New York's bitcoin hub dreams fade with licensing backlog

Are There Any Bitcoin E-Books?

I have only seen one so far, http://www.makeuseof.com/pages/download-virtual-currency-the-bitcoin-manual
submitted by LinuxNut to Bitcoin [link] [comments]

DOWNLOAD Virtual Currency: The MakeUseOf BitCoin Manual

DOWNLOAD Virtual Currency: The MakeUseOf BitCoin Manual submitted by waspoza to Bitcoin [link] [comments]

Elrond partners with Swipe to enable ERD spending at over 60 million merchants

Elrond partners with Swipe to enable ERD spending at over 60 million merchants

https://preview.redd.it/06f3d5ds57c51.jpg?width=1280&format=pjpg&auto=webp&s=5d76c6770b2fe1f98b96fae201030247a61e2920
We are thrilled to announce that Elrond has partnered with Swipe and will be integrated within the Swipe platforms. This will make the $ERD token directly available for onboarding by more than 500,000 new users.
Furthermore, $ERD will be spendable via Swipe Wallet and its associated Visa debit cards, in either digital or physical form, at 60 million merchants directly, as well as through services such as Google Pay, Apple Pay & Samsung Pay.
“Bringing our high throughput, low latency, and inexpensive transactional layer online is an important step for our launch. Convenience, ease of use, and utility for the ERD currency is another. We are thrilled to work with the Swipe team, on an integration which brings us closer to what will be a defining moment for the new internet economy.” said Beniamin Mincu, Elrond CEO.
Recently acquired by Binance, Swipe is a multi-asset digital wallet and Visa card platform that allows users to buy, sell, convert, and spend cryptocurrencies. It offers direct access to more than 30 cryptocurrencies, buy, swap & sell options for credit or debit cards, and bank transfers.
Swipe Wallets have associated virtual Visa debit cards, which can also be obtained in physical form, to be used like any normal card. The payment process automatically converts the selected cryptocurrency into fiat to execute a seamless transaction at any of the 60 million merchants, or via Google, Apple, and Samsung payment services.
“Elrond’s notable progress makes it seem like they have just recently appeared. We know ourselves that such success does not come overnight and is the result of hard work. We are excited to include them in our portfolio and be a part of their journey.” said Joselito Lizarondo, Swipe CEO.
The integration is important for Elrond because it gets access to new users in 31 European countries, and soon launching in Asia and North America. It also offers existing Elrond users the possibility to spend $ERD directly as $EUR, $GBP, $USD and $KRW anywhere VISA cards are accepted, as well as through the major mobile payment services, with cashback options in Bitcoin.
About Elrond
Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
About Swipe
Swipe is a multi-asset digital wallet and Visa debit card platform designed to let users buy, sell, and spend their cryptocurrencies. Swipe is headquartered in the Philippines with operations in the United Kingdom, United States, Singapore, and Canada. The Swipe platform enables users to spend cryptocurrencies in real-time without having to manually convert the transactions prior. Users can also buy/sell cryptocurrencies with their linked bank accounts globally. For more information, visit: https://swipe.io
submitted by SwipeWallet to Swipe_io [link] [comments]

Rock N Rolla Casino 2500 uBTC free no deposit bonus!

Rock N Rolla Casino 2500 uBTC free no deposit bonus!

Rock N Rolla Casino Welcome Bonus
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About Rock N Rolla Casino

Launched in 2020 with virtual casino as well as Live Dealer and Betting, at Rock N Rolla Casino users are offered a wide suite of products. At present, the game library consists of games from 12 varied software providers, who have a total sum of more than 465 top games. Depending on the country that you live in the accurate count of games might vary. Fairness and security of Rock N Rolla Casino are monitored by the Curaçao eGaming. Currently, the Rock N Rolla Casino site is only at your disposal in one language. Upon sign-up, you can get a new customer bonus. For further information on the casino continue reading this Rock N Rolla Casino review.

Games and Software Provider at Rock N Rolla Casino

Speaking of games, Rock N Rolla Casino has a lot to offer and should provide something for every user’s taste. Along with themed slots and progressive jackpot games you have the possibility to choose classic slots, video slot games and 3D slot machines, to state just some options. Naturally, the casino provides some of the best slots from Pragmatic Play, Playson or Endorphina as well as other well-established game providers. Furthermore, live dealer games (for example from Pragmatic Play as well as Super Spade Games). are also at your disposal.

Deposits at Rock N Rolla Casino

To pay in at Rock N Rolla Casino you can make use of a bunch of different deposit options. Making use of cryptocurrencies like Bitcoin and Litecoin is an option. The availability of deposit and withdrawal methods varies from one location to another. Note: The casino may have different deposit limits per payment option. To identify the Rock N Rolla Casino deposit limits, you are able to look at the cashier section or get in touch with customer care.
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Withdrawals at Rock N Rolla Casino

Of course, initiating a payout is also possible with many payment methods. The casino does not allow withdrawals with prepaid methods, however, there are some other methods like Bitcoin & Litecoin. Do not forget the withdrawal restrictions before considering withdrawal. Regarding free withdrawals at Rock N Rolla Casino, there are no limitations, meaning an unlimited quantity of free withdrawals is permitted. Therefore, there are no payout fees no matter how many payouts you would like to initiate. Every withdrawal that you request will be checked manually. Typically, it takes up to 1 day to process the payout at Rock N Rolla Casino. Approval for the payout should be sent to you within 12 hours. Do not forget that the casino will solely carry out withdrawals on working days.

Rock N Rolla Casino Registration and Account Verification

To sign up at Rock N Rolla Casino you only need to follow a few steps. In the first step, you are required to type in a few personal information to the sign-up form. Once you have typed in your data to the Rock N Rolla Casino registration form, the casino asks you to approve your account. Therefore, casinos often provide a confirmation link via email, that players must click on. After this validation procedure, you have the option to begin playing.
Prior to transacting your first withdrawal, you will have to undergo the account verification. To this purpose, you have to provide a scan of an official document (id card, driving license or passport). Additionally, a confirmation of your abode, that can be completed by uploading a supplier receipt (phone bill, electricity bill or gas bill) or a banking document (credit card photo), is needed.
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Customer Service and Security at Rock N Rolla Casino

Rock N Rolla Casino offers a few contact opportunities to reach out to the customer service. For one thing, reaching out to the customer support can be done via email ([email protected]). Usually, you get a response to your email within a short time. there is a web form on the casino website, that you can utilize to contact the support staff. The customer care staff always replied to our questions in a helpful and fast way, when we scrutinized the casino. Rock N Rolla Casino additionally offers, where you should find answers to common questions.
Casinos can only keep their licenses if they are secure and fair. The Rock N Rolla Casino website is coded with SSL128 to provide a high standard of security. The fairness is tested on a regular basis by the Curaçao eGaming, who is the corresponding commission in this case.
At Rock N Rolla Casino responsible gaming is aided through player protection options. These options permit you to:
  • Self exclude from the casino
  • Pause your account

Incentives

Rock N Rolla Casino offers additional offers for registered customers, e.g. a no deposit bonus and a cash back bonus, on top of the welcome bonus. The casino might, however, have set specific terms for these offers that you should go through prior to unlocking any offers. At Rock N Rolla Casino joining a loyalty program or availing of VIP, customer benefits is not an option. Momentarily we do not know anything about Rock N Rolla Casino slot tournaments, but it may be that they will organize tournaments for live casinos, slots, or table games in the future.

Rock N Rolla Casino Operator Infos

The operator is also operating additional brands, including. Hitherto, no further brands have been founded by this operator. As far as we know, it is not listed at the stock exchange.

Our conclusion

In total, experienced customers and newcomers alike can experience a nice casino when signing up at Rock N Rolla Casino. Including 12 different game studios, the casino games lobby is average. Furthermore, when getting started as a customer, you can activate good bonuses. Find out yourself by joining Rock N Rolla Casino.
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submitted by freespinsgaming to u/freespinsgaming [link] [comments]

How to Develop Decentralized MLM Platform with Ethereum Smart Contract?

How to Develop Decentralized MLM Platform with Ethereum Smart Contract?

Decentralization is the process of distributing and dispersing power away from a central authority. Most financial and governmental systems, which are currently in existence, are centralized, meaning that there is a single highest authority in charge of managing them, such as a central bank or state apparatus. There are several crucial disadvantages to this approach, stemming from the fact that any central authority also plays the role of a single point of failure in the system: any malfunction at the top of the hierarchy, whether unintentional or deliberate, inevitably has a negative effect on the entire system. Bitcoin was designed as a decentralized alternative to government money and therefore doesn’t have any single point of failure, making it more resilient, efficient and democratic. Its underlying technology, the Blockchain, is what allows for this decentralization, as it offers every single user an opportunity to become one of the network’s many payment processors. Since Bitcoin’s appearance, many other cryptocurrencies, or altcoins, have appeared, and most of the times they also use the Blockchain in order to achieve some degree of decentralization.
📷
Develop Decentralized MLM Platform with Ethereum Smart Contract
Smart Contracts
A smart contract is a protocol that enforces the performance of a contract with adding the terms of the agreement into the code. Smart contracts are a great way to exclude any third party from the transaction and make transaction prices lower, as they need no validation. Smart contracts are implemented in a lot of cryptocurrencies to control the transfers of digital currency, establish a governance and a lot of other things. But smart contracts have a wider range of possible implementations. Smart contracts may be used in voting, management, machine-to-machine interactions in the internet-of-things, real estate and in the building of personal data storage with specific access policies, e.g., medical databases. Still, smart contracts are not perfect. They don’t exclude the possibility of bugs or fraud and have no way of changing post-factum, which may be necessary in some cases.
📷
MLM Business with Ethereum Dapp and Smart Contract
The Smart Contract Process
Pre-defining the contract.Here the terms of engagement are established by all counterparties, e.g. currency to be used to make payments, the currency rates, and variable interest rate.The conditions for execution are also set; for example the time, date and even the variable interest rate at a given value.
Events — here events trigger the implementation of the contract.
The events can refer to; the information received and initiation of the transaction.
Execution and the transfer of value — here the terms of the contract will dictate the movement of value which is based on if the conditions have been met.
Settlement of the contact — this can happen in two ways;On-chain assets (digital)– in the case of virtual assets such as cryptocurrency, the accounts are automatically settled.Off-chain assets (physical) — for assets like stocks and fiat, the changes to accounts on the ledger will match the off-chain settlement instructions.
Benefits Of Smart Contracts
  1. Transparency
Smart contracts allow for the terms and conditions of these contracts to be fully accessible and visible to all the relevant parties. Once the agreement has been established, there is no way to dispute it.
  1. Accuracy
One of the main requirements of smart contracts is the need to record all the terms and conditions in precise details. The element is necessary since an omission can result in transaction errors. So, automated contracts try to avoid the pitfalls that are associated with manually filling out heaps of forms.
  1. Security
Smart contracts employ the highest level of data encryption that is currently available, the same as what is used by cryptocurrencies. By doing this, their level of protection is among the best and the most secure on the world wide web.
  1. Speed
Smart contracts live on the internet and run on software code. As a result, they can execute transactions very fast. This speed can save many hours when compared to traditional business processes.
  1. Efficiency
This is the byproduct of accuracy and speed. The great thing is that higher efficiencies lead to more value-generating transactions that are processed per unit of time.
  1. Clear Communication
When setting up smart contracts, there is a need to detail everything accurately. This means there is no room for miscommunication or misinterpretation. Therefore, they can cut down on efficiency that is lost to gaps in communication.
  1. Storage and Backup
Smart contracts are used to record vital details of each transaction. Therefore, wherever an individual’s details are used in a contract, they are permanently stored for future reference. So, in case there is data loss then these attributes can be easily retrieved.
  1. Trust
The good thing about smart contacts is that they inspire absolute confidence in their execution. The secure, autonomous and transparent nature of these agreements takes away the possibility of bias, manipulation or error.
  1. Guaranteed Outcomes
This is another attractive feature of automated contracts. They have the potential to significantly reduce or even eliminate the need for litigation and going to courts. By employing self-executing contracts, these parties commit themselves to operate by the rules of the underlying code.
  1. Savings
One of the primary benefits of a smart contract is that they eliminate the need for having a vast chain of middlemen. This means there is no need for lawyers, banks, witnesses and any other intermediaries.
Types of Smart Contracts
Smart contracts have the potential to disrupt many industries including the banking sector, insurance, telecommunication, art world, music and film, education and many more. They range from simple to complex.
An example of simple contracts includes time-stamping services like ascribe for art registry — also, governmental and semi-governmental records for land titles, birth certificates, school, and university degrees.
However, many regulatory aspects are made up of complex contracts. A good example is the Decentralized Autonomous Organization which represents the most complex form of smart contracts.
MLM Software With Smart Contract The Ethereum integrated Crypto MLM software is most preferred due to the following reasons: ·Highly secured data storage
·Reliable and trustworthy
·Decentralized with clear transparency
·Risk free, unhackable, immutable smart contract
·Peer to Peer automated transactions etc
Start a smart contract based MLM Website with the support of a leading Cryptocurrency MLM software development company
who provides all types of MLM business script with advanced and effective smart contract development solutions. As it have many advantages like devoid of fraudulent activities, east tracking, multiple payment options, less risk and low cost, huge ROI, there arise many MLM businesses to compete with. You can customize your own MLM system by choosing any of your desired MLM Clone Scripts. Herewith, the top smart contract MLM Clone Scripts and also you can develop your own MLM clone app based on your business requirements. ØMillion Money Clone Script
ØForsage Clone Script
ØEtrix.io MLM Clone Script
ØDoubleway MLM Clone Script
ØEthereums Cash MLM Clone Script
ØXOXO Smart Contract MLM Clone
Tags :
#MLM Software with Smart Contracts #Smart Contract MLM Software #Ethereum MLM Software #Decentralized MLM Software #MLM with Ethereum Smart contract #forsage clone #Million Money Software Clone #Smart contract developers Malaysia #Top MLM Software Malaysia
Contact : Fatin / Linges +60164998736
submitted by Mlmsoftwaremy to u/Mlmsoftwaremy [link] [comments]

