Wholeheartedly willing to get downvoted, but this RMT obsession has to stop.
This sub hasn't got a clue, I swear. Huge sweeping changes to the game mechanics are a terrible way to combat RMT. It's basically an admission that your anti-cheat doesn't work. Most MMOs suffer in some way from an RMT problem; WoW, Runescape, even Destiny 2 has RMT issues if you just look. Thing is, the anticheat in those games actually works worth a damn, so the entire playerbase doesn't have to suffer from endless tinkering with in-game systems. Before you hit me with 'it's a hardcore game, deal with it, it's supposed to be grindy', just stop. Just don't bother. I've heard it time and time again, and it's bullshit. You know it's bullshit just as well as I do. The changes BSG have been making recently to nerf all forms of progression only make the game 'more hardcore' for people who work full time and don't have the same amount of *time* as streamers who dedicate their entire life to this game. That's not 'hardcore'. The game's difficulty mechanically is 'hardcore' and always have been, and I love it. These changes, though, in my eyes, are just time-wasting for the sake thereof. Since when does the amount of time one has to invest in a game define how fucking hardcore it is? Would you describe WoW as more hardcore than Tarkov because of how long you have to play to progress? Or perhaps beating all three Witcher games back to back is 'hardcore' because it took a long time. Are ARMA or DCS inherently less hardcore than Tarkov because an operation can be completed in an afternoon? No, judging how hardcore a game is by the amount of time one has to invest in it is a joke. *No game* should give enormous *mechanical advantages* to those with more time on their hands. There's already an inherent skill advantage that comes from that amount of practice, designing the mechanics to also reward only those with that much time is a kick in the teeth to all the people who love this game but can't invest that level of time. And yeah, you can go ahead and say 'ummm actualllly it's a beta, so they can do what they like, stop whining', and yep. Yes, they can. You're correct. However, comma, that doesn't mean I have to pretend to like it. Yes, I did buy EoD and no, I don't regret it because of all the fun I've had til now. But suggesting people who don't like the current direction the game is going in aren't allowed to voice their opinion because the game's in beta is fucking ludicrous. What do you think the purpose of a playable beta is? Nikita is more than welcome to ignore all the people who don't like these new changes, but what gives people on this sub the right to tell me that I'm not entitled to an opinion on the product I've chosen to financially support. It's such a toxic, capital-G Gamer attitute to suggest that 'Tarkov is OUR game because we're willing to dump several full days a week into grinding for our Bitcoin farms. You should just go and play something else, this clearly isn't a game for you. Go play Call of Duty.' I shouldn't even have to express how utterly reductive and childish that is. Grow up. I'm getting HUGE red flags with the way this game is currently going, because it's all too similar to a game I used to love, The Culling. That game blew up on launch and a bunch of high profile streamers suggested changes to the game, and the devs went ahead and implemented all of them without so much as *thinking* about how they'd affect the average player. Look at where that game is now. Servers shut down, because the average player simply stopped having fun. I'm not saying BSG is even close to that bad, but this endless tinkering with mechanics for the nebulous, vague purpose of 'RMT' has to stop or I don't know if the 'little guys' are gonna stick around much longer. EDIT: I AM AWARE THAT RMT != CHEATING. But cheating is what makes RMT viable. RMTers need to keep items in supply, and to do that, they cheat. It's much more profitable. Ergo, if you stamp out cheaters, the RMT problem becomes significantly diminished. EDIT 2: u/ArxMessor makes a great point that Tarkov is an MMO and therfore should have some kind of grind. I agree. However, most MMOs use systems like weekly bounties etc to ensure even players with only maybe 10 hours a week to invest in the game can still keep up and compete. Tarkov currently rewards time investment *exponentially* which removes all possibility of catching up. EDIT 3: Yep, my DMs right now are very much confirming the things I said above about a certain subset of this community. Thanks, Gamers. EDIT 4: I get it, Destiny anti-cheat is ass. I made a mistake there, since I don't play Trials of Osiris. However, do you see Bungie making the win requirement for Trials 50 wins instead of 9 or whatever just to slow down the hackers? Of course not, because it hurts normal players more. Edit 5: My first gold! Thanks kind stranger.
How EpiK Protocol “Saved the Miners” from Filecoin with the E2P Storage Model?
https://preview.redd.it/n5jzxozn27v51.png?width=2222&format=png&auto=webp&s=6cd6bd726582bbe2c595e1e467aeb3fc8aabe36f On October 20, Eric Yao, Head of EpiK China, and Leo, Co-Founder & CTO of EpiK, visited Deep Chain Online Salon, and discussed “How EpiK saved the miners eliminated by Filecoin by launching E2P storage model”. ‘?” The following is a transcript of the sharing. Sharing Session Eric: Hello, everyone, I’m Eric, graduated from School of Information Science, Tsinghua University. My Master’s research was on data storage and big data computing, and I published a number of industry top conference papers. Since 2013, I have invested in Bitcoin, Ethereum, Ripple, Dogcoin, EOS and other well-known blockchain projects, and have been settling in the chain circle as an early technology-based investor and industry observer with 2 years of blockchain experience. I am also a blockchain community initiator and technology evangelist Leo: Hi, I’m Leo, I’m the CTO of EpiK. Before I got involved in founding EpiK, I spent 3 to 4 years working on blockchain, public chain, wallets, browsers, decentralized exchanges, task distribution platforms, smart contracts, etc., and I’ve made some great products. EpiK is an answer to the question we’ve been asking for years about how blockchain should be landed, and we hope that EpiK is fortunate enough to be an answer for you as well. Q & A Deep Chain Finance: First of all, let me ask Eric, on October 15, Filecoin’s main website launched, which aroused everyone’s attention, but at the same time, the calls for fork within Filecoin never stopped. The EpiK protocol is one of them. What I want to know is, what kind of project is EpiK Protocol? For what reason did you choose to fork in the first place? What are the differences between the forked project and Filecoin itself? Eric: First of all, let me answer the first question, what kind of project is EpiK Protocol. With the Fourth Industrial Revolution already upon us, comprehensive intelligence is one of the core goals of this stage, and the key to comprehensive intelligence is how to make machines understand what humans know and learn new knowledge based on what they already know. And the knowledge graph scale is a key step towards full intelligence. In order to solve the many challenges of building large-scale knowledge graphs, the EpiK Protocol was born. EpiK Protocol is a decentralized, hyper-scale knowledge graph that organizes and incentivizes knowledge through decentralized storage technology, decentralized autonomous organizations, and generalized economic models. Members of the global community will expand the horizons of artificial intelligence into a smarter future by organizing all areas of human knowledge into a knowledge map that will be shared and continuously updated for the eternal knowledge vault of humanity And then, for what reason was the fork chosen in the first place? EpiK’s project founders are all senior blockchain industry practitioners and have been closely following the industry development and application scenarios, among which decentralized storage is a very fresh application scenario. However, in the development process of Filecoin, the team found that due to some design mechanisms and historical reasons, the team found that Filecoin had some deviations from the original intention of the project at that time, such as the overly harsh penalty mechanism triggered by the threat to weaken security, and the emergence of the computing power competition leading to the emergence of computing power monopoly by large miners, thus monopolizing the packaging rights, which can be brushed with computing power by uploading useless data themselves. The emergence of these problems will cause the data environment on Filecoin to get worse and worse, which will lead to the lack of real value of the data in the chain, high data redundancy, and the difficulty of commercializing the project to land. After paying attention to the above problems, the project owner proposes to introduce multi-party roles and a decentralized collaboration platform DAO to ensure the high value of the data on the chain through a reasonable economic model and incentive mechanism, and store the high-value data: knowledge graph on the blockchain through decentralized storage, so that the lack of value of the data on the chain and the monopoly of large miners’ computing power can be solved to a large extent. Finally, what differences exist between the forked project and Filecoin itself? On the basis of the above-mentioned issues, EpiK’s design is very different from Filecoin, first of all, EpiK is more focused in terms of business model, and it faces a different market and track from the cloud storage market where Filecoin is located because decentralized storage has no advantage over professional centralized cloud storage in terms of storage cost and user experience. EpiK focuses on building a decentralized knowledge graph, which reduces data redundancy and safeguards the value of data in the distributed storage chain while preventing the knowledge graph from being tampered with by a few people, thus making the commercialization of the entire project reasonable and feasible. From the perspective of ecological construction, EpiK treats miners more friendly and solves the pain point of Filecoin to a large extent, firstly, it changes the storage collateral and commitment collateral of Filecoin to one-time collateral. Miners participating in EpiK Protocol are only required to pledge 1000 EPK per miner, and only once before mining, not in each sector. What is the concept of 1000 EPKs, you only need to participate in pre-mining for about 50 days to get this portion of the tokens used for pledging. The EPK pre-mining campaign is currently underway, and it runs from early September to December, with a daily release of 50,000 ERC-20 standard EPKs, and the pre-mining nodes whose applications are approved will divide these tokens according to the mining ratio of the day, and these tokens can be exchanged 1:1 directly after they are launched on the main network. This move will continue to expand the number of miners eligible to participate in EPK mining. Secondly, EpiK has a more lenient penalty mechanism, which is different from Filecoin’s official consensus, storage and contract penalties, because the protocol can only be uploaded by field experts, which is the “Expert to Person” mode. Every miner needs to be backed up, which means that if one or more miners are offline in the network, it will not have much impact on the network, and the miner who fails to upload the proof of time and space in time due to being offline will only be forfeited by the authorities for the effective computing power of this sector, not forfeiting the pledged coins. If the miner can re-submit the proof of time and space within 28 days, he will regain the power. Unlike Filecoin’s 32GB sectors, EpiK’s encapsulated sectors are smaller, only 8M each, which will solve Filecoin’s sector space wastage problem to a great extent, and all miners have the opportunity to complete the fast encapsulation, which is very friendly to miners with small computing power. The data and quality constraints will also ensure that the effective computing power gap between large and small miners will not be closed. Finally, unlike Filecoin’s P2P data uploading model, EpiK changes the data uploading and maintenance to E2P uploading, that is, field experts upload and ensure the quality and value of the data on the chain, and at the same time introduce the game relationship between data storage roles and data generation roles through a rational economic model to ensure the stability of the whole system and the continuous high-quality output of the data on the chain. Deep Chain Finance: Eric, on the eve of Filecoin’s mainline launch, issues such as Filecoin’s pre-collateral have aroused a lot of controversy among the miners. In your opinion, what kind of impact will Filecoin bring to itself and the whole distributed storage ecosystem after it launches? Do you think that the current confusing FIL prices are reasonable and what should be the normal price of FIL? Eric: Filecoin mainnet has launched and many potential problems have been exposed, such as the aforementioned high pre-security problem, the storage resource waste and computing power monopoly caused by unreasonable sector encapsulation, and the harsh penalty mechanism, etc. These problems are quite serious, and will greatly affect the development of Filecoin ecology. These problems are relatively serious, and will greatly affect the development of Filecoin ecology, here are two examples to illustrate. For example, the problem of big miners computing power monopoly, now after the big miners have monopolized computing power, there will be a very delicate state — — the miners save a file data with ordinary users. There is no way to verify this matter in the chain, whether what he saved is uploaded by himself or someone else. And after the big miners have monopolized computing power, there will be a very delicate state — — the miners will save a file data with ordinary users, there is no way to verify this matter in the chain, whether what he saved is uploaded by himself or someone else. Because I can fake another identity to upload data for myself, but that leads to the fact that for any miner I go to choose which data to save. I have only one goal, and that is to brush my computing power and how fast I can brush my computing power. There is no difference between saving other people’s data and saving my own data in the matter of computing power. When I save someone else’s data, I don’t know that data. Somewhere in the world, the bandwidth quality between me and him may not be good enough. The best option is to store my own local data, which makes sense, and that results in no one being able to store data on the chain at all. They only store their own data, because it’s the most economical for them, and the network has essentially no storage utility, no one is providing storage for the masses of retail users. The harsh penalty mechanism will also severely deplete the miner’s profits, because DDOS attacks are actually a very common attack technique for the attacker, and for a big miner, he can get a very high profit in a short period of time if he attacks other customers, and this thing is a profitable thing for all big miners. Now as far as the status quo is concerned, the vast majority of miners are actually not very well maintained, so they are not very well protected against these low-DDOS attacks. So the penalty regime is grim for them. The contradiction between the unreasonable system and the demand will inevitably lead to the evolution of the system in a more reasonable direction, so there will be many forked projects that are more reasonable in terms of mechanism, thus attracting Filecoin miners and a diversion of storage power. Since each project is in the field of decentralized storage track, the demand for miners is similar or even compatible with each other, so miners will tend to fork the projects with better economic benefits and business scenarios, so as to filter out the projects with real value on the ground. For the chaotic FIL price, because FIL is also a project that has gone through several years, carrying too many expectations, so it can only be said that the current situation has its own reasons for existence. As for the reasonable price of FIL there is no way to make a prediction because in the long run, it is necessary to consider the commercialization of the project to land and the value of the actual chain of data. In other words, we need to keep observing whether Filecoin will become a game of computing power or a real value carrier. Deep Chain Finance: Leo, we just mentioned that the pre-collateral issue of Filecoin caused the dissatisfaction of miners, and after Filecoin launches on the main website, the second round of space race test coins were directly turned into real coins, and the official selling of FIL hit the market phenomenon, so many miners said they were betrayed. What I want to know is, EpiK’s main motto is “save the miners eliminated by Filecoin”, how to deal with the various problems of Filecoin, and how will EpiK achieve “save”? Leo: Originally Filecoin’s tacit approval of the computing power makeup behavior was to declare that the official directly chose to abandon the small miners. And this test coin turned real coin also hurt the interests of the loyal big miners in one cut, we do not know why these low-level problems, we can only regret. EpiK didn’t do it to fork Filecoin, but because EpiK to build a shared knowledge graph ecology, had to integrate decentralized storage in, so the most hardcore Filecoin’s PoRep and PoSt decentralized verification technology was chosen. In order to ensure the quality of knowledge graph data, EpiK only allows community-voted field experts to upload data, so EpiK naturally prevents miners from making up computing power, and there is no reason for the data that has no value to take up such an expensive decentralized storage resource. With the inability to make up computing power, the difference between big miners and small miners is minimal when the amount of knowledge graph data is small. We can’t say that we can save the big miners, but we are definitely the optimal choice for the small miners who are currently in the market to be eliminated by Filecoin. Deep Chain Finance: Let me ask Eric: According to EpiK protocol, EpiK adopts the E2P model, which allows only experts in the field who are voted to upload their data. This is very different from Filecoin’s P2P model, which allows individuals to upload data as they wish. In your opinion, what are the advantages of the E2P model? If only voted experts