Bitcoin Stays Above $10,000 for Longest Time in History ...

Some inspirational music for the Hodlers. Zhou Tonged with Holding (Billy Joel - The Longest Time). Stay strong in these though times Hodlers! Bitcoin will be victorious!

Some inspirational music for the Hodlers. Zhou Tonged with Holding (Billy Joel - The Longest Time). Stay strong in these though times Hodlers! Bitcoin will be victorious! submitted by CypherpunkShibbolet to Bitcoin [link] [comments]

12-23 22:13 - 'Holding for the longest time :) A classic song by Zhou Tonged' (youtube.com) by /u/xiphy removed from /r/Bitcoin within 43-53min

Holding for the longest time :) A classic song by Zhou Tonged
Go1dfish undelete link
unreddit undelete link
Author: xiphy
submitted by removalbot to removalbot [link] [comments]

I'm new to bitcoin and I'm not really interested in short term gains. I just want to hold my coin for the longest time possible. How does the fork happening tommorow effect me ?

I currently have my bitcoin stored in a mobile wallet by the way.
submitted by tysmithx99 to Bitcoin [link] [comments]

I thought for the longest time HODL meant Hold On for Dear Life, I just realized it was only a typo lol.. /r/Bitcoin

I thought for the longest time HODL meant Hold On for Dear Life, I just realized it was only a typo lol.. /Bitcoin submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

I'm new to bitcoin and I'm not really interested in short term gains. I just want to hold my coin for the longest time possible. How does the fork happening tommorow effect me ? /r/Bitcoin

I'm new to bitcoin and I'm not really interested in short term gains. I just want to hold my coin for the longest time possible. How does the fork happening tommorow effect me ? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

To print... or not to print? The effects of lost money and effective death taxes.

So, in the perfect economy, all goods would be distributed to every person according to their needs, and all people would have access to resources. However, there is a choice gradient, especially for simple wants, and that is why money, pricing, and markets exist. There is no socialist replacement that encapsulates a weighting of extreme want, vs need. For example, consider the following choice of life for life.
Person aged 79. Has heart disease. Needs a new heart, will probably die in 3 years without a new heart. REALLY REALLY wants to live.
Person aged 17. Has heart disease. Needs a new heart, will die in 2 months without a new heart. Suffers from depression and is suicidal.
Now, who needs the heart more? They are both humans, and both of their lives are important. They *SHOULD* both be saved. But, without artificial hearts, we need to make a choice, and if they both had equal resources, then they could devote their resources towards what was meaningful to them. Now in a society that only cares about absolute life lived, it is a no brainer to sacrifice the old to save the young, despite the older person having more wealth, and caring more about life, and having less of a need for the transplant. But in our capitalist society, the call will be made to save the one who spends more money. And this is the tyranny of capitalism.
But what about the choice of a woman who wants to homeschool her child vs a man who wants to buy a new car? This is a different choice, and is a choice of wants. Again, markets currently make this choice. Circumstances are everything, and need vs want is really not clear cut. For example, what if the car is needed to provide resources for a family? Or what if the homeschooling needs to be done because the child's life is at risk? These complicate the difference between need and want and turn clear cut decisions into aggregate inputs of demand. Which comes down to markets, pricing, money... and a useful discussion about whether the printing of new money is beneficial or harmful to a society in terms of socialist goals of having everyone fed clothed, and well off.
There are two schools of thought in this. Keynesian and Austrian economics. The Keynesian economic system is the economic system that drives modern capitalism. Under Keynesian theory, the goal is to devalue money at a slow, steady rate. This devaluing of money makes holding money akin to playing with a hot potato. People are penalized for saving, and they are encouraged to take on debt and over leverage themselves to acquire material possessions. This drives the rampant materialism seen so often in capitalist countries, and drives the valuation of material wealth over human life. People are driven to consume, and thus consumer culture arises as a function of devaluing money. The end game of Keynesian economics can be seen in hyper inflation, where the prices of all goods soar above the ability of the people to buy, and wages do not rise to meet the needs of the people.
The alternative is Austrian economics. Under the Austrian economic system, no new money is printed. The money supply is set in stone. When money is lost, it is lost forever, and there is slightly less money circulating in the system. As a consequence, the prices of all goods fall slightly over time to accommodate the lost value, and the appreciation of the base currency. This means that the everyday individual has an effective constant rise to their wages and standard of living if their wage does not change. If you want a very deep dive into Austrian economics, check here: https://en.wikipedia.org/wiki/Austrian_School
Austrian economists tend to be anarchocapitalist in their opinions, and nowhere is this more readily seen than in the bitcoin sphere. However, the implications of a society where no money is printed is extreme. Firstly, minimum wage would never have to be increased. Instead, employers would be fighting tooth and nail to see the minimum wage decrease. Consider a real world example. In 2010, the price of 1 bitcoin was $31.00. Say that congress had ordered that the minimum wage was to be 1 bitcoin. That same value today is $ 11,352. Now, this is obviously extreme, but it illustrates a powerful trend that would empower the working class over time, and dis-empower employers. I wish I had a better example where there was less rampant speculation than bitcoin, but other examples do not exist. Bitcoin is the longest running monetary system in modern times that is backed by a finite resource. Fiat currencies have gone off the gold standard.
This of course does not solve the other fundamental problems of capitalism. But it is a step ahead of the fiat system that dominates the capitalist world, and I believe a system where money was not printed would empower the workers and everyday people of the world.
submitted by Ghostcarapace3 to socialism [link] [comments]

Transcript of how Philip the tyrant admin of the Bitcoin Cash Telegram group called Spoice stupid, an idiot, a parrot among other insults then banned her instead of discussing Bitcoin Cash. That Telegram group is hostile, ABC/IFP shills run and follows the rBitcoin toxic censorship modus operandi.

David B., [18.10.20 01:46]
https://www.reddit.com/btc/comments/jdagi3/whats_up_with_the_bchn_hypocrisy/

David B., [18.10.20 01:47]
Wut x2

J Stodd, [18.10.20 01:49]
[In reply to David B.]
Their words are meaningless. They have no principles. Wish i could comment but bitcoinxio banned me from rbtc and never told me why

David B., [18.10.20 01:59]
These comments are so toxic

Spoice, [18.10.20 01:59]
In reality, the real continuation of Bitcoin as we all know it is what is carried on by BCHN, BU, BCHD and others

Spoice, [18.10.20 02:00]
ABC is changing the rules to something that is not Bitcoin

Spoice, [18.10.20 02:00]
anyone denying those facts is selling you snake oil

Spoice, [18.10.20 02:00]
If Blockstream tried to take some % to their own benefit, we would have never needed BCH in the first place

Spoice, [18.10.20 02:00]
everyone would have rejected them in a second

J Stodd, [18.10.20 02:01]
[In reply to Spoice]
Bitcoin Cash is not Bitcoin to start with, so who cares?

David B., [18.10.20 02:01]
[ Album ]

Spoice, [18.10.20 02:01]
yet we have ABC trying to pull this theft and all those puppets think it's ok

Spoice, [18.10.20 02:01]
JSTodd that's bullshit

David B., [18.10.20 02:01]
Like trying to talk to a core maxi about altcoins

Spoice, [18.10.20 02:01]
Bitcoin Cash is the most Bitcoin out of all Bitcoins

Spoice, [18.10.20 02:01]
it is the continuation of what Satoshi started

David B., [18.10.20 02:02]
Tbh they aren't even toxic

Michael Nunzio, [18.10.20 02:02]
[In reply to Spoice]
If the hash follows then it is Bitcoin Cash. Only if it doesn't is your claim true

J Stodd, [18.10.20 02:03]
[In reply to Spoice]
Bitcoin is Bitcoin. Bitcoin failed to be Peer to Peer Cash, so Bitcoin Cash attempted to fix this by forking Bitcoin and attacking the root of the problem. This does not mean Bitcoin Cash is literally Bitcoin. Adopt a different argument. Sorry if you bought into that bc of Rogers rantings

J Stodd, [18.10.20 02:05]
Bitcoin Cash can replace Bitcoin, and if Bitcoin dies and BCH wins then sure maybe it can take its name from its grave, but they are different products, trying to say Bitcoin stopped being "Bitcoin" and became BCH is a self contradiction.

Jingles, [18.10.20 02:08]
Jstodd's got some good points.

Jingles, [18.10.20 02:08]
He's learnt so much in the last year ☺️

Spoice, [18.10.20 02:08]
"Bitcoin is Bitcoin" is a false statement. BTC is just an instance of Bitcoin. Bitcoin is the set of rules defined in the whitepaper first and foremost, it is peer to peer electronic cash. BTC no longer fits that criteria. Bitcoin Cash meets them. The fork proposed by ABC also fails to meet that criteria. Therefore the continuation of Bitcoin is in whatever BU, BCHN, Flowee and others will continue.

Jingles, [18.10.20 02:09]
What rules were defined in the WP?

Spoice, [18.10.20 02:10]
Let's see which rules aren't: 1) No coinbase tax going to any centralized entity such as ABC 2) No throttling of TX throughput such as BTC

Spoice, [18.10.20 02:10]
therefore they both fail the simple "Is this Bitcoin?" test

Spoice, [18.10.20 02:11]
Finally, Michael, if you think Hash rate defines what Bitcoin is, you should stick to BTC

Jingles, [18.10.20 02:11]
21 million coins isn't in the WP

Jingles, [18.10.20 02:11]
I asked what rules did the WP define.

Spoice, [18.10.20 02:12]
Because BCH failed that criteria since it forked, therefore your point is wrong

Spoice, [18.10.20 02:12]
https://www.metzdowd.com/pipermail/cryptography/2009-January/014994.html

Spoice, [18.10.20 02:12]
The announcement of the white paper included the 21 million limit, close enough

Jingles, [18.10.20 02:12]
HIs announcement isn't the WP

Spoice, [18.10.20 02:12]
show me where Satoshi said that Amaury shoudl tax the chain?

Spoice, [18.10.20 02:12]
Doesn't matter- close enough

Jingles, [18.10.20 02:12]
Bitcoin is the set of rules defined in the whitepaper first and foremost - You

Jingles, [18.10.20 02:13]
My ears pricked up on that comment, so I'm asking you what you meant.

Spoice, [18.10.20 02:13]
Correct. Changing the 21 million hard limit is still more Bitcoin than taxing the Coinbase, yet both will never ever happen. Not to Bitcoin anyway

Jingles, [18.10.20 02:13]
If you meant Satoj's writings pre and post WP then you should be clear about it

Spoice, [18.10.20 02:13]
some bastardized chain might, just not Bitcoin

Jingles, [18.10.20 02:14]
The closest we have to anything to indicate what is "Bitcoiness" is general things like "the longest chain"

Spoice, [18.10.20 02:14]
No, it is never a single thing

David B., [18.10.20 02:15]
REEEE

Jingles, [18.10.20 02:15]
trustless, no single trusted third parties, and rules can change due to incentives via consensus

Spoice, [18.10.20 02:15]
it is a set of common sense and experiment driven and historical relevance and initial parameters and "peer to peer electronic cash" definition indicators

Spoice, [18.10.20 02:15]
never a single thing

Jingles, [18.10.20 02:16]
[In reply to Spoice]
This is like the exact opposite of what you said earlier

Jingles, [18.10.20 02:16]
Bitcoin is defined by the rules in the WP, I mean common sense.

Jingles, [18.10.20 02:16]
🤷‍♂️

Spoice, [18.10.20 02:16]
Nope, the rule set is defined in the white paper should never change, but I never said all rules are defined in the white paper

Jingles, [18.10.20 02:16]
What rules?

Spoice, [18.10.20 02:16]
It is a union

Jingles, [18.10.20 02:17]
What rules are there?

Spoice, [18.10.20 02:17]
Rules in the white paper + what continued to define Bitcoin thereafter

J Stodd, [18.10.20 02:17]
[In reply to Spoice]
> "Bitcoin is Bitcoin is a false statement."
Alas, if we cannot agree on the law of identity, aka A=A, then i dont understand how to hold a conversation with you using logic.
> BTC is an instance of Bitcoin
No, BTC is a ticker used optionally by exchanges. Other common tickers for bitcoin include XBC, XBT, BC (correct me if im wrong on any of these)
> "Bitcoin is a set of rules in the whitepaper"
Super hard to defend this. Theres no mention of a 21M supply cap, no blocksize limit *at all*, and it also says additional rules and incentives can be enforced (implying maybe they should).

Jingles, [18.10.20 02:17]
I go through this with BSVers all the time. We have no spec sheet of rules defining what Bitcoin is from Satoshi.

Spoice, [18.10.20 02:18]
Rules such as what defines a correct block, miners receiving the full incentive of mining it, etc

Jingles, [18.10.20 02:18]
The WP is a highlevel document

Spoice, [18.10.20 02:18]
The WP is a description of a scientific experiment

Spoice, [18.10.20 02:18]
if you want to start your own experiment, be my guest

Jingles, [18.10.20 02:18]
[In reply to Spoice]
Valid tx rules aren't defined in the WP

Spoice, [18.10.20 02:18]
just don't try to call it Bitcoin

Jingles, [18.10.20 02:19]
The word majority is in the WP an awful lot wouldn't you say?

Spoice, [18.10.20 02:19]
Not valid TX rules, but what a proof of work block is and how it diverts the reward to the miner, etc

Jingles, [18.10.20 02:20]
[In reply to Spoice]
and? what about BTC doesn't apply?

Jingles, [18.10.20 02:20]
I'm not arguing for any fork of BCH here.

Spoice, [18.10.20 02:20]
It no longer meets the very title of the white paper experiment, "Peer to peer electronic cash"

Spoice, [18.10.20 02:20]
The BTC instance of the experiment is destined to move away from the very title of the white paper

Jingles, [18.10.20 02:20]
It's electronic, and I use it like cash.

Spoice, [18.10.20 02:20]
that the maintainers even wanted to edit the white paper (Cobra and co) because of this fact

J Stodd, [18.10.20 02:20]
u/Spoice When did BTC stop being Bitcoin in your view? The day Amaury decided to launch the fork, before Segwit happened?
If someone else launched a fork first, they would have been "the real bitcoin"?
This is a game of whoever forks first becomes the real Bitcoin?
What if two people launched a fork at the exact same time, maybe even with identical specs?

