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For discussion about Litecoin, the leading cryptocurrency derived from Bitcoin. Litecoin is developed with a focus on speed, efficiency, and wider initial coin distribution through the use of scrypt-based mining.
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A common sentiment is brewing online; a shared desire for the internet that might have been. After decades of corporate encroachment, you don't need to be a power user to realize that something has gone very wrong. In the early days of the internet, the future was bright. In that future, when you sent an instant message, it traveled directly to the recipient. When you needed to pay a friend, you announced a transfer of value to their public key. When an app was missing a feature you wanted, you opened up the source code and implemented it. When you took a picture on your phone, it was immediately encrypted and backed up to storage that you controlled. In that future, people would laugh at the idea of having to authenticate themselves to some corporation before doing these things. What did we get instead? Rather than a network of human-sized communities, we have a handful of enormous commons, each controlled by a faceless corporate entity. Hey user, want to send a message? You can, but we'll store a copy of it indefinitely, unencrypted, for our preference-learning algorithms to pore over; how else could we slap targeted ads on every piece of content you see? Want to pay a friend? You can—in our Monopoly money. Want a new feature? Submit a request to our Support Center and we'll totally maybe think about it. Want to backup a photo? You can—inside our walled garden, which only we (and the NSA, of course) can access. Just be careful what you share, because merely locking you out of your account and deleting all your data is far from the worst thing we could do. You rationalize this: "MEGACORP would never do such a thing; it would be bad for business." But we all know, at some level, that this state of affairs, this inversion of power, is not merely "unfortunate" or "suboptimal" – No. It is degrading. Even if MEGACORP were purely benevolent, it is degrading that we must ask its permission to talk to our friends; that we must rely on it to safeguard our treasured memories; that our digital lives are completely beholden to those who seek only to extract value from us. At the root of this issue is the centralization of data. MEGACORP can surveil you—because your emails and video chats flow through their servers. And MEGACORP can control you—because they hold your data hostage. But centralization is a solution to a technical problem: How can we make the user's data accessible from anywhere in the world, on any device? For a long time, no alternative solution to this problem was forthcoming. Today, thanks to a confluence of established techniques and recent innovations, we have solved the accessibility problem without resorting to centralization. Hashing, encryption, and erasure encoding got us most of the way, but one barrier remained: incentives. How do you incentivize an anonymous stranger to store your data? Earlier protocols like BitTorrent worked around this limitation by relying on altruism, tit-for-tat requirements, or "points" – in other words, nothing you could pay your electric bill with. Finally, in 2009, a solution appeared: Bitcoin. Not long after, Sia was born. Cryptography has unleashed the latent power of the internet by enabling interactions between mutually-distrustful parties. Sia harnesses this power to turn the cloud storage market into a proper marketplace, where buyers and sellers can transact directly, with no intermediaries, anywhere in the world. No more silos or walled gardens: your data is encrypted, so it can't be spied on, and it's stored on many servers, so no single entity can hold it hostage. Thanks to projects like Sia, the internet is being re-decentralized. Sia began its life as a startup, which means it has always been subjected to two competing forces: the ideals of its founders, and the profit motive inherent to all businesses. Its founders have taken great pains to never compromise on the former, but this often threatened the company's financial viability. With the establishment of the Sia Foundation, this tension is resolved. The Foundation, freed of the obligation to generate profit, is a pure embodiment of the ideals from which Sia originally sprung. The goals and responsibilities of the Foundation are numerous: to maintain core Sia protocols and consensus code; to support developers building on top of Sia and its protocols; to promote Sia and facilitate partnerships in other spheres and communities; to ensure that users can easily acquire and safely store siacoins; to develop network scalability solutions; to implement hardforks and lead the community through them; and much more. In a broader sense, its mission is to commoditize data storage, making it cheap, ubiquitous, and accessible to all, without compromising privacy or performance. Sia is a perfect example of how we can achieve better living through cryptography. We now begin a new chapter in Sia's history. May our stewardship lead it into a bright future.
Today, we are proposing the creation of the Sia Foundation: a new non-profit entity that builds and supports distributed cloud storage infrastructure, with a specific focus on the Sia storage platform. What follows is an informal overview of the Sia Foundation, covering two major topics: how the Foundation will be funded, and what its funds will be used for.
The Sia Foundation will be structured as a non-profit entity incorporated in the United States, likely a 501(c)(3) organization or similar. The actions of the Foundation will be constrained by its charter, which formalizes the specific obligations and overall mission outlined in this document. The charter will be updated on an annual basis to reflect the current goals of the Sia community. The organization will be operated by a board of directors, initially comprising Luke Champine as President and Eddie Wang as Chairman. Luke Champine will be leaving his position at Nebulous to work at the Foundation full-time, and will seek to divest his shares of Nebulous stock along with other potential conflicts of interest. Neither Luke nor Eddie personally own any siafunds or significant quantities of siacoin.
The primary source of funding for the Foundation will come from a new block subsidy. Following a hardfork, 30 KS per block will be allocated to the "Foundation Fund," continuing in perpetuity. The existing 30 KS per block miner reward is not affected. Additionally, one year's worth of block subsidies (approximately 1.57 GS) will be allocated to the Fund immediately upon activation of the hardfork. As detailed below, the Foundation will provably burn any coins that it cannot meaningfully spend. As such, the 30 KS subsidy should be viewed as a maximum. This allows the Foundation to grow alongside Sia without requiring additional hardforks. The Foundation will not be funded to any degree by the possession or sale of siafunds. Siafunds were originally introduced as a means of incentivizing growth, and we still believe in their effectiveness: a siafund holder wants to increase the amount of storage on Sia as much as possible. While the Foundation obviously wants Sia to succeed, its driving force should be its charter. Deriving significant revenue from siafunds would jeopardize the Foundation's impartiality and focus. Ultimately, we want the Foundation to act in the best interests of Sia, not in growing its own budget.
The Foundation inherits a great number of responsibilities from Nebulous. Each quarter, the Foundation will publish the progress it has made over the past quarter, and list the responsibilities it intends to prioritize over the coming quarter. This will be accompanied by a financial report, detailing each area of expenditure over the past quarter, and forecasting expenditures for the coming quarter. Below, we summarize some of the myriad responsibilities towards which the Foundation is expected to allocate its resources.
Maintain and enhance core Sia software
Arguably, this is the most important responsibility of the Foundation. At the heart of Sia is its consensus algorithm: regardless of other differences, all Sia software must agree upon the content and rules of the blockchain. It is therefore crucial that the algorithm be stewarded by an entity that is accountable to the community, transparent in its decision-making, and has no profit motive or other conflicts of interest. Accordingly, Sia’s consensus functionality will no longer be directly maintained by Nebulous. Instead, the Foundation will release and maintain an implementation of a "minimal Sia full node," comprising the Sia consensus algorithm and P2P networking code. The source code will be available in a public repository, and signed binaries will be published for each release. Other parties may use this code to provide alternative full node software. For example, Nebulous may extend the minimal full node with wallet, renter, and host functionality. The source code of any such implementation may be submitted to the Foundation for review. If the code passes review, the Foundation will provide "endorsement signatures" for the commit hash used and for binaries compiled internally by the Foundation. Specifically, these signatures assert that the Foundation believes the software contains no consensus-breaking changes or other modifications to imported Foundation code. Endorsement signatures and Foundation-compiled binaries may be displayed and distributed by the receiving party, along with an appropriate disclaimer. A minimal full node is not terribly useful on its own; the wallet, renter, host, and other extensions are what make Sia a proper developer platform. Currently, the only implementations of these extensions are maintained by Nebulous. The Foundation will contract Nebulous to ensure that these extensions continue to receive updates and enhancements. Later on, the Foundation intends to develop its own implementations of these extensions and others. As with the minimal node software, these extensions will be open source and available in public repositories for use by any Sia node software. With the consensus code now managed by the Foundation, the task of implementing and orchestrating hardforks becomes its responsibility as well. When the Foundation determines that a hardfork is necessary (whether through internal discussion or via community petition), a formal proposal will be drafted and submitted for public review, during which arguments for and against the proposal may be submitted to a public repository. During this time, the hardfork code will be implemented, either by Foundation employees or by external contributors working closely with the Foundation. Once the implementation is finished, final arguments will be heard. The Foundation board will then vote whether to accept or reject the proposal, and announce their decision along with appropriate justification. Assuming the proposal was accepted, the Foundation will announce the block height at which the hardfork will activate, and will subsequently release source code and signed binaries that incorporate the hardfork code. Regardless of the Foundation's decision, it is the community that ultimately determines whether a fork is accepted or rejected – nothing can change that. Foundation node software will never automatically update, so all forks must be explicitly adopted by users. Furthermore, the Foundation will provide replay and wipeout protection for its hard forks, protecting other chains from unintended or malicious reorgs. Similarly, the Foundation will ensure that any file contracts formed prior to a fork activation will continue to be honored on both chains until they expire. Finally, the Foundation also intends to pursue scalability solutions for the Sia blockchain. In particular, work has already begun on an implementation of Utreexo, which will greatly reduce the space requirements of fully-validating nodes (allowing a full node to be run on a smartphone) while increasing throughput and decreasing initial sync time. A hardfork implementing Utreexo will be submitted to the community as per the process detailed above. As this is the most important responsibility of the Foundation, it will receive a significant portion of the Foundation’s budget, primarily in the form of developer salaries and contracting agreements.
