disintermediation cryptos offer, operate in a legal gray area that makes Putin uncomfortable. So, the goal with Russian official crypto-policy is to stamp out the illegal activities – the money laundering, terrorism-financing, human-trafficking, etc. – while simultaneously using the technology to modernize Russia’s internal capital handling capabilities. This is what the crypto-ruble is all about. It is a way for Russia and Russians to provide a gateway between the crypto-world and the so-called real one. It ensures that this new form of ruble properly tracks capital flow through the Russian economy. By taxing crypto-rubles at the capital gains rate for those that cannot provide a paper-trail of ownership, Russia and Putin are incentivizing the development of low-cost crypto-payment systems to exchange rubles for goods only in cryptocurrencies that also track ownership, like Ethereum and others that have transparent blockchain histories. The Russian Capital Invitation Putin is openly inviting investment capital into Russia that is legal and above board. Russia wants legitimate businesses to operate in Russia in whatever currency they like as long as that business is transparent. The crypto-ruble provides the means by which to convert, transaction-cost-free, back into the national ‘fiat’ currency to pay bills, taxes and the like. This is in direct opposition to how the U.S., for example, treats cryptocurrencies. The 2014 I.R.S. rule that classified Bitcoin as ‘property’ means that every Bitcoin transaction, no matter how minor, creates a potential capital gains event. It means that buying a cup of coffee at Starbucks in Bitcoin is taxable for both the person buying the coffee (capital gains on the sale) and Starbucks when they go to sell those Bitcoins, buy dollars and pay salaries, order supplies, etc. It’s why the capital that has moved into cryptocurrencies isn’t moving back out. It’s why the ICO market has exploded. Billions in profits actively looking for new investment opportunities without paying taxes. It’s also the main reason why Amazon, for example, doesn’t take Bitcoin. Who wants that hassle? Can you imagine Amazon’s Schedule D if it accepted Bitcoin? The crypto-ruble’s structure dispenses with that for those that can prove ownership via the blockchain. Bitcoin allows for transaction transparency, so does Ethereum, Litecoin and many others. Now, cryptos can exist side-by-side with rubles without worrying about the threat of double taxation, unless you earned your money in the murk, at which point Russia wants 13% capital gains. This new system won’t bring that capital back into the Russian economy, but it wasn’t coming back anyway. Russia Embraces its Own Cryptos By calling Bitcoin as a Ponzi scheme and an avenue for money laundering Putin and the Bank of Russia are simply attacking technologies that are not home-grown. They are, like every other person in the markets, ‘talking their book.’ Putin would prefer people use platforms that are Russian. Remember, he’s also a nationalist trying to bring Russia prestige in this important market going forward. Ethereum and WAVES are both platforms designed by and built for Russia. So, you’ll notice that Putin has never spoken out against Ethereum. WAVES continues to fly under a lot of people’s radar, but it is just as disruptive as Ethereum. They both provide a platform to act as Infrastructure as a Service (IaaS) for the next generation of internet-based applications. Ethereum is a kind of operating system for Internet 3.0 while WAVES is next generation forex exchange as well as providing an easy platform for issuing new public/private equity. WAVES is what will back the Moscow Exchange’s move to trade cryptocurrencies and their derivatives. It will act at the gateway for all of the currency exchanges. So, if you have dollars, Bitcoins, rubles or Ethereum you can buy and sell stocks on the Moscow Exchange eventually. All nice and legal. All above-board. Evil Putin is looking for pension-fund investors seeing Russian bonds trading above 7% and he just gave fund managers a way to come in through the crypto-back door. Don’t think for a second that Putin doesn’t like Bitcoin as a means to attract investor capital. This is what Russian Miner Coin is all about. He just wants it to be regulated so it can ensure the public sphere is maximized. The Fight for Capital in Flight Capital will always flow to where it is treated best. Given the tenuous situation in the global financial and p0litical systems, Russia’s stable government is an asset. What investors need is the confidence of being able to get their money out after putting it back in. The scheme for the crypto-ruble is part of that confidence-building process. I know now, as an American investor, I can, for example, invest in a Russian company’s stock or bond offering directly. I can get paid my dividends or coupons in crypto-rubles, immediately exchange them for bitcoins or whatever currency I want to use as I see fit. Oh, and if I never convert them back to dollars, I can put off paying taxes until I do. That’s not really possible now, especially with sanctions. If it is possible, it’s expensive and a major hassle. Putin is a smart man with an excellent team around him. Moves like this are made in response to aggressive moves made by the U.S. to starve his country of capital, i.e. John McCain’s sanctions. He and his team understand that providing a platform by which capital can enter Russia that is barred through normal means now is key to surviving the next couple of years. It’s not his responsibility to monitor what U.S. investors do, only that they comply with Russian law. First-mover advantage is important here. If Russia continues to develop blockchain technology and embrace it in a relatively tax-free way, it won’t matter that it is ‘regulating’ the beautiful decentralized market of cryptos. What will matter is that Russia treats its crypto-investors better than everyone else. In the fight for global capital flows, you don’t have to be perfect, you just have to be slightly better than everyone else. Arbitrage will take care of the rest. And tax-free ruble/crypto exchange is the killer app that the crypto-market has been looking for to take it to the next level. Russia got there first. http://www.zerohedge.com/news/2017-10-17/russia’s-crypto-ruble-just-changed-game If Russia really is offering to exchange your cryptos into regular fiat, with only a 13% "tax" if you can't declare where they came from, then they just publicly offered a money laundering scheme to the entire world.
  6. Fun stuff

