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Round up of Cryptocurrency News #2 Week 13/07 - 19/07
So much has happened this week! We saw a capitulation point of bitcoin before bears took over and we saw the selling pressure push Bitcoin down toward the $9000USD mark then move back up above $9100USD So far it has been a stable hold, however we may see some more action within the coming weeks.
Widespread scamming within the Twitter-sphere, Youtube and other platforms as Bitcoin and other cryptocurrencies may seem like fair game. Cryptocurrencies providing big payouts for scammers without the ability for reversals of accounts. Remember if something seems too good to be true, do some research or just plain do not respond/believe it. Stay safe and careful with your funds!
On the brightside, there has been even more adoption of cryptocurrencies as rumours of Paypal utilising cryptocurrency has been confirmed as they are developing crypto capabilities. In addition to this we received exciting news at the start of this week about Binance partnering with Swipe (SXP) and offering a debit card to spend BNB, SXP, BTC and BUSD. ( I will be keeping a swift eye on BNB and Swipe as its utilisation as tokens has just increased 43 fold).
Positive news for the Bitcoin network as its hashrate reaches all time high which helps to secure the network further even though mining profits have dropped by 50% from the recent halving. If you didn't know already the last Bitcoin will be expected to be mined in 2140 with its difficulty ever increasing and each time securing the network further. Processing units will have to become faster, stronger and most importantly more cost effective to continue to entice miners for the block rewards and further renewable energy practices.
Furthermore we can see Central banks and countries discussing and developing Central Bank Digital Currencies (CBDC). Read more about it here https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.asp and check out some of the developments in the world above. This shows the popularity and strong nature of cryptocurrencies. As the saying goes "If you cant beat them, JOIN them".
Overall, very solid week full of adoption, animation and anticipation. Another post next week for a weekly round up! See you then but in the mean time join us at our Gravychain Discord. - DISCORD LINK: https://discord.gg/zxXXyuJ 🍕 Bring some virtual pizza to share 🍕 Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments! Big thanks to our Telegram and My Crypto HQ for the constant news updates! - The Gravychain Collective: https://t.me/gravychain - My Crypto HQ: https://t.me/My_Crypto_HQ Important/Notable/Highlights:
Well before Bitcoin and other cryptographic forms of money became computerized monetary standards, a thought showed up on one of the discussions. Before a coin pulled in the consideration of thousands and perhaps a great many speculators, common admirers of new items and the individuals who need to benefit from the following complimentary gift – known as "Satoshi Nakamoto" proposed one intriguing thought that was effectively actualized sooner rather than later. In October 2008, an article was distributed by Satoshi Nakamoto: "A Peer-to-Peer Electronic Cash System" which implies: a decentralized or fair electronic money framework. Satoshi turned into the dad of digital money or blockchain. There were various endeavors to make comparable structures, yet it was totally concentrated — like existing financial structures. The principal form of Bitcoin code was discharged in January 2009. The principal hinder in the Bitcoin blockchain was made, which offered ascend to the first Bitcoin mining. This exchange was between Nakamoto himself and one of the engineers named Hal Finney. At first, Bitcoin didn't have a conversion scale and proportionality in fiat money, yet in October 2009, one US dollar was equivalent to 1.309 Bitcoin. The conversion standard was equivalent to the expense of power to make the first Bitcoin through mining. In 2010, the first Bitcoin trade was made. It was classified "dwdollar". Florida designer Laszlo Hanetz paid 10,000 bitcoins to somebody in England, who in return purchased Laszlo pizza which cost $25. It was the most costly pizza ever. At the hour of this composition, 10,000 bitcoins is equivalent to $130,000. For instance, in mid-December 2017, 10,000 bitcoins was equivalent to practically a large portion of a million dollars. In August 2010, programmers found a powerless spot in the Bitcoin blockchain, which permitted them to produce 184 billion Bitcoins and the cost of Bitcoin dropped at that point. The Bitcoin trade stage called "MtGox" was made that year and Bitcoin; finished 2010 with a market capitalization of simply over $ 1 million. In 2011, a bootleg market was made under the name "Silk Road" in view of Bitcoin. The primary thought of this venture was unknown exchanges. Unexpectedly, the cost of Bitcoin transcended $ 1. Simultaneously, Bitcoin picked up popularity as an underground market cash or an approach to buy drugs on the web. https://preview.redd.it/3qvwwgk9rsj41.jpg?width=700&format=pjpg&auto=webp&s=7171343171f6e4f39e620b33e72d2f83b469f0e2 In 2012, a few organizations started to apply and acknowledge Bitcoin as a cash to pay for products and enterprises. Before the finish of 2013, the cost of one Bitcoin was somewhat more than $ 1,000. In 2014, China, USA and UK started to make rules and limitations on the utilization and tax assessment from Bitcoin, which permitted the utilization of Bitcoin by money related organizations. Numerous organizations, including Microsoft, have started to acknowledge installments in Bitcoins. In February of that year, the fundamental Bitcoin trade "MtGox", was along these lines hacked by DDOS assaults, losing a great many dollars and hurriedly shut. Notwithstanding this, the cost of Bitcoin, however dropped to $200, balanced out in the scope of $200 and 350. During 2015, the cost of Bitcoin stayed stable and Bitcoin started to secure the characteristics of an authentic cash. Ross Ulbricht, the author of the Silk Road, was condemned to life detainment, motioning to the world that Bitcoin can't be utilized for criminal purposes without any potential repercussions. Another hacking happened in 2016 on one of the cryptographic money wallet administrations, because of which around 72 million US dollars were lost. At last, toward the finish of 2017, the cost of 1 coin went up to 20,000 US dollars, beginning in 2017 with a cost of $1,000. Directly after, because of the way that numerous nations have restricted the utilization of cryptographic forms of money, and the primary informal organizations like Facebook and others have prohibited the promoting of digital currencies for different reasons. Before the finish of 2018, the cost of Bitcoin went down to $3,000, which made mining practically unrewarding. The cost went up the following year. At the hour of this composition, the bitcoin cost is $5,300.
The International 2018 in Vancouver FAQ (Updated!)
Hey there again, you punks. So with a tip coming from some of the moderators on the board, I've decided just to quickly update this FAQ that I wrote a few months back since TI is next week and I'm sure many of you still have a ton of questions. I've gotten some more information that I can pass down to you in regards to Vancouver but also now TI as well, including updated marijuana laws and beer recommendations. Two quick notes:
This summer has been an extremely hot season in Vancouver (at least in Vancouverite standards). Like anyone who attended in Seattle last year, there is noticeable smoke in the air in the city due to the fires all over the Pacific North West. If you have breathing issues or health related problems do to particles in the air, be advised that there is currently an Air Quality Advisory in effect so act accordingly. Wind/Rain will most likely clear up any issues going into next week, but just a heads up in case new fires flare up or we aren't blessed with some light rain. Forecast is looking to be sunny through midweek and the finals, with an average of about 23-25C.
Yes, but it's not exactly regulated by AirBnB. Feel free to stay at one through AirBnB but know that it might be a little tricky to deal with issues if they come up with your rental. Also while you're at it, check out VRBO.
How far away from Rogers Arena should I stay?
The general piece of advice you'll get from any local about where to stay for TI is going to be anywhere that's on the Skytrain Expo Line (the line in dark blue). The Expo Line will take you to Stadium-Chinatown station, which is where Rogers Arena is 30 seconds away. As in Seattle, the closer to downtown you are, the more expensive it is to stay.
Where are the cheaper hotels like Holiday Inn, Mediterranean Inn or Travelodge like in Seattle?
Unlike Seattle Center, there aren't very many budget hotels left, if at all in the Downtown core. The cheaper hostels are available, though fair warning, many of them are placed on Granville Street, which is a place that many Vancouverites will tell you to avoid while you're here (Though I have never stayed at a hostel on Granville, if anyone has an experience, feel free to share). Check out the Ramada Inn and the Days Inn near Waterfront for some cheaper-ish options.
Are there any areas in Vancouver that we should specifically avoid?
In my mind, there are two places that I would keep a look-out for avoiding while you visit Vancity.
Granville Street. During the day time it's normally fine, filled with some cool shops (Golden Age Collectibles, The Rock Shop, Movieland Arcade) but it's packed to the absolute max with dumbasses at night due to the amount of night clubs. There's police around every weeknight, but since you're in Vancouver for a good time, head towards Gastown, Chinatown or Main Street for places to party.
Downtown East Side. If you've researched anything about Vancouver, you'll know that this area as where a large portion of the cities homeless reside. There is rampant drug use, poverty and sex work in this neighborhood, focused mainly between 5-10 blocks in the area of Main/Hastings. That being said, the community is an especially strong one, with fantastic human beings supporting the less fortunate. Though there isn't too much danger in terms of being robbed, you might want to just avoid the area at night. Be respectful to the people of this community and you'll have no problems.
Is there UbeLyft?
Sadly, no there isn't. We know, it absolutely sucks and everyone in Vancouver is aware. Your options are public transit or a taxi.
What's the parking situation like around Rogers Arena?
Super shitty if you don't like paying for parking. If you can, park outside of the Downtown core near a Skytrain and then head over to the Arena. Commercial Drive is pretty good for this if you can find certain spots. Tinseltown as well if you buy a movie ticket on non-event days.
How does Transit work? What do I need?
If you've ever been to any major city, you'll notice that Vancouver shares the same load-up card/tap system that places like London share. It's called Compass Card and it's fairly easy to use. Just load up money onto the card, tap it when you enter and tap when you leave. It'll do all the calculations for you. Note that certain zones will cost more just due to how far you're traveling.
Does Vancouver have car-sharing?
Yes it does! Car2Go and Evo are two of Vancouver's most popular car share services. Hot tip would be to register before you head over to Vancouver and it'll help mitigate the fact that UbeLyft aren't in Vancouver just yet. Just drive safely.
How do I get from the Airport (YVR) to Downtown Vancouver?
The easiest way to get to downtown from YVR, if you aren't getting picked up/taking a taxi is to take the Canada Line. It will take you directly to Waterfront station, from there you can take multiple buses, the Expo Line (the main line that will take you to Rogers Arena) or the Seabus (going to North VancouveLonsdale).