Decentralized MLM Software Development Company

Decentralization is the process of distributing and dispersing power away from a central authority. Most financial and governmental systems, which are currently in existence, are centralized, meaning that there is a single highest authority in charge of managing them, such as a central bank or state apparatus. There are several crucial disadvantages to this approach, stemming from the fact that any central authority also plays the role of a single point of failure in the system: any malfunction at the top of the hierarchy, whether unintentional or deliberate, inevitably has a negative effect on the entire system. Bitcoin was designed as a decentralized alternative to government money and therefore doesn’t have any single point of failure, making it more resilient, efficient and democratic. Its underlying technology, the Blockchain, is what allows for this decentralization, as it offers every single user an opportunity to become one of the network’s many payment processors. Since Bitcoin’s appearance, many other cryptocurrencies, or altcoins, have appeared, and most of the times they also use the Blockchain in order to achieve some degree of decentralization.
📷
MLM Software with Ethereum Smart Contract : Decentralized MLM Software Development Company
Smart Contracts
A smart contract is a protocol that enforces the performance of a contract with adding the terms of the agreement into the code. Smart contracts are a great way to exclude any third party from the transaction and make transaction prices lower, as they need no validation. Smart contracts are implemented in a lot of cryptocurrencies to control the transfers of digital currency, establish a governance and a lot of other things. But smart contracts have a wider range of possible implementations. Smart contracts may be used in voting, management, machine-to-machine interactions in the internet-of-things, real estate and in the building of personal data storage with specific access policies, e.g., medical databases. Still, smart contracts are not perfect. They don’t exclude the possibility of bugs or fraud and have no way of changing post-factum, which may be necessary in some cases. The Smart Contract Process
Pre-defining the contract.Here the terms of engagement are established by all counterparties, e.g. currency to be used to make payments, the currency rates, and variable interest rate.The conditions for execution are also set; for example the time, date and even the variable interest rate at a given value.
Events — here events trigger the implementation of the contract.
The events can refer to; the information received and initiation of the transaction.
Execution and the transfer of value — here the terms of the contract will dictate the movement of value which is based on if the conditions have been met.
Settlement of the contact — this can happen in two ways;On-chain assets (digital)– in the case of virtual assets such as cryptocurrency, the accounts are automatically settled.Off-chain assets (physical) — for assets like stocks and fiat, the changes to accounts on the ledger will match the off-chain settlement instructions.
📷
MLM Software in Smart contract Ethereum DApp
Benefits Of Smart Contracts
  1. Transparency
Smart contracts allow for the terms and conditions of these contracts to be fully accessible and visible to all the relevant parties. Once the agreement has been established, there is no way to dispute it.
  1. Accuracy
One of the main requirements of smart contracts is the need to record all the terms and conditions in precise details. The element is necessary since an omission can result in transaction errors. So, automated contracts try to avoid the pitfalls that are associated with manually filling out heaps of forms.
  1. Security
Smart contracts employ the highest level of data encryption that is currently available, the same as what is used by cryptocurrencies. By doing this, their level of protection is among the best and the most secure on the world wide web.
  1. Speed
Smart contracts live on the internet and run on software code. As a result, they can execute transactions very fast. This speed can save many hours when compared to traditional business processes.
  1. Efficiency
This is the byproduct of accuracy and speed. The great thing is that higher efficiencies lead to more value-generating transactions that are processed per unit of time.
  1. Clear Communication
When setting up smart contracts, there is a need to detail everything accurately. This means there is no room for miscommunication or misinterpretation. Therefore, they can cut down on efficiency that is lost to gaps in communication.
  1. Storage and Backup
Smart contracts are used to record vital details of each transaction. Therefore, wherever an individual’s details are used in a contract, they are permanently stored for future reference. So, in case there is data loss then these attributes can be easily retrieved.
  1. Trust
The good thing about smart contacts is that they inspire absolute confidence in their execution. The secure, autonomous and transparent nature of these agreements takes away the possibility of bias, manipulation or error.
  1. Guaranteed Outcomes
This is another attractive feature of automated contracts. They have the potential to significantly reduce or even eliminate the need for litigation and going to courts. By employing self-executing contracts, these parties commit themselves to operate by the rules of the underlying code.
  1. Savings
One of the primary benefits of a smart contract is that they eliminate the need for having a vast chain of middlemen. This means there is no need for lawyers, banks, witnesses and any other intermediaries.
Types of Smart Contracts
Smart contracts have the potential to disrupt many industries including the banking sector, insurance, telecommunication, art world, music and film, education and many more. They range from simple to complex.
An example of simple contracts includes time-stamping services like ascribe for art registry — also, governmental and semi-governmental records for land titles, birth certificates, school, and university degrees.
However, many regulatory aspects are made up of complex contracts. A good example is the Decentralized Autonomous Organization which represents the most complex form of smart contracts.
MLM Software With Smart Contract The Ethereum integrated Crypto MLM software is most preferred due to the following reasons: ·Highly secured data storage
·Reliable and trustworthy
·Decentralized with clear transparency
·Risk free, unhackable, immutable smart contract
·Peer to Peer automated transactions etc
📷
MLM Software with Ethereum Smart Contract : Decentralized MLM Software Development Company
Start a smart contract based MLM Website with the support of a leading Cryptocurrency MLM software development company
who provides all types of MLM business script with advanced and effective smart contract development solutions. As it have many advantages like devoid of fraudulent activities, east tracking, multiple payment options, less risk and low cost, huge ROI, there arise many MLM businesses to compete with. You can customize your own MLM system by choosing any of your desired MLM Clone Scripts. Herewith, the top smart contract MLM Clone Scripts and also you can develop your own MLM clone app based on your business requirements. ØMillion Money Clone Script
Forsage Clone Script
Etrix.io MLM Clone Script
Doubleway MLM Clone Script
Ethereums Cash MLM Clone Script
XOXO Smart Contract MLM Clone
Tags :
#MLM Software with Smart Contracts #Smart Contract MLM Software #Ethereum MLM Software #Decentralized MLM Software #MLM with Ethereum Smart contract #forsage clone #Million Money Software Clone #Smart contract developers Malaysia #Top MLM Software Malaysia
Contact : Fatin / Linges +60164998736 www.cryptosoftmalaysia.com
submitted by cryptosoftmalaysiakl to u/cryptosoftmalaysiakl [link] [comments]

MLM Business with Ethereum Dapp and Smart Contract

The Future of MLM is Smart contract Contracts by MLM Software Malaysia Team
A powerful new technology has emerged in recent years, and it is disrupting the traditional ways of managing contracts. Enter, the blockchain platform and the world of smart contracts.
At it’s most basic form, a blockchain is a massive digital ledger of economic transactions. This ledger can be used to record anything of value and importance.
📷
MLM Business with Ethereum Dapp and Smart Contract
📷 Typical use cases include birth and death certificates, deeds of ownership, financial accounts, medical procedures, claims, and anything else that can be recorded in computer code.
MLM Software with Smart contract
mlmsoftwaremalaysia.com : When we integrate smart contracts solutions into the working of an MLM business structure, it simplifies the selling while making it integral to the perpetual growth of the enterprise. With a peer-to-peer architecture, it generates more assets for the company. When smart contracts are configured into the core of your enterprise, it provides multiple advantages. It eliminates the chances of fraud that most of the wholesalers and end-users are exposed to. The inclusion of smart contracts brings a high level of precision in operations while establishing a strong trusted network. The integration enables automated transactions with authorized techniques.
📷
MLM Business with Ethereum Dapp and Smart Contract
While it was created to support the Bitcoin cryptocurrency, developers quickly saw the potential for the blockchain platform to disrupt the entire system of traditional record-keeping.
Ethereum, another cryptocurrency with its proprietary blockchain platform, is widely considered to be the future technology for contracts.
What Are Smart Contracts?
Smart contracts are self-executing, self-enforcing contracts. They are governed by the explicit terms and conditions laid out within them. mlmsoftwaremalaysia.com providing best smart contracts for MLM Business.
MLM Software With Smart Contract
These virtual agreements can facilitate the exchange of money, content, shares, property, or anything of value.
The self-executing nature of these contracts provides a tremendous opportunity for use in any field that relies on data to drive transactions.
MLM software development company
What Are the Advantages of Smart Contracts?
These contracts already possess multiple advantages over traditional arrangements. This number is likely to increase in the future as the technology improves.
For now, here are ten benefits to using them.
  1. Accuracy
One of the primary requirements of a smart contract is to record all terms and conditions in explicit detail.
This is a requirement because an omission could result in transaction errors. As a result, automated contracts avoid the pitfalls of manually filling out heaps of forms.
  1. Transparency
The terms and conditions of these contracts are fully visible and accessible to all relevant parties. There is no way to dispute them once the contract is established.
This facilitates total transparency of the transaction to all concerned parties.
  1. Clear Communication
The need for accuracy in detailing the contract results in everything being explicit. There can be no room for miscommunication or misinterpretation.
Thus, smart contracts can drastically cut down on efficiency lost to gaps in communication.
  1. Speed
These contracts run on software code and live on the internet. As a result, they can execute transactions very quickly. This speed can shave hours off many traditional business processes.
There is no need to process documents manually.
  1. Security
Automated contracts use the highest level of data encryption currently available, which is the same standard that modern crypto-currencies use. This level of protection makes them amongst the most secure items on the world wide web.
  1. Efficiency
A natural byproduct of the speed and accuracy of these contracts is the efficiency with which they operate.
Higher efficiencies result in more value-generating transactions processed per unit of time.
  1. Paper Free
Businesses across the globe are becoming increasingly conscious about their impact on the environment. Smart contracts enable the “go-green” movement because they live and breathe in the virtual world.
This removes the need for vast reams of paper.
  1. Storage & Backup
These contracts record essential details in each transaction. Therefore, anytime your details are used in a contract, they are permanently stored for future records.
In the event of data loss, these attributes are easily retrievable.
  1. Savings
Perhaps one of the most significant advantages of automated contracts is that they eliminate the need for a vast chain of middlemen.
There’s no need for lawyers, witnesses, banks and other intermediaries.
  1. Trust
Smart contracts generate absolute confidence in their execution. The transparent, autonomous, and secure nature of the agreement removes any possibility of manipulation, bias, or error.
Once solemnized, the contract is executed automatically by the network.
  1. Guaranteed Outcomes (Bonus)
Another attractive feature of these contracts may be the potential to reduce significantly or even eliminate the need for litigation and courts.
By using a self-executing contract, parties commit themselves to bind by the rules and determinations of the underlying code.
TAGS : Smart Contract MLM, MLM with Dapp, MLM with smart contract, Bitcoin MLM Software, MLM software development, MLM Software, Crypto MLM Software, Smart Contract based MLM
Website : www.mlmsoftwaremalaysia.com
submitted by MLMsoftwarecompanykl to u/MLMsoftwarecompanykl [link] [comments]

