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If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.
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At times Twitter is not the platform that allows the proper conveyance of engagement, 280 characters is generally not enough; especially for myself. Given the topic here I ask that you allow me the grace of a proper platform in order to do this in a manner that leaves little question to intention.
I want to preface this given rarely do I have to do these in public. Myself, the Dogecoin Core Developers believe that the space is wonderful, diverse, creative, and engaging across the several thousands of assets that exist. It is neither my intention nor our intention to prohibit, attack, dissuade or otherwise disincline something from existing in the space. However every now and again projects do pop up that seem to want their "upstart" in the space to begin with attacking Dogecoin. As a community driven asset with deeply communal ties to the entire space there are moments where even we pause and ask for clarity. This can help to gauge intentions, cause and more than once has led to showing someone as a "bad actor" in the space. We have spent over half a decade working with the Doge/Dogecoin branding, there are many assets with the name which we believe only helps to engage further people into cryptocurrency.
So Doge Token.
Technology
DogeCoin is technologically behind
However, it’s core technology has not been upgraded much, and it has not been updated in well over a year latest releases from 2015.
I understand Github can be hard to manage, and understand. What I fail to understand is how you missed that we have had 7 releases since 2015. Dogecoin Releases. Further for the coming 1.14 release there was active and ongoing communal interaction and input along the way as Dogecoin is a social consensus asset not just network/chain consensus based. Path to 1.14 Which for noting puts our public start into 1.14 barely a year beyond the 1.10 DogeParty release. (Which happened in 2016, where you state nothing has been done since 2015.)
Further as is shown there in the above posting 1.16-dev shows work. 1.17-dev Shows work as of 11 days ago even as we are waiting on final push for 1.14. This all counters your claim that there has been no releases, that nothing has been upgraded much.
If you would care to explain why your white paper states otherwise I would be willing to listen, especially given as it is rather public what we are doing, when we are doing it, and further more who is doing what. We are community based, and there are comments on both @dogecoin along with @dogecoin_devs both have been active in keeping communities updated. I sourced most of the postings for the large post from reddit, and that is only half of the updates. We have also spent time among the telegram communities, slack, discord, Steam communities, IRC communities across a span of multiple languages no less interacting, updating, and engaging with users.
Rolling back into the initial statement, "Dogecoin is technologically behind". I am curious where you see this, personally. This was gone into recently, by someone else who screamed the same things. Reality of Dogecoin Perhaps you missed this as well?
Doge Token lives on the Stellar blockchain
Stellar is the one of the fastest growing and largest blockchain platforms out there.
Stellar nodes/validators 43 have uptime in the past 24 hours.
Dogecoin Nodes This private node saw 420 other ones in 24 hours. (There are other versions listed there, they are forked coins that did not change the basis so appear on our node relay maps.) Nevermind what our public nodes see daily.
Do not take this as a hit to Stellar, it has been around since July 2014. It is old in the space which is amazing it has lasted given how many projects die. However stating that it is one of the fastest growing and largest blockchains, is a bit of a stretch. It is a rather creative stretch in reality. I understand they function differently than Dogecoin in their handling, still "largest blockchain platforms out there"; just to note.
ETH 6439 July 2015
BCH 786 BTCU 698 August 2017 / January 2016
BSV 485 November 2018
I got fairly far down the list on CMC and to continue seemed overly harsh as the trend continued.
Constant updates and support further improve the Stellar blockchain platform.
Factual they also do micro releases (small tweak releases) and they do master branch implementation and developmental work. A bit different than many things in the space.
Shibe loves Stellar.
It is a bit mutual. Dogecoin is such an interesting blockchain and serious project, that peek the advisors we have ties, old ones. Even as Stellar grew over the years more than a few of their services did drops to Dogecoin just due to the history between the assets. OneCred rip now This was one of the early services for Stellar.
PoW vs Green Tech
DogeCoin: Much Hash, Such Work
Even though DogeCoin has many orders of magnitude fewer transactions and smaller transactional value, it now exceeds over 20TH/s in terms of hashrate.
You are not wrong, in fact the other day we were one of the tops for hashrate in the entire space. It has been a long while since we were near 20TH/s though hashrate 9/22/2017 was the last time we were under 20TH/s. Just as a note, more transactions does not mean more energy spent as the energy spent is per block which contains multiple transactions.