What's the drinking age in Canada?
19 years old.
I'm new to Canadian beer culture, what would you recommend?
Vancouver has an exploding craft beer culture and you'll be happy to find that the variety of different beers/ciders to drink is absolutely massive, probably to the point of being intimidating. Here are some of my favorite breweries and the beers that you should look out for when you're at the liquor store/pub: Twin Sails Brewing Dat Juice Pale Ale Two Straws MilkShake IPA Short Pants Mosaic IPA Brassneck Brewing Changeling Sour Passive Aggressive IPA Bjorn Again Farmhouse Ale Steel & Oak Changeling Sour Passive Agressive IPA Bjorn Again Farmhouse Ale Bomber Brewing Bomber Parklife Passionfruit Ale Bomber Pilsner Bomber Snow White IPA
Does Vancouver have any specific rules about drinking that I should know about?
Yes. First, there isn't any drinking in public if you already didn't know. Second, you must have TWO pieces of ID on you whenever you go to buy drinks in case you're asked for your ID. First piece must be photo ID, the second piece must be something with your name on it (in order for bartenders/servers to validate the first piece). I see a lot of tourists thrown off by this, so just know that Vancouver's liquor laws are much more strict than other places. I've heard from a few Vancouver residents that this isn't exactly enforced harshly, but just to note that it is an actual law. Piece of mind.
What's the legal drinking limit in Vancouver?
%.05. There will be a ton of pubcrawls and side events going on for people that are attending TI and I'm sure that you'll be blasted one night or another. Please don't drink and drive. If you need a cab, here are the numbers you can contact in order to grab a taxi from downtown. Yellow Cab: (604) 681-1111 Black Top Cab: (604) 731-1111 MacLure's Cabs: (604) 831-1111 Also, a note for people from outside of Vancouver: the cab drivers in this city are notorious for being hard to deal with at times. Broken debit machines, cash up front, not providing receipts. Use your common sense to get you through pushy cabbies. If they have a broken debit machine and they are still driving, kindly reject them and give your business to another cabbie that will. UbeLyft will be here soon and karma will bite them back. If at anytime you are in an emergency and don't know what to do, please DM me and I will provide my contact info.
This is not confirmed at the moment, but if the rules were anything like Seattle, you will be able to bring outside food into the arena. You are not permitted to bring liquids into the venue. You'll have to dump out your water bottle and refill it once inside. Rogers Arena might have different policies, but thankfully the venue has twice the amount of food stalls including a much more varied selection.
What's a secret you have from being a lifelong Canucks fan for eating in the area?
Everyone from Vancouver attending will hate me, but this is going to be one of the hottest tips I can give you: there is a Costco food court DIRECTLY across the street on the lower level of Rogers Arena that DOES NOT require a membership in order to buy food. It is the only Costco food court in Canada that doesn't need a membership to eat there. Hot dogs, poutine, pizza, soft drinks, ice cream and it's all lovingly Costco cheap. Enjoy!
What sort of credit card/tap options does Vancouver accept?
Visa/Mastercard are widely accepted everywhere. Cards such as American Express/Discover are also accepted most places, though a few places might reject them for whatever reason (higher charge rates, issues with their machines etc..) Best case would be to make sure you have a Visa/Mastercard with you at all times as a back-up in case you run into any issues. Most places in Vancouver also allow you to use Android/Apple Pay now as well. No bitcoin though.
How much money should I bring?
Well, that's entirely up to you. If you're staying the full week, a few hundred dollars in spare Canadian currency won't hurt you, especially if majority of your spending is going to be on plastic. There's going to be the Secret Shop, but that'll be done through online ordering and not cash payments. Just don't come with nothing. Worst case, always have at least $30-$40 cash on you just in case you run into a bind. It's really entirely up to you and how you plan on spending your time here. Do note that because of the low Canadian dollar, don't be surprised if the price of certain things is higher than usual.
Are there any huge cultural differences in Canada that I should know about?
Due to the amount of fires that have started in the Pacific North West the past month or so, please do not throw your cigarette/joint butts into the street, sidewalk, bushes or wherever that isn't a proper garbage. You'll get a ton of dirty looks by locals if you do otherwise. Canadians are known to be rather polite, we'll answer questions for you or guide you in the right direction (as long as we aren't in a huge rush). As long as you're respectful of the people around you, take care of your hygiene, don't spit on the ground, talk over people in conversation or just avoiding being a total dick, you'll be fine. Though Vancouver is a somewhat socially cold city, that's mainly in dating circles. Get some new Bumble photos up!
What's the tipping policy like in Vancouver?
Most places won't have the tip included in your bill. It's common courtesy to tip between %10-%15 of your final bill if you enjoyed your meal/drink/service. Feel free to go higher if you had a really excellent time. Some places do include the tip in the bill, but will have it noted usually at the bottom of the menu.
I'll be taking public transit while I'm here. Any tips?
A few. Remove your backpack when you're boarding a bus/SkyTrain in order to create more space for the people around you. Hygiene again is a big one. Remember to fill your Compass card and check your remaining balance at least once a day in case you're transiting a lot. If you see elderly/disabled/parents with strollers attempt to come on board, the polite thing to do would be to offer your seat etc..
My English isn't great and I need to ask a question, what should I do?
Don't worry at all! Vancouver is an extremely multicultural city and the residents here are used to hearing many different languages daily. Best bet is if you struggle communicating with anyone for any reason, download the Google Translate app and use it to answer questions you might have in a discussion.
I want to ask for a playetalents autograph and I'm standing right beside them. How should I ask?
Use common sense. Most players/talent would be more than willing to sign an autograph or pose for a photo with you. But also be aware that much of the on-screen talent (Slacks, Kaci, panel members) will often have to be running from segment to segment, taking in matches and so on. If they seem to have a minute, ask nicely, thank them for their time and cross one off of the bucket list.
I want to throw things at Slacks!
Don't throw things at Slacks.
Will there be an outdoor screen showing games?
No update on this. Rogers Arena is mainly a concrete concourse, surrounded by a viaduct and multiple lower roads. Unlike Seattle Center (which had multiple fields and smaller available venues), the only place large enough outside the Arena that could hold a large crowd with a big screen would most likely be the "main" entrance through Expo Blvd/Pat Quinn Way. There are a few other options in the area, but we're going to have to wait to see how creative Valve is with the space around the Arena. Perhaps they rent out the adjacent parking lots?
Will there be a beer garden?
No update on this also, but again, there's a lack of outdoor space beyond the concrete concourse. Sportsbar Live will be open, which also gives a view of inside the Arena while you're eating/drinking. But again, it's indoors.
Can I charge my phone inside of Rogers Arena?
From what I remember from Canucks games, yes, there are stations where you can plug your phone in to charge. But don't be surprised if a company like NVIDIA pops up a charging station outside much like in Seattle.
What is the capacity for Rogers Arena?
Where will I be able to see players? Will there be an open-area to ask for autographs?
One of the more obvious differences that most people will find from Key Arena to Rogers Arena, is that unlike Key Arena, Rogers doesn't have an open space concept between levels. Meaning, you won't be able to just look up to the third floor and see players hanging out like you normally would. This year, they most likely will be held in the boxes above or in the dressing rooms in the lower levels. Look for autograph times scheduled throughout the week to see your favorite players.
Is there anything being hosted at BC Place during TI?
The only thing right now is a Vancouver Whitecaps (MLS) game on August 18th and a BC Lions (CFL) on the 25th. So if you really feel inclined, now you know.
Where, how and when can we buy weed legally when we arrive in Vancouver?
When: On October 17th, weed will officially be legalized in British Columbia and most parts of Canada. How: Normally you need a medicinal prescription to purchase marijuana legally. Though, because of the soon to be legalization coming up in a few months, most dispensaries will most likely write you a prescription if you tell them a valid medical reason for the marijuana (Trouble sleeping, chronic joint pain, back pain, headaches, trouble eating etc.). My friends who smoke themselves told me that hot tip, so do with it what you will. Please DO NOT buy weed from a source that isn't verified by another trusted person or a licensed dispensary. You never know what your weed could be laced with. Where: Here are some dispensaries located close to Rogers Arena. Bloom Medical Dispensary The Dub Dispensary The Medical Cannibis Dispensary
Where can I smoke?
You can't smoke anywhere that frequents children, even if there aren't kids around. So no beaches, public parks, playgrounds etc.. So just, anywhere that's away from people that don't want to partake essentially.
Yo dude, thanks for that help, hit this shit real quick.
I wasn't able to buy any tickets. What should I do?
If you weren't able to buy tickets from Ticket Master, you have a few options. Post in the TI8 Vancouver Subreddit and ask if anyone has a spare ticket. Buying tickets from scalpers in front of Rogers Arena is fairly easy and shouldn't be difficult if you understand the basics of haggling.
Know what you're comfortable paying and stick to it. Always remember that number.
Be prepared to just walk away. The longer you stay negotiating, the more you show the scalper how important it is for you to buy the tickets. Play the long game.
The less you talk, the less information you give the scalper. If he says he's got a Midweek ticket for $300, shrug and say no thanks.
Have money in your hand/wallet when you're trying to buy tickets. When they see that the cash is right there, they'll be more inclined to just make the deal and move onto the next one.
You will most likely miss the opening ceremonies, but after that the prices for Midweek tickets will normalize and scalpers will want to just get rid of their tickets at a lesser price. The advantage you have in this instance is that Vancouver, outside of the LoL tournament at Pacific Colosseum, doesn't have much experience with esports tournaments. So scalpers themselves won't have the same level of patience. The longer you wait to buy your tickets from them, the cheaper you can get them for. Only downside is that you'll be missing games. The other thing you can do is literally just walk around the outside of the Arena and spot non-scalpers with extra tickets. There are always people who buy extra tickets and are just wanting to get their money back (friends flake on them, they couldn't flip them like they thought). DO NOT panic and end up buying an overpriced ticket from StubHub, Craigslist or wherever. Tickets will be available, you just have to keep your cool.
I'm picking up my tickets at the venue. Where do I go?
