Binance Trading Platform:- My Amazing Review

Cryptocurrency Australia

Cryptocurrency Australia is the Community for the crypto investors in Australia. Learn How to purchase bitcoin and cryptocurrency in Australia as well as Australian tax rules regarding cryptocurrency. Always do your own research to find best bitcoin exchanges in Australia.
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The official source for CryptoCurrency News, Discussion & Analysis.
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Cryptocurrency in India

Cryptocurrency news and discussion. Bitcoin, Litecoin, Ethereum, Ripple, Monero, Dash,Lightning Network, SegWit, Augur, privacy, ICO, Proof of Work, Proof of Stake, Iconomi, Zcash, mining, hashrate, coinbase, transaction rate, decentralized exchange, bitcoin cash, long term potential, technical analysis, fundamentals, token, volume, oscillator, RSI, trend, sentiment, strategy, coin, altcoin, blockchain, PoW, PoS, transactions ,resistance, support, prices, ether, stable, inflation
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How is your passive income from Crypto going in 2020? So far I have made around $11k plus from approximately 13 or so sources. Details below.

I remember in 2017 there were epic stories of people making fortunes from free crypto-giveaways – for example, the nano faucet gave people fantastic wealth if they held on all year. Then there were things like the various bitcoin forks – great if you cashed in.
Now in 2020 there seems to be another uptrend in terms of the ability to get “free crypto” – in various ways. Overtime this can build up to quite a lot.
This year I have:
  1. Coinbase earn – I’ve done almost all of these and have had a few referrals. I think I earned maybe $200 or so all up, cashed in BTC, and that BTC is probably around $400
  2. Reddit moons – I have earned 3100 moons, sold for roughly $220
  3. Uniswap – My free 400 tokens are still held, so they are worth maybe $1200
  4. Binance Coin – lots of staking and lottery compensation payments here – for example, I recently sold my Flamingo, Venus and Alpha tokens – maybe $30;
  5. Hex – Yes I know it’s a scam, but I think I bit have a decent little payout in a month when my 90% locked tokens open (won’t say how much as that will reveal my BTC wallet holdings);
  6. Swissborg – A fun little “guess the bitcoin app” that has $50 worth of tokens in it now;
  7. Brave Browser – I’ve earned like $20 from that this year (insert: “Its not much but its honest work gif”);
  8. Uniswap Pools etc – Hard to calculate this one but I’m earning some really great fees and Uni from pooling WBTC and WETH – about 0.5% return a week. Was also previously staking Uni / ETH - I made $1000 in fees but mostly gobbled up by impermanent loss.
  9. Honeyswap – Every 48 hours, I log-in to get free honey from the faucet – around $40 or so;
  10. Survey – I did a phone survey for a local project and got given $100 of free tokens;
  11. Livepeer – No idea what this is but I sold two airdrops for around $20;
  12. Nexus Mutual – Probably the king here. Invested $1200 worth. Received a 58% dividend on the first day of staking (say $700) which I reinvested. That $700 is now $8000 or something ridiculous (and itself earning rewards), plus another 13 NXM (So another $416 on top).
  13. And then lots of rats and mice rewards from things like staking Celsius, staking Tezos referral rewards etc. I even have 3000 of that damn Pi coin thing but don’t know where that is going.
  14. And to top it off a free ledger nano for participation in a private group on FB
  15. (EDIT: I forgot to mention I am currently winning a "pick four" crypto competition that I entered in January where you pick four cryptos and the winner takes the pot. I picked BTC, FTX, SNX and CEL - so that might be another $200 to add to my collection!)
So in all, that is an entire bitcoin just for doing a bunch of crazy stuff. Who said it was difficult to join the 21 million club?
So for some people that might be considered a decent pay package for a full time job! What other opportunities do you guys have where you have passive income coming from crypto? Am I missing any obvious ones here?
submitted by Cryptodragonnz to CryptoCurrency [link] [comments]

Weekly update. 437 BTC were traded using LocalBitcoin last week,trading Bs. /BTC and BTC/Bs. (Bolivares, Venezuelan "official" currency, ISO VES). These 437 BTC were 1,852,000,000,000 Bs. One BTC is around 4,600,000,000 Bs. Monthly minimum wage is less 2 USD. PhD uni professor earns 4 USD monthly.

Hi guys, wanted to updated last week numbers.
This is only measured in BTC and LocalBitcoins. There are other exchanges that accept Bolivares like Binance and Airtm but I think they dont have a open API. Paxful stoped working here a few weeks ago.
And remember, two years ago 5 zeroes were deleted from the currency. So the price of the BTC would be 460,000,000,000,000 "old" Bs.
September will closed with around USD 20,000,000 (around 2000 BTC) traded with LocalBitcoin
Here are more stats https://www.usefultulips.org/combined_VES_Page.html
Monthly minimum wage is 800,000 Bs. one USD is around 440,000 Bs. So that is where the 2 USD monthly comes. These 800,000 Bs. already include a cash food bonus.
https://www.caracaschronicles.com/
Moons, tips and work by reddits have helped me so much!
Some people insist that minimum monthly wage is not real, but it is. I have relatives that are public workers and earn that. Some with studies and time working could reach 20 minimum wages according to the tables, that would be anyway under 50 USD monthly.
Private companies, well a little more. A cashier in a supermarket could earn around 50 USD monthly.
The Venezuela College of Engineers, has a table for the recomended wages. The minimum wage they propose for a engineer without any experiencie is 90,000,000 Bs. / monthly, which is around 200 USD. And... good luck finding a place that pays that
http://www.civ.net.ve/uploaded_pictures/70_d.pdf
One professor with PhD, national science award and 21 years teaching earns less than 4 USD monthly. You can see the testimony here https://twitter.com/katika48/status/1304506604147159040?s=19 (I think you have the option to trasnlate the tweet)
The average income of Venezuelan is 0.72 USD daily (2020 numbers), so we are talking around 20 USD monthly, and that is an AVERAGE with all that means.
https://www.caracaschronicles.com/2020/07/08/yes-venezuela-is-now-the-poorest-country-in-the-americas/
Any question let me know, AMA. But check my links and sources first.
Sources:
https://www.npr.org/sections/goatsandsoda/2019/09/06/757822363/a-doctor-or-nurse-might-earn-6-a-month-in-venezuela-if-theyre-lucky
https://coin.dance/volume/localbitcoins/VES/BTC
LBTC listings https://localbitcoins.com/buy-bitcoins-online/ves/
submitted by WorkingLime to Bitcoin [link] [comments]