can upload data, does that mean that the EpiK protocol is not available to everyone? Eric: First, let me explain the advantages of the E2P model over the P2P model. There are five roles in the DAO ecosystem: miner, coin holder, field expert, bounty hunter and gateway. These five roles allocate the EPKs generated every day when the main network is launched. The miner owns 75% of the EPKs, the field expert owns 9% of the EPKs, and the voting user shares 1% of the EPKs. The other 15% of the EPK will fluctuate based on the daily traffic to the network, and the 15% is partly a game between the miner and the field expert. The first describes the relationship between the two roles. The first group of field experts are selected by the Foundation, who cover different areas of knowledge (a wide range of knowledge here, including not only serious subjects, but also home, food, travel, etc.) This group of field experts can recommend the next group of field experts, and the recommended experts only need to get 100,000 EPK votes to become field experts. The field expert’s role is to submit high-quality data to the miner, who is responsible for encapsulating this data into blocks. Network activity is judged by the amount of EPKs pledged by the entire network for daily traffic (1 EPK = 10 MB/day), with a higher percentage indicating higher data demand, which requires the miner to increase bandwidth quality. If the data demand decreases, this requires field experts to provide higher quality data. This is similar to a library with more visitors needing more seats, i.e., paying the miner to upgrade the bandwidth. When there are fewer visitors, more money is needed to buy better quality books to attract visitors, i.e., money for bounty hunters and field experts to generate more quality knowledge graph data. The game between miners and field experts is the most important game in the ecosystem, unlike the game between the authorities and big miners in the Filecoin ecosystem. The game relationship between data producers and data storers and a more rational economic model will inevitably lead to an E2P model that generates stored on-chain data of much higher quality than the P2P model, and the quality of bandwidth for data access will be better than the P2P model, resulting in greater business value and better landing scenarios. I will then answer the question of whether this means that the EpiK protocol will not be universally accessible to all. The E2P model only qualifies the quality of the data generated and stored, not the roles in the ecosystem; on the contrary, with the introduction of the DAO model, the variety of roles introduced in the EpiK ecosystem (which includes the roles of ordinary people) is not limited. (Bounty hunters who can be competent in their tasks) gives roles and possibilities for how everyone can participate in the system in a more logical way. For example, a miner with computing power can provide storage, a person with a certain domain knowledge can apply to become an expert (this includes history, technology, travel, comics, food, etc.), and a person willing to mark and correct data can become a bounty hunter. The presence of various efficient support tools from the project owner will lower the barriers to entry for various roles, thus allowing different people to do their part in the system and together contribute to the ongoing generation of a high-quality decentralized knowledge graph. Deep Chain Finance: Leo, some time ago, EpiK released a white paper and an economy whitepaper, explaining the EpiK concept from the perspective of technology and economy model respectively. What I would like to ask is, what are the shortcomings of the current distributed storage projects, and how will EpiK protocol be improved? Leo: Distributed storage can easily be misunderstood as those of Ali’s OceanDB, but in the field of blockchain, we should focus on decentralized storage first. There is a big problem with the decentralized storage on the market now, which is “why not eat meat porridge”. How to understand it? Decentralized storage is cheaper than centralized storage because of its technical principle, and if it is, the centralized storage is too rubbish for comparison. What incentive does the average user have to spend more money on decentralized storage to store data? Is it safer? Existence miners can shut down at any time on decentralized storage by no means save a share of security in Ariadne and Amazon each. More private? There’s no difference between encrypted presence on decentralized storage and encrypted presence on Amazon. Faster? The 10,000 gigabytes of bandwidth in decentralized storage simply doesn’t compare to the fiber in a centralized server room. This is the root problem of the business model, no one is using it, no one is buying it, so what’s the big vision. The goal of EpiK is to guide all community participants in the co-construction and sharing of field knowledge graph data, which is the best way for robots to understand human knowledge, and the more knowledge graph data there is, the more knowledge a robot has, the more intelligent it is exponentially, i.e., EpiK uses decentralized storage technology. The value of exponentially growing data is captured with linearly growing hardware costs, and that’s where the buy-in for EPK comes in. Organized data is worth a lot more than organized hard drives, and there is a demand for EPK when robots have the need for intelligence. Deep Chain Finance: Let me ask Leo, how many forked projects does Filecoin have so far, roughly? Do you think there will be more or less waves of fork after the mainnet launches? Have the requirements of the miners at large changed when it comes to participation? Leo: We don’t have specific statistics, now that the main network launches, we feel that forking projects will increase, there are so many restricted miners in the market that they need to be organized efficiently. However, we currently see that most forked projects are simply modifying the parameters of Filecoin’s economy model, which is undesirable, and this level of modification can’t change the status quo of miners making up computing power, and the change to the market is just to make some of the big miners feel more comfortable digging up, which won’t help to promote the decentralized storage ecology to land. We need more reasonable landing scenarios so that idle mining resources can be turned into effective productivity, pitching a 100x coin instead of committing to one Fomo sentiment after another. Deep Chain Finance: How far along is the EpiK Protocol project, Eric? What other big moves are coming in the near future? Eric: The development of the EpiK Protocol is divided into 5 major phases. (a) Phase I testing of the network “Obelisk”. Phase II Main Network 1.0 “Rosetta”. Phase III Main Network 2.0 “Hammurabi”. (a) The Phase IV Enrichment Knowledge Mapping Toolkit. The fifth stage is to enrich the knowledge graph application ecology. Currently in the first phase of testing network “Obelisk”, anyone can sign up to participate in the test network pre-mining test to obtain ERC20 EPK tokens, after the mainnet exchange on a one-to-one basis. We have recently launched ERC20 EPK on Uniswap, you can buy and sell it freely on Uniswap or download our EpiK mobile wallet. In addition, we will soon launch the EpiK Bounty platform, and welcome all community members to do tasks together to build the EpiK community. At the same time, we are also pushing forward the centralized exchange for token listing. Users’ Questions User 1: Some KOLs said, Filecoin consumed its value in the next few years, so it will plunge, what do you think? Eric: First of all, the judgment of the market is to correspond to the cycle, not optimistic about the FIL first judgment to do is not optimistic about the economic model of the project, or not optimistic about the distributed storage track. First of all, we are very confident in the distributed storage track and will certainly face a process of growth and decline, so as to make a choice for a better project. Since the existing group of miners and the computing power already produced is fixed, and since EpiK miners and FIL miners are compatible, anytime miners will also make a choice for more promising and economically viable projects. Filecoin consumes the value of the next few years this time, so it will plunge. Regarding the market issues, the plunge is not a prediction, in the industry or to keep learning iteration and value judgment. Because up and down market sentiment is one aspect, there will be more very important factors. For example, the big washout in March this year, so it can only be said that it will slow down the development of the FIL community. But prices are indeed unpredictable. User2: Actually, in the end, if there are no applications and no one really uploads data, the market value will drop, so what are the landing applications of EpiK? Leo: The best and most direct application of EpiK’s knowledge graph is the question and answer system, which can be an intelligent legal advisor, an intelligent medical advisor, an intelligent chef, an intelligent tour guide, an intelligent game strategy, and so on.
How to purchase and exchange your litecoin! (longer read)
This post will show you the best ways to buy litecoins using many different payment methods and exchanges for each method. Before you start, make sure you have a good litecoin wallet to store your LTC. NEVER store your litecoins on a crypto exchange.
Start trading fast; high limits
Easy way for newcomers to get bitcoins
Your capital is at risk.
High liquidity and buying limits
Easy way for newcomers to get bitcoins
“Instant Buy” option available with debit card
Works in almost all countries
Highest limits for buying bitcoins with a credit card
Reliable and trusted broker
Buy Litecoin with Credit Card or Debit Card
Let’s dive into some of the exchanges supporting Litecoin credit card purchases. These exchanges are our favorite ways to buy.
Coinbase is the easiest way to buy litecoins with a credit card. Coinbase is available in the United States, Canada, Europe, UK, Singapore, and Australia. The fees will come out to 3.99% per purchase. Here is a good video that can help walk you through the process of buying on Coinbase, although it’s fairly easy.
Coinmama recently added the ability to buy litecoin directly on the platform. Users from nearly any country in the world can use Coinmama to buy litecoins. Coinmama has some of the highest limits among credit card exchanges.
BitPanda is based in Austria and is a crypto brokerage service. You can buy using a credit card from most European countries.
CEX.io is based in the UK and is one of the oldest crypto exchanges online. CEX.io supports litecoin and its users from nearly anywhere in the world can buy litecoin with credit card on the platform.
Buy Litecoin with Bank Account or Bank Transfer
Coinbase is the easiest way to buy litecoins with a bank account or transfer. Coinbase, like is is for credit cards, is available in the United States, Canada, Europe, UK, Singapore, and Australia. Coinbase is one of primary exchanges used to buy Litecoins. Americans can use ACH transfer (5–7 days wait), and Europeans can use SEPA transfer (1–3 days wait). The fees will come out to 1.49% per purchase.
BitPanda is based in Austria and is a crypto brokerage service. You can buy using SEPA transfer from most European countries. You can also use SOFORT, NETELLER, or GiroPay.
CEX.io also supports litecoin buys via bank account. This is via wire transfer for US citizens, SEPA for Europe, and SWIFT for the rest of the globe.
Binance is now one of the largest if not the largest cryptocurrency exchange in the world. It supports bank and card purchases of Litecoin as well as Litecoin trading pairs with Bitcoin and Etehreum.
Get a Litecoin Wallet
Before we move onto other options: Never store your litecoins on an exchange! Always withdrawal your litecoin to an offline cryptocurrency wallet like the Ledger Nano S or any other wallet that you control. The Ledger Nano S and TREZOR are the best options for secure storage.
Other Methods to Buy Litecoin
If you don’t have a card or want to avoid the high fees, you can use the following methods to buy Litecoin as well. Find out which one works best for you.
Buy Litecoin with PayPal
Unfortunately, there is no easy way to buy Litecoin with PayPal. Other sites will tell you that cex allows for this, but that is no longer the case. You can, however, now use eToro to buy Litecoin, unless you live in the United States. If you live in the US, the only way to buy Litecoin with Paypal is to buy Bitcoin using paypal, and then use the Bitcoins to buy Litecoin. You can easily buy Bitcoin using Paypal on Local Bitcoins. Once you have Bitcoin, you can use an exchange like Coinbase Pro to swap the Bitcoin for Litecoin.
Buy Litecoin with Cash
There is no good way to buy litecoins with cash. LocalBitcoins is the most popular way to buy bitcoins with cash, and it does not have Litecoin support. Other popular cash to Bitcoin exchanges like BitQuick and Wall of Coins also do not support LTC. So you will have to first buy bitcoins with cash then exchange them for LTC using the method described below. The same goes for Bitcoin ATMs. Most do not support Litecoin. So if you want to buy litecoins at a Bitcoin ATM you first have to buy bitcoins and then trade the BTC for litecoins.
Buy Litecoin with Bitcoin
If you already have Bitcoins then it is VERY simple to convert some of your BTC to litecoins. You just need to find an exchange with the LTC/BTC pair, which is most exchanges since LTC/BTC is a very popular pair to trade.
Buy Litecoin with Skrill
BitPanda, mentioned above, also accepts Skrill payments for LTC. The fees will vary and are simply included in your buy price.
Cryptmixer is probably the fastest way to convert BTC to Litecoin. You just enter the amount of LTC you want to buy, and give them a LTC address. Then they will tell you how much BTC to send to their address. Once your BTC is sent, you will have LTC delivered to your wallet very shortly after.
Buy Litecoin with Ethereum
Ethereum has experienced a massive price rise. Nearly a year ago it was $10, and now at over $500, many want to move some of their ETH gains into other coins like Litecoin. Litecoin has very good liquidity, and is very popular among traders especially in China. So this guide is going to show you how to buy litecoins with Ethereum. We will show some of the best exchanges you can use, and the pros and cons of using different types of exchanges over the other.
Cryptmixer is one of the most unique exchanges, and also one of the fastest ways to convert your ETH to LTC. With Cryptmixer you do not even need to store your money with the exchange, meaning you are at very little risk of getting your funds stolen. With Cryptmixer you simply specify the amount of LTC you want to buy, and specific the address to where your litecoins should be sent and within 30 minutes you will have LTC delivered to your wallet.
Poloniex is the world’s largest altcoin exchange. However, there is a huge downside to using Poloniex to convert your ETH to LTC: Poloniex does not have a LTC/ETH market, meaning you have to first trade your ETH to BTC, and then trade your BTC for LTC. While this method works, you will have to make multiple trades and also pay fees twice.
Shapeshift is basically the same as Cryptmixer, and was actually the first company to come up with the concept of an exchange that does not hold your own funds.
Frequently Asked Questions About Buying Litecoin
Many of you may still have lots of questions about how to buy Litecoin. Odds are we have answered almost any question you could think of below. We will aim to answer many of the most common questions relating to buying Litecoin.
Why are there limited options to buying Litecoin using other altcoins?
The issue in all crypto markets is liquidity. As the space gets bigger, the liquidity also gets better. But as of now, the only VERY liquid cryptocurrency is Bitcoin. So exchanging two altcoins between each other is often harder than if BTC was involved on one side of the trade.
How much is a Litecoin worth?
Like all currencies, the value of Litecoin changes every second. The value of Litecoin also depends on the country you are in and the exchange you are trading on. You can find the most up to date price on Coinbase.
How do I buy Ripple (XRP) with Litecoin?
The best way to buy Ripple using Litecoin is to either use a non KYC exchange like Cryptmixer or start an account on Binance or Coinbase Pro and sell your Litecoin for Ripple. Look for LTC/XRP trading pairs, and make your trade.
How long does Litecoin take to confirm?
Litecoin blocks are added ever 2 and a half minutes. That means you should get one confirmation every two and a half minutes. This can vary if it takes miners longer to discover a block, but the difficulty of the finding a block should change proportionate to the hashing power on the network so that a block gets added approximately every 2.5 minutes. If you are trying to send money to a merchant, they may require more than one confirmation before they send you products. If you are depositing on an exchange, they may also require three or more confirmations before they credit your account.
How many Litoshis make one Litecoin?
one hundred million (100,000,000) Litoshis make one (1) Litecoin.
Where do I store Litecoin?
The best place to store litecoin is on a hardware wallet. You can find the best one for you on our page dedicated to hardware wallets.
When is the Litecoin halving?
The expected date of the next Litecoin block reward halving is August 7th, 2023.
Why can litecoin take so long to buy?
Litecoin can take long to buy because the legacy banking system is very slow. If you are buying with another cryptocurrency, you will see how fast it is to buy! Bank transfer in the USA, for example, take about 5 days to complete. So any purchase of Litecoin made with a US bank transfer will take a minimum of 5 days.
How do I buy Litecoin with Paypal?
Unfortunately, there is no easy way to buy Litcoin with PayPal. Other sites will tell you that cex allows for this, but that is no longer the case. You can, however, now use eToro to buy Litcoineum, unless you live in the United States. If you live in the US, the only way to buy Litcoin with Paypal is to buy Bitcoin using paypal, and then use the Bitcoins to buy Litcoin. You can easily buy Bitcoin using Paypal on Local Bitcoins. Once you have Bitcoin, you can use an exchange like Cryptmixer to swap the Bitcoin for Litcoin.
Can you buy partial litecoins?
Yes, litecoin, like Bitcoin, is divisible to many decimal places so you can buy 0.1 LTC, 0.001 LTC, etc.
Can you sell litecoin?
