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Buy and Sell Bitcoin at any 7-Eleven Store in the Philippines

Buy and Sell Bitcoin at any 7-Eleven Store in the Philippines submitted by coremedia-info to btc [link] [comments]

Buy and Sell Bitcoin at any 7-Eleven Store in the Philippines

Buy and Sell Bitcoin at any 7-Eleven Store in the Philippines submitted by coremedia-info to Bitcoin [link] [comments]

Thanks to all who submitted questions for Shiv Malik in the GAINS AMA yesterday, it was great to see so much interest in Data Unions! You can read the full transcript here:

Thanks to all who submitted questions for Shiv Malik in the GAINS AMA yesterday, it was great to see so much interest in Data Unions! You can read the full transcript here:

Gains x Streamr AMA Recap

https://preview.redd.it/o74jlxia8im51.png?width=1236&format=png&auto=webp&s=93eb37a3c9ed31dc3bf31c91295c6ee32e1582be
Thanks to everyone in our community who attended the GAINS AMA yesterday with, Shiv Malik. We were excited to see that so many people attended and gladly overwhelmed by the amount of questions we got from you on Twitter and Telegram. We decided to do a little recap of the session for anyone who missed it, and to archive some points we haven’t previously discussed with our community. Happy reading and thanks to Alexandre and Henry for having us on their channel!
What is the project about in a few simple sentences?
At Streamr we are building a real-time network for tomorrow’s data economy. It’s a decentralized, peer-to-peer network which we are hoping will one day replace centralized message brokers like Amazon’s AWS services. On top of that one of the things I’m most excited about are Data Unions. With Data Unions anyone can join the data economy and start monetizing the data they already produce. Streamr’s Data Union framework provides a really easy way for devs to start building their own data unions and can also be easily integrated into any existing apps.
Okay, sounds interesting. Do you have a concrete example you could give us to make it easier to understand?
The best example of a Data Union is the first one that has been built out of our stack. It's called Swash and it's a browser plugin.
You can download it here: http://swashapp.io/
And basically it helps you monetize the data you already generate (day in day out) as you browse the web. It's the sort of data that Google already knows about you. But this way, with Swash, you can actually monetize it yourself. The more people that join the union, the more powerful it becomes and the greater the rewards are for everyone as the data product sells to potential buyers.
Very interesting. What stage is the project/product at? It's live, right?
Yes. It's live. And the Data Union framework is in public beta. The Network is on course to be fully decentralized at some point next year.
How much can a regular person browsing the Internet expect to make for example?
So that's a great question. The answer is no one quite knows yet. We do know that this sort of data (consumer insights) is worth hundreds of millions and really isn't available in high quality. So With a union of a few million people, everyone could be getting 20-50 dollars a year. But it'll take a few years at least to realise that growth. Of course Swash is just one data union amongst many possible others (which are now starting to get built out on our platform!)
With Swash, I believe they now have 3,000 members. They need to get to 50,000 before they become really viable but they are yet to do any marketing. So all that is organic growth.
I assume the data is anonymized btw?
Yes. And there in fact a few privacy protecting tools Swash supplys to its users.
How does Swash compare to Brave?
So Brave really is about consent for people's attention and getting paid for that. They don't sell your data as such.
Swash can of course be a plugin with Brave and therefore you can make passive income browsing the internet. Whilst also then consenting to advertising if you so want to earn BAT.
Of course it's Streamr that is powering Swash. And we're looking at powering other DUs - say for example mobile applications.
The holy grail might be having already existing apps and platforms out there, integrating DU tech into their apps so people can consent (or not) to having their data sold - and then getting a cut of that revenue when it does sell.
The other thing to recognise is that the big tech companies monopolise data on a vast scale - data that we of course produce for them. That is stifling innovation.
Take for example a competitor map app. To effectively compete with Google maps or Waze, they need millions of users feeding real time data into it.
Without that - it's like Google maps used to be - static and a bit useless.
Right, so how do you convince these big tech companies that are producing these big apps to integrate with Streamr? Does it mean they wouldn't be able to monetize data as well on their end if it becomes more available through an aggregation of individuals?
If a map application does manage to scale to that level then inevitably Google buys them out - that's what happened with Waze.
But if you have a data union which bundles together the raw location data of millions of people then any application builder can come along and license that data for their app. This encourages all sorts of innovation and breaks the monopoly.
We're currently having conversations with Mobile Network operators to see if they want to pilot this new approach to data monetization. And that's what even more exciting. Just be explicit with users - do you want to sell your data? Okay, if yes, then which data point do you want to sell.
Then the mobile network operator (like T-mobile for example) then organises the sale of the data of those who consent and everyone gets a cut.
Streamr - in this example provides the backend to port and bundle the data, and also the token and payment rail for the payments.
So for big companies (mobile operators in this case), it's less logistics, handing over the implementation to you, and simply taking a cut?
It's a vision that we'll be able to talk more about more concretely in a few weeks time 😁
Compared to having to make sense of that data themselves (in the past) and selling it themselves
Sort of.
We provide the backened to port the data and the template smart contracts to distribute the payments.
They get to focus on finding buyers for the data and ensuring that the data that is being collected from the app is the kind of data that is valuable and useful to the world.
(Through our sister company TX, we also help build out the applications for them and ensure a smooth integration).
The other thing to add is that the reason why this vision is working, is that the current data economy is under attack. Not just from privacy laws such as GDPR, but also from Google shutting down cookies, bidstream data being investigated by the FTC (for example) and Apple making changes to IoS14 to make third party data sharing more explicit for users.
All this means that the only real places for thousands of multinationals to buy the sort of consumer insights they need to ensure good business decisions will be owned by Google/FB etc, or from SDKs or through this method - from overt, rich, consent from the consumer in return for a cut of the earnings.
A couple of questions to get a better feel about Streamr as a whole now and where it came from. How many people are in the team? For how long have you been working on Streamr?
We are around 35 people with one office in Zug, Switzerland and another one in Helsinki. But there are team members all over the globe, we’ve people in the US, Spain, the UK, Germany, Poland, Australia and Singapore. I joined Streamr back in 2017 during the ICO craze (but not for that reason!)
And did you raise funds so far? If so, how did you handle them? Are you planning to do any future raises?
We did an ICO back in Sept/Oct 2017 in which we raised around 30 Millions CHF. The funds give us enough runway for around five/six years to finalize our roadmap. We’ve also simultaneously opened up a sister company consultancy business, TX which helps enterprise clients implementing the Streamr stack. We've got no more plans to raise more!
What is the token use case? How did you make sure it captures the value of the ecosystem you're building
The token is used for payments on the Marketplace (such as for Data Union products for example) also for the broker nodes in the Network. ( we haven't talked much about the P2P network but it's our project's secret sauce).
The broker nodes will be paid in DATAcoin for providing bandwidth. We are currently working together with Blockscience on our tokeneconomics. We’ve just started the second phase in their consultancy process and will be soon able to share more on the Streamr Network’s tokeneconoimcs.
But if you want to summate the Network in a sentence or two - imagine the Bittorrent network being run by nodes who get paid to do so. Except that instead of passing around static files, it's realtime data streams.
That of course means it's really well suited for the IoT economy.
Well, let's continue with questions from Twitter and this one comes at the perfect time. Can Streamr Network be used to transfer data from IOT devices? Is the network bandwidth sufficient? How is it possible to monetize the received data from a huge number of IOT devices? From u/ EgorCypto
Yes, IoT devices are a perfect use case for the Network. When it comes to the network’s bandwidth and speed - the Streamr team just recently did extensive research to find out how well the network scales.
The result was that it is on par with centralized solutions. We ran experiments with network sizes between 32 to 2048 nodes and in the largest network of 2048 nodes, 99% of deliveries happened within 362 ms globally.
To put these results in context, PubNub, a centralized message brokering service, promises to deliver messages within 250 ms — and that’s a centralized service! So we're super happy with those results.
Here's a link to the paper:
https://medium.com/streamrblog/streamr-network-performance-and-scalability-whitepaper-adb461edd002
While we're on the technical side, second question from Twitter: Can you be sure that valuable data is safe and not shared with service providers? Are you using any encryption methods? From u/ CryptoMatvey
Yes, the messages in the Network are encrypted. Currently all nodes are still run by the Streamr team. This will change in the Brubeck release - our last milestone on the roadmap - when end-to-end encryption is added. This release adds end-to-end encryption and automatic key exchange mechanisms, ensuring that node operators can not access any confidential data.
If BTW - you want to get very technical the encryption algorithms we are using are: AES (AES-256-CTR) for encryption of data payloads, RSA (PKCS #1) for securely exchanging the AES keys and ECDSA (secp256k1) for data signing (same as Bitcoin and Ethereum).
Last question from Twitter, less technical now :) In their AMA ad, they say that Streamr has three unions, Swash, Tracey and MyDiem. Why does Tracey help fisherfolk in the Philippines monetize their catch data? Do they only work with this country or do they plan to expand? From u/ alej_pacedo
So yes, Tracey is one of the first Data Unions on top of the Streamr stack. Currently we are working together with the WWF-Philippines and the UnionBank of the Philippines on doing a first pilot with local fishing communities in the Philippines.
WWF is interested in the catch data to protect wildlife and make sure that no overfishing happens. And at the same time the fisherfolk are incentivized to record their catch data by being able to access micro loans from banks, which in turn helps them make their business more profitable.
So far, we have lots of interest from other places in South East Asia which would like to use Tracey, too. In fact TX have already had explicit interest in building out the use cases in other countries and not just for sea-food tracking, but also for many other agricultural products.
(I think they had a call this week about a use case involving cows 😂)
I recall late last year, that the Streamr Data Union framework was launched into private beta, now public beta was recently released. What are the differences? Any added new features? By u/ Idee02
The main difference will be that the DU 2.0 release will be more reliable and also more transparent since the sidechain we are using for micropayments is also now based on blockchain consensus (PoA).
Are there plans in the pipeline for Streamr to focus on the consumer-facing products themselves or will the emphasis be on the further development of the underlying engine?by u/ Andromedamin
We're all about what's under the hood. We want third party devs to take on the challenge of building the consumer facing apps. We know it would be foolish to try and do it all!
As a project how do you consider the progress of the project to fully developed (in % of progress plz) by u/ Hash2T
We're about 60% through I reckon!
What tools does Streamr offer developers so that they can create their own DApps and monetize data?What is Streamr Architecture? How do the Ethereum blockchain and the Streamr network and Streamr Core applications interact? By u/ CryptoDurden
We'll be releasing the Data UNion framework in a few weeks from now and I think DApp builders will be impressed with what they find.
We all know that Blockchain has many disadvantages as well,
So why did Streamr choose blockchain as a combination for its technology?
What's your plan to merge Blockchain with your technologies to make it safer and more convenient for your users? By u/ noonecanstopme
So we're not a blockchain ourselves - that's important to note. The P2P network only uses BC tech for the payments. Why on earth for example would you want to store every single piece of info on a blockchain. You should only store what you want to store. And that should probably happen off chain.
So we think we got the mix right there.
What were the requirements needed for node setup ? by u/ John097
Good q - we're still working on that but those specs will be out in the next release.
How does the STREAMR team ensure good data is entered into the blockchain by participants? By u/ kartika84
Another great Q there! From the product buying end, this will be done by reputation. But ensuring the quality of the data as it passes through the network - if that is what you also mean - is all about getting the architecture right. In a decentralised network, that's not easy as data points in streams have to arrive in the right order. It's one of the biggest challenges but we think we're solving it in a really decentralised way.
What are the requirements for integrating applications with Data Union? What role does the DATA token play in this case? By u/ JP_Morgan_Chase
There are no specific requirements as such, just that your application needs to generate some kind of real-time data. Data Union members and administrators are both paid in DATA by data buyers coming from the Streamr marketplace.
Regarding security and legality, how does STREAMR guarantee that the data uploaded by a given user belongs to him and he can monetize and capitalize on it? By u/ kherrera22
So that's a sort of million dollar question for anyone involved in a digital industry. Within our system there are ways of ensuring that but in the end the negotiation of data licensing will still, in many ways be done human to human and via legal licenses rather than smart contracts. at least when it comes to sizeable data products. There are more answers to this but it's a long one!
Okay thank you all for all of those!
The AMA took place in the GAINS Telegram group 10/09/20. Answers by Shiv Malik.
submitted by thamilton5 to streamr [link] [comments]

