BTC Gene – Bitcoin Generator

Fees by u/coltonrobtoy

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Hey guys, I'm the one that has been advocating for $0.001 or $0.0001 fixed-tx fees, and destroying your hopes of 1st-year staking rewards in the process. What I see with OMG is the first opportunity ever for the common person to demolish Visa/Mastercard/Paypal/Alipay/WechatPay and take slices of their pie. I'm content with minimal staking rewards for years 1-5, because I see what comes in years 6-25 when Visa/Mastercard/Paypal/Alipay/WechatPay are either forced to move to the OMG Network or go bankrupt.
In the Feb 09, 2018 daily I took a few more things into account from u/instyle9 and u/fiyamaguchi and u/Omiseguy and I'm adding three more points [(D), (E) and (F)] to my thesis around staking fees:
Points Description
A) u/instyle pointed out that my $0.001 or $0.0001 fixed-tx fee model makes no sense for Omise because they are currently earning around $3 million USD in revenue per day with their existing payment processing infrastructure. Moving all that to the OMG Network (for a $0.001 or $0.0001 fixed-fee per tx) would cause them to miss out on a lot of $.
B) u/fiyamaguchi said a sliding scale may work better for stakers to capture more tx fees (but not too much!) for increasing value of txs: "$0.001 up to $10, $0.01 up to $100 etc."
C) u/Omiseguy said that if the tx fees were too low, they would not "generate enough interest among the validator community to incentivize the security and decentralization of the network."
D) Omise has been supporting ETH since 2015, they know in crypto that you pay a fixed-fee for usage of a network, not % amnt of a tx (that is old legacy payment system ideals).
E) Omise wants the Network to be used by the Unbanked, where a $0.10 tx is a meaningful tx for them on a daily basis.
F) The last point I wanted to add is around 'Network Effects'. At a high level this is: "A friend loves a product so much that he tells tells a friend, who loves it so much that he tells another friend, who loves it so much that he tells another friend, etc. etc". This is the goal for everybody who is creating a product on Planet Earth. It provides 'Social Proof' to the product (think: you are more willing to go to a movie if your friend tells you it was good than if you read that it was good on a movie critic's blog post). It also provides higher user retention, and lower advertising costs. Facebook was the first product to generate massive network effects in the post-2000 internet. Everyone told their friends to get on Facebook because it was 'that good' over MySpace and Friendster. You can see how it's still a behemoth today.
So how does a product achieve this 'Network Effects' Phenomena?
Person Description
Elon Musk: "If you're entering anything where there's an existing marketplace- against large entrenched competitors- then your product or service needs to be MUCH better than theirs. It can't be a little bit better."
Peter Thiel: "A Great technology company should have proprietary technology an order of magnitude better than its nearest substitute."
In engineering terms, an 'order of magnitude' means 10x. So you need either a 10x improvement in speed, cost, usability, customer service, or some combination of them in order to achieve these 'Network Effects'.
But why? Why can't it be a little bit better and still achieve network effects? That's because there are 'switching costs' for all potential customers/users of your product/service. They will need to retrain themselves and all their employees to use your product/service. Or they will need to retrain themselves and all their customers to use their product/service. That is very difficult because most people don't have time in the day to learn how to use a new thing- the thing they're already using works fine for them and they already know how to use it! A 2x improvement or a 5x improvement is not enough of an improvement for adoption: Nobody has the time to care, so there are no network effects possible. It is only when you get to an 'Order of Magnitude' (or a 10x) improvement that it begins to be worth people's time to care how to use your product/service. Only then, can Network Effects take hold.
So what does an 'Order of Magnitude' (or a 10x) improvement look like for a merchant? Well, legacy payment systems charge 3% for a Credit Card Processing Fee, so an 'Order of Magnitude' (or 10x) improvement on that looks like 0.3% fees. Going from 3% fees to 0.3% means a 90% reduction in cost. So we are going to shoot for at least a 90% reduction in cost for all scenarios.
 