Support community services
We intend to allocate 25% of the Foundation Fund towards the community. This allocation will be held and disbursed in the form of siacoins, and will pay for grants, bounties, hackathons, and other community-driven endeavours. Any community-run service, such as a Skynet portal, explorer or web wallet, may apply to have its costs covered by the Foundation. Upon approval, the Foundation will reimburse expenses incurred by the service, subject to the exact terms agreed to. The intent of these grants is not to provide a source of income, but rather to make such services "break even" for their operators, so that members of the community can enrich the Sia ecosystem without worrying about the impact on their own finances.
Ensure easy acquisition and storage of siacoins
Most users will acquire their siacoins via an exchange. The Foundation will provide support to Sia-compatible exchanges, and pursue relevant integrations at its discretion, such as Coinbase's new Rosetta standard. The Foundation may also release DEX software that enables trading cryptocurrencies without the need for a third party. (The Foundation itself will never operate as a money transmitter.) Increasingly, users are storing their cryptocurrency on hardware wallets. The Foundation will maintain the existing Ledger Nano S integration, and pursue further integrations at its discretion. Of course, all hardware wallets must be paired with software running on a computer or smartphone, so the Foundation will also develop and/or maintain client-side wallet software, including both full-node wallets and "lite" wallets. Community-operated wallet services, i.e. web wallets, may be funded via grants. Like core software maintenance, this responsibility will be funded in the form of developer salaries and contracting agreements.
Protect the ecosystem
When it comes to cryptocurrency security, patching software vulnerabilities is table stakes; there are significant legal and social threats that we must be mindful of as well. As such, the Foundation will earmark a portion of its fund to defend the community from legal action. The Foundation will also safeguard the network from 51% attacks and other threats to network security by implementing softforks and/or hardforks where necessary. The Foundation also intends to assist in the development of a new FOSS software license, and to solicit legal memos on various Sia-related matters, such as hosting in the United States and the EU. In a broader sense, the establishment of the Foundation makes the ecosystem more robust by transferring core development to a more neutral entity. Thanks to its funding structure, the Foundation will be immune to various forms of pressure that for-profit companies are susceptible to.
Drive adoption of Sia
Although the overriding goal of the Foundation is to make Sia the best platform it can be, all that work will be in vain if no one uses the platform. There are a number of ways the Foundation can promote Sia and get it into the hands of potential users and developers. In-person conferences are understandably far less popular now, but the Foundation can sponsor and/or participate in virtual conferences. (In-person conferences may be held in the future, permitting circumstances.) Similarly, the Foundation will provide prizes for hackathons, which may be organized by community members, Nebulous, or the Foundation itself. Lastly, partnerships with other companies in the cryptocurrency space—or the cloud storage space—are a great way to increase awareness of Sia. To handle these responsibilities, one of the early priorities of the Foundation will be to hire a marketing director.
The Foundation Fund will be controlled by a multisig address. Each member of the Foundation's board will control one of the signing keys, with the signature threshold to be determined once the final composition of the board is known. (This threshold may also be increased or decreased if the number of board members changes.) Additionally, one timelocked signing key will be controlled by David Vorick. This key will act as a “dead man’s switch,” to be used in the event of an emergency that prevents Foundation board members from reaching the signature threshold. The timelock ensures that this key cannot be used unless the Foundation fails to sign a transaction for several months. On the 1st of each month, the Foundation will use its keys to transfer all siacoins in the Fund to two new addresses. The first address will be controlled by a high-security hot wallet, and will receive approximately one month's worth of Foundation expenditures. The second address, receiving the remaining siacoins, will be a modified version of the source address: specifically, it will increase the timelock on David Vorick's signing key by one month. Any other changes to the set of signing keys, such as the arrival or departure of board members, will be incorporated into this address as well. The Foundation Fund is allocated in SC, but many of the Foundation's expenditures must be paid in USD or other fiat currency. Accordingly, the Foundation will convert, at its discretion, a portion of its monthly withdrawals to fiat currency. We expect this conversion to be primarily facilitated by private "OTC" sales to accredited investors. The Foundation currently has no plans to speculate in cryptocurrency or other assets. Finally, it is important that the Foundation adds value to the Sia platform well in excess of the inflation introduced by the block subsidy. For this reason, the Foundation intends to provably burn, on a quarterly basis, any coins that it cannot allocate towards any justifiable expense. In other words, coins will be burned whenever doing so provides greater value to the platform than any other use. Furthermore, the Foundation will cap its SC treasury at 5% of the total supply, and will cap its USD treasury at 4 years’ worth of predicted expenses. Addendum: Hardfork Timeline We would like to see this proposal finalized and accepted by the community no later than September 30th. A new version of siad, implementing the hardfork, will be released no later than October 15th. The hardfork will activate at block 293220, which is expected to occur around 12pm EST on January 1st, 2021.
Addendum: Inflation specifics The total supply of siacoins as of January 1st, 2021 will be approximately 45.243 GS. The initial subsidy of 1.57 GS thus increases the supply by 3.47%, and the total annual inflation in 2021 will be at most 10.4% (if zero coins are burned). In 2022, total annual inflation will be at most 6.28%, and will steadily decrease in subsequent years.
We see the establishment of the Foundation as an important step in the maturation of the Sia project. It provides the ecosystem with a sustainable source of funding that can be exclusively directed towards achieving Sia's ambitious goals. Compared to other projects with far deeper pockets, Sia has always punched above its weight; once we're on equal footing, there's no telling what we'll be able to achieve. Nevertheless, we do not propose this change lightly, and have taken pains to ensure that the Foundation will act in accordance with the ideals that this community shares. It will operate transparently, keep inflation to a minimum, and respect the user's fundamental role in decentralized systems. We hope that everyone in the community will consider this proposal carefully, and look forward to a productive discussion.
You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments. It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Limited Supply - There will only ever be 21,000,000 bitcoins created and they are issued in a predictable fashion, you can view the inflation schedule here. Once they are all issued Bitcoin will be truly deflationary. The halving countdown can be found here.
Open source - Bitcoin code is fully auditable. You can read the source code yourself here.
Accountable - The public ledger is transparent, all transactions are seen by everyone.
Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works. You can even run a node on a Raspberry Pi.
Censorship resistant - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.
Push system - There are no chargebacks in bitcoin because only the person who owns the address where the bitcoins reside has the authority to move them.
Low fee scaling - On chain transaction fees depend on network demand and how much priority you wish to assign to the transaction. Most wallets calculate on chain fees automatically but you can view current fees here and mempool activity here. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the Lightning Network, a second layer scaling solution currently rolling out on the Bitcoin mainnet.
Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.
Portable - Bitcoins are digital so they are easier to move than cash or gold. They can even be transported by simply memorizing a string of words for wallet recovery (while cool this method is generally not recommended due to potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for new users due to ease of use and additional security).
Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage. Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".
Securing your bitcoins
With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor, Ledger or ColdCard is recommended. Alternatively there are many software wallet options to choose from here depending on your use case.
If you prefer to let third party "Bitcoin banks" manage your coins, try Gemini but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email! 2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".
Where can I spend bitcoins?
Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out. If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.
Just like any other form of money, you can also earn bitcoins by being paid to do a job.
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.
The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
one bitcoin is equal to 100 million satoshis
1,000 per bitcoin
used as default unit in recent Electrum wallet releases
1,000,000 per bitcoin
colloquial "slang" term for microbitcoin (μBTC)
100,000,000 per bitcoin
smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki. Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval. Welcome to the Bitcoin community and the new decentralized economy!
IamA Founder of HOPR a pioneering data privacy project. My name is Dr. Sebastian Bürgel - AMA
HOPR Team Foreword: Dr. Sebastian Bürgel received his PhD from ETH Zurich, one of the world's top 10 universities for Science and Technology, before becoming an entrepreneur and architect of decentralized blockchain applications. His technical know-how helped shape the Distributed Ledger Technology (DLT) Law of Switzerland. Previously, Dr. Bürgel co-founded Validity Labs, the first Swiss blockchain education and service company, and taught the former Swiss President, Johann Schneider-Ammann, his first blockchain lesson. Dr. Bürgel also co-founded SONECT, a fintech startup that developed a widely-used virtual ATM network. In His Own Words: I have dedicated my career to building technical solutions that empower the individual. I am contributing to a privacy-first web3 with HOPRnet.org, a blockchain-based data privacy project I founded, where we are taking a positive and empowering approach to providing network-level data privacy for all. We are also incentivizing everyone – not just those with technical experience – to relay data (which masks sender and recipient) by running a HOPR node and earning HOPR tokens. Privacy is a major topic for the web3, powering the next generation of web applications, platforms and services. I am also interested in the future of work towards a post-corporate era. Do humans need companies to create value? Digital organizations such as DAOs (decentralized autonomous organizations) are a major shift away from traditional employment, organizations and the way we work. Before joining the blockchain and crypto ecosystem, I worked as a postdoctoral fellow and PhD student at ETH Zurich in the domain of microtechnology and microfabrication for biomedical applications such as drug discovery, cancer research and neglected tropical diseases. I am happy to engage in discussions and support people who #buidl:
any sort of privacy project that improve the limitations of VPNs, TOR or other P2P applications
truly decentralized web3 applications based on blockchain and other P2P technologies such as IPFS, Libp2p and other decentralized computation, decentralized storage or decentralized value networks
on-chain privacy in the blockchain domain such as zk-SNARKs, zk-STARKs, BulletProofs, Optimistic Rollups and zk-Rollups
DAOs or other forms of digital organizations inspiring a future beyond today's corporations
tokenized capital markets and token ecosystems that go beyond the ICO and STO hype
stable tokens that combine the best of crypto currencies such as Bitcoin and traditional digital fiat money
alternative democratic systems such as quadratic voting, quadratic funding and other Radical Market applications
Aryacoin is a new cryptocurrency, which allows for decentralized, peer to peer transactions of electronic cash. It is like Bitcoin and Litecoin, but the trading of the coin occurs on sales platforms that have no restriction to use. Further, it was created with the goal of addressing the double spend issues of Bitcoin and does so using a timestamp server to verify transactions. It works by taking the hash of a block of items to be timestamped and widely publishing the hash. The timestamp proves that the data must have existed at the time in order to get the hash. Each timestamp then includes the previous timestamp in its hash, forming a chain. The Aryacoin team is continuously developing new use cases for the coin, including exchanges where users can exchange the coins without any fees or restrictions, and offline options where the coins can be bought and sold for cash. The coins can also be used on the company’s other platform, mrdigicoin.io. Along with the coin, there is a digital wallet that can be created and controlled by the user entirely, with no control being retained by the Aryacoin team.