The box office at Rogers Arena is located at the bottom of the venue on Expo/Pat Quinn Way at the Toyota Ticket Center. You can pick up your tickets between these times: Mon, August 20th: 7AM - 9PM Tue, August 21th: 8AM - 9PM Wed, August 22nd: 8AM - 9PM Thu, August 23rd: 8AM - 9PM Fri, August 24th: 8AM - 9PM Not sure about the box office times for the Finals. Will update that when I know.
FIRST TIME ATTENDING TI
I'm coming to TI alone. What can I expect?
So first off, understand that EVERYONE there is going for the same reason you are, DOTA. Don't be afraid to go up to people, say hello and start conversations. If they shrug you off, fuck them, they don't deserve your brilliance. Enjoy yourself. Worst case, just create a thread on DOTA saying that you want to go shotgun a few beers. My first TI was pretty much by myself, but the combination of a beer + a garden really did wonders. Simply put, don't worry as much as your mind is telling you to worry. All the talent (casters/players) are incredibly friendly and are pretty much the same as us, just super stoked to be there. But do give them space if they're working or running around to the next thing.
What else do I need my Ticket/Badge for?
During TI, after every First Blood in a match, there are potential drops given to in arena attendee's who have registered their badge with their Steam ID. There will be a Steam Link kiosk/section OUTSIDE of Rogers Arena, so look out for it. You must have tapped into the Arena in order to be eligible for those drops. The link to register your badge to be eligible for these drops will be on the back of your badge when you receive it.
What sort of stuff should I be bringing with me on an average day?
Try to pack as lightly and efficiently as possible. My two main staples during the last two TI's were a water bottle (usually given out in a goody bag for midweek + finals ticket holders) and a portable battery pack for my phone. Also know that you might buy things from the Secret Shop, do some shopping downtown and the last thing you want to do is carry that stuff around with you all day. Though consider bringing a sweater for inside the Arena, as Rogers is a fairly cold one. HOT TIP Try checking with bell boys/concierge at any hotels if they can possibly check in some of your bags for you. I tried this at TI7 and was surprised how chill they were. I left them a $5 tip for taking my bags and was free for the rest of the day.
When should I go to the Secret Shop?
Avoid the Secret Shop on the first day or else you'll just spend the entire day waiting in line. Midweek the shop lines will be much more reasonable.
What else should I do in Vancouver beyond watching DOTA?
I have an emergency and I need help. Who do I call?
Depending on your situation, here are numbers for emergencies in British Columbia. Ambulance, fire, police: 911 Poison Control: Lower Mainland: 604-682-5050 Toll-free: 1-800-567-8911 Healthlink BC: 811 Deaf or Hearing Impaired: 711 Crisis Intervention & Suicide Prevention: Call 1-800-SUICIDE (1-800-784-2433) if you are considering suicide or are concerned about someone who may be. Mental health support: Call 310-6789 (no need to dial area code) for emotional support, information and resources specific to mental health.
Who's the guy with the statue outside the Arena?
That is Roger Neilson, former Vancouver Canucks head coach and the inventor of towel power. Please treat it nicely!
Where does Arteezy live? Where did he go to school? Where does he hang out?
How sweet of you to ask! That would be Lush by Snail Mail. Please, if you feel like you need to ask any questions, or there should be things added to this FAQ, post here or DM me. There are obviously some things that no one knows right now in regards to potential additions or subtractions from moving the event from Key Arena to Rogers. But I'll try my best to keep this thing updated if people bookmark it for future use. Enjoy planning your trip to TI!
So you made yourself a little bit of money, huh? How nice.
So you made yourself a little bit of money, huh? How nice.
All your life, all you've ever wanted, is a little bit of money. And congratulations, now you have it. Does it feel nice? Does it feel like a dream come true? Of course it doesn't. It's all just numbers on a screen, staring at you like a pathetic joke. But thanks to your thankless job, you made yourself a little bit of money. How nice. And now, you, in all your half-decayed intelligence, have decided that you want to invest the little bit of money that you've made? Well, step right up to the raging wildfire that is the field of investing. We've got a shit-show full of stocks, mutual funds, bonds, real estate, gold and other commodities, all clamouring for your attention, and even more for your money. Done properly, you can retire into an ungodly amount of wealth. And done poorly, you can join the majority of investors setting their cash on fire, day in and day out. But don't feel daunted or scared. You're on the right path, and that's probably the only time you're going to hear those words in your life. Just the fact that you're thinking about investing your money puts you at a major advantage, just the fact that you've even made a little bit money is extremely rare. Look around you, what do you see? People that are so poor that they're crawling out of their tents on the roadside, people that are such douchebags that they're buying worthless bling like fur sweaters and gold chains, people that are so childish that they absolutely have to buy the latest iPhone with their credit cards, and people that are so dumb that they just can't be bothered to learn about investing. Just the fact that you're here now, thinking about investing, makes you part of an exclusive club. Before you get ahead of yourself and feel one cent of happiness for being better off than most, let me tell you something - there's an army of twats waiting to screw you out of the little bit of money that you've made, an army of twats who wants to take away the only thing that matters to your miserable existence anymore. These are crooked relationship managers who'll sell you anything to get commissions. These are unsuspecting relatives who'll recommend terrible investments just because they don't know any better. These are seedy stock brokers who'll push schemes offering incredibly high returns that are too good to be true. These are corrupt financial advisors who'll destroy your returns, either because they're incompetent or unscrupulous, or both. You've got an entire armada of twats just waiting to snatch the money right out of your wallet. What're you going to do about that? Are you going to put your head down and hand over the cash? Are you going to run to your mommy like the little bitch that you are? No, you're going to pull out a knife and stab that little twat right in the heart. And here's how to do that, beginning with a set of basic guidelines.
Savings are sexy
Let's be honest, you were never made of the stuff that gave wet dreams to women. Well, here's your chance. You know what all the girls like these days? It's not that ripped chest, or that sleak jawline. It's a man who saves. Step aside AXE body spray, there's a new sheriff in town. If you're spending more than you're earning, you've got bigger problems to worry. Before anything else, you need to make sure that you're bringing in more money than you're spending. So reign in your spending, delay gratification. That burger is going to taste pretty much the same without the overpriced slice of cheese. And the movie will probably be on Netflix in a few months.
Debt is your kryptonite
So you borrowed a little bit of money and are now stuck with the interest payments. That's okay, who hasn't done dumb stuff when they were young and full of hormones. I know I have. This one time I cleaned up an entire jar of mayonnaise thinking it was yogurt. Set some money aside every month, not just to pay the monthly minimum on your loans, but a little more so you can pre-pay all your debts. Some loans take priority over others: pay off your credit cards, personal loans and similar high-interest debt first. Keep in mind that not all loans are straight poison: those that help you develop assets like a home loan or increase future income like an education loan or business loan are alright. However, investing while carrying a high amount of debt is like playing football with one leg tied behind your back. Not exactly ideal.
Read like your life depends on it
Stop reading WhatsApp forwards, pick up a book, and then pick another one. If you don't develop a habit of reading properly, you're going to get a lot of poop flinged at you in this business. But if you can make it through a book every once in a while, get read to fling some poop on the n00bs. You don't have to go straight for the finance section. Begin with any book that sounds interesting to you, and work your way up. Reading not only helps you understand the world around you, but also develops a better personality and temperament within you. Most of you have the patience and memory of a goldfish, and generally speaking, goldfishes are not good investors.
Gold is old
Gold was what housewives in the 70s stockpiled in their cupboard because they had no other option. But you, you are the child of the 20th century. You actually know how to turn on the wi-fi. You have better options, like mutual funds. No matter what your uncle from the third cousin over says, investing in gold is setting your cash on fire. All it will do is make you feel good from the inside, while the eternal fireplace fuelled by your cash keeps burning in the background. Gold and silver are metals that we dig out of the ground. As an investment, they just sit there and stare at you. Just because they shine doesn't mean they're good investments. However, not everyone is convinced of this basic guideline. So if you're hell bent on investing in gold, I recommend going into the mountains and throwing yourself off a tall cliff. A medium-sized one works too.
Insurance =/= Investing
While housewives in the 70s had gold, housewives in the 80s had LIC*. Getting life insurance is critical if you have family that depends on your income, but insurance and investing, like pizza and pineapple, never mix well. Have you ever wondered what the insurance company does after collecting your premium money? Well, the company invests your premium money in stocks and bonds, which is also what mutual funds do. So let the insurance people insure, and let the investing people invest. Separation of labour was something that the caveman figured out in 2nd century. It's time you evolved from being a caveman.
Real estate is not real investing
The only reason for you to buy property is if you're going to be living in it. Buying real estate purely as an investment is one of the worst decisions you could ever make. Real estate: is an illiquid market (need to wait to find a buyer or seller), has high transaction costs (stamp duty and other bullshit charges), has a lot of red tape (needs several government approvals) and faces high maintenance costs (occasional cost of paint and plumbing here and there). However, every other Tom, Dick and Harry will tell you that real estate is a great investment. Why? Because real estate is how Indians signal wealth to others. It is how Indians demand respect from the chaar log committee. It's how we tell people that we've got a big dick, and we're not afraid to swing it around. You don't have a big dick. Tuck that little stinker back in your pants. You're just embarrassing yourself.
Pick your poison properly
Identifying the bad investments is a greater skill than identifying the good investments. Now that gold and real estate have been vilified as bad investments, let's turn to the places that actually deserve your money - mutual funds. For the uninitiated, which includes most of you idiots, a mutual fund collects your money and invests it in the stock market on your behalf. A diversified basket of stocks in good quality companies will outperform most other investments over any time period longer than 10 years. Mutual funds can give you this diversified basket of stocks. If you haven't been living under a rock for the past few years, you've probably see the advertising campaign - Mutual Funds Sahi Hai. And if you have been living under a rock, stay there. We're doing great without you.
Get yourself into a coma
The best investors, the ones who win the game in the long-term, always have patience. When you're investing in stocks or mutual funds, you need to have a minimum time horizon of more than 5 years. Any less than that, and out come the fireplaces that are fuelled by your cash. Mentally, you need to be in a place where the stock market might run off a cliff screaming into the wind tomorrow morning, and you'll still continue investing as per your plan because you're thinking about the long term. This ensures that your emotions, influenced by the ups and downs of the stock market, don't get in your own way. Ideally, you want to invest and immediately get yourself into a coma. Trust me, no one will notice that you're gone. You're one person in a world with seven billion people. You're really insignificant in the larger scheme of the Illuminati.
