Bank of Finland Calls Bitcoin a "Fallacy" - Here's Why

Global negative yield bonds hit a new record. Is VCC the new generation of safe-haven asset?

Global negative yield bonds hit a new record. Is VCC the new generation of safe-haven asset?
The monetary policy of global central banks generally turned to mildness, and the scale of negative-yield bonds rose sharply again. Last week, it was reported that the total amount of global negative-yield bonds reached $16 trillion for the first time, with less than 1% of nearly 40% global bond yield. European countries are the biggest contributors to this massive increase in negative yield bonds. About 2.83 trillion euros of euro-zone government bond yields are less than 0.40% of the deposit rate of the European central bank, and almost all the government bonds of Sweden, Germany, Finland and the Netherlands fell into negative yields.
In the wake of market signal, there is no doubt that the risk of a new economic recession is encumbering the global stocks. And the alarm bell of the economic recession in bond markets is prompting investors to rush into safe-haven assets again.

https://preview.redd.it/2cxxy2mkx4j31.jpg?width=640&format=pjpg&auto=webp&s=c967f6fe7005005fd9a32b4ac6845d315b4f0005
Escalating trade disputes in international markets, political tensions in countries such as Italy and Argentina, and disappointing economic data from several countries have fueled demand for safe-haven assets. However, with the easing of monetary policies by major central banks and the rise of cryptocurrency market, gold's status as a safe-haven asset has been eroded. Some investment funds in the gold market have been gradually diverted into the growing cryptocurrency market, with a large number of investors competing to buy cryptocurrency as a safe haven asset.
As the most popular one in recent cryptocurrency market, Cryptozoic VCC public chain. Since its launch, it has maintained a upward trend in the process of global currency market plummeting, which is more risk-averse than USDT, gold and diamonds. The most prominent was the strong and steady rise of the VCC public chain this month, when bitcoin once again fell below $10,000. At press time, the price fluctuates around 0.00029363ETH, setting new records repeatedly, and still maintains strong trend to ready to attack again. The highly stable value performance and high mining income of Cryptozoic VCC public chain promote the formation of more consensus in the public chain system, thus forming a benign cycle of mild appreciation.
In the mixed virtual currency market, there will never be a shortage of higher-yielding projects. But clearly, based on the dynamic flow direction of funds in market, investors are willing to choose the more valuable side. Cryptozoic VCC public chain can ignite the whole blockchain, precisely because it struck the sore spot in investors' hearts.
Cryptozoic VCC public chain solves the misunderstanding and prejudice of the public on blockchain from the perspective of mode: the mode on chain cannot be tampered; support users to come in or go out without locking; adopt TWIN—EX value balance mechanism for recycling, so that VCC forms an inseparable two-way value anchor with ethereum. TWIN-EX price of VCC will go up with the increase of ETH price. When ETH price falls, a large number of users will participate in TWIN-EX, and the growing demand of TWIN-EX causes the rapidly falling percentage, thus increasing the value of VCC.

https://preview.redd.it/1afwiwglx4j31.jpg?width=896&format=pjpg&auto=webp&s=63c78f8f7d70870f61cb7fc749906c96832ce154
In the current investment market environment, price seems to be more important than value, because for many investors, "rising" means making money, and it is safer to keep profits in their own hands.
Therefore, the birth of Cryptozoic VCC public chain gives all investors a brand new opportunity in the context of the continuous decline of the global economic, which is only reserved for the lucky ones with preparation, vision and pattern.
submitted by jieke66 to u/jieke66 [link] [comments]

T3 /Liothyronine sodium/Cytomel [email protected]

T3 /Liothyronine sodium/Cytomel gear@quality-steroid.com
T3 /Liothyronine sodium/Cytomel

Quick Detail
Liothyronine/Cytomel /T3

Synonyms: Liothyronine sodium; Thyroid hormone; Cytomel; T3 sodium salt; L-Tyrosine; Triostat; Tri-Iodo-Tironina; TriIodoTironina

CAS: 55-06-1

EINECS: 200-223-5

Assay: 99% min.

Standard: USP30

MF: C15H11I3NNaO

MW: 672.96

Character: White to beige powder

Policy: Reshipping Policy

Usage: One of the hormones produced by the thyroid gland that is involved in the maintenance of metabolic homeostasis. Also produced in peripheral tissues as the active metabolite of Thyroxine.

Web: www.rawsgear.com
Web: www.rawsgearpharma.com
Email: [[email protected]](mailto:[email protected])
Skype: +8615711952876
Whatsapp +8615711952876

Descriptions
T3 in the body is responsible for regulating the uptake of various nutrients into cells and into the mitochondria of those cells in order to effectively become utilized for the production and consumption of energy.
The mitochondria of every single cell in the body utilizes carbohydrates (primarily), fat, and even protein for the production of an energy source known as ATP (Adenosine Triphosphate). Through the intake of more T3, this production of ATP will increase, leading to an increased rate of energy consumption in the form of fats, carbohydrates, and protein. Hence, this is why the consumption of too much T3 without the use of anabolic steroids can result in muscle loss.

The bodybuilding and athletic world is attracted to the use of T3 as a physique and/or performance enhancing drug because of its capability to distinctly boost the body's metabolism in the effort to metabolize body fat at a greater rate.

T3 is traditionally utilize during cutting, dieting, and/or pre-contest phases of training due to the universal goal of these phases to break down body fat, though in recent years Cytomel has gained some popularity as a useful agent during bulking and mass gaining phases of training (normally in conjunction with anabolic steroids) in order to better efficiently process nutrients and/or to keep body fat levels down during periods of higher caloric intake.
Cytomel (T3) is commonly used with anabolic steroids due to its significant impact on the body's metabolism as a whole. It is very important to understand that T3 is indiscriminate in its metabolism boosting properties - it will increase the metabolism of fats, carbohydrates, and protein all equally.

Therefore, beyond a particular dose of T3, there is an increased risk of muscle loss through increased turnover of protein. Through the use of anabolic steroids and a properly adjusted diet, this muscle loss as a result of T3 can be prevented as a result of the nitrogen-retaining and protein sparing properties of theanabolic steroids.
Cytomel (T3) is also commonly combined with other fat loss agents in order to increase its overall effect, as it does work synergistically with other fat loss agents.
Applications
Cytomel (T3) does speed fat loss. As a guideline, for most 12.5 mcg/day is a conservative "supplement" sort of dosing that seems to have no detectable adverse effect on thyroid function at all. 25 mcg/day is a "supplement" sort of dosing that does have some inhibitory effect. 50 mcg/day is a reasonably conservative bb'ing sort of dose that, of course, is more inhibitory. 75 mcg/day is getting into more of a problem area; 100 mcg/day in many cases leads to loss of muscle size and strength.
These doses are in reference to legit T3 provided in tablets such as Cytomel. Liquid formulations are usually unstable and as a result, the above numbers in many cases won't match up to experiences with liquid products, or for that matter, experience with a liquid product at one time may not match up with experience at a different time, due to the stability problem.
Individuals do vary in this but 100 mcg/day is very often quite weakening and muscle-catabolic. So far as wanting more rapid fat loss than what is achieved with 50 mcg/day, personally I'd look elsewhere than adding more T3.

Dosages of T3
In the first approach, the goal is to achieve an ongoing edge in fat loss or to help maintain a near-personally-ideal body composition. In this approach, T3 dosing is very low, preferably 12.5 mcg/day but in some cases as much as 25 mcg/day. At the lower end of this range, typically thyroid testing will show no detectable suppression even with prolonged use. At the higher end, moderate suppression is sometimes seen, but results are superior to when T3 is not taken, and the suppression reverses rapidly upon discontinuing T3 use.
In the second approach, the goal is to achieve a quite substantial increase in rate of fat loss, at the known cost of inducing thyroid suppression. Most preferably the dosage is about 50 mcg/day, but in some instances can be as high as 75 mcg/day. Such use is preferably not ongoing, but only for a limited period of time such as 8-12 weeks, though there's no exact requirement for timeframe.

Company Brife Introduction
Wuhan Yuancheng Gongchuang Technology Co., Ltd. One of decisions of YUANCHENG GROUP, is a leading Chinese chemical supplier specialized in hormone powder steroids, the company integrate R&D, producing, operating and marketing into an organic whole. We have authority of export and import, and have experience of export for more than 10 years. Yuancheng Group is an integration of manufacturer and exporter of chemical products. Its fixed assets are RMB300 million. Yuancheng headquarter is located in the city of Wuhan, a central city and also a transportation heart in China. The headquarter is near the Wuhan railway station. Yuancheng factory is in Xiaonan District Xiaogan City.

Our advantage
1) Wuhan Yuancheng Gongchuang Technology Co., Ltd is a professional raw powder factory in China for over 10 years, all powders are factory directly supplying.

2) Our products have exported to Germany, Norway, Poland, Finland, Spain, UK, France, Russia, USA, Australia, Japan, Korea and many other countries, over 100kgs each month.

3) Professional team special for package and shipment and staring on tracking code 24hours for customs pass. 100% pass to UK, Norway, Poland, Spain, USA, Canada, Brazil; 98% pass to Germany, Russia, Australia, New Zealand.

4) Most of powders are in stock, Chargeable samples are available, Could be shipped out within 24hours.

5) High quality, good price, fast and safety delivery. Shipment by DHL, TNT, FedEx, HKEMS, UPS, etc.

Packaging And Delivery
1) Shipping by express (FedEx, UPS, DHL, EMS), by air; By ship.

2) Shipment will be arranged within 24 hours after receiving the payment;

3) Pictures of the package will be sent to you then along with the tracking number; Super discreet packaging, to ensure safe delivery, 99% successful delivery rate is ensured. Delivery time: All of the orders will be packed within 24 hours after we get the payment usually it takes about3~5work days for you to get the parcel. Payment method: Bank wire, Western union, Moneygram, Bitcoin.
https://preview.redd.it/7qsyngdgadb31.jpg?width=700&format=pjpg&auto=webp&s=8626fd89ccf1576b94286c17d027006b0b8b1d61
submitted by Flora007 to u/Flora007 [link] [comments]

Cryptocurrency: Is It Still Alive or Dying? Part 2.

Cryptocurrency: Is It Still Alive or Dying? Part 2.
Part 2. Political and Economic Trends in Favor of the Cryptocurrency Market Development

In the first part of the story we showed that the cryptocurrency market crash in 2018 and the beginning of its recovery in 2019 fit well into the general patterns of the financial bubbles’ development, and also repeat pretty well the Bitcoin dynamics of 2014-2016. But besides the analogies with other bubbles, there are a lot of other arguments in favor of the global growth of the market, among which are the political and economic trends of the recent years.

Relaxation of the Political Climate around the Cryptoassets

The entire year of 2017 has witnessed heated discussions as to the legal status of the digital assets. One of the central events of the year was their legalization in Japan in April. Precisely this legalization, according to many, spurred a dramatic growth of the cryptocurrency market in May (especially, altcoins). But the majority of other countries during this period held more skeptical positions.

The U.S. government on several occasions refused to register bitcoin-ETF - exchange-traded funds, the price of shares in which would repeat the price of BTC. The U.S. government also extremely tightened the conditions of the ICO procedure, while some countries, such as China and South Korea - have banned it completely. Certain countries, such as Indonesia and Salvador, have banned cryptocurrencies to the extent of criminal responsibility.

A number of countries, including Russia, have adopted a cautious wait-and-see attitude, regularly promising to impose restrictions of varying severity, but not hurrying to sign it into law.

A turning point on the way to the global recognition of the cryptocurrency was the beginning of trading the Bitcoin futures at the Chicago exchanges (CME) (the world’s largest stock exchange in terms of turnover) and CBOE in December of 2017. That is when the American government admitted openly that cryptocurrencies are now to be reckoned with. With the beginning of this trade, the powerful financial circles of the USA, whose opinion cannot be ignored by the political leadership, became interested in the development of the cryptocurrency market.

Chicago Mercantile Exchange, CME – the world leader in terms of trade volume

In 2018, the following paradox became obvious: even if over the longer term cryptocurrencies are dangerous for the modern political system (tied up in the central banks and the currency exchange regulation), the countries that will be the first to prohibit them will be most affected along with those countries that will simply overdo stirring up negative attitude. Those countries that will settle on legalization will benefit. The drain of brains and capitals will be directed to these countries from the more repressive or unpredictable countries. A typical example of that - Crypto Project GRAM of the Russian businessman Pavel Durov, whose ICO in 2018 reached a record amount, but it was carried out in USA, and not in the legislatively uncertain Russian Federation.

The experience of the countries that have legalized the cryptocurrencies, proved successful both from the financial standpoint, and from the perspective of the international prestige. They proved themselves to be open to the progress and new freedoms. In addition to Japan, Switzerland is especially noteworthy here, because it legalized cryptocurrencies as early as in 2016, but the most brilliantly announced about itself in 2018, when its banks began to introduce cryptocurrency services one after another. Among the innovator banks there was even a Swiss subsidiary of the Russian Savings Bank (Sberbank). The very expression “Swiss bank” became a synonym of not only high reliability, but also innovation.
A milestone event of 2018 was legalization of cryptocurrencies in Germany – the leading economy of the European Union. Rather liberal measures relative to the cryptocurrencies are being applied today in Czechia, Sweden, Canada, Denmark, Australia, Estonia, Norway, Finland, and a number of other countries.

“Legalization parade” has shown: the politicians with repressive attitudes cannot count on the global ban of the cryptocurrencies (which seemed theoretically possible in 2016-2017). Economically developed countries made an obvious choice: “if you cannot stop the process – become its leader”. And precisely in these countries the maximum capitals are being circulated, and the market situation depends precisely on their business activity.

