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I wrote an investment thesis for Bitcoin and Fold if I had $1 MM to invest in 1 crypto asset and 1 crypto company. How would you invest $1MM?

I wrote an investment thesis for Bitcoin and Fold if I had $1 MM to invest in 1 crypto asset and 1 crypto company. How would you invest $1MM? submitted by ecurrencyhodler to CryptoCurrency [link] [comments]

I wrote an investment thesis for Bitcoin and Fold if I had to choose 1 crypto asset and 1 crypto company. Hope you enjoy!

I wrote an investment thesis for Bitcoin and Fold if I had to choose 1 crypto asset and 1 crypto company. Hope you enjoy! submitted by ecurrencyhodler to Bitcoin [link] [comments]

@FT: The 40-fold price surge in bitcoin since Mt Gox's collapse means that the company’s assets now dwarf its liabilities. A group of old depositors wants these newly-found riches disbursed https://t.co/snDbihKIcY

@FT: The 40-fold price surge in bitcoin since Mt Gox's collapse means that the company’s assets now dwarf its liabilities. A group of old depositors wants these newly-found riches disbursed https://t.co/snDbihKIcY submitted by -en- to newsbotbot [link] [comments]

Bitcoin companies ZapChain and Fold were just highlighted on TV in China!

Bitcoin companies ZapChain and Fold were just highlighted on TV in China! submitted by AEonCIpher to Bitcoin [link] [comments]

Bitcoin companies ZapChain and Fold were just highlighted on TV in China!

submitted by BitcoinAllBot to BitcoinAllTV [link] [comments]

Bitcoin companies ZapChain and Fold were just highlighted on TV in China!

Bitcoin companies ZapChain and Fold were just highlighted on TV in China! submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What r/fatFIRE can learn from the book, Psychology of Money

My favorite author, Morgan Housel, released his new book, The Psychology of Money, last week. In the book, Housel discussed many interesting psychological phenomenon, through the lens of finance. As I flipped through the pages, I started to realize so much of what's happening in fatFIRE are examples of what's discussed in the book.
No One's Crazy
The book begins with how your personal experiences with money make up maybe 0.000000001% of what's happened in the world, but maybe 80% of how you think the world works.
For example, if you were born in 1970, the S&P 500 increased almost 10-fold, adjusted for inflation, during your teens and 20s. That's an amazing return. If you were born in 1950, the market went literally nowhere in your teens and 20s adjusted for inflation. Two groups of people, separated by chance of their birth year, go through life with a completely different view on how the stock market works.
Takeaways for fatFIRE:
When you read other posts and comments about what stocks to buy, what startups to join, what's the economy going to be like, what's the best asset allocation, etc., remember that is just a single person's point of view. That person may be from a different generation, earns different incomes, upholds different values, keeps different jobs, and has different degrees of luck.
And remember, don't be mean to others. A view about money that one group of people thinks is outrageous can make perfect sense to another.
Luck & Risk
The next chapter discusses the big role luck and risk plays in someone's life. Luck and risk are two sides of the same coin.
Examples from the book: Countless fortunes (and mistakes) owe their outcomes to leverage. The best (and worst) managers drive their employees as hard as they can. "The customers are always right" and "customers don't know what they want" are both accepted business wisdom. The line between "inspiringly bold" and "foolishly reckless" can be a millimeter thick and only visible with hindsight. Risk and luck are doppelgängers.
Takeaways for fatFIRE:
Be careful who you praise and admire. That commenter who joined a unicorn at Series A may look like a genius on the outside, but they may just be lucky and cannot repeat it again.
Be careful who you look down upon and wish to avoid becoming. That poster who joined WeWork may look like a fool, but they made the best decision based on the information they had at a time. They took a risk and got unlucky.
Therefore, focus less on specific individuals and case studies and more on broad patterns.
Furthermore, when things are going extremely well, realize it's not as good as you think -- like the stock market right now.
On the other hand, we should forgive ourselves and leave room for understanding when judging failures -- like the stock market in March.
Never Enough
The hardest financial skill is getting the goalpost to stop moving. It gets dangerous when the taste of having more -- more money, more power, more prestige -- increases ambition faster than satisfaction.
Social comparison is the problem here. A rookie baseball players who earns $500k a year envies Mike Trout who has a 12-year, $430 million contract envies a hedge fund manager who makes $340 million a year envies Warren Buffett who had a $3.5 billion increase in fortune in 2018.
There are many things never worth risking, no matter the potential gain. Reputation is invaluable. Freedom and independence are invaluable. Friends and family are invaluable. Being loved by those who you want to love you is invaluable. Happiness is invaluable. And your best shot at keeping these things is knowing when it's time to stop taking risks that might harm them. Knowing when you have enough.
Takeaways for fatFIRE:
When you make a big gain, it's totally okay to take profit, as long as you keep your ambition down and acknowledge the possibility that it may go higher. If that happens, no need to play the would've should've could've game, because it very well might've gone the other way.
When you see someone who got 20x return on Shopify or bet big into Ethereum in 2016, remember they may envy the pre-IPO employees at Shopify or the genius who held Bitcoin since 2010.
At the end of the day, do not risk more than what's comfortable in your life for the sake of making huge amount of money, because even if you do make it, you may not find it worth it.
Tails, You Win
Skipping a few chapters to talk about the prominence of tail events.
At the Berkshire Hathaway shareholder meeting in 2013 Warren Buffet said he's owned 400 to 500 stocks during his life and made most of his money on 10 of them. Charlie Munger followed up: "If you remove just a few of Berkshire's top investments, its long-term track record is pretty average."
In 2018, Amazon drove 6% of the S&P 500's returns. And Amazon's growth is almost entirely due to Prime and Amazon Web Services, which itself are tail events in a company that has experimented with hundreds of products, from the Fire Phone to travel agencies.
Apple was responsible for almost 7% of the index's returns in 2018. And it is driven overwhelmingly by the iPhone, which in the world of tech products is as tail--y as tails get.
And who's working at these companies? Google's hiring acceptance rate if 0.2%. Facebook's is 0.1%. Apple's is about 2%. So the people working on these tail projects that drive tail returns have tail careers.
Takeaways for fatFIRE:
When we pay special attention to a role model's successes we overlook that their gains came from a small percent of their actions. That makes our own failures, losses, and setbacks feel like we're doing something wrong.
When you accept that tails drive everything is business, investing and finance you will realize that it's normal for lots of things to go wrong, break, fail and fall. If you are a good stock picker you'll be right maybe half the time. If you're a good business leader maybe half of your product and strategy ideas will work. If you're a good investor most years will be just OK, and plenty will be bad. If you're a good worker you'll find the right company in the right field after several attempts and trials. And that's if you're good.
Freedom
The highest form of wealth is the ability to wake up every morning and say "I can do whatever I want today." The ability to do what you want, when you want, with who you want, for as long as you want, is priceless. It is the highest dividend money pays.
Research has shown having a strong sense of controlling one's life is a more dependable predictor of positive feelings of wellbeing than any of the objective conditions of life we have considered.
People like to feel like they're in control -- in the drivers' seat. When we try to get them to do something, they feel disempowered. Rather than feeling like they made the choice, they feel like we made it for them. So they say no or do something else, even when they might have originally been happy to go along.
Takeaways for fatFIRE:
Most of you probably are working thought-based and decision job, your tool is your head, which never leaves you. You might be thinking about your project during your commute, as you're making dinner, while you put your kids to sleep, and when you wake up stressed at three in the morning. You might be on the clock for fewer hours than you would in 1050. But it feels like you're working 24/7.
If this feels like you, and you do not like it, it is totally fine to switch to a job that pays less but gives you more freedom and independence, because freedom and independence are what FatFire is all about.
---
I'm only half way into the book, but I can tell this will be one of the best finance book of 2020. If you guys find this useful, happy to come back next week with more insights once I've gotten to the end. I like talking about these things on Twitter too.
Edit: here's part 2 and here's a Twitter thread of the best snippets
submitted by uDontLifeForBeSad to fatFIRE [link] [comments]