The concept of Blockchain first came to fame in October 2008, as part of a proposal for Bitcoin, with the aim to create P2P money without banks. Bitcoin introduced a novel solution to the age-old human problem of trust. The underlying blockchain technology allows us to trust the outputs of the system without trusting any actor within it. People and institutions who do not know or trust each other, reside in different countries, are subject to different jurisdictions, and who have no legally binding agreements with each other, can now interact over the Internet without the need for trusted third parties like banks, Internet platforms, or other types of clearing institutions. When bitcoin was launched it was revolutionary allowing people to transfer money to anytime and anywhere with very low transaction fees . It was decentralized and their is no third party involved in the transaction , only the sender and receiver were involved. This paper provide a solution to the double-spending problem using a peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions.The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes. Bitcoin was made so that it would not be controlled or regulated but now exchanges and governments are regulating bitcoin and other cryptocurrencies at every step. Aryacoin was developed to overcome these restrictions on a free currency. Aryacoin is a new age cryptocurrency, which withholds the original principle on which the concept of cryptocurrency was established. Combining the best in blockchain technology since the time of its creation, Aryacoin strives to deliver the highest trading and mining standards for its community.
1.1 OVERVIEW ABOUT ARYACOIN
Aryacoin is a new age cryptocurrency, which withholds the original principle on which the concept of cryptocurrency was established. Combining the best in blockchain technology since the time of its creation, Aryacoin strives to deliver the highest trading and mining standards for its community. Aryacoin is a blockchain based project that allows users to access their wallet on the web and mobile browsers, using their login details. Aryacoin can be mined; it also can be exchanged by other digital currencies in several world-famous exchanges such as Hitbtc, CoinEx, P2pb2b, WhiteBit, Changelly and is also listed in reputable wallets such as Coinomi and Guarda. Aryacoin is a coin, which can be used by anyone looking to use cryptocurrency which allows them to keep their privacy even when buying/selling the coin along with while using the coin during transactions. Proof of work and cryptographic hashes allows transactions to verified. Stable Fee Per AYA is a unique feature of Aryacoin, so by increasing the amount or volume of the transaction, there is no change in the fee within the network, which means that the fee for sending an amount less than 1 AYA is equal to several hundred million AYA. Another unique feature of Aryacoin is the undetectability of transactions in Explorer, such as the DASH and Monero, of course, this operation is unique to Aryacoin. Using Aryacoin digital currency, like other currencies, international transactions can be done very quickly and there are no limitations in this area as the creators claim. Aryacoin aims to allow users to access the Aryacoin wallet via the web and mobile browsers using their login details. Aryacoin is a peer-to-peer electronic cash system that enables users to send and receive payments directly from one party to another, and allow them to transfer funds across borders with no restriction or third party involvement. The blockchain-based system embraces the digital signature, which prevents double spending and low transfer fees, which enables users to transfer huge amounts with very low fees. The proof-of-work consensus mechanism allows each transaction to be verified and confirmed, while anonymity enables users to use the coin anywhere at any time. According to the website of the operation, each wallet is divided into 2 or more AYA wallet addresses for each transaction, and depending on the volume of the transaction block, the origin, and destination of transactions in the network can not be traced and displayed to the public. In fact, each wallet in Aryacoin consists of a total of several wallets. The number of these wallets increases per transaction to increase both security and privacy. Aryacoin also uses the dPoW protocol. In the dPoW protocol, a second layer is added to the network to verify transactions, which makes “51% attack” impossible even with more than half of the network hash, and blocks whose Blockchain uses this second layer of security never run the risk of 51% attacks. AYA has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any large exchanges and then transfer to the exchange that offers to trade this coin.
1.1.1 ARYACOIN HISTORY
Aryacoin (AYA) is a new cryptocurrency, which has been created by a group of Iranian developers, is an altcoin which allows for decentralised, peer to peer transactions of electronic cash without any fees whatsoever. Along with the coin, there is a digital wallet that can be created and managed by the user entirely, with no control being retained by the Aryacoin team. Aryacoin’s founder, Kiumars Parsa, has been a fan of alternative currencies and particularly Bitcoin. “We see people from all around the world using Blockchain technology and the great benefits that came with it and it then that I decided to solve this puzzle for find a way of bringing the last missing piece to the jigsaw. The idea for Aryacoin was born.” Parsa said. Parsa and his team of Iranian ex-pats not only persevered but expedited the project and just a year later, in the summer of 2019, the first version of Aryacoin was released. In 2020, Aryacoin is the first and only Iranian coin listed on CMC. Parsa goes on to state that it is now the strength of the community that has invested in the coin that will ultimately drive its success, alongside its robust technology and appealing 0% network fees. “We have thousands of voices behind Aryacoin. People for the people make this coin. It is a massive shout out for democracy. This had made us base the whole team strategy on the benefits for both our users and our traders.” “One key example is that the network fee on AYA Blockchain is 0%. Yes, absolutely nothing, which which differentiates us from other networks. What also differentiates us from other coins is that we have AYAPAY which is the first cryptocurrency Gateway in the world which does not save funds on third party storage with all funds being forwarded directly to any wallet address that the Gateway owner requests”. “So for the first time ever, and unlike other gateways, incoming funds will be saved on the users account with submitted withdrawal requests then made on the Gateway host website. In AYAPAY which has also been developed by the Aryacoin team, all funds without extra fees or extra costs will directly forwarded to users wallets. We have named this technology as CloudWithdrawal.” “We are continuously challenging ourselves as it is a crowded marketplace. We are striving to have a safer Blockchain against 51% attacks, faster confirmations speeds of transactions, cheaper network fee, growing the market by cooperation with Top tier Exchangers.”
1.1.2 ARYACOIN’S MAIN GOAL
Aryacoin’s main goal is to educate people and give them the freedom to use cryptocurrency in any way they want. Aryacoin empowers the users to transfer, pay, trade cryptocurrency from any country around the globe. Platforms that have been created by Aryacoin Team, as well as those that will go live in future, operate on the same principle and exclude absolutely no one.
1.1.3 PROBLEM ARYACOIN SEEKS TO SOLVE
Aryacoin aims to provide a long-term solution to the problem of double spending, which is still common in the crypto market. The developers of the system have created a peer-to-peer distributed timestamp server that generates computational proof of the transactions as they occur. Besides, the system remains secure provided honest nodes control more CPU power than any cooperating group of attacker nodes. While Bitcoin was designed not to be regulated or controlled, many exchanges and governments have put regulatory measures on the pioneer cryptocurrency at every step. Aryacoin aims to overcome these restrictions as a free digital currency.
1.1.4 BENEFITS OF USING ARYACOIN
Aryacoin solution offers the following benefits:
Real-time update: whether you’re going on a holiday or a business trip, no problem. You can access your coins all over the world.
Instant operations: Aryacoin makes it quite easy for you to use your digital wallet and perform various operations with it.
Safe and secure: all your data is stored encrypted and can only be decrypted with your private key, seed, or password.
Strong security: The system has no control over your wallet. You are 100% in charge of your wallet and funds.
1.1.5 ARYACOIN FEATURES
1. Anonymity The coin provides decent level of anonymity for all its users. The users can send their transactions to any of the public nodes to be broadcasted , the transaction sent to the nodes should be signed by the private key of the sender address . This allows the users to use the coin anywhere any time , sending transactions directly to the node allows users from any place and country . 2. Real Life Usage aryacoin’s team is continuously developing new and innovative ways to use the coins , they are currently developing exchanges where the users can exchange the coins without any fees and any restrictions . They also are currently developing other innovative technologies, which would allow users to spend our coins everywhere and anywhere. 3. Offline Exchanges They are also working with different offline vendors which would enable them to buy and sell the coins directly to our users on a fixed/variable price this would allow easy buy/sell directly using cash . This would allow the coins to be accessible to users without any restrictions which most of the online exchanges have, also increase the value and number of users along with new ways to spend the coin. This would increase anonymity level of the coin. In addition, introduce new users into the cryptomarket and technology. Creating a revolution, which educates people about crypto and introduce them to the crypto world, which introduces a completely new group of people into crypto and a move towards a Decentralized future! 4. Transactions When it comes to transactions, Aryacoin embraces a chain of digital signatures, where each owner simply transfers the coin to the next person by digitally signing a hash of the previous transaction and the public key of the next owner. The recipient can then verify the signatures to confirm the chain of ownership. Importantly, Aryacoin comes with a trusted central authority that checks every transaction for double spending. 5. Business Partner with Simplex Aryacoin is the first and only Iranian digital currency that managed to obtain a trading license in other countries. In collaboration with the foundation and financial giant Simplex, a major cryptocurrency company that has large companies such as Binance, P2P, Changelly, etc. Aryacoin has been licensed to enter the world’s major exchanges, as well as the possibility of purchasing AYA through Credit Cards, which will begin in the second half of 2020. Also, the possibility of purchasing Aryacoin through Visa and MasterCard credit cards will be activated simultaneously inside the Aryacoin site. plus, in less than a year, AYA will be placed next to big names such as CoinCapMarket, Coinomi, P2P, Coinpayments and many other world-class brands today.