Coins.ph: Pros and Cons

Coins.ph is a Philippine-made virtual wallet founded in 2014 by Silicon Valley entrepreneurs Ron Hose and Runar Petursson. It is the first virtual currency provider in the country to be licensed by the Bangko Sentral ng Pilipinas (BSP) with a Virtual Currency Exchange license.
This platform allows its users to top up prepaid load; send and receive money; pay bills; avail game credits; store and convert cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH), Etherium (ETH), and Ripple (XRP).
Almost 5 Million customers have been using the platform in various transactions since 2014.
Since it is regulated and licensed by the Central Bank of the Philippines, safe and secure ways to make digital payments, as well as cryptocurrency buy and sell services is guaranteed to its users.
We are subject to the rules and regulations set forth by the BSP and the Anti-Money Laundering Act (AMLA).
Under strict regulatory requirements, we operate with a very high level of security, with industry-standard measures such as SSL connections to AES-225 Encryption.
- Coins.ph Support Team
https://support.coins.ph/hc/en-us/articles/360000274842-Is-Coins-ph-safe
This can be simply accessed by downloading the App directly from App Store or visiting the link: https://coins.ph
Now, let's talk about the Pros and Cons of this platform.
PROs :
• Cash in and cash out are almost available with over 33,000 partner location throughout the country.
Cash In options includes E-wallet (Coins.ph, GCash, Globe GCASH via Dragonpay, PayMaya Philippines, Inc.); Online Bank Transfer; Over-the-Counter Banking (BPI, Chinabank, UnionBank Cash Deposit); Remittance Center (Bayad center, Cebuana Lhuillier, LBC Bills Xpress, M Lhuillier ePay, Palawan Pawnshop, PeraHub, Tambunting Pawnshop); Department Stores (Robinsons Business Center, SM Bills Payment Center); International Options (Remitly, Ria Money Transfer, WorldRemit); and Kiosk Payment (Posible, TouchPay Kiosk, eTap Deposit)
For Cash Out, options includes Remittance Center (LBC Instant Peso Padala, Palawan Express Pera Padala, M Lhuillier Cash Pickup); Banks; E-wallets (GCash, GrabPay PH, PayMaya); Cash Cards (Coins.ph, BDO, RCBC, Smart Money Card); Door-to-door delivery (LBC Pesopak); Tollway Credits (Autosweep RFID, Easytrip NLEX Toll); and Cardless ATM Instant Payout available 24/7.
• No banks needed to make e-payments
• Account Verification through App or website
• Easy buying, selling, sending and receiving cryptocurrencies (Bitcoin, Bitcoin Cash, Etherium, Ripple)
• User-friendly interface
• Lots of Promotion like instant 10% cashback on prepaid load (rebate); P5 cashback for each unique bill payment and P100 cashback for 5 unique bills; 1:1 pricing for all game credits; sending funds to any bank account via instaPay free of charge; and many more.
• Can be linked to Facebook account
CONs:
• It’s compliance with Know-Your-Costumer regulation requires the users to verify private information in order to maximize spending limits. A selfie while holding government-issued ID card is a must to clear verification stage;
• Minimal range of accepted IDs for verification
• Users can’t shop around for best price on cryptocurrencies
• Higher fees applied for cryptocurrency conversion to fiat money
• Higher fees for sending and receiving cryptocurrencies
Based on the above-mentioned advantages and disadvantages in using Coins.ph, it is therefore concluded that this e-wallet is best for any transactions in PHP like buying prepaid load, paying bills or remittance purposes however, doesn’t work well for crypto-enthusiast dealing with trading cryptos due to the rates and fees.
Speaking from my own experience, coins.ph helped me a lot in saving time, energy and money since I don’t need to come visit the outlets or payment centers to complete my transactions.
Feel free to comment down your experience with Coins.ph!
submitted by jBaij to btc [link] [comments]

Bexpress pro (Trading app)

Bexpress Pro
Supports various online remittance and withdrawal methods You can send and withdraw money in various (BTC, ETH, PHP) with low fee.
Fast and secure transactions Through virtual account, you can transact instantly Express Buy and Express Sell as well as an ordinary transactions by Live Trading.
Certified in Philippine Government You can trust and trade with the Philippine government's certified online coin exchange and offline exchange.
Fast and simple mobile app for Android and iOS allows you to transact at anytime, anywhere.
Buy and sell three supported virtual currency, from Bitcoin to Ethereum, Ripple. We are planning to add various virtual currencies later.
Providing a secure transaction environment through a high level of security system and we adhere to the exchange regulations issued by the Philippine Government.
Receive and resolve customer complaints quickly, by providing customer support 24/7 via Live chat.
Install Bexpress Pro in Google Play or App store now.
Google Play: https://play.google.com/store/apps/details?id=com.candelachain.bexpro App store: https://apps.apple.com/kapp/bexpress-pro/id1390991882
You may also access the newly developed web version of Bexpress Pro by clicking this link: https://trade.bexpro.ph.
submitted by maglenterichell to u/maglenterichell [link] [comments]

r/Bitcoin recap - June 2019

Hi Bitcoiners!
I’m back with the 30th monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in May 2019
Adoption
Development
Security
Mining
Business
Research
Education
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

Swipe Leverages Chainlink to Bring Decentralized Pricing into the Swipe Network

Swipe Leverages Chainlink to Bring Decentralized Pricing into the Swipe Network

https://preview.redd.it/ivgfmcbd6eg41.jpg?width=1280&format=pjpg&auto=webp&s=c57158ec9388c097fe129ae3799de4b0dbe8468b
Swipe recently collaborated with Chainlink, a reliable decentralized oracle network provider that offers high-security data solutions to smart contracts on any blockchain. The new integration will enable the Swipe platform to access Chainlink’s decentralized price feed oracles, particularly their ETH-USD Price Reference Contract and a custom-built decentralized price reference network for SXP-USD, representing Swipe’s native token.
Chainlink’s oracle solution will allow Swipe to create a stable, yet decentralized bridge between reliable off-chain prices and Swipe’s on-chain transactions. This is accomplished by having multiple Chainlink oracles evaluate the same data point, thus eliminating one oracle being a single point of failure or absolute truth.
Decentralized applications are only as strong as their weakest component. Hence, why highly secure blockchain-based smart contracts are insecure if being triggered by data about price conversions from a single, centralized oracle. By decentralizing the data sourcing around token price conversions for point of sale transactions, such as through the SXP-USD decentralized price feed, Swipe users get more secure, reliable, and accurate pricing when buying, selling, and spending SXP.
Additionally, Swipe is using Chainlink’s ETH-USD price feed to cross-reference against the SXP-USD price feed to allow users to spend SXP directly on Ethereum Dapps. By knowing the SXP and ETH price in USD, The Swipe platform could easily convert it using Swipe’s point of sale conversion technology.
Swipe’s CEO Joselito Lizarondo stated, “I believe this relationship is vital for Swipe users who need access to Chainlink’s trusted oracle services. By collaborating with Chainlink, Swipe will effectively address the security problems for off-chain connections that currently exist for users of the Swipe Network Wallet-Contacts.”
About Swipe
Swipe is a wallet application and card platform that grants users access to buy, sell, and pay with 20+ digital currencies. Through its proprietary Swipe Network, users are enabled to convert digital currencies to fiat currencies on-demand. Swipe is headquartered in London with additional locations in the United States, Estonia, and the Philippines. Its mission is to enable users around the world access to financial services tied into digital currencies. The Swipe Wallet is available both on the Apple iOS and Google Play app stores. Learn more about Swipe by visiting Swipe.io, Twitter or Facebook.
About Chainlink
Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. Chainlink is consistently selected as one of the top blockchain technologies by leading independent research firms such as Gartner. It is well known for providing highly secure and reliable oracles to great companies like Google, Oracle, SWIFT, and many other large enterprises, as well as many of the world’s best smart contract projects/teams such as Web3/Polkadot, Synthetix, Loopring, Aave, Kaleido, OpenLaw, Reserve, and many more.
Learn more by visiting the Chainlink website, Twitter or Reddit. If you’re a developer, visit the developer documentation or join the technical discussion on Discord.
submitted by SwipeWallet to Swipe_io [link] [comments]