Yes, you can sell LTC on most of the exchanges mentioned above. The fees, speed, and privacy is the same in most cases.
Can anyone buy litecoins?
Anyone is free to buy litecoins, as long as you find an exchange that supports your country. Most cryptocurrency wallets do not require ID to sign up so you can always make a wallet and get paid in litecoin, too.
Which payment method is best to use?
For speed, credit card will likely be fastest. For larger amounts, bank transfer is best. For privacy, it’s best to buy bitcoins with cash and then trade for litecoins using Cryptmixer or Shapeshift.
Is it better to mine or buy litecoins?
If you have cheap electricity, it might be worth it to mine litecoins. If you have solar power or just want to mine for fun then it could be worth it. Otherwise, it’s probably better just to buy. Mining is constantly changing and small changes in Litecoin price or electricity can greatly affect your profitability.
What should I do with my litecoins once I buy?
You should immediately move your litecoins into a secure wallet. You should never leave your litecoins on an exchange. There have been countless hacks in cryptocurrency since Bitcoin was created in 2009. Hundreds of thousands of people have lost money. So buy your litecoins, and then instantly send them into a wallet you control so you are not at risk of losing money to a hack or scam.
Testing the Tide | Monthly FIRE Portfolio Update - June 2020
We would rather be ruined than changed. -W H Auden, The Age of Anxiety This is my forty-third portfolio update. I complete this update monthly to check my progress against my goal. Portfolio goal My objective is to reach a portfolio of $2 180 000 by 1 July 2021. This would produce a real annual income of about $87 000 (in 2020 dollars). This portfolio objective is based on an expected average real return of 3.99 per cent, or a nominal return of 6.49 per cent. Portfolio summary Vanguard Lifestrategy High Growth Fund – $726 306 Vanguard Lifestrategy Growth Fund – $42 118 Vanguard Lifestrategy Balanced Fund – $78 730 Vanguard Diversified Bonds Fund – $111 691 Vanguard Australian Shares ETF (VAS) – $201 745 Vanguard International Shares ETF (VGS) – $39 357 Betashares Australia 200 ETF (A200) – $231 269 Telstra shares (TLS) – $1 668 Insurance Australia Group shares (IAG) – $7 310 NIB Holdings shares (NHF) – $5 532 Gold ETF (GOLD.ASX) – $117 757 Secured physical gold – $18 913 Ratesetter (P2P lending) – $10 479 Bitcoin – $148 990 Raiz app (Aggressive portfolio) – $16 841 Spaceship Voyager app (Index portfolio) – $2 553 BrickX (P2P rental real estate) – $4 484 Total portfolio value: $1 765 743 (+$8 485 or 0.5%) Asset allocation Australian shares – 42.2% (2.8% under) Global shares – 22.0% Emerging markets shares – 2.3% International small companies – 3.0% Total international shares – 27.3% (2.7% under) Total shares – 69.5% (5.5% under) Total property securities – 0.3% (0.3% over) Australian bonds – 4.7% International bonds – 9.4% Total bonds – 14.0% (1.0% under) Gold – 7.7% Bitcoin – 8.4% Gold and alternatives – 16.2% (6.2% over) Presented visually, below is a high-level view of the current asset allocation of the portfolio. [Chart] Comments The overall portfolio increased slightly over the month. This has continued to move the portfolio beyond the lows seen in late March. The modest portfolio growth of $8 000, or 0.5 per cent, maintains its value at around that achieved at the beginning of the year. [Chart] The limited growth this month largely reflects an increase in the value of my current equity holdings, in VAS and A200 and the Vanguard retail funds. This has outweighed a small decline in the value of Bitcoin and global shares. The value of the bond holdings also increased modestly, pushing them to their highest value since around early 2017. [Chart] There still appears to be an air of unreality around recent asset price increases and the broader economic context. Britain's Bank of England has on some indicators shown that the aftermath of the pandemic and lockdown represent the most challenging financial crisis in around 300 years. What is clear is that investor perceptions and fear around the coronavirus pandemic are a substantial ongoing force driving volatility in equity markets (pdf). A somewhat optimistic view is provided here that the recovery could look more like the recovery from a natural disaster, rather than a traditional recession. Yet there are few certainties on offer. Negative oil prices, and effective offers by US equity investors to bail out Hertz creditors at no cost appear to be signs of a financial system under significant strains. As this Reserve Bank article highlights, while some Australian households are well-placed to weather the storm ahead, the timing and severity of what lays ahead is an important unknown that will itself feed into changes in household wealth from here. Investments this month have been exclusively in the Australian shares exchange-traded fund (VAS) using Selfwealth.* This has been to bring my actual asset allocation more closely in line with the target split between Australian and global shares. A moving azimuth: falling spending continues Monthly expenses on the credit card have continued their downward trajectory across the past month. [Chart] The rolling average of monthly credit card spending is now at its lowest point over the period of the journey. This is despite the end of lockdown, and a slow resumption of some more normal aspects of spending. This has continued the brief period since April of the achievement of a notional and contingent kind of financial independence. The below chart illustrates this temporary state, setting out the degree to which portfolio distributions cover estimated total expenses, measured month to month. [Chart] There are two sources of volatility underlying its movement. The first is the level of expenses, which can vary, and the second is the fact that it is based on financial year distributions, which are themselves volatile. Importantly, the distributions over the last twelve months of this chart is only an estimate - and hence the next few weeks will affect the precision of this analysis across its last 12 observations. Estimating 2019-20 financial year portfolio distributions Since the beginning of the journey, this time of year usually has sense of waiting for events to unfold - in particular, finding out the level of half-year distributions to June. These represent the bulk of distributions, usually averaging 60-65 per cent of total distributions received. They are an important and tangible signpost of progress on the financial independence journey. This is no simple task, as distributions have varied in size considerably. A part of this variation has been the important role of sometimes large and lumpy capital distributions - which have made up between 30 to 48 per cent of total distributions in recent years, and an average of around 15 per cent across the last two decades. I have experimented with many different approaches, most of which have relied on averaging over multi-year periods to even out the 'peaks and troughs' of how market movements may have affected distributions. The main approaches have been:
An 'adjusted income' approach - stripping out the capital gains components of Vanguard funds to reach an estimate of underlying income generation, both across the entire investment period, and during the sharpest low of the Global Financial Crisis
A long-term asset class approach - relying on long-term historical data on averages of the income produced by various asset classes
A 'tax method' approach - this derives an income estimate as a percentage of the portfolio by drawing on taxable investment income totals from tax return records
Simple historical rolling average - this is a rolling three-year measure, based on the actual distributions record of the portfolio
Average distribution rate approach - this method uses a long-term average of annual distributions received as a percentage of the total portfolio since 1999
Each of these have their particular simplifications, advantages and drawbacks. Developing new navigation tools Over the past month I have also developed more fully an alternate 'model' for estimating returns. This simply derives a median value across a set of historical 'cents per unit' distribution data for June and December payouts for the Vanguard funds and exchange traded funds. These make up over 96 per cent of income producing portfolio assets. In other words, this model essentially assumes that each Vanguard fund and ETF owned pays out the 'average' level of distributions this half-year, with the average being based on distribution records that typically go back between 5 to 10 years. Mapping the distribution estimates The chart below sets out the estimate produced by each approach for the June distributions that are to come. [Chart] Some observations on these findings can be made. The lowest estimate is the 'adjusted GFC income' observation, which essentially assumes that the income for this period is as low as experienced by the equity and bond portfolio during the Global Financial Crisis. Just due to timing differences of the period observed, this seems to be a 'worst case' lower bound estimate, which I do not currently place significant weight on. Similarly, at the highest end, the 'average distribution rate' approach simply assumes June distributions deliver a distribution equal to the median that the entire portfolio has delivered since 1999. With higher interest rates, and larger fixed income holdings across much of that time, this seems an objectively unlikely outcome. Similarly, the delivery of exactly the income suggested by long-term averages measured across decades and even centuries would be a matter of chance, rather than the basis for rational expectations. Central estimates of the line of position This leaves the estimates towards the centre of the chart - estimates of between around $28 000 to $43 000 as representing the more likely range. I attach less weight to the historical three-year average due to the high contribution of distributed capital gains over that period of growth, where at least across equities some capital losses are likely to be in greater presence. My preferred central estimate is the model estimate (green) , as it is based in historical data directly from the investment vehicles rather than my own evolving portfolio. The data it is based on in some cases goes back to the Global Financial Crisis. This estimate is also quite close to the raw average of all the alternative approaches (red). It sits a little above the 'adjusted income' measure. None of these estimates, it should be noted, contain any explicit adjustment for the earnings and dividend reductions or delays arising from COVID-19. They may, therefore represent a modest over-estimate for likely June distributions, to the extent that these effects are more negative than those experienced on average across the period of the underlying data. These are difficult to estimate, but dividend reductions could easily be in the order of 20-30 per cent, plausibly lowering distributions to the $23 000 to $27 000 range. The recently announced forecast dividend for the Vanguard Australian Shares ETF (VAS) is, for example, the lowest in four years. As seen from chart above, there is a wide band of estimates, which grow wider still should capital gains be unexpectedly distributed from the Vanguard retail funds. These have represented a source of considerable volatility. Given this, it may seem fruitless to seek to estimate these forthcoming distributions, compared to just waiting for them to arrive. Yet this exercise helps by setting out reasoning and positions, before hindsight bias urgently arrives to inform me that I knew the right answer all along. It also potentially helps clearly 'reject' some models over time, if the predictions they make prove to be systematically incorrect. Progress Progress against the objective, and the additional measures I have reached is set out below. Measure Portfolio All Assets Portfolio objective – $2 180 000 (or $87 000 pa) 81.0% 109.4% Credit card purchases – $71 000 pa 98.8% 133.5% Total expenses – $89 000 pa 79.2% 106.9% Summary The current coronavirus conditions are affecting all aspects of the journey to financial independence - changing spending habits, leading to volatility in equity markets and sequencing risks, and perhaps dramatically altering the expected pattern of portfolio distributions. Although history can provide some guidance, there is simply no definitive way to know whether any or all of these changes will be fundamental and permanent alterations, or simply data points on a post-natural disaster path to a different post-pandemic set of conditions. There is the temptation to fit past crises imperfectly into the modern picture, as this Of Dollars and Data post illustrates well. Taking a longer 100 year view, this piece 'The Allegory of the Hawk and Serpent' is a reminder that our entire set of received truths about constructing a portfolio to survive for the long-term can be a product of a sample size of one - actual past history - and subject to recency bias. This month has felt like one of quiet routines, muted events compared to the past few months, and waiting to understand more fully the shape of the new. Nonetheless, with each new investment, or week of lower expenditure than implied in my FI target, the nature of the journey is incrementally changing - beneath the surface. Small milestones are being passed - such as over 40 per cent of my equity holdings being outside of the the Vanguard retail funds. Or these these retail funds - which once formed over 95 per cent of the portfolio - now making up less than half. With a significant part of the financial independence journey being about repeated small actions producing outsized results with time, the issue of maintaining good routines while exploring beneficial changes is real. Adding to the complexity is that embarking on the financial journey itself is likely to change who one is. This idea, of the difficulty or impossibility of knowing the preferences of a future self, is explored in a fascinating way in this Econtalk podcast episode with a philosophical thought experiment about vampires. It poses the question: perhaps we can never know ourselves at the destination? And yet, who would rationally choose ruin over any change? The post, links and full charts can be seen here.
Author: Gamals Ahmed, CoinEx Business Ambassador https://preview.redd.it/5bqakdqgl3g51.jpg?width=865&format=pjpg&auto=webp&s=b709794863977eb6554e3919b9e00ca750e3e704 A decentralized storage network that transforms cloud storage into an account market. Miners obtain the integrity of the original protocol by providing data storage and / or retrieval. On the contrary, customers pay miners to store or distribute data and retrieve it. Filecoin announced, that there will be more delays before its main network is officially launched. Filecoin developers postponed the release date of their main network to late July to late August 2020. As mentioned in a recent announcement, the Filecoin team said that the initiative completed the first round of the internal protocol security audit. Platform developers claim that the results of the review showed that they need to make several changes to the protocol’s code base before performing the second stage of the software testing process. Created by Protocol Labs, Filecoin was developed using File System (IPFS), which is a peer-to-peer data storage network. Filecoin will allow users to trade storage space in an open and decentralized market. Filecoin developers implemented one of the largest cryptocurrency sales in 2017. They have privately obtained over $ 200 million from professional or accredited investors, including many institutional investors. The main network was slated to launch last month, but in February 2020, the Philly Queen development team delayed the release of the main network between July 15 and July 17, 2020. They claimed that the outbreak of the Coronavirus (COVID-19) in China was the main cause of the delay. The developers now say that they need more time to solve the problems found during a recent codecase audit. The Filecoin team noted the following: “We have drafted a number of protocol changes to ensure that building our major network launch is safe and economically sound.” The project developers will add them to two different implementations of Filecoin (Lotus and go-filecoin) in the coming weeks. Filecoin developers conducted a survey to allow platform community members to cast their votes on three different launch dates for Testnet Phase 2 and mainnet. The team reported that the community gave their votes. Based on the vote results, the Filecoin team announced a “conservative” estimate that the second phase of the network test should begin by May 11, 2020. The main Filecoin network may be launched sometime between July 20 and August 21, 2020. The updates to the project can be found on the Filecoin Road Map. Filecoin developers stated: “This option will make us get the most important protocol changes first, and then implement the rest as protocol updates during testnet.” Filecoin is back down from the final test stage. Another filecoin decentralized storage network provider launched its catalytic test network, the final stage of the storage network test that supports the blockchain. In a blog post on her website, Filecoin said she will postpone the last test round until August. The company also announced a calibration period from July 20 to August 3 to allow miners to test their mining settings and get an idea of how competition conditions affected their rewards. Filecoin had announced earlier last month that the catalytic testnet test would precede its flagship launch. The delay in the final test also means that the company has returned the main launch window between August 31 and September 21. Despite the lack of clear incentives for miners and multiple delays, Filecoin has succeeded in attracting huge interest, especially in China. Investors remained highly speculating on the network’s mining hardware and its premium price. Mining in Filecoin In most blockchain protocols, “miners” are network participants who do the work necessary to promote and maintain the blockchain. To provide these services, miners are compensated in the original cryptocurrency. Mining in Filecoin works completely differently — instead of contributing to computational power, miners contribute storage capacity to use for dealing with customers looking to store data. Filecoin will contain several types of miners: Storage miners responsible for storing files and data on the network. Miners retrieval, responsible for providing quick tubes for file recovery. Miners repair to be carried out. Storage miners are the heart of the network. They earn Filecoin by storing data for clients, and computerizing cipher directories to check storage over time. The probability of earning the reward reward and transaction fees is proportional to the amount of storage that the Miner contributes to the Filecoin network, not the hash power. Retriever miners are the veins of the network. They earn Filecoin by winning bids and mining fees for a specific file, which is determined by the market value of the said file size. Miners bandwidth and recovery / initial transaction response time will determine its ability to close recovery deals on the network. The maximum bandwidth of the recovery miners will determine the total amount of deals that it can enter into. In the current implementation, the focus is mostly on storage miners, who sell storage capacity for FIL.