1.1.6 WHY CHOOSE ARYACOIN?
If you want to use a cryptocurrency that allows you to keep your privacy online even when buying and selling the coins, the Aryacoin team claims that AYA is the way to go. Aryacoin is putting in the work: with more ways to buy and sell, and fixing the issues that were present in the original Bitcoin, plus pushing the boundaries with innovative solutions in cryptocurrencies. You can get started using Aryacoin (AYA) payments simply by having a CoinPayments account!
1.1.7 ARYANA CENTRALIZED EXCHANGE
Aryana, the first Iranian exchange is a unique platform with the following features:
The first real international Persian exchange that obtains international licenses and is listed in CoinMarketCap.
The first Iranian exchange that has been cooperating with a legal and European exchange for 3 years.
The possibility of trading in Tomans (available currency in Iran) at the user’s desired price and getting rid of the transaction prices imposed by domestic sites inside Iran.
There is an internal fee payment plan by Iranian domestic banks for depositing and withdrawing Tomans for Aryacoin holders in Aryana Exchange.
The number that you see on the monitor and in your account will be equal to the number that is transferred to your bank account without a difference of one Rial.
The last but not least, noting the fact that there is a trading in Tomans possibility in Aryana exchange.
Aryana Exchange is using the most powerful, fastest, and most expensive server in the world, Google Cloud Platform (GCP), which is currently the highest quality server for an Iranian site, so that professional traders do not lag behind the market even for a second. The feature of Smart Trading Robots is one of the most powerful features for digital currency traders. Digital cryptocurrency traders are well aware of how much they will benefit from smart trading robots. In the Aryana exchange, it is possible to connect exchange user accounts to intelligent trading bots and trade even when they are offline. The injection of $ 1 million a day in liquidity by the WhiteBite exchange to maintain and support the price of Tether and eliminate the Tether fluctuations with Bitcoin instabilities used by profiteers to become a matter of course.
1.1.8 HOW DOES ARYACOIN WORK?
Aryacoin (AYA) tries to ensure a high level of security and privacy. The team has made sure to eliminate any trading restrictions for the network users: no verification is required to carry out transactions on AYA, making the project truly anonymous, decentralized, and giving it a real use in day-to-day life. The Delayed-Proof-of-Work (dPoW) algorithm makes the Aryacoin blockchain immune to any attempts of a 51% attack. AYA defines a coin as a chain of digital signatures — each owner transfers the coin to the next owner by digitally signing the hash of the previous transaction and the public key of the next owner, and the receiver verifies the signatures and the chain of ownership.
2. ARYACOIN TECHNOLOGY
They use a proof-of-work system similar to Adam Back’s Hashcash to implement a distributed timestamp server on a peer-to-peer basis, rather than newspaper or Usenet publications. The proof-of-work involves scanning for a value that when hashed, such as with SHA-256, the hash begins with a number of zero bits. The average work required is exponential in the number of zero bits required and can be verified by executing a single hash. For their timestamp network, they implement the proof-of-work by incrementing a nonce in the block until a value is found that gives the block’s hash the required zero bits. Once the CPU effort has been expended to make it satisfy the proof-of-work, the block cannot be changed without redoing the work. As later blocks are chained after it, the work to change the block would include redoing all the blocks after it. The proof-of-work also solves the problem of determining representation in majority decision making. If the majority were based on one-IP-address-one-vote, it could be subverted by anyone able to allocate many IPs. Proof-of-work is essentially one-CPU-one-vote. The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it. If honest nodes control a majority of CPU power, the honest chain will grow the fastest and outpace any competing chains. To modify a past block, an attacker would have to redo the proof-of-work of the block and all blocks after it, then catch up with, and surpass the work of the honest nodes.
The steps to run the network are as follows:
New transactions are broadcast to all nodes.
Each node collects new transactions into a block.
Each node works on finding a difficult proof-of-work for its block.
When a node finds a proof-of-work, it broadcasts the block to all nodes.
Nodes accept the block only if all transactions in it are valid and not already spent.
This is a very simple system that makes the network fast and scalable, while also providing a decent level of anonymity for all users. Users can send their transactions to any of the public nodes to be broadcast, and the private key of the sender’s address should sign any transaction sent to the nodes. This way, all transaction info remains strictly confidential. It also allows users to send transactions directly to the node from any place at any time and allows the transferring of huge amounts with very low fees.
2.3 AYAPAY PAYMENT SERVICES GATEWAY:
According to creators Aryacoin, the development team has succeeded in inventing a new blockchain technology for the first time in the world, which is undoubtedly a big step and great news for all digital currency enthusiasts around the world. This new technology has been implemented on the Aryacoin AYAPAY platform and was unveiled on October 2. AYAPAY payment platform is the only payment gateway in the world that does not save money in users’ accounts and transfers incoming coins directly to any wallet address requested by the gateway owner without any additional transaction or fee. In other similar systems or even systems such as PayPal, money is stored in the user account.
2.4 CONSENSUS ALGORITHM IN ARYACOIN
The devs introduced the Delayed-Proof-of-Work (dPoW) algorithm, which represents a hybrid consensus method that allows one blockchain to take advantage of the security provided by the hashing power of another blockchain. The AYA blockchain works on dPoW and can use such consensus methods as Proof-of-Work (PoW) or Proof-of-Stake (PoS) and join to any desired PoW blockchain. The main purpose of this is to allow the blockchain to continue operating without notary nodes on the basis of its original consensus method. In this situation, additional security will no longer be provided through the attached blockchain, but this is not a particularly significant problem. dPoW can improve the security level and reduce energy consumption for any blockchain.
2.5 DOUBLE-SPEND PROBLEM AND SOLUTION
One of the main problems in the blockchain world is that a receiver is unable to verify whether or not one of the senders did not double-spend. Aryacoin provides the solution, and has established a trusted central authority, or mint, that checks every transaction for double-spending. Only the mint can issue a new coin and all the coins issued directly from the mint are trusted and cannot be double-spent. However, such a system cannot therefore be fully decentralized because it depends on the company running the mint, similar to a bank. Aryacoin implements a scheme where the receiver knows that the previous owners did not sign any earlier transactions. The mint is aware of all transactions including which of them arrived first. The developers used an interesting solution called the Timestamp Server, which works by taking a hash of a block of items to be ‘timestamped’ and publishing the hash. Each timestamp includes the previous timestamp in its hash, forming a chain. To modify a block, an attacker would have to redo the proof-of-work of all previous blocks, then catch up with, and surpass the work of the honest nodes. This is almost impossible, and makes the network processes more secure. The proof-of-work difficulty varies according to circumstances. Such an approach ensures reliability and high throughput.
3. ARYACOIN ROADMAP
April 2019: The launch of Aryacoin; AYA ICO, resulting in over 30BTC collected December 2019: The launch of AYA Pay April 2020: The successful Hamedan Hardfork, supported by all AYA exchanges, aimed at integrating the dPoW algorithm, improving the security of the AYA blockchain. June 2020: Aryana Exchange goes live, opening more trading opportunities globally July 2020: The enabling of our Coin Exchanger November 2020: The implementation of Smart Contracts into the Aryacoin Ecosystem Q1 2021: Alef B goes live (more details coming soon)
Aryacoin (AYA) is a new age cryptocurrency that combines the best of the blockchain technology and strives to deliver high trading and mining standards, enabling users to make peer-to-peer decentralized transactions of electronic cash. Aryacoin is part of an ecosystem that includes payment gateway Ayapay and the Ayabank. AYA has a partnership with the Microsoft Azure cloud platform, which provides the ability to develop applications and store data on servers located in distributed data centers. The network fee for the AYA Blockchain is 0%. In Ayapay service, which has been developed by the Aryacoin team, all funds without extra fees or costs are directly forwarded to users’ wallets with technology called CloudWithdrawal. The devs team is introducing new use cases including exchanges where users will exchange AYA without any restrictions. You can buy AYA on an exchange of your choice, create an Aryacoin wallet, and store it in Guarda.
IPFS— The New-gen Tech Revolution, or Another Illusion?
