What Happens to Bitcoin After All 21 Million Are Mined?

Unbelievable that CSW supporters keep promoting this lie

Check this new thread out on one of the other bsv subreddits. Disclosure: I actually like BSV or the idea of it, a chain with massive on-chain scaling potential, even if more centralized than other blockchains, it could still have a lot of value IMO as a block-chain for immutable data storage. But CSW is such a freaking embarrassment to BSV, I just can't believe that most BSVers still defend all of his ridiculous lies.
https://np.reddit.com/bitcoinsv/comments/hnjqcp/satoshi_your_key_is_not_your_bitcoin/
For example, now they keep saying private keys in bitcoin have nothing to do with ownership of the bitcoins you claim are yours. So I guess now anyone can claim ownership of any old wallets they want, and go petition courts to "award" them bitcoin wallets by somehow legally mandating that miners worldwide comply with court orders to award bitcoin to someone who does not have the private keys!!! This is just unbelievable that people buy into this nonsense. And even if something like that were possible some day, doesn't that completely undermine the entire block-chain?
Guess I'll go find some old bitcoin wallet addresses to claim and will just say I "lost" the private keys. Maybe I can get some court to award all of the bitcoins to me :)
The link above is n.p. btw so just bear that in mind. I'm not trying to encourage any brigade of that thread. This is a new thread over there but I've seen so many CSW supporters posting on youtube and other places claiming that private keys have nothing to do with bitcoin "ownership" and I'm just dumbfounded that people are buying into that argument.
submitted by bennyprofane1955 to bsv [link] [comments]

I have been watching you for a while, you know. Wasn't sure whether to invest, but now I know that I must? (FUSION. Could have also prevented the Statera balancer hack?)

So this project caught my (and probably many other people's) attention at least once last year. Especially after the foundation had some of its funds stolen which saw the token's price tank massively. I kind of forgot about it until seeing it being veeeery low-key mentioned on TG again recently and it appears to have 5xed over the last few months, essentially returning back to its old price level, while still being relatively low cap. Also sitting nicely next to LTO (another actually professional, albeit slow-burning, project) on https://coinstats.network/, rising rapidly throughout the ranks over the last weeks. (The top three performers at the time of this post are VeChain, LTO, and FSN, as you can see at the right top.)
 
 
Anyway... I did some digging, and frankly, I feel like simply quoting Dejun Qian (leader of Fusion and also founder of BitSE, which later enabled the rise of VeChain), because he does an overall decent enough job at explaining the general gist behind Fusion -- a blockchain designed in particular with decentralized finance (DEFI) in mind:
 
 
Whereas...
 
 
...most of which (Time-Lock, DCRM and Quantum Swap) are patented. Although it should also be mentioned how the Telegram frequently questions the ability to enforce these patents. And depending on your personal outlook in regards to patents in the cryptospace, you could generally consider this a big negative point. Or, if you only care about money, a very positive one. With the latter likely aligning more with this sub's interests.
 
Anyway... Time-locking simply refers to you locking in any type of asset (real or digital) and then being able to lend it for some set amount of time (time-slice) without giving up ownership. This could have been useful in preventing, for example, the Statera Balancer hack, since you merely give up access to your asset for a certain amount of time while still retaining ownership yourself. E.g. you could have granted the Balancer 3 months of access to your assets. Whereas, had your assets been stolen by a bad actor within this time-frame as it happend in the Statera/Balancer case, you would still have received all of your assets back after these 3 months passed. No assets would have been lost on your end. So this mechanism, patented by Fusion, adds additional security. (Their Ticketed Proof of Stake (TPoS) mechanism works the same way -- You never risk actually losing your tokens forever. https://www.youtube.com/watch?v=FX57OwpNNMA )(Also: You are also free to correct me in case this doesn't actually work with Balancer's mechanics.)
 
In general, the borrowing of the (front end; now to some point in the future) time-slice finds application in finance what bonds, futures, options, etc is concerned, again making fusion a great choice for DEFI. To again cite Qian:
 
 
(If you're into this stuff, it's easy to just search for words such as "factoring" or "bank draft" or "clearing house" in the official Telegram channel https://t.me/FUSIONFoundation . Also in relationship to upcoming and borrowed FSN tokens, which can be combined to form whole FSN tokens.)
 
Another more concrete use-case would be, for example, the granting of access to a house's or car's digital lock without giving up direct ownership of these assets for a certain amount of time, after which said access will be returned to its owner. Additionally, it's also possible to resell parts of this access in case you no longer have any use for it. (E.g. if you license a software for 6 months, but suddenly decide to no longer have any use for it after a mere 2 months, you can resell the remaining 4 months that are left.)
 
 
Also worthy of mention might be some of the bigger Fusion-related DEFI (hype!) projects being built on the Fusion blockchain:
 
  • WeDefi, which aims to be, or allows for users to act as, a kind of decentralized bank; stream-lining lending/borrowing and other kinds of DEFI; will come as APP to the IOS and Play-Store for the Smartphone soon.
  • SMPCwallet. Will include DCRM dapps such as a multichain DEX, a multicustodial wallet, etc (fixing problems related to key exposure mentioned by Vitalik in an AMA linked later in this post)
  • Anyswap, a cross-chain/interoperability version of Uniswap. Qian suggests that it could in the future also serve a function similar to Compound, letting you pick up a collateral in exchange for the provision of liquidity. (Built on SMPCwallet AFAIK; a recent post shilling it here -> https://old.reddit.com/CryptoMoonShots/comments/hprd2p/anyswap_a_completely_decentralized_swap_exchange/)
  • An auto-loan platform by AXP
  • Realio and YAD Capital issuing digitized assets to be tokenized on the FSN blockchain. Meaning securities, etc. Currently they're trying to raise a $5mm tokenized fund. (Also worth mentioning here is that SolidX, who have experience and SEC connections working on a Bitcoin ETF, are part of Fusion's DCRM Alliance)
  • And more. https://www.fusion.org/partnerships hovering over the links gives some input. xDLT is built on fusion, for instance, offering an interoperable form of etherscan. (To my understanding...)
 
Then here's a great AMA you should read: https://fsnfeed.com/2020/05/23/on-23st-of-may-2020-dj-qian-ceo-of-fusion-foundation-had-a-live-ama-session-with-kevin-of-ama-series-stayhome/
 
And if you want to try out Fusion, you can sign up at WeDefi and play around with borrowed tokens and even earn full tokens by doing so. Take note, however, that only full tokens may be staked, should you plan to do so. ( https://www.wedefi.com/faq )
 
 
As for the FSN token value, it would appreciate simply by virtue of gas fees, staking, DCRM which can be licensed in exchange for 800k FSN, potential applications of time-locking relative to assets and the Fusion token (looking at safebet, for instance), etc... as Fusion is adopted. The staking ROI is currently at 23%. (I can't really make a prediction about the token's value development here, since the entire system and the potential applications really exceed my knowledge. And, being crypto, odds are that putting a price on it might be impossible for just about anyone.)
 
The best way of storing FSN is whallet, which can be used in conjunction with your Ledger's Ethereum app. (MyFusionWallet was experiencing synchronization problems the other day, but seems to be working perfectly fine again as of the time of this post.)
 
 
A relatively big negative point frequently mentioned by the community is the lack of marketing and the team losing its first-mover advantage, which is a concern the Fusion team has recently tried to address. As REN, for instance, which allows for but a portion of Fusion's use case such as an allegedly inferior version of DCRM and dark pools/clearing houses (and according to the Fusion community of course worse), has recently gone on a small bullrun of its own. Much to the chagrin of disillusioned Fusion bagholders. And I've personally also seen TrustSwap make an appearance, which appears to aim for the creation of a crosschain version of UniSwap much akin to AnySwap. (I'm not 100% sure about this, however.)
 
If you have any personal opinions, you are free to share them. Maybe you consider it obsolete in the future, especially if we do end up in a "one chain takes all" scenario? Alternatively you could be holding the belief that it can moon simply due to the #defi hype? Perhaps there's not enough marketing on the team's part? Or is FSN really under the radar, being ignored (and thus massively undervalued) for the time being only because the features offered by FSN are not yet fully appreciated in the still fledgling DEFI space, with ETH simply not being suitable for DEFI, and FSN suddenly making an appearance in the top 35 without anyone having noticed? Etc? Any disgruntled bagholders here who want to vent or add something I forgot? Now's your chance.
 
 
P.S.: All this is probably also a relatively superficial explaination that doesn't capture the project's value in a way people like Qian could explain it, especially what the use of time-slices (both front and back, and their combination), the long-term renting and valuation of front-slices, and the number of financial applications, is concerned... but I hope it serves as a good general overview, also what references to other DEFI projects is concerned. And it has taken off a bit recently, like many projects in this mini-bull run. So some people may no longer consider it low cap. But I'm still gonna post it so it doesn't go to waste. Lol. At the very least it might serve as general overview. That and the sub rules state "cryptos out of the top 100.")
 
Also disclaimer: I am holding a decently sized bag myself. (And I really hoped it wouldn't cross 70 cent so "soon," all things considered...)
submitted by sotaponi to CryptoMoonShots [link] [comments]

[H] List of Games [w] keys csgo,tf2,bitcoin, Items that can be sold in the market

HUMBLE SQUARE ENIX BUNDLE 3 The Last Remnant Tomb Raider I Tomb Raider II Tomb Raider III Murdered: Soul Suspect
HUMBLE CODEMASTERS BUNDLE GRID 2 GRID 2 Drift Pack DiRT Showdown Overlord™ Operation Flashpoint Complete Hospital Tycoon Colin McRae Rally GRID Autosport GRID Autosport Road & Track Car Pack Overlord II Overlord Raising Hell (Expansion) Grid 2 Spa- Francorchamps Track Pack GRID Autosport Drag Pack Toybox Turbos GRID™ Rise of the Argonauts
HUMBLE JUMBO BUNDLE 5 Insurgency Men of War: Assault Squad GOTY Abyss Odyssey Blackguards Blackguards 2 Contagion Citizens of Earth Teslagrad A Story About My Uncle
HUMBLE CAPCOM BUNDLE STRIDER™ Resident Evil Revelations 2 - Episode 1: Penal Colony LOST PLANET® 3 Bionic Commando: Rearmed Resident Evil Revelations DmC: Devil May Cry Resident Evil™ 5 Resident Evil 4 Remember Me
HUMBLE JUMBO BUNDLE 4 Outland - Special Edition Fallen Enchantress: Legendary Heroes Endless Space Emperor Edition The Incredible Adventures of Van Helsing II Coin Crypt
HUMBLE WEEKLY BUNDLE: BOHEMIA INTERACTIVE 2 Take On Helicopters Alpha Prime Arma: Gold Edition Fish Fillets 2 Arma 2: British Armed Forces Arma 2: Private Military Company Arma 2: DayZ Mod Original War Arma 2: Army of the Czech Republic
HUMBLE GAME MAKING BUNDLE Axis Game Factory: AGFPRO v3.0 Game Guru Remnants of Isolation Last Word Labyrinthine Dreams Aveyond: Lord of Twilight Axis Game Factory: Drone Kombat Game Guru: Mega Pack 1 Game Guru: Buildings Pack Crimzon Clover WORLD IGNITION RPG Maker: Luna Engine App Game Kit 2 Spriter Pro Sprite Lamp Axis Game Factory: AGFPRO Premium DLC Axis Game Factory: AGFPRO Voxelsculpt Game Guru: Fantasy Pack Game Guru: Megapack 3 Goats On A Bridge Axis Game Factory: AGFPRO Zombie Survival Pack Axis Game Factory: AGFPRO Zombie FPS Game Guru: Death Valley Pack Game Guru: Megapack 2 Whisper Of A Rose PlayCanvas + TANX
E3 2015 DIGITAL TICKET Magicka Wizard Wars Exclusive Staff and Blade Psychonauts Company of Heroes™ Ghost Recon Phantoms E3 Avatar (UPLAY) Ghost Recon Phantoms Starter Pack (UPLAY) Warframe 7-day Credit and Affinity Booster Packs SMITE Loki Pack SMITE Xbox One Closed Beta Tom Clancy’s Rainbow Six Siege Guaranteed Beta Access
HUMBLE ORIGIN BUNDLE 2 Dragon Age™: Origins Dead Space™ 2 Bejeweled™ 3 *Mass Effect™ 2
HUMBLE WEEKLY BUNDLE: ICEBERG INTERACTIVE Nuclear Dawn The Lost Crown *Star Ruler
HUMBLE WEEKLY BUNDLE: PRESENTED BY JOYSTIQ Dungeon of Elements The Dream Machine: Chapter 4
HUMBLE WEEKLY BUNDLE: TEAM 17 EVOLVED Worms Worms Pinball Superfrog HD
HUMBLE JUMBO BUNDLE *Sanctum 2
HUMBLE JUMBO BUNDLE 3 Always Sometimes Monsters Insurgency Blackguards KickBeat Steam Edition Always Sometimes Monsters Tesla Effect: A Tex Murphy Adventure
HUMBLE JUMBO BUNDLE 2 The Incredible Adventures of Van Helsing - Complete Pack Crusader Kings II Crusader Kings II - Norse Unit Pack Crusader Kings II - African Unit Pack Crusader Kings II - Russian Unit Pack *Legend of Grimrock
HUMBLE WB GAMES BUNDLE The Darkness II Batman™: Arkham Asylum GOTY F.E.A.R. 2: Project Origin F.E.A.R. 3 Guardians of Middle-earth: Smaug's Treasure DLC Guardians of Middle-earth Batman™: Arkham Origins DLC *The Lord of the Rings Online: Steely Dawn Starter Pack
HUMBLE ORIGIN BUNDLE Command & Conquer: Red Alert 3 - Uprising Origin Key Populous Origin Key The Sims 3 High End Loft Stuff Key (ORIGIN) The Sims 3 Late Night Key (ORIGIN) The Sims 3 Date Night Key (ORIGIN)
Galactic Civilizations II: Ultimate Edition Total War: Rome II - Nomadic Tribes Culture Pack Dracula: Love Kills Gunpoint Sonic Generations The Lord of the Rings: War in the North BioShock 2 X-COM: Apocalypse X-COM: Interceptor X-COM: Terror from the Deep *X-COM: UFO Defense
STEAM GIFT ROW (GLOBAL) Blackguards Gas Guzzlers Extreme Grim Fandango Remastered Half-Life 2 Injustice: Gods Among Us Ultimate Edition NBA 2K16: Michael Jordan Edition Nether: Resurrected Legendary PAYDAY 2: A Merry Payday Christmas Soundtrack Resident evil 4 / biohazard 4 Resident Evil 5/ Biohazard 5 Resident Evil Revelations / Biohazard Revelations Shadow Warrior Sniper Elite: Nazi Zombie Army Sonic & All-Stars Racing Transformed + DLC The Ship - 2 Pack Gift
STEAM GIFT LATIN AMERICA /SOUTH AMERICA This is Restricted gifts which can only be redeemed in these countries: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Bahamas, Ecuador, Colombia, Venezuela, Peru, Chile, Uruguay, Paraguay, Argentina, Bolivia, Guyana, Suriname, Brazil, Mexico
Aliens Collection Aliens vs. Predator™ Aliens vs. Predator Collection Assassin's Creed™: Director's Cut Edition Assassin's Creed 2 Deluxe Edition Assassin’s Creed® Brotherhood Assassin's Creed® Revelations Assassin’s Creed® III ARK: Survival Evolved Batman: Arkham Asylum Game of the Year Edition Batman: Arkham City - Game of the Year Edition Batman™: Arkham Origins BioShock Infinite BioShock Triple Pack (Incluye 3 artículos: BioShock Infinite, BioShock® 2, BioShock™) Borderlands 2 Call of Duty®: Black Ops III, Call of Duty: Black Ops III - Zombies Call of Duty Definitive Collection ( Incluye 117 artículos ) Call of Duty World War II Bundle ( Call of Duty, Call of Duty: United Offensive, Call of Duty: World at War, Call of Duty® 2) Chivalry: Complete Pack Colin McRae Rally Counter-Strike Complete incluye csgo + prime Crysis® Maximum Edition (Incluye 2 artículos: Crysis, Crysis Warhead®) Dying Light DiRT Showdown Double Dragon: Neon F1 2012 Fallout 3 Fallout: New Vegas Frankenstein: Master of Death GameMaker: Studio HTML5 Game of Thrones - A Telltale Games Series Gauntlet™ Slayer Edition Grand Theft Auto: Vice City Grim Fandango Remastered GRID GRID Autosport Just Survive, Just Survive Test Server, Z1 Battle Royale, Z1 Battle Royale: Test Server (Unknown package 42337) Hitman Absolution: Elite Edition (12 articulos) How to Survive - Storm Warning Edition Killing Floor Gift Lilly and Sasha: Curse of the Immortals Lords Of The Fallen Mad Max Mahjong Pretty Girls Battle Mahjong Pretty Girls Battle : School Girls Edition Mahjong Pretty Girls Battle Bundle Pack METAL GEAR SOLID V: GROUND ZEROES Middle-earth: Shadow of Mordor Game of the Year Edition Minecraft: Story Mode - A Telltale Games Series Need for Speed: Shift Outlast Outlast: Whistleblower DLC PAYDAY™ The Heist PAYDAY 2 gift Ryse: Son of Rome Resident Evil 6 Complete Rebellion Anthology ( 18 games + dlc) Rocket League + Supersonic Fury DLC Pack, Revenge of the Battle-Cars DLC Pack, Chaos Run DLC Pack Saints Row Ultimate Franchise Pack (48 articulos) Shadow Warrior Sniper Elite 3 South Park™: The Stick of Truth™ Spec Ops: The Line The Binding of Isaac Collection The District The Elder Scrolls V: Skyrim The Elder Scrolls V: Skyrim - Legendary Edition (juego +dlc) The Walking Dead The Walking Dead: 400 Days (DLC)) The Walking Dead: Season 2 The Witcher 2: Assassins of Kings Enhanced Edition The Wolf Among Us Trials Fusion
I want...

