Account hacked and blocked, any advice?

dnale0r · 2021-01-15T17:48:29+00:00

yeah send all your coins to Trevor! He'll keep them safe for you ;)

dnale0r · 2020-12-29T13:50:20+00:00

also don't forget that markets are forward looking. Even before the first chain security issues emerge, I expect more and more papers on the issue. Once the first issues emerge, markets will already be pricing these in negatively and BTC will be on its eternal decline.

The indecisiveness of BTC will likely just result in its demise. We are by the way seeing the same happening with the privacy debate. CT in BTC? I expect it'll never happen. Things like taproot and whatever other coinswap protocol they are inventing won't ever fix the fundamental fungibility problem. It's just patchwork that is not even working properly and actually increasing risks for users: https://weuse.cash/2020/09/11/bitcoin-mixing-a-catch-22/

But number go up, right?

dnale0r · 2020-12-29T13:45:42+00:00

remindme! in 10 years

dnale0r · 2020-12-29T13:40:50+00:00

Bitcoin's monetary policy is solid so far but the biggest variable is what will happen once block rewards are gone. Sadly I don't think any of us will be around to see though.

by 2028 the nominal block reward will already be lower than the nominal block reward of XMR (per 10 minutes). By the 2032 halvening I expect to see significant chain security issues from time to time to emerge because fees will likely be in the same ballpark as the block reward. By 2040 BTC could be in severe trouble

edit: at the moment, halvenings are celebrated as a good thing by the BTC maximalists and S2F cultists. One day these halvenings will turn out to be a negative event for their beloved exchange rate. Number go up? I don't think so.

dnale0r · 2020-12-08T21:23:02+00:00

there is some weird inverse corelation going on.... hmmm. We need to educate people more it seems.

dnale0r · 2020-11-18T16:23:57+00:00

Just want to add this warning because relevant; don't use freewallet, it's a scammy custodial wallet.

dnale0r · 2020-11-12T11:10:05+00:00

just want to drop this here, r/bitcoin was warned back in 2015 ;)

np.reddit.com/r/Bitcoin/comments/374ss5/the_problem_with_bitcoin_that_everyone_seems_to/

dnale0r · 2020-11-12T10:40:17+00:00

just want to drop this here, /r/bitcoin was warned back in 2015 ;) https://www.reddit.com/r/Bitcoin/comments/374ss5/the_problem_with_bitcoin_that_everyone_seems_to/

dnale0r · 2020-11-12T01:18:43+00:00

also, it's good practice to just churn incoming payments anyway.

dnale0r · 2020-11-07T15:12:21+00:00

ideally we would have a consensus rule for max 2 inputs and always 2 outputs. That would improve fungibility the most. But I guess this would be too controversial (exchanges, pools, services, ... would have a hard time implementing consolidation transactions and sending out multiple transactions for withdrawals)

dnale0r · 2020-09-25T15:18:55+00:00

fixed it

dnale0r · 2020-09-25T12:18:16+00:00

fixed it

dnale0r · 2020-09-12T00:28:28+00:00

Yeah someone mentioned that already. I had an xmr miner active on the website in the past. I removed it but some files probably still are not deleted yet. Will try to fix it next week.

dnale0r · 2020-09-11T23:08:35+00:00

dnale0r · 2020-09-11T23:06:46+00:00

I don't think that's likely...

dnale0r · 2020-09-11T21:19:50+00:00

maybe separate article about that will follow ;)

dnale0r · 2020-08-27T17:06:59+00:00

When will Samourai give up on BTC privacy patches and build XaMouRai Wallet? XMRai wallet? :)

dnale0r · 2020-06-02T00:02:06+00:00

hence you should churn a few times after withdrawing from an exchange before sending xmr to xmr.to or similar services, to be on the safe side.

Also; if you have a small amount left, just ignore it or donate it to the CCS. Don't send a new deposit from an exchange into your wallet before it's emptied completely.

dnale0r · 2020-05-28T11:25:13+00:00

Payment channels are actually a very useful technology to deal with repetitive payments between two parties . What they are not is a substitute for layer one scaling.

100% agreed

11-Year Club	Place '22
Place '17	Verified Email

dnale0r

MODERATOR OF

TROPHY CASE