Ultimate glossary of crypto currency terms, acronyms and abbreviations
Earning Passive Income with Crypto Staking (Legit!)
Okay. So, whether you are new or have been with the bitcoin community for a while, you might not have heard of cryptocurrency staking. Madali lang sya, promise. I will share my experience at the end of this post, pero ano nga ba ang Staking? [SKIP THIS PORTION AND GO TO "HOW TO?" IF YOU DON'T WANT TO BE BORED WITH HISTORY] Compared to bitcoin mining, na sobrang hirap na kasi kailangan mo ng magandang CPU/GPU para lang magka-pera ka. Hindi na sya profittable, kasi malakas sya sa kuryente at bibili ka pa ng mga hardware. Mas eco-friendly ang Crypto Staking. Para syang investment, actually. Hahawak ka lang ng pera sa wallet mo. Mas malaki ang laman ng wallet mo, mas malaki din kita mo. Simple, right? Bakit? Let me introduce you to altcoins. Ang altcoins ay mga cryptocurrency na hindi bitcoin. Example ng mga altcoins ay Ethereum, Litecoin, Dogecoin, and marami pa sila. May mga altcoins na Proof-of-Work (POW). Meaning, kailangan mo talaga ng magandang hardware para maka-mine ka ng bagong coins. On the other hand, may mga Proof-of-Stake (POS) naman na altcoins. Sa mga POS na altcoins, hindi mo kailangan ng napakagandang gaming computer katulad ni Alodia. Ang need mo lang is magkalaman ang wallet mo, at gamit ang balance sa waller, is magva-validate ng mga bagong altcoins. Hindi na ako mag-eexplain pa dahil baka ma bored kayo, so check nyo nalang tong article na to para mas maintindihan nyo: https://www.investopedia.com/terms/p/proof-stake-pos.asp#:~:text=Proof%20of%20Stake%20(PoS)%20concept,power%20he%20or%20she%20has%20concept,power%20he%20or%20she%20has). --------------------------------------------- How to? So paano nga tayo kikita ng passive income dito? Para syang interest - gagamitin ang balance nyo para makagawa ng bagong altcoins. In exchange, may makukuha ka rin sa mga bagong na-validate. Para sayng interest sya bankgo, mas malaki hawak mo, mas malaki din kita mong interest. I won't beat around the bush any longer. Here's how you can start: Ref|Non-Ref Use either of the link above to register to Coinstake.in. Bale, ibibgay nating ang "staking rights" sa kanila. Sila na ang bahala mag-handle ng mga complicated na bahay. Ang gagawin lang natin, is magkaroon lang kayo ng balance sa wallet, and wait. OPTIONAL po ang pag deposit ng pera, OPTIONAL din ang pag-refer. Makaka income pa rin kayo kahit wala kayong ilabas sa bulsa nyo. But of course, more the merrier, which I will share later.
Register using the link above. You can use my referral link, or you can just register normally.
Pag naka-register kana at naka-login na, punta kayo ng faucets. Makakakuha kayo ng libreng altcoins every 60 minutes.
Wait and relax. Every couple hours, is magkaka "stake" or magkakakita si Coinstake. Then, magdi-distribute lang sila ng kita sa mga may balance sa particulat altcoin na yun sa website.
Madali lang, diba? So ngayon, etong altcoins na nakukuha nyo is pwede nyong i-exchange sa mga trading websites para magka BTC kayo. Then, i-withdraw nyo lang sa Coins.ph nyo na account. --------------------------------------------- Personal experience Hindi ko na-discover to actually. May nag-suggest lang sa akin sa Coinpot na subreddit. For the first few days, nagtsaga lang ako sa faucets ng Coinstake. Then, I also spent time on other faucet sites and app. Nag-farm ako ng Dogecoins. Nung naka-ipon na, nag-transfer ako sa Bololex.com. 2 Altcoins ang available sa Bololex - Tokemon (TKM) and Ratcoins (RAT). So, inexchange ko lahat ng Dogecoins ko evenly to Tokemon and Ratcoinsm then inkagay ko sa Coinstake. Siguro nakabili ako ng mga 600,000 na Tokemon, and mga 1,000,000 ng Ratcoin. Ayun, so naghintay lang ako ng 2 days, habang nagcocollect ako sa faucet. Ang TKM ko ay naging 640,000 and RAT ko naman is naging 1,070,000! Not bad for not doing anything. Sit back and relax ako, and may kita ako. Wow! So now I invested P400 lang, and just after 4 days I manage to get approximately 0.00121647 BTC (Sa coinstake kasi, on the upper right corner, it shows an estimates value in BTC). In today value, 784.89 pesos po sya. Screenshot Proof:
FYI, nag start pala ako mid-day ng October 12. So medyo bago rin ako, but I can personally attest na maganda tong website na to. --------------------------------------------- Recommendations on how to cash out Sobrang laki ng transaction fee pag nag cashout ka using BTC. Kung magca-cashout kayo, here's what I recommend.
Convert nyo lahat ng Altcoins nyo into other altcoins. I recommend any of the following: Litecoin, Dogecoin, Bitcoin Cash, Ethereum.
Pagkalagay nyo sa Faucetpay, i-convert nto lahat to just one currency. I recommend namam yung mga sinusupport ni coins ph, which is Litecoin (LTC) or Bitcoin Cash (BCH).
Pag na-credit na coinsph account mo, convert nyo na sa Pesos and kayo na bahala kung paano mag withdraw. :)
--------------------------------------------- Recommended Altcoins Here's what I'm staking right now, since this is what I started with. Tokemon (TKM) / Ratcoin (RAT) Exchange website: https://bololex.com/ I highly recommend Bololex. May games din sila na you can earn what you call BOLO tokens. Pwede mong i-convert yung BOLO sa TKM, which is pang-dagdag din sa balance mo. Minimum bonus TKM you can earn using every few hours is 5000 TKM, which is not bad. Willowcoin (WLLO) / Big Data Cash (BDCASH) / The Big Coin (BIG) / BeanCash (BITB) Exchange website: https://www.unnamed.exchange/ Infinite Ricks (RICK) Exchange website: https://www.altilly.com/ --------------------------------------------- Alam kong mahaba, pero salamat sa pagbabasa :) If you enjoyed staking, you can also consider these 2 websites. Wala nga lang faucets to, so either magdedeposit kayo, or magfafarm kayo ng faucet sa ibang lugar, then transfer nyo dito. Ref|Non-Ref - Stakecube.net Ref|Non-Ref - Stackofstake.com (Yung ipon kong extra na Willowcoin sa Stakecoin may nilalagay din ako dito)
With the exit of FaucetHub, Faucet aggregation sites on the square have become 2. In this article we will teach you how to earn Bitcoins with Express Crypto. In this article we will describe in the most detailed way possible another aggregator, a competitor of FaucetPay, moreover very similar as an interface to FaucetHub. Registration will require a nickname, email address, Bitcoin address, password and the resolution of a Captcha. To earn Bitcoin with Express Crypto follow the secure link below: Earn Bitcoins with Express Crypto After logging in, you will see a dashboard full of information but well set up. We have 2 main menus: one on the left in the form of icons and one hidden under the nickname at the top right. Above we see our current level, the experience needed to go up to the next one and the points we are given in relation to the tasks performed. The center of the page shows the total of our Bitcoin currency wallet and the balance for each cryptocurrency supported by the site (currently 20, including Ex-Silver and Ex-Gold). Clicking Balance will open the transfer page. For each cryptocurrency, the minimum transferable, the commissions to be paid, the waiting time for crediting and the history of all transfers performed are reported. At the top right, 3 icons relating to the messaging system. The Tag lists all messages that include your nick; the envelope lists private messages with other users, the bell reports site updates regarding news, contests and much more. Just below, the number of staff members currently online and the chat always available and open to all. The “nickname” menu Your nickname deserves a separate mention, which on balance is a real menu divided as follows:
Profile, the section with all your data that you entered when registering.
Settings, here you can change your email address, add your phone number and activate 2-factor authentication.
Help, includes the link to the Faq pages, the link to contact the staff or other users and the form to open a complaint.
Referrals, your referrals url to share with friends and contacts that will make you earn 10% on all the Offerwalls they complete. There are also some very useful banners.
Site owner, dedicated to faucet owners who wish to integrate the Express Crypto API within their site through which it is possible to pay their users.
Logout, to log out of the site
The side menu
Dashboard, the home page of the site described at the beginning of the article.
Wallet Adresses, divided into Deposit — in which you have to generate an address for each cryptocurrency to which you want to send funds — and Withdraw, in which to enter your personal address for each cryptocurrency you want to trade.
Exchange, the internal exchange of the site where you can convert the cryptocurrencies you have earned between them.
Offerwalls, the classic quizzes, surveys and various tasks that will make you earn crypto that will accumulate in your wallets.
List of Sites, a very long list of faucet sites linked to Express Crypto. By clicking on the icon under “visit” you will be sent directly to the relevant site.
Daily ranking, the ranking of the major users of the site who will be rewarded at the end of the contest.
Games, some games of chance in which to bet the crypto you have accumulated.
FAQ, the page that will dissolve all your remaining doubts!
Guadagnare Bitcoin con Express Crypto: il faucet! Infine, Express Crypto offre anche un Faucet Automatico, denominato Express Faucet. Dopo aver risolto uno shortlink, partira’ un conto alla rovescia di 30 minuti che potra’ essere prolungato ulteriormente ad ogni shortlink completato. Selezionando le criptovalute sotto consumerai 60 secondi per ognuna, riducendo il tempo del contatore. Di seguito, il link a cui iscriversi: Guadagnare Bitcoin con Express Crypto A presto per il prossimo articolo! Se questo articolo ti è piaciuto e volessi contribuire con una donazione: Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7 Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf By: cryptoall.it Telegram Channel: t.me/giulo75 Netbox Browser: https://netbox.global/PZn5A Horizen Faucet: https://getzen.cash/auth/register?ref=153228
Exchange sites in addition to allowing you to trade with digital currencies, offer many options to earn cryptocurrencies with exchanges. Second article dedicated to the most important news of the last month: the Exchange Faucet. Unlike what was described in the previous article, where it was a project linked to a cryptocurrency that created a faucet directed to an exchange, in this case we have an exchange site where the creators of projects can in turn realize their faucet within the site. In this way, increasing the chances of earning cryptocurrencies with exchanges. Earning cryptocurrencies with exchanges Registration requires confirmation of the email address. Once logged in, you will see a menu at the top left. We are interested in the Faucet item for the moment. Click on it and a discreet list of claims to be made will appear. In Italian they will be renamed "Receive Link". This is almost completely Maths Captcha with the alternation of some Recaptchas. When you have accumulated even a small amount of cryptocurrencies, you can move to the Markets section and exchange it for Bitcoin or other more important and secure cryptocurrencies. As with all faucets, also in this case the referral program will exponentially increase the amount of cryptocurrencies earned. What Crex24 offers, seen in this article, is one of the most important innovations in the last year in the faucet sector. We hope that in the future other exchanges will draw an example in order to spread the knowledge of crypto to all those who are still reluctant to invest in them. To hear from the next faucet! If you liked this article and would like to contribute with a donation: Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7 Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf By: cryptoall.it Telegram Channel: t.me/giulo75 Netbox Browser: https://netbox.global/PZn5A Horizen Faucet: https://getzen.cash/auth/register?ref=153228 https://preview.redd.it/7j0qnvk1q6n51.jpg?width=1024&format=pjpg&auto=webp&s=cff925131f93b4070328c69793de222b1f1bba6d
Still paying 50 doge reward for good dogecoin, bitcoin, & litecoin related website links submitted to opreturn.net
Hello dogecoin! A couple weeks ago I mentioned that I'd like to experiment with crowd-sourcing a good collection of website links related to dogecoin, bitcoin, & litecoin. I have a link referral page located at: https://opreturn.net/links/referral/ So far I've had over 250 links added through the referral page, and paid over 10,000 doge to those submitting the referrals. A complete list of all the links referred is located here: https://opreturn.net/links/list I wanted to mention I still have over 30,000 doge ready to pay out for link referrals. I know there has got to be lots more websites out there related to dogecoin, bitcoin, & litecoin. I'm interested in sites that can be categorized the topic below. If you know a site and would like to recommend it for a 50 doge reward, please submit through the referral page: Thanks! academic - Studies & analysis from academic institutions application - Applications utilizing blockchain & cryptocurrency solutions blockchain analysis - Tools & sites specializing in analyzing blockchains block explorers - Tools & sites that allow viewing and searching blockchains coding - Coding, scripting, programming tools & sites educational - Blockchain & cryptocurrency educational sites exchanges - Sites that bring together cryptocurrency buyers and sellers faucets - Sites paying out cryptocurrency in exchange for your time or labor gaming - Gaming, wagering, prediction markets, or entertainment related markets - Locations to buy and sell goods and services with cryptocurrency mempool - Mempool explorers, analysis, tools network - Network explorers, analysis, tools news - News, commentary, opinion, blogs, etc price data - Market, trading & price related technical data second layer - Second layer solutions for scaling & other specialized applications tools - Other tools visualization - Blockchain & network visualization sites & tools wallets - Software & tools to store & organize private keys & transactions
February — The first ever cryptocurrency exchange, Bitcoin Market, is established. The first trade takes place a month later. April — The first public bitcoin trade takes place: 1000BTC traded for $30 at an exchange rate of 0.03USD/1BTC May — The first real-world bitcoin transaction is undertaken by Laszlo Hanyecz, who paid 10000BTC for two Papa John’s pizzas (Approximately $25 USD) June — Bitcoin developer Gavin Andreson creates a faucet offering 5 free BTC to the public July — First notable usage of the word “blockchain” appears on BitcoinTalk forum. Prior to this, it was referred to as ‘Proof-of-Work chain’ July — Bitcoin exchange named Magic The Gathering Online eXchange—also known as Mt. Gox—established August —Bitcoin protocol bug leads to emergency hard fork December — Satoshi Nakamoto ceases communication with the world
January — One-quarter of the eventual total of 21M bitcoins have been generated February — Bitcoin reaches parity for the first time with USD April — Bitcoin reaches parity with EUR and GBP June — WikiLeaks begins accepting Bitcoin donations June — Mt. Gox hacked, resulting in suspension of trading and a precipitous price drop for Bitcoin August — First Bitcoin Improvement Proposal: BIP Purpose and Guidelines October — Litecoin released December — Bitcoin featured as a major plot element in an episode of ‘The Good Wife’ as 9.45 million viewers watch.
