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tango alpha delta posted:This is why I use a virtual burner phone for all my SMS poo poo. LOL, I don't even have a phone -- Posted from my iPhone
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Oct 25, 2019 05:45
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poverty goat posted:a smartphone is like the internet itself, you really shouldn't ever put anything on it that would produce a doomsday scenario if shared with your parents, the police, or a hacker from belarus This has exactly nothing to do with anything being on a smart phone. It could happen with a StarTac, and the attackers never got access to his device in any way as far as I can tell from the stories. (Nor would they need to for the described attack to work perfectly.)
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Oct 25, 2019 14:40
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tango alpha delta posted:This is why I use a virtual burner phone for all my SMS poo poo. how does that help? your phone, virtual or otherwise, isn’t involved in any way with SIM swapping attacks
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Oct 25, 2019 14:41
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Anonymous Zebra posted:Yeah, crypto has very little to do with this. Basically anyone that does any kind of online banking or investment can get SIM swapped and robbed. Especially when it's being done by the store employees themselves. They aren't unprepared. They have had plenty of experience with customers getting their accounts hijacked. They just don't give a poo poo.
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Oct 25, 2019 14:45
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Shifty Pony posted:They aren't unprepared. They have had plenty of experience with customers getting their accounts hijacked. Yep, they pay less in lawsuits and other costs to deal with the aftermath than it would cost them to prevent it, so nothing will change unless that math does.
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Oct 25, 2019 14:57
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Subjunctive posted:how does that help? your phone, virtual or otherwise, isn’t involved in any way with SIM swapping attacks As far as I know it's pretty difficult to social engineer any personal information about a burner number.
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Oct 25, 2019 22:56
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tango alpha delta posted:As far as I know it's pretty difficult to social engineer any personal information about a burner number. In the article they didn't need to social engineer a thing. If your burner wasn't on AT&T those employees could've put in a number portability request for your burner's number and the thief would've gotten it with no information about you necessary. If the burner was already on AT&T or one of its MVNOs they already can do a sim swap.
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Oct 25, 2019 23:10
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tango alpha delta posted:As far as I know it's pretty difficult to social engineer any personal information about a burner number. You don't need to socially engineer a drat thing if you already have the number. You just submit porting requests through someone who isn't paying much attention. There are thousands of lovely VoIP providers that will do this for you. We (not my particular team) deal with this ALL. THE. TIME. to the point that the porting team has someone from the fraud team working with them on a daily basis.
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Oct 25, 2019 23:28
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Oct 26, 2019 03:07
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He who climbs upon the highest mountains laughs at all tragedies, real or imaginary
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Oct 26, 2019 03:07
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btc price go up big today
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Oct 26, 2019 03:27
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buglord posted:btc price go up big today
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Oct 26, 2019 04:11
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nnnotime posted:Popped over $10K, now slightly under. Was there a Tether leak? https://finance.yahoo.com/video/china-xi-urges-blockchain-adoption-175319563.html Xi Jinping said something good about btc.
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Oct 26, 2019 04:50
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https://twitter.com/Snowden/status/1187892280906137602
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Oct 26, 2019 05:17
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Subjunctive posted:how does that help? your phone, virtual or otherwise, isn’t involved in any way with SIM swapping attacks They can't steal the number if they don't know which one to steal.
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Oct 26, 2019 05:35
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buglord posted:https://finance.yahoo.com/video/china-xi-urges-blockchain-adoption-175319563.html Pooh said good things about blockchain it seems, not bitcoin
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Oct 26, 2019 05:43
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shame on an IGA posted:They can't steal the number if they don't know which one to steal. Do you use a different number for every website, or do you tell every shady bitcoin exchange operator exactly what phone number they need to hijack in order to loot your stuff from every other exchange?
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Oct 26, 2019 10:01
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Tether?
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Oct 26, 2019 13:16
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Nah, more the new business model of exchanges: liquidate leveraged positions. Tether is probably involved as with everything bitcoin these days, but not like 2 years ago where it was printed to pump the prices; now it’s just fluctuating the prices to squeeze margins so they don’t print it willy-nilly anymore.
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Oct 26, 2019 18:06
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From the amber thread:The Little Death posted:It is all about BitMEX
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Oct 26, 2019 18:20
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I understand when the Treasury Department or Federal Reserve or whatever creates money out of thin air to inject into the US economy as a means of controlling inflation or interest rates... those are US Dollars that have an actual effect on the real world and can be used to buy poo poo. What exactly is Tether printing? Like will anyone actually redeem tether bucks? Do they have any function or effect in the real world outside of this closed loop Bitcoin system that seems to only exist only in a handful of large exchanges. Can I buy drugs or hire hitmen with tether bucks?
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Oct 26, 2019 18:43
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lynch_69 posted:I understand when the Treasury Department or Federal Reserve or whatever creates money out of thin air to inject into the US economy as a means of controlling inflation or interest rates... those are US Dollars that have an actual effect on the real world and can be used to buy poo poo. There’s info in the op, but the short of it is that they’re fake dollars that everybody pretends are real because otherwise the entire ecosystem will crash. They were created because bitfinex ran out of money and decided to make their own and everybody just sort of went with it. You can’t redeem them, but often sell them to somebody else until the music stops playing. The music has been fading and will stop playing any minute for the past two and a half years. If you think that sounds dumb, I don’t know what you are doing in this thread.