The amount of electricity wasted to power stagnant technology negatively impacts the environment
You seem to have missed that Dogecoin is AuxPoW, this means that Dogecoin mining is a byproduct of Litecoin mining. Which is why our hashrates are generally close. This also takes the energy "waste" down to running a node, which most networks in the space have. Deciding it is wasteful simply for your narrative in Dogecoin's case; seems short sighted and a bit targeted.
and reduces mining rewards.
Given there is a very low energy cost via AuxPoW, there is not a reduction in mining rewards. Further given Dogecoin entered the "legacy" mining period we are beyond halvening, we are forever to the 10k block rewards which facilitate ongoing transactional functionality. Transaction fees, along with block rewards go to the miners; there is no reduction to the mining rewards for the miners.
Despite all this waste
Given the network is rather efficient, I do not understand the implication of waste.
DogeCoin is still theoretically much less secure than Stellar.
Based around what theoretical reference? Dogecoin is five and a half years old, in actual reality of functional existence ..Dogecoin has not had an attack that in any manner made the blockchain less secure. Further more blockchain audits, independent security reviews, network health reviews tend to be part of the listing process for the higher level compliant functioning exchanges. To date we have yet to fail one, shutter or even has a questionable passing.
You state Dogecoin is insecure in theory.. Did you miss that Dogecoin follows Bitcoin's upstream? The codebase is public, if you wish to state we are insecure I will ask you for the proof of your claims, it is a rather grave implication to make without cause. I assume you have found something everyone else has missed, care to share?
Doge Token: Such Green, Much token
Transparency and Safety
DogeCoin: Much scam, Such Sad
Remember the days of tipbots. Yes? Well we’re sure things didn’t end very well for the most avid tippers.
Pardon? I ask this honestly as we have had multiple tipbots ongoing for multiple platforms; with no issues in assorted communities that have had no issues. Surely you are aware that the tipbots, are external, third party offerings; they are unattached and uninvolved in the actual Dogecoin project. I state this because you seem to be of the mind that because something happened externally, on third party offerings, by third party developers; that it somehow reflects on Dogecoin itself.
Applications built on DogeCoin are often closed source and non-contract enforced.
Reddit - Dogetipbot - Mohland - Redacted code
Reddit - Dogetipbot - Mohland - Redacted code
IRC - Doger - One of the longest running tipbots in the space.
These are just the ones off the top of my head.
We only mourn for the nice shibes who were victimized by these viles scammers.
Broad statements are made here in relation to all the tipbots. The one that did have issues, you seem to have missed was not actually tied to the project. Further more it was not just a tipbot that was impacted but an entire company. DogeTipBot.
Doge Token: Such Clear, Much Trust
Doge Token cannot be attacked with 51% attack and this makes us invulnerable.
You are correct, it does not take a 51% attack to take Doge Token down. It takes sadly removing two nodes from the Stellar network down to take everything, in the fullest down. Due to their more centralized nature of issuance, and operation the base network under Doge Token is publicly known to have several issues. Recently Stellar had a review by an external third party. Stellar security which goes on to detail several known issues in relation to the base functionality methods of Stellar. Understanding that on the base, anyone can claim anything noting that David himself came out to reply seems important. Further adding to this is just what KAIST is along with why it is important to note that it was not just random people making these claims.
Stellar exploit allowed 2.2bn Lumens to be created 2017. This was an onchain direct exploit.
Ongoing issues with Stellar, one which related to SDEX where Doge Token exists bug reporting.
Stellar Dex had an issue disclosed, which rather went interestingly.
Now the very important distinction here, what I have listed above are on chain issues, they are flaws exploits, problems related to the base code of functionality of Stellar itself; not third party issues. They are also public knowledge to be issues do please do not assume I am taking a swing at their project.
In the interest of disclosure there have been third party troubles relating to Stellar as well.
There was the BlackWallet hack Jan 2018 hack that resulted in 400kUSD stolen.
This makes Doge Token more trust-worthy than DogeCoin.
I will note that your entire white paper is based around false claims, baseless speculation, very easily disproved comments about the Dogecoin project, and further more implied relations which are not the actual basis of anything. We have tried in vain repeatedly to contact your project, and you have resisted.
