NMC BTC Namecoin Bitcoin Livecoin - Investing.com

Bitcoin mining is a bit more than just number crunching

The charming cryptocurrency and the many ideas that surface in the minds of the observers typically surround couple of apparent concerns - how does it enter being and what about its flow? The response, nevertheless, is uncomplicated. Bitcoins need to be mined, in order to make the cryptocurrency exist in the Bitcoin market. The mystical developer of Bitcoin, Satoshi Nakamoto, imagined a method to exchange the important cryptocurrencies online, by getting rid of the need for any central organization. For Bitcoins, there's an alternative method to hold the essential records of the deal history of the whole blood circulation, and all this is handled through a decentralized way.
The journal that helps with the procedure is called the "blockchain". The essence of this journal may need lots of newsprint for appearing frequently at all popular Bitcoin news. Blockchain broadens every minute, existing on the makers associated with the big Bitcoin network. Individuals might question the credibility, even credibility, of these deals and their recordings into Blockchain. This too is nevertheless warranted, through the procedure of Bitcoin mining. Mining allows production of brand-new Bitcoin and assembling deals to the journal. Mining basically involves fixing of complex mathematical estimations, and the miners utilize enormous computing power to resolve it. The private or 'swimming pool' that resolves the puzzle, positions the subsequent block and wins a benefit too. And, how mining can prevent double-spending? Practically every 10 minutes, impressive deals are mined into a block. So, any disparity or illegitimacy is entirely dismissed.
For Bitcoins, mining is not mentioned in a conventional sense of the term. Bitcoins are mined by using cryptography. A hash function described as "double SHA-256" is used. However how tough is it to mine Bitcoins? This can be another inquiry. This depends a lot on the effort and computing power being used into mining. Another element worth pointing out is the software application procedure. For each 2016 blocks, problem involved in mining of Bitcoins is changed by itself just to keep the procedure. In turn, the rate of block generation is kept constant. A Bitcoin problem chart is an ideal procedure to show the mining trouble in time. The trouble level changes itself to increase or down in a straight proportional way, depending upon the computational power, whether it's being sustained or removed. As the variety of miners increase, portion of revenues been worthy of by the individuals decrease, everybody winds up with smaller sized pieces of the revenues.
Having private economies and neighborhoods, cryptocurrencies like Dogecoin, Namecoin or Peercoin, are called Altcoins. You can easily track your different cryptocurrency by using reputable portfolio trackers.These are options to Bitcoin. Practically like Bitcoins, these 'cousins' do have a substantial fan-following and enthusiasts who are eager to take a deep plunge into the big ocean and start to mine it. Algorithms used for Altcoin mining are either SHA-256 or Scrypt. Numerous other ingenious algorithms exist too. Alleviate, price and simpleness can render it possible to mine Altcoins on a PC or by using unique mining software application. Altcoins are a bit 'down to earth' compared to Bitcoins, yet changing them into huge dollars is a little challenging. Cryptocurrency enthusiasts can simply hope, if a few of them might witness the comparable huge popularity!
submitted by Katherine4512 to BitcoinBasic [link] [comments]

This is Why Dogecoin is Better than 'Altcoins-Degenerators'

This is Why Dogecoin is Better than 'Altcoins-Degenerators'
While large majority of the altcoins are being on a straight-down path, a coin that was made as a joke and seemingly has had no recent major development is proving store of value (SoV) properties.
Popular crypto researcher and analyst Willy Woo posted both on Twitter and website his opinion on the type of altcoins of interest to investors. Regardless how nuanced altcoins are, manifesting as protocol coins, utility tokens, security tokens, and non-fungible tokens, the only two types that are of relevance to an investor are: Oscillators and Degenerators.
To show both types, Woo provided a chart of the market.
https://preview.redd.it/xr1pb1w88nx31.png?width=900&format=png&auto=webp&s=513e3c9af7ddf8ffa414758221e5789cab84eb59
However, the great majority of all altcoins are Degenerators, says Woo. “Their price chart has a measurable half-life, like radioactive decay. Plotted on a log chart, it's a straight line down,” he explains, providing Namecoin (NMC) as an example.
On the other hand, there are only a few Oscillators, and one of the most surprising examples is Dogecoin (DOGE), initially made as a joke and now ranked 30th by its market capitalization (USD 326 million). How is a coin an Oscillator, I hear you ask. Woo says that Oscillators are proving SoV properties. “To qualify,” he adds, the coins “need to keep up with Bitcoin (BTC)/USD gains.” In order to find oscillators, plot a coin’s BTC value. It must oscillate around a horizontal line, for at least one full bull-bear cycle, which is around four years, but more than one cycle is better, the analyst explains.
One doesn’t need innovation and cutting edge technology to build value in their coin, says Woo. “These are monetary instruments, they build value with economic network effects.” He finds Dogecoin as an example of an altcoin with no particularly significant technology or smart contracts, nor has it solved some of the major issues in the crypto and blockchain world. If we look at its GitHub, we see the last activity recorded 5 months ago.
However, the researcher believes that Dogecoin achieved SoV due to the Lindy Effect. The Lindy Effect is one of the more interesting things you’ll come across in your daily life wherever you turn. It basically means that future life expectancy of a non-perishable thing is proportional to its current age – its mortality rate decreases with time. So, if a technology is six years old, like DOGE is, it’s expected to last six more. Next year it’ll be seven years old, and if the effect persists, its life expectancy will be that much longer. “An oscillator can always breakdown. Due to Lindy Effect, it becomes harder the longer it stays an oscillator,” Woo writes.
Furthermore, DOGE is listed on nearly all exchanges, it's supported by most wallets, and it has a liquid market, says Woo.
Another example Woo gave is DCBTC, which he finds to be at a critical stage as it’s about to complete its first full bull-bear cycle. “It needs to emerge cleanly holding its horizontal oscillation against BTC. Only then can we say it's achieving SoV properties.” On a question if all this means that all stablecoins are Degens, which would lead to a conclusion that all Fiat currencies are too, Woo replied with “Correct.”
submitted by CryptoHamstereu to u/CryptoHamstereu [link] [comments]

Here is what is currently HAPPENING!

If you missed any of the drama, here is what actually happened so far in the past few days
An altcoin which was created at 1st Aug was listed 2 days ago in the korean exchanges and as any new altcoin it was pumped by them and everyone got too excited and followed them ...
This resulted in a rapid increase in the mining profitability for the other chain after it adjusted the difficulty yesterday ... and miners started to jump in ...
That's what happened so far ... here is what is going to happen in the following days : hash power is far greater than the current difficulty ... as a result, about 36 new blocks are made / hour ... that is far more profitable than the bitcoin's mining ... until the next difficulty kicks in ( expected within 2 days at the current rate ), at this point the difficulty will adjust upwards exponentially resulting in a less profitable chain compared to the bitcoin ... miners will start to jump back to the btc chain leaving the other chain in a frozen state .. that actually happened before with namecoin
Here is a tweet from charlie lee confirming it https://twitter.com/SatoshiLite/status/899418458349228032
tl;dr miners only care about profitability
submitted by antonesamy to Bitcoin [link] [comments]

What Are Altcoins?

In 2008 the first cryptocurrency – Bitcoin – was born. From this moment the era of cryptocurrencies began. For a long time, Bitcoin was a unique digital currency. But nowadays there are many other crypto coins, commonly known as altcoins. These coins have their own blockchains, miners, and wallets.
The term itself (Altcoin) is an abbreviation for alternative coin. Bitcoin is traditionally considered the first and the main coin. All others are Bitcoin alternatives are called altcoins. They appeared in the desire of developers to improve the existing Bitcoin code and remove the following limitations and disadvantages of the BTC blockchain network:
Bitcoin has a large volume of blocks, which slowly calculate the necessary operations. The main goal was to create new algorithms in order to speed up the transaction time.
The developers of BTC encrypted the transactions well, but there was still a possibility to track the sender and the recipient. So many new altcoins use additional encryption methods (like proof of work, a combination of hashing algorithms in series and hashing algorithms in parallel and so on).
Bitcoin mining constantly becomes more complicated and each time requires the use of more and more resources to form new blocks in the blockchain. Altcoins use other types of protocols that significantly simplify the mining process and do not require special equipment.
The primary task of Bitcoin is to be a tool for settlement transactions. Altcoins have other extra functions, for example, the creation of a smart contract.
Among the other reasons for the creation of altcoins is the need for technological innovation. Each alternative coin created carries certain know-how that is able to solve specific problems. Also in today's world, cryptocurrency trading has become an integral part of the financial world, so the more altcoins options there are — the more opportunities there are for the investments. Finally, most developers need access to the blockchain technology. First of all, they are interested in a reliable data transmission system and the safe storage of important business information. To access this technology, they need to use altcoins.
The very first altcoin was Namecoin. It was created in 2011 to replace the domain name system of BTC in a decentralized way. Later in 2011 Litecoin come out and suddenly the gateways of the crypto-universe burst out with endless altcoins. Today there are thousands of alternative coins. Pretty impressive, huh?
The main problem of new altcoins is the lack of information about them. Beware of so-called scam coins. These are altcoins designed purely to make a lucre of your investments. Scam coins are dumped as soon as someone puts their money into it. So before investing in altcoins check out their functionality, learn more about the developers and broad market support.
Here the list of most popular and promising altcoins that you should pay attention to:
Ethereum is second by capitalization after BTC. It has also been second by the price rate among all crypto coins for a long time. ETH was created in 2015 as a platform for the development of smart contracts. Nowadays, the major part of ICOs is conducted on this platform.
A fork of Bitcoin, released on August 1, 2017. Unlike Bitcoin, it has a block with a size of 8 Mb.
The cryptocurrency with an additional level of encryption. It is the most popular payment method in the Darknet, which is why it is often criticized, blamed for serving criminal actions.
A platform for payment systems oriented on currency exchange operations. The Ripple protocol, developed by the company of the same name in 2012, is popular in the banking sector.
Altcoin serving the blockchain which is targeted on serving transactions in the framework of the Internet of Things.
To sum up, there are thousands of different altcoins in the crypto world. Some of them succeeded and are now at the peak of popularity. Some projects passed into oblivion. Nowadays altcoins are not just alternative coins to Bitcoin, but the next stage in the evolution of cryptocurrencies. The level of BTC domination is falling down every year and new projects with improved technological solutions and audacious concept will come to the crypto market. Their number will continue to increase and attract more investors. In the near future, we will see new applications for altcoins and new opportunities that the blockchain technology offers.
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Like and share this article if you find it useful. Want more interesting articles on the crypto world? Follow us on Medium, Twitter, Facebook, and Reddit to get Stealthex.io updates and the latest news about the crypto world. For all requests message us at [[email protected]](mailto:[email protected]).
submitted by Stealthex_io to CryptoCurrencies [link] [comments]

Blowing the lid off the CryptoNote/Bytecoin scam (with the exception of Monero) - Reformatted for Reddit

Original post by rethink-your-strategy on Bitcointalk.org here
This post has been reformatted to share on Reddit. What once was common knowledge, is now gone. You want a quality history lesson? Share this like wildfire.
August 15, 2014, 08:15:37 AM

Preamble

I'd like to start off by stating categorically that the cryptography presented by CryptoNote is completely, entirely solid. It has been vetted and looked over by fucking clever cryptographers/developers/wizards such as gmaxwell. Monero have had a group of independent mathematicians and cryptographers peer-reviewing the whitepaper (their annotations are here, and one of their reviews is here), and this same group of mathematicians and cryptographers is now reviewing the implementation of the cryptography in the Monero codebase. Many well known Bitcoin developers have already had a cursory look through the code to establish its validity. It is safe to say that, barring more exotic attacks that have to be mitigated over time as they are invented/discovered, and barring a CryptoNote implementation making rash decisions to implement something that reduces the anonymity set, the CryptoNote currencies are all cryptographically unlinkable and untraceable.
Two other things I should mention. I curse a lot when I'm angry (and scams like this make me angry). Second, where used my short date format is day/month/year (smallest to biggest).
If you find this information useful, a little donation would go a long way. Bitcoin address is 1rysLufu4qdVBRDyrf8ZjXy1nM19smTWd.

