Bitcoin Circuit: Official Website 2020 | BitcoinsCircuit.com

BitcoinAirdrops

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever. While bitcoin tokens on the original network can't be copied or counterfeited, the protocol is open source and can be recreated with different parameters. We call these Airdrops.
[link]

TiPS (FedoraCoin): The Official Subreddit!

TiPS (a.k.a. FedoraCoin) is a new state of the art cryptocoin based on the [Tips Fedora meme](http://knowyourmeme.com/memes/tips-fedora). Our objective is to become the tipping currency of the internet. More information is available in the [BitcoinTalk thread](https://bitcointalk.org/index.php?topic=1420302.0).
[link]

P2P Bitcoin Derivative Trading Through the Blockchain: Equities, Bonds, Forex & Commodities

Research & ideas to use [Veritaseum's UltraCoin](http://ultra-coin.com/) **user programmable Bitcoin swaps** to trade exposures to cryptos, forex, equities, bonds & commodities through 45,000+ global tickers & up to 10,000x price leverage - peer-to-peer. Veritaseum's UltraCoin is a software concern that holds no client funds and is not a financial entity, hence presents you with no counterparty or default risk. [Download the client & tutorials](http://ultra-coin.com/index.php/download-beta)
[link]

Download Bitcoin Revolution Software Online for your Profitability and Trading Success (current BTC/USD price is $9,737.02)

Latest Bitcoin News:
Download Bitcoin Revolution Software Online for your Profitability and Trading Success
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
submitted by coinsaladcom to CoinSalad [link] [comments]

After a heap of testing we have finally launched the Vaultoro API, anyone can now build apps like wallets, charting software, trading bots and price widgets on top of the Vaultoro bitcoin gold trading platform. This API is another step towards a true fiat exit by pricing BTC in Gold and not fiat.

After a heap of testing we have finally launched the Vaultoro API, anyone can now build apps like wallets, charting software, trading bots and price widgets on top of the Vaultoro bitcoin gold trading platform. This API is another step towards a true fiat exit by pricing BTC in Gold and not fiat. submitted by Vaultoro to Bitcoin [link] [comments]

FIFO software / BTC trading /r/Bitcoin

FIFO software / BTC trading /Bitcoin submitted by SimilarAdvantage to BitcoinAll [link] [comments]

ETHBOT LTD LAUNCHES THE FIRST AUTOMATED CRYPTOCURRENCY TRADING SOFTWARE THAT FOCUS... #bitcoin #btc #ico https://t.co/MySNwqIgyY - Crypto Insider Info - Whales's

Posted at: March 18, 2018 at 09:50AM
By:
ETHBOT LTD LAUNCHES THE FIRST AUTOMATED CRYPTOCURRENCY TRADING SOFTWARE THAT FOCUS... #bitcoin #btc #ico https://t.co/MySNwqIgyY
Automate your Trading via Crypto Bot : http://ift.tt/2EU8PEX
Join Telegram Channel for FREE Crypto Bot: Crypto Signal
submitted by cryptotradingbot to cryptobots [link] [comments]

Over the long term, we should expect miners to become increasingly sophisticated operations, offering a range of bitcoin-related services, such as trading, blockchain services, etc., as well as their own *software development teams* /r/btc

Over the long term, we should expect miners to become increasingly sophisticated operations, offering a range of bitcoin-related services, such as trading, blockchain services, etc., as well as their own *software development teams* /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

BTC China Rebrands Centrabit’s Trading Software, QT Bitcoin Trader

submitted by hajuugu to Bitcoin [link] [comments]

Bitcoin auto trade software for bittrex api (buy,sale) with your parameters. Choise your profit percent size and click start.... 0.025 BTC for license ... /r/btc

Bitcoin auto trade software for bittrex api (buy,sale) with your parameters. Choise your profit percent size and click start.... 0.025 BTC for license ... /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[uncensored-r/btc] Bitcoin auto trade software for bittrex api (buy,sale) with your parameters. Choise your profit p...

The following post by Batuhanz is being replicated because the post has been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ btc/comments/7j6doy
The original post's content was as follows:
https://i.redd.it/8tdofshhod301.jpg
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

@almost 10bucks USD a share trades in BTC - Bitcoin and this is software legit currency. Based on P2P share exchange. As the world turns currency does too. This is a digital world, now them paper and plastic money seems like a thing of the past. see also http://bitcoin.org

submitted by xdrakermithken to reddit.com [link] [comments]

Updated list of Global Beermoney opportunities (+180!) - June 2020

Updated list of Global Beermoney opportunities (+180!) - June 2020

Introduction

The current, and now previous, Beermoney Global list started nearly 5 years ago. It’s been updated and has grown over all that time, but it also became a hassle to keep current. It was time to build a new list from scratch based on my experience in the Beermoney world over all these years and all the contributions all of you have been making in this sub.
The lists consist of opportunities that are available in at least one country that is not the US. This means there are sites which only work in Canada or the UK. There’s sites which are open to the whole world, but this does not mean everyone can really earn something on it. It’s all still very demographic and therefore location dependent. This list should give you a starting point to try out and find what works for you. I’m not using everything myself as I prefer to focus on a few, so not all are tested by me. They are found in this sub, other subreddits and other resources where people claim to have success.
I’ve chosen the format of a simple table with the bare minimum of information to keep things clean. It includes a link, how you earn, personal payment proof if available and sign-up bonus codes if applicable. Some of these bonuses are also one-time use codes specifically made for this sub! For the ones I don’t have payment proof (yet) feel free to provide some as a comment or via modmail so others know it’s legit. I am working on detailed instructions for each method that I personally use which will include things like cashout minimum, cashout options, tips & tricks,... For now I’ve split things up based on the type of earning like passive or mobile. Because of this there’s sometimes an overlap as some are both passive and on mobile or both earning crypto and a GPT (Get Paid To) website.
The lists are obviously not complete so I invite you to keep posting new ones in the sub, as a comment to this post, or in modmail. Especially if you have sites or apps which work for one single specific country I can start building a list, just like I did for The Netherlands and Belgium. If you recognize things which are in fact scams or not worth it let me know as well.

Beermoney opportunities

Get Paid To (Surveys, tasks, offers, videos, clicking links, play games, searching)
Register here How to earn Payment proof Sign-up bonus code
ySense - The best global site Surveys, tasks, offers, videos Paypal /
PrizeRebel Surveys, tasks, offers, videos Paypal Enter code 'beermoneyglobal'
SerpClix Google searching Paypal /
Swagbucks & SwagButton Surveys, tasks, offers, videos, shopping & cashback, games, apps Paypal /
GG2U Surveys, tasks, offers, videos Pending $1.00 if register here
Keep Rewarding Surveys, tasks, offers, videos, PTC Pending $0.25 if register here
Ebesucher Surfing, reading mails Bank transfer /
Reward XP Surveys, tasks, offers, videos Pending $0.50 if register here
Gain.gg Surveys, tasks, offers, videos Paypal $0.10 if register here
Timebucks Surveys, tasks, offers, videos, Tik Tok, Shopping Pending $1.00 if register here
GamerMine Surveys, offers, videos, tasks, Pending $1.00 if register here
Gamehag Tasks, offers, play games, post on forum, writing Pending /
BTCSurveys Surveys Pending /
FruitLab Watch & upload video game clips Pending 100 pips if register here
Clickworker Transcripts, tasks, UHRS (categorizing), surveys Paypal /
FreeSkins Surveys, offers, tasks, videos Pending 100 coins if register here
iRazoo Games, surveys, videos, offers, apps Pending Enter code 'AK7DB2' for 500 points when signing up
EarnCrypto Data entry, surveys, offers, tasks, videos, games, apps Pending /
Blockreward Apps, surveys, videos, tasks, offers Pending $2.00 if register here and earn 20000b + $2.00 if earn 10000b within 30 days
PaidViewPoint Surveys Pending /
GrabPoints Suverys, videos, offers, games, apps Pending 500 points if register here
RewardingWays Surveys, offers, tasks, videos, contests Pending $0.20 if register here
SuperPay Surveys, offers, tasks, videos, contests Pending $0.20 if register here
InstaGC Surveys, tasks, videos, apps Pending /
GiftHunterClub Surveys, offers, videos, apps, games Pending $0.75 if register here
Idle-Empire Surveys, offers, videos, mining, apps, games Pending 500 points if register here
PicoWorkers Tasks, games, apps Pending /
ViewFruit Surveys Pending /
Mobrog (change language if needed) Surveys Pending /
Surveytime Surveys Pending /
Giveaway Pros Offers, videos Pending /
SEO Sprint (Russian, use Google Translate) Tasks Pending /
Earnhoney Surveys, tasks, offers, videos Pending /
Toluna Surveys Pending /
Spidermetrix Surveys Pending /
BeerSurveys Surveys, tasks, offers Pending /
CrowdHolding Co-create with startups Pending /
Diaworkers Tasks Pending /
Presearch Search & Earn Pending /
Univox Community Surveys Pending /
YouGov Surveys Pending /
Spare5 Tasks Paypal /
Rewardia Surveys, polls, games, videos, puzzles, trivia Pending 3000 points extra (when you earn 3000 points) if register here
Earnably Surveys, tasks, offers, videos Pending /
Neevo Tasks Pending /
Rakuten Insight (country specific links) Surveys Pending /
The Panel Station Surveys Pending /
Remotasks Tasks Pending /
Pureprofile Surveys Pending /
UserCrowd Tasks PayPal /
Sruvey Village Surveys Pending /
InboxDollars/InboxPounds Surveys, offers, videos, shopping Pending /
Qmee Surveys Pending /
MicroWorkers Tasks Pending /
Cinchbucks Surveys, offers, tasks, videos Pending /
Rewards1 Suverys, videos, offers, games, apps, polls, contests Pending /
Vindale Surveys Pending /
PointClub Surveys Pending /
TGM Panel Surveys Pending /
PaidPoints Tasks, offers, traffic exchange, ad clicking Pending /
RapidWorkers Tasks Pending /
AnyTask Sell your skills Pending /
Bounty0x Tasks Pending /
Opinion World Surveys Pending /
Lifepoints Surveys Pending /
Passive (desktop & mobile)
Register here How to earn Payment proof Sign-up bonus code
HoneyGain Desktop & mobile phone bandwith sharing (wifi + data) Paypal $5.00 if register here
FluidStack Desktop bandwith sharing (Linux needed) Paypal /
PacketStream Desktop bandwith sharing Pending /
LoadTeam CPU power sharing Pending $0.20 if register here
Gener8 Browser extension Pending 10 tokens if register here
Kryptex Crypto mining Pending /
Ebesucher Surfing, reading mails Bank transfer /
Honeyminer Mining Pending 1000 satoshis if register here
LazyBucks Rent out your Facebook account Pending /
HideoutTV and link to Reward XP to cashout Videos Pending /
Honey Discounts & Cashback / 500 Honey Gold if register here
Fitplay Games Pending $0.33 if register here
Mistplay Games Pending /
Money SMS Receive SMS Pending /
McMoney Receive SMS Pending $0.22 if using code '60LGG3PR'
SMS Profit Net Receive SMS Pending /
Simcash Send SMS [risky] Pending /
Cash4sms Send [risky] & receive SMS Pending /
ControlMySMS Receive SMS Pending /
Birdchain Send SMS [risky] Pending /
Sweatcoin Walking Pending /
COIN Explore Pending 1000 coins if register here
Panel App Surveys, location sharing Pending /
Phoneum Games, mining Pending /
Crypto (faucets, mining, GPT)
Register here How to earn Payment proof Sign-up bonus code
Cointiply Faucet, surveys, tasks, offers, videos Bitcoin Enter code 'beermoneyglobal'
FreeBitcoin Faucet, lottery, betting, passive interest Bitcoin /
AdBTC Click ads, active window surfing, autosurfing Pending /
Faucetpay Faucet Wallet, exchange, offers, tasks, trading Pending /
Faucet Crypto Faucet, ads clicking, offers, shortlinks Pending /
More Money Faucet, ads clicking, offers, shortlinks Pending /
Kryptex Crypto mining Pending /
Quicrypto Surveys, tasks, offers, games, videos Pending /
Coinpot Faucet Bitcoin /
Honeyminer Mining Pending 1000 satoshis if register here
BitShark Faucet, games Pending /
Publish0x Read & write articles Pending /
Starbits Faucet (need FaucetPay account) Pending /
Coinpayu Ads clicking, videos, offers Pending /
BTCSurveys Surveys Pending /
Blockreward Apps, surveys, videos Pending $2.00 if register here and earn 20000b + $2.00 if earn 10000b within 30 days
Coinbase Crypto sign-up bonuses Bank transfer See links in thread
LBRY.tv Watch videos Pending /
Pi Network Crypto mining Pending (see here) To join you need a referral link
EarnCrypto Data entry, surveys, offers, tasks, videos, games, apps Pending /
Phoneum Games, mining Pending /
Mobile
Register here How to earn Payment proof Sign-up bonus code
Cointiply Faucet, surveys, tasks, offers, videos Bitcoin Enter code 'beermoneyglobal'
HoneyGain Desktop & mobile phone bandwith sharing (wifi + data) Paypal $5.00 if register here
Google Opinion Rewards Surveys Play Store credit /
FreeBitcoin Faucet, lottery, betting, passive interest Bitcoin /
AppKarma Games, quizes, surveys Pending Enter code 'Proim' for 300 points when signing up
CashKarma Surveys, offers, games Pending Enter code 'Proim' for 300 points when signing up
Cash Alarm Games Pending Receive 25% of my earnings if register here
Cash Magnet Games, offers, tasks, videos Pending /
AttaPoll Surveys Pending /
ClipClaps Videos, games, raffles PayPall $1.00 & Diamond Chest if register here
Quicrypto Surveys, tasks, offers, games, videos Pending /
Poll Pay Surveys Pending $0.30 if using code '4CS6L4SQ8D' when signing up
BuzzBreak Read news, videos, offers, surveys Pending Enter code 'B06472489' when signing up
Userlytics Software testing Pending /
WowApp Games, offers, surveys, videos, chat, phone unlock, calling, cashback, shopping cashback, browsing, news reading Pending /
CuriousCat Surveys Pending /
Quickthoughts Surveys Pending /
Fitplay Games Pending $0.33 if register here
TV-Two Make Money Apps, games, Youtube, browsing Pending 555 credits if register here
Mistplay Games Pending /
FeaturePoints Suveys, offers, apps, cashback Pending 50 points if register here
Money SMS Receive SMS Pending /
BIGtoken Suveys, location sharing, social media account Pending Use code 'GMGALLOIA'
McMoney Receive SMS Pending $0.22 if using code '60LGG3PR'
Pi Network Crypto mining Pending (see here) To join you need a referral link
Roamler Mystery shopping Pending /
SMS Profit Net Receive SMS Pending /
Streetbees Surveys, tasks, create videos, take pictures Pending Enter code '6115GF' when signing up
Simcash Send SMS [risky] Pending /
VoxPopMe Video feedback Pending /
Cash4sms Send [risky] & receive SMS Pending /
Citizen Me Surveys Pending /
ControlMySMS Receive SMS Pending /
Birdchain Send SMS [risky] Pending /
Sweatcoin Walking Pending /
COIN Explore Pending 1000 coins if register here
Panel App Surveys, location sharing Pending /
GiftHunterClub Surveys, offers, videos, apps, games Pending $0.75 if register here
Phoneum Games, mining Pending /
Research
Register here How to earn Payment proof Sign-up bonus code
Respondent Interviews, research, surveys Pending /
Prolific Surveys, research Paypal /
User testing
Register here How to earn Payment proof Sign-up bonus code
TestingTime Software testing Pending /
uTest Software testing Pending /
PingPong Software testing Pending /
TryMyUI Software/UI testing Pending /
Testbirds Software/UI testing Pending /
Pulselabs Voice app testing Pending /
PlaytestCloud Game testing Pending /
Userlytics Software testing Pending /
Investing (revenue share)
Register here How to earn Payment proof Sign-up bonus code
PaidVerts Ad clicking, offers, revenue sharing Bitcoin /
MyTrafficValue Games, investing PayPal /
Selling (designs on merchandise, skills/gigs)
Register here How to earn Payment proof Sign-up bonus code
Fiverr Sell your skills Pending 20% off on first purchase if register here
Redbubble Sell your designs Pending /
Zeerk Sell your skills Pending /
TeePublic Sell your designs Pending /
Teespring Sell your designs Pending /
Transcribing/Translating
Register here How to earn Payment proof Sign-up bonus code
Rev Transcribing, captioning, foreign subtitles Pending /
Gotranscript Transcribing, translating captioning, foreign subtitles Pending /
TranscribeMe Transcribing, translating, data annotation Pending /
Unbabel Translating Pending /
Others
Register here How to earn Payment proof Sign-up bonus code
Wealthy Affiliate Learn affiliate marketing Pending /
Brave Brows internet Pending /
Andromo Develop apps Pending /
The Netherlands specific
For The Netherlands there are a few very good options next to a bunch of ‘spaarprogramma’s. There ‘spaarprogramma’s are all the same where you receive and click a bunch of e-mails, advertisements, banners,... I advise you to create a separate e-mail address or use a good filter in your inbox as you will be spammed to death. I believe they can be a nice piece of beermoney but they take quite the effort.
Register here How to earn Payment proof Sign-up bonus code
Euroclix Surveys, shopping & cashback, offers, energy/internet providers Bank transfer €1.95 if register here
StemPunt Surveys Gift cards 500 points if register here
Cashback XL Shopping cashback, health insurance discount Bank transfer /
Scoupy Shopping cashback, free products Pending /
Cashback Korting Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €7.50 if register here
Lady Cashback Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €7.50 if register here
Enqueteclub Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €7.50 if register here
Snel Verdienen Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €2.50 if register here
Spaar Actief Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.00 if register here
Klik Je Zakgeld Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.00 if register here
Zinngeld Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €0.10 if register here
My Clics Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.25 if register here
Direct Verdiend Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €2.00 if register here
Spaar4Cash Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.50 if register here
Qassa Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending /
My Flavours Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.00 if register here
Cash Ze Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.00 if register here
Geld Race Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.25 if register here
iPay Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.25 if register here
Double Points Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €2.00 if register here
Mailbeurs Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.50 if register here
Qlics Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.25 if register here
Centmail Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.50 if register here
Extra Euro Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.25 if register here
Gekken Goud Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.00 if register here
Dutch Euro Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.50 if register here
Nu Cash Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.00 if register
Snel Euro Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.00 if register here
Cash Hier Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.50 if register here
Betaalde Mails Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €2.00 if register here
Goudmails Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.00 if register here
Online Cashen Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.00 if register here
Crazy Mails Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.00 if register here
Cash Paradijs Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.00 if register here
Smart Clix Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €5.00 if register here
24/7 Discount Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending /
Beetje Zakgeld Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.25 if register here
Geldmolen Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.75 if register here
Online Zakcentje Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.50 if register here
Geldcircus Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €0.75 if register here
Lady Clix Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €0.99 if register here
Geldwolf Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.00 if register here
Zilvervloot Read mails, click banners, shopping cashback, shopping deals, compare (GWL, data, internet, tv, insurances), offers, surveys Pending €1.00 if register here
Belgium specific
Register here How to earn Payment proof Sign-up bonus code
Buffl Surveys Gift cards /