Ultimate glossary of crypto currency terms, acronyms and abbreviations

I thought it would be really cool to have an ultimate guide for those new to crypto currencies and the terms used. I made this mostly for beginner’s and veterans alike. I’m not sure how much use you will get out of this. Stuff gets lost on Reddit quite easily so I hope this finds its way to you. Included in this list, I have included most of the terms used in crypto-communities. I have compiled this list from a multitude of sources. The list is in alphabetical order and may include some words/terms not exclusive to the crypto world but may be helpful regardless.
2FA
Two factor authentication. I highly advise that you use it.
51% Attack:
A situation where a single malicious individual or group gains control of more than half of a cryptocurrency network’s computing power. Theoretically, it could allow perpetrators to manipulate the system and spend the same coin multiple times, stop other users from completing blocks and make conflicting transactions to a chain that could harm the network.
Address (or Addy):
A unique string of numbers and letters (both upper and lower case) used to send, receive or store cryptocurrency on the network. It is also the public key in a pair of keys needed to sign a digital transaction. Addresses can be shared publicly as a text or in the form of a scannable QR code. They differ between cryptocurrencies. You can’t send Bitcoin to an Ethereum address, for example.
Altcoin (alternative coin): Any digital currency other than Bitcoin. These other currencies are alternatives to Bitcoin regarding features and functionalities (e.g. faster confirmation time, lower price, improved mining algorithm, higher total coin supply). There are hundreds of altcoins, including Ether, Ripple, Litecoin and many many others.
AIRDROP:
An event where the investors/participants are able to receive free tokens or coins into their digital wallet.
AML: Defines Anti-Money Laundering laws**.**
ARBITRAGE:
Getting risk-free profits by trading (simultaneous buying and selling of the cryptocurrency) on two different exchanges which have different prices for the same asset.
Ashdraked:
Being Ashdraked is essentially a more detailed version of being Zhoutonged. It is when you lose all of your invested capital, but you do so specifically by shorting Bitcoin. The expression “Ashdraked” comes from a story of a Romanian cryptocurrency investor who insisted upon shorting BTC, as he had done so successfully in the past. When the price of BTC rose from USD 300 to USD 500, the Romanian investor lost all of his money.
ATH (All Time High):
The highest price ever achieved by a cryptocurrency in its entire history. Alternatively, ATL is all time low
Bearish:
A tendency of prices to fall; a pessimistic expectation that the value of a coin is going to drop.
Bear trap:
A manipulation of a stock or commodity by investors.
Bitcoin:
The very first, and the highest ever valued, mass-market open source and decentralized cryptocurrency and digital payment system that runs on a worldwide peer to peer network. It operates independently of any centralized authorities
Bitconnect:
One of the biggest scams in the crypto world. it was made popular in the meme world by screaming idiot Carlos Matos, who infamously proclaimed," hey hey heeeey” and “what's a what's a what's up wasssssssssuuuuuuuuuuuuup, BitConneeeeeeeeeeeeeeeeeeeeeeeect!”. He is now in the mentally ill meme hall of fame.
Block:
A package of permanently recorded data about transactions occurring every time period (typically about 10 minutes) on the blockchain network. Once a record has been completed and verified, it goes into a blockchain and gives way to the next block. Each block also contains a complex mathematical puzzle with a unique answer, without which new blocks can’t be added to the chain.
Blockchain:
An unchangeable digital record of all transactions ever made in a particular cryptocurrency and shared across thousands of computers worldwide. It has no central authority governing it. Records, or blocks, are chained to each other using a cryptographic signature. They are stored publicly and chronologically, from the genesis block to the latest block, hence the term blockchain. Anyone can have access to the database and yet it remains incredibly difficult to hack.
Bullish:
A tendency of prices to rise; an optimistic expectation that a specific cryptocurrency will do well and its value is going to increase.
BTFD:
Buy the fucking dip. This advise was bestowed upon us by the gods themselves. It is the iron code to crypto enthusiasts.
Bull market:
A market that Cryptos are going up.
Consensus:
An agreement among blockchain participants on the validity of data. Consensus is reached when the majority of nodes on the network verify that the transaction is 100% valid.
Crypto bubble:
The instability of cryptocurrencies in terms of price value
Cryptocurrency:
A type of digital currency, secured by strong computer code (cryptography), that operates independently of any middlemen or central authoritie
Cryptography:
The art of converting sensitive data into a format unreadable for unauthorized users, which when decoded would result in a meaningful statement.
Cryptojacking:
The use of someone else’s device and profiting from its computational power to mine cryptocurrency without their knowledge and consent.
Crypto-Valhalla:
When HODLers(holders) eventually cash out they go to a place called crypto-Valhalla. The strong will be separated from the weak and the strong will then be given lambos.
DAO:
Decentralized Autonomous Organizations. It defines A blockchain technology inspired organization or corporation that exists and operates without human intervention.
Dapp (decentralized application):
An open-source application that runs and stores its data on a blockchain network (instead of a central server) to prevent a single failure point. This software is not controlled by the single body – information comes from people providing other people with data or computing power.
Decentralized:
A system with no fundamental control authority that governs the network. Instead, it is jointly managed by all users to the system.
Desktop wallet:
A wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins.
DILDO:
Long red or green candles. This is a crypto signal that tells you that it is not favorable to trade at the moment. Found on candlestick charts.
Digital Signature:
An encrypted digital code attached to an electronic document to prove that the sender is who they say they are and confirm that a transaction is valid and should be accepted by the network.
Double Spending:
An attack on the blockchain where a malicious user manipulates the network by sending digital money to two different recipients at exactly the same time.
DYOR:
Means do your own research.
Encryption:
Converting data into code to protect it from unauthorized access, so that only the intended recipient(s) can decode it.
Eskrow:
the practice of having a third party act as an intermediary in a transaction. This third party holds the funds on and sends them off when the transaction is completed.
Ethereum:
Ethereum is an open source, public, blockchain-based platform that runs smart contracts and allows you to build dapps on it. Ethereum is fueled by the cryptocurrency Ether.
Exchange:
A platform (centralized or decentralized) for exchanging (trading) different forms of cryptocurrencies. These exchanges allow you to exchange cryptos for local currency. Some popular exchanges are Coinbase, Bittrex, Kraken and more.
Faucet:
A website which gives away free cryptocurrencies.
Fiat money:
Fiat currency is legal tender whose value is backed by the government that issued it, such as the US dollar or UK pound.
Fork:
A split in the blockchain, resulting in two separate branches, an original and a new alternate version of the cryptocurrency. As a single blockchain forks into two, they will both run simultaneously on different parts of the network. For example, Bitcoin Cash is a Bitcoin fork.
FOMO:
Fear of missing out.
Frictionless:
A system is frictionless when there are zero transaction costs or trading retraints.
FUD:
Fear, Uncertainty and Doubt regarding the crypto market.
Gas:
A fee paid to run transactions, dapps and smart contracts on Ethereum.
Halving:
A 50% decrease in block reward after the mining of a pre-specified number of blocks. Every 4 years, the “reward” for successfully mining a block of bitcoin is reduced by half. This is referred to as “Halving”.
Hardware wallet:
Physical wallet devices that can securely store cryptocurrency maximally. Some examples are Ledger Nano S**,** Digital Bitbox and more**.**
Hash:
The process that takes input data of varying sizes, performs an operation on it and converts it into a fixed size output. It cannot be reversed.
Hashing:
The process by which you mine bitcoin or similar cryptocurrency, by trying to solve the mathematical problem within it, using cryptographic hash functions.
HODL:
A Bitcoin enthusiast once accidentally misspelled the word HOLD and it is now part of the bitcoin legend. It can also mean hold on for dear life.
ICO (Initial Coin Offering):
A blockchain-based fundraising mechanism, or a public crowd sale of a new digital coin, used to raise capital from supporters for an early stage crypto venture. Beware of these as there have been quite a few scams in the past.
John mcAfee:
A man who will one day eat his balls on live television for falsely predicting bitcoin going to 100k. He has also become a small meme within the crypto community for his outlandish claims.
JOMO:
Joy of missing out. For those who are so depressed about missing out their sadness becomes joy.
KYC:
Know your customer(alternatively consumer).
Lambo:
This stands for Lamborghini. A small meme within the investing community where the moment someone gets rich they spend their earnings on a lambo. One day we will all have lambos in crypto-valhalla.
Ledger:
Away from Blockchain, it is a book of financial transactions and balances. In the world of crypto, the blockchain functions as a ledger. A digital currency’s ledger records all transactions which took place on a certain block chain network.
Leverage:
Trading with borrowed capital (margin) in order to increase the potential return of an investment.
Liquidity:
The availability of an asset to be bought and sold easily, without affecting its market price.
of the coins.
Margin trading:
The trading of assets or securities bought with borrowed money.
Market cap/MCAP:
A short-term for Market Capitalization. Market Capitalization refers to the market value of a particular cryptocurrency. It is computed by multiplying the Price of an individual unit of coins by the total circulating supply.
Miner:
A computer participating in any cryptocurrency network performing proof of work. This is usually done to receive block rewards.
Mining:
The act of solving a complex math equation to validate a blockchain transaction using computer processing power and specialized hardware.
Mining contract:
A method of investing in bitcoin mining hardware, allowing anyone to rent out a pre-specified amount of hashing power, for an agreed amount of time. The mining service takes care of hardware maintenance, hosting and electricity costs, making it simpler for investors.
Mining rig:
A computer specially designed for mining cryptocurrencies.
Mooning:
A situation the price of a coin rapidly increases in value. Can also be used as: “I hope bitcoin goes to the moon”
Node:
Any computing device that connects to the blockchain network.
Open source:
The practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone.
OTC:
Over the counter. Trading is done directly between parties.
P2P (Peer to Peer):
A type of network connection where participants interact directly with each other rather than through a centralized third party. The system allows the exchange of resources from A to B, without having to go through a separate server.
Paper wallet:
A form of “cold storage” where the private keys are printed onto a piece of paper and stored offline. Considered as one of the safest crypto wallets, the truth is that it majors in sweeping coins from your wallets.
Pre mining:
The mining of a cryptocurrency by its developers before it is released to the public.
Proof of stake (POS):
A consensus distribution algorithm which essentially rewards you based upon the amount of the coin that you own. In other words, more investment in the coin will leads to more gain when you mine with this protocol In Proof of Stake, the resource held by the “miner” is their stake in the currency.
PROOF OF WORK (POW) :
The competition of computers competing to solve a tough crypto math problem. The first computer that does this is allowed to create new blocks and record information.” The miner is then usually rewarded via transaction fees.
Protocol:
A standardized set of rules for formatting and processing data.
Public key / private key:
A cryptographic code that allows a user to receive cryptocurrencies into an account. The public key is made available to everyone via a publicly accessible directory, and the private key remains confidential to its respective owner. Because the key pair is mathematically related, whatever is encrypted with a public key may only be decrypted by its corresponding private key.
Pump and dump:
Massive buying and selling activity of cryptocurrencies (sometimes organized and to one’s benefit) which essentially result in a phenomenon where the significant surge in the value of coin followed by a huge crash take place in a short time frame.
Recovery phrase:
A set of phrases you are given whereby you can regain or access your wallet should you lose the private key to your wallets — paper, mobile, desktop, and hardware wallet. These phrases are some random 12–24 words. A recovery Phrase can also be called as Recovery seed, Seed Key, Recovery Key, or Seed Phrase.
REKT:
Referring to the word “wrecked”. It defines a situation whereby an investor or trader who has been ruined utterly following the massive losses suffered in crypto industry.
Ripple:
An alternative payment network to Bitcoin based on similar cryptography. The ripple network uses XRP as currency and is capable of sending any asset type.
ROI:
Return on investment.
Safu:
A crypto term for safe popularized by the Bizonnaci YouTube channel after the CEO of Binance tweeted
“Funds are safe."
“the exchage I use got hacked!”“Oh no, are your funds safu?”
“My coins better be safu!”


Sats/Satoshi:
The smallest fraction of a bitcoin is called a “satoshi” or “sat”. It represents one hundred-millionth of a bitcoin and is named after Satoshi Nakamoto.
Satoshi Nakamoto:
This was the pseudonym for the mysterious creator of Bitcoin.
Scalability:
The ability of a cryptocurrency to contain the massive use of its Blockchain.
Sharding:
A scaling solution for the Blockchain. It is generally a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.
Shitcoin:
Coin with little potential or future prospects.
Shill:
Spreading buzz by heavily promoting a particular coin in the community to create awareness.
Short position:
Selling of a specific cryptocurrency with an expectation that it will drop in value.
Silk road:
The online marketplace where drugs and other illicit items were traded for Bitcoin. This marketplace is using accessed through “TOR”, and VPNs. In October 2013, a Silk Road was shut down in by the FBI.
Smart Contract:
Certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights.
Software Wallet:
A crypto wallet that exists purely as software files on a computer. Usually, software wallets can be generated for free from a variety of sources.
Solidity:
A contract-oriented coding language for implementing smart contracts on Ethereum. Its syntax is similar to that of JavaScript.
Stable coin:
A cryptocoin with an extremely low volatility that can be used to trade against the overall market.
Staking:
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
Surge:
When a crypto currency appreciates or goes up in price.
Tank:
The opposite of mooning. When a coin tanks it can also be described as crashing.
Tendies
For traders , the chief prize is “tendies” (chicken tenders, the treat an overgrown man-child receives for being a “Good Boy”) .
Token:
A unit of value that represents a digital asset built on a blockchain system. A token is usually considered as a “coin” of a cryptocurrency, but it really has a wider functionality.
TOR: “The Onion Router” is a free web browser designed to protect users’ anonymity and resist censorship. Tor is usually used surfing the web anonymously and access sites on the “Darkweb”.
Transaction fee:
An amount of money users are charged from their transaction when sending cryptocurrencies.
Volatility:
A measure of fluctuations in the price of a financial instrument over time. High volatility in bitcoin is seen as risky since its shifting value discourages people from spending or accepting it.
Wallet:
A file that stores all your private keys and communicates with the blockchain to perform transactions. It allows you to send and receive bitcoins securely as well as view your balance and transaction history.
Whale:
An investor that holds a tremendous amount of cryptocurrency. Their extraordinary large holdings allow them to control prices and manipulate the market.
Whitepaper:

A comprehensive report or guide made to understand an issue or help decision making. It is also seen as a technical write up that most cryptocurrencies provide to take a deep look into the structure and plan of the cryptocurrency/Blockchain project. Satoshi Nakamoto was the first to release a whitepaper on Bitcoin, titled “Bitcoin: A Peer-to-Peer Electronic Cash System” in late 2008.
And with that I finally complete my odyssey. I sincerely hope that this helped you and if you are new, I welcome you to crypto. If you read all of that I hope it increased, you in knowledge.
my final definition:
Crypto-Family:
A collection of all the HODLers and crypto fanatics. A place where all people alike unite over a love for crypto.
We are all in this together as we pioneer the new world that is crypto currency. I wish you a great day and Happy HODLing.
-u/flacciduck
feel free to comment words or terms that you feel should be included or about any errors I made.
Edit1:some fixes were made and added words.
submitted by flacciduck to CryptoCurrency [link] [comments]

Weekly update. 437 BTC were traded using LocalBitcoin last week,trading Bs. /BTC and BTC/Bs. (Bolivares, Venezuelan "official" currency, ISO VES). These 437 BTC were 1,852,000,000,000 Bs. One BTC is around 4,600,000,000 Bs. Monthly minimum wage is less 2 USD. PhD uni professor earns 4 USD monthly.