Don't watch CNBC
All your life, you've only made socially acceptable choices, because you crave validation from the people around you. To your repitillian brain, approval from strangers feels better than an orgasm. But when it comes to investing, never seek validation of your choices, especially not from the pundits on CNBC. Televised business news focuses on the shortest of short terms, while you need to keep your eye on the longest of long terms. Yes, it is important to keep tabs on current events, but there are far better sources of information than the nightly news. I recommend reading Livemint and Reuters for news. Those two outfits did not pay me to endorse them, but if the PR people over there are reading this, give me a call. I accept cash, cheques and PayTM. Fuck it, I'll even take bitcoin.
Keep It Simple, Shithead
Here is a basic plan on how to use your money when you get paid every month. First off, take care of any loans by paying off the hungry bankers who will come demanding their pound of flesh. Pay off all credit cards, in full and on time. Now, estimate how much you're going need for your monthly bills - this includes everything from your electric bill to your tab at the local bar. Deduct that amount and invest the rest of your money. When it comes to investing, begin by putting in three months of your monthly expenses in a liquid mutual fund. This is your emergency cash stash. Next up, depending on your time horizon and risk appetite, select a combination of ~3-8 mutual funds. There are a few different types of mutual funds, here's a handy rule of thumb to navigate them:
High time horizon
Low time horizon
Low risk appetite
Large-cap equity funds
Debt mutual funds
High risk appetite
Mid/small/multi-cap equity funds
Debt mutual funds
When you're done, set up SIPs so that you don't have to do the transfers manually each month. Every year, take some time off to review this process.
This basic plan will require tweaking, depending on the context of your life. But having that plan is very important, not just for your financial life but also for the rest of your life. In the back of your mind, you've always known that. But you never followed through on making a plan, and now your life is just a series of mistakes and regrets. Is that why you drink so much? The lords of literature require that I write a conclusion to this piece. But this is not the end. This is the beginning of your investing journey. The basic guidelines mentioned here are intended to serve as the starting point for your own research. These guidelines are not rocket science, they are not supposed to be complicated. A person of average intelligence and awareness can reasonably expect to understand and follow them. The question is: are you a person of average intelligence and awareness? Assuming that enough of you read this, statistics require half of you to admit that you're dumb as a rock. Always keep an eye out for the armada of twats that will try to convince you that investing is rocket science, simply so they can charge you high fees or lure you into unprofitable investments. Done poorly, you can expect a mid-life crisis magnified by a bonfire of your cash. Done properly, you can create the kind of wealth that can benefit you as well as your future generations. You've already disappointed your parents. Don't disappoint your children now.
Side note: If you're a housewife from the 70s or 80s who objects to your characterization in this article, please write a formal letter of complaint and shove it up your butt.
When was Bitcoin created? Who invented Bitcoin? In 2009, the first Bitcoin was mined by someone nicknamed Satoshi Nakamoto. There are still disputes over who Satoshi is. Ever since then, the open source project has been accumulating many users and enthusiasts who have contributed their time and efforts to developing and distributing the bitcoin around the world. How is Bitcoin created? What is Bitcoin mining? Bitcoin comes into the world through a process called mining. It’s an analogy to gold mining, but instead of actual mining, new Bitcoins are created using computer power. In the past it would have been worthwhile to mine Bitcoin. Today such huge computer power is required that bitcoin mining is not usually profitable. Currently, there are total of 16.5 million Bitcoins, and the mining process will continue until reaching the maximum limit of 21 million Bitcoins. How to buy and sell Bitcoin? The simple and easy way to get Bitcoin is by buying online or at bitcoin ATMs that are located around the world. Click hereto buy Bitcoin with a credit card with our partner exchange. How can you store Bitcoin and other cryptocurrencies? Just as regular coins are stored in your wallet, Bitcoins are also stored in a dedicated digital wallet. Each wallet has its own public digital address, to which coins can be sent. The address is a string of numbers and English letters about 30 characters long. There is no cost to create a new wallet, or a limit on the amount of wallets you can have. There are several types of wallets, which differ mainly in their security level. How is Bitcoin being transferred? How long does it take to send Bitcoin? A Bitcoin transaction is a digitally signed order and hence securely encrypted. The transaction is signed by the outgoing wallet and gets broadcast to the internet, and then gets listed on the block explorer. This explorer is a log that keeps track of all Bitcoin transactions. The log is divided into blocks, each block contains of a number of log commands, and once the block is closed, the actual transaction takes place. It takes an average of about 10 minutes to close a block and confirm a Bitcoin transaction. Most exchanges require at least 2-3 confirmations in order to ensure a bitcoin transaction. How much does it cost to send Bitcoin? The only cost of a Bitcoin transaction from one place to another (doesn’t matter the physical distance) is the miner’s fee, which is added to each order and paid to the miner for his work to close the block. Relative to the means of money transfers, the cost of transferring Bitcoin is significantly cheaper. The fee is not fixed and most of the wallets automatically calculate the fee required. The higher the fee, the faster the transfer will be (i.e., your transfer will be handled by the miner, who prefers to take the higher fee transactions) As of writing this, Bitcoin’s transaction cost (fee) is around 1 USD. Is it possible to buy or send less than one Bitcoin? Bitcoin has 8 numbers after the decimal. The smallest amount is 0.00000001 Bitcoin and this unit of measurement is called one Satoshi. It is better not to send such a small amount because the transaction fee will be higher than the amount sent. Bitcoin use: Who accepts Bitcoin? What can I buy with Bitcoin? Today more and more business places and online stores are adopting Bitcoin as a valid payment method. Bitcoin’s daily use as money is still not as common as the traditional bank account, but with the help of companies such as Xapo and Bitpay, credit cards can be linked directly to Bitcoin wallets and are respected anywhere as a standard credit card. What affects the price of Bitcoin? As stated, Bitcoin is traded on an open free market. Its value is affected by supply and demand as in any normal market. According to past events, a direct connection can be discerned between instability and crisis around the world and the Bitcoin. For example, political events such as the Brexit (the UK voted to leave the European Union), the last US elections where president Trump was elected, cancellation of the largest Rupee bills in India – all of which have recently led to an increase in the Bitcoin’s value. Of course, an event such as recognition of Bitcoin as a legitimate way of payment (like in Japan) also increased Bitcoin’s value, whereas hacking of crypto exchanges, Bitcoin regulation, the postponement of the Bitcoin’s ETF caused panic and a rapid decline in value. So – we decided to publish an article with an appropriate answer to the ultimate question – should I buy Bitcoin? What is the Guinness record for the most expensive pizza? During the summer of 2010, when many had doubted the concept of Bitcoin, one of the early adopters named Laszlo Henitz tried very hard and succeeded in ordering pizza and paid for it with Bitcoin. In those days, Bitcoin was worth nothing (cents) and to order two family pizzas worth $ 30, Laszlo paid 10,000 Bitcoins! What was later considered as the first ever purchase in Bitcoin, became also the world’s most expensive pizza. 10,000 Bitcoins worth today is worth more than 25 million USD. Original article: https://cryptopotato.com/bitcoin-for-beginners/
Hi Tennos. First off I would like to state this is a throw away account. Don't want to log into my Primary Reddit account solely since I moderate on a sub-reddit I am here to just share my story of my experience with DE. I hope, new players can see what this company is before playing the game. I understand my post will obtain a lot of dislikes by those that support DE, and the post may even be deleted by the moderators. I have read the posting rules, and this is not a petition. This is simply me getting my story out about DE. There will be no TL;DR, sorry. Not something I can really shorten, but will try to keep it as short as possible while retaining what I need to say. I first started off this game back in... I want to say 2012/2013. I bought the Grand Master Founders pack. Enjoyed the game a lot, in fact, loved the game. Eventually, because of Yahoo and their terrible support, when Yahoo got a major leak a lot of us lost access to our Yahoo accounts. Said Yahoo email was unrecoverable according to Yahoo Support. I contacted DE support. In hopes they would change my email for me since that was the only game with significant value compared to my other games (I lost Runescape, Adventure Quest... blah idc). After a couple back and forth messages along with me showing proof of account ownership as well as what little evidence I had purchase wise (most was on my email), they basically said no. We can't help you. That was the first time I have ever quit a game and felt completely rejected by support. Didn't seem worth it to make another account after losing so much progress as well as a $250 founders package. So quit a game I loved playing. Eventually, met a person on steam that wanted me to play again. He has more than 2,000 hours in the game. He got bored of playing the game despite enjoying it a lot. Mostly was bored since not much to do now, and none of his friends would play without wanting something. So yeah sure, told him my story, but he said it changed. Lots of new changes. That, truth be told, got me excited. I loved that game initially, and the content when he explained it to me just sounded absolutely amazing. Started playing with him. He gave me a quick boost to 30, as well as an absolutely amazing warframe called Equinox (to help make up for all the progress I lost, obviously wasn't the same, but made me really happy). Gotta say, Equinox is my favorite. I like how he looks. I like his play style. I like everything about him. So was progressing relatively fast since I am good at these games. I think I managed to get to MR6. Not bad... just started playing again, and only been a week. Well, I started having a need for platinum. First, my friend gave me platinum and a prime as a thank you for playing with him. He was incredibly happy to have someone to play with, and I was incredibly happy to play again. I used that platinum for basic needs like inventory, and improving my Equinox. Bought some mods I needed. However, I needed more. I purchased platinum. Didn't really want to, but to enjoy the game and advance I needed to. Only purchased $15 using my Steam Wallet from funds I obtained from selling Steam Cards. Not a lot, but it sure does help! Then after that ran out, I REALLY needed plat again. Maxed all my weapons and frames. Starting to run out of nodes. So started using the 2 online markets. The basic one and the riven one. Anyways, started actively trading. I eventually met another player in one of my frequent Discord servers via the voice chat. He just popped in when I was in it. We started talking about warframe. Told him some about my past with it, what I am currently doing in it, and so on. He offers a trade with me. Some platinum, for some items. Sure? Why not. I need it. Make the trade, and he gave a large amount of plat. Enough to get me up in MR so I can start experiencing more of the game. Maybe... 2 days later? I try logging in and it says I am banned. Okay, must be a mistake since I didn't do anything wrong so I tried logging in again. Basically the message said Negative platinum. I did some research on it and it's from people with compromised accounts fraudulently obtaining or selling platinum. I was shocked. When I cheat in games, it's single players I have beaten numerous times. I have no need to purchase boosting services in anything since I used to be a pro gamer (Diamond in Siege, Challenger LoL, Grand Master SC2, Top 2v2 and 3v3 in WoW Arena... etc.) I played a lot and got good. I never need to purchase currency since when I do it's solely from the company selling it. Why would I not support the game I enjoy? I was mostly shocked though since I am an injured vet. Absolutely no bank at the moment, PayPal Credit is in debt (which banned me from using it) and I don't have any means of income other than a VA check I use solely for survival. Why would I sacrifice eating, medical treatment, and living in a place for mere virtual currency that doesn't benefit me in the slightest? So I contacted support. Provided the following: Emails (obviously I would need a payment confirmation or something from the person I bought it from), PayPal debt and ban proof, bank account closed proof, and my steam purchase of their currency to save them the time of asking as well as my market history of over 6,000 transactions (all selling) as well as 152 active ones. Also offered other ways of proof if they needed it such as a written statement from my old bank stating it was closed, would even tape myself walking in and asking. Got my first response 6 or 7 days later. Out of what little respect I have left for DE I have left my name as well as theirs out of any pictures. https://preview.redd.it/9qy1y54hour11.png?width=867&format=png&auto=webp&s=1dcbb4551cf3d02ff694247910b3d082e5de113b When I play a game. ANY game. Actually, not even just games. The simple use of a website. I immediately read all rules, ToS/ToU, EULA and anything else they have to offer. Quite simply put, I personally did not break the rules. The player that traded with me did however. This message over all however made me mad and quite defensive. I have not, will not cheated in this game. I enjoy it to much to be that stupid. Basically put, if some of you have trouble reading it, these are the key points:
Known black market platinum re seller.
