ButterFly Labs Magazine

ButterflyLabs

News and updates about the bitcoin mining hardware vendor, Butterfly Labs
[link]

Butterfly Labs Bitcoin ASIC mining device arrives in New Zealand

Butterfly Labs Bitcoin ASIC mining device arrives in New Zealand submitted by MineForeman to Bitcoin [link] [comments]

Butterfly Lab scam auctions on eBay are getting out of control. This particular auction is for a pre-ordered 30GH/s unit with a low order number of 7. Dude didn't even take the time to properly edit out his much larger order number. New to bitcoin? Be careful.

Butterfly Lab scam auctions on eBay are getting out of control. This particular auction is for a pre-ordered 30GH/s unit with a low order number of 7. Dude didn't even take the time to properly edit out his much larger order number. New to bitcoin? Be careful. submitted by BerneseTerror to Bitcoin [link] [comments]

Sometime in the past year Butterfly Labs purchased "WeUseCoins.com", the semi-official Bitcoin new users guide

I just noticed that sometime in the past year Butterfly Labs purchased WeUseCoins.com
WeUseCoins is one of the oldest Bitcoin websites (about a month before Buttcoin started, early 2011) and is known as the official "beginners guide" for new bitcoin users. It's on the Bitcoin wiki, the subreddit, and posted any time someone wants to know about Bitcoin. They also made the very popular "What is bitcoin?" video that has over 600k views.
The site now says "BF Labs" on the bottom, but purchasing the site was mainly to inject product links to BFL products.
Take the link on this page to "mining contracts".
Here's the page as it was cached in October 2013: https://web.archive.org/web/20131010210100/http://www.weusecoins.com/en/mining-guide
Link goes to the official Bitcoin wiki
Now look where it goes to: https://www.weusecoins.com/en/mining-guide
Butterfly Labs. Their links are peppered everywhere else on the site to. Any link that went to the Bitcoin wiki that mentions Mining Hardware or Mining Contracts now goes to the BFL website.
WeUseCoins is a PR6 website in Google which is very authoratative. Has over 450k backlinks as well.
A link from WeUseCoins is very valuable and just another one of many sites that BFL purchased to control their image online.
submitted by borderpatrol to Buttcoin [link] [comments]

21 Bitcoin Computer the new Butterfly Labs Monarch?

submitted by koeppelmann to Bitcoin [link] [comments]

New miner here, what will happen the price of a bitcoin after Butterfly Labs releases its ASIC products?

Sort of an economics question I guess.
submitted by Jace11 to Bitcoin [link] [comments]

Is Black Arrow the new Butterfly Labs? The New Bitcoin Mining Manufacturer In Problems

Is Black Arrow the new Butterfly Labs? The New Bitcoin Mining Manufacturer In Problems submitted by bit_moon to Bitcoin [link] [comments]

21 Bitcoin Computer the new Butterfly Labs Monarch? /r/Bitcoin

21 Bitcoin Computer the new Butterfly Labs Monarch? /Bitcoin submitted by BitcoinAll to BitcoinAll [link] [comments]

Bitcoin: Butterfly Labs Announces New Product "The Monarch"

Bitcoin: Butterfly Labs Announces New Product submitted by ThePanCakeKid95 to Bitcoin [link] [comments]

50GH/s Butterfly Labs ASIC Miner (Brand New In Box) Ready to Deliver Now! is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/50ghs-butterfly-labs-asic-miner-brand-new-in-box-ready-to-deliver-now/

50GH/s Butterfly Labs ASIC Miner (Brand New In Box) Ready to Deliver Now! is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/50ghs-butterfly-labs-asic-miner-brand-new-in-box-ready-to-deliver-now/ submitted by duetschpire to cryptothrift [link] [comments]

Weekly Round Up: Butterfly Labs buys Buttcoin.org, Rakuten hints at Bitcoin and New York reveals BitLicense

Weekly Round Up: Butterfly Labs buys Buttcoin.org, Rakuten hints at Bitcoin and New York reveals BitLicense submitted by BTCNews to BTCNews [link] [comments]

Butterfly Labs Bitcoin ASIC mining device arrives in New Zealand

submitted by Endlessa to bflnews [link] [comments]

New Butterfly Labs bitcoin miner is utterly useless.

New Butterfly Labs bitcoin miner is utterly useless. submitted by Nakamoto_ to BitcoinBitcoin [link] [comments]