★Keys CS:GO

★Keys TF2

★Cards a value of 0.08 or greater

★Sack Gems

★Bitcoin of ALTcoin

★Skins CS:GO

★Items that can be sold in the market

★Mercadopago, UALA, BRUBANK (argentina)

★(I'm not interested in other games)

https://steamcommunity.com/tradeoffenew/?partner=119442372&token=CYLyUUty

( I'm new to reddit, I still don't understand the platform very well If my post has an error, please let me know and I'll fix it. )
submitted by vhander to SteamGameSwap [link] [comments]

Top 25 Questions and answer About Cryptocurrency

Top 25 Questions and answer About Cryptocurrency
https://preview.redd.it/dju4oz1g16c51.jpg?width=2400&format=pjpg&auto=webp&s=fe57edcd81ffa31bff95fe3026055020f7720dce
Cryptocurrencies have now become a buzz word. Despite the resilience that it faced initially, cryptocurrencies have come a long way. There are a total of around 5000 cryptocurrencies circulating in the market. If you plan to make a career in this domain, you need to run through the following questions.
1. What is a cryptocurrency?
Cryptocurrency is a digital currency that is transacted on a distributed ledger platform or decentralized platform or Blockchain. Any third party does not govern it, and the transaction takes place between peer-to-peer.
2. When was the first Cryptocurrency introduced?
The first Cryptocurrency or Bitcoin was introduced in the year 2009.
3. Who created Cryptocurrency?
Satoshi Nakamoto gave the first Cryptocurrency. The white paper for the same was given in 2008 and a computer program in 2009.
4. What are the top three cryptocurrencies?
The following are the three cryptocurrencies:
• Bitcoin (BTC) $128bn.
• Ethereum (ETH) $19.4bn.
• XRP (XRP) $8.22bn.
5. Where can you store Cryptocurrency?
Cryptocurrencies are stored in a digital wallet, and this is accessible via public and private keys. A public key is the address of your wallet, and the private key is the one that helps you in executing the transaction.
6. Which is the safest wallet for Cryptocurrency?
The most secured wallet for Cryptocurrency is a hardware wallet. It is not connected to the internet, and thus it is free from a hacking attack. It is also known as a cold wallet.
7. From where I can purchase cryptocurrencies?
The easiest way to buy Cryptocurrency is via crypto exchange. You can several crypto exchanges like Coinbase, Bitbuy, CHANGENow, Kraken etc.
8. What are the ten popular crypto exchanges?
The following are the best ten popular crypto exchange:
  1. Coinbase
  2. Binance
  3. FTX
  4. Cex.io
  5. Local Bitcoins
  6. Bitfinex
  7. LocalBitcoins
  8. Bittrex
  9. Coinmama
  10. Kraken
9. What are the key features of Blockchain?
We all know that Bitcoin or any other cryptocurrency runs on the Blockchain platform, which gives it some additional features like decentralization, transparency, faster speed, immutability and anonymity.
10. What is AltCoin?
It means Alternative Coin. All the cryptocurrencies other than Bitcoin are alternative coins. Similar to Bitcoin, AltCoins are not regulated by any bank. The market governs them.
11. Are cryptocurrency sites regulated?
Most cryptocurrency websites are not regulated.
12. How are Cryptocurrency and Blockchain related?
Blockchain platform aids cryptocurrency transactions, which makes use of authentication and encryption techniques. Cryptography enables technology for Cryptocurrency, thus ensuring secure transactions.
13. What is a nonce?
The mining process works on the pattern of validating transactions by solving a mathematical puzzle called proof-of-work. The latter determine a number or nonce along with a cryptographic hash algorithm to produce a hash value lower than a predefined target. The nonce is a random value used to vary the value of hash so that the final hash value meets the hash conditions.
14. How is Cryptocurrency different from other forms of payment?
Cryptocurrency runs on Blockchain technology, which gives it an advantage of immutability, cryptography, and decentralization. All the payments are recorded on the DLT, which is accessible from any part of the world. Moreover, it keeps the identity of the user anonymous.
15. Which is the best Cryptocurrency?
Several cryptocurrencies have surged into the market, and you can choose any of these. The best way to choose the right cryptocurrencies is to look at its market value and assess its performance. Some of the prominent choices are Bitcoin, Ethereum, Litecoin, XRP etc.
16. What is the worst thing that can happen while using Cryptocurrency?
One of the worst things could be you losing your private keys. These are the passwords that secure your wallet, and once they are lost, you cannot recover them.
17. What is the private key and public key?
Keys secure your cryptocurrency wallet; these are public key and private key. The public key is known to all, like your bank account number, on the hand, the private key is the password which protects your wallet and is only known to you.
18. How much should one invest in Cryptocurrency?
Well, investing in Cryptocurrency is a matter of choice. You can study how the market is performing, and based on the best performing cryptocurrency, you can choose to invest. If you are new to this, then it’s advisable that you must start small.
19. From where can one buy Bitcoin using Fiat currency?
Two of the popular choices that you have are Coinbase and Binance, where you can purchase Cryptocurrency using fiat currency.
20. Are the coins safe on exchanges?
All the exchanges have a high level of security. Besides, these are regularly updated to meet the security requirements, but it’s not advisable to leave your coins on them since they are prone to attack. Instead, you can choose a hard wallet to store your cryptocurrencies, which are considered the safest.
21. What determines the price of cryptocurrencies?
The price of cryptocurrencies is determined by the demand and supply in the market. Besides, how the market is performing also determines the price of cryptocurrencies.
22. What are some of the prominent cryptocurrencies terminologies?
There are jargons which are continuously used by people using cryptocurrencies are:
DYOR: Do Your Own Research
Dapps: Decentralized Applications
Spike: Shapr increase in the price of the Cryptocurrency
Pump: Manipulated increase in the price of a cryptocurrency
Dump: Shapr decline in the price of Cryptocurrency
23. How can I check the value of cryptocurrencies?
Various platforms will give you an update on the price of cryptocurrencies. You can keep a tab on them and check the pricing of cryptocurrencies.
24. What are the advantages of using digital currencies?
There are various advantages like you are saved from double-spending, the transactions are aster and secure. Moreover, digital currencies now have global acceptance.
25. What is the difference between cryptocurrencies and fiat currencies?
Cryptocurrencies are digital currencies which run on the Blockchain platform and are not governed by any government agencies, while the fiat currencies are the ones which are governed by authorities and government.
Conclusion- This was all the FAQs pertaining to cryptocurrency, for more such information keep coming back to Blockchain Council.
submitted by Blockchain_org to BlockchainStartups [link] [comments]

[H] NBA 2K16: MJE ROW ,List of Games [W] keys csgo,tf2,bitcoin, Items that can be sold in the market

Steam gift:

NBA 2K16: Michael Jordan Edition ROW TRADABLE

HUMBLE SQUARE ENIX BUNDLE 3 The Last Remnant Tomb Raider I Tomb Raider II Tomb Raider III Murdered: Soul Suspect
HUMBLE CODEMASTERS BUNDLE GRID 2 GRID 2 Drift Pack DiRT Showdown Overlord™ Operation Flashpoint Complete Hospital Tycoon Colin McRae Rally GRID Autosport GRID Autosport Road & Track Car Pack Overlord II Overlord Raising Hell (Expansion) Grid 2 Spa- Francorchamps Track Pack GRID Autosport Drag Pack Toybox Turbos GRID™ Rise of the Argonauts
HUMBLE JUMBO BUNDLE 5 Insurgency Men of War: Assault Squad GOTY Abyss Odyssey Blackguards Blackguards 2 Contagion Citizens of Earth Teslagrad A Story About My Uncle
HUMBLE CAPCOM BUNDLE STRIDER™ Resident Evil Revelations 2 - Episode 1: Penal Colony LOST PLANET® 3 Bionic Commando: Rearmed Resident Evil Revelations DmC: Devil May Cry Resident Evil™ 5 Resident Evil 4 Remember Me
HUMBLE JUMBO BUNDLE 4 Outland - Special Edition Fallen Enchantress: Legendary Heroes Endless Space Emperor Edition The Incredible Adventures of Van Helsing II Coin Crypt
HUMBLE WEEKLY BUNDLE: BOHEMIA INTERACTIVE 2 Take On Helicopters Alpha Prime Arma: Gold Edition Fish Fillets 2 Arma 2: British Armed Forces Arma 2: Private Military Company Arma 2: DayZ Mod Original War Arma 2: Army of the Czech Republic
HUMBLE GAME MAKING BUNDLE Axis Game Factory: AGFPRO v3.0 Game Guru Remnants of Isolation Last Word Labyrinthine Dreams Aveyond: Lord of Twilight Axis Game Factory: Drone Kombat Game Guru: Mega Pack 1 Game Guru: Buildings Pack Crimzon Clover WORLD IGNITION RPG Maker: Luna Engine App Game Kit 2 Spriter Pro Sprite Lamp Axis Game Factory: AGFPRO Premium DLC Axis Game Factory: AGFPRO Voxelsculpt Game Guru: Fantasy Pack Game Guru: Megapack 3 Goats On A Bridge Axis Game Factory: AGFPRO Zombie Survival Pack Axis Game Factory: AGFPRO Zombie FPS Game Guru: Death Valley Pack Game Guru: Megapack 2 Whisper Of A Rose PlayCanvas + TANX
E3 2015 DIGITAL TICKET Magicka Wizard Wars Exclusive Staff and Blade Psychonauts Company of Heroes™ Ghost Recon Phantoms E3 Avatar (UPLAY) Ghost Recon Phantoms Starter Pack (UPLAY) Warframe 7-day Credit and Affinity Booster Packs SMITE Loki Pack SMITE Xbox One Closed Beta Tom Clancy’s Rainbow Six Siege Guaranteed Beta Access
HUMBLE ORIGIN BUNDLE 2 Dragon Age™: Origins Dead Space™ 2 Bejeweled™ 3 *Mass Effect™ 2
HUMBLE WEEKLY BUNDLE: ICEBERG INTERACTIVE Nuclear Dawn The Lost Crown *Star Ruler
HUMBLE WEEKLY BUNDLE: PRESENTED BY JOYSTIQ Dungeon of Elements The Dream Machine: Chapter 4
HUMBLE WEEKLY BUNDLE: TEAM 17 EVOLVED Worms Worms Pinball Superfrog HD
HUMBLE JUMBO BUNDLE *Sanctum 2
HUMBLE JUMBO BUNDLE 3 Always Sometimes Monsters Insurgency Blackguards KickBeat Steam Edition Always Sometimes Monsters Tesla Effect: A Tex Murphy Adventure
HUMBLE JUMBO BUNDLE 2 The Incredible Adventures of Van Helsing - Complete Pack Crusader Kings II Crusader Kings II - Norse Unit Pack Crusader Kings II - African Unit Pack Crusader Kings II - Russian Unit Pack *Legend of Grimrock
HUMBLE WB GAMES BUNDLE The Darkness II Batman™: Arkham Asylum GOTY F.E.A.R. 2: Project Origin F.E.A.R. 3 Guardians of Middle-earth: Smaug's Treasure DLC Guardians of Middle-earth Batman™: Arkham Origins DLC *The Lord of the Rings Online: Steely Dawn Starter Pack
HUMBLE ORIGIN BUNDLE Command & Conquer: Red Alert 3 - Uprising Origin Key Populous Origin Key The Sims 3 High End Loft Stuff Key (ORIGIN) The Sims 3 Late Night Key (ORIGIN) The Sims 3 Date Night Key (ORIGIN)
Galactic Civilizations II: Ultimate Edition Total War: Rome II - Nomadic Tribes Culture Pack Dracula: Love Kills Gunpoint Sonic Generations The Lord of the Rings: War in the North BioShock 2 X-COM: Apocalypse X-COM: Interceptor X-COM: Terror from the Deep *X-COM: UFO Defense
STEAM GIFT ROW (GLOBAL) Blackguards Gas Guzzlers Extreme Grim Fandango Remastered Half-Life 2 Injustice: Gods Among Us Ultimate Edition NBA 2K16: Michael Jordan Edition Nether: Resurrected Legendary PAYDAY 2: A Merry Payday Christmas Soundtrack Resident evil 4 / biohazard 4 Resident Evil 5/ Biohazard 5 Resident Evil Revelations / Biohazard Revelations Shadow Warrior Sniper Elite: Nazi Zombie Army Sonic & All-Stars Racing Transformed + DLC The Ship - 2 Pack Gift
STEAM GIFT LATIN AMERICA /SOUTH AMERICA This is Restricted gifts which can only be redeemed in these countries: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Bahamas, Ecuador, Colombia, Venezuela, Peru, Chile, Uruguay, Paraguay, Argentina, Bolivia, Guyana, Suriname, Brazil, Mexico
Aliens Collection Aliens vs. Predator™ Aliens vs. Predator Collection Assassin's Creed™: Director's Cut Edition Assassin's Creed 2 Deluxe Edition Assassin’s Creed® Brotherhood Assassin's Creed® Revelations Assassin’s Creed® III ARK: Survival Evolved Batman: Arkham Asylum Game of the Year Edition Batman: Arkham City - Game of the Year Edition Batman™: Arkham Origins BioShock Infinite BioShock Triple Pack (Incluye 3 artículos: BioShock Infinite, BioShock® 2, BioShock™) Borderlands 2 Call of Duty®: Black Ops III, Call of Duty: Black Ops III - Zombies Call of Duty Definitive Collection ( Incluye 117 artículos ) Call of Duty World War II Bundle ( Call of Duty, Call of Duty: United Offensive, Call of Duty: World at War, Call of Duty® 2) Chivalry: Complete Pack Colin McRae Rally Counter-Strike Complete incluye csgo + prime Crysis® Maximum Edition (Incluye 2 artículos: Crysis, Crysis Warhead®) Dying Light DiRT Showdown Double Dragon: Neon F1 2012 Fallout 3 Fallout: New Vegas Frankenstein: Master of Death GameMaker: Studio HTML5 Game of Thrones - A Telltale Games Series Gauntlet™ Slayer Edition Grand Theft Auto: Vice City Grim Fandango Remastered GRID GRID Autosport Just Survive, Just Survive Test Server, Z1 Battle Royale, Z1 Battle Royale: Test Server (Unknown package 42337) Hitman Absolution: Elite Edition (12 articulos) How to Survive - Storm Warning Edition Killing Floor Gift Lilly and Sasha: Curse of the Immortals Lords Of The Fallen Mad Max Mahjong Pretty Girls Battle Mahjong Pretty Girls Battle : School Girls Edition Mahjong Pretty Girls Battle Bundle Pack METAL GEAR SOLID V: GROUND ZEROES Middle-earth: Shadow of Mordor Game of the Year Edition Minecraft: Story Mode - A Telltale Games Series Need for Speed: Shift Outlast Outlast: Whistleblower DLC PAYDAY™ The Heist PAYDAY 2 gift Ryse: Son of Rome Resident Evil 6 Complete Rebellion Anthology ( 18 games + dlc) Rocket League + Supersonic Fury DLC Pack, Revenge of the Battle-Cars DLC Pack, Chaos Run DLC Pack Saints Row Ultimate Franchise Pack (48 articulos) Shadow Warrior Sniper Elite 3 South Park™: The Stick of Truth™ Spec Ops: The Line The Binding of Isaac Collection The District The Elder Scrolls V: Skyrim The Elder Scrolls V: Skyrim - Legendary Edition (juego +dlc) The Walking Dead The Walking Dead: 400 Days (DLC)) The Walking Dead: Season 2 The Witcher 2: Assassins of Kings Enhanced Edition The Wolf Among Us Trials Fusion
I want...

★Keys CS:GO

★Keys TF2

★Cards a value of 0.08 or greater

★Sack Gems

★Bitcoin of ALTcoin

★Skins CS:GO

★Items that can be sold in the market

★Mercadopago, UALA, BRUBANK (argentina)

★(I'm not interested in other games)

( I'm new to reddit, I still don't understand the platform very well If my post has an error, please let me know and I'll fix it. )
https://steamcommunity.com/tradeoffenew/?partner=119442372&token=CYLyUUty
submitted by vhander to GameTrade [link] [comments]

30+ Reasons Why Cryptocurrencies Are Worthless

1)It is possible to change the code through a miner vote or a fork and change the total supply or anything. DASH did it : they reduced the total supply from 84M to 18.9M a few years ago. They could also increase it to 999 Trillions if they wanted to so that millions of DASH are mined every week.

2)You can also fork bitcoin anytime , start over from 0 and claim it's the real bitcoin. (BCH , BSV , BTG , LTC , BCD etc)

3)Why would you pay $10,000 for a digital collectible unit called BTC when you can use BCH or TRX or LTC .. you name it. They work just as fine and cost less. There is no rarity like in gold.

4)Think of any amount you hold in ethereum as a gift card to use smart contracts on the ETH blockchain. Ridiculous. You’d rather hold a wal mart gift card or even simply cash.

5)Private keys may be bruteforced as we speak. Quintillions entries a second. When they’ll have enough bitcoins under control , they could move them all at once instantly.(At least 45,000 ETH have been stolen this way for now through ethereum bandit)SHA 256 is too old , bitcoin is 10 years old , it is not secure enough , quantum computing could potentially break it.

6)And that’s if people don’t find a way to create an infinite amount of coins to sell on exchanges.. it happened with monero , stellar , bitcoin , zcash , zcoin , eos , etc..

proofs :

“Bitcoin , Coindesk : “The Latest Bitcoin Bug Was So Bad, Developers Kept Its Full Details a Secret”an attacker could have actually used it to create new Bitcoin — above the 21 million hard-cap of coin creation — thereby inflating the supply and devaluing current bitcoins.”

Stellar : “Stellar Inflation: Glitch Leads to 2.25 Billion Extra XLM Printed”

Monero : “A bug in the Monero (XMR) wallet software that could enable fake deposits to exchanges has been recently brought to public attention through a Medium post”

Zcoin : Forged coins were created, but not exceeding 1% of the circulating supply. We will release further details on exact numbers when Sigma is released.

EOS : “Hackers Forge Billion EOS Coins to Steal Real Crypto From DEX “

Zcash : “Zcash Team Reveals It Fixed a Catastrophic Coin Counterfeiting Bug” etc..

7)Segwit , and especially Lightning network is a very complex technology and it will inevitably have flaws , bugs , it will be exploited and people will lose money. That alone can cause bitcoin to drop very low levels.

8)Then miners may be losing millions so they will stop mining , blocks may be so slow , almost no transaction will come though , and bitcoin may not have enough time to reach the next difficulty adjustement. This is reffered to as a death spiral. Then every crypto even those with no mining involved may crash hard.

9)Many crypto wallets are unsafe and have already caused people to lose all their investment , including the infamous “parity wallet”.

10)It is NOT trustless. you have to trust the wallet you’re using is not just generating an address controlled by the developper , you have to trust the node the wallet connects to is an honest node , you have to trust a Rogue state or organization with enough computing power will not 51% attack the network. etc..

11)Bitcoin is NOT deflationary. Bitcoins are created every blocks (roughly every 10 minutes) and you wil be dead by the time we reach the 21 million current hard cap.

12)Bitcoin price may artificially be inflated by Tether.

13)It’s an energy waste , an environmental catastrophy.

14)The only usecases are money laundering , tax evasion , gambling , buying on the dark net , evading sanctions and speculation.

15)Governments will ban it if it gets too big , and they have a big incentive to do so , not only for the obscure usecases but also because it threatens the stability of sovereign currencies. Trump could kill bitcoin with one tweet , force fiat exchanges to cease activity.

16)Most cryptos are scams , the rest are just crazy speculative casino investments.

17)It is pyramidal : early adopters intend to profit massively while last comers get crushed. That's not how money works. The overwhelming majority of crypto holders are buying it because they think they will be able to sell it to a higher price later. Money is supposed to be rather stable. That's why the best cryptocurrencies are USDT USDC etc..

18)The very few stores accepting bitcoin always have the real price in the local currency , not in bitcoin. And prices like 0.00456329 BTC are ridiculous !

19)About famous brokers listing bitcoin : they have to meet the demand in order to make money , it doesn't mean they approve it , some even short it (see interactive broker's CEO opinion on bitcoin)

20)People say cash is backed by nothing and losing value slowly , and yes it is very flawed , but there is a whole nation behind it , it's accepted everywhere , you can buy more things with it.

21)Everybody in crypto thinks that there will be a new bullrun and that then , they will sell. But because everybody thinks it will happen , it might not happen. The truth is past performance doesn’t indicate future performance and it is absolutely not guaranteed that there will ever be another bullrun. The markets are unpredictable.

22)Also BTC went from about $0.003 to the price it is today , so don’t think it’s cheap now.

23)There is no recourse if you’re scammed/hacked/made a mistake in the address etc. No chargebacks. But it might be possible to do a rollback (blockchain reorganization) to reverse some transactions. BSV did it.

24)In case of a financial crisis , the speculative assets would crash the most and bitcoin is far from being a non speculative safe heaven ; and governments might ban it to prevent fiat inflation to worsen.

25) Having to write down the private key somewhere or memorize it is a security flaw ! It’s insane to think a system like this will gain mass adoption.

26) The argument saying governments can not ban it because it is decentralized (like they banned drugs) doesn’t work for cryptos. First , drugs are much harder to find and much more expensive and unsafe because of the ban , and people are willing to take the risk because they like it. But if crypto is banned , value will drop too much , and if you can’t sell it for fiat without risking jail , goodluck to find a buyer. Fiat exchanges could close. Banks could terminate every crypto related bank account. And maybe then the mining death spiral would happen and kill all cryptos.

27) Crypto doesn’t exist. It’s like buying air. It’s just virtual collectibles generated by a code. Faguzzi, fugazzi, it’s a whazzie, it’s a whoozie.. it’s a.. fairy dust. It doesn’t exist. It’s never landed. It’s no matter, it’s not on the elemental chart. It… it’s not fucking real!

28) Most brilliant guys have come out and said Bitcoin was a scam or worthless. Including Bill Gates , Warren Buffet , The Wolf Of Wall Street…

29) Inflation is necessary for POW , BTC code will have to be changed to bypass the 21M cap or mining will die ! If BTC code is not changed to allow for miners to be paid reasonably , they will cease mining when the bitcoin block reward gets too low.Even monero understood it ,the code will have to be changed to allow for an infinite bitcoin supply (devaluating all current bitcoins) or the hash will decrease and the security of bitcoin will decrease dramatically and be 51% attacked

30) Don’t mix up blockchain and cryptos. Even blockchain is overrated. But when you hear this or that company is going blockchain , it doesn’t mean they support cryptocurrencies.

31) Craig Wright had a bitcoin mining company with Dave Kleinman (he died) and on january 1 2020 he claims he will be able to access the 1.1M BTC/BCH/BTG from the mining trust. He may or may not dump them on the market , he also said BTC had a fatal flaw and that by 2019 there will be no more BTC.

32) Hacks in cryptos are very common and usually massive. Billions of dollars in crypto have been stolen in the last 6 years. In may 2019 Binance was hacked and lost 7,000 BTC (and it’s far from being the biggest crypto hack).

33) Bitcoin was first. It's an ancient technology. Newer blockchains have privacy, smart contracts, distributed apps and more.Bitcoin is our future? Was the Model T the future of the automobile? (John Mc Afee)

34) IOTA investiguating stolen funds on mainnet. IOTA shuts down the whole network to deal with trinity wallet attack.


While the native language of the writter is not english , I think you get the point and it doesn't make it any less relevant.
submitted by OverTheRedHills to u/OverTheRedHills [link] [comments]

30+ Reasons Why Cryptocurrencies Are Worthless

1)It is possible to change the code through a miner vote or a fork and change the total supply or anything. DASH did it : they reduced the total supply from 84M to 18.9M a few years ago. They could also increase it to 999 Trillions if they wanted to so that millions of DASH are mined every week.

2)You can also fork bitcoin anytime , start over from 0 and claim it's the real bitcoin. (BCH , BSV , BTG , LTC , BCD etc)

3)Why would you pay $10,000 for a digital collectible unit called BTC when you can use BCH or TRX or LTC .. you name it. They work just as fine and cost less. There is no rarity like in gold.

4)Think of any amount you hold in ethereum as a gift card to use smart contracts on the ETH blockchain. Ridiculous. You’d rather hold a wal mart gift card or even simply cash.

5)Private keys may be bruteforced as we speak. Quintillions entries a second. When they’ll have enough bitcoins under control , they could move them all at once instantly.(At least 45,000 ETH have been stolen this way for now through ethereum bandit)SHA 256 is too old , bitcoin is 10 years old , it is not secure enough , quantum computing could potentially break it.

6)And that’s if people don’t find a way to create an infinite amount of coins to sell on exchanges.. it happened with monero , stellar , bitcoin , zcash , zcoin , eos , etc..

proofs :

“Bitcoin , Coindesk : “The Latest Bitcoin Bug Was So Bad, Developers Kept Its Full Details a Secret”an attacker could have actually used it to create new Bitcoin — above the 21 million hard-cap of coin creation — thereby inflating the supply and devaluing current bitcoins.”

Stellar : “Stellar Inflation: Glitch Leads to 2.25 Billion Extra XLM Printed”

Monero : “A bug in the Monero (XMR) wallet software that could enable fake deposits to exchanges has been recently brought to public attention through a Medium post”

Zcoin : Forged coins were created, but not exceeding 1% of the circulating supply. We will release further details on exact numbers when Sigma is released.