Sign-up bonuses

The one-time sign-up bonus programs are still to be found here. If you find a new one let me know so I can create the post to keep all the ref links together.

Saving money

Although it’s not really about making money online, it’s still nice to save some money as well when shopping online.
Register here How to earn Payment proof Sign-up bonus code
Honey Discounts & Cashback / 500 Honey Gold if register here
G2A Game keys / /
Kinguin Game keys / /
Allkeyshop Game keys / /
AliExpress Save on online shopping / $24 coupons if register here
Gearbest Save on online shopping / /

Other subs & resources

submitted by Proim to beermoneyglobal [link] [comments]

Bitcoin Hacks & basic ways to protect your Crypto

Interest in Bitcoin is increasing globally. More and more people are willing to participate in Bitcoin trading and mining. However, Bitcoin history shows that it is not always as safe as we would like it to be. Let’s take a look at some major Bitcoin hacks.

Allinvain

Allinvain is a nickname of a user on BitcoinTalk forums. Basically, he was the first one to experience a major Bitcoin loss. He lost 25,000 bitcoins, all together it was worth around $500,000. The user believed that someone hacked into his computer to steal BTC.

Mt Gox

Shortly after Allinvain’s case, the next hack attempt happened. Mt Gox was one of the biggest exchanges that provided a trade between Bitcoin and fiat money. Hackers compromised its website and started to sell Bitcoins. Their actions made the price go down dramatically. However, attackers did not pay attention to the $1000 limit Mt Gox had. Nonetheless, that hack attack had an important influence on BTC.

Other exchanges

Exchanges are being attacked by hackers quite often.
In 2012 Bitfloor suffered a terrible attack and lost 24,000 BTC (around $250,000). Unfortunately, this exchange was not able to survive the attack and was closed in 2013.
In 2015 Bitstamp exchange was hacked. It lost approximately 19,000 BTC (around $5 million).
In 2016 Bitfinex also lost 120,000 BTC (around $77 million) to hackers.

Twitter hack

The last attack happened in one of the biggest social nets. Twitter became a part of the latest attackers’ actions. The most significant and world-famous accounts promoted Bitcoin scam for several hours.

Anti-hack protection

The most important question is how to protect your Bitcoin savings from upcoming attacks. Here are some basic things that may help you to be safe:
Even though there is no way to be a hundred percent safe, there are a lot of steps we can take to avoid unfortunate losses. Cryptocurrency services are improving their protection systems all the time, and we all should do what we can to make this network more secure.
submitted by SimpleSwapExchange to BitcoinMarkets [link] [comments]

/r/Monero Weekly Discussion – July 11, 2020 - Use this thread for general chatter, basic questions, and if you're new to Monero

Index

  1. General questions
  2. Wallet: CLI & GUI
  3. Wallet: Ledger
  4. Nodes

1. General questions

Where can I download the Monero wallet?

There are multiple Monero wallets for a wide range of devices at your disposal. Check the table below for details and download links. Attention: for extra security make sure to calculate and compare the checksum of your downloaded files when possible.
Please note the following usage of the labels:
⚠️ - Relatively new and/or beta. Use wallet with caution.
☢️ - Closed source.

Desktop wallets

Wallet Device Description Download link
"Official" GUI / CLI Windows, macOS, Linux Default implementation maintained by the core team. Use this wallet to run a full node and obtain maximum privacy. Integrates with hardware wallets. Current version: 0.15.0.1 / 0.15.0.4. GetMonero.org
MyMonero Windows, macOS, Linux Lightweight wallet -- you don't need to download the blockchain and run a node. MyMonero was developed with the assistance of the core team. It also has web-based and iOS versions. MyMonero.com
Exodus Windows, macOS, Linux ⚠️ / Multi-asset wallet. Exodus.io
ZelCore Windows, macOS, Linux ⚠️ / Multi-asset wallet. It also has Android and iOS versions. Zeltrez.io
Guarda Windows, macOS, Linux ⚠️ ☢️ / Multi-asset wallet. Guarda.co

Mobile wallets

Wallet Device Description Download link
Monerujo Android Integrates with Ledger (hardware wallet). Website: https://www.monerujo.io/. Google Play / F-Droid / GitHub
MyMonero iOS Website: https://mymonero.com/ App Store
Cake Wallet iOS Website: https://cakewallet.io/ App Store
X Wallet iOS Website: https://xwallet.tech/ App Store
Edge Wallet Android / iOS Multi-asset wallet. Website: https://edge.app/ Google Play / App Store
ZelCore Android / iOS ⚠️ / Multi-asset wallet. Website: https://zelcore.io/ Google Play / App Store
Coinomi Android / iOS ⚠️ ☢️ / Multi-asset wallet. Website: https://www.coinomi.com/ Google Play / App Store
Moxi / Guarda Android / iOS ⚠️ ☢️ / Multi-asset wallet. Website: https://guarda.co/ Google Play / App Store
Exa Wallet Android / iOS ⚠️ Website: https://exan.tech/ Google Play / App Store
Wookey Wallet Android / iOS ⚠️ Website: https://wallet.wookey.io/ Google Play / F-Droid / App Store
Exodus Android / iOS ⚠️ / Multi-asset wallet. Website: https://www.exodus.io/monero/) Google Play / [App Store](https://apps.apple.com/app/exodus-crypto-wallet/id1414384820

Web-based wallets

Wallet Description Link
MyMonero Web version of the MyMonero wallet. Web
XMRWallet Web wallet with TOR support. Web / Onion URL
Guarda Multi-asset wallet. Web

How long does it take for my balance to unlock?

Your balance is unlocked after 10 confirmations (which means 10 mined blocks). A block is mined approximately every two minutes on the Monero network, so that would be around 20 minutes.

How can I prove that I sent a payment?

The fastest and most direct way is by using the ExploreMonero blockchain explorer. You will need to recover the transaction key from your wallet (complete guide for GUI / CLI).

How do I buy Monero (XMR) with Bitcoin (BTC)?

There are dozens of exchanges that trade Monero against Bitcoin and other cryptocurrencies. Check out the list on CoinMarketCap and choose the option that suits you best.

How do I buy Monero (XMR) with fiat?

How can I quickly exchange my Monero (XMR) for Bitcoin (BTC)?

There are multiple ways to exchange your Monero for Bitcoin, but first of all, I'd like to remind you that if you really want to do your part for Monero, one of the simplest ways is to get in touch with your merchant/service provider and request for it to accept Monero directly as payment. Ask the service provider to visit the official website and our communication channels if he or she needs help with system integration.
That being said, the community has been recommending two services in particular, XMR.TO and MorphToken. These services are only recommendations and are operated by entities outside the control of the Monero Project. Be diligent.

