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    Cryptocurrency Daily Discussion - March 24, 2020 (GMT+0)

    March 24, 2020

    Cryptocurrency Daily Discussion - March 24, 2020 (GMT+0)

    Daily Discussion - March 24, 2020 (GMT+0)

    Posted: 23 Mar 2020 05:09 PM PDT

    Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.

    Disclaimer:

    Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

    Rules:

    • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
    • Discussion topics must be related to cryptocurrency.
    • Comments will be sorted by newest first.

    To see prior Skeptics Discussions, click here.

    submitted by /u/AutoModerator
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    New Coronavirus Stimulus Bill Introduces Digital Dollar And Digital Dollar Wallets

    Posted: 23 Mar 2020 05:38 PM PDT

    Fed's "infinite amount of cash" is biggest argument for Bitcoin yet

    Posted: 23 Mar 2020 11:40 AM PDT

    Fed announces unlimited bond purchases in unprecedented move to help U.S. economy weather coronavirus meltdown

    Posted: 23 Mar 2020 05:17 AM PDT

    New Coronavirus Stimulus Bill In Congress Creates U.S. Digital Dollar

    Posted: 23 Mar 2020 08:14 PM PDT

    Explanation Please - how is it possible that all of these coins always follow the same pattern (following BTC in sure). Kind of impossible right?

    Posted: 23 Mar 2020 06:48 PM PDT

    Bitcoin SV Gets Taken Over By Mystery Troll Miner - is this 51% successful attack?

    Posted: 23 Mar 2020 01:02 PM PDT

    IOTA funds were stolen (3.49Ti ~500k$) on 12th March 2020 after network relaunch [longread]

    Posted: 24 Mar 2020 12:45 AM PDT

    Hey CC comunity!

    First of all, sorry for posting it a bit late I have some serious changes in my lifestyle and business due to Coronavirus situation in the world. For those who are infected I wish to get well soon and all the rest to stay safe and to stay home.

    Here is my short story:On March 12th I made similar but short post regarding my stolen IOTA in the sub r/IOTA. First of all I met around 50% downvotes, I don't know why but it seems that IOTA's community don't want to see posts regarding stolen IOTA, I got a lot of critics for using Trinity wallet instead of hardware and so on. But I see nothing strange using desktop wallet and it doesn't matter whether it is IOTA Trinity or Bitcoin QT or Ethereum wallet unless in has strong manually typed password, VPN connection and some other security things. Or maybe IOTA's community was afraid of unwanted bad attention during that market crash that day. So because of that experience I decided to make a post here at r/CC.

    Some short reminder of what happened before my funds got stolen (https://status.iota.org)

    Some news:https://www.coindesk.com/iota-foundation-suspends-network-probes-fund-theft-in-trinity-wallethttps://cointelegraph.com/news/iota-foundation-investigates-funds-allegedly-stolen-from-trinity-walletshttps://www.theblockcrypto.com/post/55955/iota-foundation-funds-stolen-users-of-trinity-wallet

    If you don't want to read that news here are some facts with timestamp:

    February 12th 2020 - 18:55

    As a precaution we ask you to keep your Trinity wallet closed for now.

    February 12th 2020 - 19:20

    After initial investigation we decided to turn off the Coordinator to make sure no further theft can occur until we find out the root cause of these thefts. (Lets say: "blockchain stopped")

    February 14th 2020 - 17:50

    We have found the exploit.

    February 15th 2020 - 00:50

    After successfully identifying the attack on Trinity through a third-party integration

    February 17th 2020 - 02:23

    We have just released a safe version of Trinity Desktop to allow users to check their balance and transactions. This version (1.4.1) removes the vulnerability announced on 12th February 2020. (I've installed this particular version)

    February 21st 2020 - 18:43

    ACTION MAY BE REQUIRED TO PROTECT YOUR TOKENS IN TRINITY.

    February 24th I left my country for some working trip

    February 26th 2020 - 13:10

    We are currently in the testing phase of the migration tools, once testing completes the tools will be audited by a external party. If this all goes well we are aiming to release these tools later this week.