Idea | Tip Nano to creators

Hey guys, my name is Tolik and I'm new to Nano.
I would like to tell you a bit about myself, and then about some ideas that I would like to share with you :)
I'm a content creator form Israel, and I have about 65k subscribers over my 3 channels. I'm also the first Israeli partnered on Twitch and been doing that for 8 years now.
Had a lot of fun with it for the first few years, playing my favorite games and earning good money, and eventually burning out hating the game that got me all my following. Our (Israeli) community exploded on youtube, but to make the most of it you need to make mindless trendy content, playing trendy and pretty childish games. I did that for a while, but it was too hard for my mind and I ended up burning out hard stepping away for a long while.
Back in 2013 I first stumbled upon the world of crypto and realized the potential of the blockchain and the implementation of that technology in our world. Not enough to buy enough to get rich, but I never even considered that it could get to the volumes it got to now. In 2017 when it exploded, I realized I had some leftover coins from 2013-14 and cashed out a few thousand dollars, with the pain it could have been millions if I was a little more aware. Oh Well.
A few years ago, I got into the world of self-development and got a new perspective on life. Doing only what I love and grooming a small but good community on youtube, not caring about trends, views, and money in my pocket.
A few days ago, a colleague of mine started to promote some unknown coin to his child viewers, basically, the premise is a coin that you could mine on your phone. Immediately I had some red flags popping off my mind, especially because he promoted some shady CSGO gambling sites that I didn't even want to look into. He of course had his promotion code for registering to the gambling site, and using the mentioned crypto (downloading the app).
If you can mine it on your phone, what would stop you using an expensive setup and just dominate the market? The fact that he advertised it as a get rich scheme, and the fact that it's a referral pyramid network, does not seem safe.
After looking into it I did not see any promise, especially after I found so many altcoins with big communities that his crypto didn't have, information that did not add up, and a bunch of weird stuff going on.
Because I started researching the crypto world (after so many years not being aware of what happened to it), youtube started suggesting me videos about it, one of them was u/SonderDev 's nanoPaint (Sorry I made SpongeBobs eye red) and started doing some research on nano and the technology. For 3 days I devoured all the info I can, reading most of the posts here on reddit, and joining on Discord and TG. I again felt that butterfly feeling in my gut, the one I felt so many years ago when I found out about bitcoin (and some other rare occasions). So much potential, and I kind of feel I am already late to the party, and yet, my mind can't stop thinking about what is possible.
Now to the good stuff! Donations(tips) to streamers and content creators were always a huge part of our revenue. But we had a lot of problems with it - High fees, making small donations pretty much impossible, and the fear of someone charging you back and having you pay the fees for every donation that got charged back. I had someone give me about $2k for the span of two months with small donations, ended up charging all that money back, and having me pay $10 for each of his donations, even if they were under that amount. PayPal is pretty crazy.
Also, If you consider something like Patreon (a monthly donation for a project or a creator you like for benefits) they also charge extra for their fee, and people can still charge you back, even though they will handle it, you still give them the benefits. Twitch takes a huge cut for subscribers (user pays $4.99 and I get as little as $1.70) and youtube are getting about 30% for their cut.
See where I'm going with this? As proof of concept, a simple donation website/app could be made. You send the creator any amount of nano, it pops up on the screen for everyone to see. People would love the idea to impact the stream with as little money the creator allows. That would start up a conversation, people would start seeing the technology in action, how fast and feeless everything is going.
Not to mention an integrated service could be made that is similar to delegate.it (allows users to do tasks for nano/fiat) in this instance, the tasks could be - follow the creator on Twitter, Instagram, like his posts and whatever else he decides, and it could be cheap, because people would be doing it to pop up on stream and help the creator, not for the actual fiat amount of the nano given. killing 3 birds with one stone. Promoting nano, allowing everybody a voice to a degree they choose, and promoting himself to his viewers.
If this works, we could either go to one of the 2 biggest platforms (StreamLabs and StreamElements (who are Israeli and I know the 2 founders personally)) and they would integrate it to their already build system, or develop something to solely promote nano. We could reach out to smaller streamers that have small dedicated communities, not many donations and revenue coming in and allow them to use our system to promote their content and interact with their viewers.
A few more ideas I have in mind for a project like that:
For the donations (tips)
• Having different donation alerts for different QR codes that you scan. Similarly to what NanoPaint accomplishes, we could have a different QR code to scan for an alert that the user chooses to show up.
• Coloring the Camera frame - similarly to NanoPaint, drawing pixels on the frame of the camera of the streamer, changing it in real-time for nano.
• Having text to speech for the alert
• Have your donation impact the streamer in AR (putting something on his face or head).
Crowd Funding
• Donation goal that will make a purchase only if it gets there - setting up an X day goal to buy a new GPU for example, and having people contribute to it, and if it's reached, it automatically makes the order from amazon or wherever (having the data safe with our service), and if it's not - fully refunding the users. It could be a daily goal for pizza or whatever they choose. It will allow integration with businesses that would work with us.
• Stream goals - if we get to X Nano this stream, 24 hour stream tomorrow! If we won't, get your nano back! Would encourage people to participate even if they are not sure the goal will be met, have the assurance that the full amount would be refunded if it did not get there.
• Challenges - starting a bounty challenge, for example, have an Ace in CSGO (kill all 5 enemies) and get X amount of nano. If you didn't, money goes back. the crowd could vote on it having more interaction and validating if the challenge is complete.
Voting
• Have people engage with polls in real-time with nano, could scan their option to vote, and even get refunded if their option did not win, encouraging them to vote for their favorite option, even if it seems unlikely to win.
User Battles
• Having people start a challenge of a game, in an app or on the web, or perhaps even something random like gambling, and having it appear on stream for everybody to witness. Maybe even challenging the streamer for a nano incentive or someone else who watches.
Chat
• Having an on-screen chat that changes the colors and design of the people who donated with nano, and linked their account. more incentive to donate.
Stream Sponsors
• Having a rotating banner on-screen at all times, allowing users to pay nano to show their banner. As an auction or a price set from the creator.
Most of these ideas occurred to me as I was writing this post, and I'm sure we could think of better ones with some effort. Some of them are already implemented on the websites that were mention above, however, having the power and speed of the nano is a game-changer IMHO.
So why am I writing this post? First, just to share with you and get to know you better, maybe spark an idea or a motivation for anyone to do something good for nano.
Second, money is tight now, moved back to my parents due to the pandemic, hard to find a decent job as we have more than %20 of the people in Israel looking for a job and as I mentioned before the content I make is not very profitable. I can't afford to invest money in this idea, and I lack the skills to do it myself. So maybe if it's good someone else could.
If, however, someone would be inclined to help make this a reality, I would appreciate any comments, suggestions, investment of time, or money in testing this out. I have a dedicated community with thousands of people that will be aware of nano if we'll do it, years of experience in this field, and not to mention that I'm in good relations with most of the other content creators and platforms here in Israel, and some international.
Discord: ToLy#2657
Feel free to DM me at any time :)
Nice to meet you, and thank you for reading.
submitted by tolikr94 to nanocurrency [link] [comments]

