Max Keiser Advises People To HODL Bitcoin Now (And Wait ...

Max Keiser: "USD is trending lower today, about to break key support. Bitcoin - Gold - Silver Will all make new ATH in the near term."

submitted by WaggishNickel to CryptoCurrency [link] [comments]

Max Keiser: "USD is trending lower today, about to break key support. Bitcoin - Gold - Silver Will all make new ATH in the near term." (x-post from /r/cryptocurrency)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Max Keiser predicts Bitcoin, Gold, Silver to make all-time high soon

According to Max Keiser’s tweet on Monday, said that Buffet move into Japan alongside his Gold investment confirms he is getting out of USD.
He said further USD is trending lower today, about to break key support. Bitcoin – Gold – Silver Will all make new ATH in the near term…
Max Keiser referred to Buffett’s move into Japanese assets, taking a 5percent stake in America’s biggest trading houses in a move which totals $6 billion.
In a report by Reuters, Keiser was quoted to have said “The five major trading companies have many joint ventures throughout the world and are likely to have more. I hope that in the future there may be opportunities of mutual benefit.
This was after the Federal Reserve confirmed that it would let inflation rise above its 2 percent target as a temporary measure, something which has been a heavy burden on the US dollar.
After volatility, the USD currency index (DXY) began plumbing new depths on Monday, bouncing off its lowest levels in two years. Late in July, when those levels first appeared, Bitcoin saw a price jump to $12,500.
submitted by cryptoanalyticatech to Bitcoin [link] [comments]

Max Keiser with Lina Seiche on Bitcoin (BTC) Halving and Cryptos Black Thursday: A Few Bought ... (current BTC/USD price is $6,841.34)

Latest Bitcoin News:
Max Keiser with Lina Seiche on Bitcoin (BTC) Halving and Cryptos Black Thursday: A Few Bought ...
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
submitted by coinsaladcom to CoinSalad [link] [comments]

Dash In 2018: Disappointments, Boondoggles, Scandals, Disasters, & Catastrophes

[The original post was censored in the the paidshill Dash pumping sub Dashpay, where actual discussion beyond "2018 kind of sucked for Dash" is not allowed.] ​
Disappointments
In 2018, Dash failed to be listed on Coinbase while ETC and many other coins were, due to Dash's notorious Instamine, centralized development, and murky Howey Test/SEC Action status.
In 2018, Dash failed be included in the OpenBazaar project, while Monero and several other alts were added.
In 2018, efforts to hype Dash's supposedly impressive 2mb block-based tx/sec rate were crushed and humiliated when DCG's creaky old client hit a crippling software limitation around the same time as BCH and BSV were chewing through 32 and 64 megabyte blocks.
In 2018, Dash's former anti-segwit hero Craig Wright learned new facts about law and concluded Dash is an illegal security, saying so loudly in tweets backed by citations.
In 2018, Wirex and other debit card providers supported Bitcoin and many alts, but not Dash, despite a year of Shrem 2.0 shill talk about integrations 'soon'.
In 2018, Dash Core used Uphold for the "Acquire Dash" part of their Kript mobile plan, but Uphold doesn't work in Venezuela , so that pillar of their strategy was broken.

Boondoggles
In 2018, the FanDuel fiasco wasted a fortune in cash and goodwill, leaving Dash's target market of online gambling to Calvin Ayre's BSV and Roger Ver's BCH blockchains.
In 2018, the DACH Embassy fiasco wasted a fortune in cash and goodwill, as nobody ever really cared about Macrocuck/Simon/Basilpop/Ezra/Fabio running around desperately trying to look busy enough to justify their ridiculous burn rate and poor results.
In 2018, the CoPay fiasco wasted a fortune in cash and goodwill as users and devs suffered an ambush from DCG, leaving the formerly hyped "backbone of Evolution" project instantly retired to abandonware status.
In 2018, the Alt36 train-wreck-in-progress slowly lurched towards its imminent conclusion of causing more toxic FUD and wasting a fortune in cash and goodwill with zero deliverables to show for it.

Scandals
In 2018, fake "Venezuela adoption" news resulted in massive public humiliation as Twitter, cc, and Russia Today (ironically, the home of Dash paidshill Max Keiser) debunked hype that only amounted to useless stickers on greasy cash registers.
In 2018, Evan and Amanda were missing in action, despite Evan's previous promises to develop hardware and support the ecosystem with his vast, intentionally insta-mined fortune.
In 2018, Dash paid to hold a Bitcoin networking event at a Miami strip club, offending so many people (it was a 2nd offence for Dash with strippers at TNABC) the scandal was reported worldwide by Bloomberg, Fortue, Business Insider, etc.
In 2018, knowledge of Dash's instamine became widespread throughout the entire crypto universe and the intentional nature of Evan's faked "bug" excuse became a subject of investigation.
In 2018, Dash cargo cultists reduced themselves to shilling the dwindling number of cherry-picked metrics by which Dash was not failing utterly, such as the absurd "FairCoinValue" and fallacious/irrelevant "ATH Masternode Count" hype.
In 2018, the KuvaCash fiasco turned toxic (wasting a fortune in cash and goodwill) resulting in a kDAO splinter group of venture capitalist MNOs and creating massive Howey Test implications.

Disasters
In 2018, a KuvaNation vs. DACH Force News civil war inflicted mass casualties, leaving a permanent split of the "DGBB" community into non-cooperative Team Tao and Team Joel factions fighting over a shrinking Treasury budget like starving rats.
In 2018, malicious MNOs trolled Dash at the protocol level and on DashCentral, causing chaos at the very end of voting cycles, thus showing the entire world Dash is not resistant to Sybil attack after all.
In 2018, Dash Clown Group Inc failed to live up to its own self-imposed "Agile Development" goals so many times they published one sketchy, final "DRAFT" roadmap, and then quietly abandoned entirely the idea of actually trying to meet deadlines (despite the dash.org page still advertising a Q4 2018 Alpha release).

Catastrophes
In 2018, a single mining pool controlled enough hashpower to prevent a timely upgrade, demonstrating that Dash's PoW is not sufficiently decentralized (due to Bitmain's monopoly on Dash ASICs).
In 2018, www.crypto51.app showed the world Dash is >90% NiceHash-able and thus may be 51% attacked easily and cheaply (<1 BTC per hour), causing Poloniex and other exchanges to require 50 confirmations (rather than using InsantSend).
In 2018, the failures of Dash's X11-based PoW security model and resulting threat of attacks caused Dash to abandon Nakamoto Consensus for a wonky, untested, homespun version of checkpoints (conceding defeat and offering an unconditional "pre-consensus" surrender before an attack even happened).
In 2018, Evolution was not here by NYE (not even an alpha version of a testnet).
In 2018, no amount of brave ThisIsFine talk about buying dips could change the fact that Dash Core Group Inc had to radically downsize due to their customary $935k/month funding being completely unsupportable.

Analysis
Never mind the price drop, even though Dash suffered worse than most of its Top 20 peers and fell in rank from #3 all the way down to #16.
Let's ignore the fact Dash is marketed to investors with the 'Masternode' feature advertised as supposedly stabilizing the price.
Let's also ignore the fact that in 2018 Dash's supposed Sybil-resistance was shown to be inadequate, as blockchain analysis revealed dozens of Masternodes trolling at the protocol level by voting no on all but the infamous DEMOTE RYAN TAYLOR proposal.
Evolution was, after years of delays, complete from-scratch reboots, and blown goals, given one final self-imposed deadline to meet.
Dash's Queen, Amanda of the Used Car Lot, declared she was going have to rethink her position regarding Duff's Instamined Masternode tokens if that deadline wasn't met.
That deadline was midnight Dec 31, 2018.
Now it's the first morning of 2019 and Evolution is nowhere to be seen.
Even worse, Dash Clown Inc is once again making negative progress towards their goals of shipping a test-net version of v13 worth of the term "Release Candidate."
Dash Clown Inc burned through ten (10) un-releasable (because broken) so-called Release Candidates.
Finally the clueless clowns (running around like headless chickens since Andy Freer was fired or rage-quit) gave up on the entire v13 RC branch and went back to tinkering with v12.
No updates to the crucial LLMQ repo have been made since November, when the price drop crushed DCG's budget and Andy suddenly left Evolution to die on the operating table.

Dash in 2018 through the eyes of Reddit's most popular crypto sub
January 2018
Congratulations: Dash out of top 10
https://np.reddit.com/CryptoCurrency/comments/7oq515/congratulations_dash_out_of_top_10/
One of the most prolific scam coins has been beaten out of the top 10 once and for all. For this we can all be grateful.
Evidence for all your downvoters:
https://www.youtube.com/watch?v=xBxbiH_Mg44
https://medium.com/@omiros23/evans-and-dash-s-scam-story-add1f16528ae
https://steemit.com/cryptocurrency/@thedashguy/the-reason-i-call-dash-a-scam-and-echo-chamber-proof-of-the-crazed-cult-like-thinking-of-dash-community-inside
Today is a good day.
Best comment: "replaced by Tron... oh the irony".

December 2018
KFC Venezuela denies accepting dash as a form of payment
https://np.reddit.com/CryptoCurrency/comments/a56a4e/kfc_venezuela_denies_accepting_dash_as_a_form_of/
** Hi guys, check this news
https://translate.google.com/translate?hl=es&sl=es&tl=en&u=https%3A%2F%2Fwww.criptonoticias.com%2Fsucesos%2Fkfc-venezuela-desmiente-acepte-dash-como-forma-pago%2F
https://www.forbes.com/sites/rebeccacampbell1/2018/12/07/discussions-in-place-for-dash-to-be-accepted-at-kfc-venezuela/#18baf92c5d38
https://twitter.com/dashmerchant/status/1072327769068052481
Top comment: "Yeah, more bullshit from Dash."

**December 24
Dash doesn't actually look like it is being utilised by Venezuelans. Have a look.
https://np.reddit.com/CryptoCurrency/comments/a96i3y/dash_doesnt_actually_look_like_it_is_being/
https://youtu.be/4tKvqj3U3O0
Most controversial comment: "I dont see how people dont get it. If you cant pay for food, you would invest what little you have into something as risky as crypto ? It is easy to judge from our POV but In reality, most would rather feed their familiy then look for ways to invest in some startup."

Conclusion
The Top Three Dash-related posts at cryptocurrency are a microcosm of Dash's start-to-finish miserable, horrible, terrible year of self-inflicted blunders, money pits, and epoch-ending cataclysms cumulating in the resolution of the Dash experiment and disproving Evan's "Dash is Digital Cash" hypothesis.
Note: The repost is shared here. The original has been censored from Dashpay. https://np.reddit.com/DashUncensored/comments/abvewf/dash_in_2018_disappointments_boondoggles_scandals/
[Dash is such a terrible scam that it needs its own uncensored sub to discuss happenings without incurring the wrath of the MNO and the Dash ponzi leadership/Evan/Amanda. I honestly believe crypto must weed out these ponzi like operations before we can move forward as a collective group]

submitted by tellmesay to CryptoCurrency [link] [comments]

TheMessage Edition 007

1 – Quote of the Week & Utopia Trivia

“Bitcoin is the currency of resistance.”
Utopia Trivia – What was the Genesis Block’s Reward Per Thread?
Look for the answers somewhere in this edition of TheMessage.

2 – A Deeper Look Inside The Rabbit Hole of Utopia – PART IV

In Part III we reviewed the meteoric rise and fall of Napster, followed by the birth of a truly Peer-to-Peer content sharing platform in the form of the BitTorrent protocol. We discussed how revolutionary a technology BitTorrent was and how integral to the Internet it has become. Now in Part IV, we will discuss what happens when the profoundly democratizing and resilient power of Peer-to-Peer technology is brought to bear on money itself.
On October 31st 2008, the Bitcoin white paper is published and on January 3 2009, Bitcoin’s Genesis Block is mined. Previously, the idea of digital money could not be realized in a direct, trustless fashion, because there always existed the problem of multiple spending. A trusted, third party database was always necessary and that handicap held back the potential of digital money for many years. Satoshi Nakamoto proposed an elegant solution; through cryptography, a Peer-to-Peer network could maintain the integrity of the record and allow participants to transfer value between each other without having to trust any third party. The simple but profound act of one human being directly handing another human being something of unique value was now finally enabled online through the internet. The social, economic and political implications of this technological breakthrough are still be felt to this day.
To understand how consequential a breakthrough Bitcoin was, you would need to appreciate how important a role money and its control plays in the lives of human beings. Most people today are born into societies where they have little choice in the matters of money. Decisions made by others many years ago affect their day to day lives in ways most do not understand. Human history is littered with examples of those in privileged positions abusing the power to create and regulate money to the detriment of the masses. Just as the power of communication and content sharing was placed in the hands of the people through Peer-to-Peer technology and the internet, now money itself was placed in the hands of the people through the P2P technology of Bitcoin. To participate in Bitcoin was itself a kind of defiant act against the existing power structures, a form of resistance–“Bitcoin is the currency of resistance.” Max Keiser, a broadcaster, film maker and Bitcoin proponent is quoted as saying.
The modern history of the internet has taught us that with every advancement and empowering step forward for humanity, vested corporate and government interests seek to extend their domain of influence by exerting power and control in lock-step with those advancements and Bitcoin is no exception. The only solution to diminish this negative influence, projected via surveillance and its coercive power, has been the equalizing power of cryptography and the democratizing power of P2P technology. What if advancements in these two fields could be brought to bear on a new kind of internet? An internet where surveillance and censorship were absent? An internet where communication, content and money could all flow in complete security and privacy? That will be the subject of Part V, our final segment in this series of articles; the revolution of Utopia.