Jingles, [18.10.20 02:21]
Where did I go wrong?

Jingles, [18.10.20 02:21]
[In reply to Spoice]
Did they?

Spoice, [18.10.20 02:21]
Doesn't matter if you use it today, its very technical fabric will have to move your transactions to 2nd layers and it will no longer be peer to peer electronic cash on chain

Jingles, [18.10.20 02:21]
peer to peer electronic cash on chain - Not in the wp

Jingles, [18.10.20 02:22]
We have satoj talking about HFT with sidechannels.

Jingles, [18.10.20 02:22]
So what?

Jingles, [18.10.20 02:23]
I think this is a good discussion Phil, nothing disrespectful is being said. I hope this is ok?

Spoice, [18.10.20 02:23]
Doesn't matter, the rule of common sense, which is closer to that title? Increasing a simple variable (Blocksize) to stay on track of the title and experiment, or introduce IOUs and Watchtowers and channels and locked BTC and that whole LN Bastardization? Which is close to the title?

Jingles, [18.10.20 02:23]
No one said that can't happen

Michael Nunzio, [18.10.20 02:24]
[In reply to Spoice]
Congratulations you've made an argument which isn't an argument.

Jingles, [18.10.20 02:25]
The whole thing that was said was the system is based on majority rules, and incentives can be changed. Majority breaks any deadlock.

David B., [18.10.20 02:25]
How to kill a coin 101

Spoice, [18.10.20 02:25]
Logic fails anyone who tries to claim BTC, ABC, BSV or any similar standalone experiments as Bitcoin, because of simple sanity checks and logic checks, often stemming out of common sense - If what you have moves you a single step away from what is otherwise the same old experiment which Satoshi wrote about and unleashed, you're not Bitcoin. If what you have moves you a step closer, it is Bitcoin. and so on and so forth.

Phlip - Not giving away coins, [18.10.20 02:25]
Wow, really fanatical almost religious statements. I guess its Sunday morning.

Jingles, [18.10.20 02:27]
[In reply to Spoice]
There's nothing common about common sense. You point to the WP to make a point, and your point isn't in there.

Spoice, [18.10.20 02:27]
Throttled and you need off-chain IOUs and always-on services to function (BTC) ? Not Bitcoin. Requires permission to be used and could be centrally confiscated on the whim of the organization behind it (BSV)? Not Bitcoin. Premined (Bitcoin Gold, Diamond)? Not Bitcoin. Taxing the miners through Coinbase and changing the incentives which were at play since day 0 (ABC)? Not Bitcoin

Spoice, [18.10.20 02:27]
simple checks really, yet those who are set to benefit will of course be oblivious to these

Phlip - Not giving away coins, [18.10.20 02:28]
This whole “Bitcoin Cash is the true Bitcoin - see whitepaper” is really stupid. It also ignores the history of how Bitcoin Cash came into existence

Jingles, [18.10.20 02:28]
Phillip, remove anyone here that has said Bitcoin Gold was the original Bitcoin immediately

Jingles, [18.10.20 02:28]
^^^^

Jingles, [18.10.20 02:29]
[In reply to Phlip - Not giving away coins]
It falls to pieces the moment it's questioned.

Spoice, [18.10.20 02:29]
It is not about "True" Bitcoin

Spoice, [18.10.20 02:30]
It is about the Bitcoin closest to the experiment which always was

Spoice, [18.10.20 02:30]
I don't care about "True" or not, they all are true

Phlip - Not giving away coins, [18.10.20 02:30]
[In reply to Jingles]
Sorry, I hve stopped reading all the sillyness above. Will reread later

Jingles, [18.10.20 02:30]
[In reply to Phlip - Not giving away coins]
I'm joking around 😂

Spoice, [18.10.20 02:30]
but the rule of entropy says I shouldn't place my money nor effort in experiments which are set to fade eventually, because they have skewed incentives

Phlip - Not giving away coins, [18.10.20 02:31]
[In reply to Spoice]
You get to chose that for yourself but you do not get to dictate it for others

David B., [18.10.20 02:31]
[In reply to Phlip - Not giving away coins]
Don't read it. You will have no braincells left

Spoice, [18.10.20 02:31]
Bitcoin as we know it has a long track record of incentives which work

Spoice, [18.10.20 02:31]
I won't ever dictate it for others

Spoice, [18.10.20 02:31]
I only would dictate it for myself, just like how I never use BTC or BSV today, I won't use ABC tomorrow

Spoice, [18.10.20 02:32]
only because they're new experiments

Spoice, [18.10.20 02:32]
interesting, and I wish them luck

Jingles, [18.10.20 02:32]
"Bitcoin is Bitcoin" is a false statement - Spoice 2020

Spoice, [18.10.20 02:32]
but I would rather stick to the Bitcoin I know

Spoice, [18.10.20 02:32]
that's all

Jingles, [18.10.20 02:32]
I won't ever dictate it for others - Also Spoice
Phlip - Not giving away coins, [18.10.20 02:32]
Bitcoin Cash came with a plan snd goals. They were clearly presented in two presentations that happened before viabtc announced they would mine with ABC software and create a coin and chain named Bitcoin Cash

Spoice, [18.10.20 02:32]
Yes, because he means BTC is Bitcoin, and that's a false statement

Jingles, [18.10.20 02:32]
How is it false?

Spoice, [18.10.20 02:32]
It is an instance of Bitcoin

Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:33]
[In reply to Michael Nunzio]
you're looking intimidatingly handsome in your new profile picture

Phlip - Not giving away coins, [18.10.20 02:33]
[In reply to Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ]]
Lol

Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:33]
[In reply to J Stodd]
actually a good question

Spoice, [18.10.20 02:34]
Anyway, those are my two cents

Spoice, [18.10.20 02:34]
Everyone is free to choose which experiments to pour their effort on and their money in

Phlip - Not giving away coins, [18.10.20 02:34]
[In reply to Spoice]
You are entitled to your opinion.

Spoice, [18.10.20 02:34]
Andreas is publishing Lightning Network books, I mean

Spoice, [18.10.20 02:34]
So to each his own

Phlip - Not giving away coins, [18.10.20 02:35]
[In reply to Spoice]
Lets leave it at that

Spoice, [18.10.20 02:35]
but Bitcoin as I know it continues with no Tax, and that in my opinion is BCH with no tax

Phlip - Not giving away coins, [18.10.20 02:35]
Ah you had to continue

Phlip - Not giving away coins, [18.10.20 02:36]
Good thing no tax is proposed by anyone
Spoice, [18.10.20 02:35]
Isn't this the Bitcoin Cash telegram?

Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:35]
😅

Spoice, [18.10.20 02:36]
If I don't discuss Bitcoin Cash here, where should I?

Spoice, [18.10.20 02:36]
Tax, IFP, call it what you will

Spoice, [18.10.20 02:36]
from my perspective as a user, it's one the same

J Stodd, [18.10.20 02:36]
[In reply to Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ]]
I bet nobody will answer it, either

Phlip - Not giving away coins, [18.10.20 02:37]
[In reply to Spoice]
Apparently btc /s

David B., [18.10.20 02:37]
[In reply to Spoice]
As a user what do you care?

Jingles, [18.10.20 02:37]
Ooh, can I shill the Bitcoin room in here?

Spoice, [18.10.20 02:37]
Nah, I prefer quick responses and chats

Spoice, [18.10.20 02:37]
Reddit is broken

Phlip - Not giving away coins, [18.10.20 02:37]
[In reply to Jingles]
Lol

J Stodd, [18.10.20 02:37]
[In reply to Spoice]
Nobody even pays it, it just comes out of the block reward. The block reward is not sentient, it cannot be stolen from or wronged

Phlip - Not giving away coins, [18.10.20 02:37]
Dont push your luck 😉

Jingles, [18.10.20 02:37]
[ 😀 Sticker ]

Michael Nunzio, [18.10.20 02:38]
[In reply to Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ]]
You too brother. 🙏

Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:38]
[In reply to Michael Nunzio]
but mine is the same....i need new ones everyone always calls me fat because of this one

Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:38]
literally if i say 1 thing to any troll anywhere first thing they say is "ok fatass"

Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:38]
i blame this dumb photographer

Michael Nunzio, [18.10.20 02:38]
[In reply to Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ]]
Don't listen.

Phlip - Not giving away coins, [18.10.20 02:39]
u/spoice maybe write a read.cash article if you really feel you need to educate people

Spoice, [18.10.20 02:39]
David, as a user I believe that each new experiment carries risk with it, why should I take part in a new fork of Bitcoin which has a new set of game-theory rules which doesn't even benefit me, rather it benefits some other entity which will take 5% of any effort or economic activity I produce on this chain? They're also off-loading the risk to me as a usebuildebusiness who choose to join their experiment.

Spoice, [18.10.20 02:40]
Why should I take that risk while the Bitcoin I know and have known for over 10 years worked perfectly for me thus far? (BCH, that is)

Jingles, [18.10.20 02:40]
small fees and empty blocks?

Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:41]
It will insure that a centralized group has control over development and they are by decree in the code, it's a literal take over.

Phlip - Not giving away coins, [18.10.20 02:41]
[In reply to Spoice]
“BSV-freeze the protocol - true Bitcoin” sounds like more your thing

David B., [18.10.20 02:41]
[In reply to Spoice]
Better run bitcoin core 0.1

Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:41]
Imagine if satoshi keyd his address in the code to be paid out of every block, but instead of paying himself started a company "Bitcoin Dev Co"

Spoice, [18.10.20 02:42]
Not really, BSV kills the incentives I am discussing too

Phlip - Not giving away coins, [18.10.20 02:42]
[In reply to Jingles]
Please stay nice now

Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:42]
No one would ever be able to say Bitcoin was Decentralized, Bitcoin Dev Co would get paid directly from the reward.

Jingles, [18.10.20 02:42]
[In reply to Phlip - Not giving away coins]
"BSV: We have all the Bad Idea. On chain"

Spoice, [18.10.20 02:42]
The Nash equilibrium we have tested for the past 10 years will be changed with ABC, it changed with BTC and BSV too

Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:42]
"Bad Solutions Verified"

Spoice, [18.10.20 02:42]
that game-theory set of incentives

Spoice, [18.10.20 02:43]
why would I want to take a risk with any of those experiments when I gain 0?

David B., [18.10.20 02:43]
Better run bitcoin core 0.1

Spoice, [18.10.20 02:43]
Nope, you're talking technical freezing of development, that's not what I am addressing

Jingles, [18.10.20 02:43]
[In reply to David B.]
Thats the BTC chain though

Phlip - Not giving away coins, [18.10.20 02:43]
[In reply to Spoice]
O please share with us your background in the subject. Or are you now just parroting others

Spoice, [18.10.20 02:44]
BSV wants to freeze the technical development and they want a stable protocol from an API/development perspective

Spoice, [18.10.20 02:44]
but from an incentive ruleset perspective, they already butchered the equilibrium Bitcoin had

Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:44]
[In reply to Phlip - Not giving away coins]
That's one of those phrases, when you hear it you know they are just a parrot of someones propaganda. "MUH NASH EQUILIBRIUM!"

David B., [18.10.20 02:44]
Stable = bad?

Jingles, [18.10.20 02:45]
[In reply to Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ]]
I love you

Spoice, [18.10.20 02:45]
Philip, for an admin you are ought to be nicer, if you think I am parroting others you're free to think that, but to state it so bluntly in your position is just... wrong

Spoice, [18.10.20 02:46]
If you think the point I made is wrong, discuss it

Phlip - Not giving away coins, [18.10.20 02:46]
[In reply to Jingles]
Maybe talk to him in DM about that?😉

Spoice, [18.10.20 02:46]
not me

Jingles, [18.10.20 02:46]
[In reply to Phlip - Not giving away coins]
working on it.

Phlip - Not giving away coins, [18.10.20 02:46]
[In reply to Spoice]
I ought to be nicer...😂😂😂

Spoice, [18.10.20 02:47]
Also, anyone who studied Bitcoin at length and its set of incentives and game-theory ruleset should know what a Nash Equilibrium is and who the players are in the Bitcoin game

Phlip - Not giving away coins, [18.10.20 02:47]
[In reply to Spoice]
You state as fact. You get to dhow why your statements or opinions are even relevant.

Spoice, [18.10.20 02:48]
If it's not a fact, highlight how

Spoice, [18.10.20 02:48]
don't attack me

Spoice, [18.10.20 02:48]
prove me wrong

Spoice, [18.10.20 02:48]
if you fail that simple debate test

David B., [18.10.20 02:48]
How's that breakfast helping?

Spoice, [18.10.20 02:48]
you should rename from Janitor to Tyrant

Jingles, [18.10.20 02:48]
I'm still waiting to see the defined rules as per the wp

Michael Nunzio, [18.10.20 02:49]
[In reply to Spoice]
Didn't know this was stand up comedy night in here.

Michael Nunzio, [18.10.20 02:49]
I missed the memo

Phlip - Not giving away coins, [18.10.20 02:49]
If I have to prove all idiots on the internet wrong I would have a hard time. You are starting to really waste everybody’s time. You state, you prove. Or you are just generating noise

Phlip - Not giving away coins, [18.10.20 02:50]
[In reply to Spoice]
Be careful now.

Michael Nunzio, [18.10.20 02:50]
Noisy bugger.

Phlip - Not giving away coins, [18.10.20 02:52]
Getting close to just do some cleaning up.

Spoice, [18.10.20 02:52]
If you can't debate technical points I am making about Bitcoin Cash on a Bitcoin Cash Telegram, and within the span of 10 minutes you called me stupid, idiot, noisy and a parrot, you absolutely are a tyrant and I stand by my point: You should not be an admin here, nor anywhere actually. If you think I should be careful for the fear of you banning me, go ahead. You still fail to debate the simplest technical point and yet claim you can "but can't be bothered to". You remind me of that Thermos guy.

Spoice, [18.10.20 02:53]
How do people with 0 technical know how end up in these admin positions is beyond me

Jingles, [18.10.20 02:53]
I challenged your comments and you just changed the goal posts.