Explosive Growth of the Retail Use of Cryptocurrencies
Despite obvious popularization of cryptocurrencies, there is still a myth that they are purely investment and speculative instrument, which, even if used as a payment method – only in the dark net, and as a means of payment for illegal commodities. But this is not the case today. As far back as 2013-2015, legal services accepting bitcoin emerged, and in 2016-2018 their market has undergone explosive growth.

The pioneers of the cryptocurrency market of goods and services in 2013, were, for example, Virgin Galactic – space tourism company, Victoria’s Secret lingerie company, Shopify - a supplier of software for the online stores. In 2014, the cryptocurrency was adopted by the Overstock online store, Expedia tourism service, Zynga – operator of the online games, the software monster Microsoft and many others. Some of these companies considerably went up due to the innovations: for example, the shares of Shopify and Overstock have increased in price several-fold since then.

As of today, the cryptocurrency is accepted by hundreds of large companies and thousands of small ones, while the range of their products is approaching the one in a traditional economy. The most popular categories of the goods for the cryptocurrency in the large famous companies are tourism and air tickets (Expedia), software and games (Microsoft, Shopify, Zynga, Steam), clothing and other consumer goods (Victoria’s Secret, Overstock.com, Rakuten), as well as food products (Subway, KFC, Burger King – in Russia). As an example, Playboy erotic products, premium accounts of the 4chan.org and reddit.com forums, Bloomberg.com business news, automobiles in the Czech show room Alza and many other goods can be also purchased for cryptocurrency.

A number of well-known companies, although they prefer traditional payments, nevertheless allow crypto payments through the intermediary services, such as gyft.com (trading with the card Gyft for BTC). For example, Ebay online store, Wallmart supermarket chain, Starbucks restaurants, Uber taxi service, etc. The turnover of gyft.com is evaluated in the amount of 25 million dollars with only 38 employees.
Small start-up companies often use ready-made multicurrency gateways such as coinpayments.net. It supports dozens of currencies, and hosts about 400 companies. In addition to mainstream, it contains a lot of specialized commodities. For example, crypto-armory.com sells cartridges, francvila.com – Swiss watches, directvoltage.com - 3D-printers, electric motors, CNC machines, etc. Some new stores not only accept cryptocurrencies, but also purposely give up fiat currency. For example, crypto-armory.com, explaining their refusal from fiat currency, state both ideological, and narrow pragmatic reasons. In the opinion of the owners of the store, it is easier to accept cryptocurrency payments both technically and legally.

Cartridges from the cryptocurrency store crypto-armory.com
An important trend of 2017-2018, in addition to the general growth of the commodity market - re-orientation of the stores to the multi-currency payments. Whereas previously most of them accepted only BTC, now a sign of good manners is to accept also LTC, ETH, XMR and at least several more currencies.

Thus, while the politicians were solving the problem in the manner “not possible to allow - disallow”, a vast market of commodities for cryptocurrency spontaneously emerged on the Internet. Some of its participants have multibillion capitalizations. This market is very international. The majority of commodities and services can be bought even from Russia and other countries, where cryptocurrency is not legal as an internal payment instrument, but is not prohibited as such. Today, it is hard to imagine a consumer good, which cannot be bought for cryptocurrency.

The Latest Trend – Support of Cryptocurrencies by Smartphones

The first smartphone with a cryptocurrency wallet was HYPERLINK "https://bitcryptonews.ru/blogs/sravnenie-blokchejn-smartfonov-exodus-1-i-finney"HTC Exodus 1, released in the autumn of 2018. Then, a crypto smartphone HYPERLINK emerged "https://bitcryptonews.ru/blogs/obzor-kriptosmartfona-finney"Finney. And in March of 2019, the baton was unexpectedly picked up by the smartphone from the major South Korean company, Samsung - Galaxy S10. And although Samsung refrained from the direct embedding of the cryptocurrency wallet into the standard supply set, a brand wallet of Samsung can be installed from the Galaxy Store.

Galaxy S10 – the first smartphone from Samsung with cryptocurrency support

On the part of crypto enthusiasts, there are a number of claims to Samsung initiative, among which – the lack of bitcoin support (BTC). At the moment, Samsung Blockchain Wallet supports only Ethereum (ETH) and ERC-20 standard currencies and tokens created on its basis:
Basic Attention Token (BAT), Chainlink (LINK), BinanceCoin (BNB), True USD (TUSD), USD Coin (USDC), Paxos Standard (PAX) and others.

Anyway, from a political and PR perspective, the emergence of Galaxy S10 is a great event.

First of all, smartphone can attract to the cryptocurrency market new people who have greater confidence in the famous brand, than in the traditional bulky cryptocurrency wallets. Now, many people are frightened away from the cryptocurrencies only by technical difficulties, whereas smartphones on many occasions have proved their ability to promote to the masses those things, which previously seemed to be very complex.
Secondly, this step of Samsung is a clear signal both to the domestic and foreign governments: big business is on the side of the new technologies. South Korea has a reputation of a country not very friendly to cryptocurrencies, however, its business giant publicly demonstrated another attitude.
Thirdly, the initiative of Samsung with a high degree of probability will be emulated by other leading producers of communication devices. Thus, shortly after the release of Galaxy S10, there appeared a news that a cryptocurrency wallet will soon be available in iOS Opera Touch, which means that cryptocurrencies can be also stored in iPhone of Apple.
All this creates excellent prerequisites both for the world legalization of the cryptocurrencies, and for the growth of the market due to the increase of the number of users.

Conclusion
Thus, despite the “roller coaster” of the cryptocurrency exchange rates, some fundamental processes have developed steadily in the same direction in the recent years: expansion of the commodity market for cryptocurrency, increase in the number of countries with a liberal attitude to cryptocurrencies, adoption of cryptocurrencies as a strategic technology by more and more industrial giants. The total number of individuals who tried to work with the cryptocurrencies grows steadily, while the new technological trends (in particular, crypto smartphones), can additionally accelerate this growth.

The only thing that can seriously damage a cryptocurrency market is its global ban, but it seems to be unlikely. Right now there are about 40 million bitcoin wallets on earth. It is believed that on average their number is doubled annually, which means that within 5 years it can reach a billion. And if now a global ban on cryptocurrencies is unrealistic due to their profitability for the developed countries, by that time their prohibition will become impossible almost physically.

In the first part of the story we had put forward the arguments as to why the investors need not fear the bubble of 2017-2018: in the end, the bubble showed not so much the riskiness of the crypto investments, but rather their long-term prospects. Today we described political and economic events, which have occurred in parallel “behind the scenes”, and in which there were no “drops” – only progressive development toward the construction of the crypto economy. And in the next, third part, we will try to describe in detail specific financial reasons of the collapse and recovery of the market in 2018-2019.

Analytical department, Trident company, Victor Argonov, Candidate of Physical and Mathematical Sciences.
Source:http://trident-germes.com/
https://www.facebook.com/Germes.mining.robot/
submitted by TridentGermes to u/TridentGermes [link] [comments]

Cryptocurrency: Is It Still Alive or Dying? Part 2

Cryptocurrency: Is It Still Alive or Dying? Part 2
Cryptocurrency: Is It Still Alive or Dying?
Part 2. Political and Economic Trends in Favor of the Cryptocurrency Market Development

In the first part of the story we showed that the cryptocurrency market crash in 2018 and the beginning of its recovery in 2019 fit well into the general patterns of the financial bubbles’ development, and also repeat pretty well the Bitcoin dynamics of 2014-2016. But besides the analogies with other bubbles, there are a lot of other arguments in favor of the global growth of the market, among which are the political and economic trends of the recent years.

Relaxation of the Political Climate around the Cryptoassets

The entire year of 2017 has witnessed heated discussions as to the legal status of the digital assets. One of the central events of the year was their legalization in Japan in April. Precisely this legalization, according to many, spurred a dramatic growth of the cryptocurrency market in May (especially, altcoins). But the majority of other countries during this period held more skeptical positions.

The U.S. government on several occasions refused to register bitcoin-ETF - exchange-traded funds, the price of shares in which would repeat the price of BTC. The U.S. government also extremely tightened the conditions of the ICO procedure, while some countries, such as China and South Korea - have banned it completely. Certain countries, such as Indonesia and Salvador, have banned cryptocurrencies to the extent of criminal responsibility.

A number of countries, including Russia, have adopted a cautious wait-and-see attitude, regularly promising to impose restrictions of varying severity, but not hurrying to sign it into law.

A turning point on the way to the global recognition of the cryptocurrency was the beginning of trading the Bitcoin futures at the Chicago exchanges (CME) (the world’s largest stock exchange in terms of turnover) and CBOE in December of 2017. That is when the American government admitted openly that cryptocurrencies are now to be reckoned with. With the beginning of this trade, the powerful financial circles of the USA, whose opinion cannot be ignored by the political leadership, became interested in the development of the cryptocurrency market.
Chicago Mercantile Exchange, CME – the world leader in terms of trade volume

In 2018, the following paradox became obvious: even if over the longer term cryptocurrencies are dangerous for the modern political system (tied up in the central banks and the currency exchange regulation), the countries that will be the first to prohibit them will be most affected along with those countries that will simply overdo stirring up negative attitude. Those countries that will settle on legalization will benefit. The drain of brains and capitals will be directed to these countries from the more repressive or unpredictable countries. A typical example of that - Crypto Project GRAM of the Russian businessman Pavel Durov, whose ICO in 2018 reached a record amount, but it was carried out in USA, and not in the legislatively uncertain Russian Federation.

The experience of the countries that have legalized the cryptocurrencies, proved successful both from the financial standpoint, and from the perspective of the international prestige. They proved themselves to be open to the progress and new freedoms. In addition to Japan, Switzerland is especially noteworthy here, because it legalized cryptocurrencies as early as in 2016, but the most brilliantly announced about itself in 2018, when its banks began to introduce cryptocurrency services one after another. Among the innovator banks there was even a Swiss subsidiary of the Russian Savings Bank (Sberbank). The very expression “Swiss bank” became a synonym of not only high reliability, but also innovation.

A milestone event of 2018 was legalization of cryptocurrencies in Germany – the leading economy of the European Union. Rather liberal measures relative to the cryptocurrencies are being applied today in Czechia, Sweden, Canada, Denmark, Australia, Estonia, Norway, Finland, and a number of other countries.

“Legalization parade” has shown: the politicians with repressive attitudes cannot count on the global ban of the cryptocurrencies (which seemed theoretically possible in 2016-2017). Economically developed countries made an obvious choice: “if you cannot stop the process – become its leader”. And precisely in these countries the maximum capitals are being circulated, and the market situation depends precisely on their business activity.

Explosive Growth of the Retail Use of Cryptocurrencies

Despite obvious popularization of cryptocurrencies, there is still a myth that they are purely investment and speculative instrument, which, even if used as a payment method – only in the dark net, and as a means of payment for illegal commodities. But this is not the case today. As far back as 2013-2015, legal services accepting bitcoin emerged, and in 2016-2018 their market has undergone explosive growth.

The pioneers of the cryptocurrency market of goods and services in 2013, were, for example, Virgin Galactic – space tourism company, Victoria’s Secret lingerie company, Shopify - a supplier of software for the online stores. In 2014, the cryptocurrency was adopted by the Overstock online store, Expedia tourism service, Zynga – operator of the online games, the software monster Microsoft and many others. Some of these companies considerably went up due to the innovations: for example, the shares of Shopify and Overstock have increased in price several-fold since then.

As of today, the cryptocurrency is accepted by hundreds of large companies and thousands of small ones, while the range of their products is approaching the one in a traditional economy. The most popular categories of the goods for the cryptocurrency in the large famous companies are tourism and air tickets (Expedia), software and games (Microsoft, Shopify, Zynga, Steam), clothing and other consumer goods (Victoria’s Secret, Overstock.com, Rakuten), as well as food products (Subway, KFC, Burger King – in Russia). As an example, Playboy erotic products, premium accounts of the 4chan.org and reddit.com forums, Bloomberg.com business news, automobiles in the Czech show room Alza and many other goods can be also purchased for cryptocurrency.

A number of well-known companies, although they prefer traditional payments, nevertheless allow crypto payments through the intermediary services, such as gyft.com (trading with the card Gyft for BTC). For example, Ebay online store, Wallmart supermarket chain, Starbucks restaurants, Uber taxi service, etc. The turnover of gyft.com is evaluated in the amount of 25 million dollars with only 38 employees.
Small start-up companies often use ready-made multicurrency gateways such as coinpayments.net. It supports dozens of currencies, and hosts about 400 companies. In addition to mainstream, it contains a lot of specialized commodities. For example, crypto-armory.com sells cartridges, francvila.com – Swiss watches, directvoltage.com - 3D-printers, electric motors, CNC machines, etc. Some new stores not only accept cryptocurrencies, but also purposely give up fiat currency. For example, crypto-armory.com, explaining their refusal from fiat currency, state both ideological, and narrow pragmatic reasons. In the opinion of the owners of the store, it is easier to accept cryptocurrency payments both technically and legally.

Cartridges from the cryptocurrency store crypto-armory.com
An important trend of 2017-2018, in addition to the general growth of the commodity market - re-orientation of the stores to the multi-currency payments. Whereas previously most of them accepted only BTC, now a sign of good manners is to accept also LTC, ETH, XMR and at least several more currencies.