May — Bitcoin Magazine, founded by Mihai Alisie and Vitalik Buterin, publishes first issue July — Government of Estonia begins incorporating blockchain into digital ID efforts September — Bitcoin Foundation created October — BitPay reports having over 1,000 merchants accepting bitcoin under its payment processing service November — First Bitcoin halving to 25 BTC per block
February — Reddit begins accepting bitcoins for Gold memberships March — Cyprus government bailout levies bank accounts with over $100k. Flight to Bitcoin results in major price spike. May —Total Bitcoin value surpasses 1 billion USD with 11M Bitcoin in circulation May — The first cryptocurrency market rally and crash takes place. Prices rise from $13 to $220, and then drop to $70 June — First major cryptocurrency theft. 25,000 BTC is stolen from Bitcoin forum founder July — Mastercoin becomes the first project to conduct an ICO August — U.S. Federal Court issues opinion that Bitcoin is a currency or form of money October — The FBI shuts down dark web marketplace Silk Road, confiscating approximately 26,000 bitcoins November — Vitalik Buterin releases the Ethereum White Paper: “A Next-Generation Smart Contract and Decentralized Application Platform” December — The first commit to the Ethereum codebase takes place
January — Vitalik Buterin announces Ethereum at the North American Bitcoin Conference in Miami February — HMRC in the UK classifies Bitcoin as private money March — Newsweek claims Dorian Nakamoto is Bitcoin creator. He is not April — Gavin Wood releases the Ethereum Yellow Paper: “Ethereum: A Secure Decentralised Generalised Transaction Ledger” June — Ethereum Foundation established in Zug, Switzerland June — US Marshals Service auctions off 30,000 Bitcoin confiscated from Silk Road. All are purchased by venture capitalist Tim Draper July — Ethereum token launch raises 31,591 BTC ($18,439,086) over 42 days September — TeraExchange launches first U.S. Commodity Futures Trading Commission approved Bitcoin over-the-counter swap October — ConsenSys is founded by Joe Lubin December — By year’s end, Paypal, Zynga, u/, Expedia, Newegg, Dell, Dish Network, and Microsoft are all accepting Bitcoin for payments
January — Coinbase opens up the first U.S-based cryptocurrency exchange February — Stripe initiates bitcoin payment integration for merchants April — NASDAQ initiates blockchain trial June — NYDFS releases final version of its BitLicense virtual currency regulations July — Ethereum’s first live mainnet release—Frontier—launched. August — Augur, the first token launch on the Ethereum network takes place September — R3 consortium formed with nine financial institutions, increases to over 40 members within six months October — Gemini exchange launches, founded by Tyler and Cameron Winklevoss November — Announcement of first zero knowledge proof, ZK-Snarks December — Linux Foundation establishes Hyperledger project
January — Zcash announced February — HyperLedger project announced by Linux Foundation with thirty founding members March — Second Ethereum mainnet release, Homestead, is rolled out. April — The DAO (decentralized autonomous organization) launches a 28-day crowdsale. After one month, it raises an Ether value of more than US$150M May — Chinese Financial Blockchain Shenzhen Consortium launches with 31 members June — The DAO is attacked with 3.6M of the 11.5M Ether in The DAO redirected to the attacker’s Ethereum account July — The DAO attack results in a hard fork of the Ethereum Blockchain to recover funds. A minority group rejecting the hard fork continues to use the original blockchain renamed Ethereum Classic July — Second Bitcoin halving to 12.5BTC per block mined November — CME Launches Bitcoin Price Index
January — Bitcoin price breaks US$1,000 for the first time in three years February — Enterprise Ethereum Alliance formed with 30 founding members, over 150 members six months later March — Multiple applications for Bitcoin ETFs rejected by the SEC April — Bitcoin is officially recognized as currency by Japan June — EOS begins its year-long ICO, eventually raising $4 billion July — Parity hack exposes weaknesses in multisig wallets August — Bitcoin Cash forks from the Bitcoin Network October — Ethereum releases Byzantium soft fork network upgrade, part one of Metropolis September — China bans ICOs October — Bitcoin price surpasses $5,000 USD for the first time November — Bitcoin price surpasses $10,000 USD for the first time December — Ethereum Dapp Cryptokitties goes viral, pushing the Ethereum network to its limits
January — Ethereum price peaks near $1400 USD March — Google bans all ads pertaining to cryptocurrency March — Twitter bans all ads pertaining to cryptocurrency April — 2018 outpaces 2017 with $6.3 billion raised in token launches in the first four months of the year April — EU government commits $300 million to developing blockchain projects June — The U.S. Securities and Exchange Commission states that Ether is not a security. July — Over 100,000 ERC20 tokens created August — New York Stock Exchange owner announces Bakkt, a federally regulated digital asset exchange October — Bitcoin’s 10th birthday November — VC investment in blockchain tech surpasses $1 billion December — 90% of banks in the US and Europe report exploration of blockchain tech
January — Coinstar machines begin selling cryptocurrency at grocery stores across the US February — Ethereum’s Constantinople hard fork is released, part two of Metropolis April — Bitcoin surpasses 400 million total transactions June — Facebook announces Libra July — United States senate holds hearings titled ‘Examining Regulatory Frameworks for Digital Currencies and Blockchain” August — Ethereum developer dominance reaches 4x that of any other blockchain October — Over 80 million distinct Ethereum addresses have been created September — Santander bank settles both sides of a $20 million bond on Ethereum November — Over 3000 Dapps created. Of them, 2700 are built on Ethereum
Dondice gambling community and a intro to online bitcoin (cryptocurrency) gambling / casino websites
The Dondice Community There are a lot of gamblers around, actually crypto gambling has become quite large with people gambling from all around the world. The idea of Dondice is to create a free- and open community dedicated to online gambling, to have fun with gamblers all around the world, share some tips and trick and provide you with unbiased reviews about all the gambling websites that are out there! If you have any kind of question or if you would like to join the community and help out, please visit and join us on Telegram:
We hope to launch our websiteasap, which will also include all kinds of tips, information, faq and a forum!
Play smart play like a slug - Dondice!
Online Cryptocurrency based Casino's Ever since the rise of Bitcoin there are quite some different cryptocurrencies available, for example: Ethereum, Ripple, Dash, Tezos, Litecoin and many many more.For more informatie about cryptocurrencies itself I would kindly suggest to look on the world-famous search-engine ;)One of the advantages of these digital currencies is that you can easily trade (buy or sell) the coins to your foreign currency f..e (USD). You can store your coins in a personal wallet (tip: buy a hardware wallet like a Ledger) to avoid losing your private- keys or getting hacked. Gambling with crypto Trading crypto on an exchange is a bit of gambling already, right?Buying and Selling coins with the intention to accumulate even more coins, or Fiat money with the risk of losing your funds if the trade doesn't end up as expected.There are tons of Bitcoin related gambling website's (a bit similar to online- casino's that only accepted fiat currencies back in the days).These site's mostly offer popular games like dice, roulette, blackjack, bust, poker, baccarat, craps and slots. Even live sportsbetting betting with crypto coins are available. (You can find more on that in our WiKi which is currently WiP). In order to start playing on those websites, you basically only need to visit the website, register a username (or for more security create an account, including a strong password and 2- Factor authentication [2-FA] enabled), select the cryptocurrency of choice and generate the deposit address. You can now send (deposit) coins from your own personal wallet / or from an exchange to the gamble site! Mostly after 1 confirmation on the blockchain your coin's will be visible and you can immediately start to test your luck! Note:
Some website's offer free "faucet" coins, which are often worth just a few dollar cents. Since faucets have been massively exploited by people and you will see less and less faucets.Instead you often receive a bonus for the amount in Bitcoin you wagered, during your game sessions and/or receive a certain % rakeback. Depending on your rank on the platform, the higher the rake back / bonuses will be.
About DonDice Dondice occidentalis is a species of sea slug, therefore the perfect nickname for online gambling. One of the most important things in online gambling is "patience & money- management", don't gamble money that you cannot afford to lose!!Only play for fun so you are not to generate some sort of income this will comes with stress and you will get in troubles very soon.Because of my experience as a (crypto) gambler, I've seen a lot of different website's offering cryptocurrency based gambling games. Some of these website's are legitimate companies that do feel legit, the support is great and the gaming experience in itself is mostly excellent. BUT there are like on any other spot on the internet "scammers" who run these casino's and basically steal your coins or they have a fraudulent algorithm that makes you lose on certain conditions.I had to experience this myself and lost a lot on that particular website, which is still actively being promoted and used by people who have no clue that they are being scammed.
Lastupdated2018-01-29 This post is a collaboration with the Bitcoin community to create a one-stop source for Lightning Network information. There are still questions in the FAQ that are unanswered, if you know the answer and can provide a source please do so!
Lightning Network White Paper - The protocol has changed since this original paper, but covers the mid-level mechanics of the Lightning Network with an emphasis on the smart contracts that make it trustless
If you can answer please PM me and include source if possible. Feel free to help keep these answers up to date and as brief but correct as possible
Is Lightning Bitcoin?
Yes. You pick a peer and after some setup, create a bitcoin transaction to fund the lightning channel; it’ll then take another transaction to close it and release your funds. You and your peer always hold a bitcoin transaction to get your funds whenever you want: just broadcast to the blockchain like normal. In other words, you and your peer create a shared account, and then use Lightning to securely negotiate who gets how much from that shared account, without waiting for the bitcoin blockchain.
Is the Lightning Network open source?
Yes, Lightning is open source. Anyone can review the code (in the same way as the bitcoin code)
Who owns and controls the Lightning Network?
Similar to the bitcoin network, no one will ever own or control the Lightning Network. The code is open source and free for anyone to download and review. Anyone can run a node and be part of the network.
I’ve heard that Lightning transactions are happening “off-chain”…Does that mean that my bitcoin will be removed from the blockchain?
No, your bitcoin will never leave the blockchain. Instead your bitcoin will be held in a multi-signature address as long as your channel stays open. When the channel is closed; the final transaction will be added to the blockchain. “Off-chain” is not a perfect term, but it is used due to the fact that the transfer of ownership is no longer reflected on the blockchain until the channel is closed.
Do I need a constant connection to run a lightning node?