Phlip - Not giving away coins, [18.10.20 02:53]
[In reply to Spoice]
Ok. You are not paying me and you are free to create noise elsewhere
submitted by wisequote to btc [link] [comments]

CryptoSmarts 4: The Best Free Password Managers

CryptoSmarts 4: The Best Free Password Managers
MintDice is proud to bring you the fourth part of the CryptoSmarts series, a 100% unbiased/non-affiliate paid article set that will focus on relatively simple ways you can boost your privacy, take power away from overbearing governments and corporations while also doing relative good for society all at the same time with minimal effort. Rest assured that anything suggested here is solely for your own benefit.
In this article, we'll take a deep dive into password managers, which applications to go for, how to optimize your password managers and which ones to avoid. It's of increasing importance for all users to adopt a password manager because commonly used passwords and repeated use of log-in + password combinations are the two weakest points in any normal individual's security online. Meanwhile, memorizing dozens of unique and complex passwords is beyond the scope of what most people can do, especially long term. Thus password managers have been created as a way to store multiple passwords into a single file that can help ensure your security and privacy online.
For a little encouragement, we'll share the now extremely famous dialogue between Edward Snowden and John Oliver talking about passwords. As should be painfully obvious by now, password managers are one of the best solutions to this entire dilemma.

https://preview.redd.it/ribbtjwz1it51.png?width=1000&format=png&auto=webp&s=3c3a9a31bdb8c4f9ec83bea98638fec5dd78b38f

PASSWORD MANAGER BASICS

We should first note that not all password managers are created the same as we've noted with software across all of our other articles. By and large, we'll be looking for similar characteristics in our password managers as we would our other software which includes open sourced software protocols and best software security practices. And when it comes to Bitcoin, cryptocurrency and your entire life's work on the internet, there is a lot at stake here. I'd argue that it is more important for password managers than for any other application to make sure to get this one correct since it will have your entire livelihood on the line.
The very amazing thing with demanding open sourced software for your password manager is that it by definition will also be free at the most basic level. This is because if it weren't, all it would take would be someone to fork over a program to make it free. So you are in a sense getting the best of both worlds here; a free software that is also of the highest quality. Meanwhile, ironically, many of the more commonly known password managers like Dashlane or Lastpass use closed source software and often charge fees to use their service. Funnily enough, Lastpass, the password manager itself, was actually formerly hacked in the past. One could argue this at least in part had to do with it's closed source software since having open sourced software at least in part makes software more secure. In short, do not used these closed source services that are frequently advertised for on the web as they are detrimental to you in more ways than one.

RECOMMENDED BEST PASSWORD MANAGERS

Bitwarden is our first recommendation. Bitwarden is truly one of the all time greats by approaching password management on the individual, team and even enterprise level to create a one size fits all solution. Bitwarden is compatible on virtually all devices out there from all desktops to mobile devices and so forth. Additionally, while they offer a centralized cloud service for free, Bitwarden is also set up to allow you to run your own private server to keep your own key base entirely under your own control, fully encrypted.

https://preview.redd.it/zmlkf5d12it51.jpg?width=770&format=pjpg&auto=webp&s=02998b777d05ab00557a97c616a4b0d505b324aa
Next up we have KeePassXC which is a fork of one of the longest standing password managers in existence, formerly known as KeePass that halted a lot of it's ongoing development some time ago. KeePassXC was created as a locally held password manager application that could work across platforms. Unlike Bitwarden where your key file is held in cloud storage, KeePassXC is simply a program client and a local file that you must maintain and backup yourself. This has some pros and cons. The good news is that you have full control of everything related to KeePassXC as the program under most situations will not be talking to any online server which could expose private or sensitive information. The bad news is that if you ever were to lose control of your key file, you are completely out of luck. For this reason, it's imperative to back up your encrypted key file in multiple locations to protect against what would be catastrophic loss. You can do this with USB drives, e-mail accounts, cloud storage, safe deposit boxes or a whole host of other creative solutions that you might come up with.
The final recommended option is LessPass. LessPass is very interesting technology because it is a no-knowledge password manager. By inputting a few pieces of information which could be a master password in conjunction with an e-mail address or user name, a password is automatically attached to any URL address. It will simply cross all of these pieces of information via PBKDF2 and SHA-256 to produce random yet consistent outputs for any of your web browsing. The advantage of this program is that it is extremely light weight, and so long as you can remember your e-mail address, account name and master password, you can now gain full access to everything around the internet without the need of any files. The downside is some level of control over password flexibility since the passwords are automatically generated for you.
In summation of these three options, BitWarden is the best overall password manager for most people's use cases. Meanwhile, LessPass is probably best suited for the most casual user who contains fewer accounts across the internet and wants something extremely simple and easy to use. Lastly, KeePassXC, will be the ultimate in privacy password manager technology and is best suited for those that are prepared to take the extra steps to ensure their key file is kept up to date as the months and years tick by.

https://preview.redd.it/r4icjup22it51.jpg?width=1920&format=pjpg&auto=webp&s=622cf1b967ec5622e3feb2b49e5ac29917629cdf

BEST PRACTICES WITH YOUR NEW PASSWORD MANAGER

Once you have chosen a password manager from the above list, it will be important to change all of your account passwords one by one to incorporate it into your new system. This will help you get away from your commonly used log-in and password combinations and over to your new, more secure and robust set up. With your new set up, if you have a key file to back up, you must now start getting in the habit of doing so, especially after major or important changes to your password manager. Or if you wish to use BItWarden with a private cloud server, make sure that that is fully set up and running.
Generally speaking, when choosing password length from your password manager for standard and robust security, 25 random characters, letters (and symbols if you wish, but they aren't necessary), is mostly considered to be uncrackable. This is because while every password is in theory beatable, it takes dramatically more computational energy over time to figure out what your password is, and at some point, it becomes unreasonable. That said, NSA grade security often holds itself up to 50 random characters which is considered to be unbreakable even on a government wide scale.
On that same token, you'll have to use a master password for your password manager. Given that you only need to know one password, it will now be extremely important to make this a very good password. Because a password that you need to remember most likely won't (or perhaps shouldn't) be completely random so that it's easy to remember, it should, at the very least, be long. I would suggest making sure that you come up with a master password that is at least 40 characters long or 125 bits of information. To check out how many bits of entropy your master password is, you can type it into the password field of KeePassXC and it will tell you roughly how secure your master password is. While 40 characters may seem like a lot, do keep in mind that this is now the only gateway between yourself and all of your access keys to all of your accounts held on this account.

Bits of Entropy Example on KeePassXC
Finally, it is worth investing in a YubiKey or similar 2-FA device if you can get one. This can apply to BitWarden and KeePassXC. With the normal password managers, a hacker will need access to not only your password but also your key file in order to have free reign over all of your accounts. However, a sophisticated hacker that has full access to your device with a keylogger could ultimately, in theory, compromise your full set up, and this would be disastrous for you. Fortunately, this can be resolved by buying and activating a Yubikey or other such device. The Yubikey example requires that a Yubikey, with a private key that you set up for your password manager, is present to access your database. Therefore, even if a hacker were to obtain your key file and your master password, they still won't be able gain access to your account. As a precaution, however, if you lose access to your Yubikey and/or private key, you too, will be locked out. Therefore, it is important to keep your Yubikey backed up and to keep extra copies available.

IN CONCLUSION

Owning Bitcoin or other cryptocurrencies comes with a lot of responsibility if you want to minimize risk. As does maintaining a strong hack-resistant presence online. One of the best defenses you can make is by implementing a password manager. Similar to the previous CryptoSmarts articles that we have written prior, it will take some small amount of set up work to get fully acclimated to your new system, but you'll thank yourself down the road that you have done this. And the sooner you start, the better, as things will only continue to get more complex, with more risk factors at play as the internet plays an ever increasing role in all of our day to day lives.
Finally, while the article is current as of the writing of the article, it will undoubtedly lose merit over time. Be sure to check if everything in this article is up to date or that any password manager that you select from this article continues development or continues to abide by the proper best practice principles.
If you enjoyed this article, we would encourage you to check out our other previous CryptoSmarts articles discussing private e-mails, secure messenger applications and proper web browsers.
submitted by MintDiceOfficial to MintDice [link] [comments]

UBDI Update 6/2/2020

UBDI Update 6/2/2020
We know the world is crazy, and we’ve been hard at work trying to fix the parts we think we can improve with the UBDI platform. Monetizing data isn’t easy, clients are used to scale at the size of Facebook (1B+), making it difficult for them to understand the value that can derived from just tens of thousands -- especially when their profit comes from reach, engagement and attention as people continuously come back to the platform to view and add information.
UBDI’s mission is and will always be empowering people with their data to create a Universal Basic Data Income. Period. End of Story. To get there though, some changes needed to be made.
We’re in the process of building (you’ll probably notice some transition states in the app) a safe place where you can anonymously communicate, learn, and earn from your data with communities of people like you.
We recognized early on that there were a variety of growing pains that made linking sources burdensome, and led to long wait times for updates, failed data fetches and authorizations (oh man, those authorizations!) and an architecture that was often more confusing than alleviating (like the two app system).
So we’ve been working hard to
  • Mitigate pain-points by:
    • Linking API’s directly with UBDI (so it can be a one app system, while more easily blocking fraudulent data contributions)
    • Ensuring this structure continues our mission to legally and technically protect you even from us
    • Most sources are now integrated and we are waiting on developer approval
  • Creating anonymous and private social features
    • Tribes which will allow users to privately communicate in interest groups, using data to amplify the attributes we’re most proud of
    • Ability to vote and post polls (coming this week) with data analytics so you can see what people like (or unlike) you think about an issue or topic. Initially you will be able to add links and (next week) we will add pictures and video -- so get ready to see lots of pictures of my dog in an animals group

https://preview.redd.it/0twb01ecrk251.png?width=1125&format=png&auto=webp&s=7ba8351463b8e01598867847addc701fa02f440f
  • Ability to anonymously comment & respond and soon… generate and choose the public traits and insights you want others to see when you comment like your Call of Duty K/D, when you first invested in Bitcoin, or how much you spend on tacos (coming soon)
    • More features coming this summer below!
  • New ways to earn
    • Imagine if advertisers going to Facebook or Twitter went directly to you! With all your data attributes in one place, we’re creating the best place to shift your attention, while paying you for it!
  • Continued proof points
    • We hope this passive engagement and feedback will open up new earning avenues (like personalized offers and ads) which will allow you to earn as you engage. These features will NOT be replacing studies -- in fact, we’re currently running COVID studies with the potential to earn up to $180!
  • Features coming this summer
    • Eventually, we’ll utilize the data to create fun competitions that mobilize tribes through the offering of cash awards for running the longest, gaming most, or securing the best returns on your investments.
    • Notifications so you actually know someone responded to your comments
    • Data insight stories (we’ll save this as a surprise for you but WE ARE HYPED)
    • Public vs Private traits on comments to show your clout
    • Specialized tribes that utilize public apis to generate fun and interactive insights
  • Reducing payout friction and fees
    • We’re experimenting/exploring with Uphold: This new wallet will quite literally allow you to trade your data, for gold! We hope this new payout experience would give our domestic and international users the flexibility to cheaply withdraw in the currency, or asset they feel most comfortable holding. Lower fees, better UX-- time will tell.
While opinion data is great, our mission has never been to be a survey app, instead, we have been fighting for individuals to be fairly compensated for the data they generate every day. By adding engaging features, we’re creating more ways for users to be paid for their data, while learning and engaging with other users.
We understand that these are BIG changes and that some members may not love them in their early stages. We’ll continue to listen and learn from the community to understand how our new features are being received while we create a system built to last so all of you can thrive.
P.S.
If you’re having trouble with the app make sure it’s updated to the newest version (we push updates all the time!) We’ve also made this easier to find! If that doesn’t work, you can always shake the app to report the bug to support.
https://preview.redd.it/z2r4rv77sk251.png?width=1118&format=png&auto=webp&s=bae5ae04ed14d61d603dd48d409daf51e4002f6e
submitted by UBDI to UBDI [link] [comments]

Review and Prospect of Crypto Economy-Development and Evolution of Consensus Mechanism (2)