Thus, while the politicians were solving the problem in the manner “not possible to allow - disallow”, a vast market of commodities for cryptocurrency spontaneously emerged on the Internet. Some of its participants have multibillion capitalizations. This market is very international. The majority of commodities and services can be bought even from Russia and other countries, where cryptocurrency is not legal as an internal payment instrument, but is not prohibited as such. Today, it is hard to imagine a consumer good, which cannot be bought for cryptocurrency.

The Latest Trend – Support of Cryptocurrencies by Smartphones

The first smartphone with a cryptocurrency wallet was HYPERLINK "https://bitcryptonews.ru/blogs/sravnenie-blokchejn-smartfonov-exodus-1-i-finney"HTC Exodus 1, released in the autumn of 2018. Then, a crypto smartphone HYPERLINK emerged "https://bitcryptonews.ru/blogs/obzor-kriptosmartfona-finney"Finney. And in March of 2019, the baton was unexpectedly picked up by the smartphone from the major South Korean company, Samsung - Galaxy S10. And although Samsung refrained from the direct embedding of the cryptocurrency wallet into the standard supply set, a brand wallet of Samsung can be installed from the Galaxy Store.

https://preview.redd.it/p8zc6dat0ay21.jpg?width=1280&format=pjpg&auto=webp&s=d7f173f7470107c2f4cc5868ed882089499b2a09
Galaxy S10 – the first smartphone from Samsung with cryptocurrency support
On the part of crypto enthusiasts, there are a number of claims to Samsung initiative, among which – the lack of bitcoin support (BTC). At the moment, Samsung Blockchain Wallet supports only Ethereum (ETH) and ERC-20 standard currencies and tokens created on its basis:
Basic Attention Token (BAT), Chainlink (LINK), BinanceCoin (BNB), True USD (TUSD), USD Coin (USDC), Paxos Standard (PAX) and others.

Anyway, from a political and PR perspective, the emergence of Galaxy S10 is a great event.

First of all, smartphone can attract to the cryptocurrency market new people who have greater confidence in the famous brand, than in the traditional bulky cryptocurrency wallets. Now, many people are frightened away from the cryptocurrencies only by technical difficulties, whereas smartphones on many occasions have proved their ability to promote to the masses those things, which previously seemed to be very complex.

Secondly, this step of Samsung is a clear signal both to the domestic and foreign governments: big business is on the side of the new technologies. South Korea has a reputation of a country not very friendly to cryptocurrencies, however, its business giant publicly demonstrated another attitude.

Thirdly, the initiative of Samsung with a high degree of probability will be emulated by other leading producers of communication devices. Thus, shortly after the release of Galaxy S10, there appeared a news that a cryptocurrency wallet will soon be available in iOS Opera Touch, which means that cryptocurrencies can be also stored in iPhone of Apple.

All this creates excellent prerequisites both for the world legalization of the cryptocurrencies, and for the growth of the market due to the increase of the number of users.

Conclusion

Thus, despite the “roller coaster” of the cryptocurrency exchange rates, some fundamental processes have developed steadily in the same direction in the recent years: expansion of the commodity market for cryptocurrency, increase in the number of countries with a liberal attitude to cryptocurrencies, adoption of cryptocurrencies as a strategic technology by more and more industrial giants. The total number of individuals who tried to work with the cryptocurrencies grows steadily, while the new technological trends (in particular, crypto smartphones), can additionally accelerate this growth.

The only thing that can seriously damage a cryptocurrency market is its global ban, but it seems to be unlikely. Right now there are about 40 million bitcoin wallets on earth. It is believed that on average their number is doubled annually, which means that within 5 years it can reach a billion. And if now a global ban on cryptocurrencies is unrealistic due to their profitability for the developed countries, by that time their prohibition will become impossible almost physically.

In the first part of the story we had put forward the arguments as to why the investors need not fear the bubble of 2017-2018: in the end, the bubble showed not so much the riskiness of the crypto investments, but rather their long-term prospects. Today we described political and economic events, which have occurred in parallel “behind the scenes”, and in which there were no “drops” – only progressive development toward the construction of the crypto economy. And in the next, third part, we will try to describe in detail specific financial reasons of the collapse and recovery of the market in 2018-2019.

Analytical department, Trident company, Victor Argonov, Candidate of Physical and Mathematical Sciences.
Source:http://trident-germes.com/
https://www.facebook.com/Germes.mining.robot/
submitted by TridentGermes to ENG [link] [comments]

