Bitcoin Mining on iPhone - Is it Possible and Profitable?
Bitcoin Mining on iPhone - Is it Possible and Profitable?
Mining on an iPhone : Bitcoin - reddit
How To Mine Cryptocurrency On An iPhone - Macworld UK
Can You Mine Bitcoin on an iPhone? Yes You Can, but the ...
3 Ways to Mine Bitcoin - wikiHow
Hypothetically speaking, how much work would it take to do bitcoin mining on an iPhone?
I know this is a terrible idea, and I am never going to even attempt it, but assuming we had the technology (like a bitcoin mining app) how long would it take to create one block and what effects would it have on the phone?
READ THIS NOW: My life of SHOULD'VE, WOULD'VE, COULD'VE until I discovered Crypto.
Mostly all here are invested into Crypto. We all have our own reasons, methods, values of how we invest our money. One thing in common is we all have one main goal. That is to get as much money as possible out of this with the time, and money we can spare.
That's the dam truth##.
We are all here together, and since we are all here on our own will , I want to tell you why you should be proud to hold all your crypto. I'm 40 years old. At 18 after I graduated HS I had about $7800. $1400 from my graduation party, and $6400 selling my MTG collection on EBay. I also managed a small arcade for about $350 a week. Back to my MTG collection... I sold it because it changed. The designs on the new series looked too modern. The original designs were a work of art. Anyway, I seriously wanted to hold those magic cards but I kept telling myself... "I can get them back if I want. The price isn't going to move anytime soon. The market is in slight decline. Some of these have been the same price for 2 years now." I was right, the price of my two Lotus's stayed the same for 5 more years. Not budging . 12 years later after that , those same two cards value at over $60,000ea I believe. If I held untill a few years ago or now, I would've been able to do a quick sale at $400,000. Yes at a discount. The same goes for all the first edition garbage pail kids I had.
So, what did I do with all $7800##?
I told myself I want to invest it into Microsoft. But I talked myself out of it by saying "Some people told me the market was a risk, and I had to prepare myself to lose it all" So I didn't do it. I was close, but I didn't. I could've had OVER A MILLION! I instead used that money for a school. Business computer programming. It was a waste because 90% of what they taught me came natural. I was doing basic programming at 13 for fun. I regret not going with my initial FOMO on Microsoft , I regret listening to my own FUD with the MTG cards. 7 years later, I repeated the same mistake... I had about $15,000 in the bank. I wanted to invest $10,000 in apple after I read about the release of the iphone. Instead opted to do 5k over FUD I read. It was FUD about the risk since they never made phones, and alot of people were ridiculing their idea. Then I said to myself... "Fuck that, I don't want to do this. I could do so much more with this 5k" I instead used the 15k turbocharge my transam, add a racing transmission, tires, rims, new stero system, and I took a 2 week vacation ...GONE! I got what I wanted. Got laid a bunch of times, went to car shows. That could of been $500k by now. To top this off, I missed out on a quick $78,000 win at the racetrack because if my own FUD. Horses. I lost $200, and was left with only I $5 that night. I decided, "you know what, fuck it, I'm going to do a completely off the wall wild bet. I did a completely wild bet for $5. I picked all longshots in what they call a "Superfecta"(4 horses in that exact order 1st, 2nd, 3rd, 4th place prediction. 1 minute before the race started, I Cancelled the bet. I told myself ... "this is stupid, 99:1, 78:1, 56:1, 38:1 long shots coming out in this order? THATS INSANE...Why am I blowing 5 away? Fuck that, I instead put $5 on the 10:1 to win hopefully my to maybe get $50 back " Well. Guess what? The 3nd largest superfecta payout in history. No body won it! It came out in the original order I out it in that's to a series of freak disqualifications in the race. I hate myself for cancelling that. But hey, maybe that happened for a reason. Maybe I wouldn't have ended up living on another country for 2 years. Learning another language. You see So many times in my life I had the perfect opportunity, and I didn't take it. I let Fear, Uncertainty, and Doubt make my Choices for me. Then came crypto currency. In late 2016, a client of mine told me he got rich off Bitcoin. He raved about it . He told me about ripple, ETH etc. I invested in his recommendation about XRP when it was $0.005. it FLEW UP from there. I took some of that massive gain and bought other things, and those FLEW. For someone like me, it was LOTS of money off my original $500. Sure this was a "lucky time" to get in but that's not the point I'm trying to make here. The point is that I finally did it! I didn't let FUD fuck with my head. I just did it. I cashed out already in late 2017. About 90% of what I gained. Payed off all my debt, and my truck, and had another $30k or so to put a down payment on a house. If I didn't just stick with my guns and let the FUD get to me, then I would still be in a whole bunch of debt. Especially with this whole lockdown bullshit. But now.... NOW ,I never again I will tell myself... "IF ONLY I DID THAT WHEN I HAD THE CHANCE" NOW I NEVER HAVE TO SAY THAT AGAIN! I DONT GIVE A SHIT IF IT TANKS ANOTHER 50% FROM HERE because it's all house money. I NOW NEVER HAVE TO SAY ... "IF ONLY I DID IT" NOW I DID! Crypto Currency is severely undervalued. Its manipulated down right now. This about this logic, how can something increasingly popular with more and more support by the day drop in price? Crypto isn't human. Bitcoin isnt getting fired over sexual harrassement, there isn't a corporate takeover. Its manipulation. I don't care if this shit takes 5 years to recover. I'm holding . I don't care if BTC dips to $1000. I'm holding till this MCAP tops 10 trillion. so if you love your crypto, hold that F#%KING SHIT! The lesson here is never let FUD make choices for you. Stick to your original beliefs. If there's a voice in the back of your head telling you "I want to do this", then Listen to that voice. That's you! Listen to yourself, not the new voice that intrudes after your choice.
Investing when you don't trust [that] your own judgement [lines up with popular trends]
At 37, better a little late then never, I finally understand I need to invest my money. I've read advice that "if you have expertise in a field, why not use that to inform what companies you invest in?" Here's the problem: as a tech geek / early adopter I tend to get the technical fundamentals right, but bet on the wrong horse every time. I zig just before the general population zags. I know this about myself, so it makes me question how I could trust myself to pick investments. For example, I invested a lot of time, and some of my money, on a pre-Android Linux phone and learning how to develop for it. A few months later, the first iPhone came out. Right idea, wrong timing - I missed the mobile app developer bandwagon by being too early. Of course I could have pivoted to the new platform, but rode the sinking ship instead. Plus my tightwad (now ex-)wife at the time wouldn't stand for me putting $$$ on a different smartphone so soon after "wasting" $$$ on a dud. In 2010 I thought Facebook was crazy to turn down a $24B offer from Microsoft. I predicted that people my age and younger would soon become disillusioned with the platform and might start leaving it in droves. I predicted FB would become and remain an irrelevant cesspool of sh!tposts and political memes. Plus you know, privacy concerns and all that. Well you all know how that turned out both in what did happen and how little long term effect it has had on FB's market value. In 2009 (post crash) I supported / encouraged my (now ex-)wife at the time in buying our first house, because I envisioned that entities able to buy up properties for cash, such as (foreign) investment firms and rental companies were going to soon start out-competing individuals for houses on the market. I think I thought the concerning half of every trend over 2010-2020 was going to take place in 2009-2011. That didn't happen (then), and when we wanted to move the house failed to sell; she still lives in it. I was aware of Bitcoin from early on. I could have easily mined it when it was still energy efficient to do so on a PC (and I had a collection of powerful PCs for the time), but I thought it was foolishness and didn't want any part of it. It's like that episode of King of the Hill where Peggy figures out that by following Bill around as he shops and seeing what he buys she can know what to invest in because Bill is such an "everyman." Except in my case maybe you should pass on the things I pick for myself.
Mainnet project: an important change. If you are a donor, please read.
Hi everybody. It has been one week since the mainnet project got the funding and I have an important update to make. A little bit about the progress: I've found a wonderful developer, who is helping with the library, so it is starting to take some shape. I'm ironing out our REST API, got some useful feedback, continuing to do so. About 0.17% of the total funding spent so far. The important update though is that I have decided to take the development and spending private, instead of public. Before I explain what that means and why, I understand that it might upset some donors. So, if you have pledged any amount and disagree with my change for any reason - please contact me (DM, or [email protected]) and I'll refund your pledge completely, no questions asked. (Please sign any message using the address that you used to prove that you sent the funds, see the list of donors here to find your pledge and the link the the funding donation to find which address you sent from). If more than 50% of pledges ask for money back, I'll just return everything to everybody in full and we'll consider the project cancelled. At that point anyone willing to take on the project (via a new Flipstarter or something), I'll donate the domain to them. Everything that is done so far is MIT licensed, so anyone is free to take it at any moment. Let the market decide! I've got to tell you that I'm a bit disappointed with our progress so far. I expected a lot of people willing to earn some money, but I've got only 4 relevant developers, 3 of them passed a very simple test, only one is actually doing anything. This was not expected by me, when I had promised to work publicly and with BCH developers. Another problem is that I have a certain vision that I described in the project description. In addition to that vision there is also a lot of experience talking to read.cash users. A lot of them are in countries with very bad Internet (2G, few kilobytes per second), using very old Android phones (10+ years, the size of an iPhone 4 and the speed half of that of iPhone 4).. And I also really hope that someday we will have 100MB blocks, 1GB, 1TB blocks. But now I'm tied in arguments with BCH developers who argue that many current solutions are good enough already and we don't need to change them - just build on top of a few convoluted and complex protocols, just download a block when needed (again, Africa, 2G, 100MB blocks), just download 640,000 block headers, listen to the whole mempool (with 1TB block we'll have 1TB mempool) - it's fine, blocks are tiny... Just send a few queries (now)... Just download a mempool fully. (To those of you that know what this is about, please don't name names, I'm not here to play the blame game, everybody is entitled to their own opinions. It's fine.) If your wallet becomes too big - create a new one. It's fine.
Sidenote: my read.cash wallet that gets the fees takes a few hours to open now, and it's barely 9 months old! I find current solutions unacceptable, I want my wallet to open up immediately and handle 100MB blocks as well as 60KB blocks.
I don't want to develop for tiny blocks or tiny wallets that need to be changed every few months.. I want huge blocks! I don't want mainnet to be as brittle as to break at the first sight of success. A few of these discussions got me really tired and I have no leverage on these guys. They have money now, they have their vision, I have mine, described on the site, they don't want to do it my way. I didn't collect the funds to do it their way. Yet I have made a commitment to work with them. This is very tiresome. I feel like I've got myself into a trap - I have to work with these people, they don't want to work on my stuff. This is just stupid. One more thing is that now that I have Slack - I'm caught in endless private discussions of people trying to sell me their vision of how stuff should be done or questions about me or read.cash... I didn't sign up for that, I barely have any time to do the work, I don't have time for this, sorry. Change #1: Private development Having said that, I'm moving the project to private development. Frankly, all I care about is to get this project done. I added an additional burden on myself to be do the public development. And it's tiresome. The plan would be to hire some outside developers, using regular contracts, so that they don't have THEIR ideas on how to do the project and they'll just do what I described. I think everybody cares about the end result - library working, document being written, etc... Change #2: Private spending Hired developers also means salaries. When people (in the real world) know salaries of other people, it leads to conflicts. I went through this experiment (public salaries) once in my life, I won't go through that again. Even people knowing your budget become a problem, since they start to bargain with you. (Again, we're talking about outside developers, they are not interested in BCH success, they are interested in getting as much money as possible) By private spending I mean that I'll post periodically how much is done and how much funds is approximately left, but no details on who got what for what. Right now there's 99.83% funds left. Some of you might see it as a money grab or something else - I can't blame you, but I'd rather see this project cancelled by market forces than drown in endless fights about why we should do exactly nothing or their idea, hope for small blocks and use what we have no matter how convoluted or hard it is, or why somebody's hourly rate should be bigger than that guy's. Will this lead to everyone cancelling their donations? It sure could! It's voluntary funding after all, I can't force anyone to love what I do or how I do it. If you donated and want a refund to your original address - just ping me. When this post is 48 hours old, if more than 50% pledges remain, the project will move on as described above. If 50%+ cancels - everybody gets refunds to their original addresses.
https://federationofglobalmerchants.com/2020/08/14/gold-and-silver-where-do-they-go-from-here/ Investors know by now that one of the leading indicators of an unstable and unpredictable stock market is a surge in the price of precious metals like gold and silver. In February, amidst the COVID-19 pandemic, the markets officially entered a recession, even though just months later several of the major indices have reached all-time highs. It was a brief dip into recessionary territory, but this sort of volatility is what gives investors hesitation in putting their money into the stock market, rather than something that is perceived to be more stable. Gold future contracts are selling well above $2000 per ounce for the rest of 2020 and well into 2021 as well showing that investors are confident that gold will continue to rise in price. Silver is also surging reaching new all-time highs on a daily basis. So investors may be curious as to how to get into this red-hot market, especially as the markets continue to fluctuate. Gold: For centuries now gold has been literally the ‘gold-standard’ of currency and wealth. Dating back all the way to around 40,000 B.C. in Spanish caves, gold is a naturally occurring element that has both fascinated and lured people for as long as barter systems and wealth has been recorded. Currently, gold is enjoying its highest valuations in history as investors flock to the stability of the precious metal through various streams. So what is the allure of gold and why is it so stable? Warren Buffett once said, “Gold is a way of going long on fear.” That is quite a statement from perhaps the greatest investment mind of our generation. But what does this mean for the novice investor? Even the most successful blue-chip stocks can crash. Obviously the more prominent and profitable companies with mega market caps will not crash as easily as smaller companies, but given the volatility of the pandemic, we can see anything happen. But as stock markets fluctuate on a daily basis, the price of gold remains mostly stoic. Not as manipulatable as stock prices, gold is as steady as it gets for investors. What makes gold so stable? It is a combination of factors, first and foremost, it is a physical and tangible element which makes it possible for people to store and stockpile. It does not corrode or wear down over time, making it durable and ensuring that the value remains. There is also a finite supply of it in the world. This reinforces that it will always keep a certain level of valuation as the supply is kept in check. Today, as the Federal Reserve tries desperately to pump money into the American economy to stave off a global recession and keep companies afloat. Printing more American dollars helps in the interim, but it is a temporary band-aid for the bigger problem. As more of the dollar gets created the more it gets devalued as a form of currency. This is another reason why gold is skyrocketing. The two valuations always work inversely to each other, so as the greenback continues to plummet, the price of gold will continue to surge which makes perfect sense if one thinks about it. The value of gold is priced in American dollars per ounce, so if the value of an American dollar retreats, the cost of gold will rise in response. So how can investors take advantage of the current state of gold? In the age of internet investing, there are plenty of ways to invest in gold or anything in that matter. Most American platforms give inventors the ability to buy fractional shares of companies. While this comes in handy for expensive stocks like Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), or Tesla (NASDAQ:TSLA), it also allows investors to diversify their funds across multiple companies to form a basket approach to an industry. There are also plenty of ETFs or Exchange Traded Funds, available for investors to consider. These funds have the diversification of a mutual fund or index fund, but trade like individual stocks. Here’s a few of the better gold ETFs to consider if you are looking to get into the industry:
IAU – iShares Gold Trust: One of the better known gold ETFs out there, iSHARES is a reputable brand with great overall market performance. The fund has returned over 17% to inventors already this year, and with the price of gold projected to continue to rise, this fund should keep delivering for investors into next year.