EOS : “Hackers Forge Billion EOS Coins to Steal Real Crypto From DEX “

Zcash : “Zcash Team Reveals It Fixed a Catastrophic Coin Counterfeiting Bug” etc..

7)Segwit , and especially Lightning network is a very complex technology and it will inevitably have flaws , bugs , it will be exploited and people will lose money. That alone can cause bitcoin to drop very low levels.

8)Then miners may be losing millions so they will stop mining , blocks may be so slow , almost no transaction will come though , and bitcoin may not have enough time to reach the next difficulty adjustement. This is reffered to as a death spiral. Then every crypto even those with no mining involved may crash hard.

9)Many crypto wallets are unsafe and have already caused people to lose all their investment , including the infamous “parity wallet”.

10)It is NOT trustless. you have to trust the wallet you’re using is not just generating an address controlled by the developper , you have to trust the node the wallet connects to is an honest node , you have to trust a Rogue state or organization with enough computing power will not 51% attack the network. etc..

11)Bitcoin is NOT deflationary. Bitcoins are created every blocks (roughly every 10 minutes) and you wil be dead by the time we reach the 21 million current hard cap.

12)Bitcoin price may artificially be inflated by Tether.

13)It’s an energy waste , an environmental catastrophy.

14)The only usecases are money laundering , tax evasion , gambling , buying on the dark net , evading sanctions and speculation.

15)Governments will ban it if it gets too big , and they have a big incentive to do so , not only for the obscure usecases but also because it threatens the stability of sovereign currencies. Trump could kill bitcoin with one tweet , force fiat exchanges to cease activity.

16)Most cryptos are scams , the rest are just crazy speculative casino investments.

17)It is pyramidal : early adopters intend to profit massively while last comers get crushed. That's not how money works. The overwhelming majority of crypto holders are buying it because they think they will be able to sell it to a higher price later. Money is supposed to be rather stable.

18)The very few stores accepting bitcoin always have the real price in the local currency , not in bitcoin. And prices like 0.00456329 BTC are ridiculous !

19)About famous brokers listing bitcoin : they have to meet the demand in order to make money , it doesn't mean they approve it , some even short it (see interactive broker's CEO opinion on bitcoin)

20)People say cash is backed by nothing and losing value slowly , and yes it is very flawed , but there is a whole nation behind it , it's accepted everywhere , you can buy more things with it.

21)Everybody in crypto thinks that there will be a new bullrun and that then , they will sell. But because everybody thinks it will happen , it might not happen. The truth is past performance doesn’t indicate future performance and it is absolutely not guaranteed that there will ever be another bullrun. The markets are unpredictable.

22)Also BTC went from about $0.003 to the price it is today , so don’t think it’s cheap now.

23)There is no recourse if you’re scammed/hacked/made a mistake in the address etc. No chargebacks. But it might be possible to do a rollback (blockchain reorganization) to reverse some transactions. BSV did it.

24)In case of a financial crisis , the speculative assets would crash the most and bitcoin is far from being a non speculative safe heaven ; and governments might ban it to prevent fiat inflation to worsen.

25) Having to write down the private key somewhere or memorize it is a security flaw ! It’s insane to think a system like this will gain mass adoption.

26) The argument saying governments can not ban it because it is decentralized (like they banned drugs) doesn’t work for cryptos. First , drugs are much harder to find and much more expensive and unsafe because of the ban , and people are willing to take the risk because they like it. But if crypto is banned , value will drop too much , and if you can’t sell it for fiat without risking jail , goodluck to find a buyer. Fiat exchanges could close. Banks could terminate every crypto related bank account. And maybe then the mining death spiral would happen and kill all cryptos.

27) Crypto doesn’t exist. It’s like buying air. It’s just virtual collectibles generated by a code. Faguzzi, fugazzi, it’s a whazzie, it’s a whoozie.. it’s a.. fairy dust. It doesn’t exist. It’s never landed. It’s no matter, it’s not on the elemental chart. It… it’s not fucking real!

28) Most brilliant guys have come out and said Bitcoin was a scam or worthless. Including Bill Gates , Warren Buffet , The Wolf Of Wall Street…

29) Inflation is necessary for POW , BTC code will have to be changed to bypass the 21M cap or mining will die ! If BTC code is not changed to allow for miners to be paid reasonably , they will cease mining when the bitcoin block reward gets too low.Even monero understood it ,the code will have to be changed to allow for an infinite bitcoin supply (devaluating all current bitcoins) or the hash will decrease and the security of bitcoin will decrease dramatically and be 51% attacked

30) Don’t mix up blockchain and cryptos. Even blockchain is overrated. But when you hear this or that company is going blockchain , it doesn’t mean they support cryptocurrencies.

31) Craig Wright had a bitcoin mining company with Dave Kleinman (he died) and on january 1 2020 he claims he will be able to access the 1.1M BTC/BCH/BTG from the mining trust. He may or may not dump them on the market , he also said BTC had a fatal flaw and that by 2019 there will be no more BTC.

32) Hacks in cryptos are very common and usually massive. Billions of dollars in crypto have been stolen in the last 6 years. In may 2019 Binance was hacked and lost 7,000 BTC (and it’s far from being the biggest crypto hack).

33) Bitcoin was first. It's an ancient technology. Newer blockchains have privacy, smart contracts, distributed apps and more.Bitcoin is our future? Was the Model T the future of the automobile? (John Mc Afee)

34) IOTA investiguating stolen funds on mainnet. IOTA shuts down the whole network to deal with trinity wallet attack.


While the native language of the writter is not english , I think you get the point and it doesn't make it any less relevant.
submitted by OverTheRedHills to u/OverTheRedHills [link] [comments]

TokenClub Bi-Weekly Report — Issue 116(6.1–6.14)

TokenClub Bi-Weekly Report — Issue 116(6.1–6.14)

https://preview.redd.it/j0djo8qwty451.png?width=1343&format=png&auto=webp&s=f22a87463a1ba07c3c48fe40002e5cbd19745104
Hello everyone, thank you for your continued interest and support. In the past two weeks, various tasks of TokenClub have been progressing steadily. The product development and community operation progress this week are as follows:
1. TokenClub Events
1)TokenClub’s 2nd Token Circle Talent Show starts registration
The second 2nd Token Circle Talent Show is coming, providing you with a big stage that you want to show yourself in the coin circle. 500,000 people will watch your performances here. This event takes part in the form of registration, and enters the selection competition after passing the preliminary screening of TokenClub. The trial will be promoted in the form of live PK. Winners will receive key support from TokenClub, self-media matrix, help create personal exclusive boutique columns, get the chance to talk with more heavyweight guests, and there will be TCT awards waiting for you! Friends, sign up now.


https://preview.redd.it/f6s3axeyty451.png?width=1080&format=png&auto=webp&s=06513d733b2415c5550d6d34ca50b47dc3ae714e
2)June 1 activity ended successfully
On the advent of “June 1”, the TokenClub team opened a new welfare activity for overseas communities. During the event, follow the team’s official Twitter and forward the event poster in real time, or participate in the topic interaction of the Telegram group to receive private red envelope rewards


https://preview.redd.it/16ffpkqzty451.png?width=1080&format=png&auto=webp&s=dba7dc67a0864355bf4fd340f0ca4b0f77f16020
3)BTCGrandpa is invited to participate in the live broadcast of Golden Finance
On June 3rd, Grandma Coin was invited to participate in the live broadcast of Golden Finance’s “Mining Double Coins” theme. Review link:
https://m.jinse.com/live/topic?id=14268.

https://preview.redd.it/aaoh8p81uy451.png?width=1080&format=png&auto=webp&s=ffc1e74ea72ce203f02363ca1efa627af29482a8
4)BTCGrandpa was invited to participate in the 499 Block community AMA
On June 11, Grandpa Nina was invited to participate in the 499Block community AMA. The theme is “Coin Circle Big V Coin Grandpa takes you to see the market”, the article review link:
https://mp.weixin.qq.com/s/qCnwuaohiwi4BXcbRSJ1gw


https://preview.redd.it/47hiynm3uy451.png?width=1080&format=png&auto=webp&s=380f4f0990dbd235e8b9e85bed44e6c83a762ee2
2.TokenClub Live
1) Summary
Recently, Jianan Technology Senior Vice President Lu Xiaoming, OKEx CEO-Jay Hao, Founder of Litecoin Charlie Lee, Binance Vice President Lu Mai, Bitribe Founder-SKY, Luyin Agreement Founder-Wang Dong, Kubi CEO-Johnny Lyu , Co-Founder of BTW.com-Dylan, MYKEY & Coin Hu founder Guru, suterusu investor & Betterbit founder Richard, CasperLabs CEO-Mrinal Manohar, CasperLabs COO- Cliff Sarkin, DoraHacks partner & business leader-Yue Hanchao, former Silicon Valley Engineer & Early Blockchain User-Wu Weilong, Distributed Capital Partner and General Counsel Sun Ming, Ontology Founder Li Jun, Cardano Project Founder Charles Hoskinson, QuarkChain Founding Partner Anthurine, ARPA Co-Founder & Chief Growth Officials-Nogi, the well-known KOL Ke Haoran of the currency circle, the “Ancient” old leek who loves trading, One.Love, the early investor of Bicc & the founder of CC Capital & the co-founder of the three o’clock blockchain community Wang Xiaobin, Binance Angel Steven, Binance Angel Wu Mi, Binance Angel July, Injective Protocol Co-Founder and CEO-Eric Chen, BN Capital Senior Partner-Wayne Lin, and TokenClub Blockchain and Cryptocurrency Investment Strategy Senior Expert-Zao Shen Chat with everyone Those things of the blockchain~
On June 1, the global blockchain live festival “Stay Live, Stay Young”-Bitribe +499BLOCK hosted by 499Block and Bitribe was childlike and childlike, celebrating June 1st. A total of 18 industry heavyweights, Jay Hao, Charlie Lee, Mai Lu, SKY, etc., and many industry leading exchanges such as Binance, OKEx, Matcha, Kucoin, Bitribe, BTW, etc. were invited to participate in the live broadcast festival Including Luyin agreement, Harmony, Cortex, Beam, Wedifi, etc., the continuous airdrop of up to 6BTC.

https://preview.redd.it/iiwbpnb5uy451.png?width=1280&format=png&auto=webp&s=9a31ff98d3fac926e0178dac969949db12e24b86
On June 1st, CasperLabs CEO-Mrinal Manohar, CasperLabs COO- Cliff Sarkin, DoraHacks partner & business leader-Yue Hanchao, former Silicon Valley engineer & early blockchain user-Wu Weilong was a guest at the TokenClub live room, sharing the theme: Ethereum 3.0: Casper Labs, a Silicon Valley star project, takes us to interpret Casper Labs together.

On June 1, Binance Luna talked to Lu Xiaoming, senior vice president of Jianan Technology, and talked to us about the mine. Lu Xiaoming believes that blockchain has played a huge role in breaking the “data island” and other aspects, and he has confidence in the future of the industry. Just like the sentence he gave to everyone: “We still believe firmly, still believe, of course ,we still love you!”

On June 2nd, Binance Yingge talked to the founder of MYKEY & Coin Hu. Around: “Is Stablecoin a killer application?” Speaking from the beginning of the coin circle to the first pot of gold to the establishment of MYKEY, Guru and shared with us the secrets of grasping so many value projects, investment experience, etc., and stability The key analysis was carried out.

On June 3, Binance Sis talked with Sun Ming, Partner and General Counsel of Distributed Capital-”Sun Ming, Partner of Distributed Capital: The past of the currency circle of a lawyer.” Sun Ming is more optimistic about Ethereum than Bitcoin. Sun Ming believes that the easiest way to invest is to choose the most important project in the main track.

On June 4, Charles Hoskinson, the founder of Cointelegraph Chinese and the Cardano project, gave a live broadcast and shared an in-depth discussion around the topic of “How to Cardano surpass Ethereum after five years of precipitation.” Charles Hoskinson, who was a close working partner with V God and BM, why did he leave Bitshares and Ethereum to create the Cardano project? There is an answer in the live room.

On June 4, Binance Li Jiayi talked with Ontology founder Li Jun-”Ontology founder’s blockchain entrepreneurial experience”. For the future of the public chain, Li Jun believes that in the past two years of infrastructure construction, the public chain has paid more attention to technology. However, in the process of open source in the blockchain industry, technical homogeneity is gradually emerging. In the next stage, the public chain will pay more attention to the application of landing entities and offline scenarios, and new focus will appear, which is a good thing for the development of the public chain.

On June 5, Binance Seven Seven talked to Binance Captains-Hard Candy, He Rensi, Deer Deer Captain, and three post-90s Binance Captains. Focusing on the topic of “Binan Captain chatting about “Cloud Stall” earning “after-sleep income”, I talked about how the entire currency circle has been following the wind in recent days, to see how the Captain Binance is lying and making money.

On June 6, the post-modernist economist hard-core punkist master, Zao Shen, went online, with the theme of “street stalls in the city management area, and speculation of coins out of heaven.” “Street economy” has become the most popular word recently. In this issue, Zao Shen takes everyone to analyze: behind the promotion of the land stall economy, what are the trends and choices in national policies? And analyzed the recent stock market, currency circle, and international policies.

On June 8th, Binance Luna talked to Anthurine, the founding partner of QuarkChain, focusing on the “challenges and opportunities of blockchain in the “new infrastructure””. Anthurine is interested in the development of China’s new infrastructure and the blockchain industry in the new infrastructure In order to play its role, how to participate, and the new infrastructure you think they need the underlying architecture of the blockchain and other issues have been shared in detail.

On June 9th, Binance Yingge talked with ETC Asia-Pacific community manager Xu Kang Christian, and talked to everyone: the brother story of ETC and ETH. Xu Kang said that after 2016, a hard fork occurred in Ethereum. The newly forked chain is ETH, and the original chain is now ETC. Xu Kang believes that the most suitable native scenario for blockchain implementation is the financial field, followed by the alliance chain that the country has vigorously developed.

On June 10th, ARPA co-founder & chief growth officer-Noki as a guest TokenClub live broadcast room and Gate brand public relations Yue Yue connection centered on “ARPA DeFi ideas and growth strategy” centered on the discussion. Nogi talked to you about some ARPA things, and shared her views on the future of the entire digital currency and blockchain industry.

On June 10, Binance Li Jiayi talked to the well-known KOL Ke Haoran of the currency circle and One.Love, the “old” leek who loves trading. Both guests were Binance’s “bosses” (rebate partners). The two guests shared their respective stories in the currency circle and the stories they saw, and shared their own experience in currency speculation.

