Easy Get Free Bitcoins

/r/Movies 2020 State of Affairs: Self Promotion and Spam. If you have your own blog/YT channel/website - read this!

Hi guys. So, we've banned a lot of spammers lately, which isn't too uncommon, but it seems more and more frequent that we're getting users who.... don't really understand what spam is.
By the /movies definition, which is slightly more loose than the reddit site-wide definition:
spam is when you submit from one source so much that more than 20% of your total submissions come from it.
The users have a real wishy-washy attitude toward spam. Literally anything that is OC is reported as "spam," but that doesn't mean it gets removed or breaks any rules. Users are okay with self-promotion as long as users like the content, basically, but the rules apply to all, regardless of reception. Can't say, "Oh 74% of my submissions are from MovieGenius9000's youtube channel, but I get upvotes so it's allowed." Not how it works, karma will not save you. And once you're banned, that account is gone forever. We do not unban spammers. We have nearly 20 mods, we're not super interested in tagging you guys and making sure you kept your promises. Accounts banned first, and if the site gets pummeled again - the source website goes on our blacklist.
The general outline:
This all sounds doom and gloom, but in all seriousness we encourage and appreciate your OC, but please be aware that there are rules that you need to follow first.
And if anyone has any automod ideas on how to nuke these repost bots, I'd like to hear it :)
This section is What to do if you were banned for spam and you're a content creator
We might've linked to this post when we banned you. So what now? What can you do?
Make a new account and play by the rules. That account that was just banned? It's burned forever in /movies. Make a new account, one that doesn't serve as an advertisement for your YouTube channel or website or whatever, and just be a normal redditor. Link to cool stuff you found, talk about it, talk about other people's submissions. Then, once every five submissions, link to your own work.
submitted by girafa to movies [link] [comments]

2017 Taxes - We Need To Get Serious

I want to make this post a meaningful discussion about American taxes that has three goals:
If you are like me you found 2017 to be a very good year for you. I'm not talking to the people who got in on this in early December and made $1,000. I'm talking to those of us who saw our modest yet respectable holding of bitcoins grow to jaw-dropping prices and then continued to diversify our digital portfolio to the point that we may now be holding dozens of currencies traded at various times on a variety of exchanges.
What we are doing is legal and has been legal for years. I am one of those alleged 802 people who pays their taxes on Coinbase. And let me tell you, the professional accounting firm I use to pay my taxes charged me a pretty penny for basically knowing the one thing everyone does know about cryptocurrency - that you have to pay long-term capital gains tax on cryptocurrencies you've held for over a year and sold for American dollars. So that's what I've been doing and I've been doing that with each bitcoin being considered at 100% profit because I bought all my bitcoins from Mt. Gox! Maybe you've never payed taxes on all the bitcoin you sold but let's face it - in 2017 you better pay your taxes and you better know what you're talking about and doing. A lot of us have found ourselves with serious money that we did not have until 2017.
The real problem comes from the variety of exchanges we've joined and the amount of trading of currencies on these exchanges. Many of these exchanges are also not illegal to use. While Bitcoin has been on the IRS radar for a while these exchanges specialize in something that has never been truly significant enough to get the IRS's full attention until 2017. But this problem is multi-faceted:
Some people say just to ignore all of this tax mess because the IRS is likely to change their stance 10 more times. But I don't want to ignore it because cryptocurrency is already seen as a shady business. And it's not - it's a globally disruptive technology that provides benefits many centralized systems can't and it's the reason why it's busting through the $700 billion market cap at the beginning of 2018. Please, let's organize and approach our taxes honestly and in an informed fashion this year. The fact is many of us in the crypto community visit crypto subreddits and together - with a similar mentality, attitude, drive, and direction- we can influence the crypto policy to be fair to both the country and the crypto-trader.
submitted by Cananopie to CryptoCurrency [link] [comments]

A sketchy scammer held their side of a crypto <> fiat trade hostage causing missed bills and late payment charges. Can I reclaim losses?

TL;DR: I filled my part of a monetary trade, the other party has not. He is holding £2.4k hostage due to a problem that is no fault of mine. I'm behind on bills and have late fees to pay. Can I take him on legally to reclaim losses and damages?

I get paid in bitcoin (not the discussion here), so every month I trade that BTC into GBP. I'm not a trader- I don't manipulate the market or whatever, I just find a seller with good reviews on localbitcoins.com and do a bank transfer trade.

Typically, this means that the other party makes a direct transfer into my bank account, then I release escrowed BTC to their account. Simple. This buyer had some different terms though. They sent a confirmation that the transfer had been started, and I released the escrow as per their instructions (**For crypto-minded people: Yes, I know I made a huge mistake releasing escrow first. I have learned from this mistake and will not make it again.**). All seemed well, except lo and behold the transfer didn't arrive that day.

Basically, what happened is that the buyer had put the transfer on hold because his localbitcoins account had been frozen after our trade. It's important to note here that my account was not frozen or limited in any way at this point. The buyer blamed me that his account was locked, and said he wouldn't make the bank transfer until his account was unlocked.

We both contacted support asking what was up, and I advised being out of pocket. **At this point the bitcoins are in his localbitcoins account but he cannot access them. I am not in possession of them nor do I have any control of them.**

Anyway, basically the buyer held his stance, no money until his account was unlocked. He blamed me, saying I must be a suspicious trader. There's no proof of this, especially because my account has remained in good standing throughout.

He twisted my arm, pulled my leg and in the end support told him that his account would remain locked until I confirmed the transfer. Once again, he sent me a transfer receipt from his bank. The money never arrived once again, and I'm sweating at this point. It's a week later and bills are due.

I messaged the buyer a metric ton that week, asking what was going on, where's the money, etc. but got no reply between Sunday and Wednesday. At this point I think I've been scammed. I report his account and leave a negative review warning other traders off. His account is subsequently banned until localbitcoins support investigates. The next week, on Tuesday, the buyer blows up at me on whatsapp about how he was on holiday, had no data, etc., how I've ruined his account (that had 4 years of positive, 100% feedback) with my review. He tells me that he cancelled the transfer again because of this and that he would not talk to me any more.

I told him again, if he transfers the funds, I will remove my review and tell localbitcoins support that our dispute is over. As a sign of good will, I took my review down already.

To be clear: I don't think this guy is a scammer. He has 4 years of legitimate trades at good prices and a legit website too. I do, however, think he's a dickhead that has caused me a month of incredible emotional pain, stress and anxiety.

Right now I'm still out £2.4k which never reached my account. The bitcoin is still in the buyer's account, albeit locked. It's likely that the support team will get it back for me, unless the buyer decides to make the bank transfer. It's worth noting that due to the bitcoin price going up, the buyer would make about £400+ on the price he bought from me for. I don't care much, I just want my salary. The point is it's in his interest to resolve this issue and take advantage of the higher price.

So, currently localbitcoins is investigating, which will likely end up in a resolution in my favour since the user cannot furnish evidence that he ever completed the bank transfer. I'm confident that one way or the other it will be resolved.

The issue is that this money is my paycheck. I live on it, pay taxes with it, pay my rent and bills with it, and this whole scenario has mean missed bills and late fees, over £400 and counting until I finally get paid. What I want here is retribution and justice. The buyer, through no fault of mine, has played judge and jury with his side of the trade. I fulfilled mine and this is documented and confirmed. He never fulfilled his. I want him to pay all my late fees, catch me up on my missed bills and pay additionally for increase in value since our trade. And yeah, I'll be that guy and say I want emotional trauma damages too.

Do you think this is something I would have a chance with in court, maybe small claims or bigger? If it was a car, this would never fly. I know crypto is a bit of a minefield but I feel this situation is pretty clearly in my favour. I am located in England, Seller is in Scotland. I have his full name and bank account details.
submitted by worldsworstluck2019 to LegalAdviceUK [link] [comments]

Let the scams flow… out of the window! (Monaco and Crypto.com are scams)

Let the scams flow… out of the window! (Monaco and Crypto.com are scams)
https://preview.redd.it/dx9532pltp321.png?width=1100&format=png&auto=webp&s=6ade0a9259d1abdf08037a41a790bbac411f7581
http://genesisblocknews.com/let-the-scams-flow-out-of-the-window-planet-crypto-com-has-got-worms-and-is-made-from-dust-of-the-bitcon/
SCAM ALERTS: Monaco (MCO) and (CRO) Crypto.com, Republia, Bitingle, Minexcoin (MNX), Coinbits, Rocktrading, MobileGo, TokenPay, HumanCoin, BetKing.io, Changelly, ChangeNow & AtomicSwap, ADAB, RoyalTeam/520bit
Highlighted above are the links to the Bitcointalk threads that unearth questions and point to fraudulent activities of shitcoins and the tokenized buttholes that operate them. Every week, it seems that the dark crypto winter reaches a new chilly low and it reminds us that we need to wrap up our private keys in plenty of layers! Plagues of zombie coins are sweeping the markets like a minefield, and the ghosts of BitCon(nect) past, present and future are visiting – boo!
Frosty mornings are due to be with us for a while, as more and more crypto fiascoes and bad actors unwind their stories, some more publicly than others. The research team at Genesis Block News are keen to expand the topic in more depth so that preventative measures can be taken by all. Thanks to the studious reporting and moderating of experienced members of the Crypto Community at large and BitcoinTalk forums, it is clear to see that there are multiple nefarious groups and individuals working to maintain scams and operate new ones on a regular basis.
When Monaco payment card and utlity token ICO launched, it made a storm in the hype markets of 2017 and raised $26mil USD at ICO, making the total market cap value of the token valued at approx. $243million USD at the peak in January 2018. A year after the ICO and no cards have been shipped and the scam seems to have already been exited. The founder has purchased the domain crypto.com and launching a new ICO for the CRO token with a half-baked whitepaper and no working product once again. BE WARNED, Monaco founder and his “team”are experienced fraudsters and will continue to wreak havoc until there is a consensus ban on people like this. Already they have become millionaires from YOUR money, will you also be happy to make them billionaires in the future?
The crypto credit card ICO scam was quickly noticed and when WaveCrest who were in the process of issuing cards to many of these scam operations was shutdown by VISA. Previously banks in Australia and other countries had to put a blanket ban on prepaid payment cards of any type due to high amounts of fraudulent activity and the ban was seen on Mastercard services at around the same time.
It is easier to get away with it than many realise. Even though most ideas are not original or at a working level of development, no one is questioning of the uncertainties. Being very good at creating a fake buzz is crucial until they make off with your cash. The initial product or service is modified or reduced and becomes a limited glimpse into the set-piece of a digital con artist. Paid for by you, the spam emails, fake fans, teenage trolls and pickled pundits are all in place to make this a roller coaster for you and your friends or family…
In the peak hype of Dec 2017, recent investors in the crypto space were considering how to splurge their electronic cash and thinking which of the moon sized flexible fiends on offer would give them the best bang for their buck. It wasn’t long before every show on the road was promising a debit card with wallet and exchange platform bolted on somewhere to their road map or hype machines.
This twisted version of ‘fake it till you make it’ has many users, speculators and even employees themselves very confused. It becomes a gospel of lies, denial and betrayal, where the cynical view of the customers and investors who are willing to risk something, can be abused to provide a something for nothing to someone who doesn’t deserve it. Like on the pantomime stage, Cryptocurrencies is the ‘straw man’ or scarecrow without a brain that the fast money markets have begun to play with. Despite the lofty visions of the open-source communities behind the crypto curtains, any person with a dream can often find adversaries who have a scheme of distraction and empty promises. ‘Look out…’ and ‘Oh no…’ are the words in mind.
Satoshi Nakamoto’s vision of the future for electronic ‘Bitcoins’ is just one attempt to put a software patch on a perplexing problem of human interaction and existence. What is value? What is a good store of value? Why are these initial scam offerings suckering so many people? When and how will regulation and community filtration methods make it a safer playing field? Where does this red block road lead us?
submitted by turtlecane to CryptoCurrency [link] [comments]