The Alleged CryptoNote/Bytecoin Story

CryptoNote is a new cryptocurrency protocol. It builds on some of the Bitcoin founding principles, but it adds to them. There are aspects of it that are truly well thought through and, in a sense, quite revolutionary. CryptoNote claim to have started working on their project years ago after Bitcoin's release, and I do not doubt the validity of this claim...clearly there's a lot of work and effort that went into this. The story as Bytecoin and CryptoNote claim it to be is as follows:
They developed the code for the principles expressed in their whitepaper, and in April, 2012, they released Bytecoin. All of the copyright messages in Bytecoin's code are "copyright the CryptoNote Developers", so clearly they are one and the same as the Bytecoin developers. In December 2012, they released their CryptoNote v1 whitepaper. In September 2013, they released their CryptoNote v2 whitepaper. In November 2013, the first piece of the Bytecoin code was first pushed to Github by "amjuarez", with a "Copyright (c) 2013 amjuarez" copyright notice. This was changed to "Copyright (c) 2013 Antonio Juarez" on March 3rd, 2014. By this juncture only the crypto libraries had been pushed up to github. Then, on March 4th, 2014, "amjuarez" pushed the rest of the code up to github, with the README strangely referring to "cybernote", even though the code referred to "Cryptonote". The copyrights all pointed to "the Cryptonote developers", and the "Antonio Juarez" copyright and license file was removed. Within a few days, "DStrange" stumbled across the bytecoin.org website when trying to mine on the bte.minefor.co.in pool (a pool for the-other-Bytecoin, BTE, not the-new-Bytecoin, BCN), and the rest is history as we know it. By this time Bytecoin had had a little over 80% of its total emission mined.

Immediate Red Flags

The first thing that is a red flag in all of this is that nobody, and I mean no-fucking-body, is a known entity. "Antonio Juarez" is not a known entity, "DStrange" is not a known entity, none of the made up names on the Bytecoin website exist (they've since removed their "team" page, see below), none of the made up names on the CryptoNote website exist (Johannes Meier, Maurice Planck, Max Jameson, Brandon Hawking, Catherine Erwin, Albert Werner, Marec Plíškov). If they're pseudonyms, then say so. If they're real names, then who the fuck are they??? Cryptographers, mathematicians, and computer scientists are well known - they have published papers or at least have commented on articles of interest. Many of them have their own github repos and Twitter feeds, and are a presence in the cryptocurrency community.
The other immediate red flag is that nobody, and I mean no-fucking-body, had heard of Bytecoin. Those that had heard of it thought it was the crummy SHA-256 Bitcoin clone that was a flop in the market. Bytecoin's claim that it had existed "on the deep web" for 2 years was not well received, because not a single vendor, user, miner, drug addict, drug seller, porn broker, fake ID card manufacturer, student who bought a fake ID card to get into bars, libertarian, libertard, cryptographer, Tor developer, Freenet developer, i2p developer, pedophile, or anyone else that is a known person - even just known on the Internet - had ever encountered "Bytecoin" on Tor. Ever. Nobody.

Indisputable Facts

Before I start with some conjecture and educated guesswork, I'd like to focus on an indisputable fact that obliterates any trust in both Bytecoin's and CryptoNote's bullshit story. Note, again, that I do not doubt the efficacy of the mathematics and cryptography behind CryptoNote, nor do I think there are backdoors in the code. What I do know for a fact is that the people behind CryptoNote and Bytecoin have actively deceived the Bitcoin and cryptocurrency community, and that makes them untrustworthy now and in the future. If you believe in the fundamentals in CryptoNote, then you need simply use a CryptoNote-derived cryptocurrency that is demonstrably independent of CryptoNote and Bytecoin's influence. Don't worry, I go into this a little later.
So as discussed, there were these two whitepapers that I linked to earlier. Just in case they try remove them, here is the v1 whitepaper and the v2 whitepaper mirrored on Archive.org. This v1/v2 whitepaper thing has been discussed at length on the Bytecoin forum thread, and the PGP signature on the files has been confirmed as being valid. When you open the respective PDFs you'll notice the valid signatures in them:
signature in the v1 whitepaper
signature in the v2 whitepaper
These are valid Adobe signatures, signed on 15/12/2012 and 17/10/2013 respectively. Here's where it gets interesting. When we inspect this file in Adobe Acrobat we get a little more information on the signature
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Notice the bit that says "Signing time is from the clock on the signer's computer"? Now normally you would use a Timestamp Authority (TSA) to validate your system time. There are enough public, free, RFC 3161 compatible TSAs that this is not a difficult thing. CryptoNote chose not do this. But we have no reason to doubt the time on the signature, right guys? crickets
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See these references from the v1 whitepaper footnotes? Those two also appear in the v2 whitepaperth. Neither of those two footnotes refer to anything in the main body of the v1 whitepaper's text, they're non-existent (in the v2 whitepaper they are used in text). The problem, though, is that the Bitcointalk post linked in the footnote is not from early 2012 (proof screenshot is authentic: https://bitcointalk.org/index.php?topic=196259.0)
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May 5, 2013. The footnote is referencing a post that did not exist until then. And yet we are to believe that the whitepaper was signed on 12/12/2012! What sort of fucking fools do they take us for?
A little bit of extra digging validates this further. The document properties for both the v1 whitepaper as well as the v2 whitepaper confirms they were made in TeX Live 2013, which did not exist on 12/12/2012. The XMP properties are also quite revealing
XMP properties for the v1 whitepaper
XMP properties for the v2 whitepaper
According to that, the v1 whitepaper PDF was created on 10/04/2014, and the v2 whitepaper was created on 13/03/2014. And yet both of these documents were then modified in the past (when they were signed). Clearly the CryptoNote/Bytecoin developers are so advanced they also have a time machine, right?
Final confirmation that these creation dates are correct are revealed those XMP properties. The properties on both documents confirm that the PDF itself was generated from the LaTeX source using pdfTeX-1.40.14 (the pdf:Producer property). Now pdfTeX is a very old piece of software that isn't updated very often, so the minor version (the .14 part) is important.
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pdfTeX 1.40.14 pushed to source repo on Feb 14, 2014
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This version of pdfTeX was only pushed to the pdfTeX source repository on February 14, 2014, although it was included in a very early version of TeX Live 2013 (version 2013.20130523-1) that was released on May 23, 2013. The earliest mentions on the Internet of this version of pdfTeX are in two Stack Exchange comments that confirm its general availability at the end of May 2013 (here and here).
The conclusion we draw from this is that the CryptoNote developers, as clever as they were, intentionally deceived everyone into believing that the CryptoNote whitepapers were signed in 2012 and 2013, when the reality is that the v2 whitepaper was created in March, 2014, and the v1 whitepaper haphazardly created a month later by stripping bits out of the v2 whitepaper (accidentally leaving dead footnotes in).
Why would they create this fake v2 whitepaper in the first place? Why not just create a v1 whitepaper, or not even version it at all? The answer is simple: they wanted to lend credence and validity to the Bytecoin "2 years on the darkweb" claim so that everyone involved in CryptoNote and Bytecoin could profit from the 2 year fake mine of 82% of Bytecoin. What they didn't expect is the market to say "no thank you" to their premine scam.

And Now for Some Conjecture

As I mentioned earlier, the Bytecoin "team" page disappeared. I know it exists, because "AtomicDoge" referred to it as saying that one of the Bytecoin developers is a professor at Princeton. I called them out on it, and within a week the page had disappeared. Fucking cowards.
That was the event that triggered my desire to dig deeper and uncover the fuckery. As I discovered more and more oddities, fake accounts, trolling, and outright falsehoods, I wondered how deep the rabbit hole went. My starting point was DStrange. This is the account on Bitcointalk that "discovered" Bytecoin accidentally a mere 6 days after the first working iteration of the code was pushed to Github, purely by chance when mining a nearly dead currency on a tiny and virtually unheard of mining pool. He has subsequently appointed himself the representative of Bytecoin, or something similar. The whole thing is so badly scripted it's worse than a Spanish soap opera...I can't tell who Mr. Gonzales, the chief surgeon, is going to fuck next.
At the same time as DStrange made his "fuck me accidental discovery", another Bitcointalk account flared up to also "accidentally discover this weird thing that has randomly been discovered": Rias. What's interesting about both the "Rias" and "DStrange" accounts are their late 2013 creation date (October 31, 2013, and December 23, 2013, respectively), and yet they lay dormant until suddenly, out of the blue, on January 20th/21st they started posting. If you look at their early posts side by side you can even see the clustering: Rias, DStrange.
At any rate, the DStrange account "discovering" Bytecoin is beyond hilarious, especially with the Rias account chiming in to make the discovery seem natural. Knowing what we unmistakably do about the fake CryptoNote PDF dates lets us see this in a whole new light.
Of course, as has been pointed out before, the Bytecoin website did not exist in its "discovered" form until sometime between November 13, 2013 (when it was last captured as this random picture of a college girl) and February 25, 2014 (when it suddenly had the website on it as "discovered"). This can be confirmed by looking at the captures on Wayback Machine: https://web.archive.org/web/*/http://bytecoin.org
The CryptoNote website, too, did not exist in its current form until after October 20, 2013, at which time it was still the home of an encrypted message project by Alain Meier, a founding member of the Stanford Bitcoin Group and co-founder of BlockScore. This, too, can be confirmed on Wayback Machine: https://web.archive.org/web/*/http://cryptonote.org
~It's hard to ascertain whether Alain had anything to do with CryptoNote or Bytecoin. It's certainly conceivable that the whitepaper was put together by him and other members of the Stanford Bitcoin Group, and the timeline fits, given that the group only formed around March 2013. More info on the people in the group can be found on their site, and determining if they played a role is something you can do in your own time.~
Update: Alain Meier posted in this thread, and followed it up with a Tweet, confirming that he has nothing to do with CryptoNote and all the related...stuff.

Batshit Insane

The Bytecoin guys revel in creating and using sockpuppet accounts. Remember that conversation where "Rias" asked who would put v1 on a whitepaper with no v2 out, and AlexGR said "a forward looking individual"? The conversation took place on May 30, and was repeated verbatim by shill accounts on Reddit on August 4 (also, screenshot in case they take it down).
Those two obvious sockpuppet/shill accounts also take delight in bashing Monero in the Monero sub-reddit (here are snippets from WhiteDynomite and cheri0). Literally the only thing these sockpuppets do, day in and day out, is make the Bytecoin sub-reddit look like it's trafficked, and spew angry bullshit all over the Monero sub-reddit. Fucking batshit insane - who the fuck has time for that? Clearly they're pissy that nobody has fallen for their scam. Oh, and did I mention that all of these sockpuppets have a late January/early February creation date? Because that's not fucking obvious at all.
And let's not forget that most recently the sockpuppets claimed that multi-sig is "a new revolutionary technology, it was discovered a short time ago and Bytecoin already implemented it". What the actual fuck. If you think that's bad, you're missing out on the best part of all: the Bytecoin shills claim that Bytecoin is actually Satoshi Nakamoto's work. I'm not fucking kidding you. For your viewing pleasure...I present to you...the Bytecoin Batshit Insane Circus:
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https://bitcointalk.org/index.php?topic=512747.msg8354977#msg8354977
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Seriously. Not only is this insulting as fuck to Satoshi Nakamoto, but it's insulting as fuck to our intelligence. And yet the fun doesn't stop there, folks! I present to you...the centerpiece of this Bytecoin Batshit Insane Circus exhibit...
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Of course! How could we have missed it! The clues were there all along! The CryptoNote/Bytecoin developers are actually aliens! Fuck me on a pogostick, this is the sort of stuff that results in people getting committed to the loony bin.
One last thing: without doing too much language analysis (which is mostly supposition and bullshit), it's easy to see common grammar and spelling fuck ups. My personal favorite is the "Is it true?" question. You can see it in the Bytecoin thread asking if it's Satoshi's second project, in the Monero thread asking if the Monero devs use a botnet to fake demand, and in the Dashcoin thread confirming the donation address (for a coin whose only claim is that they copy Bytecoin perfectly, what the fuck do they need donations for??).