So, balancing A), B), C), D), E), F) above, along with analyzing different tx scenarios of traditional payment processors, I have come up with this model:
Payment Processor Fee
Visa: 2.5% + $0.10
Mastercard: 3% + $0.10
Paypal: 2.9% + $0.30
AliPay: 3%
WechatPay: 3%
Scenario 1: 0-$0.10 tx Fee
Visa: Can't Do
Mastercard: Can't Do
Paypal: Can't Do
AliPay: $0.003 fee
WechatPay: $0.003 fee
OMG: $0.0001 fee
Minimum OMG Savings: 96.67%
Scenario 2: $0.10-$1 tx Fee
Visa: $0.125 fee
Mastercard: $0.13 fee
Paypal: $0.329 fee
AliPay: $0.03 fee
WechatPay: $0.03 fee
OMG: $0.001 fee
Minimum OMG Savings: 96.67%
Scenario 3: $1-$10 tx Fee
Visa: $0.35 fee
Mastercard: $0.40 fee
Paypal: $0.59 fee
AliPay: $0.30 fee
WechatPay: $0.30 fee
OMG: $0.01 fee
Minimum OMG Savings: 96.67%
Scenario 4: $10-$100 tx Fee
Visa: $2.60 fee
Mastercard: $3.10 fee
Paypal: $3.20 fee
AliPay: $3.00 fee
WechatPay: $3.00 fee
OMG: $0.10 fee
Minimum OMG Savings: 96.15%
Scenario 5: $100-$1000 tx Fee
Visa: $25.10 fee
Mastercard: $30.10 fee
Paypal: $29.10 fee
AliPay: $30.00 fee
WechatPay: $30.00 fee
OMG: $1.00 fee
Minimum OMG Savings: 96.02%
As we can see:
Points Solution
A) We have moved off the $0.001 or $0.0001 fixed-tx fee model to give Omise more revenue when they move all their existing payment processing onto the OMG Network & be rewarded for their hard work
B) We have implemented a sliding scale for stakers to capture more tx fees (but not too much!) for increasing value of txs
C) Stakers are earning more compared to my $0.001 or $0.0001 fixed-tx fee model and will be incentivized to stake and ensure the security/decentralization of the network
D) We have stuck with a fee model that is not a % of 'amount of value sent'. This has been the default way to construct a cryptocurrency network since the advent of Bitcoin.
E) An Unbanked person making a meaningful daily $0.10 tx is welcome on our network with an effective fee of 0.1%
F) We are achieving the 'Network Effect' mandate by having a payment processing network that is an 'Order of magnitude' (ie 10x) better than legacy payment systems
Here are where the Network Effects will sprout from in the OMG Network:
Participant How they will induce Network Effects
Merchants: "Hey [other merchant] you can save 90% on Credit Card fees by using this new OMG Network. People can also pay you with any currency in the world and you will receive USD, instantly. It's magic!"
eWallet Developers: "Hey this White Label Wallet SDK will make it really easy to build our own eWallet with your own branding on the front. It also plugs into a blockchain network that lowers processing fees for merchants by 90% and allows eWallet Users to pay with any currency/cryptocurrency they want. Thank god someone else made this because we sure don't want to spend the time or money to!"
eWallet Users: "You can visit can visit China, pay them via QR code with whatever currency/cryptocurrency you have in your wallet with no hassle and no exorbitant conversion fees. You will never have to exchange cash again! If you need to top up your tokenized fiat balance, just head to that 7/11 on the corner."
OMG Stakers: "Hey I make $x in passive income per year by validating txs on the OMG Network. This is like owning a toll booth on the World Financial Highway"
A 4-Pronged Network Effect has never been seen in this world before. The most has been 3-pronged Network Effects with Facebook (Users, Brands, Advertisers) and Amazon (Sellers, Buyers, Shipping Companies).
See you on Mars.
submitted by coltonrobtoy to omise_go [link] [comments]

YouSeeMe – Connecting crypto communities and traditional consumers.

YouSeeMe – Connecting crypto communities and traditional consumers.
Introduction
In spite of the somewhat extensive number of recommendations officially existing in the market of digital currencies, numerous tasks add their plans to this rundown, while presenting a portion of their chips and highlights. A standout amongst the most widely recognized themes among cryptographic money designers is the framework that would enable clients to interface with this present reality quicker and all the more easily having computerized resources on their equalization.
Be that as it may, regardless of how huge the quantity of such ventures. On the planet, there are still not many top notch arrangements that can do any activities with respect to the promotion of cryptographic forms of money in the majority. Numerous tasks that we have over and over considered with you remain imperfect and subtleties that keep their fast improvement.
The venture, which we will think about today, additionally sets worldwide objectives, trying to wreck the current obstructions among cryptographic forms of money and merchandise, items and different administrations of our life.

https://preview.redd.it/vudm4qcm8lv21.png?width=960&format=png&auto=webp&s=723e803be01ddc68541939fffc8c88bec31865fa
ABOUT YouSeeMe
YouSeeMe is an ecosystem of firewall and loyalty awards, which connects crypto communities and traditional consumers. Youseeme allows buyers not to manage various loyalty programs and redeem prize points at different retailers. All these loyalty points accumulated (Bartcoin) can be spent at all retailers in the Youseeme network (restaurants, shops, etc …). Buyers immediately find out their wallet balance and bartcoin available. Youseeme Wallet offers safe and fast transactions, online shopping (M-commerce) and easy money transfer between wallets (for example: sharing bills, sending money to someone across the country, etc.
YouSeeMe is the first electronic wallet combining payment and trading functions. Now you can share with friends and family, pay for purchases, trade cryptocurrency and traditional assets and goods and store any of your assets in a safe place. The project combines two applications at once. This is the YouSeeMe app and the Bartwallet app.