How do I mine Monero? And other mining questions.

The correct place to ask questions and discuss the Monero mining scene is in the dedicated subreddit MoneroMining. That being said, you can find a list of pools and available mining software in the GetMonero.org website.

2. Wallet: CLI & GUI

Why I can't see my balance? Where is my XMR?

Before any action there are two things to check:
  1. Are you using the latest available version of the wallet? A new version is released roughly every 6 months, so make sure you're using the current release (compare the release on GetMonero.org with your wallet's version on Settings, under Debug info).
  2. Is your wallet fully synchronized? If it isn't, wait the sync to complete.
Because Monero is different from Bitcoin, wallet synchronization is not instant. The software needs to synchronize the blockchain and use your private keys to identify your transactions. Check in the lower left corner (GUI) if the wallet is synchronized.
You can't send transactions and your balance might be wrong or unavailable if the wallet is not synced with the network. So please wait.
If this is not a sufficient answer for your case and you're looking for more information, please see this answer on StackExchange.

How do I upgrade my wallet to the newest version?

This question is beautifully answered on StackExchange.

Why does it take so long to sync the wallet [for the first time]?

You have decided to use Monero's wallet and run a local node. Congratulations! You have chosen the safest and most secure option for your privacy, but unfortunately this has an initial cost. The first reason for the slowness is that you will need to download the entire blockchain, which is considerably heavy (+70 GB) and constantly growing. There are technologies being implemented in Monero to slow this growth, however it is inevitable to make this initial download to run a full node. Consider syncing to a device that has an SSD instead of an HDD, as this greatly impacts the speed of synchronization.
Now that the blockchain is on your computer, the next time you run the wallet you only need to download new blocks, which should take seconds or minutes (depending on how often you use the wallet).

I don't want to download the blockchain, how can I skip that?

The way to skip downloading the blockchain is connecting your wallet to a public remote node. You can follow this guide on how to set it up. You can find a list of public remote nodes on MoneroWorld.
Be advised that when using a public remote node you lose some of your privacy. A public remote node is able to identify your IP and opens up a range for certain attacks that further diminish your privacy. A remote node can't see your balance and it can't spend your XMR.

How do I restore my wallet from the mnemonic seed or from the keys?

To restore your wallet with the 25 word mnemonic seed, please see this guide.
To restore your wallet with your keys, please see this guide.

3. Wallet: Ledger

How do I generate a Ledger Monero Wallet with the GUI or CLI?

This question is beautifully answered on StackExchange. Check this page for the GUI instructions, and this page for the CLI instructions.

4. Nodes

How can my local node become a public remote node?

If you want to support other Monero users by making your node public, you can follow the instructions on MoneroWorld, under the section "How To Include Your Node On Moneroworld".

How can I connect my node via Tor?

This question is beautifully answered on StackExchange.
submitted by AutoModerator to Monero [link] [comments]

Welcome to the Official Energi Cryptocurrency Reddit!

Welcome to the Official Energi Cryptocurrency Reddit!

https://preview.redd.it/mymfi39kf2c51.png?width=200&format=png&auto=webp&s=71c90d32c9bf87dbd393e85bbeedb753e202a5b0
Below you will find a Table of Contents that will cover all the fundamentals of the cryptocurrency.

Table of Contents

  1. What is Energi?
  2. What are the Fundamentals of Energi?
    1. Scalability
    2. Funding
    3. Governance
    4. Inflation
    5. Distribution
    6. Decentralization
    7. Long Term Vision
  3. Coin Specs
  4. How to Get Started
    1. Official Energi Website
    2. Social Media
    3. Exchanges
    4. Energi Block Explorers
    5. Wallet Downloads
    6. Proof-of-Stake Setup Guides
    7. Masternode Setup Guide
  5. FAQ

1. What is Energi

Energi is a self-funding (no ICO and no premine) cryptocurrency that has a purpose to become the world’s leading cryptocurrency with the unification of Smart Contracts, Governance and Self-funding Treasury to ensure longevity and enable rapid growth. You can read more about why we decided to self-fund and chose not to conduct an ICO here.
Energi provides a small allocation to Proof-of-Stake (PoS) rewards, takes a bulk of the coin issuance and gives it to its treasury and active Masternodes. Energi also allocates 10% on-going reward to the leadership of the Energi Backbone, which is significantly less compared to today’s ICOs’ rewarding their founders between 20–50% of the tokens distributed. Another trait that sets Energi apart from ICOs is they give an on-going 10% allocation through each block reward, rather than rewarding the founders up-front.

2. What are the Fundamentals of Energi?

  • Scalability
1 minute block times and a 2 megabyte block size limit provide Energi with a vast transaction capacity for regular on-chain transactions. This allows for plenty of space on the blockchain for extremely fast transactions with very low fees.
Energi features a powerful on-chain scaling solution with a system of incentivized full nodes called Energi Masternodes. A Masternode is a full node backed by 1,000 NRG collateral that provides level 2 scalability to the Energi Cryptocurrency. 40% of the emissions of Energi is allocated to Masternodes, providing an extremely strong incentive to grow the number of full nodes and scalability of the network.

  • Funding
A key feature of Energi is its powerful treasury system. Energi makes up to 40% of the emissions available to the treasury, to be utilized in a manner that provides maximum benefit.
Treasury allocation is decentralized, allowing for submitted proposals from anyone, to be voted on by Masternodes and paid out from the emissions.
Energi has a 14 day treasury cycle, allowing quick payments for proposal authors and contributors, as well as strategic responsiveness to effective proposals. Energi is guided by the principle that every dollar spent from its funding model should yield more than one dollar of value in return. Thanks to a 14 day treasury cycle, the Energi team is able to measure results and respond quickly to changes in strategy.

  • Governance
The Energi Treasury is a decentralized governance model designed with Masternodes as caretakers, with voting rights on how to best utilize treasury funding.
This governance model reduces risk by allowing participation from everyone who holds 1,000 NRG as a Masternode. In this way, the Energi community can work together on how to best build the strategic direction of Energi.

  • Inflation
Energi Cryptocurrency has a simple rate of inflation at 1 million coins per month with no maximum cap. This ensures consistency in funding allocation, Masternode rewards, and PoS rewards, making the economics of the cryptocurrency more understandable for everyone who chooses to participate in Energi.
No coin supply limit ensures that Energi is prepared for the long term, avoiding “bubble” economics caused by dramatic early inflation that in most coins only serves to benefit founders ahead of increased adoption.

  • Distribution
Energi conducted a fair launch on April 14, 2018 with no ICO and no premine. Prior to launch, the Energi team gave a specific time and date for the launch of its main net, which its vibrant community eagerly awaited, so that mining could begin fairly, again avoiding centralization among the coin founders (It's important to note that Energi has transitioned from Proof-of-Work consensus to a Proof-of-Stake consensus).
Energi Masternode payments were designed to begin at block 216000, which occurred on September 18, 2018, almost 160 days after launch. This ensured time to list Energi on exchanges, and to grow the community, encouraging fair and equitable distribution before the extremely powerful Masternode rewards began. It is all too common for Masternode coins to feature a premine, which has the effect of centralizing distribution among the founders and early adopters.
From 2018 to 2020, Energi distributed nearly 4 million coins to users who contributed to spreading awareness of the project with social media activities about Energi, such as tweets, follows, and subscriptions on all major social media platforms.

  • Decentralization
Decentralized governance with Masternodes helps to ensure everyone is able to participate in Energi and help guide the project to achieve the best results. The change to the requirement to run a Masternode, from 10 000 NRG to 1 000 NRG, has allowed more people to be involved and boosted decentralization for the whole project.

  • Long Term Vision
All of the above features seamlessly work together in concert, to ensure that Energi is prepared for the long term. Rather than try to closely find a niche in the market, Energi is prepared to adapt and overcome all challenges for many years to come. Energi’s use case is that of a traditional cryptocurrency, such as Bitcoin. However, Energi’s strategy is to excel by avoiding the pitfalls of previous projects, while further utilizing and improving upon the most powerful ideas in the cryptocurrency space.

3. Coin Specs

Ticker: NRG
Block time: 1 minute.
Hashing Algorithm: Dagger-Hashimoto (similar to Ethereum).
Masternode requirements: 1,000 Energi.
Treasury cycle: Every 14 days.
Approximately 1 million Energi will be released per month. The allocations can be observed easily as “10/10/40/40.”
10% will go to the Energi Backbone.
10% to the PoS participants
40% to Masternodes.
40% to the Treasury.
Thus, for every block, allocations are: 2.28 Energi to the Backbone, 2.28 Energi to the PoS participants, 9.14 Energi to the Treasury, and 9.14 Energi to Masternodes.
Since Treasury allocations are paid in two-week cycles, they are made in lump sums of approximately 184,000 Energi every 14 days.
In order to allow for widespread distribution of Energi before Masternode payments began, Masternode rewards were delayed until day 150. This was to allow the airdrop campaign to be completed and ensure a large amount of NRG is spread out through the community. Until that point, Masternode rewards were redirected to the Treasury. Thus for the first 5 months, the Treasury gained approximately 368,000 Energi every two weeks (about 800k Energi per month). The airdrop campaign was designed to release ~4 million Energi to the community.

4. How to Get Started

  • Energi Official Website
https://www.energi.world/

  • Social Media
Bitcointalk: https://bitcointalk.org/index.php?topic=4912743
Discord: https://discordapp.com/invite/sCtgNC3
Facebook: https://www.facebook.com/energicrypto/
Github: https://github.com/energicryptocurrency
LinkedIn: https://www.linkedin.com/company/energi-core/
Medium: https://medium.com/energi
Publish 0x: https://www.publish0x.com/@energi
Reddit: https://www.reddit.com/energicryptocurrency/
Steemit: https://steemit.com/@energi
Telegram: https://t.me/energicrypto
Telegram Announcement: https://t.me/energiannouncements
Twitter: https://twitter.com/Energicrypto
YouTube: https://www.youtube.com/channel/UCCABQly0NNR2j_M_iDpy8mA/

  • Exchanges
DigiFinex: https://www.digifinex.com/trade/BTC/NRG
KuCoin - BTC: https://www.kucoin.com/trade/NRG-BTC
KuCoin - ETH: https://www.kucoin.com/trade/NRG-ETH
HitBTC - BTC: https://hitbtc.com/NRG-to-BTC
BitBNs - INR: https://bitbns.com/trade/#/nrg
Mercatox - BTC: https://mercatox.com/exchange/NRG/BTC
Mercatox - TUSD: https://mercatox.com/exchange/NRG/BTC
Bithumb - BTC: https://www.bithumb.pro/en-us/spot/trade?q=NRG-BTC
Bithumb - USDT: https://www.bithumb.pro/en-us/spot/trade?q=NRG-USDT
Citex - BTC: https://trade.citex.co.ktrade/NRG_BTC
Citex - USDT: https://trade.citex.co.ktrade/NRG_USDT
Beaxy - BTC: https://www.beaxy.com/trading-paiNRG-BTC
CoinAll - USDT: https://www.coinall.com/spot/full#product=nrg_usdt
WhiteBit - BTC: https://whitebit.com/trade/NRG_BTC
HitBTC - BTC: https://hitbtc.com/exchange/NRG-to-BTC

  • Energi Block Explorers
Gen 3 Explorer: https://explorer.energi.network/
Gen 3 Calculator: https://nexus.energi.network/reward-calculator
Gen 2 Explorer: https://explorer.gen2.energi.network/

  • Wallet Downloads
Gen 3 - MyEnergiWallet: https://docs.energi.software/en/downloads/myenergiwallet
Gen 3 - Core Node: https://docs.energi.software/en/downloads/core-node

  • Proof-of-Stake Setup Guides
https://docs.energi.software/en/staking-guide

  • Masternode Setup Guide
https://docs.energi.software/en/Masternode-guide

5. FAQs

Gen 3 Wiki: https://docs.energi.software/en/home
General: https://docs.energi.software/en/faq/general
Core Node Sync: https://docs.energi.software/en/core-node-troubleshoot
Keystore: https://docs.energi.software/en/faq/keystore
Masternode: https://docs.energi.software/en/faq/Masternode
Migration: https://docs.energi.software/en/faq/migration
Security: https://docs.energi.software/en/faq/security
Staking: https://docs.energi.software/en/faq/staking
submitted by energicrypto to energicryptocurrency [link] [comments]

As awareness is increasing for Quant after recent announcements, here is an overview and links to find more info about this fantastic project