[uncensored-r/CryptoCurrency] 2017 Taxes - We Need To Get Serious

The following post by Cananopie is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7nzqky
The original post's content was as follows:
I want to make this post a meaningful discussion about American taxes that has three goals:
  • Helping those of us with significant crypto holdings become informed on how to proceed with 2017 taxes
  • Strengthen our position as legitimate law-abiding citizens
  • Not holding anyone legally responsible for "legal advice" who contributes to this discussion thread (this is about getting our bearings)
If you are like me you found 2017 to be a very good year for you. I'm not talking to the people who got in on this in early December and made $1,000. I'm talking to those of us who saw our modest yet respectable holding of bitcoins grow to jaw-dropping prices and then continued to diversify our digital portfolio to the point that we may now be holding dozens of currencies traded at various times on a variety of exchanges.
What we are doing is legal and has been legal for years. I am one of those alleged 802 people who pays their taxes on Coinbase. And let me tell you, the professional accounting firm I use to pay my taxes charged me a pretty penny for basically knowing the one thing everyone does know about cryptocurrency - that you have to pay long-term capital gains tax on cryptocurrencies you've held for over a year and sold for American dollars. So that's what I've been doing and I've been doing that with each bitcoin being considered at 100% profit because I bought all my bitcoins from Mt. Gox! Maybe you've never payed taxes on all the bitcoin you sold but let's face it - in 2017 you better pay your taxes and you better know what you're talking about and doing. A lot of us have found ourselves with serious money that we did not have until 2017.
The real problem comes from the variety of exchanges we've joined and the amount of trading of currencies on these exchanges. Many of these exchanges are also not illegal to use. While Bitcoin has been on the IRS radar for a while these exchanges specialize in something that has never been truly significant enough to get the IRS's full attention until 2017. But this problem is multi-faceted:
  • In 2017, was exchanging one crypto for another crypto considered a taxable event? - The fact is there isn't a clear answer on this. With the IRS tying cryptocurrencies down as property (rather than currencies which- as I understand it- wouldn't be taxed) they allowed the loophole of the 1031 which allows swaps for like-kind properties. The IRS called cryptos properties, people are swapping cryptos with each other (literally) while small fees are charged for using the network or exchange, and thus - it could be argued that all exchanges between cryptos are NOT a taxable event. I personally like this idea but I clearly have a bias. There are many other people who claim that all cryptocurrency transactions between each other are taxable and this comes with its own bag of worms. And indeed, the rock-star new Republican tax code does mirror this sentiment by solely claiming 1031 use for Real Estate. So this leaves us with another question:
  • What legal stance should we take when talking with our accountants/ doing our taxes? The stunning impossibility of what is expected of us LEGAL citizens doing LEGAL trading in order to report on our taxes, if we do take the stance that all crypto transactions are taxable, is so highly complex that it's almost like the IRS is forcing all crypto-traders into an illegal space. In a sense they are trip-wiring the entire crypto market with expectations that are impossible to follow. We must have some legal rights here or at least legal stances that we can take when dealing with such a new fast paced market and such a slowly-responding vaguely-directed bureaucracy like the IRS. In one of the better crypto tax threads on reddit one person expressed with acute detail the amount of problems recording all of our transactions really are based on the current IRS expectations which are vague and the IRS is not giving a clear answer on whether cryptos are allowed to be considered exempted using 1031. Even if they were there still is expected a way to report everything. My accountant will want to do whatever is safest for them and likely the most expensive for me. How do I ensure a reasonable approach is taken by my tax professional that considers my needs and not just throwing as much money at the IRS as possible? I want to pay my taxes but I want tax laws to be fair on crypto, which leaves me to my next point:
  • What is the best way to look at crypto from a tax point of view? Currently cryptocurrency is a square peg in a round hole. The IRS, clearly unprepared (as we all were) for the massive attention and growth of cryptocurrency in 2017 was already stuffed into the the "property" hole despite being developed and created for much more than that. Cryptocurrency - whether you want to call it an asset or a currency - is already billions of dollars deep in projects that are meant to change the way entire systems operate on a global scale! This is a global thing taking place within different countries. We already pay capital gains taxes or income taxes when we exchange them into dollars which is a fair and easily reliable system to document - is it even right for the IRS to tax more? While there may be some in here who believe nobody should be paying taxes with cryptos I think that cryptos (like everything else) should have some taxable responsibility- but not so much that it becomes highly burdensome and a legal minefield allowing the IRS specter to be chasing you for alleged misdoings years down the line. And if crypto is as successful as its going to be there will likely be less of a reason to exchange into dollars anymore thus losing the leverage of the capital gains/income tax. And looking into the short term future decentralized exchanges are even going to be set up potentially removing the ability to track cryptos in any form whatever! What is the appropriate way to tax crypto basing it on the fact that it IS crypto and not necessarily merely "property" or "currency"?
  • What level of responsibility do exchanges play in 2017 taxes? Being a proud Coinbase tax payer I had the privilege of giving my tax accountant a printed out piece of paper with a terrible excel sheet on it that displayed my yearly bitcoin transactions and told them that this was the best document they were going to get. I haven't gotten the information from Coinbase this year yet, and hopefully they've improved the quality of the report but at least there is one. I just tried looking for how to get the information from Bittrex and while it may be available it wasn't easy to find with a google-search or on their website. That is a problem. This is an exchange that is legally allowed to operate in the United States. I could sign up to Bitcoin.tax to find out the information allegedly but I really should not have to sign up to anywhere to find out how to get my annual tax document from my exchange. And if they don't provide one then why is the United States legally allowing them to operate within their borders? If the IRS decides to take their records two years down the line like they did in 2017 with Coinbase and they come to us asking us why we didn't report something and it was because there was no easy/possible way to obtain the records from the users end, how can that be our fault? It would be great if there was a sticky-noted thread on ANY of these crypto boards on how to obtain a document of the year's transactions from every one of the exchanges out there because many of us need them. There is an expectation that we are supposed to calculate the amount gained from when we first purchased a currency to when we traded it for another currency. Aside from the fact that even if we are provided an annual report document it won't be in dollars - it will be in BTC or ETH or USDT or some other pairing at a specific time with a specific amount in those pairings on that specific exchange. The dollar correlation that's needed - if not provided - makes reporting crypto transactions nearly impossible.
  • How are we supposed to accommodate for transactions to and from wallets? Say we can do all of those things above but now we move it to a private wallet for safekeeping. From there we might send it to another wallet as it intermingles with other coins and from there they are traded on other exchanges. What is the dollar correlation there? What is the appropriate gains? Which exchange did you buy that specific coin from? This all matters for taxes but almost impossible to track between wallets and exchanges. If it can't be done, how can we be held accountable to do it? If we can't do it, then what legal ground do we have to say what is being expected is byzantine and unrealistic? Also, it's my understanding that we don't need to report coins in private wallets but that'll be nearly impossible not to do if we have to do all this tracking.
  • Who specializes in cryptocurrency? - Maybe we can't find all the answers here but some of you out there must be able to point us in the direction of someone that can give us answers. I'm not talking about the conservative tax lawyer that's going to mak...
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Hey guys, some changes in Avalon.

avalon-rpg.com 23

NOVICEHOOD

WARFARE

PVP EVENT

There are also several hundred more updates and 2500+ bug fixes which I do not feel important to clog up this post, also non-Avalon players might not understand the game terms being used.
But some nice updates include:
The next two months:
Returnee and profession chapters to (re-)educate and smooth transitions.
Economic rebalance after warfare now. Warfare is so much more requested that it seems prudent to place economic rebalancing afterwards.
Return of investments. After reputation/globes and warfare seed the algorithm, it can be expected to return, initially in a mild form.
January 2018 change upcoming to the CURRENCY curve. We intend to chop down to a 2.60 - 3.00 maximum rate of USD to CROWN.
Kills, flagging, crafting, etc. for active lesson gain. General progression still requires one more incremental sharpening but requires these additions first.
New skills for crafting. The countless craftable items in Avalon will be covered by learnable general skills that will be received by everyone.
Fixing incomplete skills and abilities.
submitted by Kurdock to MUD [link] [comments]