Hi guys, wanted to updated last week numbers. You probably saw my post about the moons
This is only measured in BTC and LocalBitcoins. There are other exchanges that accept Bolivares like Binance and Airtm but I think they dont have a open API. Paxful stoped working here a few weeks ago.
And remember, two years ago 5 zeroes were deleted from the currency. So the price of the BTC would be 460,000,000,000,000 "old" Bs.
September will closed with around USD 20,000,000 (around 2000 BTC) traded with LocalBitcoin
Here are more stats https://www.usefultulips.org/combined_VES_Page.html
Monthly minimum wage is 800,000 Bs. one USD is around 440,000 Bs. So that is where the 2 USD monthly comes. These 800,000 Bs. already include a cash food bonus.
https://www.caracaschronicles.com/
Moons, tips and work by reddits have helped me so much!
Some people insist that minimum monthly wage is not real, but it is. I have relatives that are public workers and earn that. Some with studies and time working could reach 20 minimum wages according to the tables, that would be anyway under 50 USD monthly.
Private companies, well a little more. A cashier in a supermarket could earn around 50 USD monthly.
The Venezuela College of Engineers, has a table for the recomended wages. The minimum wage they propose for a engineer without any experiencie is 90,000,000 Bs. / monthly, which is around 200 USD. And... good luck finding a place that pays that
http://www.civ.net.ve/uploaded_pictures/70_d.pdf
One professor with PhD, national science award and 21 years teaching earns less than 4 USD monthly. You can see the testimony here https://twitter.com/katika48/status/1304506604147159040?s=19 (I think you have the option to trasnlate the tweet)
The average income of Venezuelan is 0.72 USD daily (2020 numbers), so we are talking around 20 USD monthly, and that is an AVERAGE with all that means.
https://www.caracaschronicles.com/2020/07/08/yes-venezuela-is-now-the-poorest-country-in-the-americas/
Any question let me know, AMA. But check my links and sources first.
Sources:
https://www.npr.org/sections/goatsandsoda/2019/09/06/757822363/a-doctor-or-nurse-might-earn-6-a-month-in-venezuela-if-theyre-lucky
https://coin.dance/volume/localbitcoins/VES/BTC
LBTC listings https://localbitcoins.com/buy-bitcoins-online/ves/
submitted by WorkingLime to CryptoCurrency [link] [comments]

How to buy Bitcoin and Deposit on Roobet Full Tutorial

Hello!
In this thread I will do my very best to explain how to purchase Bitcoin safely and deposit it onto Roobet.com !
If anything is too confusing or you need further instructions feel free to message a mod for help!Be very aware of other users offering to sell you bitcoin or purchase on your behalf.If you are new to Bitcoin in general I strongly recommend watching this quick video on the basics of bitcoin safety https://www.youtube.com/watch?v=2z2xggmeW1AAfter you have watched that or you already understand bitcoin skip to down below!
Buying Bitcoin
Step 1 Chosing an exchange
Ok so you want to buy bitcoin to play on roobet? No problem! Bitcoin is super easy to use once you understand it! The first thing you need to do is pick an exchange to purchase from. I would recommend coinbase as it is a very large and trusted exchange. If coinbase does not work in your region then I would recommend Binance The last option if buying online doesn't work would be a local Bitcoin ATM use google to find one close to you.

Step 2 Signing up - coinbase Sign up using https://www.coinbase.com/join/carava_zo to get a bonus 10$ btc on your first purchase Once you create an account you will be prompt to verify both a Email & Phone Number *Sometimes a photo id is required* *(It is recommend to add one as it will improve account security and increase your buying limit)* Follow the on screen prompts until you get to Add Payment Method
Add your method of payment
Once you link a Bank/Credit Card you will now be in the main page
https://preview.redd.it/a58hftutv8d51.png?width=1892&format=png&auto=webp&s=9ce87ba198fdcaad10a2da4725c1030fca4d1741
  1. Takes you to the main page
  2. Takes you to the main page
  3. Your Portfolio view your holdings here
  4. Check current market prices
  5. Buy sell and send bitcoin/Crypto
Click on Trade (5) SOMETIMES AN ID IS REQUIRED It is recommended to do this step even if you do not get the prompt as it will increase account security and increase your buying limit.
Verify your Id by following the steps
Once you have a verified account you will be able to purchase Bitcoin for life! YAAAY :) Click on Trade (5) once again and now you will see this pop up
https://preview.redd.it/absss1xrx8d51.png?width=373&format=png&auto=webp&s=93308c636588421ead42f557cc5c51beeea4c431
GO SLOW FROM THIS POINT ON THERE IS NO RUSH Select the coin you would like to purchase Select the payment method you have added in the previous step Ensure that One Time Purchase is selected so it does not recur automatically
Confirmation Window
This is the last chance to cancel or change anything before you purchase. In this example I am making a purchase of $100 Cad worth of BTC Take not of Coinbase fees so you do not get confused once the BTC arrives
Complete
Your BTC will be available instantly! that is the beauty of setting up a verified coinbase account! Step 1 is complete we have now successfully purchased our first amount bitcoin!
Step2 Sending Bitcoin Now we will go back to the home page by click ether the logo (1) or the home button (2) From the main page we will click on portfolio (3)
https://preview.redd.it/dzvva71mz8d51.png?width=1892&format=png&auto=webp&s=9f2d1cd9052b7751afd22a97c6a52fa4fd669a23

Once we are in the Portfolio screen scroll down until you see Your Assets
This will display all your holdings
Now click on Bitcoin and it will bring you to your bitcoin wallet on the right hand side you will see a Send and Receive Tab
ALWAYS TRIPLE CHECK ADDRESSES
Ok we are going to Pause Coinbase here and head on over to our Roobet AccountIf you do not have a Roobet Account Follow the guide here ( https://www.reddit.com/Roobet/comments/hydyap/how_to_create_a_roobet_account/ )
On the roobet home page you want to click on Deposit
https://preview.redd.it/6x49blj939d51.png?width=1409&format=png&auto=webp&s=a6acb178137f90d874297f067b83e8abb143b035
Once you do that the Wallet Window will pop up
IF you have the coinbase app you can Scan the QR code to deposit (not the one in the screenshot unless you want to deposit into my wallet!)
  1. Copy the Bitcoin Address (Your bitcoin address not the one in the screenshot)
  2. Head back to coinbase
  3. You should still have the Sent/Receive tab open if not open it back up
  4. Put in the amount of BTC you wish to send
  5. I like to add a note to keep my purchases organized this is optional
  6. PASTE THE ROOBET DEPOSIT ADDRESS WE COPIED FROM STEP 1
  7. DOUBLE TRIPLE QUADRUPLE CHECK THE ADDRESS IS CORRECT YOU ONLY GET 1 SHOT AT THIS GO SLOW
  8. If everything looks good click send
TRIPLE CHECK BEFORE CLICKING SEND
You will be given a confirmation screen again take note of the fees It is easy to get confused especially with currency conversion its always best to look at the BTC amount not the $ amount. (pro tip)
Last chance to check everything
Once you confirmed everything click send and the BTC is on its way! Go back to roobet and keep an eye on your notifications. Thanks to Roobet Instant funding you only need 1 confirmation before your funds are ready to go!
https://preview.redd.it/14x2wwmo59d51.png?width=524&format=png&auto=webp&s=d40212fd1b67555fecb6e7f69c78d47c1abe569f

Thats it!!!!You have successfully purchased and added BTC to your roobet account! Things to note Bitcoin is risky be safe take time to learn it Gambling is risky... Crpto is risky this website combines both please take the appropriate steps to ensure not only your financial safety but also your metal health Play Smart Play Safe
Thank you for reading!if this helped you at all I would love it if you used my links above when signing up This was my first reddit guide I apologize if it is messy/confusing I will work on the formatting any Feedback is appreciated
-Dom
submitted by dom555 to Roobet [link] [comments]

Last week 511 BTC were traded in Venezuela using LocalBitcoin (up from 475 BTC), buying BTC with FIAT and selling BTC for FIAT. 511 BTC are 959,197,000,000 Bs. (Bolivares). One BTC is around 1,970,000,000 Bs. Monthly minimum wage is 5 USD (50,000 satoshis)

Hi guys,
I'm Venezuelan living here and have taken the time to track and share this weekly numbers.
Considering now the goverment is officially taking BTC to pay for passports, https://www.reddit.com/Bitcoin/comments/her9xg/venezuela_government_is_officially_taking_bitcoin/
I think a part of that weekly Localbitcoin volumen comes directly for the goverment. It has been around 2,000 BTC monthly for months! (only measured using LocalBitcoin, there are other exchanges like AIRTM, Uphold, Binance and so on, but no open data). Most of the Localbitcoin trades are in Bolivares.
I recommend reading this website, it is one of the best english websites for Venezuela news (they sometimes touch the crypto and economic situation).
https://www.caracaschronicles.com/
People always ask what the the average salary, not the minimum. Well I would say around 20-50 USD monthly. One doctor is around 30 USD. Teacher around 20 USD. Junior engineer maybe 50 USD (The engineers collegue "suggests" around 200 USD monthly, but it is hard to find a place with these wages)
Any question let me know, AMA. But check my links and sources first.
Sources:
https://orinocotribune.com/comprehensive-minimum-wage-increase-by-78-in-venezuela/
https://www.npr.org/sections/goatsandsoda/2019/09/06/757822363/a-doctor-or-nurse-might-earn-6-a-month-in-venezuela-if-theyre-lucky
https://coin.dance/volume/localbitcoins/VES/BTC
LBTC listings https://localbitcoins.com/buy-bitcoins-online/ves/
submitted by WorkingLime to Bitcoin [link] [comments]

The next XVG? Microcap 100x potential actually supported by fundamentals!