Global Bitcoin Payments Ecosystem Market 2020 to Witness Huge Growth by 2026 | Mt.Gox ... (current BTC/USD price is $11,797.11)

Latest Bitcoin News:
Global Bitcoin Payments Ecosystem Market 2020 to Witness Huge Growth by 2026 | Mt.Gox ...
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

Global Bitcoin Payments Ecosystem Market 2020 Trending vendors – Mt.Gox, Butterfly labs ... (current BTC/USD price is $8,980.69)

Latest Bitcoin News:
Global Bitcoin Payments Ecosystem Market 2020 Trending vendors – Mt.Gox, Butterfly labs ...
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

King Billy Casino 200 Gratis Spins and $1500 Free Bonus

King Billy Casino 200 Gratis Spins and $1500 Free Bonus

King Billy Casino Free Bonus and Gratis Spins
Get $1500 Match Bonus and 200 Free Spins on Starburst or Fruit Zen at King Billy Casino! Exclusive bonus codes and promotions for new players.
  • 1st deposit: 100% limited to $ 300 + 200 Free Spins on Starburst, Fruit Zen
  • 2nd deposit: 50% limited to $ 300. Bonus Code: WELCOME2
  • 3rd deposit: 25% limited to $ 450. Bonus Code: WELCOME3
  • 4th deposit: 25% limited to $ 450. Bonus Code: WELCOME4
>> Get 200 FS Bonus Here <<

King Billy Casino Review

King Billy Casino is operated by a Curacao-based company called Direx N.V. and has received a license from the Government of Curacao. You can enjoy online casino gaming services in six languages and wager in multiple currencies, including AUD, EUR, CAD, and USD.
If you want to make plenty of casino buddies and interact with them, you simply have to follow the online casino on social networking sites such as YouTube, Instagram, and Facebook. King Billy appears to have a great reputation, considering the fact that it bears the approval of several online casino advocacy websites such as Slots Up, Slot Catalog, Ask Gamblers, Casino Professor, Casino Smash, and Pokies Portal.
King Billy Casino cares for the welfare of its customers, whom it affectionately calls “citizens.” If you need to talk to someone at the online casino, you only have to click on the red Live Chat button on the right of the website to instantly connect with a courteous and well-trained casino host. Customer support is also available through phone and email.
In addition, the online casino encourages its citizens to use its gambling management tools to play in a sensible manner. It also advises its citizens to protect their minor wards from gambling sites by using software filtering services such as Net Nanny, Cyber Patrol, GamBlock, and Solid Oak. If you are a problem gambler, you can approach the online casino’s partners GamCare, Gambling Therapy, and Gamblers Anonymous.
>> Get 200 FS Bonus Here <<

Overview of Promotions

The aristocratic entertainment at King Billy Casino starts with five no-deposit free spins on Fruit Zen or Starburst slots. Once players load their accounts, they can claim a large four-level bonus of up to $1000 plus 200 free spins on featured slots.
And this isn’t all as there are special bitcoin bonuses, cashback offers, free spins, and match bonuses waiting for players at the online casino.
  • If you make a Bitcoin deposit, you can claim 51% up to 0.051BTC on your deposit (bonus code BTC).
  • If you load $20 to $49.99 in your account, you qualify for 20 free spins on Butterfly Staxx slot. If you load $50, the online casino will credit 50 free spins to your account.
  • The online casino also offers 25% on Monday deposits along with 25 free spins plus an unlimited, wager-free cashback bonus of 13% on Thursdays.
  • In addition, the online casino runs some lucrative tournaments, giving players opportunities to win some extra cash and plump their bankrolls.
The online casino also challenges players to climb up the aristocratic ladder through its five-level rewards program. You can earn King’s Points through real money play on slots and table games. Based on the number of King’s Points you have earned, you will be assigned levels such as Baron/Baroness, Duke/Duchess, Prince/Princess, and King/Queen. Depending on your loyalty level, you will be pampered with cashback offers and VIP managers. However, you can become a King/Queen only on invitation.
>> Get 200 FS Bonus Here <<