https://preview.redd.it/uc0wqrtq8lv21.png?width=200&format=png&auto=webp&s=1f152b8c40523a511fcefe16322b02d32db991ac
This is the first Ewallet to combine the payment and trade functions of the all-in-one Share with friends and family, pay merchants, exchange cryptocurrency, or assets and commodities and store them safely in your wallet portfolio.
BARTWALLET APPLICATION
The Bartwallet application will be launched in Q1 2019, will offer next generation trading solutions for cryptocurrency and tokens. This exchange will support Bitcoin and Ethereum (which will come for other cryptocurrency), and Bartcoin (BARC). The exchange platform will offer high liquidity, transparent order books, and low and flat costs for all trades. This application can be installed on all types of smartphones.
YouSeeMe BARTCOIN & ECOSYSTEM
The Youseeme application facilitates the transition between the virtual world and the real world, it will allow you to spend money on Bartwallet thanks to Bartcoin cryptocurrency, so, for example, you can change Bitcoin, Ethereum or other cryptocurrency to Bartcoin and pay for your purchases through Youseeme at merchants ( shops, restaurants, …) and with just a few clicks, you can easily follow the history of all your transactions online.
YouSeeMe & BARTWALLET IS EASILY ACCESSIBLE
Make your purchase and pay through Yousseme eWallet, no need to use a credit card. Share taxi fares with your friends or simply send a part of your rent to your roommate, all this with the Youseeme app. Buy and sell your cryptocurrency wherever you are, collect your transactions and choose to change them instantly to Bartcoin or Euro anytime. Always available, see your transaction history and manage your Bartwallet 24 hours a day.
The details of the ICO
As you have already understood, the local token (BARC) will be used to perform most of the functions within this system. It itself is developed on the basis of the Ethereum blockchain of the standard ERC-20 token. In total, 165 million coins with an initial value of 1 EUR per 1 BARC will be issued for the development of the platform. However, the development team provides various promotions and bonuses to participants of preliminary and public sales. The proceeds from the sales will be directed to the development of this project

https://preview.redd.it/74l9pk6u8lv21.png?width=912&format=png&auto=webp&s=82731b974597fd1038a41a23858a364566c9c126
Conclusion
The idea and technology behind the Youseeme is outstanding. Youseeme team project managers and engineers are highly reputed as we notice they are dealing a huge set of launches where they are integrated into a secure communication system. The team is with a solid background who are experts on this special matter. They look like they know what they are trying to do on the blockchain. After studying all the major concepts from their whitepaper I have a high of seeing Youseeme succeed as it truly has the potential to rock the market and also investing into this project won't be much challenging for major investors.
For more information you can visit (Youseeme](https://www.bartwallet.pro)'s official site and read their whitepaper. The links can be found below.

WEBSITE: https://www.bartwallet.pro
TELEGRAM: https://t.me/Bartcoinbartwalletchat
WHITEPAPER: https://www.bartwallet.pro/wp-content/uploads/2019/02/White-paper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=5113007
FACEBOOK: https://www.facebook.com/bartcoinbartwallet/
REDDIT: https://www.reddit.com/comments/arloud/youseeme_bartwallet/
2.png YOUSEME APP [GOOGLE PLAY]: https://play.google.com/store/apps/details?id=com.youseeme.youseeme
YOUSEME APP [APP STORE]: https://itunes.apple.com/ru/app/youseeme/id1187888987?l=en&mt=8
2.png BARTWALLET APP [GOOGLE PLAY]: https://play.google.com/store/apps/details?id=com.youseeme.bwallet
BARTWALLET APP [APP STORE]: https://itunes.apple.com/ru/app/bartwallet/id1416556130?l=en&mt=8
Core Team


Author's Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1767745
username: arsenalx420
submitted by arsenalx420 to u/arsenalx420 [link] [comments]