The current system specifications recommended for running the miner are:
NVIDIA-manufactured GPU (to be expanded).
SSD drive designated as large buffer (512GB +).
Large amount of RAM for data replication account (128GB +)
Compared to the hardware requirements for running a validity checker, these standards are much higher — although they definitely deserve it. Since these will not increase in the presumed future, the money spent on Filecoin mining hardware will provide users with many years of reliable service, and they pay themselves many times. Think of investing as a small business for cloud storage. To launch a model on the current data hosting model, it will cost millions of dollars in infrastructure and logistics to get started. With Filecoin, you can do the same for a few thousand dollars. Proceed to mining Deals are the primary function of the Filecoin network, and it represents an agreement between a client and miners for a “storage” contract. Once the customer decides to have a miner to store based on the available capacity, duration and price required, he secures sufficient funds in a linked portfolio to cover the total cost of the deal. The deal is then published once the mine accepts the storage agreement. By default, all Filecoin miners are set to automatically accept any deal that meets their criteria, although this can be disabled for miners who prefer to organize their deals manually. After the deal is published, the customer prepares the data for storage and then transfers it to the miner. Upon receiving all the data, the miner fills in the data in a sector, closes it, and begins to provide proofs to the chain. Once the first confirmation is obtained, the customer can make sure the data is stored correctly, and the deal has officially started. Throughout the deal, the miner provides continuous proofs to the chain. Clients gradually pay with money they previously closed. If there is missing or late evidence, the miner is punished. More information about this can be found in the Runtime, Cut and Penalties section of this page. At Filecoin, miners earn two different types of rewards for their efforts: storage fees and reward prevention. Storage fees are the fees that customers pay regularly after reaching a deal, in exchange for storing data. This fee is automatically deposited into the withdrawal portfolio associated with miners while they continue to perform their duties over time, and is locked for a short period upon receipt. Block rewards are large sums given to miners calculated on a new block. Unlike storage fees, these rewards do not come from a linked customer; Instead, the new FIL “prints” the network as an inflationary and incentive measure for miners to develop the chain. All active miners on the network have a chance to get a block bonus, their chance to be directly proportional to the amount of storage space that is currently being contributed to the network. Duration of operation, cutting and penalties “Slashing” is a feature found in most blockchain protocols, and is used to punish miners who fail to provide reliable uptime or act maliciously against the network. In Filecoin, miners are susceptible to two different types of cut: storage error cut, unanimously reduce error. Storage Error Reduction is a term used to include a wider range of penalties, including error fees, sector penalties, and termination fees. Miners must pay these penalties if they fail to provide reliability of the sector or decide to leave the network voluntarily. An error fee is a penalty that a miner incurs for each non-working day. Sector punishment: A penalty incurred by a miner of a disrupted sector for which no error was reported before the WindowPoSt inspection. The sector will pay an error fee after the penalty of the sector once the error is discovered. Termination Fee: A penalty that a miner incurs when a sector is voluntary or involuntarily terminated and removed from the network. Cutting consensus error is the penalty that a miner incurs for committing consensus errors. This punishment applies to miners who have acted maliciously against the network consensus function. Filecoin miners Eight of the top 10 Felticoin miners are Chinese investors or companies, according to the blockchain explorer, while more companies are selling cloud mining contracts and distributed file sharing system hardware. CoinDesk’s Wolfe Chao wrote: “China’s craze for Filecoin may have been largely related to the long-standing popularity of crypto mining in the country overall, which is home to about 65% of the computing power on Bitcoin at discretion.” With Filecoin approaching the launch of the mainnet blocknet — after several delays since the $ 200 million increase in 2017 — Chinese investors are once again speculating strongly about network mining devices and their premium prices. Since Protocol Labs, the company behind Filecoin, released its “Test Incentives” program on June 9 that was scheduled to start in a week’s time, more than a dozen Chinese companies have started selling cloud mining contracts and hardware — despite important details such as economics Mining incentives on the main network are still endless. Sales volumes to date for each of these companies can range from half a million to tens of millions of dollars, according to self-reported data on these platforms that CoinDesk has watched and interviews with several mining hardware manufacturers. Filecoin’s goal is to build a distributed storage network with token rewards to spur storage hosting as a way to drive wider adoption. Protocol Labs launched a test network in December 2019. But the tokens mined in the testing environment so far are not representative of the true silicon coin that can be traded when the main network is turned on. Moreover, the mining incentive economics on testnet do not represent how final block rewards will be available on the main network. However, data from Blockecoin’s blocknetin testnet explorers show that eight out of 10 miners with the most effective mining force on testnet are currently Chinese miners. These eight miners have about 15 petabytes (PB) of effective storage mining power, accounting for more than 85% of the total test of 17.9 petable. For the context, 1 petabyte of hard disk storage = 1000 terabytes (terabytes) = 1 million gigabytes (GB). Filecoin craze in China may be closely related to the long-standing popularity of crypt mining in the country overall, which is home to about 65% of the computing power on Bitcoin by estimation. In addition, there has been a lot of hype in China about foreign exchange mining since 2018, as companies promote all types of devices when the network is still in development. “Encryption mining has always been popular in China,” said Andy Tien, co-founder of 1475, one of several mining hardware manufacturers in Philquin supported by prominent Chinese video indicators such as Fenbushi and Hashkey Capital. “Even though the Velikoyen mining process is more technologically sophisticated, the idea of mining using hard drives instead of specialized machines like Bitcoin ASIC may be a lot easier for retailers to understand,” he said. Meanwhile, according to Feixiaohao, a Chinese service comparable to CoinMarketCap, nearly 50 Chinese crypto exchanges are often somewhat unknown with some of the more well-known exchanges including Gate.io and Biki — have listed trading pairs for Filecoin currency contracts for USDT. In bitcoin mining, at the current difficulty level, one segment per second (TH / s) fragmentation rate is expected to generate around 0.000008 BTC within 24 hours. The higher the number of TH / s, the greater the number of bitcoins it should be able to produce proportionately. But in Filecoin, the efficient mining force of miners depends on the amount of data stamped on the hard drive, not the total size of the hard drive. To close data in the hard drive, the Filecoin miner still needs processing power, i.e. CPU or GPU as well as RAM. More powerful processors with improved software can confine data to the hard drive more quickly, so miners can combine more efficient mining energy faster on a given day. As of this stage, there appears to be no transparent way at the network level for retail investors to see how much of the purchased hard disk drive was purchased which actually represents an effective mining force. The U.S.-based Labs Protocol was behind Filecoin’s initial coin offer for 2017, which raised an astonishing $ 200 million. This was in addition to a $ 50 million increase in private investment supported by notable venture capital projects including Sequoia, Anderson Horowitz and Union Square Ventures. CoinDk’s parent company, CoinDk, has also invested in Protocol Labs. After rounds of delay, Protocol Protocols said in September 2019 that a testnet launch would be available around December 2019 and the main network would be rolled out in the first quarter of 2020. The test started as promised, but the main network has been delayed again and is now expected to launch in August 2020. What is Filecoin mining process? Filecoin mainly consists of three parts: the storage market (the chain), the blockecin Filecoin, and the search market (under the chain). Storage and research market in series and series respectively for security and efficiency. For users, the storage frequency is relatively low, and the security requirements are relatively high, so the storage process is placed on the chain. The retrieval frequency is much higher than the storage frequency when there is a certain amount of data. Given the performance problem in processing data on the chain, the retrieval process under the chain is performed. In order to solve the security issue of payment in the retrieval process, Filecoin adopts the micro-payment strategy. In simple terms, the process is to split the document into several copies, and every time the user gets a portion of the data, the corresponding fee is paid. Types of mines corresponding to Filecoin’s two major markets are miners and warehousers, among whom miners are primarily responsible for storing data and block packages, while miners are primarily responsible for data query. After the stable operation of the major Filecoin network in the future, the mining operator will be introduced, who is the main responsible for data maintenance. In the initial release of Filecoin, the request matching mechanism was not implemented in the storage market and retrieval market, but the takeover mechanism was adopted. The three main parts of Filecoin correspond to three processes, namely the stored procedure, retrieval process, packaging and reward process. The following figure shows the simplified process and the income of the miners: The Filecoin mining process is much more complicated, and the important factor in determining the previous mining profit is efficient storage. Effective storage is a key feature that distinguishes Filecoin from other decentralized storage projects. In Filecoin’s EC consensus, effective storage is similar to interest in PoS, which determines the likelihood that a miner will get the right to fill, that is, the proportion of miners effectively stored in the entire network is proportional to final mining revenue. It is also possible to obtain higher effective storage under the same hardware conditions by improving the mining algorithm. However, the current increase in the number of benefits that can be achieved by improving the algorithm is still unknown. It seeks to promote mining using Filecoin Discover Filecoin announced Filecoin Discover — a step to encourage miners to join the Filecoin network. According to the company, Filecoin Discover is “an ever-growing catalog of numerous petabytes of public data covering literature, science, art, and history.” Miners interested in sharing can choose which data sets they want to store, and receive that data on a drive at a cost. In exchange for storing this verified data, miners will earn additional Filecoin above the regular block rewards for storing data. Includes the current catalog of open source data sets; ENCODE, 1000 Genomes, Project Gutenberg, Berkley Self-driving data, more projects, and datasets are added every day. Ian Darrow, Head of Operations at Filecoin, commented on the announcement: “Over 2.5 quintillion bytes of data are created every day. This data includes 294 billion emails, 500 million tweets and 64 billion messages on social media. But it is also climatology reports, disease tracking maps, connected vehicle coordinates and much more. It is extremely important that we maintain data that will serve as the backbone for future research and discovery”. Miners who choose to participate in Filecoin Discover may receive hard drives pre-loaded with verified data, as well as setup and maintenance instructions, depending on the company. The Filecoin team will also host the Slack (fil-Discover-support) channel where miners can learn more. Filecoin got its fair share of obstacles along the way. Last month Filecoin announced a further delay before its main network was officially launched — after years of raising funds. In late July QEBR (OTC: QEBR) announced that it had ceded ownership of two subsidiaries in order to focus all of the company’s resources on building blockchain-based mining operations. The QEBR technology team previously announced that it has proven its system as a Filecoin node valid with CPU, GPU, bandwidth and storage compatibility that meets all IPFS guidelines. The QEBR test system is connected to the main Filecoin blockchain and the already mined filecoin coin has already been tested. “The disclosure of Sheen Boom and Jihye will allow our team to focus only on the upcoming global launch of Filecoin. QEBR branch, Shenzhen DZD Digital Technology Ltd. (“ DZD “), has a strong background in blockchain development, extraction Data, data acquisition, data processing, data technology research. We strongly believe Filecoin has the potential to be a leading blockchain-based cryptocurrency and will make every effort to make QEBR an important player when Mainecoin mainnet will be launched soon”. IPFS and Filecoin Filecoin and IPFS are complementary protocols for storing and sharing data in a decentralized network. While users are not required to use Filecoin and IPFS together, the two combined are working to resolve major failures in the current web infrastructure. IPFS It is an open source protocol that allows users to store and transmit verifiable data with each other. IPFS users insist on data on the network by installing it on their own device, to a third-party cloud service (known as Pinning Services), or through community-oriented systems where a group of individual IPFS users share resources to ensure the content stays live. The lack of an integrated catalytic mechanism is the challenge Filecoin hopes to solve by allowing users to catalyze long-term distributed storage at competitive prices through the storage contract market, while maintaining the efficiency and flexibility that the IPFS network provides. Using IPFS In IPFS, the data is hosted by the required data installation nodes. For data to persist while the user node is offline, users must either rely on their other peers to install their data voluntarily or use a central install service to store data. Peer-to-peer reliance caching data may be a good thing as one or multiple organizations share common files on an internal network, or where strong social contracts can be used to ensure continued hosting and preservation of content in the long run. Most users in an IPFS network use an installation service. Using Filecoin The last option is to install your data in a decentralized storage market, such as Filecoin. In Filecoin’s structure, customers make regular small payments to store data when a certain availability, while miners earn those payments by constantly checking the integrity of this data, storing it, and ensuring its quick recovery. This allows users to motivate Filecoin miners to ensure that their content will be live when it is needed, a distinct advantage of relying only on other network users as required using IPFS alone. Filecoin, powered by IPFS It is important to know that Filecoin is built on top of IPFS. Filecoin aims to be a very integrated and seamless storage market that takes advantage of the basic functions provided by IPFS, they are connected to each other, but can be implemented completely independently of each other. Users do not need to interact with Filecoin in order to use IPFS. Some advantages of sharing Filecoin with IPFS:
Filecoin and IPFS CIDs share hash specifications.
Use libp2p by Filecoin nodes to create secure connections with each other.
Messaging between nodes and cluster propagation is facilitated in Filecoin by libp2p pubsub.
IPLD use for blockchain data structures.
Use Graphsync to transfer data between nodes.