2017 Taxes

In 2017, was exchanging one crypto for another crypto considered a taxable event? - The fact is there isn't a clear answer on this. With the IRS tying cryptocurrencies down as property (rather than currencies which- as I understand it- wouldn't be taxed) they allowed the loophole of the 1031 which allows swaps for like-kind properties. The IRS called cryptos properties, people are swapping cryptos with each other (literally) while small fees are charged for using the network or exchange, and thus - it could be argued that all exchanges between cryptos are NOT a taxable event. I personally like this idea but I clearly have a bias. There are many other people who claim that all cryptocurrency transactions between each other are taxable and this comes with its own bag of worms. And indeed, the rock-star new Republican tax code does mirror this sentiment by solely claiming 1031 use for Real Estate. So this leaves us with another question:
What legal stance should we take when talking with our accountants/ doing our taxes? The stunning impossibility of what is expected of us LEGAL citizens doing LEGAL trading in order to report on our taxes, if we do take the stance that all crypto transactions are taxable, is so highly complex that it's almost like the IRS is forcing all crypto-traders into an illegal space. In a sense they are trip-wiring the entire crypto market with expectations that are impossible to follow. We must have some legal rights here or at least legal stances that we can take when dealing with such a new fast paced market and such a slowly-responding vaguely-directed bureaucracy like the IRS. In one of the better crypto tax threads on reddit one person expressed with acute detail the amount of problems recording all of our transactions really are based on the current IRS expectations which are vague and the IRS is not giving a clear answer on whether cryptos are allowed to be considered exempted using 1031. Even if they were there still is expected a way to report everything. My accountant will want to do whatever is safest for them and likely the most expensive for me. How do I ensure a reasonable approach is taken by my tax professional that considers my needs and not just throwing as much money at the IRS as possible? I want to pay my taxes but I want tax laws to be fair on crypto, which leaves me to my next point:
What is the best way to look at crypto from a tax point of view? Currently cryptocurrency is a square peg in a round hole. The IRS, clearly unprepared (as we all were) for the massive attention and growth of cryptocurrency in 2017 was already stuffed into the the "property" hole despite being developed and created for much more than that. Cryptocurrency - whether you want to call it an asset or a currency - is already billions of dollars deep in projects that are meant to change the way entire systems operate on a global scale! This is a global thing taking place within different countries. We already pay capital gains taxes or income taxes when we exchange them into dollars which is a fair and easily reliable system to document - is it even right for the IRS to tax more? While there may be some in here who believe nobody should be paying taxes with cryptos I think that cryptos (like everything else) should have some taxable responsibility- but not so much that it becomes highly burdensome and a legal minefield allowing the IRS specter to be chasing you for alleged misdoings years down the line. And if crypto is as successful as its going to be there will likely be less of a reason to exchange into dollars anymore thus losing the leverage of the capital gains/income tax. And looking into the short term future decentralized exchanges are even going to be set up potentially removing the ability to track cryptos in any form whatever! What is the appropriate way to tax crypto basing it on the fact that it IS crypto and not necessarily merely "property" or "currency"?
What level of responsibility do exchanges play in 2017 taxes? Being a proud Coinbase tax payer I had the privilege of giving my tax accountant a printed out piece of paper with a terrible excel sheet on it that displayed my yearly bitcoin transactions and told them that this was the best document they were going to get. I haven't gotten the information from Coinbase this year yet, and hopefully they've improved the quality of the report but at least there is one. I just tried looking for how to get the information from Bittrex and while it may be available it wasn't easy to find with a google-search or on their website. That is a problem. This is an exchange that is legally allowed to operate in the United States. I could sign up to Bitcoin.tax to find out the information allegedly but I really should not have to sign up to anywhere to find out how to get my annual tax document from my exchange. And if they don't provide one then why is the United States legally allowing them to operate within their borders? If the IRS decides to take their records two years down the line like they did in 2017 with Coinbase and they come to us asking us why we didn't report something and it was because there was no easy/possible way to obtain the records from the users end, how can that be our fault? It would be great if there was a sticky-noted thread on ANY of these crypto boards on how to obtain a document of the year's transactions from every one of the exchanges out there because many of us need them. There is an expectation that we are supposed to calculate the amount gained from when we first purchased a currency to when we traded it for another currency. Aside from the fact that even if we are provided an annual report document it won't be in dollars - it will be in BTC or ETH or USDT or some other pairing at a specific time with a specific amount in those pairings on that specific exchange. The dollar correlation that's needed - if not provided - makes reporting crypto transactions nearly impossible.
How are we supposed to accommodate for transactions to and from wallets? Say we can do all of those things above but now we move it to a private wallet for safekeeping. From there we might send it to another wallet as it intermingles with other coins and from there they are traded on other exchanges. What is the dollar correlation there? What is the appropriate gains? Which exchange did you buy that specific coin from? This all matters for taxes but almost impossible to track between wallets and exchanges. If it can't be done, how can we be held accountable to do it? If we can't do it, then what legal ground do we have to say what is being expected is byzantine and unrealistic? Also, it's my understanding that we don't need to report coins in private wallets but that'll be nearly impossible not to do if we have to do all this tracking.
Who specializes in cryptocurrency? - Maybe we can't find all the answers here but some of you out there must be able to point us in the direction of someone that can give us answers. I'm not talking about the conservative tax lawyer that's going to make sure you pay every last dime in a way that would make the IRS want them to be the new head of the department - and I'm not talking about the shady guy who promises that you can get out of paying a dime. I'm talking professionals that aren't just going to be pushed over and know their stuff on this topic. I will gladly pay for this legal muscle to ensure I am legally participating in our society through crypto transactions while not just trying to tax me every time I click the mouse.
Repost by cananopie
I'll like to add that it's probably likely that you will have to report everytime you convert to a new cryptocurrency to be a taxable event.
I'm not a tax advisor and all of this should be consulted with a tax advisor
submitted by Jroylan2 to CryptoCurrencyTrading [link] [comments]

PSA: Before the rocket boosters deafen us

Hi everyone,
Like you and everyone else; I've been getting excited pouring over every Bitcoin news scrap out there. Strangely, I have also been having a lot of feels creeping up about the whole magnitude of the situations we all know in our hearts are materializing right in the here and now. Deep feelings wash over me and overwhelm me; admittedly I've been trying to ignore these feelings for last 4 years now to keep my eye on the prize - so to speak.
These feelings are starting to weigh a little too much - so I thought I would share.
There is in my gut, a great joy and also oddly, a deep dread, for what could be a moment in history that will be known forever as the "Great Bitcoin Awakening" or some other such thing.
The joy would be easy to describe to you, and there are many better writers out there who can give you all the elaboration you need on; technical analysis, code review, BIP proposals, regulatory updates and so on.
So lets leave all the hypeing for the pros...
So here are my true feelings on this crypto-future which is barreling down on the world as we speak. We are all rushing to play our part in the game, whether we code, trade, write, spend, or preach - were all doing the hustle like its going out of style.
What's left however is dread
The dread is a mixture of fear and something deeper, maybe darker. The fear comes from the same source as the joy; My mind whirls with all the possibilities of wealth or poverty: I could be rich beyond what I have ever known, and the gravity of that is huge. The world could all come apart in the process with riots, wars, famine, etc. Even if Bitcoin succeeded in taking over the world - I'm suddenly surrounded by thieves, crooks, strongmen, hackers, and all of them and me are in the middle of a minefield that doesn't discriminate!
How will people change, how will I change, how will the world change?
But even that isnt really "the big problem"; what really eats away at the soul is when I imagine all my ambitions having been finally met and then nothing beyond those ambitions... So now I'm rich, so what? :-(
It's not as simple as needing someone to talk to, but rather its the need for someone to "be there" for it, to experience it with me.
We have preached and annoyed so many people about this Bitcoin thing, but to what end? Sometimes I look back and see the time I was wasting - time I could/should have spent just having fun with them, or sharing a quiet special evening, or forgiving them for past mistakes. Now they are gone, or maybe I'm gone.
Never-the-less we can't change the past and we should try to live lives free from regrets, but I have to admit - being rich and alone doesn't sound like a good trade.
So just remember, that no matter how loud the booster rockets get, money past a certain point doesn't really matter to the human condition - money comes and goes.
What matters is people, and how you treat them. Make sure you are treating your people well, and if you are letting some important relationships slip away because of your Bitcoin obsession or other unworthy reasons; take care of that now before the rocket-boosters deafen everyone.
In the words of Bill and Ted; "Be excellent to one-another".
I hope you understand, Thanks.
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Cryptocurrency trenches: Are bitcoin & blockchain really transformative?

Today, I interviewed Phil Raymond. He co-chairs CRYPSA, hosts the New York Bitcoin Event and is keynote speaker at Cryptocurrency Conferences. He sits on the New Money Systems board of Lifeboat Foundation and is a top Bitcoin writer at Quora.

For the people who don’t know you, what can you tell about yourself?

I was originally a hardware design engineer, creating electronic memory systems for computers and a few consumer products. Later, I started a company that designed and manufactured local area network devices for the smart building controls industry.
Back at college, I studied hardware engineering, of course. But I was always fascinated with encryption, compression and error correction. I studied under Gilles Brassard (inventor of Quantum Cryptography), and I met Claude Shannon (the father of information theory) and David Chaum (founder of DigiCash). In the early days of email, I latched onto PGP, RSA and the public key infrastructure that enables internet commerce. I realized that these concepts would enable transformative products and services, and that they would radically benefit consumers.
Nine years ago, Satoshi hit the scene with a solution to the Double-Spend problem. In a very brief whitepaper, he articulated the blockchain and even introduced a test platform which used a blockchain as a distributed consensus mechanism for digital cash that required no central nexus or authoritative bookkeeper. He called it “Bitcoin”.
I was fortunate to appreciate the tectonic importance of Satoshi’s gift to mankind. The blockchain and Bitcoin are easily misunderstood or dismissed today, but they are no less important than the internet or public key cryptography. They will radically change how we work, play, spend money and how we interact with each other. Ultimately, they will redefine the relationship between citizens and their governments, because these concept allow us to redefine trust and democracy in a way that more closely matches our goals and ideals.
I was involved in cryptocurrency early on, even in the pre-PayPal days of DigiCash and Digital Gold.
So, what do I do today?
I co-chair the Cryptocurrency Standards Association, a loose-knit collaborative of researchers, journalists, enthusiasts and vendors. I host the New York Bitcoin Event and more recently, I am keynote speaker at Cryptocurrency Conferences. I also sit on the New Money Systems board at Lifeboat Foundation. I am a top Bitcoin writer at Quora and editor of the Blog, AWildDuck.com

What is blockchain and, how does it work?