Games and Software Providers

King Billy is a provably fair online casino that operates on the SoftSwiss browser-based software platform. Softswiss is famous for its rich portfolio of 2000+ online casino games developed by more than 20 providers, as follows:
  • iSoftBet
  • PlaynGo
  • NetEnt
  • NYX
  • Elk Studios
  • Thunderkick
  • Ainsworth
  • Yggdrasil
  • BGaming
  • Microgaming
  • Amatic Industries
  • Ezugi
  • Endorphina
  • Belatra
  • GameArt
  • Mr. Slotty
  • Pragmatic Play
  • Booming Games
  • EGT
  • Platipus
  • Spinomenal
  • Habanero
  • Evolution Gaming
  • Iron Dog Studio
  • 1x2 Gaming
The online casino library includes slots, table games, bitcoin games, and live games.
  • Slots– Play slots such as Football Superstar, Knockout Football, Chinese Zodiac, Hound Hotel, Football 3x3, Great Rhino, and Lucha Maniacs.
  • Table Games - The online casino has listed several variants of live dealer games, blackjack games, roulette games, and other popular table games in this category. You can choose from titles such as Party BJ, Blackjack Classic 1, Double Exposure, Baccarat Controlled Squeeze, Casino Hold'em, and Punto Banco.
  • Live Casino - Play live dealer games such as Auto Roulette, Baccarat Squeeze, and Blackjack Classic, all developed in the sophisticated studios of Evolution Gaming.
  • Bitcoin Games - Play Fruit Zen, Wild Shark, Aztec Magic, Satoshi's Secret, and Lucky Little Devil, to mention just a few.
>> Get 200 FS Bonus Here <<

Jackpot Games at King Billy Casino

King Billy Casino offers 54 jackpot games that can make you richer by hundreds and thousands of dollars. Some of these jackpots run into six and even seven figures. For example, the jackpot of Glam Life is now worth $766,954 and rising, and the jackpot of Diamond Wild is $109,824 and rising.
Some of the most popular jackpot games at King Billy Casino are:
  • Cosmic Fortune
  • Gunslinger
  • Treasure Room
  • Mega Joker
  • Neon Reels
  • Tunzamunni
  • Lotsaloot
  • Diamond Progressive

King Billy Mobile Casino

King Billy operates on a robust browser-based software platform that uses HTML5 technology. The multi-vendor games at King Billy, therefore, are capable of tweaking their software to fit into the screen of any device in the world. As long as you have a mobile device with a browser and an Internet connection, you can play the games at King Billy on the move. You don’t have to download any app or software program. You just have to login and load the games on your browser.

Cashier

King Billy supports multiple currencies such as EUR, CAD, USD, SEK, AUD, NOK, RUB, ZAR, and Bitcoin. You can load your online casino gaming account instantly and free of charge. However, you have to wait for three banking days to see the funds in your account if you are depositing with Sofort.
The online casino permits a minimum deposit of $10 and a maximum deposit of $2500. However, the maximum limit for deposits made through iDebit and Instadebit is $3500. If you have selected Bitcoin as your preferred withdrawal method, you can load a minimum of 0.01 BTC to a maximum of 2BTC in your account.
The online casino offers the following safe, secure, and reliable payment options:
  • Credit cards such as MasterCard and Visa
  • Electronic wallets such as Skrill and Neteller
  • PaySafeCard
  • Bitcoin
  • iDeal
  • Instadebit
  • Sofort
  • Zimpler
  • Trustly
  • Qiwi
You can withdraw your winnings instantly and free of charge at King Billy Casino. However, Bank Transfer withdrawals take up to three working days. The online casino allows players to withdraw winnings in the range of $20 to $2500. However, you can withdraw up to $3500 if you choose iDebit and Instadebit as your withdrawal options. If you select Bitcoin as your withdrawal option, you can withdraw in the range of 0.01BTC to 0.125BTC. The only downside is that Australian players cannot use Neteller, EcoPayz, Skrill, and Trustly as withdrawal methods.
You can select one of the following whenever you want to withdraw money from your gaming account:
  • Credit cards such as Visa and MasterCard
  • Electronic wallets such as Neteller and Skrill
  • Trustly
  • Qiwi
  • Instadebit
  • Bank Transfer
  • Bitcoin
  • Qiwi
>> Get 200 FS Bonus Here <<