Bitventory: A simple, secure, auditable e-wallet service

Hey all,
Bitventory is a new online wallet service I've developed to help solve many of the problems with other e-wallets. The challenge I set out to solve is this: is it possible to design a wallet service where the operator has no control of the funds? Essentially, can you run a bank without holding any money?
Bitventory never solicits the user for private keys. Instead, all wallet operations requiring a private key are performed in-browser using a Java applet. When the site needs to expand the user's pool of public keys stored server-side, it asks the user to unlock their wallet and queries the applet for keys. Likewise, when the user wishes to send coins from the site, the transaction is built by the server-side transaction processor and is passed to the applet for signing.
The applet actually displays the payment recipient, the coins sent, fees, etc to the user after extracting them from the transaction itself. Thus, I as an evil service operator can't ask the user to sign a malicious transaction. The applet also verifies that the change address is owned by the user.
The applet source code is all free software, licensed under the GPLv3, and is available on Github. Beyond downloading the code, users can pull it, sign their own jar file, and then actually use their own audited code on the site. There are instructions for building and signing applets and configuring Java to use your own certificates. This way, I can't swap in malicious code. With other deterministic wallets, you're left to hope that the operator isn't changing the Javascript that you're being sent.
Speaking of deterministic wallets: Bitventory uses a hybrid approach to key generation. It's not entirely random, but it's also not derived from a simple password. A full description is on the site, but the gist is that a key is derived from an email, password, and a token derived from an initial randomly generated secret shared between us and the user. This seriously hampers any sort of dictionary attack on the chain, but still allows one serious advantage:
Your wallet can be generated at any time, given those three components: email, password, and the shared secret. We provide a free software wallet generator which can restore a user's wallet entirely in the official Bitcoin client. If we disappear tomorrow, or you simply wish to leave, there's an immediate exit strategy. No backups or anything are required. Simply remember your password, and store your secret in a secure location (preferably offline, on paper).
This is a project I've been working out in my head for a while, but which I've only recently allocated the time to build. I have the codebase stable, but there are misc quirks that I'm working out. For now, I'm only running a version of the wallet on the Bitcoin test network for users to try out and give feedback on. If you encounter any issues, please send me a bug report via email or reddit. I won't feel comfortable opening it for use on the production network until I start getting real feedback.
I've also slapped my personal identity all over this thing. The whois data, SSL certificate, etc. My name is Ken, and I'm a student in Albany, NY, and you can call me if you want. You might think the student label would be a reason not to use the service, but I designed it for that to be less important. I'm not a bank, and I don't have the massive team of developers and technical expertise of one. I've developed Bitventory so that I don't need to be trusted with your coins. Even assuming the site was compromised, your wallets would be safe.
Feel free to fire away with any questions. Also, I've created this account specifically because my main reddit account isn't attached to my real identity and I'd like to keep it that way. But if a mod would like, I can verify anything, including that I'm an active redditor.
Check out our testnet client here: https://bitventory.com/testnet/
Send yourself some coins: Testnet Faucet
Thanks!
EDIT: As ripper2345 pointed out, the default jar has really awful permissions (it wants to be granted local file access). Unless you roll your own, you may want to avoid creating an account until I fix this. I should have it fixed shortly.
EDIT2: The applet should be sandboxed now. You may need to clear your Java applet cache, if you tried to use the previous version. Let me know if there are anymore concerns. I'll be here all day keeping an eye on things. :)
EDIT3: I've signed up for User Voice, so if you'd like to leave bug reports and feature requests:
http://bitventory.uservoice.com/
Bugs and feedback here are fine, but anything involving future features and such should be sent to User Voice so I can have a record of what people most want. Thanks!
EDIT4: As requested, you can follow us for updates as we add new things, and for details on our upcoming launch on the production chain. I get annoyed with over-tweeting, so expect it to be really low traffic. http://twitter.com/#!/bitventory
EDIT5: As requested, here's a Bitcoin address if you'd like to help fund development of the site (PM for a unique address):
15ZB6k6ZJMUf6wCLZ1UFrbWoR7uH4PYSqb
EDIT6: After some helpful feedback today, I've made an update about upcoming changes and improvements. They're detailed in this post.
The particularly big change I'm looking at is a fix to eliminate server-side token generation in favor of a pure in-browser solution. Any thoughts would be appreciated.
EDIT7: I apparently pushed a broken update last night because of a small difference between my dev environment and this AMI which I've fixed. I saw that a few user accounts last night weren't able to try out the site, and should be good to go now.
submitted by bitventory to Bitcoin [link] [comments]

http://www.ledgerprojects.com/blockchain-for-dummies/

If the bitcoin’s blockchain is on my computer, can I add 1 million of bitcoins in my ewallet?

The blockchain is famous for its security: once the data is there it is impossible to modify it.
The blockchain consists of a chain of blocks, where every block contains data (for instance a money transactions, documents or personal data). When a new block is to be added to the chain, it has to be verified by the network of nodes first, and once this is done, the transaction can be inserted in the blockchain. There are mining and a consensus protocol standing behind this phase (click here to read more). The blocks are connected with each other in a way that if I edit the content of one block I must edit all the following blocks, moreover to edit a block you need the consensus of other nodes. Hence the more people are using a blockchain, the longer it is and the more secure the system is.
At present there are over 9000 nodes in the Bitcoin system.

Are you telling me that the blockchain has no flaws?

Technically it is possible to break into the blockchain but you will need more than half of the computational power of the whole world (so basically it is impossible).
Experts are worried that blockchain cannot resists a quantum attack. A quantum computer is a next generation computer with a huge computational power, it is being developed in Google’s laboratory. It can come out in 10 or 20 years but by that time also the blockchain technology will evolve. For instance Iota is a new kind of blockchain with a different structure and it can resists a quantum attack.
submitted by rachwill07 to u/rachwill07 [link] [comments]