We hear a lot about the blockchain. We also hear a lot of misconceptions about its purpose and benefits. Some have said that it represents a threat to banks or to governments. Nonsense! It is time for a simple, non-political, and non-economic definition…

What is a Blockchain?

A blockchain is a distributed approach to bookkeeping. Because it opens and distributes the ledger among all participants, it offers an empowering, efficient and trusted way for disparate parties to reach consensus. It is “empowering”, because conclusions built on a blockchain can be constructed in a way that is inherently fair, transparent and resistant to manipulation. At scale, it is also massively redundant. This further leads to a hardened network which can resist loss whether caused by accident, faulty infrastructure or attack.
This is why blockchain-backed systems are generating excitement. Implemented as distributed and permissionless, they take uncertainty out of accounting, voting, legislation or research, and replace it with trust and security. Benefits are bestowed without the need for central authority or arbitration. The blockchain not only solves a fundamental transaction challenge, it addresses communication and arbitration problems that have bedeviled thinkers since the ancient Egyptians.

Related explanations:

What is a cryptocurrency and, how does it work?

Cryptocurrency is a blockchain-based token that has achieved a two-sided network and is used like money in payment for goods, services or debts. It is not simply traded by investors, hoarders and speculators (although these trades dominate the early adoption phase) — and it is not simply used as an asset-backed payment instrument like a gift card or debit card. (Those are instruments are tied to dollars or the solvency of banks and retailers). Rather, a cryptocurrency is traded with the potential to be the money itself. It’s value floats freely with supply and demand.
It is important to distinguish cryptocurrency from ICOs (Initial Coin Offerings) and other digital tokens. Cryptocurrency always refers to Bitcoin or other altcoins that are built on an open source, transparent and permissionless blockchain. They have no proprietary code or features, and every transaction from the very start of time is open to public scrutiny.
A cryptocurrency might have a functional purpose like some ICOs (That is, they might be used for something other than a payment instrument). But they are never associated with Airdrops, multi-level trading, or promotions that generate benefits to early adopters or those who refer. These gimmicks never apply to genuine cryptocurrencies. They are concepts from the marketers who hawk ICOs. Those are digital products for speculators and not a cryptocurrency.

How do they work?

Cryptocurrencies work by permitting trust without any central authority keeping the books. Instead of a bank or retailer tracking your ownership of coins, a network of miners act as a giant network of distributed accounts. Their activity maintains the transaction logs, attests to the validity of transactions and keeps track of who owns what.

Here are some really interesting facts about miners:

(a) Anyone can be a miner. There are no restrictions on joining the party
(b) Eventually, everyone will be a miner, whether they realize it or not. That is, it will become a part of every wallet. The reason that everyone will become a miner, is because the rewards will eventually run out. When they do, the spread of mining to all parties is the glue that will keep transactions fast, free and trusted.
(c) Miners don’t “see” that they are writing, validating, publishing and guaranteeing validity of the books. From their perspective, they are participating in a massive networked gaming community. They race other gamers, trying to solve a math puzzle, while seeking little rewards as they go along.

Do you see future where we will adopt cryptocurrencies at international scale and, why?

It is inevitable! Someday, Cryptocurrencies will replace government issued currencies. I am certain of this. Why is this? Because Bitcoin is not only good for consumers, vendors, banks, lenders, creditors and NGOs — it is especially good for governments.
Today, some legislators and politicians fear that cryptocurrency will undermine a country’s control over its own monetary policy. This is true. Indeed, governments will lose that control. And this is good.
A government no more needs control over monetary policy as it does over telecommunications or the package delivery services. We are conditioned to believe that value comes from a trusted party, and this makes it hard to give up our assumption that governments must control the creation of wealth. But, in fact, nations are much healthier if they must balance their books like any individual, business, NGO, club, state or municipality. They can still borrow, of course. But they will no longer be able to print funny money and continuously hoist their debts onto unborn generations.

Why did bitcoin reach such a high value??

Bitcoin had a significant rise in 2017. From $1000 to almost $20,000 per BTC unit. During that time, the subject spread like wildfire — and so, of course did investor interest. News stories flourished and these led to functional studies by banks, vendors, exchanges, and settlement houses. But, more than 95% of trades were made by investors, day traders, hoarders and speculators, and this leads to a volatile commodity. (Not a bubble, but a very rapidly changing value). This exchange value makes for great dinner-table discussion. It also makes some very rich and poor traders. But, in the end, it is quite meaningless.
In the end, 1 BTC will always be worth 1 BTC. When the exchange rate fluctuates relative to the dollar or some other currency, you will wonder what good or bad news affected the value of the dollar. You will not wonder about Bitcoin, because goods and services will be quoted and exchanged in Bitcoin, and the value to your household will not fluctuate rapidly.

What is the best cryptocurrency out there and, why?

Bitcoin is the only viable long-term cryptocurrency. Others, like Ethereum, may survive or even flourish, but this is because they serve other markets, and are not trying to be simply money.

The reason that Bitcoin will not be dethroned as the future of money, is:

Developers that I work with view every altcoin as a beta test platform for Bitcoin. Any improvement, new feature or clever innovation can be backed into Bitcoin. It’s a messy exercise in democracy, but ultimate, it only requires that the new code is accepted by a majority of miners — or championed by rising user awareness.

Do you think ETFs will be possible?

Sure. This will happen. Some government bodies will be against it and some will be for it. But either way, it is fait accompli. Eventually, every country will be dragged into the party. In any democracy or capitalist country, there is no reasonable basis for government or regulators to forbid citizens from creating securities out of any commodity or asset. Cryptocurrencies do not present any unique issues for brokers and traditional exchanges. They can be easily securitized or partitioned into derivatives. Sure, some of these instruments will amplify risk, but in the end, the public will create and market whatever instruments they wish.

Do you think decentralization will be inevitable and, why?

Yes. Decentralization is inevitable, because it addresses the goal of fairness, accountability and capitalism. It has always been a viable solution, but without a mechanism to enable applications.
Trust built on decentralized consensus (especially money) creates a fair, transparent, fluid network. It keeps governments honest.
Contrary to early pundits, decentralized cryptocurrency does not lessen a government’s ability to tax, spend or enforce tax collection. Additionally, it does not facilitate crime. These are early myths from analysts who did not fully understand or appreciate the blockchain.
But, cryptocurrency will certainly change the social contract between a government, its citizens and its creditors. Walls will come tumbling down, and this benefits everyone.

Do you think we are making history and, why?

Yes indeed. Just like the steam hammer, the telephone, the internal combustion engine, the transistor and the internet, our grandchildren will look back on the 20-teens and 2020s, and ask what it was like to witness a revolution is real time. The advent of cryptocurrency is a bit harder to grasp at first. But it is just as transformative; just as beneficial; just as important to our future.

Can you name some of the projects who will have huge impact in society and, why?

Voting, Real estate (deeds, transfers, liens), contracts, multisig consensus (related to anything), peer review (in any field), medicine, genetics, law (adjudication & arbitration), sports (scoring and consensus) — and hundreds of fields that we cannot yet imagine.

What advice can you give to the people who are starting their own project on the blockchain?

Keep your eye on the fundamental things that make the blockchain credible and beneficial. That is, Be very skeptical of any implementation that is not:
If you are involved in a project that uses a new coin or token, ask yourself if the problem could be addressed by Bitcoin or Ethereum. If so, why bother with the new coin? It certainly cannot be as fair, transparent, vetted and scalable.

Where should people start when they want to begin to learn how blockchain works?

What resources can you share with us, besides the ones that you already share?

I write a lot of articles about the revolution under our feet. With irreverent modesty, I refer you to my own articles:
WildDuck I write under the pen name, “Ellery” [View articles]
• LinkedIn Blockchain columnist: Dozens of published articles. Additionally,
• Lifeboat Board member, Columnist [View articles]
• Quora Most active author Bitcoin & blockchain [1000 articles as “Ellery”]
Sophos Bitcoin wallet security [View article]

What is the next milestone to the blockchain?

In the past few months, we have seen the gradual roll out of Lightning Network. It successfully addressed critical infrastructure problems associated with of transaction speed, cost, and other issues affecting scalability.
There are several minor issues to be addressed, mostly related to security, malleability, and testability. But I am most interested in two long term issues that must eventually be addressed:

1. Energy Consumption Caused by Proof of Work

The blockchain is the engine of Bitcoin and all other fair cryptocurrencies. Currently, Bitcoin’s blockchain is based on a distributed consensus mechanism called Proof of Work [POW]. It is fair, but it is very expensive. If solar power and other cheap energy sources spread across the world, the economics of POW guarantee that all the new, inexpensive energy will be diverted into mining and will not free humanity from fossil fuels and massive cash payments across borders.
We must replace the current Proof-of-Work mechanism with one that does not suck up every available kilowatt. Currently, POW is the scalability elephant in the room. Other cryptocurrencies have introduced alternate consensus mechanisms, but, in my opinion, they are either centralized or unfair.
Fortunately, other fair, distributed consensus mechanisms are on the horizon. You can read more about it here:

2. Dwindling of Mining Rewards and the Alignment of Goals

Every user must eventually become a miner. This will align the interests of stakeholders, incentive validators (what is now called miners), and enhance Satoshi’s vision of a fair, decentralized system of accounting and consensus.

What motivates you?