MLM Business with Ethereum Dapp and Smart Contract

The Future of MLM is Smart contract Contracts
A powerful new technology has emerged in recent years, and it is disrupting the traditional ways of managing contracts. Enter, the blockchain platform and the world of smart contracts.
At it’s most basic form, a blockchain is a massive digital ledger of economic transactions. This ledger can be used to record anything of value and importance.
Typical use cases include birth and death certificates, deeds of ownership, financial accounts, medical procedures, claims, and anything else that can be recorded in computer code.
📷 MLM Software with Smart contract
OG Software Solutions Sdn Bhd malaysia : When we integrate smart contracts solutions into the working of an MLM business structure, it simplifies the selling while making it integral to the perpetual growth of the enterprise. With a peer-to-peer architecture, it generates more assets for the company. When smart contracts are configured into the core of your enterprise, it provides multiple advantages. It eliminates the chances of fraud that most of the wholesalers and end-users are exposed to. The inclusion of smart contracts brings a high level of precision in operations while establishing a strong trusted network. The integration enables automated transactions with authorized techniques.
While it was created to support the Bitcoin cryptocurrency, developers quickly saw the potential for the blockchain platform to disrupt the entire system of traditional record-keeping.
Ethereum, another cryptocurrency with its proprietary blockchain platform, is widely considered to be the future technology for contracts.
What Are Smart Contracts?
Smart contracts are self-executing, self-enforcing contracts. They are governed by the explicit terms and conditions laid out within them. OG Software Solutions Sdn Bhd providing best smart contracts for MLM Business.
These virtual agreements can facilitate the exchange of money, content, shares, property, or anything of value.
The self-executing nature of these contracts provides a tremendous opportunity for use in any field that relies on data to drive transactions.
📷 Cryptocurrency MLM software development company
What Are the Advantages of Smart Contracts?
These contracts already possess multiple advantages over traditional arrangements. This number is likely to increase in the future as the technology improves.
For now, here are ten benefits to using them.
  1. Accuracy
One of the primary requirements of a smart contract is to record all terms and conditions in explicit detail.
This is a requirement because an omission could result in transaction errors. As a result, automated contracts avoid the pitfalls of manually filling out heaps of forms.
  1. Transparency
The terms and conditions of these contracts are fully visible and accessible to all relevant parties. There is no way to dispute them once the contract is established.
This facilitates total transparency of the transaction to all concerned parties.
  1. Clear Communication
The need for accuracy in detailing the contract results in everything being explicit. There can be no room for miscommunication or misinterpretation.
Thus, smart contracts can drastically cut down on efficiency lost to gaps in communication.
  1. Speed
These contracts run on software code and live on the internet. As a result, they can execute transactions very quickly. This speed can shave hours off many traditional business processes.
There is no need to process documents manually.
  1. Security
Automated contracts use the highest level of data encryption currently available, which is the same standard that modern crypto-currencies use. This level of protection makes them amongst the most secure items on the world wide web.
  1. Efficiency
A natural byproduct of the speed and accuracy of these contracts is the efficiency with which they operate.
Higher efficiencies result in more value-generating transactions processed per unit of time.
  1. Paper Free
Businesses across the globe are becoming increasingly conscious about their impact on the environment. Smart contracts enable the “go-green” movement because they live and breathe in the virtual world.
This removes the need for vast reams of paper.
  1. Storage & Backup
These contracts record essential details in each transaction. Therefore, anytime your details are used in a contract, they are permanently stored for future records.
In the event of data loss, these attributes are easily retrievable.
  1. Savings
Perhaps one of the most significant advantages of automated contracts is that they eliminate the need for a vast chain of middlemen.
There’s no need for lawyers, witnesses, banks and other intermediaries.
  1. Trust
Smart contracts generate absolute confidence in their execution. The transparent, autonomous, and secure nature of the agreement removes any possibility of manipulation, bias, or error.
Once solemnized, the contract is executed automatically by the network.
  1. Guaranteed Outcomes (Bonus)
Another attractive feature of these contracts may be the potential to reduce significantly or even eliminate the need for litigation and courts.
By using a self-executing contract, parties commit themselves to bind by the rules and determinations of the underlying code.
TAGS : Smart Contract MLM, MLM with Dapp, MLM with smart contract, Bitcoin MLM Software, MLM software development, MLM Software, Crypto MLM Software, Smart Contract based MLM
Website : www.ogsoftwaresolutions.com.my
submitted by ogsoftwaremalaysiakl to u/ogsoftwaremalaysiakl [link] [comments]

The Future of MLM is Smart contract Contracts by MLM Software Malaysia Team

The Future of MLM is Smart contract Contracts by MLM Software Malaysia Team
A powerful new technology has emerged in recent years, and it is disrupting the traditional ways of managing contracts. Enter, the blockchain platform and the world of smart contracts.
At it’s most basic form, a blockchain is a massive digital ledger of economic transactions. This ledger can be used to record anything of value and importance.
📷
MLM Business with Ethereum Dapp and Smart Contract
📷 Typical use cases include birth and death certificates, deeds of ownership, financial accounts, medical procedures, claims, and anything else that can be recorded in computer code.
MLM Software with Smart contract
mlmsoftwaremalaysia.com : When we integrate smart contracts solutions into the working of an MLM business structure, it simplifies the selling while making it integral to the perpetual growth of the enterprise. With a peer-to-peer architecture, it generates more assets for the company. When smart contracts are configured into the core of your enterprise, it provides multiple advantages. It eliminates the chances of fraud that most of the wholesalers and end-users are exposed to. The inclusion of smart contracts brings a high level of precision in operations while establishing a strong trusted network. The integration enables automated transactions with authorized techniques.
📷
MLM Business with Ethereum Dapp and Smart Contract
While it was created to support the Bitcoin cryptocurrency, developers quickly saw the potential for the blockchain platform to disrupt the entire system of traditional record-keeping.
Ethereum, another cryptocurrency with its proprietary blockchain platform, is widely considered to be the future technology for contracts.
What Are Smart Contracts?
Smart contracts are self-executing, self-enforcing contracts. They are governed by the explicit terms and conditions laid out within them. mlmsoftwaremalaysia.com providing best smart contracts for MLM Business.
MLM Software With Smart Contract
These virtual agreements can facilitate the exchange of money, content, shares, property, or anything of value.
The self-executing nature of these contracts provides a tremendous opportunity for use in any field that relies on data to drive transactions.
MLM software development company
What Are the Advantages of Smart Contracts?
These contracts already possess multiple advantages over traditional arrangements. This number is likely to increase in the future as the technology improves.
For now, here are ten benefits to using them.
  1. Accuracy
One of the primary requirements of a smart contract is to record all terms and conditions in explicit detail.
This is a requirement because an omission could result in transaction errors. As a result, automated contracts avoid the pitfalls of manually filling out heaps of forms.
  1. Transparency
The terms and conditions of these contracts are fully visible and accessible to all relevant parties. There is no way to dispute them once the contract is established.
This facilitates total transparency of the transaction to all concerned parties.
  1. Clear Communication
The need for accuracy in detailing the contract results in everything being explicit. There can be no room for miscommunication or misinterpretation.
Thus, smart contracts can drastically cut down on efficiency lost to gaps in communication.
  1. Speed
These contracts run on software code and live on the internet. As a result, they can execute transactions very quickly. This speed can shave hours off many traditional business processes.
There is no need to process documents manually.
  1. Security
Automated contracts use the highest level of data encryption currently available, which is the same standard that modern crypto-currencies use. This level of protection makes them amongst the most secure items on the world wide web.
  1. Efficiency
A natural byproduct of the speed and accuracy of these contracts is the efficiency with which they operate.
Higher efficiencies result in more value-generating transactions processed per unit of time.
  1. Paper Free
Businesses across the globe are becoming increasingly conscious about their impact on the environment. Smart contracts enable the “go-green” movement because they live and breathe in the virtual world.
This removes the need for vast reams of paper.
  1. Storage & Backup
These contracts record essential details in each transaction. Therefore, anytime your details are used in a contract, they are permanently stored for future records.
In the event of data loss, these attributes are easily retrievable.
  1. Savings
Perhaps one of the most significant advantages of automated contracts is that they eliminate the need for a vast chain of middlemen.
There’s no need for lawyers, witnesses, banks and other intermediaries.
  1. Trust
Smart contracts generate absolute confidence in their execution. The transparent, autonomous, and secure nature of the agreement removes any possibility of manipulation, bias, or error.
Once solemnized, the contract is executed automatically by the network.
  1. Guaranteed Outcomes (Bonus)
Another attractive feature of these contracts may be the potential to reduce significantly or even eliminate the need for litigation and courts.
By using a self-executing contract, parties commit themselves to bind by the rules and determinations of the underlying code.
TAGS : Smart Contract MLM, MLM with Dapp, MLM with smart contract, Bitcoin MLM Software, MLM software development, MLM Software, Crypto MLM Software, Smart Contract based MLM
Website : www.mlmsoftwaremalaysia.com
submitted by Mlmsoftwaremy to u/Mlmsoftwaremy [link] [comments]

MLM Business with Ethereum Dapp and Smart Contract

The Future of MLM is Smart contract Contracts by MLM Software Malaysia Team
A powerful new technology has emerged in recent years, and it is disrupting the traditional ways of managing contracts. Enter, the blockchain platform and the world of smart contracts.
At it’s most basic form, a blockchain is a massive digital ledger of economic transactions. This ledger can be used to record anything of value and importance.
📷
MLM Business with Ethereum Dapp and Smart Contract
📷 Typical use cases include birth and death certificates, deeds of ownership, financial accounts, medical procedures, claims, and anything else that can be recorded in computer code.
MLM Software with Smart contract
mlmsoftwaremalaysia.com : When we integrate smart contracts solutions into the working of an MLM business structure, it simplifies the selling while making it integral to the perpetual growth of the enterprise. With a peer-to-peer architecture, it generates more assets for the company. When smart contracts are configured into the core of your enterprise, it provides multiple advantages. It eliminates the chances of fraud that most of the wholesalers and end-users are exposed to. The inclusion of smart contracts brings a high level of precision in operations while establishing a strong trusted network. The integration enables automated transactions with authorized techniques.
📷
MLM Business with Ethereum Dapp and Smart Contract
While it was created to support the Bitcoin cryptocurrency, developers quickly saw the potential for the blockchain platform to disrupt the entire system of traditional record-keeping.
Ethereum, another cryptocurrency with its proprietary blockchain platform, is widely considered to be the future technology for contracts.
What Are Smart Contracts?
Smart contracts are self-executing, self-enforcing contracts. They are governed by the explicit terms and conditions laid out within them. mlmsoftwaremalaysia.com providing best smart contracts for MLM Business.
MLM Software With Smart Contract
These virtual agreements can facilitate the exchange of money, content, shares, property, or anything of value.
The self-executing nature of these contracts provides a tremendous opportunity for use in any field that relies on data to drive transactions.
MLM software development company
What Are the Advantages of Smart Contracts?
These contracts already possess multiple advantages over traditional arrangements. This number is likely to increase in the future as the technology improves.
For now, here are ten benefits to using them.
  1. Accuracy
One of the primary requirements of a smart contract is to record all terms and conditions in explicit detail.
This is a requirement because an omission could result in transaction errors. As a result, automated contracts avoid the pitfalls of manually filling out heaps of forms.
  1. Transparency
The terms and conditions of these contracts are fully visible and accessible to all relevant parties. There is no way to dispute them once the contract is established.
This facilitates total transparency of the transaction to all concerned parties.
  1. Clear Communication
The need for accuracy in detailing the contract results in everything being explicit. There can be no room for miscommunication or misinterpretation.
Thus, smart contracts can drastically cut down on efficiency lost to gaps in communication.
  1. Speed
These contracts run on software code and live on the internet. As a result, they can execute transactions very quickly. This speed can shave hours off many traditional business processes.
There is no need to process documents manually.
  1. Security
Automated contracts use the highest level of data encryption currently available, which is the same standard that modern crypto-currencies use. This level of protection makes them amongst the most secure items on the world wide web.
  1. Efficiency
A natural byproduct of the speed and accuracy of these contracts is the efficiency with which they operate.
Higher efficiencies result in more value-generating transactions processed per unit of time.
  1. Paper Free
Businesses across the globe are becoming increasingly conscious about their impact on the environment. Smart contracts enable the “go-green” movement because they live and breathe in the virtual world.
This removes the need for vast reams of paper.
  1. Storage & Backup
These contracts record essential details in each transaction. Therefore, anytime your details are used in a contract, they are permanently stored for future records.
In the event of data loss, these attributes are easily retrievable.
  1. Savings
Perhaps one of the most significant advantages of automated contracts is that they eliminate the need for a vast chain of middlemen.
There’s no need for lawyers, witnesses, banks and other intermediaries.
  1. Trust
Smart contracts generate absolute confidence in their execution. The transparent, autonomous, and secure nature of the agreement removes any possibility of manipulation, bias, or error.
Once solemnized, the contract is executed automatically by the network.
  1. Guaranteed Outcomes (Bonus)
Another attractive feature of these contracts may be the potential to reduce significantly or even eliminate the need for litigation and courts.
By using a self-executing contract, parties commit themselves to bind by the rules and determinations of the underlying code.
TAGS : Smart Contract MLM, MLM with Dapp, MLM with smart contract, Bitcoin MLM Software, MLM software development, MLM Software, Crypto MLM Software, Smart Contract based MLM
Website : www.mlmsoftwaremalaysia.com
submitted by Mlmsoftwaremy to u/Mlmsoftwaremy [link] [comments]