Cryptocurrencies and the circle of competence

A quick note to investors that believe the intrinsic value of bitcoin is 0 because they can't do a DCF on it: this isn't the place to argue with me about it. I suggest you read a bit more about what it actually is (hint: not a currency). I've defended its value in plenty of other posts on this sub. It's a $40+ billion market, so at least a few people agree with me. I welcome you to short the crypto of your choice if you think it's worth nothing. This is a post for folks that believe that cryptocurrencies have at least some discernible value and are considering investing in them.
If we have a strength, it is in recognizing when we are operating well within our circle of competence and when we are approaching the perimeter. – Warren Buffett
Given the tripling of the cryptocurrency market cap in the last few months and the 3- to 10-fold increases in virtually every major altcoin, cryptocurrencies like Ethereum and of course Bitcoin have been getting a stunning amount of attention in the press and on this subreddit recently.
If you follow the cryptocurrency world closely, you know that there have been a huge amount of dubious ICOs (initial coin offerings) on the market recently. It's an explosive time in crypto.
It's also a frustrating time for many long term bitcoiners and crypto fans, because we're faced with a barrage of questions from outsiders who see the returns and want to buy in to the "next big thing" and make a quick buck. This is a warning to those people.
Everyone is a genius is a rising market. It's hard to go wrong these days in crypto. Even coins of dubious merit like Ripple, Dogecoin, Stellar, NEM were pumped 5 times without any fundamental change. Speculators/investors have thrown money at crypto indiscriminately and efficient markets have 100% broken down. The altcoin pump right now is roughly comparable to the Dot Com crisis of the early 2000s.
  1. New tech promises to change the world
  2. Investors jump in on hype and promises
  3. A surge of IPOs (ICOs) occurs to capitalize on this
  4. "Greater fool" traders pile in, thinking they can make money even if the underlying is unsound
  5. Analysts claim "this time is different" while seasoned old hands refuse to participate
  6. Tech is proven not to be as developed as everyone thinks, market tanks
  7. Select few decent companies survive, all the trash is destroyed
  8. Tech eventually fulfills expectations, 10 years later, but none of the investors from the early days make money on it
However, canny (and skeptical) investors can still make money on crypto, as cryptocurrencies are inevitable, and will continue to expand and proliferate, even when the altcoin crash comes.
Something to realize first of all is that the crypto market is heterogeneous. It has straightforward cryptocurrencies (bitcoin, litecoin, dash, monero), smart-contract cryptos (ethereum, ethereum classic) and a whole bunch of crypto tokens that follow dedicated platforms (golem, augur, steem). Not mentioned are ripple and stellar because they aren't really cryptocurrencies at all.
The investing theses for all of these categories is radically different. The measure of success for a currency or store of value is adoption, merchant use, low volatility, a large network, and real world acceptance as something worth owning. Bitcoin has this right now, which is why it's more than 50% of the ecosystem, and none of its competitors are even close. Monero, Zcash, and Dash are a special case in that they try and make transactions anonymous and privacy, allowing for use cases on the darknet markets, for instance.
The tech underlying bitcoin is essentially sound, although it is having a scalability crisis, which you should read about. It can't right now serve as a currency which will buy you a cup of coffee - the transaction fees are too high. However if you want to send $200,000 from Mexico to Indonesia or China to the Philippines, you can do it within 20 minutes, and with fees of a few dollars. And if you want to store your wealth in a vault that is totally secure, and cannot be debased by a central bank, bitcoin is a good bet. This is highly relevant to folks in India that just had cash abolished, to Venezuelans, to Argentines, to Cypriots, to Nigerians, anywhere local currencies are weak and volatile. The potential value of a competing cryptocurrency lies in whether it can improve materially on bitcoin, whether it means incorporating off-chain scaling (segwit with litecoin), making it more private and fungible (monero), automating governance (decred), and so on.
Then there are cryptoassets that incorporate smart contracts. These – ethereum and its derivatives – exploded when the SEC denied the Bitcoin ETF back in march and bitcoiners got worried and started diversifying. This is the market segment that is highly risky, even by crypto standards, in my opinion. Ethereum is a protocol that allows contracts to self-enforce. Programming power to run the contracts is paid for with ethereum. Two parties agree to a contract, and it then self-executes. It's secured by a decentralized computing network of ethereum miners, so the contracts cannot be shut down by a government or corporation. It's pretty clever. Last year, a $150+ million contract was drawn up with ethereum, which would act like a venture capital fund, picking good investments just based on the votes of the token holders. This was called a Decentralized Autonomous Organization, and it was hacked before it could do anything. Well, it was exploited based on the code and so the exploit was totally "fair" given that the contract was meant to be inevitable, once agreed to. However, the creators of Ethereum didn't like the idea of losing $50 million, so they decided to collectively agree to amend the rules of the protocol itself (violating "Code is Law"), and jump onto a new one, which they would also call Ethereum, although it was really Ethereum 2.0. Some people got upset by this, because they thought that immutability and not arbitrarily rolling back the code was more important than some investors losing money because of poorly written code. They created Ethereum Classic, which is the original Ethereum chain. This wasn't what the Ethereum 2.0 folks thought would happen, but it did happen, so there are two competing Ethereum chains now.
Eventually, lots of decentralized apps were funded, via tokensales. A development team would say: "we're going to use ethereum to create a decentralized cloud computing/AI/prediction/gambling/timestamping/social media network." And then investors would buy the tokens, expecting that eventually the dev team would deliver, and the tokens would be in demand, since they would be required to use the network. It's a bit like buying in-game-currency when the game is announced, anticipating that the game would be wildly popular and you'd be able to sell it on later at a profit or acquire it cheaply to buy in-game items later on. However, many of us think that the promises are a bit extravagant, and that investors in these ICOs are probably going to lose money. The incentives aren't well aligned. Founders can just not deliver and run off with the money, and there's no regulatory body to enforce that. And for Ethereum more broadly, many people are worried that the turing-completeness of the language will mean it will face serious threats and unforeseeable hacks, like with the DAO. Finally, Ethereum has increased from around $20 to $90 in a matter of months, which raises the question of whether a) the market realized its true value or b) it was pumped on speculation. There's a huge set of unknowns with a smart contract currency, and virtually none of the promised dapps are up and running right now, and the ones that are haven't really attracted large userbases or delivered. This is because the tech is in its infancy, and the developers are still learning how to use it properly. So we won't know if these sorts of decentralized networks are even possible to create on the timelines that investors are expecting. Therefore, ethereum investors buying it on the promise of the realization of this tech in the near future are almost guaranteed to be disappointed. Additionally, ethereum is making the switch to the largely untested Proof of Stake algorithm, which will change incentives that secure the network. This brings me to my key point:
Stay within your circle of competence. You can grow your circle – slowly. Cryptoassets are almost impossibly complex to grasp with just a cursory look. Investing in them requires weeks of reading and a very skeptical view.
The above was an introduction to cryptocurrencies, the different ones on offer, and why investing in ethereum is not the slam dunk everyone thinks it is. This portion of the post will tell you about the kind of due diligence you need to do if you want to invest, rather than speculate, in crypto.
The first thing to mention is that passive investing in crypto has historically been a terrible strategy. Just buying bitcoin almost always outperformed. This was due to the poor set of altcoins, and the size of bitcoin's almost insurmountable network effect. This sort of changed in March and April when bitcoin's dominance went from 80% to ~50%, and it remains to be seen if this will persist or not. But the point is, buying the index is usually an awful strategy in crypto, particularly because there are so many truly awful projects out there.
So what does it take to invest responsibly in cryptocurrencies? It requires at least a basic understanding of three disciplines: public-private key cryptography; programming, and how open-source projects function; and economics, particularly game theory and the quantity theory of money. This is why is is so difficult to apprehend easily: because very few people actually boast a sincere understanding of these three topics. I certainly don't.
You need to be able to determine whether the tech is actually going anywhere, and whether the task the developers have set themselves is possible or realistic. You need to know how open source networks are governed, and which models strike the best balance between efficiency of decision-making and fair consensus. You need to be able to measure the inflation schedule of the cryptocurrency, and see whether your coins are going to inflated away. You need to be able to make plausible guesses about the potential market for the crypto and estimate future values. Note that the payoff structure is not equity-like. It's more like early stage venture capital, or buying loss-making biotech companies. Here's my checklist of questions to answer, ordered by importance:
  • Does the project offer a significant improvement over its nearest competitor, or a reasonable chance of success in its stated aim? Is there a demand for this project? Does it have a concise and reasonable goal? (Narrower goal: higher likelihood of success).
  • Is the development team competent? Are they committed to the coin? What's their track record? Is is an active dev team? Do they have a roadmap for the future? Are they transparent about goals?
  • How is the development team funded? Is the currency corporate-backed? Is the funding transparent? Was the coin significantly premined? (Usually bad) Are developers paid via iterative community project crowdfunding? (Usually good).
  • What is the governance structure of the currency? Who holds ultimate control over decisionmaking? How are decisions made? Are they transparent? Are mining/developer incentives aligned?
  • Does the asset have acceptance and use today? Does it have a functioning use case? If it doesn't, does it have a decent chance of being accepted?
  • Has the asset's "market cap" tripled or quintupled in the last few months? Was this based on any fundamental changes (new software releases, etc) or just speculation?
  • What are the transaction volumes like? (Hint: divide market cap by monthly averaged daily on-chain tx volume to find a consistent ratio) What's the ratio of on-chain transaction versus exchange speculation? Has price gone up independent of transaction volumes?
  • How long has the asset been around? Think of the Lindy effect. Older is usually better.
  • What's the community like? Is there censorship? Does it have an active subreddit? Do the developers answer questions? Are they accessible? How big is the github community? (Hint: you can divide market cap by github commits to find a comparable ratio).
  • Are you psychologically able to hold this coin in a 90% downturn? Is this a high conviction thesis or are you betting on being able to sell it to a greater fool?
How long did it take you to learn about investing in equities? Reading balance sheets, running DCF and DRI models, figuring out how to value a stock based on comparables? Years? How many mistakes did you make before you figured out how to be responsible?
Cryptos are an asset class that is both radically different from anything that has existed before. They are also incredibly heterogeneous, as I argued above. It also leads to cultism – so bitcoiners generally take a dim view of ethereum, and vice versa. Monero fans generally don't like dash, and so on. You have to keep your mind open to understand new opportunities as they arise, and to stop yourself becoming too mentally invested in your project of choice. The vast majority of projects will fail within 5 years, so becoming overly certain of the success of one will probably devastate you. If you can stay balanced, stay honest about your crypto's chances of success and adoption, not get tunnel vision, and not take overly risky positions, you have a good chance of not losing everything. Remember the payoff structure. Heavily rightward skewed. A ton of cryptos earn no return and a select few earn an absurd (1,000-10,000x) return.
None of this is necessary if you just want to invest randomly in one of the top ten cryptos. That's the strategy of 95% of investors today. Pick a coin and go. If it's not bitcoin, I can pretty much guarantee you'll lose money. The newer, the worse.
I've not made an effort to convince you that cryptos have intrinsic value. If you've made it this far, you probably think they're worth something at least. However, they're probably not worth as much as the market is pricing them at right now. Especially not those in the ethereum family. I'm not going to tell you what to invest in, because that would defeat the purpose of this post. I'm telling you to do your due diligence before blindly buying a crypto. And that due diligence on ethereum is as complex and difficult as Tesla or Amazon DD. And that your skills in equity valuation are pretty much useless in this asset class. My circle of competence doesn't extend to options or lean pork futures, so I don't touch those. I suggest that until you really feel comfortable in crypto, you don't buy randomly.
Summative thoughts:
  1. Investing in crypto is hard
  2. 90% of people that invest at market peaks will lose money
  3. You have to extremely skeptical and invest in high-conviction positions
  4. Cryptos are exhibiting bubbly behavior right now, it's a pretty bad time to pick one out
  5. Cryptos are nothing like equities but they do have real value
  6. Cryptos are the future, but almost none of these coins will survive 10 years
  7. The older the better
  8. Governance is key
  9. These are speculative positions, only invest what you can tolerate losing
  10. You can make money investing in cryptos
  11. Passively investing in cryptos doesn't work
  12. It's a winner takes most market, there won't be 1 crypto that wins. There will be different cryptos for different use cases.
edit: deleted chart with probabilities of success because of subjectivity and oversimplification.
edit2: I've been overwhelmed with PMs so bear with me. also, please forgive any spelling errors on this post. I wrote it in one frenzied sitting.
edit3: I knew I would get a fair amount of resistance from ethereum investors (even though I attempted to keep my post as balanced as possible) but I was unprepared from the breathtaking volume of spam and diversity of attacks. One particular user has made 30 comments in this thread. I don't have a stake in ETC, period. The post is 3000 words long and most of it is about how to properly do your due diligence in a crypto. if ethereum fares poorly by standard due diligence metrics, then perhaps your issue is deeper than one post on /investing.
final edit: there have been some broken-hearted ethereum fans very busy organizing brigades against this post, and attacking me personally, and so on. It's all very incovenient. I can tell that I struck a nerve. This post isn't really about ethereum - it's about how to do research in crypto, and why you can't expect to profit handsomely without that due diligence. I mentioned ethereum because there are 3 or 4 breathless posts on here a day about its stunning gains and whether it's worth investing in. My answer: read about it first, from a diverse set of sources. A final note: I do not own any ethereum classic, I have never owned ethereum classic. I brought it up because it is part of the ethereum story, and an example of what happens when you have a contested hard fork. I do hope that ethereum succeeds, I am just cautioning against over exuberance.
submitted by isrly_eder to investing [link] [comments]

r/Bitcoin recap - March 2019

Hi Bitcoiners!
I’m back with the 27th monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
A recap of Bitcoin in March 2019
Adoption
Development
Security
Mining
Business
Education
Regulation & Politics
Archeology (Financial Incumbents)
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

IAT - Instant Assets Tokens, which means tokens of instant assets.