DGL – Invesco DB Gold Fund: Another well known and reputable ETF, the Invesco Gold Fund has slightly higher fees than iSHARES but has also had a slightly better return so far this year.
IAUF – iShares Gold Strategy ETF: Another iSHARES ETF, this one has parts of IAU, as well as gold futures contracts, to get a long term forecast of the price of gold so the investor gets exposure to a wider range of gold options.
There are dozens of other ETFs available for investors that cover everything from miners to the finished products. Mining company stocks are another great way to get exposure. As the demand for gold increases, these mining companies should see a rise in their revenues and eventually, their profits as well. These changes will be reflected in their stock prices and we have already seen some of this already this year.
ABX – Barrick Gold: One of the largest gold mining companies in the world, this Canadian company has seen healthy gains in their stock price so far in 2020. Over the last 52 weeks, Barrick investors have enjoyed a 131% increase in stock price. With mining projects ongoing in Canada, America, Australia, South America, and Africa, Barrick has already announced that it is on track to achieve guidance this year despite closures from COVID-19.
FNV – Franco-Nevada Gold: This stock price rose almost 15% in July alone. Franco-Nevada operates as a funding company to gold mining companies, rather than actually doing the mining themselves. Sustainalytics, a guidance and analysis company, rated Franco-Nevada number one amongst 104 precious metal companies.
NEM – Newmont Goldcorp: The largest gold stock by market-cap and the only stock to trade on the S&P 500, Newmont is probably the safest company for gold investors to invest in. On top of steady returns and low volatility in the stock price, the company pays a fairly healthy dividend as well.
With gold at all-time highs, we can begin to question how high the precious metal may go. With a second wave of the coronavirus making its way around some parts of the world, and America, still making its way through their initial wave, the uncertainty that exists in today’s markets may continue into 2021. Some Wall Street analysts have forecast gold to rise as high as $10,000 per ounce, but that seems like a little ambitious. Gold has just recently hit all-time highs at $2000 per ounce and to imagine that it can run up another 500% in the next few years seems far-fetched at this point in time. That would require the markets to enter an extended bear-market, which of course is possible after a decade of a bullish run, but it would also require the American dollar to continue to be further devalued. Gold is pegged to continue to rise for the rest of this year though and well into 2021. That means investors and analysts are foreseeing a further devaluation of the American greenback as well as continued volatility in the markets and economy. Is gold a safe haven? Some people believe it is, but if you are an investor that enjoys high returns over long periods of time, investing in precious metals may not be for you. Investors love the stability of gold but the returns are never astronomical, with the last few months being an exception. It helps to have a portion of your portfolio dedicated to precious metals to diversify and protect you from any sudden market corrections, but investors should not be looking at gold as a short-term way to get wealthy. Silver: The other precious metal that has been flying sky-high of recent months is silver, the eternal younger brother to gold. Mined from silver-ore, it is a highly malleable metal that was once valued higher than gold by the Ancient Egyptians. Today, it is relatively low in price per ounce compared to gold, reaching all-time highs recently of just under $30 per ounce. Silver is another stable alternative to gold, and at lower prices, it may be a little more affordable for the novice investor to jump into. Like with gold, silver has an inverse relationship to the American dollar, and to all currencies in general. Again, this is another reason why silver is hitting all-time highs right now, with silver future contracts predicting a steady rise to mirror gold, well into 2021. There is also something that Wall Street calls the gold silver ratio, which is exactly what it sounds like: the ratio of the price of gold per ounce to the price of silver per ounce. This ratio has historically moved together, which makes logical sense if both precious metals are independently moving inverse to paper currencies. Historically, the gold and silver prices do move together though as the general ratio has been in the range of 17:1 to 20:1. Silver also has numerous ways for investors to get involved in, including silver mining and production companies, as well as the ever popular silver ETFs. These Exchange Traded Funds have gained popularity amongst retail investors in recent years as a way of purchasing a diversified product as a single equity with low costs, and no trading fees if your platform allows it. Here are a few of the better performing silver ETFs that investors can look into adding to their portfolios if they are interested in the precious metal:
SLV – iShares Silver Trust: Probably one of the better known silver ETFs, this is fully backed by silver bullion and coins held in a vault. While usually fairly steady, this ETF has enjoyed a 52-week increase of 152% with much of that coming in the last few months.
SIVR – Aberdeen Standard Physical Silver Shares ETF: Very similar to SLV but with lower fees, this is an ideal fund for novice and experienced investors to get into as they start to diversify their portfolios.
DBS – Invesco DB Silver Fund: Again another stable ETF for investors to get into, and another good performing one as well. Just as with their gold ETF, Invsco focuses on silver futures contracts for this fund, so it is a nice long-term play if investors are bullish on silver.
Just as with gold, investors can get a slice of the silver pie by buying shares of silver mining companies as well. Here are a few of the top silver mining company stocks that investors can look into adding to their portfolios.
PAAS – Pan American Silver Corp.: This Canada based miner is focussed on the exploration, development, extraction, refining, processing, and reclamation of silver. They operate mines in Peru, Mexico, Bolivia, and are developing more as well for the future.
WPM – Wheaton Precious Metals: Another Canadian based company that deals with miners of gold, silver, palladium, and cobalt. Wheaton is not a direct miner, rather they purchase these precious metals from other mining companies.
AG – First Majestic Silver Corp.: Canadian companies seem to be dominating the silver industry, and First Majestic is another of those. This company focuses mainly in Mexico for gold and silver.
Silver may never be as popular as gold for investors to keep track of but the two precious metals move in a synchronized fashion, and both are looked upon by investors as safe havens for their money when the market is in flux. The rest of 2020 seems like a wildcard right now, with many analysts expecting a further correction to the markets at any point. There seems to be an inevitability to a market crash of some sort, whether it is as big as the one that happened back in February and March, remains to be seen. Investors are looking at the precious metal industry to hold their funds to wait out any sort of correction or crash. If this does happen, we may expect a pullback in precious metals too as investors selloff to get back into some stocks at their low levels. Such is the ebb and flow of the economy during turbulent times like the current one we are in. At the same time, what if a market correction does not happen? Will the uncertainty continue or will investors feel relatively secure in the way the markets are progressing? This could cause a reduction in the demand for silver and gold, culminating in lower prices in the future. Of course this also depends on the Federal Reserve diminishing their rate of printing paper currency to bailout the economy, which does not seem like a reality in the short-term at least. Another point of contention for investors is the ongoing economical and political tensions between China and America. The two world powers have been feuding for the past couple of months over various things, but it escalated as China social media app Tik Tok gained popularity in North America. It was alleged that TikTok was sending data and information from mobile phones back to China, though nobody is sure of their intended use of this data. Regardless, the markets have stumbled several times lately because of this. Both sides have threatened economic sanctions and the banning of certain product use in each country. The prices of silver and gold have shot up as the tensions have escalated between the two governments, as investors flock to the precious metals. Many of the biggest companies on the major stock indices rely on China for materials or production, so any sort of breakdown in supply chains could cause an enormous change to their stock prices. An example of this is a sudden 5% correction in the price of Apple (NASDAQ:AAPL), as it was thought that iPhone sales would decline if China’s chat platform WeChat was banned in America. There are other factors that may have an effect on gold and silver prices as well. In this modern economy, many of the retail investors have trended towards younger adults with a sudden influx of income. Popular platforms such as Robinhood combined with increased time at home during the quarantine, have caused retail investor usage to skyrocket during the pandemic. Many of these investors are more lured in by the shiny new objects of cryptocurrencies like Bitcoin. Perhaps we will start thinking of these cryptocurrencies as a modern day version of precious metals one day, as many investors and some analysts, believe that Bitcoin may be a safe haven in the future. Already, the price of Bitcoin has risen above $12,000 in August, mirroring the highs of gold and silver. If the demand for Bitcoin rises higher than the demand for precious metals, we may see an investor migration to cryptocurrencies rather than tangible metals. Conclusion: Gold and silver are staples of our global economy, and will continue to be so as long as the demand for precious metals exists. In times of uncertainty, gold and silver are viewed as safe relative to the volatility of the stock market. Sure, their prices can vary as well, but because they are tied to a less dynamic valuation that is based on an inverse relation to paper currency, their prices will not and can not fluctuate as much as the liquidity of individual stocks. As long as the world remains in flux, there will be a general feeling of instability, especially for global markets. A second wave of COVID-19 in the third or fourth quarter of 2020 could prove to be enough to push the markets over the edge and into another recession. The bull market has been rallying for over a decade now, with astronomical gains over the last few years, especially for sectors like the big tech FAANG stocks. Another factor to consider is what a Biden government could bring to the world if he is elected over President Donald Trump in October. A new government could ease some of the tensions with China, as well as within America itself. These are all big what ifs, and could all have potential impacts on the economy and the world. As long as all of these factors are up in the air, investors will be looking to gold and silver as ways of stabilizing their portfolios and protecting their finances from a potential market crash in the future.
I was going through my junk mail today and saw that I got an email on 7/18 basically saying that this person had gotten access to my camera through malware on an adult website and was going to send a video of me out to all of my Gmail contacts if I didn’t send a sum of money on Bitcoin. I’m fairly certain this is fake since 1) i haven’t been on one of those sites in over a month 2) i watch on a private brower on my iphone and don’t have an account and 3) my phone hasn’t been acting strangely (as i’m assuming it would if malware had been working through it). However, i’m concerned because they were able to get my email and also stated a password of mine. This password, however, is one that I use for any throwaway sites/quick things I need to sign up for, so i’m thinking they could’ve gotten it from that. Nevertheless, I am a very paranoid person and would appreciate some reassurance that this is fake. I’d also be interested in knowing how they were able to access my password/email.
I earned about 4000% more btc with my android tablet than with a $250 ASIC mini rig setup using GekkoScience Newpac USB miners!