ICO Update – Jul 1 2017

ICO Update – Jul 1 2017 Here is the progress of the Initial Coin Offerings that we are following. Please go to https://urbancrypto.com/ongoing-icos/ for a full list of Ongoing ICOs.
DCORP ICO Update – Jul 1 2017
The DCorp ICO ended with a pretty decent result. The ICO raisedover5 million dollars altogether, passing its minimum of 1.3 million to achieve its needs for its derivatives exchange seed project. With its’s corporate structure and participation of token holders in the governance of the company, it is still avery interesting project and one to watch in the future.
The DCorp ICO is almost at an end, if you haven’t looked into DCorp, you still can. To read more on DCORP: https://urbancrypto.com/dcorp-drp-derivatives-exchange-profile/
Sphre (Air) XID Token ICO Update – Jul 1 2017 The Shpre – Air ICO has closed and the company has raised just over 50% of its hard cap. The final numbers are:
2059.69777838 BTC 1,090 Participants 1,405 Transactions
To read more about Sphre click https://urbancrypto.com/sphre-token-xid-the-air-platform/
Giga Watt ICO Update – Jul 1 2017
The Giga Watt ICO moves along ith slow contributions coming in. They have issued 12,553,344 tokens and the current rate is $1.05 per token. So, they have raised over 11 million dollars which in itself is a huge accomplishment. The ICO period is one of the longer ones we have seen and we will see how far they go with 30 days left for this Blockchain-based Mining Solution
To read more on Giga Watt click https://urbancrypto.com/giga-watt-wtt-profile/ To follow the crowdsale click: https://cryptonomos.com/wtt/
FUND YOURSELF NOW ICO Update – Jul 1 2017
Fund-Yourself-Now, a blockchain based crowdfunding platform launched its ICO on June 17th with a period of 46 days. Their hard-cap is 7.5 million FYN tokens or about 65,000 ETH which at current market prices is approximately 22 million dollars. FYN already has a pipeline of upcoming ICOs to be launched on their platform and we will be detailing them shortly.
Here is the progress so far: ETH Balance: 4,478.079166217484335852 Ether ETH USD Value: $1,202,140.35 (@ $268.45/ETH) No Of Transactions: 808 txns To read more about the Fund Yourself Project Now click here. https://urbancrypto.com/fund-yourself-now-crowdfunding-platform-profile/
Corion ICO Update – Juy 1 2017
Corion’s goal is to be a multifunctional Platform for businesses and individuals to join and build a worldwide decentralized network, based on mutual benefits, simplicity, security, cost-effectiveness, speed and a stable means of payment. Corion launched its ICO on June 18th, 2017. There was no minimum or maximum cap set. The sale has not generated a lot of contributions in the past 24 hours. The Crowdsale has raised $1.3 million dollars so far.
To read more about Corion, click here: https://urbancrypto.com/corion-platform-stabilized-cryptocurrency/ To follow the Corion ICO click here: https://www.corion.io/
Polybius Bank ICO Update – Jul 1 2017
Polybius Bank states that they will combine features of modern banking, IoT, Big Data and Blockchain-based technologies while also meeting security and UX requirements.
They opened their crowdsale on May 31, 2017. The terms are that each PLBT token will cost $10 and the maximum number of tokens to be sold is 20,000,000. That leaves the possibility of them raising up to $200 million dollars. They have already raised around $25,000,000 dollars as per their website.
The ICO will come to an end in a day, to read an update from our friends at BitcoinChaser click here: http://bitcoinchaser.com/ico-hub/polybius-ico-update To follow the Polybius ICO click here: https://polybius.io/
Upcoming Initial Coin Offerings
We have updated our list of upcoming ICOs and it is extensive. We have added links to the companies websites and whitepapers where available. For a completely comprehensive list click here: https://urbancrypto.com/upcoming-icos/
We anticipate uploading Profiles on the following upcoming ICOs in the next few days: Populous – Invoice and Trade Finance Hive Project – Currency Invoice Financing Platform OpenAnx – Decentralized Exchange PrimalBase – Distributed Workspace for Tech Community MyBit – Decentralized Asset Management OmiseGo – eWallet Platform
If there is an ICO that you would like to see a Profile that we have not listed, please let us know and we will do our best to provide it ASAP.
ICO Update – Jul 1 2017
submitted by urbancrypto to CryptoMarkets [link] [comments]

Bitcoin donation button for Wordpress

I wanted a donate button on my Wordpress site and started out with Paypal but it seems they have put a stop to that for non-charities so I went on to Bitpay but it was the same for them if you wanted to be able to process more than $500 a year.
Instead I simply got an eWallet at Blockchain and generated an address for donations and put it on the site with a Wordpress plugin called BitMate Author Donations. I now have an address like:
bitcoin:1JAxmzGbkmRgoUkpbU7UR7QWUh26NN3su1?label=Donation-from%blablabla&message=Donation-from%3Ahttp%3A%2F%2Fblabla.com%2F
But how do I test if this is actually working? Do I have to open a software wallet to make a donation to myself? Or can I associate the bitcoin protocol to the Blockchain wallet?
What's the best way to have a donation button where visitors can donate directly with Paypal or their credit cards but I receive bitcoins?
submitted by midas22 to BitcoinBeginners [link] [comments]