What r/investing can learn from the book, Psychology of Money

My favorite author, Morgan Housel, released his new book, The Psychology of Money, last week. In the book, Housel discussed many interesting psychological phenomenon, through the lens of finance. As I flipped through the pages, I started to realize so much of what's happening in investing are examples of what's discussed in the book.
No One's Crazy
The book begins with how your personal experiences with money make up maybe 0.000000001% of what's happened in the world, but maybe 80% of how you think the world works.
For example, if you were born in 1970, the S&P 500 increased almost 10-fold, adjusted for inflation, during your teens and 20s. That's an amazing return. If you were born in 1950, the market went literally nowhere in your teens and 20s adjusted for inflation. Two groups of people, separated by chance of their birth year, go through life with a completely different view on how the stock market works.
Takeaways for investing:
When you read other posts and comments about what stocks to buy, when to sell, what's likely to happen next, what's the best asset allocation, etc., remember that is just a single person's point of view. That person may be from a different generation, earns different incomes, upholds different values, keeps different jobs, and has different degrees of luck.
And remember, don't be mean to others. A view about money that one group of people thinks is outrageous can make perfect sense to another.
Luck & Risk
The next chapter discusses the big role luck and risk plays in someone's life. Luck and risk are two sides of the same coin.
Examples from the book: Countless fortunes (and mistakes) owe their outcomes to leverage. The best (and worst) managers drive their employees as hard as they can. "The customers are always right" and "customers don't know what they want" are both accepted business wisdom. The line between "inspiringly bold" and "foolishly reckless" can be a millimeter thick and only visible with hindsight. Risk and luck are doppelgängers.
Takeaways for investing:
Be careful who you praise and admire. That commenter who bought $SHOP at $30 may look like a genius on the outside, but they may just be lucky and cannot repeat it again.
Be careful who you look down upon and wish to avoid becoming. That poster who put a bull argument for Luckin Coffee may look like a fool, but they made the best decision based on the information they had at a time. They took a risk and got unlucky.
Therefore, focus less on specific individuals and case studies and more on broad patterns.
Furthermore, when things are going extremely well, realize it's not as good as you think -- like the stock market right now.
On the other hand, we should forgive ourselves and leave room for understanding when judging failures -- like the stock market in March.
Never Enough
The hardest financial skill is getting the goalpost to stop moving. It gets dangerous when the taste of having more -- more money, more power, more prestige -- increases ambition faster than satisfaction.
Social comparison is the problem here. A rookie baseball players who earns $500k a year envies Mike Trout who has a 12-year, $430 million contract envies a hedge fund manager who makes $340 million a year envies Warren Buffett who had a $3.5 billion increase in fortune in 2018.
There are many things never worth risking, no matter the potential gain. Reputation is invaluable. Freedom and independence are invaluable. Friends and family are invaluable. Being loved by those who you want to love you is invaluable. Happiness is invaluable. And your best shot at keeping these things is knowing when it's time to stop taking risks that might harm them. Knowing when you have enough.
Takeaways for investing:
When you make a big gain, it's totally okay to take profit, as long as you keep your ambition down and acknowledge the possibility that it may go higher. If that happens, no need to play the would've should've could've game, because it very well might've gone the other way.
When you see someone who got 20x return on Amazon or bet big into Ethereum in 2016, remember they may envy the pre-IPO employees at Amazon or the genius who held Bitcoin since 2010.
At the end of the day, do not risk more than what's comfortable in your life for the sake of making huge amount of money, because even if you do make it, you may not find it worth it.
Tails, You Win
Skipping a few chapters to talk about the prominence of tail events.
At the Berkshire Hathaway shareholder meeting in 2013 Warren Buffet said he's owned 400 to 500 stocks during his life and made most of his money on 10 of them. Charlie Munger followed up: "If you remove just a few of Berkshire's top investments, its long-term track record is pretty average."
In 2018, Amazon drove 6% of the S&P 500's returns. And Amazon's growth is almost entirely due to Prime and Amazon Web Services, which itself are tail events in a company that has experimented with hundreds of products, from the Fire Phone to travel agencies.
Apple was responsible for almost 7% of the index's returns in 2018. And it is driven overwhelmingly by the iPhone, which in the world of tech products is as tail--y as tails get.
And who's working at these companies? Google's hiring acceptance rate if 0.2%. Facebook's is 0.1%. Apple's is about 2%. So the people working on these tail projects that drive tail returns have tail careers.
Takeaways for investing:
When we pay special attention to a role model's successes we overlook that their gains came from a small percent of their actions. That makes our own failures, losses, and setbacks feel like we're doing something wrong.
When you accept that tails drive everything is business, investing and finance you will realize that it's normal for lots of things to go wrong, break, fail and fall. If you are a good stock picker you'll be right maybe half the time. If you're a good business leader maybe half of your product and strategy ideas will work. If you're a good investor most years will be just OK, and plenty will be bad. If you're a good worker you'll find the right company in the right field after several attempts and trials. And that's if you're good.
Freedom
The highest form of wealth is the ability to wake up every morning and say "I can do whatever I want today." The ability to do what you want, when you want, with who you want, for as long as you want, is priceless. It is the highest dividend money pays.
Research has shown having a strong sense of controlling one's life is a more dependable predictor of positive feelings of wellbeing than any of the objective conditions of life we have considered.
People like to feel like they're in control -- in the drivers' seat. When we try to get them to do something, they feel disempowered. Rather than feeling like they made the choice, they feel like we made it for them. So they say no or do something else, even when they might have originally been happy to go along.
Takeaways for investing:
If your job is a thought-based and decision job, your tool is your head, which never leaves you. You might be thinking about your project during your commute, as you're making dinner, while you put your kids to sleep, and when you wake up stressed at three in the morning. You might be on the clock for fewer hours than you would in 1050. But it feels like you're working 24/7.
If this feels like you, and you do not like it, it is totally fine to switch to a job that pays less but gives you more freedom and independence, because freedom and independence are ultimate form of wealth.
---
I'm only half way into the book, but I can tell this will be one of the best finance book of 2020. If you guys find this useful, happy to come back next week with more insights once I've gotten to the end.
submitted by uDontLifeForBeSad to investing [link] [comments]

Jack Maller’s Strike App for USA

Hi everyone, this news on Strike was posted more than 2 weeks ago, but I’m afraid it didn’t get enough traction in my opinion.
Original Post on Strike App Supporting On-Chain Txns
Exchanges these days should be called what they are: shitcoin casinos. Gemini, Coinbase, Binance, Bittrex, and all the others that sell pump and dump shitcoins, are our enemies. There’s no two ways around it. Coinbase is running Public Relations in full force to make it seem like they support bitcoin development when they want to provide grants for core developers. In reality, they could care less about the development as long as they get their bottom line, which is to pull in suckers.
Have you heard the phrase, “If you don’t know who the sucker in the room is, it’s you”?
Well you are the sucker every single time if you are trying to trade bitcoin and shitcoins.
It’s time to support bitcoin only companies. That means buying ColdCard hardware wallets that have bitcoin only firmware. That means buying from River Financial (will be largest brokerage in the future), Swan Bitcoin (auto DCA with withdrawals only), CashApp, and Fold (bitcoin back on gift card purchases). Anything less is you not supporting bitcoin adoption.
I’d like to circle back to the point of this post: what Jack Maller’s Strike App has done is make exchanges completely irrelevant. Gone are the insane and wack percentage fees that cause you to miss out on hodling even more precious sats.
Your bank checking account now literally speaks bitcoin. It’s not just a lightning network based app that allows you to pay only lightning network invoices.
You can also just pay for the on-chain transaction fee to your legacy address (1), segwit address (3), or native segwit bech 32 address (bc1).
So when you plan to stack sats in the United States, I highly recommend you skip the outrageous fees and send bitcoin instantaneously to your ColdCard or whatever hardware wallet you own with ease.
Simply deposit the money within the Strike App from your bank checking account, and paste or scan your bitcoin address. Clarify the amount you want to send and tap confirm. I can’t stress this enough - the ONLY fee associated with the purchase is the on-chain transaction fee.
I hope this post gets more traction and that word spreads to keep people from getting suckered.
submitted by ArmegeddonOuttaHere to Bitcoin [link] [comments]

Digital/Crypto Currency Movement and Plays

Intro:
This post will have a bit of everything. My general thoughts on the sector and its future, a bit of brief DD, and my gameplan.! I would not advise making any financial decisions based on my comments without doing your own research.
Mods, in addition to the penny stocks, I also discuss an ETF and two funds that I've invested in that are not penny stocks. I felt that they were worth detailing though to explain my approach. I hope that's kosher.
I'm still getting familiar with the sector so I'd love to get some feedback if anyone more familiar can lend some insight. If anyone is aware of some other stocks similar to the ones I selected below that I may have overlooked or if you think I was wrong to toss out any that I mentioned, definitely let me know!
My thesis is this:
Cryptocurrencies have had some runs in the past but it appears to me that they are gaining traction as a financial instrument on Wall Street. Investments by big companies such as OSTK and SQ, regulatory discussions, and the emergence of blockchain are a few catalysts. This and the general sentiment in the big financial I'm seeing leads me to believe that this sector could see some big money pouring in imminently. Several sectors this year have seen their valuations multiply by 5-10 fold in the course of months. Vaccine biotechs, then EVs, and most recently solar to name a few. It seems like this could easily be next. I could see this move being something akin to the EV movement with a strong initial short term movement and with continued momentum for months or longer.
My stock selection strategy is this:
Some penny stocks like MARA, RIOT, BTBT, EQOS, EBON, and HVBTF have had big runs recently but when you dig into their financials, they are either abysmal or not easily available (i.e. on Seeking Alpha or the OTC site depending on their exchange). As more legitimate companies start to invest money, the low quality pump and dumps will lose traction and more legit companies with a good future will emerge. I eventually came across CAN and BRPHF(OTC), the brief highlights of which are as follows. Both of these focus on supplying the actual infrastructure components such as bitcoin miners and ancillary equipment. This means that regardless of how financially healthy any sketchy companies doing the mining are, as interest picks up, these guys are making money. Both have implemented share buyback programs recently. While they may have some debt or be loss-making currently (as many legit growth companies are), they have healthy balance sheets and optimism from management. CAN is coming off of recent lows which it has held well, so downside is relatively low right now. BRPHF is at recent highs but momentum has been good in getting there and I believe it has lots of room to grow.
My gameplan is this:
I invested in both companies above this morning when both were around 5-10% change for the day. They both went to 15-20% later in the day and settled in to close around 15%. I'm feeling good about them so far but will be keeping a close eye on them.
I also wanted additional exposure to the sector with a more direct reflection of its movement as a whole. To achieve this I took the following three additional positions, each a bit larger than the two above. First was the blockchain ETF BLOK. There are other blockchain ETFs out there, but I believe this has the most potential moving forward and is the most pure play of them.
The other two are pseudo trades of bitcoin and ethereum itself. Right now to trade the currencies without taking any risks associated with owning a cryptocurrency is via a set of funds from Grayscale for various cryptocurrencies. The funds are essentially a trust with a fixed amount of the cryptocurrency, and shares of the funds are traded like stocks. As such, the share price is not a 1:1 correlation with the currency's exchange rate since speculation and the effects of supply and demand factor in. As a matter of fact, there are often large differences in how the share price and exchange rate behave. Because of this, these funds also trade at a premium. For example, you could actually buy significantly more Ethereum directly for a given amount of dollars than the amount of ethereum represented by the amount of shares you could buy with the same amount of dollars. So if people start deciding to buy the cryptocurrency directly, the share price could take a significant hit. I'm not too worried about that in the near term, but I will be monitoring that situation closely. I may actually switch to that strategy myself in the medium term if things go well.
The two funds that I took positions in are ETCG for ethereum and GBTC for bitcoin. GBTC has been around for a while and has stabilized so that its price has a pretty good correlation to the bitcoin exchange rate. It finished today up about 7% compared to about 6% for the bitcoin exchange rate. ETCG is pretty new and is much more effected by supply and demand. For reference, it finished today up 25%. Right now its shares are coming off all time lows but as recently as July it was trading at 2-3 times the current value, and at one point in 2019, it was almost 10x. The risk is higher with this one but the upside is massive.
In summary:
I believe that digital currencies will see great things in the near future and have created a somewhat diversified strategy to give myself exposure, including the two penny stocks listed above.
submitted by logan72390 to pennystocks [link] [comments]

Bitcoin Newcomers FAQ - Please read!