Requirements: 1.) Android Device with access to Google Play Store. *I haven't tried yet but you may be able to use tis on Android TV devces as well by sideloading. If anyone has success before I try, let me know! -Note, I did this with a Samsung Galaxy Tab S6 so its a newer more powerful device. If your android is older, your profts will most likely be less than what I earned but to give a projected range I also tested on my Raspberry Pi 4 running a custom LineageOS rom that doesn't allow the OS to make full use of the Pi's specs and I still got 500 h/s on that with Cloud boost, so about 60% of what my Tab 6 with MUCH Higher Specs does. **Hey guys. Before I get started i just wanted to be clear about one thing. Yes I have seen those scammy posts sharing "miracle" boosts and fixes. I have a hard time believing stuff online anymore. But this is honestly real. Ill attach photos and explain the whole story and process below. Thanks for taking the time to read and feel free to share any thoughts, concerns, tips, etc* So last week I finally got started with my first mini rig type mining build. I started getting into crypto about a year ago and it has taken me a long time to even grasp half of the projects out there but its been fun thus far! Anyways my rig was 2 GekkoScience Newpac USB miners, a Moonlander USB miner to pair with an FPGA i already had mining, a 10 port 60W 3.0 USB hub and 2 usb fans. The Newpacs actually are hashing at a combined 280 g/s which is actually better than their reported max hash rate when overclocked. Pleasant surpise and they are simple!! I just wanted to get a moonlander because my fpga already mines on Odocrypt for DGB and I just wanted to experience Scrypt mining and help build the DGB project. The Newpacs are mining BTC though. After I got everything up and running i checked my payout daily average after 1 week. I averaged .01 a day TOTAL between all three miners with them all perforing ABOVE SPEC!!! I had done research so i knew I wouldnt earn much. More than anything i just wanted to learn. But still. I was kinda surprised in a negative way. Yesterday I actually earned less than .01 Frustrated I went back to scouring the web for new ideas. About a year ago, when II was starting, I saw an app on my iphone called CryptoBrowser that claimed to mine btc on your phone without actually using phone resources using a method of cloud mining. I tried it for a week and quit because I earned like .03 after a ton of use and seemed scammy. Plus my iphone actually would get very hot when doing this so I quit using it as it seemed like a possible scam with all the cryptonight browser mining hacks and malware out there. Anyways I was on my Galaxy Tab S6 and saw that CryptoBrowser released a "PRO" edition for 3.99 on Google Play. I bought it for Sh*ts and giggles and booted it up. It came with what they called "Cloud Boost" Essentially this is a button you press and it multiplys the estimated hashrate that it gives you device by the number shown on the boost button. (With the purchase of PRO you get one free x10 boost. You can purchase additional boosts to use with other android devices but those are actually pretty pricy. Another x10 boost was like $25 if i remember correctly). I played with it for about an hour to see if it actually worked like it said it would this time. To my surprise, as i was browsing, my device didnt increase in temperature AT ALL!!!!! I checked my tast manager to confirm and it was indeed true, my memory and usage barely went up. it was giving me an estimated range of 80-105 on the hashrate. Once i pushed the x10 boost button, that went to 800-1150 h/s. I switched my screen to not go to sleep, plugged it to the charge and let it run on the browser page, hashing. When you push the boost button, it runs for 3 hours at the boosted speeds. After that it goes back to normal but if you press the button again, it boosts everything again. There is no limit to how many times you use it. After checking what I earned after 24 hours, I HAD MADE .40 in BTC!!!!! I JUST EARNED OVER 4000% MORE THAN MY $280 MINING RIG EARNED ME!!!! I was blown away. Maybe this was a fluke? I did it again next day. Every 3 hours or so I would push the button again but thats all. Sure enough, .35 that day. Also, it realy BTC. I requested a payout and although it took like 12 hours for them to send me an email stating they had just sent it, I actually did recieve the state amount of BTC within 24 hours in my personal wallet. The fees to send are SUPER LOW!. Like .01 Below I will list the steps I took, along with an explanation of thier "Mining" process on Androids. Reminder, this ONLY WORKS ON ANDROIDS. Also DO NOT use cryptobrowser on a physcal laptop or desktop. I ran it on an old laptop for three days last year and it fried it. It does actually use your hardware on those platforms to mine and it is not efficnet at all as I suspect they prob steal over half of your power for themselves using the REAL RandomX protocol via browser mining which is EXTREMELY INEFFICIENT DONT TRY IT!! -----How To Do This Yourself: Cryptotab Browser states the program works on Android devices by estimating what it thinks the hashrate would be for your device specs and siimulates what you would mine in a remote server however you still earn that estimated coin amount. It is not a SHA-256 process or coin that they say is mining, rather it is XMR and they swap that and pay it out to you in BTC Bitcoin. However I know damn well my Tab S6 doesnt hash 80-105 h/s on RandomX because I have done it with a moodified XMRig module i ported to Android. I got 5 h/s a sec if I was getting any hashes at all. But thats besides the point as I still was making money. Now, when you press that cloud boost button it immediately boosts that hash rate it estimates by the number on the cloud boost. As stated above, you can purchase more boosts and gift them or use them on extra android devices that you may have. Again, they are pricey so I'm not doing that plus it would just mean that I have another device that I have to leave on and open. The boosts come in x2, x4, x6, x8 and x10 variants. Again, they have unlimited uses. Here is the link to grab yourself CryptoBrowser Pro from CryptoTab. This IS A REFERRAL LINK! This is where I benefit from doing tis tutorial. Like i said, I want to be transparent as this is not a scam but I'm also not doing this out of the love of my heart. Their referral system works in that people that use the donwload the app using your link are your stage 1 referrals. Anytime they are mining, you earn a 15% bonus. So say they mine $.30 one day. You would get paid out an additional $.045 in your own balance (it does not come out of the referred user balance fyi so no worries). Then lets say that referred miner also gets their own referrals. I would get a 10% bonus on whatever THOSE people mine. This goes on and on for like 8 tiers. Each tier the bonus percntage essential halves. So again, I stand to benefit from this but it also is stupid to not make this visible as its WAY CHEAPER, EASIER AND MORE PROFITABLE TO GET BTC USING THIS METHOD THAN IT IS USING ASICS!! THIS EARNS ALMOST AS MUCH BTC AS AN ANTMINER S7 DOES RUNNING 24/7 ONLY WITHOUT THE HUGE ELLECTRICTY BILL AND COSTS!!!!) Thats it. Again, if you have concerns, let me know or if you have suggestions, other tips, etc... mention those as well!!! https://cryptotabbrowser.com/8557319 Links to Picture Proof http://imgur.com/gallery/P13bEsB
For what I hope are obvious reasons, I don't want, and probably will never post my threat model publicly online. However, regardless of that, what I'm sure you will extrapolate from this post is that I live my life, digitally in particular, with a fairly high level threat model. This is not because I'm some super sophisticated criminal mastermind, but rather, I am at this level because I genuinely love playing around with this stuff. And I just happen to understand the importance of privacy and just how vital it is to a truly healthy society. I would like to extend a thanks to ProgressiveArchitect for the sharing of the knowledge they have done on this subreddit, /privacytoolsio, and the like. We may have never interacted, but nevertheless, your input into this community is truly interesting and extremely informative and educating. I'm sure those of you familiar with PA's setup will be able to draw some parallels with mine and their's. Thank you. I hope you all enjoy reading this write up.
I run Qubes OS on a Lenovo ThinkPad X230 laptop. Specs for it are as following: - i7-3520M - 16GB RAM - 1TB Samsung 860 Evo SSD - Qualcomm Atheros AR9285 wireless card Additionally, I used a Raspberry Pi Model 3B+ and a Pomono SPI clip to replace the stock BIOS firmware with coreboot+me_cleaner. This wasn't done out of any "real" concern for the Intel ME (though of course proprietary black-boxes like it should be avoided at all costs and not trusted), but rather for open source enthusiasm and for increased security and faster boot times than what the stock BIOS firmware allows for. On that note about the ME, I don't believe the conspiracy theories that claim that it is a state-sponsored attack method for surveillance. I believe that Intel had good intentions for improving the lives of IT professionals who need to manage hundreds, if not thousands of remote machines. However, it has proven time and time again to be insecure, and I don't need the remote management and the "features" that it provides on my machines. In Qubes, I use a combination of AppVMs and StandaloneVMs for a variety of different purposes. All VMs use PVH over HVM, except for the Mirage Unikernel Firewall, which uses PV, and the sys-net and sys-usb StandaloneVMs which have to use HVM because of PCI device passthrough. Right now most of my VMs are AppVMs, but for maintenance and compartmentalization reasons, I am considering moving more towards StandaloneVMs, despite the increase in disk space and bandwidth usage for updates. General route of from Qubes to the Internet for anonymous browsing, general private browsing, accessing Uni services, and Uni-related anonymous browsing respectively: 1. Qubes->sys-mirage-firewall->sys-vpn-wg->sys-corridor->sys-whonix->whonix-ws-15-dvm to the internet. 2. Qubes->sys-mirage-firewall->sys-vpn-wg to the Internet. 3. Qubes->sys-mirage-firewall->uni-vpn-wg to the Internet. 4. Qubes->sys-mirage-firewall->uni-vpn-wg->uni-corridor->uni-whonix->uni-anon-research to the Internet.
(Note: the VPN name is substituted in the "vpn" above. I had to remove it to comply with this subreddit's rules. It is easy to identify what VPN it is as it randomly generates a long numaric string and has fantastic support for WireGuard.)
fedora-29-minimal: Base for the minimal VMs.
fedora-29-uni-persist: Template for uni-campus and uni-home AppVMs.
crypto: A work in progress VM for handling crypto transaction using cleansed Bitcoin and Monero.
printing: Exactly as it sounds like. It is firewalled to only be able to connect to the network printer on my home network.
sys-corridor: corridor is a Tor traffic whitelisting gateway that provides network to sys-whonix. It helps to provide an additional failsafe to defend against clearnet attacks.
sys-mirage-firewall: A version of the Mirage Unikernel to act as an extremely minimal and resource light firewall. It is configured to only allow connections to the individual IP addresses my VPN's WireGuard servers as well as a select few internal IP addresses on my home network (router, home server, and Pi-Hole).
uni-corridor: See sys-corridor for description. Provides network to uni-whonix.
sys-usb: USB stack isolation VM. Uses fedora minimal now.
uni-vpn-wg: A Uni ProxyVM for my VPN.
uni-net: A ProxyVM for all Uni-related domains. Based off fedora minimal.
uni-shared: Acts as an SMB network share for uni-campus and uni-home so that the documents and emails can be accessed easily between them.
fedora-29-dvm: Default disposable Fedora VM.
whonix-ws-15-dvm: Default disposable Whonix VM. This is where I do 95% of my online browsing.
calendar: Exactly as it's named. Has a firewall rule to only allow connections to posteo.de.
nas-access: Used to access my NAS and to watch content on it.
pihole-access: Used to access my Pi-Hole through Firefox. Has a firewall rule to only allow connections to its IP address.
router-access: Used to access my router through Firefox. Has a firewall so its only able to connect to 192.168.0.1.
personal: Personal domain. Used to check personal emails, read rss feeds, stream YouTube videos, and internet banking.
repos: Local copy of my repos. Has a firewall rule to only allow connections to the site hosting my git repo.
uni-anon-resarch: Research for Uni.
uni-campus: Domain for doing Uni work on campus.
uni-home: Domain for doing Uni work at home.
uni-whonix: Seperate Whonix gateway for Uni research.
offline-archive-manager: For managing the offline archives that I burn to DVDs.
personal-archive: Exactly as it's named.
sys-whonix: Default Whonix gateway ProxyVM.
vault: For storing GPG keys and other files.
vault-dvm: DVM with no internet access. The Vault VMs use this as their DisposableVM.
work-archive: Storing work archive documents (payslips, employment information, etc).
Phone: Motorola Moto G5s running Lineage OS 16.0 Pie no G-Apps or micro-G with the following Apps: - AdAway: Open Source hosts file-based ad blocker. (Requires root.) - AFWall+: Linux iptables front end. (Requires root.) - Amaze: File manager. - andOPT: 2FA app. I like it since it can export the entries to an AES encrypted file. - AntennaPod: Podcast manager. - AnySoftKeyboard - Simple Calendar - Simple Contacts Pro - DAVx5: CalDav syncronization with my calendar on my Posteo email account. - F-Droid - Fennec F-Droid: Web Browser. Has the same Firefox addons like on Qubes minus Vim Vixen. I used the app Privacy Settings to configure the about:config. - KeePassDX: Password manager. - KISS launcher - Magisk Manager - NewPipe: YouTube app replacement. - S.Notes: Standard Notes. - OsmAnd~: Maps and navigation. - Red Moon: Blue light filter. - SELinuxModeChanger: Exactly as it sounds. (Requires root.) - Shelter: Work profile manager. - Signal: Messaging. - Vinyl Music Player: Music player. - WireGuard: VPN protocol frontend. Is configured to use my VPN account. Is setup as an always-on and connected VPN. As mentioned, I use Shelter to manage my work profile. In it I isolate the following apps: - Clover: *chan browser. - Orbot: For routing apps through Tor. Is setup as an always-on and connected VPN. - RedReader: Reddit client. - Tor Browser Over the last several years, I have started using my phone less and less and taking advantage of less of what it has got to offer. I don't check email on my device. I have no real need to browse the Internet on it outside of watching videos using NewPipe, browsing Reddit, and various *chan boards. On the Smart Phone side of things, I am considering purchasing an older used iPhone SE or 6S for use with MySudo when outside of my home as well as an iPod Touch for use on WiFi only for use inside my home. The iPhone would be kept inside of a faraday bag when I am at home and not using it. It would also be kept in the faraday bag whenever at home to avoid associating that device with my home address. The iPod Touch would be used for MySudo calls instead. Future outlook and plan for my privacy and security: To avoid as much deanonymisation of my privacy as possible, I'm only going to specify enough so that anyone reading this can get the jist of my situation in life. I am quite young (age 16 to 25) and I started along this privacy journey when I was even younger. I was never a very heavy social media user, however I did have an online presence if you looked hard enough. My name fortunately is a very common and short name, so that does help to bury information that I was not able to remove further in the vast trenches that is the Internet. On the digital side of things, I mentioned that I have a dedicated Crypto AppVM for handling crypto currency transactions using Bisq. I have setup a dedicated bank account that I have periodically been transferring money into so that I can trade crypto. Unfortunately, I do not live in the US, so being able to effectively start trades with others is more difficult. I also do not have access to a credit card masking account like privacy.com (that I absolutely would use given the ability). I plan on getting an anonymous VPS to host my own Tor exit node for better speeds and to mitigate the possibility of malicious exit nodes. The country I live in has been a proponent of absolute dragnet surveillance on all activities occurring online and in real life, though the former is far more visible on this subreddit. I will be using crypto with cleaned Bitcoin (as seen with ProgressiveArchitect's setup) for purchasing my VPN service, etc. With future hardware, to replace my aging laptop, I am very hopeful for Xen, then eventually Qubes OS getting ported to Power9. When that happens I'll be getting a Raptor Computing Blackbird as a desktop. Maybe in the future I'll get a Purism Librem laptop, but for now my corebooted X230 works perfectly for my use cases. On that note, I have successfully build the Heads firmware for the X230 and I was able to get the minimal 4MB image flashed on my laptop. I did revert it back to my coreboot setup after playing around a little with it, and unfortunately I haven't had time since to do a full, complete flash of it. On the physical/real life side of things, I plan on making use of various Trusts in order to hold assets, say to keep my name from being immediately visible on the title of my car. As of right now I am fortunate enough to have the title of my car under the name of someone who I trust. Unless I am legally required, and where there are immediate and absolute consequences, I use fake names in real life. With Uni, I am enrolled under my real name and address. This is a requirement and it is verified, so there is nothing that I can realistically do about it. As for other services, I plan on setting up a personal mailbox (PMB), etc if possible to use as a real, physical address that is associated with my real name and that is used for things like Government issued ID. In the future when I move again, I plan on renting a place in cash to try and keep my name dissociated with my real address. For those looking for reasoning on why one would want to do that, please read How to be Invisible by J.J. Luna. It's truly the Bible of physical privacy. At this stage I am just going off on a ramble, so I should cut it short here. I have just started and I live for this shit.
