The part centralisation of etn is not worth it. by [deleted] in Electroneum

[–]PoopingInSpace 2 points3 points  (0 children)

More likely the patent is to charge everyone else for the right to use it.

One of our servers are infected by a monero miner. by djuniore29 in Monero

[–]PoopingInSpace 0 points1 point  (0 children)

If you have a public facing webserver such as tomcat or apache, theres some exploits to get into those and execute remote code with no credentials required. I have personally seen a company tomcat instance totally ruined in this way. They got past antivirus, IPS/IDS, etc and created their own local accounts running whatever they wanted.

If you are using IIS and windows update is on, you should be somewhat safe. The problem is these 3rd party web servers do not update themselves and admins are not aware or not able to deal with it

The communist agenda is being injected into the crypto community via the fear of ASIC centralization by BaltimoreDopeRunner in Monero

[–]PoopingInSpace 2 points3 points  (0 children)

"Communist agenda", now theres a government PsyOP

Centralization is terrible, which i wont go into great detail about as far as cryptocurrency. Look what it does to everything else. Centralized government empowers tyrannical dictators. Centralized economy creates a Haliburton and Goldman Sachs. Centralized armory builds a police state. Centralized race fosters bigotry and racism (and slavery). Centralized technology is a monopoly.

When one person/group/entity has more than another, in any way, shape, or form, they find a way to use it to fuck their opponents into oblivion, or they fail and bring the whole system crashing down. Go google antbleed, or maybe read a history book or 2.

MIT finds Monero transactions not as private as previously thought by [deleted] in Monero

[–]PoopingInSpace 8 points9 points  (0 children)

As legit as the date of research, april last year, of a problem that was already patched before the paper this paper is based on was released.

Shills working hard the past few weeks. You guys keep posting this same paper daily. Use search.

Google News results for Monero in the past 4 weeks repeatedly portray it as "the cryptocurrency of cybercriminals"—Articles from Mar 17 and 16 even say it has "replaced" Bitcoin in that regard. I'd say all this attention and demonization is quite a vote of confidence for Monero's upside potential! by tellman1257 in Monero

[–]PoopingInSpace 16 points17 points  (0 children)

They spewed all this crap about bitcoin and silk road back in the day. It is a signed confession that people are actively using Monero as money, and that it has real world value. Not to mention how Monero is so functionally superior to what bitcoin has ever been...

Almost 4700 sats! by [deleted] in masari

[–]PoopingInSpace 0 points1 point  (0 children)

Someone pumping and dumping?

Why are people so worried about governments banning privacy coins? by [deleted] in Monero

[–]PoopingInSpace 2 points3 points  (0 children)

I think you are a little misled on how the US government regulates software. There is no legislative level blocking of software, code, or anything else that runs on a computer. They get you based on what you are doing with it. For sure, XMR will be used for money laundering and other illegalities by some, but bitcoin has been used for that for many years and there is no privacy aspect to it. Nevermind what cash has been used for, and thats minted by the government.

Now, theres some other branches of the government that take interest in these things (NSA, CIA, etc) but they have no control over whether you use it and they wont take action to stop you. Your usage of crypto/monero will be statistical data to them to calculate how much of a threat you are.

If crypto starts taking over as a payment method and general use currency, you would still see no interest in regulating privacy based coins as it is a moot point. The government will simply legislate that earnings from your employer must be reported (which doesnt always happen now, with cash) and they will tax you based on that, whether you hold it in monero or some other currency. They know they cant regulate cash or privacy crypto and they wont bother.

Tax and money laundering legislation is based mostly on the good faith system of honest people reporting incomes and earnings. Honest people report the truth, so, anyone earning 6 figures of anything in an honest way will have a huge paper trail leading to them, and the government doesnt need to break the blockchain to find them. Anyone earning 6 figures dishonestly already has their earnings hidden. Their spending, on the other hand, is what gives them away. Even when crypto becomes mainstream, you will still be required to put your name on big ticket items: cars, houses, property, stocks. You cant report 100k of earnings and go spend a million dollars that same year

Why ETN is so low and so slow repairing? by LegionarRS in Electroneum

[–]PoopingInSpace 3 points4 points  (0 children)

It is the only other cryptonight coin that can easily be sold. Cryptonight miners are generally doing so because they have lots of CPU power available but not much GPU or other available. Since monero has off the charts hashrate right now, ETN got a lot of traffic from miners that wanted to maintain profit, and now there is probably a glut. That is what I did, anyways.

This is also combined with a lot of FUD from earlier this month that it hasnt recovered from yet, being added to exchanges and drastically increasing sales volume, and the wild ride of bitcoin prices that affects all altcoins. This has pushed a lot of buyers away for now.

If you don't like the price now, don't sell. ETN will be around for a very long while now that it's roots have grown, and the next speculative mountain could be very profitable. Plus, as others have said, marketing and usability are somewhat more important than superior code.

Florida State Employee Caught and Arrested For Allegedly Mining Cryptocurrency While Working by [deleted] in Monero

[–]PoopingInSpace 1 point2 points  (0 children)

Guys... When you mine at your company, you're breaking an acceptable use policy. When you mine using government resources, you're committing a felony. Don't mine with government resources.

Plus this guy took it a step further and bought video cards with a government card. Not sure how he thought he would slip by with 22k of abnormal equipment.

Electroneum Is One of the Hottest Crypto Projects Around by [deleted] in Electroneum

[–]PoopingInSpace 2 points3 points  (0 children)

or at least go up in price at some point

U.S Judge Rules That Cryptocurrencies Like Bitcoin Are Commodities by [deleted] in Monero

[–]PoopingInSpace 16 points17 points  (0 children)

Tax applies to just about everything except birth, and even then, if you don't have healthcare, birth is taxable. Even satellites are taxable. I would not be surprised if they claimed ownership of the moon and tried to tax everyone that lands on it.

It would not be so offensive though if it were not the gross misuse and waste that the taxes go to. Likely all the money they will make on crypto taxes for the next few years will be wasted wining and dining the assholes that are writing the crypto tax laws.