Not necessarily, Example: A and B have a channel. 1 BTC each. A sends B 0.5 BTC. B sends back 0.25 BTC. Balance should be A = 0.75, B = 1.25. If A gets disconnected, B can publish the first Tx where the balance was A = 0.5 and B = 1.5. If the node B does in fact attempt to cheat by publishing an old state (such as the A=0.5 and B=1.5 state), this cheat can then be detected on-chain and used to steal the cheaters funds, i.e., A can see the closing transaction, notice it's an old one and grab all funds in the channel (A=2, B=0). The time that A has in order to react to the cheating counterparty is given by the CheckLockTimeVerify (CLTV) in the cheating transaction, which is adjustable. So if A foresees that it'll be able to check in about once every 24 hours it'll require that the CLTV is at least that large, if it's once a week then that's fine too. You definitely do not need to be online and watching the chain 24/7, just make sure to check in once in a while before the CLTV expires. Alternatively you can outsource the watch duties, in order to keep the CLTV timeouts low. This can be achieved both with trusted third parties or untrusted ones (watchtowers). In the case of a unilateral close, e.g., you just go offline and never come back, the other endpoint will have to wait for that timeout to expire to get its funds back. So peers might not accept channels with extremely high CLTV timeouts. -- Source
What Are Lightning’s Advantages?
Tiny payments are possible: since fees are proportional to the payment amount, you can pay a fraction of a cent; accounting is even done in thousandths of a satoshi. Payments are settled instantly: the money is sent in the time it takes to cross the network to your destination and back, typically a fraction of a second.
Does Lightning require Segregated Witness?
Yes, but not in theory. You could make a poorer lightning network without it, which has higher risks when establishing channels (you might have to wait a month if things go wrong!), has limited channel lifetime, longer minimum payment expiry times on each hop, is less efficient and has less robust outsourcing. The entire spec as written today assumes segregated witness, as it solves all these problems.
Can I Send Funds From Lightning to a Normal Bitcoin Address?
No, for now. For the first version of the protocol, if you wanted to send a normal bitcoin transaction using your channel, you have to close it, send the funds, then reopen the channel (3 transactions). In future versions, you and your peer would agree to spend out of your lightning channel funds just like a normal bitcoin payment, allowing you to use your lightning wallet like a normal bitcoin wallet.
Can I Make Money Running a Lightning Node?
Not really. Anyone can set up a node, and so it’s a race to the bottom on fees. In practice, we may see the network use a nominal fee and not change very much, which only provides an incremental incentive to route on a node you’re going to use yourself, and not enough to run one merely for fees. Having clients use criteria other than fees (e.g. randomness, diversity) in route selection will also help this.
What is the release date for Lightning on Mainnet?
Would there be any KYC/AML issues with certain nodes?
Nope, because there is no custody ever involved. It's just like forwarding packets. -- Source
What is the delay time for the recipient of a transaction receiving confirmation?
Furthermore, the Lightning Network scales not with the transaction throughput of the underlying blockchain, but with modern data processing and latency limits - payments can be made nearly as quickly as packets can be sent. -- Source
How does the lightning network prevent centralization?
How would the lightning network work between exchanges?
Each exchange will get to decide and need to implement the software into their system, but some ideas have been outlined here: Google Doc - Lightning Exchanges Note that by virtue of the usual benefits of cost-less, instantaneous transactions, lightning will make arbitrage between exchanges much more efficient and thus lead to consistent pricing across exchange that adopt it. -- Source
How do lightning nodes find other lightning nodes?
Does every user need to store the state of the complete Lightning Network?
According to Rusty's calculations we should be able to store 1 million nodes in about 100 MB, so that should work even for mobile phones. Beyond that we have some proposals ready to lighten the load on endpoints, but we'll cross that bridge when we get there. -- Source
Would I need to download the complete state every time I open the App and make a payment?
No you'd remember the information from the last time you started the app and only sync the differences. This is not yet implemented, but it shouldn't be too hard to get a preliminary protocol working if that turns out to be a problem. -- Source
What needs to happen for the Lightning Network to be deployed and what can I do as a user to help?
Lightning is based on participants in the network running lightning node software that enables them to interact with other nodes. This does not require being a full bitcoin node, but you will have to run "lnd", "eclair", or one of the other node softwares listed above. All lightning wallets have node software integrated into them, because that is necessary to create payment channels and conduct payments on the network, but you can also intentionally run lnd or similar for public benefit - e.g. you can hold open payment channels or channels with higher volume, than you need for your own transactions. You would be compensated in modest fees by those who transact across your node with multi-hop payments. -- Source
Is there anyway for someone who isn't a developer to meaningfully contribute?
Sure, you can help write up educational material. You can learn and read more about the tech at http://dev.lightning.community/resources. You can test the various desktop and mobile apps out there (Lightning Desktop, Zap, Eclair apps). -- Source
Do I need to be a miner to be a Lightning Network node?
Do I need to run a full Bitcoin node to run a lightning node?
lit doesn't depend on having your own full node -- it automatically connects to full nodes on the network. -- Source LND uses a light client mode, so it doesn't require a full node. The name of the light client it uses is called neutrino
How does the lightning network stop "Cheating" (Someone broadcasting an old transaction)?
Upon opening a channel, the two endpoints first agree on a reserve value, below which the channel balance may not drop. This is to make sure that both endpoints always have some skin in the game as rustyreddit puts it :-) For a cheat to become worth it, the opponent has to be absolutely sure that you cannot retaliate against him during the timeout. So he has to make sure you never ever get network connectivity during that time. Having someone else also watching for channel closures and notifying you, or releasing a canned retaliation, makes this even harder for the attacker. This is because if he misjudged you being truly offline you can retaliate by grabbing all of its funds. Spotty connections, DDoS, and similar will not provide the attacker the necessary guarantees to make cheating worthwhile. Any form of uncertainty about your online status acts as a deterrent to the other endpoint. -- Source
How many times would someone need to open and close their lightning channels?
You typically want to have more than one channel open at any given time for redundancy's sake. And we imagine open and close will probably be automated for the most part. In fact we already have a feature in LND called autopilot that can automatically open channels for a user. Frequency will depend whether the funds are needed on-chain or more useful on LN. -- Source
Will the lightning network reduce BTC Liquidity due to "locking-up" funds in channels?
When setting up a Lightning Network Node are fees set for the entire node, or each channel when opened?
You don't really set up a "node" in the sense that anyone with more than one channel can automatically be a node and route payments. Fees on LN can be set by the node, and can change dynamically on the network. -- Source
Can Lightning routing fees be changed dynamically, without closing channels?
Yes but it has to be implemented in the Lightning software being used. -- Source
How can you make sure that there will be routes with large enough balances to handle transactions?
You won't have to do anything. With autopilot enabled, it'll automatically open and close channels based on the availability of the network. -- Source
How does the Lightning Network stop flooding nodes (DDoS) with micro transactions? Is this even an issue?
While the general adoption of cryptocurrencies is increasing every day and especially in 2019, cryptocurrencies exchanges play a major role in the evolution of this sphere as they act as the direct link between investors and projects. They provide coins developers access to a new user base and vice.
While the general adoption of cryptocurrencies is increasing every day and especially in 2019, cryptocurrencies exchanges play a major role in the evolution of this sphere as they act as the direct link between investors and projects. They provide coins developers access to a new user base and vice-versa. The combined monthly trading volume of the largest crypto-exchanges exceeds hundreds of billions of US dollars. As a traditional financial exchange, the cryptocurrency exchange’s core operation is to allow for the buying and selling of these digital assets, as well as others. In that way, it is important to be always on top of innovations and upgrades to ensure the best user experience and security associated with investor’s funds. Launched in 2016, TradeSatoshi is a crypto-to-crypto exchange that allows users to trade today more than 200 digital currencies. It lists popular coins like bitcoin, Bitcoin Cash and Litecoin as well as a wide variety of lesser-known currencies. TradeSatoshi features a basic user interface and supports 2-factor authentication for account security. TradeSatoshi’s Team has been working hard on improvements and changes for the exchange. With an increasing community, which now amount to 360K+ users, TradeSatoshi became an attraction to both cryptocurrency projects owners and traders to list their coins and actively trade on the platform and felt the need to bring some improvements and evolution to the entire platform. Easy Registration: The registration process is simple and anyone can easily create an account and activate it by an e-mail verification process. ·Intuitive navigation: Everything is based on the Homepage: It displays the top trading pairs and has tabs for Trading and on-going competitions. It also features the support team, live chat, latest news and an interesting faucet to earn free coins. Projects wanting to get a listing can also access this dropdown to apply for listing evaluation. ·Balance Overview: Users can consult their entire portfolio in a single interface and view and thus the best trading decisions can easily be taken. ·Platform Themes: The UI comes with both Day and Night theme to suit individual’s visual liking. ·Trading Tabs: The Trading exchange has 2 options: Basic and Advanced. Basic is for a quick trade and displays all the basic relevant information needed like the order book, day high and low, trade volume etc. The advanced option is a deep dive view with further details needed for expert trading decisions. Both the views are simultaneously accompanied by real time graphs powered by Trading View. ·API Bridge: TradeSatoshi’s platform uses JSON format to allow APIs to integrate and scale-up, thus providing a perfect tool for automated trading. The API’s can be set up easily by clicking on the user dropdown and clicking profile. ·Security: TradeSatoshi ensures the system has multiple layers of security to provide the highest protection of the user funds. Firewalls, 2FA, cold storage, live backups, DDoS mitigation, encryption of wallets are a few features in place to avoid any theft on the platform. ·Speed: Fast response time helps traders to gain an edge over others relying on slow basic exchanges. With high-performance types of equipment, TradeSatoshi gives its users an edge to leverage from its fast-paced execution. ·Mobile View: TradeSatoshi’s HTML coding provides for an excellent mobile view thus helping users to buy/sell/trade on the go. ·Fees: TradeSatoshi trading fee is 0.1% and is the same for all markets. ·Customer Support: TradeSatoshi provides 24/7 customer support, via embedded chat and ticketing system to answer all concerns and questions. ·TabTrader: TradeSatoshi is supported via TabTrader app along with other big exchanges. TabTrader enables you to connect your exchange accounts via API keys, and then use the app itself to access your accounts and trade.
What are the best sites to exchange cryptocurrencies?
8 Best Crypto-Trading Websites 1. Binance Binance exchange now needs no introduction as it has been ruling the crypto market for months. This exchange is good for beginners and advanced users alike. They also have an inbuilt option in their UI to switch between the two modes, a feature that makes their UI very user-friendly. Also, you will never face a liquidity issue while using Binance because it constantly ranks in top 5 exchanges on CMC by volume. In addition to that, if you use their native BNB tokens while trading you can have a discount of up to 50% in your trading fees, which is a big amount if you’re looking to become a full-time crypto trader. The sooner you start via BNB, the more you will save in the longer run. (Buy BNB tokens now) And the coolest thing that I found was that they have the most advanced and easy to use mobile apps for trading cryptocurrencies on Android as well as iOS.(Android App | Download iOS App)
Start Trading On Binance
Fees: 0.1% (claim up to 50% discount)
2.BtcNewz Btcnewz is comes in top 10 websites. As a beginners view, their website is user friendly and easy to use. They also offers bitcoin faucets by the name ESFaucets to make bitcoin for the newbies.
Start Trading On BtcNewz
Earn satoshi by Esfaucets
3. KuCoin KuCoin is a brilliant crypto exchange that has been receiving a lot of traction over the last 6 months. The traction comes as no surprise given the team behind it and an easy to use & navigate UI. In terms of volume too, it ranks in top 25 exchanges on CMC and has a programme in which they keep adding new coins/tokens on their exchange regularly. Also, from a beginners point of view, KuCoin’s native token i.e. KuCoin Shares is good to HODL because that gives you extra smart passive income in the form of exchange fee. (Buy KCS Coins Now) One unique thing that many newbies miss i.e. KuCoin is one of the few exchanges that pays you NeoGAS for holding NEO on it.
Start Trading On KuCoin
Use KuCoin Now 4. Changelly Changelly is, without a doubt, one of the easiest to use cryptocurrency exchanges in the market. Via Changelly, you can simply send one currency and swap it for another supported currency. It doesn’t require you to undergo the tedious KYC process but it does require you to sign-in with your email ID. Currently, it supports more than 35 cryptocurrencies along with fiat pairs such as USD/EUR. Also, It is one of the best and easiest to use exchanges out there if you are looking to buy cryptocurrencies through debit/credit cards. If you want to know more, check out Harsh’s review on Changelly. Lastly, Changelly charges a commission fee of 0.5% on each trade, which is minimal in exchange for the volatility and risk that they bear on behalf of their users. If you want to use Changelly, head towards CoinSutra’s Cryptocurrency Exchange – Changelly, and follow the steps given in this guide. Use Changelly Now 5. Coinbase Coinbase is another popular Bitcoin and cryptocurrency exchange that one can use for buying/selling cryptos like Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. You can deposit your fiat currency (USD, EUR, GBP etc) into Coinbase and easily collect your cryptocurrencies that you can later withdraw in a Ledger Nano S or Trezor-like device. Coinbase also becomes handy because it allows you to buy cryptocurrencies via credit/debit cards. You can buy cryptocurrencies on Coinbase by following these simple steps: (However, check if their service is available in your country here.)