As awareness is increasing for Quant after recent announcements, here is an overview and links to find more info about this fantastic project
1/ As awareness is increasing for @quant_network after recent announcements I encourage everyone to see the thread below providing more details around the project. Excellent Team, Tech, Use cases, Tokenomics, Partners has it all.
https://preview.redd.it/usj6bepzvz751.png?width=1345&format=png&auto=webp&s=bf859c622fcf2fdebf9c1be24b369e7a8312119d
2/ Quant’s Overledger Blockchain Operating System not only provides interoperability between all the leading Enterprise and Public Blockchains but also connecting the world’s networks to blockchain with just 3 lines of code.
https://preview.redd.it/1tf32qb1wz751.png?width=1200&format=png&auto=webp&s=f6d7c437d5b764916fab8fdfefe787ad2afce38f
3/ Unlike other solutions, Overledger solves interoperability at scale without the overhead/bottleneck/single point of failure of adding another blockchain in the middle, nor does it impose restrictions / require blockchains to fork their code to connect.
https://medium.com/@CryptoSeq/what-is-a-blockchain-operating-system-and-what-are-the-benefits-c561d8275de6
4/ Overledger is not a blockchain itself, but an OS that runs on top of multiple blockchains, providing a platform to build and use multi chain applications and abstracts all of the complexities involved with integrating with all the different blockchains
https://medium.com/@CryptoSeq/blockchain-operating-system-learning-from-the-past-to-build-a-better-future-92142c823d30
5/ #Interoperability is more than just Blockchain-to-Blockchain. True Interoperability is Any-to-Any.@quant_network are launching a universal connector for Overledger which allows for any API to connect to any Blockchain through Overledger.
https://preview.redd.it/taxpb9p3wz751.png?width=806&format=png&auto=webp&s=8c527753dc62ab00756c8a32fa16134b91df8821
6/ This will mean APIs like IFTTT/ZapiePayment APIs/Banking APIs/IoT APIs etc can now seamlessly interoperate with Blockchains through Overledger. You can integrate pretty much any tech and API into Overledger
https://preview.redd.it/7f35q465wz751.png?width=1199&format=png&auto=webp&s=09dd7480212eb44903a683e81ecb9878ff077fbe
7/ Quant's approach is superior, enabling scalable interoperability, can connect any blockchain / existing network, future proof and without imposing limitations / requiring connected chains to fork their code
See https://twitter.com/CryptoSeq/status/1270237869043572737
and this article https://medium.com/@CryptoSeq/quant-networks-overledger-part-two-the-layers-of-overledger-ea23a7148af1
8/ Every Blockchain has their own advantages and disadvantages. Why compromise on one platform when with Multi-chain Applications (MAPPs) you can combine the best features from multiple? Why have the risk and limitations of Vendor Lock in?
9/ Only Overledger enables Treaty Contracts, where you can deploy, query and execute multi-chain smart contracts. Bridge and extend smart contracts across multiple blockchains.
10/ Overledger Network is due to launch in a few days and is a Network of Networks, which allows enterprise and communities stakeholders to access and participate in a growing hyper-connected decentralised ecosystem
https://preview.redd.it/00z37ih7wz751.png?width=679&format=png&auto=webp&s=b073064f717953e6329a07bc61f3d77dd334f643
11/ Enterprises, banks, central banks, trading venues, etc will be able to host their own secure dedicated gateways, enabling secure connectivity to permissioned networks, permissionless networks, ecosystems, consortia and other distributed technologies.
https://medium.com/@CryptoSeq/the-network-of-networks-scalable-interoperability-to-unleash-the-true-potential-of-blockchain-c54e7d373d2d
12/ Community members will also be able to run an Overledger gateway to further enhance the scalability, decentralisation and optimise network latency, providing enterprises, developers and users choice to use the closest gateway when accessing permissionless blockchains.
13/ The Overledger gateways will create a scalable p2p network that shares the transaction and volume between participants and chooses the closest or largest node to transact with
https://medium.com/@CryptoSeq/how-the-overledger-network-community-treasury-powers-the-network-of-networks-b716b01d8284
14/ Quant will be open sourcing the connectors so that anyone can connect their favourite blockchain to Overledger Network and benefit from increased adoption from the Enterprises, Developers and users of all the existing connected blockchains / networks.
15/ Partners: Quant have partnered with SIA, the leading financial network provider in Europe and both companies are confident that this development will play an integral part in building the financial infrastructure of the future globally
https://www.sia.eu/en/media-events/news-press-releases/quant-network-and-sia-successfully-tested-blockchain-interoperability
16/ SIA provide a private financial network which is the backbone of the European financial market. SIA and SWIFT are the only 2 providers for the Eurosystem Single Market Infrastructure Gateway, granting access to all RTGS, Securities and Instant Payment transactions for Europe.
17/ Overledger is integrated into SIAChain part of that private financial network (SIAnet) that is the backbone of the european financial market, enabling the 580 banks, central banks, trading venues that are building projects on SIAChain to benefit from scalable Interoperability
18/ Some of the largest blockcain projects in the world are being launched on SIAChain, one of those is the Spunta project.
Spunta is a huge project consisting of the entire italian banking system and looks to further expand into europe
https://www.r3.com/videos/italian-banking-association-and-r3/
19/ Another project building on SIAChain is Fideiussioni Digitali, a digital sureties project with the Bank of Italy sia.eu/en/media-event… as well as potential trial platform for digital euro
To read more about the partnership with SIA is a game changer
https://medium.com/@CryptoSeq/quant-network-partner-with-sia-a-game-changer-for-mass-blockchain-adoption-by-financial-9059ab411069
20/ Quant have partnered with Oracle (the 2nd largest Software provider in the world) as a Fintech Partner to deliver financial services infrastructure.
Quant are enabling #interoperability of DLTs to deliver mission-critical business applications and workloads for FS clients.
https://preview.redd.it/o15tnnr9wz751.png?width=1200&format=png&auto=webp&s=8aba1e61de76b39b4f82ce9a3f8a15b456b674f5
https://preview.redd.it/qdnu6piawz751.png?width=1012&format=png&auto=webp&s=b25bee3d43a6d6cc56eab1ad594c656c07658de1
21/ Oracle invited Quant to attend the leading financial event of the year - SWIFT SIBOS where Oracle were co-marketing with Quant to take their solution to their 480,000 clients including meetings with Banks / Central Banks
https://preview.redd.it/oer1rbxbwz751.png?width=770&format=png&auto=webp&s=802d9edfc82fe383aacacd16eabe733a20860703
22/ Another fantastic partnership is with @SimbaChain. It is a smart-contract-as-a-service (SCaaS) platform, enabling users across a variety of skill sets to implement dapps. They are developing on Overledger to allow them to deploy DAPPs across multiple connected blockchains.
23/ SIMBA Chain have recently been awarded a $9.5 million contract with the US Navy, they are also working with the US Air Force. They have a thriving ecosystem with over 2300 Organizations and 1150+ Applications developed.
https://cointelegraph.com/news/us-navy-bets-95m-on-blockchain-to-keep-messaging-secret
24/ Quant are working with clients in the Capital Market space such as AX Trading to bring more digital assets, securities and tokenised assets to their existing 800 institutional traders in an already live and connected FINRA and SEC regulated exchange.
https://medium.com/@CryptoSeq/wall-street-2-0-17252ffd8919
25/ @quant_network's Interchange enables FIAT to be representing on a blockchain enabling Delivery vs Payment across multiple blockchains with cross chain atomic swaps as well as integrating into existing payment rails such as Faster Payments, CHAPS, SEPA, SWIFT, PAY UK
https://preview.redd.it/8w39juydwz751.png?width=1200&format=png&auto=webp&s=0c8cfec6050ff2d6b27922ba640bfbb549fa9db1
https://preview.redd.it/fnxfo0qewz751.png?width=924&format=png&auto=webp&s=a3573556d7081e672bb86e31500f06a75f6ca662
26/ Enormous traditional exchanges like Fidelity, SIX, Nasdaq, Deutsche Borse will soon be entering the space, offering Digital Assets that are traded today on Crypto exchanges as well as tokenising Stocks, bringing in enormous amounts of investment from institutional investors.

https://preview.redd.it/w6scjpnvwz751.png?width=430&format=png&auto=webp&s=fc7051595807a58fbe5505b8ccacc58f135ded61
https://preview.redd.it/p5i5rwdwwz751.png?width=1100&format=png&auto=webp&s=e050c5fc5ac4614313e4fd737c1d2c5bf9dcfc31
27/ Quant were made a guarantor of Pay.uk - the UK’s largest payment network. Through this relationship, Quant will shape the payment ecosystem and help set the strategic direction of the Payments infrastructure and adopting the New Payments Architecture (NPA).
https://preview.redd.it/vqg19hngwz751.png?width=770&format=png&auto=webp&s=85bc997d93e052a8e1d0e574a1509c06cb996237
28/ Quant have also partnered with AUCloud and UKCloud to provide highly secure and interoperable Blockchain-as-a-Service for Australian Government and Defence and the critical national industries and supply chains that serve the nation.
https://www.quant.network/blog/quant-network-and-aucloud-partner-to-provide-worlds-first-blockchain-operating-system-for-government-and-critical-national-industries
29/ And others such Crowdz a leading blockchain-based trade finance company who are partnered with Barclaycard and recently received $5.5 million Series A Investment from Barclays Bank and others
As well as being a member of Hyperledger, MOBI and more
https://medium.com/@CryptoSeq/large-enterprise-adoption-of-blockchain-is-happening-enabled-by-quant-networks-overledger-32321b650115
30/ The Team: Gilbert Verdian the CEO - his CV speaks for itself. Before starting Quant he was the Chief Information Security Officer for Vocalink (Mastercard) and was in charge of security for the entire payments in the UK managing £6 Trillion per year
https://www.gilbertverdian.com/cv/
31/ Martin Hargreaves recently joined as Chief Product Officer. He has 12 years experience at Vocalink and was the Vice President of Product. Vocalink (Mastercard) manage the entire payments system for the UK as well as other payment networks in the US, Singapore
https://preview.redd.it/mfzp5bfiwz751.png?width=1200&format=png&auto=webp&s=d3f7f16e5f2f8ad27907f5b94e5af3aadb548d18
32/ Guy Dietrich the managing director of Rockefeller Capital (who manage assets worth over $30 billion) joined the board of directors and has attended meetings personally with Gilbert such as with the Financial Conduct Authority in the UK
https://preview.redd.it/on3qgijkwz751.png?width=619&format=png&auto=webp&s=d7a2c38edd0efd32487c33b0b552ed54eefd18d8
33/ Gilbert founded ISO TC 307, the globally recognized standard which has 57 countries working towards. This is vitally important for Enterprise / Government adoption and designed from the start to adhere to those rather than have to redesign it later.
https://preview.redd.it/b9ugauimwz751.png?width=1200&format=png&auto=webp&s=6d9c483e3017310814220260711fd737edc55fcb
34/ Not only do they have enormous meaningful partnerships, advanced tech that's solving a problem which is very much needed and an excellent team, they also have the best tokenomics i have seen in a project and is integral to everything.
https://preview.redd.it/udtf3w9owz751.png?width=1345&format=png&auto=webp&s=42cfe696b777591bb034dd71e4bd782284e0bcf1
35/ Hedge against Inflation - has a total supply of just 14.6 million, no inflation, no new tokens minted and no huge % of tokens controlled by the team waiting to be released. Circulating supply is 12 Million which will reduce over time with QNT being locked up for licenses
36/ Whether it's #Bitcoin, Stable Coins, #DeFi, Central Bank Digital Currencies that come out on top or a combination of all, @quant_network is working with them all, connecting , , and working with multiple Central Banks all leading to more demand / usage of
37/ @Overledger has been designed to be future proof by not being a blockchain itself and performing #interoperability at a layer above, learning from what made TCP/IP so dominant after 40+ years. Whether it be Blockchain 1.0, 2.0, 3.0.. it doesnt matter,$QNT can connect them all
38/ Whether it be Permissioned or Permissionless Blockchains, @Overledger can connect them all. Currently $BTC, $ETH, $XRP(L), $EOS, $XLM, $IOTA, $DAG, #Corda, #Hyperledger, #Qurorum. $QNT is one of very few tokens that are needed even in a Permissioned Enterprise environment.
39/ Sustainable Business Model - Earning revenue (on track for $10 million last year), moving into an office twice the size in the UK and currently hiring 6 additional employees and expanding to other parts of the world despite the uncertainty many are facing.
40/ is needed for licenses, consumption fees, gateways (staking for higher throughput), signing of messages on #Overledger, minimum holdings of QNT.will be locked up reducing circulating supply so not just bought then immediately sold and needed by all inc enterprises
41/ Provides what all projects need - true scalable #interoperability not just between blockchains but legacy systems as well. With no added overhead of an additional consensus mechanism, doesn't impose restrictions or require connected chains to fork their code. Anybody can join
https://preview.redd.it/eq11fnjqwz751.png?width=679&format=png&auto=webp&s=3079aafd7c0717c878b10edf5819cee6d428e13e
43/ For Tokenomics see @quant_network's Utility Paper https://bit.ly/2xc25mA and @DavidW___'s article https://medium.com/@davW/a-deeper-look-into-the-quant-network-utility-token-qnt-valuation-dynamics-and-fundamentals-84633ca7cb58
https://twitter.com/CryptoSeq/status/1277555274405068801
https://threadreaderapp.com/thread/1277555274405068801.html
submitted by xSeq22x to QuantNetwork [link] [comments]

I have an opinion on Nano and I'm going to spend up to $25,000 to test it. I'll post the whole thing here if anyone is interested.