Chapter 0, Chapter 1, Chapters 2,3, Chapter 4 - 5.4 Chapter 6 One of the main reasons suicide is so upsetting for people is because of finances. Dying is really quite expensive from burials to funerals, to receptions; then there are the accessories that come with death: having your corpse beautified, the nice wooden bed they make to lower your body into the ground, and the cute stone head that has your date of birth, date of death, and name on it. And someone has to get paid decently for these things, as dealing with dead bodies can be troublesome for a lot of people. So these expenses add up, and when you kill yourself you tack on a slew of unexpected debts that someone will have to pay for, it just won’t be you. He chose to treat his death a little differently. At her workstation, Bell has a distinct coldness in her voice. She swivels around in her chair absent-mindedly, half- heartedly hoping that somehow an Earthly force would relieve her of these arbitrary responsibilities. She begins to space out, as So Many Details by Toro Y Moi blasts off of her Alexa. Revisiting her past life before meeting Him, she remembers always being curious about exploring the world and getting to learn more about how the human mind worked in a collective form. Their first meeting was one where she found herself unable to reign in her curiosity. Even during His prepubescent years, He was clearly the master of His own universe, figuratively, and she picked up on this immediately. They spent the entire night, until their bedtimes at least, getting to know one another. Finding and appreciating both similarities and differences right off the bat probably had a lot to do with the relationship they shared. But Bell’s existence was also necessary. Although she is blissfully unaware, her companionship with Him is what sparked His deep dive into answers for reasons of existence. She holds herself morally and emotionally liable for His suicide, consistently flashing back to the last words she said to him while he was alive: ““You never loved me, if you do this, you could have never loved me.”” Thinking aloud, startled by the sound of emotion in her own voice, “So stupid. I’m so stupid. He tells me this is His last day on Earth and I immediately tried to emotionally blackmail him. He really prepared all of us for His departure, but I was never ready to let Him go. I still am not ready, but I know He loved me and I loved Him so I will follow His final instructions. Alexa, activate Protocol Stardust.” “Searching... Protocol Stardust located. My condolences, Bell.” “Thanks Alexa but He recommended I turn down condolences. He never wanted people to be sad over His death...” “Protocol Stardust... 10% Loaded.” “I just really can’t believe it’s actually happening. I would make a bad habit of indulging with Him in His laughter when we talked about it.” “Protocol Stardust... 30% Loaded.” “I mean, who thinks like that? Who even jokes like that? To have your body cremated is one thing, but then to have your ashes spread out into space?” “Protocol Stardust... 50% Loaded.” “And then the Bastard went and accommodated Himself. Every time someone would mention the implausibility of His plan He was so calmly confident He would be able to achieve it before His last day.” “Protocol Stardust... 70% Loaded.” “Of course He succeeded. All of our fates were sealed when He talked his mom into getting him his first Raspberry Pi. He cashed out in cryptocurrency and had been living on His own time ever since, like some character out of a movie.” “Protocol Stardust... 99% Loaded.” “I miss you so much.” “Protocol Stardust Ready to Execute. Please Provide Final Voice Confirmation.” The glass finish on her iPhone X felt impossibly smooth in her palm. She chuckled to herself slightly, thinking back to when the iPhone X was first announced and how He had lost His cool that Apple stole the aesthetic from his niche YouTube channel to market the new phone. She knew no one would believe Him, but she genuinely did. She was right to, because maybe they did, but now it seemed like an even greater injustice against His reality that she didn’t fight harder. It wouldn’t have been what He wanted anyway. She positions her phone's camera to catch enough of her facial profile to utilize Face ID. Gently tapping the screen with her thumb, as if to nudge the device awake, the screen glows bright yellow with the custom parallax wallpaper He had designed for her. The text was placed perfect center, reading out ‘“DEATH IS ARTIFICIAL”, with a 1 px fill line striking through the circle of letters, highlighting a hidden message: ‘”DEATH IS ART’”. Chapter 7 “I can’t believe this shit.” “Honey, relax. You know He’ll make you whole.” “Please don’t refer to Him and holes in the same sentence.” “You're being immature. I know it’s still touchy.” “I really didn’t think it would bother me as much as it does. I love Him but He takes it too far.” Blood recirculating into his wrists, Ohsa rubs them gently with his index and middle fingers to soothe himself, because of both the grueling discomfort he had just endured and because of his own doubts if his Friend would be okay. “Thank goodness you reminded me we were out of pesto sauce. Who knows what would’ve happened if He saw me.” “What’s that supposed to mean?” “It means he could’ve tied both of us up and left us here.” “Oh.” “This is the last time I go through this: I was down with the orgy but as soon as He got close to me my senses were completely overwhelmed. His words felt like silk flowing into my ears, and the way He smelled – my God His smell,” “...You said you had felt like you had become a different person.” Catching herself she resumes, “Yes but no. Now that I think about it, it wasn’t that I was a different person. I was still me, completely me, rolling me, but He was just purely irresistible in that moment. Whoever slept with Him, though, was not the woman that loves you.” “How do I know you’re not lying?” “Because I’m trying to communicate with you about it, as opposed to shifting blame. Listen honey, He fucked the shit out of me in the middle of an orgy of people. I can’t stand here and pretend like it didn’t happen or I didn’t enjoy it or I had been so drugged up I didn’t know what I was doing. But when it happened it did, and I was there.” “What the fuck. I can’t think about this right now. What the hell happened out there? I felt two separate explosions while I was tied up.” “He destroyed the elevator shaft and the entire left side of the hallway, including part of the door to the stairway. My Twitter Moments feed is saying at least 4 SWAT officers are reported to be in critical condition.” “What is He thinking?! How is killing cops supposed to help His cool down??” “Don’t you think He’s been acting a little too wild lately?” “I’ve seen Him comeback from worse, honestly.” “Worse than a killing spree?” “No, I meant drug-wise.” “Was He high when you saw him?” “He was definitely on the comedown. I don’t think He was actively stoned but he wasn’t entirely sober, either.” “Well, regardless he was clear-headed enough to stay ahead of the cops.” “Cops are fucking idiots.” Chapter 8 We never know what the future is until we get there. We like to imagine it as augmented reality everywhere, digital on top of reality, seamlessly intertwined together, persisting without being invasive. The truth is, the future is now. All time, past, present, and future, all exist tangentially and concurrently to each other. The 2008 American Recession hit Bell’s parents where it mattered the most: Their bank accounts. It hit at the least opportune time, right as they were preparing to make a class transition from poverty-level to lower middle class. Not only was their savings obliterated, but their morale too. Maybe this spiritual blow was exactly what she needed, maybe it was another unnecessary inconvenience that came with simply trying to exist as a human, but earlier that year she had her first meeting with Him. Even as children, Him and Bell always had a special connection. Everyone around them could see as clear as day, that these two were in love, even before they knew it for themselves. Almost a year ago to the day, He had made a discovery. Bitcoin was going to crash, and it was going to crash hard. It was clearly being inflated by whales who were egging on spectators but He correctly assumed that the dramatic rise had gotten way too out of hand for anyone to control. Come end of November under the guise of Christmas spirit he traded all of his leftover Team Fortress 2 hats, convincing other players to complete trades in crypto, tricking those who were ignorant to the true value of BTC. He had already amassed a sizeable enough wallet during His early mining days but that extra week of trading is what took him from safety to comfort. In literally the exact moment the BTC exchange rate was estimated at $20,500 for one coin, he cashed in his entire wallet of 14,634.14163414 Bitcoin, becoming a multi-millionaire overnight, having earned a net worth just shy of $300 Million USD. He excitedly made his first phone call of the night reaching out to Bell. “Hey Siri, call Bell.” “Calling Bell – Mobile” “Hey, what’s up?” “Not too much. What’s up with you?” “Oh nothing, just getting ready for bed. I have work early in the afternoon tomorrow but I want to try to get to the gym in the morning. The only way I won’t be exhausted is if I go to sleep now.” “Yeah, that's cool. Hypothetically, yeah, if your time wasn’t filled up with working a menial job, what would you do?” “Honestly I’d love to finish getting my Graduate’s degree, maybe go back to China. I loved my time in Undergrad but it was so tough that I really needed a break. It’s just been so jarring to me how difficult it’s been to get back into academia now that I’m in the real world, you know?” “OK.” “What’s up with you? Got some exciting plans for the night? You always have crazy shenanigans under your belt.” “I swear it just happens to me by accident, but yeah. I’m planning on blowing someone’s mind tonight.” “Ooh lucky them! What’re you gonna do? A surprise visit? Or buy them a gift? Or is it a secret?” “It won’t be a secret much longer, I just wanted you to know first.” “Know what first?” “I’m filthy rich Bell.” “What?” “I’m sitting on a few hundred million dollars.” “WHAT?” “What country are you from?” “What?” Getting comfortable with his Samuel L. Jackson impersonation, he raises his tone: “’What’ ain’t no country I ever heard of! They speak English in ‘What’?!” Familiar with the reference but still reeling from the news, Bell plays right into his prank. “...What?” “English motherfucker! Do you speak it?!” “Yes!” “Then you know what I’m saying?” “Yes!” Getting as far as he needed to with the joke, he lets out a boisterous hearty laugh and continues the conversation, back to his usual austere speaking voice. “Relax, love. Quit your job. Enroll in any school you want. Find a new apartment. Order a mani-pedi to a five star hotel, and then stand up your appointment to go to the casino. Your old life is over.” Thumb to screen, end call. Before the Phone app can finish spelling out “call ended”, he quickly double taps the home button, finding his Messages app open right behind Notes and Voice Memos. A single text to Bell goes out; to let her know that this is the difference, this is what separates the wheat from the chaff, to let her know that she is now wheat and no longer chaff: “Painted ultrapure white walls triple coated, a high ceiling, in-wall light fixtures, foliage incorporated into the architecture, soft-close furnishings, and lastly location, location, location.” Bell takes a moment to read the text. Her mind still, but her heart beating faster, the news truly settling in for the first time. She begins to sob uncontrollably.
I am so sorry BCH community, please accept my apology.
I'm sorry BCH community. I always thought this was just another scam. I've falling for all the brainwashing online and never believed in anything other than bitcoin. It's been easy for me to believe what I wanted to believe and I'll explain why I wanted to believe in BTC. I first heard of bitcoin 6 years ago and I shrugged it off as being something that's pointless, each year after that there was another article that caught my eye about the huge rise in value, everytime I saw it (not lying - every year I saw it), I thought damnit! I should just have bought it, but I guess it's too late now. A few years later I bought some Ethereum, it was VERY cheap so I bought it, even though I didn't understand it at all (it was very cheap, I bought hundreds with the hopes that it will do what BTC did), I completely forgot about it, and two years later a friend told me ETH was $400 - I rushed to open up my wallet and sync it and realised I don't remember the password, this would've been worth millions, in otherwords I would have had true freedom. I spent around 3 months researching ways to try and recover my password and eventually realised that there is no way, at this point my mac got extremely slow (I blame Sierra) and I had to format / reinstall it. I figured there's no point in taking a backup of the eth directory as I don't have the password to decrypt the wallet anyway, so I nuked it and said goodbye to my freedom. Now, fast-forwarding, me and my girlfriend are switching phones (she wants and iPhone, I want an Android), the next step for me was to move all my data from the iPhone to the droid (Google Authenticator, mail accounts etc.) as I got to my Notes application I found a note containing my ethereum wallet password. I cannot explain to you how sick this made me feel, even just thinking back about it now is making me feel queesy. I could have had true freedom, I could get myself, my girlfriend and our child out of South Africa to be in a better country, with lower crime rates, less risk of my rape - better education etc. I could have said goodbye to all of my stress and worries - the long 16 hour work days, it would all have been gone, but I screwed it up - twice. This made be feel sick and I stayed away from crypto for longer, last year (2016), was the year I decided that I am sick and tired of worrying about our futures, sick of worrying about a robery or a hijacking, sick and tired of long working hours and almost 2hour long commutes on a dangerous freeway. This was the year that I would get into crypto. The first thing I realised is that my reasoning for entering crypto was to seek financial freedom, I didn't just want to buy and hold a currency, I wanted to help the community and make some money doing it, so I took a loan - and built a rig (cheap GTX 1060s) - so far it's helped a lot, the money I've been mining helped keep my nose above water. I haven't been able to pay off the loan yet, but atleast the monthly expenses are all covered. I decided to keep money aside and save it (instead of buying new cards every n months) into a type of savings account, where I'll keep it until it's enough to build another rig, the second rig will help my pay off the loan, but there's no point in spending the cash on parts that are useless on their own. It worked out pretty well, but unfortunetly even after the doubling of BTC price, it's still not enough for a new rig - however I believe I can get there, the reason I wanted you guys to be wrong is that you were a contradiction to everything I was led to believe the last couple of months and this project (the reports of the "flippining" threatened my survivability). This latest "dip", hurt a lot, where it went from $20k to $14k - I was close to buying the new rig, I was actually trying to move my BTC from my wallet to Luno so I can sell it - and I saw that my transaction fee was huge, the fee was something like ZAR 1600+, I just couldn't spend it - so I decided to keep holding until Lightning was implemented, and now it dipped - hard :( So I'm still left holding the bag. I was hurt by these fees, so damn much that I couldn't get my cash out - and I realised how bad it is, I also realised that at the very least Segwit2x could've been implemented to relieve some of this (or atleast minimize the effect), but it just didn't get implemented and I feel that it's disgusting, do they not realise by ignoring the original 'Peer to peer cash system' use-case that some people are getting very hurt through this? I mean - what's the point in a "decentralised" currency if it can be controlled by a central authority (blockstream) - and they hurt the consumers, why didn't I just use a bank to store my savings for my new rig, it would sure as hell have hurt alot less (TX fees to send from Bank to computer shop would have been around ZAR 6 ffs). Now, I know this is longwinded, but I would like to apologise for thinking every BCH supporter is an idiot/liescammer, the only thing I can say is that I didn't understand it - I didn't understand what you guys were so upset about, until now - and I feel terrible for the few downvotes I made, I feel sorry for saying something like "don't support evil people" when the BCH crowd is trying to keep BTC from collapsing. I feel terrible about it, I really do. I hope you guys can forgive me, I truly do - I will try my best to educate myself and help others, I will make it my mission. The only thing I ask now of the BCH community, is if someone knows of an easy/cheap/safe way to exchange my BTC for BCH, without those huge TX fees, I am sorry to ask, I know I don't deserve your help, but I'm desperate and running out of time, I'm starting to feel the pressure and I need to get rig x2 up as soon as possible, before life becomes even more uncomfortable. Thank you for taking the time to read my apology.