Inspired-By-Cryptocurrencies

I'll start by saying that I have been fascinated by bitcoin since the first time I heard about it four or so years ago. Although I knew about it I was young and poor and wasn't aware about how to purchase it. Just basically wasn't on the level yet. When I first learned about Ethereum is when I became very interested in crypto that was a little over a year ago. Since then it's a progression. I have been in and out of almost every coin in the top 50 plus some. I love it. Really love decentralization. I love the idea of people taking their financial freedom back. Fuck yeah to huge green dildos the market gains are staggering. The losses are fantastically huge and terrifyingly hilarious. The tech is brilliant, genius, useful, innovative, hard to understand, open source, I mean it's really just a wonderful place right now. It's a fertile ground for entrepreneurs. It's a new market for a new generation. It's risky business.
Please then can anyone tell me what trail blazers were not confronted with new obstacles? What great place for the free is not attacked by cretans? Where there is money is there not always a desire to hide it? As far as I can tell, an uncharted, dreamers, territory, is a dangerous place and it always has been. From Magellan's circumnavigation, to Louis and Clark's Corps of Discovery, doing something new and great is full of hazards that have to be overcome.
As crypto currency is moving growing out of its toddling stages we are continuing to face attacks on its credibility from the outside. I think that many crypto enthusiasts will agree that there are many "coins/tokens" that aren't going to be good long term investments. But I also believe and can see and read that some of these technological mutations are going to do great things for finance and I believe you believe that too.
Although "Crypto" is in its own way a boycott of convention, it is now a vibrant community of millions of people. We are a minority who only wish to develop and support new products that have been withheld from us by groups too powerful to combat until "open source" became more available throughout the world. Now that we have one foot out the door the old guard is noticing. They, as well as our governments are struggling to catch up in an industry begun by hobbyists. In garages and spare bedrooms, with gear that had to be sourced and pieced together, we built our miners. In chat rooms not classrooms, through support within the communities of crypto we learned things like POS, LN, hard fork, soft fork, block time, ewallet, and so much more. We are now becoming great. There are technologies on the horizon that are daring to change the world. We are creating a united front to be citizens of the world without their NWO.
I started writing this as a critical thing about the Dimon thing but instead I just became lost in the inspiration I see everyday here on Reddit, Twitter, the exchanges, (the immense load they have mostly handled) so I guess I'm just saying thanks to all the people out there who built this. Thanks for all the community support. Hodl or seldl, you are all here reading, hungry motherfuckers, who want something better! Keep up the hard work! If you are like me there is hardly a place for you to talk openly about crypto without sounding like a nut but I am super fuckin pumped about Cryptocurrencies and happy to be a part of this with all of you.
submitted by jsquirtlesquirtle to CryptoCurrency [link] [comments]

ICO Update – Jul 2 2017

ICO Update – Jul 2 2017 Here is the progress of the Initial Coin Offerings that we are following. Please go to https://urbancrypto.com/ongoing-icos/ for a full list of Ongoing ICOs.
Giga Watt ICO Update – Jul 2 2017
The Giga Watt ICO moves along ith slow contributions coming in. They have issued 12,579,633 tokens and the current rate is $1.05 per token. So, they have raised over 12 million dollars which in itself is a huge accomplishment. The ICO period is one of the longer ones we have seen and we will see how far they go with 29 days left for this Blockchain-based Mining Solution
To read more on Giga Watt click https://urbancrypto.com/giga-watt-wtt-profile/ To follow the crowdsale click: https://cryptonomos.com/wtt/
FUND YOURSELF NOW ICO Update – Jul 2 2017
Fund-Yourself-Now, a blockchain based crowdfunding platform launched its ICO on June 17th with a period of 46 days. Their hard-cap is 7.5 million FYN tokens or about 65,000 ETH which at current market prices is approximately 22 million dollars.
FYN already has a pipeline of upcoming ICOs to be launched on their platform and we will be detailing them shortly.
Here is the progress so far: Contract Overview | FundYourselfNow ETH Balance: 4,506.062166217484335852 Ether ETH USD Value: $1,314,778.82 (@ $291.78/ETH) No Of Transactions: 817 txns
To read more about the Fund Yourself Project Now click here. https://urbancrypto.com/fund-yourself-now-crowdfunding-platform-profile/
Corion ICO Update – Juy 2 2017
Corion’s goal is to be a multifunctional Platform for businesses and individuals to join and build a worldwide decentralized network, based on mutual benefits, simplicity, security, cost-effectiveness, speed and a stable means of payment. Corion launched its ICO on June 18th, 2017. There was no minimum or maximum cap set. The sale has not generated a lot of contributions in the past 24 hours. The Crowdsale has raised $1.3 million dollars so far.
To read more about Corion, click here: https://urbancrypto.com/corion-platform-stabilized-cryptocurrency/
To follow the Corion ICO click here: https://www.corion.io/
Polybius Bank ICO Update – Jul 2 2017
Polybius Bank states that they will combine features of modern banking, IoT, Big Data and Blockchain-based technologies while also meeting security and UX requirements.
They opened their crowdsale on May 31, 2017. The terms are that each PLBT token will cost $10 and the maximum number of tokens to be sold is 20,000,000. That leaves the possibility of them raising up to $200 million dollars. They have already raised around $26,000,000 dollars as per their website.
The ICO will come to an end in a couple of day, to read an update from our friends at BitcoinChaser click here: http://bitcoinchaser.com/ico-hub/polybius-ico-update To follow the Polybius ICO click here: https://polybius.io/
DAO Casino ICO Update – Jul 2 2017
In on-line gaming the biggest issue that all parties involved have to deal with is trust, the DAO Casino platform directly addresses this issue and removes the need for any trust from the parties involved.
Built on the Ethereum Blockchain and powered by the Ethereum ERC20 token protocol, DAO Casino, through its decentralized, open-code platform is transparent and there is no way for any of the parties to take advantage of each other. This produces the first truly “fair” on-line gaming platform.
The ICO was off to a quick start and continues to raise funds. The sale has a hard cap of $25,000,000, As of the time of this publication they have raised around 13 million dollars.
To have a look at our complete profile, click here: https://urbancrypto.com/dao-casino-blockchain-gambling/ To follow the DAO Casino crowdsale directly, go to https://dao.casino/
Upcoming Initial Coin Offerings
We have updated our list of upcoming ICOs and it is extensive. We have added links to the companies websites and whitepapers where available. For a completely comprehensive list click here: https://urbancrypto.com/upcoming-icos/
We anticipate uploading Profiles on the following upcoming ICOs in the next few days: Populous – Invoice and Trade Finance OpenAnx – Decentralized Exchange PrimalBase – Distributed Workspace for Tech Community MyBit – Decentralized Asset Management OmiseGo – eWallet Platform
If there is an ICO that you would like to see a Profile that we have not listed, please let us know and we will do our best to provide it ASAP.
ICO Update – Jul 2 2017
submitted by urbancrypto to CryptoMarkets [link] [comments]