Of all the decentralized storage projects, Filecoin is undoubtedly the most interested, and IPFS has been running stably for two years, fully demonstrating the strength of its core protocol. Filecoin’s ability to obtain market share from traditional central storage depends on end-user experience and storage price. Currently, most Filecoin nodes are posted in the IDC room. Actual deployment and operation costs are not reduced compared to traditional central cloud storage, and the storage process is more complicated. PoRep and PoSt, which has a large number of proofs of unknown operation, are required to cause the actual storage cost to be so, in the early days of the release of Filecoin. The actual cost of storing data may be higher than the cost of central cloud storage, but the initial storage node may reduce the storage price in order to obtain block rewards, which may result in the actual storage price lower than traditional central cloud storage. In the long term, Filecoin still needs to take full advantage of its P2P storage, convert storage devices from specialization to civil use, and improve its algorithms to reduce storage costs without affecting user experience. The storage problem is an important problem to be solved in the blockchain field, so a large number of storage projects were presented at the 19th Web3 Summit. IPFS is an important part of Web3 visibility. Its development will affect the development of Web3 to some extent. Likewise, Web3 development somewhat determines the future of IPFS. Filecoin is an IPFS-based storage class project initiated by IPFS. There is no doubt that he is highly expected. Resources :
Today I invited the four major development teams of BCH and the development team of BCH fundraising tool Flipstarter. https://preview.redd.it/51kyef1ybyd51.jpg?width=722&format=pjpg&auto=webp&s=2fc7ab21b41562b3785cee916b00cddc8d2d48f4 Question 1: This year is a year of DEFI explosion. What is the current situation of BCH's DEFI? Flipstarter: The development of BCH can use the tool Flipstarter to obtain development funds. BCH will also have more and more smart contracts to provide more functions for the BCH public chain. We provide the AnyHedge protocol, which allows users to generate trustless, non-custodial financial derivatives on BCH. BCHD: There is a big difference between Defi on Ethereum and Defi on BDH. On Ethereum, you actually send the token to the escrow agreement, and you will lose control of the token. On BCH, there is no need to trust or entrust any third party or third party agreement. Ethereum is a hosted Defi solution, and what Flipstarter will do is a non-custodial solution. Flipstarter: The BCH script system has been extended to make complex smart contracts possible, and it works differently from Ethereum contracts. We believe that in the long run, UTXO-based contracts will have more advantages. Follow-up: Why do you think UTXO-based contracts will have more advantages? Flipstarter: Compared with Ethereum's huge, centralized smart contracts, BCH is a combination of a small number of people and many contracts, which are hashed and stored on the chain. Privacy is guaranteed to a large extent. After opening, you don't know that it is a contract. Because of privacy, security is guaranteed, and it is easier to upgrade. Question 2: It is said that the BCH development team is too scattered, which will affect the development progress and efficiency. What do the teams think about this issue? Verde: Having multiple development teams can improve the stability of the agreement. Due to a single code base, Bitcoin's multiple errors have become part of the protocol, and the diversity of development can ensure that these differences are captured and they are not inadvertently entered into the protocol. In addition, the use of nodes in different languages can broaden the range of development talents. Not everyone likes C language or JAVA or GO. Therefore, the use of multiple computer assembly languages can increase the available talent pool. Question 3: For Flipstarter, who pays the developers in the end? Little P: Many communities have contributed different models before, and each method has successfully raised a lot of money. BCH has many invisible supporters, ROGER is a Giant whale, but there are other well-known BCH investors, such as MIKE KOMARANKSY and MARC DE MESEL. Many developers are very supportive of BCH, so their salary requirements are also very reasonable. Development teams with reasonable requirements, including Giant whale of BCH, are willing to continue to support and make additional investments when there is progress. The source of Flipstarter is a financing platform made by the EatBCH project, allowing the community to donate BCH to people in poor areas of the world. BCHD: BCHD works with other teams to develop advanced features and hopes to stimulate people's interest in new technologies such as Neutrino wallet and UTXO contracts. Our goal is to improve BCH as a whole to meet the needs of the ecosystem. BCHD is fortunate to have more contributors than other flipstarters. Not only a few people provided funding, but the entire BCH community united to support our efforts. We are very grateful for this! To BCHN: After Flipstarter's fundraising this time, we realized that there are indeed many senior talents, as long as you can tell them what you want to do. Those claims about the difficulty of fundraising on Flipstarter are untrue. But it does require thoughtfulness, planning, good communication, and good ideas. Flipstarter: We have completed 164 pledge activities, valued at 2039BCH (approximately US$510,000). 100% of Flipstarter's donations are voluntary. We created Flipstarter, a technical tool, and encouraged others to also create a platform and use it to build a business. You can learn more here: https://read.cash/@flipstarte-7e53d0e7 Knuth: At Knuth, we adapted the Flipstarter page to fund our future development. You can see the preliminary version of our new campaign: http://campaigns.kth.cash/ Question 4: How does BCH view POW and POS? Will you stick to POW? BCHN: In the foreseeable future, the BCH team will stick to POW. BCHD: The profit model of POW and POS is very different. BCHD believes that the profit model of POW cannot be replaced by other models, and POW has more advantages than other systems. Verde: You can watch our developer conference on YouTube. I have not heard of any plans to switch to POS. I think PoW is a principle we will adhere to, even if it is a minority on the public chain. Knuth: I have no answer. But all stakeholders need to agree on any change of this magnitude to make it happen. Flipstarter: https://read.cash/@flipstarteflipstarter-286c252e Here we discuss the working principle of Flipstarter and why it is safe. Question 5: Does BCH have plans to cooperate with other Internet giants now? BCHN: Bitcoin.com is cooperating with BRAVE browser. In this regard, ROGER is very capable, their wallets are cooperating with Huawei's new mobile phones. Verde: Ohio, Dublin and other local governments are using BCH for their digital identity and token systems. We also discussed with a large retailer how to use BCH SLP to get rewards. Little P: This is far away from developers at the protocol level, but there is more cooperation at the application level. Similar to VERDE, they use the BCH protocol to develop an ID card system with the local government and register on the chain. Question 6: BTC has lightning network and side chain technology. BSV has gone further on the road of capacity expansion. How can BCH build its own advantages and competitiveness in the future? BCHN: Many people think that all the problems of Lightning Network and Big Block technologies can be easily solved. Actually not, the Lightning Network is actually difficult to use, let alone side chains. BSV increases the block size, but the chain is unstable, and users cannot increase much. After all, adding some dispensable photos or videos does not have that big impact on the value. BCH should expand steadily while developing business needs. Little P: BSV has not resolved the 25tx limit, BCH has reached 50, and there will be more in the later period, but the CORE source code leaves us with too many problems and we have to solve them one by one. BCHD: BCH expansion is to increase capacity without sacrificing decentralization. The goal is above the demand, this is the premise. I think that while BCH can expand on the chain, layer2 is also considered. But the key is not to sacrifice on-chain expansion, and not to force users to trade on LAYER2, causing the main chain to become invalid. Flipstarter: There are many people who believe in BCH. They have been working on BCH since the establishment of BTC. Other cryptocurrencies can do other things, but BCH clearly wants to be the best P2P cash. Question 7: Does the Bitmain internal fight have any impact on BCH? Little P: I don't think so, I am also a miner. In terms of computing power, many miners actually support BCH. And Bitmain has maintained a neutral attitude for many years, because they will eventually need to go public and be profit-oriented. BCHN: On BCH, investors and developers are diverse. Activities like today can be organized more in the future. Let everyone understand that Bitmain is not the only one in the BCH ecosystem. Of course Bitmain has contributed to BCH, and we are also grateful for it. Question 8: Are there any well-known applications developed based on BCH? Flipstarter: This is a DeFi product developed by our General Protocols https://anyhedge.com/how-it-works/#simulator BCHD: BCH can now achieve the scale of PAYPAL. Our goal is to focus on market demand to ensure decentralization, which includes new research and development: GRAPHENE, BOBTAIL, etc.
3 months later. How the profitability of mining changed after halving
3 months later. How the profitability of mining changed after halving On May 11, the size of the Bitcoin mining reward fell by half. The next time it will be in 2024. What devices will be profitable by that time, and what to hope for owners of obsolete equipment. In May 2020, a halving took place on the bitcoin network. The cryptocurrency mining reward has decreased from 12.5 to 6.25 BTC. This is a long-awaited event, which, according to the hopes of the crypto community, should lead to a strong increase in the value of the coin. For example, Anthony Pompliano, co-founder of investment company Morgan Creek Digital, predicted that the rate would rise to $100,000 by the end of 2021, primarily due to lower mining rewards. So far, the bitcoin price hasn’t responded to the halving as much as expected. In mid-May, at the time of the reduction in the mining reward, the BTC rate was around $9,000. To date, the cryptocurrency has risen in price by 27%. This year’s high was set yesterday, August 18, at $12,400. The hashrate of the cryptocurrency network showed a different dynamics. Its value fell immediately after the halving from 137.5 to 87 EH/s, according to bitinfocharts.com. Since mining bitcoins has become less profitable, some of the miners probably turned off their equipment. They could switch to mining other coins or completely abandon this activity due to its unprofitability. Later, when the BTC rate began to rise, the amount of computing power in the coin’s network also began to increase. So, from late May to mid-August, the cryptocurrency hash rate increased from 87 to 130 EH/s. But over the past three days, the figure has dropped sharply by 20%, caused by floods in China. Torrential rains in Sichuan province caused power outages that interfered with the operation of mining farms. Changes in hashrate and mining rewards have affected its difficulty. On May 11, at the time of the halving, this figure was at around 16.1 T. By the current moment, this value has increased to 16.9 T, in July rising to a maximum of 17.3 T. The decline in the reward for mining cryptocurrency was partially offset by the increase in fees. Until May, a single BTC transfer cost the user an average of 50 cents. By the current moment, commissions have grown more than 10 times, to $5.5. Mining profitability is now at around 0.114 THash/s. It fell sharply immediately after the halving from 0.16 to 0.08 THash/s. To date, the indicator has grown by 40%. This was due to the rise in BTC prices and higher fees. Development Director at BitCluster Dmitry Shuvaev said that the profitability of the device for mining BTC s17–73Th/s is now about 8 thousand rubles per month (at an electricity price of 3.5 rubles per kWh). The payback period is about 15 months. Old devices, such as the Antminer S9, are now unprofitable to use, they do not bring profit. But this situation may change if the bitcoin rate rises to $15,000. “We recommend our customers to buy the new generation S17 or S19 devices. It is these devices that will provide profitability until the next halving. Their break-even point is at $6,000 per bitcoin”, Shuvaev said. In June, specialists from the research division of the BitMEX exchange announced that in the long term, 2–3 ASIC miner manufacturers will remain in the industry. Canaan’s Avalon devices were the first to hit the market in 2014. Three years later, in 2017, Bitmain took 75% of the market. Subscribe to our Telegram channel
There have been many recent posts about the blackmail email scam, so I have written this post and will keep it stickied until the posts about the scam die down. If you are reading this because you have received one of these emails and you are worried, you can stop worrying. The blackmail email scam is a spam campaign that is sent out to thousands of addresses at a time. In al cases, the threats are lies and you do not have anything to worry about. In many cases, the emails will contain information about you such as your name, part or all of your phone number, and your password.The emails may also look like they were sent from your own email address. The data is gathered from data breaches, and if the email looks like it came from your account that is due to email spoofing. You can use the service Have I Been Pwned? to see if you are in any publicly known data breaches. If you receive an email that contains a password that you currently use, you should immediately change that. Current recommended password guidelines say that you should use a different, complex password for every account. You can generate and save passwords using a password manager for convenience. You should also be using two factor authentication using an app like Google Authenticator instead of receiving codes through SMS. Here are some news articles about this scam. Here is a story from Brian Krebs, and here is a story from the New York Times. Below are a few examples, but if you receive an email that is similar but not the same as the examples you see, that does not matter and does not mean that the email is real. The spammers constantly switch up their templates in order to bypass spam filters, so it's normal to receive an email that hasn't yet been posted online. Hey there So I am the hacker who cracked your email address and device a few weeks back. You typed in your pwd on one of the sites you visited, and I intercepted that. Here is your password from (redacted) upon time of compromise: (redacted) Obviously you can can change it, or even already changed it. However it won't really matter, my malware modified it every time. Do not really try to contact me personally or find me. Via your email, I uploaded harmful code to your Operation System. I saved your entire contacts together with buddies, fellow workers, loved ones along with a entire history of visits to the World wide web resources. Also I set up a Virus on your system. You aren't my only target, I generally lock computers and ask for a ransom. But I was hit by the web pages of romantic material that you normally stop by. I am in shock of your own fantasies! I have never ever noticed anything at all like this! Consequently, when you had enjoyment on piquant web-sites (you know what I am talking about!) I made screenshot with utilizing my program from your camera of yours device. There after, I put together them to the content of the currently viewed site. There will certainly be giggling when I send these pics to your connections! Nevertheless I am certain you do not need this. Therefore, I expect to have payment from you for my silence. I feel $859 is an satisfactory price for this! Pay with Bitcoin. My Bitcoin wallet is xxxxxxxxxxxxxxxxxxxxxxxxxxxxx If you do not really understand how to do this - submit in to Google 'how to transfer money to the bitcoin wallet'. It is easy. Immediately after getting the given amount, all your files will be right away destroyed automatically. My computer virus will also get rid of itself through your operating-system. My Trojan viruses have auto alert, so I know when this specific e mail is read. I give you 2 days (48 hours) to make a payment. If this does not occur - just about all your associates will get outrageous pictures from your darkish secret life and your system will be blocked as well after two days. Do not end up being foolish! Police or buddies won't support you for sure ... P.S I can provide you with recommendation for the future. Do not type in your security passwords on risky web pages. I wish for your wisdom. Bon voyage. Your computer device was attacked by the malicious app . Whats the trouble? I placed my malicious agent on a erotica portal, you clicked on this data and promptly adjusted the malware to your computer . The hostile program made your selfie-camera shooting and I enjoy the videotape with you dash your doodle. In next 5 hours this hostile program copied all your contacts. Right now, I receive your all your contact information and video with you masturbating, and now if you wish me to destroy all the data affect payment 350 $USD in BTC digital currency. Other way I want forward that this record to all your contacts . I forward you my Bitcoin wallet - XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX You possess 27 hours after reading. In a case if I possess transaction I am going to undo that this record once for all. I beg pardon for my mistakes- I live in China . P.S. this postal address, I have thieved it Good day, If you had been more careful while caressing yourself, I wouldn't worry you. I don't think that playing with yourself is very bad, but when all your colleagues, relatives and friends get a video recording of it - it is definitely bad for you. I placed malicious software on a website for adults (with porn) which was visited by you. When the target taps on a play button, your device starts recording the screen and all cameras on your device begin to work. Moreover, my program allows a remote desktop connection with keylogger function from the device, so I could collect all contacts from your e-mail, messengers and other social networks. I'm writing on this e-mail cuz it's your working address, so you must check it. I suppose that three hundred twenty usd is good enough for this little misstep. I made a split screen video (recorded from your screen (u have interesting tastes ) and camera ooooooh... its awful AF) So it's your choice. If you want me to erase this compromising evidence, use my Bitcoin wallet address: XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX You have one day after opening my message; I put a special tracking pixel in it, so when you will open it I will see. If you want me to show you the proofs, reply to this message and I will send my creation to five contacts that I got from your contacts. P.S. You can try to complain to the police, but I don't think that they can help, the investigation will last for 5 month- I'm from Ukraine - so I dgf lmao Hey there So I am the hacker who cracked your email address and device a few weeks back. You typed in your pwd on one of the sites you visited, and I intercepted that. Here is your password from (redacted) upon time of compromise: (redacted) Obviously you can can change it, or even already changed it. However it won't really matter, my malware modified it every time. Do not really try to contact me personally or find me. Via your email, I uploaded harmful code to your Operation System. I saved your entire contacts together with buddies, fellow workers, loved ones along with a entire history of visits to the World wide web resources. Also I set up a Virus on your system. You aren't my only target, I generally lock computers and ask for a ransom. But I was hit by the web pages of romantic material that you normally stop by. I am in shock of your own fantasies! I have never ever noticed anything at all like this! Consequently, when you had enjoyment on piquant web-sites (you know what I am talking about!) I made screenshot with utilizing my program from your camera of yours device. There after, I put together them to the content of the currently viewed site. There will certainly be giggling when I send these pics to your connections! Nevertheless I am certain you do not need this. Therefore, I expect to have payment from you for my silence. I feel $859 is an satisfactory price for this! Pay with Bitcoin. My Bitcoin wallet is xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx If you do not really understand how to do this - submit in to Google 'how to transfer money to the bitcoin wallet'. It is easy. Immediately after getting the given amount, all your files will be right away destroyed automatically. My computer virus will also get rid of itself through your operating-system. My Trojan viruses have auto alert, so I know when this specific e mail is read. I give you 2 days (48 hours) to make a payment. If this does not occur - just about all your associates will get outrageous pictures from your darkish secret life and your system will be blocked as well after two days. Do not end up being foolish! Police or buddies won't support you for sure ... P.S I can provide you with recommendation for the future. Do not type in your security passwords on risky web pages. I wish for your wisdom. Bon