Saturday, 19 November 2022

Are certain YouTubers part of the FTX and BlockFi thing?

Hi guys,

For months several youtubers have been promoting FTX and BlockFi. It seems that one of them, with over 200,000 followers, has been more transparent and said that FTX paid him $50,000 a month. So how much did those who have 500,000 followers or more than 1 million earn?

They have gotten rich by promoting something to their followers that could have led them to bankruptcy. Nobody is responsible? Weren't they responsible for researching what they promote? Is this legit?

Can't those affected who followed the advice of these youtubers to invest with FTX and Blockfi sue them?

Should followers report to YouTube that they have been promoting those platforms?

Honest questions. I wonder if it is only the FTX employees who are responsible.

submitted by /u/MaverickDoge
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How the FTX collapse highlights the importance of bitcoin self-custody

How the FTX collapse highlights the importance of bitcoin self-custody submitted by /u/porterhodl
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Is there any risk to your dollars if you hold them on an exchange but NOT as a stablecoin like Tether?

Let's say the giant Tether bubble pops, and I have $1,000 on Kraken or Coinbase as USD. Not as USDC or USDT...Will my funds be safe? Or will the collapse of something as massive as Tether still have cascading effects that could affect my money?

submitted by /u/AbrahamSTINKIN
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source https://www.reddit.com/r/btc/comments/yytky0/is_there_any_risk_to_your_dollars_if_you_hold/

FTX seed + series A, B, C investors

FTX seed + series A, B, C investors submitted by /u/Infamous_Sympathy_91
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The Bitcoin Cash (BCH) Van - the (very) 1st Edition

The Bitcoin Cash (BCH) Van - the (very) 1st Edition submitted by /u/Massive-Bandicoot-57
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source https://www.reddit.com/r/btc/comments/yysxms/the_bitcoin_cash_bch_van_the_very_1st_edition/

Dave Ramsey Still Doesn't Get It

In his latest video he tried to go after us over FTX even though FTX had zero Bitcoin. He called them a "Bitcoin exchange" and demonstrated throughout that he still doesn't understand what Bitcoin is. Bitcoin is not crypto, Bitcoin might have gotten hit price wise in the short term but it's all the other shitcoins that got screwed directly by FTX. Hate to say it, but Dave, you still are a boomer. You still don't understand bitcoin, and my money is just fine in my cold storage but thanks for being "concerned" for its whereabouts. My advice for you at this point is please, please stay in real estate. This shiz ain't for you.

submitted by /u/Dextradomis
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Friday, 18 November 2022

PSA: Luke Dashjr's server compromised this morning; double-check PGP signatures of any downloads!

PSA: Luke Dashjr's server compromised this morning; double-check PGP signatures of any downloads! submitted by /u/luke-jr
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Not buying Bitcoin, am I being dumb

I’ve been saving up my money for the past month, I’m currently on £6000 in my bank and £5000 in Ethereum, I’ve been trying to save my bank money until I can get to like 16k and buy a whole bitcoin with a couple thousand left in my bank. My job is self employed and I’m also a live at home student so I don’t really have expenses, but my income is inconsistent, I’ve earned £4000+ one week and then £50 the next week. I get more student maintanence loan money january too (£1500)

Anyway, should I just save up and then buy when I hit the 1bitcoin mark or start pouring some in rn? It’s at its all time low basically for the past year or two but then again the economy is doing bad rn so I could see it going lower.

What would you suggest, I appreciate any help and if I have left out any gaps please ask in the comments

submitted by /u/Still_Hat6758
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source https://www.reddit.com/r/btc/comments/yy2ggt/not_buying_bitcoin_am_i_being_dumb/

"Fix the money, fix the world" Do you agree with this?

Please explain

submitted by /u/xTTLegend
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Is my crypto at FTX gone?

I do some long term investing in stocks and quite recently decided to do some crypto long term.

I chose FTX as it was popular and it had tokens I wanted to buy.

Bad luck for me :D

As it was a passive investment I did not follow the news daily and totally missed on the possibility to cash out.

Now wondering is my $ gone gone or temporary "on hold".

How likely you think that FTX will get acquired or in other way will raise cash to return investments to the clients?

As I understood, FTX is trying to restructures and raise cash, it is not closed entirely, there is a new CEO and all

----

P.S. I found this service that that says will alert if FTX enables withdrawals, wondering if it is legit http://ftxstatus.live/

submitted by /u/mrdakal
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source https://www.reddit.com/r/btc/comments/yxz8x0/is_my_crypto_at_ftx_gone/

Bitcoin is much more complex than it seems

Bitcoin is much more complex than it seems submitted by /u/YoMan0x
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Elon Musk's Top 3 Cryptocurrencies For The Future

Elon Musk's Top 3 Cryptocurrencies For The Future submitted by /u/liquidocelotYT
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source https://www.reddit.com/r/btc/comments/yxviht/elon_musks_top_3_cryptocurrencies_for_the_future/

Thursday, 17 November 2022

Do we need to more discussion about multi-sig?