First, a VERY brief crypto background of me. I've been a bitcoin person for about a decade now. I have a solar bitcoin mining operation and a fruit and veggie farm that is, oddly, integrated with my bitcoin mining operation. I have been trading crypto almost since the beginning. I write trading software for crypto. And I'm going to start a logistics software company that piggybacks off of the bitcoin blockchain. I started seriously acquiring Nano, recently, under $0.80 as a highly speculative bet.
I have been following Nano for a couple years now. I think the idea is very clever. Fast and free does kind of seem like a dream. But I don't understand the psychology or the economics behind a currency that is peer-to-peer and doesn't require mining. Maybe it'll work...maybe not...I just don't know.
If mining turns out to be the problem then I think that bitcoin will just fork to a non-mining version. Even if Nano is faster, better, more clever, etc...it wasn't the first. Bitcoin was. Satoshi did all the heavy lifting. Nano, while SUPER clever, is just a derivative copy of what Satoshi figured out. The main difference is the lack of mining and the DAG.
Anyhow, you wanna know how I'm gonna spend $25k on Nano, right? Remember how I said I own a farm? Well, my farm grows SUPER fancy produce for people with too much disposable income. We're based in Southern California. They order it from us, we pick it that day from our SUPER FANCY, state-of-the-art greenhouses out in the middle of the desert and we deliver it to your door about 8 hours later.
Most people can't afford our produce because it costs a lot to grow, it's organic, we grow in these crazy greenhouses that cost us a fortune to build. Our stuff is perfect. Anyhow, I want to test home delivery using FedEx so that I can ship anywhere in the continental US instead of our drivers delivering to Los Angeles, Orange County and San Diego.
So, since I am about to test home delivery, I thought that I could also spend some of my recent earnings on the trade I just made this evening of Nano.
Ok, I know you had to read a lot to get here. And I'm sorry for that. But, here is what I want to know: IF I TELL THE NANO COMMUNITY ABOUT MY BUSINESS, HOW MANY ACTUAL HOLDERS OF NANO WILL BUY MY FRUITS AND VEGGIES...USING NANO? ARE THERE REALLY ENOUGH HOLDERS OF NANO TO SUPPORT SOME PART OF A BUSINESS? IS NANO REALLY THAT GREAT? IS IT REALLY EASY TO USE LIKE THEY SAY? IF I OFFER YOU A HIGHER QUALITY VERSION OF SOMETHING YOU ALREADY PURCHASE OFTEN, WILL YOU ACTUALLY USE YOUR NANO TO BUY IT? OR...IS EVERYONE JUST TRADING NANO AND HOPING TO GET RICH CUZ THEY MISSED BTC WHEN IT WAS $1?
Also, you should be asking yourself, by now, how is this guy gonna spend $25k? Here's how: this produce costs me a lot to grow because it is grown in glass clean rooms in the middle of the desert, with a costly off-grid solar array and giant battery banks; we only sell to high end restaurants and people who are kinda rich; our tomatoes are $12 per pound. Our strawberries are $12 per pound. Our cilantro is $4 per head, Romaine lettuce is $4....you get the idea. It's expensive. Anyhow, I'm going to create a totally separate site for Nano ONLY customers. I'll pay the shipping fees for orders. And I'll sell the produce at the same price as a regular grocery store, instead of our extremely high prices.
We grow about 30 different things, the most common veggies you would buy at your local grocery store in the US, plus about 7 different tomatoes and 2 types of fancy strawberries.
Ok, now you think that I am just trying to use this subreddit to trick people to going to my site and then tricking you into buying stuff. I'm not. I just made a good amount from Nano nearly doubling on a bet I recently made and cashed in. I'll give all the Nano I make from this test to whomever impresses me the most on this subreddit. I'll make the whole thing public. You can watch the wallet publicly. See if anyone is buying stuff.
I kinda think that very few people are gonna use their Nano to buy something that a real currency should be used for: fruit and veggies. My fruit and veggies are way too expensive for the average family so I am going to subsidize this test (the test is to see if I can get $10-20k in Nano sales by just telling the Nano community on Reddit). I know it's not the best test, I am kinda giving my produce away at cost, I'll have to pay the FedEx overnight shipping costs myself....AND THEN I'M GONNA GIVE SOME INTERNET PERSON ALL THE PROCEEDS INSTEAD OF BUYING A JSG BOGGS PIECE OF ART (LOOK HIM UP, CRYPTO NERDS MIGHT DIG IT).
But I just made a bunch of money on FUCKING Nano of all things! I'm gonna give back up to $25k to test something. I test stuff all the time with crypto, by the way. You should read my posts over the last few years if you're bored one day.
Would anyone be interested in even following this? Do other people think Nano has a use case? Anyone got a better idea for my $25k (other than me giving it to you cuz you're lazy)?
Oh, for the record: yeah...bitcoin...duh. Everything else is just a copy. No offense intended.
submitted by dan_from_san_diego to CryptoCurrency [link] [comments]

Question about storing bitcoin with a private key.

I’m looking to move my bitcoin off CoinBase to an address that I can hold the private key for.
Am hoping to get some advice from you all, or confirmation that this plan will work:
  1. Use an offline copy of www.bitaddress.org to generate an Address+PrivateKey combo. Place both into an encrypted file, and store copies of it in multiple physical locations.
  2. Slowly buy bitcoin using CoinBase, and periodically send them to the address generated from Step1.
  3. Visit www.blockchain.com/btc/address/xxxxxxxxxxxxx to see that transactions from CoinBase completed successfully.
  4. After 10+ years, buy whatever the newest Ledger hard wallet is available, and “sweep” the bitcoins from my address into the new hard wallet.
I’m not looking to be trading/selling/using it anytime within the next 10 years, so the idea is to have the simplest setup that doesn’t require maintaining any hardware/software wallets for the next 10 years while I slowly accumulate bitcoin. I won’t have to install any software, or update hard wallet firmware or anything like that.
Questions:
Is an Address+PrivateKey all that is needed to sweep the coins from my address into a new Ledger or a software wallet when the time comes?
submitted by guryfitze to Bitcoin [link] [comments]

Dear US govt...

  1. Stop spending my tax money on troops. the last time that ANY use of US military was justified was pearl harbor. Americans do not need bases overseas. We did not need to "beat the communists." We certainly do not need to be out there in the middle east "nation building". Those are american lives being lost for nothing but pointless political scores.
  2. Start spending my money on developing american energy independence. If all american cars were electric, we wouldn't be dependent on saudi oil. We would never had to interfere with saddam hussein. Kuwait would have never been invaded because the oil wouldn't be worth money. 9/11 would have never happened because bin ladin would have never been radicalized because of the gulf war. We wouldn't need to prop israel up, because nothing in the region would have any utility. Energy independence would have altered all of this. Forget about the environment if you want. Energy independence is the right call, purely from a geopolitical standpoint.
  3. For fucks sake, stop taxing cryptocurrency to cryptocurrency trade transactions. Nobody can keep that shit straight. I traded eth ->zrx -> btc ->usdc and then I sold a bunch of puts that paid... in oEth. Which doesn't even have value until redeemed from the smart contract. The fuck am I supposed to put on my tax returns? oeth? It's a logic block until redeemed, and until then its a floating variable that moves all over the place in value.
  4. Get the voting system fixed. This shit of pitting people against each other using both gerrymandering and winner take it all voting instead of ranked choice voting is wrong. It allows insiders to manipulate the elections, and it creates absolute insanity. The current system is how we got donald trump vs hillary. Neither side could vote for third party, despite many wanting to. What will it take to get us there? Armed revolution and general insurrection? Dead bodies in the streets? Protesters setting themselves on fire? What? The founding fathers warned about factions. You are the embodiment of hamilton's worst nightmares.
  5. Stop printing money. Move back to a semblance of sound money. People do not want to go into debt to buy stuff. Debt is toxic. It is a system that enslaves people, makes them default, and throughout the entire process of defaulting, their stress goes up, and they have health problems because of it. People should not be forward loading their debt into the future as the optimal strategy. Right now, your system of money printing makes debt more appetizing. And that is wrong. There is a reason we buy bitcoin. We fucking hate you and your system. The money printing is theft from the people, and the fed needs to be held to account for the theft of trillions of dollars from the american people.
  6. Stop it with the surveillance network. STOP IT. The price of a surveillance state is too high a price for freedom. I would rather be unsafe and free, rather than be safe but stuck in a prison. And the to the CIA... You are a bunch of goatfuckers that ALL deserve to be strung up in nooses for crimes against humanity. You led the overthrow of pretty much every south american countries democratically elected government at one time or another in the last 100 years. And you are responsible for hoarding and deploying vulnerabilities instead of working with american software manufacturers to get them patched. You are a rogue organization, and every single one of you deserves a full military court martial for crimes against the people of the united states, and against the world. You have destabilized our diplomacy, and tarnished our reputation.
  7. Legalize ALL drugs. Half of the problems in law enforcement go back to our prohibition against drugs. Let people use them in the safety of their own homes. Regulate them. Provide users with clean safe ways of using. Educate people. Provide quitting services for people who want to quit. But at the end of the day, our minds are our minds, and you the state have no business trying to regulate peoples state of consciousness. Life, liberty and the pursuit of happiness includes chemically induced happiness.
submitted by Ghostcarapace3 to Libertarian [link] [comments]

How Bitcoin Halving Will Affect BTC Price

Bitcoin Halving 2020

In every 210K mined blocks a planned (programmed) event takes place. This event is called halving. It is a regular reduction of miners’ fee (reward) for a produced block. Bitcoin creator put these halvings in software to keep inflation in check. Most commonly one block is being mined in 9 minutes and 20 seconds. According to this, halving occurs every four years. The Bitcoin network had two halvings: first in 2012 and then in 2016. If we look back and remember how much coins miners could earn in the early history of Bitcoin, it was 50 BTC for one block. Later on, after the first halving, the fee was equal to 25 BTC and the same happened four years after, then the reward was cut down to 12.5 BTC. The next (third) halving may be expected in May 2020. The payoff then will be reduced to 6.25 BTC. This will actually continue till there’s no award left (this will approximately happen in 2140).
So why is there a need for halving? If coins are produced very fast or the amount of emitted BTC is not limited, there will be so many Bitcoins in circulation that they will have limited value. Vitalik Buterin once said in his interview with Bitcoin Magazine: «The main reason why this is done is to keep inflation under control.»

What will happen with BTC price after Bitcoin halving?

Like any other cryptocurrency price prediction, the Bitcoin price prediction is always hard to make, so we can just guess looking at a combination of factors. Opinions are divided as follows: some think that the BTC price will go up and others think nothing will generally change and the price will stay the same. There are also skeptics that see the halving as bad luck. They believe that if even 10 percent of miners quit, it might scare away the investors and make them move out their assets. As a result, the Bitcoin price will go down. After the first Bitcoin halving the BTC price grew almost two hundredfold, the second time it grew sevenfold. Both times BTC had increased volatility. But no one can guarantee the same events nowadays. As far as we can see from the previous halvings, they had the same dynamics: the Bitcoin price grew up. This gives some people hope that it will repeat after the next BTC halving in May 2020.
What are people’s opinions and predictions regarding the next Bitcoin halving? Let’s have a look.

The CEO of Pantera Capital Dan Morehead predicts the rise of BTC after the coming halving:
“It’s right on the trend line, and I think it’s a good shot that by the end of the year, we hit that, and then if you just extrapolate that line out for another year, it’s $122,000 per Bitcoin and in one more year $356,000.”

Tom Lee from Fundstrat Global Advisors posted a part of the report regarding crypto outlook 2020. Here what is said regarding the BTC price in that report:
“For 2020, we see several positive convergences that enhance the use case and also the economic model for crypto and Bitcoin – thus, we believe Bitcoin and crypto total return should exceed that of 2019. In other words, we see strong probability that Bitcoin gains >100% in 2020.”

Bobby Lee (co-founder and CEO of BTC China) also expressed his opinion via twit saying:
“After next #BlockRewardHalving in Spring of 2020, new #Bitcoin output will drop again, to just 900 BTC/day. I predict #HashPower will continue to grow, with ever higher amounts of investment in mining (electricity costs). If that amount reaches $54m/day, we‘ll have $BTC at $60k.”

Jason A. Williams had an “unpopular opinion”:
“Unpopular Opinion – Bitcoin halving in May 2020 won’t do anything to the price. It will be a non-event.”