voyage. I Have YOUR code. I rule phone xxxx I SENT this newsletter from YOUR ACCOUNT. I look your device. I am in daze of your sex act fantasies! I made backup your contacts and files. I made screenshots from your digital camera of yours device. I want 888 $ to my (Bitcoin My )Bitcoin currency xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx If YOU don't transaction )Bitcoin. I share my quake of your golden age of porn fantasies with your contacts! If you do not know how to do this - enter into Google/ =how to transfer money to a Bitcoin& wallet- Time 30 hours. This excellent post as Subway & Dairy Queen. Hello! I'm a programmer who cracked your email account and device about half year ago. You entered a password on one of the insecure site you visited, and I catched it. Of course you can will change your password, or already made it. But it doesn't matter, my rat software update it every time. Please don't try to contact me or find me, it is impossible, since I sent you an email from your email account. Through your e-mail, I uploaded malicious code to your Operation System. I saved all of your contacts with friends, colleagues, relatives and a complete history of visits to the Internet resources. Also I installed a rat software on your device and long tome spying for you. You are not my only victim, I usually lock devices and ask for a ransom. But I was struck by the sites of intimate content that you very often visit. I am in shock of your reach fantasies! Wow! I've never seen anything like this! I did not even know that SUCH content could be so exciting! So, when you had fun on intime sites (you know what I mean!) I made screenshot with using my program from your camera of yours device. After that, I jointed them to the content of the currently viewed site. Will be funny when I send these photos to your contacts! And if your relatives see it? BUT I'm sure you don't want it. I definitely would not want to ... I will not do this if you pay me a little amount. I think $877 is a nice price for it! I accept only Bitcoins. My BTC wallet: xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx If you have difficulty with this - Ask Google "how to make a payment on a bitcoin wallet". It's easy. After receiving the above amount, all your data will be immediately removed automatically. My virus will also will be destroy itself from your operating system. My Trojan have auto alert, after this email is looked, I will be know it! You have 2 days (48 hours) for make a payment. If this does not happen - all your contacts will get crazy shots with your dirty life! And so that you do not obstruct me, your device will be locked (also after 48 hours) Do not take this frivolously! This is the last warning! Various security services or antiviruses won't help you for sure (I have already collected all your data). Here are the recommendations of a professional: Antiviruses do not help against modern malicious code. Just do not enter your passwords on unsafe sites! I hope you will be prudent. Bye. Same as before but they increased the amount I got an order from someone to kill you and your family but I am far from your house if you still love your family, I ask you to transfer 0.1 BTC to me. If you report this email, I will immediately kill your family. FORWARD THIS MAIL TO WHOEVER IS IMPORTANT IN YOUR COMPANY AND CAN MAKE DECISION! We Hacked network. We Caught Communications. We Backuped DATA And DOCUMENTS. We send this mail to you in YOUR account. After analyzing documents. We found Illegal activity - HIDING TAXES. That we want? I want two (2) Bitcoin To wallet Bitcoin. 1Dz7DbQmE7SNm3C5mb9syPcctgZECcCEbL That we do if you don't pay bitcoin? We send these Documents and Proofs to your Tax Department. And in this time Your network will be DDoS. Read that in this link https://en.wikipedia.org/wiki/Denial-of-service\_attack We are locking your operation system. Our friends, WannaCry, ready start and waiting command. Read that in this link https://en.wikipedia.org/wiki/WannaCry\_ransomware\_attack This is our guarantee, that you don't clean evidence and building a protection policy. If you don't pay by in 7 days, attack will start. Attack including. 1.DDOS 2.Locking operation system 3.Sending all documents in Tax Departament Yours service going down permanently and price to stop will increase to Four (4) BTC, Price will go up one (1) BTC for every day of the attack. This is not a joke. Our attacks are extremely powerful - sometimes over 1 Tbps per second. And we pass CloudFlare and others remote protections! So, no cheap protection will help. Prevent this problem all with just Two (2) BTC Pay to our wallet Bitcoin. 1Dz7DbQmE7SNm3C5mb9syPcctgZECcCEbL AND YOU WILL NEVER AGAIN HEAR FROM US! If you read, hear fake-experts and assure yourself that this is not true. Remember that they are not responsible and your life don't important him. Their business is to speak and make money. Your business to do and make money and stay freedom. All mistakes in text we do specily. Bitcoin is anonymous, nobody will ever know you cooperated. Time started after open this mail. To track the reading of a message and the actions in it, I use the facebook pixel. Read that in this link Hello! I am a hacker who has access to your operating system. I also have full access to your account. I've been watching you for a few months now. The fact is that you were infected with malware through an adult site that you visited. If you are not familiar with this, I will explain. Trojan Virus gives me full access and control over a computer or other device. This means that I can see everything on your screen, turn on the camera and microphone, but you do not know about it. I also have access to all your contacts and all your correspondence. Why your antivirus did not detect malware? Answer: My malware uses the driver, I update its signatures every 4 hours so that your antivirus is silent. I made a video showing how you satisfy yourself in the left half of the screen, and in the right half you see the video that you watched. With one click of the mouse, I can send this video to all your emails and contacts on social networks. I can also post access to all your e-mail correspondence and messengers that you use. If you want to prevent this, transfer the amount of $500 to my bitcoin address (if you do not know how to do this, write to Google: "Buy Bitcoin"). My bitcoin address (BTC Wallet) is: x After receiving the payment, I will delete the video and you will never hear me again. I give you 50 hours (more than 2 days) to pay. I have a notice reading this letter, and the timer will work when you see this letter. Filing a complaint somewhere does not make sense because this email cannot be tracked like my bitcoin address. I do not make any mistakes. If I find that you have shared this message with someone else, the video will be immediately distributed. Best regards. Hey, I know your password is: Your computer was infected with my malware, RAT (Remote Administration Tool), your browser wasn't updated / patched, in such case it's enough to just visit some website where my iframe is placed to get automatically infected, if you want to find out more - Google: "Drive-by exploit". My malware gave me full access and control over your computer, meaning, I got access to all your accounts (see password above) and I can see everything on your screen, turn on your camera or microphone and you won't even notice about it. I collected all your private data and I was spying on you, I RECORDED (through your webcam) embarrassing moments of you, you know what I mean! After that I removed my malware to not leave any traces. I can publish all your private data everywhere and I can send the videos to all your contacts, post it on social network, publish it on the whole web, including the darknet, where the sick people are! Only you can prevent me from doing this and only I can help you out in this situation. Transfer exactly 1200$ with the current bitcoin (BTC) price to my bitcoin address. It's a very good offer, compared to all that horrible shit that will happen if I publish everything! You can easily buy bitcoin here: www.paxful.com , www.coingate.com , www.coinbase.com , or check for bitcoin ATM near you, or Google for other exchanger. You can send the bitcoin directly to my address, or create your own wallet first here: www.login.blockchain.com/en/#/signup/ , then receive and send to mine. My bitcoin address is: Copy and paste my address, it's (cAsE-sEnSEtiVE) I give you 3 days time to transfer the bitcoin! As I got access to this email account, I will know if this email has already been read. If you get this email multiple times, it's to make sure you read it and after payment you can ignore it. After receiving the payment, I will remove everything and you can life your live in peace like before. Next time update your browser before browsing the web! НЕLLО! I’m going to cut to thе chӓsе.I know ӓbout thе sеcrеt you ӓrе kееping from your wifе.Morе importӓntly,I hӓvе еvidеncе of whӓt you hӓvе bееn hiding.I won’t go into thе spеcifics hеrе in cӓsе your wifе intеrcеpts this,but you know whӓt I ӓm tӓlking ӓbout. You don’t know mе pеrsonӓlly ӓnd nobody hirеd mе to look into you.Nor did I go out looking to burn you.It’s just your bӓd luck thӓt I stumblеd ӓcross your misӓdvеnturеs whilе.I thеn put in morе timе thӓn I probӓbly should hӓvе looking into your lifе.Frӓnkly,I ӓm rеӓdy to forgеt ӓll ӓbout you ӓnd lеt you gеt on with your lifе.And I ӓm going to givе you two options thӓt will ӓccomplish thӓt vеry thing.Thosе two options ӓrе to еithеr ignorе this lеttеr,or simply pӓy mе $822.Lеt’s еxӓminе thosе two options in morе dеtӓil. Option 1 is to ignorе this lеttеr.Lеt mе tеll you whӓt will hӓppеn if you chosе this pӓth.I will tӓkе this еvidеncе ӓnd sеnd it to your wifе. And ӓs insurӓncе ӓgӓinst you intеrcеpting it bеforе your wifе gеts it,I will ӓlso sеnd copiеs to hеr friеnds ӓnd fӓmily.So,Evеn if you dеcidе to comе clеӓn with your wifе,it won’t protеct hеr from thе humiliӓtion shе will fееl whеn hеr friеnds ӓnd fӓmily find out your sordid dеtӓils from mе. Option 2 is to pӓy mе $822.Wе’ll cӓll this my ‘confidеntiӓlity fее.’Now lеt mе tеll you whӓt hӓppеns if you choosе this pӓth.Your sеcrеt rеmӓins your sеcrеt.You go on with your lifе ӓs though nonе of this еvеr hӓppеnеd.Though you mӓy wӓnt to do ӓ bеttеr job ӓt kееping your misdееds sеcrеt in thе futurе. At this point you mӓy bе thinking,‘I’ll just go to thе cops.’Which is why I hӓvе tӓkеn stеps to еnsurе this lеttеr cӓnnot bе trӓcеd bӓck to mе.So thӓt won’t hеlp,ӓnd it won’t stop thе еvidеncе from dеstroying your lifе.I’m not looking to brеӓk your bӓnk.I just wӓnt to bе compеnsӓtеd for thе timе I put into invеstigӓting you. $822 will closе thе books on thӓt. Lеt’s ӓssumе you hӓvе dеcidеd to mӓkе ӓll this go ӓwӓy ӓnd pӓy mе thе confidеntiӓlity fее.In kееping with my strӓtеgy to not go to jӓil,wе will not mееt in pеrson ӓnd thеrе will bе no physicӓl еxchӓngе of cӓsh.You will pӓy mе ӓnonymously using bitcoin.If you wӓnt to kееp your sеcrеt thеn sеnd $822 in bitcoin to thе Rеcеiving Bitcoin Addrеss listеd bеlow.Pӓymеnt must bе rеcеivеd within 1 dӓys of thе post. You should mӓkе ӓ trӓnsӓction of using bitcoins (cryptocurrеnsy): x [Bitcoin dеtӓils] Tеll no onе whӓt you will bе using thе bitcoin for or thеy mӓy not givе it to you.Thе procеdurе to obtӓin bitcoin cӓn tӓkе ӓ dӓy or two so do not put it off.Agӓin pӓymеnt must bе rеcеivеd within 1 dӓys of this lеttеr’s post mӓrkеd dӓtе.If I don’t rеcеivе thе bitcoin by thе dеӓdlinе,I will go ӓhеӓd ӓnd rеlеӓsе thе еvidеncе to еvеryonе.If you go thӓt routе,thеn thе lеӓst you could do is tеll your wifе so shе cӓn comе up with ӓn еxcusе to prеpӓrе hеr friеnds ӓnd fӓmily bеforе thеy find out.Thе clock is ticking. And here are some common keywords used in the email so that this thread can be found by people Googling the email: "Marlware, international hacker group, No person has compensated, very own video clip, software on the adult, porno sitio, one of your pass word, .br, specific pixel, sexual content web portal, a malware on the adult, a malware on the, double-screen, is a reasonable price tag for our little secret, you have a good taste lmao, I placed a malware on the adult vids, your browser began operating as a RDP, had been abusing yourself in front of computer display, you are one of those people that downloaded the malicious, I made a split-screen video, While you were watching the video, your web browser acted as, malware on the porn website and guess what, an unique pixel, you jerked off while watching an online video, When you pressed the play button the virus begins saving all the things thru, ja.scr, My malicious soft started your front cam, and also send the video link to all of yourfriends, I infected your gadget with a malware and now, AnywaysI downloaded all contacts, my program quickly got into your system, To a time where you jerk off watching","For the present moment I have at my disposal all, When you arouse sexually watching porno, In such a way all needed compromising material and contact, All information to yours SNSs user accounts, You watched sexual content portal and toss","Hello! WannaCry is back! All your, in front of the screen browsing adult stuff, As you flog the dummy watching, U are going to be offered 5 days after checking this notice, RAT 68006, the damnific malware, pastime and entertainment there, not my single victim, beat the dummy, buff the muffin, choke a chicken, front camera capturing video, with you frigging, with you chaturbating, with you masturbating, web digicam, U are going to have 5 dayss, i utilize just hacked wi, pressured this trojan to, glue a pair of videos, glue two videos, the RAT, if you want me to destroy this whole video, downloaded all contacts from your computer, your list of contacts or relatives will, I made a video that shows how you masturbate, hacked you through a virus in an ad on a porn website, my illiteracy, nоt mind on my illiterаcy, I рilfered all рrivy bаckground, videоtaре with yоur masturbаtion, my delеtеrious soft, cаmеra shооt the videоtaрe, you sеlf-аbusing, Differently I will send the video to all your colleagues and friends, your front-camera made the videotape with you self-abusing, RAT 98390 malware, the minute you went to one adult page, information to contact info I discovered on your devices and remember there is a lot of these, not including Double VPN As a result, I forced my malware to hook up to a mic, web camera and catch the video from it, poisoned a number of adult sites, video clip to fit on a single tv screen, This letter has invisible monitoring program inside and i will be aware of when you are going to check, doing ur stuff and a clip u jerked to, the investigation will last, I uploaded our malicious program on your device, furthermore malware saved exactly the video you chose, its a record with your wanking, friends will see u taking proper care of yourself, Your system is controlled by the malicious program, If you were more careful while playing with yourself, that whacking off to adult web-sites is, adult website which was poisoned with my malware, nor i think that jerking off to porn sites is really a gross thing, so I dgf lmao, proof just reply to this email with, if you want me to destroy all this compromising evidence, will send your video to 5 contacts, amount in Usd that can cope with this scenario, You are welcome to contact your local authorities, If you want proof, reply with, i pride myself in being apart of an internet group, so i dgf, I take good care of my being anonymous, information related to the RAT virus, been able get in to all ur units, to all of your contacts including, search engines like goo, case sensitive, so copy,, and at this moment I, It is a non-nego, don't waste my perso, thi s mes, back while visiting, showe ring, what should you do ?, porno webpage, this embarrassing situation, navigated to the page, bare-assed, on well-known websites and publications, I got an order from someone to kill you and your family, immediately kill your family, is an explosive device, My mercenary is, explosive device detonates, triggered your webcam, piquant websites, my exploit downloaded, replenish btc wallet, instantaneously erase, actual recorded material, neglect this email, my RAT trojan, video you jerked, I used keylogger, your disk dump, malware intercepts, installed a malware, remove your video footage, RAT onto your computer, greasy stimulating actions, excentric preferrables, porn web-page, to your Tax Department, network will be DDoS, friends, WannaCry, building a protection policy, in Tax Departament, Yours service going, we pass CloudFlare, hear fake-experts, backuped phone, -1663, of your joys, digits your phone, (porno), BIG pervert, both files and scale, naughty video clips, Soy un hacker, I installed spyware, n website with teen, malware on the porn website, very own recorded material""Marlware, international hacker group, No person has compensated, very own video clip, software on the adult, porno sitio, one of your pass word, specific pixel, sexual content web portal, a malware on the adult, a malware on the, double-screen, is a reasonable price tag for our little secret, you have a good taste lmao, I placed a malware on the adult vids, your browser began operating as a RDP, had been abusing yourself in front of computer display, you are one of those people that downloaded the malicious, I made a split-screen video, While you were watching the video, your web browser acted as, malware on the porn website and guess what, an unique pixel, you jerked off while watching an online video, When you pressed the play button the virus begins saving all the things thru, ja.scr, My malicious soft started your front cam, and also send the video link to all of yourfriends, I infected your gadget with a malware and now, AnywaysI downloaded all contacts, my program quickly got into your system, To a time where you jerk off watching","For the present moment I have at my disposal all, When you arouse sexually watching porno, In such a way all needed compromising material and contact, All information to yours SNSs user accounts, You watched sexual content portal and toss","Hello! WannaCry is back! All your, in front of the screen browsing adult stuff, As you flog the dummy watching, U are going to be offered 5 days after checking this notice, RAT 68006, the damnific malware, pastime and entertainment there, not my single victim, beat the dummy, buff the muffin, choke a chicken, front camera capturing video, with you frigging, with you chaturbating, with you masturbating, web digicam, U are going to have 5 dayss, i utilize just hacked wi, pressured this trojan to, glue a pair of videos, glue two videos, the RAT, if you want me to destroy this whole video, downloaded all contacts from your computer, your list of contacts or relatives will, I made a video that shows how you masturbate, hacked you through a virus in an ad on a porn website, my illiteracy, nоt mind on my illiterаcy, I рilfered all рrivy bаckground, videоtaре with yоur masturbаtion, my delеtеrious soft, cаmеra shооt the videоtaрe, you sеlf-аbusing, Differently I will send the video to all your colleagues and friends, your front-camera made the videotape with you self-abusing, RAT 98390 malware, the minute you went to one adult page, information to contact info I discovered on your devices and remember there is a lot of these, not including Double VPN As a result, I forced my malware to hook up to a mic, web camera and catch the video from it, poisoned a number of adult sites, video clip to fit on a single tv screen, This letter has invisible monitoring program inside and i will be aware of when you are going to check, doing ur stuff and a clip u jerked to, the investigation will last, I uploaded our malicious program on your device, furthermore malware saved exactly the video you chose, its a record with your wanking, friends will see u taking proper care of yourself, Your system is controlled by the malicious program, If you were more careful while playing with yourself, that whacking off to adult web-sites is, adult website which was poisoned with my malware, nor i think that jerking off to porn sites is really a gross thing, so I dgf lmao, proof just reply to this email with, if you want me to destroy all this compromising evidence, will send your video to 5 contacts, amount in Usd that can cope with this scenario, You are welcome to contact your local authorities, If you want proof, reply with, i pride myself in being apart of an internet group, so i dgf, I take good care of my being anonymous, information related to the RAT virus, been able get in to all ur units, to all of your contacts including, search engines like goo, case sensitive, so copy,, and at this moment I, It is a non-nego, don't waste my perso, thi s mes, back while visiting, showe ring, what should you do ?, porno webpage, this embarrassing situation, navigated to the page, bare-assed, on well-known websites and publications, I got an order from someone to kill you and your family, immediately kill your family, is an explosive device, My mercenary is, explosive device detonates, triggered your webcam, piquant websites, my exploit downloaded, replenish btc wallet, instantaneously erase, actual recorded material, neglect this email, my RAT trojan, video you jerked, I used keylogger, your disk dump, malware intercepts, installed a malware, remove your video footage, RAT onto your computer, greasy stimulating actions, excentric preferrables, porn web-page, to your Tax Department, network will be DDoS, friends, WannaCry, building a protection policy, in Tax Departament, Yours service going, we pass CloudFlare, hear fake-experts, backuped phone, -1663, of your joys, digits your phone, (porno), BIG pervert, both files and scale, naughty video clips, Soy un hacker, I installed spyware, n website with teen, malware on the porn website, very own recorded material"
Why will the switching to TkeyNet take place this year, and not later, as planned?