3 – Mining Rewards Adjustment on Block #8843

Background
On the day of Utopia’s mainnet launch, November 18th 2019, the mining Reward Per Thread (and so the Genesis Block’s RPT) was set at 0.0128 CRP. It stayed set at a maximum of 0.0128 for approximately 3-4 weeks as the total thread count ballooned to over 30,000 and only marginally declined after 15,000 threads since the Total Reward Generated (TRG) was capped at 192 CRP per 15 minutes Block. It was because of the miner abuse associated with those initial weeks that a major update was released in mid-December mandating a bot be run on a system with a minimum specification of 4 CPUs and 4GB of RAM along with a Public IP. Once that new requirement was put in place, thread count collapsed from over 30,000 to less than 1,000. Within days, the team doubled the mining RPT to 0.0256 CRP in order to better incentivize users to operate bots on enhanced servers and support the network. Unfortunately version 1.0.5499 had serious issues with reward rate for miners and for 7 weeks users endured through inconsistent rewards until the much celebrated major update was finally released on Febraury 4th 2020. Major update version 1.0.5665 and minor update 5672 witnessed the thread count climb consistently from less than 1,000 threads to over 9,000 threads over the next 2 weeks. However, at 7,500 threads, when a number of users, this publisher included, expected to see a similar marginal decline in RPT as before, none was observed. The TRG number was apparently no longer capped at 192 as it previously had been, and the TRG saw its figure climb to as high as 230 CRP (equivalent to over 22,000 CRP per day) before the hammer came down.
Utopia Monetary Policy
At this point, it’s worth reviewing the 1984 Group’s purported monetary policy for Crypton and Utopia. In their own words:
“Multi-faceted and highly-professional approach to liquidity support and stable market rate of Crypton is well-organized with 3 main levers:
All of three adjustable settings listed above are currently controlled by Utopia development team but after implementation of decentralized referendum, self-governance and voting systems the full control of adjustable settings will be transferred to society.”
The Hammer of Block #8843, RPT vs TRG
On Block #8843 the team reduced the RPT from 0.0256 to 0.0096, a contraction of 62.5%, or a factor of 2.67. This happened on February 19th midday UTC time. According to a message sent by the team, “This measure is necessary for optimal total balance of mined Cryptons and for efficient CRP value support in current market conditions.”. Based on the team’s explanation, they did this in order to control the trajectory of total CRP in circulation (“optimal total balance of mined Cryptons”) as well as to provide support to the value of CRP in the market, (“efficient CRP value support in current market conditions”). Why they chose to exercise control at the RPT level rather than the TRG level is the most fascinating question to consider. Capping the TRG has the additional effect of marginally disincentivizing new threads, whereas reducing the RPT doesn’t have that negative marginal effect, it simply makes each thread less productive. While both would have a similar monetary or economic net effect, they provide different incentives to miners. By reducing RPT, miners are incentivized to find more cost-effective servers in the long run, while the addition of new threads continues to be incentivized in a similar fashion. Therefore, we can conclude that the team wants to see the thread count continue to multiply, but did not want to compromise the inflation of CRP to accomplish this. Furthermore, because the reward rate of mining bots is already relatively high, it can be concluded that the RPT is unlikely to ever see an increase again.

4 – Updated CRP Price Structure at TheMarket

With the cost of mining CRP having increased by a factor of 2.67, TheMerchant is updating the price structure at TheMarket in order to better accommodate potential investors with different price sensitivities.
The Normal high-volume selling price will now be $2.50/CRP. This will be the default price around the clock when not in the 14:00 to 22:00 UTC time slot on Saturdays.
The Once-Per-Week high volume selling price will now be $2.00/CRP. This will be every Saturday except the final Saturday of the month, from 14:00 UTC to 22:00 UTC. (February 22, March 7, 14, 21, etc.)
The Once-Per-Month high volume selling price will now be $1.50/CRP. This will be on the final Saturday of the month, from 14:00 UTC to 22:00 UTC. February 29, March 28, April 25 etc.)
The reason for this price structure is that until a low-friction, high-volume exchange is established, there needs to be a reliable and predictable way to meet the needs of potential investors at different price points. Some investors have a long enough investment horizon that buying at $2.50 or $2.00 or $1.50 is not as important as being able to accumulate as much CRP as possible from a trusted source before the supply is exhausted. This investor would be considered more time-sensitive and less price-sensitive and more likely to acquire TheMerchant’s supply before others. Whereas other investors may have a shorter investment horizon and patiently waiting until the end of the week on Saturday, or quite possibly even until the end of the month on the final Saturday is more appealing to them, even at the risk of the supply having been reduced to completely exhausted, because they are more price-sensitive. In all cases, buy orders will be prioritized on a first-come, first-served basis.

5 – Personal Note from The Publisher

Here’s where to find the “Rabbit Hole” that is Utopia for those who may be reading on the surveillance landscape of the clearnet: https://u.is
TheMerchant Public Key: 0093DEFD354D78D4F035CF04A935DD211A9765B8779C68D30A9DA0B3EB06554F
Request contact authorization from TheMerchant to receive uMail versions of TheMessage and to purchase CRP, the future of private P2P commerce.
TheMarket Channel ID: E95109799EC5047783C867F6AF6D4568
Utopia’s leading forum for the exchange of both CRP and uNS records. Zero-Profit Escrow Service is available from TheMerchant to help establish trust.
TheMessage Channel ID: BE91B84B9565C8429D214EBB10753E83
The first weekly publication on all things Utopia. Subscribe to TheMessage and get connected.
TheMegaphone Channel ID: 3277D61A3CF7BAEE951C0C6607532FB8
TheMerchant’s ECHO feed; his personal and uncensored voice, amplified and protected by Utopia. Turn on TheMegaphone!
submitted by Hackology_co to Utopia1984 [link] [comments]

Dash In 2018: Disappointments, Boondoggles, Scandals, Disasters, & Catastrophes

[This post was censored in the the paidshill Dash pumping sub, where actual discussion beyond "2018 kind of sucked for Dash" is not allowed, and then re-posted here.]


Disappointments
In 2018, Dash failed to be listed on Coinbase while ETC and many other coins were, due to Dash's notorious Instamine, centralized development, and murky Howey Test/SEC Action status.
In 2018, Dash failed be included in the OpenBazaar project, while Monero and several other alts were added.
In 2018, efforts to hype Dash's supposedly impressive 2mb block-based tx/sec rate were crushed and humiliated when DCG's creaky old client hit a crippling software limitation around the same time as BCH and BSV were chewing through 32 and 64 megabyte blocks.
In 2018, Dash's former anti-segwit hero Craig Wright learned new facts about law and concluded Dash is an illegal security, saying so loudly in tweets backed by citations.
In 2018, Wirex and other debit card providers supported Bitcoin and many alts, but not Dash, despite a year of Shrem 2.0 shill talk about integrations 'soon'.
In 2018, Dash Core used Uphold for the "Acquire Dash" part of their Kript mobile plan, but Uphold doesn't work in Venezuela , so that pillar of their strategy was broken.

Boondoggles
In 2018, the FanDuel fiasco wasted a fortune in cash and goodwill, leaving Dash's target market of online gambling to Calvin Ayre's BSV and Roger Ver's BCH blockchains.
In 2018, the DACH Embassy fiasco wasted a fortune in cash and goodwill, as nobody ever really cared about Macrocuck/Simon/Basilpop/Ezra/Fabio running around desperately trying to look busy enough to justify their ridiculous burn rate and poor results.
In 2018, the CoPay fiasco wasted a fortune in cash and goodwill as users and devs suffered an ambush from DCG, leaving the formerly hyped "backbone of Evolution" project instantly retired to abandonware status.
In 2018, the Alt36 train-wreck-in-progress slowly lurched towards its imminent conclusion of causing more toxic FUD and wasting a fortune in cash and goodwill with zero deliverables to show for it.

Scandals
In 2018, fake "Venezuela adoption" news resulted in massive public humiliation as Twitter, cc, and Russia Today (ironically, the home of Dash paidshill Max Keiser) debunked hype that only amounted to useless stickers on greasy cash registers.
In 2018, Evan and Amanda were missing in action, despite Evan's previous promises to develop hardware and support the ecosystem with his vast, intentionally insta-mined fortune.
In 2018, Dash paid to hold a Bitcoin networking event at a Miami strip club, offending so many people (it was a 2nd offence for Dash with strippers at TNABC) the scandal was reported worldwide by Bloomberg, Fortue, Business Insider, etc.
In 2018, knowledge of Dash's instamine became widespread throughout the entire crypto universe and the intentional nature of Evan's faked "bug" excuse became a subject of investigation.
In 2018, Dash cargo cultists reduced themselves to shilling the dwindling number of cherry-picked metrics by which Dash was not failing utterly, such as the absurd "FairCoinValue" and fallacious/irrelevant "ATH Masternode Count" hype.
In 2018, the KuvaCash fiasco turned toxic (wasting a fortune in cash and goodwill) resulting in a kDAO splinter group of venture capitalist MNOs and creating massive Howey Test implications.

Disasters
In 2018, a KuvaNation vs. DACH Force News civil war inflicted mass casualties, leaving a permanent split of the "DGBB" community into non-cooperative Team Tao and Team Joel factions fighting over a shrinking Treasury budget like starving rats.
In 2018, malicious MNOs trolled Dash at the protocol level and on DashCentral, causing chaos at the very end of voting cycles, thus showing the entire world Dash is not resistant to Sybil attack after all.
In 2018, Dash Clown Group Inc failed to live up to its own self-imposed "Agile Development" goals so many times they published one sketchy, final "DRAFT" roadmap, and then quietly abandoned entirely the idea of actually trying to meet deadlines (despite the dash.org page still advertising a Q4 2018 Alpha release).

Catastrophes
In 2018, a single mining pool controlled enough hashpower to prevent a timely upgrade, demonstrating that Dash's PoW is not sufficiently decentralized (due to Bitmain's monopoly on Dash ASICs).
In 2018, www.crypto51.app showed the world Dash is >90% NiceHash-able and thus may be 51% attacked easily and cheaply (<1 BTC per hour), causing Poloniex and other exchanges to require 50 confirmations (rather than using InsantSend).
In 2018, the failures of Dash's X11-based PoW security model and resulting threat of attacks caused Dash to abandon Nakamoto Consensus for a wonky, untested, homespun version of checkpoints (conceding defeat and offering an unconditional "pre-consensus" surrender before an attack even happened).
In 2018, Evolution was not here by NYE (not even an alpha version of a testnet).
In 2018, no amount of brave ThisIsFine talk about buying dips could change the fact that Dash Core Group Inc had to radically downsize due to their customary $935k/month funding being completely unsupportable.