What’s up team? I have a hot one for you. XVG returned 12 million percent in 2017 and this one reminds me a lot of it. Here’s why:
Mimblewimble is like Blu-Ray compared to CD-ROM in terms of its ability to compress data on a blockchain. The current BTC chain is 277gb and its capacity is limited because every time you spend a coin, each node needs to validate its history back to when it was mined (this is how double spending is prevented). Mimblewimble is different - all transactions in a block are aggregated and netted out in one giant CoinJoin, and only the current spending needs to be verified. This means that dramatically more transactions can fit into a smaller space, increasing throughput and lowering fees while still retaining the full proof of work game theory of Bitcoin. These blockchains are small enough to run a full node on a cheap smartphone, which enhances the decentralization and censorship resistance of the network.
The biggest benefit, though, is that all transactions are private - the blockchain doesn’t reveal amounts or addresses except to the actual wallet owner. Unlike earlier decoy-based approaches that bloat the chain and can still be data mined (XMR), Mimblewimble leaves no trace in the blockchain, instead storing only the present state of coin ownership.
The first two Mimblewimble coins, Grin and Beam, launched to great fanfare in 2019, quickly reaching over $100m in market cap (since settled down to $22m and $26m respectively). They are good projects but grin has infinite supply and huge never-decreasing emission, and Beam is a corporate moneygrab whose founding investors are counting on you buying for their ROI.
ZEC is valued at $568m today, despite the facts that only 1% of transactions are actually shielded, it has a trusted setup, and generating a confidential transaction takes ~60 seconds on a powerful PC. XMR is a great project but it’s valued at $1.2b (so no 100x) and it uses CryptoNote, which is 2014 tech that relies on a decoy-based approach that could be vulnerable to more powerful computers in the future. Mimblewimble is just a better way to approach privacy because there is simply no data recorded in the blockchain for companies to surveil.
Privacy is not just for darknet markets, porn, money launderers and terrorists. In many countries it’s dangerous to be wealthy, and there are all kinds of problems with having your spending data be out there publicly and permanently for all to see. Namely, companies like Amazon are patenting approaches to identify people with their crypto addresses, “for law enforcement” but also so that, just like credit cards, your spending data can be used to target ads. (A) Coinbase is selling user data to the DEA, IRS, FBI, Secret Service, and who knows who else? (B) What about insurance companies raising your premiums or canceling your policy because they see you buying (legal) cannabis? If your business operates using transparent cryptocurrency, competitors can data mine your customer and supply chain data, and employees can see how much everyone else gets paid. I could go on, but the idea of “I have nothing to hide, so what do I care about privacy?” will increasingly ring hollow as people realize that this money printing will have to be paid by massive tax increases AND that those taxes will be directly debited from their “Central Bank Digital Currency” wallets.
100% privacy for all transactions also eliminates one HUGE problem that people aren’t aware of yet, but they will be: fungibility. Fungibility means that each coin is indistinguishable from any other, just like paper cash. Why is this important? Because of the ever-expanding reach of AML/KYC/KYT (Anti-Money Laundering / Know Your Customer / Know Your Transaction) as regulators cramp down on crypto and banks take over, increasingly coins become “tainted” in various ways. For example, if you withdraw coins to a mixing service like Wasabi or Samourai, you may find your account blocked. (C) The next obvious step is that if you receive coins that these chainalysis services don’t like for whatever reason, you will be completely innocent yet forced to prove that you didn’t know that the coins you bought were up to no good in a past life. 3 days ago, $100k of USDC was frozen. (D) Even smaller coins like LTC now have this problem, because “Chinese Drug Kingpins” used them. (E) I believe that censorable money that can be blocked/frozen isn’t really “your money”.
Epic Cash is a 100% volunteer community project (like XVG and XMR) that had a fair launch in September last year with no ICO and no premine. There are very few projects like this, and it’s a key ingredient in Verge’s success (still at $110m market cap today despite being down 97% since the bubble peak) and why it’s still around. It has a small but super passionate community of “Freemen” who are united by a belief in the sound money economics of Bitcoin Standard emission (21m supply limit and ever-decreasing inflation) and the importance of privacy.
I am super bullish on this coin for the following reasons:
Because it doesn’t have a huge marketing budget in a sea of VC-funded shitcoins, it is as-yet undiscovered, which is why it’s so cheap. There are only 4 Mimblewimble-based currencies on the market: MWC at $162m, BEAM at $26m, GRIN at $22m, and EPIC at $0.4m. This is not financial advice and as always, do your own research, but I’ve been buying this gem for months and will continue to.
This one ticks all the boxes for me, the only real problem is that it’s hard to buy much without causing a huge green candle. Alt season is coming, and coins like this are how your neighbor Chad got his Lambo back in 2017. For 2021, McLaren is a better choice and be sure to pay cash so that it doesn’t get repossessed like Chad!
  1. A https://www.vice.com/en_us/article/d35eax/amazon-bitcoin-patent-data-stream-identify-cryptocurrency-for-law-enforcement-government
  2. B https://decrypt.co/31461/coinbase-wants-to-identify-bitcoin-users-for-dea-irs
  3. C https://www.coindesk.com/binance-blockade-of-wasabi-wallet-could-point-to-a-crypto-crack-up
  4. D https://cointelegraph.com/news/centre-freezes-ethereum-address-holding-100k-usdc
  5. E https://www.coindesk.com/us-treasury-blacklists-bitcoin-litecoin-addresses-of-chinese-drug-kingpins
  6. F https://www.youtube.com/channel/UCWkTxl5Z6DNN0ASMRxSKV5g
  7. G http://epic.tech/whitepaper
  8. H https://medium.com/epic-cash/epic-cash-on-uniswap-22447904d375
  9. I https://epic.tech/wp-content/uploads/2019/09/figure-3.1.jpg
Links:
submitted by pinchegringo to CryptoMoonShots [link] [comments]

Marketing Strategies and Practices for Block chain Projects and Startups.

If you are a blockchain startup, open source project or decentralized protocol and believe that you don’t need the right kind of marketing to succeed, think again.
Marketing” has traditionally been a weakness in the early lives of many tech startups for a variety of reasons. Most startups are often led by young or inexperienced CEOs or project leaders who come from a strong engineering or product mindset. These founders either don’t understand or don’t appreciate the value of marketing, and certainly that comes from a lack of experience or education on the subject. Most blockchain companies/projects founders are no different.
At the root of this situation lies a common and fundamental misconception: not knowing the true meaning and functions of marketing agency in mumbai .

Marketing Mistakes

Wrongfully, marketing is prematurely equated to shouting about a product prior to having it ready for the market to try. Others think that marketing is about hiring a PR firm, polishing a website, publishing a blog post, promoting on social media, designing a great logo with new colors and fonts, or producing videos about your product and Society Activation in Mumbai.
Unfortunately, during the ICO frenzy days, the term marketing has been bastardized around excessive usage of the above named activities. Therefore, marketing has received a bad rap in blockchain circles because it has been equated to pumping bad ICOs where the marketing consisted of purely unchecked promotion.
In the past few months, I have had several conversations with founders of blockchain related projects and companies who clearly didn’t seem to understand, let alone appreciate the value and priority they should be giving to doing a better job at marketing. When I challenged them on their marketing, or broached the topic, the responses ranged along the following flavors:
· We’re not ready for marketing until the next product is released and announced
· We have it in the budget for next year to hire a PR firm
· I’ve been doing videos that will air as advertising later
· We prefer to deliver first, and then talk about what we have done
· Marketing is expensive and we don’t have the budget now
· We hired a design firm and redoing our website with a new visual identity
· We don’t need marketing, we focus on our community on Reddit
All of the above are the wrong answers, and point to not understanding the various parts of marketing.

Marketing is a Process

So let’s start with the basics and further discuss what marketing is, or is not about. First, there are 3 parts to marketing:
· Product marketing – explaining what the product does (features/benefits), and how it is differentiated from others. Goal: Positioning the product.
· Corporate marketing – positioning the company and communicating its messages in a variety of means. Branding and Marketing Communications is a big part of it. Goal: Generate Awareness and Preference.
· Customer marketing (sometimes labelled as field marketing, direct marketing or content marketing) – getting in front of your target market to generate adoption, leads and sales. Goal: Generate Adoption and Loyalty.
The kind of marketing that is often deficient in blockchain companies or projects is Marketing Communications, i.e. how to strongly and clearly message in a few words what your project, company or product do for the usecustomer. But this must be done as a continuum. Messaging is not a single shot of sound bites around a launch event. To make it even more effective, it must be customized to the specific audience you are trying to reach: customers, investors, employees, media, influencers, partners, etc.
The process of creating the messaging is a complex exercise that has several layers designed to answering the WHY, WHAT and HOW of your value proposition. Many companies nail the WHY (Elevator pitch), but don’t follow through with the WHAT (Competitive positioning and Core value proposition), or the HOW (Product/Solution messaging and Technology differentiation).
Marketing is a process that evolves along a series of objectives, from Awareness, to Consideration, to Trials, and then Loyalty. Different tools are effective for each one of these steps. For example, thought leadership focuses on the awareness aspect and trying to shape the market by educating it. The brand leadership helps to influence the prospect’s perception towards you. You want to gradually progress from letting your target market care, understand, believe, then act to try your product and merchant onboarding agency in mumbai .
Here is the right order of progression for the following activities:
  1. Brand Strategy
  2. Positioning Statement
  3. Messaging Elements
  4. Visual Identity
Sadly, a common mistake I see is starting with the visual identity and thinking that it is branding. Often, that is the result of being led by an inexperienced CMO or one that came from the PCommunications side, or when the organization has hired a brand design firm instead of a brand strategy firm. Most brand design houses (and some PR companies) will tell you they will take care of your messaging and branding, but that is the tail wagging the dog. Brand strategy takes a very unique skill, and there are few brand strategy experts that do a great job with it. One brand strategy firm with whom I have had experience working with, is Brandsinger.
In a nutshell, if you are not occupying a position in the minds of users/customers (and the prospective market), then your brand value is zero. Someone else will come and articulate their value proposition better than you, and will subsequently occupy that position. If you are first to deliver a product, it may not matter. You need to be first in occupying that specific position in the minds of your target market. The battle is a battle of the minds, as rightfully spelled out in the seminal book on that topic Positioning: The Battle For Your Mind, a classic book that I have perhaps read over 20 times (over a course of 25 years), and almost memorized and put into practice accordingly. The sequel to that book, – Marketing Warfare, is also a must read marketing classic from the legendary Ries and Trout, the two authors of that series of work.

Blockchain Examples

Let’s give it some blockchain and cryptocurrency flavours.
Bitcoin occupied first the digital money position and still does to this point. Ethereum exploited a weakness in Bitcoin,- its ease of programmability and development platform potential, and it currently owns that position. All other (newer) blockchains have to attack Bitcoin or Ethereum as the reference points. Most of them have to raise the volume and intensity of their marketing in order to make an assault on these established leaders. It is always more expensive to attack than it is to defend a position.
ZCash and Monero have exploited the privacy niche. Coinbase occupies the safety ladder in cryptocurrency exchanges. Binance is trying to attack it with a me-too strategy focused on scale, and they are extending their brand with new services. LoomX has been good at becoming a Layer 2 leader for Ethereum. Take any other segment. For example, when you think file storage, you probably think Storj or Filecoin because that’s the position they are occupying. When you think prediction markets, you probably think of Augur or Gnosis. And when you think of stablecoins, Maker comes to mind.

