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78e0a3ac59076033d508e7e02f41f57464a9e99c2417ee9d5619b5fc17c61d2a
Just a normal Bitcoin Enthusiast 🧡✌️

Sachlich, rational und mit gesundem Menschenverstand abonniert l argumentiert 👍

SERVICE UPDATE (Copied from Telegram)

At the moment I'm still trying to scan through a 2 TB disk image I took of the Coinos server to see if I can find remnants of any more recent but deleted backups that were created closer to the time that our database failure occurred.

If I can locate some then I need to piece them together because they may just be partial fragments on the disk and parts of them may have been overwritten. If I can recover some data from them then I'll start using that to get people's balances.

Failing that I will have to see if I can start cross referencing my web server logs. My application server logs would have been a lot more helpful but they were rotated away too unfortunately because they grew too large as the application was spamming a ton of error messages for a few hours while the DB was down.

This morning I hatched a bit of a plan to try and enable partial withdrawals while I continue working on this data recovery. I'd like to allow people to withdraw any funds that they deposited after the incident occurred because I know those are legit. I just need to code that up so that I can maintain a separate balance for pre-incident and post-incident funds.

I can't enable full withdrawals until I do a full accounting of all the activity that occurred in between my last backup and the db failure. Some people will be missing funds that they deposited but others will have extra funds that they withdrew already but are now showing back up in their balance because everyone's balances were rolled back by a day or two.

I still don't have any solid ETA but probably at least another day or two before full withdrawals are back. Hopefully by tonight I'll have partial withdrawals for any funds that were deposited after about 10am PT yesterday.

Appreciate your honesty and hard work 💪 thank you!

Hey nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle, inspired by your thought that money is an abstract form of time and energy, I’ve tried to explain with an example how much life time is really stolen through inflation. The way you explain it is already very clear, but when you back it up with concrete numbers, it’s an extra mind blow.

The true historical inflation over the last 50 years is about 7% for real estate and stocks.

You work and save $100 every month for 35 years, which adds up to $42,000.

By the end, your purchasing power is around $15,000, just a little over 1/3.

Or in other words:

It’s like you only worked 12 years or

worked barely 3 out of 8 hours a day,

with 2/3 of your lifetime stolen.

Even after spending a lot of time thinking about inflation, I could hardly believe the scam is this severe.

I hope with these thoughts, I can give some inspiration back to you and the community 🧡✌️

Same happened to me.

But beside that, I have this simple question. When logging in the first time on a new platform, in my case I was first on amethyst and now I started with primal, it is very strange to enter my private key in a platform which I do not know/trust yet. In my opinion I should never be forced to trust any platform. The private key security is the most important thing of this whole cool nostr thing. There must be a more secure on boarding way than what I had to do, to inspect their GitHub code repository, for the average Joe this is impossible to verify. And in my case I was only able to do it for the web version and not for the Android app. So what are your comments on this nostr:npub16c0nh3dnadzqpm76uctf5hqhe2lny344zsmpm6feee9p5rdxaa9q586nvr or primal devs? Are there any plans for improving this. At least you should mention that issue when people are on the page where they enter there private key. Are there any NIPS for the process of starting with an existing npub/nsec on a new platform?