Review and Prospect of Crypto Economy-Development and Evolution of Consensus Mechanism (2)

https://preview.redd.it/a51zsja94db51.png?width=567&format=png&auto=webp&s=99e8080c9e9b1fb5e11cbd70f915f9cb37188f81
Foreword
The consensus mechanism is one of the important elements of the blockchain and the core rule of the normal operation of the distributed ledger. It is mainly used to solve the trust problem between people and determine who is responsible for generating new blocks and maintaining the effective unification of the system in the blockchain system. Thus, it has become an everlasting research hot topic in blockchain.
This article starts with the concept and role of the consensus mechanism. First, it enables the reader to have a preliminary understanding of the consensus mechanism as a whole; then starting with the two armies and the Byzantine general problem, the evolution of the consensus mechanism is introduced in the order of the time when the consensus mechanism is proposed; Then, it briefly introduces the current mainstream consensus mechanism from three aspects of concept, working principle and representative project, and compares the advantages and disadvantages of the mainstream consensus mechanism; finally, it gives suggestions on how to choose a consensus mechanism for blockchain projects and pointed out the possibility of the future development of the consensus mechanism.
Contents
First, concept and function of the consensus mechanism
1.1 Concept: The core rules for the normal operation of distributed ledgers
1.2 Role: Solve the trust problem and decide the generation and maintenance of new blocks
1.2.1 Used to solve the trust problem between people
1.2.2 Used to decide who is responsible for generating new blocks and maintaining effective unity in the blockchain system
1.3 Mainstream model of consensus algorithm
Second, the origin of the consensus mechanism
2.1 The two armies and the Byzantine generals
2.1.1 The two armies problem
2.1.2 The Byzantine generals problem
2.2 Development history of consensus mechanism
2.2.1 Classification of consensus mechanism
2.2.2 Development frontier of consensus mechanism
Third, Common Consensus System
Fourth, Selection of consensus mechanism and summary of current situation
4.1 How to choose a consensus mechanism that suits you
4.1.1 Determine whether the final result is important
4.1.2 Determine how fast the application process needs to be
4.1.2 Determining the degree to which the application requires for decentralization
4.1.3 Determine whether the system can be terminated
4.1.4 Select a suitable consensus algorithm after weighing the advantages and disadvantages
4.2 Future development of consensus mechanism
Last lecture review: Chapter 1 Concept and Function of Consensus Mechanism plus Chapter 2 Origin of Consensus Mechanism
Chapter 3 Common Consensus Mechanisms (Part 1)
Figure 6 Summary of relatively mainstream consensus mechanisms
📷
https://preview.redd.it/9r7q3xra4db51.png?width=567&format=png&auto=webp&s=bae5554a596feaac948fae22dffafee98c4318a7
Source: Hasib Anwar, "Consensus Algorithms: The Root Of The Blockchain Technology"
The picture above shows 14 relatively mainstream consensus mechanisms summarized by a geek Hasib Anwar, including PoW (Proof of Work), PoS (Proof of Stake), DPoS (Delegated Proof of Stake), LPoS (Lease Proof of Stake), PoET ( Proof of Elapsed Time), PBFT (Practical Byzantine Fault Tolerance), SBFT (Simple Byzantine Fault Tolerance), DBFT (Delegated Byzantine Fault Tolerance), DAG (Directed Acyclic Graph), Proof-of-Activity (Proof of Activity), Proof-of- Importance (Proof of Importance), Proof-of-Capacity (Proof of Capacity), Proof-of-Burn ( Proof of Burn), Proof-of-Weight (Proof of Weight).
Next, we will mainly introduce and analyze the top ten consensus mechanisms of the current blockchain.
》POW
-Concept:
Work proof mechanism. That is, the proof of work means that it takes a certain amount of computer time to confirm the work.
-Principle:
Figure 7 PoW work proof principle
📷
https://preview.redd.it/xupacdfc4db51.png?width=554&format=png&auto=webp&s=3b6994641f5890804d93dfed9ecfd29308c8e0cc
The PoW represented by Bitcoin uses the SHA-256 algorithm function, which is a 256-bit hash algorithm in the password hash function family:
Proof of work output = SHA256 (SHA256 (block header));
if (output of proof of work if (output of proof of work >= target value), change the random number, recursive i logic, continue to compare with the target value.
New difficulty value = old difficulty value* (time spent by last 2016 blocks /20160 minutes)
Target value = maximum target value / difficulty value
The maximum target value is a fixed number. If the last 2016 blocks took less than 20160 minutes, then this coefficient will be small, and the target value will be adjusted bigger, if not, the target value will be adjusted smaller. Bitcoin mining difficulty and block generation speed will be inversely proportional to the appropriate adjustment of block generation speed.
-Representative applications: BTC, etc.
》POS
-Concept:
Proof of stake. That is, a mechanism for reaching consensus based on the holding currency. The longer the currency is held, the greater the probability of getting a reward.
-Principle:
PoS implementation algorithm formula: hash(block_header) = Coin age calculation formula: coinage = number of coins * remaining usage time of coins
Among them, coinage means coin age, which means that the older the coin age, the easier it is to get answers. The calculation of the coin age is obtained by multiplying the coins owned by the miner by the remaining usage time of each coin, which also means that the more coins you have, the easier it is to get answers. In this way, pos solves the problem of wasting resources in pow, and miners cannot own 51% coins from the entire network, so it also solves the problem of 51% attacks.
-Representative applications: ETH, etc.
》DPoS
-Concept:
Delegated proof of stake. That is, currency holding investors select super nodes by voting to operate the entire network , similar to the people's congress system.
-Principle:
The DPOS algorithm is divided into two parts. Elect a group of block producers and schedule production.
Election: Only permanent nodes with the right to be elected can be elected, and ultimately only the top N witnesses can be elected. These N individuals must obtain more than 50% of the votes to be successfully elected. In addition, this list will be re-elected at regular intervals.
Scheduled production: Under normal circumstances, block producers take turns to generate a block every 3 seconds. Assuming that no producer misses his order, then the chain they produce is bound to be the longest chain. When a witness produces a block, a block needs to be generated every 2s. If the specified time is exceeded, the current witness will lose the right to produce and the right will be transferred to the next witness. Then the witness is not only unpaid, but also may lose his identity.
-Representative applications: EOS, etc.
》DPoW
-Concept:
Delayed proof of work. A new-generation consensus mechanism based on PoB and DPoS. Miners use their own computing power, through the hash algorithm, and finally prove their work, get the corresponding wood, wood is not tradable. After the wood has accumulated to a certain amount, you can go to the burning site to burn the wood. This can achieve a balance between computing power and mining rights.
-Principle:
In the DPoW-based blockchain, miners are no longer rewarded tokens, but "wood" that can be burned, burning wood. Miners use their own computing power, through the hash algorithm, and finally prove their work, get the corresponding wood, wood is not tradable. After the wood has accumulated to a certain amount, you can go to the burning site to burn the wood. Through a set of algorithms, people who burn more wood or BP or a group of BP can obtain the right to generate blocks in the next event segment, and get rewards (tokens) after successful block generation. Since more than one person may burn wood in a time period, the probability of producing blocks in the next time period is determined by the amount of wood burned by oneself. The more it is burned, the higher the probability of obtaining block rights in the next period.
Two node types: notary node and normal node.
The 64 notary nodes are elected by the stakeholders of the dPoW blockchain, and the notarized confirmed blocks can be added from the dPoW blockchain to the attached PoW blockchain. Once a block is added, the hash value of the block will be added to the Bitcoin transaction signed by 33 notary nodes, and a hash will be created to the dPow block record of the Bitcoin blockchain. This record has been notarized by most notary nodes in the network. In order to avoid wars on mining between notary nodes, and thereby reduce the efficiency of the network, Komodo designed a mining method that uses a polling mechanism. This method has two operating modes. In the "No Notary" (No Notary) mode, all network nodes can participate in mining, which is similar to the traditional PoW consensus mechanism. In the "Notaries Active" mode, network notaries use a significantly reduced network difficulty rate to mine. In the "Notary Public Activation" mode, each notary public is allowed to mine a block with its current difficulty, while other notary public nodes must use 10 times the difficulty of mining, and all normal nodes use 100 times the difficulty of the notary public node.
Figure 8 DPoW operation process without a notary node
📷
https://preview.redd.it/3yuzpemd4db51.png?width=500&format=png&auto=webp&s=f3bc2a1c97b13cb861414d3eb23a312b42ea6547
-Representative applications: CelesOS, Komodo, etc.
CelesOS Research Institute丨DPoW consensus mechanism-combustible mining and voting
》PBFT
-Concept:
Practical Byzantine fault tolerance algorithm. That is, the complexity of the algorithm is reduced from exponential to polynomial level, making the Byzantine fault-tolerant algorithm feasible in practical system applications.
-Principle:
Figure 9 PBFT algorithm principle
📷
https://preview.redd.it/8as7rgre4db51.png?width=567&format=png&auto=webp&s=372be730af428f991375146efedd5315926af1ca
First, the client sends a request to the master node to call the service operation, and then the master node broadcasts other copies of the request. All copies execute the request and send the result back to the client. The client needs to wait for f+1 different replica nodes to return the same result as the final result of the entire operation.
Two qualifications: 1. All nodes must be deterministic. That is to say, the results of the operation must be the same under the same conditions and parameters. 2. All nodes must start from the same status. Under these two limited qualifications, even if there are failed replica nodes, the PBFT algorithm agrees on the total order of execution of all non-failed replica nodes, thereby ensuring security.
-Representative applications: Tendermint Consensus, etc.
Next Lecture: Chapter 3 Common Consensus Mechanisms (Part 2) + Chapter 4 Consensus Mechanism Selection and Status Summary
CelesOS
As the first DPOW financial blockchain operating system, CelesOS adopts consensus mechanism 3.0 to break through the "impossible triangle", which can provide high TPS while also allowing for decentralization. Committed to creating a financial blockchain operating system that embraces supervision, providing services for financial institutions and the development of applications on the supervision chain, and formulating a role and consensus ecological supervision layer agreement for supervision.
The CelesOS team is dedicated to building a bridge between blockchain and regulatory agencies/financial industry. We believe that only blockchain technology that cooperates with regulators will have a real future. We believe in and contribute to achieving this goal.

📷Website
https://www.celesos.com/
📷 Telegram
https://t.me/celeschain
📷 Twitter
https://twitter.com/CelesChain
📷 Reddit
https://www.reddit.com/useCelesOS
📷 Medium
https://medium.com/@celesos
📷 Facebook
https://www.facebook.com/CelesOS1
📷 Youtube
https://www.youtube.com/channel/UC1Xsd8wU957D-R8RQVZPfGA
submitted by CelesOS to u/CelesOS [link] [comments]

The One Thing EVERYONE Must Know About the Dev Funding Plan: IT'S COMPLETELY FREE.

sigh I get so tired of having to stop working to put out a post explaining issues. If anyone else wants to join in I could use help. (actually I've seen Jonald F. do this before too, so thanks JF!)
Things are bad when even developers don't understand what's going on. So I'll try to clearly explain an important point on the Dev Funding Plan (DFP from now on) for the community: it's completely free. Yet we still get panicked posts saying Please Save Us from the TAX!!! Somebody Help!
You may be for or against the DFP, but either way please at least understand what you're forming an opinion on.
Let's start from the beginning. We know Bitcoin works on blocks and block coin rewards. The block reward, which started at 50 coins per block, and cuts in half approximately every 4 years, serves two purposes: it's a fair way to bring coins into circulation, but more importantly it provides security for the network.
For simplicity, please think of "security" as being measured in power bars. When the network first started, with just Satoshi and Hal Finney, there was 1 power bar. This power bar was made up of the electricity their combined computer hardware used to find blocks. They were the first miners. Bitcoin uses a difficulty level to adjust how hard or easy it is to find blocks. This level is important for a key reason: we want the inflation rate of coins (how fast they come into circulation) to stay about the same, regardless how many miners (computing power) suddenly comes online. If the difficulty is set at super easy, but suddenly a super computer comes online that computer can gobble up thousands of coins in minutes if not seconds, creating massive rapid inflation. So the first thing to understand is that due to the Difficulty Level Adjustment the rate of coins coming into circulation will always stay about the same, regardless how many miners join or leave the network.
Getting back to power bars. So the point of Bitcoin is there is no center, no fixed authority. The problem is we still need a decision made about which chain is valid. This is where proof-of-work comes in. Satoshi's fairly brilliant solution to a consensus decision, with no leader, was to simply look for the longest chain (technically the chain with most hashing work). The reasoning was: as there are far more ordinary people than there are governments and dictators a Bitcoin supported by the all the world's people should always be able to muster more hashrate than even rich governments.
So Bitcoin began and people saw the brilliance: even with a weak power bar level of 1 (a couple computers), Bitcoin was safe from 51% attacks and attacking govs competing for control of the chain because a super low hashrate meant Bitcoin wasn't popular and govs wouldn't bother paying attention. By the time Bitcoin was big enough for govs to worry about attacking it should also have so many participants the power bar level would be far higher, providing strong defense.
Let's say the ideal power bar level is 50,000. At this level no government on earth has enough resources to beat the grassroots network. We hear people brag about how much security BTC has. However, the marketcap for all of BTC is about $160B. Countries like the U.S. and China have GDP measured in many trillions; a trillion is 1,000 billion. Does 160B really seem untouchable? For numeric comparison the main U.S. federal food assistance program cost the government $70B in 2016, representing about 2% of the budget. So the entirety of the BTC market cap is about twice the size of one welfare program, representing 2% of the overall budget. Where should we place the current security power bars if we want guaranteed safety from a determined U.S. gov? If 50,000 is guaranteed safe we're far from it. I'd say BTC is more like 5,000. That's still pretty decent.
Of course, BCH split from BTC... and didn't carry over all the miners and accompanying security. That's not an immediate concern because if BTC isn't on government's radar yet BCH sure isn't. However, that doesn't mean BCH doesn't need security from hostile forces. It's still a valuable network and needs defenses. Where would we put power bars for BCH? If BTC is 5,000 and BCH only has 3% of that hashrate then BCH has just 150. That's it.
How the Developer Funding Plan Works
Back to the DFP. What this says is as a community we agree to break off a piece of the block reward and instead of giving 100% to miners we give a small percent to developers. If each block is 10 coins and the price is $300 then winning a block means winning $3,000. Of course that's not all profit because miners have electricity and other expenses to pay before calculating profit. So if we reduce the portion of the miner reward by 10% so they get just 9 coins per block yet the price stays the same what happens? It means miners receive $2,700 for the same effort. We've just made it more expensive to mine BCH from the point of view of miners. What would any miner then rationally do? Seek profitability elsewhere if available. Suddenly BTC SHA256 hashing looks slightly more attractive so they'll go there. Hashrate leaves BCH and goes to BTC, but the key important point is BOTH chains have a difficulty adjustment algorithm which adjusts to account for rising or lowering miners overall, which keeps the coin inflation rate steady. This means BTC total hashrate rises (more miners compete for BTC) and its Difficulty Level rises accordingly, so the same rate of BTC pumps out; on BCH total hashrate falls (less miners compete for BCH) and its Difficulty falls, so the same rate of BCH pumps out. Inflation remains about the same on both coins so the price of both coins doesn't change any, beyond what it normally does based on news/events etc.
So what difference is there? The difference is total network security. Hashrate totals have changed. BTC gains more miner securing hashrate while BCH loses it. So BTC goes from 5,000 to say 5,100 power bars. BCH goes from about 150 to 140.
Does any of that matter in the grand scheme of things? Not in the slightest. Part of the reason is due to our emergency circumstances with BCH we had to rework our security model. Our primary defense is an idea I came up with, which BitcoinABC implemented, saying it's not sheer hashpower that dictates what chain we follow. We won't replace a chain we're working on if a new one suddenly appears if it means changing more than 10 blocks deep of history. This prevents all the threatening hashrate hanging over our heads from mining a secret chain and creating havoc unleashing it causing 10+ confimed txs to be undone, while exchanges, gambling sites etc. have long since paid out real world money.
Switching $6M worth of block rewards from mining to devs just means we lose a bit of hashrate security, while we gain those funds for development. Nothing more. Nobody holding BCH pays in the form of inflation or any other way. It costs literally NOTHING BECAUSE The block reward is ALREADY ALLOCATED. It will EITHER go 100% to mining security if we do nothing, or go to both miners and devs if the plan is put into effect. Hopefully this helps.
:)
TL;DR: we switch security which we don't really need, for developer funding which we do.
submitted by cryptos4pz to btc [link] [comments]

What Is a Bull Market?