Founded in 2014, after 6 years of R & D as well as its expansion, and after nearly a year of extensive testing and preparation, IPFS (Interplanetary File System) was officially launched on the afternoon of October 15, 2020, UTC time. 12 hours after the mainnet went online, Its token price fluctuated between 50~70 USD/FIL. However, panic and pessimism began to spread between the IPFS community and FIL token holders. Based on the total amount of FIL (2 billion) and the unit price of 50 US dollars estimation, its market value has exceeded 100 billion US dollars, second only to BTC. As such a mega valued IPFS/FIL went online, if there is no enough application to support, the selling pressure after the FIL is gradually unlocked will become huge. According to calculations, on the first day of the mainnet launch, there will be 239,000 FILs to be sold. Assuming that the unit price is 30 USD, the released circulation will be 8 million USD. Assuming the unit price remains unchanged, the market will usher in a similar value on the 10th day. With a release amount of 15 million USD, it is very likely that the corresponding token price can be supported. IPFS is a network transmission protocol designed to create persistent and distributed storage and sharing of files. In terms of its current active projects and companies, IPFS has added more than 5 billion files, involving multiple industries, and there are also many blockchain companies using this technology. When the IPFS mainnet and its Filecoin goes online, the market value will be based on the applications brought by the IPFS network. After Bitcoin and Ethereum, Filecoin is an upstart in the blockchain industry with a revolutionary technological breakthrough. The market predicts that Filecoin’s market value will surpass Bitcoin. Now let us analyze this project together that was given high hopes: IPFS major features and disadvantages The basic application of IPFS, Filecoin’s financial attributes and its incentive mechanism make it a very exciting global collaborative open source project. On this basis, the data of all mankind is stored in the IPFS network, and no one can tamper with it. This magnificent scene provides at least three values for us:
It creates a storage network service that is license-free and trust-free. This is very important. When you want to access a digital file, you don’t need to get approval or filing from any organization, and strict certification. As for non-centralized trust, it does not require user to trust the supplier that provides storage services, which significantly reduces the cost.
The successful application of IPFS will most likely enable all idle storage resources in the world to be gathered to form a network and be effectively used, and such a network is unprecedented.
Through such a model, network redundancy can be effectively reduced, and the complete separation of data can be achieved. There is no need to store files in a fixed location, only the content needs to be stored in an IPFS and Filecoin network.
However, Plentiful in ideal yet bony in reality. The design flaws of the IPFS project make it difficult to truly apply in the practical environment. Its design flaws mainly focus in the following aspects:
Cannot support hot data storage.
Based on the principle of data timeliness, the higher the frequency of data access, the greater the value of the data possess. At present, IPFS only supports cold data storage scenarios. The lack of support for network transmission makes it impossible to establish a transmission network for hot data, which means the lack of the most valuable support for the network.
The disaster tolerance mechanism is missing.
Disaster tolerance means that when an IT system stops working due to an accident (such as fire, earthquake, etc.), the entire application system can be switched to another location so that the system functions can continue to work normally. IPFS / Filecoin does not provide reliable disaster recovery and recovery mechanisms for storage users. Storage miners arecentrally handling disaster recovery backup and recovery works, resulting in an increase in storage space redundancy by 2–3 times.
The storage performance is reduced by more than 60 times.
The IPFS data verification mechanism is too ideal and complex, and its storage performance is more than 60 times lower than that of a traditional centralized storage system. 1TB files usually need to be verified for more than 10 hours and cannot be stored normally and efficiently.
Centralized technology architecture.
IPFS requires pretty advanced hardware, which leads to a very high threshold for joining its storage network. At present, only specialized storage devices can join the IPFS network as storage nodes. This means that IPFS initially advertised to users that connecting ordinary idle storage and reducing storage costs, has become a flubdub. It is difficult to store the entire network in a centralized structure in a disguised form, which cannot greatly reduce the storage cost of the entire network and ensure the security of the entire network.
Due to the lack of the decentralized governance mechanism, its governance is too despotic, leading to a certain harm to the participated communities.
The above are the main obstacles currently hindering IPFS and Filecoin. The good news is that some of them can be improved and perfected, while some are design mechanism problems and cannot be fixed. Let’s take a look at another project initiated in the tech circle in 2017 — -HOP: What is HOP The HOP protocol provides a decentralized and completely anonymous traffic service for people all over the world based on block chain. HOP combines P2P network transmission and block chain technology to establish a block chain micro-payment protocol based on the block chain transmission encryption protocol between P2P network bandwidth contributors and bandwidth users, and merge it into traffic mining. In the mining pool side, the whole protocol is built on the main network, which has Micro Payment and mining functions. In addition, HOP also supports traffic mining of ERC20 in any currency. So far, HOP is the only protocol that combines the above functions and is officially available in commercial application. It can provide terminal nodes for secure access to decentralized networks. HOP features and comparison with IPFS HOP and IPFS have certain similarities. The following table is a comparison of the two projects in terms of technology and application characteristics: https://preview.redd.it/d4klovzngmt51.png?width=1178&format=png&auto=webp&s=f14f0b2290430f6861f6da27f2d1e47ed196b741 Why HOP might be a phenomenal project in the future Compared with the disadvantages of IPFS which are not supporting for hot data storage, low storage efficiency, low disaster tolerance and the high threshold of providing storage capacity, The advantages of HOP are summarized as follows:
High operating efficiency.
The smart micro-payment system runs payments with unlimited TPS, and the efficiency is 90% higher than Ethereum.
High level of open source. Supports all ERC-20 token access.
Low threshold of participation.
Any participant who has a certain fundamental knowledge of computer science and network technology can set up mining pools and miners.
It can be combined with Starlink satellites, repeaters, sim/esim cards and mobile phones in actual application scenarios to form a next-generation distributed interconnected communication network globally. At present, most of the participants of HOP are top tier tech specialists, famous investors and politicians with global vision. We believe that projects like HOP, due to the open source and far-sighted technical foundation, which can not only achieve internal self-consistent circulation, but also integrate well with external ecology. Just as water conservancy is invisible, HOP has unlimited inclusiveness and scalability, and has a strong platform-level vitality! We are looking forward to the accumulation of HOP, bringing a revolution in technology and applications to the blockchain and the practical universe!
I am the creator of BitcoinDuLiban.org. I am on a mission to educate Lebanese about the importance and usefulness of Bitcoins in their lives. AMA
What is Bitcoin?
Bitcoin (₿) (ticker BTC)is an open source cryptocurrency. It is a decentralized cryptographic currency without a central bank or single administrator in control that can be sent from user to user on the peer-to-peer bitcoin network without the need for 3rd person in between like bank, or payment processor or institution all transaction processing and verification is carried out collectively by the network. Find out more at http://www.bitcoinduliban.org/
Why Bitcoin is the future?
Bitcoin emerged in 2009 as more economies across the world started losing trust in the current banking model. Institutions that have been around longer than ourselves have changed very little throughout our lifetime. Not only does the lack of trust, and stagnant change of banks allow Bitcoin to thrive, but also the possibility of eliminating inflation. Bitcoin saw the opportunity to take the power out of the institutions and provide a better service, and the people responded. Bitcoin operates universally, meaning for the first time, there is a possibility of a global currency. With truly international currency possibilities for global economic growth, social equality, self-sovereignty is endless.
Why Bitcoin and not others?
It is a very good question, there at the moment of writing over 2000 projects and “coins” that emerged after Bitcoin. Many of them claim to be faster, better and more flexible than Bitcoin however very few have withstood the test of time or delivered their proposed product. The basic fundamentals of Bitcoin’s principle monetary policy are unprecedented, and by now, it is impossible to replicate its level of decentralization or network security, which is powered by a computer network as powerful as almost 12 trillion Intel Core i7 processors. Bitcoin also has the largest social / community strength. I would HIGHLY advise against investing or getting dragged into any project that claims superiority, I have single rule : if it says it's better than Bitcoin then its what we call “scam-coin” you will only get pulled in and lose your bitcoin/usd value causing a lot of pain and sadness . Sit down, read, learn and be patient, you will not miss out on anything over night and if something is rising in price quickly most likely it will crash as fast.
Does bitcoin have an applicable use in daily life or is it only for holding for future gains?
Bitcoin has taken over the cryptocurrency market. It’s the largest and most well-known digital currency today. Many large companies are accepting Bitcoin as a legitimate source of funds, you can use your Bitcoin at but not limited to : KFC, Burger King, Microsoft, AT&T , Expedia, Subway, Twitch, Virgin Galactic and many more just look it up. You can look up merc and services at https://spendabit.co/ So if you are living abroad, you can use your bitcoin just like any other known currency in addition there are Debit cards in collaboration with VISA network offers that are backed by Bitcoin making you able to pay with it anywhere in the world just with a swipe or tap.
As Lebanese in Lebanon, how can I buy or sell bitcoin ?
In Lebanon unfortunately we can not use our banking system to purchase bitcoin, there was a time where rain.bh an UAE based exchange was accepting Lebanese Cards, till it was stopped but give it a try we weren’t able to confirm all cards. Therefore most common way to buy bitcoin in lebanon is using P2P which is person to person exchange, this can be through an international website such as localbitcoins.com or hodlhodl.com , all you gotta do is find a sell offer initiate transaction with seller , send him his payment using WesterUnion or Moneygram and once the seller receives payment your bitcoins will be released but make sure you use escrow service which ensures safety of your transaction therefore bitcoins you are buying are frozen for the seller and he can not retrieve them unless you fail to pay or run out of time window to pay. Another p2p way is through local bitcoin communities , there are plenty of traders willing to exchange with you however always ask for the reputation of the seller inside a group and never respond to private messages unless it is a confirmed reliable trader just to avoid losing and being scammed. Feel free to find out more about how to buy in Lebanon at http://www.bitcoinduliban.org/
If I have a bank account outside Lebanon, can I use bitcoin to transfer money from Lebanon to my bank account outside?
