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After the craziest half a year, China's crypto mining entered a period of sharp turbulence from May to June. Under the attack of local governments, most of the mines were shut down. The miners who just entered the high point this year suffered huge losses. The sell-off of some miners under economic pressure also led to a sharp correction in the crypto market.
At the moment, how to dispose of this batch of down-time mining machines and minimize losses is the most urgent problem for miners of all sizes.
Going overseas is the way that miners have placed the greatest hope before, but after a period of exploration, the road to overseas is not as smooth as expected, and some small miners are still trying to stay

After experiencing the craziest half a year, China's crypto mining entered a period of drastic turbulence from May to June.

After the craziest half a year, China's crypto mining entered a period of sharp turbulence from May to June. Under the attack of local governments, most domestic mines have been shut down. The miners who just entered the high point this year suffered huge losses. The sell-off of some miners under economic pressure also led to a sharp correction in the crypto market.

Looking at it now, it is a fact that Bitcoin mining consumes a lot of energy, and the government's crackdown is a foregone conclusion. The transition to clean energy should be a long-term solution for the mining industry to seek sustainable development. At the moment, how to dispose of this batch of down-time mining machines and minimize losses is the most urgent problem for miners of all sizes.

Going to the sea is the way that miners have placed the greatest hope before, but after a period of exploration, the road to sea is not as smooth as expected, and some small miners are still trying to stay behind.

DeFi is a highly innovative field. New projects tend to explode within a minute, an opportunity that is hard to grasp with DYOR（Do Your Own Research ）.
Anyone can issue scams or air programs, and nothing can stop them. It’s not technically easy, but at the community level, we can talk to each other, identify common fraud patterns, and separate legitimate innovation from fraudulent fraud.
So, here are a few things to keep in mind:

1. What is the purpose of the project?
One thing you can ask is: is the project trying to do something innovative? Are they trying to boost the digital economy with their projects? How is it different from its competitors? Do they have a unique value proposition?
These are very simple, common-sense questions. However, by asking questions to the project side, you can block out some of the fraud.

2. Development Activities
DeFi is tied to the spirit of open source. So, if you know something about code, you can look at the project code.

3.Was the founder anonymous?
Note that not all projects led by anonymous teams are scams. Of course, there are many examples of legitimate projects created by anonymous teams. Still, you should consider the impact of team anonymity when evaluating a project.
So, in short, must the anonymous founder’s project be bad? Not Necessarily. Is it harder for anonymous founders’projects to be held accountable for malicious acts? That’s for sure.

4.How are tokens distributed?
There are many nuances to consider in a token allocation model. In many cases it is even difficult to obtain this information, which is itself a risk. However, this is a basic piece of information that you must have if you want to get a complete picture of the project.

According to datamish data, from about 13:00 on July 8th, Beijing time, it is suspected that a large account (or institution) has lent Bitcoin to sell short on Bitfinex. As of 15:03, a total of 5219 BTC has been lent, and this number is still growing. Most short positions are non-hedged.

At 17:20 on June 25th, Beijing time, a large amount of Bitcoin (or perhaps organized) lent a large amount of Bitcoin on Bitfinex. The price of Bitcoin was around 34,300 at that time. With the increase in the number of bitcoins lent, the price of bitcoin fell in response. As of 21:20, it fell below the 33,000 mark; as of 21:30 Beijing time, a total of 15,157 bitcoins had been lent at a lending rate of 0.004%.

If there is no futures, the cost of shorting Bitcoin will be very high. Is this conducive to the stability of Bitcoin's currency price and reduce the occurrence of skyrocketing and falling?
Do you think I am right?

A distributed ledger is a database distributed on multiple nodes or computing devices. Each node replicates and saves an identical copy of the ledger. Each participating node of the network updates itself independently.

Check carefully my post with rainbowkun.Double check every post of rainbowkun.

...
The Triffin Dilemma warns us: The system that relies on the currency of a sovereign country as an international currency will inevitably fall into the Triffin Dilemma and collapse.
...

When the Bretton Woods system is over, the Jamaican system centered on USD with multi-reserve and managed floating exchange rate began to establish, which is also the main currency system in our society. Achieving diversification in international reserves to some extent, it still cannot fundamentally solve that problem particularly when sovereign currencies start to decouple from gold, entering the era of pure credit currency.

One hour is too short, you should learn from ratimov. Read verbatim for 25 hours, you are a bug compared to ratimov.

Nope. The only way the red tag comes off is if you are banned.

The essential attributes of Bitcoin:Bitcoin is a database.

https://www.fallenstar.cn/caa80_dpmmfhf/993.html


Let's put an end to it and find a more concrete example... I spent about an hour. It's somebody else's turn.

But if I am not banned, I believe you will delete this review one day.You will see that I disdain for plagiarism.

And I am ashamed of the mistakes I made during my newbie period.

Looking at Bitcoin from the subject of computer science, Bitcoin is a database. This database is composed of decentralized software protocols and standard programming languages. People on the Yunxi Internet transfer value to scarce digital assets with low transaction costs.

Ricardo Salinas Pliego, the third richest man in Mexico, said that he hopes his bank will become the first bank in Mexico to accept Bitcoin. We heard that many banks have begun to use cryptocurrencies, especially BTC. The main difference from this case is that Ricardo Salinas Pliego actually believes that BTC is a real gold equivalent, while fiat currency is actually a fraud. He said that the most significant feature of BTC is that it has a total supply, which cannot be said for any legal currency.
What do you think? Is there a real difference? Will it be a successful project?