This project is related to real estate. IAT plans to take a leading role in all aspects of real estate, to begin with at the local level, further on the world level, beginning with a change in the construction of the real estate market and rental housing.
The concept of IA tokens aims to revolutionize the real estate industry using blocking technology through the development of the IAT platform. The funds raised from the ICO will go to the development of the detachment. This project already has a management company. For tenants and buyers there will be discounts if they use the tokens of this project for a transaction inside the platform, for example, it can be a reduction in the rental rate, a reduced commission for asset management, etc.
Problems
Despite the profit that can be obtained from the real estate market, buyers can face many problems and limits. The IAT platform can help customers increase profits and solve the following problems.
Reduce transaction costs. For example, in the Philippines, the purchase and sale of real estate can take up to 24% of the total cost. This project plans to cut costs at least twice. Integrity and safety. Decentralized blocking ensures that all data that is stored in the database can not be changed or deleted. This eliminates the possibility of hacking by hackers. Transparency of transfers. All the information that is stored on the blockroom is transparent, which means that any person can see all the information stored here. Saves time and costs. The process of buying and selling housing can take several months because of the confirmation of documents. This blockade simplifies and speeds up this process, because all information from the parties will be stored here.
Advantages of IA token
The IAT system encourages the use of an internal token, called NIAT, in the following areas:
Rent. Purchase of assets. Payment for asset management services. Payment for furniture. Payment of tax advice and services. Payment of legal services Commission fee for the services of brokers and agents. A list of assets for sale or lease. Receiving revenue for rent or sale. Income model
Leasing of assets held by the company. The proceeds will be received from the leasing activity immediately after the acquisition. Realty Beacon Philippines Inc. is our current real estate management company. allows you to carry out leasing operations almost immediately after the acquisition. Sale of assets owned by the company. The company can sell a small part of the assets, in order to obtain a high profit. Property management services. The company will advertise our real estate management services on the platform. Individual owners. The company will charge 5% of successful rental transactions for profit taking and yet it will be beneficial for owners to use this platform. For example, the firm Airbnb charges about 15-20%. IAT Token
The maximum number of tokens that will be released on the market is 4,500,000,000 IA. The price of one token is 1 cent. Ether and bitcoin are accepted for payment. For sale will be available tokens, worth $ 20 million (applies to early investors, pre-sale and sale). Unsold tokens (40 million IA) will be given to charitable organizations and the remainder will be burned.
📷
Information on the token
Platform - broadcast
Type - ERC-20
The price of one IAT token is ICO = 0.01 $
Number of tokens for sale - 2,000,000,000
The minimum investment is 0.1 ETH
Accepted for payment - BTC, ETH, Fiat
Soft Cap - $ 1,000,000
Hard Cap - $ 20,000,000
To learn more about the IAT project, follow the links:
Website: https://www.iatokens.com/
Whitepaper: https://iatokens.com/docs/IAT%20WHITEPAPER.pdf
Twitter: https://twitter.com/IA_Tokens
Facebook: https://www.facebook.com/IATOfficial/
Telegram: https://t.me/iatokens
submitted by haa231900 to cryptotrader [link] [comments]

[ICO Review] Instant Assets ICO (IA Token): Real estate coding project

IAT - Instant Assets Tokens, which means tokens of instant assets.
This project is related to real estate. IAT plans to take a leading role in all aspects of real estate, to begin with at the local level, further on the world level, beginning with a change in the construction of the real estate market and rental housing.
The concept of IA tokens aims to revolutionize the real estate industry using blocking technology through the development of the IAT platform. The funds raised from the ICO will go to the development of the detachment. This project already has a management company. For tenants and buyers there will be discounts if they use the tokens of this project for a transaction inside the platform, for example, it can be a reduction in the rental rate, a reduced commission for asset management, etc.
Problems
Despite the profit that can be obtained from the real estate market, buyers can face many problems and limits. The IAT platform can help customers increase profits and solve the following problems.
Reduce transaction costs. For example, in the Philippines, the purchase and sale of real estate can take up to 24% of the total cost. This project plans to cut costs at least twice. Integrity and safety. Decentralized blocking ensures that all data that is stored in the database can not be changed or deleted. This eliminates the possibility of hacking by hackers. Transparency of transfers. All the information that is stored on the blockroom is transparent, which means that any person can see all the information stored here. Saves time and costs. The process of buying and selling housing can take several months because of the confirmation of documents. This blockade simplifies and speeds up this process, because all information from the parties will be stored here.
Advantages of IA token
The IAT system encourages the use of an internal token, called NIAT, in the following areas:
Rent. Purchase of assets. Payment for asset management services. Payment for furniture. Payment of tax advice and services. Payment of legal services Commission fee for the services of brokers and agents. A list of assets for sale or lease. Receiving revenue for rent or sale. Income model
Leasing of assets held by the company. The proceeds will be received from the leasing activity immediately after the acquisition. Realty Beacon Philippines Inc. is our current real estate management company. allows you to carry out leasing operations almost immediately after the acquisition. Sale of assets owned by the company. The company can sell a small part of the assets, in order to obtain a high profit. Property management services. The company will advertise our real estate management services on the platform. Individual owners. The company will charge 5% of successful rental transactions for profit taking and yet it will be beneficial for owners to use this platform. For example, the firm Airbnb charges about 15-20%. IAT Token
The maximum number of tokens that will be released on the market is 4,500,000,000 IA. The price of one token is 1 cent. Ether and bitcoin are accepted for payment. For sale will be available tokens, worth $ 20 million (applies to early investors, pre-sale and sale). Unsold tokens (40 million IA) will be given to charitable organizations and the remainder will be burned.
Information on the token
Platform - broadcast
Type - ERC-20
The price of one IAT token is ICO = 0.01 $
Number of tokens for sale - 2,000,000,000
The minimum investment is 0.1 ETH
Accepted for payment - BTC, ETH, Fiat
Soft Cap - $ 1,000,000
Hard Cap - $ 20,000,000
To learn more about the IAT project, follow the links:
Website: https://www.iatokens.com/
Whitepaper: https://iatokens.com/docs/IAT%20WHITEPAPER.pdf
Twitter: https://twitter.com/IA_Tokens
Telegram: https://t.me/iatokens
submitted by haa231900 to cryptotrader [link] [comments]

It sucks to be broke again.

My Lower-Middle Class Family
I grew up watching my mom and dad fighting over money. They weren’t two funny leprechauns fighting over a bag of gold. They were two adults yelling at each other about things I couldn’t understand.
My dad was the only one with an income at the time; my mom had quit her job to take care of me and my brother at home. Despite working at an office in an airport, my dad’s pay was small. Maybe something about being under a manpower company. Understandably, my dad wanted to be thrifty. He’s barely able to save money however. My mom on the other hand thinks its better to invest that money. She’s right but sadly she makes very bad investments.
My mom is basically a junkie for make-money-fast schemes. Multilevel marketing with magical supplements that can cure any ailment? She’s done it. Making commission off helping sell property? Yup. Hey, have you heard about bitcoin? Yeah, you should see the facebook groups and group chats she’s in. Did she make money off any of this? Yeah, a bit, but not enough to cover her own expenses and the time she spent attending events and meetings. Long-story short, she’s bad with money. To make things worse, she also buys a lot of crap we don’t need. In the Philippines we have a lot of thrift stores and my mom can’t stop spending money on clothes and kitchen appliances. She’s actually kind of a hoarder but that’s a story for another time.
So, it’s not a surprise that my mom and dad fight a lot about money. Well, not really fight. My dad just gets really upset when my mom asks him for money knowing that she’ll buy something stupid with it. He always angrily yells out things like “Magdahan-dahan naman kayo sa paghingi ng pera” (~“Stop asking for money all the time”) and “Di naman kayo ang nagbabayad” (“You’re not the ones who pay”). Note that ‘kayo’ in Filipino is the plural form of ‘you’ which means he’s addressing everyone at home.
That got to me. Even if I needed money for school, I’d refrain from asking my dad for money. The idea of stressing him out stressed me out too, so as much as I could, I tried not to ask for any money from him, other than my daily allowance of P100 (~$2) which was barely enough to get a snack and to pay the fares.
Our home might better show how broke we really are. For about three years now, our front door was kept shut by a bolt-lock when everyone’s inside and a padlock when everyone’s out. The door has rotten and fallen apart and my dad just haphazardly pieced it together. One good kick is all it will take to open that up then we’ll get robbed. I’m surprised we still haven’t been. Then there’s our ceiling which is literally falling apart, thanks to the many cats running around in it. We also have malnourished dogs; I’m not proud of that. I’m not proud of any of this.
Being Broke in College
Here’s a fun fact: about a year after my ex and I separated, I asked if I could get a loan from her because I needed to buy a laptop. A few months later I add another loan for an expensive project at uni. When I told my current girlfriend about this she was just like “Oh my god, David.” I’m guessing she won’t be lending me any money if we break up.
Kidding aside, I did have a lot of expenses in uni, and never enough money. The only reason I’m able to study in the university is my scholarship. I only bought a laptop in my fifth year in college, and yes, I really did borrow money from my ex for it.
I tried different thrifty strategies. I tried packing lunch. I tried walking instead of riding public tranpo, to save a few coins. Sometimes I’d walk home just because I didn’t have any money left at all. What small money I had saved was never enough whenever I had stuff to pay for. My only relief was my small stipend from my undergrad scholarship. It wasn’t a lot, but it certainly helped.
Realizing how broke I was, I wanted to make some money. I needed to. That’s when I started tutoring.
What I liked about tutoring is how easy it was for me. Oh, your son needs help with linear algebra? Easy shit. Polynomials? Pffft, nothing an engineering student couldn’t handle. World history? Wait, I’m gonna have to review that first. In all seriousness, I think I’m a good tutor. All my students have said so themselves. And the pay was good enough for me, at my highest I made an extra P2400 a week. It was nice being able to go to the canteen and not having to look for the cheapest item on the menu.
What I didn’t like about tutoring was the time it took from me. I could be working on that paper but here I am commuting on the train. I could be studying for that test but here I am teaching a kid how to combine variables. It was a necessary tradeoff. My grades suffered a bit but not enough that I had to worry about losing my scholarship. So, I tutored for a few years more.
The Climb Out
Eventually, I graduated, 2018. Finished cum luade, thank you very much (although I always regret not pushing a bit harder to make it to magna cum laude). Instead of preparing for the board exams and eventually joining the work force, I decided it would be better to take graduate studies, this time in computer science.
It was a good decision. The government offers scholarships for full-time graduate students with a competitive monthly allowance. This was it. This was the financial stability I was hoping for. I’ll finally be able to get that god damned door fixed.
A few weeks ago I signed the contract. I was officially a scholar. They gave me a bank account for the money they’ll give me every month. Never really had a bank account before. Neat. A few weeks later the first few allowances come in. I have five digits in my account, close to six. Nice. I pay off my debt to my ex (we’re in good terms, really). I buy a kindle to help me study; it’s secondhand. I’m still cheap. I also buy more dog food. I look at the price of doors online.
Most importantly, I was also planning ahead and considering making some investments. Banks won’t grow my money. I need to make an investment. I compare different trust funds, bonds, and investment options. I consider getting a small franchise, money I’m willing to lose. I also want to get my teeth done, and get my stomach checked. I install the moneylover app. I make budgets. I also tell my dad to stop giving my daily allowance. I don’t need it anymore.
I didn’t realize it at the time but I was genuinely happy then. I was finally getting my shit together. I was starting to be financially capable and I focused on my studies, no more tutoring on the side needed. Then suddenly…
My Mom Falls Ill
At first it was just a bad case of sinusitis. My dad had been able to save lately, with two kids out of college after all. He paid for the expenses and she was out in a day. The problem is, she doesn’t get better. She only gets worse. Three weeks after the first ER visit, we find a tumor in her head, a cyst in her liver, and a mass in her lungs.
Years of smoking. The results of her biopsy are not in yet but it’s most likely cancer, and it’s most likely spread from the lungs to different parts of her. The doctors warn us that treatment is gonna be pricey. Treatment hasn’t even started yet but our money is already being drained by the medical expenses. I withdrew most my cash and gave it to my dad. Right now there’s only enough there to keep the account open. My dad has been withdrawing most of his cash too. My brother is helping too, but he’s making so little money being a on-call photographer. We’re begging family and friends to help. The expenses keep piling up. One time I was at a pharmacy buying an antibiotic called ertapenem and when the pharmacist told me how much it cost I actually yelled out ‘WHAT?’, thinking that there must be some kind of mistake.
I’m not sure we can keep this up. I’m not sure I can. This is just pre-treatment expenses. There might be chemo, surgery, probably more things ahead. Our doctor gave us an estimate of how much her brain surgery might cost. Our combined bank accounts can barely cover a third of it. It’s stressing me so much that I’m getting migraines just thinking about it, and I constantly think about it. Other times I just want to break down and cry. I haven’t so far.
Big picture, I tell myself. Big picture. The money will probably come. Your relatives are well off; well better than you. Don’t worry about it. Help will come. You’ll afford it. Somehow.
But Will It Be Enough?
I was expecting my mom to get sick soon enough. She’s turning 63 this year and (was) an active smoker. I was just hoping it would be a few years from now, when I’ve had some money saved up, or some sort of business running, or maybe moved somewhere where healthcare is more affordable. I was hoping it would happen later, when I could take care of her better. Now, I’m just hoping it would happen sooner.
I just want her to go now. I just want her to fall asleep and not wake up. It would be so much easier that way. The expenses will stop racking up and we’ll be able to chip at it. Of course, that’s not what I really want. What I really want is for it to be over. I want her to be instantly healed, to be discharged good as new, as soon as possible. I want that so badly that I dreamt it a few nights ago. Sadly, that’s all it was. Just a dream.
Whenever I think about the brain surgery and the chemo she might go through, I can’t help but feel doubtful that any of it would help. Even if it did, her old age would just bring in more illnesses, more pains, more expenses we can’t afford. Her surviving this ordeal would just mean longer medical bills in the future.
I’m sorry for being selfish, reddit. I don’t want to be buried in debt; I don’t want to be financially disabled again. It’s really. Fucking. Hard. To live like that. I want financial security. I want to make investments. I want them now because growth takes a long time and I don’t want my future children enduring this pain I’m going through when I’m old. I want her to die. I’m sorry, mom.