John McAfee is insanely positive as usual when speaking about the Bitcoin price prediction:
“When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bitcoin at $1 million by the end of 2020. I will still eat my d\ck if wrong.”*

Paolo Ardoino (Bitfinex & Tether Chief Technology Officer) said the following in his interview to U.Today:
“The halving is expected to occur next year, and I think it’s reasonable to expect an increase in the price of Bitcoin. I won’t do any price predictions myself and this is not financial or other advice from me or from Bitfinex or Tether, but I don’t see any reason for Bitcoin not hitting $100,000 within the next few years. That would already be an amazing goal for such technology.”

Tone Vays (Financial analyst) is less ambitious. That’s what he thinks:
“Technically, everything is in play until end of 2020, after that sub $5,000 is not likely. Worst Case Scenario: prices drop to $5k into the halving, then after halving 70% of miners shut down due to negative revenue, #Bitcoin spirals down in price but then rises from the dead!”

Petros Anagnostou, the founder of Crypto Solutions declares:
“My prediction: Bitcoin will reach $12,000 before the end of this year. And will reach a price of $50,000 – $100,000 by the end of 2020.”

To summarize, the forthcoming BTC halving 2020 will be a kind of guarantee that there will be no inflation, and investments will be profitable. At the same time, it is being one of the key factors responsible for the growth of the Bitcoin price. When it comes to miners, they usually feel stressed about it as to keep their income at the same level they will need to invest in new technical equipment. As for those who don’t mine but just buy Bitcoin to keep BTC as a cryptocurrency investment, the BTC halving will barely have any effect on them.
No one can predict what exactly will happen after the upcoming BTC halving. It is always up to you either be on the optimistic side or be one of the doubters.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk. You are the only one responsible for making investment decisions.
submitted by SimpleSwapExchange to BitcoinMarkets [link] [comments]

/r/Monero Weekly Discussion – June 20, 2020 - Use this thread for general chatter, basic questions, and if you're new to Monero

Index

  1. General questions
  2. Wallet: CLI & GUI
  3. Wallet: Ledger
  4. Nodes

1. General questions

Where can I download the Monero wallet?

There are multiple Monero wallets for a wide range of devices at your disposal. Check the table below for details and download links. Attention: for extra security make sure to calculate and compare the checksum of your downloaded files when possible.
Please note the following usage of the labels:
⚠️ - Relatively new and/or beta. Use wallet with caution.
☢️ - Closed source.

Desktop wallets

Wallet Device Description Download link
"Official" GUI / CLI Windows, macOS, Linux Default implementation maintained by the core team. Use this wallet to run a full node and obtain maximum privacy. Integrates with hardware wallets. Current version: 0.15.0.1 / 0.15.0.4. GetMonero.org
MyMonero Windows, macOS, Linux Lightweight wallet -- you don't need to download the blockchain and run a node. MyMonero was developed with the assistance of the core team. It also has web-based and iOS versions. MyMonero.com
Exodus Windows, macOS, Linux ⚠️ / Multi-asset wallet. Exodus.io
ZelCore Windows, macOS, Linux ⚠️ / Multi-asset wallet. It also has Android and iOS versions. Zeltrez.io
Guarda Windows, macOS, Linux ⚠️ ☢️ / Multi-asset wallet. Guarda.co

Mobile wallets

Wallet Device Description Download link
Monerujo Android Integrates with Ledger (hardware wallet). Website: https://www.monerujo.io/. Google Play / F-Droid / GitHub
MyMonero iOS Website: https://mymonero.com/ App Store
Cake Wallet iOS Website: https://cakewallet.io/ App Store
X Wallet iOS Website: https://xwallet.tech/ App Store
Edge Wallet Android / iOS Multi-asset wallet. Website: https://edge.app/ Google Play / App Store
ZelCore Android / iOS ⚠️ / Multi-asset wallet. Website: https://zelcore.io/ Google Play / App Store
Coinomi Android / iOS ⚠️ ☢️ / Multi-asset wallet. Website: https://www.coinomi.com/ Google Play / App Store
Moxi / Guarda Android / iOS ⚠️ ☢️ / Multi-asset wallet. Website: https://guarda.co/ Google Play / App Store
Exa Wallet Android / iOS ⚠️ Website: https://exan.tech/ Google Play / App Store
Wookey Wallet Android / iOS ⚠️ Website: https://wallet.wookey.io/ Google Play / F-Droid / App Store
Exodus Android / iOS ⚠️ / Multi-asset wallet. Website: https://www.exodus.io/monero/) Google Play / [App Store](https://apps.apple.com/app/exodus-crypto-wallet/id1414384820

Web-based wallets

Wallet Description Link
MyMonero Web version of the MyMonero wallet. Web
XMRWallet Web wallet with TOR support. Web / Onion URL
Guarda Multi-asset wallet. Web

How long does it take for my balance to unlock?

Your balance is unlocked after 10 confirmations (which means 10 mined blocks). A block is mined approximately every two minutes on the Monero network, so that would be around 20 minutes.

How can I prove that I sent a payment?

The fastest and most direct way is by using the ExploreMonero blockchain explorer. You will need to recover the transaction key from your wallet (complete guide for GUI / CLI).

How do I buy Monero (XMR) with Bitcoin (BTC)?

There are dozens of exchanges that trade Monero against Bitcoin and other cryptocurrencies. Check out the list on CoinMarketCap and choose the option that suits you best.

How do I buy Monero (XMR) with fiat?

How can I quickly exchange my Monero (XMR) for Bitcoin (BTC)?

There are multiple ways to exchange your Monero for Bitcoin, but first of all, I'd like to remind you that if you really want to do your part for Monero, one of the simplest ways is to get in touch with your merchant/service provider and request for it to accept Monero directly as payment. Ask the service provider to visit the official website and our communication channels if he or she needs help with system integration.
That being said, the community has been recommending two services in particular, XMR.TO and MorphToken. These services are only recommendations and are operated by entities outside the control of the Monero Project. Be diligent.

How do I mine Monero? And other mining questions.

The correct place to ask questions and discuss the Monero mining scene is in the dedicated subreddit MoneroMining. That being said, you can find a list of pools and available mining software in the GetMonero.org website.

2. Wallet: CLI & GUI

Why I can't see my balance? Where is my XMR?

Before any action there are two things to check:
  1. Are you using the latest available version of the wallet? A new version is released roughly every 6 months, so make sure you're using the current release (compare the release on GetMonero.org with your wallet's version on Settings, under Debug info).
  2. Is your wallet fully synchronized? If it isn't, wait the sync to complete.
Because Monero is different from Bitcoin, wallet synchronization is not instant. The software needs to synchronize the blockchain and use your private keys to identify your transactions. Check in the lower left corner (GUI) if the wallet is synchronized.
You can't send transactions and your balance might be wrong or unavailable if the wallet is not synced with the network. So please wait.
If this is not a sufficient answer for your case and you're looking for more information, please see this answer on StackExchange.

How do I upgrade my wallet to the newest version?

This question is beautifully answered on StackExchange.

Why does it take so long to sync the wallet [for the first time]?

You have decided to use Monero's wallet and run a local node. Congratulations! You have chosen the safest and most secure option for your privacy, but unfortunately this has an initial cost. The first reason for the slowness is that you will need to download the entire blockchain, which is considerably heavy (+70 GB) and constantly growing. There are technologies being implemented in Monero to slow this growth, however it is inevitable to make this initial download to run a full node. Consider syncing to a device that has an SSD instead of an HDD, as this greatly impacts the speed of synchronization.
Now that the blockchain is on your computer, the next time you run the wallet you only need to download new blocks, which should take seconds or minutes (depending on how often you use the wallet).

I don't want to download the blockchain, how can I skip that?

The way to skip downloading the blockchain is connecting your wallet to a public remote node. You can follow this guide on how to set it up. You can find a list of public remote nodes on MoneroWorld.
Be advised that when using a public remote node you lose some of your privacy. A public remote node is able to identify your IP and opens up a range for certain attacks that further diminish your privacy. A remote node can't see your balance and it can't spend your XMR.

How do I restore my wallet from the mnemonic seed or from the keys?

To restore your wallet with the 25 word mnemonic seed, please see this guide.
To restore your wallet with your keys, please see this guide.

3. Wallet: Ledger

How do I generate a Ledger Monero Wallet with the GUI or CLI?

This question is beautifully answered on StackExchange. Check this page for the GUI instructions, and this page for the CLI instructions.

4. Nodes

How can my local node become a public remote node?

If you want to support other Monero users by making your node public, you can follow the instructions on MoneroWorld, under the section "How To Include Your Node On Moneroworld".

How can I connect my node via Tor?

This question is beautifully answered on StackExchange.
submitted by AutoModerator to Monero [link] [comments]

Round up of Cryptocurrency News #2 Week 13/07 - 19/07

Round up of Cryptocurrency News #2 Week 13/07 - 19/07
Important/Notable/Highlights:
- https://cointelegraph.com/news/binances-swipe-powered-crypto-debit-card-debuts-in-europe
- https://news.bitcoin.com/twitter-apple-joe-biden-elon-musk-bill-gates-jeff-bezos-uber-bitcoin-giveaway-scam/
- https://dailyhodl.com/2020/07/16/twitter-reveals-cause-of-unprecedented-security-hack-placing-bitcoin-and-cryptocurrency-in-the-crosshairs/
- https://cointelegraph.com/news/paypal-letter-seems-to-confirm-crypto-capability-rumors
- https://cointelegraph.com/news/bitcoin-hash-rate-hits-new-all-time-high
- https://news.bitcoin.com/youtube-helps-scammers-steal-130000-in-bitcoin-from-investors-daily-report/
- https://defirev.com/twitter-hack-2020-bitcoin/
- https://news.bitcoin.com/bitcoin-difficulty-touches-all-time-high-120-exahash-of-hashpower-remains-strong/
- https://news.bitcoin.com/emerging-markets-drive-paxful-first-half-2020-bitcoin-volume-to-1-1-billion/
- https://www.stellar.org/press-releases/stellar-blockchain-now-available-on-samsung-galaxy-smartphones
- https://news.bitcoin.com/aggregate-erc20-market-cap-outpaces-valuation-of-eth-in-circulation-by-2-billion/
- https://news.bitcoin.com/bank-of-england-still-debating-creation-of-central-bank-digital-currency-says-bailey/
- https://news.bitcoin.com/bank-of-thailand-enters-third-phase-of-cbdc-development-now-using-cbdc-with-big-businesses/
- https://dailyhodl.com/2020/07/15/number-of-crypto-merchants-accepting-xrp-has-surged-46-so-far-this-yea
- https://news.bitcoin.com/european-digital-bank-revolut-expands-bitcoin-trading-services-to-49-us-states/