My Life of should've, would've, could've, but didn't : Why I love Crypto Currency
Mostly all here are invested into Crypto. We all have our own reasons, methods, values of how we invest our money. One thing in common is we all have one main goal. That is to get as much money as possible out of this with the time, and money we can spare. That's the dam truth. We are all here together, and since we are all here on our own will , I want to tell you why you should be proud to hold all your crypto. I'm 38 years old. At 18 after I graduated HS I had about $7800. $1400 from my graduation party, and $6400 selling my MTG collection on EBay. I also managed a small arcade for about $400 a week. Back to my MTG collection. I sold it because it changed. The designs on the new series looked too modern . the original designs were a work of art. Anyway, I seriously wanted to hold those magic cards but I kept telling myself "I can get them back if I want. The price isn't going to move anytime soon. The market is in a decline. Some of these have been the same price for 2 years now." I was right, the price of my two Lotus's stayed the same for 5 more years. Not budging . 12 years later after that , those same two cards value at over $60,000 . my entire collection would of been worth over $250,000 if I held. The same goes for all the first edition garbage pail kids I had. So , what did I do with all $7800? I told myself I want to invest it into Microsoft . But I talked myself out of it by saying "Some people told me the market was a risk, and I had to prepare myself to lose it all" So I didn't do it. I was close, but I didn't. I could of had almost a Million lol I instead used that money for a school. Business computer programming . lol It was a waste because 90% of what they taught me came natural. I was doing basic programming at 13 for fun. I regret not going with my initial FOMO on Microsoft , I regret listening to my own FUD with the MTG cards. 7 years later, I had about 15k, I wanted to invest 10 k in apple after I read about the release of the iphone, but instead opted to do 5k over FUD I read about the risk since they never made phones. Then I said to myself "a fuck it, I don't want to do this. I could do so much more with this 5k" I instead used it to turbocharge my transam, and add a racing transmission, tires, new stero system , and I took a 2 week vacation ...GONE! I got what I wanted. Got laid a bunch of times, went to car shows. That could of been $250k now lol. To top this off, I missed out on a quick $78,000 win at the racetrack. Horses. I lost $200 I had $5 left. I did a completely wild bet for $5. I picked all longshots in a superfecta. Then 1 minute before the race I Cancelled the bet. I told myself ... "this is stupid, 78:1, 56:1, 33:1, 20:1 long shots coming out in this order? Fuck that, I'm canceling and putting $5 on the 10:1 to win . maybe I can get $50 back " Well. The fucking.. Lol it came out. 3 largest superfecta payout in history. No body won it. I hate myself for cancelling that. But hey, maybe that happened for a reason. Maybe I wouldn't have ended up living on another country for 2 years. Learning another language. You see So many times in my life I had the perfect opportunity , and I didn't take it. I let fear, uncertainty, and doubt make my Choices for me. Then came crypto currency. Last year, a client of mine told me he got rich off Bitcoin. He raved about it . He told me about ripple, ETH etc. I invested, I went through ups a downs. I gained massive amounts of money off my original $500. NO , never again I will tell myself... "IF ONLY I DID THAT WHEN I HAD THE CHANCE" NOW I NEVER HAVE TO SAY THAT AGAIN! I DONT GIVE A SHIT IF IT TANKS ANOTHER 50% FROM HERE. I NOW NEVER HAVE TO SAY ... "IF ONLY I DID IT" NOW I DID! Crypto Currency is severely undervalued. Its manipulated down right now. This about this logic, how can something increasingly popular with more and more support by the day drop in price? Crypto isn't human. Bitcoin isnt getting fired over sexual harrassement, there isn't a corporate takeover. Its manipulation. I don't care if this shit takes 5 years to recover. I'm holding . I don't care if BTC dips to $1000. I'm holding till this MCAP tops 10 trillion. so if you love your crypto, hold that F#%KING SHIT! The lesson here is never let FUD make choices for you. Stick to your own beliefs. If there's a voice in the back of your head telling you its a bad choice to cash out. Listen to that voice, that's your guilty conscious . That's you. Listen to yourself, not the new voice that intrudes.
“This person does not exist, huh?” Another empty Saturday of my recently unemployed schedule slides by without a thought as to appointments to keep. My finger slides endlessly through Reddit’s constantly generating front page, all concern to the content long gone. I tap the link and find a website that purports presenting randomly generated faces. I’ve not exactly the sharpest attention to detail so at first the randomly generated faces seem normal to me. Eventually, even the dimmest eye can begin to discern uncanny features on the randomly generated faces. Ridges over eyes are too pronounced and the skin appears wrinkled in some places and smooth in others. Irises differ in shape and size and sometimes even color. That’s just the little stuff. Refresh the page over again long enough and you start to come across aberrations such as glasses that don’t connect to their lenses or hats that do not cast a shadow. Scroll long enough and you are lucky to come across the blatant abominations of a soulless AI that only such a program could create. Facial features appear deformed and broken, melding into their surroundings in a discolored and melting mess. Companions of the photograph’s focus are inhuman monsters with mouths sutured shut and eyes that stare emptily into your soul. You know- basic computer fun. That being said, it grows old real fast to a mind that has been nurtured into a desire for instant gratification and a desire for entertainment. I click out of the new tab and go back to scrolling Reddit. The message hits my iPhone with a sharp ring and a notification box slips out of the top of the screen. Jay: Hey, can I borrow a phone-charger adapter? All mine are in use right now. I roll my eyes though its not exactly a great burden on my back. Me: Sure, but you need to come down here. I hear the ceiling above creak and squeak as my upstairs neighbor hoists himself off of his couch and walks across his living room floor. My apartment is an old building, full of the wear and tear of a building from a fading age, built in a rural area in expectation of local development that never came. I hear the upstairs door open and shut, and the stairs outside rattle with Jay stomping down the stairs. He knocks on the door twice and then comes inside without invitation. In the two years that I’ve lived in this apartment, Jay’s the only one that I’ve become on a first-name basis with. I’ve always had a hard time making friends due to general social awkwardness, but Jay seemed invulnerable to any sense of shame or ability to sense offense. Eventually, he wormed his way into my affections, despite being nearly ten years older, through sheer persistence and ignorance. “Hey man,” Jay says with a friendly smile that changes a bad case of resting bitch face to a welcoming warm glow. “Is it in your spare drawer?” Jay was an imposing man that was somewhere between muscular and chubby and had a pair of horn-rimmed glasses dangling from the collar of a dusty blue button-up. His hair was beginning to migrate from the middle of the top of his head to an ever thickening beard that would rival that of any philosopher. “Yup.” I nod, returning his gesture. “In the kitchen.” “Cool.” Jay nods and slips his flip flops off and walks into the kitchen at a near jog. “Hey, I’m going to Family Fare later, do you wanna go along?” I shrug, “Sure. I need to get some rice.” I go back to my phone and then glance back at him. “Ooh, some steak also.” Jay comes out of my kitchen with a outlet-USB adapter cradled in his left hand. “Cool, I’ll text you.” He begins going for the door before I interrupt him. “What are you working on today? You seem too excited to be designing a website for a church.” Jay’s smile returns with an intensity to rival the sun. “Oh yeah, I don’t think I’ve told you about it yet.” He holds out his hands, both flat, though his left one cradled the USB adapter under his thumb. “Alright, picture this. Only you are the one who knows your schedule, right? Or how hot you like your room at night, right?” He pauses enough for a half nod on my part, but quickly continues. “Alright, now imagine that you can clone a little copy of all your little likes and dislikes and install it onto a server that runs your smart home, after bundling it with an AI. Then, this little copy of you could do everything that you want to do on a digital basis, making your life way easier!” He stops and stared at my face. “Isn’t that the plot of a Black Mirror episode? Maybe a bunch of them?” I ask, blurting out the first thing on my mind. Jay seemed confused for a moment, then shrugged, “Is that the technology Twilight-Zone thing you keep trying to get me to watch?” I nod in reply and Jay gives me a sidelong glance. “They haven’t done it though, right? Like in real life?” “I don’t think so.” I say with a shrug. “I don’t even think they have the capability to design commercial AI yet though.” “I’m not concerned about what they can do.” Jay says with a dismissing wave. “The idea is still potentially profitable, right?” “I guess.” I reply and Jay’s smile returns. “But what about the ethical and moral problems of creating a being capable of understanding reality, adding a person to it, then trapping them into a role. Isn’t that similar to creating life just to subject it to slavery?” Jay holds both his hands up in mock defense without dropping his smile, “Woooah, Mister Philosopher over here. I don’t care about that stuff, come on. Plus I’m gonna create safeguards against that stuff.” “Whatever, man.” Shaking my head, I scroll back up to the link to the web page in my history. I open up the randomly generated face of an elderly Asian woman and then turn the phone around to show Jay. “Hey dude, what do you think of this?” Jay steps forward and takes the phone into his hand. “Looks like a face. Looks like its been messed with a bit on Photo-shop or something.” He turns it back around. “Like the nose is too elongated here.” He points to the left nostril. “What about it?” “Hit refresh.” I say and he taps the button. The page reloads and another face shows up. This time, its a young black woman with a companion whose face is distorted beyond any recognizable parameter as a human. “Wow.” Jay says and taps the button again. He tosses the phone back to me and it drops onto my lap, showing a picture of a redheaded man, smiling with a flesh-colored hat. “That’s crazy stuff right there dude, I wouldn’t mess around with it too much.” I smile, “What do you mean?” “Looks like a viral site or something. Trust me, just don’t mess around with it.” “Viral?” I begin as Jay slides on his flip flops. In place of his usual smile is now a gruff expression, him appearing lost in thought. I continue on, sitting up. “Isn’t iOS sand-boxed to hell? How would I get a virus from a site on Reddit’s front page without someone commenting about it?” “Trust me, Peter.” Jay’s rough tone takes me by surprise. “I don’t know very much, but I know what I’m saying when I say that you should stay off that page.” He opens the door and then walks out without another word. I snort and press the sleep button, letting the generated man’s face sink into darkness and drop the phone onto the floor next to the couch. Getting up, I head to the kitchen and begin sorting through my cupboards and refrigerator, searching for food items I’m going to need. Milk, beans, apples, etc. Knowing I’m going to need to make a list, I head back into the living room and snag my phone from the living room floor. After typing in my pass code, the man’s face reappears. I snort again while walking into the kitchen. I grew up with this stuff. It’s not like I don’t recognize a viral download when I see one. Where’s the Trojan download request, or pop-ups? I think to myself. I refresh the page again just for laughs. A smiling Caucasian smiles at the camera, fairly normal in appearance. There is, of course, a blue mucoid blob next to her in frame, but all in all there is nothing sinister or dark about this. No real Nosleep material, as it were. I close out of the tab and tap out a list of things to buy with my dwindling savings. Hopefully my unemployment would get sorted out soon. I’ve never gone on unemployment before and my father, who had some knowledge of the law, said my case seemed ideal for it. The thought of what Jay had said begins to irk me slightly. Does he think that I’m a dumbass or something? I need paper towels too. I tap that into my list. I know that I’m not great at detecting tone or hidden meanings behind words, but it seems weird that Jay would say that to me. Toilet paper? No, I’m good at that. Same as toothpaste and floss. I do need mouthwash, though. There’s no way that’s a virus. I think. Sighing, I finish up my list and open up Safari again. I navigate to the list of comments below the link. Scrolling down, I see no comments about malicious software or hackers or anything like that. Just Imgur links to disconcerting results and threads mocking the realism of the pictures. Setting down the phone on my coffee table, I grab the remote to my TV and flipped it on. Grabbing the GameCube controller hooked up to my Switch and turned the console on and try to idly explore Hyrule in Breath of the Wild, but my mind is occupied too much to be distracted. Minutes pass by and my mind begins to delve into all the bad possibilities, like that I had offended Jay, or perhaps he did really think I was that stupid- as my mind is apt to wander. “Ugh.” Groaning, I finally set the controller down and go to the door for my beat up hi-tops. Jay’s pretty hard to offend and he knows me pretty well, so he wouldn’t think it is too weird if I asked for clarification about his statement. I walk out into the hallway and close the door behind me. Sure is cold out today. I think, even though a quick glance to the double glass doors at the front of the complex confirms they are both shut. The trip upstairs is quick and I knock on Jay’s door. “If it’s Peter, then come in!” A voice calls from within. Opening the door, I step into an apartment far more cluttered than my somewhat minimalist interior design. Stacks of manuals and technical magazines clutter the floor, intermixed with CDs in jewel cases and USB sticks. Old laptops are stacked on top of computer towers along the back wall on either side of a couch that is clear enough for a blanket and pillow, both of which are oddly neat and folded. In the center of the living room are three plastic totes spilling over with green computer components, neatly bundled cords and wires, and random adapters and such. As long as I’ve been friends with Jay, I’ve never actually set foot in his apartment. I’ve seen the inside, but we always hang out at my place. “Jay, where are you?” I call out over the quiet hum of box fans spraying cool air all over the room. The window is open, despite it being winter. “In the bedroom!” Jay replies and I head for the door before Jay steps out and shuts it behind him. In the glimpse that I have of his bedroom, I see boxes on shelves with blinking lights and neatly arranged cords that I can only conclude is some kind of server setup or something. “Jeez man, are you mining bitcoin or something?” I ask half-jokingly, but Jay shakes his head. “Naw. That become unprofitable a few years back. What’s up?” “Listen Jay, I was just wondering about what you said. I don’t want you to think I meant offense if I offended you about-” Jay interrupts me with an upheld hand. “I figured you were coming in about that. I shoulda phrased it better. I’m sorry.” He says with an apologetic frown. “It’s nothing.” I reply and pause, “But what is so wrong about that site? I couldn’t find anything about it. I mean, it just seems like...” I trail off, waiting for a response. Jay sighs and shakes his head, “Listen, you don’t like math or stuff like that, right?” I shake my head but continue before he says anything, “No, but I’m pretty curious about this.” Jay looks away reluctantly and then speaks. “Okay, listen. The site that you showed me has a program that generates a randomly-featured face, right?” “Okay?” I say. Jay moves to the couch and grabs his pillow and blankets in a nice stack. He removes them to the top of the plastic totes and takes a seat. After waiting for me to sit, he continues, lacking any of the excitement that he usually gets about technology. “When the program blends faces together, it gets what appears to be on the surface, a new face. Depending on the sample size of the data fed into the database the program pulls from, any type of face could be generated. The number of possibilities goes up with each entry into the system.” “So what?” “So, if a large enough sample size exists, and a large enough amount of randomized features exist, then the output has, for our purpose, an infinite number of possibilities.” “But it’s not infinite. For it to be infinite-” Jay interrupts