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Oct 26, 2019 18:56
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klafbang posted:There’s info in the op, but the short of it is that they’re fake dollars that everybody pretends are real because otherwise the entire ecosystem will crash. They were created because bitfinex ran out of money and decided to make their own and everybody just sort of went with it. You can’t redeem them, but often sell them to somebody else until the music stops playing. The music has been fading and will stop playing any minute for the past two and a half years. If you think that sounds dumb, I don’t know what you are doing in this thread. "No way, it can't be that stupid" is a pretty common response to all things bitcoin-related
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Oct 26, 2019 18:58
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Tether is kind of a forex gift card. To the exchange traders it gives liquidity to play the different bitcoin markets that deal in tether with a minimum of transactions that trigger securities accounting requirements like cashing out of one exchange in a currency to dump into another exchange. At least that's the front, its literally for market makers to trade on infinite margin for squeezing positions in their favor.
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Oct 26, 2019 18:59
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zedprime posted:Tether is kind of a forex gift card. To the exchange traders it gives liquidity to play the different bitcoin markets that deal in tether with a minimum of transactions that trigger securities accounting requirements like cashing out of one exchange in a currency to dump into another exchange. So Tether is exactly the same as the Federal banks, except there isn't the governments to back it up?
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Oct 26, 2019 20:48
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roarpower posted:So Tether is exactly the same as the Federal banks, except there isn't the governments to back it up? That’s like saying that sex is exactly like rape except for consent.
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Oct 26, 2019 20:51
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I got a real question? Why would anyone take Facebook money? It doesn't make any sense. We already have a digital economy. I only have cash because of the off chance that the place I am visiting is still in the 1990's and won't take a card
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Oct 26, 2019 20:52
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klafbang posted:That’s like saying that sex is exactly like rape except for consent. what? explain this!
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Oct 26, 2019 20:53
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roarpower posted:what? explain this! Technically you’re right, but that little detail makes all the difference.
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Oct 26, 2019 20:54
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roarpower posted:I got a real question? Why would anyone take Facebook money? It doesn't make any sense. We already have a digital economy. I only have cash because of the off chance that the place I am visiting is still in the 1990's and won't take a card They're trying to sell this as a thing for the "unbanked" who don't have access to the digital economy. The part that isn't clear is how setting this up, which will absolutely have to have AML/KYC practices in place, would solve any of those people's problems (hint: it won't, they're just hoping to disrupt banking regulations, and it's not going to work).
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Oct 26, 2019 20:55
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klafbang posted:Technically you’re right, but that little detail makes all the difference. no. I want an explanation. How is this like rape? (USER WAS PUT ON PROBATION FOR THIS POST)
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Oct 26, 2019 20:55
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roarpower posted:no. I want an explanation. How is this like rape? lol
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Oct 26, 2019 20:56
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Motronic posted:They're trying to sell this as a thing for the "unbanked" who don't have access to the digital economy. The part that isn't clear is how setting this up, which will absolutely have to have AML/KYC practices in place, would solve any of those people's problems (hint: it won't, they're just hoping to disrupt banking regulations, and it's not going to work). so they are trying to rip off poor people. Got it
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Oct 26, 2019 20:57
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roarpower posted:no. I want an explanation. How is this like rape? ...that was the explanation. The comparison is technically correct, but that little detail makes a huge difference.
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Oct 26, 2019 21:04
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roarpower posted:I got a real question? Why would anyone take Facebook money? It doesn't make any sense. We already have a digital economy. I only have cash because of the off chance that the place I am visiting is still in the 1990's and won't take a card Because it would be very convenient to use on Facebook and Facebook is giant. There would be no difference if Facebook made it super easy to transfer money between people on Facebook. WeChat made transfers super easy in China and Facebook wants that for the western world, but they won’t use CCs for two reasons: they would have to pay the CC companies for making transfers and Mark (the one that repeatedly does wrong) really wants to own every part of your life. For the businesses the reason would be everybody has Markycoins, so you don’t want to miss business. Facebook could probably also make costs lower to get into the market. You cannot meaningfully operate in China without taking WeChat and I believe it is similar in Africa with phone calling cards. Facebook can also make it easier to use using their own money: everybody with a FB account gets a Zuckbuck account and one free Zuckbuck. Compare that with having to find and then enter your CC (and good luck if you don’t have one and need to link a bank account or grow older). There’s absolutely no reason to use a blockchain except hype, and all points to them not doing that (except for vague promises about the future).
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Oct 26, 2019 21:05
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senrath posted:...that was the explanation. The comparison is technically correct, but that little detail makes a huge difference. so putting your money in a FDIC insured back is rape. I am missing something
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Oct 26, 2019 21:11
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you guys thought I was for blockchain? I definitely misrepresented myself. Remember that time that Dread Pirate Roberts got distracted, and destroyed his bitcoin company
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Oct 26, 2019 21:15
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I get transferring FaceBucks between two people on Facebook would be easy, but how are you supposed to use a FaceBucks off Facebook? Am I supposed to transfer to Burger King business page if I want to buy a burger or to the manager of the franchise?
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Oct 26, 2019 21:18
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klafbang posted:Because it would be very convenient to use on Facebook and Facebook is giant. It is a terrible idea to give facebook access to your money. Find a credit union. If you can't do that just keep under your bed
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Oct 26, 2019 21:23
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roarpower posted:so putting your money in a FDIC insured back is rape. I am missing something You made a terrible analogy, and your error was pointed out to you by using another terrible analogy. That's all.
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Oct 26, 2019 21:24
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