[Daily Discussion] Thursday, July 16, 2020 Bitcoin Markets |
- [Daily Discussion] Thursday, July 16, 2020
- [Altcoin Discussion] Thursday, July 16, 2020
- Bitcoin Hacks & basic ways to protect your Crypto
- Twitter hacker(bc1qxy-) stats:
- BTC technical analysis
- SIMBA — stablecoin of reliable storage
| [Daily Discussion] Thursday, July 16, 2020 Posted: 15 Jul 2020 09:04 PM PDT Thread topics include, but are not limited to:
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| [Altcoin Discussion] Thursday, July 16, 2020 Posted: 15 Jul 2020 09:05 PM PDT Thread topics include, but are not limited to:
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| Bitcoin Hacks & basic ways to protect your Crypto Posted: 16 Jul 2020 06:46 AM PDT Interest in Bitcoin is increasing globally. More and more people are willing to participate in Bitcoin trading and mining. However, Bitcoin history shows that it is not always as safe as we would like it to be. Let's take a look at some major Bitcoin hacks. AllinvainAllinvain is a nickname of a user on BitcoinTalk forums. Basically, he was the first one to experience a major Bitcoin loss. He lost 25,000 bitcoins, all together it was worth around $500,000. The user believed that someone hacked into his computer to steal BTC. Mt GoxShortly after Allinvain's case, the next hack attempt happened. Mt Gox was one of the biggest exchanges that provided a trade between Bitcoin and fiat money. Hackers compromised its website and started to sell Bitcoins. Their actions made the price go down dramatically. However, attackers did not pay attention to the $1000 limit Mt Gox had. Nonetheless, that hack attack had an important influence on BTC. Other exchangesExchanges are being attacked by hackers quite often. In 2012 Bitfloor suffered a terrible attack and lost 24,000 BTC (around $250,000). Unfortunately, this exchange was not able to survive the attack and was closed in 2013. In 2015 Bitstamp exchange was hacked. It lost approximately 19,000 BTC (around $5 million). In 2016 Bitfinex also lost 120,000 BTC (around $77 million) to hackers. Twitter hackThe last attack happened in one of the biggest social nets. Twitter became a part of the latest attackers' actions. The most significant and world-famous accounts promoted Bitcoin scam for several hours. Anti-hack protectionThe most important question is how to protect your Bitcoin savings from upcoming attacks. Here are some basic things that may help you to be safe:
Even though there is no way to be a hundred percent safe, there are a lot of steps we can take to avoid unfortunate losses. Cryptocurrency services are improving their protection systems all the time, and we all should do what we can to make this network more secure. [link] [comments]  |
| Twitter hacker(bc1qxy-) stats: Posted: 15 Jul 2020 09:53 PM PDT - No BTC went into exchanges yet More details: https://twitter.com/cryptoquant_com/status/1283597487354163201?s=20 [link] [comments]  |
| Posted: 15 Jul 2020 10:11 PM PDT |
| SIMBA — stablecoin of reliable storage Posted: 15 Jul 2020 10:49 PM PDT All 2019 I was thinking and planning to create my own stablecoin. It's time to share my vision with you, my dear community! My idea is to create a stablecoin that is not pegged to fiat currency (of which there are already a lot of varieties) but to the most important asset of the cryptocurrency market — Bitcoin. 1 Bitcoin = 100,000,000 SIMBA. Yes, I am a Bitcoin maximalist and believe in the future of this asset, in its technology and huge potential for its growth in the next 10–15 years. For most people who see and expect the same perspectives, Bitcoin is a chance to change their well-being and improve their living standards forever. Of course, Satoshi Nakomoto (the pseudonym of the Bitcoin creator) left to us the idea of a decentralized network without the intervention of third parties, but in reality a large number of Bitcoins were lost forever. In 2018 the research of the Chainalysis company showed a loss of about 3.79 million BTC, which is 23.3% of the total. At today's exchange rate it makes 38 billion Swiss francs, and it was almost 75.8 billion Swiss francs at the peak of the Bitcoin price in December 2017. And these losses continue to grow due to the inattentive approach of users to the storage of passwords and electronic keys, fraudulent or manipulative schemes or due to hacker attacks. In many countries of the world, even in large cities of the CIS, cases of robbery and even murder for Bitcoins have become more frequent. Attackers use to various methods of blackmail and torture their victims. All this remains unpunished also because of the uncertain status of Bitcoin in these countries and the lack of regulations. I believe that the number of such attacks will increase in direct proportion to the price increase of the first cryptocurrency. According to the data from various analysts, if all the dollar millionaires of the planet decide to invest their money in Bitcoin the price will rise to $ 17 million. Where there's demand, there's supply and it will never be enough for everyone, since Bitcoin is limited to issuing 21 million units or "coins," as they are commonly called in the cryptocurrency community. That is why, even if all the same millionaires decide to buy themselves some digital gold, then each will have an amount of not more than $ 800 to buy from the remaining free part of Bitcoins. This simple math gives me the confidence that the price will definitely only increase over the years. Taking into account everything mentioned above, I