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Cryptocurrency Adoption: A Breakthrough?

Cryptocurrency Adoption: A Breakthrough?
You have probably read dozens of articles dedicated to this subject before, and likely skipped even more. So why write another one, let alone read it? The short answer is times have changed. Well, times always change. Still, the point is that we may be amidst a paradigm shift in the cryptocurrency space right now even if we don’t feel it yet.
by stealthEX
Such a fundamental change is possible due to a confluence of several factors. Some of these factors are external and therefore not related to crypto. Others are internal and represent the value-oriented nature of cryptocurrencies. It just happened that all of them got activated under specific conditions at a certain point in time, which is today, give or take.

Economic woes in a post-Covid-19 World

You wouldn’t be far from the truth if you claimed that we haven’t yet pulled through the pandemic, to begin with. Unfortunately, it only makes matters worse unless you are a cryptocurrency investor and don’t care for the rest of humanity. Anyway, the damage has been done, and nothing can change that. We are now entering the phase that is technically called “competitive devaluations” and colloquially known as currency wars.
You could also argue that if it didn’t happen at the peak of the coronavirus pandemic, it is not going to happen now. The sad truth is that we are only starting to feel the real pain. Even the deadly coronavirus doesn’t take over the body instantly, while it takes some time on the scale of a few months up to a couple years for the economic disease to spread through the fabric of society, evolve, and then erupt with inflation rates shooting through the roof, among many other nasty things. Please take your seat.
The world reserve fiat, the American dollar, is sinking like Titanic, slowly but surely. We can’t say the same about less lucky currencies, though. We won’t dwell on the Venezuelan bolivar and Zimbabwean dollar as they are altogether beyond redemption, but fiats like the Brazilian real and Russian ruble are also balancing on the brink of another landslide devaluation, which they have seen many in the past. Sharp minds in the cryptocurrency space have been telling us about this development for ages. It all looked like a remote possibility in some distant future that as we felt deep down wouldn’t have a chance to come up in our lifetime.
As it stands, we were wrong, and the events described are now starting to unfold right before our own eyes. In a strange twist of fate, large-scale cryptocurrency adoption is about to occur along with them, but not through some technical breakthroughs and innovation, or even the much-hyped DeFi, but primarily through the failure of conventional financial systems based on fiat currencies. Rest assured, the top dogs in the cryptocurrency pit are well aware of this dynamic, and they are not going to wait any longer.
Grayscale Investments, a multi-billion dollar company behind a host of cryptocurrency trust funds, started to frenziedly buy up bitcoins a couple weeks ago. All in all, it acquired over 17,000 BTC adding to its already quite impressive stash of Bitcoin, now totalling almost 450,000 coins under its management. Love it or leave it, but it amounts to 2.4% of all bitcoins mined to date, including lost, burned, or left for dead as dust in Bitcoin wallets. In essence, it means that their effective share is way higher.
But while Grayscale definitely sits at the top of the cryptocurrency investment chain, it is not the only company that went on a buying spree lately. MicroStrategy, a company largely unknown to the wider public, suddenly got religion and swapped over $400 million of its capital into 38,250 BTC. Even Barry Silbert, CEO of Grayscale, commented on this feat in his tweet.
Twitter, by StealthEX
So whenever there is a hint at price correction, someone comes out of the shadows and picks up a handful of bitcoins from the market propping up the price.
Why are they doing this? You already know the answer.

Paradigm shift

In different words, all that cryptocurrencies had to do was to last long enough until fiat started to fall apart. It does now, and paradoxically such times are also times of great opportunity, Baron Rothschild’s way. The world’s largest cryptocurrency exchange, Binance, has been pushing its cryptocurrency payment card since April when it acquired Swipe, a firm focused on crypto-to-fiat payment cards. At the time of the acquisition Swipe already supported 20 cryptocurrencies and fiat transactions in major currencies.
Binance.com, by StaelthEX
For European users the Binance card was officially made available in August, and the exchange plans to enter the US market soon. Given its dominance in the crypto arena, it wouldn’t be unreasonable to expect the surge in the cryptocurrency use as a means of payment thanks to this. It is unlikely that people would spend their precious bitcoins, but the packmaster is not the only member of the pack that Binance handles. Cryptos like Litecoin or Bitcoin Cash can easily become currencies of choice to use with Binance debit cards.
But what truly makes it a game-changer is the current turmoil in the global economic affairs which may turn out to be a once-in-a-lifetime chance for crypto to pick up where fiat currencies leave, or fail, to be exact. On the other hand, it may be a natural development after all, set in stone by the very first Bitcoin transaction and cemented for good when it got confirmed. Now things start to arrange themselves to fit their preordained layout. We have taken our time.
As cryptocurrencies are not internally linked to, or tied by, the lunatic policies of monetary authorities, that is to say, no central bank can ask or force miners to mine more bitcoins, we have the first element in place in the layout for the cryptocurrency mass adoption to occur at the most basic level. In fact, it has always been there, so we just had to wait until the two other elements arrived, even though it took longer than most of us were ready to wait.
The second required element in the grand picture of cryptocurrency adoption is the change in attitude toward wealth evaluation. So far the vast majority of people involved in crypto, including its most die-hard supporters, valued their cryptocurrency holdings in fiat terms. Without doubt, it was the US dollar, regardless of your home currency. But when fiat collapses or enters a long period of runaway inflation, people will be ready for a dramatic change in their approaches toward capital assessment as well as spending habits.
And here comes the most important part where Binance hits the nail on the head. If you are unable to effortlessly spend crypto in your everyday life, the first two components cannot trigger this change in attitude on their own. We need this third element to make use of what has existed and take advantage of what has come around. In a way, what Binance did, and what its competitors are no doubt going to do as well if they don’t want to miss out on the opportunity, appears to be the part that snugly snaps into place when we finally get there.
With Binance payment card, you can “buy the things you love with crypto”. So now the ball is in your court to support the full-scale cryptocurrency adoption coming up. Kidding aside, with fiat turning into trash by leaps and bounds all over the globe, this looks like a very enticing payment option for both the crypto purists and the unbanked. We have seen quite a few such cards in the past, but Binance seems to be adamant on making its variety really popular and actually usable. And then you can ride volatility waves to your financial benefit.
If Binance succeeds, that may herald a new era of cryptocurrency adoption, a breakthrough of sorts after so many years of stagnation in this department.

Repercussions and ramifications

It is not like only we, traders and investors alike, see these trends. Governments are also taking notice and paying close attention. They can’t remove cryptocurrencies and they can’t help inflating their national currencies. However, they can still crack down massively on this and similar endeavors, trying to nip them in the bud. We don’t know yet what Uncle Sam is going to say but some muslim countries have been quite vocal in this regard.
For example, Egypt has issued a fetva which prohibits bitcoin transactions as being against Sharia, an Islamic religious law. Another mostly Islamic country, Indonesia, has banned the use of cryptocurrencies as a means of payment. Russia, although not Islamic yet, is hellbent on effectively outlawing most cryptocurrency operations despite passing earlier a law on digital assets which is essentially neutral to crypto.
To conclude, we must be aware that once things get serious and governments see that their monetary supremacy is being threatened, that they can no longer play their favorite game of inflation tax, they will leave no stone unturned to prevent mass use of crypto as an alternative means of payment. And cryptocurrency payment cards are hands down one of the best tools available for this use on a down-to-earth level, groceries and whatnot.
Now you know what their target will be.
And don’t forget if you need to exchange your coins StealthEX is here for you. We provide a selection of more than 300 coins and constantly updating the cryptocurrency list so that our customers will find a suitable option. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example BTC to ETH.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
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 via [email protected].
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/10/06/cryptocurrency-adoption-a-breakthrough/
submitted by Stealthex_io to StealthEX [link] [comments]

30+ Reasons Why Cryptocurrencies Are Worthless

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

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

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

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

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

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

proofs :

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

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

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

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

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

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

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

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

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

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

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

12)Bitcoin price may artificially be inflated by Tether.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

35) Compared to bitcoin other cryptos work just as fine and don't waste so much energy.

36 ) Everytime miners disagree on the updates it will create another version of bitcoin : problem of governance and legitimacy.

37) Cryptos are only legitimate if they act as a credit for a redeemable asset like USDT or gold backed coins.


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

Kava In the News

Kava "In The News" Media Tracker:
This is a thread to track noteworthy Kava mentions within the news!
This thread will not include "copy & paste" news - meaning, and article that was taken from somewhere else and republished.
(Kava does like when that happens, but this thread is meant to track original stories only!)

Featured Articles:


[News Mentions by month/quarter!]

July (2020)

Mentions

June (2020)

Mentions

May (2020)

April (2020)

March (2020)

February (2020)

January (2020)

December (2019)

November (2019)

October (2019)

submitted by Kava_Mod to KavaUSDX [link] [comments]

Centralized exchanges and their risks

Centralized exchanges and their risks
The ecosystem of 2Ether will include a decentralized exchange, 2EtherEx. How are decentralized exchanges – DEX – different from traditional centralized exchanges? Are they really better? What issues do they face? We'll tell you all about it a series of posts. This time, we'll look at centralized exchanges – why they have nothing to do with real decentralization and what risks they pose.
Big exchanges like Coinbase and Huobi allow you to trade in decentralized crypto assets, but they themselves are completely centralized. This is for three reasons:
1) All transactions are processed off-chain and recorded in the exchange's own database. All those thousands of trades made every day on Coinbase, for example, are never recorded on the blockchain.
2) Client funds are stored in a centralized way. When you deposit money on an exchange, it goes into the main wallet of the exchange. It's huge – there are millions of dollars' worth of crypto there. If you send money from your blockchain wallet, then this – and only this – operation is recorded on the blockchain. After this, the centralized exchange assigns you credit of sorts – it puts as much crypto on your individual account as you put in the main wallet. At the end of trading, when you want to withdraw your profits, you sort of exchange those credits for the real crypto, which gets sent to your wallet. This transaction is also recorded on the blockchain. But everything in between has nothing to do with decentralization.
3) The exchange management is centralized – it's in the hands of a few people. They can become very powerful, and their decisions influence what happens to your funds. For example, Changpeng Zhao, the CEO of Binance, has such weight in the industry that he doesn't even comment on the potential of any coins. On the other hand, illegal actions taken by exchange executives can have terrible consequences. When the CEO of the Canadian exchange Quadriga was found dead in India, it turned out that almost $100 million were missing from the accounts. This money will probably never be found.
Centralization of exchanges has several more risks:
- Easy target for hackers. We've all heard about massive thefts from exchanges – sometimes up to $500 million. Since all the funds are stored together, exchanges' wallets are among the most attractive things to hack, so criminals keep trying.
- Market manipulations. Exchanges and their partners do lots of wash trading, fictitious deals, front-running, etc. It's estimated that over 80% of all Bitcoin trading volume is essentially fake. Exchanges want to be in the top-10 by volume – and most of their revenue comes from commissions. So they will allow bots and many dubious practices, even if their Terms of Use usually say that you can't manipulate the market in any way.
- Arbitrary actions. An exchange can suddenly close operations in a certain country, introduce an obligatory KYC, or delist an asset.
So if centralized exchanges are so risky, why do most traders use them? The reason is that they have some very serious advantages, too. We'll look at those advantages in our next post.
https://2ether.com/
Web site — https://2ether.com/ Twitter — https://twitter.com/2Ether_ Discord — https://discord.gg/TuqG4py Facebook — https://www.facebook.com/2Ethe Reddit — https://www.reddit.com/use2Ether Medium — https://medium.com/@2ether Teletype — https://teletype.in/@2ether Telegram — https://t.me/ether2support Telegram chat — https://t.me/blockchain_2ether
submitted by 2Ether to u/2Ether [link] [comments]