On June 11, Wang Xiaobin, an early investor of Bicc, founder of CC Capital, and co-founder of the three o’clock blockchain community made a guest live sharing and shared about the BICC trading platform, recent industry hotspots, and blockchain technology.

On June 11, Binance Qianjiangyue spoke to Binance Angels Steven, Wu Mi and July. Binance Angel is a volunteer team established at the beginning of Binance. This team exists as a real voice of community users. The three Binance Angels also shared their daily work in the live broadcast room.

On June 12, Binance Sis talked with Injective Protocol co-founder and CEO-Eric Chen, BN Capital Senior Partner-Wayne Lin, and shared their experiences of speculating on coins around “Defi makes the market value of crypto assets tenfold” , Investment experience and experience, a hot discussion was held on blockchain technology and Defi ecology.

On June 13th, the currency circle song king Zao Shen went live, and the theme was “Recovery of the Minority, Lost of the Most”. Mainly revolving around this Thursday’s plunge in the currency circle, US stocks have driven the currency market to chat. On the linkage of the US stocks & currency circle, the reasons for the collapse of US stocks, the following market trends and investment strategies were analyzed one by one. For more exciting content, please move to the live room.

3.TokenClub operation data
-Live data: 17 live broadcasts in the past two weeks, with over 500,000 views. TokenClub hosted a total of 889 live broadcasts with a total of 45.78 million views.
-Binary trade data: In the past two weeks, guess the rise and fall to participate in a total of 5274 times, the amount of participation exceeded 3 million TCT. At present, it is guessed that the rise and fall function has participated in a total of 1.12 million times, with a cumulative participation amount of 501 million TCT.
-Chat data: In the past two weeks, a total of 10124 messages have been generated. A total of 4.88 milliom messages have been launched since the function was launched.
-Mini-game data: The mini-game has participated in a total of 5069 times in the past two weeks. A total of 1,67 million self-functions have been online.
-Cut leeks game data together: Since the game was launched, the total number of user participation in the game was 976086 TCT total consumption was 6.28 million gift certificate total consumption was 16.39 million and TCT mining output was 163812.
-TokenClub KOL data: Over the past two weeks, the total reading volume of the BTCGrandpa article has been viewed by more than 300,000 people.
-Social media data: At present, the number of Weibo official accounts is 18053 and the number of Twitter followers is 1822 and we have opened the official Medium account this week, welcome to follow.
-Telegram official group data: In the past 2 weeks, there were 741 chats in the group, and the total number of Telegram official groups is currently 3113.
-Medium data: Medium official account u/TokenClub has published 3 excellent articles, official announcements and updates are published in English, welcome to follow.
4.Communities
1)Overseas community
On June 1, TokenClub organized an award-winning event for overseas users to participate in live broadcast interaction, retweet Twitter, and telegram group chat. At the same time, with the increase of live broadcast content, the telegram group is becoming more and more active, and the questions raised by overseas users who have just entered the telegram group are also answered in the first time. TokenClub has translated the high-quality live content of the past two weeks into English and released it to the Medium platform. Please pay attention.

https://preview.redd.it/8x7dtqliuy451.png?width=1280&format=png&auto=webp&s=197e7304091805750d322b09fc469116e813fba5
TCT has been listed on Binance、Okex、Gate.io、ZB-M、MXC、Biki、Coinex、BigOne、Coinbene、Cybex、SWFT、Loopring、Rootrex etc.
TokenClub website: www.tokenclub.com
Telegram:https://t.me/token_club



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AMA Recap of CEO and Co-founder of Chromia, Henrik Hjelte in the @binancenigeria Telegram group on 03/05/2020.