Introduction


Market trends are among the most fundamental aspects of financial markets. We can define a market trend as the overall direction that an asset or a market is going. As such, market trends are closely watched by both technical analysts and fundamental analysts.
Bull markets tend to be relatively straightforward to trade, as they can allow for some of the easiest trading and investment strategies. Even inexperienced traders may do well in really favorable bull market conditions. With that said, it’s also crucial to understand how markets move in cycles.
So, what should you know about bull markets? How can traders take advantage of bull markets? We’ll explain it all in this article.

What is a bull market?


A bull market (or bull run) is a state of a financial market where prices are rising. The term bull market is often used in the context of the stock market. However, it can be used in any financial market — including bonds, commodities, real estate, and cryptocurrencies. Besides, a bull market may also refer to a specific asset such as Bitcoin, Ethereum, or CTT. It could even refer to a sector, such as utility tokens, privacy coins, or biotech stocks.
You may have heard traders from Wall Street use the terms “bullish” and “bearish.” When a trader says they are bullish on a market, it means that they expect prices to rise. When they are bearish, they expect prices to decline.
Being bullish can often mean that they are also long that market, though that may not necessarily be the case. Being bullish may not necessarily mean that a long trade opportunity is present right now, just that prices are rising or are expected to rise.
It’s also worth noting that a bull market doesn’t mean that prices don’t fall or fluctuate. This is why it’s more sensible to consider bull markets on larger time frames. In this sense, bull markets will contain periods of decline or consolidation without breaking the major market trend.
So, in this sense, the definition of a bull market depends on what time frame we’re talking about. Generally, when we’re using the term bull market, we are talking about a time frame of months or years. As with other market analysis techniques, higher time frame trends will have more validity than lower time frame trends.
As such, there may be prolonged periods of decline in a high timeframe bull market. These counter-trend price movements have a notoriety for being especially volatile — though this can vary greatly.

Bull market examples


Some of the most well-known examples of bull markets come from the stock market. These are the times when stock prices and market indexes (such as the Nasdaq 100) are continually rising.
As far as the global economy is concerned, it fluctuates between bull and bear markets. These economic cycles can last years, even decades. Some say that the bull market starting from the aftermath of the 2008 Financial Crisis and lasting until the coronavirus pandemic was “the longest bull market in history.” This may or may not be true — as we’ve said, high time frame bull markets can be a matter of perspective.
Even so, let’s take a look at the long-term performance of the Dow Jones Industrial Average (DJIA). We can see that it basically has been in a century-long bull market. Certainly, there are periods of decline that can last for years, such as 1929 or 2008, but the overall trend is still pointing upwards.
Some argue that we could see a similar trend with Bitcoin. But we can’t really tell if and when Bitcoin will face a multi-year bear market. It’s also worth noting that most other cryptocurrencies (i.e., altcoins) will probably never experience similar price appreciation, so be extremely aware of what you invest in.

Bull market vs. bear market — what’s the difference?


These are opposite concepts, so the difference isn’t particularly difficult to guess. Prices are continuously going up in a bull market, while prices are continually going down in a bear market.
This also results in differences in how it may be best to trade them. In a bull market, traders and investors will generally want to be long. While in a bear market, they either want to be short or stay in cash.
In some cases, staying in cash (or stablecoins) may also mean shorting the market, since we’re expecting prices to decline. The main difference is that staying in cash is more about preserving capital while shorting is about profiting off the decline in asset prices. But if you sell an asset expecting to buy it back lower, you’re essentially in a short position — even if you are not directly profiting from the drop.
One additional thing to consider is fees. Staying in stablecoins will likely not incur any fees, as there typically isn’t a cost to custody. However, many short positions will require a funding fee or interest rate to keep the position open. This is why quarterly futures may be ideal for long-term short positions, as there is no funding fee associated with them.

How traders can take advantage of bull markets


The main idea behind trading bull markets is relatively simple. Prices are going up, so going long and buying dips is generally a reasonable strategy. This is why the buy and hold strategy and dollar-cost averaging are generally well-suited for long-term bull markets.
There’s a saying that goes like this: “The trend is your friend, until it’s not.” This just means that it makes sense to trade with the direction of the market trend. At the same time, no trend will last forever, and the same strategy may not perform well in other parts of a market cycle. The only certainty is that the markets can and will change. As we’ve seen with the COVID-19 outbreak, multi-year bull markets can be wiped out in a matter of weeks.
Naturally, most investors will be bullish in a bull market. This makes sense since prices are going up, so the overall sentiment should also be bullish. However, even during a bull market, some investors will be bearish. If their trading strategy accommodates for it, they may even be successful with short-term bearish trades, such as shorting.
As such, some traders will try to short the recent highs in a bull market. However, these are advanced strategies and are generally more suitable for professional traders. As a less experienced trader, it’s usually more sensible to trade according to the trend. Many investors get trapped trying to short bull markets. After all, stepping in front of a raging bull or a locomotive can be a dangerous undertaking.

Closing thoughts


We’ve discussed what a bull market is, and how traders may approach trading in bull market conditions. Typically, the most straightforward trading strategy in any market trend is to follow the direction of the overall trend.
As such, bull markets may present good trading opportunities, even for beginners or first-time investors. However, it’s always essential to manage risk properly and keep learning to avoid mistakes as much as possible.
Still having more questions about market trends, bull markets, or trading? Check out our Q&A platform, Ask service support, where the Citex community will answer your questions.
submitted by CITEXexchange to u/CITEXexchange [link] [comments]

How smoking weed daily destroyed many life opportunities I had (My story)

Today I celebrate a week without smoking weed after 4.5 years of smoking and 3.5 years smoking daily. Ive been wanting to quit for the longest time but always relasped within a day or two. I started in college, literally 80% of my friends (I had a ton of friends) in college smoked weed. I had alot of hot girls attracted to me in college but missed each chance to fuck or get in a relantionship because id prefer to smoke. It made me anti-social, unmotivated, dull, and emotionless. I missed the chance of having a girlfriend, friends with benefits, dates, and one night stands, living a lonely life.
I missed the chance of becoming a millionaire when my friend told me to buy Bitcoin early 2017, I said id look into it. But I didnt, I smoked weed instead and forgot about it until late 2017. Sure I turned 10k into 60k, but my friend turned 10k in 4 million (that could have been me too). He now travels the world, doesnt work a job, and does whatever he wants...
In 2018 (last yr of college), id ditch my friends to smoke weed. Id make an excuse at the pregames like "oh I left my wallet ill meet you guys there", but the realty was, I was going home to smoke weed and watch TV (they knew it too). 2019 I had a solid business idea but id smoke when I worked on it. When I finished working on the business, I stopped getting clients because I was worried id be too high/tired to want to deal with clients and give them poor service, so I put the business on hold. One time at the office I almost cried because I realized all of these opportunities that Ive lost.
A few months ago ive decided enough is enough and currently celebrating day 7 of not smoking. I havent had any craving and only withdrawal is fatigue 4/7 days. Put the bowl/bong away guys, dont limit your potential. I will never buy weed again and looking forward to feeling back to normal and motivated to accomplishing my goals. Its not too late to accomplish the opportunties ive lost and make them a reality.
submitted by TheYeti01 to leaves [link] [comments]

Why I am supporting Bitcoin Cash

First, I want to say that I believe that Bitcoin (BTC) will moon and that lambo will rain, for several reasons that I won’t explain here and now. So please don't shit on me or down vote this post without explaining yourself properly. I'm saying this because the crypto community is full of young and emotional person insulting each other all the time without being able to explain their view clearly. I’m just sharing my story and my opinion, if I say something wrong, please let me know. No need to be emotional.
My story: I’m French (Forgive my English), a software engineer, working from home, previously in the banking industry, big noob in blockchain code related. I have been supporting bitcoin for a couple of times now, unfortunately I discovered it a bit late, promoting it to people around me as the peer to peer cash system and hoping that it will give us our financial freedom.
During this bear market and after losing a big part of my coins, I finally took the time to get a better understanding of each coin I’m holding and I quickly realised that Bitcoin Cash wasn’t a scam, that Bitcoin BTC is purely a speculative asset, the playground of professional traders, used to rekt noobs and that Lightning network will end as custodial wallets because no one will take the time/risk for opening/closing/securing a channel, especially poor people (few billions). There is no benefit for the average user in maintaining a LN node. I believe it will be more interesting to mine Bitcoin rather than maintaining a LN node.
So basically, I lost faith in the promise made by the Lightning Network which made me focusing on why Bitcoin Cash is the answer to a decentralized peer-to peer electronic cash system. I can confess that in the past I used to believe that second layer solution was the solution for everything, but I changed my mind.
To make it simple, BCH allows to make instant payment for very cheap whereas BTC can’t and won’t.

For each crypto project, I look at those different points:
1. Length of the chain
BTC and BCH are sharing the longest chain, it has been working well without any issues since now 10 years. No other project has such a good track record. This make me feel confident that the chance that this will continue to work as well for years or decades.

2. Community behind it
A good community for me is when you see technical people, risking their reputation/identity by posting videos, writing stuff and talking in public events about the project they support. Based on that, I believe the BCH community is the biggest of all. By technical people I mean someone talking using technical approach to back their opinion rather than beliefs based on emotions. Usually in the crypto space, those people are developers but it’s not always the case.
I made a small list of technical people supporting BCH:
-Peter R. Rizun: Chief Scientist, Bitcoin Unlimited.
-Vitalik Butterin (he often showed his support regarding BCH but didn’t produce any content)
-Jonald Fyookball: Electron Cash Developer
-Jonathan Toomim: Bitcoin cash developer who made interesting proof regarding scaling onchain)
-George Hotz: no need to present this awesome crazy dude!
-Amaury Séchet: Bitcoin Cash Developer and French! 😊
-Rick Falkvinge: Founder of the swedish pirate party, watch his youtube channel.
-Gabriel Cardona (Bitcoin cash developer)
-Justin Bons : Founder & CIO of Cyber Capital
-Dr. Mark B. Lundeberg: Developer researcher
And there is a lot more, but those people are people that I personally trust for their work they shared and that I like following.
Recently we had the Bitcoin cash city conference, another event full of people supporting BCH, that kind of thing doesn’t happen with other crypto. So many brilliant people supporting BCH, how could it be possible that all those guys are supporting a scam or a shitcoin. As well, there is often meetups and conferences all over the world.
The developer community is not centralized, there is multiple teams (BitcoinABC, Bitcoin Unlimited, BCHD, Bcash, Bitcoin Verde…) independent of each other arguing sometimes about technical and political stuff, this ensure that developments and important decisions are not centralized. I find this very healthy. If a fork occurs, it’s not a problem, it will simply double your coin and allows two different ways of thinking to grow and compete. This won’t happen in Bitcoin (BTC) anymore, the way of thinking is centralized for BTC, they all share the same view: the segwit workaround + small block + layer 2 = (moon + lambo) in 18 months.
Regarding CSW, I don’t believe in this guy for now but maybe I’m wrong, maybe this guy is wrongly understood but based on all the things I know about him, he seems too complicated to be someone honest. Honesty comes with simplicity.
Finally, regarding Roger Ver: He is hated a lot and I still don't understand why, I feel sorry for him, I really tried my best to hate him like the crowd, but I couldn’t find any reasons. Many people are saying that he is lying and scamming people but none of them are technically able to explain why. It's really a crazy story and I understand why some people call him "Bitcoin Jesus". I personally think he is doing a great job and I thank him.

3. The current and future adoption
BCH is used by reel people and reel shops (check the bitcoin cash map), there are transactions on the network to buy and sell real things that exist in the real world. Can you believe this? Maybe the only blockchain having that. Please let me know if you know another blockchain which is today serving the real world.
The Bitcoin cash wallet app is easy and exciting to use. Same for the app for merchant. This can be used by my old mum! The BCH roadmap shows that more features will be added to simplify and enhance the user experience. I can’t find other blockchain having that level of user friendliness.
Recently Roger Ver announced HTC mobile phone with a BCH wallet preinstalled. I read as well that Burger King is accepting BCH, but I haven’t verified if this was legit or not.

4. Existing features and roadmap
-Multiple wallets built on all platform.
-Bitcoin Cash point of sales: this app is the app that merchant should use to accept Bitcoin, as well very easy to use and takes 5min to install.
-Cash shuffle with Cash fusion allowing to transact anonymously, making BCH competing with privacy focused coins such like Zcash, Monero, Dash. I heard this function will be implemented as well on mobile devices.
-SLP token: The simplicity of creating a token and sending dividends make BCH a bit competing with all smart blockchain. Anyone can create a token, raise funds and send dividends easily and it works! Will Bitcoin Cash evolve to a smart economy?
-memo.cash: A social network stored on the blockchain, fixing the problem of censorship we have on reddit for example. I recently discovered it, it’s awesome to know that you can write whatever you want, and nobody will be able to delete it and this forever. It’s really an awesome experience. I invite you to test it. For example, yesterday I had fun creating, sending token and being tipped in BCH or in any token by random people, it really shows the potential of BCH. I think I made around 50 on chain transactions in less than one hour with less than 10 cents.
-Stable coins: We can build stable coin on BCH; this is something very important as well.
Regarding the roadmap: It’s well described on bitcoincash.org and looks promising, but no update since the last 5 months. Not sure if it’s normal.