A guide to Smart Contracts

A guide to Smart Contracts

https://preview.redd.it/ysi74g2vn3251.png?width=1920&format=png&auto=webp&s=63875e316556c41144ad81cf061caf5bb3f4680d
We all have heard the term Smart Contract. When Satoshi invented Blockchain, it was meant to perform transactions only. Ethereum smart contracts made it the prime choice to build Dapps over it. Smart contract enhanced Ethereum’s functionality and makes it different from the traditional blockchain (Bitcoin). This functionality was replicated by other newer Blockchains.
What are Smart Contracts?
Smart contracts can be defined as self-executing applications that run on a blockchain. It is an agreement between two or more parties in the form of a computer code that runs on a decentralized network in a blockchain. It consists of a set of defined rules which are agreed upon by the involved parties. The contract automatically gets activated whenever certain conditions are met.
This idea will remove the involvement of any trusted third-party companies (such as banks) and will be controlled by computers on a trusted network.
Ethereum is one of the most popular blockchain platforms for creating smart contracts. It supports a feature called Turing-completeness that enables the developers to build customized smart contracts. Solidity, Ethereum’s original coding language is used to develop smart contracts. Ethereum blockchain's ERC-20 and ERC-721 tokens are smart contract standards.
Who created it?
Nick Szabo, a computer scientist, and cryptographer, first described the idea of Smart contracts in the ‘90s. He worked on the concept of defining contract laws in businesses between parties by maintaining an electronic commerce protocol on the Internet.
He further designed Bit Gold, a mechanism for a decentralized digital currency in 1998. Though the idea was never implemented it created a base that led to the popularity of Bitcoin after 10 years.
Properties:
· Self-verifiable
· Self-executable
· Tamper Proof
Benefits of using Smart Contract
· The removal of third-party or middleman leads to direct and transparent communication between involving parties
· Helps in maintaining trust as the agreement rules were predefined and agreed by the parties involved
· Helps in reducing error and frauds
· Time and cost-efficient
· No single point of failure or data loss as data is distributed across the network

https://preview.redd.it/1e5ahcqxn3251.png?width=1024&format=png&auto=webp&s=f8a1ebb9b3a84dd721fb32f96fc1950899bc3015
Different objects of Smart contracts
There are three essential and main objects of Smart Contracts
· Signatories- The parties who use the smart contract.
· Agreement subject
· Terms and Condition-. Details like rules, obligations, and associated punishments, etc are mentioned as terms and conditions as appropriate.
How Smart Contract works
Ethereum has 2 types of accounts
· External accounts (user account) - Controlled by public-private key pairs
· Contract accounts - Controlled by the code stored together with the account
These accounts contain four fields:
· The nonce, which ensures that each transaction can only be processed once
· The current ether balance of the account
· The contract code of the account
· The storage of the account
Model steps
  1. External account executes a function:
a. The user initiates the process by signing the transaction using his private key corresponding to the account.
b. Local validation of the transaction happens. It is broadcasted to the network.
c. The transaction is added to the transaction pool. The mines maintains such pools.
  1. Generate EVM bytecode through compiling
  2. EVM
a. EVM is a powerful, virtual sandbox embedded within each full Ethereum node
b. The job of the EVM is to update the Ethereum state by computing valid state transitions as a result of smart contact code execution
c. The EVM should not run into any exceptions during the execution
  1. Get contract address from that transaction's receipt
  2. Trigger contract address to invoke methods of that deployed smart contract
  3. Upon receiving a newly created block, the local node executes all the transactions in the block.
The accuracy and quality of a smart contract depends on the following things
· Open and decentralized database
· The environment needs to support the use of public-key cryptography
· Quality programming is crucial.
· Data should be reliable.
· Robust rules should be used while automating the process.
Features
Smart contracts automatically support the features of underlying blockchain technology.
· Autonomy – Complete control of the involving parties. No need of middleman as in the case of traditional contractual system
· Speed – Automated computer code runs as soon as the input criteria fulfill, thereby eliminating the delays caused by manual paperwork activity
· Safety – Network encryption guarantees safety against data theft or hacking
· Savings – No doubt that the removal of middleman saves a lot of overall cost and time
· Accuracy – Since these smart contracts are automated software codes so they ensure accurate output as long as the data fed into the system as input is accurate
· Trust – Helps in building trust as the documents are encrypted in a shared ledger
· Backup – Since in Blockchain network, each node has a complete backup of data which ensures protection over data loss
Potential Use cases
Smart contracts can be used to exchange money, property, shares, or anything without any intervention of middleman. They are now gaining popularity and adaption in various sectors. Some of the main sectors are as follows:-
· Insurance Companies
· Health Systems
· Government’s administrative work.
· Business Management
I will cover each of the potential use cases in detail in my future articles separately.
Conclusion
Smart Contract is the greatest innovation built on Blockchain technology. We can say it as a cherry over the pie. It has given a new dimension to technology and is one of the biggest reasons behind the popularity of Ethereum.
We can say without any second thought that very soon we will be entering into the era where there will be no intervention of any third party. In this way, it can help us in saving a lot of money, time, and effort. Also, we don’t need to be dependent or trust anyone while taking any crucial transactions. This will surely help in reducing fraud, unnecessary delays, and the overall cost of transactions. Smart Contracts will make many transactional jobs redundant. We can be hopeful that further development in technology will open sources for many other new jobs.
Read More: Understanding Hard Fork
Register in Crypto.com and get $ 50. Link here.
Create a Binance account using my referral link.
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Universal Oikos

I admit this reads a bit as a fiction but the ideas I am sketching below seem so clear to me that as I work out the intricate warps and woofs I quickly cobbled together, I don’t expect the basic conclusion to be shown erroneous. So read it at your own risk. The rewards however as the words reveal are already (t)here. Perhaps I am bat shit crazy but I just don’t think so. The advances that blockchains avalanche have already started to flake off. Others just play tether ball around the tree that might snow the next 100 years of evolutionary theory.
Joan Roughgarden has propounded an evolutionary theory of social selection to replace sexual selection and has advocated, advised, and added instances of her bottom up modeling procedure. This development in evolution studies, realizes objectively equal gender classifications formerly relegated and reduced to incidentally derived dimorphic status, latterly founding reproductions of natural selection through underdeterminations of offspring first rather than overdeterminations of parental investments and divestments. Her proposal met with profound disdain and dejection from those supposedly in the know. Blockchain technology appears to be evolving along the lines of a new algorithmically instantiated platform by AVALabs from increasingly familiar consensus protocols first sketched in 2018 by an invisible crew named Team Rocket. Roughgarden’s social selection as recognized and applied largely moved from and through animal species even-the-while plants remained in it’s rear view purview. A physical property that sports the model appears to be definitively recoverable from nature in the presumption of a potentially mutual cross gender pleasure via an unknown chemical mediator. Joan has suggested one such discoverable option but it turns out supplementally that by applying a version of the avalanche protocol towards achieving consensus within plant ecologies under social selection in analogy with human economies of blockchain at scale, new insights into empirically testable scenarios for evolutionary theory can be designed which obviates the need for a specific chemical in the sustainment of theoretical trajectories the model supports. There is a sustainable cross over through Nash’s idea of parallel machine control, his notion of a bargaining equilibrium, Roughgardian social selection, and programmatic avalanche metastability. I am only going to sketch — here and now — the communicabilities within.
Suzanne Simard tested and proved that plants can send carbon through their roots to other trees. The relation of plants ( and animals) in this network of relations provided by communication of chemicals through the mycelium has been called perhaps flippantly and humoursly the Wood Wide Web but as I shall show below the manifestable narrow waist of the metabstability as designed by AVA Labs in its production engine provides an architecture which when applied to Rougarden’s use of game theory can oscillate theoretical plant sexuality ( big vs small gamete) within and between plants in such way that implies that plants have genders, a prediction that can be empirically confirmed. There is more to blockchain evolution than meets the atomic-swapping eye. I suspect that there will be more and more applications of the snow family of protocols to science just as there are increasing instantiations in the blockchain (AVAlabs, BCH, Perlin) space.
The basic idea underlying social selection is that reproduction is not about the mating process temporally per say but rather is about cooperating to raise the most number of offspring. This cooperation may occur between parents without respect to sex but interestingly may also occur between species and subspecies. That is the contribution that blockchain technology provides to evolutionary theory. It is quite remarkable. Hermaphroditic trees may court each other by choosing not to revert to global competitive Nash selfish threat points but instead ‘opt-in’ to continue to choose cooperative joint bargaining and side payments strategically when a plant team fitness function is constructed by chemically agnostic (concentration gradient driven) transmission through a stable main mycelial network. Simard has shown that “mother trees” can direct carbon deferentially to their own offspring and thus as these parent individuals in some families may be either male or female both within and between the organisms themselves (multiple genders) it is possible for team work to arise ecologically ( in the space the distribution of trees on the ground landscapes) such that other species mother and father trees receive chemicals including carbon by differential inbreeding that draws other subspecific variants within the network being provisioned underground to their offspring by excluding non-familial relatives that have opted out of helping to raise offspring and decided to compete rather than cooperate and thus bifurcate in evolutionary time the genes fungi select when evolving the proximately extant networkable connections. If the parents use an avalanche like metastability format to distribute carbon through such a growing network ( sampling courted partners both within themselves and between individuals and adopting their carbon release kinematic) and the offspring have traits passed down by grown ancestors similar to begging in baby birds utilizing such, then trees using self-DNA ‘to pay’ (from the pay-off matrix operation in game theory ) ( which inhibits self growth and thus expands the places on the ground available for growth and reproduction) during the transmission, those so strategically cooperating can move up trophic levels the network builds out purely geographically. There is no group pleasure chemical involved in this model, instead only each individual’s DNA is incorporated which can be as narrow a margin as the heritable interpretation of that supramolecular chemical tolerates as a template biophysically. This will be explained in the sequel. That is the basic idea and thus while it make take some years before this idea is networked out, the basic idea is available for those who look beyond the negatively competitive aspects of oikos information and towards the cooperation we all need both as a species and as a humanity with others.
Unfortunately for our better-selves, there has been a value judgement marshaled against at least some of those sold on bitcoin among us. Commentators have challenged up-coming POS governed blockchains as being too complex and that when making a guess at where to place one’s $R&D, the promoted projection has been into POW tech not because it might be inherently a better platform to launch a distributed ledger in, but because the threshold to user adoption appears to them as literally a no-brainer. Some have made the bet that it is easier to develop POW functions etc. than POS ones, since one does not have to assume any cognitive interest in the user- validator beyond the required instructions ( 1 — plug in computer, 2 — go hash). While Kevin Sekniqi of AVALabs has said he has no universal composable theorem/argument of POS and POW, he has made the point on multiple times that POW networks can be embedded into POS systems. This means to me that any value judgement being applied against POS support equally applies to POW manifestations (when the entire universe of future design possibilities is included in reflection on those interests that regulate the decision of how to constitute the afforded applications). Now Microsoft has recently published a patent to use body activity as proof-of-work, saying that this will help reduce energy expenditures. Microsoft is trying to patent in on the decision bitcoiners made, that it has value— that they have been convinced of the bitcoin narrative and gone the last mile to adopt it as something they choose to do and be a part of. The POW operation proposed in the Microsoft patent potentially includes “ a brain wave or body heat emitted from the user when the user performs the task provided by an information or service provider, such as viewing advertisement or using certain internet services, can be used in the mining process.” while it is determining if work was done. We do not need these companies using our interest and decisions in agreeing to a narrative of what money, whether ideal or not is, to force and coerce our behavior based on a prior knowledge about our ideas, decisions and preferences we may have expanded on socially and communicated with others publicly. Microsoft may think this is not what they are doing but the application is clear in the example of the musicians who have already had their brain waves used to select notes. It is the artist when thinking of the note to be needed creatively that produces the wave the machine records, it is not the machine that creates the image the the user’s brain produces a wave thereof. We do not need new tech companies or new tech products deciding how we use and view social media, we need them to build tech that reflects how we like to use it, how we are pleased to use it independently of how some sovereign wishes it to be regardless of how free, how much money they have or are. If they had such a device then it seems that sooner than later some will start to create advertisements that manipulate not only our pleasures and pains but also our understandings. This would be much worse than bad. It is something I would resist. Humanity made clear the distinction between the physical actions of organic bodies and bodies made of physically active materials a few hundred years ago and yet the Microsoft patent in the name of creating something new slashes and hashes right through this distinction as if it was nothing but a virtual simulation of the large scale data synthesized from a prior analysis. Seems to me that this kind of POW centric thinking and planning on control over our user interaction with machines is just not the way to go into Web3.0. With Web 3 we will, among many other things accumulate smart assets and we will need a way to sort and use our own personal portfolio of them especially if one obtains them through non-fungible tokens.
The production, wilding, collection, and reuse of these valuable digitizations is going to be a increasingly demanded functionality on Web 3. With AVA these powerful processes individuated by different businesses will thus have a programmed utility under an action — reaction horizon of superfluid network changeabilities previously invisible to intelligent creators but ones we can understand. The details of such a lightweight scalable tech remains for me to provide to you but it is clear the motivation behind the Microsoft patent is not sound. I hope to show that one on the AVA network is. Here is quick guide to my idea: It is possible to produce a body activity proof-of-work such that there is absolutely no forced cognitive decision making that is required of the user. One does not have to force/coerce the user into making new and additional cognition than those already being done.
Sounds like I am saying you can eat your cake having haved it too. But in fact the example I am suggesting is one in which the user simply adapts to technology rather than adopts it and this can be done with a body activity POW aspect within and POS horizon.
In the case of using a hand gyro for digital asset search and retrieval ( it rotates in two independent degrees of freedom that provide manual overrides) the user simply is doing something that is independent of the hashing. Electricity is generating as a side effect of the searching activity. Muscle energy rather than visual/brain energy powers the device but by being on the periphery of the nervous system provides minimal interference with physiological function. From John Nash’s perspective of the worth of a machine, it makes no sense to build one that takes more time unless there is a need to multiply the kinds of tasks we want to compute and use the computer thus for. We do not need to a make a technology that forces one to compute and do tasks just because this is easier for the computer to instruct us to do — rather we should, I feel, build a machine that does the computations that we ‘ask’ it to do. That’s my ask for digital asset creation devices. We need devices that interact with us from the outside-in not the inside-out. The hand gryo when parallelizing the inputs and scaling to many users may be designed to speed up the rate at which machines take instructions. It looks at least initially to be able to make division as a decision requiring process since it can exist at the extremity of both locomotion and computation. This device is not a world computer — it will not compute anything but it might be made to sort digital assets. This is not something that Nash considered. New decentralized blockchain tech requires new ways to parallelize digital logic for it to correspond with our social and economic activities all the while attending to our personal actions similarly. Further it is helpful when evaluating what Nash said about bitcoin to understand how he thought about computers and mentality. He wrote a paper in 1954 called “Parallell Control” and he expressed the hope that computer part separations would result in self-programmable machines. While we are now able somewhat to create programs that program themselves there is no such thing as Von Neumann’s idea of computers making themselves that is in homology with biological evolution — there are no workable disciplines of applied metabiology here. There does appear to be such a thing as the evolution of social selection by avalanche protocol applications however. The idea of dividing currency into two coins that are bound dynamically to each other and separate formerly united capital in the system, as in POS, comes out of this general idea of Nash, however it does not lead to the extreme form that he had considered where he took the analogy quite literally and thought that the communication system of the computer and the mind’s parallels were organonically ( a term from the history of logic) and materially one and the same. This may have led to some of the symptoms he claims to have apperceived but it also gave him insight into the ideas of money before others followed on. Again, POW proponents may think that this is all just too complicated and that the gains are not worth the effort and that it is better and easier to demean past decisions but the point is that POW in POS makes Nash’ s ideal not into something directly tied to the entire global financial system nor into what Bitcoin is trying to do but rather into something that does all of that in a much more restricted way. We can directly map our human economics to animal and plant eco-evolutions and we can have a new future that is positive both for us and our interests as well as with those possessed by different species if we learn how to apply evolution rather than just discuss if it exists or not.
The POW proposal of Microsoft has an analogy in the social selection of the wood wide web that further draws out the intricacy we are entering in on as a society of the 21 century — in explaining how rusts — which are fungal parasites of trees genotypically evolved into their strange and weirdly acting genetic cell types. These parasites may have taken advantage of the behavior of the mycelial network to game the social selection system of already cooperating individuals and produce throughout its geographic spread, a new kind of production of chemically fit individuals, from the outside — as sovereigns — by attaching themselves to multiple species evo-ecologically. Thus while it is possible that the Microsoft proposal can be built, it will add the kind of complication that might be suggested rusts have already inserted into the ecosystem of life itself already here on earth. The value of new blockchain techs will not only come from those who have adopted it but from those who adapt DAGs( directed acyclic graphs) to many different activities that might be homologized in tree-wise topologies of time in space — otherwise known as phylogenies. So while this still reads as a fiction and I jumped to the end before I really began — I suggest you try it again, and again…while you gain away the pain the cooperation will appear — it is a joy to realize that the past is is just that — past. Or just ask me a question directly.
submitted by Brad_McFall to u/Brad_McFall [link] [comments]