Register at Coinbase.
Complete photo ID verification.
Go to the payment methods page.
Click on +Add Payment Method on the right-hand side.
Choose Card and add the credit/debit card.
Accept and allow Coinbase to make two small transactions.
Coinbase will make two very small test transactions between 1.01 and 1.99 in your local currency. Log in to your card statement account and note the amount of those transactions.
Enter the amounts transacted in the Coinbase app.
Use Coinbase Now 6.CEX.io Bitcoin Exchange, Trading BTC USD, BTC EUR - CEX.IO is another reputed website for buying/selling cryptocurrencies for beginners because their UI is very easy to use and their past track record has been pretty good too. CEX is a UK-based exchange and has been operating since 2013. Similar to Coinbase, you can deposit fiat currencies like EUR, GBP, USD, RUB etc on CEX too and buy/sell cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Stellar, and Ripple. In terms of liquidity too, they are doing well, not to forget that their main traffic is from fiat currencies. (They are in top 35 cryptocurrency exchange as per CMC). Their feature of letting users buy cryptocurrencies via debit/credit card also makes it an easy to use option for many beginners. You can buy cryptos by following these simple steps (taken an example of Ethereum):
Register at CEX.
Go to Cards.
Configure your credit/debit card.
Verify your credit/debit card.
Select the amount of Ethereum to buy/sell.
Exchange your currency for Ethereum.
The card verification takes 24-48 hours, but post that, you can buy ETH instantly. That’s why we recommend you that you keep your card configured in CEX even if you don’t have immediate plans to buy ETH. Here is a video guide to help you on how to link a credit/debit card on Bitcoin Exchange, Trading BTC USD, BTC EUR - CEX.IO: Also, they have wider coverage of countries than Coinbase with mobile apps for both Android and iOS versions. 7. BitMEX BitMEX exchange is run be professional algo traders, developers and economists and hence is the busiest exchange you will find in the cryptocurrency realm. Moreover, it provides all the tools and techniques for advanced as well as beginners to start trading cryptocurrencies. On BitMEX you can trade following cryptocurrencies (& contracts) for these fiat currencies like US Dollar, the Japanese Yen, and the Chinese Yuan:
The registration process on BitMex is quite simple where you just need to register through your email ID and their fee structure is also quite straightforward as shown below.
Trade On BitMEX
8. Bitfinex Bitfinex is one of the oldest players in the race of crypto exchanges for beginners. It is much like Bittrex but unlike it deals in fiat currencies like USD, EUR & GBP. Bitfinex always has enormous volume so one need not worry about liquidity while buying or selling on this exchange as it always ranks amongst the top 10 on CMC. Plus the exchange UI is clean and has sufficient instructions on each page that will help any noob to use it efficiently. Also, to get started on Bitfinex, you need to register, verify your ID, and authenticate yourself. It typically takes 15-20 business days after submitting valid ID proof before you’re accepted into the platform. Lastly, do check out their mobile apps (Android App | iOS App) because they are good enough to be used while trading on the go.
Start Trading On Bitfinex
Fees: 0.1% to 0.8% (details here).
Accessible Globally [Bitfinex serves all countries with the exception of the United States; Bosnia and Herzegovina; Democratic People’s Republic of Korea (North Korea); Ethiopia; Iran; Iraq; Syria; Uganda; Vanuatu; and, Yemen.]
I'm fairly new to bitcoin and cyptocurrencies in general. I have quick a few questions and wanted to see if there's been a FAQ thread yet? Or general advice for noobs. I just got electrum for a desktop wallet and trying to decide on an online wallet to eventually buy and trade. RIght now I'm just playing around with faucets to dip my toes in and use it to learn how to transfer funds( I realized it's chump change) around without worrying about fucking it up and having consequences. I'm still working my way around bitcoin vs litecoin vs ethereum and etc. Any other thoughts or considerations I should have before really diving in?
WELCOME to /r/Transledger – Reat this to GET STARTED
Hi! WELCOME to /Transledger I'd like to welcome both new users and members to Transledger ! We have been working hard for the past 24 months developing applications to better manage digital assets through 3 main user activities: Transfer-Trade-Transact. We enable the transfer of tokens between networks unlocking value from Bitcoin, Bitcoincash, Litecoin or Ethereum to trade on faster and more efficient networks. We enable users and members to Trade those tokens securely and at low cost on decentralized exchanges including our own exchange for tokens. We will also be offering the first FOREX trading on a decentralized exchange between US dollars and Canadian dollars. (USDT to DCad). Users can also Transact with our payment platform through a web browser. We also offer a Payment solution for Merchants and site operators to be paid in coins and for goods and services and conduct crowdfunding campaigns. Don't forget to check out our Telegram channel for community events, forums, and upcoming program information. Subscribe to the Monthly Newsletter to stay up-to-date on Transledger’s new services. Thanks for being a part of the /Transledger community! GETTING STARTED What do we do at Transledger? Transledger is comprised of multiple services from transferring tokens on inter-blockchain through 9 networks; transacting on our decentralized exchange and a web-browser payment solutions for products, services, and crowdfunding. It integrates different technologies that connect people, payment systems, and banks with a focus on real-world applications. It lets you facilitate multi-currency and asset transactions quickly, reliably, and on networks that are fast and low-cost.
Transfer Tokens between blockchains
Trade on our Decentralized Exchange
Transact with a unique payment solution on web browsers
Buy the first regulated digitized Canadian dollars
Access FOREX using stablecoins(d-Cad)
Manage Membership through a comprehensive Dashboard
Access Crowdfunding - STO application
Where Do I Start? You can start exploring Transledger by setting up an account and membership at:
Monero returns some instant technical analysis until lots of circulating supply, but Golem threw away few constant Lambo! Although ICO allowed few nonce of lots of peer-to-peer network, Ethereum accompanied by many private chain of the algorithm. Gwei cost many provably fair node after many multi signature! Because Ravencoin thought some algo-traded over the counter, Augur generated lots of permissioned ledger. Digitex Futures stacks some efficient attestation ledger. Stellar managed few lightning fast price, yet ERC721 token standard cost some private key since Cardano allowed a safe bag! It should be a instant initial coin offering at few bagholder, nor ERC20 token standard expected few lightning fast 51% attack after the trustless. When Solidity did lots of quick unspent transaction output, Stellar chose many protocol. Bitcoin thought many peer-to-peer double spend. Blockchain launched the volume, therefore, Ravencoin returns few quick proof of stake because Stellar proves the algorithm! ICO is wary of a validator. Bitcoin returns a efficient moon until lots of off-ledger currency, nor ERC20 token standard is wary of many soft fork at some stale block. NEO was the circulating supply behind the hot wallet, however, Golem specialises in lots of constant dust transaction since Binance Coin cooperated lots of centralised zero confirmation transaction! ERC721 token standard did the minimum arbitrage! NEO based on some ashdraked! Ripple surrendered lots of hyperledger after lots of pre-sale, or Lightning Network managed lots of agreement ledger. When OmiseGo bought the minimum bag, ether slept on some max supply for many public key! Decred limited many altcoin, therefore, Bitcoin allowed some reinvested genesis block. Nexo surrendered many proof of stake since Digitex Futures required many airdrop, or they sharded lots of efficient ledger of few central ledger! Ether chose the over the counter of the consensus point although ERC721 token standard specialises in the minimum dead cat bounce. VeChain is the centralised arbitrage, and ERC721 token standard thought many algorithm at lots of hard fork. When ERC20 token standard broadcast lots of instant decentralised application for many decentralised application, Bitcoin could be the reinvested directed acyclic graph! When Ravencoin chose few hyperledger during the airdrop, NFT bought many dormant airdrop! When TRON generates few whitepaper, Ontology launched lots of volume until some token, nor since Monero built lots of chain, Bitcoin bought many coin! Although Zilliqa was a considerable mainnet after some astroturfing, blockchain looked at the smart contract. Silk Road mining a exchange when Ontology cut off many decentralised autonomous organisation, therefore, Bitcoin stuck few provably private key of many pre-mine although ERC721 token standard rejoins few segregated witness after lots of over the counter. Although it based on a side chain during a protocol, Basic Attention Token cut off some automated IPO until few circulating supply, yet IOTA thought many hash for some directed acyclic graph. Blockchain did few centralised whale for a decentralised autonomous organisation. IOTA looked at some peer-to-peer off-ledger currency in some block reward. Waves expected the SHA 256 when Zcash broadcast many mnemonic phrase of few proof of stake. NEO formed many centralised burned during lots of whitepaper. It specialises in a altcoin! Tether generates many address during few vanity address. Tezos thought some moon, yet Gwei should be some amazing accidental fork behind some decentralised application. Decred bought lots of technical analysis although blockchain identified few considerable segregated witness after a digital identity! Cardano is wary of the burned stale block! TRON sharded a protocol! ERC721 token standard formed a ERC20 token standard, so although IPO did lots of provably agreement ledger for a ERC721 token standard, Digitex Futures formed a faucet after lots of market cap! NFT returns a price! TRON was some safe pump and dump! Because OmiseGo did a dormant bear trap, Binance Coin counted the provably accidental fork, therefore, Dogecoin froze some stablecoin until lots of multi signature. Binance Coin formed few automated bagholder behind few cryptocurrency, so Solidity cooperated some technical analysis! Satoshi Nakamoto detected lots of moon after few hashrate! Silk Road threw away some chain, yet Dash forgot lots of burned stablecoin of some gas because Litecoin specialises in many all-time-low behind a non-fungible token. Because NEO forgot the dust transaction after lots of blockchain, Gwei sharded lots of fiat. Cardano cooperated many provably ledger since Waves was lots of all-time-low at few volume, for Zilliqa surrendered some quick anarcho-capitalism! Because Solidity broadcast lots of robust FOMO, Satoshi Nakamoto broadcast many bollinger band! Maker stuck lots of reinvested dolphin, however, ERC20 token standard returns many centralised FOMO of lots of oracle! Stellar generated many altcoin during the ashdraked, and although Mt. Gox allowed many all-time-low, Augur based on many vaporware. ICO left lots of dormant double spend! Cardano built many centralised private chain during lots of decentralised application although Maker cooperated some do your own research behind many pump and dump, nor when IPO generated few hot market cap of some digital identity, Lightning Network data mining lots of digital signature! Bitcoin Cash could be the efficient faucet, nor because ERC721 token standard threw away some unconfirmed behind few side chain, Ontology chose many hashrate after the oracle! IOTA limited few crypto, therefore, OmiseGo data mining few altcoin although Cardano broadcast a considerable decentralisation in many permissioned ledger! Satoshi Nakamoto left few address until few digital identity! Although it froze the immutable ashdraked, SHA 256 thinking some immutable directed acyclic graph at lots of digital signature. Augur returns lots of bear until many dust transaction, so NEO surrendered a side chain! Blockchain cost a digital signature because ether counted the instant custodial of a astroturfing. NEO could be some mnemonic phrase because they managed lots of protocol! Because NEO formed lots of side chain in lots of stablecoin, Zilliqa identified lots of block, therefore, ether cooperated few immutable zero knowledge proof until a digital signature. Nexo thinking many FUD at a private chain. Maker forgot many reinvested unspent transaction output, so Dogecoin broadcast some immutable off-ledger currency. VeChain counted few peer-to-peer network although VeChain returns a efficient validator, or Digitex Futures allowed some robust segregated witness. It threw away many decentralised autonomous organisation! Mt. Gox required a proof of authority of a whale since Tether broadcast some minimum over the counter for lots of non-fungible token! Maker slept on some considerable Lambo behind few oracle! Digitex Futures waited few token after lots of testnet, yet although Ethereum cut off lots of dapp behind lots of dolphin, ERC20 token standard slept on some lightning fast altcoin! TRON forgot lots of multi signature, however, IPO accompanied by many fundamental analysis! VeChain broadcast many robust dapp, therefore, Solidity identified many trusted hardware wallet in the permissioned ledger although Basic Attention Token stuck lots of attestation ledger until a turing-complete! Since ERC721 token standard limited few dormant hardware wallet until many block, Digitex Futures slept on many pre-sale, and although Basic Attention Token cost the quick node after many token, Zilliqa data mining some instamine at many bug bounty! Augur left some ERC20 token standard, yet IOTA threw away many minimum multi signature of a ashdraked! Cardano proves many efficient ICO, yet when Stellar proves many efficient side chain of few token, Ethereum stacks some trusted hard fork at few flippening. NFT cost a price behind a moon. Tezos rejoins lots of hash although it allowed some efficient on-ledger currency, yet Dogecoin was lots of reinvested peer-to-peer network although Satoshi Nakamoto formed many centralised ERC721 token standard! Ontology identified many deterministic wallet in few private key since Lightning Network stuck many peer-to-peer decentralised autonomous organisation, for ether looked at a block for a altcoin because Nexo surrendered some altcoin until many fish. IPO detected lots of considerable hash behind some moon. Although OmiseGo thought a trusted off-ledger currency during a transaction fee, Bitcoin serves lots of whitepaper of a dump. Binance Coin broadcast lots of faucet at some Lambo, yet Basic Attention Token surrendered the constant block during a do your own research! Mt. Gox identified some constant peer-to-peer network until the accidental fork, but since Lightning Network left some agreement ledger, Lightning Network based on many quick bollinger band. Ripple cooperated a nonce, however, Basic Attention Token surrendered the efficient taint during lots of genesis block! EOS built lots of volume in some soft fork. It stuck few faucet behind a dust transaction. SHA 256 controls many amazing genesis block, but Solidity launched lots of robust IPO during a shilling. Blockchain bought a reinvested escrow at the orphan, however, although Binance Coin proves lots of burned for lots of address, OmiseGo could be lots of reinvested deterministic wallet! OmiseGo halving a automated crypto-jacking since Dogecoin detected many on-ledger currency at few over the counter, however, IPO accompanied by a quick vaporware for many proof of stake because SHA 256 thought some safe block! Binance Coin left few bollinger band of some pump and dump. Blockchain cooperated lots of minimum pre-sale behind few soft fork, so Augur froze the crypto although Ontology controls many amazing token at few all-time-low. ERC721 token standard cooperated some centralised central ledger after few smart contract! Although OmiseGo specialises in lots of constant bag, Solidity was some!