I understand the space is huge, in fact we find it wonderful that it is so diverse. What we pause at, and what will always pause at are projects that make baseless claims, attacks, spread misinformation and bluntly put, lie. Whatever your intentions are this is not the best way to step into the space, especially given we have already had to answer for your projects comments, and we are also very curious why you took a logo without credit to the artist.
In terms of trust? Dogecoin has been here for over half a decade, our engagements are public, our codebase is public, our communications. Our communities are user driven, our third party platforms are also user driven. Where do you find fault in the trust-worthiness given who we are is rather public, we engage in the space openly as people, we are honest, direct and very proactive in relation to the entire userbase.
Sadly, the same cannot be said for you. With this it is our hope that you do correct your statements, that you do make things clearer, further more crediting the artist of your logo would also be kindly. Your methods are deceptive, your entire whitepaper is made up of libelous commentary. I do hope we can find a middle ground that does not take this much further given your stance thus far as been to mislead users by making grossly incorrect comments to further your own personal gains.
Ethereum request for comments stands for ERC, is a protocol of Ethereum Network to improvement processing also combined with unique proposal identity number. These ERC token standard developments are blockchain and peer to peer network assets that have value, which can be sent and received, like Bitcoin, Litecoin, Ethereum, or any other cryptocurrency. The overwhelming majority of ICOs are based on the ERC20 standard of the Ethereum. There are tokens other than erc20 which crucially settles for distinct functions, while others resolve the present issue supporting one to another. ERC20 Smart Contract for example, can set a standard which could describe the functions and events that an Ethereum token contract has to implement. The most significant key benefit of ERC token creation is that the tokens can be built by anyone. This is because the standard is open source, which means that it’s open to everyone for usage and adoption. Thus, what gives Ethereum tokens value through this verified token standards. Every blockchain platform is being hyped as the next “Ethereum Killer” but Ethereum has managed to keep its place just behind Bitcoin. ERC-20 tokens are widely used and their traction will continue as long as Ethereum maintains its status. If anything, their biggest threat is from their enemy within: new Ethereum standards. When it comes to natural selection, they’ll need to be the fittest to survive. https://blog.kucoin.com/etheruem-ecosystem-guide-to-erc-tokens-sk-rd
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Ethereum request for comments stands for ERC, is a protocol of Ethereum Network to improvement processing also combined with unique proposal identity number. These ERC token standard developments are blockchain and peer to peer network assets that have value, which can be sent and received, like Bitcoin, Litecoin, Ethereum, or any other cryptocurrency. The overwhelming majority of ICOs are based on the ERC20 standard of the Ethereum. There are tokens other than erc20 which crucially settles for distinct functions, while others resolve the present issue supporting one to another. ERC20 Smart Contract for example, can set a standard which could describe the functions and events that an Ethereum token contract has to implement. The most significant key benefit of ERC token creation is that the tokens can be built by anyone. This is because the standard is open source, which means that it’s open to everyone for usage and adoption. Thus, what gives Ethereum tokens value through this verified token standards. Every blockchain platform is being hyped as the next “Ethereum Killer” but Ethereum has managed to keep its place just behind Bitcoin. ERC-20 tokens are widely used and their traction will continue as long as Ethereum maintains its status. If anything, their biggest threat is from their enemy within: new Ethereum standards. When it comes to natural selection, they’ll need to be the fittest to survive. https://blog.kucoin.com/etheruem-ecosystem-guide-to-erc-tokens-sk-rd
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Unbelievable! As I have heard about Binance's monolithical stake it already had within the cryptocurrency market I was already shocked about how many people trust a single exchange. Binance's efforts to remove BSV from their exchange listing was another such worrysome event - don't get me wrong, I see BSV and especially Craig Wrong as a gigantic scam too, but for a single exchange to have the power about life and death within the crypto market made me think.
Actually, it's not even a corporation deciding what is wright and what is wrong, it is just their leader's (CZ) sole decision and CZ got way too powerful with his rulings the bigger Binance actually got. He is way above his head, but that he actually thought about a reorg of BTC is absolutely sick. Who does he think he is, god? Who gave him the right about deciding if Bitcoin should reorg or not?
Don't give this centralized exchange more power than it already got, seriously.
In my 1st article regarding NUPay, I build some presentation why such task is needed during this time, I mentioned the problems they're about to comprehend and also the arrangements NUPay is putting forth with its decentralized installment framework for on-line stores and disconnected stores grasping the need for the reception of digital cash.