5. Security
SHA256 based algorithm are I believe the most secure, I don’t think we need to add more regarding this. Maybe someone can help me to find some downside regarding security, often some people talk about the potential 51% attack that could occurs on BCH but I couldn’t manage to have my own opinion regarding this.
Regarding the double spending attack because of the zero confirmation, I have asked many people to explain to me how this could potentially be a problem for a real merchant. I think that small and insignificant amount doesn’t need instant confirmation but if you sell a lambo then of course you should wait for at least 5 confirmations.
To summarize I would even consider that zero conf is more advantageous than Lightning Network if you take everything into consideration. Worth case scenario if your restaurant is victim of a double spending attack a few times, you will just increase the confirmation level and prevent your customer from living your place. I think that it’s easier to print fake fiat money and try to pay with it rather than trying a double spending attack. But again, I might have misunderstood something or maybe there is more sophisticated exploits that I haven’t thought of.

6. Price
21 million coins, no inflation, the price currently around 300usd, a boiling community. The potential gains could be as good as BTC and even more. Maybe it’s the so waited coin that you will never convert back to that shit fiat. Certainly, one of the best coins to invest in now.

7. Electricity and efficiency
Since the cost of electricity is the same whatever the size of the block, it means that BCH is more environment friendly than BTC for the same amount of transaction or we can say that it’s "wasting" less energy. Maybe if LN works one day this will change.

My Conclusion:
Bitcoin is technically the worst coin; all others existing coins are better technically. But Bitcoin survives because of the network effect, illustrated by its biggest hash rate, making BTC the most secure blockchain. As well because of promises made by the Lightning Network. Bitcoin is the gold of crypto currencies. Bitcoin like Gold have both almost no utility. In a traditional market, gold drop when economy goes well and goes up when investors need to find a refuge. BTC is the drop zone for fresh meat.
Most of the BTC holders cannot think clearly regarding the BTC/BCH debate, they become completely irrational. This kind of behaviour leads to ruin, especially in trading/investment.With low fees, instant transaction, smart contracts, big community, user friendly apps, stable coin and a lot more to come, Bitcoin Cash has clearly a good future. I hope that someone will find my post useful. Cheers.
submitted by talu3000 to btc [link] [comments]

HEX juicy importance

Typical Bitcoin forks have a couple of issues Frail security: Double spends On the off chance that the fork utilizes a similar evidence of work, or mining equipment, it's inconsequential for diggers from the bigger unique venture to assault it.
Medium BitcoinHEX utilizes the very much tried ERC20 standard to keep away from any of these issues. Powerless advancement: Fewer engineers In principle, a bigger network of engineers will attempt more cool things and complete in excess of a littler network.
BitcoinHEX by being an ERC20 token gets full favorable position of the biggest pool of designers in crypto (Ethereum engineers), and the entirety of the cool new innovations they make, for example, appropriated trades, nuclear swaps, and so forth
Poor motivator arrangement: Free riders You and your cooperation difficult to make something new and cool, to have a whale wake up one day and glimmer crash the market on you. Why? Free loaders suck.
BitcoinHEX "We're all Satoshi" include which gives every unclaimed coin to individuals that claimed at 2% per week more than 50 weeks implies that in under a year, just genuinely invested individuals will hold the token.
Out of line dissemination Should the person that lives in china with free power and about free work accessible get most of all the recently stamped coins (expansion)? While expanding centralization, and not wanting to haggle with the journalists of the product they run (center designers.) BitcoinHEX is genuinely circulated to those that advance it through: the 5% referral hold it, through staking, or on the other hand help get the undertaking to minimum amount and appropriation (rewards for cases and guarantee size.)
The rich getting more extravagant unreasonably Trades and assets reward themselves while offering nothing to the little folks whose Bitcoin they should be in guardianship of. Trades are something contrary to what Bitcoin was made for. Distributed money. Not companion to trade to peer money. They're large security openings that have l ost a large number of dollars of client reserves.
Whales asserting BitcoinHEX are punished 50-75% on the grounds that who actually needs some mammoth trade or store guaranteeing an enormous part of your token to dump on you at their recreation? Punishment triggers from 1k-10k+ coins.
Expansion for security Though Bitcoin has expanded its stockpile by 17 million coins over its reality by paying diggers to mine (square rewards.) BitcoinHEX needn't bother with expansion for security. Enough individuals are digging Ethereum for a wide range of reasons that we don't need to pay them BitcoinHEX to do as such.
Disparagement of the first A few forks like to imagine they're the genuine article, and not only a duplicate. They do this by having a fundamentally the same as name, logo, and even purchase twitter handles and sites that used to advance the genuine article, to advance the duplicate. In reality a duplicate does best when it separates itself with better highlights, evaluating, or promoting. In the event that your plan of action incorporates claiming to be something you're not, it's a terrible plan of action. BitcoinHEX isn't Satoshi's vision, it's likewise not Bitcoin. It's Bitcoin forked into Ethereum. That has focal points ordinary Bitcoin forks don't. It is amusing to prod different forks when satoshisvision.com focuses to BitcoinHEX.com however Smiley They earned that prodding.
Why BitcoinHEX is incredible Low expansion
All the cool game hypothesis that quickens appropriation of the undertaking ends in under 1 year. At that point the main expansion in the undertaking originates from individuals that've removed coins from flow by staking. At the point when the main swelling you have is from remunerations to individuals that have trustlessly and safely bolted up their tokens for an extensive stretch of time, that is incredible for esteem.
No paying excavators for security with square rewards Conveyance to those well on the way to have been in crypto the longest Simple for trades to coordinate because of recognition and trust of ERC20 standard. Works with appropriated trades no problem at all Works with nuclear swaps no problem at all Most devs in the crypto (Ethereum) Simple case apparatus, asserts all UTXOs in a location without a moment's delay
Incredible advertising. Howdy Smiley Low charges. A bitcoinHEX exchange would just cost around 27 pennies or less on 5/24/2018 Scaling arrangements not too far off. Vitalik Buterin has been distributing take a shot at evidence of stake and sharding which could lessen waste and increment exchange limit incredibly.
Incredible practice, particularly in the event that you've never encountered the biggest crypto environment and second biggest by marketcap.
Advances free discourse. You can transmit your business and financial vitality that used to just exist in the Bitcoin language, in the Ethereum language. Broadens your scope of individuals you can exchange with, talk tokens to.
Tokenomics Moment Referral Bonus Individuals you allude get came up with all required funds, and you get a 5% referral reward. Appropriation rewards to stakers (end on 50th week, since all cases will be finished)
We're all Satoshi (week after week) Like clockwork a reward equivalent to 2% of unclaimed assets is dispersed to individuals that claimed. Reward topped at 100% of unclaimed tokens. For example, if Satoshi doesn't guarantee, individuals who willed get a reward equivalent to his coins after some time, however not more.
Speed Bonus (paid to petitioner on guarantee) Claimable: Balance in addition to [math below] first week 10%< second week (10% x (.95 to the intensity of [week number]) SpeedBonuss Viral Bonus (week by week) The more individuals that guarantee, the bigger the rewards Complete reward upmod (Guarantee % of 1/3 all out conceivable case occasions)/10 Minimum amount Bonus (week by week) The bigger the cases the bigger the rewards. All out reward upmod (Guarantee % of all out potential coins)/10 A debt of gratitude is in order for the rewards Inception contract gets a similar reward you do. Selection rewards to stakers (end on 50th week, since all cases will be finished)
Senseless whales Singular cases 1k to 10k+ btc punished 50 to 75% directly scaled before rewards.
Goxmenot Gox trustee addresses can't guarantee Typical Staking (Not thought about a reward and doesn't end at 50 weeks) 1% per 10 days. Longer lockup= impetus multiplier Example Time reward: multi day lockup = 129.6% (on the grounds that 3.6 occasions 36%= 129.6%)
Time divider As % of profit tokens is bolted up, decreases reward multiplier. In the event that half bolted up at start, at that point multiplier decreased half Early winged creatures get the worms.
Guaranteeing A depiction of the Bitcoin UTXO will be taken at square tallness (to be reported after agreement is reviewed). The UTXO set will be smoothed for gas effectiveness, and the Merkle tree foundation of that set will be implanted in an ERC20 token agreement to permit Bitcoin holders to reclaim their tokens.
HEX links: Website: https://hex.win/ Twitter page: https://twitter.com/HEXCrypto Facebook page: https://www.facebook.com/HEXcrypto Telegram page: https://t.me/HEXcrypto Github: https://github.com/bitcoinHEX Reddit page: https://hexcrypto.reddit.com/ Medium page: https://medium.com/hex-crypto/ Ann: https://bitcointalk.org/index.php?topic=4523610.0
Author information; Bitcointalk username: Corneafx Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2649614
submitted by Corneafx to Cryptocoinworld [link] [comments]

Upon the Fortune of this Present Year | Monthly FIRE Portfolio Update - November 2019

My ventures are not in one bottom trusted, Nor to one place; nor is my whole estate Upon the fortune of this present year Therefore my merchandise makes me not sad
Shakespeare, The Merchant of Venice (1596)
This is my thirty-sixth portfolio update. I complete this update monthly to check my progress against my goals.
Portfolio goals
My objectives are to reach a portfolio of:
Both of these are based on an expected average real return of 4.19 per cent, or a nominal return of 7.19 per cent, and are expressed in 2018 dollars.
Portfolio summary
Vanguard Lifestrategy High Growth Fund – $797 618 Vanguard Lifestrategy Growth Fund – $45 218 Vanguard Lifestrategy Balanced Fund – $81 294 Vanguard Diversified Bonds Fund – $109 367 Vanguard Australian Shares ETF (VAS) – $158 769 Vanguard International Shares ETF (VGS) – $28 471 Betashares Australia 200 ETF (A200) – $268 114 Telstra shares (TLS) – $2 057 Insurance Australia Group shares (IAG) – $9 996 NIB Holdings shares (NHF) – $8 100 Gold ETF (GOLD.ASX) – $98 376 Secured physical gold – $15 868 Ratesetter (P2P lending) – $16 915 Bitcoin – $128 630 Raiz app (Aggressive portfolio) – $17 535 Spaceship Voyager app (Index portfolio) – $2 377 BrickX (P2P rental real estate) – $4 418
Total portfolio value: $1 793 753 (+$33 713)
Asset allocation
Australian shares – 43.2% (1.8% under) Global shares – 22.9% Emerging markets shares – 2.4% International small companies – 3.2% Total international shares – 28.4% (1.6% under) Total shares – 71.6% (3.4% under) Total property securities – 0.2% (0.2% over) Australian bonds – 4.8% International bonds – 9.8% Total bonds – 14.6% (0.4% under) Gold – 6.4% Bitcoin – 7.2% Gold and alternatives – 13.5% (3.5% over)
Presented visually, below is a high-level view of the current asset allocation of the portfolio.
[Chart]
Comments
This month the value of the portfolio increased again by around $33 000 in total, building on the previous two months of growth.
[Chart]
The equity part of the portfolio has grown by around $50 000 to now reach over $1.25 million for the first time. This increase includes new contributions and the last part of the previous June distributions being 'averaged into' equity markets. The equity component of the portfolio has increased by around 40 per cent this calendar year.
The only other major movement in the monthly value of the portfolio has been a sharp downward movement in the price of Bitcoin, and a small increase in the value of bond holdings.
[Chart]
The contributions this month went entirely into the Vanguard Australian shares ETF (VAS.ASX), to reduce the gap to both the overall target equity allocation, and to achieve the target split between Australian and global shares. From this month onwards I expect more regular variations in whether new contributions go to either Australian or global shares, based on keeping this target allocation constant.
Charting errors and wrong bearings - the nature of long-term returns
Over the last month, as the end destination starts to appear a little clearer in the distance, the issue of the nature of long-term returns has been front of mind.
There is a strong literature and body of academic work around long-term equity return expectations. Much of this has informed my thinking, and has over time found its way into the corners of financial independence movement through the avenues of the so-called Trinity and Bengen '4 per cent' studies (pdf), and a range of calculators that use historical data to help guide investors expectations around feasible future returns.
Yet, as I have noted before, future states of the world are not drawn from the same distribution as the past - or as the British writer G K Chesterton evocatively put it - 'wildness lies in wait'. Most often this issue is glided over neatly (including by myself) with assured sounding phrases such as 'based on history'.
The works of Nassim Taleb, most particularly Fooled by Randomness, and The Black Swan, provide a fuller perspective on these issues. Recently though, reading a 2017 paper Stock Market Charts You Never Saw provided a unique and arresting view of their application to long-term return projections.
The paper is long and detailed, but makes some fundamental points for consideration. It provides a challenging perspective on investment returns that falls almost completely out of mainstream discussions of the topic in the financial independence arena.
To summarise, the paper highlights that:
As the paper notes:
"When investment advisors counsel that stocks are the best bet for a long investment horizon, they should append the acknowledgement: “if my market timing is good.” When advisors argue for stocks over bonds, they should append the caveat “as long as you are not French, or Italian, or Japanese, or Swiss, and provided that the 20th century is a better guide to the future than the 19th century.” For real investors with their limited time horizons, who may reside anywhere in the world, there have been times when both stock recommendations were bad."
The issue of the primacy of total returns, compared to income returns is also bracingly challenged with reference to the drawdown phase:
Once portfolio accumulation ceases with retirement, portfolio income must be spent to live. Under those circumstances real price return, over short periods lasting two or three decades, becomes an important metric. By that measure, an investment in stocks has been dicey indeed.
Usefully, the paper sets out (at the end) both conventional charts, and alternative representations of the same returns data, aimed at illustrating the hidden biases and properties of standard charts of market returns.
In short, the paper poses challenges to many conventional investment tenets assumed to be true and widely repeated within financial independence discussions. Often these tenets are promoted with the sound and well-meaning goal of reducing new or existing investors caution or level of worry around possible falls in equity markets. The question this work implicitly poses is, in the process, are distorted expectations unintentionally being promoted?
Drawing out the lessons - understanding and responding to risks
What are the practical implications of this? The most obvious is to look closely at how data is presented and to think carefully about how the assumptions implicit in that presentation line up against ones own situation.
Some other implications include:
In other words - to paraphrase Shakespeare's Antonio - not trusting ones ventures to one ship, place, or a fortune upon the present year.
Progress
Progress against the objectives, and the additional measures I have reached is set out below.
Measure Portfolio All Assets Objective #1 – $1 598 000 (or $67 000 pa) 112.2% 153.0% Objective #2 – $1 980 000 (or $83 000 pa) 90.6% 123.5% Credit card purchases - $73 000 pa 103.0% 140.4% Total expenses - $89 000 pa 84.5% 115.1%
Summary
As the year begins to draw to a close, a restlessness to see its final outcomes, in dividends and portfolio growth presses itself forward. It is in fact a small echo of one of the strong temptations of the middle of the FI journey - a desire to wish away time itself.
Some potential upcoming changes and uncertainties in work situation have added force to this temptation, forcing some thoughts about different potential balances between work and other elements of daily life could be.
By distance, the intended journey is around ninety per cent over. At times this introduces both an elegiac quality to, and a premature desire to mark, possible 'lasts' along the journey.
Yet the extraordinary current state of financial markets gives pause. Policy makers and advisors casually discuss negative rates and their implications, even as Australian and US equity markets hit new highs. In a sense, it feels a more psychologically testing time to be closer to my higher target allocation for equities than any time before.
The diversification in the portfolio can be thought of as a series of small hedges against different potential futures playing out. By far, the largest probability (or potential future) at 75 per cent, is that the historical dominance of equity as a generator of real returns continues to function.
The remainder of the portfolio can be seen in some ways as a offsetting hedge against large equity market falls, or some other disturbance in financial markets with negative implications for equity. At base, however, I remain comfortable with the 'balance of probabilities' implied in the target asset allocation.
This month saw a new (v)blogger Mx Lauren join the Australian FI scene, as well as the suggestion by Money Magazine of a new 'simplified' retirement rule of thumb to consider.
A further piece of fascinating reading was this piece by Ben Carlson in Fortune Magazine, explaining the key role of earnings growth in recent US market return. It posits that the recent strong performance of US equities is attributable to fundamental earnings growth, rather than simply an unjustified expansion in the price investors are willing to pay for that growth.
This - in addition to Shakespeare's pre-modern enjoinment to diversify - is potentially another reason to not confine considerations to one market, and one place, as December distributions slowly drift into sight.
The post, links and full charts can be seen here.
submitted by thefiexpl to fiaustralia [link] [comments]