    February 29th 2020 - 19:15

    The Seed Migration Tool is now available.

    March 6th 2020 - 15:17

    REMINDER: You have until 5PM (UTC), Saturday, 7th March to migrate your seed.

    I'm still out of the country but I'm pretty sure I'm safe coz I've installed 1.4.1 wallet which removes the vulnerability.

    March 8th 2020 - 18:15

    The migration period has ended.

    I got back to my country

    March 10th 2020 - 16:45

    We are aiming to resume value transactions around 5PM CET today.

    March 10th 2020 - 18:15

    The network coordinator has resumed operation. (Let's say "blockchain restarted")

    Now my turn:

    My balance by that time (https://imgur.com/EJiB6it)

    March 10th

    I've decided to send my IOTA to exchange until I buy Hardware wallet and sort it out how it worksTest transaction to exchange 5Gi:JQ9DZPGUFLBJTLDLIKQBWLUBOXJULKIQFSWKNYVFIHETSZJOTGRYEZZELE9BZFVUEBGATEITPDTXXHZVD

    It took exchange 24 hours to credit it to my balance…

    March 11thFirst large transaction to the exchange (~23% of my net holdings of IOTA) 1Ti9YGGTHDKARCBVEPWUYURYEAKSKUNITGCGKSCJRXBVKHLBHEXXTNAWOFNPOBGHG9IKCZRABFNBJHVWNZIZ

    All over again… 24h to credit it to my balance.

    March 12th

    I've opened my Trinity wallet and found out that money were stolen 3.4TiPOUBLIDSDZSNLKYBHVDAAEGVKGZ9PGKCBKRGUKEKIUQGSEWZNBQCHLLKIAZKEYHJVGJD9GYHT9JJNY9VW

    screenshot of transaction with stolen IOTA (https://imgur.com/DtXbjOs)

    All performed transactions (https://imgur.com/M8Qj2jC)

    Same day I've made first post on reddit to get some attention to the happened situation. At the same time I've start to search for some technical support through over official telegram groups:

    iotatangle

    (https://imgur.com/McmrF3L)I've send a message where I've stated that my funds were stolen after network relaunch. Got some response from user Basti he invited me to another group with general discussion.screen shot 1 (https://imgur.com/hvDuoQA)screen shot 2 (https://imgur.com/MewdNm5)

    Our short dialogue continued at the general discussion group iotacafe

    (https://imgur.com/e9ErcPW) Where Basti introduced me to the IOTA Foundation member Antonio Nardella (https://imgur.com/WxZRk8N)

    Before I started my conversation with Antonio I decide to get some information about him. I've found a Medium post with some welcoming words to Antonio Nardella.

    (https://imgur.com/KK4zoOv) telegram(https://imgur.com/VquNCpi) medium

    Seems legit.

    Of course I couldn't be 100% sure it was him but the information he asked for wasn't really sensitive so decided to share all I knew and all I did.

    (https://imgur.com/X3Ha02Q) He also mentioned a wallet integrated service MoonPay, whether I used the wallet with this service or not and it didn't matter if I used the service it self.

    I've informed him that I used 1.4.1 wallet which was recommended to install on February 17th 2020(https://imgur.com/iZdNcm7)

    When he gathered all the necessary information regarding loss of funds he took the time for sending this information for investigation team.

    After a long awaited answer I got the same day this:

    "Hello, I was informed that the loss of tokens is associated to the person/team responsible for the Trinity wallet attack via a third-party dependency from Moonpay.

    As suggested on https://status.iota.org/, please file a report with the local police and to cite the following case number when doing so: LKA Berlin, Center for Cybercrime, case number: 200213-1717-i00290."(https://imgur.com/Gov1v0i)

    So, reinstalling the wallet didn't help me to avoid the loss of funds.