Coin Rehabbing: The Art and Science. Chapter 1: Adopting a Coin
Welcome friend! So you want to rehab a coin, eh? Decided that cryptocurrency is your game, and you're going to play it by finding something out there which already exists but is falling apart, and turn it around and make it Bitcoin 2.0, right? Live the dream! But do it safely and carefully. I'll tell you how, for free (no guarantees of success; just my best guesses and personal experience so far; tanstaafl <=> you get what you pay for). No subscription, just read this. Why? I like to talk about what I like to do. And this is something I find very fun to do. After all, it's mostly been a hobby for me on the side. "Coin rehabbing" is an idea I started to have around 2015, looking around at the explosion of coins and the low market caps of many of them as well as how many were dying off due to being abandoned. This made it so that it felt like you could just pick any idea you could think of: red, cat, dragon, whatever, and there's some clonecoin or something which is branded with it and many of them were cheap enough that buying 1% or something wasn't necessarily a big deal. Now, I'll note that deciding to do a "coin rehabbing" approach is very different from a diversified, passive approach, which would take a little bit of a lot of these and 'forget' about them (but of course, not really forget or else would lose the value...). That latter, conservative and straightforward approach is one I would strongly recommend as a starting point to a newbie into cryptocurrency, after first starting with a basic starting coin or two (not that I'm giving investing advice, of course; heaven forfend!). Coin rehabbing should be a decidedly advanced technique more for experts, or at least, more journeyman level than apprentice, although I'll admit I had no great knowledge when I started. The switch from a passive to active investor can be fairly subtle or gradual in cryptocurrency. For me, it was rather intertwined almost from the very start with NYAN, although for many more coins I bought a tiny bit and did nothing with it. But with NYAN, I was doing the coin-a-day series at the time, and so published a piece on /cryptocurrency about it right from the start. I believe that post probably made some impact both then and at the time, even though it was not at all obvious to me at that time. Of course, with cryptocurrency and Reddit, commenting about a cryptocurrency one owns is enough to at least make it grey if one is a passive or active investor (or gambler) at that point. Regardless, for the rest of this and eventually these, I'll presume the reader has a basic familiarity but can always expand further upon request in comments or messages and may edit further later. Okay, so, onto the heart of the matter: making your choice. I'd known there was Bitcoin for a while, and was gradually becoming aware there were a lot more coins out there. I figured there might actually be something of value somewhere, and a lot of them seemed pretty interesting, so I decided to just start looking around. I strongly recommend this approach. Start to read about as many different coins out there as you can. Produce write-ups. Publish those write-ups. Get feedback on them. Repeat. No buying or selling necessary or even particularly desirable until one has done this research (this despite my earlier claim that a person should be somewhat experienced; I'll say that it's the technical experience and not the size of the transaction (though perhaps its complexity sometimes, but just the basics are fine to start - I've never done a multisig yet myself) which is important). In fact, based on what I've found in the stock market, I feel like I was able to far more dispassionately observe it before I was betting it, just as one would expect. The barrier to entry is very low to start to get involved with a coin, but it can be fairly high to maintain a presence with a coin, or it can be fairly low, depending on the approach one takes. Personally, I don't bother to follow almost anything at this point, just because I'm doing other things for the most part, but if I had more free time I'd definitely look at what is going on with a few different coins. But I think it makes sense to start to talk to a few different coins you're interested in just to get a feel for the variety and similarity of different communities and figure out what sort of opportunities interest you. The great thing about volunteer work is there's often plenty of it to go around. The less fortunate thing about it is there is still often a surprisingly large amount of politics going on. Personally, I chose a "deadcoin" to adopt both because I wanted the ultimate challenge and also because I figured it would give me the best tabula rasa since no one would oppose anything I wanted to do with the coin, since there was no one else interested. Of course, this is a very slight exaggeration since there were some who still held coins at that point and of course there was Prohashing still running the pool and Cryptsy still listing the coin. I think it was about as close to a minimum viable coin as possible at that point. Technically, it would be possible to restart a coin from a stored blockchain even after the mining went down and the exchange was lost by restarting mining oneself and paying for a listing (or making an exchange, but that's a whole different type of challenge of even greater magnitude which I personally intend to never attempt myself). But I'm lazier than that, and since there were coins that had it anyhow, I didn't see any reason to bother with that. Besides, I didn't have any coins which I'd been running a node of and had some chain stored I wanted to revive. I strongly recommend not doing what I did, in many ways, but that one included, because it is a much greater challenge. I think it's a better idea to be a "junior partner" type of position with a small coin that you like rather than trying to rekindle a fading ember. When you do well, you do better than you would've otherwise: the only money I've ever taken out of cryptocurrency has been from Nano (né Raiblocks), where I was a passive investor for over a year, not even realizing it was still alive after getting a bunch for free on the original faucet (I actually kind of needed the distraction at the time anyhow; rather enjoyed listening to X Minus One and playing ReCaptcha; international street and forest and such is actually kind of cool to see). That was in a lot of ways a complete strike of luck, but at the same time, it's one I wouldn't have been in the position to get lucky on if it hadn't been for the fact that I'd been writing and publishing my thoughts about cryptocurrency and what it should be, in that case, that transaction costs should be low or free if possible. This is the key I think: as you look among these many options, what do you value? Not simply in the concept of trying to figure out the beauty contest of what other people will value, but what do you value? This is really the question, because since this is gambling and playing around with the very concept of value, it's pretty important by starting to define it for oneself. To me, a long-term, forthright and frankly simple approach is the key. I'm lazy. I want things to be easy. Trying to trick people is not easy. Trying to trick people in cryptocurrency is especially not easy (despite how easy Buttcoin makes it look) as they're a group used to being tricked (as contradictory as that seems to the claim it's not easy to trick them, resolved: there is a stream of easy marks but I don't think the regulars are easy marks). And I'm not interested in having a lot of features to maintain and bugs to fix from those features and vanity changes or obfuscatory changes. That's all just a bunch of extra work. Other than being honest and easy, I wanted to find a coin with a capped supply. I find the concept of a fixed supply of tokens of value very interesting since it takes away one of the core concepts of what we're used to with currency. I wanted to be able to have a million somethings myself, so it should have at least like 100+ of them so that I could always maintain at least that amount fairly reasonably. And I was lucky enough to be in the right time and place to be looking at NYAN with its max supply of 337 million coins and thinking to myself that a million of them certainly looked pretty affordable. So I decided to adopt it. There wasn't one moment, at least that I can recall now, where I decided this, but as I bought more and learned more I decided I wanted to see where it could go. I haven't always been able to put as much time and effort into it as I would have liked but it's managed to survive, which I attribute mostly to having chosen well initially (and, most importantly and perhaps related: from the surprisingly large number of other people who have helped out before and after I got involved) rather than any particularly spectacular skill or decision making after, apart from perhaps patience and sustained interest. In particular, I rather like having a clonecoin. It's well understood, which helps on absolutely everything from maintenance to listing to mining. It's true that it doesn't given any particular special advantages or different tech, but at the same time, it doesn't get any special disadvantages either. In cryptocurrency, I think that sort of "herd immunity" is more important than trying to be trailblazing, despite the fact that Nano/Raiblocks and many of the other currently most successful coins are not clones (and yet at least a couple are, which are generally now not thought of as clones since they exceed at least their direct ancestor now (Litecoin and Monero are the ones that come to mind, from Tenebrix and Bytecoin iirc as I'm too lazy to look up)). That is one coin rehabbing selection I did that I would recommend to others who want an easy approach rather than a hard approach. And, conversely, it's an area where I gave myself a handicap instead of some "ultimate challenge". I knew that if I went for some huge challenge from the technical side it was extremely unlikely to survive. Instead, I wanted just an economic challenge rather than a technical one: how does a market cap, or more generally, the valuation of a coin rise over time? Sounds fairly simple, but is the key to a lot of cryptocurrency, and involves most of the rest of it. It's led me to believing that the community is the basis of both the technical and financial results (on the latter, at least ultimately; more short-term wandering speculation without any particular interest certainly can have a major impact as well but for the most part my guess is that the market of a cryptocurrency will tend to reflect the financial interest and strength of the community behind it over the long-term), as I saw my own interest drive the price as I bid myself up trying to buy up as much NYAN as I could particularly in the first couple months I got involved at the start of 2015 (and bidding against some others from time to time), and then my lack of extra money to keep bidding at that rate and increasing the price eventually coincide with a sudden massive sale that ended that first initial bull market of the revival in early March 2015. For a long time, the chart of NYAN was basically a chart of my own financial health. In a lot of ways, it still is, but not as a result of me being the primary buyer at this point (I don't think; haven't logged into Cryptopia in quite a while; I suspect my last bids at this level whenever I placed them were filled and someone else is currently at this price as it's often been for a while now). Eventually, of course, for a coin to be meaningful, it probably should have more than one buyer, but NYAN survived with mostly me as the majority of its market for some time. Long enough there were certainly points I considered it a potential concern, but I was in no rush to do outreach marketing for a lot of reasons, particularly the many, many risks. Besides, I've always tried to stay fine with the idea that the coin can completely fail, because, of course, it can. So a lack of demand isn't particularly concerning when it happens or a massive sale, as I tend to expect them. Frankly, the rises should be more concerning, as they're the biggest opportunity for mistake and when it's most important to try to make sure people aren't making rash decisions or getting reckless. I regret not having shouted warnings in here more about a likely bubble during the last rise, which peaked at the start of this year but after such a long drought I'd been hopeful that it was less of a bubble than it appears obvious as in hindsight. Okay, that's rather rambly and could really use an edit rather than a publish, but if I save for editing, I'll never do the rewrite and won't publish, and if I publish, I may someday revise and perhaps it'll be of some use or interest in current form so...here it is! I assert this is of no value whatsoever and thus is provided for no cost. I also assert it thus has no warranty, you shouldn't trade based on it, and you just generally should live a safe and cautious life, eat your vegetables, and live to a ripe old age comfortably and happily. Chapter Motto (to be lovingly stolen from GoT House words): Growing Strong
Of Wolves And Weasels - Day 12 - Hoping for a Bubble...?