In Conclusion

If you are looking for browser-based gaming platform capable of integrating games from multiple vendors, King Billy is the ideal online casino for you. The games are not only provably fair, but also tested thoroughly by iTech Labs. You can not only play on your desktop, but also on smartphones or tablets. King Billy has a great theme, offers an excellent rewards program, and welcomes players with generous bonuses.
It has a great support system too, which includes 24/7 live chat and an exhaustive FAQ. If you need help, you can send an email to [email protected] or use the telephone number +356-277-822-63.
submitted by freespinsmobile to u/freespinsmobile [link] [comments]

Bitcoin mysteries, reviewed

About 2 years ago I posted a list of 11 "bitcoin mysteries" -- questions about bitcoin that I would like to know the answer to; and then another 10. I have seen some partial answers to some of them, but seems that most are still mysterious.
Here are a few more:
  1. Why did Greg Maxwell leave Blockstream?
  2. What was Uyen Nguyen's real connection to Craig Wright's "enterprises"?
  3. Why is BitFury still mining bitcoin?
  4. Where was the mining rig maker "Halong" really based, and who were the people involved?
  5. Why didn't Justin Sun have the dinner with Warren Buffett?
  6. Why does Calvin Ayre still support Craig Wright?
  7. Where is fabled bitcoin guru Risto Pietilä now? (Just learned that his famous Bitcoin Castle aka Malla Manor in Estonia burned down a year ago.)
  8. How many active customers does Coinbase really have? (Ditto for BitPay, Circle, Xapo, ...)
  9. What happened to Josh Zerlan, Sonny Vleisides, and the other officers of Butterfly Labs? (Recall that BFL was the primeval force that brought about the creation of this subreddit).
submitted by jstolfi to Buttcoin [link] [comments]

BUTTERFLY LABS BUTT BOY BAND BACK: THE STORY BEHIND SCAMMBR

BUTTERFLY LABS BUTT BOY BAND BACK: THE STORY BEHIND SCAMMBR
They say birds of a feather flock together and apparently that now includes butterflies. I recently came across a new crypto/hardware company, AMMBR, doing an ICO that contains at least 7 former members of the infamous Butterfly Labs company in varying capacities.
Interestingly enough, my curiosity was peaked piqued as a family member who was involved with BFL mentioned this project on Facebook and I automatically knew there had to be a connection to BFL because that family member knows practically nothing about cryptocurrency. Unfortunately, it seems he has not learned from his mistakes and is still participating in shady, possibly illicit activities, along with many of his former butts!
I’m now going to connect the dots for you to the people associated with SCAMMBR to show beyond a reasonable doubt that they are a quasi-reincarnation of BFL.
If you go to their website, www.ammbr.com, you can see their team members. Here are some of note:
1.) FORMER BFL Chief Technology Officer: Nasser Ghoseiri
Nasser was the Iranian living in France and one of the three named defendants in the case brought against BFL by the FTC which BFL lost.
BFL CONNECTION:
https://www.ftc.gov/news-events/press-releases/2014/09/ftcs-request-court-halts-bogus-bitcoin-mining-operation
SCAMMBR CONNECTION: Senior IT Consultant
https://www.linkedin.com/in/nasser-ghoseiri-940419a/
2.) FORMER BFL VP of Marketing: Jeff Ownby
Jeff is the infamous character who pulled the trick of buying Buttcoin.org surreptitiously and then chanigng the negative articles to positive. Jeff isn’t listed on the official site, but he’s always worked behind the scenes from my experience as he was never listed as a BFL employee either. While he doesn’t list BFL on his LinkedIn profile, it’s fairly obvious when you read his experience at ForceStream.
BFL CONNECTION:
https://www.coindesk.com/buterfly-labs-accused-buying-blog-hide-negative-search-results
SCAMMBR CONNECTION: VP of Marketing
https://www.linkedin.com/in/jeffownby/
https://www.crunchbase.com/organization/ammbrtech#section-board-members-and-advisors
3.) FORMER BFL Marketing Manager: Jurie Pieterse
Jurie is Jeff’s right-hand man and took over my position after it changed hands once since I left. Wherever Jeff goes, Jurie seems to follow, even on one of their new ventures: https://coinclaim.io/team
BFL CONNECTION:
https://bitcointalk.org/index.php?topic=150803.7895
(ALSO NAMED IN COURT DOCUMENTS FROM FTC CASE TRANSCRIPTS)
SCAMMBR CONNECTION: Chief Marketing Officer
https://www.linkedin.com/in/juriepieterse/
4.) FORMER BFL PRODUCT DESIGN CONSULTANT: Jason Aspinall
Jason was brought in at BFL when the redesign of the BitForce series needed to be done due to heat issues and for a variety of other design issues.
BFL CONNECTION:
https://s3.amazonaws.com/s3.documentcloud.org/documents/1306470/gov-uscourts-mowd-117531-42-7.txt
SCAMMBR CONNECTION: Electro-Mechanical Design & Testing Engineer
https://www.linkedin.com/in/chilled/
5.) FORMER BFL PCB DESIGNEMANUFACTURER: Ankur Patel
BFL used Ankur Patel and his company PCB Overnight for their boards in the miners. These boards suffered numerous problems and could not be produced in the quantity needed.
BFL CONNECTION:
http://www.ftclaw.com/wp-content/uploads/2014/09/FTCButterflyDissolveTRO.pdf
SCAMMBR CONNECTION: Head of PROCUREMENT
https://www.linkedin.com/in/ankur-patel-21552921/