GOALS OF NUPAY
The primary target of NUPay is to fill in because of the installment portal for retail business for each disconnected and on-line stores. The NUPay installment framework is going to be actualized on each the online and application creating the installment administrations ease for everybody.
NUPAY COMPONENTS
DECENTRALIZED APPLICATION
NUPay's decentralized application is going to be excellent with cell phones are going to be used for putting away, sending and obtaining cryptographic cash. therefore on the off probability that you simply ought to build installment for merchandise, all you have got to try to do is to log in to NUPay application and send the comparable token to the advanced record of the dealer. it absolutely was expressed from the whitepaper that the NUPay application has vital highlights like standardized tag scanners and QR peruser.
NUPay CRYPTO CARD
This is another instruments of NUPay for installment administrations to upgrade comfort installment decisions. The NUPay crypto card is going to be utilized on POS to create installment carefully from the folk's wallet.
The NUPay wallet is a multifunctional wallet; it will oblige bitcoin, there, TPCT, swell, gift voucher, rewards purpose, fiat and a few others. this suggests consumer will utilize any of the cash or card documented on top of to create installment for each on the online and disconnected retail discount, however, CPCT is going to be the standard utility token for the stage.
CORRELATION BETWEEN NUPay AND THE TYPICAL PAYMENT SYSTEM
The customary installment takes an excellent deal of your time before it gets sent to its goal on account of delay time that establishes the framework, then NUPay takes no time, get sent quickly in lightweight of the very fact that there's no delay time rather promptly an exchange is executed, straight to its goal.
In the customary installment framework, there's no compensation nor recompense for utilizing their installment advantages however that isn't the case with NUPay. during this stage, you're qualified for acquiring in any event two of the exchange you collect on NUPay installment administrations.
Another angle I want to believe is that the installment strategy; for this installment advantages, the technique for installment utilized assigned stores for varied focuses but in NUPay, various focus ar consolidate and utilized for stores that unite with NUPay.
ADVANTAGES OF NUPay
NUPay installment administrations are that the most secure among its partners. purchasers finance are fully protected and every one exchange records are going to be store on blockchain for future reference.
The NUPay stage is open for a few possibilities, purchasers (dealer and customers) will communicate with themselves to share learning or different profitable exchange.
In NUPay stage, exchange charge between purchasers (trader and clients) is ZERO. this suggests there will not be any further compensation to any outsider has the case has been within the past installment framework. All the additional once more, the NUPay supply traditional purchasers supports to give a rule to the purchasers of the stage.
NUPay Token (TPCT)
The NUPay's TPCT is the fuel and also the main thrust of this stage, it'll replace fiat money because the case has been in past installment foundation.
As of now, the TPCT token was supported ethereum blockchain, however, the stage conceives to assemble their very own blockchain wherever the TPCT are going to be relocated into. The TPCT token can be utilized as trade money between the shippers and consumers.
NUPay ICO
I trust we tend to as an entire understand the explanations of leading ICO. NUPay has sorted out an ICO soon manufacture and raise finance for the advancement of the stage. I will be able to by and by inflicting all crypto monetary specialists to require an interest in NUPay ICO on the grounds that the majority Asian nation venture has not bombed previously, rather they perform well after they enter showcase.
HERE IS THE ICO DETAILS
Undertaking ⇒ NUPay
Token Symbol ⇒ TPCT
Standard ⇒ Erc-20 ( Ethereum Blockchain)
Complete Supply: 2,500,000,000 TPCT
Token Price: 25,000 TPCT = 1 ETH
The stage has focused on 500,000 TPCT for their delicate top while 1,000,000,000 TPCT for hard top.
FOR MORE INFO VISIT
Website [NuPay]: http://nupaymentalliance.comWebsite [TPCT]: http://www.tpct.ioRead Whitepaper: http://www.tpct.io/index.php#section-2
About Author:Bitcointalk username: Amendy1Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2426201
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The following post by carloscgabriel is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/r/ Bitcoin/comments/bm8d1j
The original post's content was as follows:
So, NegocieCoins recently made up to 1st place in adjusted volume in CMC. A Brazilian exchange, relying only in BRL/BTC trades.
I`m from Brazil and already made some arbitration trades between NegocieCoins and TemBTC - it was the easiest way to earn money I have ever faced. This raised a red flag, and I dug deeper into understanding this.My findings are that this smells, taste, feels and looks like a scam. I´ll provide below all the steps I took to understand this.