Analysis
Never mind the price drop, even though Dash suffered worse than most of its Top 20 peers and fell in rank from #3 all the way down to #16.
Let's ignore the fact Dash is marketed to investors with the 'Masternode' feature advertised as supposedly stabilizing the price.
Let's also ignore the fact that in 2018 Dash's supposed Sybil-resistance was shown to be inadequate, as blockchain analysis revealed dozens of Masternodes trolling at the protocol level by voting no on all but the infamous DEMOTE RYAN TAYLOR proposal.
Evolution was, after years of delays, complete from-scratch reboots, and blown goals, given one final self-imposed deadline to meet.
Dash's Queen, Amanda of the Used Car Lot, declared she was going have to rethink her position regarding Duff's Instamined Masternode tokens if that deadline wasn't met.
That deadline was midnight Dec 31, 2018.
Now it's the first morning of 2019 and Evolution is nowhere to be seen.
Even worse, Dash Clown Inc is once again making negative progress towards their goals of shipping a test-net version of v13 worth of the term "Release Candidate."
Dash Clown Inc burned through ten (10) un-releasable (because broken) so-called Release Candidates.
Finally the clueless clowns (running around like headless chickens since Andy Freer was fired or rage-quit) gave up on the entire v13 RC branch and went back to tinkering with v12.
No updates to the crucial LLMQ repo have been made since November, when the price drop crushed DCG's budget and Andy suddenly left Evolution to die on the operating table.

Dash in 2018 through the eyes of Reddit's most popular crypto sub

January 2018
Congratulations: Dash out of top 10
https://www.reddit.com/CryptoCurrency/comments/7oq515/congratulations_dash_out_of_top_10/
One of the most prolific scam coins has been beaten out of the top 10 once and for all. For this we can all be grateful.
Evidence for all your downvoters:
https://www.youtube.com/watch?v=xBxbiH_Mg44
https://medium.com/@omiros23/evans-and-dash-s-scam-story-add1f16528ae
https://steemit.com/cryptocurrency/@thedashguy/the-reason-i-call-dash-a-scam-and-echo-chamber-proof-of-the-crazed-cult-like-thinking-of-dash-community-inside
Today is a good day.
Best comment: "replaced by Tron... oh the irony".

December 2018
KFC Venezuela denies accepting dash as a form of payment
https://www.reddit.com/CryptoCurrency/comments/a56a4e/kfc_venezuela_denies_accepting_dash_as_a_form_of/
Hi guys, check this news
https://translate.google.com/translate?hl=es&sl=es&tl=en&u=https%3A%2F%2Fwww.criptonoticias.com%2Fsucesos%2Fkfc-venezuela-desmiente-acepte-dash-como-forma-pago%2F
https://www.forbes.com/sites/rebeccacampbell1/2018/12/07/discussions-in-place-for-dash-to-be-accepted-at-kfc-venezuela/#18baf92c5d38
https://twitter.com/dashmerchant/status/1072327769068052481
Top comment: "Yeah, more bullshit from Dash."

December 24
Dash doesn't actually look like it is being utilised by Venezuelans. Have a look.
https://www.reddit.com/CryptoCurrency/comments/a96i3y/dash_doesnt_actually_look_like_it_is_being/
https://youtu.be/4tKvqj3U3O0
Most controversial comment: "I dont see how people dont get it. If you cant pay for food, you would invest what little you have into something as risky as crypto ? It is easy to judge from our POV but In reality, most would rather feed their familiy then look for ways to invest in some startup."

Conclusion
The Top Three Dash-related posts at cryptocurrency are a microcosm of Dash's start-to-finish miserable, horrible, terrible year of self-inflicted blunders, money pits, and epoch-ending cataclysms cumulating in the resolution of the Dash experiment and disproving Evan's "Dash is Digital Cash" hypothesis.
submitted by DashNews to DashUncensored [link] [comments]

Someone Just Moved $1B in Bitcoin for $700 Fee, Overpaying 20 Times

Someone Just Moved $1B in Bitcoin for $700 Fee, Overpaying 20 Times
https://preview.redd.it/r25tywbfyxk31.png?width=1024&format=png&auto=webp&s=9373499e957ce37e1f0f5cc008c0e7bdbfb97a7b
A $1 billion Bitcoin (BTC) transaction has become conspicuous not because of its size but because its sender spent far too much on fees.

Someone could have sent 94K BTC for $35

Social media users were guessing at the origin and destination of the funds on Sept. 6, which involved 94,504 BTC ($1.018 billion).
According to Twitter-based monitoring resource Whale Alert, the transaction did not involve known wallets or those belonging to a specific cryptocurrency-related organization, such as an exchange.
One theory suggested the funds may be tied to institutional trading platform Bakkt, which begins accepting client deposits today.
“Institutions building inventory for their market-making needs going forward,” commented Max Keiser on the giant transaction. He added:
“This = effective ‘put’ on the BTC price at $9,000 (as I’ve been reporting for several yrs now). Ie, institutions are net-buyers of any BTC that shows up at $9k. Risk/reward now for buyers is excellent.”
Its sender, who may have been sending funds to themselves, nonetheless selected a very high fee rate.
At 480 satoshis per byte, the fee totalled around $700.
Bitcoin fees can vary depending on how quickly a sender wishes a transaction to be processed by miners. Many wallets allow manual fee-setting; the more money paid, the fewer blocks a user must wait for a transaction confirmation.
Under current conditions, getting a transaction included in the next block — maximum ten minutes — is just 23 satoshis per byte, meaning the $1 billion sender overpaid 20 times. The funds could have settled in around 10 minutes paying a fee of just $35.

Bitcoin’s low fees era continues

Bitcoin fees have remained low in 2019 despite the cryptocurrency’s rapid rise in price.
As Cointelegraph reported, the situation marks a stark contrast to 2017, when Bitcoin circled all-time highs and fees grew in step. At the time, developers of projects such as the controversial Bitcoin Cash (BCH) aimed to take users away with the promise of lower fees.
The total hash rate of Bitcoin — the amount of computing power involved in the mining process — continues to reach new highs, and is now more than 1000% larger than in September 2017.
submitted by Rajladumor1 to omgfin [link] [comments]

Bitcoin hash rate is close to 100 EH/s

Bitcoin hash rate is close to 100 EH/s

The hashrate of the first cryptocurrency network continues to grow and may soon reach 100 EH/s.
Today, the hash rate of Bitcoin has made a new leap and reached 94 000 770 Th/s (94.7 eh/s). The next round figure, 100 eh / s, is only a short distance away, and if growth continues, it could be reached as early as this month.
Recall that the hashrate reflects the total processing power involved in processing bitcoin transactions. The more power, the more secure the network of the first cryptocurrency.
Bitcoin hashrate decreased significantly in the second half of 2018, at the height of the "bear market" but in January, the hashrate of the first cryptocurrency network returned to its previous values and continued to grow.
"The hashrate of bitcoin is going to exceed 100 EH/s. And this will be a problem for Fiat currencies, because data centers that process Fiat transactions will simply be sucked into the black hole of the real value of bitcoin," wrote cryptocurrency analyst Max Keiser on Twitter.
Along with the growth of hash rate yet growing and the difficulty of mining coins. In June, the difficulty of bitcoin mining which varies in accordance with hashrate network every 2 016 units reached 7 868 124 124 773 (7.87 trillion units). At the next recount, which will happen at the end of this week, it can rise above 11 trillion.
#News #Bitcoin #Mining #Hashrate #Records
submitted by QBEXCHANE to u/QBEXCHANE [link] [comments]

Why XMR is rising in price...

I was getting a lot of questions from colleagues & friends about the sudden spike in Monero's price. So I created this list. Feel free to add in comments, I will update OP.
This overview makes you realize that XMR is still a bargain...
Tech RuffCT (alternative RingCT2.0): https://monerobase.com/wiki/DevMeeting_2017-08-20 Multi-sig in coming release: https://monerobase.com/wiki/DevMeeting_2017-08-20 Hydra-Helium release being tested now: https://www.reddit.com/Monero/comments/6uae51/help_out_with_testing_the_upcoming_helium_hydra/ Kovri progress: https://www.reddit.com/Monero/comments/6u6grc/96boardsorg_openhours_showcase_for_monero_kovri/ mobile wallets (iOS & Android): https://monerobase.com/wiki/DevMeeting_2017-08-20 Nano ledger: https://www.reddit.com/Monero/comments/6thv8j/ledger_hardware_wallet_monero_integration/ Coinomi: https://twitter.com/CoinomiWallet/status/887479515492044800 Hashrate: https://www.coinwarz.com/network-hashrate-charts/monero-network-hashrate-chart Emission schedule is curving sharply this year: http://imgur.com/a/De0G2
Exchanges Bitthumb (Korean exchange) buyUcoin (Indian exchange)
PMedia/Exposure Max Keiser show: https://www.youtube.com/watch?v=jUOq70Wn1q4 Reddit subscribers: http://redditmetrics.com/Monero News articles about hackers laundering in XMR: http://www.newsbtc.com/2017/08/04/wannacry-bitcoin-proceeds-converted-monero-shapeshift-platform/ FBI not able to determine number of coins: https://bitcointalk.org/index.php?topic=2037552.0 Google trends: https://trends.google.com/trends/explore?date=today%205-y&q=monero Models tweeting about XMR (lol): https://www.reddit.com/Monero/comments/6u6zdz/model_kati_zachary_tweets_about_monero_says_its/
submitted by Bassique to xmrtrader [link] [comments]

Dark Net/Decentralized Net, Hypothetical layer 2 solutions for DEX's, phone nodes/MeshNets

There was an incredibly important episode of Max Keiser today, the second half he interviews a Venezuelan entrepreneur who is building encrypted meshnet nodes that can send bitcoin transactions and encrypted messages with 3g and 4g without sms, in places that are heavily censored, offgrid, or out of power, they also said you can repurpose old bitcoin miners into these things as well.
With the direction that governments are going, I think it is increasingly important to seperate the blockchain from the internet backbone itself by using meshnets (and to ultimately make Tor and exchanges a part of it as well)

In any case to the point- G20 summit recently said that they more or less plan to wage a global KYC AML war on cryptocurrency. Many of their proposals undermine the entire privacy and safety of crypto and are antithetical. They are proposing building parallel identity associated traceable refutable, mutable systems and barring countless people out of the economy globally. They could try to break constitutional rights to put backdoors in open source software developers, to persecute miners, node operators, software and wallet releases like Wasabi. And now with FATF, the exchanges will lean towards, they will have a motive to simply ban non compliant or non identity attributed 'smart contract' wallets, a defacto ban on peer 2 peer anonymouty. Countries would attempt to force these wallets onto people and they would essentially have their bitcoin trapped in a statist parrallel bitcoin ecosystem with no way to send money to anonymous wallets, they would attempt to ban and regulate normal wallets and hardware wallets and to ban VPN and Tor, to seize DNS and domain.

IT's very easy to cencor crypto and thus money and economic freedom, because the stupid Decentralized exchanges have seizable servers, addresses, business, name, etc, and the order book and matching engine require a server adn resolver, and have temporary custodianship over crypto assets, happenoff chain, etc.
What is needed is a real time atomic swap over a decentralized DNS/servecomputation like with IFPS/ZeroNet/Namecoin/Blockstack, but there definitely needs to be hostable nodes, proliferated meshnet node phones. I think ethereum 2.0 scaling will be the breakthrough moment for speed/size, etc.
This tendency towards controlled DEX like Binance is just utterly unsustainable and needs to be readily undermined, but it will require the merging of many blockchain systems with meshnet strategies.

I am trying to gain some insight into what people are working on and envisioning for a lot of the coming layer 2 solutions in regard to a broader decentralized ecosystem, notably for DEX and smart contracts.
-How can layer 2 aid and help the concept of something like Ren VM where you have decentralized computing and smart contracts privately interacting with liquidity pools?
-How is layer 2 going to strengthen the feasibility of proliferating full nodes on raspberry pi and phones, and will it help DEX?
I feel like a really big issue like a front and center issue is the reliance of exchanges on a central server for orderbook matching and offchain settlement, margin, colateralization, the data involved. Non custodial wallets aren't enough. The central servers are a vector point for centralization, counter party risk, over reliance upon high capital institutions.
Arguably bitcoin needs something much more decentralized, that could be achieved with layer two solutions that either integrate with or emulate things like namecoin, ethereum smart contracts, and the new Ren VM tools. The biggest issue is of course speed and scalability.
The server function and data of these exchanges should be held inside smart contracts because its more secure, it seems like a virtual machine approach is in fact a better way to go about the challenges of linking liquidity pools and orderbooks.
There's also a project from back in the day called Gridcoin. It was or is used to link up computer processing power for science applications and scientific engine rendering solutions for modeling things. Richard heart is making a project similar for science applications.
I believe this is a much more secure way to approach DAPP's and layer 2 protocols, to get virtual machines that are not located on central servers to help process a lot of the advanced needs of the network, to slowly make the entire exchange and reliance of these failurepoints of bitcoin to be a part of the bitcoin protocol itself, to remove the ecosystem itself away from the clear net and central servers, and to begin to upload it into satellites and proliferated phone nodes.
submitted by samdane7777 to Bitcoin [link] [comments]

/r/CryptoCurrency - Invest Smart - Guide, Resources, Links, and More!

