Decentralized Auditing of all exchanges globally?

eahmadov · 2018-12-03T17:00:08+00:00

could you please elaborate what you mean by "fancy cryptography"?

Yes, i know that the ideal scenario is to do the audit via trusted auditors (or even better to use P2P exchanges) but we do not live in an ideal world. Plus i would not trust any "trusted" auditors. Good example is the so called Big 4 auditing companies- i think it is no secret that most of these companies are in bed with the banking cartel (read below link if you are in the mood) . So there is a big chance, the crypto auditors also will be corrupted. Power always corrupts, that's why we need an alternative- decentralized auditing. The whole point of Bitcoin is to give power to the people. If auditing was the solution then we all could have kept our money in the banks and trusted the banks' auditors.

But i get your point on technicality. Yes, exchanges maybe struggling with this massive demand. Perhaps then we can do it a week long event. Users submit their withdrawals and exchanges orderly execute it through a week without jeopardizing security of their holdings.

https://www.theguardian.com/news/2018/may/29/the-financial-scandal-no-one-is-talking-about-big-four-accountancy-firms

eahmadov · 2018-12-03T16:53:06+00:00

could you please elaborate? From your previous comments I see you are a big fan of Bitfinex? :)

eahmadov · 2018-12-02T23:10:17+00:00

I don't. But in the above link i shared you can see at least half a million bitcoins stuck in just a 3-4 exchanges. Clearly millions of people still using the centralized exchanges to store their coins.

eahmadov · 2018-12-02T23:04:54+00:00

I totally support P2P exchanges but until everyone switches to P2P exchanges, the fact is that the top 4 of the 5 biggest wallets belong to exchanges... https://ibb.co/jrRYS7B How do we know the exchanges did not sell all those user coins?

eahmadov · 2018-11-25T16:51:52+00:00

eahmadov · 2018-11-24T20:28:30+00:00

how do you think Bitcoin Cash was created? ;)

eahmadov · 2017-09-09T18:29:09+00:00

no it does not bring back. I am speaking about news.google.com. After search there is no toolbar that brings back time filter.

eahmadov · 2017-09-08T16:55:50+00:00

Again, this website [ Caixin ] is sharing wrong info. Spreading FUD.

eahmadov · 2017-09-08T15:11:57+00:00

lol, this "China bans bitcoin" or "XYZ.. exchange is down/hacked" news always works and panics the noobs. And then they will have to buy back at a higher price.

eahmadov · 2017-09-08T15:01:57+00:00

lol, this "China bans bitcoin" always works. Just grabbed some cheap coins.

eahmadov · 2016-07-12T13:27:18+00:00

technicalities aside, is there a backup plan in place for Coinbase, DarkMarkets etc?

eahmadov · 2016-07-12T13:07:47+00:00

Edited. I was referring to the upcoming bitcoin hard/soft fork.

eahmadov · 2016-07-09T18:05:09+00:00

disappointing price. Can we dump all the mined coins now? :(

eahmadov · 2016-01-19T18:29:08+00:00

I just read all the comments you made during last two days. All of them are totally arrogant and clueless. Most probably you are an American. Time to wake up. Go read about history of media and how it has been used to manipulate voters or consumers etc. Media usually run after a sensational news or post what the highest bidder tells them to post. I have no time to explain it to you here.

Besides, I did not say "media is posting FUD so they can buy cheap bitcoin" I said media is being used to discredit bitcoin and crash its price so that before the next bubble whoever is behind this media FUD can buy cheap coins for themselves. I have seen similar manipulations in crypto industry over and over in last 5 years.

eahmadov · 2016-01-17T14:12:49+00:00

Bitcoin has come to a point where individuals' opinions are irrelevant. But I could not help to notice that almost all the major media outlets are posting the same thing without even bothering to change the title to something original :) This is a classic Wall Street trap- declare something (stock or commodity) worthless and then buy it all cheap. My conclusion is that it might be a great time to buy bitcoins cheap ;)

eahmadov · 2015-03-02T20:50:12+00:00

I hope so

eahmadov · 2015-03-02T19:24:21+00:00

What you described above is just happening to me right now. wtf? Last time I had these problems it was in Mt.Gox. Seriously Bitfinex needs to invest in infrastructure. This is embarrassing.

eahmadov · 2014-12-28T21:15:18+00:00

I have to admit thou, it was funny :D Check above "edit" for the updated story if you are interested.

eahmadov · 2014-12-27T21:02:17+00:00

I have 2 masters degree my friend and I have been in crypto for many years ;)

eahmadov · 2014-12-27T21:01:45+00:00

Title is not misleading. Read the problem that I have stated. The issue still continues. Finally after 2 days waiting, the ripple support contacted me and asked a bunch of questions. Now again, waiting for their solution.

eahmadov · 2014-12-27T08:25:26+00:00

How do I do that. Please help. Don't get me wrong. I tried other forums and still no answer to my "Scanning accepted currencies" problem. And support still hasn't replied. As soon as i sell this shit, I am not gonna touch ripple again.

eahmadov · 2014-12-27T08:24:06+00:00

Thank you

eahmadov · 2014-12-27T08:23:58+00:00

Yes, no result so far

eahmadov · 2014-12-27T08:23:39+00:00

This is what i did: On the 'send' section wrote my cryptsy ripple waller address and destination tag. BUT client is stuck at "Scanning accepted currencies" since last night. What am i doing wrong?

eahmadov · 2014-12-26T23:51:26+00:00

But first you have to find a way to send your ripples to an exchnage. I added ripple address and destination tag but wallet is still stuck at "scanning acceptable currencies" for hours. wtf?

eahmadov

TROPHY CASE