Insider info: Cotten gambled your money

Insider Information
« I can’t say which year I worked with Quadrigacx but I will share with you something nobody has ever discussed. I have nothing to gain from this but I am disgusted now that I see all the pain it has caused.
To make it short and sweet, Gerald Cotten has always been a true believer in bitcoin and cryptocurrencies. Not only did he come up with Quadrigacx in the early days of adoption and made it the biggest exchange in Canada, he made a good return investing in cryptocurrencies. In my opinion, he wanted to become a billionaire reknown in the crypto space like the CEO of binance. The more power (money) he had, the more he could participate in the adoption of cryptocurrencies worldwide.
When you deposit fiat, Cotten was using, not all, but most of it to invest in cryptocurrencies. In his mind, 40m sitting iddle in their banks was a terrible idea when he could put it all on bitcoin. If bitcoin doubles, he makes 40m without a single dollar invested. These numbers are made up, but I can guarantee you he was investing 30m+ of your money on highly risky assets.
His bad investments whiped out the millions the platform made in profits and the customers were unknowingly paying for it. All he had to do was prevent a bank run until cryptocurrencies recovered and nobody would notice. He was convince the market would bounce.
CIBC froze the little capital they had left, Cotten had to sell cryptocurrencies to cover fiat withdrawals if not enough deposits were made. The larger the withdrawal, the less time he had. That’s why large bank wires were frozen with no intention of being fufilled unless the market bounced. In the end, Cotten was a smart person but he never expected the bear market to last this long, he couldn’t hold the bubble any longer.
I don’t know if he alive or dead. But I can tell you that even if he was here today with all the cold wallets, they wouldn’t have enough to cover fiat withdrawals and crypto balance because he lost most of them with this poor trading decisions.
Also if you don’t believe me, it was disclosed in the documents that they owe Quadrigacx customers 70m in fiat currency but all we have is a 26m bank draft. Our exchange has always been profitable unless he choose it wasn’t. He lost 44m of your money, all the profits and most of your cryptocurrencies.
I am willing to talk to authorities as long as my privacy is guaranteed. I do not want to get involve in this legal matter. I will only speak to trusted sources, I have nothing to gain from this. »
submitted by Kaciaoncc to QuadrigaCX [link] [comments]

r/Bitcoin recap - May 2019

Hi Bitcoiners!
I’m back with the 29th monthly Bitcoin news recap. (sorry a bit late this month)
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in May 2019
Adoption
Development
Security
Mining
Business
Research
Education
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

r/Bitcoin recap - November 2018

Hi Bitcoiners!
I’m back with the 23rd monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in November 2018
Adoption
Development
Security
Mining
Business
Research
Education
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
Congratulations Bitcoin on about to be 1 Million subscribers! See you next month!
submitted by SamWouters to Bitcoin [link] [comments]

‘Youngest Bitcoin Millionaire’ Willing to Stake it All on Metal Pay

‘Youngest Bitcoin Millionaire’ Willing to Stake it All on Metal Pay
https://preview.redd.it/f2hdpngkljh31.png?width=2000&format=png&auto=webp&s=5cc57b932f5e950203aec3cabcd9e686a6f9c585
Metallicus, the startup behind the peer-to-peer payments platform Metal Pay, received an undisclosed angel investment from the youngest bitcoin millionaire, Erik Finman.
In partnership with Metal Pay CEO Marshall Hayner, the two look to develop the first “all-in-one” cryptocurrency banking platform, which includes a 17 digital asset exchange, a digital bank and a payments application with social features similar to Venmo.
Founded in September, Metal Pay has processed approximately $11 million in total payments from nearly 130,000 registered users across 38 states. On a monthly basis, the company processes $1 million in crypto or fiat for around 30,000 active users, according to Hayner.
Finman staked a modest amount of bitcoin to finance the development of the banking and exchange ecosystem, he said, which currently holds approximately $2 million in crypto and fiat on the platform. Though Finman is willing to put in his entire “400 something” bitcoin fortune to fund Metal Pay’s growth, the 20 year old told CoinDesk.
“We’re looking to beat bitcoin,” Finman said.
“I’ve been a bit back and forth in the past (‘crypto is dead’/ ‘resurrect Bitcoin’) but have found in recent months, especially, that the bitcoin community is super fragmented. And the actual usability for bitcoin is minimal,” Finman said.
This project is an attempt to move beyond the siloed developments within the crypto industry and become a usable financial tool, he said.
Hayner agrees, and said crypto has grown to mirror “the existing financial industry,” rather than the open-source community where he found his footing in “the days when you could still mine BTC on a MacBook.”
Before Metal’s founding in 2016, Hayner helped build Stellar, Dogecoin and Block.io. The company previously received $3 million in funding from G2 Ventures, Gateway and Shapeshift CEO Erik Voorhees.

Crypto meets conventional

The two took a “crypto-agnostic” approach when building the system and have worked actively with regulators.
Metal Pay is partnered with Arkansas-based Evolve Bank and Trust to provide FDIC insured deposit accounts. As the platform develops, Evolve will help Metal Pay introduce a number of financial products associated with conventional banking services.
In 2018, Hayner also developed a proof of processed payment as a means of distributing MTL tokens native to the platform. The proof reaches consensus and validates transactions conducted on Metal Pay.
Instead of a mining reward, however, the counterparties receive up to 5 percent of the transaction volume in MTL, which, “for consumers, is construed as cash back,” said Hayner. These rewards, called Pop can be converted into fiat, sent to another Metal Pay user, or held as an investment.
MTL holders are rewarded in additional ways. For instance, those that “hold over 10,000 MTL on an average spot price between Binance, Kraken and Bittrex,” will not be charged fees. Further, Hayner said the company intends to offer free trading on MTL specific pairs and fee-less options for merchants following the introduction of Metal Merchant.
Metal Pay looks to gain market validation in a crowded field of payment apps like Venmo and Cash App. Hayner recognizes the difficulty in attracting non-crypto users, and is working to build an application that passes industry muster first.
He said:
“Bitcoin is flawed, but only in the way the Ford Model T was flawed, the concept of a car will live on and constantly be improved upon, hopefully it builds upon the existing model and there is always room for Ford, Toyota, Mazda, BMW, Tesla even!”
submitted by Rajladumor1 to omgfin [link] [comments]