Hello everyone!
Thought I'd make a post of quick startup content and compilation to get you started into smart investing. I hope you all like it! Here it goes:
Google and twitter is your best friend. (To a certain limit)
Google:
Click "News" tab, and search the cryptocurrency you are researching. Go for something reputable like CNBC, Forbes, and so on for better accuracy but also use your wise judgement. For example there are some very good cryptocurrency and blockchain focused websites. The key is to find the few that get news out fast and non-bias. If you not a certain website constantly bashing a specific cryptocurrency that has held a high marketcap for longer than 6 months, clearly there is favoritism going on. Lets continue.
Click "All" tab, and search the keywords in the following format:
I find many people don't know about this but if you scroll the tabs (webs, news and images) to the left; you will see search tools. Sometimes it helps to sort it by dates and play around between one hour and 24 hours.
Twitter:
If you want the news first, many organizations that operate in the crypto field use twitter. Using the same keyword formats above in twtter is very beneficial. Alot more useless info but sometimes it pays off to take the time to go through it. Personally, after searching I like to use the "latest" tab.
Here are some twitter accounts worth following, and would be beneficial to your investment solutions:
I did not post any twitter accounts that might be reputable but have had major negative controversy or viral issues in the past. You might also notice some twitter accounts are missing such as contributors and founders. I have nothing against those accounts. Some are very reputable accounts (that I think are amazing individuals), however the OP requested specific requirements in the post. I cannot guarantee that all the twitter accounts above are not bias, but I did my best to list the least bias twitter accounts. Outside of this post, I do recommend following some founders, contributors, and exchanges! You can easily find them by participating in there community.
Please remember that quality research and due diligence go beyond just twitter. Be patient and spend quality time researching. Less time planning equals less profit or less chances of profiting. It takes one minute to place a buy or sell order. It also takes one minute to lose 99% of your holdings. It should not take you one minute. Patience.
submitted by golden-china to CryptoCurrency [link] [comments]

Useful Idiots: A brief Guide to the conspiratard tradition of anti-Americanism and support for dictators

In honor of all the love for Assad, Putin, Hitler, and Gaddafi in the conspiracy community as of late I figured now would be a good time to compile a brief guide to their dabbles in anti-Americanism and support for oppressive dictators. We get a bizarre two way relationship where the nutjobs happily accept the exposure and the rogue states are happy to wheel out these useful idiots on their fully owned and controlled propaganda stations so that they can tell their people how evil America (and Jews) are. The big question of course being: why do the propaganda centers of oppressive states bring on libertarians and conspiracists? Is it so they can talk about freedom for Iranians and russians and Koreans? No. It's almost exclusively to whine about America (and Jews). Both sides are looking to blame America/The West for .. everything. Enter: false flags, "blowback" foreign policy, and banker conspiracies. While we all can agree America and The West in general have a lot of issues, the difference is most people ("sheeple, if you will), don't run off like little anklebiters to legitimize other monsters in the process. They don't mislead nations of people who may or may not have the same free access to information we do.
While I start with some isolated cases of this on reddit this trend is common all the way up to their thought leaders. It's quite depressing how incomplete this list is but I tried to get some of the better stuff.
The Reddit Bottomfeeders
/conspiracy quotes Gadaffi as being prophetic about the "zionist lobby", upvotes everywhere: http://np.reddit.com/conspiracy/comments/1mhlo8/the_americans_are_good_but_america_will_be_taken/
Flashback: /conspiracy fireball NineteenEightyTwo goes ape when Putin is dissed [edit: comments appear deleted, unfortunately] http://np.reddit.com/conspiratard/comments/1mbbqv/nineteeneightytwo_flips_his_shit_at_the/
/conspiracy expresses support for Assad for banning GMO's and running his own state bank: http://np.reddit.com/conspiracy/comments/1l8s5b/let_me_get_this_straight_the_united_states_is/
Major subreddit /news bans RT, Russian sponsored media and conspiracy outlet, for spamming, vote manipulation. Summary brought to you by SRD: http://np.reddit.com/SubredditDrama/comments/1lf3tx/recap_rnews_bans_rt_for_spamming_reddit_goes_wild/
Various conspiratards create a protest subreddit at /newsrebooted in response to RT's banning. Subreddit already largely dead. Most posts now submitted by someone named vagina_sprout ...
A League of Their Own
Dennis Rodman, named as one of Reason Magazine's "heroes of freedom", later goes to North Korea and becomes a Kim Jong apologist: http://townhall.com/tipsheet/katehicks/2013/03/01/dennis-rodman-to-kim-jong-un-you-have-a-friend-for-life-n1523937
9/11 truther defaces memorial with image of ex-U.S. president holding a remote control: http://www.katc.com/news/lafayette-man-arrested-on-criminal-damage-trespassing-charges/
Higher Level Anklebiters
Matt Drudge, libertarian & Alex Jones fan and owner of link aggregation web site says Putin is leader of free world: http://www.thedailysheeple.com/matt-drudge-putin-is-the-leader-of-the-free-world_092013
Paul Craig Roberts repeats "Putin as leader of free world" with glowing endorsement of NYT Op-ed: http://www.lewrockwell.com/2013/09/paul-craig-roberts/stuck-pigs/
Iranian TV brings on Mark Dankof, contributor to conspiracy oriented "American Free Press": http://www.presstv.idetail/216005.html
Jesse Ventura, famous conspiracist, criticizes gangster government in USA and then flees .... to Mexico: http://www.mediaite.com/online/jesse-ventura-loses-tsa-lawsuit-threatens-to-run-for-president-andor-flee-to-mexico/
Max Keiser (populist, conspiracy theorist, bitcoin shill) hosts programs on both Russia Today and Iranian Press TV: http://en.wikipedia.org/wiki/Max_Keiser
Assad idolized by nutjobs for banning GMO's: http://www.asheepnomore.net/2013/08/syrias-president-assad-bans-gmos-in.html
Iranian PressTV: Tsarnaev's were 9/11 truthers, not terrorists: http://www.presstv.com/detail/2013/08/09/317875/tsarnaevs-911-truthers-not-terrorists/
Tsarnaev brothers had foreign connections, became fans of Infowars, watched anti-American/conspiracy film "Zeitgeist": http://www.salon.com/2013/08/05/tamerlan_tsarnaev_21st_century_conspiracist/
Edward Snowden
Snowden is a Ron Paul supporter: http://www.washingtonpost.com/blogs/post-politics/wp/2013/06/10/edward-snowden-apparently-a-ron-paul-supporte
Snowden flees to libertarian paradise of Russia, becomes pawn of Putin, thanks Russia, says "law is winning": http://www.usatoday.com/story/news/nation/2013/08/01/nsa-edward-snowden-russia-temporary-asylum/2607737/
Totally unrelated: Russian artist seeks asylum in France for painting unflattering works of Putin and Medvedev: http://worldnews.nbcnews.com/_news/2013/08/29/20243996-russian-artist-seeks-asylum-in-france-after-painting-of-putin-in-lingerie?lite
RT: Ron Paul fears U.S. government will kill Snowden with a drone: http://rt.com/usa/drone-snowden-government-paul-592/
RT & Alex Jones
Alex Jones says Al-Qaeda created by CIA on RT: http://www.prisonplanet.com/alex-jones-on-rt-al-qaeda-created-by-cia.html
Alex Jones denies Bin Laden death on RT: http://www.politico.com/blogs/bensmith/0511/Alex_Jones_on_Russia_Today.html
RT: 911 reasons why 9/11 was (probably) an inside job: http://rt.com/usa/911-attack-job/
Conspiratards rejoice as RT once again implies 9/11 was an inside job in 2013: http://911blogger.com/news/2013-09-08/911-and-operation-gladio-russia-today-declares-911-inside-job-false-flag-attack
Alex Jones tweets that Boston Bombing likely an American false flag, turns out the perps were fans of his: https://twitter.com/RealAlexJones/status/323881158628761601
Ron Paul Totally Isn't a Conspiracist or Anti-Semite
Tehran TV loves Ron Paul and conspiracy theorists: http://www.aim.org/special-report/tehran-tv-loves-ron-paul/
Ron Paul refuses to even entertain the possibility Assad used chemical weapons, calls it "false flag": http://www.youtube.com/watch?v=S58wRrd3aeI
Iranian state TV brings on Ron Paul to talk about ... Israel, says Palestine is like a concentration camp: http://www.thegatewaypundit.com/2011/12/flashback-ron-paul-goes-on-iranian-tv-bashes-israel-and-defends-hamas-video/
Ron Paul takes time out of his busy day to remind us that 9/11 was America's fault, Rand forced to distance himself from comments: http://www.politico.com/story/2013/09/ron-paul-september-11-rand-paul-96729.html
submitted by fooser to conspiratard [link] [comments]

Is Bitcoin simply a more complex, more chutzpah-backed, Kopimachin? [Op-Ed]

Peter Sunde of the PirateBay created art called the Kopimachin to demonstrate the ridiculousness of the music industry's assertion that copying is theft by copying 100s of songs a second, calculating the amount the music industry just lost and then deleting the files, leaving behind a running total that only increases.
Is BTC a similar idea to this Kopimachine?
How to compare the two in metaphor? Well one could replace:
Yep there's nothing to worry about. BTC is nothing, nothing at all like the Kopimachin
Just be sure to get out early, and pay Caesar what is caeser's in terms of capital gains or else Sessions and Trump gonna take away your momma out from under your new sofa from asset forfeiture when it's legitimized (lol).
Good luck!
submitted by nothingberg to TruthLeaks [link] [comments]

Subreddit Stats: Bitcoin posts from 2017-10-06 to 2017-10-09 13:56 PDT

Period: 2.72 days
Submissions Comments
Total 576 7118
Rate (per day) 211.45 2305.22
Unique Redditors 466 2267
Combined Score 19815 22018