Any gifts received will also be removed in the same manner.
Purchasing in-game items with cash.
Reverse by paying them money.
Avoid unbalanced trades or free trades.
Participating in black market activity.
This, is ridiculous. After showing sheer amount of proof that I absolutely can not buy anything (at the time I only got $200 a month to use on survival by the VA... legit 3-5 times less than minimum wage), they still think I am selling. It's as if he completely ignored all my evidence I gathered up, just like when I lost my previous account to hackers. A few points of my own though:
If he was a known black market platinum seller why on Earth do you wait so long to do your job and ban them?
Why must everything my friend gave me be removed as well?
How do new players know whats unbalanced and not?
How do you avoid black market activity, when you're not seeking it out?
With all of that in the first message, despite reading every single ToS they had available, they're treating me as a pro player with thousands of hours with the knowledge of the exact price of every item in the game. I am new. This information is not easy to obtain, especially in a chat dedicated to bowsette and pineapple on pizza. So here's my personal logic and understanding on those 4 points from the first message: 1) I speculate, it's solely for them to make more money. They are a small company. I checked the platinum prices for each region that plays the game and by far the most popular, and price efficient is Russia. The prices are incredibly cheap, especially if you want to sell it. Which I am assuming, this along with the fact numerous reports on the forums that majority of the sellers are in fact Russian, means that it costs (according to enhanced steam on Chrome/Firefox) 1659 Russian currency. That, does not sound like a lot. It, to be honest, isn't. If a Russian has 100 USD, he can buy 4 packs that are worth $99 USD each. Simply by converting US currency (For reference: 1659 руб = 25.09 USD or 37.25 CAD). If I wanted to buy platinum for cheaper in a way that goes past the ToS of course, I would simply send support a message "Hey support, I'll be here for work. Will be there for a couple months. Will be playing your game while I am there, and may purchase something. Just wanted to let you know.", install a VPN and use a connection consistent with my story, use it for a couple weeks maybe even months, send another message to support saying you're returning and bam. Done. Now why on earth, would I go through the trouble of looking for a seller. If I could do all of that in a manner of minutes? Doesn't make sense. So my point is, if they can't even ban a person that's not only known as a black market seller, then why shouldn't I make the jump to saying they're clearly profiting off the black market purchases? All they need to do is let the guy keep buying and selling. And when someone enjoys the plat for a day or two simply ban that person, tell them they need to pay to get out of the negative. Usually ends up being $100-$400. And profit. That adds up to be honest, so am I really that far off in my speculation? 2) Why must everything I received from a friend be removed to? He's on my steam friends list. On my in-game friends list. We've planned numerous games all day together, but even he is a threat? Really? If you remove everything he gave me, I would literally be just Excalibur, the 2 starting weapons, no mods, and no levels. Not a point in playing now is there? 3) How do we know? Really. Any community representative or moderator in the game, absolutely does not recognize or care about anyone other than their friends or people they actively talk to, bs to, or play with. So they're out of the question. Only about >1% is actively helping players, but it's so hard to see their responses from the sheer amount of childish chats going on in the chat. If I can't ask anyone, there's no list available, and I am brand new. Then how the heck am I supposed to know if it's unbalanced or not? 4) I traded with someone, using DE's own trading system, using their own items, to obtain their own stuff. Nothing I did, was part of black market activity other than accepting a trade from a player that requested specific items verbally to me. Of course however, I got really mad at that point. They're trying to force me to pay money if I want to have access to a count I did nothing illegal with. I sent my response in anger, and requested someone above him to talk to. My request was beyond ignored. Got my second response 2 days after the first: https://preview.redd.it/u2j4dj50wur11.png?width=951&format=png&auto=webp&s=e9cd1b1c62c60b9ece418ad3170c8c3ba027c5ba This probably aggravated me the most. This message, made me re-read the first message he sent and I noticed something I probably should have before I sent my response: Extortion. 1) He claims here my screenshots provide no evidence despite what he said earlier. Earlier he said, I illegally obtained currency by purchasing it from a third party re-seller. Now, please tell me how my bank, PayPal, email log, and steam market transactions are completely unrelated? They are ALL RELATED TO MONEY. That's the bottom line. He basically disregarded my evidence I have given him. As I was talking to my dad about this, he mentioned; "well you could just go get a gift card or something from the store" and I said, "First off, with what money? I get $200 a month for injuries, no job, and I am mostly freeloading off of you until I recover. Second, to use most of the debit gift cards I need to use it through PayPal, which of course is banned. Also, most websites after checking to see how to purchase currencies, only take PayPal, Bitcoin, or a legit card that can only go through a Russian bank which I cant do, because gift cards don't work internationally like that. They don't like it." 2) If he took the matters seriously, he wouldn't have completely threw out all my evidence I provided (about 7-9 screenshots over all), as well as do a simple task even an 11 year old can do: view a log. Viewing a trade log is not investigating. An investigation relies more on just having the Kick bot be like, "Bro, this trade looks funny." An investigation, is taking all sides into consideration, not throwing out anything that goes against their original claim. When I was 13, I was running a community of over 100,00 people, being a pro gamer, and working on scripting for a wow private server. I'm smart. Not an idiot. I know how companies investigations work, and I know how to investigate a game. But when someone comes to you with a bunch of proof you didn't do something, why the heck would you toss it out unless you know you're at fault? 3) This is where, in my current response I said I will literally go to UPS and United States Postal Service and get you any documentation you want. I will get you entire lists of everything I have ever sent and received. So now, not only did I offer to get proof from my bank that I literally can't purchase anything, but now I am offering to invade my personal life simply to give them the irrefutable proof they need. I also requested the general location of the guy who had the compromised account. Not the exact IP, just the region. So they can't go back and say, well... it says it right here... or you're still hiding something. 4) If anyone has used Discord, you know what I mean when I say voice chat proof is non-existent. It is literally impossible as far as I know. I'm sorry. I will not ever record every single thing I do and take screenshots every five seconds. Honestly, maybe I should since companies don't understand how anything works other than how much money they can make. For those that don't know, when you join a chat (at least on my main servers) it does not say when someone does and it does not keep a log of it (at least on my servers I joined). You may also change your name, nickname, and profile picture at any time. As well as the last four of your identification number if you have nitro hence when you see Discord#0001 or something along those lines. So proof of this? If he knew anything of Discord it's impossible. Especially since I would have had to not only take a screenshot at that exact time, but some how magically found a way to record his voice through my headset. I will NEVER keep my profanity in check. I am military. I talk the same way to my superiors, and them the same way to me. It's how I am in my life. I find it highly disrespectful someone who does not know me asking me to change something about myself, how I have been my entire life, because it "bothers him". I don't care what bothers him on a personal level. I really don't. It's not his job to bring his feelings into the matter, it's his job to be support and he should act that way. In his personal time, by all means act like whatever you want. The fact is that he has a job and is a doing a poor job of it. So overall, my experience with them over the years is... terrible. Especially now, where they are literally trying to extort money out of me to have access to a free game. It would make sense if I was at fault. To be honest, completely and utterly honest, I am not. I have provided as much proof as I can that I don't have money to spend on a game other than what I already have on steam. I have played the game fairly and followed their rules to the letter. The consistently get called on their shit on posts, and peoples issues tend to go unsolved. Of course, not everyone is innocent, but the few of us that are get screwed. Seriously though. I showed how they're asking for money to some people. I have read it over and over and over again to make sure. The company is clearly trying to extort money out of me. Obviously, I can't do anything about it. Take them to court, and their expensive lawyers would win or at least keep it at a stand still for years. So my last resort was letting everyone know my experience. Point out their extortion, and hope at least some members of the community read this before it gets deleted. If you agree with my review about the game please up-vote or down-vote it. It's an honest review about all aspects of the game. If the link doesn't work, you can view the name in it, look up my profile, and find the reviews on my page. Take care tennos.
