1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

What do people think about Bitcoin?

Discussion in 'BBS Hangout' started by Spooner, Jan 25, 2014.

?

What is the fate of Bitcoin?

  1. Currency of the future

    34.8%
  2. Passing Fad

    65.2%
  1. JHarden713

    JHarden713 Member

    Joined:
    Jan 30, 2014
    Messages:
    2,537
    Likes Received:
    955
    Too late now, I've been holding for awhile now.
     
  2. DonnyMost

    DonnyMost Member
    Supporting Member

    Joined:
    May 18, 2003
    Messages:
    48,890
    Likes Received:
    19,760
    Holding what
     
  3. DonnyMost

    DonnyMost Member
    Supporting Member

    Joined:
    May 18, 2003
    Messages:
    48,890
    Likes Received:
    19,760
    1) what rug pull

    2) knowing is half the battle
     
  4. Ziggy

    Ziggy QUEEN ANON

    Joined:
    Jun 11, 1999
    Messages:
    37,245
    Likes Received:
    13,715
    The rug pull when Elon and Trump sell before some sort of weird legislation they already know about happens (and after Trump keeps hyping it). You are in it long you'll be aight. Entire economy is ponzi right now though. Saylor is posting AI images as a cowboy. Bean cans but be a smart play.
     
  5. JHarden713

    JHarden713 Member

    Joined:
    Jan 30, 2014
    Messages:
    2,537
    Likes Received:
    955
    Ethereum, Solana, Aioz, Fet, Render, Trac, ZRO, SUI, Moonwell, Karrat,
     
  6. Space Ghost

    Space Ghost Member

    Joined:
    Feb 14, 1999
    Messages:
    17,885
    Likes Received:
    8,428
    Those are all finna moon. Double down. Whatever you do, don't buy bitcoin. Its going to zero as its just a fad.
     
  7. Invisible Fan

    Invisible Fan Member

    Joined:
    Dec 5, 2001
    Messages:
    45,846
    Likes Received:
    27,910
    Solana mooned the year before. Only regrat was not buying more after the SBF bottom.

    You don't hold shitcoins when people or media asks whether one should hold shitcoins.
     
  8. IBTL

    IBTL Member

    Joined:
    Nov 22, 2010
    Messages:
    15,560
    Likes Received:
    15,764
    Who gives a **** about crypto. How the **** is this thread still going?
     
  9. DonnyMost

    DonnyMost Member
    Supporting Member

    Joined:
    May 18, 2003
    Messages:
    48,890
    Likes Received:
    19,760
  10. KingCheetah

    KingCheetah Atomic Playboy
    Supporting Member

    Joined:
    Jun 3, 2002
    Messages:
    58,750
    Likes Received:
    52,126
    How North Korea pulled off a $1.5 billion crypto heist—the biggest in history

    The cryptocurrency industry and those responsible for securing it are still in shock following Friday’s heist, likely by North Korea, that drained $1.5 billion from Dubai-based exchange Bybit, making the theft by far the biggest ever in digital asset history.

    Bybit officials disclosed the theft of more than 400,000 ethereum and staked ethereum coins just hours after it occurred. The notification said the digital loot had been stored in a “Multisig Cold Wallet” when, somehow, it was transferred to one of the exchange’s hot wallets. From there, the cryptocurrency was transferred out of Bybit altogether and into wallets controlled by the unknown attackers.

    Researchers for blockchain analysis firm Elliptic, among others, said over the weekend that the techniques and flow of the subsequent laundering of the funds bear the signature of threat actors working on behalf of North Korea. The revelation comes as little surprise since the isolated nation has long maintained a thriving cryptocurrency theft racket, in large part to pay for its weapons of mass destruction program.

    Wallets are accounts that use strong encryption to store bitcoin, ethereum, or any other form of cryptocurrency. Often, these wallets can be accessed online, making them useful for sending or receiving funds from other Internet-connected wallets. Over the past decade, these so-called hot wallets have been drained of digital coins supposedly worth billions, if not trillions, of dollars. Typically, these attacks have resulted from the thieves somehow obtaining the private key and emptying the wallet before the owner even knows the key has been compromised.

    It’s still unclear how the attackers managed to hack the UIs of multiple Bybit employees whose signatures were required for the funds to be moved out of cold storage, but as researchers Dan Guido, Benjamin Samuels, and Anish Naik of security firm Trail of Bits noted, hackers working on behalf of the North Korean government have long deployed sophisticated malware tools that:

    -Operate seamlessly across Windows, MacOS, and various wallet interfaces
    -Show minimal signs of compromise while maintaining persistence
    -Function as backdoors to execute arbitrary commands
    -Download and execute additional malicious payloads
    -Manipulate what users see in their interfaces

    https://arstechnica.com/security/20...-billion-crypto-heist-the-biggest-in-history/
     
    B-Bob likes this.
  11. Invisible Fan

    Invisible Fan Member

    Joined:
    Dec 5, 2001
    Messages:
    45,846
    Likes Received:
    27,910
    nyk nyc
     
  12. DonnyMost

    DonnyMost Member
    Supporting Member

    Joined:
    May 18, 2003
    Messages:
    48,890
    Likes Received:
    19,760
    more like just stay away from sh1tcoins

     
  13. Sajan

    Sajan Member

    Joined:
    Apr 18, 2009
    Messages:
    9,232
    Likes Received:
    7,031
  14. hooroo

    hooroo Member

    Joined:
    Oct 16, 2003
    Messages:
    19,273
    Likes Received:
    1,900
  15. Sajan

    Sajan Member

    Joined:
    Apr 18, 2009
    Messages:
    9,232
    Likes Received:
    7,031
  16. DonnyMost

    DonnyMost Member
    Supporting Member

    Joined:
    May 18, 2003
    Messages:
    48,890
    Likes Received:
    19,760
  17. B-Bob

    B-Bob "94-year-old self-described dreamer"
    Supporting Member

    Joined:
    Jul 26, 2002
    Messages:
    35,953
    Likes Received:
    36,749
    Will be interesting to watch this space as quantum computing keeps leaping forward and threatens traditional encryption schemes used by cryptocurrencies.

    Those heavily invested may want to read up a bit, especially while the US still has an academic research infrastructure, LOL. Not sure how easily a decentralized system can ensure post-quantum encryption and enforce against anybody using RSA or similarly vulnerable techniques.
     
  18. KingCheetah

    KingCheetah Atomic Playboy
    Supporting Member

    Joined:
    Jun 3, 2002
    Messages:
    58,750
    Likes Received:
    52,126
    Once the quantum hardware is ready to run the AI software I think it's all over anyway.
     
    adoo, Invisible Fan and B-Bob like this.
  19. Invisible Fan

    Invisible Fan Member

    Joined:
    Dec 5, 2001
    Messages:
    45,846
    Likes Received:
    27,910
  20. Ziggy

    Ziggy QUEEN ANON

    Joined:
    Jun 11, 1999
    Messages:
    37,245
    Likes Received:
    13,715

Share This Page

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now