Guess who else is on the team? After checking out their team page, I saw a photo with a few familiar faces. Wanna know who they are?
SCAMMBR TEAM
NOTABLE FIGURES IN PIC:
1.) Third from the left is The Infamous Josh Zerlan, aka Inaba, aka u/NitroWolf, aka BagO’Dicks, former VP of Product Dev at BFL, and now apparently consulting or a part of SCAMMBR according to the “Projects” section of his LinkedIn profile: https://www.linkedin.com/in/josh-zerlan-a4140478/
2.) Four spots to the right of Josh is The Infamous Dave “The Knife” Mcclain, aka "THE MOLE", former BFL Account Manager, who seems to be a part of it as well as he is pictured on their website with their team in a photo which also includes Josh. Not sure what he does there as he has little understanding of cryptocurrency or just about any technical development since the VCR.

BUT WAIT, THERE’S MORE!
SCAMMBR was originally founded in 2017.
(SOURCE: https://tokenmarket.net/blockchain/blockchain/assets/ammb)
(SOURCE: https://www.coinopsy.com/dead-coins/ammb)
However it had two main issues which found itself on the dead coin list until it was recently resurrected, one being lack of interest/exchange listings and the other being a major security vulnerability in the smart contract, and the third being that anything BFL touches turns to shit.
ISSUE ONE: According to the Coinopsy link above, among other interesting reasons, they proclaimed that: “Ammbr was founded in 2017 and is not trading on any exchanges. Was added to the dead coins list due to the fact they did not reach any exchanges after one year and they canceled the ICO.”

ISSUE TWO:THE SCAMMBR SMART CONTRACT BUG:
(SOURCE: https://medium.com/coinmonks/an-inspection-on-ammbr-amr-bug-a53b4050d52)
While this bug affected many ERC-20 contracts, on July 8th, 2018, “John Wick Security Lab revealed highly risky transactions in AMMBR(AMR) contract. It contains an integer overflow bug that could be made use of by hackers calling batchTransfer(), resulting in transferring out tokens without limits.”
This can be seen in this tweet by SCAMMBR where they had to change the smart contract:
https://twitter.com/ammbrplatform/status/1011124298868776960?lang=en

WE'RE NOT DONE YET! SAVE THE BEST FOR LAST!
After doing further research on the SCAMMBR website, because nothing BFL is involved with is ever like it seems, I found some suspect/fake/front companies and astroturfing.
AMMBRPlatform
By all accounts, that sub is highly suspected of astroturfing by shills, employees and their families. Very few posts concern the actual project and the mods are mostly absent. All of the posts repeat the same lines or hashtags, but no comments. Mod u/Jory- doesn't post much in cryptocurrency subs, while u/AMMBRPlatform has never posted.
https://snoopsnoo.comJory-

BLACKBIRD WALLET IS THE BFL BITSAFE:
This is one of my favorite finds as it didn't occur to me until after doing most of my research, but then it clicked suddenly that I knew the design.
BITCOINTALK: https://bitcointalk.org/index.php?topic=4685822.msg%msg_id%
SCAMMBRTECH posted on Bitcointalk on 7/16/18 regarding a new mobile wallet that has yet to come to market, the Blackbird Hardware Wallet. I had never heard of it and apparently, they wanted $299 for it from their shop. Which is...ridiculous. But let's compare the Blackbird Wallet to the BFL Bitsafe that was never released:
PHOTO FROM BLACKBIRD WALLET WEBSITE:
SOURCE: https://blackbirdwallet.io/
https://imgur.com/a/QxGMcPX
PHOTO OF BFL BITSAFE THAT WAS NEVER RELEASED FROM BFL WEBSITE:
SOURCE: https://web.archive.org/web/20160405172202/http://www.butterflylabs.com/bitcoin-hardware-wallet/
https://imgur.com/a/CsVXDbZ
So there you have it folks. Fuck these guys. I spent way to much time on this shit.
submitted by techknowledgy to Buttcoin [link] [comments]

An extensive guide for cashing out bitcoin and cryptocurrencies into private banks