(I also want that god damned door fixed.)


If you made it here, thank you.
First of all, don’t you have shit to do? Anyway, thank you for reading this. I really just wanted to vent out how I’m feeling about all that I’m going through. If you read most of what’s on here, thanks. I’m imaging us sitting in a circle like in AA meetings and talking about our problems, and this rant is my turn to speak. I feel devastated about all this. Having written this is a comfort.
For now, I don’t really have a choice but to go along with the motions. If the doctors say chemo might work, we’re probably gonna go for it. My mom also needs brain surgery to remove a tumor in her head, but that will have to come after the chemo, or way before. Most of my stipend will probably go to her medical expenses; I just hope it doesn’t arrive late when we need it. I’m just gonna have to go back to being thrifty again.
I’m also looking into government agencies and NGO's that can help. A kind lady at the hospital gave me some advice on how I can politely ask for help from senators and congressmen. Relatives abroad are also sending some money. If worse comes to worse, we might start selling some stuff at home. Well, this laptop is pretty old anyway.
submitted by AHarardLeap to rant [link] [comments]

Stellar Lumens HODL alert: 2017 Round up, Partnerships, Lumens vs. Other Cryptos

Welcome everyone! The future of Stellar Lumens is bright! Today we will look at the accomplishments of Stellar.org in 2017.
. .
2017 Round Up
IBM / Stellar Partnership
• Kik Messenger’s KIN coin to move from Ethereum to Stellar in 2018
• Stellar ATM introduced in Singapore
• Jed McCaleb confirms IBM/Stellar has 30 banks on board (Youtube Video)
Lightyear.io enables forward thinking financial entities to easily join the Stellar ecosystem.
• IBM adds 8 new validators from 8 different countries onto the Stellar network (article)
Forbes calls Stellar “venmo, but on a global scale - and for larger bodies like banks and corporations.”
• Stellar Lumens Is Up 6,300% Since March and Is Aiming for Big Blockchain Partners (article)
• Many new partnerships (listed below) that will be using the Stellar network in 2018.
Binance and GoPax Exchanges Adds Stellar
Ledger Nano S support is now available for Lumens (XLM)
• The next coin to break into the top 10 cryptos (article)
.
.
2017 Partnerships & Financial Institutions
IBM - is an American multinational technology company headquartered in Armonk, New York, United States, with operations in over 170 countries. IBM partnered with Stellar to help financial institutions address the processes of universal cross-border payments, designed to reduce the settlement time and lower the cost of completing global payments for businesses and consumers.
SatoshiPay - a web payment system that helps online publishers monetize digital assets like news articles, videos, or PDFs in tiny increments without friction.
EXCH.ONE - is a FinTech software company based in Switzerland currently working to integrate its platform and its first technology adopter Euro Exchange Securities UK Ltd. into the Stellar network. This addition to the Stellar network will bring access to currency markets of South and Central America,UK and a number of EU countries.
Novati (ASX:NOV) - is an Australian-based software technology and payment services provider. Novatti is currently working to integrate it’s platform into the Stellar network with the ultimate aim to build a global money transfer solution to provide cross border, cross currency and cross asset payments.
Pundi X - is an Indonesia based fintech company that provides POS device, debit card, multi-currency wallet that empowers individuals to buy and sell cryptocurrency at any physical store in the world. They say "buying cryptocurrency should be as easy as buying a bottled water."
MoneyMatch - is a Malaysia based fintech startup that provides a fully-digital peer-to-peer currency exchange platform for customers to transfer and exchange foreign currencies with complete ease and at great value. The company plans to integrate with the Stellar network and enable pay in and pay out from Malaysia.
Streami - is a Korea based fintech company that offers blockchain enabled cross-border remittance service and recently launched a cryptocurrency exchange. The partnership extends both on the exchange side and remittance operations.
Neoframe - is developing and marketing trading solutions for big brokerage firms in Korea and extends its business to blockchain based applications. Neoframe developed high performance centralized cryptocurrency exchange as well as secure wallet solutions and is working with big financial players. The company is planning to launch a remittance business for ASEAN countries (Thailand, Vietnam, Indonesia, Malaysia, Philippines, Singapore, Myanmar (Burma), Cambodia, Laos, Brunei) using Stellar.
SureRemit($RMT) - is a Nigeria based global non-cash remittances company. SureRemit leverages the Stellar blockchain platform to connect immigrants abroad directly with merchants that provide the services needed by their loved ones back home. With Remit tokens, immigrants all over the world can access digital shopping vouchers that can be spent on goods and services at accepting merchants wherever they are.
Cowrie Integrated Systems - is a Nigerian based Value Added Service Provider. Cowrie provides services at the intersection between telecoms and finance. Cowrie recently joined the Stellar network to bring novel fintech services to the African market.
Smartlands - is a Stellar-based platform designed to create a new class of low-risk tokens, secured by real, profitable assets in the real-world economy. Smartlands is designed to promote investments in the agricultural sector by allowing investment in individual projects, agricultural companies or indexes of groups of projects. These investments will be fully collateralized by agricultural real estate, other productive assets such as fruit or nut trees or, in some cases, the actual crop.
Klick-Ex - is an award winning regional cross-border payments system delivering financial infrastructure for emerging markets. It has been responsible for dramatic uptake in digital financial services in unbanked regions of the world, and lowering costs for banks, central banks and consumers in low liquidity currencies. Its key presence is in the Pacific and Europe, and it is a founding member of www.APFII.org processing more than 775,000 transactions per second, per billion of population (source).
Mobius - Mobius connects any app, device, and data stream to the blockchain ecosystem. Our simple and easy to use bidirectional API allows non-blockchain developers to easily connect resources to smart contracts and more. The Mobius MVP acts like Stripe for Blockchain by introducing innovative standards for cross-blockchain login, payment, smart contract management, and oracles. The Mobius Team includes David Gobaud, Jed McCaleb (Stellar.org founder), Jackson Palmer (creator of Dogecoin), and Chandler Guo (notorious Bitcoin & blockchain investor).
Chaineum - Chaineum, the first French ICO Boutique, will use the Stellar network for upcoming ICOs. “Chaineum is positioned as the first “ICO Boutique” in France, providing a range of end-to-end services to companies and international start-ups wishing to develop with this new funding mechanism. Chaineum is preparing 8 ICOs by the end of 2017, for European, North American and Asian companies, of which cumulative amount could reach € 200 million." (source)
Poseidon Foundation - Poseidon will simplify the carbon credit market with the creation of an ecosystem built on Stellar.org’s blockchain technology. This technology will prevent double counting of carbon and will be consistent across jurisdictions, making it easier for companies to deliver and measure progress towards their climate targets or other goals such as deforestation-free commitments.
Remitr - Remitr is a global platform for cross border payments, licensed in Canada. Remitr uses the Stellar network for international settlements for businesses as well as other payment partners. Remitr’s own payout network of 63 countries, comprising several currencies, is extended onto the Stellar network.
MSewa Software Solution (MSS) - MSewa Software Solution (MSS) Payments provides a one-stop digital payment service available across the Globe. MSS Payments aims at serving the consumers (Banked, Unbanked and Underbanked) with mobile banking facilities on the move from anywhere by transferring funds in their mobile phone.
PesaChoice - PesaChoice is a leader in international bill payment services for the African diaspora. PesaChoice aims at making international bill payment process easy, seamless, secure, with reasonable and competitive service fees, and up to date technological advances.
SendX - Singapore based SendX, in partnership with Stellar, is the better way to move money worldwide. The SendX team believes that the future of transactions is decentralized and distributed, bringing true equity to everyone across the value chain.
VoguePay - VoguePay, with offices in the United Kingdom and Nigeria, is partnering with Stellar to become the cheapest and most efficient way to send money between the United Kingdom and Nigeria. In the coming months, they expect to expand this service to other selected African countries.
HashCash - Hashcash consultants build financial solutions for banks and financial institutions over blockchain. We leverage the Stellar platform to build products that vastly improve the remittance and payments experience for banks and their customers. Transfers happen lightning fast at a fraction of current rates and operational cost is significantly reduced. HashCash is headquartered in India, with operations across South Asia and the Gulf.
.
.
Stellar Lumens vs Other Cryptocurrencies
Lumens vs. Bitcoin: Jed McCaleb spoke at Distributed Markets in 2017 about the advantages, but more importantly, the disadvantages of Bitcoin. Listen to the talk here. Jed said, “Bitcoin is this awesome innovation. The first thing it does is converts a real world resource, electricity, into a digital asset. So it takes something from the real world and puts it into the digital realm. The second thing it does is provides immutable public record. It’s basically a database that everyone can see but no one change arbitrarily… That’s great, Bitcoin solves the double spin problem [ of proving possession and transmitting volume]… [However, to fix the problems of bitcoin] you might think well maybe we’ll just kind of keep adding [software] to Bitcoin until we get there, but that’s not really the way software works. You want to have the design from the beginning and solve these simple issues. Bitcoin was designed to be a new currency, it wasn’t really designed to be this unifying universal payment network. So that’s what Stellar does. It solves these three remaining issues.”
Lumens vs. Bitcoin #2: According to wired.com, "Bitcoin mining guzzles energy - and it's carbon footprint just keeps growing." Wired says "Today, each bitcoin transaction requires the same amount of energy used to power nine homes in the US for one day... The total energy use of this web of hardware is huge—an estimated 31 terawatt-hours per year. More than 150 individual countries in the world consume less energy annually. And that power-hungry network is currently increasing its energy use every day by about 450 gigawatt-hours, roughly the same amount of electricity the entire country of Haiti uses in a year." Because Stellar is based on a consensus algorithm rather than mining, it takes much less energy to run the Stellar network. The Poseidon Foundation decided to build their platform on Stellar rather than Ethereum or Bitcoin because of this (twitter source).
Lumens ICO tokens vs. Ethereum ICO tokens: According to Stellar.org, "traditionally, ICO tokens have been issued on the Ethereum network in the form of ERC20 tokens. ERC20 tokens are easy to issue and are infinitely customizable using Ethereum’s smart contracting language. However, recent events have highlighted and exacerbated some weaknesses of the network, including slow transaction processing times for the network during ICOs and increasingly expensive gas prices (by fiat standards) for transactions and smart contract execution. Moreover, many organizations require only basic tokens; they adopt the risk of Ethereum’s Turing complete programming language without taking advantage of many of its benefits."
"While Ethereum has the most expressive programming capabilities, we believe Stellar is the best choice for ICOs that do not require complex smart contracts. Stellar’s primary goal is to facilitate issuing and trading tokens, especially those tied to legal commitments by known organizations, such as claims on real-world assets or fiat currency."
Stellar vs. Ethereum #2: The median transaction time on Stellar is 5 seconds, compared to approximately 3.5 minutes on Ethereum (source). Stellar has a negligible transaction fee (.00001 XLM ~= $0.0000002) with no gas fee for computation, while depending on the complexity of the computation, the median cost for a transfer on the Ethereum network is $0.094. Security: While both Stellar and Ethereum run on a decentralized network, the Stellar network has fewer security pitfalls. Stellar uses atomic transactions comprised of simple, declarative operations while Ethereum uses turing complete programming capabilities which produces less auditable code and greater risk of exploitable vulnerabilities (source). Recently, a security flaw in the Ethereum network froze millions of dollars. According to Mobius ariticle written by David Gobaud, "On November 6, 2017, Github user deveps199 'accidentally' triggered a bug in Parity, a popular Ethereum mult-sig wallet, that froze more than $152 million in Ether across 151 addresses. The bug impacted several token sales including Polkadot, which has had ~$98 million out of its recent $145 million sale frozen."
"Mobius had none of its ongoing pre-sale Ether frozen because we do not trust Ethereum’s Smart Contract based multi-sig wallets given the vast Turing complete attack surface and did not use one. Security broadly is one of the main reasons the MOBI token that powers the DApp Store is a Stellar Protocol token and not an Ethereum token."
Lumens vs. Ripple: According to Wall Street Bitcoin Exchange, "Many investors like to compare the company [Stellar] to Ripple, and there are a lot of similarities, being that some of the founders worked on the Ripple team. In what can now be looked at as another blockchain development drama that plays out on chat boards and in interviews all across the globe. Stellar declared they fixed Ripple’s problems with their hard fork, however, Ripple has failed to admit to any of the flaws in its design that the Stellar team has pointed out." The article concludes by saying, "We Choose XLM Over XRP For 2018. That is why we are going with Stellar Lumens over Ripple in our portfolio for the rest of 2017 and 2018. After holding Ripple for a long time this year, it just never seems to make the big break like other names with bigger market caps like Bitcoin Cash, Dash, and Litecoin have. While we are holding on most all our larger market caps, we feel that Stellar Lumens will be one of the break out coins for 2018."
.
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Conclusion
The stellar.org team is doing an amazing job making partnerships and pioneering the use of blockchain technology for various types of transactions. What we are seeing is a new technology that can actually be used to solve real-world problems. As a community, we need to continue supporting Stellar and we will quickly see it power transactions across the world. What are your thoughts about Stellar? What do you see in the future of Stellar? Any important news you want to share? Comment below.
submitted by chargingerman to Stellar [link] [comments]