Layer After Layer

One of the things that happened soon after the Bytecoin "big reveal" was a string of forks popping up. The first was Bitmonero on April 18. Fantomcoin was launched May 6. Quazarcoin was launched May 8. HoneyPenny was announced on April 21, although only launched as Boolberry on May 17. duckNote was launched on May 30. MonetaVerde as launched June 17.
Now for some reason unbeknownst to anyone with who isn't a retarded fuckface, the Bytecoin code was pushed up to SourceForge on 08/04/2014 (the "Registered" date is at the bottom of the page). I have no idea why they did this, maybe it's to try and lend credence to their bullshit story (oh hey, look how old Bytecoin is, it's even on Sourceforge!)
Coincidentally, and completely unrelated (hurr durr), Quazarcoin, Fantomcoin, and Monetaverde are all also on Sourceforge. This gives us a frame of reference and a common link between them - it's quite clear that at least these three are run by the same team as CryptoNote. There is further anecdotal evidence that can be gathered by looking at the shill posts in the threads (especially the way the Moneteverda shills praise merge mining, in a way that is nearly fucking indistinguishable from the Bytecoin praise for multi-sig technology).
QuazarCoin is a special case and deserves a little attention. Let's start with OracionSeis, who launched it. He's well known on Bitcointalk for selling in-game currencies. In that same thread you'll notice this gem right at the end from Fullbuster: "Hey,OracionSeis is no longer under my use so please https://bitcointa.lk/threads/selling-most-of-the-game-currencies.301540/#post-5996983 come into this thread! thank you !" Click through to his new link and Fullbuster clarifies: "Hello, I may look new around here but i've sold my first account and created new one and i have an intention to keep the same services running as my first account did." So now that we know that OracionSeis is a fucking bought account, we can look at his actions a little more critically.
On May 7, just when Monero was being taken back by the community (see below), OracionSeis out of the blue decided to take it overelaunch it himself. This included a now-defunct website at monero.co.in, and a since-abandoned Github. The community pushed back hard, true to form, with hard-hitting statements such as "To reiterate, this is not the original devs, and thus not a relaunch. OP, fuck you for trying this. This should warrant a ban." A man after my own heart. OracionSeis caved and decided to rename it to...QuazarCoin, which launched on May 8. To recap: bought account, launched by trying to "relaunch" Monero, got fucked up, renamed it to QuazarCoin. Clearly and undeniably goes in our pile of fuckface coins.
The other three are a little more interesting. Let's start with ~fuckNote~duckNote. It's hard to say if duckNote is a CryptoNote/Bytecoin project. The addition of the HTML based wallet is a one-trick pony, a common thread among most of the CryptoNote/Bytecoin controlled coins, but that could also be the result of a not-entirely-retarded developer. Given the shill posts in the duckNote thread I'm going to flag it as possibly-controlled-by-the-fuckface-brigade.
And now we come to ~HoneyPenny~ ~MoneyPenny~ ~HoneyBerry~ ~Boolean~ Boolberry. This is an interesting one. This was "pre-announced" on April 21, although it was only released with the genesis block on May 17. This puts it fourth in line, after Fantomcoin and Quazarcoin, although fucktarded proponents of the shittily-named currency insist that it was launched on April 21 because of a pre-announcement. Fucking rejects from the Pool of Stupidity, some of them. At any rate, "cryptozoidberg" is the prolific coder that churned out a Keccak-derived PoW (Wild Keccak) in a month, and then proceeded to add completely fucking retarded features like address aliasing that requires you to mine a block to get an address (lulz) and will never cause any issues when "google" or "obama" or "zuckerberg" want their alias back. Namecoin gets around this by forcing you to renew every ~200 - 250 days, and besides, nobody is making payments to microsoft.bit. This aliasing system is another atypical one-trick-pony that the CryptoNote developers push out and claim is monumental and historical and amazing.
There's also the matter of cryptozoidberg's nickname. In the Bytecoin code there's the BYTECOIN_NETWORK identifiert, which according to the comment is "Bender's nightmare" (hurr durr, such funny, 11100111110001011011001210110110 has a 2 in it). Now this may be a little bit of conjecture, yo, but the same comment appears twice in the "epee" contributed library, once in the levin signature, and again in the portable storage signature. The contexts are so disconnected and different that it would be a fucking stretch to imagine that the same person did not write both of these. We can also rule out this being a Bytecoin-specific change, as the "Bender's nightmare" comments exist in the original epee library on githubw (which is completely unused anywhere on the planet except in Bytecoin, most unusual for a library that has any usefulness, and was first committed to github on February 9, 2014).
We know from the copyright that Andrey N. Sabelnikov is the epee author, and we can say with reasonable certainty that he was involved in Bytecoin's creation and is the dev behind Boolberry. Sabelnikov is quite famous - he wrote the Kelihos botnet code and worked at two Russian security firms, Microsoft took him to court for his involvement (accusing him of operating the botnet as well), and then settled with him out of court on the basis of him not running the botnet but just having written the code. Kelihos is a botnet that pumped out online pharmacy spam (you know the fucking annoying "Y-ou Ne3D Vi-4Gra!?" emails? those.) so it's good to see he transitioned from that to a cryptocurrency scam. Regardless of BBR's claim to have "fixed" CryptoNote's privacy (and the fake fight on Bitcointalk between the "Bytecoin devs" and cryptozoidberg), it's clear that the link between them is not transparent. BBR is either the brainchild of a spam botnet author that worked on Bytecoin, or it's the CryptoNote developers trying to have one currency distanced from the rest so that they have a claim for legitimacy. I think it's the second one, and don't want to enter into a fucking debate about it. Make up your own mind.
Which brings us to the oddest story of the bunch: Bitmonero. It's pretty clear, given its early launch date and how unfamiliar anyone was with creating a genesis block or working in completely undocumented code, that thankful_for_today is/was part of the CryptoNote developers. He made a fatal error, though: he thought (just like all the other cryptocurrencies) that being "the dev" made him infallible. Ya know what happened? He tried to force his ideas, the community politely said "fuck you", and Bitmonero was forked into Monero, which is leading the pack of CryptoNote-based coins today. Let me be perfectly fucking clear: it doesn't matter that the Bytecoin/CryptoNote developers know their code and can push stuff out, and it doesn't matter that Sabelnikov can shovel bullshit features into his poorly named cryptocurrency, and it doesn't matter that Monetaverde is "green" and has "merged mining". Nobody working behind these cryptocurrencies is known in the cryptocurrency community, and that alone should be a big fucking red flag. Monero is streets ahead, partly because of the way they're developing the currency, but mostly because the "core devs" or whatever they're called are made up of reasonably well-known people. That there are a bunch of them (6 or 7?) plus a bunch of other people contributing code means that they're sanity checking each other.
And, as we saw, this has fucking infuriated the Bytecoin/CryptoNote developers. They're so angry they waste hours and hours with their Reddit accounts trawling the Monero sub-reddit, for what? Nobody has fallen for their scam, and after my revelation today nobody fucking will. Transparency wins, everything else is bullshit.
As pointed out by canonsburg, when the Bytecoin/CryptoNote people realised they'd lost the fucking game, they took a "scorched earth" approach. If they couldn't have the leading CryptoNote coin...they'd fucking destroy the rest by creating a shit-storm of CryptoNote coins. Not only did they setup a thread with "A complete forking guide to create your own CryptoNote currency", but they even have a dedicated website with a fuckton of JavaScript. Unfortunately this plan hasn't worked for them, because they forgot that nobody gives a fuck, and everyone is going to carry on forking Bitcoin-based coins because of the massive infrastructure and code etc. that works with Bitcoin-based coins.
There are a bunch of other useless CryptoNote coins, by the way: Aeon, Dashcoin, Infinium-8, OneEvilCoin. We saw earlier that Dashcoin is probably another CryptoNote developer driven coin. However, this entire group is not really important enough, nor do they have enough potential, for me to give a single fuck, so make up your own mind. New CryptoNote coins that pop up should be regarded with the utmost caution, given the bullshit capabilities that we've already seen.

All Tied Up in a Bow

I want to cement the relationship between the major CryptoNote shitcoins. I know that my previous section had a lot of conjecture in it, and there's been some insinuation that I'm throwing everyone under the bus because I'm raging against the machine. That's not my style. I'm more of a Katy Perry fan..."you're going to hear me roar". There were some extra links I uncovered during my research, and I lacked the time to add it to this post. Thankfully a little bit of sleep and a can of Monster later have given me the a chance to add this. Let's start with an analysis of the DNS records of the CN coins.
If we look at the whois and DNS records for bytecoin.org, quazarcoin.org, fantomcoin.org, monetaverde.org, cryptonote.org, bytecoiner.org, cryptonotefoundation.org, cryptonotestarter.org, and boolberry.com, we find three common traits, from not-entirely-damming to oh-shiiiiiiit:
  1. There's a lot of commonality with the registrar (NameCheap for almost all of them), the DNS service (HurricaneElectric's Free DNS or NameCheap's DNS), and with the webhost (LibertyVPS, QHosteSecureFastServer.com, etc.)
  2. All of the CN domains use WhoisGuard or similar private registration services.
  3. Every single domain, without exception, uses Zoho for email. The only outlier is bitmonero.org that uses Namecheap's free email forwarding, but it's safe to disregard this as the emails probably just forward to the CryptoNote developers' email.
The instinct may be to disregard this as a fucking convenient coincidence. But it isn't: Zoho used to be a distant second go Google Apps, but has since fallen hopelessly behind. Everyone uses Google Apps or they just use mail forwarding or whatever. With the rest of the points as well, as far-fetched as the link may seem, it's the combination that is unusual and a dead giveaway of the common thread. Just to demonstrate that I'm not "blowing shit out of proportion" I went and checked the records for a handful of coins launched over the past few months to see what they use.
darkcoin.io: mail: Namecheap email forwarding, hosting: Amazon AWS, open registration through NameCheap monero.cc: mail: mail.monero.cc, hosting: behind CloudFlare, open registration through Gandi xc-official.com: mail: Google Apps, hosting: MODX Cloud, hidden registration (DomainsByProxy) through GoDaddy blackcoin.io: mail: Namecheap email forwarding, hosting: behind BlackLotus, open registration through NameCheap bitcoindark.org: mail: no MX records, hosting: Google User Content, open registration through Wix viacoin.org: mail: mx.viacoin.org, hosting: behind CloudFlare, closed registration (ContactPrivacy) through Hostnuke.com neutrinocoin.org: mail: HostGator, hosting: HostGator, open registration through HostGator
There's no common thread between them. Everyone uses different service providers and different platforms. And none of them use Zoho.
My next check was to inspect the web page source code for these sites to find a further link. If you take a look at the main CSS file linked in the source code for monetaverde.org, fantomcoin.org, quazarcoin.org, cryptonotefoundation.org, cryptonote-coin.org, cryptonote.org, bitmonero.org, and bytecoiner.org, we find a CSS reset snippet at the top. It has a comment at the top that says "/* CSS Reset /", and then where it resets/sets the height it has the comment "/ always display scrollbars */". Now, near as I can find, this is a CSS snipped first published by Jake Rocheleau in an article on WebDesignLedger on October 24, 2012 (although confusingly Google seems to think it appeared on plumi.de cnippetz first, but checking archive.org shows that it was only added to that site at the beginning of 2013). It isn't a very popular CSS reset snippet, it got dumped in a couple of gists on Github, and translated and re-published in an article on a Russian website in November, 2012 (let's not go full-blown conspiritard and assume this links "cryptozoidberg" back to this, he's culpable enough on his own).
It's unusual to the point of being fucking impossible for one site to be using this, let alone a whole string of supposedly unrelated sites. Over the past few years the most popular CSS reset scripts have been Eric Meyer's "Reset CSS", HTML5 Doctor CSS Reset, Yahoo! (YUI 3) Reset CSS, Universal Selector ‘’ Reset, and Normalize.css, none of which contain the "/ CSS Reset /" or "/ always display scrollbars */" comments.
You've got to ask yourself a simple question: at what point does the combination of all of these fucking coincidental, completely unusual elements stop being coincidence and start becoming evidence of a real, tenable link? Is it possible that bytecoin.org, quazarcoin.org, fantomcoin.org, monetaverde.org, cryptonote.org, bytecoiner.org, cryptonotefoundation.org, cryptonotestarter.org, and boolberry.com just happen to use similar registrars/DNS providers/web hosts and exactly the fucking same wildly unpopular email provider? And is it also possible that monetaverde.org, fantomcoin.org, quazarcoin.org, cryptonotefoundation.org, cryptonote-coin.org, cryptonote.org, and bytecoin.org just happen to use the same completely unknown, incredibly obscure CSS reset snippet? It's not a conspiracy, it's not a coincidence, it's just another piece of evidence that all of these were spewed out by the same fucking people.

