There is something I obviously don’t understand about the blockchain than is the basis of all this crypto business: all transactions, I thought, are recorded forever in the chain. I was told that is what the chain does. That is the definition of the blockchain, that is what it is for. So, first: how can money disappear in a blockchain? How can a heist work? And second: where is the anonymity in that?
But don’t worry: the money is not gone. Really not, honest! It’s just that someone else has it now.
And most probably the money went from one group of assholes to another group of assholes who were a bit more clever…
I don’t think this is the first time a bitcoin exchange has been hacked. Why do people trust them?
Sounds like good news! Survival of the…
Oh, wait…
It hasn’t entirely disappeared - they can see all the wallets it initially moved to, and were able to freeze some of them, and may be able to retrieve that money. Some cryptocurrency however is made to be more anonymous, I think Ethereum is one, and that currency is just going to be moved from wallet to wallet and I think is gone for good.
I’m not expert though. The whole thing is criminal and stupid (cryptocurrency I mean).
Weird AI-generated double-hands, but otherwise very heartwarming!
That’s just a little guy down there in the middle of doing some pull-ups.
There is at least some indication that Binance solicited US investors for their unregistered foreign platform to transact in securities whose offerings were not registered in the US. There will be plenty of US people who stand to lose if Binance goes bust (though I don’t know what their reserves are and whether they can swallow this loss). Some of the US investors will never be known because they are tax cheats, frauds, and pedophiles who are purposefully evading the US financial system and won’t be able to stand up in court to claim their losses.
So there is a silver lining.
(Looks at the thread title)
Gosh.
Has anyone seen the anti-Trump troll who was caught live on Fux Noize? SFW.
ETA: Link didn’t work. I’ll try this one.
Link not working
I edited my post. This link should work; the old one was a short reel. The trolling is at the start of the video.
Funny…where have I seen that before…
Yes, that was noted in post #5091 by @Smapti
Great AI image!
I figured someone had beaten me to that video; I didn’t search well enough, I guess.
You misspelled “JohnT” and “5088”. 
Also keep in mind that it’s often useless to give post numbers, as your #5088 might not be my #5088. Ignored posters will screw up the numbering. That is a bad way to reference a post.
Oh my goodness this on the spot interview with the guy who showed up on noted pedophile-protecting Fox News.
I talked to Tom, the viral ‘Jonestown’ Trump rally guy
And then the gentleman [at the front door] who tried to weed me out on the way in the door by asking me some questions—I talked him out of keeping me out of the event just by talking in circles about heavy metal and about my shirt—well, that guy was walking in as I was walking out after I was ejected, and I said, “Hey man, you didn’t vet me too well,” and I kept walking. So they may not have him do their security in the future.
KABAS: What was he asking you?
HOYLE: He said, well, are you a Trump supporter? I said, I’m a supporter of the Constitution. I love this country. Where are you going with this line of questioning? Who are you? He didn’t have a uniform. He was a private security guy, just a meathead. He goes, well, my job was to vet people with these things. I said, what about Death [the band]? What do you know about death metal? And that’s when I just talked him in circles, and he said, oh, I don’t really know about that group. And I gave him my schpiel on the roots of Florida death metal. I told him that Chuck Schuldiner, God rest his soul, was a god in the heavy metal world.
Bit off. You can see “where” a bitcoin goes on the blockchain. But that’s just a number. You can’t tell who that corresponds to. The person who “owns” it has a cryptographic key that can unlock it so the bitcoin (or ether or whichever blockchain you are using) can be transferred, i.e. used. That’s true for all blockchain coins, it’s not just Bitcoin but also Ether and Doge and whatever.
If you keep your keys to yourself, you have some reasonable hope you can’t be tracked down. But if you want to make transactions more easily, there’s where wallets come in. There are different types of wallets, and ultimately the more convenient they are, the less secure they are, because you are storing copies of your keys there, trading convenience for security. So if those wallets are designed with security holes or if the service that holds the wallets is itself seized, your access to “your” bitcoins (or ether or doge or whatever) can at least be frozen and possibly even taken away entirely. It also opens up the possibility you can be personally identified. And indeed, some wallets were basically themselves scams and people lost their coins.
Bitcoin itself was built on some questionable philosophical beliefs about the role of government and central banking and the question was always “what purpose does this serve that regular cryptographically secure banking services in dollars/euros/etc not serve?”
True believers had pat answers that were unconvincing and it turns out they are themselves mostly grifters, conspiracy theorists and the sort to be easily taken in by people like Trump, i.e. there does not seem to be a function it serves better than conventional currency other than crime.