"The Big Picture" - Dollar Vigilante November Newsletter

It has been an interesting week for me.
First, I was invited to speak at World Crypto CON in Las Vegas and then shortly before the event they told me I couldn’t speak. At the same time they told most of my other anarchist friends they also couldn’t speak and/or they were banned from the event, including Ben Swann, Luke Rudkowski and Josh Sigurdson of World Alternative Media.
I was already in Texas for the Texas Bitcoin Conference and I mostly just wanted to play in their crypto poker tournament anyway so I went to Vegas.
All manner of strange people seemed to be coming up to me, including one woman speaking in tongues. And, a weird energy surrounded the event... so much so that my body was shaking the entire time.
Then they also didn’t allow me to play in the poker event! I paid one guy some BTC to buy his chips and they threatened to call the police on me! I know what happens next when that happens so I left the premises.
Later that night, Josh Sigurdson was poisoned and barely survived. Other anarchists I knew who were there were being accosted, having their phones stolen and other aggressions.
I should mention this all occurred on Halloween. Day of the dead. Whatever happened, karma struck instantly and no one showed up! I then got a message from my wife that she wanted me to come home immediately and I was happy to do so.
She told me that God told her that we had to tell everyone to repent immediately before it was too late and she went into two days of screaming, crying and became delirious after three days without eating or sleeping.
Eventually we had to get her to the hospital to get her calmed down. I’ve spent the last two days with her there and we just returned home as they gave her a number of things to relax her.
Is something strange going on? It sure feels like it. In any case, as I stated in the last newsletter, no matter what happens I am just going to continue on with my work (although spending more time with my family is also a priority) helping people to wake up... that’s all I can do.
Current Events
As I write it is the midterm selections in the USSA. Yet another, “most important election in our lifetime.” All fear propaganda to try to make believe that voting will fix this evil system of slavery. It won’t. But, when they say this is the "election of our lifetimes" they are right on one thing. Politics, central banks and government are very close to destroying the entire world.
Elect to walk away from it all now before it is too late. I know I don’t have to tell TDVers that but it is worth reiterating.
And, the results are in. Anarchy won like it has every single selection.
And the wars continue killing or destroying the lives of millions of innocents, Americans continue to get extorted for trillions of dollars per year, millions of innocents remain in cages in rape camps and the Federal Reserve continues to impoverish and steal from everyone.
Meanwhile, in things that actually matter, the battle over bitcoin has hastened dramatically. But, you wouldn’t know it from the price action.
The complete lack of volatility has only gotten worse (or better if you are in the “volatility is bad for bitcoin” camp).
Here is a chart of bitcoin on October 27th.
For a 24 hour period it traded within a $15 band! It’s like the whole world is just waiting to see what happens next.
And, what will happen next? I am still expecting a panic sell-off along with all worldwide markets followed by a price explosion.
We did make it through October without that happening, but I have pointed out November is also a prime month for it to occur. If nothing major occurs in November then I may have to reassess.
The US stock markets continue to hang in there but really only propped up by a minority of stocks as this tweet from early October points out.
Bank stocks, which are probably one of the most important to watch are off 17% from January of this year.
Meanwhile, crypto exchange Binance made more profit than Deutsche Bank in the second quarter of this year!
As I said last issue, things really couldn’t be going better for the cryptospace, right as it appears that bank stocks and the market as a whole is on the verge of collapse.
On October 26th, the CEO of Visa, Al Kelly, said that he “certainly” does not view cryptocurrencies as a threat to his business right now, but added that “if we have to go there, we’ll go there.”
You’ll have to go there Kelly... better start working on your resume. Taiwanese smartphone maker HTC is about to release its first blockchain-powered handset in cryptocurrencies, making it the first big name in the industry to accept only digital currencies as payment.
Exodus 1, the first version of HTC’s blockchain phone, is priced at 0.15 BTC or 4.78 ETH, which in current trading equates to about US$960.
HTC first announced the Exodus phone in May, which features a built-in digital wallet that will enable users to store and trade cryptocurrencies.
But, the game changing news is that ICE, the owner of the New York Stock Exchange, has announced they will launch their new digital asset platform, Baakt, on December 12th. This will enable traditional institutional investors to easily invest into the bitcoin market.
The total bitcoin market right now is about a $110 billion market cap.
Total value of financial asset worldwide is estimated to be over $300 trillion. Which means bitcoin is only 0.03% of total financial assets held in the world.
If, say, only 1% of that $300 trillion were to go into bitcoin, that would mean $3 trillion would be trying to enter a market worth $100 billion.
In other words, if you don’t own bitcoin and other cryptos by December 12th... don’t do that. And, don’t forget precious metals either.
FinIst analyst Denis Lisitsyn recently said on RT, “The aggressive US policy in recent years has forced some countries to look for an alternative to the dollar and replenish their gold reserves. Worries about the future growth of global economy are an additional incentive for purchases. Many question Donald Trump’s protectionism.”
Sounds like he has been listening to TDV’s Ed Bugos!
In the same article, Vladimir Rojankovsky, LIFA, expert at the International Financial Center said that Hungary, Poland, Russia, China, India, Turkey and Saudi Arabia are all hoarding gold.
This, after Russian ownership of US Treasury bonds dropped from $96.1 billion in March to an 11-year low of $14.9 billion in May.
The writing is on the wall. And almost the entire public has no idea what is happening.
Luckily you do, so stick with us here as we give you are best guidance on how to survive and prosper during and after the dollar collapse.
And get right with your family and God. I’ve had a few moments in the last week where I thought it might be all over and each time I felt despondent knowing I still haven’t done enough. Don’t wait too long.
Coming Events
Due to my wife being in the hospital recently I cancelled going to Steemfest in Poland. I was also going to go to Iran and Iraq on that trip. But, I’ve decided family has to come before work in this respect.
Which means, really, my next major events are close to home with the TDV Summit on February 12-13th and Anarchapulco/Cryptopulco from February 14-17th.
I couldn’t help notice that World Crypto Con, which seemed to be out to kill all of us anarchists, was on October 31st and Anarchapulco starts on Valentine’s Day. Because it is really all about love.
If you haven’t checked out the TDV Summit page lately, check it out. We’ve added a number of great speakers and I still have a few surprises to announce. It is two full days this year and I am able to focus on it fully for the first time as we have a professional management team running Anarchapulco now. And, included in the price is a gala dinner to be held on the evening of February 12th.
And, Anarchapulco just released its main stage speaker list (there will be 5 stages this year). It’s quite the list! Jeffrey Tucker - Anarchapulco Master of Ceremonies
Ron Paul Former - Congressman, Author of 'End the Fed'
Andrew Napolitano - Senior Judicial Analyst for Fox News
David Icke - Ground breaking Author & Public Speaker
Doug Casey - Founder of Casey Research
Cynthia McKinney - Activist, Former US Representative
Jeff Berwick - Founder of Anarchapulco, The Dollar Vigilante, and Anarchast
Dayna Martin - Author, Speaker, Midwife, Unschooling & Peaceful Parenting Advocate
Derrick Broze - Creator, The Conscious Resistance Network
Luke Rudkowski - Journalist, Founder of WeAreChange.org
Max Igan - Host of The Crowhouse
G. Edward Griffin - Author of 'Creature from Jekyll Island'
Mark Passio - Independent Researcher
Sasha Daygame - Author, Men’s Coach, Spiritual Adventurer
Ole Dammegard - Truth Seeker, Code Breaker, and Peace Maker
Thaddeus Russell - Historian, Podcaster, Founder of Renegade University
Anil Gupta - Author of 'Immediate Happiness'
Brien Foerster - Author of 'Lost Ancient Technology'
Eric July - Frontman of BackWordz, Co-founder of Being Libertarian
Matt Phillips - Past President of Free State Project, Ambassador, Activist, Entrepreneur - Dr. Sherri Tenpenny
Physician Entrepreneur & Vaccine Activist
Vit Jedlicka - President of Liberland
Joe Quirk - President of The Seasteading Institute
Becca Tzigany - Activist & Author, Venus and Her Lover
Joel Bowman - International Man
Jonny Dupre - Psycho-Social Coach & Trainer - The International Man
Vin Armani - CryptoSavage
Avens O'Brien - 2nd Generation Liberty Activist
Tim Moen - Leader of the Libertarian Party of Canada
Gina Carr - Blockchain Company Leader, Author, Emerging Technology Expert
Tata Meche, José Merced Velazquez Pañeda Tata - Town Elder, Cheran, Michoacan
There are even more announcements soon, including Larken Rose and many more. And, we haven’t announced the Cryptopulco speaker list yet. It should come out in the next week. You won’t want to miss it.
Anarchapulco will likely sell out by January. And all 1,000 rooms in the Princess Hotel are already close to sold out, so if you want to stay on premises, make sure to book your room now. If you miss it, don’t worry, we’ll likely be filling up a hotel nearby down the beach too!
And, don’t worry about what might happen in the future. Live in the present. Own some precious metals and cryptocurrency. Work on yourself, physically, mentally and spiritually. And spend more time with your loved ones.
Everything else will work itself out.
Now, I’m going to go watch Lord of the Rings with my wife and kids. “Hey kids, did you know that ring of power is an allegory for central banks and government?”
Thank you, as always, for being a subscriber!
Jeff Berwick
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Trading Cryptocurrency Markets