Using /r/Coins4Sale: A Brief How-To

Hello numismatists, both new and old! This sub is for buying, selling and trading your coins, bills, and numisma-related items, graded and ungraded.
If you are new here, please familiarize yourself with the information below before posting.
GENERAL RULES:
  1. CAVEAT EMPTOR! CAVEAT VENDITOR! – We are a community based on usernames and not much else. The mods offer no protection against fraud or ineptitude so please do your own due diligence before buying or selling.
  2. This sub is intended for private individuals selling directly to other private individuals.
  3. Title all posts with the following tags: [WTS] = Want to Sell; [WTT] = Want to Trade; [WTB] = Want to Buy
  4. After you create a post, you must wait 48 hours before posting another post of the same type. You may have a WTB and a WTS up at the same time, provided you are following the 48-hour rule for posting. Like posts made within the 48 hours will likely be removed.
  5. Feedback for transactions on /coins4sale are directed to /pmsfeedback. Users are responsible for researching any and all feedback on /pmsfeedback prior to determining how to proceed with a transaction. Please note that /pmsfeedback is run by a separate mod team and the /coins4sale mod team has no control over what is on /pmsfeedback.
  6. Complaints about someone’s items, prices, or offers will not be tolerated and will be removed.
  7. The number to the right of the username is the number of transactions that have been completed and verified by the seller here. It is a gauge only and no guarantee is implied by that number. Any attempts to abuse the user flair system will result in an immediate ban. Please see below for more information on the user flair system.
WTS/WTT RULES:
  1. Every WTS or WTT listing must include at least one photo showing all the actual items being offered for sale or trade AND a handwritten note displaying your user name and today’s date. You can include more than one verification photo if you are offering many different items. (Update 1/11/2020: For an example of how a verification photo might look, please see my stickied comment below.)
  2. Every item or group of items must have an individually listed asking price. “Make an offer,” “negotiable,” or “I’ll quote you a price” are against longstanding policy here and are not allowed.
  3. DO NOT publicize your items that are being offered on a personal dealer website, eBay, etc. You may publicize these items on /coinbay. If your post contains a link to a site besides an image hosting site (imgur preferred), it will likely get removed.
  4. Please note that while you may accept cryptocurrencies like Bitcoin for payment, this is NOT a place to buy, sell, or trade virtual or in-game currencies. This sub is for physical coins, bills and the like.
FRIENDLY GUIDELINES FOR WTBs:
There are no rules for WTB listings per se, but oftentimes, sellers may be pulling items out that they weren’t planning on selling right away and are doing extra work for your WTB ad only, so please be courteous to them by giving them a clear idea of what you want. The more information you can provide, the better.
Some things you may want to add to a WTB:
  1. What you want to buy (e.g. "1932 Washington Quarter")
  2. Any information about the condition you are looking for (e.g. "PCGS MS-64 or better")
  3. Your budget (e.g. "Looking to spend up to $200")
  4. How you intend to pay (e.g. "Can pay PPFF or money order")
Please do not use WTBs as a “price check” or to gauge what’s available. Sellers assume when you post a WTB that you are serious about actually buying the items.
WHY DID MY POST GET REMOVED?
95% of removed posts are removed for one of the following reasons:
  1. Your items are not properly verified. This is the most common removal reason. Make sure all items are shown, the date is correct, etc. A good verification photo looks something like this.
  2. You didn't wait 48 hours between posts of a similar type. 2 days ≠ 48 hours necessarily. You can theoretically post on a Sunday and the subsequent Tuesday with the posts only 26 hours apart.
  3. You have a new account and posts from new accounts sometimes need to be approved manually. Your patience is appreciated.
USER FLAIR SYSTEM:
User flair is based on a point system issued by a bot. Only the author of the listing in which the transaction is made is allowed to trigger the bot.
The trigger phrase for the bot is:
Trade verified!
Should the bot not get triggered within 24 hours of your “Trade verified!” comment, please follow these steps:
  1. Delete the “Trade verified!” comment.
  2. Refresh the page, or reopen the post page (by clicking elsewhere and coming back to your post).
  3. Re-enter the “Trade verified!” comment.
  4. If the bot still does not update flair within 24 hours, please message the mods or notify bazzytangokoko directly, and provide the link of the transaction/post in question.
ABBREVIATIONS YOU MAY SEE HERE:
PP – PayPal
PPFF – PayPal Friends & Family
PPGS – PayPal Goods & Services
GW/GP – Google Wallet/Google Pay
BTC - Bitcoin
USPS – United States Postal Service
SFRB – Small Flat Rate Box (Priority Mail)
ASW/AGW – Actual Silver Weight/Actual Gold Weight
TPG – Third Party Grading (PCGS, NGC, ANACS, etc.)
OTHER ITEMS TO NOTE:
  1. If you have any questions, please feel free to contact the mod team at any time.
  2. If you’d like to find interesting and potentially valuable coins for face value, please consider visiting our friends in /CRH, the coin roll hunting sub.
  3. If you’re interested in trading precious metals in coin form as well as other forms besides coins, try /pmsforsale.
  4. While you are welcome to post paper money and related items for sale here, you can also list them at /Notes4Sale.
  5. If you are interested in philately (stamp collecting), one of our moderators also runs /Stamps4Sale, and we invite you to go take a look and participate there too.
submitted by HarlanGrandison to Coins4Sale [link] [comments]