It is possible to transfer Bitcoin to an international account in the USA or EU for example, you would need to use recognized exchanges such as coinbase.com kraken.com and many others. It would be as simple as sending BTC to your coinbase account, converting to USD and withdrawing it to your account. However you must take few precautions, if you are sending a significant amount of BTC and converting it to USD you will need some kind of proof that these funds are yours otherwise you might get investigated for money laundering. So is it convenient to send ? I do not think so, if you managed to get what we call now in Lebanon “ Fresh USD” it would be much less of a hassle to simply initiate an international transaction.
Why would I want to send Bitcoin to my family or friends in Lebanon ?
This is where I believe BTC can shine for us, you can use exchanges as coinbase,kraken or any prefered place to purchase some bitcoin that can be transferred to your family wallet within minutes. Your family or friends can exchange bitcoin or part that is needed with local traders to LBP at desired exchange rate therefore you are not forced to exchange at rates given by WesterUnion, after which they will be able to do their daily purchases and mitigate inflation rates to some extent. You can send as little as $1 and the transaction costs less than $1 for any amount.
Why is the Bitcoin price so volatile ?
Indeed it can be, sudden swings of 20% both ways are considered normal if you look at daily data, however bitcoin since 2009 had only one trend which is upward, 80% chance is if you bought BTC at any moment in past 2 years is that you are on break even or positive not loss. Feel free to try this exercise by going to https://dcabtc.com/
Should I invest?
NO. Now since we got the short version of this, let me elaborate. By the end of the day it is a new class of an asset, the price is still in the discovery phase and it could cause a lot of pain and sleepless nights if you invest more than you can chew to possibly lose. No one can advice you what to do with your money and how to position them, however i highly encourage to read, educate yourself on money before investing in BTC a good start would be https://bitcoinduliban.org. Please ask more knowledgeable bitcoin users and double check sources , once you feel confident enough that you understand this monetary system you can try dipping your toes with small amounts and build your position from there. Just stay away from quick gains schemes such as “online mining” “cloud mining” and anything that offers 100% returns in a very short time, if it's too good to be true then it's a scam.
Scams, BE AWARE.
Due to our difficult situation we are being targeted by constant advertisement of potential new solutions using “newly developed cryptocurrencies“ , unfortunately such new technology does not exist and they are trying to take advantage of us by promising fake solutions. Even Bitcoin can not provide you with a solution to your hard worked money being inaccessible in any Lebanese bank. Here are few typical scam msgs:
“A new amazing great best investment …”
“Start mining Bitcoin now … just send us xx initial investment”
‘XX is a new digital currency being developed by a group of Stanford PhDs”
“Elon musk give away - Send us 0.1 BTC or other crypto to get 10x the amount, NOW”
“Apple Bitcoin Give away, watch now”
“200% gains with mining, just set up a node”
“This New amazing crypto will do 100x do not miss out like you did with Bitcoin”
“Download this X wallet and we will give you 5 BTC for free !”
Want to know why NEM should be as popular as Ethereum? this will be bigger than any altcoins you see, here's why
Altcoin Explorer: NEM (XEM), the Enterprise-Grade Blockchain Platform
https://preview.redd.it/5ogfihikwkg51.png?width=1300&format=png&auto=webp&s=099780e02777d16d4e2add64b249c46da1cd488b Nestledamong the top 40 cryptocurrencies by reported market cap, New Economy Movement — popularly known asNEM(XEM)– isapeer-to-peer (P2P), dual-layer blockchain smart contract platform written in one of the most influential programming languages, Java. NEM uses the proof-of-importance (POI) consensus algorithm that essentially values the tokens held and the activity conducted by thenodeson the blockchain network. In this Altcoin Explorer, BTCManager delves deeper into the finer intricacies of the NEM blockchain protocol, including the project’s POI consensus algorithm, its native digital token XEM, and some of its real-world use-cases. Without further ado, let’s get to the core of this high-performance distributed ledger technology (DLT) platform.
History of NEM
NEM was launched on March 31, 2015, with an aim to develop an enterprise-grade blockchain protocol that could circumvent the infamous trilemma of blockchain: scalability, speed, and privacy. Operated by a Gibraltar-registered NEM Group, NEM is a fork-out version of the NXT blockchain. After the successful fork, the NEM community decided to build its ecosystem from the ground up and developed its own codebase to make the network more scalable and faster. NEM’s insistence toward building its own tech infrastructure led to a DLT protocol that is unlike anything resembling other similar platforms. Today, NEM ranks among the top go-to blockchain platforms for enterprises across the world, rivaling competing protocols including Ethereum (ETH), and TRON (TRX), among others.
NEM’s Proof-of-Importance (POI) Algorithm
Unlike Bitcoin’s (BTC) energy-intensive Proof-of-Work (PoW) and Ethereum’s yet-to-be-implemented Proof-of-Stake (PoS) consensus algorithm, NEM uses PoI consensus mechanism. The PoI mechanism achieves consensus by incentivizing active user participation in the NEM network. This consensus infrastructure ensures an agile decentralized network by rewarding well-behaved nodes that not only possess a significant stake in the network but are also actively engaged in executing transactions to maintain the network’s robustness. Specifically, each node in the network possesses an ‘Importance Score’ that impacts the number of times the said node can ‘Harvest’ the XEM altcoin. Initially, when a user puts XEM tokens into their wallet, they are called ‘unvested coins.’ Over time, as the wallets start accumulating an increasing number of XEM and contribute to the network’s transaction volume, they start collecting importance scores. At the same time, the XEM tokens in these wallets change into ‘vested coins,’ provided that there are at least 10000 tokens in the wallet. To put things into perspective, let’s take the help of a small example. On day 1, Joe receives 50,000 XEM in his digital wallet. Now, with each passing day, the NEM network will ‘vest’ 10 percent of the tokens held by Joe. So, on day 2, 5,000 tokens held by Joe are vested into the network. On day 3, 10 percent of the remaining tokens – 15,000 XEM – get vested into the network, leaving Joe with 13,500 XEM, and so one. After a couple of days, Joe sees that the number of XEM vested by him has crossed the 10,000 coins threshold, thereby, making him eligible to seek rewards from the NEM blockchain for his contribution to vesting his tokens. Close followers of blockchain projects would find the aforementioned network reward mechanism bear a close resemblance to the PoS consensus algorithm. However, it’s worthy of note that vesting coins is just one way of calculating a node’s importance score. The NEM protocol also rewards nodes that are responsible for most activity on the network. In essence, this means that the higher the number of transactions executed by a node, the more likely it is to gain higher importance points. The balance between vesting XEM and network activity is an important metric to be maintained by NEM nodes as it directly impacts their likelihood of harvesting XEM. NEM’s consensus algorithm does away with several issues plaguing the more energy-intensive protocols such as PoW. For instance, PoI does not necessarily require high-energy hardware to run the nodes. The decentralized nature of the algorithm means that almost any machine — irrespective of its tech configuration – can participate in the NEM ecosystem ensuring it remains decentralized.
NEM’s Native Digital Token — XEM
XEM, unlike the vast majority of other cryptocurrencies, isn’t mined or staked using Pow or PoS algorithms. Rather, as explained earlier, XEM is ‘harvested’ through the PoI algorithm which ensures a steady supply of the digital token without flooding the market and involving the risk of a dramatic crash in price. Per data on CoinMarketCap, at the time of writing, XEM trades at $0.04 with a market cap of more than $382 million and a 24-hour trading volume of approximately $6.8 million. The coin reached its all-time high of $1.92 in January 2018. A large number of reputable cryptocurrency exchanges trade XEM, including Binance, Upbit, OKEx, Bithumb, ProBit, among others. The digital token can be easily traded with BTC, ETH, and USDT trading pairs. That said, if you wish to vest your XEM to partake in the maintenance of the NEM network and earn rewards, it is recommended you store your tokens in the official NEM Nano wallet for desktop and mobile OS. Only XEM tokens held in the official NEM Nano wallet are eligible for vesting.
To date, NEM has been deployed for various real-world applications with promising results. In 2018, Ukraine launched a blockchain-based e-voting trial leveraging the NEM DLT platform. At the time, Ukraine’s Central Election Commission – with the local NEM Foundation representation – estimated the test vote trial in each polling station could cost as low as $1,227. The organization’s Oleksandr Stelmakh lauded the efforts, saying that using a blockchain-powered voting mechanism would make it impossible for anyone to fiddle with the records. The Commission added that the NEM protocol presents information in a more user-friendly format for voters. In the same year, Malaysia’s Ministry of Education launched an e-scroll system based on the NEM blockchain to tackle the menace of fake degrees. The University Degree Issuance and Verification System use the NEM blockchain which is interrogated upon scanning of a QR code printed on the degree certificate. The Ministry added that one of the primary reasons for its decision to selected the NEM platform was its unique and cutting-edge features in managing traceability and authentication requirements. On a recent note, the Bank of Lithuania announced that it would be issuing its NEM blockchain-powered digital collector’s coin (LBCoin) in July after the successful completion of its testing phase.