I am very fortunate to have discovered a calling and a career that fires my passion in every way. I recognized the importance of the blockchain and Bitcoin very early, and as an amateur writer, I realized that I could dispel myths that were bound to arise. The biggest myths about cryptocurrency, and Bitcoin in particular, are:
Absolutely none of this is true. But it makes for great press and it leads to a state of fear, which helps to mislead the public. I try hard to counter such misunderstanding and irrational fear in my articles, presentations and consulting.

What’s your definition of success?

Cryptocurrency transactions fall into two classes:

1. Transactions driven by money exchange or investment (speculators, hoarders, day traders)
2. Transactions driven by commerce (purchases, sales, debt settlement, staff salaries, interbank transfers, bonding shipments).
Today, the first category accounts for 95% or more of all Bitcoin transactions.
The first stage of “success” will be the time at which the fraction of Bitcoin transactions in Category 2 exceeds those in Category one. This will be the day that Bitcoin stops fluctuating and becomes a serious economic instrument.
Later a 2nd success will arrive when citizens of the world begin to shift their accumulated wealth and credit from legacy, national currencies to Bitcoin.

What you think of work/life balance?

With any career or project, there is always a risk of abandoning family responsibilities or the need to relax. I find my work to be both rewarding and relaxing (my career in cryptocurrencies and blockchain). But, I still spend more than half of my time with family and friends. For me, the balance is crucial to leading a fulfilling life.
Many of these friends are interested in the same things as me, and i always try to learn from those with different interests and skills.

What is the best advice you can give to the people who are reading this?

Don’t get sucked into ICOs. They are scams
More about this:
(a) Is every ICOs a scam?
(b) ICOs & altcoins rise and fall, but Bitcoin endures
-Philip Raymond
Phil Blockchain columnist: Dozens of published articles. Additionally, Admin/Moderator of Largest Bitcoin group; 30,000+…bitcoinreferee.com
Thanks for reading. If you have thoughts on this, be sure to leave a comment.
If you found this article helpful, smash the clap 👏 button.
You can follow me on twitter for more.
submitted by Different_Code to u/Different_Code [link] [comments]

Best of the best Q&A Stephens and Shingos. Team, Community, Competition, POS, Marketing