Back to Basics

For those of you who know me from the blockchain market only (over the past 6 years roughly), you may not know that I’ve previously spent a long career in sales and marketing with a variety of positions and experiences in direct sales, field marketing, corporate marketing and several startups as founder and default chief marketer. More specifically, since I exited the operational world via my last startup in April 2013, I’ve written extensively about startup marketing in the early years of this blog. All of it still applies, as I focused on explaining the basics of market positioning, marketing strategy, messaging, brand strategy, and related marketing topics.
There is no point re-inventing marketing for the blockchain sector. So, I’m going to link to some basics that I’ve already written about. Here, I collected the 12 most pertinent blog posts into a single one that links to them: Startup Marketing Compendium of 12 Posts on Positioning, Branding, Messaging and more. Then I wrote one more, The Biggest Blind Spot of a Startup CEO is Ignoring Their Brand.
So please go read that series, and if you need help implementing some of that, don’t start by hiring a PR agency. Rather, take an introspective view, and hire the right marketing person first.
Another common weakness with blockchain companies is they fail to tell their stories in non-technical terms to the market. It is not enough to excite the developers.
And don’t just focus entirely on social media publishing. Unless you have 1 Million+ Twitter followers in your target audience, promoting on social media will only make a dent in your awareness goals.
Remember, marketing is not just writing a press release. It is not shouting from the rooftops. It takes finesse, planning, thought, accuracy, targeted actions, and iterations to get it right.
And timing is so important. Sometimes the marketing is way ahead of delivery, and sometimes it is way behind it, but when the timing and sequence are right, that’s when the magic of results happens.
Allow me repeat this: marketing is a process. Learn it, acquire experience in it, practice it, but don’t be amateurish about it.
About Us.
We are a local marketing and sales agency that help small/medium sized businesses and Start up. Established for over 10 years, our clients vary in size and cover a wide variety of business sectors. we see ourselves as active members of the local community helping local businesses by providing a variety of field marketing, btl marketing , door to door marketing, brand promotion, social media marketing, telemarketing, web and printed based marketing materials.
Contact Us.
Get in touch with us, we would love to discuss your marketing needs.
We love a good coffee and a challenge, so would be happy to meet up with you face to face.
submitted by parth770 to u/parth770 [link] [comments]

Breaking News: Russia Outlaws Binance

Breaking News: Russia Outlaws Binance
Russian telecom regulator, Roskomnadzor, has notified the world’s largest cryptocurrency exchange Binance that it blacklisted the exchange for “spreading information related to the acquisition of digital currencies”. Basically, it means that Russian users won’t be able to access the exchange without the use of special tools like VPNs, anonymizers, or proxy servers after the local telecom operators start to enforce the ban.
by StealthEX
So far the exchange site is still accessible without taking any additional steps. Binance promises that there will be no disruption to their services for Russian users, and that they are going to challenge this decision in the court of law. Now the exchange is looking for legal counsel before taking further action. Anyway, it seems to remain unflinching in its plan to launch a cryptocurrency payment card for Russian users later this year.
The good news is that many top dogs in the cryptocurrency exchange services arena, for example, LocalBitcoins, have been banned for years, and it didn’t stop crafty Russians from using the services. You wouldn’t really expect highly sophisticated crypto traders to be warded off with these mostly useless measures. Roskomnadzor had become famous for banning Telegram in 2018, and then even more famous for having to admit losing this battle, even though it took two long years and a virus pandemic to recognize the failure.
And the utmost irony in all of this is that the Binance ban is in stark contrast with the recent proposal of Russia’s Ministry of Finance. It came up with a bill on making individuals report their crypto operations for taxes, which kinda assumes legality of these operations. The authority also proposes that cryptocurrency exchanges should quarterly report transactions of Russian users. But seriously, how do they see approaching Binance if it is not supposed to be available from Russia?
If you are going to make sense of it all, you will have a hard time. Any sane person trying to find reason behind the steps taken toward cryptocurrency regulation by the Russian government and its public services would likely end up with cognitive collapse. But it may be a mistake to assume there is a reason in the first place as these moves can be adequately explained by lack of genuine understanding what cryptocurrencies essentially are. You simply can’t fight crypto with bans and prohibitions.
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [email protected]
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/09/25/breaking-news-russia-outlaws-binance/
submitted by Stealthex_io to StealthEX [link] [comments]

Only 394 BTC were traded in Venezuela using LocalBitcoin (down from 511 BTC) last week, buying BTC with FIAT and selling BTC for FIAT. 394 BTC are 753,970,000,000 Bs. (Bolivares). One BTC is around 1,850,000,000 Bs. Monthly minimum wage is 5 USD (50,000 satoshis)

Hi guys,
I'm Venezuelan living here and have taken the time to track and share this weekly numbers.
This is the first time all the numbers went down. Don't know what happened. Nothing special to be honest.
Since last week the goverment is officially taking BTC to pay for passports, https://www.reddit.com/Bitcoin/comments/her9xg/venezuela_government_is_officially_taking_bitcoin/ (only for Venezuelan living abroad)
I think a part of that weekly Localbitcoin volumen comes directly for the goverment. It has been around 2,000 BTC monthly for months! (only measured using LocalBitcoin, there are other exchanges like AIRTM, Uphold, Binance and so on, but no open data). Most of the Localbitcoin trades are in Bolivares.
I recommend reading this website, it is one of the best english websites for Venezuela news (they sometimes touch the crypto and economic situation).
https://www.caracaschronicles.com/
People always ask what the the average salary, not the minimum. Well I would say around 20-50 USD monthly. One doctor is around 30 USD. Teacher around 20 USD. Junior engineer maybe 50 USD (The engineers collegue "suggests" around 200 USD monthly, but it is hard to find a place with these wages)
Any question let me know, AMA. But check my links and sources first.
Sources:
https://orinocotribune.com/comprehensive-minimum-wage-increase-by-78-in-venezuela/
https://www.npr.org/sections/goatsandsoda/2019/09/06/757822363/a-doctor-or-nurse-might-earn-6-a-month-in-venezuela-if-theyre-lucky
https://coin.dance/volume/localbitcoins/VES/BTC
LBTC listings https://localbitcoins.com/buy-bitcoins-online/ves/
submitted by WorkingLime to Bitcoin [link] [comments]

[ Bitcoin ] 544 BTC were traded in Venezuela using LocalBitcoin (up from 394 BTC) last week, buying BTC with FIAT and selling BTC for FIAT. 544 BTC are 1,019,046,000,000 Bs. (Bolivares). One BTC is around 2,100,000,000 Bs. Monthly minimum wage is less than 5 USD (50,000 satoshis)

Topic originally posted in Bitcoin by WorkingLime [link]
Hi guys,
Updating the numbers, the last week we were under 400 BTC first time in a long time. This week the volume recovered, so we are still at around 2,000 BTC monthly.
This is only measured using LocalBitcoin, there are other exchanges like AIRTM, Uphold, Binance and so on, but no open data). Most of the Localbitcoin trades are in Bolivares.
I recommend reading this website, it is one of the best english websites for Venezuela news (they sometimes touch the crypto and economic situation).
https://www.caracaschronicles.com/
Yesterday a survey by a serious NGO was released sadly it is only in Spanish (it is called Encovi) they concluded the average income of the Venezuela is 0.72 USD daily.
https://translate.google.com/translate?hl=es&sl=es&tl=en&u=https%3A%2F%2Fprodavinci.com%2Fencovi-2019-2020-que-nos-dice-esta-radiografia-sobre-la-calidad-de-vida-de-los-venezolanos%2F
Any question let me know, AMA. But check my links and sources first.
Sources:
https://orinocotribune.com/comprehensive-minimum-wage-increase-by-78-in-venezuela/
https://www.npr.org/sections/goatsandsoda/2019/09/06/757822363/a-doctor-or-nurse-might-earn-6-a-month-in-venezuela-if-theyre-lucky
https://coin.dance/volume/localbitcoins/VES/BTC
LBTC listings https://localbitcoins.com/buy-bitcoins-online/ves/
WorkingLime your post has been copied because one or more comments in this topic have been removed. This copy will preserve unmoderated topic. If you would like to opt-out, please PM me.
[deleted comment]
[deleted comment]
submitted by anticensor_bot to u/anticensor_bot [link] [comments]

BitcoinBCH.com accidentally publishes on-chain proof that they fake BCHs adoption metrics. Post to r/btc gets deleted and OP is now permanently banned.

Everybody who has posted this on btc has been banned according to modlog. Total of 9 users so far. Don't post this on btc or you will get banned. If you get banned comment on this thread or PM me.

May 2020:

According to btc modlogs, mc-78 has been banned because he questioned the April report with this comment.

According to btc modlogs, BCH4TW has been banned because he questioned the April report with this comment.

March 2020:

According to btc modlogs, bch4god has been banned because he questioned the February report with this comment.

According to btc modlogs, ISeeGregPeople has been banned because he linked to this thread in his comment.

February 2020:

According to btc modlogs, whene-is-satoshi has been banned because he linked to this thread in his comment.

January 2020:

According to btc modlogs, cryptokittykiller's post has been removed for linking to this thread.

According to btc modlogs, bashcalf has now been banned for linking to this thread.

According to btc modlogs, EnterLayer2 has now been banned for this post pointing out that this thread has reached 1000 upvotes.

This article was posted by bitcoinsatellite on btc here. Once it reached frontpage it got deleted and OP was banned from btc and bitcoincash as a result.

Disclaimer: I am not and have never been affiliated with any of the mentioned parties in a private or professional matter.
Presumably in an attempt to smear a local competitor, Hayden Otto inadvertently publishes irrefutable on-chain proof that he excluded non-BCH retail revenue to shape the "BCH #1 in Australia" narrative.
  • Scroll down to "Proof of exclusion" if you are tired of the drama recap.
  • Scroll down to "TLDR" if you want a summary.

Recap

In September 2019, BitcoinBCH.com started publishing so called monthly "reports" about crypto retail payments in Australia. They claimed that ~90% of Australia's crypto retail revenue is processed via their own HULA system and that ~92% of all crypto retail revenue happens in BCH.
They are aggregating two data sources to come up with this claim.
One is TravelByBit (TBB) who publishes their PoS transactions (BTC, LN, ETH, BNB, DASH, BCH) live on a ticker.
The other source is HULA, a newly introduced POS system (BCH only) and direct competitor to TBB run by BitcoinBCH.com - the same company who created the report. Despite being on-chain their transactions are private, not published and not verifiable by third parties outside BitcoinBCH.com
Two things stood out in the "reports", noted by multiple users (including vocal BCH proponents):
  • The non-BCH parts must have tx excluded and the report neglects to mention it (the total in their TBB analysis does not match what is reported on the TBB website.)
  • The BCH part has outliers included (e.g. BCH city conference in September with 35x the daily average)
The TBB website loads the historic tx data in the browser but hides transactions older than 7 days from being displayed, i.e. you can access more than 7 days worth of data if you understand JavaScript and can read the source code (source).

Hayden Otto's reaction

In direct response to me publishing these findings on btc, Hayden Otto - an employee at BitcoinBCH.com and the author of the report who also happens to be a moderator of /BitcoinCash - banned me immediately from said sub (source).
In subsequent discussion (which repeated for every monthly "report" which was flawed in the same ways as described above), Hayden responded using the same tactics:
"No data was removed"
"The guy is straight out lying. There is guaranteed no missing tx as the data was collected directly from the source." (source)
"Only data I considered non-retail was removed"
"I also had these data points and went through them to remove non-retail transactions, on both TravelbyBit and HULA." (source)
He admits to have removed non-BCH tx by "Game Ranger" because he considers them non-retail (source). He also implies they might be involved in money laundering and that TBB might fail their AML obligations in processing Game Ranger's transactions (source).
The report does not mention any data being excluded at all and he still fails to explain why several businesses that are clearly retail (e.g. restaurants, cafes, markets) had tx excluded (source).
"You are too late to prove I altered the data"
"[...] I recorded [the data] manually from https://travelbybit.com/stats/ over the month of September. The website only shows transactions from the last 7 days and then they disappear. No way for anyone to access stats beyond that." (source)
Fortunately you can, if you can read the website's source code. But you need to know a bit of JavaScript to verify it yourself, so not an ideal method to easily prove the claim of data exclusion to the public. But it laters turns out Hayden himself has found an easier way to achieve the same.
"The report can't be wrong because it has been audited."
In response to criticism about the flawed methodology in generating the September report, BitcoinBCH.com hired an accountant from a regional Bitcoin BCH startup to "audit" the October report. This is remarkable, because not only did their reported TBB totals still not match those from the TBB site - their result was mathematically impossible. How so? No subset of TBB transaction in that month sums up to the total they reported. So even if they excluded retail transactions at will, they still must have messed up the sum (source). Why didn't their auditor notice their mistake? She said she "conducted a review based on the TravelByBit data provided to her", i.e. the data acquisition and selection process was explicitly excluded from the audit (source).
"You are a 'pathetic liar', a 'desperate toll', an 'astroturf account' and 'a total dumb ass' and are 'pulling numbers out of your ass!'"
Since he has already banned me from the sub he moderates, he started to resort to ad hominems (source, source, source, source).