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Some other great resources include Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series.
Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.
Some Bitcoin statistics can be found here and here. Developer resources can be found here. Peer-reviewed research papers can be found here.
Potential upcoming protocol improvements and scaling resources here and here.
The number of times Bitcoin was declared dead by the media can be found here (LOL!)

Key properties of Bitcoin

Where can I buy bitcoins?

Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy OTP Auth
Android Android N/A
iOS iOS iOS

Watch out for scams

As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Spendabit, Overstock and The Bitcoin Directory Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Coinsfer, and more Bill payment
Menufy, Takeaway and Thuisbezorgd NL Takeout delivered to your door
Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats For when you need to get away
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun Domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /Jobs4Bitcoins, BitforTip, Rein Project Freelancing
Lolli Earn bitcoin when you shop online!
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
/GirlsGoneBitcoin NSFW Adult services
A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.

Bitcoin-Related Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network Second layer scaling
Blockstream, Rootstock and Drivechain Sidechains
Hivemind and Augur Prediction markets
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
JoinMarket and Wasabi Wallet CoinJoin implementation
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase Identity & Reputation management
Abra Global P2P money transmitter network
Bitcore Open source Bitcoin javascript library

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
bitcoin BTC 1 bitcoin one bitcoin is equal to 100 million satoshis
millibitcoin mBTC 1,000 per bitcoin used as default unit in recent Electrum wallet releases
bit bit 1,000,000 per bitcoin colloquial "slang" term for microbitcoin (μBTC)
satoshi sat 100,000,000 per bitcoin smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BitcoinFan7 to Bitcoin [link] [comments]

*New Story* Do autonomous trucks dream of CW McCall?

I've got some serial stories I'd like to tell about living with (and in) technology and the industry.
Do autonomous trucks dream of CW McCall?
Falstaff’s story
“For a bright shining moment, we added a lot of shareholder value”. Falstaff had a comic with that caption in his double sized cubicle, the kind reserved for senior engineers. For a while he thought it showed that he didn’t fully buy into the corporate line, but that he’d still do as he was told as long as he had a shot at the big payout. RSUs, the big acquisition. The end of year bonus. That was the deal in the before time, when things mostly worked out for most people it seemed.
Falstaff knew he wasn’t the smartest, but he didn’t complain, didn’t pick fights and lived pretty well. His bad habits didn’t impact his work life and he still might hit it big enough to quit and try something else. To have options.
Then everything happened at once. The fires. The diseases. The chaos. Nobody knew who was in charge for a year or so. Things came back. A few years passed and the wealthy parts of the coastal cities looked shiny again. Most people called it normal. To the casual eye, it was. You could still get sushi delivered to the office late at night, ski in the Rockies if you could take the time off. Things were pretty good if you stayed where you belonged and kept your metrics up. Things fell off as you went East or to the not-so-quaint rural areas that couldn’t swing a music festival or good photo opportunities for social media. Go far enough and you found the places where the Feds just walked away. Not our problem any more.
That’s how Falstaff saw the world and his place in it. He had’nt had much sleep. Drugs, risky behavior and the self-loathing kept him occupied, making his morning commute that much less pleasant. He stopped staring at the RVs and tents parked on the land next to the on-ramp as he got on the 101. He jabbed the infotainment system to find some noise to sooth or at least distract him.
“Today, the Department of Energy announced that repairs have been completed ahead of schedule for the Diablo Canyon Power Plant. Radiation levels are now below acceptable levels for the first time in three years”
Click.
“We’ve got an autonomous truck accident with a car by Exit 6 on the 280 Eastbound, so expect delays while CHP and a support team from Freightliner gets that cleaned up”
Click.
It didn’t work. He still felt adrift and unhappy in the morning commute, so he silenced the radio and drove to the office.
The office was uneventful. Park, security checkpoint, a long walk to his building, a coffee on the way to his cubicle. He pulled the privacy screen closed behind him and sat down. A quick scan of his eyes and there was his project- a payment processing application that would cut out another payment application for a small percentage of a massive stream of money.
He looked over last night’s chatter, split the tasks into ‘do the work’ and ‘show that I’m adding value’ categories.
The fear and sadness caught up with him. He wasn’t ever going to get out. If he ran as fast as he could, he’d stay exactly where he was until his rent outpaced his income. His stock options would vest just fast enough to keep him going, but he’d never get out.
The morning dragged. Tweak this, report this to someone else. The bureaucratic minutiae and make-work washed over him until lunch. He looked forward to lunch with Tran, hoping that might get him out of his funk. Tran wasn’t so much a friend as one of the few people who admitted how screwed up everything was, so there wasn’t any danger of speaking the obvious and getting a negative reputation.
Tran was out today, so Falstaff ate leftovers and instant noodles in his cubicle.
His phone buzzed. There was a message on MomTalk, a chat for wealthy mothers to discuss brunch, day drinking and their children.
An engineer friend of Falstaff’s set it up as a joke to lampoon the women she couldn’t stand and her friends played along, adopting over the top personae and complaining about nonexistent spouses and domestic staff. After things came back, it was a way to talk freely, if in code.
Heather: Hey. I’m in deep trouble. The Nanny’s unhappy and I need someone to pick up the kids.
Falstaff sighed. Tran must need something.
Sheila: Missed you for lunch. Not feeling well?
Heather: Serious. My kid is stuck under my desk and I need him to come home. UNDERSTAND? NOW!
Sheila:kk.
He got up, took his brown cardboard biodegradable instant noodle container and walked a few rows over to Tran’s cubicle. Where Falstaff’s cube was disorganized and well worn, Tran’s was sparse with better furniture. Falstaff felt under the desk and noticed a decal with one end loose. A quick pull and the label peeled off into his hand, along with a small flash memory card, the size of a fingernail.
He stood up and quickly looked up and down the aisle between the cubicles. Nobody noticed. Nobody really paid much attention to him on a good day unless they needed something from him anyway.
Back in his own cubicle, he went back to the chat:
Sheila: How urgent is this? Chip can have dinner with us or we can drop him off on the way to fencing class.
Heather:NO TIME. FAMILY’S HERE AND THINGS ARE TENSE.
Heather:RUN. GET OUT NOW.
Heather:REALLY.
Falstaff was concerned. Tran didn’t make jokes. Laughing at Falstaff’s attempts at humor was enough. He had figured that Tran’s talk of ‘having gangsters in his family’ was an attempt to seem dangerous despite being a cubicle denizen, the way middle aged men bought loud motorcycles that they never rode.
He folded the decal over the card, pressed the sides together and dropped it in the instant noodle cup, then pushed it down with the corn-plastic chopsticks.
The background chatter got quiet and multiple employees raised their heads prairie-dog like. Several members of the company security detail were looking through Tran’s cubicle. Geoff, the brush-cut ex-cop security guard for this building was standing in the aisle attempting to look like he mattered to the operation as the more polished and definitely better paid detail carefully boxed the contents of Tran’s cubicle.
Falstaff picked up his phone and noodle container and started walking towards an exit away from the commotion. Geoff noticed and walked briskly after him. As Falstaff walked out of the building, Geoff called out his real name, then jogged behind him, puffing his half a size too small corporate logo’d golf shirt.
Ironed golf shirt.
Falstaff heard Geoff behind him, but decided to ignore him. Geoff was a blue-badged contractor, safely ignored. Normally.
Geoff ran in front of him and blocked his path to the parking garage.
“You wouldn’t happen to know where Tran is, would you? I’ve seen you with him ”
Falstaff tapped on his white badge. “You’re not my real dad. You can’t tell me what to do”
Falstaff squeezed past him into the parking garage’s doorway.
Geoff glared at him while Falstaff got in his car and put the noodle carton in the fancy retracting cupholder. He started his car and drove off as calmly as he could manage. Despite his attempt at seeming indifferent, his mind was racing. He attempted to make good time without getting attention. Luckily, silver Porsches were a cliché and therefore almost invisible in the Valley.
Twenty minutes later, he was in his mid-grade two bedroom apartment overlooking the parking lot. His cat, Hank, greeted him with a raised head and half open eyes.
Falstaff gave the cat some perfunctory petting, while trying to sequence the next few tasks.
He went to the refrigerator in the kitchen, carrying the ramen cup in one hand. He selected a can of energy drink and thought for a second.
His smartwatch and phone went in the freezer. Fishing the wrapped memory card out of the cup, he picked up the can and walked to his couch, where a bestickered high end laptop rested. Debating between speed and security, he turned off networking on his laptop, then inserted the card into the laptop gingerly, mounting it read-only in case Tran left something aggressive on the card.
Huh. A couple really large encrypted files. And seven smaller files with long filenames of seemingly random numbers and letters. He ejected the card and gingerly placed it on the arm of the couch.
The file names were bitcoin addressses. A lookup showed a total value of almost $600 million in value there.
The files themselves were encrypted. Falstaff stared at the wall for a minute or two, then realized that Tran had decided to quit and take an unauthorized retirement bonus from their shared employer. Enough money to kill for.
Who knew about this, and more importantly, who knew Falstaff had the key? Tran did. Perhaps his gangster friends knew.
He pulled his phone out of the freezer. A few project related emails and three MomTalk direct messages.
Heather:???
Heather:Where y’at?
Heather:I have investors. They’re quite insistent. They’re on their way to you.
It was time to go. Now.
Falstaff put the laptop down and ran to his bedroom. He pawed through a closet and pulled out the giant duffel he used to carry two week’s laundry from his grad student apartment to the cheaper off-campus laundromat. He quickly shoved a variety of clothes, some scuffed hiking boots and some corporate branded technical outdoors gear into it.
Behind a shelf, he found a long, antiquated Russian bolt-action rifle and a few paper-wrapped boxes of bullets. It wasn’t the firearm someone on the run would want, but it’s what he had. It went into the duffle bag, which he dragged into the living room. Hank jumped down and inspected the bag.
“Hank, I’ll hook you up in a second”
A quick scour of the kitchen and Falstaff had two thick trashbags and a box of water jugs with his current employer’s old logo on them, which he emptied into the sink and turned on the faucet.
As the sink filled, he filled the trashbags with whatever looked useful- tools, hobby electronics, his laptop and cat food. He pulled out a fat stack of cash from the bottom of his drug stash box. He contemplated forced sobriety, then carefully closed the box and put it in the bag, along with the cash.
Don’t change everything at once, he thought. Now isn’t the time to risk sobriety.
Falstaff rummaged around in the hall closet and dug out a bright pink cat carrier and stuffed Hank into it, then turned to the overflowing sink in his kitchen. He opened and filled the bottles in what he hoped was an efficient use of time, then pushed them back into the box.
His phone buzzed again. He contemplated throwing it back in the freezer, then thought better of it, shoving it and the watch back in his pocket.
Hank started meowing.
“We’re not going to the vet today, dude. Shut it for now”
Falstaff looked out his window. Typical traffic. Typical parking lot. A few charging stations, a fence and tents on the other side. He opened the window and threw the bags into the bushes below. He picked up Hank’s carrier, his laptop and looked at the box of water bottles.
Wait. Stop. Think. Breathe.
Tran’s card. A minute of searching found where he left it on the couch. He stuck that in his pocket, then ran out of his apartment. He considered the elevator, then decided on the stairs as they were closer to the bags and his car.
A few minutes of pushing and shoving had the trash bags in the front trunk , the oversized duffle in the passenger seat and Hank’s carrier seat belted in the tiny back seat. He spun the tires and entered the flow of traffic, such as it was.
He looked at his phone. More people seemed to want a response. Ignoring them, he found the closest florist’s shop and fifteen minutes later, pulled into the strip mall that contained it.
A few minutes later, he was in possession of three “Birthday Balloon Extravaganzas”, finishing off the shop’s tank of helium and a bit of Falstaff’s cash. He tied the strings around his smartwatch and let it rise and drift past the confines of the parking lot. The hastily constructed wad of tape and ribbon connecting his phone to the other two Extravaganzas generated a more labored flight, but eventually it drifted away. He looked into the shop’s camera and flipped it the bird as he left and jumped back in his car.
Soon he was back on the road, relaxing with his elbow out the window. Despite the stop and go traffic, he felt safe enough to relax and make longer range plans. Even Hank had settled down for the moment. The hot air felt less oppressive somehow. He contemplated the right set of music for an escape from civilization, trying on a few genres to decide. The screen also showed that the freeway was less than a quarter mile on the right and traffic would be light.
Good.
Then he looked again at the screen and thought about antennas. His radio talked to the cell tower, which talked to the Internet. Every application knew where he was.
Which meant Tran’s investors or their ex-employer could know as well.
One hand on the wheel, he looked around for something to pull the radio out of the dashboard. Hank meowed.
“You have an idea? No? Please be quiet”
Rummaging around in the glove box, he noticed an old folding knife. Falstaff slowly pried the radio from the dashboard while occasionally looking up at the tailgate of a modern SUV ahead of him. Realizing there was a rear-facing camera on the SUV staring at him, he slid down below the dash as best he could.
A few more stop and go cycles and the radio was free of the dash. He unplugged cables by feel, but one took his attention away from the road while he pried at it with his knife
He was distracted by a horn blast by his ear. Another SUV was forcing itself into his lane while the driver gesticulated at him.
Falstaff reciprocated by waving angrily at him, knife still in hand. The driver of the SUV held the horn down, angering Falstaff enough to open the window and throw the now free radio at the noise.
Feeling the embarrassment, he jerked the wheel to the right and accelerated into the bicycle lane with a chirp of tires and howl from the engine behind him.
A minute later, he was on the highway, quickly leaving Silicon Valley. He hoped to make the Nevada line before anyone figured out what he was doing.
submitted by lawtechie to talesoflawtechie [link] [comments]