Binance Jersey: Everything You Need To Know

Sign-up for Binance Jersey Fiat Exchange
At this time, the digital currency exchange market is filled with a wide variety of choices, therefore choosing the right exchange or trading platform can be quite a headache for both novice and veteran cryptocurrency users.
Binance is a popular cryptocurrency exchange which was started in China but recently moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. While the company is still fairly new on the market ( it launched last year ), it has managed to gain a lot of popularity thanks to its impressive number of Initial Coin Offering listings, professional attitude and friendly CEO and also due to its low trading fees.
Binance Website
In our review, we will attempt to outline everything that you must know about Binance, including how it works, the crypto pairs that you can exchange, trading fees/limits, security aspects, and customer support.
Visit Binance »
How the Exchange Works Contents [Show]
Those who visit Binance for the first time will quickly notice that the platform offers two options for digital currency trading- basic and advanced. Neither the basic, nor the advanced versions are bound to be easy to use for complete beginners. However, anyone with a background in digital currencies and with a bit of knowledge into how exchanges work should be able to use the platform and its different services.
The main difference between the basic and the advanced version is that the advanced one offers more-in-depth technical analysis of digital currency value over time. At this time, the dashboard for the basic version offers several graphs and charts for the pairs that you’re trading, order books, and trade history.
3Commas This is what the basic view looks like :
Binance Trading View
The Basic view is nicely designed and well laid out, all the information you need is clearly presented with prices on the left, graphs in the center along with the buy and sell boxes and the trade history is presented on the right so you can quickly see what the latest trade prices were.
And this is what the advanced view looks like:
Advanced View
The advanced view uses a dark theme and makes the trading charts larger and the latest trade prices are displayed on the right with the buy sell boxes underneath.
Which you choose is a matter of preference really, I like the lighter colored basic view and find the layout a little easier to use.
Binance Signup & Login To use the exchange, users will first have to create an account. The process behind this is fairly simple and straight-forward and you don’t have to verify your account for level 1 which is a 2BTC daily withdrawal limit. For level 2 which allows up to 100BTC per day, you need to upload a photo ID and wait till you are approved. There are higher limits still, but you will need to contact them directly to arrange that.
Time for verification can vary depending on how busy the site support staff are, so make sure to plan ahead if you wish to withdraw larger amounts and make sure this step is complete before depositing and trading large sums on the exchange.
ID Verification
Now, that this is out of the way, users can go ahead and fund their Binance account. While you can choose from a multitude of digital currencies, it is recommended that you stick with either BTC or ETH.
To fund your account visit the “Funds” > “Deposits / Withdrawals” link at the top of the site and find the currency you wish to send, then click the “Deposit” button next to it which will then you give you the wallet address. You can then send your funds to this address to begin trading on the platform, depending on which currency you deposit it will take different times to show up as this is reliant on that currencies blockchain. Some currencies like Ethereum are faster than Bitcoin which can take a while.
Binance Wallets
Now that your account is funded, you can simply start trading, exchanging and investing in various digital currency pairs. Binance offers plenty of choices, as they support all major digital currencies, but also numerous ICO listings and their respective tokens.
At this time, the platform can only be used to generate limit and market orders. This has been considered a disadvantage by some, as many expected trading options that would be more advanced. Following the placement of your order, simply wait for it to be fulfilled according to the terms that have been set.
How to Trade on Binance Trading on Binance is fairly straight-forward if you have used any other cryptocurrency exchange before. To get started, make sure you have deposited some funds – there are options for trading pairs in BTC, ETH, BNB and USDT. Once you have your funds, at the top right menu, select “Exchange” > “Basic” or “Advanced” to load the trading screen. We will be using the Basic view.
Binance Trading View
On the right hand side, of the screen select a tab from BTC, ETH, BNB or USDT this is what you will be trading in. Then choose your desired currency from the list. You can also search here and you can create a favorites list by clicking the star next to any currencies.
Choose currency to buy
Once your desired currency has loaded, take note of the left-hand column which shows prices that people are willing to sell at in the top half in red and prices people are willing to buy at in green in the bottom half. The number in the middle shows the last sale price.
Buy and Sell Prices
Now to place a buy order, use the center box underneath the graphs and you will see the buy box is in green on the right. You can manually enter a price you wish to purchase at, but a better way is to click a number on the left-hand column. You can then enter the amount of the currency you wish to buy or click the 25%, 50%, 75% or 100% buttons which will fill it with an amount based on how much of the buying currency you have ( in this case BTC ).
Buy Order
Once your order is placed it will be show underneath in the “Open Orders” section until it is filled. At that point your new currency will be available under the “Deposits / Withdrawals” menu where you can withdraw it to the wallet of your choice.
Supported Crypto Currencies Binance has often been praised for its wide variety of support coins. Traders can use the platform for multiple digital currencies, including, but not limited to Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, EOS, Dash, LiteCoin, NEO, GAS, Zcash, Dash, Ripple and more. As mentioned before, Binance also supports numerous tokens, as part of ICO listings. With this in mind, traders can use the platform to trade these tokens for a profit as well.
Binance is currently very quick to add new coins and tokens after their ICO which usually means you can purchase them cheaply which allows for greater profit down the road.
They currently offer trading pairs in BTC, BNB, ETH and USDT.
Binance Markets
Binance ICO & BNB Coin Another thing to note is the Binance Coin, which was issued during their own ICO. The Binance coin can be used to pay fees and it will also feature in their future plans to create a Decentralized Exchange where it will form one of the key base currencies. Purchasing the Binance coin itself looks like a good investment for the future as the exchange plans to use their profits to buy back a portion of the coins every quarter and destroy them: hence decreasing the supply and making them more valuable for holders.
Every quarter, we will use 20% of our profits to buy back BNB and destroy them, until we buy 50% of all the BNB (100MM) back. All buy-back transactions will be announced on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining.
Binance BNB Coin
If you’d like to read more about the BNB Coin, check out our indepth guide.
Binance Fees & Limits At the time of writing, Binance charges an average fee of 0.1% on each trade that a user makes. Those who choose to pay via the Binance token can get a 50% discount on the trading fee, which is absolutely great news. These are surely some of the lowest fees available at this time.
Withdrawal fees tend to vary for each digital currency. For instance, 0.0005 is charged for Bitcoin withdrawals, and 0.005 is charged for ETH withdrawals. Here are some examples to give you an idea of the fees you will be paying for withdrawals:
COIN CODE Fee Unit Binance Coin BNB 1 BNB Bitcoin BTC 0.001 BTC Ethereum ETH 0.01 ETH Litcoin LTC 0.01 LTC Neo NEO Free NEO Qtum QTUM 0.01 QTUM Status SNT 10 SNT Bancor BNT 1.2 BNT Eos EOS 0.7 EOS Bitcoin Cash BCC 0.0005 BCC Gas GAS Free GAS USDT USDT 50 USDT When it comes down to transfer limits, there is no limit on the number of coins that you can deposit. However, without getting verified, users are limited in terms of how much they can withdraw. Verification will establish you as a level two users, thus lifting these limits and providing a lot more freedom when using the platform. The verification process requires users to provide Binance with their full name, country, gender, a photo of passport/government-issued ID, and even a selfie with the passport.
Binance Competitions A unique feature of Binance you will notice is that they regularly hold competitions with some amazing prizes. Some examples of competitions in the past include Waves and Tron. The waves competition gave away 20,000 Waves to Traders based on how many trades they have made of this currency.
The other competition for Tron (TRX) gave participants the chance to win a Maserati car, Mercedes Benz car, a Macbook Pro or a iPhone X. Again, the winners were the people with the highest trading volume of this currency.
The current rankings show that the person in first place had over 358 BTC volume in trades so you will need to be a whale to be in with a chance of winning first prize. There are other regular competitions though, so keep an eye on the site for your chance to enter.
Is Binance Safe? While Binance is one of the newest cryptocurrency exchanges available on the market, it has quickly managed to attain a high level of trust from its users and the digital currency community. However, the exchange fails to provide users with enough information on how the funds are being secured, yet we like to believe that security is taken seriously. Two-factor authentication is available and is always a nice sight. It is however known that the platform offers a multi-tier and multi-tier system architecture.
Update: In March 2018 Binance suffered a hacking attempt.
The hackers tried to pull off an audacious move which was luckily caught by the automated systems in place at the exchange. For months the hackers had been accumulating people’s logins via a phishing website and secretly installing API access on the affected accounts. They then struck, converting all the victims altcoins to BTC and purchasing Viacoin, pumping the coin to a huge price and then selling their own supply of Viacoin at the high point, before trying to withdraw the BTC to their own wallets. Luckily no one lost funds as the hack was caught and the only people to lose out were the hackers, whose funds will be donated to charity.
As this hack was made possible by people entering their site logins and 2FA details into a fake website, you should always make sure you are on the correct Binance url before logging in. We recommend you bookmark the site and only use that to access it, never click links from emails, Twitter, Telegram etc.
This event has done a lot to instill confidence around Binance, not only did their automated processes catch the attempted hack before anyone lost any funds, they have since offered a $250,000 bounty to anyone who can help catch the hackers. Throughout this event, Binance acted exemplary and have been praised for their swift action in resolving this.
Binance Customer Support For an exchange to be successful, it requires a great customer support team, capable of answering all user questions and requests in a timely manner. While the support area on Binance could use a little work, the team is responsive and capable of offering professional aid to traders in need. Support tickets are submitted via an online form featured on the website, and responses are made via email. There is currently no live chat support, nor a phone number where customers can get in touch with the support team.
Binance Customer Support
Other than the CS team, Binance offers a couple of FAQs and articles meant to help users get accustomed to the exchange and the way it works.
Binance FAQs
It should be noted that customer support on Binance has been known to be slow to respond to customer requests. This is a familiar phenomenon with most of large exchanges and is due simply to the volume of users and amount of support staff. The exchanges have grown at an explosive rate this past year and the companies simply haven’t been able to keep up with demand. Binance grew fast especially, going from launch to the largest exchange on the planet in a few short months. Support staff for exchanges have to be carefully vetted and trained due to the technicalities and security requirements involved – unlike other traditional companies where staff can be trained quicker.
Some things to bare in mind are double-checking wallet addresses, make sure you are sending the correct cryptocurrency to it’s corresponding address on the site. Mixups with wallets are one of the biggest mistakes people make when using exchanges. Other things to note are, try a smaller test payment first if you plan to transfer large sums – it may cost you a little more in fees but will be worth it for peace of mind.
If you do need to contact support, make sure you provide them with enough information to be able to help you first time. Include wallet addresses, times of transactions and any other information you think they might need to help speed up the process.
The Move to Malta In March 2018, Japanese Newspaper Nikkei reported that Binance was trading in Japan and not following their official regulations. This caused some turbulence in the markets until Binance made an official announcement that they were going to be moving operations to the crypto-friendly island of Malta in Europe, stating :
After reviewing several different locations, the company decided to invest in the European nation due to its existing pro-blockchain legislation and the stability that it offers financial technology companies through its regulatory framework.
This is good news for the company and they even received a warm welcome from the Prime Minister of Malta on Twitter. Binance also announced that they were in talks with Maltese banks with the goal of providing Fiat transactions, meaning they can offer an on-ramp for fiat to crypto transactions in future along with fiat trading pairs on the exchange.
More good news for Binance, it seems as their profile and reputation within the industry continues to grow.
Launching a Decentralized Exchange More recent news for Binance and what seems like good news BNB holders is the fact that they are planning to launch their own Decentralized Exchange ( DEX ):
“After extensively researching decentralized exchange frameworks and analyzing existing implementations, we believe significant improvements can be made in providing Binance users with a level of trading experience to which they are already accustomed. Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence.”
The BNB digital asset, now an ERC-20 token, will migrate as the native token of that network and be used for paying the trading fees on the new exchange.
Launching a Decentralized Stock Exchange More good news recently for Binance is that they are partnering with Neufund to build the world’s first Decentralized Stock Exchange. Alongside the Malta Stock Exchange, they are aiming to create a regulated and decentralized, global stock exchange for listing and trading tokenized securities alongside crypto-assets.
According to CapLinked, the market cap of equity tokens alone is projected to reach $1 trillion by 2020 and thanks to the partnership with MSX, a subsidiary of the Malta Stock Exchange and Binance, Neufund will become the first end-to-end primary issuance platform for security tokens, in particular, equity tokens. It will secure ways for secondary trading of equity tokens and enable companies around the world to fundraise on Blockchain in a legal way while offering much-needed liquidity.
This is more positive news for Binance as they aim to consolidate their position as the world’s number one Crypto Exchange.
Binance Jersey Launch – Now Supports Fiat to Crypto As of 16th January 2019, Binance has announced the launch of a new Fiat to Crypto exchange named “Binance Jersey“. The trading platform is live and active and allows you to trade in fiat currencies such as euros and pound sterling, with Europe being their target market.
We have now carried out a full review of Binance Jersey, so take a look for more indepth details about the new platform.
Binance Jersey
Visit Binance Jersey »
At the time of writing they are only offering four trading pairs with more to follow soon:
BTC / EUR BTC / GBP ETH / EUR ETH / GBP Supported Jurisdictions: Argentina Eswatini (formerly Swaziland) Latvia Romania Armenia Finland Liechtenstein Singapore Australia France Lithuania Slovakia Austria Germany Luxembourg Slovenia Azerbaijan Gibraltar Macau South Africa Belgium Greece Malta South Korea Brazil Hong Kong Mauritius Spain Bulgaria Hungary Mexico Sweden Canada Iceland Monaco Switzerland Chile Ireland Netherlands Turkey Croatia Israel New Zealand United Arab Emirates (UAE) Cyprus Italy Norway United Kingdom (UK) Czech Republic Jamaica Peru Uruguay Denmark Japan Poland Estonia Jersey Portugal Customers who wish to trade in the support fiat currencies will need to carry our KYC procedures by uploading their ID documents such as passport and driving license.
Wei Zhou, Binance’s CFO released this statement about the launch :
“Expanding the cryptocurrency exchange markets with fiat currencies in the European region is opening new economic opportunities for Europeans as well as freedom from looming Brexit uncertainty where the pound and euro are also in concern. Through Binance Jersey, we want to help bridge the crypto-fiat channel for Europe and the U.K. as part of our global expansion to support broader cryptocurrency adoption”.
If you are familiar with trading on Binance, then you will feel at home on their new exchange – it uses the same engine and the trading screen is laid out in the same fashion with the option to choose between Basic and Advanced views:
Binance Jersey Trading Screen
To fund your account in fiat, you will first need to complete the KYC process, once that is done you can then deposit funds directly from your bank account by linking it from the Deposits screen. You can also fund your account with BTC or Ethereum. Once you have your account setup and bank account linked, you can also withdraw funds in fiat currency – this is great news as Binance is now able to offer a way for investors to cash out their cryptocurrencies.
We have upgraded our review scores below and we feel this is a huge improvement to Binance’s Exchange offering, if they manage to roll this out to even more countries ( USA is currently excluded) it could be a game changer as people now have an extra, regulated fiat on and off ramp for their holdings.
Buying Bitcoin with Australian Dollars On March 20, 2019, Binance announced the launch of Binance Lite Australia, the continent’s first fiat gateway to the world of cryptocurrencies which provides a secure, reliable, and easy to use way to buy Bitcoin with cash in Australia.
The cash-to-Bitcoin brokerage service operates via a network of over 1,000 newsagents across Australia, and currently allows anyone to buy Bitcoin using Australian Dollars (AUD), and there are plans to include additional digital currencies and fiat purchasing options in the future.
Users must first undergo account verification on Binance Lite, and after being successfully verified, users can place online orders and deposit cash at their nearest newsagent, in order to receive their pre-ordered Bitcoin.
The Binance Lite brokerage service is operated by InvestbyBit, an independently operated subsidiary of the Binance.com cryptocurrency exchange. The service aims to simplify the process of purchasing cryptocurrencies and make digital assets such as Bitcoin readily accessible across Australia.
Fees A 2.5% transaction fee (50% discount applied) plus GST on the transaction fee for each purchase is currently being charged as an introductory rate. Therefore, for a $50 order, the transaction fee will be $1.22 and the GST will be 10% of the transaction fee, which is $0.12. Limits The system is currently in its Beta phase, and the minimum purchase amount has been lowered to $30 with the maximum purchase amount capped at $1000. These limits may change over time and only multiples of $10 are being accepted, such as orders for $50, $60, $70 etc. Verification First time customers are required to go through a one-time Know Your Customer (KYC) document verification. When using the service, it’s necessary to follow the instruction prompts after the order page and go through the verification.
In order to complete the verification process, it’s necessary to submit 1 or 2 forms of government issued ID documents as a Passport, Driver’s Licence, or Medicare card, in addition to your residential address. Any returning customers, who have already completed KYC verification, will be sent to the order summary page directly after opening a new order.
Each account is linked to a mobile number, and users should ensure to use the mobile number provided when first completing the verification process. Anyone choosing to use a new mobile number will be required to complete the ID verification process once again.
Paying by Debit and Credit Card Binance allows users to make debit and credit card payments for cryptocurrencies via a partnership with Simplex. It’s possible to purchase Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and XRP tokens by Visa and MasterCard and the benefits of using a debit or credit card on Binance include:
Swift Transfers: Average 10-30 mins for cryptocurrency to reach your wallet Low Fees: only 3.5% per transaction or 10 USD, whichever is higher Convenient: Visa and MasterCard accepted In order to purchase the supported cryptocurrencies with a debit or credit card, users can first go through the official instructions page and then visit: https://www.binance.com/en/creditcard.
Binance Launchpad and Initial Coin Offerings (IEOs) Binance Launchpad is the exchange’s token launch platform that aims to connect blockchain projects with the greater cryptocurrency community and enable projects to raise funds while interacting with Binance’s significant user base. In December 2017, the BREAD and GIFTO projects were able to hold successful token sales on Binance Launchpad and projects such as BitTorrent and Fetch.AI have also held successful launches in 2019. The platform makes use of the exchange’s native BNB token and rewards users for holding the token as well as allowing it to be used to participate in token sales.
Read: What is an IEO?
How Token Offerings Work on Binance Launchpad The ability to part in token offerings continues to attract a significant amount of users to Binance and it’s necessary to go through a number of steps in order to get used to the Launchpad platform. Anyone interested in a project should first go to the Binance Launchpad website and click on the project page and thoroughly research any of the projects on offer. If not already done, it’s also necessary to complete your Binance account verification, as token sales are carried out in compliance with the regulatory requirements in supported user jurisdictions.
The Lottery System Binance Launchpad operates a lottery system which sees that the number of lottery tickets you can claim being dependant on the amount of BNB tokens you hold in your Binance account over a 20-day period leading up to the day of the lottery, with a maximum of up to 5 tickets per eligible account.
The 20 days leading up to the lottery draw date is represented by X below, and by example, 100 ≤ X < 200 means that your BNB balance over the entire 20-day period is kept at 100 BNB or more, but does not exceed or reach 200 BNB.
A snapshot at 0:00 AM (UTC) each day records each user’s BNB balance, and should your BNB balance drop below the minimum balance required on any given day during the 20-day period, they will be put into the lower threshold. For example, if User A holds 301 BNB for 19 of the 20 days but their balance drops to 299 BNB on one day. They will move to the lower threshold and only be eligible to claim 2 lottery tickets.
Before the actual lottery date, users are given a 24 hour period to select how many lottery tickets they wish to enter, with the maximum number based upon their BNB holdings over the previous 20 days. Here, if a user submits an entry of 5 tickets and 2 tickets end up winning, they are committed to pay for 2 ticket allocations (in BNB) for the tokens.
Each lottery ticket has a unique number with multiple lottery ticket holders, obtaining tickets with consecutive numbers. For example, when claiming 5 tickets, the tickets may be numbered 100010, 100011, 100012, 100013 and 100014.
Once the 24 hour period ends and all tickets have been fully issued, Binance begins to randomly select multi-digit numbers. These are matched against the tail digits of all issued tickets in order to determine the list of winners. The selection process continues until the maximum number of winners are matched, and the respective BNB is deducted from each winning user’s balance, as soon as they are deemed a winner.
Binance announces the maximum number of potential lottery ticket winners, and the allocation amount corresponding to each winning ticket in advance.
Conclusion Currently, the matching engine of the exchange is capable of processing approximately 1.4 million orders each second, hence making it one of the fastest exchanges available on the market. Additionally, the exchange works on all forms of devices, including web, Android, WeChat, and HTML5. Non-English speakers will be happy to know that Binance offers multiple-language support in Chinese, English, Korean and Japanese.
Based on everything that has been outlined so far, Binance is undoubtedly the leading Cryptocurrency Exchange and offers great fees and awesome digital currency support. As it reportedly has access to abundant resources and partners, chances are that Binance will continue to evolve and offer great digital currency exchange services to its clients. We are happy to recommend Binance and have added it to our list of the Best Cryptocurrency Exchanges.
Update, April 2019: We have continued to update this review since Binance was first launched ( we were one of the first to offer a review of the platform at the time ). And as time has progressed, time and time again Binance have proven to be one of the very best, if not the best, exchanges available. Their CEO Changpeng Zhao (CZ for short) has been part of the cryptocurrency community and shown high standards of integrity. Binance the exchange has continued to innovate, bringing new products to market and new options for purchasing and trading cryptocurrencies to all corners of the globe.

Read w/ Proper Formatting & Illustrations
submitted by rulesforrebels to BinanceTrading [link] [comments]

Bloomberg - ECB's Liikanen calls Bitcoin "problematic."