Bitcoin Cryptotrading Basis Guide Book by Reslav

Bitcoin Cryptotrading Basis Guide Book by Reslav
https://preview.redd.it/6in97egosnx31.png?width=800&format=png&auto=webp&s=d2e4d1b052b295cb3da49f604fab7a6113321210
I wrote this lecture on the methodology of successful trading, and more specifically on tactics, strategies, subtleties and recommendations, based on 2 years of work on Bitmex, Binance, Gate, Okex bitcoin cryptocurrency exchanges in real combat conditions. Guided by this technique, I managed to earn 500% in excess of the deposit for 7 days of trading (i.e. I increased the deposit amount by 5 times!). These are not fairy tales, but reality, that is, confirming statistics of exchange transactions on the account of the crypto-exchange.
I believe that the knowledge provided in this course will help a beginner to master successful trading only if the course is not only read, but also outlined. It will be important to follow punctually, commenting on your actions in your notes.
In separate consultations, I could give personal instructions on the nuances of technical analysis on various timeframes, signals on entry points, information on trade automation software (algorithmic trading robots), and other tools useful in the work of a trader. But, despite a lot of additional software, my experience has shown that the most effective speculation model on the cryptocurrency and stock exchange, which everyone chooses for themselves based on practical experience, is directly in the online trading mode on exchange terminals. Each exchange is good in its own way, but also has its drawbacks. I chose the best solution for myself and am sure that this is temporary. Perhaps in the future there will be more progressive decentralized exchanges with good liquidity and they will replace the existing platforms managed by market leaders.
Various digital designations, such as: — in what percentage of the deposit do you enter into a particular transaction; — where to put stop limit or market (Market) (market) orders (and whether to place them at all), where to exit the transaction and how. Again, I note that all the selected values ​​are usually individual and depend both on the time trading intervals (TimeFrame) (1m 3m 15m 1h 3h 4h 6h 1 d 1w 1m) and on the deductible amount of the bet in % percentage of the amount of your deposit.
It is important to remember that trading in the cryptocurrency market is a high-risk investment activity that everyone chooses and carries out at their own risk. Remember that with a big bet on the whole, as they say, a patty, and even with 100x-500x leverage, you risk losing your entire deposit right away. An exchange machine or a well-tuned and trained professional broker robot does not cost anything to go against the trend with a tidbit — easy prey. Do not be hamsters i.e. naive simpletons — do not merge the deposit into zero due to elementary greed, incontinence, ardor and other factors that contradict the qualities that a professional trader needs to succeed in trading, namely: cold-bloodedness, endurance, accuracy, punctuality, tact, quick reaction , the ability to quickly enter numbers and timely press the desired buttons.
You ask me: “Hey … guy, you are so smart … I wonder how much you earned from trading or how much you earn or why you don’t do it yourself … why do you need competitors?” — I will answer you: it is no secret that AI (artificial intelligence) has been working on the exchange for a long time and it is constantly improving, but this still does not prevent a person from continuing to beat him. I hope that in the future this trend will not stop otherwise — we have disappeared. And as regards competition — do not worry so much for me, because there is still a trading idea, program or terminal that I have not yet implemented and not reported in this guide after its publication and, perhaps, it will not deprive me of future trading opportunities.
So, the instructions that I follow in the process of trading cryptocurrencies on the exchange terminal in online mode.
  1. It is necessary to wait for the moment of the entry point. You need to enter the deal only then, you feel it and foreseen it in advance according to the levels of the daily period.
  2. It is necessary to carefully weigh their capabilities, ie to consider funds, understanding that futures trading (with leverage) leads to greater risks of liquidation / margin call (MarginCall).
  3. During growth, you need to fix profit and try to sell at a pullback. It is always possible to re-enter a deal, but it is unlikely to return lost profits, instead, you can get several hours of dead weight in the price movement opposite from the planned direction.
  4. It is very important to have cost control, namely, the timely Stop Limit (stop trade order) + sliding Stop Loss (the same thing, only with insurance against a sharp price movement).
  5. It is easy to understand the wave component and accept the movement by levels — press exit buttons in time at 2% and + 10% according to the 1 to 5 principle (we risk one part of the deposit against 5). The Pareto effect has not been canceled: 20% activity, gives 80% effectiveness.
  6. To work with Japanese candles, the ability to draw support levels and resistance lines is enough, but this is not enough for a professional, because the presence of modern advanced indicators, such as MACD, SRSI, Ichimoku Cloud / Signal, horizontal and vertical volume indicator and so on, is very important. Everyone chooses for themselves the indicator that brings more profit to a certain trading range. But remember — the main criterion for success is an understanding of the laws of the market and trade by market. Perhaps this applies to the field of extrasensory perception, metaphysics, and other obscure and hard to prove phenomena and sciences, but one way or another — intuition is clear and has a place to be.
  7. In no case should you enter into short-term breakthrough deals on minute trading with market uncertainty. The situation where minute fluctuations may seem like reversal movements is often quite misleading. If you are in a pose (bull — for growth / long or bear — for fall / short) do not retreat and the market will not slow you to please you with profit. Often, a stock price feed / the same chart manipulates the minds of players, displaying false breakdowns and minute movements, on the basis of which you can not rely on a trend change (this lie is especially evident in minute time intervals / timeframes). In such cases, make decisions only at fundamental levels. On the hourly chart you will see a more truthful picture, because globally, on markets other than minute timeframes, the market is less susceptible to momentary manipulations. This knowledge will give you firmness in the intention and decision-making to remain in the chosen position and not to respond to minor market manipulations. During the day, you may repeatedly wish to unreasonably enter into such transactions, but remember that in this case you will be guaranteed to drain the deposit. Remember — the market from the middle of the trend will go up up or down and hit the stop limit order placed by you (if you play with a large leverage not for your money), after which it will go in the right direction you have chosen. Although in general the situation is banal — you are led by the nose like thousands as well as you. The only true method is to use common sense and avoid uncertainty when trying to enter a pose. A historical analysis of prices, the frequency of ranges (delta) of ups and downs, the degree of volatility and fundamental approaches — to help you. I also want to add that success is in your hands and it consists in the realization of the need not to merge a deposit under any circumstances.
  8. You cannot leave the market unattended, the alarm of the price change alarm is not in your favor or without a stop limit at a reliable exchange platform (broker).
  9. Once again I repeat, you must be prepared in advance for the fact that the market is deceiving and unexpected movements can often occur and your task is to secure your funds with a stop on the market or to fix profit by a floating stop or a fixed stop limit.
  10. Risk management — the basis of success in trading when trading with leverage (margin trading). It is usually recommended to go into a deal at 2% of the deposit with x leverage and stop from profit in the ratio of 1 to 5. What does this mean and why is this risk / profit sharing technique so important?It is necessary to clearly calculate probabilistic lumbago in order to avoid elimination. I recommend you not to rush into bets, but to take a sheet of paper and bargain virtually in order to understand whether your calculations were correct. A virtual game is worth nothing, but it will save you money and keep the deposit safe and sound.
  11. The wave theory assumes entry into the transaction after completion and a clear change in the previous trend based on signals and the news background, incl. experience of the current subject of trade — the operator pushing the buttons. For example, in the absence of price movement in the direction of the RSI indicator, analysis of all time frames with indicators, fibonacci levels, correction degree phase, time of day in time zones, stock and commodity market readings.
  12. It is important, before starting trading, test the presence of a manipulator on the market using the method of high rates. If you are looking for an entry into a major deal in a few weeks, keep in mind that a stop with a loss can be a significant amount in the money equivalent that you are ready to lose, and if the deal does not take place in your favor, you must set yourself up in advance for what it should be. Because a successful trader is not one who regularly guesses successful transactions, but one who successfully completes one out of five transactions according to risk management and the calculation of the leverage calculator in accordance with the chosen strategy.
  13. A lost position can be closed without waiting for the reverse restoration of the bidding process, thus manually participating in the balance adjustment or by setting a stop limit order in advance or after the bid in case of further decline or growth.
  14. There is an assumption that at the end of the working day, with a likely depreciation, traders convert stocks into fiat (money), which contributes to a depreciation, but this is not accurate)
  15. Incorrect entry into the transaction. How important is it to exit an unsuccessful transaction as early as possible or at the first rollback to change the direction of the trend or wait to determine a new entry point.
  16. The presence of two accounts on the exchange terminal is possibleand desirable in order to be able to remain in a winning position regardless of the success of the initially selected trading direction (a technique requiring careful verification by personal experience with a clear definition of the margin leverage and % of the entry into the transaction from the deposit balance to minimize the risk of loss).Successful trading does not consist in the ability to conclude as many successful trades as possible, but in minimizing losses.
  17. Technology is improving and strategies are changing. Before entering a transaction, it is necessary to carefully analyze the current market situation using a comparative analysis, studying the general news background (guided by the ***“buy for expectations — sell on the news”***postulate), detecting a flat (sideways), determining the level of instrument volatility (gold, oil, funds , bitcoins / cryptocurrencies — digital coins, etc.)
  18. Immediately put a stop — is a guarantee of success or a drain of the deposit? After all, how to cope with their own feelings and not get into anxiety about a successful or unsuccessful transaction? The gradual entry scheme works well.
  19. Coins. We look at the trading delta with the help of a robot scanner and make a decision based on all the above criteria in the course. It has been noticed that amateurs buy coins in the hope of growth. Remember, the market for altcoins is not growing now.
  20. A favorable time for earning is at the time of a flat, which usually occurs after the rising flag or the implementation of a bull pennant figure, etc. It will be more clear to observe the schedule in real mode and make the required notes in your own mind.
  21. On the cryptocurrency market, some laptop microprocessors are heated and the fan turns on at peak times. This indicates the beginning of a sharp movement and is a signal to enter the deal. Therefore, you can not only observe the behavior of the market, but now also listen (this is my personal note, it is unlikely that you will find such information somewhere else, as they say — an exclusive / VIP signal;)).
  22. You can still write a lot about time, how much can or should be spent on the monitor, on which timeframes to trade and which strategies to follow, but everyone should choose this independently and preferably, under the guidance of a specialist, because what is applicable to one is to the other — contraindicated.
In fact, any market situation should be beneficial for you due to successful risk management*!*For successful online trading, it is very important to use candlestick and technical analysis*, which help to more accurately determine the entry point to the transaction (purchase or sale).*You cannot act at random when the market is hard to predict and often ready to follow your footsteps.If you lose, then I do not recommend immediately going to recoup*, because trade should ultimately be break even. In ardor, you are likely to enter into an unsuccessful deal and lose even more than before. This situation will make you very sad, so do not make this mistake. She is famous.*Use a modern powerful laptop or desktop computer with a convenient side numeric keypad, a large screen and a convenient manipulator (mouse) so that when you press the buttons you have as little physical braking and stops as possible. Practice in advance to work in the browser on the exchange terminal without making a deposit on futures trading from the exchange wallet. This training practice will reduce your losses.
Hello from Ukraine, Kramatorsk city ( “War is peace / freedom is slavery [and] ignorance is strength.”)
Reslav Cryptotrader (if you need find me look around — me be i near ;).
To be continued…
http://twitter.com/reslav1
P.S.:
Nowadays, money strives to be counted more and more. Using the information technology of databases with indexes, it has become possible to automatically and instantly capture and display the information that was previously collected by entire departments of the state within a month and after manual entry was displayed on the screens of industrial monitors and public television. The era of the Internet has come, the time of the accessibility and decentralization of information.
Today we see stock chart quotes of stock prices of leading world companies online. Everyone has the opportunity to invest their money in these stocks and earn on the difference in exchange rates of their value. A speculative market was formed on this basis, where leaders appeared who were able to act most efficiently and, accordingly, earn money. Many specialists are studying the nature of success in speculative markets.
Many works on methods of achieving success in trading are morally obsolete due to the emergence of new technologies for calculating and controlling the money supply, for example, such as Bitcoin. After all, back in 2009 for 1309.03 BTC they gave 1 dollar. Today 1 BTC costs $ 9,000. This is due to the fact that since the appearance of bitcoin has never been hacked and the technology has shown its reliability and consistency, as a measure of the money invested in it. I will not go into the details and subtleties of Bitcoin technology, but I will note one thing — this is cryptographic software that was used in the banking sector as Swift payments, but transformed into a P2P peer-to-peer network of private computers, as a result, like Bittorent, it became public, hard controlled, commons. Bitcoin provides for a complexity bomb, which complicates each year, and therefore makes it more expensive, its limited production, and this is one of the main reasons for its rise in price. As well as the fact that Bitcoin is convenient for storing funds, as it is liquid and it can be easily sent without quantity restrictions and with high transaction (transfer) speed. All details about Bitcoin are available in open sources and you can find out everything about it on the Internet, as well as the alternative coin market (altcoins / coins), such as Ethereum, USDT (dollar tokens confirmed by a US company with real dollars in bank accounts) etc.
Around this market of bitcoin cryptocurrencies, the same speculative matrix (network / exchange) arose as around ordinary currencies and created such a strong competition for traditional assets that many governments adopted it and began to use and implement technologies that arose in their turn base. Cryptocurrencies or blockchain (cryptographic chain / blocks / chain) began to be introduced in public sectors of the economy for calculating and controlling public commons, such as electricity, land, etc.
Further, on the basis of this market, the need for regulation arose and the US authorities were very worried about the uncontrolled development of technology, on the basis of which a news background (negative or positive) arose, which powerfully affects cryptocurrency rates. In the era of information, this network began to act as a money pump, skillfully pumping money from the hands of inept speculators into the pockets of experienced traders.
As a result of reading a lot of books, watching various telecasts in the industry of bitcoin trading analytics, I came to the conclusion that successfully trading cryptocurrencies is akin to art and as statistics have shown, only 20% in 2–3 years are able to consistently earn money, and of which, in turn, only 2 -3% become billionaires.
I bring to your attention a technique by which you can enter the ranks of these 20% successful traders and possibly, jointly, open the door to those notorious 2–3% successful traders who are fortunate enough to touch the notorious golden fleece and discover the world of unlimited financial opportunities.
All knowledge is available in open sources and collected by me in the book “Basics of Bitcoin Trading from Reslav” (2019), most of them are available.
submitted by reslavr to u/reslavr [link] [comments]

SARB is regulating against crypto? Can someone clarify this for me?

Saw a post which is a screenshot apparently from Capitecs website that basically says that the reserve bank is saying you’re not allowed to buy cryptocurrency outside of South Africa.
What is important to note is that purchasing any type of cryptocurrency from a non-South African entity using a debit or credit card, directly or indirectly with your Global One or any other card by means of a virtual account, is not permitted as such transactions do not form part of the permitted transactions stipulate in the Currency and Exchange manual of the South African Reserve Bank (SARB). You should therefore refrain from doing these transactions with your Global One card.
I’m not clear on the legalese here so if anyone more familiar with this type of thing can provide some clarity I’d really appreciate it.
What does this mean in layman’s terms? I can’t buy crypto unless I’m buying from a company registered in SA? Is Luno? Or does this mean I’m simply not allowed to do so via Capitec?
Here's a link with the exact text I was reading this from (I got a photo of a screen on whatsapp)
submitted by psiodrake to southafrica [link] [comments]

Trezor Troubleshooting Guide

I've noticed some redundancy in some of the issues raised on this subreddit, thought I'd start a generic troubleshooting thread of what I've found useful. I'd appreciate any suggestions mods or other experts might have.

I - Prerequisite

  1. Read the FAQ
  2. Read the Users manual
  3. Read the Developers guide
  4. Search the Wiki
  5. Try the trezor Troubleshooter

II - Trezor connectivity / stuck spinning circle

  1. Try different cable / USB port / computer
  2. Try without crappy Antivirus software.
  3. Manually add the bootloader registry value just to be paranoid.
  4. Install WinUSB driver with Zadig.
  5. Try disabling browser extensions / ad-blockers.
  6. Try Chrome Guest Mode (easiest way to disable extensions)
  7. Try different browser (Chrome / Chromium / Firefox / Brave)
  8. Try WebUSB
  9. Try Android
  10. Try VirtualBox
  11. Try old-wallet.trezor.io
  12. Try beta-wallet.trezor.io
  13. Try beta-wallet.trezor.io/next

III - Updated FW, coins are gone

  1. Try Legacy Account section.
  2. Did you use the right seed?
  3. Did you use the right passphrase?
  4. Did you enter the recover seed words in the order the Trezor asked you to (hint: not first to last)?
  5. Did you verify that your recovery seed words are in the word list?
  6. Did you check all accounts (click add account) for transactions, or check all MEW ETH accounts (next page) as well?
  7. Did you check your transaction history (Legacy and Segwit) to see if anyone moved coins while you were dormant?
  8. Did you regularly do a dry-run recover to verify that you actually possess the recovery seed that the Trezor is operating with?
  9. Check to see if your brother-in-law found your seed and stole your coins.
  10. Check to see if the digital copy of your seed was hacked.