Hello! My name is Slava Mikhalkin, I am a Project Owner of Crowdsale platform at Platinum, the company that knows how to start any ICO or STO in 2019.
If you want to avoid headaches with launching process, we can help you with ICO and STO advertising and promotion. See the full list of our services: Platinum.fund
I am also happy to be a part of the UBAI, the first educational institution providing the most effective online education on blockchain! We can teach you how to do ICO/STO in 2019. Today I want to tell you how to sell and transfer cryptocurrencies.
Major Exchanges
In finance, an exchange is a forum or platform for trading commodities, derivatives, securities or other financial instruments. The principle concern of an exchange is to allow trading between parties to take place in a fair and legally compliant manner, as well as to ensure that pricing information for any instrument traded on the exchange is reliable and coherently delivered to exchange participants. In the cryptocurrency space exchanges are online platforms that allow users to trade cryptocurrencies or digital currencies for fiat money or other cryptocurrencies. They can be centralized exchanges such a Binance, or decentralized exchanges such as IDEX. Most cryptocurrency exchanges allow users to trade different crypto assets with BTC or ETH after having already exchanged fiat currency for one of those cryptocurrencies. Coinbase and Kraken are the main avenue for fiat money to enter into the cryptocurrency ecosystem.
Function and History
Crypto exchanges can be market-makers that take bid/ask spreads as a commission on the transaction for facilitating the trade, or more often charge a small percentage fee for operating the forum in which the trade was made. Most crypto exchanges operate outside of Western countries, enabling them to avoid stringent financial regulations and the potential for costly and lengthy legal proceedings. These entities will often maintain bank accounts in multiple jurisdictions, allowing the exchange to accept fiat currency and process transactions from customers all over the globe.
The concept of a digital asset exchange has been around since the late 2000s and the following initial attempts at running digital asset exchanges foreshadows the trouble involved in attempting to disrupt the operation of the fiat currency baking system. The trading of digital or electronic assets predate Bitcoin’s creation by several years, with the first electronic trading entities running afoul of the Australian Securities and Investments Commission (ASIC) in late 2004. Companies such as Goldex, SydneyGoldSales, and Ozzigold, shut down voluntarily after ASIC found that they were operating without an Australian Financial Services License. E-Gold, which exchanged fiat USD for grams of precious metals in digital form, was possibly the first digital currency exchange as we know it, allowing users to make instant transfers to the accounts of other E-Gold members. At its peak in 2006 E-Gold processed $2 billion worth of transactions and boasted a user base of over 5 million people.
Popular Exchanges
Here we will give a brief overview of the features and operational history of the more popular and higher volume exchanges because these are the platforms to which newer traders will be exposed. These exchanges are recommended to use because they are the industry standard and they inspire the most confidence.
Bitfinex
Owned and operated by iFinex Inc, the cryptocurrency trading platform Bitfinex was the largest Bitcoin exchange on the planet until late 2017. Headquartered in Hong Kong and based in the US Virgin Island, Bitfinex was one of the first exchanges to offer leveraged trading (“Margin trading allows a trader to open a position with leverage. For example — we opened a margin position with 2X leverage. Our base assets had increased by 10%. Our position yielded 20% because of the 2X leverage. Standard trades are traded with leverage of 1:1”) and also pioneered the use of the somewhat controversial, so-called “stable coin” Tether (USDT).
Binance
Binance is an international multi-language cryptocurrency exchange that rose from the mid-rank of cryptocurrency exchanges to become the market dominating behemoth we see today. At the height of the late 2017/early 2018 bull run, Binance was adding around 2 million new users per week! The exchange had to temporarily disallow new registrations because its servers simply could not keep up with that volume of business. After the temporary ban on new users was lifted the exchange added 240,000 new accounts within two hours.
Have you ever thought whats the role of the cypto exchanges? The answer is simple! There are several different types of exchanges that cater to different needs within the ecosystem, but their functions can be described by one or more of the following: To allow users to convert fiat currency into cryptocurrency. To trade BTC or ETH for alt coins. To facilitate the setting of prices for all crypto assets through an auction market mechanism. Simply put, you can either mine cryptocurrencies or purchase them, and seeing as the mining process requires the purchase of expensive mining equipment, Cryptocurrency exchanges can be loosely grouped into one of the 3 following exchange types, each with a slightly different role or combination of roles.
Have you ever thought about what are the types of Crypto exchanges?
  1. Traditional Cryptocurrency Exchange: These are the type that most closely mimic traditional stock exchanges where buyers and sellers trade at the current market price of whichever asset they want, with the exchange acting as the intermediary and charging a small fee for facilitating the trade. Kraken and GDAX are examples of this kind of cryptocurrency exchange. Fully peer-to-peer exchanges that operate without a middleman include EtherDelta, and IDEX, which are also examples of decentralized exchanges.
  2. Cryptocurrency Brokers: These are website or app based exchanges that act like a Travelex or other bureau-de-change. They allow customers to buy or sell crypto assets at a price set by the broker (usually market price plus a small premium). Coinbase is an example of this kind of exchange.
  3. Direct Trading Platform: These platforms offer direct peer-to-peer trading between buyers and sellers, but don’t use an exchange platform in doing so. These types of exchanges do not use a set market rate; rather, sellers set their own rates. This is a highly risky form of trading, from which new users should shy away.
To understand how an exchange functions we need only look as far as a traditional stock exchange. Most all the features of a cryptocurrency exchange are analogous to features of trading on a traditional stock exchange. In the simplest terms, the exchanges fulfil their role as the main marketplace for crypto assets of all kinds by catering to buyers or sellers. These are some definitions for the basic functions and features to know: Market Orders: Orders that are executed instantly at the current market price. Limit Order: This is an order that will only be executed if and when the price has risen to or dropped to that price specified by the trader and is also within the specified period of time. Transaction fees: Exchanges will charge transactions fees, usually levied on both the buyer and the seller, but sometimes only the seller is charged a fee. Fees vary on different exchanges though the norm is usually below 0.75%. Transfer charges: The exchange is in effect acting as a sort of escrow agent, to ensure there is no foul play, so it might also charge a small fee when you want to withdraw cryptocurrency to your own wallet.
Regulatory Environment and Evolution
Cryptocurrency has come a long way since the closing down of the Silk Road darknet market. The idea of crypto currency being primarily for criminals, has largely been seen as totally inaccurate and outdated. In this section we focus on the developing regulations surrounding the cryptocurrency asset class by region, and we also look at what the future may hold.
The United States of America
A coherent uniform approach at Federal or State level has yet to be implemented in the United States. The Financial Crimes Enforcement Network published guidelines as early as 2013 suggesting that BTC and other cryptos may fall under the label of “money transmitters” and thus would be required to take part in the same Anti-money Laundering (AML) and Know your Client (KYC) procedures as other money service businesses. At the state level, Texas applies its existing finance laws. And New York has instituted an entirely new licensing system.
The European Union
The EU’s approach to cryptocurrency has generally been far more accommodating overall than the United States, partly due to the adaptable nature of pre-existing laws governing electronic money that predated the creation of Bitcoin. As with the USA, the EU’s main fear is money laundering and criminality. The European Central Bank (ECB) categorized BTC as a “convertible decentralized currency” and advised all central banks in the EU to refrain from trading any cryptocurrencies until the proper regulatory framework was put in place. A task force was then set up by the European Parliament in order to prevent and investigate any potential money laundering that was making use of the new technology.
Likely future regulations for cryptocurrency traders within the European Union and North America will probably consist of the following proposals: The initiation of full KYC procedures so that users cannot remain fully anonymous, in order to prevent tax evasion and curtail money laundering. Caps on payments that can be made in cryptocurrency, similar to caps on traditional cash transactions. A set of rules governing tax obligations regarding cryptocurrencies Regulation by the ECB of any companies that offer exchanges between cryptocurrencies and fiat currencies It is less likely for other countries to follow the Chinese approach and completely ban certain aspects of cryptocurrency trading. It is widely considered more progressive and wiser to allow the technology to grow within a balanced accommodative regulatory framework that takes all interests and factors into consideration. It is probable that the most severe form of regulation will be the formation of new governmental bodies specifically to form laws and exercise regulatory control over the cryptocurrency space. But perhaps that is easier said than done. It may, in certain cases, be incredibly difficult to implement particular regulations due to the anonymous and decentralized nature of crypto.
Behavior of Cryptocurrency Investors by Demographic
Due to the fact that cryptocurrency has its roots firmly planted in the cryptography community, the vast majority of early adopters are representative of that group. In this section we cover the basic structure of the cryptocurrency market cycle and the makeup of the community at large, as well as the reasons behind different trading decisions.
The Cryptocurrency Market Cycle
Bitcoin leads the bull rally. FOMO (Fear of missing out) occurs, the price surge is a constant topic of mainstream news, business programs cover the story, and social media is abuzz with cryptocurrency chatter. Bitcoin reaches new All Timehigh (ATH) Market euphoria is fueled with even more hype and the cycle is in full force. There is a constant stream of news articles and commentary on the meteoric, seemingly unstoppable rise of Bitcoin. Bitcoin’s price “stabilizes”, In the 2017 bull run this was at or around $14,000. A number of solid, large market cap altcoins rise along with Bitcoin; ETH & LTC leading the altcoins at this time. FOMO comes into play, as the new ATH in market cap is reached by pumping of a huge number of alt coins.
Top altcoins “somewhat” stabilize, after reaching new all-time highs. The frenzy continues with crypto success stories, notable figures and famous people in the news. A majority of lesser known cryptocurrencies follow along on the upward momentum. Newcomers are drawn deeper into crypto and sign up for exchanges other than the main entry points like Coinbase and Kraken. In 2017 this saw Binance inundated with new registrations. Some of the cheapest coins are subject to massive pumping, such as Tron TRX which saw a rise in market cap from $150 million at the start of December 2017 to a peak of $16 billion! At this stage, even dead coins or known scams will get pumped. The price of the majority of cryptocurrencies stabilize, and some begin to retract. When the hype is subsiding after a huge crypto bull run, it is a massive sell signal. Traditional investors will begin to give interviews about how people need to be careful putting money into such a highly volatile asset class. Massive violent correction begins and the market starts to collapse. BTC begins to fall consistently on a daily basis, wiping out the insane gains of many medium to small cap cryptos with it. Panic selling sweeps through the market. Depression sets in, both in the markets, and in the minds of individual investors who failed to take profits, or heed the signs of imminent collapse. The price stagnation can last for months, or even years.
The Influence of Age upon Trading
Did you know? Cryptocurrencies have been called “stocks for millennials” According to a survey conducted by the Global Blockchain Business Council, only 5% of the American public own any bitcoin, but of those that do, an overwhelming majority of 71% are men, 58% of them are between the ages of 18 and 35, and over half of them are minorities. The same survey gauged public attitude toward the high risk/high return nature of cryptocurrency, in comparison to more secure guaranteed small percentage gains offered by government bonds or stocks, and found that 30% would rather invest $1,000 in crypto. Over 42% of millennials were aware of cryptocurrencies as opposed to only 15% of those ages 65 and over. In George M. Korniotis and Alok Kumar’s study into the effects of aging on portfolio management and the quality of decisions made by older investors, they found “that older and experienced investors are more likely to follow “rules of thumb” that reflect greater investment knowledge. However, older investors are less effective in applying their investment knowledge and exhibit worse investment skill, especially if they are less educated and earn lower income.”
Geographic Influence upon Trading
One of the main drivers of the apparent seasonal ebb and flow of cryptocurrency prices is the tax situation in the various territories that have the highest concentrations of cryptocurrency holders. Every year we see an overall market pull back beginning in mid to late January, with a recovery beginning usually after April. This is because “Tax Season” is roughly the same across Europe and the United States, with the deadline for Income tax returns being April 15th in the United States, and the tax year officially ending the UK on the 6th of April. All capital gains must be declared before the window closes or an American trader will face the powerful and long arm of the IRS with the consequent legal proceedings and possible jail time. Capital gains taxes around the world vary from jurisdiction to jurisdiction but there are often incentives for cryptocurrency holders to refrain from trading for over a year to qualify their profits as long term gain when they finally sell. In the US and Australia, for example, capital gains are reduced if you bought cryptocurrency for investment purposes and held it for over a year. In Germany if crypto assets are held for over a year then the gains derived from their sale are not taxed. Advantages like this apply to individual tax returns, on a case by case basis, and it is up to the investor to keep up to date with the tax codes of the territory in which they reside.
2013 Bull run vs 2017 Bull run price Analysis
In late 2016 cryptocurrency traders were faced with the task of distinguishing between the beginnings of a genuine bull run and what might colorfully be called a “dead cat bounce” (in traditional market terminology). Stagnation had gripped the market since the pull-back of early 2014. The meteoric rise of Bitcoin’s price in 2013 peaked with a price of $1,100 in November 2013, after a year of fantastic news on the adoption front with both Microsoft and PayPal offering BTC payment options. It is easy to look at a line going up on a chart and speak after the fact, but at the time, it is exceeding difficult to say whether the cat is actually climbing up the wall, or just bouncing off the ground. Here, we will discuss the factors that gave savvy investors clues as to why the 2017 bull run was going to outstrip the 2013 rally. Hopefully this will help give insight into how to differentiate between the signs of a small price increase and the start of a full scale bull run. Most importantly, Volume was far higher in 2017. As we can see in the graphic below, the 2017 volume far exceeds the volume of BTC trading during the 2013 price increase. The stranglehold MtGox held on trading made a huge bull run very difficult and unlikely.
Fraud & Immoral Activity in the Private Market
Ponzi Schemes Cryptocurrency Ponzi schemes will be covered in greater detail in Lesson 7, but we need to get a quick overview of the main features of Ponzi schemes and how to spot them at this point in our discussion. Here are some key indicators of a Ponzi scheme, both in cryptocurrencies and traditional investments: A guaranteed promise of high returns with little risk. Consistentflow of returns regardless of market conditions. Investments that have not been registered with the Securities and Exchange Commission (SEC). Investment strategies that are a secret, or described as too complex. Clients not allowed to view official paperwork for their investment. Clients have difficulties trying to get their money back. The initial members of the scheme, most likely unbeknownst to the later investors, are paid their “dividends” or “profits” with new investor cash. The most famous modern-day example of a Ponzi scheme in the traditional world, is Bernie Madoff’s $100 billion fraudulent enterprise, officially titled Bernard L. Madoff Investment Securities LLC. And in the crypto world, BitConnect is the most infamous case of an entirely fraudulent project which boasted a market cap of $2 billion at its peak.
What are the Exchange Hacks?
The history of cryptocurrency is littered with examples of hacked exchanges, some of them so severe that the operation had to be wound up forever. As we have already discussed, incredibly tech savvy and intelligent computer hackers led by Alexander Vinnik stole 850000 BTC from the MtGox exchange over a period from 2012–2014 resulting in the collapse of the exchange and a near-crippling hammer blow to the emerging asset class that is still being felt to this day. The BitGrail exchange suffered a similar style of attack in late 2017 and early 2018, in which Nano (XRB) was stolen that was at one point was worth almost $195 million. Even Bitfinex, one of the most famous and prestigious exchanges, has suffered a hack in 2016 where $72 million worth of BTC was stolen directly from customer accounts.
Hardware Wallet Scam Case Study
In late 2017, an unfortunate character on Reddit, going by the name of “moody rocket” relayed his story of an intricate scam in which his newly acquired hardware wallet was compromised, and his $34,000 life savings were stolen. He bought a second hand Nano ledger into which the scammers own recover seed had already been inserted. He began using the ledger without knowing that the default seed being used was not a randomly assigned seed. After a few weeks the scammer struck, and withdrew all the poor HODLer’s XRP, Dash and Litecoin into their own wallet (likely through a few intermediary wallets to lessen the very slim chances of being identified).
Hardware Wallet Scam Case Study Social Media Fraud
Many gullible and hapless twitter users have fallen victim to the recent phenomenon of scammers using a combination of convincing fake celebrity twitter profiles and numerous amounts of bots to swindle them of ETH or BTC. The scammers would set up a profile with a near identical handle to a famous figure in the tech sphere, such as Vitalik Buterin or Elon Musk. And then in the tweet, immediately following a genuine message, follow up with a variation of “Bonus give away for the next 100 lucky people, send me 0.1 ETH and I will send you 1 ETH back”, followed by the scammers ether wallet address. The next 20 or so responses will be so-called sockpuppet bots, thanking the fake account for their generosity. Thus, the pot is baited and the scammers can expect to receive potentially hundreds of donations of 0.1 Ether into their wallet. Many twitter users with a large follower base such as Vitalik Buterin have taken to adding “Not giving away ETH” to their username to save careless users from being scammed.
Market Manipulation
It also must be recognized that market manipulation is taking place in cryptocurrency. For those with the financial means i.e. whales, there are many ways in which to control the market in a totally immoral and underhanded way for your own profit. It is especially easy to manipulate cryptos that have a very low trading volume. The manipulator places large buy orders or sell walls to discourage price action in one way or the other. Insider trading is also a significant problem in cryptocurrency, as we saw with the example of blatant insider trading when Bitcoin Cash was listed on Coinbase.
Examples of ICO Fraudulent Company Behavior
In the past 2 years an astronomical amount of money has been lost in fraudulent Initial Coin Offerings. The utmost care and attention must be employed before you invest. We will cover this area in greater detail with a whole lesson devoted to the topic. However, at this point, it is useful to look at the main instances of ICO fraud. Among recent instances of fraudulent ICOs resulting in exit scams, 2 of the most infamous are the Benebit and PlexCoin ICOs which raised $4 million for the former and $15 million for the latter. Perhaps the most brazen and damaging ICO scam of all time was the Vietnamese Pincoin ICO operation, where $660million was raised from 32,000 investors before the scammer disappeared with the funds. In case of smaller ICO “exit scamming” there is usually zero chance of the scammers being found. Investors must just take the hit. We will cover these as well as others in Lesson 7 “Scam Projects”.
Signposts of Fraudulent Actors
The following factors are considered red flags when investigating a certain project or ICO, and all of them should be considered when deciding whether or not you want to invest. Whitepaper is a buzzword Salad: If the whitepaper is nothing more than a collection of buzzwords with little clarity of purpose and not much discussion of the tech involved, it is overwhelmingly likely you are reading a scam whitepaper.
Signposts of Fraudulent Actors §2
No Code Repository: With the vast majority of cryptocurrency projects employing open source code, your due diligence investigation should start at GitHub or Sourceforge. If the project has no entries, or nothing but cloned code, you should avoid it at all costs. Anonymous Team: If the team members are hard to find, or if you see they are exaggerating or lying about their experience, you should steer clear. And do not forget, in addition to taking proper precautions when investing in ICOs, you must always make sure that you are visiting authentic web pages, especially for web wallets. If, for example, you are on a spoof MyEtherWallet web page you could divulge your private key without realizing it and have your entire portfolio of Ether and ERC-20 tokens cleaned out.
Methods to Avoid falling Victim
Avoiding scammers and the traps they set for you is all about asking yourself the right questions, starting with: Is there a need for a Blockchain solution for the particular problem that a particular ICO is attempting to solve? The existing solution may be less costly, less time consuming, and more effective than the proposals of a team attempting to fill up their soft cap in an ICO. The following quote from Mihai Ivascu, the CEO of Modex, should be kept in mind every time you are grading an ICO’s chances of success: “I’m pretty sure that 95% of ICOswill not last, and many will go bankrupt. ….. not everything needs to be decentralized and put on an open source ledger.”
Methods to Avoid falling Victim §2 Do I Trust These People with My Money, or Not?
If you continue to feel uneasy about investing in the project, more due diligence is needed. The developers must be qualified and competent enough to complete the objectives that they have set out in the whitepaper.
Is this too good to be true?
All victims of the well-known social media scams using fake profiles of Vitalik Buterin, or Bitconnect investors for that matter, should have asked themselves this simple question, and their investment would have been saved. In the case of Bitconnect, huge guaranteed gains proportional to the amount of people you can get to sign up was a blatant pyramid scheme, obviously too good to be true. The same goes for Fake Vitalik’s offer of 1 ether in exchange for 0.1 ETH.
Selling Cryptocurrencies, Several reasons for selling with the appropriate actions to take:
If you are selling to buy into an ICO, or maybe believe Ether is a safer currency to hold for a certain period of time, it is likely you will want to make use of the Ether pair and receive Ether in return. Obviously if the ICO is on the NEO or WANchain blockchain for example, you will use the appropriate pair. -Trading to buy into another promising project that is listing on the exchange on which you are selling (or you think the exchange will experience a large amount of volume and become a larger exchange), you may want to trade your cryptocurrency for that exchange token. -If you believe that BTC stands a good chance of experiencing a bull run then using the BTC trading pair is the suitable choice. -If you believe that the market is about to experience a correction but you do not want to take your gains out of the market yet, selling for Tether or “tethering up” is the best play. This allows you to keep your locked-in profits on the exchange, unaffected by the price movements in the cryptocurrency markets,so that you can buy back in at the most profitable moment. -If you wish to “cash out” i.e. sell your cryptocurrency for fiat currency and have those funds in your bank account, the best pair to use is ETH or BTC because you will likely have to transfer to an exchange like Kraken or Coinbase to convert them into fiat. If the exchange offers Litecoin or Bitcoin Cash pairs it could be a good idea to use these for their fast transaction time and low fees.
Selling Cryptocurrencies
Knowing when and how to sell, as well as strategies to inflate the value of your trade before sale, are important skills as a trader of any product or financial instrument. If you are satisfied that the sale itself of the particular amount of a token or coin you are trading away is the right one, then you must decide at what price you are going to sell. Exchanges exercise their own discretion as to which trading “pairs” they will offer, but the most common ones are BTC, ETH, BNB for Binance, BIX for Bibox etc., and sometimes Tether (USDT) or NEO. As a trader, you decide which particular cryptocurrency to exchange depending on your reason for making that specific trade at that time.
Methods of Sale
Market sell/Limit sell on exchange: A limit sell is an order placed on an exchange to sell as soon as (also specifically only if and when) the price you specified has been hit within the time limit you select. A market order executes the sale immediately at the best possible price offered by the market at that exact time. OTC (or Over the Counter) selling refers to sale of securities or cryptocurrencies in any method without using an exchange to intermediate the trade and set the price. The most common way of conducting sales in this manner is through LocalBitcoins.com. This method of cryptocurrency selling is far riskier than using an exchange, for obvious reasons.
The influence and value of your Trade
There are a number of strategies you can use to appreciate the value of your trade and thus increase the Bitcoin or Ether value of your portfolio. It is important to disassociate yourself from the dollar value of your portfolio early on in your cryptocurrency trading career simply because the crypto market is so volatile you will end up pulling your hair out in frustration following the real dollar money value of your holdings. Once your funds have been converted into BTC and ETH they are completely in the crypto sphere. (Some crypto investors find it more appropriate to monitor the value of their portfolio in satoshi or gwei.) Certainly not limited to, but especially good for beginners, the most reliable way to increase your trading profits, and thus the overall value and health of your portfolio, is to buy into promising projects, hold them for 6 months to a year, and then reevaluate. This is called Long term holding and is the tactic that served Bitcoin HODLers quite well, from 2013 to the present day. Obviously, if something comes to light about the project that indicates a lengthy set back is likely, it is often better to cut your losses and sell. You are better off starting over and researching other projects. Also, you should set initial Price Points at which you first take out your original investment, and then later, at which you take out all your profits and exit the project. That should be after you believe the potential for growth has been exhausted for that particular project.
Another method of increasing the value of your trades is ICO flipping. This is the exact opposite of long term holding. This is a technique in which you aim for fast profits taking advantage of initial enthusiasm in the market that may double or triple the value of ICO projects when they first come to market. This method requires some experience using smaller exchanges like IDEX, on which project tokens can be bought and sold before listing on mainstream exchanges. “Tethering up” means to exchange tokens or coins for the USDT stable coin, the value of which is tethered to the US Dollar. If you learn, or know how to use, technical analysis, it is possible to predict when a market retreatment is likely by looking at the price movements of BTC. If you decide a market pull back is likely, you can tether up and maintain the dollar value of your portfolio in tether while other tokens and coins decrease in value. The you wait for an opportune moment to reenter the market.
Market Behavior in Different Time Periods
The main descriptors used for overall market sentiment are “Bull Market” and “Bear Market”. The former describes a market where people are buying on optimism. The latter describes a market where people are selling on pessimism. Fun (or maybe not) fact: The California grizzly bear was brought to extinction by the love of bear baiting as a sport in the mid 1800s. Bears were highly sought after for their intrinsic fighting qualities, and were forced into fighting bulls as Sunday morning entertainment for Californians. What has this got to do with trading and financial markets? The downward swipe of the bear’s paws gives a “Bear market” its name and the upward thrust of a Bull’s horns give the “Bull Market” its name. Most unfortunately for traders, the bear won over 80% of the bouts. During a Bull market, optimism can sometimes grow to be seemingly boundless, volume is rising, and prices are ascending. It can be a good idea to sell or rebalance your portfolio at such a time, especially if you have a particularly large position in one holding or another. This is especially applicable if you need to sell a large amount of a relatively low-volume holding, because you can then do so without dragging the price down by the large size of your own sell order.
Learn more on common behavioral patterns observed so far in the cryptocurrency space for different coins and ICO tokens.
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The cryptomarket today