Top Submitters' Top Submissions

  1. 3212 points, 5 submissions: finalhedge
    1. Bitcoin price surpasses $4,500 for the first time since September 8, 1 month ago. Incredible resilience. China had no impact in mid-term. (2663 points, 194 comments)
    2. Bitcoin Core Dev: "Anyone who wants to contribute is free to participate in the FOSS process...it's a process, not an organization." (210 points, 22 comments)
    3. "Many people don't understand Bitcoin because no one alive has seen a good becoming money in real-time... as is happening to Bitcoin today" (131 points, 40 comments)
    4. Gold has been a bubble for 10,000 years; Bitcoin will be too. (118 points, 17 comments)
    5. The only way to hurt bitcoin is to undermine the economic incentives to using it. Only a global sound monetary system could do that. (90 points, 8 comments)
  2. 1309 points, 15 submissions: readish
    1. Andreas has a very well organized group of playlists on his YT channel. Great resource to learn about Bitcoin. (933 points, 91 comments)
    2. Exposed: How Bankers are trying to centralize and highjack Bitcoin by buying "supporters" and promoters (like OpenBazaar team) for the B2X (S2X/NYA) attack on Bitcoin. (234 points, 82 comments)
    3. Ever wonder how Bitcoin (and other cryptocurrencies) actually work? (53 points, 6 comments)
    4. The balance finally is moving, against S2X. (18 points, 3 comments)
    5. I can't see who is buying by the volumes. Is it Korea or Japan? (16 points, 5 comments)
    6. Max Keiser vs. Peter Schiff - Bitcoin vs. Gold (Max owned Peter). (16 points, 5 comments)
    7. Bitcoin Price Rises to $4,450 Despite Looming SegWit2x Fork (10 points, 10 comments)
    8. BTC trading volumes by currency: China is fading away, down to #6, surpassed by Australia (Ignore Japan since its fake volume, like China was before stopping 0% fees). (9 points, 5 comments)
    9. Increasing number of NYA signers when asked: Do you still support B2X attack on Bitcoin? (7 points, 1 comment)
    10. China volume is picking up, any news coming soon? (5 points, 2 comments)
  3. 687 points, 1 submission: abercrombezie
    1. Train to 5k is departing, don't miss it! (687 points, 134 comments)
  4. 665 points, 3 submissions: logical
    1. Segwit use continues to accelerate. 144 block moving average now at over 9% of transactions even though very few wallets natively support it. (323 points, 74 comments)
    2. I'm thankful to the NYA backers because they are proving that bitcoin cannot be taken over by a group of corporate insiders, even with more than 51% hash power. (277 points, 137 comments)
    3. Average transaction fee under twenty cents. Last full block had total fees of 0.07751683BTC over 1,753 transactions. Or an avg fee of 0.00004421952653 BTC/tx (65 points, 34 comments)
  5. 559 points, 1 submission: lIIlllIIlIIllIlllIIl
    1. Welcoming back $4600 (559 points, 44 comments)
  6. 535 points, 22 submissions: Cryptoknowledge
    1. A former Goldman Sachs VP who founded a crypto hedge fund says betting on bitcoin is like betting on the internet in the 90s (296 points, 51 comments)
    2. Schools Are Officially Accepting Bitcoin for Tuition (128 points, 6 comments)
    3. China may resume cryptocurrency trading by licensing Bitcoin exchanges (22 points, 7 comments)
    4. Indian Self-Drive Car Rental Firm Beats Uber in Bitcoin Adoption (13 points, 0 comments)
    5. Bitcoin Exchanges in Mexico Prepare for new Regulatory Measures (12 points, 0 comments)
    6. Despite Detractors Bitcoin Remains Best Performing Currency (10 points, 0 comments)
    7. Bitcoin Transactions Lead To Arrest of Major Drug Dealer (9 points, 5 comments)
    8. Bitcoin basics: From layman to layman (8 points, 1 comment)
    9. Bitcoin is back above $4,500 for the first time in a month (6 points, 0 comments)
    10. Cryptocurrency This Week: Dubai To Introduce Its Own Cryptocurrency emCash, Bitcoin's 'Cobra Effect' in China, And More (6 points, 0 comments)
  7. 528 points, 1 submission: op-return
    1. Whats happening right now.... (528 points, 152 comments)
  8. 523 points, 2 submissions: chek2fire
    1. Jeff Garzik 5/7/2017: "SegWit upgrades likely to take years" lol (498 points, 178 comments)
    2. The "real" Bitcoin right now... (25 points, 8 comments)
  9. 472 points, 1 submission: osmium666
    1. Please stop. Until it's too late (472 points, 232 comments)
  10. 418 points, 2 submissions: robzonpl
    1. If you plan to support B2X on your exchange, I've made a logo you can use. (315 points, 71 comments)
    2. It's not "legacy chain", it's the "original chain" (103 points, 43 comments)
  11. 414 points, 1 submission: wealeer
    1. Japan's Largest Bitcoin Exchange Bitflyer Launches Bitcoin Visa Prepaid Card (414 points, 64 comments)
  12. 373 points, 2 submissions: chin-kimosabe
    1. 10 NEW BITCOIN ATMS just waiting for shipment and distribution!!!!! #BTCCANNOTBESTOPPED (371 points, 40 comments)
    2. How much btc can you get a month from mining with a raspberry pie? (2 points, 17 comments)
  13. 364 points, 1 submission: duderino88
    1. Buying land in northern Spain ? Bitcoin accepted..! (364 points, 48 comments)
  14. 360 points, 1 submission: flarktaco
    1. Bitcoin (360 points, 64 comments)
  15. 341 points, 1 submission: trueprogrammer
    1. Vanuatu has become the world’s first country to accept Bitcoin for its citizenship program (341 points, 35 comments)
  16. 336 points, 1 submission: pizzatoppings88
    1. When you buy some BTC and it goes up by 1% (336 points, 39 comments)
  17. 325 points, 2 submissions: windsok
    1. TIL bitcoin has 10.35BTC available in an advertising fund (323 points, 112 comments)
    2. George Gilder - "Life After Google" [Great talk from Blockstack Summit 2017] (2 points, 0 comments)
  18. 303 points, 1 submission: karmakami
    1. Spreading awareness every way we can (303 points, 15 comments)
  19. 276 points, 1 submission: BuddhaSpader
    1. Man....something just seems so familiar with this....if only I could figure out what it was.... (276 points, 17 comments)
  20. 254 points, 1 submission: rednazlearsi
    1. Sold my BCH, good riddance! (254 points, 259 comments)
  21. 250 points, 2 submissions: jollyralph
    1. It was my friend’s son’s first birthday so I decided to give him 0.01 BTC as a bit of fun. I printed a certificate with his keys and laminated it, hopefully he’ll hold till he’s 18 :) (240 points, 79 comments)
    2. MRW when I’m a new to Bitcoin and I’m sitting in the middle of yes / no to Segwit2x (10 points, 4 comments)
  22. 231 points, 1 submission: chrismadsen25
    1. Vitalik Buterin says Craig Wright is Not Satoshi. Asks Him to “Stop Being a Fraud” (231 points, 74 comments)
  23. 199 points, 1 submission: paberlance
    1. Someone just disabled my 2FA on Bitstamp and robbed my whole balance 1.842 BTC (199 points, 206 comments)
  24. 190 points, 1 submission: Liesaboutredditgold
    1. As someone who bought bitcoin at 4900 (190 points, 81 comments)
  25. 189 points, 2 submissions: Cryptorich13
    1. Well hello there (185 points, 30 comments)
    2. What is the best way to dump my B2X (4 points, 2 comments)
  26. 184 points, 2 submissions: limopc
    1. Introducing myself, hope I am welcome (183 points, 94 comments)
    2. Forking or Devloping (1 point, 6 comments)
  27. 182 points, 1 submission: cryptotmm
    1. Is Segwit2x the real banker takeover? (182 points, 33 comments)
  28. 182 points, 1 submission: k3t3r
    1. Peter Todd talking about the Segwit 2x hard fork. 2x is Fraud. (182 points, 64 comments)
  29. 177 points, 1 submission: ContentExtremist
    1. John McAfee says Bitcoin and Cryptocurrencies "Frighten" Governments (177 points, 48 comments)
  30. 163 points, 2 submissions: CardCollector1
    1. I designed 6 Bitcoin Posters which I want to sell on my website accepting BTC- Looking for an honest feedback? (154 points, 95 comments)
    2. I designed 6 Bitcoin Posters which I want to sell on my website accepting cryptocurrency - Looking for an honest feedback (9 points, 7 comments)

Top Commenters

  1. smeggletoot (324 points, 47 comments)
  2. Auwardamn (216 points, 40 comments)
  3. readish (207 points, 46 comments)
  4. Frogolocalypse (195 points, 85 comments)
  5. twoface123 (192 points, 62 comments)
  6. logical (190 points, 22 comments)
  7. TheGreatMuffin (173 points, 22 comments)
  8. mr_li_jr (159 points, 13 comments)
  9. maxzillabong (143 points, 34 comments)
  10. Hark- (137 points, 35 comments)
  11. Midbell (136 points, 3 comments)
  12. Ser_NSFW (131 points, 10 comments)
  13. jmmbrito (131 points, 4 comments)
  14. rm-rfmcc (127 points, 31 comments)
  15. luke-jr (127 points, 24 comments)
  16. BakersDozen (126 points, 47 comments)
  17. thekiyote (126 points, 1 comment)
  18. Cryptolution (120 points, 21 comments)
  19. nullc (118 points, 8 comments)
  20. sujdeniaqb (117 points, 10 comments)
  21. whitslack (114 points, 14 comments)
  22. bluethunder1985 (113 points, 24 comments)
  23. ThomasVeil (107 points, 17 comments)
  24. mbrochh (106 points, 29 comments)
  25. d3pd (105 points, 12 comments)
  26. Dwaas_Bjaas (102 points, 21 comments)
  27. minus_one_sock (102 points, 6 comments)
  28. oh_here_we (100 points, 6 comments)
  29. lisa_lionheart (98 points, 26 comments)
  30. bitbat99 (98 points, 24 comments)

Top Submissions

  1. Bitcoin price surpasses $4,500 for the first time since September 8, 1 month ago. Incredible resilience. China had no impact in mid-term. by finalhedge (2663 points, 194 comments)
  2. Andreas has a very well organized group of playlists on his YT channel. Great resource to learn about Bitcoin. by readish (933 points, 91 comments)
  3. Train to 5k is departing, don't miss it! by abercrombezie (687 points, 134 comments)
  4. Welcoming back $4600 by lIIlllIIlIIllIlllIIl (559 points, 44 comments)
  5. Whats happening right now.... by op-return (528 points, 152 comments)
  6. Jeff Garzik 5/7/2017: "SegWit upgrades likely to take years" lol by chek2fire (498 points, 178 comments)
  7. Please stop. Until it's too late by osmium666 (472 points, 232 comments)
  8. Japan's Largest Bitcoin Exchange Bitflyer Launches Bitcoin Visa Prepaid Card by wealeer (414 points, 64 comments)
  9. 10 NEW BITCOIN ATMS just waiting for shipment and distribution!!!!! #BTCCANNOTBESTOPPED by chin-kimosabe (371 points, 40 comments)
  10. Buying land in northern Spain ? Bitcoin accepted..! by duderino88 (364 points, 48 comments)

Top Comments

  1. 139 points: mr_li_jr's comment in Bitcoin price surpasses $4,500 for the first time since September 8, 1 month ago. Incredible resilience. China had no impact in mid-term.
  2. 128 points: jmmbrito's comment in Mastercard CEO says Non-Government Digital Currency is “Junk”
  3. 126 points: thekiyote's comment in Jeff Garzik 5/7/2017: "SegWit upgrades likely to take years" lol
  4. 119 points: Midbell's comment in NSFW - My Smokin' wife is a true believer. NO2X! To the Moon!
  5. 105 points: Ser_NSFW's comment in Please stop. Until it's too late
  6. 96 points: windsok's comment in TIL bitcoin has 10.35BTC available in an advertising fund
  7. 84 points: logical's comment in TIL bitcoin has 10.35BTC available in an advertising fund
  8. 83 points: Auwardamn's comment in Andreas has a very well organized group of playlists on his YT channel. Great resource to learn about Bitcoin.
  9. 82 points: ThomasVeil's comment in A former Goldman Sachs VP who founded a crypto hedge fund says betting on bitcoin is like betting on the internet in the 90s
  10. 82 points: minus_one_sock's comment in Bitcoin price surpasses $4,500 for the first time since September 8, 1 month ago. Incredible resilience. China had no impact in mid-term.
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Potcoin Guide For New Crypto Users. (Beginners)