In light of the current events it's great to see more people waking up the importance self custody, but are we overlooking the fact that hardware wallet software is another potential single point of failure?

Could a malicious hardware wallet software be the next shoe to drop that causes catastrophic losses?

Several months ago I purchased a 2nd hardware wallet from a different vendor to create a multi-sig wallet, but have been reluctant to set up the multi-sig in avoidance of complexity, but I am now being convinced that I/we should be more proactive about this before any possible future "surprise".

Anyone experienced have a reference for options/best way to multi-sig with 2 different hardware devices?

submitted by /u/donmulatito
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WE NEVER INVEST YOUR STUFF, WE GIVE IT TO ALAMADA AND THEY GAMBLE IT ALL AWAY....BUT NOT FTX. SBF gives an interview post bankruptcy.

WE NEVER INVEST YOUR STUFF, WE GIVE IT TO ALAMADA AND THEY GAMBLE IT ALL AWAY....BUT NOT FTX. SBF gives an interview post bankruptcy. submitted by /u/big--if-true
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source https://www.reddit.com/r/btc/comments/yx746k/we_never_invest_your_stuff_we_give_it_to_alamada/

Daily Discussion, November 16, 2022

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

submitted by /u/rBitcoinMod
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Fake bitcoin has a dangerous effect on the real bitcoin market. Here's a lesson on how the supply of bitcoin is being manipulated and what we can do to fight back.

Fake bitcoin has a dangerous effect on the real bitcoin market. Here's a lesson on how the supply of bitcoin is being manipulated and what we can do to fight back. submitted by /u/statoshi
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Pay Denskey Den Skeyden using PayPal.Me

Pay Denskey Den Skeyden using PayPal.Me submitted by /u/Fresh_Imagination_48
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source https://www.reddit.com/r/btc/comments/yx2fnl/pay_denskey_den_skeyden_using_paypalme/

Wednesday, 16 November 2022

Michael Saylor Interview Today on Sam Bankman-Fried FTX Implosion "This is Why I'm Bullish on Bitcoin"

Michael Saylor Interview Today on Sam Bankman-Fried FTX Implosion "This is Why I'm Bullish on Bitcoin" submitted by /u/StocksWithCamden
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What is happening right now in Nigeria is the major reason to save your money in BCH. Have you heard of what is happening to Naira? A good example to prove that crypto is the future!

What is happening right now in Nigeria is the major reason to save your money in BCH. Have you heard of what is happening to Naira? A good example to prove that crypto is the future! submitted by /u/GabbyShare
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source https://www.reddit.com/r/btc/comments/ywai2j/what_is_happening_right_now_in_nigeria_is_the/

Maxis are unhappy with Peer-to-Peer Electronic Cash Adoption

Maxis are unhappy with Peer-to-Peer Electronic Cash Adoption submitted by /u/Egon_1
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source https://www.reddit.com/r/btc/comments/yw8fjs/maxis_are_unhappy_with_peertopeer_electronic_cash/

Watch the Adopting BTC 22 Livestream on a Lightning Native Platform!

submitted by /u/Egge_
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Only Brazilian crypto journalist/researcher (myself - vini barbosa) and portal (cointimes) to cover BCH adoption at St Kitts and Nevis (and I don't even own BCH), but congratulations for your work there Bitcoin Cash community! I'm a great admirer and enthusiast of decentralized money adoption.

submitted by /u/vinibarbosa
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source https://www.reddit.com/r/btc/comments/yw7hk9/only_brazilian_crypto_journalistresearcher_myself/

The May 2023 upgrade to Bitcoin Cash (BCH) is now active on the test network 🎉

submitted by /u/bitjson
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source https://www.reddit.com/r/btc/comments/yw598n/the_may_2023_upgrade_to_bitcoin_cash_bch_is_now/

Tuesday, 15 November 2022

Not your keys, not 21M coins

The only way to keep the exchanges halfway honest is for bitcoiners to pull their keys offline. Otherwise, they'll keep selling the same fake coin 100x over, just like FTX did.

submitted by /u/Mr_Eckert
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Coinbase email reassured me that funds are safe on their servers

..so I moved all coins to cold storage. #NeverAgain.

submitted by /u/hotdogSamurai
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When will be the day when everyone will withdraw the bitcoins they hold on exchanges, to trust the reserves of exchanges?

submitted by /u/Affectionate-Type-89
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source https://www.reddit.com/r/btc/comments/yvartd/when_will_be_the_day_when_everyone_will_withdraw/

The FTX Scam Is Indicative of a MUCH Larger Problem - America's Elite Have Been Using the Same Schemes to Fleece the Middle Class for 100+ Years

The FTX Scam Is Indicative of a MUCH Larger Problem - America's Elite Have Been Using the Same Schemes to Fleece the Middle Class for 100+ Years submitted by /u/s3k2p7s9m8b5
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Visa has terminated global debit card agreements with FTX

Visa has terminated global debit card agreements with FTX submitted by /u/Egon_1
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source https://www.reddit.com/r/btc/comments/yv7zbc/visa_has_terminated_global_debit_card_agreements/

Monday, 14 November 2022

Tether scrambling with maintaining its peg

Tether scrambling with maintaining its peg submitted by /u/Egon_1
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source https://www.reddit.com/r/btc/comments/yuedha/tether_scrambling_with_maintaining_its_peg/

It appears that some exchanges are potentially faking proof of reserves audits with each other’s funds (???) CZ has once again chimed in, which will exacerbate a potential run on reserves.