Summing up, NEM offers a wide array of in-house features that separate it from other blockchain projects in a space that is becoming increasingly congested. NEM’s creative PoI consensus algorithm is a fresh take on the PoS algorithm for performance enhancement. Further, the project’s newly launched enterprise-grade DLT solution, Symbol, offers a tremendous option to businesses to help them cut costs, reduce complexities, and streamline innovation. NEM uses the Java programming language that makes it an easy project for developers to get involved with, unlike other projects such as Ethereum that use platform-specific programming languages like Solidity. The project’s tech infrastructure not only makes it less power-intensive compared to Bitcoin but also more scalable than its rival projects including Ethereum and NEO. NEM’s tagline, “Smart Asset Blockchain, Built for Performance,” perfectly captures everything the project has to offer. Over the years, NEM’s active developer community has craftily addressed the notorious bottlenecks in the vast majority of blockchain solutions, The future looks promising for NEM as it continues to foster a trustless and blockchain-driven economy for tomorrow. Source
AITDblockchain is declaring war against anti-Globalization.
What consequences will Anti-Globalization bring? World financial structure is experiencing shocks from wide range of Anti-Globalization moves. The results of the impact are diversified. Overall, the impacts of Anti-Globalization are mostly negative: Economy recession, extensive unemployment rate, global payment channel forced to shut down, economy monopoly. To fully understand the disadvantages of Anti-Globalization and fight against it, first we need to understand how "Anti-Globalization “begin. Anti -Globalization movement enthusiasm has been skyrocketing since 2016. Unlike any other protests from previous years, the participants, size, global influences of this Anti-globalization protest are exceeding any previous Anti-Globalization protests. The root cause for Anti-Globalization ideology skyrocketing is that many countries started looking for new economy support after economic crisis happened in 2008, overall global economy recovery experienced fatigue; The main characters are UK and US in this movement, Brexit and Global trade protectionism accelerating is the direct cause for this Anti-Globalization movement. This vigor and vital anti-globalization movement brings tremendous influences to world economy, there are two obvious impacts. https://preview.redd.it/h3vwhd1y88m51.png?width=652&format=png&auto=webp&s=88b6902d5f6e20629bd881f871fe06ea9463daa9 US Manufacturing industry back flow: Data shows that US manufacturing industry' increased value was around 30% worldwide in the 2000 market and rapidly decreased to 17% in 2014 worldwide. Therefore, in recent years, US is enforcing the method to facilitating manufacture backflow; US is requiring their corporation to stop investment in building companies outside of US, moving companies back to US as soon as possible. On one hand, US is giving corporations large portion of tax deductions for corporations which move back to US. On the other hand, US is putting pressure on corporations and declaring increasing border trade taxes if companies refuse moving back to US; In terms of real situation, many foreign companies show the tendency of moving back to US, as time goes by, this phenomenon will be more obvious. US manufacturing industry back flow will cause other countries' economy status to be unstable. It is not a friendly move for most countries which economy status stay in medium level. Enhancing trade protection: US indicates that it will collect punitive tariff for those countries have trade surplus, comparing manufacturing back-flow phenomenon, this movement will cause unpredictable influences for trade deficit countries. If US is insisting on continuing this evil competition, it will experience endless trade revenge. Once these types endless competitions start spreading across the nation, it will not only disrupt the order of international trade, but also have influences on global economy development. Fully armed and resist recession In many years, Anti-Globalization has undefined impact on world economy, many countries’ manufacturing industries and employment rate have suffered certain level of influences; Many countries’ economy development were restricted under monopolistic operation; Until 2009, Bitcoin father Satoshi Nakamoto distributed the First digital currency-Bitcoin, after that, digital currency was brought into public. As Bit-coin value starts climbing, Bitcoin decentralization and consistent distribution amount traits are bringing hopes to financial practitioners. In recent years, economy crisis and anti-globalization are continuing constantly, financial field starts experiencing digital assets initiatively or passively just because digital currency is able to use blockchain technology as it's layer structure, achieving open source finance. At the same time, Bit-coin decentralization trait is entrusting high flow value and financial expansion spaces to Bit-coin. As blockchain industry is growing at extreme speed, the concept of decentralization has becoming well-known vocabulary compare to two to three years ago. People rarely ask "what is blockchain" now; As blockchain technology is developing and promoting, assets digitalization and finance globalization are becoming one of the important tools to fight against anti-globalization. https://preview.redd.it/dqjd29zy88m51.png?width=647&format=png&auto=webp&s=79abd577fd13053b3b8b54971ee3cd0e085c1936 Currently, Global central banks are starting exploring and developing digital assets, hoping to build a broad future through digital asset system for national economy development; Britain, Japan, Sweden multinational government are promoting Central Banks Digital Currency research development process. Under strong upcoming anti-globalization movement, technical power seems to be extremely important, we can use the best block chain technology to build a decentralized financial system which links the whole world , allowing assets digitalization working on chain, achieving global finance online incorporation in order to fight against the negative impacts that brings by anti-globalization; From trade to social networking, from payment to loan, decentralized finance platform can almost satisfied bright future vision such as to resist economy recession, to create financial future etc. In multiple decentralized financial platform projects, AITD Blockchain technique and global financial layout are performing at its best level; Base on the understanding of blockchain, AITD Blockchain will provide convenient and efficient deposit, loan, payment, settlement, transfer, electric invoices, digital credit, account management, currency exchanges, P2P finance, investment money management, financial information according public chain infrastructure facilities and also through assistance of modern digitalized communication, blockchain, mobile communication and internet of things techniques so on, which are a series of whole seamless direction , convenient, safe, high speed decentralized financial services. AITD Blockchain will transfer traditional banks services completely to block chain community , which is to build a brand new decentralized banking systems; The main services are operating completely online for decentralized banks, which are covering the globe without considering time and spaces constraint; Meanwhile, decentralized banking system has powerful and safe platforms, ensuring procedures can be completed online, easy processes, convenient services, fast, efficiency, reliable, allowing 7*24 services available. Decentralized banks are customer oriented, achieving public sharing,transparent,open,global interrelated. Global finance, Connect the world Teams are indicating that the original purpose is circulating around world for AITD Blockchain, it allows digital assets linking value, integrating blockchain application into daily life is our ultimate graceful goal;AITD Blockchain team and consultant are mainly coming from Singapore, Europe and America, Australia and Hongkong(China) etc. who have rich working experiences and deep understanding in technique development, blockchain digital assets and financial fields. AITD Blockchain will be designed to be a completely open blockchain platform, any developers can start DAPP development based on AITD public chain; Therefore, AITD Blockchain will not interrupt developers and DAPP directly, platform employees can communicate with developers instantly, to provide long-term operation and healthier DAPP ecosystem establishment advice. AITD Blockchain is going to achieve around 10 thousand DApps ecosystem bearing capacity goal, realizing real globalized financial ecosystem. https://preview.redd.it/pf03t3c098m51.jpg?width=2000&format=pjpg&auto=webp&s=7f18a87669fdad48f41cd14d5958adbf310d753a Public chain is going to adopt STTC consensus algorithm , perfecting incentive mechanism, fully encouraging nodes participation, bringing more value benefits for project participants’. AITD Blockchain is integrating banks, insurance, Trust, even social networks and financial trade diverse grounded ecosystems etc., building global decentralized financial ecosystem, achieving all data to be uploaded on chain, which is defined as valuable future, covering the globe through powerful and perfect financial ecosystem, driving finance to develop globally, providing strength for economy downturn which caused by fighting against anti-globalization. Currently, AITD Blockchain is not only creating smart public chain, overcoming cross chain technical bottleneck; but also cooperating with multiple public chain developing team, building various field of cross chain DApp ecosystem which is covering insurance, Trust , game competition, social networking; AITD Blockchain is allowing developers mainly concentrating on business logic through DOCKER'S easy arrangement, realizing developers friendly, achieving perfect balance between data transparency and business secret. At the same time, AITD Blockchain vast application scenarios are including insurance, Trust, communication, finance, trade game, supply chain, corporation services etc., multiple blockchain appropriate grounded application scenarios; In the near future, blockchain technology will achieve broad grounded application in government affairs, media, medical health, internet of things, supply chain, entertainment various industries, creating infinite applied value for soceity,AITD is going to generate new complete ecosystem and powerful business value as blockchain technique is extending globally; Team is believing that AITD Blockchain ecosystem will bring new round era opportunity to merchants from different fields, individual, bank industry, and all other industries. Besides that, AITD Blockchain can also provide fair, justice, compliant, reliable, free flowing value platform to global qualified blockchain digital assets project. Providing fair, efficient, open, technical environment for global digital economy in order to slow down economic predicament under anti-globalization trend; AITD Blockchain is following the idea of " Connect the world, crypto enlightening the future, the ultimate goal is to achieve Universal deposit, Universal exchanges, Universal transfer for global financial assets.
In the current situation, what can we do? I am not used to write my opinions and thoughts, because in the 18 years that I have lived in a communist country, I have learned that you have to be careful about what you say openly and also in public. But this time, I think it is necessary for other people to think very well, about what am I going to say. “When the people fear their government, there is tyranny; When the government fears the people, there is freedom” – Thomas Jefferson. What we are experiencing now, in Spain and worldwide, is the beginning of an evil plan of attack against humanity, against freedom and against society as we have lived until now. Many of you do not believe it when someone tells you, that what is happening now, is a way in which a totalitarian communist regime is going to take over not only Spain, but all of Europe and the whole world. I know you don’t believe this, but A PERSON WHO HAS LIVED IN COMMUNISM SAYS IT and I’ve seen how they operate, how they change people’s minds, how they use subversion, manipulation, and propaganda to get into people’s minds. It is part of their “instruction manual” that is well described by an ex-KGB agent in his famous interview in 1984. Listen carefully, everything he says is TRUE, and it’s happening right now. My opinion, what to do in this situation is the following. And I don’t care about all of of those from The Covidian Cult who are against this. This is my opinion and NO ONE can take it away from me or say that I am wrong. So from this moment, hey, trolls, this is for you: FUCK OFF!