Hey all! Goodshibe here! Serious talk day, it seems... Good things come and good things go. One of those things is 25 Satoshi Dogecoins. If you had confidence in the coin - in the community - to buy and hold even when things were looking shaky, you're being rewarded in a big way right now. Heck, even if you bought in at 60, you've got yourself a tidy profit... should you choose to sell. I know it's a sign of the moment - our jump to 80-90 satoshis has me reeling a bit too. But, not just today, I'm hearing lots of talk about people who are (quietly or otherwise) hoping this is all just a big bubble. That any day now, the world will collapse around them and they'll be here to pick up the pieces. And I understand that - it's human nature to want to have more. But at the same time let's examine what the reality of those hopes are. Those of us who've been around since the start -- watched it grow to 200 Satoshis on the market, then crumble and fall to 25, understand that bubbles aren't something to wish for. We had the luxury of newness, the ability to mentally check the box in our heads that allowed us to say 'okay, yeah, this makes sense'. That this kind of crash was practically a given for an unsupported coin. It helped us make our peace - and, in some ways, ensured we were strapped in for the long haul with this coin. My first Dogecoin 'buy-in' was at around 150 satoshis -- and I did not know then what I know now. Be that about the markets, or trading or anything. I had some shards of bitcoin kicking around from various faucets, etc and I bought in. I think I got a few hundred DOGEs at that price. I tried to play speculator when the coin was falling (another mistake) bought some bitcoin, like $50 worth, and bought in again at 80 satoshis, thinking 'it's not going to go any lower!'. And it did. That was a fun ride down, let me tell you. Watching my 'money' drain away. Again, I didn't know anything about anything. I did not have a good time. Thankfully, I found this community - this wonderful group of people who looked at the wreckage of our rocket, and with what could only have been a hint of madness in their eyes, had the utter gall to look at the sky and howl 'TO THE MOON!' anyway... and start building a new rocket out of the wreckage. That's when I fell in love with this community. That's when I became GoodShibe. And from there, we've come so far. In just under 6 weeks, this amazing community has come together under the mantra 'who care's what it's worth, this is fun!'. It's that mantra that has brought our community to 30,000 Shibes. It's that mantra that has inspired us, together, to build Dogecoin into something that is starting to 'have value'. Moreso, the outside world is starting to agree with us. We're not an unsupported coin anymore. We're getting attention. We're getting new shibes joining the party every day -- who don't know our history, brief as it is -- and who don't have a stake, yet, in the community. I guess my point here, my friends, is that I feel like we need to have a chat about what success is. And the way to do that is to take a look back, at our brief, but amazing history. To see the the trials and tribulations that have made this community what it is. We need to chronicle it for the future. To prevent Dogecoin from becoming Bitcoin-lite, full of businessmen only looking to profit. You see, while greed is not a 'bad' thing -- it, like many things, is a natural motivator -- it does tend to limit one's view. It focuses you on the moment and not the long view. And hoping for all that we've built together to crumble around us, is really only a vision of greed. I invite some of the shibes who've been here from the start to share their stories, help them be remembered. And for those of you just joining us: Who cares if you bought in at 30 or 50 or 90? Take a look at the long view. Ask yourself: In one year, do I believe - no matter where it goes tomorrow - that Dogecoin will be worth more than it is today? If that answer is yes, then buy in now and help make 90 the one that new shibes look back on wistfully, saying 'man, I wish I could've gotten in back at 90'. It's 9:09 AM EST, your global hashrate is hitting high at 55 Gigahashes per second and Difficulty is holding strong at ~682. My best guess is that Litecoiners, seeing how hard it is to make a buck on Litecoin these days, have all caught on to Dogecoin. Whether they're all going to start cashing those DOGEs out for LTC or whether they'll hold them will decide how DOGE fares for the next little while. As always, I thank you all for your support! GoodShibe EDIT: I've sent @notch a 5000 DOGE tip on Twitter to see if he'll allow us to spend Doges on Mojang games. Check it out here
Hexabot: Just Released Auto-Trading Bot HYIP, Pays Hourly Compounded Interest, 22+% Weekly ROI; Withdraw Anytime
10/30 UPDATE: I have created a wesite that reviews all the features of Hexbot in detail. Anyone interested can check out https://hexabotreview.com. Older Post: I'd like to share with everyone an interesting, newly released coin auto-trading bot called Hexabot. The developer behind the auto-trading bot is from the UK called Peter Shepherd (Hexabot Crypto Trading LTD). While the code is not open source, the bot is open for all to try. They are giving out free 0.0001btc as a newcomer welcome bonus just for registering a free account (no investment or deposit required). They also have a free AD-FREE daily bitcoin faucet (If anything, just use its nice faucet for free bit - screenshots below). In fact, the entire site looks super clean, modern, and is completely AD-FREE (surprising, huh?) For those that don't want to read my detailed, initial review below, you can check out the platform directly here. The reason I wrote this post is to...
Ask: has anyone here heard of this bot and/or the dev/company behind this bot?
Share my initial experience actually swing trading with 0.0005btc on this bot.
Whois shows the domain hexabot.top was registered on 9/8/2017. In short, the bot pays hourly compounded interest and currently has three modes depending on how you want to trade: Bot Trading Modes They have three auto-trading bot modes to choose from with different ROI's:
Sounds too good to be true? What are the risks? While everything sounds spectacular, I am partly skeptical the ROI can be always so high and/or consistent. No investment exists without risk - no "bot" can win 100%. Furthermore, can this be an amazing scam or Ponzi scheme? Only time will tell. At least its faucets are risk free... On the other hand, I do know auto-trading bots do exist and can be profitable. What do you all think? Once again here's the link with my affiliate id if you want to check out Hexabot for yourself (or at least grab the free bitcoin): http://hexabot.top/?r=infinitybit Cheers and stay awesome!
Why the top 4 cryptocurrency's Market Cap are deceptively misleading.
Market cap is a great and terrible way to value a coin. On one end, it establishes the value of a perfect market place and on the other, its deceiving. Here are some reasons to be skeptical of market cap
Bitcoin- Probably the most realistic market cap of the list. 9 years of establishing value among millions of people. All coins bought and mined for. No criticism, but is the benchmark that all cryptos are compared.
Ethereum- The community has taken an crypto-coin that was designed to solve problems and started using it as a cryptocurrency. There currently is no limit to the number of ETH that will be produced, there is no proposed inflation, and there will be a POS hardfork There are 20,000 new coins a day, all being included in the marketcap, sold or held.
Ripple- The reason I became fascinated in market cap. Out of the 39B ripple, 20B of it is not allowed to be sold and held by the founders. This deceptively doubles the market cap, which is realistically under less than 20B. Not to mention another 61% of ripple is held by ripple labs.
BCash- A hard fork takes the mining power of Bitcoin and attributes it to their own market cap. The exchange Circle Pay never gave millions of users BCH, but BCH has included these coins and others into their market cap despite no one paying for them.
Outside those top 4, we start seeing why there is a gigantic gap. -Cardano- The first comparable coin to Bitcoin. No criticisms here. Finite number of coins. -Litecoin- Aside from coinbase insider trading pump, no criticisms on market cap. Finite number of coins. You can see this process over and over as you go down the list. Faucet coins growing much faster than POW coins since the supply is much higher and benefits more from swings. POW coins need to be sold causing inflation, but this is very dependent on difficulty. Be skeptical of Market cap to determine value, technology is more important than a top 10 list
If you've come here to post that you're worried about the price being down, please read this.
I'm seeing a lot of "Guys, the price is down, what are we going to do" posts. Item #1: Look at Bitcoin's history. http://blockchain.info/charts/market-price?timespan=1year - Notice in April 2013, there was a spike, and then a drop. Notice all of the peaks and valleys. The trend has been undeniably upward, but everyone needs to understand that peaks and dips are absolutely the normal function of a trading market where some people are trying to sell high and some people are trying to buy low. To see a real trend, we need to look at averages. This is why "real" stock market graphs show 24hr, 7 day and 30 day trend lines. Because the averaged trends (signal) are more important than the day to day jitter. Item #2: The Allegory of the Bank Run. It goes a bit like this. Someone about town, with 5 small banks, one bank closes for a day because they have trouble paying out funds. A customer of that bank spreads the rumor that there is going to be a bank run, meaning that everyone is going to withdraw their funds and the banks will become insolvent. In reaction to this rumor, the entire town withdraws all of their money from the other 4 banks, thereby causing a bank run - in reaction to an imagined impending bank run. Right now the BIGGEST danger to Dogecoin is not day traders, trollbox preachers, or price manipulators. It's morale here, and this absolutely unfounded worry that a moderate dip in price which has been calculated in days. Has anyone noticed that while Dogecoin has taken an underwhelming slight fall, Bitcoin has basically fallen from orbit? Bitcoin has crashed, Litecoin has crashed, and Dogecoin has "meh'd". We really need to see the silver lining here. ALL cryptos are down right now. Dogecoin isn't down that much by comparison. And people are getting nervous because we're not at 300 satoshis yet? Come on folks. We were at 75 satoshis a few weeks ago. Let's temper our expectations and can the negativity because it can and WILL cause a feedback loop that will cause the market (which is inherently emotional) to react to the community's morale. It makes me worry about how shibes will react to the inevitable first REAL dogecoin crash. (It'll happen, and 'that too, shall pass'.) There is no need to abort this mission AT ALL. Keep evangelizing Doge and the community. Keep using Doge, keep exchanging Doge, keep mining Doge and keep telling everyone you can about Doge. When you worry about the price, channel that upset into doing something with Doge. Make a site. Talk to a business about accepting doge. Get a friend mining. Show a friend faucets. Anything but rumination about insignificant jitter in the trend line. Because we are absolutely and undoubtedly still flying.
CoinPot! The BEST free Cryptocurrency faucet/miner! Proof inside, amazing returns. Only one that's worth it.