While smaller than the speculative market, there’s still a vibrant community that depends on using bitcoin as money. Most of them aren’t on Twitter, and journalists don’t write about them.

Over 6 years ago, we started with a very simple mission: Make Bitcoin Useful. We dreamt of a world where everyone uses bitcoin everywhere. Today, I’m happy to announce that we will continue on our mission.
A few months ago, we announced that we will close the company. The decision wasn’t driven by cash or runway which is the most common reason startups fold. We just weren’t sure what to do next and thought we’d return capital to our investors who could make better use of it.
With the crypto market gravitating towards speculation, we didn’t want to build speculative use cases. We bought into the idea of bitcoin as sound money underpinned by “A Peer-to-Peer Electronic Cash System.” If everyone just HODLs, however, bitcoin doesn’t need us to build use cases or continue protocol development.
Bitcoin doesn’t need further development or use cases if it’s just for institutional HODLers.
After we announced the closure, we received an outpouring of support. Countless people around the globe wrote to us saying that they couldn’t live without Purse because they’re unbanked. Others told us that when the Venezuelan supply chain collapsed, they survived because of Purse. While smaller than the speculative market, these messages helped us realize that there’s still a vibrant community that depends on using bitcoin as money. Most of them aren’t on Twitter, and journalists don’t write about them.
We finally realized HODLers on Twitter were too wealthy to care about saving 15%+ on Amazon.
We want to thank everyone who helped us come to this realization that people still rely on bitcoin as useful money. We also want to thank those who have been involved in this process including those who provided advice, volunteered ideas and offered funding. Lastly, we want to thank our loyal customers who continued to use Purse despite the limbo state of things. Sustained growth in transaction volume and liquidity post-announcement gave us confidence to continue and buy back most of our investors.
Instead of closing Purse or selling the marketplace, we came up with an exciting roadmap doubling down on our commitment to serve our customers. Purse is here to stay.
Thank you,
Andrew Lee CEO at Purse
submitted by MemoryDealers to btc [link] [comments]

[email protected] Now More Powerful Than World's Top 7 Supercomputers, Combined

Folding@Home Now More Powerful Than World's Top 7 Supercomputers, Combined submitted by Doener23 to Coronavirus [link] [comments]

Purse resumes operations

In a completely unexpected turn Purse has decided to continue operations. Their reasoning seems a bit fishy and there might be some deeper truth to the situation, but here we are. Interesting to see what the result of this flip flopping will be to their bottom line. Their email announcement is copied below.
Over 6 years ago, we started with a very simple mission: Make Bitcoin Useful. We dreamt of a world where everyone uses bitcoin everywhere. Today, I’m happy to announce that we will continue on our mission.
A few months ago, we announced that we will close the company. The decision wasn’t driven by cash or runway which is the most common reason startups fold. We just weren’t sure what to do next and thought we’d return capital to our investors who could make better use of it.
With the crypto market gravitating towards speculation, we didn’t want to build speculative use cases. We bought into the idea of bitcoin as sound money underpinned by “A Peer-to-Peer Electronic Cash System.” If everyone just HODLs, however, bitcoin doesn’t need us to build use cases or continue protocol development.
Bitcoin doesn’t need further development or use cases if it’s just for institutional HODLers.
After we announced the closure, we received an outpouring of support. Countless people around the globe wrote to us saying that they couldn’t live without Purse because they’re unbanked. Others told us that when the Venezuelan supply chain collapsed, they survived because of Purse. While smaller than the speculative market, these messages helped us realize that there’s still a vibrant community that depends on using bitcoin as money. Most of them aren’t on Twitter, and journalists don’t write about them.
We finally realized HODLers on Twitter were too wealthy to care about saving 15%+ on Amazon.
We want to thank everyone who helped us come to this realization that people still rely on bitcoin as useful money. We also want to thank those who have been involved in this process including those who provided advice, volunteered ideas and offered funding. Lastly, we want to thank our loyal customers who continued to use Purse despite the limbo state of things. Sustained growth in transaction volume and liquidity post-announcement gave us confidence to continue and buy back most of our investors.
Instead of closing Purse or selling the marketplace, we came up with an exciting roadmap doubling down on our commitment to serve our customers. Purse is here to stay. Thank you,
Andrew Lee CEO at Purse
submitted by varikonniemi to Bitcoin [link] [comments]

10-06 04:25 - 'I hereby challenge all maxis / ​ / deny this project / ​ / agenz.uk / I was losing hope for DeFi but now boom! business defi is here / I mean come one what crypto coins have 24/7 hotline number and tradi...' by /u/7734man420 removed from /r/Bitcoin within 5-15min

'''
I hereby challenge all maxis

deny this project

agenz.uk
I was losing hope for DeFi but now boom! business defi is here
I mean come one what crypto coins have 24/7 hotline number and traditional business service?
They are a new project entirely not related to our crypto world but they have a crazy good utility token and its is coming in a few weeks
best use case yet - clients get free recruitment for holding tokens then sell after and haven't spent a penny! a recruitment agency that pays you... some of their clients pay millions a year and I have been speaking to the director on telegram who told me they have waiting... Compass Group, Aramark and Berkeley homes as key accounts. HUGE COMPANIES.
FAIR LAUNCH:
NO VCS
NO EARLY INVESTORS
NO PRIVATE SALE
whaaaaat!
They are a UK based LTD company and regulated by the FCA of england plus they are waiting for LID protocol to approve soooo...
NO RUG PULLS
[[link]3
Team look good with some influencers in too but all retail! this could be the start of true retail adoption and big businesses folding into blockchain
The recruitment industry is worth $500 billion a year - NEARLY TWICE AS BIG AS ALL OF CRYPTO - and if they get just 0.1% thats a 500 million project and they are going up at only 1.5m in the ILO / ICO
take a look at their site now
[agenz.uk]2
starting to get hype they did a giveaway and thats how I found them
talks of air drop soon too
DO NOT SAY I DID NOT WARN YOU THIS IS THE NEXT 1000x AND THE START OF TRUE REAL MASS ADOPTION
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: 7734man420
1: ope*c**p*r**es.com/c*mpanies/**/1*904103 2: *ge*z.uk/ 3: **encorp*rates.com*com*anies**b/1*9041*3]^**
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

VISA: "The concept of digital currency — or a digital version of cash controlled by a private key — was created more than a decade ago, with the launch of Bitcoin."