Beginners information to Cryptsy Currencies. By Jason Davies
To buy any other crypto currency the first thing you need is a set amount of bitcoins to buy other currencies as they are not on official stock markets yet. To get bitcoins visit https://localbitcoins.com/
The cheapest rates will always be the sellers at the top of the list you will need to look at trade limits to see if they accept the amount of £ you want to invest and buy BTC. Always remember bitcoin is currently the heart and soul of buying other currencies you need to have bitcoin to be able to buy any other crypto currency.
Bitcoin is constantly expanding and there has not been an article recently showing any signs of decline. The most recent talks have been bitcoin insurace, Google accepting Bitcoin and Ebay aswell. Since bitcoin has only been on the scene for a few years there is a big stigma behind whether it is safe or not. The answer to this question would be invest what you can afford to lose, keep upto date on the latest news regarding the coins you invest in and always check the current trade prices so you dont get ripped off. Investing in anything comes with its risks it all depends whether you like a gamble and whether you can accept your money being held in another currency.
so whats the big hype about ? Online currencies are different from the usual paper money you use everyday in yourlife. There are a set limit of coins. For example Bitcoin have a limited number of coins which is 21,000,000,000 in circulation. They will never make more and they will never remove the coins. This means the more demand and the more people using it the value per coin rises. In the real world banks print more money instead of letting wealth grow. The banks get away with defacing the currency every day so more and more people are putting there assets into online currencies.
What is mining ? Mining is the community helping the currency stay alive. If you send or recieve coins it needs 3 people to confirm the address. Confirmations occur Anonymously so trading is completly safe. Each time somebody confirms a transaction they get a reward. It is normally 0.00000001BTC reward for every confirmation taking weeks to make a couple of hundred pounds. Mining is only worth doing if you do not pay the electricity bill, you also need to spend thousands on a rig for it to be worth your time as there are now thousands of people mining the rewards become less.
When a coin is launched mining also allows people to mine the coins from the Developers so they are distrubuted fairly to first investors. Once the coins have been mined from developers mining will be confirming transactions only and the price will rocket as the demand will increase. This is why when you see alternate currencies the price per coin is really low, this is miners dumping coins for fast profit then moving onto next coin. It is best to purchase coins as soon as they are launched to maximise profits but you will have to wait a couple of years before finding out if it has made you rich.
What influences the value of a coin? At the launch of a coin prices will often start out at different rates. This is because the people mining are faced with a set amount of coins to mine per block. A block is a specific amount of the coins. As the blocks progress there are less coins to mine. Long term this is an advantage to all coins because the demand gets greater the less coins there are to be mined. When all the coins are mined the price is purely then influenced off demand. Most blocks start off with a large sum of coins to mine but not all. Some coins provide blocks to mine with small amounts of coin, this makes the coin worth more to start out with. I will do a short example below i hope it explains why coins are cheaper to start out with.
Remember once the first block has finished, the next block starts. They are not open to mine all at the same time.
1st block: 1,000,000 coins to mine 2nd block: 800,000 coins to mine 3rd block: 750,000 coins to mine 4th block: 600,000 coins to mine
So as more blocks that get mined the less coins are mined. At the start of a coin the miners dump the coins for cheap allowing you to buy a bulk amount of them before the coins success starts like bitcoin. It took 2 years before bitcoins price rocketed in value. Its always a smart idea to look at the max amount of coins in circulation and the amount of coins per block to fully determine its value. Using the blocks i have provided above imagine 100 people mining at the same computer rate each person at the end of "1st block" would get 10,000 coins., then next block they would receive 8,000 coins and so on.
Potcoin has 420 coins per block to mine so the coins are really hard to get making the value of it higher to start off with. If there were a few thousands coins mined at the end of its block the price would be far lower. If the demand was there.
are transactions really as fast as marketed ? Yes! I will use localbitcoins as en example. If you wanted to sell your bitcoins back you click on sell bitcoins and find a buyer with the best price. You then put in the amount of bitcoins you want to sell and click send trade. A live chat will then apear on the right hand side, you will wait for a confirmation of funds sent, check your bank online and then release your bitcoins. Selling bitcoins is a direct bank transfer so you see the money in your account straightaway.
Why do people trust bitcoin? People trust bitcoin because it is set up how banks were first created. With a set limit of currency any trades up the the value. Since the federal reserve etc was created it allowed banks to print more money effecting the value of paper currencies. To hard working people this stops there wealth growing, if anything it makes there wealth collapse which is why there is a stupid amount of loans and debt in the current world today. Many banks such as HSBC are costantly defacing the currency with scandals like the mexican drug laundering scandal for king pin mexican drug lords.
what did silk road do the price? Silk road was a website that accepted bitcoin payments. Silk road was a website that sold drugs anonymously but was taken down by government due to the illegal transactions. At first the price of bitcoin dipped but a week later the price rocketed. This is because it showed investors Bitcoin Developers are willing to remove any "bad eggs" from there currency which helped protect the coin even more.
Why do so many people use bitcoin? People use bitcoin to avoid tax and to stay away from bank scandals that could potentially have a huge affect on the value of there paper money. For example if you wanted to go abroad you would put all your holiday funds into bitcoin and when you get off the plane on holiday go to the nearest library or place you can access a computer to sell your bitcoins locally. This allows you to transfer currency without paying tax that you would do using the post office. Also huge companys are starting to see the advantage because transfering funds bank to bank come at a really high cost which is normally around 5 - 10% of the transaction. If you was to do a transaction with bitcoin it would cost no more than 37p.
Max keiser a multi million pound investor predicted by the end of 2014 bitcoins price could rise to around £600,000 per coin. So back to the question will it make me a millionaire ? The answer is simple "we are all hoping for this outcome" It comes with risks and a bit of faith. The best chance at becoming a cyrpto millionaire is to keep upto date with the plans each currency has to make it big. Most currencies get involved with the media to attract new buyers each media stunt seems to rise the price and level it out to a new higher price.
Will i have to pay tax on it? Nobody pays tax on Bitcoin because it is P2P person to person transfers avoiding paying tax through banks. A good example could be paying your friend for something in person you avoid paying tax and charges. This is why so many people and business's have started to use online currencies.
Crypto wallets The main bit of information you need to know about your wallet is backing it up and saving it to your computer. This will save the code given to send and recieve coins. Also the first time you download a wallet it will take a long time to fully sync the wallet. Please have patience with the first load, loading after the first sync will be really fast.
Can bitcoin become worthless? Yes the only reason bitcoin has become successful is because it is similar to how the internet works. It is the power of the people keeping it alive. Bitcoin works off demand. Personally i believe it will not get to the stage of becoming worthless due to it being better than any bank in the world as far as charges and the cost to the user. There are also insurance companys in the U.K setting up a system to make it even more secure. A coin called German Mark became worthless because it never made it onto trade sites. Nobody is in the position to say it will never fail because nobody can speak for the whole population and nobody can predict the future technologys.
Who controls bitcoin? Bitcoin is controlled by all the users on the network. There is no set owner who can just log in and change the value or amount of coins in circulation. Once the system goes live that is it its there to stay until nobody uses it. Developers can improve the software but cannot change the amount of coins in circulation, they cannot steal from peoples wallets and they cannot just turn bitcoin off. The best way to look at bitcoin would be to compare it with the internet or emails.
What does satoshi mean? satoshi is a word used to describe a small some of bitcoin. Examples: 2 satoshi = 0.00000002 BTC 20 satoshi = 0.00000020 BTC 200 satoshi = 0.00000200 BTC
So if you wanted to buy X amount of dogecoin somebody will tell you the price in satoshi, this is how much each coin is in bitcoins.
Example: i have 20 doge coin, i want to sell them at 200 satoshi. so the total cost would be: 20dogecoin x 0.00000200btc = 0.00004000bitcoin for the 20 doge coin.
the word satoshi is a term we use like pounds and pence. Its used to describe the micro amount of a coin.
Trade sites:
https://coinbase.com (very trusted) https://vircurex.com/ (very trusted) https://bter.com (very trusted) https://coinex.pw/ (very trusted) https://cryptorush.in/ temp log in:cryptorush password:Dsdhoide84983420 (new to trading scene) http://incryptex.com/ (new to the trading scene)
Keeping an eye on prices. There are many sites you can keep an eye on the current price of your coins. I am an investor in dogecoin, so i will use the website i use as an example to show you. Once you have loaded the website you will see at the top 3 prices for the current coin on seperate websites that hold trades this shows you the current buy and sell rate http://dogemonitor.com/
This site also allows you too look at the top 80 currencies currently on the exchange market. It allows you to keep an eye on the price, market cap, current supply and how well it has done over the past 24hours. This site is like my bible for keeping an eye on multiple prices at once. http://coinmarketcap.com/
I strongly reccomend making a social networking site devoted to liking or following all currencies on the market so you can keep upto date with the latest news that can help influence buying or selling a coin. Keeping upto date on currencies will help you if you want to buy and sell coins daily profiting off current trends in the market. Personally i am a big investor that likes to buy bulk of each coin, i do this because of what happened to bitcoin i have the patience to wait a couple of years like the millionaire investors did with bitcoin. I find daily trading a very bigger risk but that is my personal opinion it also takes up alot more time and can become a full time job.
I decided to make this article on some of the most common asked questions because i am a new investor that has also asked the same questions. It has taken me a couple of hours to write up. I decided to do this because i have spent alot of hours helping friends and family with the information. I thought id put information together regarding some of the big questions nobody seems to get honest answers from. I noticed when i first started alot of the investors that have been at it for some time choose to ignore new investors. I thought it was very rude and i couldnt understand why they dont want to help us new folk trying to put food on the table.
As i looked into it more and more spending a couple of weeks with my head in private channels studying what people are saying i realised they dont educate people because they want to be able to buy and sell coins cheaper to make a bigger turn over. I dont like greedy people i think its whats wrong with the current system we live in greed it has stopped all parts and all areas of life progressing. I believe greed has soaked up wealth into 1% of the population. Luckily i met potcoin!
My goal was to share as much information as i could and i really hope i have helped you with honest information. I understand some investors have children and familys to support so i have tried my best to give the most honest answers, i understand risks to everyone have a huge impact so i am trying my best to help everybody.
Bitcoin wallet address: 1FFD1XuS5oXeNwK9tw9LTcJaeqFvwXsEh5 Potcoin wallet address: PTBvrh4dUXhbEdtHG5SzKdtbCUdH9s7RfY
All the best in the world of cyber currencies. I hope the information i have provided has given you the information i once seeked. Kind Regards Jason Davies
submitted by thekingjayd to potcoin [link] [comments]

[uncensored-r/CryptoCurrency] /r/CryptoCurrency - Invest Smart - Guide, Resources, Links, and More!

The following post by golden-china is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/74qcy2
The original post's content was as follows:
Hello everyone!
Thought I'd make a post of quick startup content and compilation to get you started into smart investing. I hope you all like it! Here it goes:
Google and twitter is your best friend. (To a certain limit)
Google:
Click "News" tab, and search the cryptocurrency you are researching. Go for something reputable like CNBC, Forbes, and so on for better accuracy but also use your wise judgement. For example there are some very good cryptocurrency and blockchain focused websites. The key is to find the few that get news out fast and non-bias. If you not a certain website constantly bashing a specific cryptocurrency that has held a high marketcap for longer than 6 months, clearly there is favoritism going on. Lets continue.
Click "All" tab, and search the keywords in the following format:
  • Research cryptocurrency
  • XYZ integration
  • XYZ hedge funds
  • XYZ released
  • XYZ listed
  • XYZ added
  • Accept XYZ
I find many people don't know about this but if you scroll the tabs (webs, news and images) to the left; you will see search tools. Sometimes it helps to sort it by dates and play around between one hour and 24 hours.
Twitter:
If you want the news first, many organizations that operate in the crypto field use twitter. Using the same keyword formats above in twtter is very beneficial. Alot more useless info but sometimes it pays off to take the time to go through it. Personally, after searching I like to use the "latest" tab.
Here are some twitter accounts worth following, and would be beneficial to your investment solutions:
I did not post any twitter accounts that might be reputable but have had major negative controversy or viral issues in the past. You might also notice some twitter accounts are missing such as contributors and founders. I have nothing against those accounts. Some are very reputable accounts (that I think are amazing individuals), however the OP requested specific requirements in the post. I cannot guarantee that all the twitter accounts above are not bias, but I did my best to list the least bias twitter accounts. Outside of this post, I do recommend following some founders, contributors, and exchanges! You can easily find them by participating in there community.
  • Check the cryptocurrencies official Twitter account and sub-reddits. Also, I can proudly say that this sub-reddit (/CryptoCurrency) is full of information and great people ready to help. Keep in mind when you're using social media's don't just fall for FUD (fear, uncertainty and doubt; in other words complete horse crap). Do some background research if the source is unreliable when using social media as a research tool.
  • Once again news websites that are generic such as Business Insider, Forbes, Fortune, CNBC, and so on. In terms of crypto generic news check out Cointelegraph, CryptoNinjas, CryptoCoinNews, CryptoInsider, and CoinDesk . If you're the type that likes news-feeds, you can try CryptoPress.
  • Follow all the main exchanges twitter accounts. Following them on twitter will keep you notified of any technical difficulties so you can avoid panic. Also they sometimes announce upcoming or newly integrated cryptocurrencies.
  • Cryptonaire is by far the most reliable source for cryptocurrency forecasts. Obviously always do your own due diligence and research; the site itself indicates that. Also if you do not feel confident about a new or low volume cryptocurrency target, be sure to check their verified section to avoid scams. In my experience they have not conducted any research on ICO's because they care about lowering their viewers risks more than anything. For the last year or so they have been working on their full web app launch, so its worth subscribing.
  • BitcoinTalk has a Altcoin Announcements section; it's worth looking for your target on their as well. However if the user is not reputable, than the source is unreliable.
  • CoinMarketCap should be bookmarked! It is a table of all the crypto default ranked by marketcap. If you care more about day to day, volume, and percent change then check out WorldCoinIndex
  • Read the whitepaper and determine which organizations and/or people will use it. Find out the population of the potential consumer. After that, do some reading into the consumer. Are they lenient on blockchains? Are they in need of a pivot that cryptocurrency / blockchain could be the wealthy game changer for the organization?
  • Check out the 'Community Info' section on this sub-reddit. They have a list of links to resources that can help you.
  • If you are the type that invests in ICO's, be sure to check for information about the foundation outside their site. Also find a real address, email, phone number, asset/secerities filing and so on. The more the better.
  • I cannot emphasis this enough, but get yourself a hardware wallet or even a secure computer to store all your assets! That is the only way you actually own your cryptocurrencies!
Please remember that quality research and due diligence go beyond just twitter. Be patient and spend quality time researching. Less time planning equals less profit or less chances of profiting. It takes one minute to place a buy or sell order. It also takes one minute to lose 99% of your holdings. It should not take you one minute. Patience.
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A few thoughts - Saturday, June 7, 2014

Today's thoughts are all about altcoins.