Initially, I´ll explain how earning money using these exchanges works (and today, May 8th 2019, it still works):
Here are two screenshots I took from both exchanges (around 9:00am May 8th 2019 - Brazil time), to use as the example:https://ibb.co/Qnz9F03
https://ibb.co/q0ZRbPm1st: You deposit BTC on the NegocieCoins exchange - let´s say 1 BTC.
2nd: You sell the BTC for BRL at the current market price. Considering the 0,5% Taker fee, you get BRL 24354,48
3rd: You transfer the BRL amount to TemBTC using the Fortknox option (it`s na internal transfer process between these two exchanges, so you dont need a checkings account or anything like it in Brazil to perform this transfer). This has a 0,5% fee, so you get BRL 24232,70 at TemBTC exchange.
4th: You buy BTC at the current market price. Considering the 0,5% Taker fee, you get 1,00182054 BTC.
5th: You transfer the BTCs back to NegocieCoins exchange. Considering the 0,0003 BTC fee, you get 1,00152054 BTC back at the NegocieCoins exchange. Easy 0,152% profit. And you can start all over again. You can perform this operation many times a day.It always work because the spread between the buy price at NegocieCoins and the sell price at TemBTC are always the same. When one changes, the other changes as well. The spread is always 1,7%.
You can check the books directly at:
https://www.tembtc.com.br/negociacoes
https://www.negociecoins.com.br/negociacoesAlso, the prices are relatively stable. They seldom change at an interval lower than 15 minutes. There is a risk that the price change in the middle of an operation, in this case you can have a loss or a higher profit, but in the average, you get the 0,152% profit. Also, you can try to increase your earnings if be a Maker instead of a Taker. The Maker fee is 0,3% in both exchanges.
So, easy to get money, right? Now, I list the reasons why I think this is a scam:
1st: There is no easy, guaranteed and honest way to earn money in the financial market.
2nd: Both TemBTC and NegocieCoins belongs to the same owner: BitCoin Banco: https://www.btc-banco.com/
3rd: There is no actual movement of BRL currency during this operation. Even if you have a checking account in Brazil and you want to withdraw the money from NegocieCoins and then deposit it in the TemBTC (instead of using the FortKnox process), the withdraw fee (which is 0,9% + BRL 8,9) would not make the operation profitable.
4th: Even though the BTCs can be transferred between exchanges both by blockchain or Fortknox subject to the same fee, it shouldn`t be a problem for them to transact the BTCs through blockchain, since the inflow of BTCs is likely huge as most people in the cripto market has no access to BRL. So they have plenty of BTCs.
5th: Why wouldn`t BitCoin Banco just match their TemBTC book and NegocieCoins book if the orders are authentic?
6th: Why wouldn`t the BTC buyers at NegocieCoins buy them at TemBTC? They like to pay more for it?
7th: BRL withdraws are recently taking too long to process. Around 2 business days. This is weird, as Brazil uses a process of money transfer between checkings accounts that takes around 5 minutes to process.
8th: The orders in both TemBTC and NegocieCoins exchanges are huge. And they don`t compete. The price is exactly the same for the several first orders.
9th: The spread between the buy price at NegocieCoins and the sell price at TemBTC are always the same: 1,7%. You can check it now using the links I provided above.So, my theory is that they are creating this "easy way to earn money" to get a huge inflow of BTCs and some BRL to them.
And since they don`t usually transact their BRL, they can fake the accounting and maintain this costly spread to bring more and more BTC and money in.This is just a theory. I don`t work there, don`t know anyone who works there and don`t have any insider information.
I recently saw a video from someone saying that the BitCoin banco CEO said in a Brazilian event that the huge amounts in the NegocieCoins books are maintained by contracts he has with people and companies that are obliged to buy BTC at the price defined by the exchange.
I also don`t know if this is true or not, but who would do this kind of contract? A contract to make you lose money? Also weird.In case I have new findings, I´ll add to this post. Please let me know your thoughts and possible theories where this would not be a scam.
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'''
So, NegocieCoins recently made up to 1st place in adjusted volume in CMC. A Brazilian exchange, relying only in BRL/BTC trades.