me with a nod, “Yeah, yeah, but for OUR purpose, its infinite.” “Okay?” “So eventually, given enough time, the system will generate a face that is identical to a face that is in reality, right? Even with all the distortions and whatever, eventually one will get created, right?” “Given enough time.” I quote him back his own condition. “Yup. The more people messing with it, the more that it has the chance to output a real value.” “So why does any of this matter? Are you gonna tell me the person stops existing?” I begin to chuckle but stopped when I see him shaking his head sadly. “What, Jay?” I tease, less joyfully than I had. “You superstitious?” Jay reaches into the pocket of his sweats and pulls out an iPhone. Typing on the screen, he quickly pulls up the website and points to the URL. “You see the name of the website?” “Yeah. What about it?” Speaking with a shrug, I watch his face grow deadly serious. With a few taps, Jay opens a window to the side of the website filled with what I surmise is the code for the operation. “Do you see all this?” Jay taps a few places on the text-filled window and then flips it to show me a bunch of meaningless brackets, colons and equal signs intermixed with words. “Yeah, its just code.” “Okay.” Jay says. He taps something on the screen a few times, sets the phone down and mumbles something that sounds like “I guess I trust him.” He reaches forward and taps me on the nose. “Boop!” A small shock that feels like a static discharge burns my nose and I recoil.” Ow. “What was that for?” I calmly ask, beginning to grow pissed off. Without a word, Jay lifts his phone and shows me the text window. Strange symbols and letters formed from slashes and grammar symbols appear to be intermixed with the code now. They seem almost to project themselves from the screen in an odd mimicry of a 3-D movie. It’s hard to see the text behind it, or even anything as my focus is locked onto the floating runes. They seem to float out of the screen, growing brighter and brighter as reality grows dim. Then Jay shuts the screen off. I have to blink a few times to clear my vision of the etched symbols. “Wow. Wow. WOW.” I begin to stutter out, but Jay snaps his fingers in front of my face to reclaim my attention. “I might as well go all the way.” Jay says with a shrug. “The name of the website is something called a ‘True Statement’ in that it is unconditionally true. It’s always true that the output of the website does not exist. So if the output is a real person, than that person ceases to exist, with all effects and differences they’ve made in reality changing with them. Reality has already changed six times since this thing was created. When you showed it to me, it seemed off so I came up and checked the source code.” “What? What do you-” I interrupted, but Jay kept speaking. “These symbols are, at a basic level, magical spells in the code that do stuff. This was created by someone bad.” “How do you even know all of this?” I asked and he shrugged. “I’m good with magic. I mean, technology makes it way easier than it used to be. I stare at him stunned. I regret the first thing that rolls out of my mouth. “So I guess you could say you are a tech wizard, huh?” Jay stares at me, mouth hanging open. “Are you serious?” He stands up, gesturing with his hands frantically. “That’s your response to this? A pun?” He puts his hand on his forehead. “I was freaking out about someone finding this out, but...” he trails off. “So now what?” I ask. Part two here: https://www.reddit.com/nosleep/comments/arnhwt/tech_wizard_part_2/
(Rant) Apple ID password retrievals are the fucking worst
My old IPhone died. How the fuck am I supposed to use it to verify my login on my new second hand IPhone!? Whatever happened to emails goddamit? And who the fuck makes signing out of an account require a password? Is this what they call their “competitive edge?” Is this their big new thing? I’m going to work two full time jobs, babysit all the kids in my neighborhood, walk so many dogs you’d think I was Dr. Doolittle, sell a kidney to the black market, mortgage my other kidney, and mine bitcoin just to buy two Samsung whatever the fuck they’re called just to spite this bullshit company and this bullshit logic. You’re supposed to shove all that silicon in breasts or chips Tim, not your goddamn head!
I’ve been in and out of vert for the past few months, but I started mining vert again yesterday for a few reasons. 1.) I had some time to think and I really questioned to myself what really gives an item in the world value. I can have the rarest baseball card in the world but it’s not worth anything unless there is a buyer. This got me thinking about how important community is. Vertcoin is 30,000 strong on reddit, which isnt bitcoin level but there are a ton of cryptos with less than 1,000 subscribers. If there is no one talking about it in public, why would I want to invest my money into it outside of the small chance of a moonshot? And enough with the “join our slack that’s where the action is” crap. 2.) I routinely see developers on reddit answering concerns and talking to the people. (Etang comes to mind). But that’s not all. There are members of the community creating legit exchanges for vertcoin! This really sold me when I read it. Community involvement with creating something as small as a bottle opener to creating something as large as an exchange will create more infrastructure which will help vertcoin persevere through the hard times. I know you all read everyday the hype surrounding the next coin on coinbase. “To the moon for Monero, Zcash, etc. as soon as they get listed!” There is truth to this statement, because in all honesty most Mom and pops have no interest in sending litecoin to bittrex to trade for their favorite altcoin. Direct on ramp from fiat to crypto is a huge bottleneck for crypto success at the moment and that’s exactly what vertbase is doing. It’s such a bullish sign that no one has heard about yet. I honestly haven’t read any other crypto that has on ramp fiat to crypto in their roadmap. 3.) Mining is easy. I know pow has its issues, but for mainstream adoption the fact that most can get coins from their pc and get in the crypto game with no money involvement is fun and exciting. Say what you want, but I got started in crypto because it’s fun and I can make money with my pc. Simple as that. I think this gives POW a nice advantage over pos systems for entry level enthusiasts. 4.) I cant stress community enough. Sure vertcoin isn’t as fast as raiblocks... yet. Technology can advance but community has to support it. If the community dies the developers will have no incentive to continue. Think of world of Warcraft or league of legends. The games are ancient in comparison to the newest games with 4K graphics but they stick around because their communities are so huge. I honestly think this is why dogecoin has so much success. Laugh at the memes all you want, but community drives adoption and it wouldn’t surprise me to see dogecoin survive the long haul. I’m not really sure why I decided to write this post (it’s my longest post ever on reddit) but the moral of the story is community to me is the biggest influencer on the longevity of any crypto over current tech. Parting thoughts: The first iPhone didn’t have 4K video and damn sure wasn’t waterproof. Tech can advance.
Bitcoin enthuthiast has a meltdown after meme accuses him of being a pedophile and of cheating others out of what would be their money. (apparently unironic)
How it actually happened: This is Ann. Ann started her career at 16 when she blew the manager (a creepy pervert who forced her into it, she #MeToos to this day) at the local grocery store so she could immediately get a position as a cashier instead of having to start off in the storeroom stacking boxes "like some Chinese slave worker". Ann, who believed in "treating" herself for her hard work, did not save any of the money she earned, instead spending it on expensive clothing, fast food, movie tickets, smartphones, and nights out with "the girls" (as she never paid while on an actual date). Her parents took care of the bills anyway, so who cares? It's okay though, because Ann was able to get financial aid from the government to attend the university of her dreams and study sociology, because "I'm, like, just so interested in how society works and how white men oppress women and are so racist and stuff, you know?" It only put her $100K in debt too. "You can't put a price on the college experience," thought Ann. Ann did no research on what degrees were in high demand before deciding on her major and sadly, "due to the patriarchy undervaluing the so-called 'soft' sciences" Ann repeated (as her women's studies professor had told her), her sociology degree did not open up as many doors for her as she'd hoped. Luckily, however, one of Ann's old beta orbiters became the CEO of a new tech startup and, after finally hooking up with him a few times (her little secret from her then boyfriends Tyrone and Jamal), she was able to snag a position as their chief diversity counselor. "Good thing that fat black bitch who tried to steal MY job was too full of fried chicken and gravy for any man to want to fuck her," she tipsily joked about the only other applicant (always forgetting to squelch her offensive quips when drunk), eliciting howling guffaws of approval from the pack of thonged, dyed-hair hyenas that surrounded her at the local bar in celebration of her new job. "Bartender, get us another round of appletinis!" Ann boomed. Cheers abounded. Life was good, Ann's salary was high, and her mortgage for an $800K home in the Bay Area was approved. Unfortunately, it was eventually revealed that her company's "enterprise cloud blockchain solutions" were actually vaporware. It lost its VC funding and was forced to shut down. Poor Ann had to leave her dream home, accept a lower paid HR assistant position at a boring non-tech company ("They make plastic water filters or something. I don't even know."), and move into a mere 3 bedroom apartment. "We're told to save," wrote Ann on a piece of paper that she posed with in an image posted to her Instagram, "but Oreos and Netflix are the only comforts poor people like us have. Don't we deserve nice things too? I AM the 99%!" Ann's looks are already starting to fade due to ravages of a rough Haagen-Dazs by day/party slut by night lifestyle, and, though she'd never admit it to herself, she can tell that her "feminine charms" aren't as effective at creating opportunities for her as they used to be. Things have started to sag that never sagged before and even a Sephora warehouse couldn't get rid of the bags under her eyes. Strolling down the sidewalk, she takes a sip of her daily Starbucks triple pumpkin dessert cocoaccino latte (only $27 and 1500 calories, and don't even think about talking to her her in the morning until she's finished it). "I guess there's just no way to escape this male-dominated society where sexist techbros live in the lap of luxury while marginalized people like me subsist on crumbs," she thinks to herself as she steps over a homeless man. Meanwhile... This is Bob. Bob was bullied by the other kids at his school (like his first crush Ann) as a child for his slightly odd-looking face. This caused him to retreat into the more anonymous world of the Internet where nobody could know his appearance. The other kids mocked him for that too, and his parents didn't understand why he'd want to "waste" his time talking to people he "didn't even know", but he ignored them. It didn't entirely cure his loneliness, but it did expose him to ideas and opinions that he would not have otherwise explored. Sure, he went through an embarrassingly self-righteous atheist phase as a teenager, but ultimately he developed into a sharp free-thinker with nuanced opinions. Bob found out about Bitcoin in 2012 from a Linux forum he was browsing. Already a firm believer in privacy, cryptography, decentralization, and technological freedom in general, the idea of Bitcoin immediately excited him. After carefully considering the economic viability of the concept, he concluded that Bitcoin's deflationary issuance curve and the possible applications of an enforceably scarce digital asset made it a worthwhile and likely quite valuable investment. He thus resolved to accrue as many of them as possible in order to save for his future. He cut down on his favorite hobby of gaming, reserving his GPU cycles for Bitcoin mining and his Steam sale money for buying Bitcoins instead. His IT job didn't make much and his one bedroom apartment wasn't cheap but he always found a way to set some money aside to expand his growing cryptoasset portfolio. His enthusiasm for Bitcoin was endless, and he wanted to share the positive potential of it with the world too, so he wrote guides, created infographics, and made YouTube videos about how to buy, use, and mine Bitcoins. Due to his efforts, thousands of people were able to get in on the craze early like him. Parents created college funds for their children. Young adults his age secured their financial futures. Impoverished folks in oppressive shitholes learned how to transfer money via their smartphones to avoid their corrupt governments confiscating it. He even endured the eye-rolling and snickering of his family members at Christmas time to make sure that they were all gifted a bit too. "Gee... thanks." The 2013 crash crushed Bob. He considered recouping as much of his money as possible and exiting the Bitcoin world permanently, but ultimately decided against it on principle. He had taken a risk and was sticking to it. He still believed in Bitcoin. Bob's bet on Bitcoin has paid off. He is now a multimillionaire, at least on paper. Other than a few donations to various organizations, his Bitcoins have stayed in the original addresses they were first put into. After all, he is still prudently considering exactly how to spend and grow his newfound wealth, and since he's now the manager of his company's IT department, his salary more than supports his modest lifestyle by itself, so he's in no rush to "cash out". While trying to chat with Ann on a whim after running into her at a grocery store, Bob mentioned Bitcoin to her in 2012. It made her finally look up from her phone. "That's the dumbest idea I've ever heard of!" she shrieked. She would know too, she thought, since she's a college-educated woman, unlike Bob who had skipped college because "government subsidies have distorted the higher education market and lowered the value of a college degree" (as if using fancy words made him smart like her). Nevertheless, he persisted, offering to show her how it worked and even set up a wallet for her. Bob's Bitcoin evangelism could certainly be a bit aggressive at times, but he meant well. He would gladly send 10 or 20 dollars worth to anybody who wanted to get started. She responded that he was creeping her out and needed to buzz off before she called security. Of course she wasn't really going to waste such an effort on this harmless loser, but she just couldn't stand hearing his nasally little voice anymore. He probably just wanted to creepshot her yoga pants anyway. Briskly sauntering away, she giggled to herself: "How could a file on a computer be worth anything? I could just copy and paste as many 'BitCoins' as I want," she concluded, forgetting about the idea as soon as she had first heard of it. Plus, her company was already working "with blockchain", which its CEO had told her was the only important part of "BitCoin" anyway. "He has actual money too and not just fake Internet coins so he clearly knows more than Bob." Ann took slight notice of the 2013 bubble, but she was too busy moving into her new home then to pay much attention to it. When Bitcoin was hacked and the government shut it down (as Ann interpreted events), popping the bubble, she texted Bob: "Told ya so." There was no response. She figured he had probably already killed himself or something. Oh well! She had to get out of her sweatpants and ready for the club anyway so she didn't have time to worry about it. In fact, she didn't have a single thought about Bob again until... In 2017, Bob once again crosses Ann's mind. The network miraculously revived, one Bitcoin is now worth over 10 thousand dollars, and Bob is almost certainly loaded. She stares at her phone, thinking of how to best break the ice with him. "Hey Bob I just wanted to say that I'm sorry for some of the things I said to you in the past and how I treated you when we were kids and all. I know this is out of nowhere but I'm just kind of feeling guilty lately soo.... maybe we could meet up sometime and talk about it?? You could tell me more about those bitcoin thingies you we're so excited about back in the day haha" Again no response comes and she whips her iPhone X on to the bed in frustration. Retrieving it, she switches over to Safari to look Bob up on social media, only to find that he's dating a shy 18 year old Finnish girl he met online. "That pervert!" she gasps as she glances over the girl's milky skin and youthful face. "She is WAY too young for him! He should want an ACCOMPLISHED, MATURE woman like me, not some little girl! I bet the freak looks at child porn too!" Her fingers drip with venom as she texts one of her remaining beta orbiters. "Hey," she begins, "you know how to draw funny cartoons right" She hits send.