It appears that some exchanges are potentially faking proof of reserves audits with each other’s funds (???) CZ has once again chimed in, which will exacerbate a potential run on reserves. submitted by /u/Bitcoin_Freedom
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FTX had no BCH on their balance sheet because they sold all customer deposits as they came in. They gambled the proceeds on FTT, Solana and other trash. The BCH community has suspected exchanges of selling all BCH customers deposit, making BCH one of the most shorted cryptos.

FTX had no BCH on their balance sheet because they sold all customer deposits as they came in. They gambled the proceeds on FTT, Solana and other trash. The BCH community has suspected exchanges of selling all BCH customers deposit, making BCH one of the most shorted cryptos. submitted by /u/big--if-true
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source https://www.reddit.com/r/btc/comments/yud6sb/ftx_had_no_bch_on_their_balance_sheet_because/

Kim Dotcom destroys Bitcoin Cash reputation

submitted by /u/Massive-Bandicoot-57
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source https://www.reddit.com/r/btc/comments/yubtz9/kim_dotcom_destroys_bitcoin_cash_reputation/

FTX and Ukraine?

I’ve been seeing talks of politicians using Ukraine and FTX to launder money. The theory goes: U.S. send money to Ukraine, Ukraine puts portion of money into FTX, then FTX “donates” said money to political campaigns. If this were true, it would mean taxpayer dollars are going to political campaigns.

I’ve only seen this on twitter, so I’ve been taking it with a grain of salt. I know SBF has been vocal about his political donations in the past but I haven’t been able to find any evidence for this theory. Was this just pulled out of someone’s ass for twitter likes, or is there any truth behind this?

submitted by /u/Key_Purchase_3075
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source https://www.reddit.com/r/btc/comments/yubkk5/ftx_and_ukraine/

Bluetooth isn't good.

I keep on seeing reviews for hardware wallets with bluetooth capability. Most of the time if a hardware wallet doesn't have blue tooth it's viewed as a con or a negative and I have to disagree with that sentiment. Why? Bluetooth is not secure, it is not safe. How do I know that? Military practice. All DOD/federal buildings that have any dealings with classified materials don't allow bluetooth/wireless capable keyboards, mice, and other electronic devices inside their buildings. It's literally illegal to connect them to any of their computers. It's not just the transmission capability, it's the hack-abitability of bluetooth. All government employees that deal with cyber security are told to keep their bluetooth on their PEDs off, along with covering up their cameras, among other things. There's a good reason for it. So please, don't listen to these reviewers about bluetooth capability on hardware wallets. It's way better if they don't have it. Convenient shiz usually ends up being vulnerable.

Keep it simple stupid, and funds will be sayfu.

submitted by /u/Dextradomis
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Sunday, 13 November 2022

Welp, there goes the BlockFi credit cards... Got this email about 10 minutes ago.

Welp, there goes the BlockFi credit cards... Got this email about 10 minutes ago. submitted by /u/DCAfinacialDude
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Tether is a ticking time bomb!

Tether is a ticking time bomb! submitted by /u/Egon_1
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source https://www.reddit.com/r/btc/comments/ytgqqb/tether_is_a_ticking_time_bomb/

I actually think this whole Ftx thing will be positive for the crypto market long term.. Many more people will start to self custody pushing the price of Bitcoin and others higher higher.

submitted by /u/Crypto-hercules
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ILL NEVER SELL MY BITCOIN!!!

ILL NEVER SELL MY BITCOIN!!! submitted by /u/Cryptodegen01
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Despite all the bad news, we just hit new ATH in hashrate :)

Despite all the bad news, we just hit new ATH in hashrate :) submitted by /u/Luckynumba2
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Be Careful Out There Folks

Be Careful Out There Folks submitted by /u/samdane7777
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source https://www.reddit.com/r/btc/comments/ytfhpp/be_careful_out_there_folks/

Latin American Bitcoin Conference: Samson Mow talks about grifters printing shitcoins out of thin air sitting next to guy who printed shitcoin out of thin air

Latin American Bitcoin Conference: Samson Mow talks about grifters printing shitcoins out of thin air sitting next to guy who printed shitcoin out of thin air submitted by /u/KAX1107
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