Much has been said about the death of Initial Coin Offering, but according to the father of the ICO standard (ERC20), Fabian Vogelsteller, ICO and Bitcoin, they are more than alive, they are waiting for a good time for this economy, despite the fact that bad times have been seen in the last year and the reduction of chip sales by 80%, the Bitcoin is still a market that does not have a financial crisis. The ICOs are not dead and they are still superior to the traditional financing, in fact the one that continues to grow only shows that the ICOs are an international market. However, it is necessary to talk about tokens, in this economy there are no issuers, custodies or any infrastructure that works, in the words of Vogelsteller, it is necessary to create zero-margin public services that allow an economy in abundance to control this technology, as well, it is necessary to create true international capital market and a better distribution of that capital, it will open financing requests, a wave of innovation that allows the measurement and incentive of the objectives. This is a self-cleaning process, and everything indicates a rebound for the recovery of cryptomoney prices.
In less encouraging news for the Bitcoin market; Hester Peirce, commissioner of the US Securities and Exchange Commission (SEC) and Brian Quintez of the Commodity Futures Trading Commission, have given statements that do not give high expectations that the cryptocurrency enters the game of the SEC and the CFTC, as well as their positions with reference to future contracts and exchange funds with Bitcoin. Pierce expressed his concern about the approach with the cryptocurrency, in his opinion it needs a solid base to support any commercial action, it is a non-derecognized market, to enter the stock market, the SEC must do an exhaustive investigation to deeper compression. On the other hand, Brian Quintez, expressed different opinions on the subject, such as the suggestion that the Bitcoin market requires a jurisdiction to mitigate fraud. However, both gave a time called "review period" for the creation of a self-certification system for exchanges, and even spoke of the collaboration of agencies to achieve the approval of the list.
For many it is a surprise that on February 20, the cryptocurrency transaction mediation platform, Binance, launched its decentralized Binance DEX platform. For many this is a dream, the decentralization of this economy, a paradox in itself. Binance DEX is a test model in the public network, unlike its usual platform, this is not controlled by the company, DEX gives users in full control of their data and their keys, this platform is within the site of Binance, where customers create banknotes and exchange by themselves. With DEX the person enjoys full control of their cryptographic funds and connects directly to a commercial network providing personal information. The CEO of Binance, Changpeng Zhao, has come on notice that in his view decentralization is not safe, each person exchanges at his own risk, so there are certain fees and list review that makes it a not completely decentralized service, there are certain filters. This platform will serve as a model and test for the decentralization of Bitcoin transactions.
submitted by mineriavirtual to u/mineriavirtual [link] [comments]