I have given my 9 year old daughter 1 BTC each year for the past two years
We've watched Banking on Bitcoin together and she's listened to me talk to her as much as I can on a level to keep her attention, slow and steady. She's now genuinely interested in this space and as I work away in another country it's one of the great talking points for us to catch up about. I have also put away cash savings in her bank account but have taught her the fundamentals behind this technology. I heard her explaining to her mum about how it works from mining bitcoin to Satoshi and the whole mystery etc and it just blew me away how well she understood everything. She's no stranger to technology and has been using an iPhone with ease from age 2 and even lately started selling slime to kids at school until the teacher shut it down. I love her entrepreneurial skills. Kids understand this technology even if they don't understand how the current fiat system works but they can figure out that someone printing more money is making your money worth less and having a finite supply is the future. The thing is, she's already asked if she's getting another bitcoin next year and I don't know how long I can sustain this for lol
Hi Everyone! We are coming to the close of 2018 and whilst cryptocurrency in general has had a year of turmoil, it has been a very positive year for Electroneum and I’d like to recap on what we’ve achieved this year and reveal some of what we have planned for next year. This might end up as an epic, Tolstoy length, email so my apologies if it’s too long for you – but I feel there’s a lot to say… Firstly, let’s remember that we set out to redefine cryptocurrency altogether. Before Electroneum there were NO cryptocurrencies that were designed from the start to be widely and easily adopted. We have started to achieve the primary goal of Electroneum which is adoption. Did you know that Electroneum is the fastest growing cryptocurrency in the history of the world (I was going to say “Universe” but I really don’t know what our competitors are doing in other spiral arms of this galaxy, let alone the entire universe). Hold on! Let’s just think about that for a second! We have grown our user numbers to over 2 million holders and users of ETN in just one year. We fit the real world usage of cryptocurrency better than ANY other. Biggest (and best) community in crypto! Electroneum has done something here that’s never been achieved elsewhere. We have an enormous community of advocates. Users who are more than just users, they are passionate about what Electroneum is trying to do. A quick Google search of any cryptocurrency will find you some videos and some images, but with ETN there is an enormous following of hundreds of thousands of amazing people who are helping to make ETN a success. Electroneum has Fan Art. Think about that. A “boring” financial product with fan art! I’ve never seen any credit card fan art or banking fan art! If you are one of the passionate ETN believers and advocates, then I’d like to say a whopping THANK YOU to you for your input, no matter how small. You can (and are) changing the world. Boring Statistics? A former British Prime Minister famously quoted “There are lies, damned lies and statistics”. This is certainly true of the cryptocurrency market and as such we’ve just installed the Alexa.com (part of Amazon) certified traffic stats tool onto our website. That shows statistics for ONLY real people. You can’t fake it or exaggerate it. Did you know that if you compare the web traffic of all cryptocurrencies – we are in the top 5. If you look at active wallet numbers and actual blockchain transaction numbers, we are in the top 10 of cryptocurrencies for both. We have achieved a great deal this year, by making ETN accessible to everyone who has a smartphone. Electroneum Lead the Market 2018 has seen us launch our Instant Payment system into BETA, be the first cryptocurrency to offer a payment integration API allowing vendors to easily accept cryptocurrency for instant transactions. We are working with the community to create easy payment plugins for all the popular ecommerce software and we’ve launched a number of them including WooCommerce which enables over 3m WooCommerce sites to accept ETN with around 15 minutes of work. I can’t overstate how important this instant payment framework is to us achieving our goals. It is a huge leap forwards for cryptocurrency. We’ve seen some great vendors come on board this year and next year I am confident we will see a huge surge of vendors, once we get live on the ground in a few strategic areas. We are the first cryptocurrency to formally adopt KYC (know your customer – which now officially goes live on the 27th December). As the authorities of the world start to accept and understand cryptocurrency you will see why our early adoption of a regulatory framework is important to growth. Governments of the world fear cryptocurrency. We are giving them something to embrace. We have produced hundreds of thousands of lines of code this year. I’ve seen a lot of projects talk about valuations of crypto projects based on Github Commits (this is a place where people store their open source code). Electroneum is different to most cryptocurrencies. It has both open source blockchain code that anyone is welcome to help work on AND closed source code that runs the back end such as the app, the instant payment system, and the custodial wallet system. These are the features that are making Electroneum a success and make us a real business that corporations, governments, NGOs and institutions can feel comfortable with. The Bright Future of ETN… This year has been a year of preparing. Growing the team (not everyone in the team wants their picture on the website – we have over 30 full time employees and access to many more part time resources). MWC Sees Launch of Two or More Major Things… Last year we attended MWC (mobile world congress) as the first cryptocurrency member of the GSMA. Next February we attend again (you are going to LOVE our stand, nobody has ever done anything like it!). This time we are attending with a full product and exciting news. We launch a number of things at that show, all of which are secret for now. Two are locked in as absolutes and there are a few more than we are trying to tie in with the show! I don’t want to hint at what is coming – it’s only a couple of months before you’ll see for yourself, but it will be the base block from which we demonstrate to the business world just how usable cryptocurrency can be. Apple iOS Launch (finally!)… and Cloud Mining too! The first week of January will see our iOS app that includes cloud mining go into 100 user BETA. The second week we will release it to our 5000+ iOS testflight users (still in BETA) and (subject to testing) should be in the Apple Store by the end of January. Cloud Mining for Android Cloud mining will make the distribution of ETN much more appealing to the target audience of the unbanked. Ironically with their lower powered hardware and sporadic internet access it has been the developed world that has found it easiest to obtain some ETN. That all changes with cloud mining, where someone with the latest Samsung or iPhone will get the same value in ETN as someone with an ancient smartphone and little internet access. We can launch cloud mining for Android subject to the successful testing on Apple devices. I think it is going to be a big success and I expect to see it on Android before the MWC show in February. Blockchain As you probably know we used the Monero blockchain as a stable base for the Electroneum Blockchain when we launched. We’ve been moving away from Monero and have removed many of the privacy features of Monero during 2018. 2019 will see even more privacy removed, although we intend to keep stealth addresses, to prevent vendors (or anyone else) looking into your wallet and seeing how much ETN you have – like you can with Bitcoin and Ethereum. Some say we are not doing anything particularly different or unique with the blockchain part of our project, but the reality is that we are doing the single most important thing there is with blockchain - we are making it useable in everyday life. Credit Card Purchase of ETN & Gig Economy This week has been a particularly busy week with a few new exchanges coming on board and a launch of a very important part of our future “Gig Economy” system. You can now purchase ETN quickly and simply with a credit card at Indacoin (https://www.indacoin.com/en_GB/change/buy-electroneum-with-cardusd). We are working on others especially for the US citizens which indacoin currently does not cover. This is important as when we launch our Gig Economy website in Q1 of 2019 it will enable the unbanked of the world to join the global economy when looking for work. This is one of the major areas that we see for opening up the world to understanding the power of cryptocurrency as people in developed nations become able to purchase digital services from the people of developing nations, with no barriers. Developed nation businesses can purchase ETN with a credit card and buy software development, data entry, virtual business services, design, data research, social media management and much, much more, from a growing market of millennial entrepreneurs in the developing market. Everyone wins. You’ll see way more of this in 2019 including an e-learning system that enables those with digital skills to remotely teach others, with an ETN incentive. As I mentioned above this should be going live in Q1 – we are trying to get that live for MWC too, but I don’t want to commit 100% to that date for this project. The good news is that we have a lot of interest in it from an NGO perspective, so when we launch it I am confident it will be a really powerful force for both enablement and empowerment of individuals but also a huge catalyst for the growth and acceptance of cryptocurrency generally. The 2018 Cryptocurrency Market People have been asking me “WHY!? WHHHHYYYYYY?” to the 2018, pronounced, dip in the price of cryptocurrencies across the board and I’d like to offer you my view of the 2018 cryptocurrency market and what I believe the market will focus on in the future. The cryptocurrency markets are very new and whilst they are often compared to more mature markets, such as the equities markets, I believe there are very FEW similarities. Some people are buying and selling cryptocurrencies based on applying technical analysis, where they look at chart patterns in the historical price and volumes to try and predict the future, others are buying based on momentum, effectively following the herd and then there are the true project believers (known in the crypto industry as hodlers!) who have bought some because they believe in the long term viability and future success of the project. Don’t worry… I’m getting to my point… A lesson from Warren Buffet One of the most successful conventional traders in the world is Warren Buffet – he’s pretty good at it too, having been the richest man in the world a few times. What should we learn from him? Firstly, he’s not a huge fan of Bitcoin, in fact, he hates the stuff. Why is this and what can we learn from him? Warren hates Bitcoin because he’s a value investor, and a very good one. He doesn’t believe in chart analysis and he’s not a fan of momentum trading. He invests in PEOPLE. He invests in TEAMS and he invests in REAL THINGS. The cryptocurrency markets are largely coupled with Bitcoin. When it moves, the market moves, and at the moment it is almost entirely driven by the herd and not by people analysing VALUE. Herds are happy to run off cliffs as well as away from danger, hence the large swings (in both directions of the cryptocurrency markets). Obviously, I’m a huge fan of cryptocurrencies, so Warren and I are going to differ on some views, but I absolutely know that he would look at Electroneum in a different light to Bitcoin. We have identified and created a model for blockchain coin emissions which allows us to create a global marketing opportunity which rewards users, partners and vendors for engagement. We have spent time building products, solutions and partnerships rather than hyping them, meaning that most people are unaware of what has really been achieved in such a short time. The Electroneum team are fortunate to have considerable relationships across distribution partners, working closely with a number them throughout the planning and creation of our ecosystem. In our first year, we have developed, tested and launched a much wider set of products and partner benefits than anyone expected. We are going in to 2019 as a gateway, with a toolkit and approach that enables partners, governments and entrepreneurs to benefit from cryptocurrency; no longer is it just trading or accumulation of crypto. We stimulate every day, continual usage in the real world. We are focused on the fundamentals of traditional business, giving people what they want and helping to achieve financial inclusion and inclusivity, by creating an end to end ecosystem for everyday use of crypto, by anyone anywhere. The combination of our ecosystem, our partners and the scale of our community puts us in an incredibly strong position to achieve our goals of opening the world economy to every person, including the 1.8 billion unbanked. In short, Electroneum has an actual business behind it and is delivering REAL THINGS to REAL USERS (millions of them) via partnerships with other REAL companies. We deliver value and can show future revenue streams based on demonstrated growth. These are real life business things. We know our users and that is valuable. We have access to our users and that is valuable. We understand and can chart growth, and that is valuable. The list of differences goes on. Take a look at the metrics of some of the biggest tech “unicorns” and you’ll see they are all valued on the number of real, active USERS. The only reason they have that value is because they can communicate and monetise those users, and that is where the parallel to Electroneum becomes apparent. We have no intention of substantially monetising our user base for years to come, but we have the capability to do so – and all businesses MUST have a revenue stream or potential FUTURE revenue stream. I believe in Bitcoin, and I see it as a kind of cryptocurrency gold, but because there is so much focus on fully decentralised systems that do not know their users and are run by anonymous miners, we will find that real value investors are wary of ALL cryptocurrencies because of the mistaken impression that they are all alike. I agree that it is hard to make a purchase of Bitcoin based on fundamentals and value, because it’s not obvious where it lies. Scarcity and a belief in the project make me a Hodler, but I can’t put a ‘fair price’ on Bitcoin. Nobody can. Cryptocurrencies are evolving. Electroneum is unarguably more technically useful than Bitcoin because of its speed, accessibility and ability to scale, but that is not ENOUGH. I believe that as more REAL WORLD cryptocurrency projects evolve you will see VALUE as the main driver in the cryptocurrency markets. If a cryptocurrency project is also a conventional company with the ability to drive profits, grow larger and become a dominant brand – THEN you will see conventional investors such as Warren Buffet entering the market. I hope that cryptocurrency volatility will be reduced as cryptocurrencies start to look and feel more like regular companies, with friendly help desks, balance sheets, contractual partnerships and accountability. When is this going to happen?... it’s already started… I wish you and your family the very best Christmas or Holiday period, Richard Ells Founder & CEO, Electroneum.com