10-25 17:53 - 'Around the world on 1 BTC -- my book's all finished.' (self.Bitcoin) by /u/markfromearth removed from /r/Bitcoin within 0-6min

'''
Afternoon all,
And a happy afternoon it is, what with Bitcoin soaring!
Reminds me of my trip back in 2017.
I bought 1 BTC for $4.7k and set off to 20 countries for 12 months all on that 1 coin.
Wild ride. Met John McAfee and asked him about all the scams he's running. Asked Vitalik Buterin about life on mars. Got arrested by the police in Cairo. Slept under a bridge after my couchsurfing host bailed. A real roller coaster from start to finish.
Rode it to $20k in early 2018 before riding it back down to $5k.
Well, as promised, I finished writing the book about it. Or at least half the book.
Stolen Wallets: And Where to Buy Them
Here's the back cover blurb:
-------------------------------------
What's in your wallet?
You okay with a stranger poking through it? I'm not. Never in a million. My wallet is my private little hell. Receipts for things I can't afford and a picture of an ex I still miss. But there I was, standing in a grubby back alley in Bangkok. Wallets that once belonged to other people -- scattered on a table in front of me: Crocodile skin Gucci, scuffed generic brown leather, even a DIY duct-tape wallet -- each and every single one stolen. Curiosity killed my ethics. I picked one up. It was full. Not with money, of course, but with ...
These are the stories of my travels.
Before all this I was a desk jockey. Putting in my 9-to-5. Binge-watching Netflix alone. Then I bought 1 bitcoin -- and it started to skyrocket. Little did I know it was my golden ticket. From China to Europe. 20 countries, 12 months, and my skyrocketing bitcoin. A red carpet to a world of fast money, greed, hype, hope and corruption. Wild crypto parties. Fake tits on fake friends. Stacks of counterfeit money. Stolen wallets. Then the bubble popped -- and the world of the newly rich began burning down around me.
-----------------------------
It's a short book. 40 something pages. It's the first half of the whole story. That's why it's only $5.50 for the paperback on Amazon -- that's the lowest Amazon let's me go (break even).
I figured it's best to test the waters first. I'm not the best writer. No Pulitzer prize gathering dust on a mantel.
Putting together this first half took months of writing, re-writing, and drinking until the words looked right.
Not much more to say besides posting the "1st chapter" (It's more of a logbook entry) down below and a link to Amazon.
[[link]4
Previous Reddit post:
[[link]5
website:
[[link]6
-------------------------------------
Logbook. Entry 1.
T minus 2 days to launch.
On the black market…
My liver is worth: 55.78 bitcoins.
One of my kidneys: 16.41 bitcoins (if sold in China) and 4.11 bitcoins (if sold in India).
My skeleton: 0.99 Bitcoins -- spooky cheap.
My dick? Hm. I can’t seem to find a reliable source for black market cocks.
That’s not good.
Listen, say I get kidnapped -- which is entirely possible where I’m going. Then, after a few days of torture, the kidnappers say: “Deeply sorry about this, young man, but since no one came through with your ransom we’ll need to go ahead and harvest one of your major organs -- have a preference?”
If the black market ran rife with naughty bits -- and my drinking habits still required a functioning liver -- I’d go ahead and have them lop off my cock.
*sigh*
Welcome, ladies and gentlemen, to my brain at 2 o’clock in the morning. I can’t stop thinking. I can’t stop worrying. In a few very short days I fly away. Away from my family, my friends, the friendly neighborhood dog I pet on my way to work (Good old Charlie, with his lopsided ears and robber-scaring bark). In short -- away from everything I know. Away from home.
And for what?
To travel around the world … on 1 bitcoin.
  1. Beijing -- Bitcoin is banned. And I’m going during military prep for the 19th Congress of the Communist Party. Real solid timing on my part there.
  2. Shanghai -- China’s largest underground smuggling hub for opium, molly, cocaine, and black-tar heroin. Also -- I could be fined and jailed for jaywalking.
  3. Hong Kong -- I can buy a fake Rolex for $10, or a real one that ‘fell off the back of the truck’ for $1500. Do they accept Bitcoin?
  4. Burma (Myanmar)-- This is where shit hits the fan. There’s a genocide boiling in NorthWest Burma. The Army is herding minorities and burning their villages. I’ve heard BTC helps them escape.
  5. Cambodia -- Tourists are given the option to rent rocket launchers ... and blow up cows. Jesus Christ. Unreal. Are cryptocurrencies involved?
  6. Bangkok -- The sex trafficking capital of S.E. Asia. Massage parlors, ping-pong shows, and “happy endings.” Will this country be my happy ending? (Note to editor: delete that joke. I can do better).
  7. The Philippine’s -- “President Rodrigo Duterte urges citizens to shoot drug addicts in the streets.” He promised enough drug dealer bodies would be dumped in Manila Bay that fish there would grow fat from feeding on them. Does the same go for BTC traders?
  8. India -- Transplant tourism. The Red Market. Hearts, lungs, livers handed off for a digital wallet full of crypto -- none of which goes to the victims. Perhaps if I get desperate I’ll sell a kidney.
  9. Africa -- Not sure which country I’ll wind up in. Not sure if I’ll even make it. One bitcoin is not exactly a hefty sum. By this point I’ll be running out -- and that’s if the value of my single bitcoin hasn’t buried it’s two front teeth in the dirt.
  10. Europe -- who am I kidding? The odds of me arriving in Europe with my wallet in one hand and my dick in the other are as tiny as both those things.
The goal: 365 days. 12 months. 1 year… on 1 bitcoin. To survive I’ll need to couchsurf, eat cheap street food, and rely on the kindness of strangers -- cryptocurrency strangers.
If I accidentally trade my bitcoin for counterfeit money -- I’ll go to foreign prison. If I get food poisoning -- I’ll end up in a 3rd world hospital. If a couchsurfing host bails on me -- I’ll be sleeping under a bridge. If I trade my bitcoin in a non-public place -- I’ll get mugged. But if I trade in a public place I could be mistaken for a drug dealer -- and shot. In fact, I’ll need to make a supremely concentrated effort to not get jailed, mugged, stranded, or shot. Jesus, no wonder I can’t sleep. Why am I doing this?
2 weeks ago.
A local Denny’s Diner.
All-American breakfast -- a weekend routine for my father.
“Bitcoin is not money.”
“Dad.”
“Bitcoin will never be money.”
“Dad.”
“And you should shave off your beard.”
“....It’s a good beard, dad.”
The waitress politely offers to refill his coffee. He waves her away.
“You’re mother keeps calling me. She used to never call me. I’ve worked hard to keep it that way. Now she’s calling me day and night. Worried sick.”
“She’s a good mom.”
“She’s a pain in the ass. You’re a pain in the ass. She calls me, telling me to talk you out of going, reading me headlines,” he continues while salting his eggs aggressively, “Jealous Gay Husband Uses Bitcoin to Hire Hitman. Sex trafficking on the Silk Road with Bitcoin. Terrorism on the rise with the rise of Bitcoin. I’d hang up but she’d call me back with ten more.”
“Not to worry, sheriff. I won’t be financing a revolution.”
“What will you be financing, hm? With this magic internet money?” He waves a breakfast sausage at the grocery store across the street. “Say I have a mind to go shopping. Fill the fridge. Put bread, butter, and beer on my table tonight. Think the teller will let me pay with your Facebook likes? Hm? Because that’s what they are. These bitcoins, these junkie frequent flier miles. About as useful as condoms to the Pope.”
I had to laugh at that one. “That’s the spirit, sheriff. That’s what I’ll be traveling to find out. What the hell I can finance. What can I buy with my magic internet money.”
“And how much of this fairy dust do you own?”
“One. I bought one Bitcoin.”
“And how big a hole did it burn in your wallet?”
“Four thousand, seven hundred dollars...and change.”
Dad’s not the type to bulge his eyes out in surprise. His is the clench of the jaw that markes his disapproval. “You could have put that money toward getting your shit together.”
I met his disapproval. “This is me getting my shit together.”
“That a fact? And how much is your one pedobuck worth today?” he says, scrutinizing me over his cup of coffee. Waiting. He used to be a great cop. It’s why I never could get away with anything as a kid. Still can’t.
I look away. “Four thousand two hundred.”
“Down five hundred bucks, already?”
“Yup.”
“In one week?”
“Something like that.”
Times like this. Right here. Times like this remind me of those unimaginative books where the author writes “and then he picked at his food.” What a terrible line. Overused. Unimaginative. But here I am ... picking at my food. No matter how old I get, dad’s disapproval will always be something special.
“You know what you might have done with that money? Hm?” He tosses his used napkin on his empty breakfast plate. “Gone to a barber. Shaved your beard.” Down went the last swig of his coffee. “Looked for another engineering job. Got another engineering job. Used that fancy university degree you’re still in debt for.”
“I’ve been trying.”
“Try harder. Get your shit together.”
“Sheriff, I -”
“Listen, my genius son, I will not bail you out. I will not let your mother bail you out. We do not have the money. What you are doing is a mistake. It will end in failure.”
“Sheriff-”
“I am not finished. You have never taken a trip remotely like this in your entire life.” He always had a remarkable way of raising his voice without actually raising his voice. “I will not be speaking ching-chong Chinese to some oriental dipshit deputy because you stuck your finger in someone’s else’s dumpling. Your mother will not fly out to Cambodia with a steaming bowl of chicken noodle soup because you ate tapeworm salad. And God forbid. God forbid you get taken, held for ransom, or sliced open.”
“I understand.”
“You do not understand.” He begins ticking off fingers. “If you get stranded. If you get imprisoned. If you get hospitalized. If someone steals your magic computer fairy dust. Nobody will bail you out. There will be no cavalry. You will be on your own. Alone.”
And now the silence. Silence like a large wave going out, giving you time to change your mind, time to rethink your life choices. Before the wave returns to knock your sandcastle out.
“No, Sheriff, I’m doing this.”
“Why?”
“To find out if bitcoin is money. If it has a future.”
“Unacceptable. Stick your nose in a book about it. Why do you want to go?”
“I’ve never done anything like this before. This’ll test me. Make me grow.”
“Pussy of a reason,” he growls. “Why are you going?”
“I don’t know. But I’ll find out.”
……….
….
After awhile he stands. “Remember.” He takes out his wallet. “You get on that plane --- and there won’t be no cavalry.” Withdraws a few crisp bills. Tosses them on the table. “And only money … is money.”
------------------------------------------------------------------------------------------------
Let me know if you enjoyed it or not.
I could keep posting logbook entries? Or I could read it on Youtube. Post the whole book chapter by chapter. Not like Amazon needs the money, amiright?
And if it's no good, say that too. Saves me time since I won't need to write the rest.
'''
Around the world on 1 BTC -- my book's all finished.
Go1dfish undelete link
unreddit undelete link
Author: markfromearth
1: www*amaz*n.com/St**e**W**let*-W**re-Buy-Th*m*dp/108*0855*6/ 2: *ww.reddit.com**itco*n/com*ents/*gh*eb/i_***vele*_the_w*r*d_on_*_bt*_*nd**i**ll*/ 3: bitcoi*a*oun**heworld*com* 4: ww*.amazo****m/S**len-W*llets-Where**uy*The*/dp/10*608556**]*^1 5: ww*.r*d*it.*om/Bitcoi*/com*ents/**h*eb*i\*trave*ed\*the\_wor*d*_o*\_**_btc\***d\_final*y/**^2 6: bitco*nar*u*d**e*o*ld.com/]^*3
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Ultimate beginners guide to sellers!