Team
stephen corliss, [19.10.17 21:07] Team Bitquence, Who Are They? Collectively, the team has over 150 years of professional experience, lead by a leader who has accomplished more in 19 years than many people will over their entire careers. This team has the skills and gumption to deliver what it promises. These simple facts should be enough to stop anyone from spreading FUD that anything here is a scam. If it is not, let me say this, I carry securities licenses that are overseen by government regulators and I also founded a regulated investment business that is still active. If I, or anyone as part of this team, were involved in anything devious, the Feds would be at my door with handcuffs. Would I or anyone of us really be this stupid? I can’t wait to remove all these irresponsible pinheads from this industry who care only about themselves rather than society. In the world I desire, there is absolutely NO room for greed anymore where society suffers at the hands of a few!
stephen corliss, [15.09.17 17:43] [In reply to James: stephen interested to know if Bitquence was on your radar before you joined us?? Or were you interested in getting into the space and they approached you?] Hi James, I've actually been in crypto since the early days all the way back to 2013, hopping around the globe trying to help shape the vision for our industry. BQX and I stumbled upon one another and immediately discovered we shared the same visions and inspirations to deliver a truly transformative platform that is built for the consumer to help them in every way possible to take control of their financial futures. This is also why Shingo and I believe our platform should cover not only crypto but even traditional fiat assets (sec's, bonds, etc). This is critical as consumers will have the majority of their wealth tied up in traditional assets, like those retirement assets tied up in employers retirement plans, for at least another decade before they can transition to the Blockchain.
stephen corliss, [24.08.17 02:47] [In reply to Matt Hopkins: stephen I cannot express how impressive the response from the team, Shingo, and yourself has been. Reading the white paper and watching your videos where just a glimpse into this amazing vision and platform. You guys have brought this community to the next level. Thank you for your transparency and constant updates. I know I speak for the whole community here. Here’s to a great future with Bitquence.] Matt, Thanks man. I've seen a lot of stuff in my life and people who claim to be visionaries, only one of them could hold a candlestick to Shingo. You know, I've seen and been involved in a lot of exciting things over the years but nothing like this. Not even close!
stephen corliss, [25.08.17 21:07] [In reply to Liam: Stopping wild rumours in their tracks with your unbeatable knowledge of all the rules and regulations that need to be adhered to, I wonder how other crypto companies ever manage to survive without someone like you on their team] Sustainability of Bitquence and the entire eco-system is of major importance so some times it means getting very deep into the weeds as the complexity level globally can be a daunting task to most. But, it can be fun, especially if your bit wacky like me!
Shingo, [30.09.17 05:59] [In reply to Long Ton: How many coders do you guys have working on Bitquence? I’d be concerned if Shingo was managing university and coding] 7 or 8 devs if you are talking about technical people working on various aspects of the platform. The number feels about right to me. Jeff Bezos always said you should have no team that is too big to share 2 large pizzas otherwise you lose productivity
stephen corliss, [02.11.17 16:02] [In reply to Markus Winnen: What´s the story behind hiring you? Did you know each other before or how does the contact happened? :D]
We didn’t know each other but we had some mutual acquaintances. After meeting, Shingo and I immediately hit it off and also discovered that our dual solutions for creating a new eco-system for global financial services had a lot of overlap. So, they asked me to come on as a founder. Decision was easy.
stephen corliss, [02.11.17 23:49] [In reply to Ab Alphabeta1: amongst all your positions at work so far, which has been your favorite ? I know the first job is always special, apart from that?] My work at BGI/iShares was very special for numerous reasons but none more meaningful than having alignment of core values. The work itself was awesome as I had to build a global sell side business across asia, europe and americas, which is extremely hard to do by itself but doing it within a buy side asset manager and then integrate the two together was unheard of. Building an entire infrastructure including global trading systems across all asset classes including equities, bonds and cash is a lot of fun as you have to also build all of the upstream and downstream processes and tech and then overlay 100’s of jurisdictional regulations and laws while collaborating with regulators. Crazy fun but it was even more rewarding because in a short period of time we grew it to a $200m revenue a year while trading $350billion in assets.
stephen corliss, [10.11.17 18:06] [In reply to Kevv: if you don't mind be asking Stephen, what's the team plan with recruiting/getting more dev/marketing/back end ppls ect?] Its a continuous process but we have the core team of expert devs building as we speak and our expanding with other experts, eg. AI and Machine Learning, so things are changing rapidly as we progress on the roadmap. Non-technical staff are also in the picture and being added continuously as we have already have key staff onboard as part of the assembling of a highly skilled marketing team. Lots happening!
stephen corliss, [15.11.17 15:31] I learned quite early on that creativity and innovation are things that can come both normally and with intention. Most people don’t deliberately set aside time to tap into these skillsets. For me, I’ve always allowed myself time each and every day to challenge conventional ways of thinking, business and economic models or broad processes. This often allows me to devote the time to really understand an issue, model and process so I can then break it apart into small pieces and rethink how to rebuild it to be bigger, better and faster. This is why school for me was frustrating as it moved at a pace that doesn’t truly allow one to build in-depth knowledge and understand all sides and angles. Most of what I have come to know came afterward or what I did on my own time. Hate to admit it but my hobbies are not traditional, I like researching the history of capital market and economic models and studying congressional history around how market based rules came about and what motivated them. Weird? Yeah, a bit but if you truly love something, who cares!
Community
stephen corliss, [28.10.17 14:21] All, As the public opinion debate about Bitquence is beginning to ramp up I wanted to take a moment to share some thoughts. Openness and transparency are one of the several reasons I decided to enter crypto several years ago. This may seem strange coming from someone with my background but in my opinion, the traditional approach of hiding behind the corporate veil is cowardly and toxic. So, for any firm in this space, both it and its supporters must embrace diverse opinions and have an intelligent and open dialogue with those that disagree with our opinions. Lets not embrace the culture that exists in our global politics where those with different opinions are tarred and feathered but rather choose to behave like adults to set the example for our youth. Crypto is not about being closed minded but rather quite the opposite. So, when we are challenged lets not scream the loudest and attack but rather choose to engage those having different opinions in an open intelligent dialogue. Lets ask the tough questions of ourselves and others. If someone has an opinion, lets discover what informs that opinion by demanding openness and transparency about the facts that matter when sharing that opinion such as someone’s background or the analysis, facts and details that support it. As you all know, Shingo and I are here everyday to answer all of your questions, whether easy or difficult. This is a conscious decision on our part because of two main reasons, first because leaders in our industry should not cowardly sit behind the corporate veil like our traditional corporate counterparts and secondly, because we are building a global community that desires a financial system that works for society rather than against it. Lets embrace diversity of opinion as we are a diverse community from all walks of life who understand that differences should be embraced rather than pushed aside. I will be here everyday no matter how big or busy things become at Bitquence. Not because I have to but rather because I want to. I’m not afraid to be challenged and neither should any of you as this is the only way to get to the best result. I love this community so lets do everything we can to maintain a culture of openness that embraces our differences to discover the best answers. Change is coming!
Shingo, [10.09.17 18:42] The Bitquence community is different from other communities. We are smaller, but passionate because we all share the same pain points and yearn for the same vision. You don't see this sort of passion in many other places which is why we don't care very much about the short-term. We are looking long and when we have the product, we will get people to come and Bitquence will change the way people interact with crypto
stephen corliss, [19.10.17 21:22] Those of us in this community all know that we have the best community as each one of us plays a powerful role in building the momentum behind a unique grassroots movement that is absolutely scaring the shit out of our competitors. People Powered ya’ll !! stephen corliss about communication [21.08.17 18:32] You all deserve nothing less! We pay attention and want to ensure we all move along together and share in the fun
stephen corliss, [12.10.17 05:29] [In reply to Ke: Stephen can you specify 1 or 2 concrete things that those of us longterm holders who see the vision especially the 7yr plan to overtake Fidelity can do right now to help make it a reality perhaps sooner than we imagine. I believe alot if folks here are in this not just for the profits that will surely come but also because the vision of changing consumer finance is noble.] Two things, absolutely. 1) Every chance you get whether digitally or voice speak positively about this industry and recognize that early on it was full of bad stuff but we are changing that now by legitimizing everything we do so we can change financial models for the future 2) re-Post anything from this forum, other forums or from our site that you believe in, to any venue whether it is Facebook, Twitter, LinkedIn, Reddit; etc. Don’t do or post anything that you don’t truly believe in as people will see through that instantly. This is not about a single person or company, this is truly about what is best for us as a global community. Our dipstick lawmakers may believe we live in separate societies, but I believe we live in just a single global community who wants more than what the current rules and structures consider. Yeah, a bit of a soapbox comment but this is our time to really deliver change. That is what drives all of us.
Shingo, [26.10.17 20:46] We have said time and time again, we are looking for real, organic growth and a genuine brand and community. That is why we avoid hype, shilling and all that comes with it
stephen corliss, [04.11.17 06:04] This project is backed by a community. We are not defined by any one individual, not Shingo, not me, not the team, but instead a collection of individuals who desire change. We have many supporters and we appreciate them all and although I personally don’t know Suppoman, I would ask that you not slander anyone in this forum. Lets just keep everything professional and focus on delivering change together.
stephen corliss, [25.08.17 04:43] [In reply to John: stephen enlighten this newbie here...what can i expect for investing in bitquence] Game over bro! Sorry for the playground choice of words but if anyone has aspirations to see mass adoption of crypto become a reality then they need to be a part of this community who together will make this a reality. I couldn't mean this anymore than I do. This only happens with every one of us sharing a goal to deliver a new paradigm for financial services, especially how we build wealth ( that means You, Shingo, Adam, Kevin, the other BQX team members, everybody!)
stephen corliss, [10.11.17 23:57] Community Message: All, I wanted to share some thoughts on community etiquette. As we are moving quickly into a very serious phase, I want to share with all of you our views on how we proceed and protect our positioning and image. As you all know, we are a community fighting together to bring real change. As part of doing this, what this means is that we are having serious strategic discussions with countless serious and successful businesses to partner with us as service providers, strategic partnerships and the like. However, what this also means is Bitquence is now under the microscope and held to a much higher standard than most. To ensure we maintain the best public profile this means we must also ask the same of all of you as we are in this together. So, earlier today we had some person enter the forum talking about shorting and referring to BQX as a scam. Rather than sit idle and extend a long rope as we normally would do, I banned this person almost immediately. I didn’t do this to “muffle” anyone’s voices or to limit healthy debates or discussions but rather to protect the public profile of the community and Bitquence for the very reasons I just shared. I promise you that we love and embrace diverse opinions and love open debate but we all must now realize the we have moved into a very critical phase and professionalism has to be the standard. We are doing the impossible but each and everyone of us is playing a critical role in our overall success so lets not allow Fudsters and people focused on themselves to tarnish our image.
Thank you all for everything. Much love!
Competition
stephen corliss, [28.09.17 14:57] If you can find me just 1 single competitor who can do what we plan and do it in a way where they won't violate laws and can service every jurisdiction, let me know. I don't see anyone thinking about this the way we do. Remember, first may be okay initially but if your model isn't sustainable and insulated from all the changes to laws and regs that are forthcoming, then it won't matter as you will be out of business. Working smarter and with speed and precision is always better in my book. I don't think the complexity of what we are doing and the space we're doing it in is always apparent. You can't just build something, especially in finserv, without knowing first where all the minefields are, as many have tried before and have since departed with many others to follow. Don't get me wrong, I don't wish this on anyone but if you don't plan appropriately, there really isn't an excuse. If we are sustainable, everyone wins. The team has basically doubled in a week, so the train is rolling at a high rate of speed to deliver not only an innovative model but also "several" innovative tech solutions.
stephen corliss, [15.11.17 04:14] [In reply to EstimatedProphet: Stephen since you are the global strategist, what do you feel gives you a strategic advantage in comparison to competitors? Is the product quality? Is it your former experience in the finance industry? I would love to know. Also, do you feel that certain relationships you have made in the past working for BOA and BlackRock provided outlets/resources that others might not have access to?]
Great question. Let me try to answer as best I can. what do you feel gives you a strategic advantage in comparison to competitors? With Shingo’s vision and capabilities, my knowledge of global market structures and regulations and the expert team we have brought together, I believe there is no other firm with the collective capabilities that we have at Bitquence. I’ve personally spent nearly 30 years studying everything about global finance, capital markets, structures and regulation. I believe the team here cannot be replicated anywhere. So, competitors may be able to copy but they will never do it as well as us because of our knowledge advantage. Is the product quality? Knowledge and capabilities unleash quality, which is what will differentiate us from all others Is it your former experience in the finance industry? Partially but it is the team that gives us the advantage. Also, do you feel that certain relationships you have made in the past working for BOA and BlackRock provided outlets/resources that others might not have access to? OH, MOST DEFINITELY Lastly, what do you currently feel is the most important market for BQX to take over first? I think we’ve said this before, its the United States. Why? All others avoid the US because they believe it is too risky, I don’t agree. If you solve for the US, this means you can operate pretty much anywhere. So, we solve for the US now ( Which we have!) and then concurrently role out in other Jurisdictions across Europe and Asia. I know there is a global strategy at hand, but what national market is most important to make the mark and or ensure long term success? See above.
Shingo, [15.09.17 22:58] I've seen at least 12 platforms that people are saying "doing something similar to bitquence". If we were the only ones trying to do what we are doing, I would be very worried! The fact that so many are trying to do stuff like this simply means that there is a very real market need for it. Competition is good and will motivate us to make the best product