This announcement by VISA is huge and I haven't seen it on this sub. I tried to submit the link but I was not allowed because someone else submitedd it yesterday (day of announcement), but that post got only 2 upvotes (maybe bad title?), so here it is:
https://usa.visa.com/visa-everywhere/blog/bdp/2020/07/21/advancing-our-approach-1595302085970.html
As a global payments technology company, Visa is focused on delivering the greatest value to people, businesses and economies everywhere, regardless of currency, channel or form factor. We’re reshaping how money moves across the globe, and that means pursuing a broad array of technologies and partnerships. In that regard, digital currencies offer an exciting avenue for us to continue doing what we do best: expanding our network-of-networks to support new forms of commerce.
The concept of digital currency — or a digital version of cash controlled by a private key — was created more than a decade ago, with the launch of Bitcoin. Today, fiat-backed digital currencies, commonly referred to as “stablecoins,” have emerged as a promising new payment innovation, combining the benefits of digital currencies with the stability of existing currencies like the US dollar. It’s a concept that is gaining traction beyond fintechs, and now includes financial institutions and central banks. Consumers and businesses are also adopting digital currencies and circulation is growing rapidly, reaching over $10B in May.1
Visa has been working closely with licensed and regulated digital currency platforms like Coinbase and Fold to provide a bridge between digital currencies and our existing global network of 61 million merchants. Around the world, more than 25 digital currency wallets have linked their services to Visa, giving users an easy way to spend from their digital currency balance using a Visa debit or prepaid credential — anywhere Visa is accepted.
Similar to other digital wallets, digital currency wallets are looking to use the full range of Visa’s capabilities, including Visa Direct, which makes it faster and easier for consumers to convert digital currency and push those funds to their Visa credentials in real-time. Much of this work is happening through Visa’s FastTrack program, which helps fintechs, including those in the digital currency space, integrate quickly with Visa’s global network.
Through these efforts, Visa has become the preferred network for digital currency wallets, which are eager to deepen their value to users by making it quicker and easier to spend digital currency worldwide.
We’ve been advancing and evolving our digital currency strategy for quite some time. Last year we made an investment in Anchorage, a company building security infrastructure for the digital currency ecosystem. Our research team has been exploring the science of blockchain technology for several years. Their work has yielded several promising innovations, including Zether2 and FlyClient.3 Today their research is focused on new mechanisms to improve scalability and enable offline digital currency transactions.
We know that policy leaders and regulators continue to have questions and concerns about digital currencies on a range of issues, from consumer protection to payments resilience. We believe the best way to address these concerns is by working closely with leading companies and the public sector. For more than 60 years, Visa has invested in building and maintaining a resilient global network that delivers best in class functionality to our clients and consumers. Extending this legacy into the decades ahead requires continuous innovation and collaboration with a range of partners.
As part of this public sector strategy, Visa has been engaging with policy makers and global organizations to help shape the dialogue and understanding of digital currencies; this includes our work with the World Economic Forum and our collaboration on a set of policy recommendations for central banks exploring the concept of Central Bank Digital Currency (CBDC).
As our product and research teams continue to evolve our offering in this space, Visa’s digital currency strategy will reflect a set of key values:
Security, privacy, integrity and trust. We will maintain a rigorous focus on data protection, consumer privacy and fairness, and full compliance with all applicable laws. Remaining currency- and network-agnostic: We plan to support the digital currencies and blockchain networks that our clients and partners demand, in keeping with our broader network-of-networks strategy. Alignment with Visa’s core capabilities: We have deep expertise in securing transaction data, working with diverse stakeholders, and maintaining an always-on network with continuous availability. We will pursue projects that allow us to apply this expertise to new networks and technologies that can benefit our existing clients and partners. We believe that digital currencies have the potential to extend the value of digital payments to a greater number of people and places. As such, we want to help shape and support the role they play in the future of money. We look forward to sharing more with you on this work in the months that follow.
To find out more, please visit https://usa.visa.com/solutions/digital-currency.html
submitted by simplelifestyle to Bitcoin [link] [comments]

What are some of your favorite retailers currently accepting crypto payments?

What are some of your favorite retailers currently accepting crypto payments? submitted by AliantPayments to litecoin [link] [comments]

Weekly Update: 4th Parachute League on Crypto Leagues, $ESH on CoinBene, Sentivate + NordVPN, Wibson at EthereumBA…– 29 May - 4 Jun'20

Weekly Update: 4th Parachute League on Crypto Leagues, $ESH on CoinBene, Sentivate + NordVPN, Wibson at EthereumBA…– 29 May - 4 Jun'20
Sup folks! Here’s Part III of VI of our May-June update catchup (29 May - 4 Jun'20):

For this week's #fridayprompt Jason got Parachuters to talk about items "from your childhood that you hold very dear to your heart" and why. Super congrats to Evan (TheEnjineer) for winning this week’s Parena and taking home a cool 20k $PAR. Naj hosted a 2 part trivia in TTR for 10k $PAR in prizes. Peace Love held his “Big Trivia” on Sunday. Victor hosted one in Tiproom as well. The Crex24 exchange peeps were nice enough to add $PAR as one of the contenders in their latest vote-for-listing round. Parachuters put up a great fight even though we didn’t make it in the end. But it was fun. The 4th Parachute League with a prize pool of 100k $PAR will be going live on Crypto Leagues next week. Paper trade your way to glory! For Two-For-Tuesday Gian got folks to share music that had "bands or song titles whose name has a number in it" for 500 $PAR. Like always, Sebastian volunteered to set up the playlist. Enjoy!
LordHades' collection of Turbo Cards were his entry to this week's #fridayprompt
Matthew from aXpire wrote about LEDES and why it mattered for eBilling. This week saw 200k $AXPR burned as part of the monthly burn event. 2gether CEO Ramon Ferraz shared about some of the recent challenges that they had to overcome in order to keep the ship sailing. The latest #XIOSocial prompt was focused on Citizens and we got to know more about the people behind some of the active XIDs. Dash shared an update on the newest developments on the dApp. Birdchain team published an important reminder for everyone about avoiding scams. If you missed Voyager CEO Stephen Ehrlich’s crypto investment webinar last week, fret not. You can watch it here. The June interest rates look pretty enticing. Still considering whether to get into Voyager? This article might help. Josh from Switch was interviewed by Bitcoin.com exchange this week. $ESH got listed on CoinBene. Folks new to Fantom can watch this intro video for a quick roundup. Uptrennd’s $1UP token was chosen for HitBTC’s latest token listing poll. Uptrennd continues to feature among the top monetized social media platforms by monthly pageloads. For the latest news roundup, click here. The team also announced a partnership with Global Digital Assets to expand market reach and user growth. A new update to the Opacity platform was released this week. Click here to read the latest District0x weekly report. Hydrogen integrated identity verification solution IDology to its platform for KYC checks. Don’t forget to check out Hydro’s report on Payments as a Service (PaaS) and how it will play a key role in Fintech. The ecosystem is growing too with 26 companies applying for Hydro grants to build on the platform. Silent Notary’s Ubikiri released a crowdfunding solution this week.
The fintech space continues to grow at breakneck speed: Source: Hydro’s PaaS report
Harmony turned 1 this week and announced that Binance’s $BUSD stablecoin will be added to its mainnet. The first ever HRC20 token went live on Harmony as well. ThreeFold announced support for Open Staking on its grid. In addition to $KEY as mentioned above, $ONE was listed on Swapzone as well. Edge and Atomic Wallet will support $ONE as well. All foundational node tokens have been committed to Open Staking. 3.5+ Bn $ONE are now staked by 195 validators. Congratulations to the winners of the Flash Quiz from last week. The team also sat down for an AMA with CoinDCX. The latest community proposal was discussed in a fireside chat. And what a fun way to represent your team. Haha. Did I miss out something? Check out the news roundup in case I did. Intellishare will be creating a fund to support products on its mainnet in order to build the $INE ecosystem. Read the detailed May update for GET Protocol here. $COTI got listed on Indodax. The first recipients of COTI Staking 2.0 rewards received anywhere between 28% to 43% in annualized returns. Read all about it here. Another round of KuCoin staking was launched this week. And if you already didn’t know, node operators can set their own full node fee on the COTI network. DoYourTip’s $DYT token got listed on Txbit exchange with eight different fiat trading pairs. Woohoo!
Yup, that’s the Harmony team. Good Luck figuring them out :D
SelfKey published a guide to key concepts in crypto lending. Australian crypto-lending solution Helio Lending joined the Loans Marketplace. $KEY was added to My Crypto Stats tracker and Swapzone exchange aggregator. The May progress report was published as well. To keep track of the dev updates, you can also check CoinCodeCap. For a high level understanding of how data flows are handled by Constellation, watch this video explainer by Wyatt. All the moving parts of the Hypergraph ecosystem were listed out here. Pynk’s crowdfunding campaign (which went live last week) was overfunded by 133% of the target within 9 hours. The team also did an AMA with the community as the fundraise went on. If you missed it, you can watch it here. CEO Seth Ward’s thoughts on the effects of COVID-19 on the tech sector was published in a Business Leader article. CyberFM completed its May payments this week. Click here to watch Wibson’s presentation at the Ethereum Buenos Aires event from last week. Wibson Marketing Manager Fiorella Scantamburlo spoke about digital identity at the Latam Blockchain Summit this week. Plus, here’s a handy guide to find out if your Facebook account is truly private. Sentivate’s first technology partner was revealed – it is NordVPN. This was quickly followed by a significant update. The development on the Mycro Hunter App continues unabated.