Germany's new "Fund Positioning" will take effect on July 1, 2021. The new law will allow 4000 Spezialfonds to invest in encrypted assets.
As early as November 29, 2019, the German Bundestag passed a law allowing banks to sell and store cryptocurrencies. The law went into effect on January 1, 2020. The law also requires cryptocurrency exchanges and custodial service providers operating in Germany to apply for permission from the government.
Managers of institutional investment funds will now be able to allocate 20% of funds to crypto assets. It applies not only to the existing Spezialfond, but also to the new Spezialfond established by institutional investors such as financial institutions, insurance companies and pension funds.
El Salvador has previously designated Bitcoin as legal tender, and now Germany allows Bitcoin investment. The future development of Bitcoin will definitely be very good. If you have Bitcoin now, you will use it to invest. Or is it used for daily payments?

July 12 is not a long time ago, not in my world, not in yours, not in anybody's.  This isn't a "mistake" you made years ago, it's plagiarism about a month and a half ago.

How is it you haven't been banned for plagiarism yet?  Hopefully those posts have been reported, and if not, I'm going to report them myself right now.  I don't understand your explanation for doing what you did; it sounds like an excuse, which is most likely what it is.  This forum is full of those.

Perhaps not but it doesn't matter because you are passing off the work of others as your own. And I'm not going to sit around and wait for the mods to ban you - although you absolutely should be banned - I'm red tagging plagiarists from this point forward.

But these do not prove that RainbowKUN and I are the same person. To be honest, I can't write an article like his.

valentine wheeler - Date Registered: January 26, 2021, 05:34:09 AM

Digital currency is only a form of value information, which perfectly realizes the value transmission of the network.

The purpose of Bitcoin is to establish a decentralized electronic digital peer-to-peer (P2P) payment system to prevent the reuse of digital assets.

Digital currency is only a form of value information. The purpose of Bitcoin is to establish a decentralized electronic digital peer-to-peer (P2P) payment system to prevent the reuse of digital assets.

Glad you can check my post. That was a post a long time ago.That post was indeed published after I read other articles.

[...]

And yes, the rest of the post is also plagiarized, except for where he couldn't translate the word Summit and used the actual name of the supercomputer mentioned, which is Fugaku, which is another name for Mt. Fuji in Japanese.

I think you're wrong, Ratimov.

I used my mobile phone to read your post roughly, but I can't reply you seriously now. It's 1：00 am in my time zone. I must go to bed. I will get up early tomorrow morning to wait for the bus with my girlfriend. She will go back to her hometown.

If you are interested, I will take a picture of tomorrow's ticket for you.

Reserved for tomorrow’s post.

I hope you can understand that it is a bit painful to use my phone to reply to the forum.

The asymmetric encryption algorithm contains both a public key (Public Key) and a private key (Secret Key).

Data encrypted with the private key can only be decrypted with the public key, and data encrypted with the public key can only be decrypted with the private key.

Bitcoin uses an asymmetric encryption algorithm to ensure the security of every transaction. Every account (It may be a bit strange that the word account exists in Bitcoin's utxo system.) in the network is a public key in a pair of secret keys, and the owner of the account holds the private key.

It should be noted that it is extremely dangerous to use a website to generate a Bitcoin address and private key.
We do not know whether the website will store a private key, so it is recommended to use a Bitcoin client to generate a public-private key pair.

For example, we want to hack an account：35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP（12/7/2021 101451.70580859 BTC），

We  have to try 1.1579209e+77 times to crack his private key.

Thank you, but I rarely do this, unless there are some very interesting cases.

The pumping of accounts has actually been going on since the beginning of July, even the RainbowKun account, which was registered before anyone else, began its active posting in July, and other accounts immediately began to appear. We are not dealing with a standard shitposter bot engine that sends spam from multiple accounts. Here the case is more interesting. A person writes good posts from different accounts. This is how he inspires confidence. I understand the skepticism of the community, it's just that many people have dissonance. How so, a good poster and a cheater? Doesn't fit.

Therefore, no one wants to contact these accounts, because they seem to have done nothing bad to anyone, write interesting thoughts, share high-quality posts. So this is all just a misunderstanding.

But what if the cheater thought that since he had knowledge, then why not make money on it by participating in good bounties and campaigns ... at the same time.

After all, 4 accounts are already participating in the bounty, and about 5-6 have applied, but apparently unsuccessfully. I repeat once again, good posting is not a guarantee that someone does not want to cheat the forum system. And in the Russian section there were such. When it was necessary to prove the connection of 4-7 accounts, whose addresses do not overlap. But 4 accounts are much more difficult to prove than 60. Just because the probability that 40-50 people will go to the forum at a certain time interval and then all at once will not appear on Sunday ... also registered on the same dates.

From the 18th to the 25th August. Hours 25, in total.


There is clearly a systematic approach to maintaining these accounts. Blindly deny it by saying that well ... it's just a coincidence, you know ... it's stupid.

I do not exclude the fact that this could be a group of people, perhaps work colleagues or friends. But running this whole armada of accounts isn't all that unrealistic. Accounts do not all enter the network at once. If you look at the posting and sending of the merit, then you will not find the same time. This means that the cheater uses alternate login to the accounts. But nothing prevents him from sitting with a multi-browser, where all accounts will be connected at once and just go through the tabs.

We are talking about a large-scale farm, presumably run by an Asian (most likely Chinese).

Rainbow-queen - Date Registered:   December 30, 2020, 03:44:39 AM

There is a main account, RainbowKun, which earns merits and distributes it to its alts.

Congratulations! !

Congratulations

First of all, congratulations

There are several topics on the forum where newbies can get merit

Also, who wants to add this farm to ignore and put ~

I'm trying to add those members to my ignore list, but every time I click on "ignore member options" the page just keeps loading and comes back with an error on the bitcointalk server--and that's been happening for several days.