Moh (Binance Angel)🇳🇬,
Please join me to welcome, “CHROMIA CEO & Co-founder, Henrik Hjelte” and “ CMO, Serge lubkin”
Oh, before we proceed, kindly introduce yourselves and tell us a bit about your roles at Chromia u/sergelubkin & u/henrik_hjelte.
Henrik Hjelte,
Ok, I’m Henrik, I’m CEO of ChromaWay that crated the Chromia project. My background is a bit mixed: developer for 30+ years (since 80: s), but I studied other things at university (economics, politics, social sciences philosophy). Life is more than computer you know… I worked with FInance/IT then started a web startup and got to know Alex Mizrahi who worked as a developer….
Web startup didn’t fly, but Alex showed me bitcoin. When I finally read the whitepaper I was blown away, and joined Alex colored-coins project, the first open source protocol to issue tokens. in 2013.
So, we started with open-source tokens (that kickstarted the blockchain industry. Then started company together 2014.
That is a long intro, I’ll shut up now… Thanks….
Serge,
I’m Serge, I’m assisting Henrik today and I work with Chromia marketing team as well as on some business development projects
Moh (Binance Angel)🇳🇬, , Question No 1 :
Kindly describe the CHROMIA project and what it aims to achieve?
Henrik Hjelte,
Chromia is a new public blockchain based on the idea of integrating traditional databases, Relational databases with blockchain security. Chromia is a general purpose blockchain with full smart contract capabilities, just that it is a lot easier to code, even complex applications. You code with an easy to learn new programming language that combines the power of SQL and normal languages but makes it secure in a blockchain context. Up to 1/10 the code-lines vs other blockchains. There is a blog post about it, I’ll share later. On lines of code.
The aim of Chromia is to combine relational databases, which exist in every kind of organization, together using blockchains. We want to provide a platform for our users to develop totally decentralized apps securely. Our goal is for Chromia to be seen as the number one infrastructure for decentralized applications.
https://blog.chromia.com/reasons-for-rell-compactness/
Moh (Binance Angel)🇳🇬,Question No 2:
What inspired the CHROMIA Core team to pick interest in CHROMIA project? what breakthrough have you achieved so far? what are the present challenges you’re facing and how are you planning to overcome them?
Henrik Hjelte,
We started with public blockchains, tokens in 2012, the world’s first stable coin with a bank 2015 (LHV). When coding that solution, peer to peer payments of Euro-tokens, we discovered we need performance reasons to store all data in a database. We needed to quickly know the “balance” of a user, and can’t loop through a blockchain. And slowly the idea grew that we can make the database INTO a blockchain, integrate completely with the transaction mechanism of a database. So, we did it as a private blockchain first (Postchain), used it for some projects, then came up with the idea to make a Public Blockchain based on it.
The motivation is that we felt we needed a better programming model for blockchains. Our CTO Alex has always been thinking of optimal solutions for blockchain technology and has lots of experiences thinking about it. Also: make real-world useful things. For example, we support free-to-play models since users do not need to own “our” token to USE apps, the application itself (often the developer) pays for hosting. And of course, great performance. Also: more knowledge of who runs nodes and risk level. So, it is more suitable for enterprises.
In Chromia the application (at the start the developer) decides Who should be allowed to run its own blockchain (every dapp has its own blockchain). You can also say on a higher level that we want to provide technology to create “Public applications”, a tool
that enables us to create a fairer world.
https://blog.chromia.com/towards-publicly-hosted-applications/
Moh (Binance Angel)🇳🇬, Question No 3 :
Why did you create your own blockchain instead of leveraging on existing and proven base layer protocol?
Henrik Hjelte,
None of the existing protocols are suitable to support large-scale, mainstream applications. We designed Chromia to give our users exactly what they want; fast support, useful features, with an affordable service cost. Other platforms do not have the ability to host data applications in a decentralized and secure way, as Chromia can. Chromia also has its own bespoke programming language that sets it apart from SQL-based platforms. It’s so easy to use, even non-developers can understand it!
The other big difference with Chromia concerns payments. Chromia gives its users freedom from having to pay for each transaction. With Chromia, you have the flexibility to decide how to set fees for your dapp
And when it comes to “proven base layer protocols”: they are just a few years at max. Chromia is built on top of Postgresql, that has been used in enterprises for decades, a really proven technology. And the Java virtual machine on top of that. This is proven tech, at core.
Moh (Binance Angel)🇳🇬, Question No 4 :
What is Postchain?
Henrik Hjelte,
Postchain is an open-source product of ChromaWay for enterprise clients and it’s the core technology on which Chromia is built.
Postchain is a replicated blockchain and database that offers highly resilient distributed database management with distributed control.
Postchain is the only product on the market that combines the immutable consensus of a blockchain and the properties of a real database management system (You know, the tech that built SAP, Facebook, Banks…) …
Postchain allows you to share information between companies and/or individuals in a secure and transparent way.
That is the low-level base of Chromia you can say
Moh (Binance Angel)🇳🇬,
Can you please name some of your clients that are using this service already?
Serge,
You mean products built on Postchain? Also, Stockholm Green Digital Finance, Green Assets Wallet that’s now functioning on Chromia Bootstrap Mainnet.
Big financial institutions
It’s only a beginning of course, but very promising one. https://greenassetswallet.org/news/2019/12/12/launch-of-the-green-assets-wallet
Henrik Hjelte,
We got a lot of attention with the Swedish Land registry; we did a joint project between them and banks and a telco etc on postchain as base.
Then, right now we do a large project with the Inter-American Development bank also about land-registration (processes) in South America.
We had a client, Stockholm Green Digital Finance, that did a system for green bonds (tracking environmental impact. Yes, as Sege says, it was later moved to Chromia…
Which is cool. Also, another external development company did that phase of the project, proving that other can build on our tech,4irelabs from Ukraine is their name. Some companies using the GAW: Blackrock. SEB Bank etc…
Also, we have done more projects, in Australia, asia etc. Oh Daimler too (the Mercedes company) …
Moh (Binance Angel)🇳🇬,
Lots of enterprise clients you’ve got. No wonder I do see the meme “CHR=ETH KILLER”
Serge,
It’s a meme from our supporters. But we believe we can coexist:)
For some niche things eth is good :)
So, no killing :D
Henrik Hjelte,
We want to work with partners too for this, we can’t do all projects ourselves. Also, for Chromia projects, ChromaWay company can help do support maintenance etc. So, it is not competing, it adds value to the ecosystem.
Yeah ETH is good too, for some applications. We are friends with them from colored-coin times.
And colored-coins inspired ETH, and ETH inspires us.
Moh (Binance Angel)🇳🇬, Question No 5 :
Lastly, CHROMIA is already doing very well in terms of business. You just got listed on BINANCE JEX, you are on-boarding new clients and dishing out new features. But what’s next? Is there anything to be excited about?
Henrik Hjelte,
Plans for 2020 are to both release a series of dapps to showcase how fantastic Chromia is, as well as continue to develop the platform. And when it is secure and good enough, we will release the mainnet.
Dapps are now being made by us as well as others. We do a decentralized social network framework called Chromunity, now released to TestNet. It is really cool, users can vote over moderators, and in the future users might even govern the complete application, how it can be updated. This is a great showcase for Chromia and why we use the slogan Power to the Public.
https://testnet.chromunity.com/
Games coming are:
Mines of Dalarnia (by Workinman Interactive). An action game in a mine with blockchain rental of plots and stuff. Already on TestNet and you can take a peek on it at https://www.minesofdalarnia.com
more coming…
Krystopia 2, novas journey. A puzzle game done by Antler Interactive. Could only find trailer though: https://www.youtube.com/watch?v=-G95-Dw3kI4
However, we have even larger ambitions with blockchain gaming…
We are doing A secret demo-project that we do together with Antler to showcase the technical potential of Chromia platform.
Another exciting relase is an indie game Chain of Alliance, done by two external developers. It is a strategy game with full-logic on blockchain. Public release on TestNet on May 22!
More coming in 2020: Other dapps from other companies, one in impact-tech.
That is a serious app, Chromia also works outside gaming and social media for enterprises and startups
And I hope some of you will do something, we want to support dapps on the platform so reach out to us…
Moh (Binance Angel)🇳🇬,
When can we be expecting the mainnet? Any approximate time? I’m sure the community will really excited to have that info
Serge,
It’s now in Bootstap phase, so it’s technically already functioning. MVP will be very soon
Stay tuned;)
Twitter questions Vs answers
Ellkayy,
What’s the unique thing in Chromia that no other blockchain has, that makes you the better option?
Henrik Hjelte,
Unique: Chromia is the only blockchain that also has a real, proper database built-in. And blockchain is about managing data in a shared context. How to best managed data was solved in computer science already. So far, it is the relational algebra model that is used in 100% of all enterprises, and has an 85% market share. Chromia is the only blockchain that use that model and that power.
Ellkayy,
Why Chromia use RELL and not SQL or JavaScript? Can developers with other language knowledge use Chromia?
Serge,
Rell is the only language on the blockchain side. You can combine with anything on client-side, although now client only exists for JS/TS, C# and Java/Kotlin. Rell is a language for relational blockchain programming. It combines the following features:
1 Relational data modeling and queries similar to SQL. People familiar with SQL should feel at home once they learn the new syntax.
2 Normal programming constructs: variables, loops, functions, collections, etc.
3 Constructs which specifically target application backends and, in particular, blockchain-style programming including request routing, authorization, etc.
Rell aims to make programming as convenient and simple as possible. It minimizes boilerplate and repetition. At the same time, as a static type system it can detect and prevent many kinds of defects prior to run-time.
Roshan DV,
I have been monitoring your project for a while but some concerns about it: Your project will build your own core network, so you have more visibility than Ethereum and NEO. These are projects that were born before and which also have a very large community. And what can assure you that your project will guarantee the functionalities that you have defined?
Henrik Hjelte,
What came first? I want to remind that Vitalik was in the colored-coins project, led by our CTO and we had blockchain in production before ETH and NEO etc existed. We are the old dogs…
Large community: We are part of the same community. When developers are fustrated and want to try new tech, they go to us from other blockchains.
Also, we have a large potential: SQL (close to Rell and our tech) is the world top 3 language. Bigger than Java. Bigger than PHP. Only beaten bny HTML and javascript. Soliditiy is not on top 20 list. THere are millions of developers that know SQL. That is potential for community… (source is Stackoverflow annual programming survey).
Paul (Via Manage),
What are the utilities of Chromia and what purpose does the Chromia coin serve?
Serge,
Chromia meta-token called Chroma (CHR). It is used in Chromia to compensate block-producing nodes by fees. In Chromia, fees are paid by dapps, which can in their turn collect fees from users. Chromia provides mechanisms which balance the interests of developers and users. Dapp tokens can be automatically backed with Chroma, providing liquidity and value which is independent of investment into the dapp. Dapp investors can be compensated in Chroma through a profit-sharing contract. For developers, Chromia offers the opportunity to derive income from dapps. This incentivises the creation and maintenance of high quality dapps because better dapps generate more income and create more demand for tokens owned by the developer. The Chromia model is designed to support sustainable circular economies and foster a mutually beneficial relationship between developers, users, and investors.
Idemudia Isaac,
Thank you very much u/henrik_hjelte u/sergelubkin
You stated your plans for 2020 is to release series of dApps. What kind of large scale, mainstream decentralized application and $Chromia products do you think is suitable for the Nigerian environment?
Henrik Hjelte,
Actually, this is why we want to work with partners. We cannot know everything, For African market we have seen of course payments/remittances (but it has fallen out of trend). We would love to do real-estate /land-registration but we understand we need a strong local partner (more than a single person, a real company or organization driving).
●CC● | Elrond 🇵🇭,
What plans do you have to building a vibrant global community around Rell? And how would you go about encouraging/incentivising such ‘Rellists’ around the world to build dApps on Chromia? u/henrik_hjelte u/sergelubkin
Henrik Hjelte,
For developers (I am one too, or used to be) you normally need to prove a few things:
\ That the tech is productive (can I do apps faster?)*
\ That it is better (less bugs, more maintainable?)*
Then the community will come. We see that all the time. Look at web development. React.js came, and developers flooded to it. Not because of marketing on Superbowl, but because it was BETTER. Fewer bugs and easier to do complex webapps.
So, at core: people will come when we showcase the productivity gains, and that is what we need to focus on.
●CC● | Elrond 🇵🇭,
Why do you choose to build Chromia token on ERC20 instead of other blockchain such as BEP2, TRC20…or your own chain while ERC20 platform is very slow and have a case of fee? u/henrik_hjelte u/sergelubkin
Serge,
So far Ethereum has the best infrastructure, it’s the oldest and most reliable network for tokens. It also became the industry standard which exchanges utilize. We will transfer 80% of all erc20 tokens to our Chromia blockchain when it’s ready for that.
Koh,
In your whitepaper it says in the upcoming version of ChromiaWallet that it will be able to function as a Dapp browser for public use. Q) Will it be similar to the Dapp browser on Trust Wallet?
Serge,
It’s live already try it http://vault-testnet.chromia.com/
It’s the wallet and a dapp browser
CHROMIA is SOLID,
Your metamorphosis is a laudable one,surviving different FUD, how have you been able to survive this longest bear market and continue building and developing cos many projects have died out in this time period!
Henrik Hjelte,
You need to know we started a company before ETH existed. There was 0 money in blockchain when we started. I did it becuase it was fun, exciting tech and MAYBE someone would be interested in the thing we made “Tokens”…
We were never in the crazy bull-market, manly observed the crazies from the side. We fundraised for CHR in a dip (they called it bear market). ChromaWay the company also make money from enterprises.
Алекс,
What is SSO?
What makes it important for chromias ecosystem?
Why should we users be attracted to it?’
Serge,
Chromia SSO is perhaps the most important UX improvement that Chromia offers the decentralized world. It revolutionizes the way users interact with dapps. Any dapp requires users to sign transactions, that means they need a private key. Control of the private key is control of any and all dapps or assets associated with it. This means that private keys have an especially stringent set of security requirements in a blockchain context — they control real value, and there is no recourse if they are compromised or lost. https://blog.chromia.com/chromia-sso-the-whys-and-the-whats/
Olufemi Joel,
How do you see the Chromia project developing in 3 to 5 years, both on the commercial level and on the evolution of the company? What are the plans for expansion in different regions? Are you going to outsource the team/skills or keep it centralized and set up offices?
Henrik Hjelte,
I take part of the question. On outsource: we were a distributed team from day one, with co-founders from 3 countries (still living there). We are distributed now, Ukraine, Sweden, Vietnam, Croatia, China are “hubs” then we have individuals too. No big plan, just where we found great developers…
Park Lee, u/henrik_hjelte
You claim CHOROMIA have fast support, useful features with an affordable service cost. That fast and the fees are cheap but can you guarantee stability?
What’s the Algorithms which are used by CHROMIA for that fast? And Can you explain it?
Serge,
We use PBFT protocol with some features of DPOS, this plus sidechains parallelism offers almost unlimited speed and scalability. We also use the feature called anchoring to secure all transactions in batches on Bitcoin blockchain.
Mario Boy,
What are you guys trying to achieve as an end goal? The next Ethereum? Or the next enterprise version of Ethereum? Or something different?
Henrik Hjelte,
The end goal… good question. When we started in 2014 there were no other blockchain companies, so we wanted to do the best blockchain technology in order to enable a decentralized world with more fair applications. And that is what we still do. Technology/software that can enable people to make a fairer world
Erven James Sato,
“STAKING” is one of the STRATEGIES to ATTRACT USERS and ACHIEVE MASS ADOPTION
Does your GREAT PROJECT have plan about Staking?
Serge,
Yes, we announced our staking plans couple of months ago https://blog.chromia.com/on-providers-and-stakes/
We are working with our current partners to make it accessible for general public.
Chizoba,
I often see Chromia and ChromaWay being used interchangeably, what is the relationship between the two?
Henrik Hjelte,
ChromaWay the company started Chromia from code done as postchain. This is normal in open-source development, a company that leads development. But Chromia will be a decentalized network, so ChromaWay will not make direct money out of it more than if we have a role as a Provider (and get payed for hosting). ChromaWay can indirectly make money from optional support and maintenance etc. Also, this, perfectly normal in open-source world.
And it also benefits Chromia that there is a market for support.
A market open for competition.
No special treatment for “ChromaWay”
Enajite,
How to start coding on Chromia?
Henrik Hjelte,
Go to https://rell.chromia.com and follow the tutorial. Enjoy the free time you get compared to other blockchain languages…
●CC● | Elrond 🇵🇭,
Chromia process 500 TPS, these is slow compare to other Blockchains, where we can see now 60K TPS if more capacity require, how can that be? u/henrik_hjelte u/sergelubkin
Serge,
Yes, if you need faster speed you can use parallelism by having multiple blockchains for your dapp. Also, by optimization and better architecture sky is the limit.
Delphino.eth ⟠,
Can we consider Chromia an hybrid? For its mixing of Blockchain and a Database?
Henrik Hjelte,
Yes and no. I want to stress that Chromia is a FULL blockchain. It is not only “inspired”. It is a blockchain AND a database.
I tend to think about Hybrid more in the usecases that you might have as a customer. For example, a bank might want to have some data/transactions private (as a private blockchain) and have another half of the application with public data (on Chromia). So that is a hybrid solution, and Chromia ROCKS in that segment since it is the only blockchain that is complete relational database (what the normal world uses anyway for 85% of all applications)
Example area: “open banking”
Steve bush,
How will Chromia I have any empower Investors, Companies, Developers, Platform Users to
deliver impactful solutions and bring value to people all over the world?
Henrik Hjelte,
In order to make blockchain go big, we need to have users. Users need to be able to use apps with ease. Chromia have features like single-sign on (ease of use), but importantly do not require owning tokens to USE apps.
Also, it needs to be easy to make applications. For example, if you are a student in US and came up with an idea, you want to make an application for your school. Let’s call it “thefacebook”. You code something in PHP and MySQL. DID YOU SEE THAT. SQL. SQL.SQL. It is the same tech that Chromia has but no one else in the blockchain business. SQL rules the world if you look outside the crypto bubble. Google the Oracle head-office… 100% of all enterprises use it… Because it is easy and powerful.
And we even improve on SQL with Rell….
So, compare that with a hacky virtual machine that have a few years…. 😊
August,
“Mines of Dalarnia” is a game that has caught my attention a lot, due to its simplicity and quality. But in the time that I have used it I have not been able to differentiate between the Chromia blockchain of this game and that of the competition? What other games do you have next to develop? I would like to give ideas in those games like a Gamers!
Henrik Hjelte,
We thought about in corona time sports club might want to engage more with their fans digitally. And of course, E-Sports is getting a real momentum as the young generation grows up. Now a bit sad that all games are centralized. My daughter will be sad when (at some day?) they will close down roblox… it happens to all centralized apps eventually… that is what we fix. Power to the Public to control apps and their future. I’ll repost again Alex post. Sorry I like it a lot… https://blog.chromia.com/towards-publicly-hosted-applications/
Bisolar,
Good day Chromia team from a Chromia fan
Can you tell us Chromia’s geographical focus at the moment and the proces it follows for it BUSINESS DEVELOPMENT?
What factors do you consider before identifying NEW MARKETS to enter?
Serge,
Chromia will initially focus on community building in China, Korea, US and Europe. The focus of community growth will gradually expand to other markets as the project gains popularity.
Current community growth strategies of Chromia include:
Chromia blockchain incubator creation to welcome more projects to the Chromia blockchain
Host blockchain gaming conferences, workshops, and meetups to engage with potential users.
Provide online and face-to-face tutorials to engage with dapps developers.
Attract blockchain developers through direct and indirect approach via specialized platforms and communities.
Develop our relations with existing and previous corporate clients, and their partnership networks to participate in their blockchain ventures
Launch Node program to encourage system providers to run nodes on the Chromia blockchain.
Staking program for Chroma (CHR) tokens
Active community engagement via social channels.
Future community growth strategies of Chromia after Mainnet launch include:
Partner with more gaming studios, startups and enterprises
Build local communities with Ambassador Programs.
Partner with external incubator and accelerators to provide blockchain expertise and introduce projects to Chromia ecosystem
Continue organizing hackathons around the world to attract more developers.
Emmanuel,
I want to know the current structure of your roadmap? What is the future roadmap of CHROMIA? Is there any key milestone coming???
Henrik Hjelte,
It is easy to do a roadmap; anyone can make a pape plan. But I think they are used in the wrong way. Software is hard, blockchain is even harder because it NEEDS TO BE SECURE. No MVP releases. We cannot even have roadmap deadlines and skimp on quality. Where we are now though is: Rell language finished so much that developers can write apps and see its magic. We have external devs doing dapps. We have the first phase of mainnet. We have a series of releases coming up. We will release mainnet when it is secure enough, and gradual roll out. I think quite soon, development is going great at the moment, a bit quicker than we though.
Ellkayy,
Why doesn’t Chromia transactions use gas? How do you power transactions then?
Serge,
Main feature of gas in Ethereum is to pay for transactions for miners get rewards. In our scenario Providers get rewards from dapp owners. So dapp owner pays for storing their dapp. It’s like Amazon Web Service model. Then dapp owner can monetize it in its own way.
Ellkayy,
Many developers don’t know RELL, just Solidity and SQL. Is this a barrier or threat to Chromia? Why RELL is better?
Henrik Hjelte,
Very few developers know Solidity. Do a search on github. I referred previously to stackoverflow programming language survey results. https://insights.stackoverflow.com/survey/2019#technology
If you know SQL, you learn Rell in a day.
SQL is the top 3 language here. I’d say there are millions that can easily jump to Rell.
Soldity or other blockchains, not on top 20 list even.
Rell is a hipper, nicer version of SQL that is also a “normal” programming language.
Developers like to learn new things, new languages. Otherwise we would be stuck with PHP, the DOMINANT language. Well, is it still? Seems javascript and react.js and node etc is taking over…
Moh (Binance Angel)🇳🇬,
This brings us to the end of the AMA. It’s been a pleasure being with all of you, THANK YOU. Special shout out to u/sergelubkin and u/henrik_hjelte for honouring us with their presence today❤️
Kindly follow CHROMIA on twitter and join the conversation with their community on Telegram
Twitter: https://twitter.com/Chromia
Telegram: https://t.me/hellochromia
Official Chromia Nigeria Community Channel 🇳🇬 : https://t.me/ChromiaNigeria
Website: www.chromia.com
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Over the past 100 days, Grayscale has bought every third bitcoin

Over the past 100 days, Grayscale has bought every third bitcoin

Over the past 100 days, Grayscale has bought every third bitcoin
The Grayscale Investments cryptocurrency investment fund acquired every third bitcoin mined in the last 100 days. And in April, the fund bought 50% of all ETH mined. At the same time, despite the financial crisis and the fall of the cryptocurrency market in March, shares of Grayscale crypto funds in the first quarter of 2020 attracted record investments, which indicates a growing interest of institutional investors in the crypto industry. Why does the company need so many coins, what is its current position regarding the crypto market and what role does it play on it?

Grayscale Investors Believe in Bitcoin

Grayscale Investments, a subsidiary of Digital Currency Group (DCG), owner of the famous crypto media CoinDesk. The investment fund is the largest institutional holder of bitcoin. The company’s main product is the Grayscale Bitcoin Trust (GBTC), with which accredited investors can earn on bitcoin without actually owning it. Grayscale Bitcoin Trust tracks the price of bitcoin based on the TradeBlock XBX index.
Grayscale accumulates Bitcoin on an impressive scale. Reddit user under the nickname u/parakite noted that the fund added 60,762 BTC ($548.3 million on the day of publication) from February 7 to May 17. This is a third of the total number of bitcoins mined over the past three months.
The user made a table showing how the number of bitcoins in GBTC changed:
https://preview.redd.it/lb4nzuxvg9451.png?width=364&format=png&auto=webp&s=72b699f4b4c15a5b596e4030747c9ca574ee49f0
As you can see, the procurement rate of the MTC fund has been increasing since the end of 2019. GBTC has become more aggressive in its acquisitions since early April before the upcoming halving of the Bitcoin network. About 34% of the 60,762 MTC were purchased 17 days before the reduction in remuneration to the miners.
As of May 17, GBTC under management had a total of 343 954 BTC. This is 21% more than the 283,192 BTC held by the fund 100 days earlier. In value terms, the portfolio grew from $2.77 billion to $3.37 billion.
“Grayscale is just one of many, albeit the largest, ETFs that people use to buy bitcoin, not wanting to mess around with private keys and other problems,” commented u/parakite. — There is a demand for it. The supply is declining. Let’s see where we will be in 100 days.”
88% of Grayscale customers are institutional investors. Most likely, the sharp increase in the pace of the purchase of military-technical cooperation in addition to the last halving is due to the desire of investors to hedge risks during the developing crisis.

GBTC stock price over the past year, according to Yahoo.Finance. The price of shares (shares) of GBTC does not coincide with the price of the MTC, it depends on the mood of investors and can be traded with a premium or a significant discount. Usually it follows bitcoin, but sometimes the trends diverge. So, the difference between the July and current MTC rates is 20–30%, and between the same GBTC shares it is about 70%.