And with that, we have to close for this week! See you again with another update. Bye!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

Anonimity. Chapter 1. part 1.

First of all, i want to say Sorry, because i use computer interpeter for text of my book. English isn't native language for me. I can talk with you guys, but text is really difficult to translate manually.
This book about near future in Russia. Sometimes it's full of stereotypes and some manners which are hard to understand for people from USA, Europe and ohter world. Almost everything creations in cyberpunk jenre starting like it's actually happened. In 30\* year or so. No one talks how it started. I try to do it. Hope that U will like it.*
Thanks! Have a nice day!
p.s. I'm always in touch on twitter, facebook and etc. Actually since yesterday on Patreon, Lol.

Anonymity is an impersonal property by the meaning of the adjective; lack of individuality, originality.
I would like to be born earlier, say, in the eighties and nineties, and somewhere in Europe or the USA. The point is not that I am not a patriot, but that it was at this time that progress made leaps and bounds all over the world, it was then that the concept of "globalization" became a symbol of the word "progress".
No joke, the flourishing of car production, a breakthrough in aircraft construction, the beginning of the computer era ... Of course, the Soviet Union took an active part in this, only there is a significant factor that would not allow me to enjoy the above to the fullest. The union died in 1991 and hard times came for the inhabitants of the entire post-Soviet space. I could only stand on the sidelines of all this, remembering the first Nintendo, SEGA, PC and other things that were attributes of the life of adolescents in those days. We were shoved from blue screens, as a given, that everywhere and the grass is greener than the trampled parking lot in front of the house, and the sun shines somewhere brighter there.
The corridors of the educational building of the institute, in which I studied since 2020, looked more like the ruins of an ancient civilization. On the walls there were many portraits of scientists from past years, those who seriously looked at students who did not know what they want from life and why they went to a technical university at all.
With the advent of the Internet to the general public, everyone decided that now you can learn from any corner of the world, read books and perform other useful activities. What actually happened? But in fact, people bare all their vices, the traffic of sites with 18+ content is much higher than that of a site with physical and technical content, which is remembered when writing term papers or theses.
The group of students standing in front of room 203 was no exception. If you look at them from the outside, you can understand what this passage about sites of a narrow focus was about. Here is Maxim, he is dressed in tight trousers, a purse hangs on his shoulder, the key to a fresh BMW is in his hand, next to him is a pretty girl in a skirt with a plaid and a white blouse. She smells of some kind of perfume, from which the nose clogs up and the eyes begin to water. She communicates with him, practically dumping her bust out, which he willingly uses. But why should he - a resident of the capital, who already in life everything worked out from the start, a girl from Ryazan province, who came to conquer Moscow - is unclear. First of all, it is not clear to Kirill and Mishka, the two ringleaders of the group, they live in the same room in a hostel and come to the institute in broken-down Zhiguli car. How many years have passed, and these piles of iron still plow the vastness of the universe. The guys do not boast about it, they work part-time in the delivery of pizza and sushi. The work is difficult in places, but if they are here, then they survived. They came from the Orenburg region in the hope of gaining a foothold here, who brought whom - we still need to think, but one thing I can say for sure, everyone needs friends, which means they will not be lost. They are standing with Vit'ka, a resident of the Moscow region, and therefore not in the hostel. The non-rubber dorms in Non-rubber city are beauty. And what he spends, like many of the group, two hours on the road, few people care. I stood in the corner and crammed notes. The rest of the group worried me a little, because I practically did not communicate with them, only on institutional matters. There were a total of twelve people, and in fact almost twenty heads were enrolled in the first year ... - Hey, Kit, look, - said Mishka, who came up to me, nodding at Max.
- I don’t see what to look at,- I looked up from the notes for a second and again buried myself back.
-She’ll strangle him with her airbags now,- he continued.
- Well, at least then Maxim will die happy, I suppose.
- It's already good to cram, the last exam. And then - final exams are handed over, and - freedom. Good already. You have everything on the ointment with the teacher, - Kirill jumped cheerfully.
- On "ointment" does not mean that I will not have to answer questions and take the test part. And there is a commission from all over the department.
- Listen, it's good to fill in, well, - Vitya joined us, - the whole department adores you. The one who needs to worry is her, - he nodded again at Max's interlocutor, - her whole brain will now fall out into the street, and by the age of thirty it will sag to the navel. It’s not the "same coat" now.
- Not understood?! Have you checked, or what? - Mishka and Kirill responded in unison, bulging their eyes at Vitya. - What's the difference whether I checked it or not. I'm just as uninteresting to her as you two are, - He answered.
- No, no, no, come on in more detail here, - said Mishka, folding his arms over his chest, which made his shirt start to crack at the seams. The guys got stronger from physical work.
- Yes, a couple of years ago, I arrived at the institute in my aunt's car. She lives in Moscow, near Sadovoe ring, - began Vitya.
- Well, I remember, she seems to have a Mercedes E-class. We rode at night, - with their conversation, they did tear me away from repeating the material.
- Well, - he continued, - my aunt was leaving for Cyprus for two weeks to rest. She loves me, she cannot have children, so she spoils her nephew. So she said: "Here are the keys to the house, here are the keys to the car. Simple equipment is harmful." I already refused, but she did not accept objections. We rode with you on the third day, and at the end of the week, this madam approaches, - he nodded towards Max, - and it began, everything is the same, the chest is protruding, hints and so on.
- And then what ?! - asked Kiril.
- Next, I collected a scholarship, borrowed it from you, and went for a walk. And that, then it seemed to me, the girl is not bad. We went to Cafe, walked around Zaryadye guide-park. Word for word, we ended up at my aunt’s house, and I’m not taking her to my area. Well, that's all, as they say in the novels.
- And the details? - put in Mishka, - Let's paint, otherwise we see the object, the fantasy works, but here it is.
- There will be no details, I'm talking about the bed in the bed, where you can't get, Misha. I can only say that next week after, we did not get out of it. And then my aunt arrived, and I again returned to my mother in the village. And she said, "let's go for a drive, and let's go to you." Well, I said that I live in a village near Yegoryevsk. She even threatened to declare to write, they say, I forced her all week ... It's good that the threats remained so.
- What are we going to do, Max is swimming, apparently, - I said, looking at how our friend's cheeks melt and his eyes grow cloudy.
- Don't piss, Keith. Look here, - Mishka winked and confidently walked towards the couple.
- Mishka, you would at least wash the dirt from under your nails!- Kirill shouted after him, to which he was sent with his middle finger over his shoulder.
- Let's see how the matter ends, do not distract him, - I asked Kirill.
It is worth making a digression here. Maxim was the son of the head of a department of some multinational corporation. He was not a typical daddy's son, he did not shine with intelligence, but he was not stupid either. He was also not a spoiled major. He dressed modestly, but tastefully, for the first two courses he took the metro, then moved with the help of his father to a second-hand German car. In the first year, we helped each other, all five, and on that one we became friends. When we could have tied a few lines of code together, Max's father started throwing hack for us. Also, he asked to help his younger talent. Who would have thought that from the fourth year the talent itself would be interested in everyone and the money of his father would be spent by all of us on a joint revelry, now in the hostel, then in the country. But we have postponed something. By the way, Max was always ashamed of his father's dachas and loved our simple dachas, in which there was nothing but a house and a bathhouse. And about the fact that we all slept - anywhere, I will not tell. The father gave Max a new car only the other day, when he realized that his son deserved a gift for the end.
The death of Vitya's father brought us even closer, it seems, in his third year ... His father was a strong man who himself left the city closer to the earth. He started a household and so on ... We turned out to be the healthiest foreheads, and carried the coffin to the cemetery. It so happened that he and his mother had few loved ones, and even those old people. Oncology did not ask whom to pick up. Vitya did not live with his aunt, although she always had a room ready for him. He told her: "Who will I leave my mother to?" So we were friends with our five all the time.
In the meantime, Mishka confidently approached the couple, taxied behind Max, shook him by the shoulders, said something, which made Madame's face turn red, and this could be seen even through the foundation, and now they already walked towards us.
- Grandmaster, not otherwise, - Kiril said on exhalation.
- I suggest everyone go out for a smoke, - I said as the guys approached, and we headed for the stairs.
So we, with our motley company, migrated to the entrance to the educational building. The big sign "NO smoking" got an ashen smiley with a mustache, beard, and who was not so cultured, painted what is usually painted on fences in the village. In general, the spirit of student unity was evident here as well. We lit a cigarette with our friendly company.
- Well, what, the last exam, eh?- I began.
- Yes, finally, and then already tired, the sun is outside, girls in skirts, and we are sitting here, - picked up Max.
- Yeah, is it you who fell for the skirt, or just got confused? - I poked him.
- Yes, she came, word for word, so, chatter about nothing, and I see that she constantly props her chest with her hands, but the look itself fell there, - Maxim began to make excuses.
- Yeah, and when the bodice is removed and stops propping up, I guarantee that you will want to put a basin, as if from a drink. This good will fall, like the bitcoin rate in tenths, and everything will end either with a wedding on a fake pregnancy, or you will pay off so that she does not apply for you, - Vitya continued.
- And how do you know, Vitos? You're still a quiet one. Probably, he didn't even hold on to the handle, - Maxim tried to continue the excuse.
- The best defense is offense? - Kirill interjected.
- Hush, Kir. Max, just the same with her and held on to the handle. Remember the third year, when we rode in my aunt's car.
- Let's say. I remember.
- So she was gone for two weeks, and we drank one. The second week I was busy with her, or rather, she suggested it herself, and I did not refuse. I ended up borrowing money from you in order to pay off her. As I remember, a shiver breaks through.
- So you said that on a wheelbarrow, which he threw as soon as he bought, - Max refused to believe.
- As you understand, I didn't buy a car, but paid Madame for services, - Vityok involuntarily grimaced.
- Oh, - Max realized, - I apologize, and thanks for the warning. I just lacked the Ryazan milkmaid.
- Do not forget about saggy tits, - added Mishka.
- Yes, Ryazan milkmaid with sagging tits, - repeated Max and threw out the cigarette butt. We followed suit and returned to the corridor.
There were still a couple of minutes before the start of the exam, there were even more people, room 203 was an amphitheater, which made it possible to conduct exams for a large number of students. Organized groups of students crowded, according to my estimates, at least three, which means about fifty people. That's really, wholesale is cheaper.
- So, gentlemen graduates! - the head of our department, a woman in years, but with an iron grip, and, moreover, an excellent teacher, came out of the office. - I ask you to take seats in the audience.
We are located on the same row, all of our five. As per the precepts, not far, but not close to the commission. If you sit close - you will be in plain sight as a crammer, if from behind - as a gouge. The tactics were working, the answer cheats were prepared in paper, jammers were knocking out the Internet and all kinds of wireless headphones. White noise was reproduced in the headphones, but our Galya (Ryazan milkmaid) was not ready for such a scenario, and upon switching on she began to look around the audience helplessly. We did not gloat, but we did not deprive ourselves of moral satisfaction.
Sweating over the ticket, I wondered, what will happen after school? I didn’t understand at all why I was going to become a programmer. I studied a little, something and somehow, but do I see myself in the profession ??? Not sure. Okay, war will tell the plan. I quickly wrote answers to three out of four questions, thought for a long time, but did not win. Okay, one more four, one less. Kiril and Mishka tensed, their foreheads were covered with sweat, but they write something tirelessly. The commission was already minding its own business and paid less attention to us.
- Pssss, - Max shouted to me.
- What? I replied in a whisper.
- After the exam we are going to my village house, to have a carouse. And I do not want to know the refusal. Pass on. Dad threw off the SMS, I didn't have time to say.
- So you wrote everything? - You offend! I got a favorite topic. And how many business card-sites we riveted, I will keep silent. So that.
On this wonderful note, all students were asked to submit papers. Traditionally, only those with a controversial assessment were personally interviewed. None of our company got into this number, so we loaded into the Maxim's BMW and drove out the City.
The Moscow heat, who has been, knows how hot it is in the megalopolis in summer, especially when the changed tiles get hot for the hundredth time, but the breeze is gone. We left the building happy and tired. The presentation of the diplomas was expected in a month, and today two B grades, A grade for Vitya and C grade for Kirill and Mishka. We went out, Max opened a pack of cigarettes that his father had brought him from Cuba, I think "Cohiba", knocked out a cigarette for everyone and gave them a light. Silently we dragged on simultaneously and headed to the car.
- So, - Max said sternly, - we don't smoke inside!
- I see, - we answered and finished smoking, standing near the apparatus.
I sat in front, as the tallest, the rest of the guys were in the back. Mishka was unlucky most of all, he was pushed into the middle, consider that he rode more inconveniently and higher than all those present, and the village-house was already beyond Sergiev Posad. So from time to time on the hummocks our friend switched to falsetto, while the others enjoyed the ride. Father gave Max a five-sreies with many options in the cabin, but not a very voluminous engine, so that there was no desire to drive beyond measure.
- Max, are we going to stop by the store? Is there meat, booze? - I asked when we drove onto the Yaroslavl highway, breaking through the Moscow traffic jams.
- No, Dad organizes everything. For everyone. There are booze, meat, baths and other joys of life. The whole house is at our disposal, - Max answered calmly and the joyful hubbub of our comrades was heard from the back row.
After some time, we drove into the woods, where we turned into an elite village. Someone lived here permanently, while someone here just had a summer residence. The father of our friend belonged to the second type of people. It's easier to do things when you live next to work and Moscow City is just a stone's throw away, then in general it is beyond praise. Max pressed a button and the gate obediently slid to the side.
- Wow, a house, - drawled Mishka.
- Wow. I saw this in the picture, and even then not often, - Kira echoed.
- And you would pay more attention to common girls when my father called us to celebrate the launch of their product on the market, - Max answered.
- So you were here?
- Yes, we were once,
- I answered.
- Uh-huh, - said Vityok.
There was something to be surprised at. A two-story European-style mansion among trees, with a large veranda on which stood a heavy oak table and chairs. There was also a tennis court at some distance. There was a large garage and a barbecue corner on site. In front of the house there is a lawn with various conifers. Before leaving the car, we smelled the smell of meat.
- Apparently, the father of his cook asked to cook everything, so you guys won't be able to leave hungry, - Max began, getting out from behind the wheel.
- So we were not going to !! - he heard the chorus from behind, and we left the ship.
We decided to go through the house, washing our hands along the way. Heavy oak planks didn't even think to creak when we fell out of the house. These are not modern plastic boards that prick and knock, while crackling like a Chinese bouncy. We went to the table, on which there were already salads, an aperitif was poured into the glasses. We drank.
- And what is this sweet muck? - Mishka responded.
- This is an aperitif, served before meals, so that you want to crackle more, Mish, - Maxim answered.
- Is it like - beer before vodka? Got it, - Kirill responded.
- Okay, I propose to start our celebration, otherwise, you never know, you will take whiskey for used oil, - Maxim continued as the owner.
- Young people. I am glad to welcome you! - a man in a cook's jacket appeared and began to tell us what dishes were on the table. In addition to the Greek salad, there was a warm tuna salad, and some other appetizers, the names of which I did not remember. From his speech, only Max understood the names, and we sat with our mouths open. Well, Vitya and I understood something, but Kirill and Mishka were sitting, frankly with the lower jaw on the floor.
- He's not cursing now? - asked Cyril when the cook left.
- No, he told me what was on the table and what would be on the hot. So, if I were you, I would pour it already, graduates!
- So we will pour! - Mishka took a bottle of Chivas, poured himself, - Who else? he asked briskly.
- Give it to me, - Kiril answered, for which he received his glass of whiskey.
- No, I'm white wine,- Vitya replied, taking a bottle of semi-dry wine.
- I thought there were no girls among us! - Mishka responded with a challenge.
- Misha, don't get to the bottom of him, I'll have vodka and juice myself, so as not to fly to the first space flight ahead of time, - I interjected.
- Let's have a drink already, otherwise you are pouring for three hours, - Max finished the squabble with a glass of vodka. - For the passed certification!
The owner of the house raised toast after toast, we ate dishes on both cheeks. To say that it was delicious is to say nothing, it was wonderful! The funniest thing was to look at Mishka and Kirill, who for the first time saw tuna not in a can, but in a salad, and it was also pink in color. Then the salads were replaced by meat, rack of lamb, ribs in sauce, steaks and various grilled vegetables. Freshly cooked fries teased with flavor ..
submitted by Suharrik to u/Suharrik [link] [comments]