Wire: Bloomberg First Word (BFW) Date: Jun 4 2015 12:00:00 Bitcoin ‘Problematic’ as Payments System, ECB’s Liikanen Says
By Raine Tiessalo (Bloomberg) -- Bitcoin “isn’t subject to the most basic principles governing payment systems,” including know-your-customer, according to European Central Bank Governing Council member Erkki Liikanen.
Any thoughts on this? I don't see current conventional payment systems being absent of any of these problems. Especially when it comes to cross-border payments.
submitted by Qui-Gon-Bit to Bitcoin [link] [comments]

Back to 2008: The origin of the blockchain, where the dream begins

Back to 2008: The origin of the blockchain, where the dream begins
[My great achievements shall be cast on bronze, carved on marble and engraved on wooden boards forever. When these deeds are circulated in the world, the age of happiness also come.
Cervantes Don Quixote]
On the occasion of the tenth anniversary of the birth of this bitcoin, I sent this sentence to Satoshi Nakamoto, paying tribute to this great era.
www.fmz.com
01
The clock goes back to 2008, and the world is struggling with the worst global economic recession in half a century. This extraordinary shock has caused serious trade shackles and led to the collapse of several large financial institutions. Due to the global integration and the development of various well-designed financial products, the world financial system has expanded into an interdependent, closely-knit ecosystem. The crisis has developed like a fire, and central banks and policy makers seem to be unable to do anything.
The crisis was caused by policy makers. In order to stimulate the economy, governments implemented loose monetary policies and deficit finances to stimulate residents to increase leverage and excessive consumption. Financial institutions also ignored high-risk operations and created asset price bubbles. Policy makers and supervisory authorities disregard risks, subjectively causing the lack of financial supervision and laxity; financial institutions intensified and amplified risks in order to pursue short-term interests.
https://preview.redd.it/p0jdzz3u5zl11.jpg?width=500&format=pjpg&auto=webp&s=f4b1ea6e0b09df16ce04a989d3d6a1381f722b0f
Film The Big Short is drawn from the global financial crisis in 2008
The irony and helpless thing are that global policy makers tried to quickly start the economic recovery after the financial crisis, and all countries entered the era of monetary easing, and the currency issued by most countries in the world far exceeded the historical average. In this unprecedented campaign of printing money, global asset prices started a new round of skyrocketing, causing severe inflation and overcapacity. So far, it has not been cleared, and it has become an unsuccessful shackle that has kidnapped economic policies.
No one is satisfied with such a robbery policy with money in the bank enduring the actual negative interest rate exploitation. Who wants to see that money earned by his hard work is diluted by inflation? It's time to change the rules of the game and make some new attempts. FMZ
02
The popularization and application of computer technology and modern communication technology is the fifth information technology revolution defined in the book. It has promoted human society into the digital information age, which has brought about tremendous changes in our production and life style. We benefit from this, chatting, reading, playing, shopping, socializing, completing work and life on the Internet, killing boring and lonely time. Some excellent and great companies were born, as well as some opportunistic generations.
Those who are accustomed to the network, in the harsh content review and speech control environment, are familiar with the 404 page, which is the characteristic daily page under the authority system. An HTTP 404 error is a page that the server returns if it cannot provide information properly or cannot respond not knowing the reason when a client browsing a web page. The HyperText Transfer Protocol (HTTP) is the most widely used network protocol on the Internet. All WWW files must comply with this standard. Although the TCP/IP protocol is the most popular application on the Internet, the HTTP protocol does not stipulate that it must be used and based on the layers it supports. In fact, HTTP can be implemented on any other Internet protocol, or on other networks.
https://preview.redd.it/mi9il6tw5zl11.jpg?width=437&format=pjpg&auto=webp&s=692f5210265d8c68757dc6e8e21b733194f144d3
Take a closer look at the HTTP status code, not far from “404 Not Found”. We can find the “402 Payment Required” that is rarely seen is described as "for later use" and is marked as "need to pay" to access. In fact, at the beginning of network design, creators hope to provide a way to transfer value. Different from the free sharing of information, it is not an easy task to exchange value freely on the Internet. Value is not data that can be “copied and pasted”. This dream can only be shelved indefinitely, and it is marked as "for later use". The problem is left to those who have enough wisdom to solve. FMZ
03
The seeds of the cryptocurrency have been planted early. In the 1980s, cypherpunk had the original idea of ​​cryptocurrency. Some people dream of building a market full of government secrets, and those who leak news can get untrackable electronic cryptocurrency rewards. The difficulty in designing rewards is how to build a consensus that everyone recognizes, namely the Byzantine Generals Problem, which was proposed by Leslie Lamport et al in 1985 – let the local forces reach a consensus and decide whether to send troops. Extending to the computing field, establishe a fault-tolerant distributed system. Even if some nodes fail, it can ensure the normal operation of the system. It can allow multiple nodes based on zero trust to reach consensus and ensure the consistency of information transmission.
I have to admit that the earth-shattering history is sometimes made by a small number of people. In 1993, Eric Hughes and a group of cryptography enthusiasts created “Cypherpunk mailing list”, and he wrote in the Cypherpunk Manifesto: “We the Cypherpunks are dedicated to building anonymous systems. We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money”.
In 1998, another cypherpunk, Wei Dai, proposed the anonymous, distributed electronic cryptocurrency system B-money. The idea of ​​distributed thinking has emerged as the spiritual leader of the new generation of cryptocurrency. Thought collide and surging years go by, cypherpunks diligently seeking and researching, from asymmetric encryption technology, peer-to-peer network technology, hashcash algorithm, to reusable proof of work, technology is maturing.
On November 1, 2008, a new post appeared in the " cryptography mailing list" titled "Bitcoin: A Peer-to-Peer Electronic Cash System". It is Satoshi Nakamoto. FMZ
“A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.” He wrote in the Bitcoin white paper.
“The most fundamental problem with traditional currencies is trust. The central bank must be trusted to not let the currency depreciate, but historically this credibility never existed. The bank must be trusted to manage the money and let it flow in electronic money, but the bank But using money to create a credit bubble makes private wealth shrink,"
On January 3, 2009, Nakamoto published the first version of the open source Bitcoin client, announcing the birth of Bitcoin. He got 50 bitcoins by "mining" on a small server in Helsinki, Finland, and the first bitcoin block was called “Genesis block”. Nakamoto put the headline of the "Times" on that day - "The Times 03/Jan/2009, Chancellor on brink of second bailout for banks" in the Genesis block, making a mockery of the monetary authorities, which will always be in the annals of history.
https://preview.redd.it/fogcek5z5zl11.png?width=448&format=png&auto=webp&s=8b37b75cbd82730e030b487b1b9c8a07d51a0cf0
04
The bitcoin that appeared in 2009 has changed all the issues related to money, the Internet and the transfer of value. The knotty problem that plagued the network creators seems to usher in a solution. Bitcoin, which integrates P2P network, cryptography, consensus algorithm and other existing technologies, elegantly solves the problem of generating, storing and transferring exchange value on the Internet. In this system, data is generated and stored in blocks, and is chained in chronological order. Nodes that are independent of each other participate in data verification, storage, and maintenance, and are non-tamperable and transparent. specialty. Blockchain is translated into blockchain technology, which establishes a trusted mechanism for information and value transfer in untrusted networks. FMZ
Satoshi Nakamoto predicted that bitcoin would be either zero or extremely powerful in 20 years.. After the promotion and development of geeks, technical evangelists, cryptocurrency enthusiasts and even keen capital, Bitcoin that was rarely known by people at the beginning has become known to all, and its blockchain technology has spread its genes and led into a new era. For the blockchain technology, governments, big capital, technology pioneers and even the general public have gradually established consensus - after the steam engine, electricity, and the Internet, the blockchain may be the next generation of disruptive core technology, and the Internet is moving toward value Internet from information Internet.
https://preview.redd.it/iu1jell06zl11.jpg?width=600&format=pjpg&auto=webp&s=f6d1d46a30bac78764be4e7e2b6370adb4f14763
Although the development of the Internet is changing rapidly, the breakthroughs in information dissemination and value transmission are not accidental events. From the day-to-day exploration of researchers and enthusiasts to the application feedback of ordinary users, they have to go through a long and arduous process of evolution. As technology and demand become more stable and mature, each new stage can build something new on the basis of the previous stage. Through heavy fog of thistory, looking back at the development of the information Internet, we should have sufficient psychological preparation for the construction and use of the value Internet. Although the technology is ready-made, the large-scale popularization and application can not be done overnight. If history has a reference, our optimistic expectation is totally reasonable. The application and popularity of the value Internet will radiate energy far beyond our expectations.
FMZ
submitted by FmzQuant to u/FmzQuant [link] [comments]

Bitcoin: I don’t have enemies

On January 3, 2009, Satoshi was busy from afternoon to dusk, creating, compiling and packaging the first open source code in a small server in Helsinki, Finland. After running SH A 256 operation, RIPEM D-160 operation, and writing version type, Base 58 coding, the first BLOCK of the BTC world was created at 18:15 on January 3, 2009. This day was called “Creation Day” by BTC believers, and this BLOCK is also called “Creation block." On this day, Bitcoin (hereinafter referred to as "BTC") was born.
In the past five years, BTC has experienced a lot of things. First, it was accepted by programmers and password punks in the geek circle. In their view, BTC provided a new perspective, when the cryptographic algorithm holds the open source program as weapon running on the P2P network, this is a fantasy world like "The Matrix". They quickly accepted BTC and spread its ideas. Some programmers developed third-party applications based on source code, which is also the prototype of the current BTC industry chain. Overall, this is a very legendary start. This circle is also a pure, professional group in highly ideal color. There is no power to roll, no money to chase, no speculation, and everything is only related to technology and hobbies. So, that programmer who bought a $25 pizza with 10,000 BTC in 2010 was asked if he regretted it. He replied: Pizza is delicious. But then, all of this changed slowly. In July 2010, the Mt. Gox platform was established. People in the gray economic circle began to move toward the “Silk Road”; in November of the same year, the price of BTC reached 0.5 US dollars and the BTC economy reached 1 million, which attracted the attention of the profit-seekers; in April 2011, the well-known American financial magazine "Times" and "Forbes" published reports on BTC one by one.
Humanistic technologists become interested; on December 6, 2012, the first officially recognized bitcoin exchange was born in France, and the visionary government began to think... Since 2013, as the market value has risen rapidly, the debate has become more and more fierce. Former US Federal Reserve Chairman Alan Greenspan said that BTC is a bubble with no intrinsic value. Nobel economist Krugman called BTC a historical retrogression. Whether it is in politics, economics, sociology, or even science, there are strong opposition voice. No matter how many people are hostile to Bitcoin, the answer given in the book Bitcoin is: I have no enemies - I am just an open source program, a cryptographic algorithm, a new technology, a P2P electronic payment system, a good idea... Although the liberals in the technical world will give me great ideals, the anarchists in geeks even regard me as a modern belief, I just want to solve practical problems through technology and make human feel convenient in actual interaction. In 2011, he began to contact BTC. Chang Jia, the author with genius mathematical thinking, who stepped into BTC world in 2011, said that for liberals, Bitcoin is Noah’s Ark, which can carry them to a free paradise; for the Silk Road, Bitcoin is snow job; for organizations like the Bitcoin Foundation, the Bitcoin community needs to actively engage with regulators to avoid potential policy reefs. The book "Bitcoin" is mainly about "I am solving problems, not making trouble": For the government, BTC is not an enemy. As long as the nation-state still exists, the legal currency will exist; as long as the government itself respects the marketization of the legal currency, then BTC can only become a supplement. For financial capital, large financial companies such as Visa, MasterCard, and Morgan can learn from the BTC's moveable value mechanism and parasitize on the BTC node. In a further step, they can introduce third-party agreements from banks, which can promote modern finance to a full Information height. For the economics community, many economists, especially Keynesianism, feel that BTC subverts traditional economic theory, natural deflationary attributes will only encourage speculation and ignore value, but in fact BTC will eventually belong to the essence value holders and the whole society. For the media, BTC not only provides free faith, but also provides an economic self-reliance. BTC and media are inherently natural alliances. For individuals, BTC is not an enemy. Money indiscriminate causes inflation to exploit people's wealth all the time. BTC offers the possibility of additional wealth preservation. At the very least, because BTC competes with fiats, the central bank will not be too unscrupulous.
In the future, the BTC world should pay more attention to the time stamp service and integrate more information into the encryption protocol not just currency; design a BTC third-party protocol access mechanism to complement and intersect with more traditional industries; strengthen decentralized Dropbox and its other extensible services. The core idea of ​​Bitcoin is not to misunderstand the emergence of BTC, which is just to make human life better, like the Internet. The Internet doesn’t have enemies, nor does BTC.
submitted by FmzQuant to u/FmzQuant [link] [comments]