Here, List of Merchants Avantages To Accept NYC. Ideas are Welcome
(Please don’t forget that is a transcription about an mp3 made in my car, during my work time. I’m sorry i haven’t got to much time but i want participate to the proliferation of NYC, i will go to discord as soon as i can. If someone could structure or add ideas of avantages for merchants to accept NYC in the spirit of this share or others, it will be great. I imagine a pdf, webpages translate in the most languages possible, to share to every merchants all the community knows in their own country and to share to every e-merchants too. I imagine a simple concept that everyone could duplicate and share as a child could do. With this, everyone without technical knowledges but with a desire to help the community and NYC could built NYC with us. I’m sorry to didn’t structure this better…I’ve not finished yet and i have a lot of others ideas to give merchants but I think this kind of sharing can stimulate the community and some ideas is not definitive, just ideas and not list(please be cool with me), and maybe a wonderful professional template can be made by one of you(lol) and start structure listing where everyone could propose) Benefits for the first 10 000 or more (?) merchants who will accept the cryptocurrency NYC since now to the next 1 or 2 years(?) These are the first merchants who will enjoy the greatest benefits of accepting NYC while taking the minimum risk. Free decentralized money transfer in 30 seconds saving on bank transaction fees saving on bank fraud charges (anti-fraud system, irreversible transaction, no more cancellation of payments by credit card, the customer has no money the transaction is denied) No limit amount for customers, unlimited ceiling, easy to sell expensive products New customers around the world, savings and margin New wealthy customers around the world who will love buying your products(because new crypto rich and because convictions) New single customers who prefer to buy from you rather than from your neighbor. You get cool for them, fans of cryptocurrency and NYC, and the new rich will thank you as it should. Modern and political values that you do not suspect the magnitude .. Potential invaluable, see Cryptocurrency MarketCap, customers will call you to send your products to the other side of the world even with shipping rates higher than average. A fundamental revolution is underway and it is not $ 5 more on shipping costs that will stop it. Human and political values have always been stronger than personal enrichment in the history of humanity. An invaluable potential of customers around the world (depends on your product but NYC will list all merchants and businesses from around the world on the same list to spread it around the world) US Community, Russian, Japan, China, Korea, Portugal, France, Belgium, Spain, Germany, Brazil, Argentina, Ukraine, Vietnam, Thailand etc etc etc Thanks to savings on banking fees, it is possible to lower the selling price and to be more competitive than the competitors. New customers will appear by converting to cryptocurrency to benefit from your new rates. It's inevitable, be part of the first. Possibility of incredible gain for the 1st who will accumulate the most NYC with almost NO RISK. If you motivate your partners and suppliers to accept NYC, you save even more on transaction costs and save on both levels (upstream and downstream). Savings which serves you to lower the selling price and increase your margin at the same time Easy to put in place : Unlike conventional currency, NYC is yours and no one can seize them, not even governments. Indeed, only you know your private address and you have an unlimited number of public addresses (anonymous and no one knows how much NYC you have). Your private key can be compared to a bank account number. You regain control over your money with only a few easy starting arrangements to put in place once. Either you exchange your NYC in bitcoin / ether then in $ with transfer to bank account and declare your income to your government, or transfer in bitcoin on « credit card system online » usable in store and ATM (wirex etc). Install Wallet QT, + paperwallet for those who likes security, install coinomi, yobit and coinbase account (and others after) and businesses of credit card online. Stikers on your shop, give photos and videos to NYC community and wait new customers to accumulate NYC with no risk Volatility: If volatility can be considered a real problem in the world of crypto, know that the volatility will be reduced as the use of NYC increases. The price of NYC can only increase and if the world crypto collapses, you will have almost no risk. It's not a fad but a global infatuation. Even if some NYC price drops will happen sometimes, all cryptocurrencies will have to increase in value. And especially NYC with its unique specifics, free and fast bitcoin for Newyorkers, americans and the all world. For proof, despite the incredible increase of the crypto-currencies market cap, we are only at 0.5% of global money flows and bitcoin is only $ 10,000. We are only at the beginning, the beginnings of cryptos. Imagine when crypto accounts for only 1% 2% or 3% of global cash flows. That would mean 1000 billion market cap for 1% of global money flows, 2000 billion market cap for 2% ... 3000 billion Marketcap for 3% of international money flows and so on. Inquire, do you really believe that crypto currencies will stop there? We are not even at the top of the first step of the stairs that leads to the future place of crypto currencies in the space of international monetary flows. This will only happen once in the history of humanity and for a minimum of risk for merchantss who will accept crypto currencies and especially NYC. Simply accept NYC on a small percentage of your cash flow. Do these French, Chinese, Americans who made a fortune by accepting and accumulating bitcoin up to just 5% of its money. Simple hairdresser, restaurateurs, grocers, small merchants… With expensive product, make small reduction if customers just paid 1,2 or 3% in NYC. No risk and great deal Opportunity to make a fortune with only 1 customer, like this French hairdresser who knew nothing in 2010 and made a fortune with a single customer to whom she made a small reduction if she paid in bitcoin, just to laugh, just for fun. In 2014, she traded some bitcoin to live as a senior executive and made a real fortune in 2017. Of course, she still has bitcoins well warm and 2 million € on his bank account. All this, without ever buying a single bitcoin, with never take a single risk, just to try and just for fun. Today, with NYC « the Bitcoin for New Yorkers » has fast and free transaction: It is possible to achieve the same feat without the NYC reaches $ 17,000 but only 0.01 or $ 0.10 or 1 $ Example of no risk for merchant: (You do what you want about the risk you want take and you touch people who wants buy cheap and you touch the crypto fan in your city, region and the all world please to the community(growing and growing) who make for you publicity everywhere in every supports that exist in this world !!! Articles, vidéos, photos, prices, websites, stickers, conversations, shares…) Product A = 100$ in Fiat Same product = 90$ if paid 80% in fiat and 20% in NYC = 72$ + 64 285 NYC Same Product = 80$(or 85$ as you want, you choose) if paid 50% in fiat and 50% in Nyc = 40$ + 142 857 Nyc Minimum risk = Same product at 95$ if paid 90% in fiat and 10% NYC Objectif owners in the next years: Accumulate : 100 millions NYC = 20 à 25000$ of sell to be millionnaire At NYC price= 0.01$. At one penny = millionnaire Marketcap NYC = 1 320 000 000$ Accumulate 10 millions NYC = 2800$ of sell to be millionnaire at NYC price = 0.10$ At 10 cents = millionnaire at 13 200 000 000 $ Marketcap Accumulate 1 millions NYC = 280$ of sell to be millionnaire with NYC at 1$ etc… The best advertisement of all time. The human advertising of a worldwide community that will prompt ordering in your shop. With articles, videos, reports on your store or service that you offer and you win returns in notoriety in your own neighborhood, city, region, country. We send you all these media as soon as you ask if you want to use it on your website, sign or other advertising medium. Or Here on Reddit : post « Merchants news, what we found about you all around the word » Try to find small vidéos and small articles of owners who made a lot of money with bitcoin with minimum of risk without spend one $ in an exchange ;) With stimulate merchants with ideas and With this « strategy with no risk » to give to the merchants we can proliferate NYC acceptance really easily. "A small reduction for customers who pay a small part of the price in NYC and we could touch a lot of owners : Target have to be « not just » merchants but « in all strata of society. It could be the real power of NYC » Owners of services : Marketing, e-merchants, every coach, independent of anything, human services(big potential here, people who haven’t not much money and there is a real hope for them and can give us examples to give the all word of people accept NYC in all strata of society and show our growing maid, housekeeper, mason, housework, pet grooming, wellness, used car salesman, seller of anything...Every business man in every domain can see avantages to used NYC, not just pizza sellers or other.. Bars, discothèques, restaurants : Tourist Shops : Cloths, apparel, Services Mp3 finished ;)
The pools are all reporting the wrong network data (I hope its this - but the rate of discovery of blocks by pools would suggest otherwise)”
(https://bitcointalk.org/index.php?topic=583449.msg6782852#msg6782852) -2192: “New source (0.8.8.1) is up with optimizations in the hashing. Hashrate should go up ~4x or so, but may have CPU architecture dependence. Windows binaries are up as well for both 64-bit and 32-bit." (https://bitcointalk.org/index.php?topic=583449.msg6788812#msg6788812) [eizh makes official announce of last miner optimization, it is may 17th] -2219: (https://bitcointalk.org/index.php?topic=583449.msg6792038#msg6792038) [wolf0 is part of the monero community for a while, discussing several topics as botnet mining and miner optimizations. Now spots security flaws in the just launched pools] -2301: "5x optimized miner released, network hashrate decreases by 10% Make your own conclusions. :|" (https://bitcointalk.org/index.php?topic=583449.msg6806946#msg6806946) -2323: "Monero is on Poloniex https://poloniex.com/exchange/btc_mro" (https://bitcointalk.org/index.php?topic=583449.msg6808548#msg6808548) -2747: "Monero is holding a $500 logo contest on 99designs.com now: https://99designs.com/logo-design/contests/monero-mro-cryptocurrency-logo-design-contest-382486" (https://bitcointalk.org/index.php?topic=583449.msg6829109#msg6829109) -2756: “So... ALL Pools have 50KH/s COMBINED. Yet, network hash is 20x more. Am i the only one who thinks that some people are insta mining with prepared faster miners?” (https://bitcointalk.org/index.php?topic=583449.msg6829977#msg6829977) -2757: “Pools aren't stable yet. They are more inefficient than solo mining at the moment. They were just released. 