Special Mentions:
- https://news.bitcoin.com/us-dept-of-homeland-security-buys-coinbase-analytics-software/
- https://news.bitcoin.com/tether-freezes-millions-of-dollars-usdt-40-addresses/
- https://news.bitcoin.com/crypto-exchange-cashaa-loses-336-bitcoin-worth-3-million-to-hackers/
- https://dailyhodl.com/2020/07/14/heres-why-institutional-interest-in-bitcoin-btc-and-crypto-markets-is-rising-according-to-huobi-global/
- https://dailyhodl.com/2020/07/13/binance-says-altcoins-taking-center-stage-names-five-top-crypto-assets-as-bitcoin-btc-prepares-for-big-move/
- https://news.bitcoin.com/advocacy-group-claims-irs-issued-crypto-warning-letters-violated-taxpayers-rights/
- https://news.bitcoin.com/south-africa-proposes-new-rules-regulate-cryptocurrencies-alignment-fatf-standards/
- https://news.bitcoin.com/freebitcoins-com-is-open-again-with-three-helpful-tools-for-new-and-old-cryptocurrency-users/
- https://dailyhodl.com/2020/07/18/heres-how-twitter-hackers-are-trying-to-hide-their-trail-of-stolen-bitcoin-btc/
Other:
- https://dailyhodl.com/2020/07/12/crypto-giant-grayscale-boosts-bitcoin-and-ethereum-exposure-at-expense-of-xrp-bch-and-ltc-in-large-cap-fund/
- https://dailyhodl.com/2020/07/17/bitcoin-btc-goliath-grayscale-reveals-1400000000-invesment-in-crypto-funds-in-2020/
- https://news.bitcoin.com/altseason-imminent-most-altcoins-should-gain-on-bitcoin-soon-says-veteran-analyst/
- https://news.bitcoin.com/japanese-listed-company-globalway-plans-to-build-sharing-economy-protocol-and-launch-ieo/
- https://dailyhodl.com/2020/07/13/prominent-crypto-strategist-goes-viral-says-bitcoin-ethereum-and-xrp-poised-for-epic-rally-that-will-put-2017-to-shame/
- https://dailyhodl.com/2020/07/13/binance-says-altcoins-taking-center-stage-names-five-top-crypto-assets-as-bitcoin-btc-prepares-for-big-move/
- https://dailyhodl.com/2020/07/13/dissecting-bitcoins-electricity-consumption/
- https://news.bitcoin.com/abra-crypto-app-sec-transactions-thousands-us-stocks-etfs/
- https://news.bitcoin.com/iran-licenses-bitcoin-mining-farms-cuts-electricity-tariff/
- https://dailyhodl.com/2020/07/14/will-tezos-be-the-altcoin-to-unseat-ethereum-on-the-crypto-market/
- https://dailyhodl.com/2020/07/15/new-class-of-crypto-assets-will-outperform-bitcoin-and-ethereum-in-new-bull-run-says-luke-martin/
- https://dailyhodl.com/2020/07/16/guarda-wallet-launches-new-version-of-the-mobile-app/
- https://news.bitcoin.com/best-defi-interoperability-solutions-exploring-fusion-vs-cosmos-vs-polkadot/
-https://dailyhodl.com/2020/07/18/venture-capitalist-says-flurry-of-fundamental-crypto-events-will-trigger-crazy-q4/
-https://news.bitcoin.com/news-bitcoin-com-lead-writer-jamie-redman-named-one-of-the-best-crypto-bloggers/
-https://dailyhodl.com/2020/07/19/top-analyst-says-bitcoin-ethereum-and-xrp-poised-to-breakout-end-lengthy-consolidation/
So much has happened this week! We saw a capitulation point of bitcoin before bears took over and we saw the selling pressure push Bitcoin down toward the $9000USD mark then move back up above $9100USD So far it has been a stable hold, however we may see some more action within the coming weeks.
Widespread scamming within the Twitter-sphere, Youtube and other platforms as Bitcoin and other cryptocurrencies may seem like fair game. Cryptocurrencies providing big payouts for scammers without the ability for reversals of accounts. Remember if something seems too good to be true, do some research or just plain do not respond/believe it. Stay safe and careful with your funds!
On the brightside, there has been even more adoption of cryptocurrencies as rumours of Paypal utilising cryptocurrency has been confirmed as they are developing crypto capabilities. In addition to this we received exciting news at the start of this week about Binance partnering with Swipe (SXP) and offering a debit card to spend BNB, SXP, BTC and BUSD. ( I will be keeping a swift eye on BNB and Swipe as its utilisation as tokens has just increased 43 fold).
Positive news for the Bitcoin network as its hashrate reaches all time high which helps to secure the network further even though mining profits have dropped by 50% from the recent halving. If you didn't know already the last Bitcoin will be expected to be mined in 2140 with its difficulty ever increasing and each time securing the network further. Processing units will have to become faster, stronger and most importantly more cost effective to continue to entice miners for the block rewards and further renewable energy practices.
Furthermore we can see Central banks and countries discussing and developing Central Bank Digital Currencies (CBDC). Read more about it here https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.asp and check out some of the developments in the world above. This shows the popularity and strong nature of cryptocurrencies. As the saying goes "If you cant beat them, JOIN them".
Overall, very solid week full of adoption, animation and anticipation. Another post next week for a weekly round up! See you then but in the mean time join us at our Gravychain Discord.
- DISCORD LINK: https://discord.gg/zxXXyuJ 🍕 Bring some virtual pizza to share 🍕
Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments!
Big thanks to our Telegram and My Crypto HQ for the constant news updates! - The Gravychain Collective: https://t.me/gravychain - My Crypto HQ: https://t.me/My_Crypto_HQ
submitted by IOTAbesomewhere to Gravychain [link] [comments]

ColossusXT Q2 2020 AMA Ends!

Thank you for being a part of the ColossusXT Q2 2020 AMA! Below we will summarize the questions and answers. The team responded to 46 questions! If your question was not included, it may have been answered in a previous question or AMA. The ColossusXT team will do a Reddit AMA at the end of every quarter.
The winner of the AMA contest is: ookhimself
Congratulations. I will send you a DM on Reddit.
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Q: Why does your blockchain exist and what makes it unique?
A: ColossusXT exists to provide an energy-efficient method of supercomputing. ColossusXT is unique in many ways. Some coins have 1 layer of privacy. ColossusXT and the Colossus Grid will utilize 2 layers of privacy through Obfuscation Zerocoin Protocol, and I2P and these will protect users of the Colossus Grid as they utilize the grid resources. There are also Masternodes and Proof of Stake which both can contribute to reducing 51% attacks, along with instant transactions and zero-fee transactions. This protection is paramount as ColossusXT evolves into the Colossus Grid. Grid Computing will have a pivotal role throughout the world, and what this means is that users will begin to experience the Internet as a seamless computational universe. Software applications, databases, sensors, video, and audio streams-all will be reborn as services that live in cyberspace, assembling, and reassembling themselves on the fly to meet the tasks at hand. Once plugged into the grid, a desktop machine will draw computational horsepower from all the other computers on the grid.
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Q: What is the Colossus Grid?
A: ColossusXT is an anonymous blockchain through obfuscation, along with utilization of I2P (Armis). These features will protect end-user privacy as ColossusXT evolves into the Colossus Grid. The Colossus Grid will connect devices in a peer-to-peer network enabling users and applications to rent the cycles and storage of other users’ machines. This marketplace of computing power and storage will exclusively run on COLX currency. These resources will be used to complete tasks requiring any amount of computation time and capacity, or allow end-users to store data anonymously across the COLX decentralized network. Today, such resources are supplied by entities such as centralized cloud providers which are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Any user ranging from a single PC owner to a large data center can share resources through Colossus Grid and get paid in COLX for their contributions. Renters of computing power or storage space, on the other hand, may do so at low prices compared to the usual market prices because they are only using resources that already exist.
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Q: Is there any estimated date for the grid? What will set you apart from the opposition?
A: We are hoping to have something released for the community in Q4 this year. The difference between other competitors is that ColossusXT is putting consumer privacy first and we’re actively in the process of working with federal and state agencies in the United States.
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Q: How do you plan to get people to implement the technology? At your current rate of development, when do you foresee a minimum viable product being available?
A: We have been strategically networking with businesses, and we are currently undergoing the verification process in the United States to make bids on federal and state projects. We are working on an MVP and our goal is to have at least a portion of the Colossus Grid ready by Q4 2020.
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Q: When we can expect any use-case for COLX? A company or service that uses COLX for its activities/tasks.
A: We’re aiming for Q4 of this year to have an MVP, throughout 2021 we will be strategically making bids on federal and state contracts in the United States with a goal to expand operations exponentially.
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Q: Are there any plans to be listed on the more prominent exchanges e.g binance, kraken?
A: Yes, we have applied to some of these exchanges that are considered Tier 1 or Tier 2 exchanges. Many of them upfront will tell you there are no fees associated with the listing, that is not entirely true most of the time. Regardless, have applied and are awaiting more responses as we move forward. Listing on these exchanges often requires that we cannot announce this information until ColossusXT is live on its platform.
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Q: Partnerships are the norm these days in crypto world. Which partnership would you consider feasible, if any, in order to grow the Colossus Grid project?
A: The Colossus Grid is a huge undertaking both in development and business partnerships. We are moving in both these directions strategically. One of the most important partnerships is not really a partnership but approval to bid on state and federal contracts. Working with the governments around the world will be a big part of the Colossus Grid use-case.
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Q: If the ability to annonymise coins is turned off, can CLX still be marketed as a privacy coin? Do we have a date we can start using this feature again?
A: Yes and No. It’s frustrating right now having a lack of privacy for consumers as we don’t see privacy as a feature but a right. EVERY platform online should have some levels of privacy for their consumers, especially as technology continues to evolve and bad actors continue to use your personal information for their own nefarious purposes. Obfuscation will be implemented in the coming weeks, and Armis will follow suit shortly thereafter.
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Q: When can we expect the grid to come out?
A: We are looking at releasing an MVP towards the end of the year. Stay tuned during Q3 and Q4 as we ramp on technical and business developments.
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Q: Can you tell the current budget for development work?
A: Much of the development work budget comes from Core team member's disposable income, we also use the self-funding treasury that Masternode owners vote on each month.
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Q: Will cold staking be implemented somedays? I like the model of Cardano. Hope you will implement kind of Cardano staking in our wallet. I would love the easiness.
A: ColossusXT staking has been enabled since 2017. We have calculators on the website that will estimate your average staking returns and you can join numerous pools to increase your staking power within the pools. Cold staking is on our radar and will make it into the roadmap when our budget allows us.
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Q: Which part of grid technology are you planning first to go live? Storage/RAM/CPU/GPU/all at once? Separately?
A: We will be rolling the Colossus Grid out in two phases. The first phase will be storage, and then we will roll out computing power (RAM/CPU/GPU).
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Q: Is Armis I2P technology in development testphase I mean, I have read something like that… If Armis goes live, will there be some kind of option in deskopt wallet to transfer anonymous or will every transaction be fully anonymous like e.g. monero?
A: We recently had a testing phase with the community earlier this year, there will be another test phase with community participants who sign up. If you’re interested in this stay tuned on our socials and apply when the next testing phase happens All transactions will be fully anonymous behind Armis.
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Q: What programming languate is being used for developing COLX? How well this programming language do you think is more suitable for developing crypto, in comparison with other programing languages?
A: C++ is what we’re using at ColossusXT. Each crypto project is different but with what we're developing at ColossusXT. We are best suited to utilize C++.
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Q: What is the second biggest milestone other than launching the grid network for the team. What do you think of your competition like Golem network?
A: Armis will be a big milestone, and I don’t think we go back to our Polis partnership which allows users in Europe and Mexico (they do plan to expand to the US and other countries) the ability to spend their ColossusXT (COLX) wherever Mastercard is accepted. I don’t think the Golem network is taking consumer privacy far enough, in the blockchain industry I also see a lack of drive to push adoption within the United States. This is likely due to unclear regulations right now. ColossusXT is at the forefront of these issues and we intend to lead blockchain through these somewhat murky waters.
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Q: I don’t have a lot of knowledge about crypto-technology… but are there any risks of sensitive data-hijacks through Colx infrastructure? Will the Colx-grid be available for individuals or only larger corporations, and how would one get access to the computing power?
A: There are always risks with technology. We are doing extensive testing and more testing prior to releasing anything. Consumer privacy is apart of the foundation of what we’re building at ColossusXT and we want to ensure any and all of your personal information is secure and private. As technology evolves, we will be right here evolving with it to ensure that consumer privacy protections are always in place.
The Colossus Grid will be available to anyone with a computer. You will access it through the desktop wallet.
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Q: Do you have any new exchange listings planned in the near future?
A: Yes, but unfortunately with these things, every day it’s not something we can often say before the exchange makes their own announcements. If you have certain exchanges that you prefer, do not be shy and tag us on Twitter letting us and the exchange know. You can also reach us everyday at all hours of the day and night on Discord and Telegram.
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Q: Given that Colx had no ICO, are we able to ramp development efforts in case we have potential partnership deal on the table?
A: It really depends. We strategically spend every dime we spend on development. We do not like even a single penny to be waisted, so we don’t move as fast as the projects that raised millions of dollars, but we continue moving none the less. Ramping up our development is something we are working on by securing additional funding and we’re currently working on securing funding. 😊
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Q: How is the project development advancing? What are your plans for the next 5 years and what more can we expect from ColossusXT?
A: Our development is continuing on at a steady pace, we’re looking to ramp this up over the next year as the Colossus Grid will take much of our time but we’re excited. Over the next 5 years, you can expect the Colossus Grid to be live in all forms (storage and computing power), Armis will be released and we will share many technical details on how this consumer privacy protection rivals some of the other privacy protections in the blockchain industry. We expect to be verified and approved to work with the agencies in the United States long before then as well and will be aggressively pursuing federal contracts to utilize the computing power of the Colossus Grid. In 5 years, we plan to be a key player not just in the blockchain industry, but throughout the world. If you do not know ColossusXT now, expect to in 5 years or less.
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Q: Users often care less about technology, but rather the value of the token. How do you manage to strike a balance between developing the technology and also improving the value of COLX? There are so many privacy coins now, all of them claiming to have better features that ColossusXT. Moving forward, what do the next 10 years look like for ColossusXT in navigating the wave of privacy projects coming. How can ColossusXT continue to shine in the midst of seemingly legit projects that have come to challenge ColossusXT like mimblewimble projects and Monero, Zcoin, ect.?