Why I bought LLOY at a time like this.

edit - I came up with a far better title: Why I YOLO on LLOY
I have held my Vanguard for three years and since then had read a few books (albeit badly) that inspired me to take some risks: Armchair economist, Freakonomics, Thinking Fast Thinking Slow, 80/20 Principle, Algebra of Happiness, Smarter Investing, somewhat through Intelligent Investor but it's a slow read.
I had never experienced picking individuals and foolishly it was something which I wanted badly enough to open with AJBell this FY. Tbh I regret it so if you're already happy with your Vanguard offerings then I can't say I'm happy to own individual picks now. Hopefully I'll get onto the psychology of why later.
So why did I pick LLOY? I'm not going to say that I'm ecstatic about it. It was painful to push the button on it. I am extremely bearish (in life not just investing!), this comes from being a millennial, and I am certain that there is a government/company waiting just around the corner to overcharge me for goods and services.
I did do some quick maths from the tiny fraction my pea brain gleamed from Intelligent Investor:
Assets - 1065.871bn Liabilities - 1000.070bn Long Term Debt - 143.312bn
1065.871 - (1000.070 + 143.312) = 1065.871 - 1143.382 = -77.511
Lloyds really doesn’t appear to be a good buy.
But I did so anyway… Somewhat probably from thing's I've not fully understood from Intelligent Investor!
Banks are out of favour. They have been out of fashion as long as I can remember.
Go on why did you buy it despite all this then?
Intelligent Investors advice when looking for value is to find companies which are out of fashion but still adequately ran (probably a better word there for adequately).
This isn't the 2008 financial crisis - we aren't in this mess because the Banks released a deadly virus. But that doesn’t mean that LLOY wasn't heading for failure before this. The stock was performing badly before this storm. The profits we're lower than expected but they had the PPI bill to pay.
The bank is led by António Horta-Osório - he has led the bank since 2011, nearly 10 years of service. He even took time off for his mental health before it was cool to do so! They're even reducing their emissions by 50% by 2020. Forget Elon, this guy is as fellow kids as they come.
I'm not worried about the FinTech's yet. I have a few fintech accounts and they're great. I rolled out my joint account in a few clicks. I use it for all my spending. One thing which I think the FinTechs will do better with is getting extremely rich data on their customers spending habits and will therefore be able to sell this to aggregators for a higher price. LLOY have a £3bn digital transformation project which should be completing next year, we'll have to see what they have come up with.
(you can tell I started to give up here) LLOY is the leader in the Mortgage market. They even have the Tesco portfolio! Should the country not be able to afford their mortgage bill, I just can't see the government letting it all go. They helped fund this BTL nation through their mortgage interest write offs at the time when rental yields were far higher and so were interest rates! There won't be anyone around to buy the repossessions, all the elderly are dead from Corona, and the youth don’t have any money to buy the houses. I don't think prices can go down to the point at which GenX/Mil can pay for them regardless. The next Govt. handout I can see is an enforced mortgage readjustment by the Govt. to the lenders for as long as borrowers need.
There is probably far more which might back this up, but that doesn’t matter because the answer is that this was a risky buy, I have no doubt there is 10 fold more rationale behind not buying this. Just look at the guy the other day who was selling his WH, 200% what a lucky sole, their website was absolute garbage in a time when everyone is betting online!
Anyway finally, the psychology behind why I should have stayed with VG. There are no purchase fees! When I buy through AJ and I see that there is a £10 dealing fee I feel a loss. This is mentioned heavily in investment books but I want to talk about the psychology behind it. In Thinking Fast Thinking Slow there is lots of talk about how we as humans react to loss, there are lots of studies mentioned in the book and it is fascinating. The essential take-home point here is that we as humans see loss completely different to gains. You can feel ecstatic finding £5 on the floor but feel a huge sense of dread when a scooter taxi rips you off by £5 in Vietnam and you think about it for the rest of your life!
If you can gleam one thing from the Bitcoin culture its HODL!
submitted by ryderredman to UKInvesting [link] [comments]