10x optimizations have already been released since launch, I doubt there is much more optimization left.” (https://bitcointalk.org/index.php?topic=583449.msg6830012#msg6830012) -2765: “Penalty for too large block size is disastrous in the long run. Once MRO value increases a lot, block penalties will become more critical of an issue. Pools will fix this issue by placing a limit on number and size of transactions. Transaction fees will go up, because the pools will naturally accept the most profitable transactions. It will become very expensive to send with more than 0 mixin. Anonymity benefits of ring signatures are lost, and the currency becomes unusable for normal transactions.” (https://bitcointalk.org/index.php?topic=583449.msg6830475#msg6830475) -2773: "The CryptoNote developers didn't want blocks getting very large without genuine need for it because it permits a malicious attack. So miners out of self-interest would deliberately restrict the size, forcing the network to operate at the edge of the penalty-free size limit but not exceed it. The maximum block size is a moving average so over time it would grow to accommodate organic volume increase and the issue goes away. This system is most broken when volume suddenly spikes." (https://bitcointalk.org/index.php?topic=583449.msg6830710#msg6830710) -3035: "We've contributed a massive amount to the infrastructure of the coin so far, enough to get recognition from cryptonote, including optimizing their hashing algorithm by an order of magnitude, creating open source pool software, and pushing several commits correcting issues with the coin that eventually were merged into the ByteCoin master. We also assisted some exchange operators in helping to support the coin. To say that has no value is a bit silly... We've been working alongside the ByteCoin devs to improve both coins substantially." (https://bitcointalk.org/index.php?topic=583449.msg6845545#msg6845545) [tacotime defends the Monero team and community of accusations of just “ripping-off” others hard-work and “steal” their project] -3044: "image" (https://bitcointalk.org/index.php?topic=583449.msg6845986#msg6845986) [Monero added to coinmarketcap may 21st 2014] -3059: "You have no idea how influential you have been to the success of this coin. You are a great ambassador for MRO and one of the reasons why I chose to mine MRO during the early days (and I still do, but alas no soup for about 5 days now)." (https://bitcointalk.org/index.php?topic=583449.msg6846509#msg6846509) [random user thanks smooth CONSTANT presence, and collaboration. It is not all FUD ;)] -3068: "You are a little too caught up in the mindset of altcoin marketing wars about "unique features" and "the team" behind the latest pump and dump scam. In fact this coin is really little more than BCN without the premine. "The team" is anyone who contributes code, which includes anyone contributing code to the BCN repository, because that will get merged as well (and vice-versa). Focus on the technology (by all accounts amazing) and the fact that it was launched in a clean way without 80% of the total world supply of the coin getting hidden away "somewhere." That is the unique proposition here. There also happens to be a very good team behind the coin, but anyone trying too hard to market on the basis of some "special" features, team, or developer is selling you something. Hold on to your wallet." (https://bitcointalk.org/index.php?topic=583449.msg6846638#msg6846638) [An answer to those trolls saying Monero has no innovation/unique feature] -3070: "Personally I found it refreshing that Monero took off WITHOUT a logo or a gui wallet, it means the team wasn't hyping a slick marketing package and is concentrating on the coin/note itself." (https://bitcointalk.org/index.php?topic=583449.msg6846676#msg6846676) -3119: “image” [included for the lulz] -3101: "[…]The main developers are tacotime, smooth, NoodleDoodle. Some needs are being contracted out, including zone117x, LucasJones, and archit for the pool, another person for a Qt GUI, and another person independently looking at the code for bugs." (https://bitcointalk.org/index.php?topic=583449.msg6848006#msg6848006) [the initial "core team" so far, eizh post] -3123: (https://bitcointalk.org/index.php?topic=583449.msg6850085#msg6850085) [fluffy steps-in with an interesting dense post. Don’t dare to skip it, worthwhile reading] -3127: (https://bitcointalk.org/index.php?topic=583449.msg6850526#msg6850526) [fluffy again, worth to read it too, so follow link, don’t be lazy] -3194: "Hi guys - thanks to lots of hard work we have added AES-NI support to the slow_hash function. If you're using an AES-NI processor you should see a speed-up of about 30%.” (https://bitcointalk.org/index.php?topic=583449.msg6857197#msg6857197) [flufflypony is now pretty active in the xmr topic and announces a new optimization to the crippled miner] -3202: "Whether using pools or not, this coin has a lot of orphaned blocks. When the original fork was done, several of us advised against 60 second blocks, but the warnings were not heeded. I'm hopeful we can eventually make a change to more sane 2- or 2.5-minute blocks which should drastically reduce orphans, but that will require a hard fork, so not that easy." (https://bitcointalk.org/index.php?topic=583449.msg6857796#msg6857796) [smooth takes the opportunity to remember the need of bigger target block] -3227: “Okay, optimized miner seems to be working: https://bitcointalk.org/index.php?topic=619373” [wolf0 makes public his open source optimized miner] -3235: "Smooth, I agree block time needs to go back to 2 minutes or higher. I think this and other changes discussed (https://bitcointalk.org/index.php?topic=597878.msg6701490#msg6701490) should be rolled into a single hard fork and bundled with a beautiful GUI wallet and mining tools." (https://bitcointalk.org/index.php?topic=583449.msg6861193#msg6861193) [tail emission, block target and block size are discussed in the next few messages among smooth, johnny and others. If you want to know further about their opinions/reasonings go and read it] -3268: (https://bitcointalk.org/index.php?topic=583449.msg6862693#msg6862693) [fluffy dares another user to bet 5 btc that in one year monero will be over dash in market cap. A bet that he would have lost as you can see here https://coinmarketcap.com/historical/20150524/ even excluding the 2M “instamined” coins] -3283: "Most of the previous "CPU only" coins are really scams and the developers already have GPU miner or know how to write one. There are a very few exceptions, almost certainly including this one. I don't expect a really dominant GPU miner any time soon, maybe ever. GPUs are just computers though, so it is certainly possible to mine this on a GPU, and there probably will be a some GPU miner, but won't be so much faster as to put small scale CPU miners out of business (probably -- absent some unknown algorithmic flaw). Everyone focuses on botnets because it has been so long since regular users were able to effectively mine a coin (due to every coin rapidly going high end GPU and ASIC) that the idea that "users" could vastly outnumber "miners" (botnet or otherwise) isn't even on the radar. The vision here is a wallet that asks you when you want to install: "Do you want to devote some of you CPU power to help secure the network. You will be eligible to receive free coins as a reward (recommended) [check box]." Get millions of users doing that and it will drive down the value of mining to where neither botnets nor professional/industrial miners will bother, and Satoshi's original vision of a true p2p currency will be realized. That's what cryptonote wants to accomplish with this whole "egalitarian mining" concept. Whether it succeeds I don't know but we should give it a chance. Those cryptonote guys seem pretty smart. They've probably thought this through better than any of us have." (https://bitcointalk.org/index.php?topic=583449.msg6863720#msg6863720) [smooth vision of a true p2p currency] -3318: "I have a screen shot that was PMed to me by someone who paid a lot of money for a lot of servers to mine this coin. He won't be outed by me ever but he does in fact exist. Truth." (https://bitcointalk.org/index.php?topic=583449.msg6865061#msg6865061) [smooth somehow implies it is not botnets but an individual or a group of them renting huge cloud instances] -3442: "I'm happy to report we've successfully cracked Darkcoin's network with our new quantum computers that just arrived from BFL, a mere two weeks after we ordered them." [fluffy-troll] -3481: “Their slogan is, "Orphaned Blocks, Bloated Blockchain, that's how we do"" (https://bitcointalk.org/index.php?topic=583449.msg6878244#msg6878244) [Major FUD troll in the topic. One of the hardest I’ve ever seen] -3571: "Tacotime wanted the thread name and OP to use the word privacy instead of anonymity, but I made the change for marketing reasons. Other coins do use the word anonymous improperly, so we too have to play the marketing game. Most users will not bother looking at details to see which actually has more privacy; they'll assume anonymity > privacy. In a world with finite population, there's no such thing as anonymity. You're always "1 of N" possible participants. Zero knowledge gives N -> everyone using the currency, ring signatures give N -> your choice, and CoinJoin gives N -> people who happen to be spending around the same amount of money as you at around the same time. This is actually the critical weakness of CoinJoin: the anonymity set is small and it's fairly susceptible to blockchain analysis. Its main advantage is that you can stick to Bitcoin without hard forking. Another calculated marketing decision: I made most of the OP about ring signatures. In reality, stealth addressing (i.e. one-time public keys) already provides you with 90% of the privacy you need. Ring signatures are more of a trump card that cannot be broken. But Bitcoin already has manual stealth addressing so the distinguishing technological factor in CryptoNote is the use of ring signatures. This is why I think having a coin based on CoinJoin is silly: Bitcoin already has some privacy if you care enough. A separate currency needs to go way beyond mediocre privacy improvements and provide true indistinguishably. This is true thanks to ring signatures: you can never break the 1/N probability of guessing correctly. There's no additional circumstantial evidence like with CoinJoin (save for IP addresses, but that's a problem independent of cryptocurrencies)." (https://bitcointalk.org/index.php?topic=583449.msg6883525#msg6883525) [Anonymity discussions, specially comparing Monero with Darkcoin and its coinjoin-based solution, keep going on] -3593: "Transaction fees should be a fixed percentage of the block reward, or at the very least not be controllable by the payer. If payers can optionally pay more then it opens the door for miner discrimination and tx fee bidding wars." (https://bitcointalk.org/index.php?topic=583449.msg6886770#msg6886770) [Johnny Mnemonic is a firm defender of fixed fees and tail emission: he see the “fee market” as big danger to the usability of cryptocurrencies] -3986: (https://bitcointalk.org/index.php?topic=583449.msg6930412#msg6930412) [partnership with i2p] -4373: “Way, way faster version of cpuminer: https://bitcointalk.org/index.php?topic=619373” (https://bitcointalk.org/index.php?topic=583449.msg6993812#msg6993812) [super-optimized miner is finally leaked to the public. Now the hashrate is 100 times bigger than originally with crippled miner. The next hedge for "cloud farmers" is GPU mining] -4877: “1. We have a logo! If you use Monero in any of your projects, you can grab a branding pack here. You can also see it in all its glory right here: logo […] 4. In order to maintain ISO 4217 compliance, we are changing our ticker symbol from MRO to XMR effective immediately." (https://bitcointalk.org/index.php?topic=583449.msg7098497#msg7098497) [Jun 2nd 2014] -5079: “First GPU miner: https://bitcointalk.org/index.php?topic=638915.0” (https://bitcointalk.org/index.php?topic=583449.msg7130160#msg7130160) [4th June: Claymore has developed the first CryptoNight open source and publicly available GPU miner] -5454: "New update to my miner - up to 25% hash increase. Comment and tell me how much of an increase you got from it: https://bitcointalk.org/index.php?topic=632724" (https://bitcointalk.org/index.php?topic=583449.msg7198061#msg7198061) [miner optimization is an endless task] -5464: "I have posted a proposal for fixed subsidy: https://bitcointalk.org/index.php?topic=597878.msg7202538#msg7202538" (https://bitcointalk.org/index.php?topic=583449.msg7202776#msg7202776) [Nice charts and discussion proposed by tacotime, worth reading it] -5658: "- New seed nodes added. - Electrum-style deterministic wallets have been added to help in the recovery of your wallet should you ever need to. It is enabled by default." (https://bitcointalk.org/index.php?topic=583449.msg7234475#msg7234475) [Now you can recover your wallet with a 24 word seed] -5726: (https://bitcointalk.org/index.php?topic=583449.msg7240623#msg7240623) [Bitcoin Pizza in monero version: a 2500 XMR picture sale (today worth ~$20k)] -6905: (https://bitcointalk.org/index.php?topic=583449.msg7386715#msg7386715) [Monero missives: CryptoNote peer review starts whitepaper reviewed)] -7328: (https://bitcointalk.org/index.php?topic=583449.msg7438333#msg7438333) [android monero widget built] This is a dense digest of the first several thousand messages on the definitive Monero thread. A lot of things happened in this stressful days and most are recorded here. It can be summarized in this:
28th April: Othe and zone117x assume the GUI wallet and CN pools tasks.