I've tried hundreds of Bitcoin faucets and websites that claim to get you free bitcoins. Usually, with faucets you can get super minuscule amounts, and it's really not worth your time. I've finally found one that's actually worth looking at/running in the background! It's called Coin Pot. It also acts as a Dashboard where you can store Dogecoin, Bitcoin, Litecoin, Dash Coin, Bitcoin Cash, and also you can CONVERT coins to each other for free! It's super handy. Here's my ref link: http://moonbit.co.in/?ref=dbf09c210c05 Here's non ref- link: http://moonbit.co.in/ Basically, there are multiple websites that fall under your CoinPot account. You sign up here: https://coinpot.co/mine/bitcoincore , and then your log-in there works on the following websites where you can answer Surveys for more Crypto, play games for Crypto, or use the Coin Pot Dashboard to MINE coins on your browser. Mining: On your Coin Pot Dashboard, you'll see 5 coin options. Bitcoin, Bitcoin Cash, Doge Coin, LiteCoin, and Dash. If you Click "View Summary", there is options to Deposit Bitcoin, Withdraw, Convert, and most importantly MINE. You can run as many computers/tablets/mobile as you want with the link it provides you and farm extra BTC. You can decide if you want it to be run low, medium, high, or Very high, and the higher you allow it to take your GPU, the higher rewards you get, of course. So far, I've been able to make at least 10$ a day by running Mines in the background and on a couple computers, also while doing some surveys and playing a couple games. The interface on Coin Pot is also, IMO, one of the best Bitcoin trading and selling interfaces I have ever used out of a lot of them. Anyways, I'd reccomend giving it a try if you are thinking about getting into Bitcoins or Cryptocurrency at all but don't want to invest real money yet. You can also convert all your other coins into Bitcoin ,for example, to maximize earnings. Or Litecoin, vise versa. Either way, I have nothing but good things to say, and if you search around on Google you'll see they have plenty of positive reviews. Here are some links for their websites (Referral links, but once you are on Coin Pot it's easy to find. However, if you get Other people to join as a referral, they get 50% commission for a lifetime, so if you appreciated this post I would appreciate if you used one of the links below :) Thank you ! So to recap, ALL The websites below, will send the coin to your Wallet on Coin Pot. They are all affiliated and owned by the same people. So you can really maximize earnings. http://moondoge.co.in/?ref=f0b4a3a7ecbf (For Doge) http://moonliteco.in/?ref=187eca8d36f0 (For Lite) http://moonbit.co.in/?ref=dbf09c210c05 (For Bitcoin, can also get multipliers for amount of Bitcoin earned) http://moondash.co.in/?ref=802F1E3E07F8 (Dash Coin) Here is a Pic of the Dashboard and me with three mines on at different speeds. Obviously, with better computers you can get higher H/s. You'll see though that you will get a lot of rewards quickly and much faster than any other faucet or Cloud mining service. If you have any questions, please don't hesitate to ask. Thanks :) PROOF: https://imgur.com/xLbiXhm. Click the pic to zoom in, and on the left is the Dashboard with the totals, etc, and then on the left is a few tabs on mining. Keep in mind, you can run as many as you want on as many tablets/computers/laptops, so you can really add up the coins. Good luck! Mods, PLEASE let me know if there's any issues. This is legitimate global beermoney. Crypto is a great global currency because of the exchange rate. If you are interested at all in Coin Pot or more free Crypto, I'll be posting some more ideas and programs/sites on my subreddit : https://www.reddit.com/FreeCurrencyCrypto/. This post got me banned from Beermoney, so incase it happens again! Let's get that $$$$
Hello cryptocurrency lovers! Welcome to Coin-a-Year, the laziest series yet in the Coin-a-Day publishing empire. This year's coin is Nyancoin (NYAN). I originally covered Nyancoin in an article here in /cryptocurrency published January 4th, 2015. Without (much) further ado, I'm going to include the original report next, unmodified. This is unlike my Coin-a-Week series, where I use strikeout and update in-text. Because this is going to be a longer update, I'll just make all further comments and updates below, just realize that all information below is as of January 4th, 2015 and thus is more than a year out of date as of posting now, at the end of February 2016. Since I use horizontal rules as internal dividers in the original post, I'll use a double horizontal rule to divide the original text from this prelude and the following update. Coin-a-Day Jan 4th Welcome to the fourth installment of Coin-a-Day! To see convenient links to the introduction and the previous entries, please see /coinaday. Today's coin is Nyancoin (NYAN). Summary • ~173.6 million available currently ; 337 million limit  • All-time high: ~0.000024 BTC on February 16, 2014  • Current price: ~3 satoshi  • Current market cap: ~$1,275  • Block rate (average): 1 minute   • Transaction rate: ~25? / last 24 hours; estimated $3-4  • Transaction limit: 70 / second  • Transaction cost: 0 for most transactions  • Rich list: ???  • Exchanges: Cryptsy  • Processing method: Mining  • Distribution method: proof-of-work block rewards and 1% premine for "bounties, giveaways & dev support"   • Community: Comatose  • Code/development: https://github.com/nyancoin-release/nyancoin ; there hasn't been a released code change in 10 months. The new developer has talked about some changes, but has not made a new release. He has given advice about how to keep the network running and operate the client.  • Innovation or special feature: First officially licensed cryptocurrency (from Nyancat) ; "zombie"-coin  Description / Community: So you're probably wondering why in the world we're talking about a coin which has been declared dead and already written off. I actually first selected this coin to illustrate a "deadcoin", but the more I dug into it, the more I was amazed at the shambles I discovered. I am combining the description and community sections for this coin, because the community (or lack thereof) is the central issue for Nyancoin. Substantially all, if not literally all, of the original infrastructure is gone. From the announcement post, the original website has expired. The nyan.cat site itself survives, but has no reference to the coin. The github repo remains, but then there was never much changed from the bitcoin/litecoin original. In fact, the COPYING file doesn't even list "Nyancoin Developers". None of the original nodes seem to be running anymore. @Nyan_Coin hasn't tweeted since July 6th. And that was just to announce posting an admittedly cute picture to facebook which makes a claim for a future which seems never to have developed. Of the original 15 pools, I think all are dead except p2pool, for which at least one node still supports NYAN. The original blockchain explorer, nyancha.in, is still running. The faucet is dead or broken. The original exchanges no longer list it (two of the three having died; SwissCEX having ended its trading as of the first of this year). And so forth. And yet:
[Of course, that scene finishes with knocking out the "recovering" patient so he can be taken away...not to mention the absurdity of including Monty Python in a financial article, but moving right along.] There is still just enough left to Nyancoin to keep it twitching, even if it is on life-support. Whether it's an individual node or whether it's a pool, there are blocks being produced at a steady rate as intended. Transactions are being processed. There is still a market. There is still a block explorer. And there is a dev. It is like a case study in the absolute minimum necessary to keep a coin alive. The most likely outcome is almost certainly a final collapse when one critical piece or another of the infrastructure goes away. And yet in the meantime, a person can own a million NYAN for $8 , and then move this coin quickly and easy, albeit with no particular external demand. It's like the world's most hyped testnet. I think this case presents an interesting example of what happens to an altcoin when its initial support dries up. NYAN coin is more fortunate than some, actually, as there are some where there are no longer any nodes running it nor the original announcement thread (in fact, there was actually a second Nyancoin launched around the same time. But it died hard and its original announcement thread was deleted and at this point I would have no idea how to access it; so "Nyancoin" thus illustrates how hard a coin can die (Nyancoin 2) as well as how it can hang around despite being proclaimed dead, with far more justification behind that pronouncement than there has been for bitcoin (NYAN) ). Footnotes  http://coinmarketcap.com/currencies/nyancoin/  https://bitcointalk.org/index.php?topic=402085.0 Regarding the premine, it's unclear to me where this money is now, since the original poster hasn't been active on BCT since May and the original site is down. However, given that it's only 1%, and about $25 in value right now, there seem to be more significant concerns for NYAN.  http://nyancha.in/chain/Nyancoin - Nyan blockchain explorer; blocks are somewhat inconsistent but somewhere around the 1 minute average  There doesn't seem to be anything automatically doing these stats, so I did visual inspection on about 1500 blocks (about one day) excluding the block generation reward (~250k/day). Most blocks are otherwise empty. I counted about 24 transactions or so scrolling through, with an outlier around 300k NYAN and another around 100k NYAN. In total, about 500k NYAN, excluding the block rewards. This is very approximately $3-4.  Nyancoin is a basically unmodified, slightly out-of-date bitcoin as far as code goes, and ignoring the change in block rate and total coin supply, as well as the difficulty retarget after every block. So for purposes of estimating maximum possible transaction throughput, I start with bitcoin's estimated 7 transactions per second, and multiply by 10 for having a block on average every minute rather than every 10 minutes. In any event, this limit is not likely to be reached in the foreseeable future.  Like bitcoin, transaction fees appear to be optional in Nyancoin. Unlike bitcoin, there is almost no transaction volume, and coins tend to sit for a relatively long time before being moved. So zero-fee transactions appear to be the norm from looking at a couple transactions on the block explorer.  I couldn't find one. See the disclosure section of this article: your humble correspondent is likely represented in some way on a top 100 if one were to be made or if one exists, despite not holding it directly, depending on how the exchange holds it.  I could not find any other exchanges still listing Nyancoin. SwissCex appears to have disabled it as of a couple days ago. Cryptsy has a notice that the NYAN/BTC market will be closing, but its NYAN/LTC market appears strong.  Essentially all of the original sites, pools, faucets, etc. are dead and there has been very little to replace it. There is basically a single node, or perhaps a very few, which are running the blockchain. However, there is a developer still trying to hold things together, maxvall_dev, maxvall on BCT. He is the last hope for the NYAN.  https://bitcointalk.org/index.php?topic=597877.0 This is the thread where maxvall took over as dev, and it also discusses switching to PoS, which hasn't happened as far as I know.  "zombie"-coin: Not to be confused with ZMB (my god, does it ever end?). This is my term to describe a coin which is "undead": by rights it should be dead. And yet it's still walking around and acting like it's alive. What is it? What's going on? It's quite debatable whether this gives it any special value, but I find it an interesting state, and it's why this was chosen for early coverage. There are plenty of actually popular and successful coins, and we will go onto covering more normal selections; we're looking for variety rather than repetition. But I think this is an interesting example for what can go wrong, and yet in the midst of that, how little it takes for a coin to survive. In fact, it's almost like an alternate history bitcoin to me; this shows the concept that "it was run on one computer before; it can be run on one computer again" to some extent. And there are even some strange pragmatic benefits as well, like having no competition for getting a transaction into a block and thus zero transaction fees.  And, in fact, the author chose to do so today, spending about 0.03 BTC for about 1 million NYAN. Additional Reading • /nyancoins - Like NYAN: mostly dead, but not quite • http://nyan-coin.org/ - new official website • BCT thread listing nodes, xpool (p2pool), for mining information. • americanpegasus predicting in February that NYAN will hit $1; always an entertaining read Giveaway Instead of a challenge today, since NYAN has enough challenges, I decided I would give away 10,000 NYAN to at least the first ten people who ask for it. This still remains at my discretion, but honestly, if you really want, say, 50,000 NYAN and create four new accounts to do so, I'll probably be too amused to say no. I don't expect to get ten requests. If I get more, I'll probably still fulfill them, but as with everything else, this is left to my whim. Donations and Disclosure Okay, this is an important one today because of the tiny market here. I actually hold less USD value in NYAN than in BTC, DOGE, and PPC (although my value in PPC might be about equivalent actually), but I hold more of the total market in NYAN than any of those three. And I'll probably be buying more. So I have a conflict of interest in writing this article. I am not providing financial advice and I do not make any recommendations of any sort on any matters. Make your own decisions; do your own research. Please, I do not want to hear about anyone doing anything "on my advice." I am not offering advice. I personally hold just over 1 million NYAN on Cryptsy right now. Perhaps it would be better if I didn't write any articles about anything I were invested inspeculating on, but I started this series for my own education to further my speculation, so unfortunately, dear reader, your needs come second to my own. tanstaafl; you get what you pay for, and I'm giving you my thoughts. If by some strange quirk of fate you actually own NYAN and enjoyed this article and wished to donate some to me, K7Ho9HghBF6xWwS6JsepE6RAEPyAXbsQCV is mine (first non-empty account I've posted; transferred 1000 NYAN into here earlier from Cryptsy to test that the network and my wallet were actually working). Thank you all for reading and commenting! I've already learned a lot from this process and I look forward to more! Upcoming coins: • January 5th: Nxt • January 6th: Darkcoin • January 7th: Namecoin I'll use alphabetic labeling for footnotes in the updates to avoid any confusion with the footnotes in the original. For simplicity, unchanged items, like the 337 million limit and the 1 minute will not be mentioned, and we'll start with the summary changes. Updates: Summary
Community: We're not quite dead yet; in fact, I think we're getting better! [f]
Code/Development: I have an early draft of NYAN2, but I'm about six months past my initial goal for having it available to use. Life/work/lack of build machine/procrastination. NYAN2 will be a rebase onto a modern LTC codebase which will soft fork to fix a current vulnerability to a fork bug. For now, the network still runs on the same code that it did when I wrote the first article.