stephen corliss, [14.09.17 13:19] [In reply to momo] Absolutely, competition is healthy. However, we have a significant advantage as we have visionary engineers and financial minds who know how to create something that nobody has seen before that can also withstand the highest degree of scrutiny. I wish I could find the words to explain how difficult it is to uncover the solutions we have found but I cannot as it requires much more space than is available to me here. Plus, why tip off everyone! let them figure it out for themselves after we become the biggest baddest platform on the street!
stephen corliss about competition, [08.09.17 16:13] Coinbase is not a good barometer for Bitquence, whether we're discussing technology, legal/regulatory structure, product / service quality and depth or customer service. If you can't even get customer service right, how can anything else be great? No worries all, the BQX Team understands all the critical elements required to deliver! Competition? What competition....! In my view, we are trailblazers. Sure, many will try and follow us or even try to interpret our vision and replicate it to beat us to market, but none will be able to do this with complete success. That's what drives us and focused is what we are!
[In reply to Bjorn: How does BQX not be a competitor of existing Exchanges Stephen if we can buy and trade coins on the BQX platform?]
Thanks Justin! Hi Bjorn! Let me first call your attention to page 7 in our latest Whitepaper. Here you will find how all of the various dynamic layers of the platform work in conjunction with one another. BQX powers everything on the platform and links the Platform Layer with the Liquidity Layer. BQX will represent the individual baskets which will hold diverse ccy's and coins where liquidity for the individual constituent ccy's/coins will be sourced via CCY and Coin Exchanges. (also eliminating counterparty risk) There are a lot more nuances here but this should give you more details. I likened this to what we did with exchange traded funds over 15 years ago where exchanges at the time felt unnecessarily threatened by ETF's as they thought it would hurt their businesses. In fact, it did exactly the opposite as they generated exponentially more trading volumes because of the many:1 design of index funds. In the end, what this delivers is a fully fungible diverse basket of ccy's/coins that delivers the full benefits of directly holding them while streamlining day to day transactions for users. Does this help at all? Again, this is why we help exchanges grow their business as it allows for "mass adoption".
stephen corliss, [03.09.17 15:51] [In reply to Z Davinci] All, We hear you 100%. Let me make one point reference competition. Competition will be and is a healthy thing for any industry as it provides options for consumers while also allowing consumers to choose the better service provider and technology. However, when building a model in an industry such as this one that has to align with a complex financial industry centuries old, most will either fail or miss the mark significantly. What we have right now is a classic "square peg round hole" situation where ONLY those with the necessary technical, business AND industry expertise will win. What I can share here is this, we've done all of the necessary work designing a comprehensive solution that can flourish in a highly fluid business environment, where most others will be confused and distracted. I've set up many financial firms in my life worldwide so this is not unchartered territory and we will do whatever is necessary to ensure BItquence can flourish. FOCUS, BE BOLD, BE FAST, BUILD AND DELIVER, it is as simple as that.
stephen corliss, [08.09.17 02:17] [In reply to Slim] First, I'm old school so lets start with a giant HA! Then, lets move on to calling bullsh1t! Clearly, they have no idea about what we are building, and more importantly, how one goes about doing it. Lets take those comment 1 by 1. 1) Its a lot like Prism and Iconomi? What? Prism essentially deploys a CFD type model where holders do not hold the underlying coins it is meant to track and thus users have no rights or benefits that may come with each coin. All they have is a bet that they can win or lose. This is more appropriate for heavy traders employing a hedge or wanting quick/simple artificial exposure. It also doesn't save much in transaction costs either, which contradicts one of the main benefits of a CFD, their usually cheap! I don't knock their product but it is a complete 180 from BQX. Now Iconomi is different but similar. Considering my years with Indexes and ETF's, I clearly appreciate what they are trying to do. However, again, I have access to yield generation capabilities (or not depending on market moves) but what do I actually own? ICNX and ICNP only, not the underlying coins. Is the DAA transportable? No. I can go on and on but it seems unnecessary. Especially considering that none of this considers the Universal Wallet and all its benefits. 2) You do not own the currencies, you own the keys? Wrong, you own both! 3) You are given est. prices and own the assets and compare to actual investments? Nope, you know prices (est and actual) and own the ccy's 4) We are going big and will hv hurdles? Sure, but we solved those already! 5) Bitquence is centralized? Ah, nope its not. 6) They hold the wallet? Nope! 7) They are the exchange? Nope, we deliver optimized price discovery, cost reduction and lessen market impact 8) 1% Fee? Maybe but not finalized, however, that would be a lot cheaper than anyone else by leaps and bounds! 9) Years for product introduction to US customers? Solved!
Okay, did I miss anything? The problem here, all, is that our peers like to say that they understand Shingo's vision, but in all do respect they really really don't. They are building interesting products but none are remotely close to BQX because our visions and motivations are vastly different. We can cohabit the same space as we service different clientele but the similarities begin and end with we occupy space in the same industry. Product differentiation is quite vast.
stephen corliss, [07.11.17 20:53] [In reply to Ke: Is it fair to say that the biggest target bitquence is going after right now is Coinbase? Is that the real competitor?] I wouldn’t call it that specifically. In the financial space there are 2 main groups, Buy Side (eg Blackrock) and Sell Side (Brokers/Exchanges). I believe Bitquence is on the Buy Side and Coinbase is on the Sell Side. So, they could service us as a liquidity provider. However, because of their model involving coin storage, we will have an impact on them as consumers begin to leave their assets in cold-storage. However, this dynamic could still be positive for Coinbase as Bitquence creates opportunities to deliver new product sets of which Coinbase could provide liquidity and possibly even custody.
POS
stephen corliss, [13.09.17 13:54] POS is rebranded to Bitquence Predictions as POS implies other things, although we share numerous simiilarities
Shingo, [23.10.17 18:50] We have changed predictions as a "reward only" system to avoid complex legal concerns
Shingo, [23.10.17 18:42] [In reply to Marco: will BQX hodlers generate profits just by hodling ? (similar to OMG, NEO,...)] I would be cautious of any "passive income" model that is uncleared by regulated bodies. As Stephen said, there are some structures that may work and others that don't. There isn't enough guidance in the industry right now to say for sure Chris Ryan: So all Proof of Stake coins are considered securities?]
Stephen: That will depend on the details. First question to ask is always, what are users doing to earn divs? The less substance there is the more likely a coin will be found to be a security.
Shingo: The jury is still out for me whether or not proof of stake is passive or active income. Masternodes to me seem to be able to be justified as "active income" since you are providing services to the network and getting compensated in return. In that sense you could say you are getting paid income by the organization. The way OMG describes their model is a "tollbooth on a busy highway". As Stephen always says "The devil is in the details". I wouldn't want to say anything here without proper due diligence. I am excited for what OMG is doing and think they have a lot very great minds working for them. I'm sure they are considering issues such as these
stephen corliss, [02.09.17 14:30] Good morning! Quick details on POS or what we now call Bitquence Predictions. First, the critical outcome from this service is high quality intelligent data, which you can think of as Consensus based research. This service is the first step as it builds a valuable data inventory that will feed into our Basket creation, risk management, asset allocation and other functionality. It also allows knowledgeable and successful users to establish and build their reputation and following on the platform. This was never intended to be a gambling service and be, as some say above, "the only value maker for BQX". This thinking is an incorrect interpretation and I hope this explains why. BQX value creation, as discussed in slightly earlier threads, is generated by what happens in the next phases of the project, which are the "transactional" based Baskets and Universal Wallet services where BQX is both 1) necessary as Gas and for transactions and storage 2) A constituent holding option in the basket 3) liquidity enabler for the Liquidity Network and The Universal Wallet. Now, there are a lot more details to think about when thinking about BQX value creation but each one of the above should provide the basis for that analysis. Hope this helps.
stephen corliss, [29.08.17 22:40] All, I want to be sure the entire community understands precisely how POS will work. First, as you all know, we have been doing a deep global analysis of our entire roadmap, vision, products and services. This strategic analysis is and will continue to be our guidebook for all related decisions. The analysis is premised on one large assumption, during the short and intermediate term Bitquence should not require financial related licenses (Unless it is mandatory) in any jurisdiction. As such, with regards to POS, we have completed the required analysis and in NO way will this service be considered gambling, investment or derivative related. Users will not surrender / pay anything of monetary value to participate in POS. Winners will benefit and be rewarded for providing essential data but this will not come from any other user who predicting incorrectly. We will share more information but the above statements should clear this issue up. We of course understand that some of the information put out by us may have lead to this confusion but we will revisit those materials in due time to ensure they are more precise. Thank you everyone!
stephen corliss, [28.09.17 14:51] [In reply to Yoyo: People would get free coins to keep coin in the wallet?] Lets stick to Predictions. In order to build the most powerful financial platform, it begins with intelligent data. The best or smartest data isn't traditional research or crowd-based data individually but collectively. So, we begin by building superior Intelligence by first having users provide predictions on coin performance over short and long term periods enriched with other social data created on the platform. To encourage use, we allow users to join the platform and begin predicting and participating in other social engagement. The more accurate you are, the more rewards users can obtain. The more followers users gain, the more rewards they obtain. This is unique content and when enriched with other traditional and non-traditional research, it is highly intelligent and significantly useful to users when making both passive and active coin decisions.
Shingo, [27.10.17 07:04] [In reply to Ab Alphabeta1: Any coin which provides some sort of dividends be considered security?] I think the distinction is more between passive and active income and income on investment versus income for services rendered. Any token that requires you to stake or use your token in some sort of process that benefits the network suggests to me that it is compensation for services rendered. That being said, line is really blurry and won't become clear until governments and regulators catch up and render a decision
Marketing
Shingo, [19.10.17 19:27] I want to clarify what we mean by marketing. What we will NOT be doing is buying ads, spending on search/video/interstitial etc. What we ARE doing is putting effort into nurturing our community and increasing our earned traffic. This means upgrading the brand, creating a PR plan, scheduling releases etc. Once we launch the product, we will begin to buy ads and push the marketing pedal. I believe that this is the right strategy and will help to develop this community organically
stephen corliss, [20.10.17 01:55] As I know you all know how we approach things by now, I would hope you all expect a slow dribble of news that all connects strategically. We have a lot of great things brewing and information will follow but only when the time is right. We don’t buy into the hole pump crap, so please just remember that we are extremely strategic and precise in everything we do.
Shingo, [16.11.17 20:03] [In reply to Steve Crypto: Do you plan to make another Dev Update video for those who are not part of the Product Council?] Maybe... I've answered this question a bit before. We want to release less high quality content. What will likely be the format going forward is: - ExplaineAnimated Product videos - Captain's Log - Thinkpieces - Blog
Shingo, [01.09.17 02:38] [In reply to EstimatedProphet: Shingo are there any strategic marketing techniques being aimed at the general public? I know you're targeting mass adoption, but what is the plan for reaching consumers outside of the Crypto community?] Lots of guerilla marketing. One of the initiatives we are working on right now is building a large library of content aimed at new users (courses, blog content, guides etc.) We are hoping that for many people, their first interaction with bitquence will be "how do I buy bitcoin" or "what is Bitcoin" We hope to serve the user over the course of their journey of discovery from learning about crypto, to becoming a social crypto trader
Shingo, [10.09.17 18:41] While we are developing the product, we want to be careful with the brand and marketing. There is no point in pushing out our message far and wide before we have anything to show people besides demo videos. Building a community organically is much more powerful than building an artificial community that doesn't care about the product
Shingo, [13.09.17 21:05] [In reply to Ke: Shingo...could you shed some light on how you and the team plan to get this out to the masses once the product is out? Do you plan for early adopters to be sophisticated types looking to enter a new asset class or do you plan on positioning the product as a new cool way for millenials to get a solid ROI through this beautiful tech solution? Or can you adequately market to both groups?] We don't quite want to tip our hand just yet, but our customer acquisition strategy is going to strategic partnerships and aggressive competition to market incumbents. Our strategy with exchanges has always been to get more people exposed to BQX and learning about it which is why we have been pushing for listings and why Binance was a great victory for us. The second part is aggressively going after different market sectors in the crypto industry and strategically taking market share. We anticipate that improved tools, guerilla marketing, enthusiastic community and solid promotional materials will make for a powerful combination as we enter the next phase of development
Shingo, [19.09.17 18:50] [In reply to Greg: It would be nice to put up dates on roadmap in white paper or in one of dev updates, to be official.] We don't want to promise something we can't fulfill. We try to hold true to everything we say publicly. Our PR motto is under promise and over deliver which typically leads to more happy people than the opposite
stephen corliss, [24.09.17 16:43] [In reply to M I H A I] Good day all. Marketing is absolutely critical. However, burning capital on marketing "too early" runs the risk of having a large CAC that will have significant negative results. Your points are not wrong but the right timing is essential
Shingo, [09.10.17 05:17] What I want to do is frame up some more of our ambitious thinking in a way that people can understand where we see all of this going but also while preserving our competitive advantages over others
Shingo, [13.10.17 20:58] Again - we are revamping our marketing efforts and part of that means putting together a cohesive plan and schedule. That means less in the short term, but I believe that it will be highly beneficial in the long term once we start executing to this plan. Instead of putting out mediocre marketing immediately, we are going to put out great marketing in due time.
stephen corliss, [20.10.17 14:15] The only things we will be protective of are those elements that allow us to maintain a competitive advantage and a leading position. Typically these will be strategic initiatives that we will need to keep top secret until making a big public reveal. This allows us to protect our first mover advantage and further differentiate ourselves from everyone else. We have a few big surprises already.. 😊
stephen corliss, [24.10.17 14:27] All, lets move on to more constructive topics. We have just hired a very talented Marketing Executive who is developing our short and long term strategy as we speak. The benefits of this change will be significant and be visible across all channels and methods so lets stay tuned. I’m quite excited as this has been a big missing component for us that is now ramping up!
submitted by Greeegi to Bitquence [link] [comments]