Why are Visa, Mastercard and PayPal ready to integrate crypto payments?

Why are Visa, Mastercard and PayPal ready to integrate crypto payments?

Why are Visa, Mastercard and PayPal ready to integrate crypto payments?
In the past few months, payment giants Visa, Mastercard and PayPal have radically changed their attitude towards cryptocurrencies and blockchain technology, announcing their intention to integrate crypto payments into their systems. It is about the process of global adoption of crypto-innovation in the world of traditional finance.

Visa experience

On March 16, 2018, Visa CFO Vasant Prabhu criticized cryptocurrencies, including bitcoin, stressing that these assets are a bubble. Then Bitcoin was worth $8,300.
On July 22 of this year, when the first cryptocurrency rose to $9,360, a message appeared on the official Visa blog with a completely different message entitled “Developing our approach to digital currency.” In this post, the company revealed that its partnership with two regulated crypto platforms, Coinbase and Fold, is part of a corporate strategy to integrate digital currencies into its payment system, reaching 61 million retailers. In its message, the company highlighted the importance of stablecoins, which “have stepped outside the fintech sphere,” and now include a number of financial institutions and central banks in their ecosystem.
From the message of the payment giant it became known that “more than 25 digital wallets have linked their services to Visa.” Visa also noted that these 25 crypto service providers will be able to leverage the payment giant’s full range of capabilities, including the Visa Direct option and the FastTrack platform. It is worth noting that the corporation also supported financially the company Anchorage, which is studying the issues of cybersecurity of cryptocurrency ecosystems. Visa says the company’s main goal is “to continue to do what we do best: develop our system, supporting new forms of commerce.”
On July 28, at a meeting with investors, in which Vasant Prabhu took part, it was said in detail that Visa sees great potential for its own development in the growing popularity of e-commerce and digital payments. It was also mentioned about the corporate payment system Visa B2B Connect, which is designed to perform international financial transfers without the help of the usually slow correspondent banking network.

Mastercard experience

A similar evolution is taking place before our eyes with Visa’s competitor — Mastercard payment system.
So, on July 26, 2018, the CEO of Mastercard, Ajay Banga, compared cryptocurrencies to things that are thrown into the trash. However, two years later, the payment corporation has largely changed its approach to cryptocurrencies. On July 20, it became known that Mastercard has signed an agreement with the Wirex cryptocurrency company. This financial startup allows you to buy and sell cryptocurrencies for fiat money. Since last month, Wirex has become a member of the Mastercard ecosystem with the right to independently issue cards from this payment giant. We will remind that earlier, in February of this year, a similar decision was made by the Visa corporation in relation to the Coinbase crypto exchange.
Moreover, Mastercard intends to launch a special program to support other crypto companies. As Raj Damodaran, Executive Vice President of Digital Assets, Blockchain Products and Partnerships, Mastercard explained, “The crypto market continues to evolve, and the corporation is helping to advance it by providing reliable and secure services for individuals and companies in the modern digital economy.

PayPal experience

Another payment giant, PayPal, has long been silent about any intention to integrate cryptocurrencies into its structure. However, on July 14, a letter from the corporation to officials of the European Commission was published in the media, where PayPal admitted that it is actively developing applications using cryptocurrencies.
The number of PayPal users worldwide exceeds 300 million people, and the company operates in Europe thanks to its banking and payment services license obtained in Luxembourg. In total, the PayPal payment service is represented in 31 European countries, where the company serves 95 million merchants and retail consumers. It is worth noting that PayPal, along with Visa and Mastercard, was previously part of the Swiss Libra Association, which is implementing Facebook’s crypto project to launch the Libra stablecoin.
The fact that PayPal is developing a roadmap for integrating its own payment crypto services is also clearly demonstrated by the announcement of the recruitment of members of the blockchain technology research team, which requires a senior research engineer. This specialist will be responsible for “development, creation and maintenance of key crypto products / services that will be focused on increasing the efficiency and scale of services provided by PayPal.” Information about the open vacancy appeared at the end of June.
PayPal does not deny its interest in the cryptosphere, but has not yet confirmed information about the development of certain crypto applications or services, for example, based on the Venmo mobile application, which is affiliated with the payment giant.

Who will be the leader in this race?

Nevertheless, crypto market players themselves are actively looking for ways to integrate with PayPal. This is illustrated by the example of blockchain company Pundi X, which integrated PayPal support for its Xpos merchant device on July 1.
Another player in the crypto industry, the fintech company Ripple, has not only supported the classic payment operator MoneyGram by buying 10% of its share capital and investing a total of $50 million, but continues to invest in the integration of cryptocurrencies into this service. Following the results of the second quarter, Ripple transferred $15.1 million to MoneyGram. It is curious that in June another payment operator, Western Union, became interested in the innovative successes of MoneyGram, which is considering buying a competitor. It is worth noting that back in January this year, experts from Credit Suisse Bank published a report in which they noted Western Union’s interest in blockchain technology and Ripple’s payment innovations.
The competition for the integration of cryptocurrencies into the services of payment operators is becoming more and more intense. And one of the main participants in this race was the People’s Bank of China with a digital yuan project. At the same time, in January, even before the aggravation of relations between the United States and China, American PayPal became the first foreign payment operator to officially enter the Chinese market after acquiring a local player GoPay.

The next development step is neobanks

Meanwhile, a number of fintech startups are engaged in the integration of cryptocurrencies into financial services, which can potentially challenge all of the above organizations, including the People’s Bank of China with its digital yuan.
Jack Dorsey’s Square company was able to receive revenue from operations with bitcoins in the amount of $306 million in the first quarter of this year. This cryptocurrency service was launched back in 2018, but only in 2020 saw a significant increase in financial indicators. At the same time, since March, through the Square Financial Services division, Jack Dorsey’s company has been able to provide services as a digital bank.
Another fintech giant, Revolut US, with the support of crypto company Paxos, began offering cryptocurrency trading services in all US states on July 15, with the exception of Tennessee. Curiously, traditional financial service providers are also interested in a new partnership with the cryptocurrency “unicorn”. So, on June 20, the international company Revolut announced that it was integrating American Express services for its customers.
In the case of Square, Robinhood and Revolut, this is not just about trading services, which are provided by various crypto exchanges. After all, all these companies are de facto neobanks — digital financial organizations that have every opportunity to integrate cryptocurrencies into their services, thanks to various partnerships. And the range of possibilities of such neobanks is much higher than that of traditional payment giants.
That is why in the near future we will witness how Visa, Mastercard and PayPal will actively explore the possibilities of buying or investing in a ready-made cryptocurrency infrastructure. These corporations are entering the crypto world, as it is increasingly becoming a matter of their survival in the rapidly changing global financial system.
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European Bitcoin (BTC) mining firm Northern Data has seen its stock fall 40% in days amid claims that it committed fraud. Data from Bloomberg showed the company’s NB2 stock trading at under €47 ($53.70) at the end of July 17, down from €79 ($90.30) on Monday. Northern Data: “We’re as transparent as it gets” Northern Data, the product of a 2019 merger between U.S. company Whinstone ... Noticing that there were hackers stealing Bitcoin from the company from every angle, he did the exact thing every manager shouldn't do. He decided to steal $1 million for himself, hoping that it'd build up his golden parachute. He then moved another $3 million from client accounts to his own account, hoping no one would notice. People noticed, and this new theft ended up becoming one of the ... We enjoy our currency that the old-fashioned way, folded up in our wallet or accessible within our bank account with an ATM card. The average person enjoys the comfort zone. So let's get a better comprehension of what is being called"the 21st-century currency." Bitcoin was made by Satoshi Nakamoto, who printed the creation on 31 October 2008 into a cryptography mailing list. We really don't ... 1. Tri-Fold Template. This bitcoin key generator guides you to print both a front side and a back side for your paper wallet. All sensitive details on the front side (the private key and QR code) are folded up and securely taped shut so as to stay hidden. The company's goal is to fund 100 bitcoin businesses within 2–3 years with $10,000 to $20,000 for a 6% stake. [174] Investors also invest in bitcoin mining. [176] According to a 2015 study by Paolo Tasca, bitcoin startups raised almost $1 billion in three years (Q1 2012 – Q1 2015). [177] Price and volatility

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How to Buy Bitcoin OnlineLive Bitcoin Price - Coindirect ...

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