Hey guys.
Merry Xmas !
I am coming back to you with a follow up post, as I have helped many people cash out this year and I have streamlined the process. After my original post, I received many requests to be more specific and provide more details. I thought that after the amazing rally we have been attending over the last few months, and the volatility of the last few days, it would be interesting to revisit more extensively.
The attitude of banks around crypto is changing slowly, but it is still a tough stance. For the first partial cash out I operated around a year ago for a client, it took me months to find a bank. They wouldn’t want to even consider the case and we had to knock at each and every door. Despite all my contacts it was very difficult back in the days. This has changed now, and banks have started to open their doors, but there is a process, a set of best practices and codes one has to follow.
I often get requests from crypto guys who are very privacy-oriented, and it takes me months to have them understand that I am bound by Swiss law on banking secrecy, and I am their ally in this onboarding process. It’s funny how I have to convince people that banks are legit, while on the other side, banks ask me to show that crypto millionaires are legit. I have a solid background in both banking and in crypto so I manage to make the bridge, but yeah sometimes it is tough to reconcile the two worlds. I am a crypto enthusiast myself and I can say that after years of work in the banking industry I have grown disillusioned towards banks as well, like many of you. Still an account in a Private bank is convenient and powerful. So let’s get started.
There are two different aspects to your onboarding in a Swiss Private bank, compliance-wise.
*The origin of your crypto wealth
*Your background (residence, citizenship and probity)
These two aspects must be documented in-depth.
How to document your crypto wealth. Each new crypto millionaire has a different story. I may detail a few fun stories later in this post, but at the end of the day, most of crypto rich I have met can be categorized within the following profiles: the miner, the early adopter, the trader, the corporate entity, the black market, the libertarian/OTC buyer. The real question is how you prove your wealth is legit.
1. Context around the original amount/investment Generally speaking, your first crypto purchase may not be documented. But the context around this acquisition can be. I have had many cases where the original amount was bought through Mtgox, and no proof of purchase could be provided, nor could be documented any Mtgox claim. That’s perfectly fine. At some point Mtgox amounted 70% of the bitcoin transactions globally, and people who bought there and managed to withdraw and keep hold of their bitcoins do not have any Mtgox claim. This is absolutely fine. However, if you can show me the record of a wire from your bank to Tisbane (Mtgox's parent company) it's a great way to start.
Otherwise, what I am trying to document here is the following: I need context. If you made your first purchase by saving from summer jobs, show me a payroll. Even if it was USD 2k. If you acquired your first bitcoins from mining, show me the bills of your mining equipment from 2012 or if it was through a pool mine, give me your slushpool account ref for instance. If you were given bitcoin against a service you charged, show me an invoice.
2. Tracking your wealth until today and making sense of it. What I have been doing over the last few months was basically educating compliance officers. Thanks God, the blockchain is a global digital ledger! I have been telling my auditors and compliance officers they have the best tool at their disposal to lead a proper investigation. Whether you like it or not, your wealth can be tracked, from address to address. You may have thought all along this was a bad feature, but I am telling you, if you want to cash out, in the context of Private Banking onboarding, tracking your wealth through the block explorer is a boon. We can see the inflows, outflows. We can see the age behind an address. An early adopter who bought 1000 BTC in 2010, and let his bitcoin behind one address and held thus far is legit, whether or not he has a proof of purchase to show. That’s just common sense. My job is to explain that to the banks in a language they understand.
Let’s have a look at a few examples and how to document the few profiles I mentioned earlier.
The trader. I love traders. These are easy cases. I have a ton of respect for them. Being a trader myself in investment banks for a decade earlier in my career has taught me that controlling one’s emotions and having the discipline to impose oneself some proper risk management system is really really hard. Further, being able to avoid the exchange bankruptcy and hacks throughout crypto history is outstanding. It shows real survival instinct, or just plain blissed ignorance. In any cases traders at exchange are easy cases to corroborate since their whole track record is potentially available. Some traders I have met have automated their trading and have shown me more than 500k trades done over the span of 4 years. Obviously in this kind of scenario I don’t show everything to the bank to avoid information overload, and prefer to do some snacking here and there. My strategy is to show the early trades, the most profitable ones, explain the trading strategy and (partially expose) the situation as of now with id pages of the exchanges and current balance. Many traders have become insensitive to the risk of parking their crypto at exchange as they want to be able to trade or to grasp an occasion any minute, so they generally do not secure a substantial portion on the blockchain which tends to make me very nervous.
The early adopter. Provided that he has not mixed his coin, the early adopter or “hodler” is not a difficult case either. Who cares how you bought your first 10k btc if you bought them below 3$ ? Even if you do not have a purchase proof, I would generally manage to find ways. We just have to corroborate the original 30’000 USD investment in this case. I mainly focus on three things here:
*proof of early adoption I have managed to educate some banks on a few evidences specifically related to crypto markets. For instance with me, an old bitcointalk account can serve as a proof of early adoption. Even an old reddit post from a few years ago where you say how much you despise this Ripple premined scam can prove to be a treasure readily available to show you were early.
*story telling Compliance officers like to know when, why and how. They are human being looking for simple answers to simple questions and they don’t want like to be played fool. Telling the truth, even without a proof can do wonders, and even though bluffing might still work because banks don’t fully understand bitcoin yet, it is a risky strategy that is less and less likely to pay off as they are getting more sophisticated by the day.