Grayscale also bought half of ETH mined in April

Aggressive Grayscale crypto purchases have recently been spotted with respect to ether. So, by April 24, the company had bought about 756 539 ETNs (accurate data are not publicly available) for its Ethereum Trust fund. This is about 48.4% of all 1.5 million coins mined since the beginning of this year. As a result, the company already owns 1% of all coins in circulation and only increases the pace of purchases. The first user to notice this was Reddit under the nickname u/nootropicat.
According to the latest quarterly report by Grayscale, the flow of investments in ETN reached a record level for the first three months of 2020 — $110 million. This is a very sharp increase, given that total investments in ETN for the previous two years amounted to $95.8 million. The total demand for the Ethereum fund grew over the quarter is almost 2.5 times compared with the fourth quarter of 2019.
From the beginning of the year until the end of April, the company issued 5.23 million shares of the fund at 0.09427052 ETN apiece.
At the same time, shares are traded with a premium of 420% relative to the current price of the coin — $92 against $17.70. That is, investors are willing to pay extra pretty much not to deal with cryptocurrency on their own.
Most likely, the increase in the rate of purchase of the coin is associated with the upcoming upgrade of the network to the state of Ethereum 2.0. It can take place at the end of July, but, most likely, it will happen not earlier than the end of the year. After the upgrade, the network will become more scalable and there will be the possibility of staking — validators will be able to receive passive income for providing their funds to confirm the blocks.
The crypto market, by the way, is also preparing for the transition of the ecosystem to a new stage. ETH has grown 55% since the crash in March, from $110 to $202 on the day of publication. At the end of April, CoinDesk drew attention to the increase in the number of long positions in ETH futures — this indicates expectations for further growth of the coin.

Last quarter — the most successful in the history of the company

In May, Grayscale released a report on the results of the first quarter of this year. “Despite the decline in risky assets this quarter, Grayscale’s assets continue to approach record highs, as does our share of the digital asset market,” the document says. And this despite the coronavirus pandemic, the global recession and the traditional cryptocurrency market volatility.
A record $503.7 million investment was raised in the first quarter. This is almost twice the previous quarterly maximum of $254 million in the third quarter of last year and accounts for 83% of the total capital of $1.07 billion raised for the entire 2019. New investors accounted for $160 million of raised funds. The main products of Grayscale Bitcoin Trust and Grayscale Ethereum Trust raised $388.9 million and $110 million, respectively. It is noteworthy that the company reduced the premium on stocks of funds relative to the price of assets.
88% of investments came from institutional investors, among which hedge funds prevail; 5% — from accredited individuals, 4% — from pension accounts (yes, pension funds are extremely conservative in nature, but also invest in bitcoin against the background of a decrease in the profitability of other assets); 3% came from family offices, and 38% of customers invested in several products at once.
It is noteworthy that two years ago the share of institutional investors was about 50% — it is obvious that they no longer consider bitcoin as something criminal. “Many of our investors see digital assets as medium and long-term investment opportunities and the main component of their investment portfolios. Quarterly inflows doubled to $ 503.7 million, demonstrating that demand is reaching new peak levels even in conditions of “risk reduction”, the document says.

Today, more than 46.5% of the inflow of funds was attracted from multi-strategic investors. Crypto investors accounted for only 11.2% of the inflow, according to the report.
Grayscale currently operates ten cryptocurrency investment products targeted at institutional investors. They cover PTS, ETN, ETS, BCH, ZEC, XRP, LTC, ZEN, XLM. The value of the assets under his management is more than $3.8 billion. GBTC is the most demanded product, most investors invest in it and it takes about 1.7% of the total volume of circulating bitcoins.

Aggregate quarterly flow of funds to different Grayscale products. Pay attention to the growing share of investors diversifying portfolios with products tied to altcoins.
Since January of this year, the Grayscale Bitcoin Trust has been registered with the US Securities and Exchange Commission (SEC). According to it, the company provides quarterly and annual reports in the form of 10-K. The status makes it possible to sell shares of a trust in the secondary market after 6 months, rather than 12, as before, and also increases the confidence of conservative investors. Other products comply with OTCQX reporting standards in the OTC market and are approved by the US Financial Services Regulatory Authority (FINRA) for public offering.

Amount of assets managed by Grayscale as of May 20, 2020.
It is noteworthy that the news about the success of Grayscale comes amid news of how panicky investors in traditional assets are fleeing from market turmoil. So, the largest fund managers — BlackRock, Vanguard and State Street Global Advisors — lost several trillion in capitalization of their assets, and BlackRock in the first quarter for the first time in five years saw a net outflow of funds from its long-term investment products.

Bitcoin is the best asset for hedging portfolios in crisis

At the end of April, Grayscale also released a separate report on the analysis of the impact of regulators during a pandemic and the crisis caused by it and how it affected the bitcoin and cryptocurrency market as a whole.
The document said fiat currencies are at risk of devaluation as central banks print more and more money. Even the US dollar, which is the world’s reserve currency, risks being devalued if the US Federal Reserve continues to print the currency in trillions. A decrease in interest rates to zero and negative values deprives government bonds of the status of “safe haven” during the crisis.
Therefore, investors are trying to diversify their portfolios with alternative instruments. Cryptocurrencies are the best choice for this, according to the authors of the report. The text emphasizes the historical significance of gold as a global standard, but it is noted that in the modern digital world it is becoming increasingly burdensome for investors — it has complex logistics. Bitcoin seems resistant to the problems that other assets face. Therefore, in times of economic uncertainty, the first cryptocurrency is one of the best assets that investors can use to hedge their portfolios. The coin performs better than any other asset, including fiat currencies, government bonds, and traditional commodities like gold. The authors of the report emphasize that Bitcoin has already begun to show signs of becoming a protective asset.
At the same time, the company believes that bitcoin is an excellent asset not only in times of crisis. So, in December 2019, Managing Director of Grayscale Investments Michael Sonnenshine said that the company expects an influx of investments in bitcoin after the transfer of $68 trillion of savings between generations in the next 25 years. Today, this capital is invested in traditional assets, but a significant part of these wealth millennials will invest in cryptocurrencies. Already, according to him, investments in GBTC are among the five most popular among young people, ahead of, for example, investments in Microsoft and Netflix.

Finally

The unprecedented financial measures taken by the US Federal Reserve, as well as the worsening recession, are forcing even the most conservative investors to rethink their current strategies and portfolio composition. Many of them are increasingly beginning to appreciate the fixed emission and non-correlation of Bitcoin — it is becoming a tool for risk diversification. Growing institutional interest is driving the acceleration of coin prices.
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submitted by Smart_Smell to Robopay [link] [comments]

Building Ergo: Storage rent

We’ve designed Ergo with long-term economic sustainability in mind, and storage rent is one of the ways we’re ensuring miners stay profitable well into the future. One community member, Robert, describes this function as ‘on-chain garbage collection’ that reduces the problem of blockchain bloat – and even makes it profitable.
The 2020 block reward reduction will probably be the most important halving Bitcoin ever experiences. This is the point where the narrative of programmatic scarcity and digital gold will truly be proven, in the context of the sharpest economic downturn in living memory. In previous halvings, Bitcoin has still been in its infancy, a niche experiment. Future halvings will confirm the principle. But this one is the watershed.
Looking ahead, though, what happens in 20 or 30 years, when block rewards have fallen so far that miners have to rely on tx fees and potentially other sources of revenue? Will Bitcoin be sustainable? What will be the impact on the ecosystem?
The simple answer is that we don’t know.
Mining rewards are a key feature in maintaining the security of proof-of-work blockchains like Bitcoin and Ergo. And so, while we have deliberately kept many of Bitcoin’s tried and tested features, we have updated this one to give miners a boost when block rewards have fallen to zero.
Lost coins
Digital scarcity is an important feature of Ergo. Like Bitcoin, ERG are designed to be a finite resource and long-term store of value. We do not agree with the principle of infinite inflation.
And yet, this has to be balanced against the needs to pay miners to secure the blockchain and process transactions. Without adequate compensation for miners, there is no viable blockchain at all. Ergo approaches this by slowly recycling lost coins, in a feature we call ‘Storage rent’.
Studies suggest that as many as 4 million BTC may have been lost forever. These are coins that were mined in the early days of Bitcoin and stored on hard drives that were subsequently thrown away or destroyed because the owners forgot about them or thought they were worthless, as well as coins in addresses for which the private keys have been lost. (And, of course, there’s Satoshi’s estimated holdings of 1 million BTC, which may never move.)
Where coins have genuinely been permanently taken out of circulation in this way, it makes sense to have a mechanism to recover them and put them back into the blockchain economy. That way, we can preserve digital scarcity without unnecessarily accelerating it. In other words, by attempting to stick to the intended algorithmic supply for any given point in time.
Ergo’s halving schedule is faster than Bitcoin’s. Block rewards start at 75 ERG, and decrease steadily after the first two years. There is no ‘long tail’ of emission, and after eight years block rewards will fall to zero. After that, total supply will be fixed. The number of ERG in existence will never be more than 97,739,925.
Storage fees
From that point, however, miners will need further incentives to secure the network. Miners have ongoing costs in terms of bandwidth and storage, and in cases where coins are simply left for years, there is typically no charge for reflecting the value of securing them. The tx fee that is paid up-front in Bitcoin is the only charge ever made for storing those coins.
In Ergo, in addition to transaction fees, miners will also be able to collect storage rent fees on UTXOs that have not been moved for four years or more.
Fees will be deducted slowly, over time – the unmoved UTXOs will not simply be appropriated by miners. Anyone who wants to avoid this simply needs to move their balances once every four years, which is not an onerous requirement for helping incentivise miners and avoiding the deflationary consequences of lost coins. You can read more about how fees will be levied in this paper.
In this way, Ergo seeks to ensure a balance between maintaining digital scarcity, on the one hand, and giving miners long-term incentives to secure the blockchain, on the other – long past the point where new coins have ceased to be released.
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Ergoplatform.org
submitted by kushti to ergoplatformorg [link] [comments]

I'm in doubt

Quick background:
I'm into bitcoin since 2015 or so. Got really into it in 2017 and took all my profit in december 2017. Bought myself a car and now am back in since january 2019.
But now i don't really know what to do.
Should i hold? should I take profit now i still have some.
I really lost trust in the world economy and all the corrupt en controlling systems. That's why I believe bitcoin is worth having since it was made for this. In the crisis of 2008 someone made up bitcoin to have an alternative to the regular system. Now with the oil and corona crisis i think bitcoin is mature enough to be a real alternative and safe haven. These are the 'told you so' moments for the bitcoin believers as they see people struggling under the recent events. The global economy is starting to fall apart, it just couldn't go on like this.

On the other hand, what real value does bitcoin have. I can't buy a bread with it. And even if i could, i have a hard time letting my precious bitcoins go because they could be worth more tomorrow. Or not? I have also concerns about the whales. We think bitcoin is some sort of predictable but if some whales transfer big amounts of bitcoin, it has a big effect on the price. About a 1000 people own 40% of all bitcoin... . I don't want to depend on something so fragile. I also read an article about a huge untouched wallet. Maybe the private key is lost, maybe it's a guy in prison... we don't know. All this really scares me.

I'm in constant doubt if i should trust in bitcoin or not. The idea behind it is amazing. F the system, power to the people. On the other hand it is just so fragile due to the people with a lot of power within the bitcoin scene.

Do you guys also have doubts or are you 100% pro. Guess no one in this corner of the internet will be 100% against... Thats also something that bothers me. If you are in doubt about the whole bitcoin thing, you can start reading articles. But this does not help at all because they are often writen by pro or con bitcoin people. You just read the articles you want to believe.
Just wanted to get my thoughts out. I would like to see what you guys think about this.

ps: sorry for bad english
submitted by yorick111 to Bitcoin [link] [comments]

【NeoLine Talk】The life cycle of the private key

【NeoLine Talk】The life cycle of the private key

https://preview.redd.it/yeib74adcoy41.png?width=900&format=png&auto=webp&s=8e50b543a01a25860c7c732c17a1f2da338cd7c6
In the blockchain system, since there is no centralized organization responsible for managing the backup user sensitive data, the generation, storage, use, retrieval, destruction, and update of the user’s private key all need to be guaranteed by the user. Therefore, for the entire life cycle of the private key, there needs to be a strict way to manage and control it, to ensure the security of the asset.
Today ’s NeoLine Talk, let ’s talk about how to ensure the security of the private key life cycle.

Private key generation

Private key: A 256-bit binary random number whose quality depends entirely on the quality of the random number that generated the private key. If the randomness of the key generation process is insufficient to make it predictable, then all subsequent security protection measures will be in vain.
Random numbers are the cornerstone of information security systems based on modern cryptography. The security of the entire system depends entirely on the generation efficiency and quality of random number sequences. The core of high-quality random numbers is “unpredictability”. There are two types of random numbers: pseudo-random and true random.
Pseudo-random is also called pseudo-random. It generally relies on seeds and algorithms. Knowing the seeds or the random numbers that have been generated, you can get the next random numbers, which is predictable. The current mainstream blockchain system is the private key generated by this method …
True random numbers are generally based on the design of the hardware. Random numbers are generated according to the external temperature, voltage, electromagnetic field, environmental noise, etc., and the unpredictability of randomness is greatly increased. All security cryptographic chips in the financial field adopt this design.

Let’s see in detail how to generate a private key from a random number?

The first step in generating a private key is also the most important. It is to find a sufficiently secure source of entropy, that is, a source of randomness. Generating a Bitcoin private key is essentially the same as “choose a number between 1 and 2256”. As long as the selected results are unpredictable or unrepeatable, the specific method of selecting numbers is not important. Bitcoin software uses a random number generator at the bottom of the operating system to generate 256 bits of entropy (randomness). Normally, the operating system random number generator is initialized by an artificial random source, and it may also need to be initialized by shaking the mouse continuously within a few seconds.
More precisely, the private key can be any number between 1 and n-1, where n is a constant (n = 1.158 * 1077, slightly less than 2256) and is defined by the order of the elliptic curve used by Bitcoin. To generate such a private key, we randomly choose a 256-bit number and check whether it is less than n-1. From a programming point of view, it is generally by taking a long string of random bytes from a cryptographically secure random source and using the SHA256 hash algorithm to perform operations, so that a 256-bit number can be easily generated. If the operation result is less than n-1, we have a suitable private key. Otherwise, we repeat it with another random number.