Bitcoin: I don’t have enemies

Bitcoin: I don’t have enemies
On January 3, 2009, Satoshi was busy from afternoon to dusk, creating, compiling and packaging the first open source code in a small server in Helsinki, Finland. After running SH A 256 operation, RIPEM D-160 operation, and writing version type, Base 58 coding, the first BLOCK of the BTC world was created at 18:15 on January 3, 2009. This day was called “Creation Day” by BTC believers, and this BLOCK is also called “Creation block." On this day, Bitcoin (hereinafter referred to as "BTC") was born. www.fmz.com
www.fmz.com
  • In the past five years, BTC has experienced a lot of things. First, it was accepted by programmers and password punks in the geek circle. In their view, BTC provided a new perspective, when the cryptographic algorithm holds the open source program as weapon running on the P2P network, this is a fantasy world like "The Matrix". They quickly accepted BTC and spread its ideas. Some programmers developed third-party applications based on source code, which is also the prototype of the current BTC industry chain. Overall, this is a very legendary start. This circle is also a pure, professional group in highly ideal color. There is no power to roll, no money to chase, no speculation, and everything is only related to technology and hobbies. So, that programmer who bought a $25 pizza with 10,000 BTC in 2010 was asked if he regretted it. He replied: Pizza is delicious.
  • But then, all of this changed slowly. In July 2010, the Mt. Gox platform was established. People in the gray economic circle began to move toward the “Silk Road”; in November of the same year, the price of BTC reached 0.5 US dollars and the BTC economy reached 1 million, which attracted the attention of the profit-seekers; in April 2011, the well-known American financial magazine "Times" and "Forbes" published reports on BTC one by one. www.fmz.com
www.fmz.com
  • Humanistic technologists become interested; on December 6, 2012, the first officially recognized bitcoin exchange was born in France, and the visionary government began to think... Since 2013, as the market value has risen rapidly, the debate has become more and more fierce. Former US Federal Reserve Chairman Alan Greenspan said that BTC is a bubble with no intrinsic value. Nobel economist Krugman called BTC a historical retrogression. Whether it is in politics, economics, sociology, or even science, there are strong opposition voice.
  • No matter how many people are hostile to Bitcoin, the answer given in the book Bitcoin is: I have no enemies - I am just an open source program, a cryptographic algorithm, a new technology, a P2P electronic payment system, a good idea... Although the liberals in the technical world will give me great ideals, the anarchists in geeks even regard me as a modern belief, I just want to solve practical problems through technology and make human feel convenient in actual interaction. In 2011, he began to contact BTC. Chang Jia, the author with genius mathematical thinking, who stepped into BTC world in 2011, said that for liberals, Bitcoin is Noah’s Ark, which can carry them to a free paradise; for the Silk Road, Bitcoin is snow job; for organizations like the Bitcoin Foundation, the Bitcoin community needs to actively engage with regulators to avoid potential policy reefs. www.fmz.com
  • The book "Bitcoin" is mainly about "I am solving problems, not making trouble": For the government, BTC is not an enemy. As long as the nation-state still exists, the legal currency will exist; as long as the government itself respects the marketization of the legal currency, then BTC can only become a supplement. For financial capital, large financial companies such as Visa, MasterCard, and Morgan can learn from the BTC's moveable value mechanism and parasitize on the BTC node. In a further step, they can introduce third-party agreements from banks, which can promote modern finance to a full Information height. For the economics community, many economists, especially Keynesianism, feel that BTC subverts traditional economic theory, natural deflationary attributes will only encourage speculation and ignore value, but in fact BTC will eventually belong to the essence value holders and the whole society. For the media, BTC not only provides free faith, but also provides an economic self-reliance. BTC and media are inherently natural alliances. For individuals, BTC is not an enemy. Money indiscriminate causes inflation to exploit people's wealth all the time. BTC offers the possibility of additional wealth preservation. At the very least, because BTC competes with fiats, the central bank will not be too unscrupulous.
www.fmz.com
  • In the future, the BTC world should pay more attention to the time stamp service and integrate more information into the encryption protocol not just currency; design a BTC third-party protocol access mechanism to complement and intersect with more traditional industries; strengthen decentralized Dropbox and its other extensible services. The core idea of ​​Bitcoin is not to misunderstand the emergence of BTC, which is just to make human life better, like the Internet. The Internet doesn’t have enemies, nor does BTC. www.fmz.com
submitted by FmzQuant to u/FmzQuant [link] [comments]

Why the European Central Bank is Paving the Way for Bitcoin

The European Central Bank is finally launching its major quantitative easing (QE) in order to fight the euro zone’s slide towards deflation. But with the evident failure of this monetary policy so far and the emergence of negative interest rates, is the ECB creating the perfect storm for virtual currencies as a viable alternative?
From March this year until September 2016 the ECB will buy €60 billion (US$68 billion) of assets a month, a total of €1.1 trillion over the given period. Moreover, the President of the ECB, Mario Draghi, left room to extend the program if necessary. The ECB has been historically slow to take action and that begs the question whether this is “too little, too late.”
What is Quantitative Easing?
Quantitative easing (QE) is monetary policy used by a central bank to stimulate an economy when standard monetary policy has become ineffective. This is done by the a central bank buying assets from commercial banks and other financial institutions in order to increase asset prices and lower yields.
This policy is expansionary because at the same time it increases the monetary base. i.e. the amount of money in the system. The purpose of this is to try and stimulate an ailing economy and can be done in a variety of ways.
The ECB has only one mandate, which is a target based inflation number, as opposed to the Federal Reserve, which has 2 mandates the consist of a target based inflation number and a target based unemployment number.
Currently, a whole slew of countries in Europe (Germany, Finland, Switzerland, Denmark, Netherlands, Sweden and Austria) have negative interest rates. This means borrowers are paying lenders to hold their bonds. This suggests that people perceive these bonds as extremely safe and are willing to pay to hold them due to the risk averse nature of European investors.
QE has been launched to move investors out on the risk spectrum and into riskier asset classes, which in theory will help stimulate the EU and create a wealth effect and trickle down to all citizens. Unfortunately, this is usually not the case.
The EU has failed in their inflation target number, and as mentioned above are fighting off massive deflation. The chart below shows this:
http://i.imgur.com/9JEBGss.jpg
Implications of European QE
The USD has strengthened against all other major currencies. This is because as the US economy is perceived to be the strongest economy in the world right now, it has stopped asset purchases (QE).
It is also believed by the majority of pundits that the Fed will begin an interest rate hike cycle. Below is a 10 year chart of the USD vs. the Euro. As you can see, the USD has surged to new highs and broken through major resistance levels, while the mirror opposite has happened for the Euro. It has fallen through major support as a result of the announcement of QE and fears of a Grexit.
http://i.imgur.com/p6lSUtv.png
Elliott Wave has put together a great chart of the USD. It appears that this is just the beginning of a larger move that will have really bad implications for commodities and and apply additional deflationary pressure.
Short term the USD might be ripe for a pullback, but the chart below shows that a major new uptrend is underway and has only just started. With 16 Central Banks worldwide actively involved in monetary easing policies, and the Fed looking to tighten at some point relatively soon, this move will very likely continue for the USD.
http://i.imgur.com/xJT8PtI.png
This has also had major implications in the commodities space as the USD and commodities have an inverse relationship. This is mainly due to commodities being priced in USD. Again, this is very deflationary. The chart below shows the USD vs CRB. CRB is an index that includes all major commodities.
http://i.imgur.com/0X0am10.png
This has also had a big impact on bitcoin like all other commodities priced in USD, as it is down dramatically year over year.
http://i.imgur.com/Vmv47Dd.png
Deflation Is Still Winning
Despite all the monetary policy being used, deflation is still winning. This is a problem because all traditional measures that are being implemented are not working.
While Central Bankers believe they have the answers, it appears they couldn’t be more wrong. Does the chart below represent a successful policy for a recovery? Quite the opposite. What will be even worse are the unintended consequences wrought on the citizens of the world.
http://i.imgur.com/Vmv47Dd.png
All of these measures are failing despite historic fiscal and monetary easing. Notice that Eurozone prices are already in negative territory, and the trajectory of the others suggests that the rest of world is not far behind. At this point it seems unlikely the ECB will be able to fix a broken monetary union from the throes of deflation and perhaps outright depression that may be on the horizon.
As Central Banks continue to cause currency wars with global fiat devaluation alongside Negative Interest Rate Policies and QE, the existing monetary regime is proving inferior due to irresponsible policies that are simply not working. This opens the door for a new system based on virtual currency, as suggested by Greece’s new Finance Minister, Yanis Varoufakis, to take the torch and build a more transparent ecosystem while providing the necessary liquidity to maintain a healthy economy.
Written by George Samman, Adviser to BTC.sx - a Bitcoin trading platform offering up to 10:1 margin trading on Bitfinex, itBit and Bitstamp
submitted by BTC_sx to BitcoinMarkets [link] [comments]

Subreddit Stats: Bitcoin top posts from 2017-01-09 to 2017-02-08 00:18 PDT

Period: 29.84 days
Submissions Comments
Total 999 46557
Rate (per day) 33.48 1507.53
Unique Redditors 653 6643
Combined Score 110856 177455