Litecoins are not dead

Several people have started to agree with me recently that litecoins aren't dead yet. But I wasn't quite able to give a concrete answer as to why, until a comment reminded me that litecoins are the most widely traded of all the altcoins. BTC-e, for example, doesn't deal in phoenixcoins and ronpaulcoins. Being widely traded is a significant advantage, even if the coin doesn't itself have any advantages.
I'm not sure why ASICs are relevant to the price of altcoins. ASICs are going to be distributed amongst miners just like they were with bitcoins; this just makes the miners fight a losing battle with each other, costing each other money. As long as one person doesn't get all the ASICs, it doesn't have any effect on network security.
A while back, all the speculation was that litecoins would overtake bitcoins once Mt Gox accepted them for trading. In the interim, however, we have several major exchanges trading them. When an exchange wants to expand into altcoins, they don't look towards the trendiest new thing; the first mainstay they adopt is litecoins.
The other advantage litecoins have is that there is a certain amount of "lock-in" with other coins. I've already commented about the concept of technological "lock-in." In this case, you have exchanges like Cryptsy that denominate some altcoins solely in litecoins. I found out that there is a class of altcoins that can only be traded Bitcoins -> Litecoins -> Altcoin. Even if you don't want litecoins, you still have to buy them if you want to play the game with these "penny stock" coins. That keeps their price high because even if merchants do not accept them, they still have utility and "acceptance" by exchanges.
Also, a quick thought to ponder: a lot of the reason why people buy bitcoins is that bubbles crash, things change, and bitcoins are still around. Have litecoins reached the point where people expect them to die, they don't, and therefore they think there must be something to them?

Max Keiser recommends Darkcoins; I do not

Max Keiser put out a tweet trying to sell darkcoins to his followers, saying he thinks they will recover after their recent bug-fueled crash. Remember that Keiser was also the one who said to buy the essentially 98% premined Quarks too, and that failure alone might be reason enough to ignore whatever he says.
I like the idea that when an altcoin has a lot of hype, it's not time to buy it. Darkcoins may have some benefits, but there is so much hype around them that there is almost certainly a bubble there. Don't confuse that with the idea that darkcoins won't have a niche in the future. However, just like bitcoins, there are times when hype gets out of proportion to the advantages the technology has.

Today's altcoin mining report

Altcoin mining profitability is all over the map today. If I had started testing this pool back during the last cycle, it would have been interesting to see if we could deduce any patterns from this data. As you can see in the charts at:
http://shoemakervillage.org/temp/altcoins2014-06-07.jpg
there are about 20 coins that are constantly switching as the most profitable. This may be partially a result of those new coins that have extremely fast difficulty adjustments. The chart isn't as useful without being able to mouse over the bars, but it gets the general point across just seeing all the colors. People obviously do not value most altcoins for their specific features anymore; most of them are just a game. There is one trend that is not all over the place:
http://shoemakervillage.org/temp/altcoins2014-06-07-2.jpg
The expected payout of scrypt coins is at $1.33/Mh/day now, which is completely opposite the trend of increasing bitcoin prices.

The effects of orphanage

Some altcoins reduce the block confirmation time by making the coin ridiculously easy to mine. There's no advantage to creating an altcoin that has huge numbers of blocks, because then all that happens is that your "confirmed' transaction is more likely to get orphaned. In testing, I was getting 30% orphanage rates on some of these fast coins. Look at what happened last night in the course of a few blocks:
http://shoemakervillage.org/temp/altcoins2014-06-07-3.jpg
However, I'm still trying to figure out whether orphanage actually reduces the pool's revenue or not. The conclusion I'm coming to is that it only cuts miners' revenue from the expected value if your orphan rate is higher than the average orphan rate of the network. If everyone has 30% of blocks rejected, then the blocks are still being created at the same rate and everyone gets the same amount of money. You only lose money if you have more orphans than everyone else does.
Am I missing something here? If not, then orphanage is only an indicator of a bug or of monetary losses if I have orphaned blocks for long networks like bitcoin, where having another pool finding a block within a second or two is very unlikely.

None of the altcoins has the innovation that bitcoin needs

The only true innovation from any altcoin that would pose a threat to bitcoin is if someone came up with a yet-unknown solution to the 1MB transaction limit, that will be permanent for an indefinite period of time, and released a new coin with it.
Some people mistakenly say that people will switch to altcoins to get around the block size limit, but that isn't the case because the most any altcoin has done to resolve it is to make blocks more frequent, which only raises the limit to some hardcoded value. Raising the limit to some hardcoded value isn't "solving" the problem, it's just putting it off into the future. Don't make a mistake and buy altcoins thinking that some altcoin is going to address that limit, because none has.

Altcoin code is a mess

Altcoins are a mess, when you are trying to compile their code. If you haven't done this with many coin daemons, which most probably haven't, then you probably don't know that almost all altcoins are just clones of bitcoin with some minor changes. This is one of the reasons why bitcoins have such an advantage, because you can't be innovative when you just copy stuff from the bitcoin developers.
What some people don't know is that most altcoins aren't even doing that. There are a few altcoins that have changed little in many years, so instead of incorporating fixes that have been included in bitcoin since then, those coins never upgraded to newer block templates and they don't include the latest features. It also means that bugs that were later fixed are still present in those coins. Some coins, like namecoin, are in horrible shape and for many, it's a matter of time before this code aging causes some sort of security issue to be discovered.

Dogecoins are doomed?

Dogecoins are supposedly doomed. The idea is that the block reward is decreasing too rapidly, and the price of dogecoins needs to rise to avoid a 51% attack. I'm not so sure that the developers of dogecoins will just roll over and die, given how large that community is.
More likely is that if the price stays stable and more block reward decreases occur, they will release a fork to stop the reward decline earlier than expected. That will devalue dogecoins significantly. If the hashrate of dogecoins starts to drop, I would get out. I don't think the network is "doomed," but I do think that the only solution to the problem is to devalue coins, and you obviously don't want to be holding when that is announced.

Negative "interest" rates

Apparently, the speculation now is that negative interest rates are going to spread to the rest of the world, and that banks will start charging an account maintenance fee, along with eliminating interest payments. In that case, what is the purpose of using a bank? I won't be keeping a checking account if that happens. Instead, I'll close my account, buy a safe and store cash in it, using banks only to trade stocks. I don't think I spent a single dollar in actual cash for the past year before this, so this is a technological regression.
What kind of world is this where it is a better idea for me to store wads of cash in a safe instead of putting it in a bank, where they actually take money from me?

Other

submitted by quintin3265 to BitcoinThoughts [link] [comments]

Rightwing loonwatch with some epic copypasta

But muh FTTN, but muh climate change is crap, but muh private roads, but muh property rights, but muh IPA, but muh free market, but muh LNP, but muh GOP, but muh taxes, but muh founding fathers, but muh Daily Telegraph, but muh small gubermint, but muh Green Army, but muh Milton Friedman, but muh LDP, but muh invisible hand, but muh silver, but muh gold, but muh god, but muh guns, but muh homophobia, but muh Chris Berg, but muh NAP, but muh Andrew Bolt, but muh Ayn Rand, but muh illuminati, but muh way of life, but muh Ronald Reagan, but muh ABC (Aus) hate, but muh secure borders, but muh Asian drivers, but muh Reason magazine, but muh Austrian economics, but muh Jihadist dole bludgers, but muh Alex Jones, but muh Ron Paul, but muh liberty, but muh Adam Smith, but muh fed reserve, but muh freedom, but muh team Australia, but muh Free To Chose, but muh suppository of all wisdom, but muh John Galt, but muh earn or learn, but muh Koch brothers, but muh constitution, but muh Gillard witch hunt, but muh corporation schools, but muh bitcoin, but muh Atlas Shrugged, but muh abortion-cancer link, but muh mens rights, but muh fiat currency, but muh new world order, but muh Daily Express, but muh 911 truth, but muh commies, but muh Murdoch, but muh U.N. takeover, but muh Washington Times, but muh Tories, but muh white persecution, but muh Agenda 21, but muh John Stossel, but muh Rand Paul, but muh welfare leeches, but muh precious metals, but muh chemtrails, but muh bootstraps, but muh stop the boats, but muh jack booted thugs, but muh Walter Block, but muh Defending The Undefendable, but muh christian persecution, but muh patriotism, but muh Sky News, but muh left-right paradigm, but muh reptiles, but muh Obama birth certificate, but muh Centre for Independent Studies, but muh Augusto Pinochet, but muh Margaret Thatcher, but muh liberal (U.S.) media, but muh mises.org, but muh Gina Rinehart, but muh Fox News, but muh Liberty Australia, but muh eugenics, but muh Herald-Sun, but muh Gadsden flag, but muh right to be a bigot, but muh Jooish conspiracy, but muh Iraq war, but muh fluoride, but muh John Birch Society, but muh Daily Mail, but muh science denial, but muh surplus, but muh Pauline Hanson, but muh ponzi scheme, but muh drug war, but muh Fred Nile, but muh inefficient government, but muh trickle down, but muh Queen, but muh moral fibre, but muh deregulation, but muh East West Link, but muh Thomas Jefferson, but muh Rothschild, but muh Rockefeller, but muh debt emergency, but muh fossil fuels, but muh bikie laws, but muh private insurance, but muh green Nazi's, but muh intelligent design, but muh Breitbart, but muh John Howard, but muh Glenn Beck, but muh sea-steading, but muh light bulbs, but muh Labor's mess, but muh raw milk, but muh We Are Change, but muh Russia Today, but muh crisis actors, but muh classical liberalism, but muh neoliberalism, but muh PPL, but muh death panels, but muh Rush Limbaugh, but muh Jesuits, but muh Bilderberg, but muh Bohemian Grove, but muh reverse racism, but muh private sector, but muh Peter Schiff, but muh Murray Rothbard, but muh Christian Science Monitor, but muh principles, but muh values, but muh false flags, but muh Tea Party, but muh Family First, but muh CATO, but muh FEMA camps, but muh sound money, but muh Bill O'Reilly, but muh Sean Hannity, but muh economic refugees, but muh tough love, but muh Howard's battlers, but muh war on Christmas, but muh Sarah Commie Young, but muh feminazi, but muh Rob Schneider, but muh vaccine autism, but muh free energy, but muh giant owl, but muh Bundy Ranch, but muh water filters, but muh ozzmosis, but muh Michael Savage, but muh vitamins, but muh Georgia guide stones, but muh martial law, but muh iodine, but muh Fort Knox gold, but muh Judge Napolitano, but muh JFK, but muh buy silver crash JP Morgan, but muh Jesse Ventura, but muh North American Union, but muh Royal baby, but muh David Icke, but muh shape shifters, but muh sovereign man, but muh greed, but muh tyranny, but muh tin foil hat, but muh Adam Kokesh, but muh boycotts, but muh Islamophobia, but muh King James bible, but muh dead babies, but muh blue pill red pill, but muh police state, but muh David Leyonhjelm, but muh Gary Johnson, but muh common law, but muh freemasons, but muh esoteric agenda, but muh union busting, but muh impeachment, but muh amendments, but muh sheeple, but muh UFO disclosure, but muh Morpheus memes, but muh Waco cult, but muh right to bear arms, but muh Benghazi, but muh UKIP, but muh ADL, but muh EDL, but muh Nigel Farage, but muh Jeff Kennett, but muh budget balance, but muh Paul Murray, but muh Chris Kenny, but muh mens vitality, but muh open carry, but muh armed march, but muh Ted Nugent, but muh Alan Jones, but muh 2GB, but muh Gerald Celente, but muh A Current Affair, but muh Today Tonight, but muh lower capital gains, but muh Sharia law delusions, but muh Halal protests, but muh commie EU, but muh crack smoking mayor, but muh Aaron Russo, but muh Max Keiser, but muh MK Ultra, but muh
submitted by kruddthemessiah to circlejerkaustralia [link] [comments]

Vertcoin is the philosopher's stone of crypto, and those who are ditching it for pre-mined hype coins will soon be back (albeit with a less favorable conversion rate). ADVERSITY=OPPORTUNITY.