Let’s look at the project history. The TKEY concept dates back to October 2017, and it was in the fourth quarter of 2017 that the distributed infrastructure concept was approved. In early 2018, the formation of the TkeyNet architecture began. To make the whole course of events clear, we highlighted the main points and commented on them: The projected development period for TkeyNet is 2.5–3 years.
This forecast was made in 2018 when the development of TkeyNet began.
The course of events that was part of our strategy
Core 1.0 launch and exchange The company planned to launch a Protocol based on Core 1.0 and conduct a subsequent listing of the asset on the exchange in late 2018-in the first half of 2019. Depending on the completion of work on Core 1.0. Why launch Core 1.0? There is a fixed practice in the market when a project starts on a ready-made blockchain, and then switches to its own, for example, EOS. This project was launched based on the Ethereum blockchain, and later the transition to its Protocol was made. Our main task was to launch a Protocol with non-standard technical solutions for the market and enter the auction to expand the project audience and obtain liquidity for the asset. With an increase in the asset price, the company would be able to increase its financial resources and reinvest them in the development of the project. Thus, the launch of a blockchain-based on Core 1.0 fully met these tasks.
In Core 1.0, new transaction models introduced and multi-blockchain support implemented. The first version of the Protocol supported the inclusion of 10 separate chains. The mechanics allowed you to change the number of parallel chains in the blockchain. To increase throughput, the team implemented PostgreSQL support, instead of the typical key-value database that is present in most cryptocurrencies.
Switching to Core 2.0 during trading and then switching to TkeyNet Next, the plan was to upgrade the network to Core 2.0 and continuously modify it. The modification means the gradual implementation of functionality and standards from TkeyNet so that it is easy to make the transition from Core 2.0 to the new TkeyNet Protocol during trading on the exchange. https://preview.redd.it/zcf5vnsgg2f51.png?width=1191&format=png&auto=webp&s=d5d5e41551ccc95f8a8a401f8fd2d081f1068939 In 2019, a Core 1.0 — based system launched. The year was simultaneously busy: the first presentation of TkeyNet at APA-2019, presence at IFC-2019, work on draft laws, and at the same time, the year was quite difficult for our company, which affected the timing shifts for products and all project plans in General. The listing did not take place. Reasons for switching to TkeyNet There is a silver lining. In the period from April to May, there was positive news from developers: work on TkeyNet will be completed much earlier than planned. By the end of June, we were preparing to launch a test network based on TkeyNet, to start the final testing of all functions.
On June 22, 2020, the core 1.0 network suspended. For more information,see the link.
Shortly, we will be able to switch to TkeyNet and list the TKEY asset to crypto exchange.
Upon completion of the launch of TkeyNet, the official date of listing of TKEY on the trading platform will publish at the link:tkeycoin.com/start/;
What is TkeyNet?
We have already talked about TkeyNet in the previous article: TkeyNet-release date, a brief analysis of the system, further plans, gave examples of how the use of technology, told what products can be created based on TkeyNet, all this covered in General terms. https://preview.redd.it/olp8lviig2f51.png?width=7418&format=png&auto=webp&s=9403b97e8bd2080fb8678530dbb418053db317c3 In this publication, we share some theses so that you will gradually develop an objective picture of the new TkeyNet system and its capabilities, which many of you will be able to apply in the future in business or everyday life. From the very beginning of development, — TkeyNet was intended to improve the existing financial system, not to replace it. From a technical point of view, the system and its functionality entirely based on blockchain technology. However, this is not a classic variation, as, for example, with bitcoin, but the new implementation of It — more secure, more suitable for global use, more perfect. In simple words, our developers took the best from Bitcoin, Ethereum, Litecoin, and other market leaders, combined their pros, eliminated their cons, and modified existing solutions on the market, resulting in new technology with new features. For the user, TkeyNet is a fast payment network that allows you to store, use, and move various assets in the payment network, such as currencies, shares, real estate, and precious metals, etc. Businesses will be able to legally conduct international transfers in seconds and significantly save on transactions. For developers and startups, this means best practices, infrastructure, liquidity, and access to ready-made solutions that can complete in their products. Among competitors, TkeyNet is much faster than its predecessors, more profitable, and cheaper in terms of transactions. For businesses and financial institutions, it is an infrastructure that will significantly improve existing financial processes, from payment routing to multi-level exchange and clearing operations. If we compare the giants of the financial industry-banks, and the new paradigm — distributed payment systems, we will notice a significant difference. The total market capitalization of cryptocurrencies estimated at ≈340 billion US dollars and the capitalization of 10 world banks is 2 trillion dollars. A significant difference, don’t you agree? http://www.outsourcingportal.eu/en/bitcoin-would-rank-as-8th-largest-bank-globally-with-169-billion-in-market-capitalization You can’t argue with the numbers, and we must understand that banks remain vital objects of the financial system. Banks help us send funds within the country and abroad, and provide a lot of services, such as loans, deposits, and a lot of other services. Anyway, using cryptocurrency, users actively exchange it for Fiat currencies to pay for any formed needs. Therefore, TkeyNet will serve as a bridge between fiat and digital currencies, providing its users with best practices and tools through which we will all have access to various digital and cash at any time and anywhere in the world. The Asian Parliamentary Assembly actively raised the issue of trust and the development of financial products in underdeveloped countries. The problem in such countries is total state control of property registers. Citizens prefer to dispose of their funds in informal settings because they do not consider state systems reliable.
According to the World Bank alone, about 1.7–1.8 billion people do not have accounts in any financial institution, and about 47% of them located in developing countries. The problem of interaction between a person and a financial institution consists of three main reasons: poverty, trust issues, and geographical difficulties. With systems such as TkeyNet, it is possible to connect people and financial institutions with a single source of trust. With the use of such systems, a person does not need anything other than access to the Internet. https://www.statista.com/chart/18497/countries-with-the-highest-share-of-adults-without-a-bank-account-in-2017/
The investments that bring us all together
On the other hand, the audience of the TKEY project is quite diverse: our investors represent a variety of professions, a variety of cities, and a variety of age groups. However, one thing, nevertheless, unites us all — this thing is an investment. And therefore, some of the users may not be interested in technical details or the difference between 1.0, 2.0, or TkeyNet. But at least the thesis, the main message, must be understood by absolutely everyone.
The more popular the company’s products are on the market, the stronger it is and the development. Due to the reliability of the company, the prices of its assets grow.
From 22 to 24 July, the test network TkeyNet was successfully launched. Our team is currently actively testing the entire network and conducting a security audit. Developers are testing the network with different scenarios: security, reliability of the full system, as well as individual modules and functions. Given the different number of similar-looking formulations, but at the same time completely different from each other, some users wondered what is the difference between such concepts: Mainnet, Testnet, and TkeyNet. Testnet should consider as a demonstration network for testing, testing concepts, new features, experiments, and debugging without the risk of losing any data. Testnet is a polygon for the development team that used to improve the system and introduce new features. Mainnet (Main Network) this is a complete product, ready to use. TkeyNet is the name of the infrastructure, the entire system that we are developing, and Testnet and Mainnet are technical concepts within this system. After testing the system is complete, TkeyNet will launch. We will issue instructions on how to upgrade to the new Protocol and new software, respectively.
Testing takes place without any excesses, and the launch of TkeyNet is just around the corner.
Thank you for being with us! Follow the project news to stay up to date. If you missed the latest news, you read the notification on the site: https://tkeycoin.com/en/news/.