IV - Can't / Don't want to update FW.

  1. Try performing a dry-run to ensure you have the right seed.
  2. Say a prayer and hope you have the right passphrase.
  3. Use an old version of Electrum / MyCrypto / MEW to see if you can find TXN history.
  4. Use an old version of Electrum / MyCrypto / MEW to move most funds.
  5. Use an old version of trezorctl to move the other funds.
  6. Buy a second Trezor and update that.

V - I'm new to this, How should I backup my seed / passphrase.

  1. Make it simple, your kids / kin may be the ones doing the recovery.
  2. Make it secure in a lockbox or safe or something reasonable.
  3. Make it accessible in case there is market volatility.
  4. Make it resilient and redundant in case there is a fire / zombie apocalypse.
  5. Don't make it digital, hackers are smarter than you are.

VI - I forgot my PIN now I can't access my device

  1. Say a prayer and hope you have the right seed.
  2. Say a prayer and hope you have the right passphrase.
  3. Wipe your device then recover with the seed / passphrase to reset PIN.
  4. Don't forget again.

VII - I forgot my seed / passphrase, what now

  1. Nothing, you effectively put physical currency in an incinerator, no getting it back.
  2. Realize that you've learned a valuable lesson that will serve you well in the future.
  3. Advocate to others the importance of following section [V] above.

VIII - I want support for CrappyForkCoin and I want it now!

  1. Figure out what the fork_id is for CrappyForkCoin and write your own coin JSON file.
  2. Use your JSON file to compile your own CrappyForkCoin trezor FW.
  3. Flash your CrappyForkCoin trezor FW to your personal trezor.
  4. Use trezorctl to make CrappyForkCoin transactions.
  5. Read the wiki on how to add coins just to make sure.
submitted by brianddk to TREZOR [link] [comments]

US Tax Guide for ETH and other cryptocurrencies

Introduction:  
Greetings, fellow ethtraders! Happy New Year! In the next few months, taxpayers across the US will be filing their 2017 tax returns. As an Enrolled Agent and a ETH/cryptocurrency investor and enthusiast, I wanted to write up a brief guide on how your investments in ETH and other cryptocurrencies are taxed in the US.
 
 
1. Are ETH/cryptocurrency realized gains taxable?
Yes. The IRS treats virtual currency (such as cryptocurrency) as property. That means if you sell ETH, BTC, or any other cryptocurrency that has appreciated in value, you have realized a capital gain and must pay taxes on this income. If you held the position for one year or less, it is a short-term capital gain which is taxed at your ordinary income tax rate. If you held the position for more than one year, it is a long-term capital gain which is taxed at your long-term capital gains tax rate. In most cases, this is 15%, but could also be 0% or 20% depending on your specific ordinary income tax bracket.
 
2. If I sell my ETH for USD on Coinbase but do not transfer the USD from Coinbase to my bank account, am I still taxed?
Yes. The only thing that matters is that you sold the ETH, which creates a taxable transaction. Whether you transfer the USD to your bank account or not does not matter.
 
3. If I use my ETH to buy OMG or another cryptocurrency, is this a taxable transaction?
Most likely yes. See #4 below for a more detailed explanation. If assuming crypto to crypto trades are not able to be like-kind exchanged, then continue on to the next paragraph here.
This is actually two different transactions. The first transaction is selling your ETH for USD. The second transaction is buying the OMG with your USD. You must manually calculate these amounts. For example, I buy 1 ETH for $600 on Coinbase. Later on, the price of 1 ETH rises to $700. I transfer that 1 ETH to Bittrex and use it to buy 37 OMG. I have to report a capital gain of $100 because of this transaction. My total cost basis for the 37 OMG I purchased is $700.
 
4. If I use my ETH to buy OMG or other cryptocurrency, could that be considered a tax-free like-kind exchange?
Probably not. The new tax law says that like-kind exchanges only pertain to real estate transactions. This was done with Section 13303, which replaced “property” with “real property” for all of Section 1031 (page 72 near the bottom). My personal interpretation:
In 2018 and going forward, cryptocurrencies can definitely not be like-kind exchanged.
In 2017 and before, it is a very gray area. I personally am not taking the position that they can be like-kind exchanged, because if the IRS went after a taxpayer who did this, the IRS would probably win and the taxpayer would owe taxes, interest, and probably penalties on every single little gain made from trading one cryptocurrency for another.
Here is a great interpretation of why trading cryptocurrency for cryptocurrency is probably not a like-kind transaction.
In my opinion, the biggest factor is that like-kind exchanges must be reported on Form 8824 and not just ignored. Therefore, if a taxpayer is claiming like-kind exchanges on crypto to crypto exchanges, he or she would have to fill out a Form 8824 for each individual transaction of crypto to crypto, which would be absolutely cumbersome if there are hundreds or thousands of such trades.
Here is another article about like-kind exchanges.
Here is the American Institute of CPAs' letter to the IRS, dated June 10, 2016, asking them to release guidance on whether crypto to crypto can be like-kind exchanged or not. The IRS has not responded to the letter.
 
5. How do I calculate the realized capital gain or loss on the sale of my cryptocurrency?
The realized gain or loss is your total proceeds from the sale minus what you purchased those positions for (your cost basis). For example, you bought 1 ETH for $300 in June of 2017. In December of 2017, you sold that 1 ETH for $800. Your realized gain would be $800 - $300 = $500. Since you held it for one year or less, the $500 would be a short-term capital gain taxed at your ordinary income tax rate.
 
6. Which ETH's cost basis do I use if I have multiple purchases?
The cost basis reporting method is up to you. For example, I buy my first ETH at $300, a second ETH at $530, and a third ETH at $400. Later on, I sell one ETH for $800. I can use:
FIFO (first in first out) - cost basis would the first ETH, $300, which would result in a gain of $500.
LIFO (last in first out) - cost basis would be the third ETH, $400, which would result in a gain of $400.
Average cost - cost basis would be the average of the three ETH, $410, which would result in a gain of $390.
Specific identification - I can just choose which coin's cost basis to use. For example, I can choose the second ETH's cost basis, $530, which would result in the lowest capital gains possible of $270.
 
7. If I end up with a net capital loss, can I claim this on my tax return?
Capital gains and capital losses are netted on your tax return. If the net result of this is a capital loss, you may offset it against ordinary income on your tax return, but only at a maximum of $3,000 per year. The remaining losses are carried forward until you use them up.
 
8. What is the tax rate on my capital gains?
If long-term, the tax rate is 0%, 15%, or 20%, depending on your ordinary income tax bracket. If short-term, the tax bracket you’ll be in will depend on your total income and deductions. The ordinary income tax brackets are 10%, 15%, 25%, 28%, 33%, 35%, and 39.6% in 2017 and 10%, 12%, 22%, 24%, 32%, 35%, and 37% in 2018 and going forward.
Here are the 2017 and 2018 ordinary income tax brackets.
Here are the 2017 and 2018 long-term capital gains tax brackets.
Here is a detailed article on how the calculation of long-term capital gains tax work and how you can take advantage of the 0% long-term capital gains rate, if applicable.
 
9. If I mine ETH or any other cryptocurrency, is this taxable?
Yes. IRS Notice 2014-21 states that mining cryptocurrency is taxable. For example, if you mined $7,000 worth of ETH in 2017, you must report $7,000 of income on your 2017 tax return. For many taxpayers, this will be reported on your Schedule C, and you will most likely owe self-employment taxes on this income as well. The $7,000 becomes the cost basis in your ETH position.
 
10. How do I calculate income for the cryptocurrency I mined?
This is the approach I would take. Say I mined 1 ETH on December 31, 2017. I would look up the daily historical prices for ETH and average the high and low prices for ETH on December 31, 2017, which is ($760.35 + $710.12) / 2 = $735.24. I would report $735.24 of income on my tax return. This would also be the cost basis of the 1 ETH I mined.
 
11. Can I deduct mining expenses on my tax return?
If you are reporting the income from mining on Schedule C, then you can deduct expenses on Schedule C as well. You can deduct the portion of your electricity costs allocated to mining, and then you depreciate the cost of your mining rig over time (probably over five years). Section 179 also allows for the full deduction of the cost of certain equipment in year 1, so you could choose to do that if you wanted to instead.
 
12. If I receive ETH or other cryptocurrency as a payment for my business, is this taxable?
Yes. Similar to mining, your income would be what the value of the coins you received was. This would also be your cost basis in the coins.
 
13. If I received Bitcoin Cash as a result of the hard fork on August 1, 2017, is this taxable?
Most likely yes. For example, if you owned 1 Bitcoin and received 1 Bitcoin Cash on August 1, 2017 as a result of the hard fork, your income would be the value of 1 Bitcoin Cash on that date. Bitcoin.tax uses a value of $277. This value would also be your cost basis in the position. Any other hard forks would probably be treated similarly. Airdrops may be treated similarly as well, in the IRS' view.
Here are a couple more good articles about reporting the Bitcoin Cash fork as taxable ordinary income. The second one goes into depth and cites a US Supreme Court decision as precedent: one, two
 
14. If I use ETH, BTC, or other cryptocurrency to purchase goods or services, is this a taxable transaction?
Yes. It would be treated as selling your cryptocurrency for USD, and then using that USD to purchase those goods or services. This is because the IRS treats cryptocurrency as property and not currency.
 
15. Are cryptocurrencies subject to the wash sale rule?
Probably not. Section 1091 only applies to stock or securities. Cryptocurrencies are not classified as stocks or securities. Therefore, you could sell your ETH at a loss, repurchase it immediately, and still realize this loss on your tax return, whereas you cannot do the same with a stock. Please see this link for more information.
 
16. What if I hold cryptocurrency on an exchange based outside of the US?
There are two separate foreign account reporting requirements: FBAR and FATCA.
A FBAR must be filed if you held more than $10,000 on an exchange based outside of the US at any point during the tax year.
A Form 8938 (FATCA) must be filed if you held more than $75,000 on an exchange based outside of the US at any point during the tax year, or more than $50,000 on the last day of the tax year.
The penalties are severe for not filing these two forms if you are required to. Please see the second half of this post for more information on foreign account reporting.
 
17. What are the tax implications of gifting cryptocurrency?
Small gifts of cryptocurrency do not have a tax implication for the gift giver or for the recipient. The recipient would retain the gift giver's old cost basis, so it could be a good idea for the gift giver to provide records of the original cost basis to the recipient as well (or else the recipient would have to assume a cost basis of $0 if the recipient ever sells the cryptocurrency).
Large gifts of cryptocurrency could start having gift and estate tax implications on the giver if the value exceeds more than $14,000 (in 2017) or $15,000 (in 2018) per year per recipient.
Here's a good article on Investopedia on this issue.
An important exception applies if the gift giver gives cryptocurrency that has a cost basis that is higher than the market value at the time of the gift. Please see the middle of this post for more information on that.
 
18. Where can I learn even more about cryptocurrency taxation?
Unchained Podcast: The Tax Rules That Have Crypto Users Aghast
IRS Notice 2014-21
Great reddit post from tax attorney Tyson Cross from 2014
 
19. Are there any websites that you recommend in helping me with all of this?
Yes - I have used bitcoin.tax and highly recommend it. You can import directly from an exchange to the website using API, and/or export a .csv/excel file from the exchange and import it into the website. The exchanges I successfully imported from were Coinbase, GDAX, Bittrex, and Binance. The result is a .csv or other file that you can import into your tax software.
I have also heard good things about cointracking.info but have not personally used it myself.
 
20. Taxation is theft!
I can't help you there.
 
 
That is the summary I have for now. There have been a lot of excellent cryptocurrency tax guides on reddit, such as this one, this one, and this one, but I wanted to post my short summary guide on ethtrader which hopefully answers some of the questions you all may have about US taxation of ETH and other cryptocurrencies. Please let me know if you have any more questions, and I’d be happy to answer them to the best of my ability. Thank you!
Regarding edits: I have made many edits to my post since I originally posted it. Please refresh to see the latest edits to my guide. Thank you.
 