First rule: Aggressive communism CANNOT be countered with “democratic tools”. It is a misconception that these tools are going to work against a villain who has ALL the keys and tools to make your “tools” unusable and ridiculous. With its propaganda and manipulation apparatus, it will always have more power against your tiny possibilities. Any “civil and democratic movement” is going to be: infiltrated from the beginning, with sleeping agents from the beginning, which will later become agents of dismemberment. The members of a movement are NOT going to realize who is who. And even if there are people with good intentions and a good heart, fighters, it would be for nothing, exactly these are going to be the most manipulated, without realizing it.
Don’t forget an important thing: in this so called “democracy” THERE IS NO LEFT AND RIGHT, they are all equal, on the same side and this side IS AGAINST HUMANITY. The fucking bankers and elites are financing ALL the parties, no matter what color and ideology they are in public. What we are experiencing is NOT a democracy! Let this to be clear! Democracy is when the people really decide and not just some politicians. And it would also be a democracy when politicians would be criminally responsible and with their lives for the decisions made. If you think that any party is going to fight for you, then you have already lost the battle. The battle is won by you, as an individual, because you have enormous power, but you still do not realize it: say NO, DISOBEDIENCE.
Communist leaders don’t give a damn about protests and demonstrations. Any demonstration on the street, they will manipulate it in their interests, for them it is another tool that they can use EXACTLY against protesters. It does not matter if there are 300 people or 3 million people. They will ALWAYS push that manifestation into their interests, which can be immediate or long-term.
EDUCATION. Yes, this is the primary key. Educate normal people, who 4.do not want or do not have time to inform well themselves about what is happening. Because this happens to us, because people are MISINFORMED and manipulated, bombarded with false information. What people do, like those from ReVelion en la Granja, with groups of direct information in the street, with brochures, with talk sessions, interviews, distributing documents and explanatory brochures, going one by one on the street and explaining to normal people the truth and who are lying to us, opening their minds, THIS is the first thing to do. WAKE UP the maximum number of people. Because only when there is a huge mass of people awake, the communist monster begins to show its ugly and hateful face and its feet of mud begin to collapse … Every city, town, region has to organize information sessions for people, in the Street. Hand out leaflets, make people start to hear something other than just the lies on TV. Make people to think for themselves.
HELP THE LAWYERS AND LEAVE them to do their legal and juridical work, by the way of the law. We still have a lot of laws that protect us. What is doing, Mr. Luis de Miguel Ortega with his ACUS SCABELUM and his consulting Youtube channel, and other lawyers, that there are still some more, who fight for our rights, they do it very well, and it is a very important part of the fight, which the communist elites do NOT like at all. Join in collective complaints, denounce as much as possible, all abuses, always be well informed about YOUR rights, consult the lawyer if necessary. Inform well the lawyers who fight for the cause, with well-verified information and if they can be helped in their work.
THE SILENT REVOLUTION – TOTAL DISOBEDIENCE: this is what communism fears, the revolution that is not seen, that does not scream in the streets, that does not protest, that does not fight battles in the city streets, destroying private property and even killing innocent people. And how can this be done? Well, just say NO. Yes, that’s right, at first glance it seems crazy to say this, but think about it, right now, you have lost almost everything, your freedom, your job, your money, your future, your health, everything. You have nothing to lose, just from winning all this back. Now is your last chance. If you take pleasure in your page that the government still gives you, this is just a bribe to keep you quiet. But this will affect the future of your children and humanity.
6.a. DO NOT pay more taxes. If central banks can print / create money out of thin air and give it to governments, as is, why do we keep paying taxes? They always tell us that our taxes build roads, schools, hospitals, etc. But then if you can generate money infinitely for governments, they can leave us alone with our profits, right? 6.b. NO more wearing the mask. A mask is a symbol, the symbol of slavery. If so, just don’t wear it. anywhere, for no time. I’ve seen a lot of videos of people demonstrating against masks, but they wore them when the police walked by. But what is this? A woman cannot be half-pregnant! You either have balls or you don’t. Point and clear. Supermarkets that impose it on you? Well, don’t go there anymore. And report them to Consumer Protection. 6.c. Don’t do the PCR test You already know that it is not worth anything and it is all a scam. I have seen people who accept prostitution to go and do the test because they have asked the job. But these people do not know their rights ?! And here you have an article that you have to read, with a message from the lawyer Luis de Miguel Ortega. 6.d. DO NOT go to work, general strike. If there are companies that prevent you from coming at work without a mask or without a PCR test, you were no longer going to work. General strike. This is necessary that EVERYONE do the same, at the same time. They already pays us shit, so there’s nothing to lose. 6.e. DO NOT protest, just be on the street, walking or if you don’t want to, just being at home. NO protest at all, this is not a matter of asking for something. NOOO, YOU DO NOT ASK FOR YOUR RIGHTS, YOU HAVE THEM ALREADY, point, is over! You do not have to ask the government for anything, you already have everything you need. The government has to ask you for things and first of all apologies and your consent to decide something of common interest. When you go before the government asking for “freedom, rights etc” this is bullshit, this is as if you were asking for some privileges. This is not about privileges, it is about YOUR FUNDAMENTAL RIGHTS, which are also NATURALS and protected by Nuremberg Code y The Universal Declaration of Human Rights that the politicians themselves have signed it and sworn that they will defend it. But now they make themselves forget it. 6.f. NO more use of central bank currency. Yes, this is one of the most important points. These are the coins of slavery, the coins called “fiat”, that can be generated infinitely without any citizen control. Use Bitcoin, the cryptocurrency controlled by the citizen, by each user, which is limited (there will not be more than 21 million BTC), which is decentralized, which is P2P (direct transactions between users, without any intermediary), which is open source , that it is digital, that it cannot be censored, that it has no borders, that NO government or central bank can control or monitor it. Just stop using the banks and we are already winning the fight. And they don’t like this, that’s why from 2009 until today, governments and the media have had the masses in the shadows and misinformation about Bitcoin, because they hate them, because they know that this is going to bring it down from below. But Bitcoin goes on, and it is never going to go away or go away, whatever governments do. Bitcoin is NOT an investment, it is NOT a scam! Bitcoin is PURE MATH! Bitcoin is NOT a currency that someone forces you to use, as a government forces you to use its currency, under the threat of a gun. Bitcoin is free and open. Everyone can participate in the development of the code and everyone can verify it. In addition to this, all users decide any change in the code, directly with their node, with their wallet, with their vote. There are no “representatives”, there are no politicians, there are no CEOs, there are only programmers, developers, users and node operators. Bitcoin is the people’s money, for the people, it is to win back our freedom. Here are some links for those who want to know more about Bitcoin: Bitcoin ResourcesLightning Network Resources RESISTANCE – because if we fight, we may lose, but if we don’t fight, we have already lost.
Diving into the context of blockchains - which are designed as distributed systems - the network of computer nodes is what makes it possible for Bitcoin to be used as a decentralized peer-to-peer (P2P) digital currency. As such, it is censorship-resistant by design and doesn't require a middle-man to be transacted from user to user (no matter how distant they are in the world). On June 16, 2020, decentralized, open-source, peer-to-peer (P2P) digital currency Nano (NANO) got a major upgrade as the project unveiled V21.0 of the Nano node with enhanced performance for deployment on the main network. Nano V21 Athena Goes Live. Nano digital currency got a major shot in the arm recently as the team announced the deployment of V21.0 of the Nano node on the main network. It’s well known that bitcoin is designed as a decentralized peer-to-peer (P2P) network. However, what’s often lost in translation is the sheer amount of machinery that is needed to maintain ... The early version of the Bitcoin blockchain was developed by Satoshi Nakamoto with a team of enthusiasts as an experiment of creating a private digital currency for p2p payments. Satoshi disappeared shortly after, in 2011, but the community continued to develop the network. Bitcoin quickly got the attention of many tech geeks and became popular as the means of payment in the Darknet. People ... The following is a guide on how to earn digital currency online in 2020. This guide lists five ways. Earn Digital Currency Online through Trading You can earn digital currency online through trading on peer-to-peer (P2P) exchanges like Paxful. Trading could mean that you are exchanging one digital currency for another. Instead of getting paid […]
#Masternode #Sinovate #Infinity_Nodes #SIN #deflationary SINOVATE (SIN) is a new Peer-to-Peer (P2P) digital currency and ecosystem which creates unique and modern Blockchain products, services and ... Bitcoin.org I took the most recent version of Bitcoin for a test drive in this video and was able to sync it within 21 hours from start to finish. A personnel record for me. Download your full ... Setting Up Bitcoin Nodes Because Reasons. Decided it was time I started up a bitcoin node. Non-Farm Payroll Tomorrow - Live Trading - S&P 500, Bitcoin, Gold/Silver & US Dollar Conquer Trading & Investing 732 watching Live now Bitcoin's Lightning Network, Simply Explained! Produced by https://CryptoCousins.com: On this episode we install a Bitcoin Core Full Node. Watch as we figure out the process. Join Tony Cecala and Gary Lel...