A: The Colossus Grid and Masternodes will have a strong relationship with each other. When the Colossus Grid goes live we expect the masternode demand to continue to rise. Masternodes are a great incentive mechanism to increase network strength and will play an important role within the Colossus Grid. The more masternodes online, the less available coins in the circulating supply; which we expect will eventually reflect ColossusXT (COLX) coin value.
Over the next 10 years, ColossusXT (COLX) will solidify itself as a key player in the blockchain industry, and outside the blockchain industry. Following our strategic business plans, we intend to be one of the first, if not the first to truly bring government and other businesses into the blockchain industry through the Colossus Grid. Armis will be our defining privacy feature, which we expect in time will begin to be adopted by other projects. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: How have the number of Masternodes (MNs) increased/decreased over time/in the past few years? What proportion (%) of MNs actively take part in Governance? How do you see the number of MNs increasing/decreasing in the next couple of years? Is there a trend upwards or downwards?
Is there a specific number (or range) of MNs the team would like to attain ideally? Is it better to have as many MNs as possible or is there a point at which too many MNs start to have an adverse effect on the performance of the blockchain?
Hope this wasn’t too many questions in one :), Ahmed

A: The number of masternodes in the active network is more or less the same, fluctuating around 200-220. About 40% - 50% of masternodes participate actively in governance (see https://governance.colossusxt.io). We expect a number of masternodes to grow as they will have additional benefits with Colossus Grid (see business plan: http://bit.ly/COLXBPLive).
As the team had no premines, only the dev fund can be used for masternodes which is hard to maintain due to actual budget flow. It’s better to have as many masternodes as possible for the network, there is no adverse effect.
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Q: Of all the milestones that $COLX has achieved since your humble beginnings, which do you consider to be the best of it all? What achievements do you feel proud most?
A: It’s often not mentioned but I’m very proud of our partnership with PolisPay, which allows ColossusXT community members to purchase Amazon, Spotify, and other gift cards with ColossusXT (COLX) through the Polis platform. You are also able to spend your COLX anywhere Mastercard is accepted, the card is available only for EU citizens right now and the Polis team hopes to bring in other countries in the future.
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Q: There are problems that can slow down the course of a project such as the emergence of globalization, given the tighter budget, shorter implementation time requirements. My question is, How does $COLX resolve the issue?

A: Given the current situations around the world the Colossus Grid has more value than it ever has, and that value will continue to grow once we have released the Colossus Grid for consumers to share and utilize resources. You can already see from the [email protected] initiative that people are eager to share their computing resources to help researchers simulate different COVID19 simulations. We’ve always worked on a very small budget at ColossusXT starting with 0$ in funding and no pre-mine or ICO/IEO. This project was built for the community by the community, and as of lately we’ve actually been ramping up our business strategies and developments. Since we have all already worked remotely before the COVID19 pandemic, it interestingly allowed us more time to focus and achieve these goals as our day jobs allowed us to spend more time on ColossusXT.
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Q: How will you fight with regulators who are trying to stop privacy coins?

A: We have an amazing legal team at ColossusXT, and they are on top of any new law or regulation that comes out. We’re not afraid of regulators and our legal team makes sure that everything we do for ColossusXT is law-abiding. It's time the world stops looking at privacy as a feature and as a right, especially when you read about different applications and platforms using your personal DATA for their benefit. ColossusXT will continue to push this, and we're prepared to lobby this to lawmakers. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: What type of utilities can $COLX give to users over its competitors like GOLM (computation) or STORJ (Data)?

A: The Colossus Grid has some major differences between Golem and Storj. One we’re a privacy-focused project. If you take a look at many of these applications and platforms today, in some way or another you’re giving up personal information, and/or geographic information. ColossusXT is focused on protecting consumer information, we do not look at privacy as a feature, we see privacy as a right, especially in the tech world today.
The second part of this question is that we’re currently in the verification process of registering with the United States federal and state governments so that we can legally bid on federal and state projects and work with different agencies. This will ensure that as the community members are sharing their idle resources, large corporations and businesses are using it. I’m not aware of the mentioned projects being registered in the United States or taking steps to work with the United States government.
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Q: How will computing power and storage sharing look like, for an average user (marketplace, program download)? What are you currently working on, when can we expect MVP? TY
A: The marketplace and Colossus Grid will be inside the ColossusXT desktop wallet that you currently have now. The UI/UX will change some to allow the additional settings and tabs that will become available and we’re preparing an MVP right now and we hope to share those details with you over the next few months, ask us again in the Q3 AMA if you haven’t seen anything yet :)
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Q: What would you say is the $COLX killer feature that sets it apart from the rest of the competition.
A: We believe that Armis is our killer feature. We recently had a beta this year with the community and will be moving forward later this year with Armis. ColossusXT consumers will have their geographic location and IP fully hidden behind the Armis layer for further security and anonymity for the transactions which will also take place in the Colossus Grid resource marketplace in the future.
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Q: I have been a silent follower of $COLX and I must say that I'm truly impressed with how the team has been diligently working on the project. It'd be nice to have the community be part of something like a bounty or a social awareness contest. As this will not only attract more users to the platform but would also strengthen the bond within the community. When can we possibly expect a community project of this level? #spreadthegrid
A: We currently have a Gleam competition ongoing for social awareness, and we just hired a community manager to spread more community awareness and will be rolling on competitions more regularly. Every quarter we have an AMA on Reddit for the community to ask questions, or just gripe at us, and one person each quarter is awarded 100,000 COLX for participating in the AMA. As we deliver our targets and grow, we will shift more funds from development funds to marketing funds to raise further awareness.
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Q: "Our main competitor is crypto adoption. We are all here to make it happen together.", this is quoted from a founder of a known crypto wallet. Do you see competition as something that strengthens the project as a whole or as a possible distraction due to pressure to be at the top of the crypto ecosystem?

A: This is a two scenario situation. Competition is good for ColossusXT, and we look at our main competitor in blockchain as Golem (GNT), having said that though too much competition or sometimes maximalist behavior isn’t good for crypto, many of these projects should be coming together to lobby lawmakers for laws and regulations that are good for the blockchain industry, as this is still an emerging market and the laws and regulations aren’t exactly in place at this time.
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Q: "For people to believe in crypto, they need to understand the tangible benefits it offers to our society.", a remark made by a crypto project in the past. What exactly would be $COLX real life global benefits? And how do you plan on achieving this?
A: ColossusXT vision will be achievable when the Colossus Grid is released. We are currently in the process of registering with state and federal agencies in the United States, once we are registered to work with these agencies we will pursue contracts with the government, cybersecurity firms and colleges all around the United States, and the world to utilize the resources on the Colossus Grid. We’ve already started building business relationships for this very purpose.
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Q: According to you how much time will it take for $COLX to get into mainstream adoption and execute all the plans set for this project?
A: It’s almost impossible to set a timeline on when the world/people will begin to adopt ColossusXT (COLX) and the Colossus Grid. We don’t believe that adoption for ColossusXT will happen before the Colossus Grid is live, and if I gave you an exact timeline for when or how long it will take you for the Colossus Grid to be adopted I would be lying to you, but we are already forming business relationships and making strategic moves to be able to bid, and work with state and federal agencies in the United States.
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Q: Does Tokens.net plan any kind of staking ($COLX or other coins)?
A: We will reach out to the tokens.net team and see if they have any plans to allow staking.
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Q: How will you try to boost adoption of #COLX, how do you think you will motivate programmers to join opensource project?
A: The Colossus Grid will be available for anyone to use, or share their idle resources for other consumers to use. We will be focusing on providing these resources to state and federal governments, cybersecurity firms, and researchers all across the world. Certainly, we expect some community members to use these resources to mine different PoW cryptocurrencies, but the team at ColossusXT will be focused on bringing in large colleges and universities as well as big cybersecurity businesses that may need supercomputing power at 1/10th of the current prices. Our programmers are our only paid team members, and we pay them at a competitive rate. We’re looking to bring in some more programmers later this year.
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Q: Do you have any special development funds for programmers?
A: Sometimes we pay our programmers out of our own pocket, sometimes we pay them in ColossusXT. It really depends on what kind of agreements have been made. We have been aggressively pursuing different funding opportunities throughout 2020 so that we can expand our development team and in the future, we may have incentives to drive programmers into joining our team. Right now we just stick to a competitive pay scale within the industry.
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Q: Why Android Wallet Revision hasn't been done? Any problems?
A: The Android wallet revision took some time to be approved in the Google Playstore, but it has been released and live since June 15, 2020.
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Q: Whats the second biggest milestone other than the grid network for COLX team?
A: Armis is likely to be considered our second biggest milestone this year, although as I mentioned above this can easily be overshadowed by our Polis partnership which allows you to spend ColossusXT (COLX) anywhere Mastercard is accepted. Although the epay debit card ownership is currently restricted to certain countries (EU zone only), these restrictions will lift in time.
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Q: How is COLX team going to contribute to crypto adoption, other than building a robust network?
A: We’re already in the process of verification to work with state and federal agencies. Adoption for blockchain projects isn’t going to move fast. I read a report just a few days ago about how scammers in the crypto industry stole over 2 million dollars worth of crypto just from the “Elon Musk” impersonations on Twitter.
We will continue to build our network, and seek out state and federal agencies as well as private cybersecurity firms that can utilize the Colossus Grid, we’re not just focused on making noise on social media, we intend to make noise throughout the entire world.
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Q: Are their industry partners to COLX that are awaiting your network to go live?
A: Yes, although I hesitate to go into too much detail here. We are talking with business leaders.
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Q: The ongoing crisis affected the market badly, making many projects far from their targets. What is $COLX strategy in order to survive and pass through this crisis?
A: I agree it affected the market badly, especially the projects that raised hundreds of millions of dollars in crypto and held it through the entire market correction. ColossusXT strategy is different from those affected, we’ve always had a smaller budget than these large projects. We spend the money we have available very wisely, and we’re not in a hurry to grab something that sounds good without doing our due diligence. We make our moves very strategically.
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Q: I gotta ask, what made $COLX decide to get listed on Tokens.net? What beneficial advantage does $COLX get in doing so? How about Tokens.net?
A: Tokens.Net is one of the best exchanges ColossusXT is listed at the moment in comparison to others in terms of volume.
  1. Tokens.net is one of the most secure and transparent exchanges out there, registered in the UK.
  2. The team behind the exchange has deep roots in the crypto/blockchain space, it was co-founded by Damian Merlak, a crypto-pioneer and co-founder of Bitstamp.
  3. Tokens.net provides free auto-trading tool / Market Making Bot. Their Dynamic Trading Rights concept adds transparency to trading volumes.
  4. They allow the community voting option of only truly decentralized projects after a thorough screening.
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Q: Hey everyone! What is the main purpose of the coin $COLX, does it have its own chain or is it some sort of an ERC-20 token? Thank you for the answers.
A: ColossusXT has never been an ERC-20 coin. We have been operating on our own mainnet since 2017. The purpose of ColossusXT (COLX) is to be the native currency of the Colossus Grid. This will allow users to share their idle resources on their computers, and consumers will rent/buy those resources to complete whatever they intend to use them for, from processing large DATA to running scientific simulations, to even mining PoW cryptocurrencies.
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Q: When we can expect any usecase for COLX? A company or service that uses colx for its activities / tasks.
A: There are currently use cases now if your location allows you to utilize the Polis Pay app, or if you have a Polis Pay card you can buy things with ColossusXT (COLX). I myself have tested the card buying gas at a gas station. These are not ColossusXT’s primary focus though and much of our use case will not start until the Colossus Grid is live.
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Q: What pairs will colx have to trade with on tokens.net // Will you connect #COLX with USDT EURS or BTC?
A: ColossusXT will be initially paired with Bitcoin (BTC). If the community would like different pairs, they can certainly request them and we will reach out to tokens.net and work to facilitate requests.
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Q: Will you try to convince users to trade on tokens.net if so how will you do it?
A: There is currently a gleam competition for users to sign up and trade on tokens.net. We “shill” tokens.net accordingly through social media to the ColossusXT community, but can’t really convince anyone to use a certain exchange, although we will try to push as many members to tokens.net as we can. We have many masternode holders who reside in the United States and they are not yet allowed to trade on tokens.net.
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Q: How will you try to create liquidity for your pairs?
A: We would like to increase the adoption rate with real-world partnerships such as our partnership with PolisPay for the use of gift/debit cards. As the liquidity is linked with the use cases, supply/demand mechanics, we are also preparing to provide additional use cases of COLX for the crypto world in an innovative & pioneering way; for the time being, we can hint this as a side business till we deliver fully operational Colossus Grid.
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Q: How big is a development team of #COLX?
A: The ColossusXT team is probably bigger than some people realize, partly because many of the team members are very private. We have 9 core members, 2 in-house developers, 3 Colossus Grid architects, and 2 Colossus Grid developers.
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Q: Do you have some security guys in the team?
A: Yes, although I’m hesitant to share too many personal details about team members. We have core team members who have been working in different fields of IT security for several years.
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Q: Since #COLX is planning on having some sort of a marketplace where you can take advantage of computing resources and the blockchain as well, are there any plans on introducing smart contracts? Will it help the grid? Is there a place for it?
A: This has been mentioned a few times in the past so it’s something on our radar, it’s currently not in the development timeline as the Colossus Grid is a massive amount of work. There may be a place for it as the blockchain industry evolves, and I can certainly see some cases where a smart contract can add some value to the Colossus Grid.
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Important Information:
Website
Whitepaper
Roadmap
Business Plan
Wiki
Governance
Partners
GitHub
What is ColossusXT? (YouTube)
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Follow ColossusXT on:
Twitter
Facebook
Telegram
Discord
Forums
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AMA History:
2018 Q1 2018 Q2 2018 Q3 2018 Q4
2019 Q1 2019 Q2 2019 Q3 2019 Q4
2020 Q1
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