The Conclusion of the Matter

Don't take the last section as any sort of push for Monero. I think it's got potential (certainly much more than the other retarded "anonymous" coins that "developers" are popping out like street children from a cheap ho), and I hold a bit of XMR for shits and giggles, so take that tacit endorsement with a pinch of fucking salt.
The point is this: Bytecoin's 82% premine was definitely the result of a faked blockchain. CryptoNote's whitepaper dates were purposely falsified to back up this bullshit claim. Both Bytecoin and CryptoNote have perpetuated this scam by making up fake website data and all sorts. They further perpetuate it using shill accounts, most notably "DStrange" and "Rias" among others.
They launched a series of cryptocurrencies that should be avoided at all cost: Fantomcoin, Quazarcoin, and Monetaverde. They are likely behind duckNote and Boolberry, but fuck it, it's on your head if you want to deal with scam artists and botnet creators.
They developed amazing technology, and had a pretty decent implementation. They fucked themselves over by being fucking greedy, being utterly retarded, being batshit insane, and trying to create legitimacy where there was none. They lost the minute the community took Monero away from them, and no amount of damage control will save them from their own stupidity.
I expect there to be a fuck-ton of shills posting in this thread (and possibly a few genuine supporters who don't know any better). If you want to discuss or clarify something, cool, let's do that. If you want to have a protracted debate about my conjecture, then fuck off, it's called conjecture for a reason you ignoramus. I don't really give a flying fuck if I got it right or wrong, you're old and ugly enough to make up your own mind.
tl;dr - CryptoNote developers faked dates in whitepapers. Bytecoin faked dates in fake blockchain to facilitate an 82% premine, and CryptoNote backed them up. Bytecoin, Fantomcoin, Quazarcoin, Monetaverde, Dashcoin are all from the same people and should be avoided like the fucking black plague. duckNote and Boolberry are probably from them as well, or are at least just fucking dodgy, and who the fuck cares anyway. Monero would have been fucking dodgy, but the community saved it. Make your own mind up about shit and demand that known people are involved and that there is fucking transparency. End transmission.
Just a reminder that if you found this information useful, a little donation would go a long way. Bitcoin address is 1rysLufu4qdVBRDyrf8ZjXy1nM19smTWd.
submitted by OsrsNeedsF2P to CryptoCurrency [link] [comments]

Three Laws of BTC Bull and Bear Cycle and Its Applications — Freezing Point Forecast — One

Three Laws of BTC Bull and Bear Cycle and Its Applications — Freezing Point Forecast — One
📷
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TOKEN Roll x FENBUSHI DIGITAL
Analyst: Song Shuangjie
Special Adviser: Shen Bo Rin
Guide:
The fourth price-rising cycle of BTC might commence around May 2019. The mainstream institutions join the game and ETF might be the driving force of the fourth round of price cycle.
Summary:
BTC has undergone three rounds of price cycles. ‘It is different this time’ has always been a terrible lesson for investors. The tokens, typical represented by BTC, are special in nature to other financial products, which makes it easily get mistaken that BTC will go up straightly and never decline. When the cycle power works, the asset price, which was thought to create a different history, will collapse. There are 3 major rules of the BTC price cycle:
A. BTC price cycle is closely related to its halving cycle. A complete BTC price cycle lasts for about four years. The price-rising section will commence one year ahead of the time before the output is halved. The BTC output was halved for the first time at the end of November 2012, and before that the BTC price touched the bottom in November 2011. The BTC output was halved for the second time in July 2016, as the BTC price touched the bottom in August 2015. As you can see, each time BTC output halving, is the start of a price-rising cycle, and the price speeding up begins with it.
B. BTC price fluctuation range decreases as market value increasing. The BTC’s (in circulation) market value varies with its price fluctuations, which means BTC’s price rising makes its market value increases, and the price fluctuation range decreases. It is similar to the historical process of other asset classes. During the first price cycle, the price of BTC rose by 10636 times which was the biggest gain, and the maximum drawdown was declined by 93.76%. During the second price cycle, the price of BTC rose by 623 times, and declined by 83.93% maximum. During the third price cycle, BTC rose by 98.57 times at most, the maximum declining has not been confirmed yet.
C. The innovation led by BTC is constantly evolving and more and more approved by the mainstream. From BTC to Altcoin, from Altcoin to Crowdsale, there are iconic innovations and applications in every price cycle. In the first cycle, the birth and gradual application of BTC was a landmark event. In the second cycle, with the re-emergence of BTC in 2013, the tide of the Altcoins was rampant, and a large number of Altcoins appeared. In the third cycle, Crowdsale began to be popular around the world, and many websites started to provide Crowdsale's news and discussion forum. Since 2017, Crowdsale has dominated the blockchain investment, far exceeding VCs and corporate investment. With the development of blockchain technology, the evolution of digital certification, the improvement of practitioners' awareness, and the evolution of government regulation, the innovation led by BTC has evolved and is more approved by the mainstream.
The third round of the price cycle might come to an end around May 2019, and followed by the fourth round of price cycle. The maximum rise in the BTC's fourth price-rising cycle will be smaller than last three cycles. BTC's increasing market value demands more capital. Digital token shall embrace supervision to absorb more institutional funds. ETF will be a viable solution. In the future, it will shift from Crowdsale to ETF, and from deregulation to embracing supervision.
Risk Tips: ETFs have put capital amount into this market less than that we expected. Quantum computer technology is advancing by leaps and bounds
Content
1 The First Round of Price Cycle .
2 The Second Round of Price Cycle
3 The Third Round of Price Cycle
4 Three Major Rules of BTC Price Cycle
4.1 BTC price cycle is closely related to its halving cycle
4.2 BTC price cycle is closely related to its halving cycle
4.3 BTC-led innovatioized by the mainstream
5 The new journey of BTC will Start in May 2019
List of Graphs
Graph 1: BTC Price Trend in The First Price Cycle (in USD)
Graph 2: BTC price trend in the second round of price cycle (in USD)
Graph 3: The number of tokens in 2013 has increased significantly Graph 4: BTC price trend in the third round of price cycle (in USD)
Graph 5: VIX index and BTC price are negatively correlated
Graph 6: Crowdsale has dominated blockchain investment since 2017 (millions of US dollars)
Graph 7: A large number of Crypto Funds were established in recent years.
Graph 8: ETH price trend (in USD)
Graph 9: ETH price is positively related to the size of Crowdsale financing
Graph 10: Lightning network capacity continues to grow
Graph 11: The number of lightning network channels continues to grow
Graph 12: The global Crowdsale growth rate slows down in 2018 .
Graph 13: Crowdsale’s fundraising has started to decline since 2018 .
Graph 14: Significant growth in venture capital in the blockchain sector in 2018
Graph 15: BTC block reward trend reduction
Graph 16: BTC price cycle and halving mechanism (in USD)
Graph 17: BTC market value scale trend increase
Graph 18: BTC price fluctuations become smaller
Graph 19: Admission to mainstream institutions has continued since the end of 2018
Graph 20: The third round of the price cycle may be completed around May 2019
Graph 21: The current stage of the price cycle has been probable more than half, and the downside space is limited
History doesn't repeat itself, but it does rhyme. --Mark Twain
‘It is different this time’ has always been a terrible lesson for investors. The tokens, typical represented by BTC, are special in nature to other financial products, which results in producing an idea, in some investors’ mind, that the price of BTC will go up straightly and never decline. When the cycle power works, the asset price, which was thought to create a different history, will collapse. No matter it is the A-share market of 2007 or the one of 2015, or any ‘bubble time’ in human history, the cycle power played its role. As far as BTC is concerned, its price has also experienced three rounds of cycles.
In addition, when the asset price is in a dark period of continuous decline and weak rebound, the power of the cycle also works. As long as it is a valuable asset, its price will eventually bounce back from the bottom. Opportunities have always been there, if you have an asset with high potential in hand. In the dark moments before dawn, the more you are afraid, the more you will be confused. At this time, you have to believe in the value investing. ‘Be fearful when others are greedy and be greedy when others are fearful’, not the other way around. That means, we shall invest reversely, buying undervalued assets gradually in the bottom region of price decline cycle; selling overvalued assets gradually in the top region of price-rising cycle; and following the trend in other time region of the cycle.
1 The First Round of Price Cycle
The first round of BTC price cycle lasted for 610 days, from March 2010 to November 2011, and in this cycle, BTC price rise rate was the highest of BTCs three price cycles.
The price rise stage of the first round of price cycle, from March 2010 to June 2011, lasted for 447 days. The starting price was 0.003 USD/piece, and the highest price was 31.91 USD/piece, the rise rate reached 10,636 times. The price decline section of the first round of price cycle, from June 2011 to November 2011, lasted for 163 days. In this price decline section, the starting price of BTC was $31.91 per piece, and the lowest price was $1.99 per piece. The decline rate was 94%.
On May 22, 2010, the famous BTC Pizza dealt. Laszlo Hanyecz from Jacksonville, FL, bought two pizzas with 10,000 BTCs. Each price ofBTC is less than 0.01US dollars.
In the first round of the price cycle, there is no explicit positive or negative factors causing BTC's price huge fluctuation. Fluctuations are more like in a “natural” situation. Before the first BTC bubble bursted in November 2011, its price was in a trend of increasing. The reason of rise was that the price base of BTC was very low. With the understanding of BTC gradually getting better, the demand increased, and then, the price rose. For example, June 2011, WikiLeaks and some organizations began accepting BTC donations.
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2 The Second Round of Price Cycle
The second round of BTC price cycle lasted for 1377 days, from November 2011 to August 2015, and in this cycle, the price of BTC exceeded gold for the first time.
The price rise stage of the second round of price cycle, from November 2011 to November 2013, lasted for 743 days. The starting price was $1.99 USD/piece, and the highest price was 1,242 USD/piece, the rise rate reached 623 times. The price decline section of the second round of price cycle. From November 2013 to August 2015, lasted for 634 days. In this price decline stage, the starting price of BTC was 1,242 USD per piece, and the lowest price was 199.57 USD per piece. The decline rate was 84%.
At the second price cycle, the range of application of BTC has been greatly expanded. In November 2012, WordPress began to accept BTC; and in October 2013, the world's first BTC ATM was deployed in a coffee shop in Vancouver where customers could buy and sell BTC. In November 2013, the University of Nicosia announced accepting BTC for tuition, the university's chief financial officer called it "gold of tomorrow"; In addition to some underground economy and gray economy began to accept BTC, BTC is also getting closer to daily life.
The success of BTC popularized altcoins. The first type of altcoin LTC (Litecoin) was created in October 2011, and it is the time when the BTC price came to the end of price decline. In 2011, Namecoin and SwiftCoin were born successively. In 2012, Bytecoin and Peercoin were issued, however, BTC was still in the stage of rising slowly from the bottom, and the market was not hot. Along with the re-emergence of BTC in 2013, the tide of the altcoins is rampant, and a large number of altcoins are issued. According to CoinMarketCap data, there were 66 kinds of altcoins at the end of 2013, while there were less than 10 at the beginning of the year.
The safe-haven properties of BTC are widely approved. BTC was a choice for people in many countries that are in crises. The residents flocked to BTC, hoping to maintain assets value through BTC. This phenomenon has occurred many times during the European debt crisis. For example, in early 2013, in order to get the bailout, the Cyprus government imposed taxes on deposits and imposed strict capital controls. In order to prevent property from shrinking, the Cypriot people rushed to bank runs and exchanged their currencies for BTC. The price of BTC quickly rose from 30 something to 265 US dollars.