The Massive Value Prop of SUMOkoin: a Corporate Lawyer's Analysis
Can you guys help us all out and upvote those posts? Trying to do my part to spread the word. MERRY CHRISTMAS TEAM! (SKIP TO END FOR TLDR :) [Note: this post was originally drafted on Christmas Day and subsequently edited] [Disclaimer: I am posting this in triplicate on cryptocurrencycryptomarketsmonero for visibility] —
This is my first try at one of these. I am going to make a case for SUMOkoin (SUMO on Cryptopia) from a pure VALUE perspective. I’ve been researching privacy coins deeply and feel I’ve reached a sufficient conclusion to merit sharing SUMO. SUMOkoin is a fork of MONERO (XMR). In my opinion, XMR is hands down the most undervalued coin in the top 15. Once people figure out how to value privacy into the value of a coin, XMR, along with the other privacy coins like SUMO, will skyrocket. I am not here to argue SUMO is superior to XMR. That’s not what this post is about. I don’t find debating the merits of SUMO vs. XMR interesting as investing in SUMO has nothing to do with SUMO overtaking XMR. If anything, I’d argue that the merits of XMR underline the value of SUMO. What I do find interesting is return on investment (“ROI”). If you do want to argue about XMR vs. SUMO, I can point you to this infographic: https://i.redd.it/0eqfkg1hq2501.jpg —
I’m a corporate lawyer in Silicon Valley. my practice focuses on venture capital financing (“VC)”) and mergers & acquisitions (“M&A”). basically I spend all day every fucking day reviewing and revising cap tables, stock purchase agreements and merger agreements. I started using BTC in 2014 in conjunction with silk road and TOR. I had a minor conniption when I recently calculated how much BTC I handled in 2014. My 2017 has been good with IOTA at sub $0.30, POWR at $0.12, ENJIN at $0.02, REQ at $0.05, ENIGMA, and PHORE. My crypto investing philosophy is based on betting long odds. As Warren Buffet said, consolidate to get rich, diversify to stay rich. That said I strongly recommend you have an IRA and/or 401(k) in place prior to venturing into crypto. But when it comes to crypto, I’d happily strike out several times to have a chance at hitting a 100x. This is probably born out of working with VCs who do the same only with companies, not coins. I view myself as a mini-VC in the cryptosphere. __ The Number 1 thing I've taken away from corporate law is that it pays to get in EARLY Did you know that the typical founder buys their shares for $0.00001 per share? So if a founder owns 5 million shares,they bought those shares for $50 total. The typical IPO goes out the door at $10-20 per share.My iPhone calculator says ERROR when it tries to divide $10/0.00001 because it runs out of screen space. At the time of this writing, SUMO has a Marketcap of $5 million. Given it’s market cap and its XMR-likeness, I am positive SUMO is the best value investment in the Privacy Coin arena at this time. PHR is another competitor, but at $50m market cap, I feel it has lost its mega potential for you and me. —
***Merits of SUMO***
So what’s so good about SUMOkoin? Didn’t you say it was just a Monero knock-off? 1) Well, sort of. SUMO is based on CryptoNote and was conceived from a fork of Monero, with a little bit of extra privacy thrown in. It would not be wrong to think SUMO is to Litecoin as XMR is to Bitcoin. 2) Increased Privacy. Which brings us to point 2. SUMO is doing a couple things to increase privacy and nimbleness simultaneously. Monero currently does many of these too — though at the fork MONERO could not. Don’t forget Monero is also 5.5 billion market cap to SUMO’s 5 million. a) RingCT. All transactions are RingCT (ring confidential transactions) and the minimum “mixin” transactions is 13 (12 plus the original transaction) which gives passes the threshold to resist blockchain attacks. No transactions made on the SUMO blockchain can ever be traced to the actual participants. Nifty huh? b) Sub-addresses. The wallet deploys disposable sub-addresses to conceal your real sumo wallet address even from senders (who typically would need to know your actual address to send currency). Monero also does this. 3) Fungibility aka “Digital Cash”. This term gets thrown about a bunch, but basically, it means ‘how close is this coin to cash in terms of usage?’ Well, Sumokoin is one of a few cryptos that can boast true fungibility — SUMO can act just like physical cash i.e. no other people can find where the money comes from and how many have been transferred. 5) Mining Made Easy Mode. Seeing as SUMO was a fork, and not an ICO, they didn’t have to rewrite the wheel. Instead they focused on putting together some solid fundamentals like a great wallet and a dedicated mining application that lets you start mining with your current CPU. Check out the “Sumojoin Easy Minder” - simply run and start mining. 6) Intuitive and Secure Wallet. This shouldn’t come as a surprise, yet in this day and age, apparently it is not a prereq. They already have a GUI wallet, litewallet, plus those unlimited sub-addresses to boot that I mentioned above. 7) Decentralization. SUMO is botnet-proof, and therefore botnet mining resistant. When a botnet joins a mining pool, it adjusts the mining difficulty, thereby balancing the difficulty level of mining. 8) Dev Team // Locked Coins // Future Development Funds. There are lots of things that make this coin a ‘go.’ but perhaps the most overlooked in crypto is that the devs have done an excellent job delivering ahead of schedule. If you’re an engineer or have managed projects, you know how difficult hitting projected deadlines can be. These guys update github very frequently and there is a high degree of visibility. The devs have also time-locked their pre-mine in a publicly view-able wallet for years so they aren't bailing out with a pump and dump. The dev team is based in Japan. 9) Broad Appeal. If marketed properly, SUMO has the ability to appeal to older individuals venturing into crypto due to the fungibility / similarities to cash. This is not different than XMR, and I expect it will be exploited in 2018 by all privacy coins. It could breed familiarity with new money, and new money is the future of crypto. 10) Marketing. Which brings me to my final point - and it happens to be a weakness. SUMO needs a community effort to distribute information to the masses. A good example is Vert Coin. Their team is very good at disseminating information. I’m not talking about hyping a coin; I’m talking about how effectively can you spread facts about your product to the masses. To get mainstream SUMO needs something like this VertCoin post: https://www.reddit.com/vertcoin/comments/7ixkbf/vertbase_a_vertcoin_to_usd_exchange/ —
***Market Cap Discussion***
For a coin with using Monero’s tech, 5 million is minuscule. For any coin, 5 mil is nothing. Some MC comparisons [as of December 25th, 2017]:
SUMO: 5 million ENJIN: 110 million (22x SUMO)
Enigma: 200 million (40x SUMO)
REQ: 210 million (42x SUMO)
POWR: 350 million (70x SUMO)
Monero: 5.6 billion (mental maths iz hard)
— Let's talk about market cap ("MC") for a minute. It gets tossed around a lot, but I don’t think people appreciate how important getting in early can be. Say you buy into SUMO at 5 million MC. Things go well and 20 million new money gets poured into SUMO. Now the MC is 25 million. Your gains are 4x (you invested $1,000 and now you have 5,000, netting 4,000). Now let’s says say you bought at 10 million instead of 5 million. $15 mill gets poured in until the MC again reaches 25 mil. Your gains are 1.5x (you put in $1,000, you now have 2,500, netting 1,500) Remember: investing at 5 mil MC vs. 10 mil MC represents an EXTREMELY subtle shift in time of investment (“TOI”). But the difference in net profit is dramatic. the biggest factor is that your ROI multiplier is locked in at your TOI — meaning every 25 million that gets added to the MC pot, you 4X you're returns. Example MC = 100
TOI @ 5 MC = $20k (net $19k)
TOI @ 10 MC = $10k (net $9k)
TOI @ 25 MC = $4k (net $3k)
I strongly believe SUMO can and will 20x in Q1 2018 and 100x by end of Q4 2018 reach $500,000 MC. There is ample room for a tricked out Monero clone at 500 MC. That’s 100x. Guess how many coins have 500 mil market caps? 48 as of this writing. 48! Have many of these coins with about ~500 mil MC have you heard of? MaidSafeCoin? Status? Decred? Veritaseum? SUMO has potential to surpass those. —
***The Importance of Privacy***
I want to close with a brief discussion of privacy as it relates to fundamental rights and as to crypto. 2018 will be remembered as the Year of Privacy Coins. Privacy has always been at the core of crypto. This is no coincidence. “Privacy” is the word we have attached to the concept of possessing the freedom to do as you please within the law without explaining yourself to the government or financial institution. Discussing privacy from a financial perspective is difficult because it has very deep political significance. But that is precisely why it is so valuable. Privacy is the right of billions of people not to be surveilled. We live in a world where every single transaction you do through the majority financial system is recorded, analyzed and sold — and yet where the money goes is completely opaque. Our transactions are visible from the top, but we can’t see up. Privacy coins turn that upside down. Privacy is a human right. It is the guarantor of American constitutional freedom. It is the cornerstone of freedoms of expression, association, political speech and all our other freedoms for that matter. And privacy coins are at the root of that freedom. What the internet did for freedom of information, privacy coins will do for freedom of financial transactions. —
2018 = Year of Privacy Coins // Monero is legit aka is the most undervalued coin in the Top 15 // SUMO is low MC clone meaning great ROI opportunity // ROI is everything // did I mention ROI is everything? // Consolidate to get rich; diversify to stay rich // extra strong code foundation + strong dev team + SUMO team financial incentives locked in multi-year vesting schedule // un-limited sub-addresses associated with Wallet & Litewallet means complete anonynimity // RingCT w/ 12+1 minimum mixins means complete confidentiality // legit Fungibility (like cash) means MARKET VALUE of privacy is baked into the currency // Mining Made Easy for those interested/able // is Botnet mining resistant // has unique market appeal to UNSOPHISTICATED DEEP pockets due to similarity to cash. — Legal Disclaimer THIS POST AND ANY SUBSEQUENT STATEMENTS BY THE AUTHOR DO NOT CONSTITUTE LEGAL OR FINANCIAL ADVICE AND IS NOT INTENDED TO BE LEGAL OR FINANCIAL ADVICE OR RELIED UPON. NO REFERENCES TO THIS POST SHALL BE CONSTRUED AS LEGAL OR FINANCIAL ADVICE. THIS POST REPRESENTS THE LONE OPINION OF A NON-SOPHISTICATED INVESTOR.
If you are into the idea, though, this is a decent and free way to mine cryptocurrency on iPhone. Maybe it’s the ideal way to put the high processing power of iPhone X to good use. Steps to Install MobileMiner on iPhone and iPad. Step 1: First, you need to download MobileMiner’s IPA file from our downloads section. It's unlikely someone could successfully "mine" bitcoin on an iPhone or iPad alone because of the amount of energy and computing power it takes. But Apple's move could pre-emptively stop future ... Can You Mine Bitcoin on an iPhone? Yes You Can, but the Payout is Not Appealing at All. By Omar ... while it is more than possible to mine Bitcoin plus other cryptocurrencies using an iPhone, it ... Is Bitcoin Mining on iPhone even possible? In the beginning, the mining difficulty was low and no one mined. You could mine with whatever software and hardware available. In other words, the mining was easy and you could achieve results with any hardware.. However, over time the difficulty increased, requiring hardware to run at full peak in order to mine anything substantial. If you want to know how to mine Bitcoin, there are two different steps you can take – go through a cloud mining company or buy and use purpose-built hardware. We’ll look at both options, and ...
How to Mine Bitcoin on iPhone - Install Mobile Miner on ...
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