"The Big Picture" - Dollar Vigilante November Newsletter

It has been an interesting week for me.
First, I was invited to speak at World Crypto CON in Las Vegas and then shortly before the event they told me I couldn’t speak. At the same time they told most of my other anarchist friends they also couldn’t speak and/or they were banned from the event, including Ben Swann, Luke Rudkowski and Josh Sigurdson of World Alternative Media.
I was already in Texas for the Texas Bitcoin Conference and I mostly just wanted to play in their crypto poker tournament anyway so I went to Vegas.
All manner of strange people seemed to be coming up to me, including one woman speaking in tongues. And, a weird energy surrounded the event... so much so that my body was shaking the entire time.
Then they also didn’t allow me to play in the poker event! I paid one guy some BTC to buy his chips and they threatened to call the police on me! I know what happens next when that happens so I left the premises.
Later that night, Josh Sigurdson was poisoned and barely survived. Other anarchists I knew who were there were being accosted, having their phones stolen and other aggressions.
I should mention this all occurred on Halloween. Day of the dead. Whatever happened, karma struck instantly and no one showed up! I then got a message from my wife that she wanted me to come home immediately and I was happy to do so.
She told me that God told her that we had to tell everyone to repent immediately before it was too late and she went into two days of screaming, crying and became delirious after three days without eating or sleeping.
Eventually we had to get her to the hospital to get her calmed down. I’ve spent the last two days with her there and we just returned home as they gave her a number of things to relax her.
Is something strange going on? It sure feels like it. In any case, as I stated in the last newsletter, no matter what happens I am just going to continue on with my work (although spending more time with my family is also a priority) helping people to wake up... that’s all I can do.
Current Events
As I write it is the midterm selections in the USSA. Yet another, “most important election in our lifetime.” All fear propaganda to try to make believe that voting will fix this evil system of slavery. It won’t. But, when they say this is the "election of our lifetimes" they are right on one thing. Politics, central banks and government are very close to destroying the entire world.
Elect to walk away from it all now before it is too late. I know I don’t have to tell TDVers that but it is worth reiterating.
And, the results are in. Anarchy won like it has every single selection.
And the wars continue killing or destroying the lives of millions of innocents, Americans continue to get extorted for trillions of dollars per year, millions of innocents remain in cages in rape camps and the Federal Reserve continues to impoverish and steal from everyone.
Meanwhile, in things that actually matter, the battle over bitcoin has hastened dramatically. But, you wouldn’t know it from the price action.
The complete lack of volatility has only gotten worse (or better if you are in the “volatility is bad for bitcoin” camp).
Here is a chart of bitcoin on October 27th.
For a 24 hour period it traded within a $15 band! It’s like the whole world is just waiting to see what happens next.
And, what will happen next? I am still expecting a panic sell-off along with all worldwide markets followed by a price explosion.
We did make it through October without that happening, but I have pointed out November is also a prime month for it to occur. If nothing major occurs in November then I may have to reassess.
The US stock markets continue to hang in there but really only propped up by a minority of stocks as this tweet from early October points out.
Bank stocks, which are probably one of the most important to watch are off 17% from January of this year.
Meanwhile, crypto exchange Binance made more profit than Deutsche Bank in the second quarter of this year!
As I said last issue, things really couldn’t be going better for the cryptospace, right as it appears that bank stocks and the market as a whole is on the verge of collapse.
On October 26th, the CEO of Visa, Al Kelly, said that he “certainly” does not view cryptocurrencies as a threat to his business right now, but added that “if we have to go there, we’ll go there.”
You’ll have to go there Kelly... better start working on your resume. Taiwanese smartphone maker HTC is about to release its first blockchain-powered handset in cryptocurrencies, making it the first big name in the industry to accept only digital currencies as payment.
Exodus 1, the first version of HTC’s blockchain phone, is priced at 0.15 BTC or 4.78 ETH, which in current trading equates to about US$960.
HTC first announced the Exodus phone in May, which features a built-in digital wallet that will enable users to store and trade cryptocurrencies.
But, the game changing news is that ICE, the owner of the New York Stock Exchange, has announced they will launch their new digital asset platform, Baakt, on December 12th. This will enable traditional institutional investors to easily invest into the bitcoin market.
The total bitcoin market right now is about a $110 billion market cap.
Total value of financial asset worldwide is estimated to be over $300 trillion. Which means bitcoin is only 0.03% of total financial assets held in the world.
If, say, only 1% of that $300 trillion were to go into bitcoin, that would mean $3 trillion would be trying to enter a market worth $100 billion.
In other words, if you don’t own bitcoin and other cryptos by December 12th... don’t do that. And, don’t forget precious metals either.
FinIst analyst Denis Lisitsyn recently said on RT, “The aggressive US policy in recent years has forced some countries to look for an alternative to the dollar and replenish their gold reserves. Worries about the future growth of global economy are an additional incentive for purchases. Many question Donald Trump’s protectionism.”
Sounds like he has been listening to TDV’s Ed Bugos!
In the same article, Vladimir Rojankovsky, LIFA, expert at the International Financial Center said that Hungary, Poland, Russia, China, India, Turkey and Saudi Arabia are all hoarding gold.
This, after Russian ownership of US Treasury bonds dropped from $96.1 billion in March to an 11-year low of $14.9 billion in May.
The writing is on the wall. And almost the entire public has no idea what is happening.
Luckily you do, so stick with us here as we give you are best guidance on how to survive and prosper during and after the dollar collapse.
And get right with your family and God. I’ve had a few moments in the last week where I thought it might be all over and each time I felt despondent knowing I still haven’t done enough. Don’t wait too long.
Coming Events
Due to my wife being in the hospital recently I cancelled going to Steemfest in Poland. I was also going to go to Iran and Iraq on that trip. But, I’ve decided family has to come before work in this respect.
Which means, really, my next major events are close to home with the TDV Summit on February 12-13th and Anarchapulco/Cryptopulco from February 14-17th.
I couldn’t help notice that World Crypto Con, which seemed to be out to kill all of us anarchists, was on October 31st and Anarchapulco starts on Valentine’s Day. Because it is really all about love.
If you haven’t checked out the TDV Summit page lately, check it out. We’ve added a number of great speakers and I still have a few surprises to announce. It is two full days this year and I am able to focus on it fully for the first time as we have a professional management team running Anarchapulco now. And, included in the price is a gala dinner to be held on the evening of February 12th.
And, Anarchapulco just released its main stage speaker list (there will be 5 stages this year). It’s quite the list! Jeffrey Tucker - Anarchapulco Master of Ceremonies
Ron Paul Former - Congressman, Author of 'End the Fed'
Andrew Napolitano - Senior Judicial Analyst for Fox News
David Icke - Ground breaking Author & Public Speaker
Doug Casey - Founder of Casey Research
Cynthia McKinney - Activist, Former US Representative
Jeff Berwick - Founder of Anarchapulco, The Dollar Vigilante, and Anarchast
Dayna Martin - Author, Speaker, Midwife, Unschooling & Peaceful Parenting Advocate
Derrick Broze - Creator, The Conscious Resistance Network
Luke Rudkowski - Journalist, Founder of WeAreChange.org
Max Igan - Host of The Crowhouse
G. Edward Griffin - Author of 'Creature from Jekyll Island'
Mark Passio - Independent Researcher
Sasha Daygame - Author, Men’s Coach, Spiritual Adventurer
Ole Dammegard - Truth Seeker, Code Breaker, and Peace Maker
Thaddeus Russell - Historian, Podcaster, Founder of Renegade University
Anil Gupta - Author of 'Immediate Happiness'
Brien Foerster - Author of 'Lost Ancient Technology'
Eric July - Frontman of BackWordz, Co-founder of Being Libertarian
Matt Phillips - Past President of Free State Project, Ambassador, Activist, Entrepreneur - Dr. Sherri Tenpenny
Physician Entrepreneur & Vaccine Activist
Vit Jedlicka - President of Liberland
Joe Quirk - President of The Seasteading Institute
Becca Tzigany - Activist & Author, Venus and Her Lover
Joel Bowman - International Man
Jonny Dupre - Psycho-Social Coach & Trainer - The International Man
Vin Armani - CryptoSavage
Avens O'Brien - 2nd Generation Liberty Activist
Tim Moen - Leader of the Libertarian Party of Canada
Gina Carr - Blockchain Company Leader, Author, Emerging Technology Expert
Tata Meche, José Merced Velazquez Pañeda Tata - Town Elder, Cheran, Michoacan
There are even more announcements soon, including Larken Rose and many more. And, we haven’t announced the Cryptopulco speaker list yet. It should come out in the next week. You won’t want to miss it.
Anarchapulco will likely sell out by January. And all 1,000 rooms in the Princess Hotel are already close to sold out, so if you want to stay on premises, make sure to book your room now. If you miss it, don’t worry, we’ll likely be filling up a hotel nearby down the beach too!
And, don’t worry about what might happen in the future. Live in the present. Own some precious metals and cryptocurrency. Work on yourself, physically, mentally and spiritually. And spend more time with your loved ones.
Everything else will work itself out.
Now, I’m going to go watch Lord of the Rings with my wife and kids. “Hey kids, did you know that ring of power is an allegory for central banks and government?”
Thank you, as always, for being a subscriber!
Jeff Berwick
submitted by 2012ronpaul2012 to C_S_T [link] [comments]

Subreddit Stats: NewYorkCoin posts from 2017-07-24 to 2018-04-09 09:00 PDT

Period: 258.76 days
Submissions Comments
Total 543 3256
Rate (per day) 2.10 12.57
Unique Redditors 205 474
Combined Score 3835 6264