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Due to the lack of supervision, BTC is often affected by negative events, which makes the market confidence in the danger of collapsing. In October 2013, the FBI seized approximately 26,000 BTCs from the Silk Road website, causing the BTC price to collapse to 110 US dollars. On December 5, 2013, the People's Bank of China banned the use of BTC by Chinese financial institutions, which made the price of BTC declined. In February 2014, Mt. Gox, the largest BTC exchange at the time, said that 850,000 BTCs of its customers were stolen, worth nearly 500 million US dollars, and BTC prices fell nearly half, from 867 to 439 US dollars.
The emergence of a large number of altcoins caused market bleeding. Since 2014, the number of altcoins has exploded. By August 2015, the number has reached 556, resulting in diversion of funds and market expansion. On May 1, 2013, BTC accounted for 94.29% of the market value of all tokens, and the market value of other tokens except the top 10 tokens was about 1%. By August 25, 2015, the proportion of BTC is about 83%, and the other tokens account for 4%, which is obvious.
No matter how magical token is, it is still a kind of asset. The mean return of value is a basic common sense of investment. The value will pull the price back to it, just like the gravity. The risk increases with the price rises, and the value appears when the price declines. In the rising section of this cycle, the price of BTC rose by 623 times, which is a great rise rate. When the price is too high, and the potential return in the future is insufficient, the attractiveness to new investors will fall, and the old investors will leave and look for more lucrative assets. Once the power of trend investors exhausted, the trend will reverse.
3 The Third Round of Price Cycle
The third round of price cycle of BTC is not over and is currently in the downward phase of the cycle. The price increased from August 2015 and lasted for 845 days till December 2017. The starting price of the price-rising cycle BTC was 199.57 USD/piece, and the highest price was close to 20,000 USD/piece. The rise rate is up to 99 times. Since December 2017, the price started to decline. The price has fallen to the lowest 3,191.30 US dollars up to now, a drop of 84%.
BTC networks expanded rapidly, and BTC has gained increasing recognition among legislators and traditional financial companies. Studies have shown that by November 2013, the commercialization of BTC is no longer driven by the underground economy, but by legitimate businesses. During this price cycle, people from more countries can get in touch with, select, trade and use BTC on a daily basis. In January 2016, Bitcoin computing capacity reached 1 exahash/S for the first time; In March 2016, the Japanese cabinet acknowledged that BTC has a function similar to real money. In 2017, Norway's largest online bank Skandiabanken integrated BTC accounts. In December 2017, Chicago Mercantile Exchange (CME) officially launched BTC futures, which is an important step for BTC to take toward mainstream investment. In October 2018, Fidelity launched its independent subsidiary Fidelity Digital Asset Services to provide digital asset services to institutional customers. In December 2018, the first round of financing was completed by the token exchange Bakkt launched by the Intercontinental Exchange. In February 2019, Nasdaq officially launched - Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX)- two indexes. The pension fund of US invests in the encryption fund, the mainstream organization is accelerating, and the relevant infrastructure is gradually improved.
BTC has become a risky asset. Under the current “three lows” environment - low interest rates, low spreads and low volatility, investors are seeking high returns, which leads to excessive financial risk behaviors and complacency, investors' risk appetite, and high leverage tools and the acceptance of high-risk products has increased, arbitrage transactions have prevailed, liquidity mismatches have been severe, and the overall market is fragile. As the results we can see that, the price of BTC is increasingly correlated with the VIX index (Chicago Options Exchange Volatility Index). A lower VIX index indicates that investors expect less volatility, while a higher VIX indicates higher expected volatility. The lower VIX index indicates that investors are optimistic about S&P 500, while the higher VIX means that investors are uncertain about the market outlook. When market volatility declines, investors buy stocks and other types of risk assets, when the market volatility rises, investors sell risky assets.
Risk assets will be dumped when risk appetite reduces panic market. BTC bid farewell to the nature of safe-haven assets and become a risky asset. Since December 2017, with the decline of the VIX index, the price of BTC rises, and the price of BTC is negatively correlated with the VIX index. At the beginning of 2018, the VIX index skyrocketed and BTC fell rapidly. In October 2018, the global market risk aversion trend increased, the VIX index went up, and the BTC price also fell sharply.

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Crowdsale has become the main financing method in the blockchain field. Crowdsale was born in the second round of the price cycle, Mastercoin did the world's first Crowdsale in July 2013. In 2014, Ethereum also raised funds through Crowdsale, when the price of ETH was less than 0.22 USD per piece. After 2016, when it is in the third price cycle, Crowdsale is popular around the world, and many websites began to provide information and discussion communities for Crowdsale. From a global perspective, Crowdsale has dominated the blockchain investment since 2017, far exceeding VCs and corporate investment. In 2017, Crowdsale raised 7.4 billion US dollars, and in the first half of 2018, Crowdsale Raised 12 billion US dollars.
The Crypto Fund emerged. Along with the Crowdsale boom, a large number of Crypto Funds were created. The number of Crypto Funds newly established in 2017 was nearly 200, far exceeding the total amount of the Crypto funds created in previous years, which fully demonstrated that, with the rise in the price of the token, the enthusiasm of funds to blockchain field is high.

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The rise of blockchain 2.0, the Crowdsale tide pushed ETH up nearly 10,000 times. In the third round of the BTC (Token) price cycle, the biggest star is not BTC, but ETH. Crowdsale after 2016, issued tokens mainly through Ethereum, which represented the rise of ETH in the blockchain 2.0 era. Crowdsale prosperity boosted the rise of ETH. On January 13, 2018, the price of ETH rose to a peak of 1,432.88 US dollars per piece, which is 6512 times rise rate comparing to its initial price.
The ETH price has a significant positive correlation with the growth rate of Crowdsale financing. The growth rate of Crowdsale financing decreased by 69.23% in 2015, the price of ETH decreased by 66.30% in the same year. In 2016, the growth rate of Crowdsale financing increased by 2737.5%, and ETH increased by 753.74%. In 2017, the growth rate of Crowdsale financing increased by 3,159.91%, and ETH rose by 8809.91%.

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Plan for public blockchain performance improvement emerged, and significant progress were made in lightning network. With the popularization of blockchains, the congestion of BTC and other public chains has gradually emerged, and performance has become one of the bottlenecks in the blockchain industry. In 2018, the performance-improvement plan of the public blockchain emerged. Improvements were made to the difference in blockchain logical architecture, including on-chain capacity expansion schemes by improving consensus mechanism and sharing, and off-chain capacity expansion schemes by status channel, sidechain, off-chain computing, and Layer 0 expansion scheme that enhance the scalability of the blockchain by optimizing the underlying data transmission protocol of the blockchain. Since the main net of BTC lightning network goes live, the number and capacity of channels have been increasing. As of March 10, 2019, the capacity has reached 790 BTC, and the number of channels has reached 35,464.

https://preview.redd.it/qfgryviow7531.png?width=660&format=png&auto=webp&s=59f8f45fb4320fcbf1dff1b50925cb9a8bfb9a7a
Note: The Unique channel refers to the channel that is directly connected to the node for the first time, and the Duplicate channel refers to the channel between the nodes that have been connected.
The standardization of the token is promoted. On January 22, 2018, South Korea required all BTC dealers to disclose their identity, thereby prohibiting anonymous trading of BTC. During the first quarter of 2018, Facebook, Google and Twitter prohibited the promotion of Crowdsale, while the US Securities and Exchange Commission investigated a large number of Crowdsale projects, and issued bans to some Crowdsale projects. Regardless of the government's attitude towards the token, it is committed to incorporating the token into the regulatory framework for legal compliance.
The Crowdsale bubble bursted and the magical story is no longer magical. According to incomplete statistics, in 2017, 871 Crowdsale were completed in the world. These projects involved directions as distributed analogous Facebook, twitter, amazon, and next-generation public chain (blockchain 3.0), etc. These projects have raised a large amount of funds, but the actual operating is worrying. The promotion of the project dissipated a large amount of funds, but the actual development progress was far less than expected, resulting in the market's expectation failure and the diversion of funds from the mainstream token. Superimposed the impact of more and more negative news, technical adjustment requirements and market sentiment fluctuation. The market enters a negative cycle, as the decline begins.

https://preview.redd.it/s51gsunpw7531.png?width=677&format=png&auto=webp&s=f3a2e01c57eece54c9d442b141194faec083350a
In 2018, there has been rapid growth in venture capital in the blockchain sector, indicating that venture capital still have good expectations about the application and future prospects of the blockchain. According to Coindesk data, the risk investment in the blockchain sector in 2018 reverse the decline of 2017, year-on-year increase of 257%, and the total amount for the year 2018 reached 3.1 billion US dollars.

https://preview.redd.it/7bujn1fqw7531.png?width=452&format=png&auto=webp&s=5719239aa4f3447b4320ea47dbe88eec766cdcae
BTC peaked first. In terms of time, in the third round of the price cycle, the first to peak is BTC, which reached 19,870.62 USD per piece in December 2017. The peak of ETH happened later than BTC, in January 2018. EOS did not peak until April. The important reason for BTC to peak first is that the amount of funds needed to support the BTC market value scale is the largest. When the market’s ability to carry on is not enough, it is inevitable for the price of BTC to react first.
4 Three Major Rules of BTC Price Cycle
The price cycle of BTC has obvious regularity, and some unchanging factors determine the price fluctuation of BTC.
4.1 BTC price cycle is closely related to its halving cycle
One full BTC price cycle lasts approximately four years. In the first round of price cycles, the measure of time span is not reliable because of the availability of BTC trading prices. The second round of the price cycle lasted for 1,377 days, from November 2011 to August 2015, about four years.
The price-rising cycle of BTC is closely related to its halving period, and the price-rising cycle starts one year before each halving. At the end of November 2012, the first production of BTC was halved, that is, the number of BTC generated by each block was 25, and in November 2011, the price of BTC has bottomed out, and the halving of BTC is one year after the second price-rising cycle. In July 2016, production of BTC was halved the second time, that is, the number of BTC generated by each block was 12.5. In August 2015, BTC had already bottomed out, and BTC's production was reduced again one year after the third price-rising cycle started.

https://preview.redd.it/9529268rw7531.png?width=445&format=png&auto=webp&s=fe1050eefe6d70403ddcdc053bdbccb0bc47818f
BTC output halving blows the horn of each price-rising cycle, and the price speeding up begin. Although it is not BTC output halving that brings the price-rising cycle, but the halving of BTC output significantly reduced the growth rate of BTC supply, speeding up the rise of BTC price and the price-rising cycle. From November 2011 to November 2012, before the halving of BTC output, BTC increased by 6.74 times in one year. From November 2012 to November 2013, BTC price increased by 99.57 times. In the third price-rising cycle, BTC price rose by a maximum of 2.87 times in about 11 months before the production cut. After halving, BTC price rose by a maximum of 29.73 times in about 11 months.

