Topic: PSA: Get your Bitcoin off any exchange supporting "BSV" (due to insolvency risk) - page 3. (Read 1473 times)

Ya mean like these?
I really hope there is a special spot in Hell for CSW and his cronies...

The question is how long until we see posts like this about BSV:


I can see exchanges keeping it on so long as there is trade volume and they are making money. I have said it before and will say it again, that is what exchanges try to do, make money.  As soon as they see a coin as a real threat to that it is tossed.

Even if it was known to be a scam at the beginning they will still list something if they think they can make money on the trading fees.

But, there is a tipping point, if they think they can be really hurt by it, it's tossed like yesterdays trash. After all, once you list a coin the hard work is done, you just have to sit there and take the fees, shutting it off is just about no work at all.

-Dave

Basically, they repeated over and over that:
(1) You don't need keys; you just prove ownership in front of any court and get the coins.
(2) If a court rules that your coins actually belong to someone else, they will be forcibly transferred by BSV nodes and they actively work on that.

Completely invalidating 'Not your keys, not your Bitcoin' and questioning the whole existence of decentralized blockchains in the first place. Also obviously the completely opposite than what we read in the Bitcoin whitepaper.

Any idea why they are mining empty blocks? Are CSW and Taal going to simply re-org all these blocks away because they don't like them?

On another note, lets hope this is the first of many exchanges to start seeing BSV for the scam that it is:

Sorry for the double post but:


Wright's conspirators and employees will be holding a live-stream to explain Wright's plans to enable centralized coin theft on BSV, BCH, and Bitcoin by introducing a cryptographic backdoor will start and open for your questions at 2PM Eastern today (as in about 2 hours from now!).

https://www.youtube.com/watch?v=VKXOdTgPvfs

So recently 50% of BSV's hashpower comes from something called "mempool.com".  Most explorers have been claiming this hashpower as "unknown" but the blocks are identified.

Take the following with a grain of salt because I don't read Chinese and haven't talked to a Chinese speaker yet.  It is apparently a Chinese mining pool that appears to have recently become BSV only.  According to its webpages it is approved by (or run by??) the Cyberspace Administration of China and claims that it's the only mining pool that can legally operate in china.

https://bitcoinsv.com/bitcoin-association-releases-mining-software-to-freeze-lost-or-stolen-bitcoin/

Here we go. The next step in the complete centralization of BSV.

We know, of course, that this is completely consistent with what Satoshi said in the past: "Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone, until the owner goes through the necessary legal system to force a centralized solution on miners to freeze these lost coins and then later return them to a different address, all without needing a private key or any other cryptographic proof.  After all, if there is one thing I've always loved, it is third parties having complete control over the entire blockchain."  

Can't wait for BSV miners (read: CSW and Ayre) to start freezing coins in various exchange wallets, and to see just how quickly an exchange will delist this trash when they find their assets being frozen against their will. Will be funny to see exchanges being on the receiving end of having their coins locked against their will for a change.

They should have done it to exchanges in order to force them to delist this scam coin.
Send a large amount of BSV to the exchange.
Sell it and withdraw the money.
51% attack and reverse the transaction.
Send a message to the exchange telling them you'd send the money back after they remove it

Yeah.  To say that puts a bit of a downer on festivities would be an understatement, heh.  I've heard of security-through-obscurity, but never security-through-abhorrence.  Messing with SV has definitely fallen into the category of "if you lower yourself to that level, there's no coming back".  Where's the puke emoji when you need it? 

CSW, his immediate family, Calvin Ayre, the people they employ at CoinGeek (although I'm sure there will be at least a few who dump any BSV they receive immediately for bitcoin), scammers, and idiots. Remember that there are people willingly using Bitconnect 2.0 and Terra Luna 2.0. There are no shortages of idiots to whom to sell a shitcoin.

Most stablecoins are centralized and can arbitrary steal/freeze your coins, and yet have volumes of tens of billions of dollars.

Oh, and don't forget that Ayre reported the actual longest chain to the police: https://nitter.it/CalvinAyre/status/1422655123147399172

Okayyy, that's really fucked up. Thanks for the heads-up! This literally changes everything. It even makes me wonder whether it's intentional; seems after all the steps they've taken to disincentivize node operators (mostly financially), it's all pretty calculated.
Even if I don't get into legal trouble and I do have access to powerful enough hardware, I will never provide infrastructure for (and store) such materials.
What started out as a funny little 'blockchain attack' idea, actually turned dark real quick here.

I know; it's CSW's way of financially disincentivizing (obviously altruistic) node operators and making the blockchain more centralized. Personally, access to such hardware would be no problem for me, since I don't need to rent it. But as mentioned above, I now declare this idea as 'discarded'. Maybe we can demonstrate on another, 'centralized' blockchain what the consequences of having few nodes can be. But that's a different topic.

That's amazing! I think I missed that. It's hilarious though, how the 'BSV Association' then tried to replace PoW with 'Proof of Authority' by asking node operators to reject the longest chain. I hope the attackers succeeded and got away with a good amount of BSV which they immediately market-dumped.

However, what I hoped to be able to achieve is not only show such attacks are easy when you have 9 nodes, but also to stop CSW in his endeavors of introducing massive changes into the BSV blockchain, granting him however many coins and such. Not for protecting BSV holders or anything, just to make him a little bit upset.
That would require setting up a bunch of nodes and just leaving them running without updating them with any such code changes.

But again, idea scrapped.

No reason to do the experiment. Someone else caught up with you, and accomplished a 51% attack with 100 blocks deep reorg. Absolutely nothing happened, because there's absolutely no decentralization, no immutability and no integrity behind this clown show in the first place. There was no change even in the price. BSV-ers simply don't care; it's all about what Craig tells them.