Greetings Vertians - newbie here saying hi and questioning a few aspects as well as trying to light a fire under your butts :P

Hi everybody, relatively new to crypto in general, but i would say i'm more informed than most joining the market at the moment , i have read various whitepapers, i thought long and hard about if i wanted to invest and how, realising the risks, i am by no means a wealthy individual but i am into tech and see more than just the value of a digital asset going up or down, i see potential in this market in general.
i purchased a Ledger nano s before i had any real amount of crypto as i understand how weak OUR OWN security can be despite the security of the technology. (claimed some from faucets to understand the bare bones first)
currently waiting for transfer to complete to Coinbase then to -> GDAX then to Bittrex or some other to buy alts via Litecoin for the lowest fees (gbp to euro in revolute) -- also can i point out this is one hell of a dodgy ass way to purchase crypto for one coinbase need your id...ummmmm yeah did not like sending my identity documents over the internet
i am by no means an expert but i think I'm doing this right so far.
my first go at mining was nice hash, i made about £6 then the hack happened, after playing around I Am currently I'm mining via MPMH and Awesome Miner, then converting on their exchange into Vert! this... is where my first question comes in.
secondly although crypto can coexist lets face it, adoption is a kind of arms race, whoever wins adoption wins the argument re: are you a valid currency ... which vert is and should be in my eyes ASIC resistance helps a long way in this of course on the fairness to miners but to a shop keeper... he doesn't care so much, what he does care about is:
ok you gave me some numbers how to i turn this back into "real (fiat) money" so i can pay my bills or purchase more stock.
From what i have seen "Crypto_Vault" may be good for this (at-least in USD to start with) and from this business risk perspective we need to support projects like this, currently crypto is a minefield when it comes to transferring one type of value to another issues with Coinbase GDAX Bitttrex ...ahem..MTGOX are well known and often shouted about, Especially from people making claims about trying to get their fiat currency back.
This needs to change, far far more than if we can be listed on an exchange and "moon" although I'm sure for may people here that have been sticking out the roller-coaster that would be nice, lets be realistic here British gas, Eon, HMRC (English IRS) etc. are not just going to accept and hold crypto - They either would want to convert it immediately or if they did accept they would want to be able to pay their staff with it, which means those staff members need to be able to use it, or switch it back to gbp to buy an item some where that doesn't accept coin x (yes lightning and atomic swaps help here but still that's coin x to to coin y not coin x to fiat)
So as far as i see it , crypto is a grass roots movement , great ok then so we need to convince small shop owners small chains, pubs , online retailers to accept crypto. good fine and dandy, but wait how do they pay their bills with it?? At the moment lets face it they can't, so unless they are enthusiasts or watching the markets and seeing the value of bitcoin rise over the past few years, they will not want the hassle of selling vert on an exchange at least not directly.
So with that in mind i see projects like Crypto_Vault being instrumental in changing this, perhaps one day the VTC wallet could do this as well?
so for merchants as i see it Crypto -> Fiat and vice versa is an issue if we are the ones to solve (or promote the best solution) that should help Vert coin's adoption.
another thing to help vertcoins adoption is ...uggh...marketing here specifically i know WE ...US...the community can do this, i have graphics skills, and at least half a brain - however there are no set standards that i can see (I am Aware of the discord i know i can ask) but I'm talking about making this easy for people to spread the word, via posters leaflets etc that they can design and post for others to use (provided correct branding and accuracy) - but even if we do this at this stage we still face the money issue listed above.
i have a set of skills I am willing to put them into helping vert and for vert's adoption to grow but what i don't have is any direction, personally i think this is a great community from what i have been reading but there are too many people complaining about the price and too few willing to act. HODL doesn't mean let everyone else do everything ...sure you can, you can even make money ....but you will make more and make a tech survive in a flooded market if you help it out where you can however you can surely??
if Litecoin is silver to bitcoins gold, Vertcoin can be Copper to Litecoins Silver (copper is still very expensive and has far far more uses than gold and silver) who knows maybe more but not without our help!
Remember guys Green is the colour of money (see marketing slogan right there) ...unless your not in the us then its just confusing :P
Sry if this was ranty guys I hope I'm not spreading FUD or out of order in anyway just saying it as i see it.
TLDR; - There's lots still to do to increase adoption come on lets organise
submitted by AmmoniteII to vertcoin [link] [comments]

PSA: Before the rocket boosters deafen us

(I was asked to repost this and we're all in this together, so here it is)
Hi everyone,
Like you and everyone else; I've been getting excited pouring over every Bitcoin news scrap out there. Strangely, I have also been having a lot of feels creeping up about the whole magnitude of the situations we all know in our hearts are materializing right in the here and now. Deep feelings wash over me and overwhelm me; admittedly I've been trying to ignore these feelings for last 4 years now to keep my eye on the prize - so to speak.
These feelings are starting to weigh a little too much - so I thought I would share.
There is in my gut, a great joy and also oddly, a deep dread, for what could be a moment in history that will be known forever as the "Great Bitcoin Awakening" or some other such thing.
The joy would be easy to describe to you, and there are many better writers out there who can give you all the elaboration you need on; technical analysis, code review, BIP proposals, regulatory updates and so on.
So lets leave all the hypeing for the pros...
So here are my true feelings on this crypto-future which is barreling down on the world as we speak. We are all rushing to play our part in the game, whether we code, trade, write, spend, or preach - were all doing the hustle like its going out of style.
What's left however is dread
The dread is a mixture of fear and something deeper, maybe darker. The fear comes from the same source as the joy; My mind whirls with all the possibilities of wealth or poverty: I could be rich beyond what I have ever known, and the gravity of that is huge. The world could all come apart in the process with riots, wars, famine, etc. Even if Bitcoin succeeded in taking over the world - I'm suddenly surrounded by thieves, crooks, strongmen, hackers, and all of them and me are in the middle of a minefield that doesn't discriminate!
How will people change, how will I change, how will the world change?
But even that isnt really "the big problem"; what really eats away at the soul is when I imagine all my ambitions having been finally met and then nothing beyond those ambitions... So now I'm rich, so what? :-(
It's not as simple as needing someone to talk to, but rather its the need for someone to "be there" for it, to experience it with me.
We have preached and annoyed so many people about this Bitcoin thing, but to what end? Sometimes I look back and see the time I was wasting - time I could/should have spent just having fun with them, or sharing a quiet special evening, or forgiving them for past mistakes. Now they are gone, or maybe I'm gone.
Never-the-less we can't change the past and we should try to live lives free from regrets, but I have to admit - being rich and alone doesn't sound like a good trade.
So just remember, that no matter how loud the booster rockets get, money past a certain point doesn't really matter to the human condition - money comes and goes.
What matters is people, and how you treat them. Make sure you are treating your people well, and if you are letting some important relationships slip away because of your Bitcoin obsession or other unworthy reasons; take care of that now before the rocket-boosters deafen everyone.
In the words of Bill and Ted; "Be excellent to one-another".
I hope you understand, Thanks.
submitted by luckdragon69 to btc [link] [comments]

A list of my favourite bitcoin sites!

Here's a few sites I use daily to get a couple of bitcoin, they don't pay out a lot at once, but you can get coins very regularly, which makes them good in my opinion.
If you have some coins put away, and you're feeling adventurous, MineFieldref allows you to bet your coins (minimum of 0.001) and play a game that's sort of like minesweeper, but each time you don't hit a mine, the amount you've bet is multiplied by a certain amount (depending on how many mines you had and how many clear squares are remaining). You can cash out at anytime, which makes it easier not to lose all your coins. For MineField, it's a good idea to bookmark the specific URL they send you to, as that is your login (bad system, I know, but it's not hard to bookmark it anyway).
submitted by Dodificationer to beercoins [link] [comments]

Play SatoshiMines! Win bitcoins!

Link to play — https://satoshimines.com/a/D6wJ
Satoshi Mines is a bitcoin-based game of chance played on a 5-by-5 minefield grid. The object of the game is to uncover as many green tiles as you can without uncovering any red mines. You win an increasing bitcoin reward for each green tile you uncover.
How is Satoshi Mines Provably Fair?
This game uses "game hashes" to prove itself. If you've played provably fair games online before, Satoshi Mines' method will be familiar to you. What are game hashes? Game hashes are how Satoshi Mines proves that each game's mine tiles are chosen when the game is created and are not tampered with. Hashes thus prove to the player that the game is fair.
When a new round is started, some of the twenty-five tiles are chosen as mines. Either 1 mine, 3 mines, 5 mines, or 24 mines, depending on the type of game you choose. The tiles (represented as numbers from 1 to 25) coupled with a random string generated by the server are hashed using SHA256. The result of the hash function is shown to you before you make your first tile choice.
Validating the fairness
After a game has been completed, the "three-number+random string" secret will be revealed. It is at this point you may validate that the SHA256 hash of the secret matches the hash that has been shown since the beginning of the round, by using any online SHA256 hash converter.
submitted by Satoshi-Mines to SatoshiMines [link] [comments]

How To Mine Bitcoin On Android - YouTube How to always win at BTC minefield. How to Use Bitcoin Calculator How to Double_Triple+ Your Bitcoins! Eazy RICH ! Mine Bitcoin on your Android Device

Bitcoin Minefield Bitcoin Stock Or Fund How To Buy Cryptocurrency Bitcoin Minefield Where To Buy Bitcoins Near Me Buy Bitcoins No Id Bitcoin Quote Right Now cure for ... Fun bitcoin minesweeper game. Low, 1% house edge and free coins every 3 minutes. Fast play speed. Posted by ozeronix in Uncategorized and tagged with bitcoin, bitcoin minefield, bitcoin pyramid September 7, 2012 This site is to promote and share the game Bitcoin Minefield, as well as other free ways to earn real bitcoin credits which are good all over the internet. Languages Here at Minefield.bitcoinlab they offer only one game, and that is Minesweeper. Their game interface looks like a “Minecraft” version of the popular minesweeper game. The game is actually easy to play, you just need to open up their website and you will be automatically redirected to their only game to play with. Once on the game page of the website, you just need to choose your ... This site is to promote and share the game Bitcoin Minefield, as well as other free ways to earn real bitcoin credits which are good all over the internet. It’s better than paypal, without all the pesky fees, and without the b.s.

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How To Mine Bitcoin On Android - YouTube

How to play Free bitcoin Multiply in Telugu The main function of a Bitcoin calculator is to compute how much processing power it will take to generate Bitcoins with a given hardware setup. Because of the deterministic nature of all the ... Autoplay When autoplay is enabled, a suggested video will automatically play next. Up next ИГРА МИНЕР НА БИТКОИН BitCoin - Duration: 3:12. This video is unavailable. Watch Queue Queue. Watch Queue Queue Close. This video is unavailable.

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