https://preview.redd.it/dft83mprw7531.png?width=687&format=png&auto=webp&s=82014d03eaee7136a6995a1b2df1faa9d22c6a5f
4.2 BTC price cycle is closely related to its halving cycle
The change in the market value scale of BTC (circulation) is mainly caused by its price fluctuations, and has little to do with the changes in the total amount of BTC output. According to CMC data, by April 28, 2013, the total amount of BTC that had been mined was about 11.18 million pieces, which is more than 53% of the total amount of BTC of 21 million pieces. The halving mechanism of BTC also accelerated the marginal decline of BTC total growth rate. Compared with the amount of BTC already mined, the new supply of BTC is very insignificant. In addition, the volatility of BTC prices far exceeds the volatility of BTC's total output, and the market value of BTC fluctuates with its price.
The market value of BTC has increased in trend. Because of the trend of BTC price-rising, the number of BTC total output has also increased in one direction, and the market value of BTC has increased in the long run. According to CMC data, on April 28, 2013, BTC's market value in circulation was only 1.5 billion US dollars. By the peak of the third price-rising cycle, the market value increased to 326.1 billion US dollars, and the current market value also reached 113.8 billion US dollars, increased by 74.87 times.
The price volatility of BTC is gradually getting smaller. With the increasing of BTC market value in trend, the BTC market is becoming more and more mature, more and more accepted by the public, more and more professional organizations are participating, the compliance operation is becoming mainstream, and the BTC price volatility is decreasing. Similar to the historical process of other asset classes, and the same thing is repeated again and again. In the first price cycle, the price of BTC increased by 10636 times, and the fell by 93.76% maximum. In the second price cycle, the price of BTC increased by 623 times, and fell by 83.93% maximum. In the third price cycle, the maximum increase of BTC price was 98.57 times, and the biggest decline has not been confirmed

https://preview.redd.it/kmk5qeesw7531.png?width=674&format=png&auto=webp&s=bf9d8fd61b833c87c3f859a3bf0f4f63b9c0ff88
4.3 BTC-led innovation continues to evolve and is more and more recognized by the mainstream
From BTC to Altcoin, from Altcoin to Crowdsale, there are iconic innovations and applications in every price cycle. In the first cycle, the birth and gradual application of BTC was a landmark event. In the second cycle, with the re-emergence of BTC in 2013, the tide of the Altcoins was rampant, and a large number of Altcoins appeared. In the third cycle, Crowdsale began to be popular around the world, many websites started to provide Crowdsale's news and discussion forum. Since 2017, Crowdsale has dominated the blockchain investment, far exceeding VCs and corporate investment.
The original intention of Nakamoto to create BTC is to establish a more efficient means of trading that can be electronically transferred in a safe, verifiable and non-tamperable form. During the early days of bitcoin and blockchain development, this drove the development of most applications of BTC and blockchain. However, with the development of blockchain technology, the evolution of digital token, the recognition of practitioners, and the evolution of government regulation, the changes led by BTC continue to evolve and gain more mainstream recognition.
More and more countries recognize that the blockchain reflects its unique value in many fields. The government has gradually incorporated digital token into regulation, and mainstream institutions are increasingly recognizing BTC. In 2017, the Chicago Mercantile Exchange (CME) officially launched BTC futures, as BTC took an important step toward mainstream investment, improving the accessibility of BTC to traditional financial institutions. In March 2017, Cameron's Cliveworth and Taylor W. Crawworth brothers attempted to submit an application to the US Securities and Exchange Commission for BTC ETF (transactional open-ended index fund). Although on September 22, 2018, US Securities and Exchange Commission rejected nine BTC ETF applications, the approval of BTC ETF application is a high probability event in the long run. With the continuous improvement of related infrastructure and the gradual maturity of the market, the pace of institutional entry has shown signs of acceleration. Since the end of 2018, news about the organization of encrypted assets by mainstream institutions has continued.

https://preview.redd.it/pf0u2patw7531.png?width=349&format=png&auto=webp&s=eb603172001520e62eee309e8d37df44c4f8bad9
5 The new journey of BTC will Start in May 2019
The fourth price-rising cycle of BTC will start in May 2019, and mainstream institutions will enter the market, while ETF may become the core trend of the fourth round of BTC price cycle.
From the perspective of supply, the third halving of BTC begins around May 21, 2020. The price-rising cycle of BTC is closely related to its halving period. The price-rising cycle starts about one year before halving. From this perspective, the BTC price-rising cycle may be opened around May 2019.

https://preview.redd.it/29dzwhwtw7531.png?width=695&format=png&auto=webp&s=7e69a27442cd093611027fd067cb4bbd784cb2b0
From the time dimension, the complete BTC price cycle lasts for about four years. The third round of the price cycle, which started in August 2015, will be completed around August 2019, and the fourth round of the price cycle of BTC will begin thereafter. Considering that the data in the second round of the price cycle is more reliable, only the second round of price cycle data is used as the measurement standard, the complete price cycle is 1377 days, about 3 years and 9 months, and the third round price cycle may end around May 2019.
Combined with the previous two BTC price cycles, the downturn phase of the current price cycle has been probably more than half, and further downside space is limited. In the first two rounds of the price cycle, the duration of the downlink phase is less than the duration of the uplink phase. The duration of the third phase of the price cycle has been confirmed (845 days), while the duration of the downturn phase has been more than half of the upstream phase (450 days). From the first two rounds of the price cycle, the rapid decline in prices occurred in the early stage of the downtrend phase. The price fluctuations of BTC in the second half of the downturn phase have been significantly reduced. The BTC price declines reached 61% in the first half and 74% in the second round of the price cycle, and the corresponding maximum declines in BTC were 94% and 84% respectively. In the current round of the price cycle, the biggest drop has reached 84%, so take it from now, even if the price is further down, the downside space is already limited.
https://preview.redd.it/kra7vduuw7531.png?width=684&format=png&auto=webp&s=4f1eda32d42a15b4e34ebfa5dbdaee78065ab110
Note: The data of the third round of the price cycle and the total duration are up to March 12, 2019.
From the price dimension, the downside space of the current round of BTC prices is limited, and the maximum increase of BTC's fourth price-rising cycle will become smaller. In the first price cycle, the price of BTC increased by 10636 times, and fell by 93.76% maximum. In the second price cycle, the price of BTC increased by 623 times, and fell by 83.93% maximum. In the third price cycle, the maximum increase of BTC price was 98.57 times, and the biggest decline has not been confirmed. On February 6, 2018, BTC fell to a minimum of 3,191.30 US dollars per piece, drop by 84.07%, has reached the low of second round of price cycle, from the perspective of price adjustment, BTC price downside has been more limited. The maximum increase in the fourth price-rising cycle of BTC will be smaller.
From the perspective of risk, after a year of continuous adjustment, BTC prices have fully fallen, risks have been gradually released, and investor’s risk appetite has risen to create favorable conditions for BTC prices to stabilize. Beginning at the end of December 2018, the VIX index has fallen, and now it has reached 15 or below. The investor's risk appetite has gradually picked up, creating favorable conditions for the BTC price to rise stably.
Last but not least, from the perspective of capital, the mainstream institutions accelerated their entry and many positive signals were released. With the continuous improvement of related infrastructure and the gradual maturity of the market, the pace of institutional entry has shown signs of acceleration. Since 2018, on the one hand, the entry of mainstream institutions can bring incremental funds to the entire market, on the other hand, it also contributes to the formal development of the entire industry.
The value of the BTC's market value in circulation continues to increase, and the digital token embraces regulation. It is expected that the ETF will be the core trend in the fourth price cycle. As the value of the BTC and digital token market increases, their use will be more tied-up to legitimate use than illegal activities. According to the US Drug Enforcement Administration (DEA) data, only 10% of the current BTC transactions is related to illegal activities and 90% is used for legal transactions. BTC's increasingly large market value requires more financial support. Digital token will embrace supervision to absorb more funds, and ETF will be a viable solution. In the future, there is going to be an evolution from Crowdsale to ETF, from regulation to embrace supervision.
Note:
Although in this report, we try to predict the bottom and time of Token, especially BTC, by using time and space cycle, we would like to tell investors that it is very dangerous to invest basing on a specific dot and time. An investment shall base on the assessment of the value of the token.
Here are our suggestions: 1. Do not try to predict the market. Mistakes are liable to happen when you try to predict market harshly. 2. Feel the cycle. Cycle is always there, because of the constant human nature;3. Be with a good Token, which will bring you more chance to win. 4.Keep valuation in mind. The most important thing in value investing is to keep the valuation in mind. If the price is reasonable, everything is getable. The key is the difference between price and value (Absolute valuation method is not available with Token because of its specialty. However, a relative valuation method can be applied. Please refer to Token Toll’s report series).
Notions:
For some reasons, some definition in this report are not very defined, such as: Token, Digital Token, Digital Currency, Currency, Crowdsale, etc.
If you have any questions, be free to call us to discuss with us.

https://preview.redd.it/bjnu2hjvw7531.png?width=698&format=png&auto=webp&s=43df46d8337c63a52b8a7089ed5e24360f3b281d
submitted by Token_Roll to u/Token_Roll [link] [comments]

A proposal for nyms on Bitcoin

Check this out, it's very similar to namecoin's id/ feature (but apparently more restricted in scope).
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2018-Octobe016444.html
nyms are registered with an "enrolment" process and an additional "proof of burn". This seems to allow for a variable cost when registering nyms, unlike namecoin which has a fixed cost (when denominated in NMC).

That leads to a secondary question I've been pondering - what is the reasoning for the fixed fee, and how would namecoin allow for market based pricing of name/domain registrations? I understand there's already a market rate in the exchange rate from BTC to NMC, but what happens if NMC becomes very expensive or very cheap?

submitted by mimikamik2 to Namecoin [link] [comments]

What Are Altcoins?

In 2008 the first cryptocurrency – Bitcoin – was born. From this moment the era of cryptocurrencies began. For a long time, Bitcoin was a unique digital currency. But nowadays there are many other crypto coins, commonly known as altcoins. These coins have their own blockchains, miners, and wallets.
The term itself (Altcoin) is an abbreviation for alternative coin. Bitcoin is traditionally considered the first and the main coin. All others are Bitcoin alternatives are called altcoins. They appeared in the desire of developers to improve the existing Bitcoin code and remove the following limitations and disadvantages of the BTC blockchain network:
Bitcoin has a large volume of blocks, which slowly calculate the necessary operations. The main goal was to create new algorithms in order to speed up the transaction time.
The developers of BTC encrypted the transactions well, but there was still a possibility to track the sender and the recipient. So many new altcoins use additional encryption methods (like proof of work, a combination of hashing algorithms in series and hashing algorithms in parallel and so on).
Bitcoin mining constantly becomes more complicated and each time requires the use of more and more resources to form new blocks in the blockchain. Altcoins use other types of protocols that significantly simplify the mining process and do not require special equipment.
The primary task of Bitcoin is to be a tool for settlement transactions. Altcoins have other extra functions, for example, the creation of a smart contract.
Among the other reasons for the creation of altcoins is the need for technological innovation. Each alternative coin created carries certain know-how that is able to solve specific problems. Also in today's world, cryptocurrency trading has become an integral part of the financial world, so the more altcoins options there are — the more opportunities there are for the investments. Finally, most developers need access to the blockchain technology. First of all, they are interested in a reliable data transmission system and the safe storage of important business information. To access this technology, they need to use altcoins.
The very first altcoin was Namecoin. It was created in 2011 to replace the domain name system of BTC in a decentralized way. Later in 2011 Litecoin come out and suddenly the gateways of the crypto-universe burst out with endless altcoins. Today there are thousands of alternative coins. Pretty impressive, huh?
The main problem of new altcoins is the lack of information about them. Beware of so-called scam coins. These are altcoins designed purely to make a lucre of your investments. Scam coins are dumped as soon as someone puts their money into it. So before investing in altcoins check out their functionality, learn more about the developers and broad market support.
Here the list of most popular and promising altcoins that you should pay attention to:
Ethereum is second by capitalization after BTC. It has also been second by the price rate among all crypto coins for a long time. ETH was created in 2015 as a platform for the development of smart contracts. Nowadays, the major part of ICOs is conducted on this platform.
A fork of Bitcoin, released on August 1, 2017. Unlike Bitcoin, it has a block with a size of 8 Mb.
The cryptocurrency with an additional level of encryption. It is the most popular payment method in the Darknet, which is why it is often criticized, blamed for serving criminal actions.
A platform for payment systems oriented on currency exchange operations. The Ripple protocol, developed by the company of the same name in 2012, is popular in the banking sector.
Altcoin serving the blockchain which is targeted on serving transactions in the framework of the Internet of Things.
To sum up, there are thousands of different altcoins in the crypto world. Some of them succeeded and are now at the peak of popularity. Some projects passed into oblivion. Nowadays altcoins are not just alternative coins to Bitcoin, but the next stage in the evolution of cryptocurrencies. The level of BTC domination is falling down every year and new projects with improved technological solutions and audacious concept will come to the crypto market. Their number will continue to increase and attract more investors. In the near future, we will see new applications for altcoins and new opportunities that the blockchain technology offers.
Stealthex allows you to exchange up 200+ different coins. We are sure you will find the perfect match including most popular altcoins. Check out http://stealthex.io. It’s anonymous, limitless and the support team is always ready to assist you.
Like and share this article if you find it useful. Want more interesting articles on the crypto world? Follow us on Medium, Twitter, Facebook, and Reddit to get Stealthex.io updates and the latest news about the crypto world. For all requests message us at [[email protected]](mailto:[email protected]).
submitted by Stealthex_io to u/Stealthex_io [link] [comments]

What Are Altcoins?