Regularly updating FAQ
Wassup, lots of posts recently of people tryna get in the rep sneaker game. So I decided to help you guys out.
Firstoff, the basics.
What is a seller?
A seller is a person/website/team that gets replica sneakers straight from the factory. There are some cases where the factory is also the seller.
What are these factories?
PK, H12, C4, SS - Some of the well known factories. These factories make replica sneakers, although it is generally agreed that the best way to buy these reps are thru sellers.
Who are these sellers?
A couple of them I can name. Right now, i can name a few trusted sellers on the top of my head. Niceyes, soleshop, namekiki are a few i can name.
The Process
Here is where people are confused, and I don't blame you, sending money to Putian China is scary, and none of us are well accustomed of doing these kind of business. So here is the process
  1. You contact the seller you want to buy from, usually through skype, wechat or whatsapp. I will include a list of contact numbers below.
  2. You then state what pair you want to the seller, the seller will usually check stock, and if there is, he/she will inform you.
  3. You Pay. This is the scary part, you're going to entrust a large amount of money to someone in China. fear not, its normal. Go with the trusted sellers, and just pay. Yes there is risk, but that's a risk we all take to get that 1:1 grails. Some sellers accept WU, Moneygram, CC, or PayPal. Again, a list will be posted below.
  4. Once the seller confirms the money has been received, in a span of 1-3 days, the seller will send you "Quality Check" pictures. These pictures are for you to approve or reject the pair. PSA, DO NOT NITPICK, there is no perfect pair, only reject if there are blatant or obvious flaws.
  5. Once you approve, the seller will proceed to ship the pair to you. Sellers usually ship through DHL or EMS. A couple of others too, but i can't list them all. Just ask. Prior to this step, you can ask for specifications to the seller, e.g. what amount to declare @ customs etc etc.
  6. You'll receive a tracking number, track the shipping process online to see where your shoe is.
  7. Wait and pray. If everything goes smoothly, your pair will be at your doorstep and that 1:1 shoe is all yours baby. Congratulations.
BUT WAIT
I have more questions!!
Here is the FAQ.
Q. What is GL and RL?
A. GL is greenlight, to approve the pair, RL is redlight, to reject it. Used in step 4.
Q. Why can't i nitpick? I'm not comfortable with this flaw
A. Son, first of all, you are buying replicas, not retails. There will be flaws, some horrible, some not so obvious. If you want to RL, it is ultimately your choice still, then by all means RL. However, the next pair you get still has a chance for it's stripe to be .07cm off. Your choice my man. What i just wanna say is that, you aren't gonna be called out. I promise u
Q. It's taking so long for the QC pics/Shipping/RL
A. Wait it out. Again, you are buying reps. Reps go through many channels to get delivered to you. Sometimes QC pics take a while due to stock availability or if the seller is waiting on the shoe to be delivered to their warehouse from the main suppliefactory. Sometimes shipments get delayed either domestically or internationally due to certain events. Domesitcally there is a chance of raids/seizures, in which sellers have to hold still to avoid getting affected. Sellers also quite often use DHL's Hong Kong hub to ship packages, so if you're using DHL usually your shoes goes to Hong Kong first before getting to you. Most sellers also use a shipping agent, so before your shoes move to the courier (DHL, EMS, ePacket, etc) they go to a shipping agent first.
Q. What if my shipment gets seized!?!?
A. Some sellers guarantee to reship, some don't. This is out of their goodwill. Technically, the risk of seizure is ours to take, so be thankful if they agree to ship another pair. (Amy/Niceyes reships)
Q What is the best version of yeezy's to buy?
A Generally, PK is a good baseline. Davids, H12 and SS are all good too.
Q How much are these shoes? I only have >$100 budget
A Top tier reps are usually $120-$160. If you can't buy em, you can try boostmaster Lin through superbuy, who usually sells med-low tier reps. That's another subject though.
Q Where can i get the best v2's???
A PK. KO, SS and Davids are also pretty good. But yeah, its hard to go wrong with PK.
Q Credit Card not working on X's site??
A Call your bank, CC company, they probably blocked the order. If not, consider alternatives, such as privacy.com or other burner cards.
Q Best colorway of Yeezy's to buy if i dont wanna get called out?
A Breds and creams are generally the easiest shoes to rep, since there are not much patterns and complex designs. Some even buy budget tier creams that go for 30-80 USD, and still are hard to callout.
Q What size should I get?
A Generally, it is god to get .5 size up in PK batches. However, PK is inconsistent in sizing, so i suggest you measure your foot, and have your seller measure the insole. Other batches, im not sure, maybe someone can help me out.
Q I have read something about free fake receipts/boost insoles, how do i get them?
A Ask your seller, sometimes insoles are free, sometimes they aint. Fake receipts are generally frowned upon here, but if you want to go for that extra flex, then just ask your seller, they usually have it for Yeezys.
Q How much should my shoes be declared?
A Depends, in the Philippines, its generally accepted to declare shoes less then $100 so customs wont have fun with it. Im not sure with other countries, consult your seller and whatever your seller advises should be good. Generally by default most sellers declare at $10-20 USD. If your country's customs is known to ask for proof of invoice/purchase, it is generally advisable to declare the value of the shoes at $30-40 USD as to have a more "believable" price, which may also actually prevent customs from asking for further documentation.
edit: MORE FAQS
Q Help, im size 13++, cant find reps my size!!
A Reps are generally not made in large sizes due to a smaller market, however some pairs are still made, generally, try to ask your seller if they can get you a pair. Michael, and Lin are a few who, according to what ive heard, supply these sizes
Q Isn't my money at the mercy of the sellers the minute i send it to them?
A That's true, technically, they can just run away with your cash and there's nothing you can do about it. However, these sellers who are trusted are honestly just running a business, and running with your cash would be feasible, yes, but that would entail less customers from the reddit market, which they wouldn't want. I've read some stories however, that the reddit market is just a fraction of their customer clientele, take that as you will
Q Is it safe to use credit cards on these sites?
A Generally, it's safe to use cards on the sites of trusted sellers. However, i must advise you that in the end, you're sending money to Chinese people in Putian, China. There will always be risks, and you have to be sure whether or not to take it. If you must use your card, use privacy.com or other substitutes for those not in the US. Virtual Cards also are recommended.
List of sellers and contact information, copy pasted from repguides wiki
http://imgur.com/a/ED7Ez
took out some defunct sellers, and most taobao agents.
Seller Website Payment methods
David http://www.sneakerahead.ru/ CC, Western Union, Moneygram
PK http://perfectkicks.me/ CC, Western Union, Moneygram
Mango http://mangosneaker.v.yupoo.com/ Moneygram, Western Union, PayPal, Taobao agent
Lin http://xienian.v.yupoo.com/ Western Union, Taobao agent that supports Yupoo
Muks http://fengxingtianxiam.v.yupoo.com/ / http://muks-store.com/ CC, Western Union, Moneygram, Bank Transfer
UrbanTees http://marthalin1.v.yupoo.com/ / http://www.urbantees.ru/shop/ CC, Bitcoin
H12 (YeezyMaker) http://www.kickwho.com/ CC, Western Union, Moneygram
Boost Master Lin http://lin10086.v.yupoo.com/ Taobao agent
Will http://www.willskicks.ru/ CC, Western Union, Moneygram
Amy http://niceyes.net / /niceyes CC, Western Union, Moneygram
Kiki http://www.namekiki.net/ /Namekiki WU, Moneygram, CC
Lily http://www.easonyes.net /EasonyesSneakers WU, Moneygram
Vicky http://www.staysucc.net https://www.reddit.com/staysucc/ WU, Moneygram, CC
Seller Website Subreddit/Contact
Weng wengkk350 /wengkksneakers
Bruce - Whatsapp +86 18909162046
Eric Soleshop.me /ericsneakers
Chan - /chanzhfsneakers
Michael - /MichaelSneakers
more resources:
general info: /repguides <-- check their wiki for the complete list of sellers and their contact information.
Peace out.
P.S. sorry if the contact info of the sellers are images, they get filtered out if i put them in the post itself. If you want clickable links, please go check the resources posted above.
shout out to ivsguy for helping me out on this FAQ a ton! real helpful guy
submitted by BrowsesATon to Repsneakers [link] [comments]

r/Bitcoin recap - April 2018

Hi Bitcoiners!
I’m back with the sixteenth monthly Bitcoin news recap.
It's easy for news and developments to get drowned out by price talk, so each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in Bitcoin over the past month. Lots of gems this time around!
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in April 2018
submitted by SamWouters to Bitcoin [link] [comments]

/u/BrowsesATon's Ultimate beginners guide to sellers (plus a short update on when I can update the guide)

This is a crosspost given with the OP's permission since he contacted me before and I only read it because I am currently on a holiday and access to reddit is limited for me.