[uncensored-r/Bitcoin] Someone is going to become a millionaire by making a "Bitcoin browser." (A "Tim-Berners Lee" mome...

The following post by BillRollo is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/723cmu
The original post's content was as follows:
We're going to see a “Tim Berners-Lee moment” soon that completely demystifies Bitcoin for the mainstream user in the same way Tim demystified internet access by inventing the browser.
Whoever does this is going to make a blind fortune.
At the moment, the public is extremely confused by Bitcoin. “Is it a real coin as well as digital? What is a blockchain? What on earth is an eWallet? How to I change my $ into Bitcoin?
It is also incredibly convoluted to use. What's desperately needed is an app that's as simple and easy to use as a browser, then Bitcoin will go mainstream with explosive speed.
The bottom line is that users simply don’t need to know what a blockchain is, what eWallets and paper Wallets are and how they work. Truth is there's no money in the eWallet, it's all in the Blockchain so the ‘wallet’ term is stupidly confusing. Nor do they need to know about private and public keys either. That's like needing to be a qualified mechanic to own and drive a car. Most people haven't a clue what goes on under the hood of a 2017 Ford Focus, and they don't need to. They just put fuel, oil and water in, and know how to switch it on, and sometimes get new tyres. But that’s it.
We sorely need an app that simplifies the process of using Bitcoin to a few clicks.
All the user needs to know is the following:
  1. Bitcoin is digital money
  2. There is a digital bank. (You don't need to know it's called the "blockchain".)
  3. You have an account with a user name and password. (You don't need to know those are public and private keys.)
  4. You can instantly send money from your account to another account. (Forget the term ‘wallet’ it's just confusing.)
An opportunity awaits a coder somewhere to create an app that does the same thing Tim Berners-Lee did. He simplified access to the internet by inventing a browser that automatically carries out all the complex internet access and display actions, behind the scenes unseen.
Users simply do not need to know how it works.
The Bitcoin app will reside on your computer or phone. It will hide all the crypto complexity and have an elegantly simple, beautifully designed interface with just a few, easy to follow buttons, and a space for your password.
Here’s how it might work:
Download and install the “Bitcoin app”, then open it. The app will generate a unique user name and password. Keep that somewhere safe, just like you do now with your bank login. (Note: I won’t get into how you buy Bitcoin for $ and get it into your Bitcoin account. That’s another issue for which there is an elegantly simple solution that will easily defeat any bank or government attempting to stop it. I’ll make another post about that.)
On the dashboard of the app you'll see your Bitcoin balance. There’s also a place to enter a payee's account number, amount, and a submit button. Just decide who you are sending money to, enter account number and amount, and hit submit.
Seconds later they’ll have their payment.
Finish. Done.
All the complicated public and private key, ewallet and blockchain arcane techie nonsense is done behind the scenes. The user needs to know nothing about that.
So.... who will be the next Tim Berners-Lee?
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