    Well if my funds are proved to be stolen then it means - yes, I've used the Trinity wallet between the December 17th 2019 and the February 17th 2020. And yes, I wasn't able to make seed transition during the given period. I was out of the country starting form Feb 24th till March 8th. I can even proove it with my border passing stamps… You know I didn't use to take 4.5Ti with me just in case I would need an urgent seed transition. Could you imagine thousands of people with their multimillion Bitcoin holdings carrying private keys everyday with them just in case they would need seed transition… The funds were stolen not by my mistake but IOTA developers/foundation/etc (lets say IOTA team) mistake.

    At the end of my story I want to take your attention to the fact that I didn't compromise my PC neither wallet nor password nor seed. All my fault was for using the desktop wallet… How can you imagine your user without using your software/services/etc… I want to publicly call IOTA team (especially mr David Sonstebo) to cover not only those which were to happen back in the Feb 2020 but all the loses which were caused by that wallet vulnerability. (https://www.coindesk.com/iota-founder-personally-refunding-hack-losses-to-safeguard-projects-remaining-reserve)

    Thanks for reading and thanks for your time!

    submitted by /u/blockchainified
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    Federal Reserve pledges asset purchases with no limit to support markets

    Posted: 24 Mar 2020 01:37 AM PDT

    brrrrrr

    Posted: 24 Mar 2020 12:12 AM PDT

    Economic downturn erases trillions from stock market and shows just how tiny crypto truly is

    Posted: 24 Mar 2020 01:26 AM PDT

    Bitcoin to See Major Increase Based Off of Three Economic Signals

    Posted: 24 Mar 2020 04:06 AM PDT

    Bitcoin HODLERS Have an Essential Advantage Over Bitcoin Traders

    Posted: 24 Mar 2020 03:51 AM PDT

    Into the Unknown: No Limit on Fed Money Injections

    Posted: 23 Mar 2020 11:49 AM PDT

    How Can Crypto Change the World?

    Posted: 24 Mar 2020 02:44 AM PDT

    Bumped on this. Stay on the bright side. There is a light ahead. I see it. ;)

    Posted: 24 Mar 2020 02:17 AM PDT

    What are Crypto Alerts? How to Trade on Them in 2020

    Posted: 24 Mar 2020 01:58 AM PDT

    Crypto.com Announces Partnership With Crypto Tax Providers

    Posted: 24 Mar 2020 01:55 AM PDT

    Thoughts on OMG’s cryptowinter FUD - OMGpool

    Posted: 23 Mar 2020 04:09 PM PDT

    Adoption is coming my friends

    Posted: 24 Mar 2020 12:26 AM PDT

    Gentlemen, Lately it seems as though bitcoin/cryptocurrency is everywhere. We see it in the news, across the web, and even in convenient store in everyday life. I was thinking and considering all this today and decided to write a short article about my thoughts on mass adoption. I would be honored if you guys would give it a look - it's just a short 2 minute read. Thanks to everyone who does in advance.

    https://www.publish0x.com/how-to-get-the-most-out-of-your-crypto/adoption-is-coming-friends-xpgejj

    submitted by /u/seriousdefect
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    Steem Fork Faces Legal Threat From Mining Firm Over ‘Hive’ Name

    Posted: 23 Mar 2020 07:41 PM PDT

    Good day to all. I would like someone to explain to me what kind of image it is? Utopia p2p - what is it?

    Posted: 24 Mar 2020 02:24 AM PDT

    Economy in trouble, print more Bitcoin

    Posted: 23 Mar 2020 12:49 PM PDT

    I just think with these hard times coming on we should help everyone out by printing a lot more Bitcoin. Prestigious economists call it "quantitative easing" on the news. We can let our elected officials decide who gets it, so it'll be very democratic. Or maybe we can just let one elected official decide it, so there will be clear leadership.

    Pray for our president and first responders.

    submitted by /u/nelsonblaha
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    Tech Overview: How DeVault does it Better

    Posted: 23 Mar 2020 10:27 PM PDT

    Which Bots to Follow to stay updated about DeFi

    Posted: 23 Mar 2020 12:06 PM PDT
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