Top Submitters' Top Submissions

  1. 3932 points, 2 submissions: tuqqs
    1. Clearly not mainstream yet (2808 points, 104 comments)
    2. what it'll look like, when it happens (1124 points, 195 comments)
  2. 3593 points, 19 submissions: helmsk
    1. Countdown: Bitcoin Will Be a Legal Method of Payment in Japan in Two Months (2316 points, 151 comments)
    2. Europe Lays Out Roadmap to Restrict Payments in Cash and Cryptocurrencies (317 points, 102 comments)
    3. Polish Bitcoin Adoption Escalating with Strong Ecosystem (86 points, 4 comments)
    4. Why South Korean Bitcoin Adoption Could Outpace Most Other Countries This Year (74 points, 3 comments)
    5. Pakistan Set to Become a Major Bitcoin Hub (72 points, 49 comments)
    6. UAE Did Not Ban Bitcoin (72 points, 2 comments)
    7. Europe Committed to Tightening Digital Currency Rules by End of 2017 (71 points, 23 comments)
    8. How to Start Your Own Bitcoin ATM Business (67 points, 15 comments)
    9. Coincheck's Growth Reveals Surging Japanese Bitcoin Trade (62 points, 8 comments)
    10. How Trump's Wall and Remittance Tax Could Give Bitcoin a Boost (60 points, 23 comments)
  3. 3177 points, 2 submissions: futureofeverything
    1. "R.I.P. Bitcoin. It's Time to Move On"....funny billboard driving around in Miami (3136 points, 227 comments)
    2. Why Venezuela's Currency Crisis Is A Case Study For Bitcoin (41 points, 1 comment)
  4. 2577 points, 7 submissions: Pizpie
    1. Welcome to Bitcoin, everyone. Don't worry, he'll recover. (1353 points, 155 comments)
    2. Breaking: Huobi & BTCC stopped margin trading, OKc leverage only 1x, finally no more fake BTC generated by exchange (485 points, 160 comments)
    3. Breaking: Bitcoin exchange Coinbase receives New York BitLicense (242 points, 55 comments)
    4. Canada Goose is thinking about accepting Bitcoin - Let them know what you think! (191 points, 49 comments)
    5. Confirmed: Huobi reactivates margin trading, with a limit of 100k CNY instead of 10 million CNY. (160 points, 79 comments)
    6. BREAKING: Huobi official announcement: We are considering charging trading fees. (80 points, 25 comments)
    7. Breaking: PBOC strikes again - Lending disabled on BTCC (66 points, 70 comments)
  5. 1941 points, 1 submission: bahatassafus
    1. Internet Archive: $3000 donated anonymously to the @internetarchive in bitcoin just now. Made our day! Thank you! (1941 points, 31 comments)
  6. 1338 points, 1 submission: kynek99
    1. Deutsche Bank - More than $10 billion in transactions never appeared on the books. That's why banksters don't want to use public blockchains. (1338 points, 96 comments)
  7. 1294 points, 1 submission: umbawumpa
    1. Julian Assange just used the current block hash as proof-of-not-prerecorded-interview in his AMA (1294 points, 182 comments)
  8. 1272 points, 2 submissions: Butt_Cheek_Spreader
    1. When you ride the bitcoin rally (1189 points, 204 comments)
    2. OKcoin and Huobi provided margin trading that violated rules resulting in abnormal price and fluctuations. (83 points, 28 comments)
  9. 1258 points, 4 submissions: dan_from_san_diego
    1. I started mining bitcoin in the desert. Here's some of what I have learned. (516 points, 575 comments)
    2. Chase is closing my account due to bitcoin purchases. Nice. (478 points, 410 comments)
    3. Here are some pictures of the solar greenhouse in the desert I am using to mine bitcoin. (140 points, 303 comments)
    4. Man... Brian Kelly from CNBC really fell hard for bitcoin. I like that! (124 points, 27 comments)
  10. 1250 points, 10 submissions: PoCaMiQu
    1. Can we fucking acknowledge that the Chinese Government just legitimized bitcoin? (604 points, 154 comments)
    2. WTF Huffington Post <---Fake News: "Bitcoin Plummets On Yuan Reversal" (218 points, 71 comments)
    3. This is what I like to see when checking daily's finances. (122 points, 22 comments)
    4. Beautiful balance (71 points, 13 comments)
    5. Reminder: Bitcoin's immutability is not only not a bug, but its main feature. Scalability comes secondary to it. (44 points, 20 comments)
    6. Bitcoin Price Gets Ready to Factor In Winklevoss Bitcoin ETF Approval (43 points, 24 comments)
    7. Paxful - a global leader in peer-to-peer bitcoin technology - has launched a new widget, allowing anyone to buy bitcoin worldwide instantly with over 300 ways to pay. (41 points, 34 comments)
    8. Scaling Revisited: What If Bitcoin's Big 'Problem' is Its Great Strength? (38 points, 16 comments)
    9. Flashback to the 90's: Interviewer asks Fed Chair "What is Blockchain?" (37 points, 21 comments)
    10. It seems all those FUD mongers were wrong when they predicted the price would crash without China's "liquidity" (32 points, 13 comments)
  11. 1155 points, 16 submissions: eragmus
    1. Ben Davenport (BitGo CTO): "Centralization of mining has led to some miners thinking they're in charge of Bitcoin. They forgot where Bitcoin's value comes from." (169 points, 112 comments)
    2. [Twitter Poll] Charlie Lee (Director of Engineering @ Coinbase): "What's the most important feature of Bitcoin that we must not sacrifice? Decentralization, Security, Low fees, Global payments" (116 points, 62 comments)
    3. Hernz: "Did you know you can get paid to help spread misinformation? -birds dot bitcoin dot com-" (hosted by Roger Ver) (106 points, 38 comments)
    4. The Passion of 'Bitcoin Jesus': How The Blockchain's Most Beloved Investor Became its Most Polarizing (101 points, 52 comments)
    5. Jonas Nick: "MimbleWimble blockchain (non-interactive coinjoin + pruning) may be able to support Lightning" / ref: Andrew Poelstra @ lists.launchpad.net/mimblewimble/msg00022.html (96 points, 19 comments)
    6. Bitcoin Core - IRC Meeting Summary (January 19, 2016) (83 points, 16 comments)
    7. Bitcoin Core - IRC Meeting Summary (January 12, 2016) (68 points, 7 comments)
    8. WhalePanda: "Analyzed @rogerkver's 'Cry Wolf' tactic on censorship on /bitcoin." (59 points, 16 comments)
    9. Inside MAST: The Little-Known Plan to Advance Bitcoin Smart Contracts (52 points, 8 comments)
    10. Bitcoin Core - IRC Meeting Summary (January 5, 2016) (51 points, 2 comments)
  12. 1155 points, 14 submissions: castom
    1. Russian Authorities: Bitcoin Poses No Threat, Won’t Be Banned (575 points, 80 comments)
    2. Bitcoin Goes to Washington - Trump May Hire More Digital Currency Leaders (86 points, 50 comments)
    3. With Another $30 Million Investment, BitFury becomes the Highest-funded Bitcoin Company (80 points, 3 comments)
    4. Nigeria's Bitcoin Interest Unwavering Despite Government Crackdown (64 points, 3 comments)
    5. German TV Calls Bitcoin "Digital Gold" (46 points, 3 comments)
    6. A Town in Illinois Just Announced It's Holding a Bitcoin Sale (46 points, 9 comments)
    7. Coinbase CEO: IRS Battle Could Cost Startup $1 Million (43 points, 15 comments)
    8. Xapo Now Licensed to Operate from Switzerland (39 points, 2 comments)
    9. Bitcoin Payments Startup BitPesa Raises $2.5 Million (32 points, 0 comments)
    10. Lawsuit Accuses Bitcoin ATM Owner of Smashing Competing Machines With Hammers (31 points, 18 comments)
  13. 1140 points, 4 submissions: bdd4
    1. sigh (859 points, 189 comments)
    2. As Predicted. 🙄 PBoC (137 points, 86 comments)
    3. Friendly Reminder: Bitcoin is still up 2.6% for the last 30 days (94 points, 8 comments)
    4. Dead Man's Switch for HODLers (50 points, 84 comments)
  14. 1104 points, 3 submissions: Vaultoro
    1. "Great minds discuss ideas; average minds discuss events; small minds discuss people." can we please stop this culture of bashing or lifting cults of personality and get back to science? (807 points, 143 comments)
    2. The house of Nakamoto in the main shopping strip of Vienna gets massive new bitcoin logo signage 2 stories big, 4 times 4 meters of epic propaganda! (265 points, 32 comments)
    3. I saw a post here that little snitch takes bitcoin. I just purchased a copy! Great little app and well worth 30 bucks. (32 points, 9 comments)
  15. 1088 points, 3 submissions: Carlscrazyidea
    1. You can now buy Bitcoin from any 7-11 in the Philippines! (1021 points, 136 comments)
    2. What is my impact as a Bitcoin holder? (41 points, 45 comments)
    3. I am a Hodling noob who still has a lot of Hodling work to do! (26 points, 30 comments)
  16. 1060 points, 7 submissions: Bitcohen
    1. Mercedes Buys Bitcoin Service Provider in 'Digitization Strategy' (518 points, 70 comments)
    2. Mercedes-Benz cars are now being sold for Bitcoin in Venezuela (348 points, 68 comments)
    3. Dutch Pirate Party pays 11,250 Euro deposit in Bitcoin to Electoral Council (68 points, 9 comments)
    4. Amir Taaki & Cody Wilson's Bitcoin support described by film critic as “defense of criminality” at Sundance Film Festival 2017 (44 points, 13 comments)
    5. Russia's Kaliningrad May Trial 'Legal' Bitcoin, Launch Exchange (31 points, 2 comments)
    6. Bitcurex Owner 'Disappears' After Failing to Return 2,300 BTC (26 points, 2 comments)
    7. Liverpool Launches Own Digital Currency Based on Bitcoin's Blockchain Tech - Attracts 3,000 Users in First Month (25 points, 1 comment)
  17. 1009 points, 1 submission: worstkeptsecrets
    1. Bitcoin on NewEgg. 3rd option! Ahead of Credit Card and PayPal! #ITSHAPPENING (1009 points, 92 comments)
  18. 975 points, 1 submission: SooieSide
    1. You can't get to the moon on a roller coaster. (975 points, 73 comments)
  19. 941 points, 4 submissions: Logical007
    1. UPDATE: Nearly all of Circle's 5 Star Ratings have disappeared today for their latest version (Jan 5th). A stark difference to what we saw earlier, looks like action was taken. (633 points, 177 comments)
    2. Bloomberg: Wyre CEO: "Bitcoin is a good investment for everyone." (VIDEO (188 points, 13 comments)
    3. Bitcoin isn't 'real money'. Google, you need to work on your search results. (85 points, 38 comments)
    4. Coinbase, please fix your merchant invoices on iOS 10. They haven't worked properly for months (while BitPay's work perfectly). Details and screenshot inside. (35 points, 5 comments)
  20. 896 points, 1 submission: amendment64
    1. Just paid 23 cents on a $3.74 transaction. When does it end? $1.00 per transaction? $2? $5? I don't wanna stop using this peer to peer currency, but I'm fast being priced out of it. (896 points, 1017 comments)
  21. 884 points, 2 submissions: theswapman
    1. Bitcoiner interrupts Shia LaBeouf's "He Will Not Divide Us" stream with chant that Bitcoin Will Unite Us! (456 points, 204 comments)
    2. PSA: Xapo will freeze your bitcoin and demand documents AFTER you have deposited (428 points, 101 comments)
  22. 820 points, 3 submissions: MorrisMustang
    1. South Florida Distillers uses heat from bitcoin mining to accelerate rum barrel aging! (709 points, 66 comments)
    2. "See, bitcoin is down 9.75% over the past month...I told you it crashed..." says my wife (72 points, 64 comments)
    3. EthereRum by South Florida Distillers, the worlds first rum distilled from mining heat. Stayed tuned for more details. (39 points, 21 comments)
  23. 799 points, 5 submissions: finalhedge
    1. Patrick Byrne (Overstock CEO) on Fox Business Channel today (288 points, 57 comments)
    2. "Sent my first instant bitcoin LN payment to a random irc user on testnet. Second-layer tech for the win!" | Justin Camarena on Twitter (250 points, 64 comments)
    3. Balaji Srinivasan (21 CEO) just deleted his whole tweet history. Heading to the FDA? (137 points, 69 comments)
    4. BARRY SILBERT'S BITCOIN INVESTMENT TRUST FILES FOR IPO (99 points, 10 comments)
    5. Bloomberg: 'Blockchain' Fans Will Have A Rude Awakening In 2017 (25 points, 2 comments)
  24. 798 points, 9 submissions: FluxSeer
    1. Gemini Introduces Zero-Confirmation Bitcoin Deposits (205 points, 69 comments)
    2. Bitcoin Mining Distribution 2012 vs. 2017 (146 points, 69 comments)
    3. When someone says Bitcoin is a ponzi/scam/etc... Send them this link. (131 points, 24 comments)
    4. Developer Release for OpenBazaar 2.0 (123 points, 45 comments)
    5. Federal Reserve Staffer Fined for Mining Bitcoins at Work (62 points, 4 comments)
    6. A Future Led by Bitcoin Unlimited is a Centralized Future (56 points, 38 comments)
    7. Blockstream joins Digital Garage to jointly develop next-generation financial technology (33 points, 15 comments)
    8. Bitcoin Matrix Wallpaper (1920x1080) (23 points, 6 comments)
    9. The ECB Explains Why Central Banks Can't Go Bankrupt (19 points, 7 comments)
  25. 796 points, 1 submission: kidblondie
    1. [AMA] I'm the woman who got pepper sprayed wearing the "Make Bitcoin Great Again" hat. (796 points, 938 comments)
  26. 709 points, 1 submission: silver_89
    1. Liftoff (709 points, 282 comments)
  27. 697 points, 2 submissions: Tfoe1399
    1. Huge shoutout to BTC.com for giving me back my money (666 points, 91 comments)
    2. So this just happened (31 points, 101 comments)
  28. 691 points, 3 submissions: jholmes91
    1. Antonopoulos Supports SegWit, Opens Doors For Lightning and TumbleBit (315 points, 112 comments)
    2. Donald Trump is Considering a Bitcoin Entrepreneur to Lead the FDA (220 points, 137 comments)
    3. Japanese Internet Giant GMO Announces Entrance to Bitcoin Wallet Market (156 points, 14 comments)
  29. 688 points, 2 submissions: belcher_
    1. bitcoin.com loses 13.2BTC trying to fork the network: Untested and buggy BU creates an oversized block, Many BU node banned, the HF fails (543 points, 428 comments)
    2. Segwit talk by Pieter Wuille. 25 minutes talk time (145 points, 21 comments)
  30. 673 points, 9 submissions: Lite_Coin_Guy
    1. Litecoin Moves to Adopt Bitcoin's SegWit Scaling Upgrade (155 points, 86 comments)
    2. If Bitcoin ETF approval ignites speculative rush, doesn't that prove intense latent demand, blocked only by the SEC? (120 points, 22 comments)
    3. Big miners are free to create their Unlimited coin, but if they try to kill Bitcoin it will resist censorship and route around it. (108 points, 103 comments)
    4. What is money? (93 points, 56 comments)
    5. Charlie Shrems next jail time? (50 points, 15 comments)
    6. In 1996 they said the Internet was in need of a "killer app". In 2016, they said #Bitcoin needed a "killer app", too. (39 points, 17 comments)
    7. Introduction to Bitcoin & Blockchains (38 points, 5 comments)
    8. Evaporative Two-Phase Immersion Cooling (Bitfury) (37 points, 6 comments)
    9. Crypto '98 Rump Session- Hal Finney (33 points, 8 comments)
  31. 635 points, 8 submissions: olivercarding
    1. Bitcoin Has Many Fans at Amazon According to Purse CEO Andrew Lee (152 points, 39 comments)
    2. Bitcoin is Closing in On Its Transaction Capacity Limit, For Real This Time (110 points, 155 comments)
    3. The Founder of India-Based Bitcoin Mining Pool GBMiners is Running a Ponzi Scheme (105 points, 50 comments)
    4. How Bitcoin Is Disrupting The Online Gambling Industry (98 points, 74 comments)
    5. Report Estimates There are More Than 10 Million Bitcoin Holders Worldwide (91 points, 54 comments)
    6. Blockchain Announces Expansion in Middle East; Partners with Dubai Government (32 points, 7 comments)
    7. 3 Teams Receive Funding from $1.2 Million Bitcoin Development Grant, More Funds Incoming (27 points, 7 comments)
    8. Digital Garage and Blockstream Collaborate on New Blockchain Solutions for Japanese Market (20 points, 0 comments)
  32. 630 points, 1 submission: classna
    1. FOMO-ing right now (630 points, 85 comments)
  33. 621 points, 7 submissions: _smudger_
    1. Bitcoin: Why It Now Belongs in Every Portfolio (206 points, 33 comments)
    2. Bitcoin ETF may attract $300 million in the first week, says Needham & company (205 points, 103 comments)
    3. It's time to start thinking about denominating Bitcoins in mBTC permanently. Might be the last time to buy some for less than a dollar each! (82 points, 127 comments)
    4. Big China bitcoin exchange says no government pressure on outflows (46 points, 6 comments)
    5. New weekly record in Local Bitcoin volumes plus new highs in Canada, Colombia, Denmark, Saudi Arabia, Thailand and Venezuela (36 points, 1 comment)
    6. Despite the recent drop the price is hitting new records when averaged over a year (24 points, 10 comments)
    7. Press Release: CD Key retailer CJS CD Keys now Accepting Bitcoin (22 points, 3 comments)
  34. 597 points, 1 submission: arichnad
    1. mac has the new bitcoin Unicode character already! (597 points, 81 comments)
  35. 594 points, 1 submission: drvox1600
    1. Bitcoin just hit $1000 USD! :D (594 points, 147 comments)
  36. 573 points, 4 submissions: bitcoinglobe
    1. Japanese internet giant, GMO, entering bitcoin exchange and wallet markets (451 points, 26 comments)
    2. Abra overview (52 points, 22 comments)
    3. Japan Could See 20,000 Bitcoin Accepting Merchants in 2017 - CryptoCoinsNews (44 points, 5 comments)
    4. Bitcoin is gold with a teleporter (26 points, 2 comments)
  37. 567 points, 9 submissions: PrimeParticle
    1. "Introduction to Bitcoin" - Andreas Antonopoulos (Probably one of the best videos for introducing bitcoin). (131 points, 7 comments)
    2. Venezuela's currency now worth so little shopkeepers weigh vast piles of notes instead of counting them (118 points, 42 comments)
    3. Coins are cheaper in China by $30 to $50 dollars for the first time in a long time, that means... (92 points, 87 comments)
    4. Andreas Antonopoulos - The Death of Money | London Real (57 points, 1 comment)
    5. Abra: Bitcoin To Fiat Withdrawals At Tellers Globally! - 2017 North American Bitcoin Conference (47 points, 14 comments)
    6. Remember that you can use CPFP or RBF to get your transactions confirmed faster. (45 points, 46 comments)
    7. Bitcoin Q&A: The Lightning Network & Rootstock (30 points, 1 comment)
    8. Public Perception of Bitcoin is Slowly Shifting Amid Global Financial Turmoil (25 points, 1 comment)
    9. Bitcoin is shrugging off some big news of out of China (22 points, 1 comment)
  38. 561 points, 1 submission: kevsudos
    1. Bitcoin Hodlers Be Like........ (561 points, 96 comments)
  39. 543 points, 1 submission: turn-down-for-what
    1. $1,000! (543 points, 49 comments)
  40. 539 points, 1 submission: BlahYourHamster
    1. [META] Can we use the Bitcoin Rollercoster Guy as the upvote and downvote arrows? (539 points, 49 comments)
  41. 538 points, 7 submissions: themetalfriend
    1. The real superhero (210 points, 15 comments)
    2. Countries where you can survive on Bitcoin (map) (76 points, 88 comments)
    3. How practical is it to live on Bitcoin: historical progress (gif) (63 points, 40 comments)
    4. Among the countries with the strongest Bitcoin adoption: Slovenia, Finland, Singapore, Hong Kong, Canada, Switzerland (63 points, 13 comments)
    5. Long-term bitcoiner checking this sub (51 points, 9 comments)
    6. The complete list of the factors that influence the value of Bitcoin (45 points, 29 comments)
    7. Will Bitcoin work on Mars? (30 points, 41 comments)
  42. 521 points, 2 submissions: roasbeef
    1. Announcing the Alpha Release of the Lightning Network Daemon! (427 points, 152 comments)
    2. Setting up and Testing LND with the Testnet Lightning Faucet (94 points, 7 comments)
  43. 506 points, 1 submission: ToTheMoonGuy
    1. Super Bowl Bitcoin Lady (506 points, 37 comments)
  44. 484 points, 1 submission: ssienk117
    1. My new Phone background. Thanks u/SooieSide/ (484 points, 30 comments)
  45. 472 points, 2 submissions: Wingsuit
    1. I think duck duck go should improve their decimal accuracy (386 points, 41 comments)
    2. Bitcoin achieves leetness in Australia (86 points, 12 comments)
  46. 470 points, 1 submission: robertgenito
    1. The REAL good ol' days of bitcoin... (470 points, 103 comments)
  47. 444 points, 1 submission: loserkids
    1. Bitcoin saved my ass in South East Asia (444 points, 115 comments)
  48. 441 points, 1 submission: boyber
    1. LibreTaxi, free and open source UbeLyft alternative to connect passengers and drivers - bitcoin integration on the way! (441 points, 94 comments)