I`m from Brazil and already made some arbitration trades between NegocieCoins and TemBTC - it was the easiest way to earn money I have ever faced. This raised a red flag, and I dug deeper into understanding this.
My findings are that this smells, taste, feels and looks like a scam. I´ll provide below all the steps I took to understand this.
Initially, I´ll explain how earning money using these exchanges works (and today, May 8th 2019, it still works):
Here are two screenshots I took from both exchanges (around 9:00am May 8th 2019 - Brazil time), to use as the example:
[[link]6
[[link]7
1st: You deposit BTC on the NegocieCoins exchange - let´s say 1 BTC.
2nd: You sell the BTC for BRL at the current market price. Considering the 0,5% Taker fee, you get BRL 24354,48
3rd: You transfer the BRL amount to TemBTC using the Fortknox option (it`s na internal transfer process between these two exchanges, so you dont need a checkings account or anything like it in Brazil to perform this transfer). This has a 0,5% fee, so you get BRL 24232,70 at TemBTC exchange.
4th: You buy BTC at the current market price. Considering the 0,5% Taker fee, you get 1,00182054 BTC.
5th: You transfer the BTCs back to NegocieCoins exchange. Considering the 0,0003 BTC fee, you get 1,00152054 BTC back at the NegocieCoins exchange. Easy 0,152% profit. And you can start all over again. You can perform this operation many times a day.
It always work because the spread between the buy price at NegocieCoins and the sell price at TemBTC are always the same. When one changes, the other changes as well. The spread is always 1,7%.
You can check the books directly at:
[[link]8
[[link]9
Also, the prices are relatively stable. They seldom change at an interval lower than 15 minutes. There is a risk that the price change in the middle of an operation, in this case you can have a loss or a higher profit, but in the average, you get the 0,152% profit. Also, you can try to increase your earnings if be a Maker instead of a Taker. The Maker fee is 0,3% in both exchanges.
So, easy to get money, right? Now, I list the reasons why I think this is a scam:
1st: There is no easy, guaranteed and honest way to earn money in the financial market.
2nd: Both TemBTC and NegocieCoins belongs to the same owner: BitCoin Banco: [[link]10
3rd: There is no actual movement of BRL currency during this operation. Even if you have a checking account in Brazil and you want to withdraw the money from NegocieCoins and then deposit it in the TemBTC (instead of using the FortKnox process), the withdraw fee (which is 0,9% + BRL 8,9) would not make the operation profitable.
4th: Even though the BTCs can be transferred between exchanges both by blockchain or Fortknox subject to the same fee, it shouldn`t be a problem for them to transact the BTCs through blockchain, since the inflow of BTCs is likely huge as most people in the cripto market has no access to BRL. So they have plenty of BTCs.
5th: Why wouldn`t BitCoin Banco just match their TemBTC book and NegocieCoins book if the orders are authentic?
6th: Why wouldn`t the BTC buyers at NegocieCoins buy them at TemBTC? They like to pay more for it?
7th: BRL withdraws are recently taking too long to process. Around 2 business days. This is weird, as Brazil uses a process of money transfer between checkings accounts that takes around 5 minutes to process.
8th: The orders in both TemBTC and NegocieCoins exchanges are huge. And they don`t compete. The price is exactly the same for the several first orders.
9th: The spread between the buy price at NegocieCoins and the sell price at TemBTC are always the same: 1,7%. You can check it now using the links I provided above.
So, my theory is that they are creating this "easy way to earn money" to get a huge inflow of BTCs and some BRL to them.
And since they don`t usually transact their BRL, they can fake the accounting and maintain this costly spread to bring more and more BTC and money in.
This is just a theory. I don`t work there, don`t know anyone who works there and don`t have any insider information.
I recently saw a video from someone saying that the BitCoin banco CEO said in a Brazilian event that the huge amounts in the NegocieCoins books are maintained by contracts he has with people and companies that are obliged to buy BTC at the price defined by the exchange.
I also don`t know if this is true or not, but who would do this kind of contract? A contract to make you lose money? Also weird.
In case I have new findings, I´ll add to this post. Please let me know your thoughts and possible theories where this would not be a scam.
'''
Are NegocieCoins and TemBTC exchanges a potential scam?