I "purchased" an Index in 2019 when they were still in stock and now may not get one until after summer, Valves customer service has been no help

As the title says this is the ridiculousness I've been dealing with for months so if you are stuck in shipping limbo keep your hopes up but with the manufacturing issues and COVID-19 expect things to take even longer. Here has been the story of my current ordeal in trying to get an index. My issues has been a little more confusing and I had posted earlier wondering if I was even talking to a real person when I tired to contact Valve. Hopefully what I have gone through will help people feel a bit better about the fact that they simply have to wait. Overall I do hope to get am Index it just feels like everything has conspired to hold me back. I have wanted VR for the longest time and have been excited to where the technology is heading, I got a chance to try out an occulous dev kit years ago and have been saving my money. I work supply for the school board teaching kids and trying to make some extra cash int he summer, as supply I'm never guaranteed work yet I made ends meet and had a plan.
Come December and the plan was if I would receive some of the cost as a combo Christmas and Birthday gift. I found somebody selling a vive headset and sensors and was able to try it out and was very impressed and really wanted the knuckles and would save money getting the headset which would be more affordable. I had also managed to same some money on a new video card on ebay I'm assuming formerly used for bitcoin but it's working great. However, half life had been announced and things were selling out quick.. the only thing really available was the full index set and we decided to go for it,, had I known what I know now how long I would wait I would have picked up the vive parts to save money but they are long gone.
Mid December index was ordered and things looked great, order was in process or so I thought the money was charged to my Mastercard and just figured there were stock issues and I was patient. by January my order disappeared and went from in process to entirely gone, I had noticed because I had a positive balance on my credit card when I went to pay my bill. I found the order in my steam account and using it sent a message to steam customer support. I had hoped to get to the bottom of it but constantly the response to my questions were to keep and eye on the index page and click notify me, I wanted to know why my index was canceled. Each time we tried to be clear what I was asking I was told to click notify me. I finally got a different response to said that my order failed to complete successfully. I asked why I was charged then and was told that I was not charged just a hold on my credit card but I knew it was a charge and was getting frustrated. I was told that regardless they were sure I would get an index on the day they were available and if I had an issue they would be happy to assist me. This was the first bit of better news, in Ontario we've had some problems with the provincial government and educators like myself have been on strike quite a bit and there has been less supply work so money was getting a bit tight but I was still doing ok. I also managed to send screenshots of my banking to show the charged and refund which they did admit was confusing. My birthday in February came and went and I was in a bit of limbo waiting to hear back from Steam with an answer to what happened.
March 9th yet another setback, and unexpected expense I had cracked my molar on the weekend and went to the dentist in the morning. I was back before the index would be on sale at 1:00 local time for me. Hitting refresh as the clock ticked over I was able to hit the order button within 2 seconds and was greeted with a page telling me they were already out of stock. I'm back to having an index up in the in process orders section which is where my problems started before, only this time I have not entered my shipping or credit info. I was first greeted with a 5-7 week window it at least now says 3-5 weeks.. again I was annoyed but at least hopeful I was in some sort of cue.. I did try to contact customer support again because I was told if I don't get one on the day they could assist me however the response is just a link to the index order FAQ page. Thanks again Valve support :/
The final blow comes today.. COVID-19 has made things worse and through all of this I have never had an issue with the lack of supply or problems with manufacturing just that Valve messed up my order, charged me and refunded me and say they have no record of it. That and the generic response that never answered my questions. So today while driving to work I hear on the radio the provincial government has decided to extend March Break two weeks, I only got a half day shift today and now need to stretch that for an extra two weeks. Nobody knew about this, principals were not notified they also found out originally on the news. As a supply I only get paid for shifts I'm called to and after this long break I may have arrived at my 3-5 week window (assuming things are not canceled again) and I'll have to do some number crunching in the meantime to see where I'm at, if I can't swing it at the moment I may forfeit my place in the cue and have to try again in the summer, it is something I'll get regardless, as much as a painful experience this has been it's something I really want the product looks amazing I just wish the actual process had gone a bit smoother. I had bought some VR games around Christmas sales in excited anticipation they sit in my library mocking me.
So cheer up everyone, chances are you'll have to wait a bit, and the current issues with Covid may cause it to be even longer than you would like but you'll get yours,, I'll get mine and if waiting is the hardest part of your experience then you know there are other's having it worse than you,, fingers crossed we all at least have our health.
submitted by Festilligambe to ValveIndex [link] [comments]

The Block Time of BCH should be Shorten(建议缩短BCH出块时间)

The Block Time of BCH should be Shorten(建议缩短BCH出块时间)
As we take BCH as a convenient and fast p2p e-cash, we have to shorten the block time as soon as possible.
BCH想成为方便快捷的点对点电子现金,应该尽快缩短出块时间。

https://preview.redd.it/8m6a28kpjkb31.png?width=541&format=png&auto=webp&s=a30d0604120a5e13989a102b9d2c283752369ec5
BCH's current block time is 10 minutes. Since BTC, BCH and BSV chains use the same SHA256 mining algorithm and the BTC is larger, the real block time of BCH which as a small chain will severely fluctuate when the price changes. In the past week (1000 blocks), there were 61 times out of 30 minutes block time, 22 times up to 45 minutes , and eight times in more than an hour. The longest block time was up to an hour and 38 minutes!
BCH现在的区块时间是10分钟,由于BTC、BCH和BSV三个链都使用SHA256挖矿算法,且BTC的规模更大,所以在价格波动时,作为小链的BCH的出块时间会发生大幅波动。在过去的一周内(1000个区块),BCH的出块时间超过30分钟有61次,超过45分钟有22次,超过1小时则达到8次,几乎每天都会遇到,最长达到1小时38分钟!

https://preview.redd.it/hs77dytqjkb31.png?width=864&format=png&auto=webp&s=4f064cc1388ff94a52110c7a5c6a52597575707d
Even the situation of BTC is much better than BCH. At the same time, the block time of more than one hour happened only two times. Moreover, BTC holders have almost given up the payment function of the main chain, instead using BTC as a value storage tool, and they are ready to wait for all the time. But BCH is prepared as cash for payment!
连BTC的情况都要比BCH好很多,同样的时间里,超过1小时的出块时间只有2次。并且,BTC持有者已经几乎放弃了主链的支付功能,把BTC当做价值存储工具,他们做好了等待的准备。而BCH却是要做支付工具的!

https://preview.redd.it/aak8b40sjkb31.png?width=864&format=png&auto=webp&s=c159024b55fb14c6af04861143f4a43c6c4521e9
In a BCH payment case where more than one confirmation is required, the user often encounters an hour to confirm. This is intolerable in modern society at a high frequency trading. As far as I know there are at least three cases using BCH require more than one confirmation, instead of zero confirmation:
在需要1个以上确认的BCH支付场景中,用户时常遇到1小时才能确认。这在高速运转的现代社会是无法容忍的!就我所知,至少有三种BCH交易场景要求1个以上确认,而不能采用0确认:

1)Exchange top-up. All exchanges now require more than one confirmation in cryptocurrency top-up. Generally, exchanges will require six confirmations and BCH-friendly exchanges (such as Huobi) require three confirmations to be received when BCH supporters' exchanges (such as Coinex) require only one confirmation.
1)交易所充值。现在所有的交易所都要求密码货币1个以上确认才能充值到账。一般交易所会要求BCH充值6个确认到账;对BCH友好的交易所(比如火币)要求3个确认到账;BCH支持者的交易所(如Coinex)要求1个确认到账。

2) Local.bitcoin.com wallet top-up. When I received an OTC order in local.bitcoin.com but my balance was insufficient, it turned that I had to top up soon as possible. This top-up required one confirmation before I can use it. However, waiting for more than 30 minutes is likely to cause the OTC order to fail.
2)local.bitcoin.com钱包充值。当我接到一笔OTC订单,但我在local.bitcoin.com的余额不足时,我必须尽快充值到local.bitcoin.com钱包,这个充值要求1个确认后才能使用。等待30分钟以上,就很有可能导致这笔OTC交易失败。

3) Bitpay wallet top-up. I had to top up in the Bitpay wallet for shopping when there was not sufficient balance, it had to be waited for more than 30 minutes, then I would rather pay in another way rather than BCH.
3)bitpay钱包充值。当使用bitpay支付渠道购物时,遇到bitpay钱包余额不足,我必须先充值到bitpay钱包,等待1个确认,然后才能支付。如果1个确认需要等待30分钟以上,那么我宁愿用bitpay之外的方式支付了。

Regardless of the exchange wallet, local.bitcoin.com wallet, or Bitpay wallet these are hot wallets. An experienced BCH user will not save a lot of bch in the hot wallet. Therefore, the more frequently users who use the BCH for transactions and payments, the more frequently they will face the top-up confirmation waiting time of 30 minutes or more. It is enough to drive away the most loyal users of BCH in the long run, unless they only hold coins and rarely trade and pay.
无论交易所钱包、local.bitcoin.com钱包,还是bitpay钱包,这些都是热钱包。一个经验丰富的BCH用户不会在热钱包存大量的bch。因此,越是频繁使用BCH进行交易和支付的用户,就越要频繁面对30分钟甚至1个小时以上的充值确认等待时间。长期这样,足以赶走BCH最忠实的使用者,除非他只囤币,很少交易和支付。

In fact, the cases requiring one confirmation is much more often than the above three. Although the small consuming payment can accept 0 confirmation, almost all wallet top-ups require more than one confirmation. The long waiting time for confirmation is the worst part of the entire BCH business cycle.
实际上要求1确认的场景远不止以上3个,尽管最终的小额支付可以接受0确认,但几乎所有的钱包充值,都要求1个以上确认。漫长的1确认等待时间是整个BCH商业循环中最糟糕的环节。


https://preview.redd.it/eqddt3wnvkb31.png?width=1362&format=png&auto=webp&s=48af0e4594c6e82a5a0fbb77d6ba349d0e13269c

When the block time is shortened from 10 minutes to one minute the BCH payment experience will be greatly improved even if the exchange and wallet will increase the one confirmation to 10 confirmations. According to Doge's data, in the last 1000 blocks the fluctuations of the 10 blocks accumulated time ranged from two minutes to 17 minutes. It is far superior to the one confirmed condition of the current BCH.
当区块时间从10分钟缩短到1分钟时,即使交易所和钱包将1确认相应提高为10确认,BCH的支付体验也会有很大改善。从Doge的数据看,在最近的1000个区块中,10个区块的累积时间波动范围在2分钟-17分钟之内。远远优于现在BCH的1个确认的状况。

https://preview.redd.it/kfs4q1b1kkb31.png?width=864&format=png&auto=webp&s=c46a3de89906ee65ba21f3af647575eb40ca879d

More importantly, in fact, exchanges and wallets will not increase the number of confirmations to 10 when BCH shorten the block time. I asked the CEO of Coinex Haipo Yang "Coinex now asks one confirmation for BCH top-up. If the block time of BCH is shortened to one minute, how many confirmations will be asked?" He immediately replied "One confirmation will not be changed, even LTC is one confirmation now".
更重要的是,实际上交易所和钱包并不会因为BCH出块时间缩短到1分钟,而将确认数提高到10个。我询问Coinex CEO杨海坡“Coinex现在要求BCH充值1个确认到账,如果BCH缩短到1分钟出块,Coinex会要求几个确认到账?”他立刻回答我“不会改”,现在“LTC也是1个确认”。

In fact, exchanges and wallets are more concerned with ‘confirmed on blockchain’ than ‘several confirmations.’ Most wallets and exchanges do not increase the number of confirmations when BCH shortens the time. This is a troublesome and unnecessary thing. If most exchanges and wallets are able to maintain the number of required confirmations, the user experience of BCH will increase dramatically. According to the data of Doge's last 1000 blocks, the block time within 2 minutes accounted for 85.4% and the maximum time is no more than 10 minutes.
实际上交易所和钱包更在乎的是“链上确认”,而不是“几个确认”。多数钱包和交易所并不会因为BCH缩短时间而相应提高确认数。这是一件麻烦而又不必要的事情。如果多数交易所和钱包能够保持1个确认的要求,那么BCH的使用体验将大幅提升。根据Doge最近1000个块的数据,2分钟以内的出块时间占到了85.4%,最多也不超过10分钟。

https://preview.redd.it/hajx2443kkb31.png?width=864&format=png&auto=webp&s=740c2d3351610220966b5c9d17e24613d16757ea

In the Chinese community we have had a lot of discussions and most BCHer are eager to shorten the block time and wait for more people to support. But their patience is limited that I have seen some staunch supporters losing because of the lack of positive response to shortening the block time. They have experienced the toughest hash war and adhere to the ideal of BCH as the world currency. But now, when they promoted BCH to others as ‘convenient and fast electronic cash’, they often encounter great embarrassment that they have to wait for a confirmation for more than 1 hour and they can't even convince themselves !
在中国社区,我们已经进行了大量的讨论,多数人急迫的期待缩短出块时间,并等待更多人的支持。但人们的耐心是有限的。由于缩短出块时间一直缺乏积极的回应,我看到一些坚定的支持者在流失。他们经历了最艰难的算力大战,坚守对BCH作为世界货币的理想。但现在,他们向别人推广bch是“方便快捷的电子现金”时,经常遭遇BCH1小时不能出块的尴尬,他们开始连自己都无法说服了!

