Tero's Crypto Corner

Discussion in 'General Discussion' started by terosis, Jun 20, 2017.

  1. Velox

    Velox TZT Abuser

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    I only skimmed the article, but it sounds like a more elaborate variant of the classic "mine bitcoin on other's dime" move. It has worked for others, so I'm not sure why it couldn't have worked here, just leave no identifying trace on the servers and have some way to anonymously withdraw bitcoin. The former is not uncommon among serious hackers, and criminals seem to be doing the latter all the time. Crime/money laundering is pretty much the only substantial real-world use of BTC currently.
     
  2. Utumno

    Utumno Administrator Staff Member

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    Leave no identifying trace on the servers? Dude was the LARGEST data consumer on AWS for a period. There is literally zero way you can hide that kind of activity and not have it traced back to you. There is 110% certainty the activity would be found out, and the moment it is discovered, Amazon/Google inevitably divert enormous resources (we're talking a multi-million dollar bill here) to trace that shit back to the source.

    I don't care how clever boy genius is here, if Amazon/Google want to find out who you are or where you are operating from, they're going to do it - pretty easily at that. They have armies of brilliant network/security engineers and near-endless access to ISP partners to track your shit down.

    I mean I get that money laundering and crypto-crime happens all the time, but I'm guessing it's mostly because it's small-fry shit that is individually too hard and numerous to track down easily. But if you are using a very high profile identity theft and targeting two of the largest tech companies on the planet directly in such a blatant fashion, yeah - that shit is just not going to work.
     
  3. Czer

    Czer I'm a poor person. The lambo is my cousin's.

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    You can't be anonymous on the internet, period.
     
  4. Sear

    Sear TZT Neckbeard Lord

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  5. Utumno

    Utumno Administrator Staff Member

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    Czer tends to make a lot of absolutist statements but I mostly agree w/this tbh.
     
  6. Utumno

    Utumno Administrator Staff Member

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  7. Velox

    Velox TZT Abuser

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    I guess it hinges on how likely shady Russian sites or foreign ISPs of hacked IoT devices (which seems standard procedure to hide your tracks) are to cooperate with AWS inquires. Can't say I have any experience w/ that.
     
  8. Fais

    Fais TZT Abuser

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    Octo,

    Looks like its in the middle of a pump and dump. Thinking about moving to cash at some point here soon. I'm on next years taxes now and I'm up pretty big right now. The only real news that I have seen other then Binance announcing they will start option trading LINK soon is that the volume on the LINK network recently jumped up but its still pretty small over all. I'm guessing this is a good time for them to pump and dump. Pump it up on the news, option trading opens up, buy any puts you can, and then sell off some big volume crash the market cash in the puts and ride it back up with some calls or coins for the next news cycle.

    What say you master Octo?
     
  9. Octavionn

    Octavionn Mind Blowing!

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    LoL. I've no doubt some people will use the Binance Futures to manipulate a market that has relatively low liquidity. Link will enter an era of massive swings. I'm well padded now from my initial buy in point that the swings had no effect on my overall emotions other than its fun an exciting when it goes up, and gets boring when it goes down. lol

    I played the swing game 2 years ago and it fuxxored me over. So I won't be doing that gamble anymore with the bulk of my cryptos. I do have a small amount in my trader account for small gambling trades, but that's about it. I'm still looking at it long term and since no one really knows when staking will be ready and announced, or when another large corporate entity announces their plans to integrate Link... I dont plan on gambling something that's already in my mind a sure thing if I just hold it.

    The one thing right now that will get me to play the swing game with everything in my trader account is if within a 24-48 hour period Link shoots up more than 100%. Depending on what the announcement was that caused the spike. I'll either ride it higher before dumping, or dump shortly after 100% and wait for the crash before buying back in. There's always a crash when something shoots up that quickly. Anyone who was gullible enough to have bought in after that high a pump that quick is also the first to panic sell when it drops.
     
  10. Fais

    Fais TZT Abuser

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    Yea I sold not long after I wrote that at $2.73 I'm up about $5k total on my crypto trades and went to cash on coinbase. The entirety of the LINK network is transacting about $24k a day in token fees, vs ~$40-50m in token trades a day. If you were to try to make a yearly token value ratio/network volume (sorta like a PE ratio) It would be something like 112:1. Which obviously isn't apples to apples, but it is a way to put it in perspective. The stock markets average PE ratio is like 25:1 which is probably too high itself. But if the tokens are the exchange for the work done on the network then the ratio does make some sense. Considering LINK is speculative at best. I'll get back in at the next bottom, or maybe I'll miss the ride, but I doubt it before 2011.
     
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  11. Octavionn

    Octavionn Mind Blowing!

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    I believe Link is still a good way's away from implementing staking. At that point the link network will start to more closely mirror the value of all the data that's in the network. Up until then, playing the ups and downs can be fun. I just don't have the stomach for it anymore nor do I have the time to pay attention to every news that comes out. As it stands, I'm just part of the Chainlink & Sergey's twitter feeds and only look when they post an update. And I check the prices throughout the day on my apps but that's about it. I don't delve into the rumors anymore because I already know the direction link is going.
     
  12. Octavionn

    Octavionn Mind Blowing!

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    I think Chainlink has pretty much officially become the blockchain standard for oracle solution middleware. All the major cryptos I liked at one point or another that needed an oracle solution are all using Chainlink now.
     
  13. Octavionn

    Octavionn Mind Blowing!

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  14. Czer

    Czer I'm a poor person. The lambo is my cousin's.

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  15. Red

    Red TZT Neckbeard

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    CHAINLINK BAYBEE
     
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