Proof of exclusion

I published raw data as extracted from the TBB site after each report for comparison. Hayden responded that I made those numbers up and that I was pulling numbers out of my ass.
Since he was under the impression that
"The website only shows transactions from the last 7 days and then they disappear. No way for anyone to access stats beyond that." (source)
he felt confident to claim that I would be
unable to provide a source for the [missing] data and/or prove that that data was not already included in the report. (source)
Luckily for us Hayden Otto seems to dislike his competitor TravelByBit so much that he attempted to reframe Bitcoin's RBF feature as a vulnerability specific to TBB PoS system (source).
While doublespending a merchant using the TBB PoS he wanted to prove that the merchant successfully registered the purchase as complete and thus exposed that the PoS sales history of TBB's merchants are available to the public (source), in his own words:
"You can literally access it from a public URL in the Web browser. There is no login or anything required, just type in the name of the merchant." (source)
As of yet it is unclear if this is intentional by TBB or if Hayden Ottos followed the rules of responsible disclosure before publishing this kind of data leak.
As it happens, those sale histories do not only include the merchant and time of purchases, they even include the address the funds were sent to (in case of on-chain payments).
This gives us an easy method to prove that the purchases from the TBB website missing in the reports belong to a specific retail business and actually happened - something that is impossible to prove for the alleged HULA txs.
In order to make it easier for you to verify it yourself, we'll focus on a single day in the dataset, September 17th, 2019 as an example:
  • Hayden Otto's report claims 20 tx and $713.00 in total for that day (source)
  • The TBB website listed 40 tx and a total of $1032.90 (daily summary)
  • Pick a merchant, e.g. "The Stand Desserts"
  • Use Hayden's "trick" to access that merchants public sale history at https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts, sort by date to find the 17th Sep 2019 and look for a transaction at 20:58 for $28. This proves that a purchase of said amount is associated with this specific retail business.
  • Paste the associated crypto on-chain address 17MrHiRcKzCyuKPtvtn7iZhAZxydX8raU9 in a blockchain explorer of your choice, e.g like this. This proves that a transfer of funds has actually happened.
I let software aggregate the TBB statistics with the public sale histories and you'll find at the bottom of this post a table with the on-chain addresses conveniently linked to blockchain explorers for our example date.
The total of all 40 tx is $1032.90 instead of the $713.00 reported by Hayden. 17 tx of those have a corresponding on-chain address and thus have undeniable proof of $758.10. Of the remaining 23, 22 are on Lightning and one had no merchant history available.
This is just for a single day, here is a comparison for the whole month.
Description Total
TBB Total $10,502
TBB wo. Game Ranger $5,407
TBB according to Hayden $3,737

What now?

The usual shills will respond in a predictive manner: The data must be fake even though its proof is on-chain, I would need to provide more data but HULA can be trusted without any proof, if you include outliers BCH comes out ahead, yada, yada.
But this is not important. I am not here to convince them and this post doesn't aim to.
The tx numbers we are talking about are less than 0.005% of Bitcoin's global volume. If you can increase adoption in your area by 100% by just buying 2 coffees more per day you get a rough idea about how irrelevant the numbers are in comparison.
What is relevant though and what this post aims to highlight is that BitcoinBCH.com and the media outlets around news.bitcoin.com flooding you with the BCH #1 narrative are playing dirty. They feel justified because they feel that Bitcoin/Core/Blockstream is playing dirty as well. I am not here to judge that but you as a reader of this sub should be aware that this is happening and that you are the target.
When BitcoinBCH.com excludes $1,000 Bitcoin tx because of high value but includes $15,000 BCH tx because they are made by "professionals", you should be sceptical.
When BitcoinBCH.com excludes game developers, travel businesses or craftsmen accepting Bitcoin because they don't have a physical store but include a lawyer practice accepting BCH, you should be sceptical.
When BitcoinBCH.com excludes restaurants, bars and supermarkets accepting Bitcoin and when pressed reiterate that they excluded non-retail businesses without ever explaning why a restaurant shouldn't be considered reatil, you should be sceptical.
When BitcoinBCH.com claims the reports have been audited but omit that the data acquisition was not part of the audit, you should be sceptical.
I expect that BitcoinBCH.com will stop removing transactions from TBB for their reports now that it has been shown that their exclusion can be provably uncovered. I also expect that HULA's BCH numbers will rise accordingly to maintain a similar difference.
Hayden Otto assumed that nobody could cross-check the TBB data. He was wrong. Nobody will be able to disprove his claims when HULA's BCH numbers rise as he continues to refuse their release. You should treat his claims accordingly.
As usual, do your own research and draw your own conclusion. Sorry for the long read.

TLDR

  • BitcoinBCH.com claimed no transactions were removed from the TBB dataset in their BCH #1 reports and that is impossible to prove the opposite.
  • Hayden Otto's reveals in a double spend attempt that a TBB merchant's sale history can be accessed publicly including the merchant's on-chain addresses.
  • (For example,) this table shows 40 tx listed on the TBB site on Sep 17th, including their on-chain addresses where applicable. The BitcoinBCH.com report lists only 20 tx for the same day.
  • (Most days and every months so far has had BTC transactions excluded.)
  • (For September, TBB lists $10,502 yet the report only claims $3,737.
No. Date Merchant Asset Address Amount Total
1 17 Sep 19 09:28 LTD Espresso Lightning Unable to find merchant history. 4.50 4.50
2 17 Sep 19 09:40 LTD Espresso Binance Coin Unable to find merchant history. 4.50 9.00
3 17 Sep 19 13:22 Josh's IGA Murray Bridge West Ether 0x40fd53aa...b6de43c531 4.60 13.60
4 17 Sep 19 13:23 Nom Nom Korean Eatery Lightning lnbc107727...zkcqvvgklf 16.00 29.60
5 17 Sep 19 13:24 Nom Nom Korean Eatery Lightning lnbc100994...mkspwddgqw 15.00 44.60
6 17 Sep 19 14:02 Nom Nom Korean Eatery Binance Coin bnb1w5mwu9...552thl4ru5 30.00 74.60
7 17 Sep 19 15:19 Dollars and Sense (Fortitude Valley) Lightning lnbc134780...93cpanyxfg 2.00 76.60
8 17 Sep 19 15:34 Steph's Cafe Binance Coin bnb124hcjy...ss3pz9y3r8 57.50 134.10
9 17 Sep 19 19:37 The Stand Desserts Binance Coin bnb13f58s9...qqc7fxln7s 18.00 152.10
10 17 Sep 19 19:59 The Stand Desserts Lightning lnbc575880...48cpl0z06q 8.50 160.60
11 17 Sep 19 20:00 The Stand Desserts Lightning lnbc575770...t8spzjflym 8.50 169.10
12 17 Sep 19 20:13 The Stand Desserts Lightning lnbc202980...lgqp5ha8f4 3.00 172.10
13 17 Sep 19 20:21 The Stand Desserts Lightning lnbc577010...decq7r4p05 8.50 180.60
14 17 Sep 19 20:24 Fat Dumpling Lightning lnbc217145...9dsqpjjr6g 32.10 212.70
15 17 Sep 19 20:31 The Stand Desserts Lightning lnbc574530...wvcpp3pcen 8.50 221.20
16 17 Sep 19 20:33 The Stand Desserts Lightning lnbc540660...rpqpzgk8z0 8.00 229.20
17 17 Sep 19 20:37 The Stand Desserts Lightning lnbc128468...r8cqq50p5c 19.00 248.20
18 17 Sep 19 20:39 The Stand Desserts Lightning lnbc135220...cngp2zq6q4 2.00 250.20
19 17 Sep 19 20:45 The Stand Desserts Lightning lnbc574570...atcqg738p8 8.50 258.70
20 17 Sep 19 20:51 Fat Dumpling Lightning lnbc414190...8hcpg79h9a 61.20 319.90
21 17 Sep 19 20:53 The Stand Desserts Lightning lnbc135350...krqqp3cz8z 2.00 321.90
22 17 Sep 19 20:58 The Stand Desserts Bitcoin 17MrHiRcKz...ZxydX8raU9 28.00 349.90
23 17 Sep 19 21:02 The Stand Desserts Bitcoin 1Hwy8hCBff...iEh5fBsCWK 10.00 359.90
24 17 Sep 19 21:03 The Stand Desserts Lightning lnbc743810...dvqqnuunjq 11.00 370.90
25 17 Sep 19 21:04 The Stand Desserts Lightning lnbc114952...2vqpclm87p 17.00 387.90
26 17 Sep 19 21:10 The Stand Desserts Lightning lnbc169160...lpqqqt574c 2.50 390.40
27 17 Sep 19 21:11 The Stand Desserts Lightning lnbc575150...40qq9yuqmy 8.50 398.90
28 17 Sep 19 21:13 The Stand Desserts Lightning lnbc947370...qjcp3unr33 14.00 412.90
29 17 Sep 19 21:15 The Stand Desserts Binance Coin bnb1tc2vva...xppes5t7d0 16.00 428.90
30 17 Sep 19 21:16 Giardinetto Binance Coin bnb1auyep2...w64p6a6dlk 350.00 778.90
31 17 Sep 19 21:25 The Stand Desserts BCH 3H2iJaKNXH...5sxPk3t2tV 7.00 785.90
32 17 Sep 19 21:39 The Stand Desserts Binance Coin bnb17r7x3e...avaxwumc58 8.00 793.90
33 17 Sep 19 21:47 The Stand Desserts BCH 32kuPYT1tc...uFQwgsA5ku 18.00 811.90
34 17 Sep 19 21:52 The Stand Desserts BCH 3ELPvxtCSy...4QzvfVJsNZ 36.00 847.90
35 17 Sep 19 21:56 The Stand Desserts Lightning lnbc677740...acsp04sjeg 10.00 857.90
36 17 Sep 19 22:04 The Stand Desserts BCH 38b4wHg9cg...9L2WXC2BSK 54.00 911.90
37 17 Sep 19 22:16 The Stand Desserts Binance Coin bnb14lylhs...x6wz7kjzp5 18.00 929.90
38 17 Sep 19 22:21 The Stand Desserts BCH 3L8SK3Hr7u...F3htdSPxfL 90.00 1019.90
39 17 Sep 19 22:30 The Stand Desserts Binance Coin bnb19w6tle...774uknv57t 5.00 1024.90
40 17 Sep 19 22:48 The Stand Desserts BCH 3Qag8c4UYg...9EYuWzGjhs 8.00 1032.90
submitted by YeOldDoc to CryptoCurrency [link] [comments]