We all know how simple and urgent to expand block capacity in 2016. This is the reason for the birth of BCH. Now we are facing a similar situation on the shortening block time of BCH. When the block is shortened to one minute the users can get the waiting time reduced by 90 percent in many cases and no longer worry about waiting for an hour. Why not do it right away?
我们都知道2016年扩大区块容量的逻辑多么简单而又紧迫,那是BCH诞生的原因。现在BCH缩短出块时间面临类似的情况,出块缩短到1分钟,用户就能在很多场景中减少9/10的等待时间,不再为1个小时的确认等待而苦恼。为什么不立即去做呢?

(For more information, please check the link below: https://medium.com/@ChangyongLiu/proposal-to-shorten-the-block-time-of-bch-1d7e8e897497 )
(对缩短出块时间有更多疑问,可以参考我的更详细的一份建议:https://medium.com/@ChangyongLiu/proposal-to-shorten-the-block-time-of-bch-1d7e8e897497
submitted by changyong75 to btc [link] [comments]

San Diego news

Right Ok I’m going to kinda make this short and simple but I will add everyone real name and honestly I don’t give a fuck any more I want to leave this chaos of a mess my family started. My name is Antonio Preciado IV, I’m 28 years old and I fed up with this whole thing that is suppose to make me a better person when I can tell everyone around me is fucking hipcrits. Yes, I will say it again most of the immediate people in my life are hipcrits that make their own narrative to accompany with my story. I asked a friend 2 years ago what if someone became so rich so fast no one knew how to tell him and there is suppose to be ways of the game but I’m going to break it because my entire family undermines and controls my life while making their own narrative that I’m to become a better person and make my own money because they don’t like my cynical thoughts yes I said thoughts don’t fucking spit your water up. By making my own money is handing me off to be other peoples problem. Won’t get into details but I am pretty sure that my family is hiding my investments or already allotted them to other accounts maybe it was my friend who I was sleeping with for 3 years because she still fucking him and whoever else I’ve seen the proof along with the fact she has had access to a lot of my personal information. Not only that my baby’s mom I have under suspicion. My entire identity has been stolen but not nessassary taken because what if your family thought it was a good idea to plan your life for you and you fucked up in life at times so now they hold it above my head and hate me because I’m calling them out, well written about it for 2 years over and over every time they only treat me like a fucking child. Mention anything about crypto currencies, stocks, bonds , ira, and investments. My family acts as if acid came through the air and they change subjects along with the idea that I have a gift of communication audio and visually but that is way too paranormal to talk about but mother Fuckers talk about all the time. Well mainly in sources I find at times. Another thing that happens is when I’m in this state of mind people like to send me on Lil treasure hunts so they can see me act like a child for their entertainment. Hey puppy I think your bone can be in mrs. Yvonne yard, maybe you need to take a walk. Honestly, I don’t want to be around them anymore or at least for a while. Do my own shit if you were set up to have something by the age of 25 with a ira or stock and you also had made a very lucky allotment in a thing called bitcoin but that could of disappear. My family is in full control of it and because they are family they have tormented my thoughts and made myself and others think or second guess ourselves. I know that everything was first in good faith but how are some of the things that are done not worst or equal to my sins. Also they want to force Jesus in my life and tell me that everything going to be ok. While I have noticed everyone around has more shit to hide that me like not a lil this or that but they got real shit to hide. Fakest shit I can feel. Living a life of control, humiliation and longest running joke has taken its toll. Many say fuck if I were him I do it like this or I would have done this. Then there is me and I’m the biggest dumb ass that my family ever seems to see. I noticed that they envy me absolutely at this point hate me. What I can tell is it’s in good faith. I’m 28 years old and I have not once brought up this topic but written about it and I k ow they know. They accuse me wanting to collect money from them and being a spoiled grown ass man and need to deal with the real world. Fictitious names are on the Forbes list and media especially journalism these days. I’ve heard countless stories like mine and I know there was something I’m a wealthy bastard. Investments require the most minimal work and effort that any one could do it. I know some of these things have to be true because I’m 28 year old billionaire that has accounts that are enormous. The truth is my own people hate me I’m blessed and they are cursed because they won’t budge to anything. I have recently noticed that I’m dealing with others baggage and I don’t have to do this any more. We can sit down with some lawyers and make better decisions for all of us but they don’t
My name is tone pretty sure you guys all know this shit already
submitted by ayfuck-you to u/ayfuck-you [link] [comments]

Bitcoin as gold in a time of economic experimentation and geo-political tension

Boss Crypto Letter To Investors #5 - August
Note: Research data compiled from blockchain.info, coinmetrics and unchainedcapital.
Bitcoin As Gold
The narrative around Bitcoin as “digital gold” or “gold 2.0” has been strengthening in recent months and we have even seen Bitcoin slip into a strong inverse correlation to US stocks. For us, this is not a new story and the potential for Bitcoin to shine in this arena is something we have been propagating for years. The topic is hotly debated given the potential diversification benefits that exposure to Bitcoin has in portfolio construction. There are certain times when Bitcoin trades in line with risk assets, selling off when equity volatility spikes and when liquidity runs dry, however it has little to no correlation with traditional asset classes like commodities, bonds, currencies, or stocks.
The world unfolding around us is brewing the perfect storm that most perma Bitcoin bulls have been waiting for since the beginning. Bitcoin has only ever existed in a global bull-market and perhaps for the first time in 10 years that might be about to change. Amid extreme monetary policies and rising geopolitical tensions the narrative for Bitcoin as digital gold has scarcely been stronger. Combine this with the fact that investors are starving for growth and unable to hit their benchmarks with traditional portfolio’s the comparison between the current Bitcoin market cap and the market cap for investible gold becomes an enticing proposition. The best part? A comparison to gold might not even be the end of the road for Bitcoin. Right now there are almost no assets that largely sit outside the purview of any single government. If we see the political tensions in our world rise and the ability of these governments to service their debts comes into question the demand for non-sovereign assets is likely to boom.
The rising risk of currency devaluation, especially among reserve currencies, combined with its non sovereign nature is a longer-term catalyst that may propel BTC to new untold heights. The opportunity cost of not holding Bitcoin is getting higher every day as the long-term outlook for traditional asset classes and growth continues in a downward spiral.
Late In The Cycle
In this edition I wanted to take a step back to look at the global macro economic environment. I believe that we are entering an era where the understanding of economics and appropriate investment principles will be imperative for success. As of July we have now officially seen the longest period of sustained growth in history and it’s getting late (perhaps very late) in that cycle.
-Bleak global growth projections -Trade wars -Weak inflation -$14 trillion of negative yielding debt -Unprecedented monetary policies -Late in the cycle stimulus -Declining corporate profits -Stocks rallying into the promise of rate cuts and additional stimulus -Explosion of low quality credit -Explosion of IPO’s showing just as explosive losses
The global slowdown everyone has been fearing is starting to show up in economic data. With short term interest rates already low economic stimulus measures may need to be more extreme to be effective. The central banks of our world are preparing the global market for more rate cuts and additional stimulus as they attempt to prolong the current economic expansion, seemingly “forever”. The implication of economic policies favouring growth (including the forecast for multiple rate cuts by the end of 2019) are already impacting market prices and portfolio structure.
As we have talked about many times in previous letters, investors are being pushed further and further out on the risk curve in their search for a return high enough to satisfy their benchmarks. With government debt yields, fixed income and traditional value assets underperforming the focus has shifted to growth assets throwing support behind Bitcoin for the time being. Money Supply and Risk Assets Monetary policy plays a significant role in markets. When there is an increase in the money supply there tends to be a strong performance in risk assets while at the same time pushing investors further out the risk curve as they compete for the best returns. Lower rates and more relaxed monetary policy not only encourages borrowing (creating a surplus of money) it also forces investors to change the way they invest because it damages the potential returns from traditionally safe assets.
It is speculated that the Fed will keep the door open for further rate cuts by the end of 2019, but be careful when analysing how much of this has already been priced into the markets, including Bitcoin. Generally speaking investors are willing to pay higher multiples when the other alternatives available to them are unattractive.
Right now bond yields across the board from sovereign to corporate debt are very unattractive which has pushed investors towards equities.
Analysis The almost illogically high concentration of Bitcoin and high-caps in our portfolio has continued to bring in immense rewards over the past few months. There were only 12 projects with a market capitalization over $15 million which outperformed Bitcoin year-to-date. UTXO Analysis When looking at the base of Bitcoin holders compared to our previous reports not much has changed in the last three months. Holders in the 3-5 year bands have decreased however the reason for the decrease is not from selling, it is because they have been moved into the 5+ year bands which is sitting around all time highs at 21.5% of total Bitcoin supply. ​ The only longer dated band with a noticeable amount of sellers was the 1-2 year band where sellers accounted for about half of the 1.8% decline in that band, and a shift into the 2-3 year band representing the other half. By far the largest amount of selling during the recent rally can be found in the youngest bands. Holders in the 3-6 month band and 6-12 month band respectively. The 3-6 month band has come down from down from 10.2% to 6.8% with selling accounting for the majority of the drop.
Liquid Supply ​ (Defined as coins that have moved in the last 90 days)
The majority of this liquid supply is continuing to come from short term UTXO’s (traders). When compared to the previous cycle bottom we can see a very similar pattern emerge.
Around July 2015 the liquid supply began to increase as trading activity began to draw in speculators again. During this same period long term holders remained unphased. This type of movement is correlated with a rise in volatility as trading volumes begin to influence the velocity of price. From a cyclical perspective it is likely that volatility is peaking now. If that proves to be true it is likely that the liquid supply will again decrease over the coming months.
It wasn’t until then 2017 bull run that long term holders started to contribute to the increased liquid supply, so without large increases or decreases in price I feel it is unlikely that long term holders will be drawn into trading and the current cycle of holding will dominate.
Conclusion
One thing that I would like for you to remember here is that despite the potentially favorable economic environment for Bitcoin it is very important to note the following: In the face of any serious economic downturn, market crash or correction there will be a shortage of credit and a shortage of liquidity. This forces investors to sell off assets as they scramble for cash and risk assets are often sold off first. When investors need cash, they may need to sell their Bitcoin, no matter how badly they “wish” to hold it. A prudent Bitcoin investor will understand that Bitcoin is still an asset and has not yet proven itself in serious crisis as a miracle hedge, or even as a viable digital gold.
. . .
Taken from the Boss Crypto VIP Newsletter at: https://bosscrypto.co/
submitted by BawsCole to CryptoCurrency [link] [comments]

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Data: Long-Term Bitcoin Investors Holding Strong Despite Latest Rally. by Cole Petersen. 3 months ago. in Bitcoin. Reading Time: 2min read Bitcoin’s intense uptrend in recent weeks hasn’t phased its long-term investors, who appear to be holding out for higher prices before they offload their holdings. Data shows that these investors are not yet selling their crypto and are even adding to ... When it comes to the crypto asset that has the longest HODL period, it’s not Bitcoin. The flagship cryptocurrency’s median holding time is 85 days, at the fifth spot, which could be due to its volatility. It is also the crypto asset that has the highest value, currently trading at $10,700. According to the Typical Hold Time stats, Litecoin is at the top of this list with 119 days ... r/Bitcoin: A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money … Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. r/Bitcoin. log in sign up. User account menu. 69. Zhou Tonged - Holding (Billy Joel - The Longest Time) Close. 69. Posted by. u/eragmus. 3 years ago. Archived ... Bitcoin has cemented its longest period of consecutive days with a value above $10,000, after it ended yesterday at $10,721. Its current price is $10,760, as Bitcoin Stays Above $10,000 for Longest Time in History Bitcoin has formed an unprecedented run of consecutive days above the $10,000 mark. How long will it continue? By Scott Chipolina. 3 min read. Sep 29, 2020 Sep 29, 2020 Bitcoin. Bitcoin has hovered above $10,000 for a while now. Image: Shutterstock. In brief. Bitcoin has set a new record of 63 days above $10,000. The previous record of 62 ...

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Longest Time Holding Machendrasan Pose -20163482 - YouTube

Now has been over 75 days total above 10k, thats the longest in bitcoin history and lends itself to bitcoin really going much much higher soon. 10k has now b... Longest Time Holding the Crow Pose - EWR201622796 The Longest Time Holding the Crow Pose lasted for 4 minutes and 21.00 seconds was set by Krishan Kumar at N... NOOO WAY!!! LAST TIME BITCOIN DID THIS WE PUMPED 3'200%! [holding chainlink/algorand? $502 FREE on our Trusted Exchanges! 🔶 Bybit: https://bit.ly/MMCryptoByb... Longest Time Holding The "Supersaiyan" Planche - EWR201321594 The Longest Time Holding The "Supersaiyan" Planche lasted for 9.56 seconds was set by Vass T at... Grab my free Bitcoin trading course here: http://chrisdunn.com/bitcoin-basics I'm not a financial advisor. Make your own trading and investment decisions! I'...

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