ICO Update – Jun 29 2017

ICO Update – Jun 29 2017 Here is the progress of the Initial Coin Offerings that we are following. Please go to https://urbancrypto.com/ongoing-icos/ for a full list of Ongoing ICOs.
DCORP ICO Update – Jun 29 2017
The DCorp ICO which will end in about thirteen hours. There has been a nice gain in contributions since our last update with total contributions now over 4.4 million dollars.
I still find the governance structure of DCorp intriguing and wonder if all blockchain based ICO companies should work this way. If you are not familiar with the structure of the company have a look at our profile by clicking the link below.
The DCorp ICO is almost at an end, if you haven’t looked into DCorp, you still can.
To read more on DCORP: https://urbancrypto.com/dcorp-drp-derivatives-exchange-profile/ To follow the progress of the ICO click here https://www.dcorp.it/crowdsale
Sphre (Air) XID Token ICO Update – Jun 29 2017
The Shpre – Air ICO continues to garner contributions with another 100 BTC since our last update. With less than a day remaining for the ICO, the company has raised almost 50% of its hard cap. Time is running out to participate in this crowdsale.
To learn more about the company, click the link below. The crowdsale moves along with a total of: 1988.47303430 BTC 1,028 Participants 1,306 Transactions
This is your last chance to check out the Shpre ICO. To read more about Sphre click https://urbancrypto.com/sphre-token-xid-the-air-platform/ To follow the progress of the ICO click here: https://tokeninvestor.com/crowdfunding/air
Giga Watt ICO Update – Jun 29 2017
The Giga Watt ICO moves along ith slow contributions coming in. They have issued 12,131,640 tokens and the current rate is $1.05 per token. So, they have raised over 11 million dollars which in itself is a huge accomplishment. The ICO period is one of the longer ones we have seen and we will see how far they go with 32 days left for this Blockchain-based Mining Solution
To read more on Giga Watt click https://urbancrypto.com/giga-watt-wtt-profile/ To follow the crowdsale click: https://cryptonomos.com/wtt/
FUND YOURSELF NOW ICO Update – Jun 29 2017
Fund-Yourself-Now, a blockchain based crowdfunding platform launched its ICO on June 17th with a period of 46 days. Their hard-cap is 7.5 million FYN tokens or about 65,000 ETH which at current market prices is approximately 22 million dollars. Contributions since our last update have been less than 40 ETH.
Contract Overview | FundYourselfNow ETH Balance: 4,385.024291106957040084 Ether ETH USD Value: $1,307,789.64 (@ $298.24/ETH) No Of Transactions: 765 txns
To read more about the Fund Yourself Project Now click here. https://urbancrypto.com/fund-yourself-now-crowdfunding-platform-profile/
Corion ICO Update – Jun 29 2017
Corion’s goal is to be a multifunctional Platform for businesses and individuals to join and build a worldwide decentralized network, based on mutual benefits, simplicity, security, cost-effectiveness, speed and a stable means of payment. Corion launched its ICO on June 18th, 2017. There was no minimum or maximum cap set. The sale has not generated a lot of contributions in the past 24 hours. The Crowdsale has raised $1.2 million dollars so far.
To read more about Corion, click here: https://urbancrypto.com/corion-platform-stabilized-cryptocurrency/ To follow the Corion ICO click here: https://www.corion.io/
Polybius Bank ICO Update – Jun 29 2017
Polybius Bank states that they will combine features of modern banking, IoT, Big Data and Blockchain-based technologies while also meeting security and UX requirements.
They opened their crowdsale on May 31, 2017. The terms are that each PLBT token will cost $10 and the maximum number of tokens to be sold is 20,000,000. That leaves the possibility of them raising up to $200 million dollars. They have already raised around $25,000,000 dollars as per their website.
The ICO will come to an end in a day, to read an update from our friends at BitcoinChaser click here: http://bitcoinchaser.com/ico-hub/polybius-ico-update To follow the Polybius ICO click here: https://polybius.io/
Upcoming Initial Coin Offerings
We have updated our list of upcoming ICOs and it is extensive. We have added links to the companies websites and whitepapers where available. For a completely comprehensive list click here: https://urbancrypto.com/upcoming-icos/
We anticipate uploading Profiles on the following upcoming ICOs in the next few days:
Populous – Invoice and Trade Finance Hive Project – Currency Invoice Financing Platform OpenAnx – Decentralized Exchange PrimalBase – Distributed Workspace for Tech Community MyBit – Decentralized Asset Management OmiseGo – eWallet Platform
If there is an ICO that you would like to see a Profile that we have not listed, please let us know and we will do our best to provide it ASAP.
ICO Update – Jun 29 2017
submitted by urbancrypto to CryptoMarkets [link] [comments]

Questions regarding addresses

Basically I want to know how you get a bitcoin address for people to send money to. Is this generated by the ewallet application or website? Can I get a new address for every transaction to add an extra layer of anonymity? Would it be worth me having multiple ewallets?
submitted by TheRealShyft to Bitcoin [link] [comments]

Regarding services that use "secret URLs" to handle user accounts

I've seen a lot of Bitcoin eWallets and gambling sites use a secret URL-based account feature, in which the account, and the respective Bitcoin balance are linked to a secret URL which is the only thing that is needed in order to access the account.
However, I've seen some sites which have forgetten to properly add the 'noindex' metatag or rely solely on robots.txt to prevent the secret URLs from appearing in Google search results, which doesn't prevent the links from being indexed if they are found in an another indexed page.
Some services have forgotten to do that (including the late Instawallet, although they fixed it days before they shut down for good), which means that the secret URLs may become visible in search engine results either by mistake (the URL is leaked to the search engine somehow, possibly when user leaks the URL somewhere or accidentally Googles it when meaning to open it using Chrome's address bar or Firefox's Awesome Bar).
I have found two Bitcoin services that had this flaw, and although majority of the secret URLs in search results were generated by search bots instead of actual users, some of the accounts I found actually had transaction history entries behind them, one which was last used two weeks ago. someone could build a list of such secret URLs, check them periodically and then wipe them clean when someone deposits coins in.
tl;dr Try to avoid using secret URLs to store sensitive account information, or at least remember to prevent search bots from indexing the pages.
submitted by Matoking to Bitcoin [link] [comments]

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