  7. Fun stuff

    https://www.reddit.com/r/Bitcoin/comments/6yz50y/saw_this_3315_still_think_about_this_poor_soul_he/dmrcy6i/
  8. Fun stuff

  9. The Fuck

    Magnificent app which corrects your previous console command https://github.com/nvbn/thefuck
  10. Fun stuff

    1 august: BCC/BTC: go fork yourself!
  11. AlphaBay Market — one of the largest Dark Web marketplaces for drugs, guns, and other illegal goods — that mysteriously went dark earlier this month without any explanation from its admins has reportedly been shut down by the international authorities. On July 4th, the dark web marketplace suddenly went down without any explanation from its admins, which left its customers who have paid large sums in panic. Some customers even suspected that the site's admins had pulled an exit scam to steal user funds. However, according to the Wall Street Journal, the disappearance of the AlphaBay came after authorities in the United States, Canada, and Thailand collaborated to conduct a series of raids and arrest Alexandre Cazes, who allegedly was one of the AlphaBay's operators. Citing "people familiar with the matter," the publication claims that Cazes, a resident of Canada, was arrested in Thailand and taken into custody in Bangkok on July 5th, the same day the police executed two raids on residences in Quebec, Canada. The 26-year-old Canadian citizen was awaiting extradition to the United States when a guard found him hanged in his jail cell on Wednesday, the Chiang Rai Times confirms. Cazes is believed to have hanged himself using a towel. Cazes had been living in Thailand for nearly 8 years. During his arrest, authorities also seized "four Lamborghini cars and three houses worth about 400 million baht ($11.7 million) in total." AlphaBay, also known as "the new Silk Road," also came in the news at the beginning of this year when a hacker successfully hacked the AlphaBay site and stole over 200,000 private unencrypted messages from several users. After the disappearance of Silk Road, AlphaBay emerged in 2014 and became a leader among dark web marketplaces for selling illicit goods from drugs to stolen credit card numbers, exploits, and malware. Unlike dark web market 'Evolution' that suddenly disappeared overnight from the Internet, stealing millions of dollars worth of Bitcoins from its customers, AlphaBay Market was shut down by the law enforcement, suffering the same fate as Silk Road. Silk Road was shut down after the law enforcement raided its servers in 2013 and arrested its founder Ross William Ulbricht, who has been sentenced to life in prison. The FBI also seized Bitcoins (worth about $33.6 million, at the time) from the site. Those Bitcoins were later sold in a series of auctions by the United States Marshals Service (USMS). http://thehackernews.com/2017/07/alphabay-darkweb-alexandre-cazes.html
  12. Ransomware cu Eternalblue (Spain)

    200'000 infections but only $32k in ransom so far 8.27 BTC https://blockchain.info/address/12t9YDPgwueZ9NyMgw519p7AA8isjr6SMw 4.0 BTC https://blockchain.info/address/115p7UMMngoj1pMvkpHijcRdfJNXj6LrLn 5.84 BTC https://blockchain.info/address/13AM4VW2dhxYgXeQepoHkHSQuy6NgaEb94 New variant with no kill-switch https://blog.comae.io/wannacry-new-variants-detected-b8908fefea7e
  13. Ransomware cu Eternalblue (Spain)

    Some Men Just Want To Watch The World Burn Some one paid for the NHS attack: https://blockchain.info/address/115p7UMMngoj1pMvkpHijcRdfJNXj6LrLn https://twitter.com/fendifille/status/862997621039878145/photo/1
  14. BTC is going UPP!

  15. Incognito mode Q&A

×