Private key storage

Each bitcoin address corresponds to a private key, and mastering the private key means mastering the bitcoin in its corresponding address. In layman’s terms, a key opens a lock. If the Bitcoin address is a lock, then the private key is the key to the lock.
The storage and use of private keys are generally divided into soft and hard implementations.
Soft implementation, storage, and use are in the form of software. After the key is generated, it is stored in the user terminal or hosted on the server as a file or character string. When used, the private key plain text is read directly or through simple password control into the memory, and the private key calculation is completed by the CPU. This storage and use method has a lot of security risks and is easy to be copied, stolen, brute-forced by hackers or ghosts.
Hard implementation generally relies on a dedicated cryptographic security chip or cryptographic device as a carrier. There are generally mechanisms such as physical protection, sensitive data protection, and key protection to ensure that the private key must be generated by dedicated hardware. At any time and under any circumstances, the private key cannot appear outside the cryptographic device in clear text; the key stored inside the cryptographic device should have an effective key protection mechanism to prevent dissection, detection, and illegal reading. The private key cannot be exported, and only the signature value can be calculated and output.
But whether it is soft or hard, as long as others know your private key, you can transfer your assets. Remember, whoever holds the private key is the real owner of the asset.

Safe use of private keys

When using the private key, it is necessary to ensure the security of the use environment, and access, reading, and writing of the private key file need to have relevant permission control. After the use is completed, all sensitive data cached in the memory needs to be cleared using a dedicated function to prevent the leakage of sensitive data. From the perspective of password cracking, the private key should be replaced after a certain period of use. This is a problem involving the destruction and update of the private key, which we will introduce later.

Private key recovery

If a traditional centralized bank loses its U-shield or forgets its password, it can rebind a new U-shield (private key) through the account system. Accounts and private keys are logically bound and are operated by centralized banks while meeting risk control requirements. There are also some traditional centralized payment institutions. When the user’s asset certificate is lost, the centralized institution can retrieve the relevant data through its identity certificate.
But in the blockchain system, there is no centralized organization to help us back up sensitive data such as private keys. Therefore, when designing the system’s private key management scheme, it is necessary to provide multiple back-ups and recovery methods, such as the use of mnemonic words or the use of passwords plus local ciphertext files to restore private key data. But if your mnemonic is also lost, it means you lost everything.

Private key destruction

When the user needs to destroy the private key data, it is necessary to ensure that all the private key data stored in the backup are completely deleted and destroyed.

Private key update

In the field of blockchain, the private key is the only credential that represents the user’s identity or digital assets. If the private key needs to be updated, registration or digital asset transfer must be re-bound. Therefore, when you need to replace the private key, you need to ensure that the new private key is safely generated or imported, the assets have been safely transferred, and the old private key is safely destroyed.
Everything starts with visibility. The security of the private key is related to the security of digital assets and the security of personal privacy, so it is very important to securely ensure every step of the life cycle of the private key.
submitted by NeoLine_Wallet to NEO [link] [comments]

Building Ergo: Storage rent

We’ve designed Ergo with long-term economic sustainability in mind, and storage rent is one of the ways we’re ensuring miners stay profitable well into the future. One community member, Robert, describes this function as ‘on-chain garbage collection’ that reduces the problem of blockchain bloat – and even makes it profitable.
The 2020 block reward reduction will probably be the most important halving Bitcoin ever experiences. This is the point where the narrative of programmatic scarcity and digital gold will truly be proven, in the context of the sharpest economic downturn in living memory. In previous halvings, Bitcoin has still been in its infancy, a niche experiment. Future halvings will confirm the principle. But this one is the watershed.
Looking ahead, though, what happens in 20 or 30 years, when block rewards have fallen so far that miners have to rely on tx fees and potentially other sources of revenue? Will Bitcoin be sustainable? What will be the impact on the ecosystem?
The simple answer is that we don’t know.
Mining rewards are a key feature in maintaining the security of proof-of-work blockchains like Bitcoin and Ergo. And so, while we have deliberately kept many of Bitcoin’s tried and tested features, we have updated this one to give miners a boost when block rewards have fallen to zero.

Lost coins

Digital scarcity is an important feature of Ergo. Like Bitcoin, ERG are designed to be a finite resource and long-term store of value. We do not agree with the principle of infinite inflation.
And yet, this has to be balanced against the needs to pay miners to secure the blockchain and process transactions. Without adequate compensation for miners, there is no viable blockchain at all. Ergo approaches this by slowly recycling lost coins, in a feature we call ‘Storage rent’.
Studies suggest that as many as 4 million BTC may have been lost forever. These are coins that were mined in the early days of Bitcoin and stored on hard drives that were subsequently thrown away or destroyed because the owners forgot about them or thought they were worthless, as well as coins in addresses for which the private keys have been lost. (And, of course, there’s Satoshi’s estimated holdings of 1 million BTC, which may never move.)
Where coins have genuinely been permanently taken out of circulation in this way, it makes sense to have a mechanism to recover them and put them back into the blockchain economy. That way, we can preserve digital scarcity without unnecessarily accelerating it. In other words, by attempting to stick to the intended algorithmic supply for any given point in time.
Ergo’s halving schedule is faster than Bitcoin’s. Block rewards start at 75 ERG, and decrease steadily after the first two years. There is no ‘long tail’ of emission, and after eight years block rewards will fall to zero. After that, total supply will be fixed. The number of ERG in existence will never be more than 97,739,925.

Storage fees

From that point, however, miners will need further incentives to secure the network. Miners have ongoing costs in terms of bandwidth and storage, and in cases where coins are simply left for years, there is typically no charge for reflecting the value of securing them. The tx fee that is paid up-front in Bitcoin is the only charge ever made for storing those coins.
In Ergo, in addition to transaction fees, miners will also be able to collect storage rent fees on UTXOs that have not been moved for four years or more.
Fees will be deducted slowly, over time – the unmoved UTXOs will not simply be appropriated by miners. Anyone who wants to avoid this simply needs to move their balances once every four years, which is not an onerous requirement for helping incentivise miners and avoiding the deflationary consequences of lost coins. You can read more about how fees will be levied in this paper.
In this way, Ergo seeks to ensure a balance between maintaining digital scarcity, on the one hand, and giving miners long-term incentives to secure the blockchain, on the other – long past the point where new coins have ceased to be released.
submitted by eleanorcwhite to btc [link] [comments]

Building Ergo: Storage rent

We’ve designed Ergo with long-term economic sustainability in mind, and storage rent is one of the ways we’re ensuring miners stay profitable well into the future. One community member, Robert, describes this function as ‘on-chain garbage collection’ that reduces the problem of blockchain bloat – and even makes it profitable.
The 2020 block reward reduction will probably be the most important halving Bitcoin ever experiences. This is the point where the narrative of programmatic scarcity and digital gold will truly be proven, in the context of the sharpest economic downturn in living memory. In previous halvings, Bitcoin has still been in its infancy, a niche experiment. Future halvings will confirm the principle. But this one is the watershed.
Looking ahead, though, what happens in 20 or 30 years, when block rewards have fallen so far that miners have to rely on tx fees and potentially other sources of revenue? Will Bitcoin be sustainable? What will be the impact on the ecosystem?
The simple answer is that we don’t know.
Mining rewards are a key feature in maintaining the security of proof-of-work blockchains like Bitcoin and Ergo. And so, while we have deliberately kept many of Bitcoin’s tried and tested features, we have updated this one to give miners a boost when block rewards have fallen to zero.
Lost coins
Digital scarcity is an important feature of Ergo. Like Bitcoin, ERG are designed to be a finite resource and long-term store of value. We do not agree with the principle of infinite inflation.
And yet, this has to be balanced against the needs to pay miners to secure the blockchain and process transactions. Without adequate compensation for miners, there is no viable blockchain at all. Ergo approaches this by slowly recycling lost coins, in a feature we call ‘Storage rent’.
Studies suggest that as many as 4 million BTC may have been lost forever. These are coins that were mined in the early days of Bitcoin and stored on hard drives that were subsequently thrown away or destroyed because the owners forgot about them or thought they were worthless, as well as coins in addresses for which the private keys have been lost. (And, of course, there’s Satoshi’s estimated holdings of 1 million BTC, which may never move.)
Where coins have genuinely been permanently taken out of circulation in this way, it makes sense to have a mechanism to recover them and put them back into the blockchain economy. That way, we can preserve digital scarcity without unnecessarily accelerating it. In other words, by attempting to stick to the intended algorithmic supply for any given point in time.
Ergo’s halving schedule is faster than Bitcoin’s. Block rewards start at 75 ERG, and decrease steadily after the first two years. There is no ‘long tail’ of emission, and after eight years block rewards will fall to zero. After that, total supply will be fixed. The number of ERG in existence will never be more than 97,739,925.
Storage fees
From that point, however, miners will need further incentives to secure the network. Miners have ongoing costs in terms of bandwidth and storage, and in cases where coins are simply left for years, there is typically no charge for reflecting the value of securing them. The tx fee that is paid up-front in Bitcoin is the only charge ever made for storing those coins.
In Ergo, in addition to transaction fees, miners will also be able to collect storage rent fees on UTXOs that have not been moved for four years or more.
Fees will be deducted slowly, over time – the unmoved UTXOs will not simply be appropriated by miners. Anyone who wants to avoid this simply needs to move their balances once every four years, which is not an onerous requirement for helping incentivise miners and avoiding the deflationary consequences of lost coins. You can read more about how fees will be levied in this paper.
In this way, Ergo seeks to ensure a balance between maintaining digital scarcity, on the one hand, and giving miners long-term incentives to secure the blockchain, on the other – long past the point where new coins have ceased to be released.
submitted by Guilty_Pea to CryptoMarkets [link] [comments]

Today's Pre-Market News [Wednesday, February 12th, 2020]

Good morning traders and investors of the wallstreetbets sub! Welcome to Wednesday. Here is your pre-market news this AM-

Today's Top Headlines for Wednesday, February 12th, 2020

STOCK FUTURES CURRENTLY:

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YESTERDAY'S MARKET MAP:

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TODAY'S MARKET MAP:

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YESTERDAY'S S&P SECTORS:

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TODAY'S S&P SECTORS:

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TODAY'S ECONOMIC CALENDAR:

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THIS WEEK'S ECONOMIC CALENDAR:

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THIS WEEK'S UPCOMING IPO'S:

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THIS WEEK'S EARNINGS CALENDAR:

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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

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EARNINGS RELEASES BEFORE THE OPEN TODAY:

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EARNINGS RELEASES AFTER THE CLOSE TODAY:

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YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:

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YESTERDAY'S INSIDER TRADING FILINGS:

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TODAY'S DIVIDEND CALENDAR:

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THIS MORNING'S MOST ACTIVE TRENDING TICKERS:

  • SHOP
  • TEVA
  • CVS
  • LYFT
  • ROKU
  • BBBY
  • MRNA
  • CYBR

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)
CVS Health (CVS) – The drug store operator beat estimates by 5 cents a share, with quarterly earnings of $1.73 per share. Revenue also beat forecasts and CVS gave a full-year EPS outlook of $7.04 to $7.17, compared to a consensus estimate of $7.15 a share.

STOCK SYMBOL: CVS

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Molson Coors (TAP) – The beer brewer earned $1.02 per share for the fourth quarter, well above the 78 cents a share consensus estimate. Revenue also beat Wall Street projections, despite what Molson Coors calls “significant headwinds and continued volume declines.”

STOCK SYMBOL: TAP

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Teva Pharmaceutical (TEVA) – The world’s largest generic drugmaker beat estimates by a penny a share, with quarterly profit of 62 cents per share. Revenue also topped expectations.

STOCK SYMBOL: TEVA

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Moody’s (MCO) – The credit-rating agency earned $2.00 per share for the fourth quarter, 7 cents a share above estimates. Revenue also came in above analysts’ forecasts. The company’s full-year outlook for 2020 is also largely above consensus. Moody’s said it is benefiting from increased global bond issuance, as well as increasing demand for research from its Moody’s Analytics unit.

STOCK SYMBOL: MCO

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Shopify (SHOP) – The e-commerce platform company earned an adjusted 43 cents per share for its latest quarter, compared to a consensus estimate of 24 cents a share. Revenue also beat forecasts on strong Black Friday and Cyber Monday sales on Shopify’s platform.

STOCK SYMBOL: SHOP

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CyberArk Software (CYBR) – The cybersecurity company beat estimates by 16 cents A share, with quarterly earnings of 97 cents per share. Revenue also came in above consensus. CyberArk said, however, that its full-year adjusted EPS outlook is $2.26-$2.38, below the consensus estimate of $2.79 a share.

STOCK SYMBOL: CYBR

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Lyft (LYFT) – Lyft lost $1.19 per share for the fourth quarter, 20 cents a share less than Wall Street had been expecting. The ride-hailing service’s revenue beat consensus estimates. Lyft also said it is still on track to achieve a key measure of profitability by the end of 2021.

STOCK SYMBOL: LYFT

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Bed Bath & Beyond (BBBY) – The housewares retailer said same-store sales were down a greater-than-expected 5.4% in December and January, amid increased promotional pricing, lower store traffic, and issues with inventory management.

STOCK SYMBOL: BBBY

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Akamai Technologies (AKAM) – Akamai reported adjusted quarterly earnings of $1.23 per share, 10 cents a share above estimates. Akamai’s ’s revenue also beat Street forecasts. Results were driven by strong growth in its cloud security unit, as well as upbeat results for its flagship content delivery platform business.

STOCK SYMBOL: AKAM

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Alphabet (GOOGL) – Alphabet’s Google unit will be in court today, seeking to overturn one of three record European Union antitrust fines. Google had been fined $2.6 billion for allegedly favoring its own price comparison shopping service over those of smaller European competitors.

STOCK SYMBOL: GOOGL

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NCR (NCR) – NCR beat estimates by a penny a share, with quarterly profit of 85 cents per share. The payment processing software and services provider’s revenue was also above Street forecasts.

STOCK SYMBOL: NCR

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Western Union (WU) – Western Union reported quarterly earnings of 38 cents per share, 5 cents a share below estimates. The payment processing company’s revenue also beat forecasts, and Western Union gave an upbeat outlook for 2020. The company announced a 13% increase in its quarterly dividend as well.

STOCK SYMBOL: WU

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Macerich (MAC) – Macerich was downgraded to “underweight” from “neutral” at Piper Sandler, which thinks Simon Property’s (SPG) acquisition of Taubman Centers (TCO) makes an acquisition of the shopping center operator less likely.

STOCK SYMBOL: MAC

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DISCUSS!

What's on everyone's radar for today's trading day ahead here at wallstreetbets?

I hope you all have an excellent trading day ahead today on this Wednesday, February 12th, 2020! :)

submitted by bigbear0083 to wallstreetbets [link] [comments]

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