With that said, I will try to update the guide in 1-2 weeks time. Now everything after this text is not mine but the OP which is stated in the title of the post. If you need any questions with the guide, contact the OP. (BrowsesATon)
Regularly updating FAQ
Wassup, lots of posts recently of people tryna get in the rep sneaker game. So I decided to help you guys out.
Firstoff, the basics.
What is a seller?
A seller is a person/website/team that gets replica sneakers straight from the factory. There are some cases where the factory is also the seller.
What are these factories?
PK, H12, C4, SS - Some of the well known factories. These factories make replica sneakers, although it is generally agreed that the best way to buy these reps are thru sellers.
Who are these sellers?
A couple of them I can name. Right now, i can name a few trusted sellers on the top of my head. Niceyes, soleshop, namekiki are a few i can name.
The Process
Here is where people are confused, and I don't blame you, sending money to Putian China is scary, and none of us are well accustomed of doing these kind of business. So here is the process
  1. You contact the seller you want to buy from, usually through skype, wechat or whatsapp. I will include a list of contact numbers below.
  2. You then state what pair you want to the seller, the seller will usually check stock, and if there is, he/she will inform you.
  3. You Pay. This is the scary part, you're going to entrust a large amount of money to someone in China. fear not, its normal. Go with the trusted sellers, and just pay. Yes there is risk, but that's a risk we all take to get that 1:1 grails. Some sellers accept WU, Moneygram, CC, or PayPal. Again, a list will be posted below.
  4. Once the seller confirms the money has been received, in a span of 1-3 days, the seller will send you "Quality Check" pictures. These pictures are for you to approve or reject the pair. PSA, DO NOT NITPICK, there is no perfect pair, only reject if there are blatant or obvious flaws.
  5. Once you approve, the seller will proceed to ship the pair to you. Sellers usually ship through DHL or EMS. A couple of others too, but i can't list them all. Just ask. Prior to this step, you can ask for specifications to the seller, e.g. what amount to declare @ customs etc etc.
  6. You'll receive a tracking number, track the shipping process online to see where your shoe is.
  7. Wait and pray. If everything goes smoothly, your pair will be at your doorstep and that 1:1 shoe is all yours baby. Congratulations.
BUT WAIT
I have more questions!!
Here is the FAQ.
Q. What is GL and RL?
A. GL is greenlight, to approve the pair, RL is redlight, to reject it. Used in step 4.
Q. Why can't i nitpick? I'm not comfortable with this flaw
A. Son, first of all, you are buying replicas, not retails. There will be flaws, some horrible, some not so obvious. If you want to RL, it is ultimately your choice still, then by all means RL. However, the next pair you get still has a chance for it's stripe to be .07cm off. Your choice my man. What i just wanna say is that, you aren't gonna be called out. I promise u
Q. It's taking so long for the QC pics/Shipping/RL
A. Wait it out. Again, you are buying reps. Reps go through many channels to get delivered to you. Sometimes QC pics take a while due to stock availability or if the seller is waiting on the shoe to be delivered to their warehouse from the main suppliefactory. Sometimes shipments get delayed either domestically or internationally due to certain events. Domesitcally there is a chance of raids/seizures, in which sellers have to hold still to avoid getting affected. Sellers also quite often use DHL's Hong Kong hub to ship packages, so if you're using DHL usually your shoes goes to Hong Kong first before getting to you. Most sellers also use a shipping agent, so before your shoes move to the courier (DHL, EMS, ePacket, etc) they go to a shipping agent first.
Q. What if my shipment gets seized!?!?
A. Some sellers guarantee to reship, some don't. This is out of their goodwill. Technically, the risk of seizure is ours to take, so be thankful if they agree to ship another pair. (Amy/Niceyes reships)
Q What is the best version of yeezy's to buy?
A Generally, PK is a good baseline. Davids, H12 and SS are all good too.
Q How much are these shoes? I only have >$100 budget
A Top tier reps are usually $120-$160. If you can't buy em, you can try boostmaster Lin through superbuy, who usually sells med-low tier reps. That's another subject though.
Q Where can i get the best v2's???
A PK. KO, SS and Davids are also pretty good. But yeah, its hard to go wrong with PK.
Q Credit Card not working on X's site??
A Call your bank, CC company, they probably blocked the order. If not, consider alternatives, such as privacy.com or other burner cards.
Q Best colorway of Yeezy's to buy if i dont wanna get called out?
A Breds and creams are generally the easiest shoes to rep, since there are not much patterns and complex designs. Some even buy budget tier creams that go for 30-80 USD, and still are hard to callout.
Q What size should I get?
A Generally, it is god to get .5 size up in PK batches. However, PK is inconsistent in sizing, so i suggest you measure your foot, and have your seller measure the insole. Other batches, im not sure, maybe someone can help me out.
Q I have read something about free fake receipts/boost insoles, how do i get them?
A Ask your seller, sometimes insoles are free, sometimes they aint. Fake receipts are generally frowned upon here, but if you want to go for that extra flex, then just ask your seller, they usually have it for Yeezys.
Q How much should my shoes be declared?
A Depends, in the Philippines, its generally accepted to declare shoes less then $100 so customs wont have fun with it. Im not sure with other countries, consult your seller and whatever your seller advises should be good. Generally by default most sellers declare at $10-20 USD. If your country's customs is known to ask for proof of invoice/purchase, it is generally advisable to declare the value of the shoes at $30-40 USD as to have a more "believable" price, which may also actually prevent customs from asking for further documentation.
edit: MORE FAQS
Q Help, im size 13++, cant find reps my size!!
A Reps are generally not made in large sizes due to a smaller market, however some pairs are still made, generally, try to ask your seller if they can get you a pair. Michael, and Lin are a few who, according to what ive heard, supply these sizes
Q Isn't my money at the mercy of the sellers the minute i send it to them?
A That's true, technically, they can just run away with your cash and there's nothing you can do about it. However, these sellers who are trusted are honestly just running a business, and running with your cash would be feasible, yes, but that would entail less customers from the reddit market, which they wouldn't want. I've read some stories however, that the reddit market is just a fraction of their customer clientele, take that as you will
Q Is it safe to use credit cards on these sites?
A Generally, it's safe to use cards on the sites of trusted sellers. However, i must advise you that in the end, you're sending money to Chinese people in Putian, China. There will always be risks, and you have to be sure whether or not to take it. If you must use your card, use privacy.com or other substitutes for those not in the US. Virtual Cards also are recommended.
List of sellers and contact information, copy pasted from repguides wiki
http://imgur.com/a/ED7Ez
took out some defunct sellers, and most taobao agents.
Seller Website Payment methods
David http://www.sneakerahead.ru/ CC, Western Union, Moneygram
PK http://perfectkicks.me/ CC, Western Union, Moneygram
Mango http://mangosneaker.v.yupoo.com/ Moneygram, Western Union, PayPal, Taobao agent
Lin http://xienian.v.yupoo.com/ Western Union, Taobao agent that supports Yupoo
Muks http://fengxingtianxiam.v.yupoo.com/ / http://muks-store.com/ CC, Western Union, Moneygram, Bank Transfer
UrbanTees http://marthalin1.v.yupoo.com/ / http://www.urbantees.ru/shop/ CC, Bitcoin
H12 (YeezyMaker) http://www.kickwho.com/ CC, Western Union, Moneygram
Boost Master Lin http://lin10086.v.yupoo.com/ Taobao agent
Will http://www.willskicks.ru/ CC, Western Union, Moneygram
Amy http://niceyes.net / /niceyes CC, Western Union, Moneygram
Kiki http://www.namekiki.net/ /Namekiki WU, Moneygram, CC
Lily http://www.easonyes.com /EasonyesSneakers WU, Moneygram
Seller Website Subreddit/Contact
Weng wengkk350 /wengkksneakers
Bruce - Whatsapp +86 18909162046
Eric Soleshop.me /ericsneakers
Chan - /chanzhfsneakers
Michael - /MichaelSneakers
more resources:
general info: /repguides <-- check their wiki for the complete list of sellers and their contact information.
Peace out.
P.S. sorry if the contact info of the sellers are images, they get filtered out if i put them in the post itself. If you want clickable links, please go check the resources posted above.
shout out to ivsguy for helping me out on this FAQ a ton! real helpful guy
submitted by shadydeath999 to RepGuides [link] [comments]

r/Bitcoin recap - May 2018

Hi Bitcoiners!
I’m back with the seventeenth monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in May 2018
submitted by SamWouters to Bitcoin [link] [comments]

COINS.PH BUY AND SELL BITCOIN TAGALOG TUTORIAL & REVIEWS ... How To Start Cypto Trading - Bitcoin (Tagalog) BUY & SELL BTC USING GCASH, PAYPAL ETC.  Earn by Trading BTC with Paxful How to Buy and Trade Bitcoin Using Coins.ph Part 2 HOW TO BUY AND SELL BITCOIN WITH CRYPSTONE.

Coinbase is a secure platform that makes it easy to buy, sell, and store cryptocurrency like Bitcoin, Ethereum, and more. Based in the USA, Coinbase is available in over 30 countries worldwide. In this article, we will explain how to buy and sell bitcoin through various services in the Philippines. How to buy bitcoin in the Philippines. Before you buy bitcoin, you have to provide a secure way to store the cryptocurrency. To do this, you need to download and install a digital wallet on your PC or mobile device. You can also use online wallets: they are more convenient, but less secure ... Quick guide: How to sell Bitcoin in the Philippines. Register for an account with a Bitcoin exchange like eToro. Verify your account; Click the “Trade Markets” link on the left of the screen ; Select “Crypto” to start browsing the cryptocurrency markets; Choose your purchase; Set your order up; Go to eToro's website This is our quick guide to just one way to buy Bitcoin. Compare some ... Locations of Bitcoin ATM in Philippines The easiest way to buy and sell bitcoins. Producers. Genesis Coin (4038) General Bytes (3337) BitAccess (1104) Coinsource (730) Lamassu (542) All producers; Countries . United States (9076) Canada (919) United Kingdom (286) Austria (150) Spain (104) All countries; More. Find bitcoin ATM near me; Submit new ATM; Submit business to host ATM; Android app ... The Philippines has many places you can buy bitcoin from. Not only has the Bangko Sentral ng Pilipinas licensed some cryptocurrency exchanges, but there are also peer-to-peer marketplaces, bitcoin ...

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COINS.PH BUY AND SELL BITCOIN TAGALOG TUTORIAL & REVIEWS ...

A step-by-step tutorial on how to buy bitcoin in coins.ph using gcash. I used gcash because the process is instant. Why I like coins.ph? Because coins.ph is a trusted company. They have their own ... Did you know you can buy bitcoin with Paypal? Today, Martha explains how btc to paypal transfer works! Learn where to buy bitcoin with Paypal and much more. ... Earn $10 via Cloudmining - - https://youtu.be/qK084Bxy5q0 Paano mag Futures Trading sa Binance - https://youtu.be/cn1xmgTJ5o0 Wanna earn while browsing the w... How To Buy And Sell Bitcoin On Paxful - Duration: 31:47. ... Philippines - Duration: 14:22. Jhazel de Vera 37,078 views. 14:22. EARN INSTANTLY W/ THESE PHONE APPS & WEBSITES! - Duration: 7:51 ... In today’s tutorial, we are going to learn how to buy and sell bitcoin in our Crypstone wallet with Naira..

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