In 2008 the first cryptocurrency – Bitcoin – was born. From this moment the era of cryptocurrencies began. For a long time, Bitcoin was a unique digital currency. But nowadays there are many other crypto coins, commonly known as altcoins. These coins have their own blockchains, miners, and wallets.
The term itself (Altcoin) is an abbreviation for alternative coin. Bitcoin is traditionally considered the first and the main coin. All others are Bitcoin alternatives are called altcoins. They appeared in the desire of developers to improve the existing Bitcoin code and remove the following limitations and disadvantages of the BTC blockchain network:
Bitcoin has a large volume of blocks, which slowly calculate the necessary operations. The main goal was to create new algorithms in order to speed up the transaction time.
The developers of BTC encrypted the transactions well, but there was still a possibility to track the sender and the recipient. So many new altcoins use additional encryption methods (like proof of work, a combination of hashing algorithms in series and hashing algorithms in parallel and so on).
Bitcoin mining constantly becomes more complicated and each time requires the use of more and more resources to form new blocks in the blockchain. Altcoins use other types of protocols that significantly simplify the mining process and do not require special equipment.
The primary task of Bitcoin is to be a tool for settlement transactions. Altcoins have other extra functions, for example, the creation of a smart contract.
Among the other reasons for the creation of altcoins is the need for technological innovation. Each alternative coin created carries certain know-how that is able to solve specific problems. Also in today's world, cryptocurrency trading has become an integral part of the financial world, so the more altcoins options there are — the more opportunities there are for the investments. Finally, most developers need access to the blockchain technology. First of all, they are interested in a reliable data transmission system and the safe storage of important business information. To access this technology, they need to use altcoins.
The very first altcoin was Namecoin. It was created in 2011 to replace the domain name system of BTC in a decentralized way. Later in 2011 Litecoin come out and suddenly the gateways of the crypto-universe burst out with endless altcoins. Today there are thousands of alternative coins. Pretty impressive, huh?
The main problem of new altcoins is the lack of information about them. Beware of so-called scam coins. These are altcoins designed purely to make a lucre of your investments. Scam coins are dumped as soon as someone puts their money into it. So before investing in altcoins check out their functionality, learn more about the developers and broad market support.
Here the list of most popular and promising altcoins that you should pay attention to:
Ethereum is second by capitalization after BTC. It has also been second by the price rate among all crypto coins for a long time. ETH was created in 2015 as a platform for the development of smart contracts. Nowadays, the major part of ICOs is conducted on this platform.
A fork of Bitcoin, released on August 1, 2017. Unlike Bitcoin, it has a block with a size of 8 Mb.
The cryptocurrency with an additional level of encryption. It is the most popular payment method in the Darknet, which is why it is often criticized, blamed for serving criminal actions.
A platform for payment systems oriented on currency exchange operations. The Ripple protocol, developed by the company of the same name in 2012, is popular in the banking sector.
Altcoin serving the blockchain which is targeted on serving transactions in the framework of the Internet of Things.
To sum up, there are thousands of different altcoins in the crypto world. Some of them succeeded and are now at the peak of popularity. Some projects passed into oblivion. Nowadays altcoins are not just alternative coins to Bitcoin, but the next stage in the evolution of cryptocurrencies. The level of BTC domination is falling down every year and new projects with improved technological solutions and audacious concept will come to the crypto market. Their number will continue to increase and attract more investors. In the near future, we will see new applications for altcoins and new opportunities that the blockchain technology offers.
Stealthex allows you to exchange up 200+ different coins. We are sure you will find the perfect match including most popular altcoins. Check out http://stealthex.io. It’s anonymous, limitless and the support team is always ready to assist you.
Like and share this article if you find it useful. Want more interesting articles on the crypto world? Follow us on Medium, Twitter, Facebook, and Reddit to get Stealthex.io updates and the latest news about the crypto world. For all requests message us at [[email protected]](mailto:[email protected]).
submitted by Stealthex_io to altcoin_news [link] [comments]

B4U offers Bitcoin Exchange in Kuala Lumpur

One cannot deny the fact that cryptocurrencies are the new future. The world is a live witness that paper money is losing its value and Digital coins are taking over. In this era where internet is the king everything is going digital be it banking, insurance or Currencies.
B4U offers the Buying, Selling and Exchanging of Cryptocurrencies at Affordable Rates
The business tycoons of the world are the biggest advocates of virtual currencies and they are making sure they are investing in it. Elon Musk has almost verified that paper money is on its last legs and is losing value and the founder of Twitter is making sure he is investing a great deal in digital coins.
The Fascination is real. The charisma is real. Common men, middle class men or elites are in digital currencies grip and it’s almost certain that these currencies are going to be the talk of town for a very long time. There are many types of crypto currencies which one can find in the digital market like Bitcoin, Ethereum, Litecoin, Namecoin, Peercoin, Dogecoin, Gridcoin, Primecoin, Bitcoin cash to name a few.
The most famous among them are Bitcoin (BTC) they have been the talk of town since their inception in 2009. It’s creator Sotoshi Nakamoto has an ambiguous identity but the coins are very famous. They have gripped the entire nation since their inception and they are soaring high with every passing day.

Save money in the Exchange of Bitcoin at Kuala Lumpur

The value of one BTC is $3,980 but the local exchange will sell you BTC in a much higher price and in case you have few BTC with you and you want to swap them with your local currency which is Ringgit the local exchange will charge you for it via taxes so what’s the way out? You have some digital coins in your pocket and you want to trade them for local currency but what about taxes? How can one evade them? Well there definitely is a way out and that way out is offered by the reputed B4U. They have the Bitcoins ATM machine installed and from there you can business your virtual currency without concerning yourself about taxes. You won’t have to pay much and your BTC will be exchanged too.

B4U offer the best deals for the exchange of Bitcoin in Kuala Lumpur

B4U is reputed to have executed hundreds of successful deals in the buying, selling and exchanging of digital currencies. If you want to buy BTC or any other digital currency that option is available here. If you want to sell or swap your virtual currencies that option too is available here. We have the best deals available for our valued customers and we don’t charge them much. With B4U it’s very easy to be the owner of Digital coins and if you want to disown your coins it’s OK B4U will exchange them in your local currency as well.
The best place to get your BTC Exchanged in Kuala Lumpur
We are well aware what happen in exchanges. When we get to them to buy, sell or exchange our digital coins or tokens they charge us the heavy fee and not just the fee they try to invade a lot in our privacy. These are just some issues, there is one other problem at local BTC exchanges and that is mostly they don’t give us the option of having our crypto currency changed into local Currency but you don’t need to fret. We know of a place where the BTC can be exchanged into Local ringgit without much tax. This place is B4U and we have what you want.
B4U will give you Ringgits for your coins without bothering your with the unnecessary taxes

Exchange your virtual currencies into local currencies

The best thing about B4U is if you have Bitcoins or any other virtual currency in your wallet that can be exchanged into all the other currencies. If you are in need of dollars we can give them to you in barter of your crypto. If you need pounds, rupees or any other currency B4U has that option available and you can avail that by trading your crypto with us. We have vowed to make it all easy for our valued customers so if you want the best deals in virtual currencies you can have them from us.

A Golden chance for investors! Invest in virtual currencies

Things are changing rapidly in today’s era. Things which were the sensation a year ago have been replaced with newer addictions. It seems like yesterday when Facebook was the sensation in social media but now things have changed since Instagram has taken everyone in its grip.
Paper money was once a great deal. We have lived with it all our lives but since the inception of internet things have changed, now its the era of crypto. Cryptocurrency are taking everyone into its storm and it is visibly taking over the paper money. First credit cards mocked the value of paper money now its the crypto. Virtual currencies are the sensation because of one more thing, there is a chance of profit in it. For instance if you buy one bitcoin for now you will get it in $3,980 but months later its value will double or even triple so in case you intend to sell your cryptocurrencies after few months you will earn a huge profit out of it.
There is a reason why the world is going gaga after digital coins, they create the chance of earning huge profit out of them. Bitcoins and Ethereum are clearly taking the lead. Back then when they came into the market they were cheap but now you can’t have them unless you have enough cash with you. You shouldn’t buy the crypto just because everyone else is buying it, you should buy it because they can generate the revenue for you. B4U has the best deals available and if you want to make a profit in cryptocurrencies it’s the right place to come to in Kuala Lumpur, Malaysia.

The ATM Machine will save you a lot of Trouble

Local Exchange are everywhere in Malaysia. The buying, selling and exchanging of crypto currencies are possible at a lot of places but there is a place which has an edge over other exchanges. This place is the ATM machine in B4U.
With the availability of ATM machine in Kuala Lumpur it’s a lot easier for the people of Malaysia to have crypto in their access. While the local exchanges will charge you the heavy fee in the buying and selling of virtual currencies the ATM won’t charge you much. You can have your desired coins from the machine after inserting cash. The machine won’t invade your privacy and the method is pretty quick as well. You get a receipt 20 minutes later after inserting your cash.
In the exchanges usually there is so intense an interrogation that a customer feels offended but when you know that you have all the keys in your own hand that you will just have to fill up some of your info with the cash then there is nothing to worry about.
B4U ATM Machine on google map
Customers like the things which are easy to operate and the ATM machine installed in B4U can be operated by a layman as well.
As we all know it’s the era of digital currencies. Only that one is successful in this age who is investing in the right place. So invest in crypto because it promises a great future.
More Articles about B4U ATM Machine

Conclusion

B4U offers the buying, selling and exchanging of cryptocurrencies at affordable rates. The ATM machine installed in B4U can be used to buy, sell and exchange the virtual currencies. Be in touch with us and secure yourself a great deal.

Address

335A Melawati Urban 1 Lorong Serawak, 53100 Kuala Lumpur, Malaysia

Timings

Monday to Friday
10:00 am to 6:00 pm
Saturday and Sunday is closed.
submitted by B4U_Wallet_Exchange to btc [link] [comments]

"Code is Law": Comedy Gold Survey on Ethereum

Survey ID: 00001 Coin: Ethereum Client: Tyler Durden

Executive summary:

Ethereum is almost certainly the number 2 coin in comedy gold. It will likely surpass Bitcoin in comedy gold long before it passes it in market cap. Thanks in large part to a spam-based marketing campaign on Reddit, it also has a dedicated base of critics.
After its IPO, it was known as “Inthereum” for a while, infinitely powerful of course, as vaporware can do anything. It had a major version release, then another. Finally, a major smart contract, in terms of valuation, came along: The DAO. Not to be confused with other DAOs, before and after. The DAO was the biggest. It was going to be the best; it already was the best! Euphoria was off the charts.
Until just a few months in, a bug was found. And the killer app became the flash point. What could they do? Well, hard fork and give the money back, of course! And so they did.
“Code is Law”; but this is actually good for Ethereum because “[a]lthough some do question the analogy ‘code is law’. I do not. We just found out that we have a supreme court, the community!” [1]
After the D'OH, Ethereum struggles to top its ATH comedy gold, but there is still a bright future for popcorn and comedy gold from Ethereum.