About Venezuela crypto usage

Hi guys, I'm Venezuelan living here.
I have been posting updates about the crypto situation here in Venezuela.
Usually the main trade amount is by Localbitcoin, the traded weekly there is around 500 BTC. From Bs. (Bolivares) to BTC and from BTC to Bs.
Considering the current situation of the country, where minimum monthly wage is around 5 USD (800,000 Bs.) and the goverment regulated some prices and one kilo of meat is around 700,000 Bs. (almost one month of wage) .
I think 500 BTC per week is a respectable amount. The usage of origin of these amount of money is not clear to me, I think miners, people get paid in BTC, people that send remitances to their families in Venezuela and so on.
Traki is a store like Sears maybe, the have been accepting cryptos for like a year they use a POS made by Cryptobuyer and I really don't understand how it works (I think you simple have to wait for the confirmation at least 1).
https://imgur.com/a/YCKNBY1
They accept BTC, ETH, DASH, LTC, BINANCE and TETHER.
DASH has a great marketing team, they managed to KFC, Churchs Chicken, Papa Jhons and Subway to accept DASH in some locations.
https://www.forbes.com/sites/rebeccacampbell1/2018/12/07/discussions-in-place-for-dash-to-be-accepted-at-kfc-venezuela/#5e6269bc5d38
https://dashnews.org/churchs-chicken-venezuela-offers-special-promotion-for-paying-with-dash/
https://www.businessinsider.com/dash-cryptocurrency-surges-in-venezuela-as-hyperinflation-explodes-2018-8 (A billboard in one of the main highways in Caracas) https://www.businessinsider.nl/dash-cryptocurrency-surges-in-venezuela-as-hyperinflation-explodes-2018-8/?international=true&r=UK
There are some stores that sell mining hardware (I think they have some relation with the goverment, because mining here is dangerous the police dont like you to mine and if they found out you are easily a ramson victim), this is a news of that store now accepting BTC cash (by the way the only accept crypto payments)
https://es.0xzx.com/201906039799.html
https://alnavio.com/noticia/16806/economa/en-venezuela-la-criptomoneda-dash-se-admite-en-movistar-subway-y-otros-2.500-comercios.html (in spanish)
About the PETRO:
https://www.reddit.com/CryptoCurrency/comments/gbpqvb/petro_the_venezuelan_goverment_backed_crypto_is/
About the WAGE and prices:
https://translate.google.com/translate?um=1&ie=UTF-8&hl=es&client=tw-ob&sl=es&tl=en&u=https%3A%2F%2Fefectococuyo.com%2Feconomia%2Fgobierno-de-maduro-actualizo-precios-de-27-productos-regulados%2F
About LocalBITCOIN Volumes:
https://coin.dance/volume/localbitcoins/VES

Any question AMA.
submitted by WorkingLime to CryptoCurrency [link] [comments]

08-20 00:35 - 'Bitcoin uses cryptographic key "pairs" / There is a public address and a private key (long string of letters and numbers for each) / A simple way to understand it is a username(public address) and a password to allow s...' by /u/UncleBitcoinJones removed from /r/Bitcoin within 7-17min

'''
Bitcoin uses cryptographic key "pairs"
There is a public address and a private key (long string of letters and numbers for each)
A simple way to understand it is a username(public address) and a password to allow sending money from that address(Private key do not share)
That is basically the gist right there.
Remember Bitcoin is a network so there are many many options from hundreds of vendors and open source projects to simplify the process and access the Bitcoin for you. These are called wallets. They manage your key pairs for you. To back up a wallet you write down a 24 word seed phrase(private do not share) this will allow you the leisure of not storing every single address you own and let the wallet store them for you. If your wallet is destroyed or lost this seed phrase is how you recover your coins. Only use trusted wallets that this sub can recommend you, use the search bar.
You can get Bitcoin by earning it. ORRR trading from an exchange. Depending on your country and local laws this could be various different places. But generally Kraken, Gemini, and Binance are the most popular.
Remember however, if your Bitcoin is not in your wallet or you do not have the key pairs it is in, then you do not own the Bitcoin. Keeping your Bitcoin on an exchange or another 3rd party is highly risky and vulnerable to hacks or the exchange just straight up stealing your funds or even government stealing your funds.
So: Not your keys not your coins.
Plus: Don't use Bitcoin "Doublers" or anyone claiming if you send them bitcoin they will send you back double.
Plus: Don't buy altcoins, ICOs, or get involved with defi.
Recap: [link]1
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: UncleBitcoinJones
1: you*u*be/*szOt**OjXU
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

List of bitcoin person-to-person (P2P) bitcoin exchanges (e.g., Bisq, HodlHodl, LocalCoinSwap, etc.)

Following is a list of P2P exchanges for trading Bitcoin. Common payment methods include bank transfer, cash deposited in the seller's bank account, in-person cash (face-to-face) trades as well as payment networks such as Zelle, Alipay, even Cash App and PayPal, for example.
Any that I am missing?
Altcoin-only P2P Trading exchanges
AggregatoSearch and Helper Sites
Note: If you use one of the above P2P OTC trade "matchmaking" services, please trade with caution and do your own due diligence.
This list does not include exchanges not in English (e.g., 58Coin), deserted or defunct marketplaces (e.g., Cancoin, and Rahakott), not-yet launched (e.g., OTCBoss), ones that operate only through dark markets, or online-only DEX/decentralized exchanges (another list of DEXes).
Also, there are a number of variants that I didn't list:
Otherwise, there are a number of other exchanges — with varying attributes. We recommended trying to stick with No-KYC exchanges, including most of the ones listed on:
Additions, corrections, and other feedback welcome and can be submitted as an issue or pull request on GitHub, or via e-mail.
[Note: There is also a corresponding post on Medium with this information as well.]
submitted by cointastical to Bitcoin [link] [comments]

A guide to Smart Contracts

A guide to Smart Contracts

https://preview.redd.it/ysi74g2vn3251.png?width=1920&format=png&auto=webp&s=63875e316556c41144ad81cf061caf5bb3f4680d
We all have heard the term Smart Contract. When Satoshi invented Blockchain, it was meant to perform transactions only. Ethereum smart contracts made it the prime choice to build Dapps over it. Smart contract enhanced Ethereum’s functionality and makes it different from the traditional blockchain (Bitcoin). This functionality was replicated by other newer Blockchains.
What are Smart Contracts?
Smart contracts can be defined as self-executing applications that run on a blockchain. It is an agreement between two or more parties in the form of a computer code that runs on a decentralized network in a blockchain. It consists of a set of defined rules which are agreed upon by the involved parties. The contract automatically gets activated whenever certain conditions are met.
This idea will remove the involvement of any trusted third-party companies (such as banks) and will be controlled by computers on a trusted network.
Ethereum is one of the most popular blockchain platforms for creating smart contracts. It supports a feature called Turing-completeness that enables the developers to build customized smart contracts. Solidity, Ethereum’s original coding language is used to develop smart contracts. Ethereum blockchain's ERC-20 and ERC-721 tokens are smart contract standards.
Who created it?
Nick Szabo, a computer scientist, and cryptographer, first described the idea of Smart contracts in the ‘90s. He worked on the concept of defining contract laws in businesses between parties by maintaining an electronic commerce protocol on the Internet.
He further designed Bit Gold, a mechanism for a decentralized digital currency in 1998. Though the idea was never implemented it created a base that led to the popularity of Bitcoin after 10 years.
Properties:
· Self-verifiable
· Self-executable
· Tamper Proof
Benefits of using Smart Contract
· The removal of third-party or middleman leads to direct and transparent communication between involving parties
· Helps in maintaining trust as the agreement rules were predefined and agreed by the parties involved
· Helps in reducing error and frauds
· Time and cost-efficient
· No single point of failure or data loss as data is distributed across the network

https://preview.redd.it/1e5ahcqxn3251.png?width=1024&format=png&auto=webp&s=f8a1ebb9b3a84dd721fb32f96fc1950899bc3015
Different objects of Smart contracts
There are three essential and main objects of Smart Contracts
· Signatories- The parties who use the smart contract.
· Agreement subject
· Terms and Condition-. Details like rules, obligations, and associated punishments, etc are mentioned as terms and conditions as appropriate.
How Smart Contract works
Ethereum has 2 types of accounts
· External accounts (user account) - Controlled by public-private key pairs
· Contract accounts - Controlled by the code stored together with the account
These accounts contain four fields:
· The nonce, which ensures that each transaction can only be processed once
· The current ether balance of the account
· The contract code of the account
· The storage of the account
Model steps
  1. External account executes a function:
a. The user initiates the process by signing the transaction using his private key corresponding to the account.
b. Local validation of the transaction happens. It is broadcasted to the network.
c. The transaction is added to the transaction pool. The mines maintains such pools.
  1. Generate EVM bytecode through compiling
  2. EVM
a. EVM is a powerful, virtual sandbox embedded within each full Ethereum node
b. The job of the EVM is to update the Ethereum state by computing valid state transitions as a result of smart contact code execution
c. The EVM should not run into any exceptions during the execution
  1. Get contract address from that transaction's receipt
  2. Trigger contract address to invoke methods of that deployed smart contract
  3. Upon receiving a newly created block, the local node executes all the transactions in the block.
The accuracy and quality of a smart contract depends on the following things
· Open and decentralized database
· The environment needs to support the use of public-key cryptography
· Quality programming is crucial.
· Data should be reliable.
· Robust rules should be used while automating the process.
Features
Smart contracts automatically support the features of underlying blockchain technology.
· Autonomy – Complete control of the involving parties. No need of middleman as in the case of traditional contractual system
· Speed – Automated computer code runs as soon as the input criteria fulfill, thereby eliminating the delays caused by manual paperwork activity
· Safety – Network encryption guarantees safety against data theft or hacking
· Savings – No doubt that the removal of middleman saves a lot of overall cost and time
· Accuracy – Since these smart contracts are automated software codes so they ensure accurate output as long as the data fed into the system as input is accurate
· Trust – Helps in building trust as the documents are encrypted in a shared ledger
· Backup – Since in Blockchain network, each node has a complete backup of data which ensures protection over data loss
Potential Use cases
Smart contracts can be used to exchange money, property, shares, or anything without any intervention of middleman. They are now gaining popularity and adaption in various sectors. Some of the main sectors are as follows:-
· Insurance Companies
· Health Systems
· Government’s administrative work.
· Business Management
I will cover each of the potential use cases in detail in my future articles separately.
Conclusion
Smart Contract is the greatest innovation built on Blockchain technology. We can say it as a cherry over the pie. It has given a new dimension to technology and is one of the biggest reasons behind the popularity of Ethereum.
We can say without any second thought that very soon we will be entering into the era where there will be no intervention of any third party. In this way, it can help us in saving a lot of money, time, and effort. Also, we don’t need to be dependent or trust anyone while taking any crucial transactions. This will surely help in reducing fraud, unnecessary delays, and the overall cost of transactions. Smart Contracts will make many transactional jobs redundant. We can be hopeful that further development in technology will open sources for many other new jobs.
Read More: Understanding Hard Fork
Register in Crypto.com and get $ 50. Link here.
Create a Binance account using my referral link.
submitted by RumaDas to BlockChain_info [link] [comments]

What's Happening At Dash? | Continually Updated News & Announcements Thread

Welcome to dashpay!
If you are new to Dash, we encourage you to check out our wiki, where the Dash project is explained from the ground up with many links to valuable information resources. Also check out the menu bar on top and the sidebar to the right. We have very active Discord and Telegram channels where the community is happy to answer any and all newcomer questions.