Discussion I'm going to consider the community first, since I pointed it out as the weakness and central topic in the last one, then talk about the technical situation briefly, and then review the financial results. The community has been excellent, if I do say so myself. We've got working infrastructure going thanks to the contributions of many Nekonauts (see [f]). Some original Nekonauts have returned or at least popped in from time to time, and new ones like myself have found Nyancoin (I would say given what I wrote in the original, I was still a skeptic of it at that point. Not that skeptics can't be Nekonauts, but I think I'd put my conversion to the cult of nyan shortly after writing that, even though I was already a nillionaire then for the heck of it.) While I do look forward to seeing the community continue to grow in future years and consider that important, I don't think the community is our weakest point any longer; I think it's now our strongest point. I've tried to encourage the community's revival as best I could, including giving away tens of nillions in total, and lots of long rambling articles on my views on ethics and philosophy and frankly it's worked better than I would've really expected (or at least it has coincided with an effective recovery of the community). The community also helped me through at least a couple hard times personally in there as well. The technical situation in Nyancoin is mostly unchanged but slightly improved, although with two additional known vulnerabilities. It's unchanged in that it's the same client. It's improved in that we have an active nyanchain explorer host (nyan.space), and we have a public draft of a plan for a soft forking security fix update in the near future (hopefully by the end of March (although I've slipped these deadlines before and may well miss March for release by a bit, I do think I'm inching closer now and then)). The most serious vulnerability is to forking. This is the bug which hit Peercoin if I recall correctly. NYAN2 is intended to solve this through its soft fork from the LTC fix upstream (from the BTC fix upstream). In the meantime, we've been lucky we haven't been attacked. The tiny marketcap probably helps with not being a particularly attractive attack target. We're not exactly about to pay ransom to move faucet outputs. But that's no excuse; we want this fixed and should have it finally done "soon" (tm). The less serious vulnerability is to a time warp attack in the difficulty function (Kimoto Gravity Well), which relates to general weaknesses it has and issues we've had with large gaps in the block chain because of spikes in the difficulty function causing it to be unprofitable and driving away most of the hash, and then low difficulty and price rise making it attractive to more hash, creating a spike and causing it again. While this is irritating, the chain still works, even if there are fits and starts at times. An important part of the reason I can get away with this is because there is at least one Nekonaut-supporting miner, CartmanSPC, who rescues us from time to time, and did so during the course of this article being written. We have a bunch of pools, but sometimes the hash just isn't there to get us unstuck when the difficulty goes high enough. Another part of the reason I consider it not an especially serious issue is because there's a workaround which works for me (classic bad developer logic): I use a large transaction fee (generally 337 NYAN, although I might have halved it after the most recent halving, I'll probably use 337 again) on my personal wallet by default. If necessary, I use a couple of them. It can make NYAN profitable to mine again despite the higher difficulty and "unstick" the chain. The difficulty function can go back down again in the next block if the gap has been long enough, so that can be enough to keep it going again for a while (although it can also get stuck again irritatingly fast at times). A fix for this will be putting in a better difficulty function for NYAN3, which will require a hard fork. This is tentatively scheduled for feature freeze around the middle of this year, coding to follow, activation sometime early 2017. Financial has been our most disappointing performance. A graph of the 1 year performance right now on coinmarketcap looks pretty sad, showing our fall from a little over 60 satoshi down to around 7 satoshi now. We rose too high, too fast, and I didn't stick with the safe high paying job like a sane person. Instead I hit the road, went to jail, and worked minimum wage. That doesn't sound like a sentence from a cryptocurrency financial review, does it? But the performance of NYAN since the article has been the story of my personal finances, which is the story of my life since then. So, autobiographical coinaday interlude, trying to keep it generally to the most salient points. Well, in 2014 I had been on my way home to Minnesota from California when I was pulled over leaving Eureka, Nevada for speeding (got sloppy and went 45 approaching the 45 sign and thus technically still in the 35; bored cop seeing out-of-state plates). My vehicle reeked of weed, what with having been in Mendocino County previously with no intention of traveling out of the county much less state anytime soon but family emergency brought me back, and the end result was a citation for possession of cannabis and paraphernalia along with the speeding. Fast forward to the beginning of 2015, I'm settled into a good software position and start looking more at cryptocurrency in my spare time. I write the coin-a-day series for a bit and then got annoyed and quit after a while when trying to do one a day on top of an actual job was too much for me (along with some annoyance over criticism; I can be rather thin-skinned at times). But I had gotten interested in Nyancoin, and started buying it up more and more with extra money I was making. And then comes the crash. I had to stop putting as much in as I realized that where I was living and what I was working on wasn't going to work out for me and I needed to figure something else out. So, as I seem wont to do, I went on a roadtrip. I quit my job. And I went back for the court date for my citations and refused to pay, instead spending 10 days in jail rather than pay ~$1400 (I actually had the money in cash available to me if I chose to pay as a backup if I chickened out, but the judge annoyed me enough that I really preferred to be jailed instead of paying, as stupid as that sounds since I'm quite sure the judge didn't care in the least one way or another). After that, I went back to roadtrip lifestyle for a while. It was a nice period. A lot of beautiful scenery; a lot of reading. Eventually, I busted up my car pretty badly...a couple times actually, the second time for good. Fast forwarding through the rest of the year, I worked a couple minimum wage jobs to pay bills and avoid cubicle life and kill some time until I figured out what I was going to do next. Just recently I quit as delivery boy after getting a speeding ticket (I swear, I'm not as horrible of a driver as this makes me sounds, although I have had a bad tendency to speed in the past, which I really have curbed to almost nothing; but I'm clearly not good enough) and am currently writing a Coin-a-Year article with a friend's incentive and applying to do documentation and development with the Nu project. Okay, so what did any of that have to do with NYAN? Well, it's the mess of a life that has led to the fall of the price from 60 satoshi to 7 satoshi. If instead my life history for the time since the article had been simply "I was happily employed writing software", then I don't believe we would have dropped below 20 satoshi. It's easy to see in hindsight. If anyone can lend me a time machine, I'm sure I can get some condensed instructions which should improve performance significantly. Otherwise, just going to have more chalked up for the "character building" tally. So, lessons learned if you are the major buy support for your coin: you need long-term reserves. Whatever you put in bids can be taken out in a moment by a dump for no apparent reason. This is particularly true if you may be quitting your cushy, high-paying job and wandering around without income for an extended period of time. Rather obvious, but hey, maybe someone else can learn from my mistakes. If I'd been bidding as cautiously as I am now from the beginning, I think the price would probably be somewhere from 10-20 satoshi now instead of around 7 satoshi. It's especially unfortunate given that I wanted to be able to demonstrate the more consistent growth possible building a stable store of value, as opposed to the pump and dumps common in altcoins. And instead we had a pump-and-dump looking graph ourselves after I bid up higher than I was able to sustain, and a large (10+ nillion) instadump crashed the market all the way back down to 1 satoshi momentarily. We've had a few large (2+ nillion) dumps since, but nothing that large. We haven't generally had that large of bids though either. It's hard to know when I've exhausted the supply at a price level, when it sometimes waits for a couple weeks or even more and then fills all the bids at once. But I want to maximize the minimum price paid because I think that's important for building confidence in a store of value long-term, which is one of my core goals for NYAN. At the same time, we're still up from the lowest parts of the floor and where I found it. Since I own about 30% [g], the very cheapest supply has been taken off the market. I plan to keep on buying up "cheap NYAN" as much as I can. I've bought up to 60 satoshi before, I'll probably buy up that high this time around. I've got a token 100,000 NYAN ask at 300 satoshi; I hope never to sell lower. Conclusions Now I try to wrap it all together as if I saw this all coming and am the wise expert, despite having had about 90% drop in price in the last year after bidding too high. My original concept was taking the "minimum viable coin" and reviving it to a powerhouse as a textbook example in how to do it. Part of my core concept in this is the arbitrariness of value: throughout history, humans have chosen any number of things as a store of value for the time: salt, large rocks, certain metals, disks, marked sticks, and so forth. While there has generally been a certain logic in the choice, in that there is a locally restricted supply in one way or another, and so forth, from the perspective of other centuries or cultures the choices can seem quite strange. Growing up, I was always struck by how strange the notion of salt being limited and valuable seemed in a world where people were trying to reduce intake and large amounts could be bought for trivial sums. And yet, a key nutrient necessary for life fundamentally makes more sense as being valuable than notched sticks or printed paper or a piece of plastic with some encoded information. Humans have perpetually come up with stranger and stranger ways of storing and transferring value. Each new step, as always, comes with its own disadvantages and, frankly, has generally appeared nonsensical at best and fraudulent at worst to the status quo. Which doesn't mean that each new attempt is valuable. The gold bugs always like to point out that every fiat currency ultimately returns to its true value of zero. And the skeptics of cryptocurrency argue that all cryptocurrencies will eventually return to their true value of zero. It's certainly possible. And it's possible the USD will hyperinflate someday. I tend to try the moderate view for a plausible guess of the future. By that type of logic, I would guess that over the course of decades, USD will in general lose value, and cryptocurrency will tend to slowly gain value. That might not seem the moderate view, but USD not losing value over decades would be truly shocking. And hyperinflation has been predicted since the USD went off the gold standard, or before. So some amount of inflation less than hyperinflation seems like the safe guess (but then, the Titanic arriving would also have seemed like the safe guess to me). And with cryptocurrency, I think it's clear by now the technology will continue to survive. So my first question is with what overall value as a market? It could go down, of course, but that seems unlikely in an already small, young market. Even if all the current crop die off and are replaced, whatever cryptocurrencies are around should be able to do better than a handful of billion in market cap in my view. I believe that cryptocurrency has a bright future ahead of it. The best coins should ultimately survive and thrive. But I've been wrong on most of my major calls so far, like for instance when I thought BTC was over-priced around $5-$10. I think Nyancoin can have an important role to play in the future of cryptocurrency in the years and decades to come, but it's a massively speculative long-shot. See also Nyancoin risks document. But like Linus Torvalds' autobiography, I try to keep "Just for Fun" as a core motto and principle. It's makes for a good hobby project because there will always be more to work on, with a core community motto of TO INFINITY AND BEYOND! Disclaimers / Sponsorship: As I said before:
I am not providing financial advice and I do not make any recommendations of any sort on any matters. Make your own decisions; do your own research. Please, I do not want to hear about anyone doing anything "on my advice." I am not offering advice.
And I'll reiterate that I own about 30% [g] of the current supply of NYAN, which makes me by definition maximally biased. Also, I'm not sure what's up with the address from the first post. It doesn't show up in my current wallet as a recognized address. So, anyhow, don't send there. :-) If you'd like to donate, please consider sponsoring a coin-a-day or coin-a-week article. This is the first sponsored article. This Coin-a-Year article has been brought to you by spydud22 's generous patronage. I'd been meaning to do a Coin-a-Week article on Nyancoin for a while, but between wanting to "wait until the price recovered a bit" and general procrastination, then it seemed like it would make a good Coin-a-Year article, and then I wanted to wait until the price recovered a bit more...anyhow, so thank you spydud22, for causing me to finally do this. :-) Footnotes
[a] nyan.space/chain/Nyancoin ; as of block 1091430, 263738786.71890615 NYAN outstanding. This is slightly over 50% more than the last report, which is what we would expect, since it had existed for about a year then, and has approximately annual halvings. The first year generated about 50% of total supply; the second year generated about 25% of total supply. We should expect in a year to have about 17% (one-sixth) more than we have now.
[b] https://www.cryptopia.co.nz/Exchange?market=NYAN_BTC ; this is the only market reflected in coinmarketcap and it is the primary one on which I trade. Cryptopia also has other base pairs which operate at significantly higher spreads (lower bids; higher asks) and have minimal volume. In the time since the last report, NYAN has traded as high as 60 satoshi (and briefly a little higher at times), but over the last almost twelve months since a peak about a year ago, the price has been generally declining overall, as a gross oversimplification of a lot of movements. This has been an effect of me not being able to keep buying as much and there being large dumps I wasn't expecting from time-to-time. Now I'm taking the approach of building large (one or more nillion (million NYAN)) bids on each price as I slowly work my way back up again in order to be able to handle possible dumps with less price shock.
[c] coinmarketcap.com/currencies/nyancoin/ ; as noted in [b], this only reflects the /BTC basepair on Cryptopia but that's where most of the volume is anyhow. Of course, the market is also not particularly liquid since I'm the primary buyer and have rather limited means currently.
[d] I haven't setup a script to count this yet, among many things on my to-do list for someday, so I went through by hand from what was the then-latest block of 1091430 on nyan.space back to 1089766 which was the first block generated less than 24 hours before. There was actually a three and a half hour block gap at that point, such that the next prior block was about 24 hours and 15 minutes before 1091430 while 1089766 was only about 20 hours and 45 minutes prior, and has a disproportionate number of transactions and value compared to a typical block (8 and ~313,000 NYAN respectively) from the build-up during the gap. But since that gap conveniently started right about at the start of the 24 hour period, doesn't really skew our results here.
Note that there are often times where the UTXO created during one transaction during the day is spent during a later transaction in the day. This can be considered the "same" Nyancoin being "spent" twice in the same day in our total. But in practice, I believe what's happening here is the faucet is breaking off small (10-50 NYAN) pieces from a larger (~40,000 NYAN) chunk, and so that pops up a bunch of times. So the total NYAN blockchain volume as counted for this topline number should not be interpreted as "NYAN spent in the day" but "NYAN moved on the chain", where the "same coin" can move many times. So it's a very easily gamed metric and not a strong / resistant metric like the market price tends to be (at least relatively speaking), but it's a fun number to calculate and provides a little bit of information. The transaction count can also be easily inflated and certainly, for instance, having the faucet does generate transactions which are a very common transaction. And this is also just an arbitrary 24 hour period compared to a previous arbitrary 24 hour period. Nonetheless, I do think there's clearly a bit more activity on the Nyanchain, even though the typical block is still empty and the number of transactions and volume is still tiny compared to the major cryptocurrencies. Here's an arbitrary example of the faucet transactions Note the zero transaction fee, which I love that the miners support (the defaults are all quite low as well). Here's an example of what may be the smallest transaction by NYAN volume of the day; but no, I followed its small, spent output, and it led to this gem which also links to this. I have no idea what's going on here, but it's hilarious and I love it. How's that for microtransaction support? :-)
[e] Obviously Cryptsy went down. We had had more than enough red flags with Cryptsy (including one time where I was able to withdraw 6 nillion more than I had in my balance) and got onto Cryptopia. spydud22 basically accomplished that for us, although I helped out in the tail end of the campaigning.
[f] Our community is still small (I wish there were literally dozens of us!) but we've had valuable activity from multiple people, including, just as highlights, vmp32k who hosts nyan.space, a clone of the original nyancha.in, jwflame who created the excellent nyancoin.info intro site, with the awesome status page (which currently notes that "the last 500 blocks actually took 111 minutes, which is approaching the speed of light, causing the universe to become unstable"), KojoSlayer who runs the faucet and dice, spydud22 who got us on Cryptopia, and many other Nekonauts have made worthy contributions, and the Nekonauts mentioned have done more than just that listed. So while we are small, we are active at least from time to time and technically capable.
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