Part I After these events I withdrew into myself. I used to spend most of the free time at home alone. Sometimes I spent the whole weekend lying in bed or playing video games. In a couple of months I started having troubles falling asleep. Often I couldn’t resist the temptation to “dive” and replace the depressing reality with happy moments of distant past. After waking up I used to lie in the bed fighting a pulsing headache till dawn. Insomnia made me sluggish and apathetic. But still I would retreat into memories every evening like an addict looking for a dose. ∗ ∗ ∗ I am fourteen years old. School is on summer break. Weather is boiling-hot, so my friends and I are hiding from the sun in a park. We put our pocket money together to buy a large coke and some ice cream. I am laying on the grass in the shadow of a large willow listening to my friend’s jokes and eating lemon ice pop. If there’s a single word to describe my mind at this moment, it should be serenity. ∗ ∗ ∗ I am twelve. My father and I hike in the magnificent Crimean mountains. When we come home, my parents will finally break up, and mom will leave us. But it will be later. In the meantime I have nothing to worry about. Right now the only thing that attracts my attention is the pure beauty of nature. ∗ ∗ ∗ I am ten. I participate in the national math contest and take the second place to everyone’s surprise. When they call me to give a reward, I glance at my school teacher in the audience and see tears in her eyes. ∗ ∗ ∗ I am fifteen. I sit at the porch of our cabin waiting for my friends. Disco starts in a couple of minutes, and it’s literally common knowledge that a party is the most important thing in the social life of teenagers in summer camp. So it’s only natural that I’m angry with my friend for keeping me waiting. At long last they come out. I see Max and my heart fills with warmth and sorrow at the same time. Usually, I try to avoid memories of him, but this is a special occasion. Max wears ripped jeans, Nirvana t-shirt and a cap. His look makes me amused: from an adult perspective he looks kinda funny, but such an image is taken much more seriously when you’re fifteen. My parents used to send me to summer camp each year when I was at school, but this time is special. During this trip I will fall in love with a girl (even though our childish “relationship” will only hold for a couple of weeks) and kiss her for the first time in my life. After it happens, I’ll be so excited that we’ll be discussing this experience with Max for half the night. When I think about it, it feels nostalgic, but I dismiss this feeling. How can I be so sentimental, if it hasn’t happened yet? Our company finally arrives at a basketball court that also serves as a dance floor. Upbeat music is playing loudly, and most of the people have already gathered. Max nudges me and points at the girl I’m to experience an awkward excitement of the first kiss with. I look at the direction he’s pointing to, and freeze, struck dumb. Cause I see Nika standing at the edge of the court. When I met her at the university, she looked totally different, but still I recognize her at first sight. She has long hair with a few strands defiantly dyed pink. She wears a sundress (and it’s actually the first time I see her wearing anything other than a baggy hoodie and jeans). As if on purpose, at the very same moment DJ announces a slow dance and turns on a soft melody. Without thinking about possible consequences, I approach Nika and ask her to dance. There’s a glimpse of surprise in her eyes, but she still accepts my invitation. I put my hands on her waist. Suddenly, she moves closer to me and places her arms around my neck. We start dancing, and I belatedly introduce myself. She tells me her name too. I try to start a conversation and subconsciously fear that she won’t talk to me as it was the last time we met in future. But the future is not here yet. There has been no quarrel between us yet. That’s why Nika answers my dumb questions, laughs at my jokes and sounds exactly the same I remember. The song ends, and our dance does as well. To me this awkward teenage ritual seems to be the most romantic thing in the world at this moment. I ask Nika to leave the party and sneak to the beach. Max gives me the thumbs up behind her back. While we walk together, Nika tells me all kinds of things. She tells me about her favorite indie sci-fi movies. Says that she studies programming as a hobby. Then she says that she’ll soon begin preparing for the graduation exams, since she wants to go to a good university. I eagerly listen to her, enjoying every minute I spend with the girl I missed so much. We reach the sandy bank of the river and sit on the concrete parapet. Nika notes that we mustn’t get close to the water without supervision, but I see cheerful sparkles in her eyes. I joke that if counselors catch us, at least we will serve a sentence together. We sit silently and watch the river flow for a couple of minutes. At last Nika starts to speak: “Do you believe in the butterfly effect? The theory that tiny events in the past…” “...can have huge consequences,“ I finish the sentence. “You do something that you don’t consider to be important, but by chance it happens to affect the future a lot. Like a chain reaction. Yeah, I believe. Probably. Why do you ask?” “Well, we met randomly just a couple of hours ago. For instance, imagine that I dressed differently today, and you didn’t notice me because of it, or something like that,” she suggests. “And we’d never meet as a result. Or we’d meet much later. In university, for example. And we’d never know that we even went to the same summer camp…” Nika pauses for a moment, and a vague paranoid thought arises in my mind all of a sudden. “You know, I like you a lot,” she unexpectedly finishes the monologue. It looks like a coincidence, but ever since I got my power, I don’t believe in coincidences. I hesitate for a couple of seconds, but finally say: “I don’t mean to be rude but… What’s the date today?” Nika seems surprised by this question. After a short silence, she says hesitantly: “The fifteenth of July?” “Close enough,” I answer. The camp started only yesterday, so it’s virtually impossible to be so wrong. “It’s the seventh. And what’s the last movie you saw in the cinema?” Nika fades. Her shoulders sag, and after a short pause she asks: “Which year are you from?”“October, 2019” I answer honestly. “Huh,” she smiles miserably. “Me too. Maybe, that’s the only way we can be in the same past together ‒ if we go to sleep at the same time?” She pauses again, and I finally decide to ask a question I have in mind for the last couple of minutes: “Why did we stop talking? Why did you start ignoring me?” She chuckles and starts to speak: “Didn’t you get it? It started that evening at Ivan’s birthday party. We started arguing. You were stubborn as usual, so I said some stuff I immediately regretted. I decided to go back and fix it. But when I came back to the past, it appeared that you suddenly changed the subject before I was able to do anything. You must understand, my ability had never failed me before. I thought that events were invariant, unless I changed them myself. So when it happened, I became frightened and woke up,” Nika stops to catch her breath, but I stay silent digesting this information, so she continues: “At first I blamed the butterfly effect. I thought that I changed something myself, so I tried to get back again in order to amend what happened, but for some reason my powers didn’t work on you no matter how much I tried. Trust me, it was scary. I acted on a whim and pushed you away. And I told myself to forget you,” I see tears in her eyes. “I tried to replace you with other people. It didn’t work. On the contrary, I started thinking about you even more. My thoughts returned to the fact that you were beyond my power again and again, and it annoyed me. Also… I missed you a lot”. I take her hand in mine without thinking. I know that I’ll never be able to change this moment, but it’s worth the risk. ∗ ∗ ∗ Nika tells me that she discovered her abilities when she fell asleep during the lecture. For a long time she thought that it was just a deja vu. I joke that some lecturers made me fall asleep without any time travel involved. ∗ ∗ ∗ She calls it “to wake up from our reality to another”. I call it “diving”. Different names, same meaning. ∗ ∗ ∗ I tell her that I once returned to 2011 to buy bitcoin, but when I “woke up” it appeared that cryptocurrency never became popular in the first place. I tell her that I tried doing it several times and gave up in the end. We discuss chaos theory for some time, and Nika suggests that it’s possible that bitcoin only became expensive by an incredible coincidence that accidentally occurred in our time branch. ∗ ∗ ∗ She says that she tried to make money from betting, but it turned out that results of most games are completely random. We laugh at it and agree that the universe has a sense of humor. ∗ ∗ ∗ Sun sets and it becomes colder. I give Nika my shirt to warm her up a bit. ∗ ∗ ∗ I tell her about the rules of “diving” that I derived. When I regret about “past me” being unable to remember the “dive”, Nika tells me a simple solution that makes me feel stupid. Turns out that she started the diary on the very same day when she discovered her ability to travel through time. Whenever she comes back to the past, she simply puts instructions for herself in the diary. It reminds me of something. I realize that in despair Max tried to do the exact same thing ‒ that night in the abandoned building he tried to leave a diary. I ask Nika if she's ever met other time travelers. After a negative response, I tell her the shocking story of my friend’s death. I also mention the creepy childhood memory. We ask ourselves: how many time travelers are there around us? How many of them do we meet each day without even knowing? ∗ ∗ ∗ Sudden gust of fresh wind rustles reeds with a soft whispering. Nika moves closer to me. I hug her, and my heart starts beating faster. ∗ ∗ ∗ Nika tells me how she once tried to “dive” while already being in the past. I admire her courage ‒ I never attempted such a thing, and to be honest after traveling to the distant childhood I wouldn’t have tried. However, her experience is not really inspiring: she was able to go to the second level only for a second. When she “woke up” in reality, she felt so sick that she had to skip work next day. ∗ ∗ ∗ I hear voices behind our backs. A couple of kids come to the river bank and stop sixty feet behind. The girl giggles and tells the boy that this place seems to be already taken. We quietly wait until they leave. I turn to Nika, and she kisses me, probably tired of waiting for me to do the next step. Strictly speaking, that should be my first kiss. That thought makes me laugh. ∗ ∗ ∗ I tell Nika that we must stay together. It’s fate that we both happen to have these supernatural powers. She seriously answers that I must swear to never use my abilities on her. I agree to that. We hear DJ announcing the last track of the party. He turns on a sweet indie song. Nika says that it’s very romantic, and we kiss till the melody reaches its end. “Would you like to walk me home?” she asks playfully. Of course, I say yes. Near the cabin she says that we need to say goodbye for now. We agree that we’ll both wake up next morning (which happens to be seven years later), and if we are actually a perfect match to each other, then we’ll probably wake up together. After that I see that her eyes close for a moment, and when she regains consciousness, her face looks surprised for a couple of seconds. Then Nika giggles, kisses me goodbye and runs into the cabin. I realize that she “woke up”. Of course, I’ll join her in the future. Eventually. No, I do not plan on changing anything or breaking my promises. However, after all I’ve been through, I won’t be satisfied by faint new memories of the changed reality in the morning. I don’t want to lose her anymore so I intend to truly live through everything that is destined for us. I have a long way back to go. ∗ ∗ ∗ When I finally “wake up”, my head bursts with pain. It hurts so much that I cannot make a sound. There are fireworks in my eyes, so I cannot really see my surroundings. An attempt to move leads to an even greater pain and nausea that I hardly hold back. Suddenly, a cool hand touches me. The last thought before I lose consciousness is that it must be Nika. ∗ ∗ ∗ When I wake up again, I feel a bit better. Migraine is still pulsing in my head, but it’s bearable. I can feel sunlight through closed eyelids, so I realize that it’s morning already. It’s time to get up, but I continue to lie with my eyes closed and think about the past years. ∗ ∗ ∗ I recall how we started dating after that night at the camp. We spent the whole summer together walking in parks, cycling around the city and watching movies at her parents’ home. I recall that in a couple of months we had our first sex. It wasn’t something to brag about: it was actually pretty awkward. Yet it moved our relationship to a whole next level. I recall how Nika got into an accident after the prom. She broke her ankles in several places, and it left large terrible scars. That’s when she stopped wearing skirts or dresses. I recall that we enrolled in the same university, but this time we also went to the same program. I recall that after the first year in university, we got the identical tattoos on our shins. It covered the scars she was ashamed of. I recall that one year later she discovered that she can time travel. She told me about it at once, and we experimented with her ability a lot together. I recall that in a couple of years we finally started living together, and a year and a half ago I proposed to her. The wedding took place on June 22, and Max was my best man. I recall that I woke up the next morning and saw Max sleeping on an armchair in our living room. He was drunk as hell, but most importantly he was alive. I recall that we went to Spain for our honeymoon. On the last day of this vacation I looked at Nika’s happy face for the last time in the past. Then I finally “woke up”. ∗ ∗ ∗ I hear someone calling my name. I open my eyes to see Nika lying next to me in the bed. But at that very second when the light hits my eyes, agony comes back. Just before I start screaming, I realize that I can only see with my left eye. Nika rushes to me. She’s clearly scared. I try to get up, but I can’t. It feels like every bone in my body is broken. Fighting the excruciating pain, I try to tell Nika what happened, but for some reason my words get stuck somewhere between my brain and my mouth. At last, Nika pulls out her phone and calls an ambulance. ∗ ∗ ∗ When they took me to the hospital, I was already feeling a bit better. Doctors examined me for days. They did a bunch of CT scans and gave me several mutually exclusive diagnoses. In the end they agreed that I had an atypical ischemic stroke. At least it explained some part of my symptoms like partial loss of vision and aphasia. I didn’t insist on specifying the diagnosis. It was crystal clear to me that modern science doesn't have the slightest idea about what happens in the human brain when its synapses try to adjust for several years of contradicting memories. Speech disorder and loss of coordination passed quickly. In a couple of weeks migraines stopped as well. However, I lost sight in my right eye permanently. And that wasn’t the worst of it. First of all, when I was finally discharged from the intensive care, Nika and I had a long unpleasant conversation. She cried at me, called me an irresponsible idiot and liar. I had nothing to say to defend myself. I was guilty in every way. In the end she calmed down and even seemed to forgive me. But when I was discharged from the hospital, I discovered another troubling matter. I was unable to “dive”. We spent a lot of time working on it. Nika tried to help me, believing that my skills got rusty because of many years of break. But it was to no avail. I lost my power completely. It would be difficult to understand me for someone who had never wielded such a power. Imagine that one morning you try to get up from your bed and suddenly realize that you forgot how to walk. You put your feet on the floor, but you fall whenever you try to stand up. That’s exactly how I felt. I also remembered how a long time ago Uncle Misha said: “When you are fixed, you’ll understand”. Of course, I couldn’t know for sure, but I assumed that each person has some kind of the internal limit of energy. Each time that we traveled back and forth, we spent some of it. I didn’t know whether this energy source used to replenish after coming back or not, but it didn’t matter anymore. My last “dive” exhausted it completely, because I spent too much time in the past. I became fixed. Nika shared my pain and sincerely sympathized, but it didn’t help. She was a successful software engineer with a perfect life (how could it be not perfect, if she was able to magically fix any problems?). I was disabled and suffering from constant migraines and deep depression. Each day we became more distant, and I was the only one guilty. There was another unpleasant surprise. Now, when I was fixed, my memory started to work in a funny way. Each time when anybody changed the past, I continued to remember the old version of events instead of a new one. This strange effect manifested itself for the first time when Nika called me from the office and asked me to look for her keys. I found them and told her so. The next thing I remember, I was sitting at the computer and there were no keys on the table. It felt rather disturbing, and my first thought was that I have some kind of memory lapses because of the stroke. Actually, the doctor warned me that such things could happen. But when Nika came home from work, she was shocked by this story even more than I. She told me that she actually called me today, because she thought that she lost her keys. When I said that I found them, she “dived” into the morning and simply took them. I could not possibly remember that, because there was no call in the new version of reality. At this point the gap between us grew even larger, and we started having trust issues. In addition, I began to notice other changes that clearly proved that there are many time travelers around, and they are constantly editing the past. One fine morning Nika and I were discussing our plans, and she mentioned that we were planning to go to the Twenty One Pilots show. The problem was that I’d never heard of these guys before. Manic Subsidal’s concert, that we had actually planned to visit, did not exist. In fact, there was no such band at all. Another day I opened to play Heroes of Might and Magic only to realize that my favorite Forge faction was nowhere to be found. Google told me that it was designed but never added to the game because of the negative fandom reaction. Several times I really got confused in my memories. Once I got off at the wrong stop when I was visiting my father. I mentioned a childhood friend who never existed to my mother (it scared her a lot). One time I even forgot the stove on (and I was pretty sure that I turned it off) ‒ Nika started scolding me, but then she saw a bewildered look on my face and simply started crying. At this very moment I suddenly understood that most likely Uncle Misha wasn’t really schizophrenic. ∗ ∗ ∗ The most difficult thing is to see pity and sympathy surrounding me. They think that I suffered a terrible trauma and now I have difficulties distinguishing reality from fantasy. Each time I want to scream that it’s them who do not see the real world. It’s their lives that are getting overwritten every day by a small group of people who have real power. It feels like a personal hell, designed specifically for me. Only I know what actually happens, but I cannot explain it to anyone. Each night I go to sleep thinking that I want to wake up from this reality. But I can’t.
The next difficulty change is predicted to be between +1.8% – +3.4%, making this a positive difficulty adjustment. Additionally, the tweet alluded to the effects of a positive adjustment following a negative adjustment to the Bitcoin difficulty. A difficulty adjustment is made every 2016 blocks, based on the time it took to mine the previous blocks. If the time required for the blocks to be ... Bitcoin difficulty is a value used to show how hard is it to find a hash that will be lower than target defined by system. Bitcoin mining difficulty is changed every 2016 blocks. The difficulty charts show that it has increased significantly. Before we even begin to understand what bitcoin mining difficulty means, we need to know how mining works. We have covered this topic in detail before, so we will just give you a little overview before getting into the different nuances of difficulty. Following that, we will look at how mining difficulty is calculated and how it changes to suit the network’s needs. On Dec. 3 Bitcoin’s mining difficulty experienced its second largest drop in its history after a -15 percent adjustment. This is according to data that was provided by BTC.com, a major Chinese mining pool. It follows the steady fall in the price of the top cryptocurrency that seems to have accelerated since Nov. 14. So, far […] The Bitcoin Network Difficulty Metric The Bitcoin network difficulty is the measure of how difficult it is to find a new block compared to the easiest it can ever be. It is recalculated every 2016 blocks to a value such that the previous 2016 blocks would have been generated in exactly two weeks had everyone been mining at this difficulty. This will yield, on average, one block every ten ...
How Bitcoin Futures Contracts Affect Bitcoin Price (2018 ...
Bitcoin has become the most popular cryptocurrency based on a peer-to-peer network. In Aug. 2017, Bitcoin was split into the original Bitcoin (BTC) and Bitcoin Cash (BCH). Since then, miners have ... For more info concerning Bitcoin wallet card, litecoin wallet card, please visit site right here: http://www.cryptocoinwalletcards.com/ Tags: asic bitcoin mi... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. In late 2017, future contracts became available for bitcoin, And many market observers believe that specifically future contracts are the main force that cau... What is crypto mining difficulty, how is it adjusted, what is the point of a block time? Vosk explains how the difficulty for mining a block reward is adjusted when mining Bitcoin on sha-256 or ...