Disclaimer:
The information contained within this post is provided for informational purposes only and is not intended to substitute for obtaining tax, accounting, or financial advice from a professional.
Any U.S. federal tax advice contained in this post is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law.
Presentation of the information via the Internet is not intended to create, and receipt does not constitute, an advisor-client relationship. Internet users are advised not to act upon this information without seeking the service of a tax professional.
submitted by Nubboi to ethtrader [link] [comments]

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****How do you pay taxes on bitcoin****

US officials asked the Internal Revenue Service how US occupants should settle regulatory obligations on bitcoin and different digital forms of money, in a wonderful letter that shows exactly how unregulated the cryptographic money space remains.
Over 10 years after bitcoin was first presented, the IRS has discharged only one open notice on the most proficient method to settle government obligations on computerized possessions. That absence of direction is leaving American citizens with "inadmissible" uncertainty on detailing prerequisites, the letter marked by 21 individuals from Congress on Monday said.
"Citizens merit lucidity on a few fundamental unanswered inquiries with respect to government tax collection of these developing trades of significant worth," as indicated by Tom Emmer, a congressman from Minnesota who marked the letter. "Direction is long past due and fundamental to legitimate revealing of these developing resources."
The way things are, digital money is treated as property by the US government, which means capital additions duties apply to each exchange, regardless of whether it's purchasing a $1m home or a $2 mug of espresso.
Bitcoin: following 10 wild years, what next for cryptographic forms of money?
Be that as it may, questions remain in regards to how to decide the estimation of monetary forms at a given time and how to represent occasions like beginning coin contributions, in which organizations fund-raise by offering virtual monetary forms to financial specialists. A huge number of introductory coin contributions have brought billions of dollars up as of late, making revealing progressively unpredictable.
"From a duty revealing point of view, it tends to be very muddled simply following the additions and misfortunes on every exchange, except it gets increasingly mind boggling quite a long time after year," said Alex Kugelman, an assessment lawyer situated in San Francisco who direction customers on covering digital currency regulatory obligations. "There is for all intents and purposes no direction and it is baffling attempting to explore."
At the time the IRS direction that referenced advanced monetary standards was given, one bitcoin was worth $496. In the years since, it arrived at a record high of almost $20,000 and a $334bn advertise capitalization in December 2017. As of the hour of distributing, the worth rests at around $5,000 per bitcoin.
Questions staying, as indicated by the letter, incorporate how citizens ought to ascertain the equitable estimation of famously unpredictable monetary standards, how to track trades, and how to represent forks in the blockchain, which are central changes to the convention on which bitcoin and different cryptographic forms of money run. Kugelman said a portion of these complexities could mean contrasts of in excess of six figures for a portion of his customers with regards to documenting charges.
IMF says governments could set up their own digital forms of money
In spite of the disarray, the IRS has recommended it is authorizing progressively forceful implementation towards citizens who distort or come up short on charges on computerized monetary standards, as per an April 2019 report from Coin Center, a not-revenue driven research focus concentrating on blockchain innovation. In a March 2018 news discharge, the IRS undermined a jail term of as long as five years and a fine of up to $250,000 for anybody indicted for tax avoidance identified with computerized money property.
The letter from Congress may fill in as a type of insurance for computerized cash brokers being reviewed for assessment reasons, noted Kugelman.
"This letter is somewhat astounding," he said. "In the event that any of my customers are examined, I am going to show this to evaluators – in what manner can the IRS make implementation move against citizens when there is such a conspicuous absence of direction?"
Congressmen are mentioning a composed reaction from the IRS sketching out plans to issue refreshed direction on virtual monetary standards by 15 May 2019.
the Guardian won't remain calm. This is our promise: we will keep on giving worldwide warming, natural life elimination and contamination the earnest consideration and noticeable quality they request. The Guardian perceives the atmosphere crisis as the characterizing issue of our occasions.
Our autonomy implies we are allowed to examine and challenge inaction by people with significant influence. We will illuminate our perusers about dangers to the earth dependent on logical actualities, not driven by business or political interests. Furthermore, we have rolled out a few significant improvements to our style manual for guarantee the language we use precisely mirrors the natural calamity.
submitted by taywork to u/taywork [link] [comments]

****How do you pay taxes on bitcoin****

US officials asked the Internal Revenue Service how US occupants should settle regulatory obligations on bitcoin and different digital forms of money, in a wonderful letter that shows exactly how unregulated the cryptographic money space remains.

Over 10 years after bitcoin was first presented, the IRS has discharged only one open notice on the most proficient method to settle government obligations on computerized possessions. That absence of direction is leaving American citizens with "inadmissible" uncertainty on detailing prerequisites, the letter marked by 21 individuals from Congress on Monday said.

"Citizens merit lucidity on a few fundamental unanswered inquiries with respect to government tax collection of these developing trades of significant worth," as indicated by Tom Emmer, a congressman from Minnesota who marked the letter. "Direction is long past due and fundamental to legitimate revealing of these developing resources."

The way things are, digital money is treated as property by the US government, which means capital additions duties apply to each exchange, regardless of whether it's purchasing a $1m home or a $2 mug of espresso.

Bitcoin: following 10 wild years, what next for cryptographic forms of money?

Be that as it may, questions remain in regards to how to decide the estimation of monetary forms at a given time and how to represent occasions like beginning coin contributions, in which organizations fund-raise by offering virtual monetary forms to financial specialists. A huge number of introductory coin contributions have brought billions of dollars up as of late, making revealing progressively unpredictable.

"From a duty revealing point of view, it tends to be very muddled simply following the additions and misfortunes on every exchange, except it gets increasingly mind boggling quite a long time after year," said Alex Kugelman, an assessment lawyer situated in San Francisco who direction customers on covering digital currency regulatory obligations. "There is for all intents and purposes no direction and it is baffling attempting to explore."

At the time the IRS direction that referenced advanced monetary standards was given, one bitcoin was worth $496. In the years since, it arrived at a record high of almost $20,000 and a $334bn advertise capitalization in December 2017. As of the hour of distributing, the worth rests at around $5,000 per bitcoin.

Questions staying, as indicated by the letter, incorporate how citizens ought to ascertain the equitable estimation of famously unpredictable monetary standards, how to track trades, and how to represent forks in the blockchain, which are central changes to the convention on which bitcoin and different cryptographic forms of money run. Kugelman said a portion of these complexities could mean contrasts of in excess of six figures for a portion of his customers with regards to documenting charges.

IMF says governments could set up their own digital forms of money

In spite of the disarray, the IRS has recommended it is authorizing progressively forceful implementation towards citizens who distort or come up short on charges on computerized monetary standards, as per an April 2019 report from Coin Center, a not-revenue driven research focus concentrating on blockchain innovation. In a March 2018 news discharge, the IRS undermined a jail term of as long as five years and a fine of up to $250,000 for anybody indicted for tax avoidance identified with computerized money property.

The letter from Congress may fill in as a type of insurance for computerized cash brokers being reviewed for assessment reasons, noted Kugelman.

"This letter is somewhat astounding," he said. "In the event that any of my customers are examined, I am going to show this to evaluators – in what manner can the IRS make implementation move against citizens when there is such a conspicuous absence of direction?"

Congressmen are mentioning a composed reaction from the IRS sketching out plans to issue refreshed direction on virtual monetary standards by 15 May 2019.

the Guardian won't remain calm. This is our promise: we will keep on giving worldwide warming, natural life elimination and contamination the earnest consideration and noticeable quality they request. The Guardian perceives the atmosphere crisis as the characterizing issue of our occasions.

Our autonomy implies we are allowed to examine and challenge inaction by people with significant influence. We will illuminate our perusers about dangers to the earth dependent on logical actualities, not driven by business or political interests. Furthermore, we have rolled out a few significant improvements to our style manual for guarantee the language we use precisely mirrors the natural calamity.
submitted by datotaykimleng to u/datotaykimleng [link] [comments]

What is the advantage of Ethereum?

Ethereum has well established itself as one of the leading cryptocurrencies out there. Its market cap peaked at almost $140Bn and its value reached an all-time high of $1400 per ETH, solidifying its high ranking position on the crypto list. Currently, around 10% of the entire cryptocurrency market capitalization can be accounted for by Ethereum.
However, one of the first things to understand about Ethereum, is that it’s not just a digital currency. The blockchain-based platform encompasses a range of features including smart contracts, the Ethereum Virtual Machine (EVM) and Ether.
Ethereum’s Purpose
Vitalik Buterin, the face and founder of Ethereum, describes in his white paper the goal of developing an alternative protocol for building decentralized applications, with an emphasis on security, scaling and development time. Decentralized applications are applications that run on a P2P network of computers rather than a single computer prone to failure. His team successfully built the new platform with a general scripting language that enables businesses to build decentralized applications on top of their existing Ethereum blockchain.
“[Blockchain] is to Bitcoin, what the internet is to email. A big electronic system, on top of which you can build applications. Currency is just one.” Sally Davies, FT Technology Reporter. Ethereum enables people to utilize blockchain technology for a range of purposes.
Learn more about cryptocurrency on BtcNewz
Ethereum Components
Smart Contracts — Transactions
Bitcoin uses blockchain technology to fulfil one function, transferring money from one address to another. Ethereum, on the other hand, uses its blockchain to fulfil a range of different types of transactions known as smart contracts. A smart contract is a computer protocol intended to digitally enforce a negotiated contract, they allow the performance of credible transactions without the need for third parties. People from all corners of the world can interact and exchange value without a centralized authority through a smart contract.
As Smart Contract Investor, Nick Szabo, simply put is, “The general objectives [of smart contracts] are to satisfy common contractual conditions (such as payment terms, liens, confidentiality, and even enforcement), minimize exceptions both malicious and accidental, and minimize the need for trusted intermediaries.”
Ethereum Virtual Machine — A Runtime Environment
The Ethereum Virtual Machine (EVM) is completely isolated from the rest of the Ethereum network and acts as the perfect testing ground for developers to execute code. Developers can create applications and smart contracts and assess them on the EVM to identify errors and bugs that could result in their smart contracts being nullified. The sandboxed environment provides unlimited opportunities for developers to learn, improve and build highly robust smart contracts before applying them to the real Ethereum network.
Ether — The Digital Currency
Ether, which is very often mistakenly referred to as Ethereum, is the digital currency element of the platform. Ether essentially acts as the “fuel” that enables the actions of decentralized apps built on the Ethereum blockchain. Every action performed (i.e. transaction or smart contract) requires some quantity of computational power and time (known as “gas”); miners must be paid for fulfilling the computational workload and Ether is used as payment. The greater the computational workload, the greater the gas fee and the more Ether required to pay it off.
What Are the Benefits of the Ethereum Blockchain?
The Ethereum network holds all the core benefits that ordinary blockchains possess and more…
Core Blockchain Benefits
Immutable = All transactions on the Ethereum blockchain are immutable which means once the data is written it cannot be changed. This makes it nearly impossible to hack, not even the uploader can edit the data once uploaded.
Decentralized = The consensus mechanism used to agree on the validity of a transaction means there is no need for a trusted intermediary to perform the actions. Smart contracts are self-executed.
Fast Transactions = Instead of lengthy manual verification and clearances, automation of blockchain transactions ensure the process is significantly faster. It also tends to be cheaper as there are no third-party fees to be paid.
Secure = All transactions on the blockchain are cryptographically secured and Ethereum has three times more nodes than Bitcoin verifying its transactions.
Malicious hacks associated with Ethereum tend to be the result of poorly coded smart contracts by the platform’s users rather than the incredibly secure Ethereum blockchain itself. In fact, Ethereum announced last year their plans for a transition to proof-of-stake which would make the platform even more secure.
Reliable = Ethereum has proven itself to be a reliable platform and its blockchain has been active for over three years. Applications built on the platform run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
Source : Medium
submitted by alifkhalil469 to BtcNewz [link] [comments]

Bitcoin Faucet: Extrabtc - 4 satoshis every 0 minutes (Faucetpay) Earn Bitcoin by FreeSats Bangla Tutorial Blockchain: Ultimate Step-by-Step Guide to Understanding Blockchain Technology, Bitcoin Creation, IRS is Coming For Bitcoin & Virtual Currency (How is it Taxed?) Susan Athey: The Economics of Bitcoin & Virtual Currency

What You Need to Know About Virtual Currency Fraud. By Walt Manning, CFE. October 2015. Juan looks at the transactions floating on one of his 3-D holographic displays. The numbers are showing real-time movements of virtual currency funds around the world. New York's financial regulator had sights set on becoming a global hub for innovations like bitcoin when it adopted trailblazing virtual currency rules last year. But the state lost that momentum (In Japan, Virtual currency is common, but in this article, we use the term cryptocurrency, which is closer to the original meaning.) With the emergence of many difficult technical terms, it is The Court also ruled that the exchange of traditional currencies for non-legal tender such as Bitcoin virtual currency (and vice versa) are financial transactions and fall within the exemption Digital Currency. It can be defined as the virtual form of currency that is traded or exchanged with the help of an electronic medium of internet. Such currencies have found a new place in the current trade scenario as it enables the ease of immediate transfer, and the low or negligible costs associated with it.

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Bitcoin Faucet: Extrabtc - 4 satoshis every 0 minutes (Faucetpay)

Bitcoin is an online and secure virtual currency. It is already accepted as a payment method by many many online and offline vendors. Check out WeUseCoins. You can get a bitcoin wallet instantly here. Blockchain is the technology behind Bitcoin, the revolutionary ""virtual currency"" that's changing the way of people doing business. Why would you listen to this audiobook? Technology giants such ... Bitcoin as a form of payment for products and services has seen growth,and merchants have an incentive to accept the digital currency because fees are lower than the 2-3% typically imposed by ... June 20 (Bloomberg) -- Virtual currency Bitcoin has risen in usage, notoriety and value in the past few months. A Bitcoin's worth fluctuates with demand, and just like cash, it is free to use and ... Susan Athey explains how Bitcoin works, and why virtual digital currency might change the way consumers and financial institutions do business. Athey is the Economics of Technology professor at ...

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