suggest that everyone on planet Earth takes a small portion of their deposits from the usual banks and buys BTC. Then, distribute BTC into 2–3 different independent storages and one of them must be a storage which I called Simba.Storage. Concept, metrics, technology [Image for post] The issue of the Simba.Storage is controlled by the SIMBA smart contract on the Ethereum blockchain decentralized network. SIMBA is a stable-price cryptocurrency algorithmic protocol provided by Bitcoin. It is aimed to solve the problem of reliable storage, by combining an algorithmic approach based on a smart contract, the Ethereum blockchain and the ERC-20 standard. The Stabilized SIMBA coin can only be baked with Bitcoin unlike the fiat stable coins (USDT, TUSD, BUSD, PAX, USDC, ROX) represented by centralized objects. The nature of SIMBA technology allows it to be used as the main protocol in trade-related applications in its ecosystem. 1 BITCOIN = 100,000,000 SATOSHI = 100,000,000 SIMBA SIMBA cannot be hacked, broken, detonated, destroyed, altered, taken away or stolen. By BTC transfer to the storage address the SIMBA smart contract issues the number of stablecoins that is equal to the number of your BTC. You get stablecoins equal to the price of BTC for free use, while your real BTC are in a reliable storage. If you need to withdraw your BTC back, the SIMBA smart contract automatically takes away the equivalent number of stablecoins you received earlier. The number of SIMBA stablecoins cannot be more than the number of BTC in all storages (this is open information for all Internet users). List of potential areas of interest for SIMBA stablecoins Payment of goods and services; Benefits for Simba.Storage Users [Image for post]
It is very important to note separately that attackers can never steal your SIMBA coins and, especially, BTC! Multi-level user authentication will not make it happen! How it works [Image for post] a) When registering on the Simba.Storage website, you enter your personal data to go through KYC (user verification process) according to the regulator standards. After verifying your identity, you provide your BTC and ETH addresses. Then you need to leave a request for the exchange of your Bitcoins for SIMBA coins, which will provide you a convertible account in order to transfer your BTC to the selected storage address. Our platform will find 3 confirmations and a smart contract will automatically print you the SIMBA stablecoins and send them to the ETH address that you added earlier in your account. From now on, your digital gold is safe! b) If you need to transfer your SIMBA coins to a friend, a partner or anyone else for payment of real estate, a car, a yacht, as a provision of other financial support or assistance and so on, you will need to register it in the system with your ID number. After all the necessary registrations and a KYC process, you send another person SIMBA coins to his/her ETH address (all data is stored in one storage database) and your person will be able to exchange received SIMBA to Bitcoins by withdrawing them to his/her account — it is fast and easy. c) If you decide to invest your funds into the investment portfolio, you select the product of the partner companies and transfer them to the indicated Simba.Storage account. After that your assets begin to work and bring a big profit. You get the profit from the invested money in the form of SIMBA stablecoins to your account in Simba.Storage. d) If you need to inherit your tokens and bequeath them to your relatives or friends, you fill out a special form in your personal account and sign it in the Blockchain registry. After that the heirs will be able to claim the inherited assets in case of your death. e) Another available option to you with Simba.Storage is a trust fund for your children. You choose the conditions of the Trust, pay the bill by investing a separate amount of SIMBA coins and after putting the data of your nearest and dearest ones your contribution is opened. Storage Monetization [Image for post] 1. Simba.Storage has a one-time fee of 50,000 SIMBA / 0.0005 BTC (~ $ 5) for opening and closing a deposit in the strage. 2. Simba.Storage charges a fee of 50,000 SIMBA / 0.0005 BTC (~ $ 5) for each transfer between customers. 3. Simba.Storage has an annual custody fee of 0.4–0.8% of the amount of your contribution to the warehouse. On 02.10.2019, the network testing has been started with a closed group of clients The applicants had the following requirements: [Image for post] ✓ Have BTC wallet and willingness to make a contribution to the system from 0.05–0.1 BTC; ✓ Have Metamask browser extension with $ 2–5 on the account; ✓ Provide personal data (name, phone number, Telegram username, email); ✓ Confirm the origin of the BTC (details of the procedure will come a little later, after choosing a provider); ✓ Pass KYC according to the regulator standards of Liechtenstein or Switzerland; ✓ Transfer the funds in the system at least once per month during the testing process (deposit, withdrawal, transactions between other participants). The bonuses for participating in testing the system I ( Anton Katin) will personally sign an official document for participation in a stablecoin testing and the development of the future international strage. It is very likely that it will have value after decades; Simba.Storage demonstrates that Switzerland can and should be innovative! Kind regards Anton Katin — Simba.Storage founder. [link] [comments]  |
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