Purpose of this post

This post is directed towards community members who wish to rapidly access information on current developments surrounding the Dash cryptocurrency.
Lately we've noticed how the pace of events picked up significantly within the Dash project due to many years of hard work coming together and pieces falling into place ("Evolution" is finally here. It's called Dash Platform). For the purpose of keeping these many pieces of information together, however, singular Reddit submissions are insufficient. Thus we decided to maintain a pinned thread collecting blog posts, interviews, articles, podcasts, videos & announcements. Check back regularly, as this thread will always feature the latest news around Dash, while also serving as a mid-term archive for important announcements and developments.
Journalists looking for news and contact opportunities wrt Dash, please bookmark:

Dash Press Room

"At Dash Press Room you will find the latest press releases, media materials and product updates on Dash - Digital Cash."

Dash Platform Video Series (formerly known as "Evolution") with Amanda B. Johnson

  1. Dash is Becoming a Cloud | Dash Platform #1
  2. What is Dash Drive? | Dash Platform #2
  3. What is Dash's Decentralized API? (DAPI) | Dash Platform #3
  4. Usernames & Dash Platform Name Service (DPNS) | Dash Platform #4
  5. What is Dash Platform Protocol? (DPP) | Dash Platform #5

Dash Core Group News

(last updated: Oct 30th, 2020)

Dash Newsroom with Mark Mason & Dash Talk with Amanda B. Johnson

(last updated: Oct 30th, 2020)

Development news

(last updated: Oct 30th, 2020)

Adoption, Partnership, Business Development, General News

(last updated: Oct 30th, 2020)
submitted by Basilpop to dashpay [link] [comments]

Monthly Nano News: December 2019 + Year Recap Special

This is what NANO has been up to lately. I don't think I lie if I say it has been quite an amazing year!
See you soon and happy new year! Something nice is coming soon that I have been working on for a while, stay tuned..

December 2019

November 2019

October 2019

September 2019

August 2019

July 2019

June 2019

May 2019

Apr 2019

Mar 2019

Feb 2019

Jan 2019


More news here: https://nanolinks.info/news

https://preview.redd.it/9sw5nkoxlt741.png?width=749&format=png&auto=webp&s=3426d4eafb9430c0304a6d161596102536df4318
submitted by Joohansson to nanocurrency [link] [comments]

Bitcoin for Kids - A HowTo via CashApp

Non-KYC options are listed below, but assuming you have a willing parent or guardian, here's an example of how that would work for a minor in the US via CashApp. Ensure your upfront with the parent or guardian as to what your doing.
  1. Get a summer job with some source of direct deposit income.
  2. Ask your legal guardian to help you open a "Youth Spending" checking account also called UTMA.
  3. Ask for a debit card attached to the account.
  4. Have your summer job paychecks direct deposited to the account.
  5. Download the CashApp and link it to your phone number AND email.
  6. Link the CashApp to your Youth Spending Debit card and checking account.
  7. Attempt to transfer $25 from your debit card into your CashApp, assuming you have the money.
  8. Ask your guardian to fill in their SSN when prompted.
  9. Attempt to buy $20 in stock, ask your guardian to answer the questions.
  10. Go to the Bitcoin section and click to enable bitcoin deposit and withdraw.
  11. Ask your guardian to scan their license and take a selfie.
You can also apply for a CashCard which you can add to Google Pay, Android Pay, Garmin Pay, or whatever. Once all the verification are done (a day or two) you will be able to buy and sell US stocks and bitcoin in the app for a 2% fee. For all of these steps, questions about identity, name and address should all be answered as the guardian, not the minor. So the account name is in the name "Adult Smith" not "Minor Smith". Same with SSN and ID checks. You can choose to put your name on the face of the CashCard and Debit Card since this carries no legal weight. The accounts are all still legally in your parent's or guardian's name.
For even lower fees you could ask your parents or guardians to KYC through Binance, Kraken, Gemini or Coinbase to link your checking account to a real exchange.
For those with guardians or parents that would not agree to KYC for you, here are some non-KYC options, though the fees are much (much) higher than 2%.
Please remember that bitcon is easy to steal. Since minor's have limited standing in US courts, most exchanges don't want to deal with them. If you proceed there is a 100% chance that someone will try to scam you. Make sure you catch every scammer you encounter, or you will go broke fast.
Source: Bitcoin for Kids
submitted by brianddk to Bitcoin [link] [comments]

Binance BUYS CoinMarketCap... Binance Tutorial  ID & Face Verification Bitcoin Diamond Breakout?  Binance Jersey  This Chart Says Financial Crisis Is Imminent!! Bitcoin Halving Bull Run? Binance Launches Bitcoin Mining Pool - BitPay BUSD - Kim Jong Un BTC Stash Como Comprar BITCOIN en BINANCE con DINERO LOCAL ... BITCOIN BREAKOUT TODAY!!!  Binance Leverage Trading, Will Compete With Bybit & BitMEX How to: Buy Bitcoin/Cryptocurrency (Luno, Coinbase, Localbitcoin) ¡Increíble Hack de 7 mil Bitcoins a Binance solo costo 69$! How to Buy Cryptocurrency for Beginners (Ultimate Step-by ... How to SHORT or LONG Bitcoin with Leverage  BINANCE FUTURES TUTORIAL  EXPLAINED for Beginners

LocalBitcoins ist eine Online-Börse, die Bitcoin-Käufer und -Verkäufer innerhalb einer bestimmten geografischen Region miteinander verbindet. Die Website verwendet im Wesentlichen den Standort des Benutzers und den anderer Benutzer der Website, um Käufer und Verkäufer, die in einem geografischen Sinne nahe beieinander stehen, zusammenzubringen. Wer Bitcoin kaufen oder verkaufen will, muss ... Buy bitcoins using ️UPHOLD/ BINANCE ️ ONLINE 24/7 with US Dollar (USD) LocalBitcoins.com user fanatico17 wishes to sell bitcoins to you. Price: 13,712.39 USD / BTC. Payment method: ️UPHOLD/ BINANCE ️ ONLINE 24/7 User: fanatico17 (feedback score 100 %, see feedback) Trade limits: 10 - 78 USD. Location: Caracas, Capital District, Venezuela. Payment window: 1 hour 30 minutes. How much you ... Local.bitcoin.com is getting popular in China! 53 comments. share. save hide report. 87% Upvoted. This thread is archived . New comments cannot be posted and votes cannot be cast. Sort by. best. View discussions in 1 other community. level 1. 17 points · 7 months ago · edited 7 months ago. I'm still looking for a Chinese translator of the FindBitcoin.cash wallet text! It's easy (only 9 ... Binance went in to a defensive mode and decided mixing up different cases would settle the issue. (Binance had messed up again and I lost 3600 USDT, so they compensated me 1018 USDT) they told me they had already compensated me and that I shouldn’t ask for more. When I called them out on the fact that the cases weren’t related, they told me they weren’t going to give me the 12061.48 USDT ... Binance, the most prominent crypto exchange in the world in the cryptocurrency market, has just added to its new p2p trading platform, the fiat currencies of the countries with the most influential economies in all Latin America: Mexico, Brazil, Argentina, Colombia, and Peru.. With this move, they could be looking to take the first step to dethrone Localbitcoins from its place as the world’s ... Before this, a trader cannot buy crypto with fiat on Binance. You will have to buy bitcoin somewhere else, and send it to Binance to trade. With the Binance “Buy Crypto” feature, you can buy crypto directly in Binance with your local currency using a Master/Visa card and other payment methods. 3. Currencies and Payment Methods . Binance supports the above cryptocurrencies and its brokerage ... The Reddit account updates the BCH community every week with an adoption thread called “Merchant Monday – Because Bitcoin was meant to be spent.” Map.Bitcoin.com ‘s merchant directory ... Buy bitcoins using BINANCE with US Dollar (USD) LocalBitcoins.com user leoguiver wishes to sell bitcoins to you. Price: 13,550.72 USD / BTC. Payment method: BINANCE User: leoguiver (feedback score 100 %, see feedback) Trade limits: 20 - 200 USD. Location: Venezuela. Payment window: 1 hour 30 minutes. How much you wish to buy? USD. BTC. The smallest amount you can buy from this ad is 20.00 USD ... To top it all off, LBC only supports Bitcoin and has not improved in 8 years of being in existence. The support times (according to their own admins on reddit!) are 180 days! And if you get put on "Forced Holiday", a nice way to say "You're banned, thanks, we're gonna keep your money for 6 months and you won't get it back after that unless you ... But soon, it came tumbling down. Once the unhealthy section went, in its effort to survive and keep intact, America on-line re-branded itself and becomeBinance by introducing services like AIM,Binance LOCAL,Binance Video, News and plenty of additional. Time went,Binance faced the heights however tasted the failure too. Simply in recent years ...

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Binance BUYS CoinMarketCap...

Bitcoin Technical Analysis & Bitcoin News Today: Binance launches their FIAT to crypto exchange Binance Jersey, and I'll show you that the coming financial crisis might happen sooner rather than ... How About Buying This GPU? https://geni.us/iBTw0 Other "CoinMarketCap" Alternatives! Messari - https://messari.io/ Coin360 - https://coin360.com/ CoinGecko -... Puedes comprar BITCOIN con pesos en Colombia, México y Argentina y recibir los fondos en Binance para operar a través de Paxful Registro en Paxful: https:/... Check Out the UPDATED Version of this Ultimate Guide Here: https://youtu.be/sEtj34VMClU This video will teach you how to buy cryptocurrency for beginners ste... In this Binance tutorial, we walk you through the ID & Face Verification process which allows you to purchase cryptocurrency (xrp, btc, eth) on the platform. #Binance #BinanceTutorial # ... ripple, bitcoin bottom, bull run, should I buy bitcoin, digibyte, binance, basic attention token, btc, fomo, b1, what is eos, eos vs cardano, eos on coinbase, xphone, cardano shelley, brave ... Are you looking to buy Bitcoin/Cryptocurrencies? In this video I show you how to do that. There are different websites and exchanges that only allow certain countries to buy Bitcoin and ... Bitcoin Technical Analysis & Bitcoin News Today: Binance will launch Bitcoin leverage trading. This mean that Binance will compete with BitMEX and Bybit. Also, I'll use technical analysis on the ... Los mercados están bastante agitados con los tweets de Trump o por hacks y noticias inesperadas en el crypto y Bitcoin, en este caso un hackeo sopresivo al exchange binance, cobro mas de 7 mil ... Binance Pool’s first product offering will be Bitcoin mining, using a FPPS payment method. - BitPay Partners With Binance to Support BUSD Payments Around the World

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