Author: /u/carloscgabriel
1: ibb.co/Q***F*3
2: i*b.*o/*0Z*bPm
3: *ww*tem*tc.c**.**/negociacoes
4: ww*.neg*c*ec*ins.co*.br/nego*i*c*e*
5: w*w.*tc-ban*o.co*/
6: *bb.co/Qn**F03*^^1
7: ibb.**/*0ZRbP*]^^2
8: *ww.*embt*.com.b*/negoci*c*e*]^^*
9: w**.negocie*oins.c*m.br/*ego*i*coe*]*^*
10: *ww.*t*-b**co.com/*^^5
Unknown links are censored to prevent spreading illicit content.
Hi there,
I had my BCH stored on a Ledger device since before the BCH/BSV fork and I made no BCH transactions since. I've been traveling in the meanwhile and now I regained access to my Ledger Nano S and I'm searching for a way to split the coins. The Ledger support website recommends using the Electron Cash Splitting tool, but this project is now out of date and the developer posted a 'warning' asking people to avoid using it due to phishing vulnerabilities.
I also check this guide on the BitcoinSV website. I understand that in order for this method to work I would need a prior Electron Cash install.
Is there any safe way to make the split on windows?
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So, NegocieCoins recently made up to 1st place in adjusted volume in CMC. A Brazilian exchange, relying only in BRL/BTC trades.
I`m from Brazil and already made some arbitration trades between NegocieCoins and TemBTC - it was the easiest way to earn money I have ever faced. This raised a red flag, and I dug deeper into understanding this.
My findings are that this smells, taste, feels and looks like a scam. I´ll provide below all the steps I took to understand this.
Initially, I´ll explain how earning money using these exchanges works (and today, May 8th 2019, it still works):
Here are two screenshots I took from both exchanges (around 9:00am May 8th 2019 - Brazil time), to use as the example:
https://ibb.co/Qnz9F03
https://ibb.co/q0ZRbPm
1st: You deposit BTC on the NegocieCoins exchange - let´s say 1 BTC.
2nd: You sell the BTC for BRL at the current market price. Considering the 0,5% Taker fee, you get BRL 24354,48
3rd: You transfer the BRL amount to TemBTC using the Fortknox option (it`s na internal transfer process between these two exchanges, so you dont need a checkings account or anything like it in Brazil to perform this transfer). This has a 0,5% fee, so you get BRL 24232,70 at TemBTC exchange.
4th: You buy BTC at the current market price. Considering the 0,5% Taker fee, you get 1,00182054 BTC.
5th: You transfer the BTCs back to NegocieCoins exchange. Considering the 0,0003 BTC fee, you get 1,00152054 BTC back at the NegocieCoins exchange. Easy 0,152% profit. And you can start all over again. You can perform this operation many times a day.
It always work because the spread between the buy price at NegocieCoins and the sell price at TemBTC are always the same. When one changes, the other changes as well. The spread is always 1,7%.
You can check the books directly at:
https://www.tembtc.com.br/negociacoes
https://www.negociecoins.com.br/negociacoes
Also, the prices are relatively stable. They seldom change at an interval lower than 15 minutes. There is a risk that the price change in the middle of an operation, in this case you can have a loss or a higher profit, but in the average, you get the 0,152% profit. Also, you can try to increase your earnings if be a Maker instead of a Taker. The Maker fee is 0,3% in both exchanges.
So, easy to get money, right? Now, I list the reasons why I think this is a scam:
1st: There is no easy, guaranteed and honest way to earn money in the financial market.
2nd: Both TemBTC and NegocieCoins belongs to the same owner: BitCoin Banco: https://www.btc-banco.com/
3rd: There is no actual movement of BRL currency during this operation. Even if you have a checking account in Brazil and you want to withdraw the money from NegocieCoins and then deposit it in the TemBTC (instead of using the FortKnox process), the withdraw fee (which is 0,9% + BRL 8,9) would not make the operation profitable.
4th: Even though the BTCs can be transferred between exchanges both by blockchain or Fortknox subject to the same fee, it shouldn`t be a problem for them to transact the BTCs through blockchain, since the inflow of BTCs is likely huge as most people in the cripto market has no access to BRL. So they have plenty of BTCs.
5th: Why wouldn`t BitCoin Banco just match their TemBTC book and NegocieCoins book if the orders are authentic?
6th: Why wouldn`t the BTC buyers at NegocieCoins buy them at TemBTC? They like to pay more for it?