30th April: First NoodleDoodle's miner optimization.
11th May: First Monero exchanger
13th May: Open source pool code is ready.
16th May: First pool mined block.
19th May: Monero in poloniex
20th May: Monero +1100 bitcoin 24h trading volume in Poloniex.
21st May: New official miner optimization x4 speed (accumulated optimization x12-x16). Open source wolf0's CPU miner released.
25th May: partnership with i2p
28th May: The legendary super-optimized miner is leaked. Currently running x90 original speed. Hedge of the "cloud farmers" is over in the cpu mining.
2nd June: Monero at last has a logo. Ticker symbol changes to the definitive XMR (former MRO)
4th June: Claymore's open source GPU miner.
10th June: Monero's "10,000 bitcoin pizza" (2500 XMR paintig). Deterministic seed-based wallets (recover wallet with a 24 word seed)
March 2015 – tail emission added to code
March 2016 – monero hard forks to 2 min block and doubles block reward
There basically two things in here that can be used to attack Monero:
Crippled miner Gave unfair advantage to those brave enough to risk money and time to optimize and mine Monero.
Fast curve emission non-bitcoin-like curve as initially advertised and as it was widely accepted as suitable
Though we have to say two things to support current Monero community and devs:
The crippled miner was coded either by Bytecoin or CryptoNote, and 100% solved within a month by Monero community
The fast curve emission was a TFT miscalculation. He forgot to consider that as he was halving the block target he was unintentionally doubling the emission rate.
The origins of bitcoin trace back to 2008, when its creator, who went by the pseudonym Satoshi Nakamoto, published a proof of concept for Bitcoin. The proof was then published to a cryptocurrency mailing list in 2009. Nakamoto left the project in 2010 and disappeared, but other developers picked up the work. Bitcoin's birthday is Jan. 3, when Nakamoto mined the first 50 units of the currency.
An elusive creator
The true identity of Bitcoin's creator has never been confirmed. Newsweek claimed to have found Bitcoin's creator in 2014, identifying Temple City, Calif., resident Dorian Satoshi Nakamoto. He has vigorously denied it. In 2015, an Australian entrepreneur named Craig Wright said he was Bitcoin's creator, but he couldn't produce the evidence to support his claim. Whoever Nakamoto is, that person is very rich, as the creator is estimated to have mined a million bitcoins in the currency’s early days.
Very expensive pizza
The first transaction involving bitcoin was reported on May 22, 2010, when a programmer identified as Laszlo Hanyecz said he "successfully traded 10,000 bitcoins for pizza." As of Nov. 28, 2017, 10,000 bitcoins are worth about $99 million.
You can spend bitcoins
While it may not seem like it, people continue to use bitcoins to buy stuff. The largest businesses to accept the cryptocurrency include Overstock.com, Expedia, Newegg and Dish.
Federal Bureau of Bitcoin
At one point, the U.S. government was one of the largest holders of bitcoin. In 2013, after the FBI shut down Silk Road, a darknet site where people could buy drugs and other illicit goods and services, it took over bitcoin wallets controlled by the site, one of which held 144,000 bitcoins. Investors have been making a killing by bidding on government-seized bitcoins.
A mountain-sized setback
In early 2014, Bitcoin suffered a devastating loss after the alleged hacking of Mt. Gox, a Japanese exchange. About $460 million of the currency (in 2014 value) was stolen. It was the largest loss of bitcoins ever and raised concerns about how secure the currency was.
The billionaires' takes
Warren Buffett, perhaps the most famous investor in the world, was not so keen on Bitcoin one of the only times he addressed the currency. "Stay away from it. It's a mirage, basically," he told CNBC. "The idea that it has some huge intrinsic value is a joke in my view." Fellow billionaire investor Jamie Dimon, chief executive of JPMorgan Chase, had even stronger words about Bitcoin: “You can’t have a business where people are going to invent a currency out of thin air. It won’t end well … someone is going to get killed and then the government is going to come down on it.” But not all billionaires are against Bitcoin. Mark Cuban has said its value is inflated, but he recently invested in a venture capital fund that backs cryptocurrency. Richard Branson, however, has spoken more optimistically about it.
Super wealthy twins and a smart teen
Other notable investors in Bitcoin include Cameron and Tyler Winklevoss (the Harvard-educated twins who sued Mark Zuckerberg claiming that Facebook was based on an idea they'd had). They bought $11 million worth of Bitcoin in 2013, an amount said to be about 1 percent of all bitcoins in circulation at that time. When Bitcoin's value reached more than $11,000 in early December, the twins were declared the first Bitcoin billionaires. The Winklevoss twins have been petitioning the SEC to create a bitcoin exchange traded fund. The agency rejected the idea earlier this year. Another is investor and entrepreneur Erik Finman, who invested $1,000 into Bitcoin when he was 14 years old and is now a millionaire.
Celebrities want in
Celebrities have also expressed enthusiasm for the cryptocurrency. Actor and Goop founder Gwyneth Paltrow advises Abra, a Bitcoin wallet, and Ashton Kutcher, Nas and Floyd Mayweather have all invested in Bitcoin startups.
Support from a big financial institution
In August 2017, Fidelity Investments became a rare standout among financial institutions in embracing Bitcoin and other cryptocurrencies. The company allows its clients to use the Fidelity website to view their bitcoin holdings held through digital wallet provider Coinbase. "This is an experiment in the spirit of learning what these crypto assets are like and how our customers may want to interact with them," Hadley Stern, senior vice president and managing director at Fidelity Labs, told Reuters.
A hard fork
On Aug. 1, 2017, Bitcoin experienced what's being called a "hard fork" as a result of a few issues, including the limited number of transactions that can be processed per second. Essentially, the cryptocurrency split into two, with Bitcoin Cash debuting. Here's how Rob Marvin of PCMag explains the situation: "The Bitcoin fork speaks to a fundamental ideological rift over what's more important: preserving the decentralized nature and independent control of the Bitcoin network, or accelerating transaction speeds to make the cryptocurrency more viable for mainstream ecommerce and payments." Bitcoin Cash allows larger blocks of currency and more transactions per second.
At the end of November 2017, Bitcoin's value reached toward $10,000 per unit. There are some 16.7 million Bitcoin units in circulation, and the cryptocurrency's market capitalization ($167,156,585,840 as of Nov. 28, 2017) is actually higher than that of Disney, McDonald's or IBM, and it is slightly above that of GE.
As of early December, there is another way to invest in Bitcoin without possessing some of the digital currency. On Dec. 10, 2017, Bitcoin futures -- "financial contracts obligating the buyer to purchase an asset or the seller to sell an asset," according to Investopedia -- became available on Cboe, a Chicago exchange. What this means for the future of Bitcoin is uncertain, but some argue it will help stabilize the cryptocurrency's wild price fluctuations.
If you've got your calculators out (or up on your desktop), you already know that Hanyecz's pizza purchase would be worth about $7 million at current Bitcoin prices. Little did he know that will be, in fact, that this resulted in the most expensive pizzas ever bought. Today, that amount in Bitcoin is worth over $7 million. Better yet, if he would have kept the Bitcoin until the crypto market boom in 2017, he would have got somewhere around $70 million. The first Bitcoin transaction. The first block was added to the Bitcoin block on January 2009. Not long ... Top 100 Richest Bitcoin Addresses. Bitcoin distribution. First Input, Last Input, Number Of Inputs, First Output, Last Output, Number Of Outputs, Balance On this day, May 22nd, the famous Bitcoin Pizza Day is celebrated, commemorating the purchase of two pizzas for 10 thousand Bitcoin (BTC).. It is the tenth anniversary of this historic event for the blockchain world. It was the distant 22nd May 2010 when Laszlo Hanyecz ordered 2 pizzas from Domino’s, located in Jacksonville, Florida (to commemorate the event there is a plaque in the pizza ... The most expensive pizza purchase ever made . Due to cryptocurrency’s volatility, the fluctuations in price over the years have been truly mind-boggling, and has made some people very very rich ...
#743 Digitale Lira Ende 2020, europäische Digitalwährung & Kein Bitcoin Mining Verbot China
Top 5 Best Bitcoin Wallets Simplistically, bitcoin wallets can be divided into five kinds: desktop, mobile, online, hardware and paper wallets. Such a lot of bitcoin wallets out there, it is tough ... Bitcoin is one of the most important inventions in all of human history. For the first time ever, anyone can send or receive any amount of money with anyone ... A friend of mine created the Bitcoin Pizza when Bitcoin was about $2,000. Now...its way more, but its still a bitcoin if you want one! Thanks to PIE for making this happen. Oh you also get ... I lost my wallet and someone didn't return it. Revenge is a dish best served... with data. Get your FREE audiobook here: http://audible.com/markrober or text... If you've ever walked into your local coffee shop, and tried to pay for your latte with Bitcoin, chances are your barista may have given you a wry smile and pointed at a sign saying cash only. And ...