5 Largest Veins of Comedy Gold

Here are the largest comedy gold veins in Ethereum in potential reserves in our estimation in approximately descending order:
  • Cultlike euphoria - Now, this can certainly be said to be common to almost all cryptocurrencies. But Ethereum seems special here, even more than Bitcoin's community. There is a real belief here that this coin is going to change the world. This helps play into a "this is very good for Ethereum" mindset, wherein even the D'OH fork was a great success!
There is no greater terror than a fiend on ether.
  • Vitalik Buterin - The best name in cryptocurrency! Young genius central to Ethereum and almost universally seen as the most important leader in the project. In our view, his endorsement and leadership during the D'OH fork led to that route being taken. That is, we believe if he had opposed it from the start, he may have been able to prevent it or at least have led to what is now called ETC being the dominant of the two.
And so in our view, Mr. Buterin runs a billion dollar cryptocurrency right now. He and his team seem to have done reasonably well so far; it seems likely they'll continue to thrive. To the best of my knowledge, confirmed on /ethereum, there hasn't been a drug market implemented in Ethereum or trading with ETH so far. But while it seems like a terrible idea, because of the lack of privacy and proven mutability of contracts, it seems like eventually there's going to be a major drug market accepting ETH just because it has such a high value. And, they point out, monero and zcoin’s core privacy feature will apparently be available on ETH after this next fork, so look forward to anonymous ETH fueling drug markets!
And then the interesting question will be raised of how Chief Justice Buterin will rule on the case, whether it is worthy of an intervention or not. If not a drug market, then another buggy and hacked contract. Or a hacked exchange, and the question of whether to make it or its users whole, or "let the hacker win".
  • DAOs - From the beginning, it was proposed that Ethereum itself and its reserve fund would be turned into a DAO. How exactly this was going to happen would be figured out later of course. There was an initial estimate of 2016 for the transition.
Of course, in 2016, The DAO and the D'OH happened. I'm not aware of a current further push to put all of ETH's future funding into a DAO. But I'm sure the topic will resurface. And it will be hilarious on so many levels. The DAO actually collapsed too soon for peak comedy gold extraction. It had been predicted that there would be no consensus on any proposals and that nothing would be funded, and that there would be gold from that. But it was just a few months in when the bug was found. And while the D'OH fork was certainly a rich vein of comedy gold, it wasn't as rich as what the DAO could have been if it had floundered around for a year or so before the hack.
Surprisingly, there's actually a running, apparently working DAO on ETH that was started even before The DAO: digixDAO. If it keeps on running, it will continue to be hilarious as other DAOs fail to learn from it. If it fails, there's all the more hilarity for Ethereum, making it the platform where anything complicated enough to look like an original use case will break. The very existence of digix is proof-of-comedy-gold.
  • Immutability - The whole central notion of immutability is going to be a recurring question for Ethereum after the D'OH. While there was a lot of sentiment of "just this once and never again" at the time, there will someday be another major issue, and the precedent will mean that at least a major debate among the community will be had. Ethereum is "mostly immutable". Bitcoin is far better protected here, because while it's true they've hard forked to fix a bug before, that was years ago and the community is far more fractured now. Ethereum has a demonstrated capacity to do both routine and controversial hard forks. This strength is also a challenge, as it will invite constant legal and ethical questions about when it's appropriate to modify the chain itself with a fork: that is, rolling back some or all transactions after major bugs, thefts, frauds, and so forth.
  • Concentration of funds - This one I'm just guessing at. Although rich lists do exist, obviously one entity like an exchange could pool funds in an address without one person owning that much, or one person could splits their coins among many accounts. But it gives a rough guide. In Bitcoin, the top 113 addresses, having more than 10,000 BTC, in total are 17.46% of the current supply [ 2 ]. And in Ethereum, it's true that the top two accounts are marked as exchange accounts [ 3 ]. Still, having lots of funds concentrated in a single exchange wallet seems to still have some potential for comedy gold. In Ethereum, the top 50 addresses have more than double the proportion of the top 113 in Bitcoin, a bit over 40% of the current supply. My guess would be there are still a lot of people who invested heavily in the initial ICO who have held onto a significant portion of their initial ETH. While some of these top addresses are exchanges, I think there are probably many individuals represented in here as well, and every one of them is a multimillionaire from this account alone.
Of course, so far, because ETH is still smaller than BTC in overall market cap, these top addresses aren't as huge as the top addresses in Bitcoin in current market value. But if ETH were to overtake BTC's current position with a relatively unchanged distribution, there would be some real comedy gold coming off this factor. Cribs could have a spin-off Ethereum series.
This concentration was a part of making The D'OH what it was in my view as well: in Bitcoin, there would never have been so much of the coin tied up in one particular venture, at least not now. But in Ethereum, this concentration and groupthink can combine to hilarious effect.

A Brief History of Comedy Gold in Ethereum:

“Laws, like sausages, cease to inspire respect in proportion as we know how they are made” - John Godfrey Saxe
In the beginning, there was an offering. The greatest coin the world had ever seen; step right up and buy it! There was even code; this is no vaporware! Sure, there was more work to be done, but the ICO would fund that work, the founders would get a little, and create a reserve for the future and the rest would be mineable.
There was also some of the most vociferous objections on BCT, declaring that the stake allocated to the founders was too large, pointing to other coins which had done smaller or done without. Arguing against the reserve; arguing against having a presale at all. Some people, of course, completely failing to read the documentation accurately to see what was even being proposed. And an almost complete radio silence from this large team working around the clock on Ethereum.
It took some months from when the initial ANN was made until the sale actually started, but by the time they had their sale, they had perhaps the best documentation at launch to-date. Of course, there were some areas which seemed to lack some detail, like the budgeting, but never mind that, it was finally launching!
Launching the sale, at least. In July and August of 2014, Ether was first sold. It was described as “fuel” for the virtual machine they were going to build [ 4 ].
And then, a year later, Ethereum was released live. By July 2016, it had already had its first major crisis after The DAO was hacked and the D’OH fork introduced in response.
But the fact that Ethereum was ever released, and that it was released so quickly, is truly incredible. There was more than one person who thought that the stated goals of Ethereum were not possible. And, of course, many initial goals and deadlines didn’t happen. But unlike the railbirds on BCT were convinced, the team did not fail nor did it run off with the money. They were given a blank check, and they actually delivered a working product which has been successful so far financially.
Of course, having its flagship smart contract go belly-up quite so quickly after having finally gotten a “killer app” seems rather unfortunate. The oracle problem (the question of how to reliably relate smart contracts to the outside world) seems unresolved, but partial solutions are inevitable and can only serve to make increasingly complex and thus popcorn-loaded contracts possible.
Right now, all seems relatively quiet. But rest assured, there remains plenty of euphoria and gas to drive many more cycles of comedy gold production. Ether huffers need something to throw their ETH at. The more complicated; the better! Given some of the creations that have been made in NXT, for instance, a few more years of creativity on ETH should yield some very complicated and pop-corn rich smart contracts.

Researcher’s Narrative:

I was relaxing in my office, waiting for business. It was a dingy little one-room affair, but it would serve for now. Particularly with no clients. I had poured myself a double shot, and was about to enjoy it, when suddenly the door opened.
A man walked in, familiar somehow although I couldn't place him. I reached out my hand instinctively, and instead of shaking it, he handed me a dollar.
"Hello?"
He pointed at the sign in the window, advertising a promotional one dollar gold survey for the first client. Always astute, I quickly surmised he wished to hire me.
"Of course, sir! What coin would you like?"
"Ethereum."
"Certainly! And may I have your name for the log?"
"Tyler Durdan."
And with that, my newest client left. I downed my double and poured a generous triple to follow it. This was going to be a long day.
Ethereum was the ultimate prize in my line of work. The coin which proved the adage that truth is stranger than fiction; which had proved itself a lucrative source of comedy gold.
And who am I? Guy Noir, private comedy gold surveyor. I've seen things you people wouldn't believe. Premined scamcoins crashing on noname exchanges. I watched popcorn glitter in the dark on forgotten the BCT threads. Popcorn junkies strung out on a high, and I've delivered them more comedy gold, popcorn, salt and butter. There is never enough.
A dark night in a world that never sleeps and knows how to keep its secrets...But on the 12th Floor of the Acme Building, one man is still trying to find the answers to life's persistent questions: Guy Noir, private comedy gold surveyor.
Thank you, Narrator. Now, as I was saying, Ethereum is overloaded with gold. But the core is pretty straightforward:
Ethereum promised "smart contracts". Immutable. Turing-complete. This was what Bitcoin lacked. The bee's knees. Crypto 2.0. What could go wrong?
We'll skip over the "Inthereum" period. Perhaps the vaporware criticism was never fair: from their version, they had Proof-of-Concept code; they went through some iterations and eventually got to release.
Let's note clearly that there was plenty of time to determine some sort of official policy for what to do about a buggy or improperly written contract losing money. In Bitcoin, every hack has been a SFYL event, although it’s true that a bug in the coin itself was hard forked away before. Mt. Gox tried to blame malleability, but there was never a fork to try to recover funds. In Ethereum, immutability was often talked about. So far as I saw in skimming, “what if” scenarios to undo bugs wasn’t brought up front-and-center. Nor was immutability being debated that I saw.
So Ethereum releases. A major contract is launched, The DAO, which gets an astonishing portion of ETH invested. The world's largest crowd sale as they ultimately called it. All the major players in ETH buy into it, including Vitalik Buterin, the creator of Ethereum and the best name in cryptocurrency.
Just as they're starting to get into the comedy gold that The DAO doesn't really have a purpose, a bug is discovered. And just as its leader is assuring everyone that no funds are at risk, the funds start being drained out of the contract by an unknown party.
And suddenly immutable means "immutable unless we screw up on the biggest contract which everyone important has invested in heavily". Ethereum ultimately hard-forks to return investor funds and basically unwind The DAO. After claiming that the bug was in the contract, the coin itself is hard forked to fix the issue. And the first Ethereum clone results, one which simply does not follow the new hard fork.
So the natural question is: when can a contract be changed? In the first page of the Ethereum launch, this question was implied by asking about what would happen if there were an assassination market hosted by a smart contract on Ethereum. Of course, in reality, Ethereum is not really functional enough at present to enforce such a contract, but the question remains in case Ethereum were to actually attain a functioning smart contract platform.
Attempted reference to Tears in rain monologue, credit to Rutger Hauer
Guy Noir and narrator text lovingly stolen from Prairie Home Companion's Guy Noir, by Garrison B. Keillor.

Researcher’s Rant

Filed for psych eval
Twenty pages into the BCT ANN, I believe I have contracted cancer, again. I’m reminded of why I don’t generally go on BCT. As bad as altcoin forums tend to be for their circlejerking, it’s almost better than the, well, there’s really no way to put it other than FUD that inevitably appears in response to anything. Of course, it’s not paid shilling so much as it is willful and vocal ignorance. For all the critiques in that thread, most of them are utter nonsense and simply are misreading the initial information. On the other hand, it’s January 27th in the thread by now, with February 1st and the pre-sale start, and they don’t have their “prospectus” up yet. I also haven’t seen the change in mining rate yet.
Side note: eMunie; wtf? I guess I missed something? Either it’s gone through a namechange or it’s dead, because a quick coinmarketcap search didn’t find anything. A comedy gold mining project for another day.
Great; spoiler alert: fundraiser delayed apparently, so even more cancer to read through in that thread on the way to getting to a prospectus!
The first 44 pages of the thread was summarized thus: “I want to believe. Why are you not speaking to us? Throw me a bone. Just tell me what I want to hear, and I'll gladly throw my money in.” [ 5 ] Would that I had only had to read that quote rather than all 44 pages, and facing many more.
Pages and comments dragged on as I waded through the low-grade popcorn. When would this prospectus be released, so my torment would end? Oh god: a side-thread shows that by the time they get to April, there’s still no prospectus or presale date or estimate of when there may be a date [ 6 ]. It’s time to give up on reading through the cancerous mainthread on BCT and start jumping ahead pages to find the pre-sale and prospectus.
Okay, finally, in July, they release documents and start the sale [ 7 ]. Good enough.
I have mountains of links on my desk. Comedy gold is overflowing, but this is a survey expedition, not a mining operation. But by the time it’s surveyed, there’s always so much gold lined up to mine it gets hard to leave it behind and leave with the samples.
It’s time to hammer out some copy and close this file.
Folks, we hope you’ve enjoyed this descent into madness and comedy gold brought to you by the Comedy Gold Survey Company and our patron Tyler Durden. Do you need more comedy gold in your life? Of course you do! So please donate today; every $1 helps! I’ve added a new special: $5 lets you choose the next coin to be surveyed!
Thanks again to Tyler Durden, and I will now be re-watching Fight Club and questioning my sanity. Cheers y’all!
Resources:
Edit: 3/26/2020: Removed a link to a comment per request from the user.
Footnotes and other links:
submitted by coinaday to Buttcoin [link] [comments]

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