7th: BRL withdraws are recently taking too long to process. Around 2 business days. This is weird, as Brazil uses a process of money transfer between checkings accounts that takes around 5 minutes to process.
8th: The orders in both TemBTC and NegocieCoins exchanges are huge. And they don`t compete. The price is exactly the same for the several first orders.
9th: The spread between the buy price at NegocieCoins and the sell price at TemBTC are always the same: 1,7%. You can check it now using the links I provided above.
So, my theory is that they are creating this "easy way to earn money" to get a huge inflow of BTCs and some BRL to them.
And since they don`t usually transact their BRL, they can fake the accounting and maintain this costly spread to bring more and more BTC and money in.
This is just a theory. I don`t work there, don`t know anyone who works there and don`t have any insider information.
I recently saw a video from someone saying that the BitCoin banco CEO said in a Brazilian event that the huge amounts in the NegocieCoins books are maintained by contracts he has with people and companies that are obliged to buy BTC at the price defined by the exchange.
I also don`t know if this is true or not, but who would do this kind of contract? A contract to make you lose money? Also weird.
In case I have new findings, I´ll add to this post. Please let me know your thoughts and possible theories where this would not be a scam.
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On May 7th, Binance announced it had found a significant security violation. Hackers stole around 7074 Bitcoin worth about $40 million in the time of the writing and could acquire access to several 2FA codes and API keys.
The Binance hack
Deposits and withdrawals are turned off for the upcoming seven days, though the European exchange states that its liquidity will pay for the losses and no consumer funds will be impacted. Since no Cold Storage is harmed, there is no reason to panic.
The so-called “hot wallet” has been compromised and 2% of the Total Binance Bitcoin Holdings are gone of Binance Yesterday’s hack on found a total of two percent of all Binance’s Bitcoin holdings evaporate into thin air.
According to the launch, the Bitcoin wallet of the exchange has been influenced by the event. This is supposed to be reassuring, given the quantity of Bitcoin along with that the multitude of this assault which Binance is currently holding.
Find out more: https://blogs.airdropalert.com/binance-hacked-7000-btc-stolen/
Related: https://airdropalert.com/updates/justin-sun-will-help-binance-after-hack
Welcome to the /r/Electra_Currency Weekly Discussion Thread
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Dear Dcoin users,
Dcoin will list XMR on 9th May. Details are as follows:
Deposit for XMR will be available from 3:00 UTC
XMR/BTC trading pair will be open at 7:00 UTC,
Withdrawal for XMR will be available from 3:00 UTC onwards
Special Events: From May 9th to May 16th, users who participate in XMR/BTC trading will get 20 x dots returned. Details
【Currency introduction】
Project name: Monero
Token symbol: XMR
Unlike Bitcoin and Ethereum, which have transparent blockchains, Monero uses cryptography to shield sending and receiving addresses, as well as transacted amounts. Every Monero transaction, by default, obfuscates sending and receiving addresses as well as transacted amounts. Monero is fungible. This means Monero will always be accepted without the risk of censorship. Monero is not a corporation. Details
Risk warning: cryptocurrency investment is subject to high market risk. Please make your investments cautiously.
Dcoin Global Operation Team
8th May 2019
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The following post by dbaker102194 is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/r/ CryptoCurrency/comments/blmeym
The original post's content was as follows:
In 20 years time, I wonder if anyone here will face this question from their kids.
Take a look at this: https://coin.dance/volume/localbitcoins
Looking at the above chart we see ongoing OTC demand for an asset where there's only 21 million units. Keep in mind every halving event reduces supply even further. Eventually there comes a point where price must rise, it's inevitable in a world where population is increasing at a rapid rate (360,000 babies are born each day) and turmoil is rising. This should result in demand for an asset that can be moved with relative ease.
A lot of people in the public think Bitcoin is a fad, completely ignoring the fact we are living in a world whereby digital money is being embraced by a new generation of humans. If this demand continues, in 20 years time, kids will be asking their dad why they didn't own at least 1 bitcoin "back when it was $6k each". Dads of the future will then have to go through all the same crap their previous generations muttered, "Well son, if I had known property and land would be worth this much back in the 60's, I would of bought the entire neighborhood, it was so cheap back then, I didn't know these worthless houses would be worth so much". Failing to realize that world population was dramatically rising and had been well documented in the 60s.
Hopefully Reddit still exists in 2039.
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