Top Submitters' Top Submissions

  1. 1067 points, 120 submissions: hivewalletvictim
    1. Welcome Pro Snowboarder Jeff Sponzo to TEAM NYC! NewYorkCoin (NYC) has sponsored professional snowboarder Jeff Sponzo (instagram: @sp0nzo) Wish Jeff luck! He's competing in Oslo, Norway and spreading the word about NYC on his world tour!!! (33 points, 6 comments)
    2. An exhaustive email explaining NYC "roadmap" to the 'hype and scam' crowd. PLEASE READ. (31 points, 59 comments)
    3. 1,000,000 NYC BOUNTIES for every new retail/storefront business YOU get to accept NewYorkCoin in New York City. Business owner downloads Coinomi Wallet (beta) from link at newyorkcoin.net and prints their QR code for customers to pay! Business owner receives 1,000,000 NYC too! (27 points, 11 comments)
    4. Gila's Nosh | 23rd Street NOW ACCEPTS NYC! (24 points, 7 comments)
    5. LEASE NEGOTIATIONS IN PROCESS FOR AN AMAZING GALLERY SPACE IN LOWER EAST SIDE, MANHATTAN! THE NEW YORK COIN CENTER WILL BE OPENING SOON IN MANHATTAN. (24 points, 18 comments)
    6. 3 new businesses NOW ACCEPT @NewYorkCoinNYC ! Eqwipped Entertainment Recording Studio | Greenpoint, Brooklyn, An Nails Salon | Orlando, FL, Khameleon Koatings | Brattleboro, VT. newyorkcoin.net/#real (23 points, 6 comments)
    7. Another new business ACCEPTING NYC in Manhattan! Welcome the NYC Falafel Co of the Lower East Side to TEAM NYC. Merchant acceptance of NYC is starting to gain momentum... (20 points, 7 comments)
    8. NYC NOW ACCEPTED AT 14 BUSINESSES (and growing!). Welcome Paul Zepeda Gallery and Grown Fresh NYC to TEAM NYC. (19 points, 0 comments)
    9. Centre Finest Deli | New York, NY | Bitcoin ATM location | Now Supports NewYorkCoin | Acceptance Coming Soon (18 points, 4 comments)
    10. NYC Electrum-X now on github! Pull request also made to the original project: https://github.com/kyuupichan/electrumx/pull/354, once it's accepted it will be included in the master branch of electrum-x. Tip Coinomi devs! (18 points, 9 comments)
  2. 215 points, 27 submissions: Tnyc2477
    1. Calm (15 points, 10 comments)
    2. NewYorkCoin is on coinomi wallet. Coinomi is a security-first multi-asset wallet that provides native support and true ownership for 96 coins and 244 tokens, for a total of total of 340 coins and tokens, available in 168 fiat currency representations and 25 languages. (15 points, 14 comments)
    3. One special pitch for our coin to one special exchange (14 points, 10 comments)
    4. So You Want to Own Some NewYorkCoin (NYC) But Don’t Know Where to Start! Here is an Easy Guide for Beginners (14 points, 3 comments)
    5. That Perfect, Rich Exchange Everyone Needs (13 points, 7 comments)
    6. NYC Discord 2nd Meeting 1-24-2018.mp4 - Google Drive (12 points, 5 comments)
    7. Analysis of The Institutional Money On NewYorkCoin and What Our Main Objective Really Is (11 points, 7 comments)
    8. Looks a bit more crowded there on the list of Markets to trade NYC :-) (11 points, 2 comments)
    9. Please also join us at nycoincommunity for important posts from dev team. Thank you. (11 points, 20 comments)
    10. For Newly Joined Community Memebers (10 points, 0 comments)
  3. 150 points, 12 submissions: jamesburrell2
    1. Wall Street Journal article about NewYorkCoin (35 points, 25 comments)
    2. NewYorkCoin featured in Crains NewYork magazine (21 points, 5 comments)
    3. ***MUST READ FOR NEWBIES (NOOBS) trying to understanding what NewYorkCoin and other cryptocurrencies are (and are not). Very easy to read and written by a top player in the cryptocurrency space. (14 points, 2 comments)
    4. Great arguments for why NewYorkCoin's code is better for P2P micropayments than Bitcoin (14 points, 1 comment)
    5. My analogy for the early growing community of NewYorkCoin enthusiasts (NewYorkCoin is the abandoned cars and the garage is the bottom of CoinMarketCap) (13 points, 3 comments)
    6. NewYorkCoin is a technological improvement for informal value transfer systems and local currencies (12 points, 1 comment)
    7. A reminder of Bitcoin's price trajectory and potential trajectory for NewYorkCoin enthusiasts (10 points, 0 comments)
    8. YouTube user Coinreview was pretty early in identifying the promise of NewYorkCoin. (9 points, 0 comments)
    9. Good article why the NewYorkCoin community shouldn't judge the value of the coin by marketcap alone (8 points, 0 comments)
    10. Good video by the LitePay CEO (5 points, 0 comments)
  4. 129 points, 11 submissions: nodecache
    1. A New York Coin Development Vision: How BTC could be 'powered by NYC' via Lightning Network (20 points, 27 comments)
    2. Fast 'n Free Forever: an inflationary vision for a Proof of Stake New York Coin (19 points, 13 comments)
    3. Ask shapeshift and changelly to add NYC now that we're on Coinomi (18 points, 9 comments)
    4. BTC: powered by NYC - 1.1 Million NYC bounty raised for Segwit implementation (11 points, 29 comments)
    5. Requested NYC on Polo today, where are you requesting it? (11 points, 8 comments)
    6. 250,000 NYC Bounty to developer(s) to implement Segwit w/ intent to make NYC a BTC cash layer (10 points, 49 comments)
    7. Bounty update: Segwit/Lightning on NYC Roadmap (10 points, 6 comments)
    8. Alternative rebrand concept for a real artist to alter (9 points, 3 comments)
    9. Donation Address for Segwit Bounty: RGpAYLk2CtsLvBQBENQyNUhJyF8QH2zC53 (8 points, 30 comments)
    10. NYC is Checking Account to Bitcoin's Savings Account (7 points, 10 comments)
  5. 115 points, 13 submissions: gopes11
    1. Found this gem in one of the earlier posts. A lot of Great reads btw.. this guy nailed NYC (19 points, 0 comments)
    2. NYC VALUE (18 points, 1 comment)
    3. Only way NYC will go big is if we as a community come together and make it big. It’s not magic, we are investors and it is our duty to help this coin grow so developers have enough resources to further the project. (18 points, 9 comments)
    4. More exchanges is the solution (14 points, 6 comments)
    5. Dallas Mavericks announced they will accept Cryptocurrency next season.. (13 points, 3 comments)
    6. NYC ATMs (6 points, 3 comments)
    7. Reducing the supply (6 points, 2 comments)
    8. Did anyone meet up yesterday? (5 points, 5 comments)
    9. What is the next step and how can we help? (5 points, 1 comment)
    10. Go vote. Get our name out there (4 points, 0 comments)
  6. 95 points, 7 submissions: kyguy17
    1. Please vote for NYC to go on more exchanges (18 points, 13 comments)
    2. Adding NYC to tradesatoshi.com (17 points, 12 comments)
    3. Trade satoshi (16 points, 11 comments)
    4. We are accepted in Trade satoshi but (16 points, 3 comments)
    5. Added another exchange! This will be number four if we can pull it off. (15 points, 17 comments)
    6. Great job everybody that donated! I want to thank everyone for that and I want to personally thank everyone that trusted me on handling the funds. (10 points, 4 comments)
    7. Why did coinomi delist NYCoin? (3 points, 26 comments)
  7. 74 points, 15 submissions: dynamicmormon
    1. A new business accepts the New York Coin. Here the link: http://www.extravagantllc.com/ (14 points, 1 comment)
    2. New acceptance of New York coin found the community website. Please look there. There is an artist mentioned. (11 points, 0 comments)
    3. Cryptonator (8 points, 0 comments)
    4. I saw something that shows the Coins gets international (8 points, 3 comments)
    5. Crex24 (7 points, 3 comments)
    6. A question about New York Coin (4 points, 12 comments)
    7. A further press report found (3 points, 1 comment)
    8. Fork (3 points, 2 comments)
    9. How are the experiences with the New York Coin Center? (3 points, 45 comments)
    10. Huobi (3 points, 0 comments)
  8. 74 points, 9 submissions: NYCoinIsTheFuture
    1. NYC Website (16 points, 18 comments)
    2. It is imperative we get this coin on SEVERAL different exchanges (11 points, 7 comments)
    3. For whomever wins the website contest (10 points, 2 comments)
    4. One last request, could we please somehow remove the scam-like all caps description under the Google search page, something as simple as New York Coin (NYC) would be good. It just doesn't feel very professional, I'm sure others agree. (9 points, 2 comments)
    5. More exchanges - stay hungry. (8 points, 3 comments)
    6. NewYorkCoin price predictions? Expectations for 2018? (7 points, 5 comments)
    7. Website Contest (7 points, 14 comments)
    8. Which website are we going with??? (4 points, 6 comments)
    9. NYC PREDICTIONS (2 points, 3 comments)
  9. 69 points, 19 submissions: NewYorkCoin
    1. THE NEW YORK COIN CENTER (12 points, 3 comments)
    2. NYC (24hr) trading volume passing $1m!!! Coinmarketcap is fixing bug that is stopping updating of volume. All markets offline at coinmarketcap. NYC TRADING VOLUME IS EXPLODING!!! (10 points, 4 comments)
    3. WIN 1,000,000 NYC! (7 points, 5 comments)
    4. newyorkcoin.net is now multi-lingual ! NYC in 17 most popular languages. Links at bottom of homepage. 1/2 on left side now completed, the rest will be live by end of weekend (7 points, 7 comments)
    5. NYC IS STARTING TO MOVE!!! NewYorkCoin getting ready to break into TOP 300 at coinmarketcap. BUY NYC AT YOBIT! Coinomi in December. NYC ATM's in January. NEW YORK COIN CENTER coming in 2018! (5 points, 0 comments)
    6. $30,000 trading volume now. And climbing... Will NYC break $50,000/day for the first time EVER soon... P.S. This is BEFORE Coinomi adds NYC! (3 points, 1 comment)
    7. MEET NEW YORK COIN (NYC) (3 points, 0 comments)
    8. THE NEW YORK COIN CENTER is looking better and better by the day! (3 points, 3 comments)
    9. Can you find any more NYC cheapies under 0.00004? Are those gone forever? Next cheapies to disappear 0.00005. My prediction is that by end of this weekend, the CHEAPEST NYC you can ever buy again will be 0.00008 (maybe higher!) nycoin.net (2 points, 2 comments)
    10. FIND NEW YORK COIN AT 2017 MACY*S THANKSGIVING DAY PARADE! (2 points, 4 comments)
  10. 63 points, 4 submissions: throwawayhey1234w
    1. New website idea. The so called creator is absent from this, i can help with the website, we still need to get the blockchain working, rumbles of others workign on this but i think IF we want to drag this back from the dead we need to start reviving. (23 points, 29 comments)
    2. Nice Video For This Coin (21 points, 3 comments)
    3. Update on website, more pages. Now accpeting donations of new york coin so i can just keep powering through: REWEc7pAqxgD249pVm9aKBSaQU5nwzWhms (16 points, 9 comments)
    4. I am buying all in! (3 points, 4 comments)
  11. 61 points, 12 submissions: modoromodo
    1. Good job Newyorkcoin Team very interesting (28 points, 0 comments)
    2. NEW YORK COIN (NYC) PRICE LIVE, CRYPTOCURRENCY, NEWS, WIKI, PREDICTION (7 points, 4 comments)
    3. Who think nyc will make 0.01 soon (6 points, 6 comments)
    4. What are the best expectations for 2018 (5 points, 2 comments)
    5. NYC next year in top 10 ( very possible ) (4 points, 4 comments)
    6. SOON IN THE MOON (3 points, 0 comments)
    7. Is there news about ATMS (2 points, 2 comments)
    8. NEED MOR EXCHANGES FOR THIS COIN LIKE CRYPTOPIA . BINANCE . BITREX (2 points, 1 comment)
    9. New york coin in stocktwits (2 points, 1 comment)
    10. . (1 point, 1 comment)
  12. 53 points, 6 submissions: zer0san
    1. Reddit Banner & Marketing (17 points, 19 comments)
    2. New Variation: When needed I can make specific infographics for the website. (11 points, 5 comments)
    3. NYC Infographic Design for fun — Composition stolen from Sia ;) (8 points, 6 comments)
    4. New York Coin Reddit banner W.I.P (7 points, 13 comments)
    5. Plans for 2017/ Road map?? (7 points, 3 comments)
    6. Wanted to say Hi (3 points, 1 comment)
  13. 50 points, 4 submissions: ASSBORDERLINE
    1. COINOMI To add NYC In next update You can test NYC in there Beta App! (14 points, 2 comments)
    2. Just Bought 29 Million NYC (13 points, 14 comments)
    3. Reason Why NYC Rising & Brief History (13 points, 6 comments)
    4. ATM Coming very soon 😅 (10 points, 3 comments)
  14. 50 points, 4 submissions: CoinmaticNYC
    1. WISH US LUCK (ARTICLE ON CNBC REQUESTED)!!! (15 points, 7 comments)
    2. PLEAE READ!!! (14 points, 10 comments)
    3. FACEBOOK PAGE UPDATE (12 points, 1 comment)
    4. Quick maths bruv (9 points, 10 comments)
  15. 47 points, 7 submissions: lCyberneticl
    1. What do you all think? Anyone working on logo/graphics/advertising (20 points, 7 comments)
    2. Go NYC! (8 points, 0 comments)
    3. NYC (7 points, 1 comment)
    4. Work in progress! (5 points, 2 comments)
    5. My contribution to the website contest (3 points, 0 comments)
    6. Just an idea (2 points, 1 comment)
    7. NYC (2 points, 1 comment)
  16. 40 points, 1 submission: RealWorldCoins
    1. BREAKING NEWS! CNBC producer was at KEATS restaurant to video the first ever retail transaction using cryptocurrency, NY Coin.....This story is still developing and air date has not been disclosed. NY Coin is supposedly 20x faster than Bitcoin and does not have any fees. (40 points, 20 comments)
  17. 39 points, 5 submissions: NYC_NewYorkCoin
    1. If anyone can contact this place La Sirene in Manhattan, Im sure they will place the NYC sticker up (14 points, 6 comments)
    2. NYC New York Coin is now actively trading on Tradesatoshi.com Congrat's all. (8 points, 2 comments)
    3. NYC New York Coin This must be the coin!! (7 points, 0 comments)
    4. Picked up some more NYCoin! Lets Hope for the Best! NYC Coin 20X faster than Bitcoin NYC is simply more usable than Bitcoin. NYC is 20X faster to send, receive & confirm transactions. And 5X faster than Litecoin. NYC is much cheaper to use than Bitcoin or Litecoin. Actually, it's free! (7 points, 4 comments)
    5. New York Coin ,New York Coin, Start spreading the news You're leaving today Your vagabond shoes, they are longing to stray And steps around the heart of it, New York, New York -New York Frank Sinatra (3 points, 1 comment)
  18. 36 points, 4 submissions: nicovs_be
    1. ElectrumX and Electrum-NYC wallet by the newyorkcoin community (14 points, 0 comments)
    2. There's the 1st 2SAT NYC sells ever (11 points, 1 comment)
    3. KEATSBAR confirmation is now on the site (7 points, 5 comments)
    4. NYCoin Core Wallet Block data Download (Data up to date up to Jan 7th 9PM) (4 points, 5 comments)
  19. 35 points, 4 submissions: TweeknTekneek
    1. I bought in newyorkcoin !!! (15 points, 34 comments)
    2. I hope one day NYC coins are soo common, that they become the new digital coin for parking meters! (10 points, 0 comments)
    3. If and when NYC hits $0.01 - $0.10 (5 points, 8 comments)
    4. What is the best Walter for NYC? (5 points, 3 comments)
  20. 34 points, 5 submissions: fionaman
    1. Binance is Possible... (16 points, 7 comments)
    2. Will NYC make us millionaires? (8 points, 8 comments)
    3. We should try to get NYC on Coin Exchange (5 points, 2 comments)
    4. Lescovex vote - NYC #3 & "under consideration (3 points, 3 comments)
    5. Why is the total supply increasing? (2 points, 5 comments)