Craig's perspective is BSV's consensus mechanism.

You have read system requirement to run BSV node[1], right? To run node which can keep up with latest block, you need 8C/16T CPU, 64GB RAM and 100Mbit internet connection. I don't know how to find cheap VPS, but on Linode[2] it costs $320/month (Linode 64 GB shared CPU) + $200/month (10 TB S3 storage, unless you use prune mode). You might as well as burn your money.


Some time ago, certain weather app store their data on BSV blockchain[3].

[1] https://web.archive.org/web/20221009092610/https://node.bitcoinsv.io/sv-node/system-requirements
[2] https://www.linode.com/pricing/
[3] https://bitcoinist.com/96-of-bitcoin-sv-transactions-come-from-a-weather-app-report/

The other exchanges like Binance are also top one in terms of volume but he's actually concerned about your funds over these exchanges due to scam coin BSV but accepted the same from you as you are already promoting it so you will find others suggestions inappropriate in this matter but you will see once it happens with you and believing in this scam coin and faketoshi.

Who the hell is using BSV in 2022? Pump and dump altcoin traders?
Yes, we already know that BSV is complete garbage and Craig Wright isn't Satoshi, but who the hell would use a centralized shitcoin blockchain that would eventually steal your coins? This doesn't make any sense. Are there any people, who believe that BSV is the real Bitcoin?
I'm glad that I don't use the crypto exchanges in your list. I used HitBTC a few years ago, but my account there is dormant for years.
Yobit being on this list is no surprise to me. The ultimate shitcoin crypto scam exchange.
Any crypto exchange supporting shitcoins trading should be instant red flag for every cryptocurrency trader.
I'm sure that almost all legit crypto exchanges will delist and remove BSV sooner or later. The exchanges that keep BSV and other shitcoins would simply prove that they are crypto scams.

The scammers are good at abusing the law. Technically it is not stealing to redistribute software released under MIT license with a new license as long as you include the original license, which they do.

Ah you should be aware that the BSV chain is reported to contain child porn.  Not just some old non-working onion urls or whatever, but actual full on child porn due to its operators facilitating file upload and encouraging its use to bloat the chain.

In the US possession of child porn is one of the relatively few strict liability crimes-- you don't have to have intended to do it to be guilty.

Kinda ironic how much they blather on about the LAWL and their ability to edit the chain but they don't use that editing power to cure this violation of the law, nor do they even bother (or have the competence to) fix pruning support which they broke. Perhaps it's even intentional in the interest of keeping people from running their nodes.

Now I don't want to fud too much considering that so far no one has yet gotten in trouble for accidentally possessing child porn incidental to running some cryptocurrency software and BSV isn't the first (my understanding is that namecoin has the same issue, and triggers some FBI hash checking search tool)... but you might want to be aware of it.

AFAIK they haven't broken the scrambling support in the code they copied from Bitcoin Core so their block files should be scrambled with some weak encryption that will prevent dumb scanning tools from finding things in them (we added that in bitcoin to prevent idiot anti-virus software from corrupting peoples blockchains when someone inserted some twentysome byte virus pattern in the chain).

I might otherwise suggest using pruning and/or a ramdisk to reduce your exposure, but those aren't options for BSV... Not carrying it on a laptop across a border is a good idea, but that shouldn't be a problem because of the resource requirements.

I am one of those people willing to do this experiment, yes!
Would be a great way to showcase how much importance this number ^{[number of full nodes on Bitcoin network]} has and how it makes Bitcoin so uniquely strong.

Honestly I don't think any of those 9 nodes is owned by someone else than Craig and his friends. But I may be wrong (also about the number).

I know CSW and his bsv trolls in this forum are openly supporting censorship, seizure of funds, and I think they even like the idea of creating CBDC that will work similar like BSV in the end.
It's more like vouchers than a real money, and you can spend them only on such items that government (and CSW) allows you to use them.
I can't wait to see the day when bsv shitcoins will also have expiration dates  

Yeah, but sadly some people are still blindly following them and not looking at all the red flags  
For a long time I was think that best for to deal with CSW is to ignore him, but this is obviously impossible thing to do.

Are you by any chance one of those people?  
It's pure waste of time and resources, but why not create such campaign, when he can spend all that time spreading toxicity and lawsuits worldwide.
I am sure most of people who run BSC nodes are acting like zombies and they will follow anything CSW tells them to do, but not all of them so we could gain few on our side.
Blockchair explorer is showing bsv blockchain has total of 18 nodes, but other more optimistic websites are reporting total of 57 nodes... it's pathetic.

I guess they'll have to update that block height when they fork again to allow faketoshi to steal all those coins.  

It would be hilarious if some SV users (or victims as they should probably be known) managed to grow a conscience and decided to stay on the current SV chain against faketoshi's wishes, resulting in two competing SVs.  The difficulty is low enough that someone might still be tempted to mine that chain and keep it going.



I'm curious about this.  What if you managed to implement a change that still followed the longest persistent chain?  Like a softfork, for example?  I suspect SV is so centralised that it would be fairly easy to force a softfork through.  Imagine how pissed off CraigShitWeasel would be if we upgraded his network to SegWit.   

Obviously it comes with the downside of people having to debase themselves by mining that shitcoin.  I don't know if that stench ever washes off.  But still, imagine the meltdown he'd have.   

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Only for ignorant people, or those without taste or morals.  So naturally you wouldn't understand.  Anyone who is paying attention knows that Bitfinex (and their USDT shitcoin) is loosely equivalent to a cancer.