You know what's not productive?
"Pandacoin is gonna eat us up"
"Let's go whale hunting, we have to figure out who this big buyer is"
"When Maxcoin crashes, that's our ticket right there"
"The tip bot is down!!!!!!"
This is all reactive silliness. We need to be proactive. For one thing, identifying a big buyer - what does that do for the community? Oooh, it's Big Vern, oooh maybe it's the Winklevoss twins... what is this, the editorial office at some tabloid?
We should be grateful whales are buying up Vertcoin - perhaps they've done research and feel good about the coin. And whether it's 1 VTC or 20,000 VTC, that buyer is putting money behind their prediction, and is making a serious vote of confidence in our little community.
What might these big buyer "whales" know?
The entire alt coin landscape is ripe for consolidation, right now. Litecoin has surprisingly little outreach and buzz for a coin as old as it is, with a market cap second only to Bitcoin itself. And its community is stagnating - we've picked up about a ninth of their total Reddit subscriber amount, and we're only a month and change old.
The fact that we're an anti-ASIC, multi pool resistant version of Litecoin means we will earn the attention of their investors, miners, and users over time. I've said this before, but it's worth repeating in case you missed it: when consumers are asked if they'd prefer the "ASIC resistant" scrypt coin or the "ASIC vulnerable" scrypt coin, no consumer will want the ASIC vulnerable one. This is like how grocery stores have been getting out of control labeling things "gluten free." The other day I noticed bath soap that was advertised as "gluten free" -- good to know in case VTC's price drops so severely I start eating soap. :)
As silly as it is, however, "gluten free" brings us a feeling of comfort.
And what of the other alts? MaxCoin is tied into the following of Max Keiser, a bombastic television anchor at RT in London - he's been a big believer in crypto since day 1 or day 2, but to base a decentralized currency around any man's name is madness. If he has a heart attack, the coin tanks in value. If he loses his TV show, the coin tanks in value. If he says something repulsive or tweets something stupid while he's drinking with his mates at the pub, the coin tanks in value. I'd sooner buy a BieberCoin than a MaxCoin if such a thing existed. Again, not bashing the man for trying something new, only looking at it as an investor - and cult of personality coins aren't for me.
PandaCoin - everything about it rubs me the wrong way, and when the initial gains have been made by speculators, they will be looking for a safer place to put their money. Vertcoin seems like the perfect place for anyone who wants to believe in a coin for the long term and contribute to making that happen.
Ethereum - so far, I have seen no evidence that Ethereum is a threat to anything. It's not a threat to Bitcoin, and it's not a threat to Vertcoin. So far it has seemed like a very clever Phype game. "Ethereum will do this, Ethereum will do that, oh my!" Let's see some fucking code, then, and not just a dodgy kid putting out YouTube videos about how earth shattering his Ethereum will be... I wouldn't trust that guy with my lunch money. Ideas are a dime a dozen in crypto, execution is key.
Of the alts, Vertcoin is the only one I've seen with such credible developers, the only one I've seen go to 2,296 active subscribers on its subreddit in such a short period of time, get listed on so many major exchanges pretty much right out of the gate, constantly talked about on Twitter, and it's not pre mined so our efforts aren't making some bag holder or "Founder" rich beyond his wildest dreams.
There's a lot of money that will be chasing crypto growth this year, in my opinion. Most big investors and funds will go for the safety of BTC, but those in search of higher growth obviously understand they need to go for a coin that is still in the embryonic stages. For Bitcoin to produce a 10x return for a VC fund or wealthy individual investor, it'd have to rocket up to a $80 billion market cap. That same 10x return in Vertcoin would require a market cap of only $40 million.
Add to the mix not pre-mined, ASIC resistance, and all the organic buzz surrounding Vert -- add all that up and you get a coin that is the ideal speculative play for VCs and investors interested in finding the DHL or UPS to Bitcoin's FedEx. There will be other major players in the crypto space, as per the law of requisite variety. Bitcoin won't be "the only coin" that people use, so the question is which will it be? I don't think it will be Litecoin, for the reasons I gave above. I don't think it will be any of the flash in the pan coins or mere Bitcoin clones.
And for big BTC investors, Vertcoin offers the perfect hedge against eventual mining consolidation and higher fees/lower network security.
And our community is just nicer. I fly Virgin America whenever I can because the staff is noticeably nicer and more responsive to requests - they must actually train their staff that "the customer is always right." Compare this to the indifferent, bitter staff I've encountered on some of the older airlines... no way.
Our community is more proactive and friendly than many of the other coins. We get things done. You can't put a price tag on this attribute, but it leads to faster adoption, less problems as we grow, and more innovation.
The tip bot being down [edit- it's now back up] is the perfect opportunity to practice turning adversity into opportunity. Whenever you want to tip someone, get them to download the client (takes 30 seconds) at vertcoin.org and guide them through creating a new address. Have them publicly post their address so you, and others who come across the thread, can tip.
The more Vertcoin addresses people see on Reddit, as long as it's genuine and not spam, the more curiosity there will be surrounding Vertcoin - and more people will get the client, get some coins, begin tipping.
In fact, every setback this community faces - there will be many - should be converted into positive action, convert that adversity into pure opportunity. Tony Robbins has this thing where instead of telling yourself "why is this happening to me?" ask yourself "why is this happening for me?"
Cheesy, but it absolutely works to keep you proactive rather than reactive. Tipbot's down? Great, that happened FOR us, now we can get others to download the client and we can tip directly to people's addresses - the way decentralized currency is supposed to be! Any tipbot is a risk because it's a huge pot of coins for an attacker to target.
Vertcoin's price is down today? Great, that happened FOR us as well, now anyone here who really believes in this community's future - as I do - can buy more. I see speculators and miners unloading their coins as a natural part of any coin's growth - now the coins are getting into the hands of people who really believe in it, and are planning to spend time promoting, developing, and innovating around Vertcoin.
And there are no bosses in this magical land of Verta. Want to develop a new [feature X] for Vertcoin? Guess what, you've got that job. Go do it. You don't need to seek approval from the HR manager or the CEO or the board.
Want to deal with some spam and clean up the community a bit? Job's all yours.
Want to help draft a press release and send it to members of the media? Congrats, you're now on the publicity team for Vertcoin.
Want to take a couple weeks off from Vertcoin? Feel free to do so, everyone here comes and goes as they please.
submitted by DavidSeamanUS to vertcoin [link] [comments]

[Long gripe] Scam companies brandishing bootstrap webpages.

I don't know if anyone else is noticing this but the amount of scams in bitcoin are absolutely ridiculous. As a friend said to me, its almost as if the only thing bitcoin has actually done is to de-centralise scamming, now everyone can scam.
To highlight, here's a few details of one Ive been following for months through interestingly enough, inside information (on a scam, I know...) thats now come full circle and is on Max Keiser today, Coinsilium.
So a few months ago, my friend in 'the city' tells me these guys are in his office, they're looking for funding for a bitcoin company, (his companies gold mining). Well thats changed even now, they are a Fintec company looking at blockchain angles. Even there terminology keeps up with the times. So part of the business is touring companies that are already hooked into the global financial viens in pursuit of capital.
Everything on their site is extremely vague, I asked my friend to ask him a few questions, and the limits of his knowledge on bitcoin was very low.
Its hard to get this across.. I would stage 5 BTC that this company is a sham. In 3 years, someone will have disappeared with any investments that go into it, possibly up to 3M. How can this keep happening. Literally to be a dishonest player is extremely more profitable that to be honest. There are no re-percussions for companies like this, none. Its too hard for financial crimes units to even understand.
Watch todays Max Keiser (second half) and literally ask yourself what that man is saying. In hard terms... what is it his company does? (Hint: there is no answer).
Im just exasperated at the amount of this shit that goes on. All you need is a bootstap page and a few photos and buzzwords.
And whats more frustrating is that this is where our bailouts and QE go. This is the Traditional financial world really. Hanging around London, shuffling off easy capital from morons that read about bitcoin in the paper. WTF? is this. I just can't even...
Read more at: http://companycheck.co.uk/company/09121346
http://www.coinsilium.com/
https://www.duedil.com/company/09121346/coinsilium-limited/people
EDIT: This goes on and on, they are listed everywhere as 2 years old, theyre less than a year old
http://companycheck.co.uk/company/09121346
http://www.proactiveinvestors.co.uk/companies/news/109035/blockchain-company-coinsilium-to-float-on-aim-next-month
http://www.coindesk.com/blockchain-investment-firm-coinsilium-to-ipo-in-london/
This is a traditional market pump and dump.
And worse - at the bottom of this page. heres vaultoro praising them. For what?
http://cointelegraph.com/news/114904/uks-1st-bitcoin-company-ipo-on-track-amid-supportive-environment
I have money on vaultoro, maybe its a scam too. How can anyone tell anymore?
submitted by isthisnotaproblem to Bitcoin [link] [comments]

Article on 'The Week' magazine about Bitcoin's Volatility. Maxcoin mention included.

Hello friends.
I found the following article today on 'The Week' Magazine about Bitcoin's volatility.
In the article there is also a reference to the "altcoin" market. It mistakenly calls all altcoins "copycats" of Bitcoin, however what called my attention is that when they refered to the "other" cryptocurrencies the ones they mentioned were "Litecoin, Dogecoin, Peercoin, Namecoin, and Maxcoin".
Its the first time I see Maxcoin quoted in a media outlet that its not 'RT' or a Max Keiser related news/media network/interview.
Slowly the media presence will start growing beyond "Keiser's" area of influence and thats a very good thing. Every bit of awareness is key for an eventual wide spread adoption of the coin.
Here the article :: http://theweek.com/article/index/258953/bitcoin-falls-below-500-mdash-and-it-could-go-much-lower
Have a Max day
submitted by lapsaroundthesun to maxcoin [link] [comments]

Max Keiser - Future of Money is Gold, Silver and Bitcoin ... Max Keiser destroys Alex Jones on Bitcoin - YouTube Max Keiser Talks JP Morgan Manipulation, Rise of Bitcoin ... Keiser Today About BITCOIN Gold and Robinhood - YouTube MAX KEISER REAFFRIMS HIS $400K BITCOIN (BTC) PREDICTION ...

Financial Analyst Max Keiser Explains Why Bitcoin Price Will Hit $25,000. Libra Coin News . Tue, 08/27/2019 - 17:22. Alex Dovbnya . Max Keiser remains unequivocally bullish as the global economy is showing signs of looming doom. Cover image via www.facebook.com. Contents. The global economy on the line ; A new Bitcoin bottom ; TV host and financial expert Max Keiser is not tired of reminding ... Max Keiser, who happens to be a part of the earliest investors of cryptocurrency, assured that Bitcoin’s all-time high price at $20,000 wouldn’t be a resistance in this new rally. Max Keiser optimism, preference for BTC. Bitcoin’s price in the last two weeks has continued to surge, rising from $9,200 to $12,000 its highest price in 2020 ... Max Keiser Predicts $400,000 BTC on Alex Jones Show, Jones Compares Bitcoin to ‘Power of Fire’ From the Gods . The moment many conspiracy-minded bitcoin enthusiasts have been waiting for ... Meanwhile, prominent Bitcoin advocate, Max Keiser, has taken to Twitter to talk Bitcoin globally, his earlier $400,000 forecast in particular. ‘Buy some BTC under $10,000 before it goes 40x’ Max Keiser, a trader, investor and TV anchor on ‘Russia Today’, has shared several of his thoughts on Bitcoin and its potential to increase in price and help governments transform local economies. Max Keiser is an RT host who is known as one of the most vocal Bitcoin proponents. He is a harsh critic of the U.S. Federal Reserve as well as the biggest U.S. banks such as JPMorgan Chase (he even started a campaign to crash its stock). Keiser has been promoting Bitcoin on “The Keiser Report,” his long-running show, since 2011. He hosts it together with his wife Stacy Herbert.

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Max Keiser - Future of Money is Gold, Silver and Bitcoin ...

Max Keiser host of RT’s Keiser Report gets candid when he talks about JPMorgan having to pay a record $920 million for the alleged manipulation of global mar... Max Keiser, the host of Keiser Report, discusses Warren Buffet’s latest investment into gold and how it is going to affect the price of Bitcoin. Get your Coi... In this episode of Keiser Report, Max and Stacy look at the sudden re-writing of twenty years of cultural history around the notion of being ‘red pilled’. Th... During volatile market conditions, investors should be looking for assets that represent stores of value, like gold, silver, and bitcoin, this according to M... ️ Leverage OPM (Other People's Money): http://opm.cryptonewsalerts.net Max Keiser, Wall Street veteran and Bitcoin pioneer just tweeted the following regard...

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