Top Commenters

  1. hivewalletvictim (611 points, 343 comments)
  2. Tnyc2477 (367 points, 171 comments)
  3. nodecache (340 points, 131 comments)
  4. dwilkes827 (168 points, 75 comments)
  5. nicovs_be (166 points, 74 comments)
  6. cryptonyxx (153 points, 62 comments)
  7. mariusadrian2103 (132 points, 42 comments)
  8. JohnSewards (122 points, 53 comments)
  9. zer0san (118 points, 48 comments)
  10. GiorgosK (110 points, 104 comments)
  11. kuch167 (102 points, 37 comments)
  12. jamesburrell2 (99 points, 39 comments)
  13. polkaberries (92 points, 47 comments)
  14. CoinmaticNYC (92 points, 32 comments)
  15. yarikd (90 points, 45 comments)
  16. GU1TARW0RLD- (69 points, 42 comments)
  17. kyguy17 (57 points, 21 comments)
  18. dynamicmormon (54 points, 30 comments)
  19. NewyorkCoinFrance (53 points, 21 comments)
  20. TweeknTekneek (52 points, 32 comments)

Top Submissions

  1. BREAKING NEWS! CNBC producer was at KEATS restaurant to video the first ever retail transaction using cryptocurrency, NY Coin.....This story is still developing and air date has not been disclosed. NY Coin is supposedly 20x faster than Bitcoin and does not have any fees. by RealWorldCoins (40 points, 20 comments)
  2. Wall Street Journal article about NewYorkCoin by jamesburrell2 (35 points, 25 comments)
  3. Welcome Pro Snowboarder Jeff Sponzo to TEAM NYC! NewYorkCoin (NYC) has sponsored professional snowboarder Jeff Sponzo (instagram: @sp0nzo) Wish Jeff luck! He's competing in Oslo, Norway and spreading the word about NYC on his world tour!!! by hivewalletvictim (33 points, 6 comments)
  4. An exhaustive email explaining NYC "roadmap" to the 'hype and scam' crowd. PLEASE READ. by hivewalletvictim (31 points, 59 comments)
  5. Good job Newyorkcoin Team very interesting by modoromodo (28 points, 0 comments)
  6. 1,000,000 NYC BOUNTIES for every new retail/storefront business YOU get to accept NewYorkCoin in New York City. Business owner downloads Coinomi Wallet (beta) from link at newyorkcoin.net and prints their QR code for customers to pay! Business owner receives 1,000,000 NYC too! by hivewalletvictim (27 points, 11 comments)
  7. Who is applying and sending in the info the exchanges require to get added ? Ill do it and pay the fees they require if someone will give me permission and materials I request. I’ll pay the fees as well they range $5000 to 20,000. Exchanges want money it’s that simple. by earthfunds (26 points, 10 comments)
  8. Logo Idea by shotxchance (25 points, 18 comments)
  9. LEASE NEGOTIATIONS IN PROCESS FOR AN AMAZING GALLERY SPACE IN LOWER EAST SIDE, MANHATTAN! THE NEW YORK COIN CENTER WILL BE OPENING SOON IN MANHATTAN. by hivewalletvictim (24 points, 18 comments)
  10. Gila's Nosh | 23rd Street NOW ACCEPTS NYC! by hivewalletvictim (24 points, 7 comments)

Top Comments

  1. 14 points: deleted's comment in LEASE NEGOTIATIONS IN PROCESS FOR AN AMAZING GALLERY SPACE IN LOWER EAST SIDE, MANHATTAN! THE NEW YORK COIN CENTER WILL BE OPENING SOON IN MANHATTAN.
  2. 12 points: hivewalletvictim's comment in An exhaustive email explaining NYC "roadmap" to the 'hype and scam' crowd. PLEASE READ.
  3. 12 points: yarikd's comment in dkbigmoney = Charlie K
  4. 11 points: zer0san's comment in Reddit Banner & Marketing
  5. 10 points: deleted's comment in I dreamt that NYC coin becomes #1 last night.
  6. 10 points: deleted's comment in LEASE NEGOTIATIONS IN PROCESS FOR AN AMAZING GALLERY SPACE IN LOWER EAST SIDE, MANHATTAN! THE NEW YORK COIN CENTER WILL BE OPENING SOON IN MANHATTAN.
  7. 10 points: bshaw2019's comment in Please release regular wallet updates and show that you are actually doing SOMETHING in terms of development.
  8. 10 points: jamesburrell2's comment in Wall Street Journal article about NewYorkCoin
  9. 10 points: nodecache's comment in Web page
  10. 9 points: 3mar7's comment in In an unbiased and honest opinion, what do you guys see this coin reaching in 1-2 years?
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It's necessary for a prominent trader to separate market tendencies from the emotions of the participants. Panic narratives are easily sold. CryptoBirb highlighted that people repeat mantras about a ‘dead Bitcoin’ that ‘will never recover’ solely on the basis of extreme market fear, but not on real evaluations of the crypto king's future. Binance CEO Changpeng Zhao made a statement worrying low-volume altcoin investors. Changpeng Zhao said it would be a “good idea” to remove altcoin units tha Binance is the world’s largest cryptocurrency exchange, managing billions of dollars in daily trading volumes. However, the exchange has also not been afraid to cut out assets that it believes ... Until today Bitcoin has died more than 350 times. We collect Bitcoin obituaries since 2010. Found a Bitcoin obituary? submit it to us. Following these events, CZ, CEO of Binance, made a call for calm to his followers, telling them that Bitcoin would not collapse. #bitcoin is not dead and certainly not going to 0. Don’t panic! — CZ Binance (@cz_binance) September 2, 2020. Although joking aside, part of the blame for this great red candle likely lies with both platforms’ failures. So interaction with customers is to be ... Quadriga, Canada's biggest cryptocurrency exchange, said it's unable to gain access to $145 million of bitcoin and other digital assets after Gerald Cotten, its 30-year old CEO and co-founder ... According to the list of articles with 382 deaths to-date, bitcoin was declared dead again on September 4, 2020. Is Bitcoin dead? For you to truly understand that Bitcoin is far from dead you need to get to know its characteristics. For Bitcoin to be sound money in this digital age it needs to have certain characteristics. Without them, Bitcoin would be just another digital item that would have no value. Fundamentally it is important to understand those ... Changpeng Zhao, the CEO of Binance, the world’s largest stock exchange, said that Bitcoin is not dead yet. #bitcoin is not dead and certainly not going to 0. Don't panic! — CZ Binance (@cz_binance) September 2, 2020. Use The Decline As Opportunity To Invest, S2F Still Valid. According to most experts, this decline should be seen as an opportunity for investment rather than a sell signal ... Bitcoin didn’t fall as much as some initially thought, though. Analysts say that this simple fact that Bitcoin didn’t capitulate on the news suggests that the “exchange FUD” narrative is dead. An underlying bid from institutional players may be supporting BTC’s price action. Bitcoin Not Budging on OKEx News, Other Exchange News Bullish

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Binance's Coley on what's behind the crypto surge

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