Top Commenters

  1. nullc (2659 points, 215 comments)
  2. kidblondie (2127 points, 89 comments)
  3. BashCo (1530 points, 293 comments)
  4. dellintelbitcoin (1400 points, 372 comments)
  5. smartfbrankings (1141 points, 265 comments)
  6. belcher_ (1031 points, 149 comments)
  7. Frogolocalypse (986 points, 322 comments)
  8. dan_from_san_diego (949 points, 554 comments)
  9. Cryptolution (851 points, 226 comments)
  10. Vaultoro (822 points, 100 comments)
  11. thieflar (792 points, 231 comments)
  12. Lite_Coin_Guy (748 points, 219 comments)
  13. Cryptoconomy (728 points, 134 comments)
  14. Coinosphere (723 points, 282 comments)
  15. luke-jr (718 points, 141 comments)
  16. waxwing (707 points, 117 comments)
  17. bitsteiner (658 points, 157 comments)
  18. BitttBurger (646 points, 157 comments)
  19. shesek1 (607 points, 132 comments)
  20. pb1x (595 points, 76 comments)
  21. jratcliff63367 (591 points, 45 comments)
  22. supermari0 (587 points, 131 comments)
  23. bitusher (581 points, 96 comments)
  24. 4n4n4 (576 points, 79 comments)
  25. coinjaf (562 points, 225 comments)
  26. glockbtc (541 points, 168 comments)
  27. 45sbvad (539 points, 102 comments)
  28. killerstorm (536 points, 119 comments)
  29. adam3us (527 points, 66 comments)
  30. maaku7 (527 points, 63 comments)
  31. nopara73 (523 points, 120 comments)
  32. phor2zero (499 points, 66 comments)
  33. PrimeParticle (496 points, 108 comments)
  34. sreaka (495 points, 155 comments)
  35. jonny1000 (488 points, 98 comments)
  36. CoinCadence (487 points, 77 comments)
  37. SatoshisCat (480 points, 150 comments)
  38. petertodd (473 points, 24 comments)
  39. spoonfednonsense (472 points, 126 comments)
  40. Hitchslappy (472 points, 102 comments)
  41. albuminvasion (466 points, 84 comments)
  42. Taek42 (456 points, 44 comments)
  43. chrisrico (452 points, 87 comments)
  44. AnonymousRev (451 points, 115 comments)
  45. the_bob (443 points, 114 comments)
  46. satoshicoin (438 points, 65 comments)
  47. Riiume (434 points, 83 comments)
  48. exab (430 points, 125 comments)
  49. jimmajamma (422 points, 141 comments)
  50. brg444 (421 points, 69 comments)

Top Submissions

  1. "R.I.P. Bitcoin. It's Time to Move On"....funny billboard driving around in Miami by futureofeverything (3136 points, 227 comments)
  2. Clearly not mainstream yet by tuqqs (2808 points, 104 comments)
  3. Countdown: Bitcoin Will Be a Legal Method of Payment in Japan in Two Months by helmsk (2316 points, 151 comments)
  4. Internet Archive: $3000 donated anonymously to the @internetarchive in bitcoin just now. Made our day! Thank you! by bahatassafus (1941 points, 31 comments)
  5. Welcome to Bitcoin, everyone. Don't worry, he'll recover. by Pizpie (1353 points, 155 comments)
  6. Deutsche Bank - More than $10 billion in transactions never appeared on the books. That's why banksters don't want to use public blockchains. by kynek99 (1338 points, 96 comments)
  7. Julian Assange just used the current block hash as proof-of-not-prerecorded-interview in his AMA by umbawumpa (1294 points, 182 comments)
  8. When you ride the bitcoin rally by Butt_Cheek_Spreader (1189 points, 204 comments)
  9. what it'll look like, when it happens by tuqqs (1124 points, 195 comments)
  10. You can now buy Bitcoin from any 7-11 in the Philippines! by Carlscrazyidea (1021 points, 136 comments)

Top Comments

  1. 380 points: Tyatku's comment in When you ride the bitcoin rally
  2. 340 points: Vaultoro's comment in Just paid 23 cents on a $3.74 transaction. When does it end? $1.00 per transaction? $2? $5? I don't wanna stop using this peer to peer currency, but I'm fast being priced out of it.
  3. 323 points: jamesdpitley's comment in "R.I.P. Bitcoin. It's Time to Move On"....funny billboard driving around in Miami
  4. 290 points: Clutch70's comment in Clearly not mainstream yet
  5. 212 points: BitcoinDreamland's comment in South Florida Distillers uses heat from bitcoin mining to accelerate rum barrel aging!
  6. 206 points: bitpotluck's comment in FOMO-ing right now
  7. 195 points: howardkinsd's comment in Clearly not mainstream yet
  8. 182 points: beloboi's comment in "R.I.P. Bitcoin. It's Time to Move On"....funny billboard driving around in Miami
  9. 181 points: BattleChimp's comment in "R.I.P. Bitcoin. It's Time to Move On"....funny billboard driving around in Miami
  10. 179 points: kidblondie's comment in [AMA] I'm the woman who got pepper sprayed wearing the "Make Bitcoin Great Again" hat.
Generated with BBoe's Subreddit Stats (Donate)
submitted by subreddit_stats to subreddit_stats [link] [comments]

OP - Finnish Bank wrote (relatively) positive article about Bitcoin

Original source: https://www.op.fi/op/op-pohjola-ryhma/uutishuone/?id=80300&srcpl=1#/uutiset/8342/bitcoin_puhuttaa
Translation (partially by google translator)
Bitcoin a hot topic 02/12/2014 , News
Diginatives use it , and investors want to get rich with it. What Bitcoin is all about?
Programming point of view, five years ago, the Internet created an electronic currency bitcoin is a real tour de force . It is a currency that can be used anonymously so that the exchange takes place only for the seller and the buyer. Transaction is moving within bitcoin-network
The difference between a credit card payment is clear. If you pay by credit card, payment always leaves a trace, and the transaction is ultimately between banks .
Also bitcoin keeps a record of transactions, but if the receivers and senders electronic wallets are anonymous, no one knows between who transaction has taken place. There is also no government body that would regulate the value of Bitcoin or the movement .
Bitcoin can not be forged . It is an electronic currency that is based on mathematics , prime numbers and standardized encryption algorithms .
One Bitcoin is determined by the value of bitcoin-exchange sites that work just like the stock exchanges . The price is determined by supply and demand.
Bitcoin can be get by purchasing them from online exchanges with ordinary money or by selling items or services.
To be able to own bitcoins , a computer or mobile phone must have a virtual wallet , which store Bitcoins.
Bitcoin have been joined by other virtual currencies such as the Litecoin , Dogecoin and Fair Quark.
Use ?
What is Bitcoin can be used? Depends on the environment in which you live in. If you do not live on the crest of the technology , you may have not faced Bitcoins at all. In that case you use euros and credit cards and have physical wallet
If you are diginative and live in world of real-time communication and democratization of knowledge, you face bit coin stores and marketplaces online. Operations are global.
Today, there are also firms that pay the salary of Bitcoin .
As the online world there is no national borders , salary or commission paid as bitcoin transaction arrives within seconds.
The risks?
Is it right to warn of the risks , such as the Bank of Finland, European Central Bank and the European Banking Authority ( EBA) are doing?
Bitcoin does not offer protection from hackers or digital thief’s because there is no outside entity turn to if things doesn’t work.
Bitcoin value is based only on trust between users . Bitcoin users , each with their own actions determine how strong or weak the bitcoin evolves.
Investment Property ?
Bitcoin is also the investment. It depends on supply and demand , it rises and falls.
Bitcoin value is already varied significantly. Its value has been launched under the dollar. At most, one Bitcoin value of more than $ 1,000. On February 12, Day one Bitcoin price MtGox service had fallen to $ 554 .
Although value of one Bitcoin value is big, it is split into smaller and smaller fractional numbers , which can be traded .
As like gold which has limited supply, the number of bitcoins stops once 21 million has been reached, aka all Bitcoins has been found by mining.
Mining new bitcoins is for experts because it requires knowledge how to install mining program and create an bitcoin wallet. Guides how to do this can be found from Internet.
And where to store bitcoins safely? Many have solved the issue by storing Bitcoin memory stick and moving the stick a bank safety deposit box .
submitted by exlin to Bitcoin [link] [comments]

New laws requiring sales tax on bitcoins?

If most nations pass laws requiring sales tax to be paid on every bit coin sale, what will happen to the price of bitcoin?
Wouldn't that likely kill the new bitcoin ATM industry? Who would be willing to pay 10% premium over current exchange prices AND another 15% for sales tax / VAT / GST / etc
For example, HMRC is 'pro-bitcoin' as long as they get 20% VAT tax from each bitcoin sale.
Source:
HMRC Publicize Pro Bitcoin Stance. http://bitcoinmagazine.com/11010/hmrc-bitcoin/
In the US a Senate committee described virtual currencies as a “legitimate financial service” - does this imply a service tax could be imposed on all transactions if such laws are passed soon?
In Finland the central bank has instead decided to categorize the software as a commodity.
Currently, exchanges are trading bitcoin without any sales tax imposed, like it is considered a sovereign currency or futures contracts. Most governments appear to refusing to consider it as 'currency'.
submitted by bigtimedime to Bitcoin [link] [comments]

Crypto Basics Part 2: Central Banks Are Joining The Cryptocurrency Party. Are They Welcome? All Eyes On $8,000: Why Bitcoin Price Needs to Clear This Crucial Level  China’s Digital Currency DIGITAL GOLD SELECTED BY CENTRAL BANKS; SCBDC IS THE SOLUTION; RIPPLE XRP NEWS ; XRP update JPMorgan’s Aronov Says Valuations 'Synthetically Generated' by Central Banks Revolutionary Bitcoin system in Finland

"Bitcoin can be transferred from one country to another without limitation. However, the exchange rate against other currencies can be very volatile. This is partly because the price is often driven by speculation, and also because it is a fairly small market compared with other currencies. Bitcoin doesn't meet the definition of a currency or even an electronic payment form in Finland, where the central bank has instead decided to categorize the software as a commodity. "Considering In a research discussion paper entitled “Monopoly without a monopolist: an economic analysis of the bitcoin payment system” the central bank of Finland solidified its stance towards bitcoin and its optimism in regard to the emergence of a truly decentralized financial system.. The paper written by researchers, Gur Huberman, Jacob Leshno, Ciamac Moallemi delves deep into the technical The document, compiled by the Finnish central bank’s head of digitalization Aleksi Grym, claims the world has become “muddled” about the difference between money and technology and argues that digital currency is in fact “basically a fallacy.”. The paper’s abstract reads: As of today, the fundamental nature of digital currencies remains surprisingly elusive. Finland’s central bank has declared that bitcoin does not meet the country's definition of a currency. Bitcoin’s Price Correlation With S&P 500 Hits Record Highs. Omkar Godbole Jul 3, 2020.

[index] [3765] [8401] [6212] [6062] [12997] [13224] [27104] [19074] [26344] [25301]

Crypto Basics Part 2: Central Banks Are Joining The Cryptocurrency Party. Are They Welcome?

With Copper’s custodial services now available for XDCe, regulated institutions like banks, crypto hedge funds, and financial entities will have a secure sol... As decentralized digital currencies like bitcoin have become more popular, the world’s central banks are beginning to realize they need to get in the game or let the evolution of money pass them by. 13:20 Central bank consideration ... XRP PRICE BASED N FUNDAMENTALS; ... Bitcoin Documentary Crypto Currencies Bitcoins Blockchain Digital Currency ... The central bank, in collaboration with private companies, “has completed development of the sovereign digital currency’s basic function and is now drafting relevant laws to pave the way for ... Bitcoin doesn't meet the definition of a currency or even an electronic payment form in Finland, where the central bank has instead decided to categorize the software as a commodity.

Flag Counter