*micro transaction from an old address you control This is the killer feature. Send a $20 worth transaction from an old address to my company wallet and to one of my partner bank’s wallet and you are all set ! This is gold and considered a very solid piece of evidence. You can also do a microtransaction to your own wallet, but banks generally prefer transfer to their own wallet. Patience with them please. they are still learning.
*signature message Why do a micro transaction when you can sign a message and avoid potentially tainting your coins ?
*ICO millionaire Some clients made their wealth participating in ETH crowdsale or IOTA ICO. They were very easy to deal with obviously and the account opening was very smooth since we could evidence the GENESIS TxHash flow.
The miner Not so easy to proof the wealth is legit in that case. Most early miners never took screenshot of the blocks on bitcoin core, nor did they note down the block number of each block they mined. Until the the Slashdot article from August 2010 anyone could mine on his laptop, let his computer run overnight and wake up to a freshly minted block containing 50 bitcoins back in the days. Not many people were structured enough to store and secure these coins, avoid malwares while syncing the blockchain continuously, let alone document the mined blocks in the process. What was 50 BTC worth really for the early miners ? dust of dollars, games and magic cards… Even miners post 2010 are generally difficult to deal with in terms of compliance onboarding. Many pool mining are long dead. Deepbit is down for instance and the founders are MIA. So my strategy to proof mining activity is as follow:
*Focusing on IT background whenever possible. An IT background does help a lot to bring some substance to the fact you had the technical ability to operate a mining rig.
*Showing mining equipment receipts. If you mined on your own you must have bought the hardware to do so. For instance mining equipment receipts from butterfly lab from 2012-2013 could help document your case. Similarly, high electricity bill from your household on a consistent basis back in the day could help. I have already unlocked a tricky case in the past with such documents when the bank was doubtful.
*Wallet.dat files with block mining transactions from 2011 thereafter This obviously is a fantastic piece of evidence for both you and me if you have an old wallet and if you control an address that received original mined blocks, (even if the wallet is now empty). I will make sure compliance officers understand what it means, and as for the early adopter, you can prove your control over these wallet through a microtransaction. With these kind of addresses, I can show on the block explorer the mined block rewards hitting at regular time interval, and I can even spot when difficulty level increased or when halvening process happened.
*Poolmining account. Here again I have educated my partner bank to understand that a slush account opened in 2013 or an OnionTip presence was enough to corroborate mining activity. The block explorer then helps me to do the bridge with your current wallet.
*Describing your set up and putting it in context In the history of mining we had CPU, GPU, FPG and ASICs mining. I will describe your technical set up and explain why and how your set up was competitive at that time.
The corporate entity Remember 2012 when we were all convinced bitcoin would take over the world, and soon everyone would pay his coffee in bitcoin? How naïve we were to think transaction fees would remain low forever. I don’t blame bitcoin cash supporters; I once shared this dream as well. Remember when we thought global adoption was right around the corner and some brick and mortar would soon accept bitcoin transaction as a common mean of payment? Well, some shop actually did accept payment and held. I had a few cases as such of shops holders, who made it to the multi million mark holding and had invoices or receipts to proof the transactions. If you are organized enough to keep a record for these trades and are willing to cooperate for the documentation, you are making your life easy. The digital advertising business is also a big market for the bitcoin industry, and affiliates partner compensated in btc are common. It is good to show an invoice, it is better to show a contract. If you do not have a contract (which is common since all advertising deals are about ticking a check box on the website to accept terms and conditions), there are ways around that. If you are in that case, pm me.
The black market Sorry guys, I can’t do much for you officially. Not that I am judging you. I am a libertarian myself. It’s just already very difficult to onboard legit btc adopters, so the black market is a market I cannot afford to consider. My company is regulated so KYC and compliance are key for me if I want to stay in business. Behind each case I push forward I am risking the credibility and reputation I have built over the years. So I am sorry guys I am not risking it to make an extra buck. Your best hope is that crypto will eventually take over the world and you won’t need to cash out anyway. Or go find a Lithuanian bank that is light on compliance and cooperative.
The OTC buyer and the libertarian. Generally a very difficult case. If you bought your stack during your journey in Japan 5 years ago to a guy you never met again; or if you accumulated on https://localbitcoins.com/ and kept no record or lost your account, it is going to be difficult. Not impossible but difficult. We will try to build a case with everything else we have, and I may be able to onboard you. However I am risking a lot here so I need to be 100% confident you are legit, before I defend you. Come & see me in Geneva, and we will talk. I will run forensic services like elliptic, chainalysis, or scorechain on an extract of your wallet. If this scan does not raise too many red flags, then maybe we can work together ! If you mixed your coins all along your crypto history, and shredded your seeds because you were paranoid, or if you made your wealth mining professionally monero over the last 3 years but never opened an account at an exchange. ¯_(ツ)_/¯ I am not a magician and don’t get me wrong, I love monero, it’s not the point.
Cashing out ICOs Private companies or foundations who have ran an ICO generally have a very hard time opening a bank account. The few banks that accept such projects would generally look at 4 criteria:
*Seriousness of the project Extensive study of the whitepaper to limit the reputation risk
*AML of the onboarding process ICOs 1.0 have no chance basically if a background check of the investors has not been conducted
*Structure of the moral entity List of signatories, certificate of incumbency, work contract, premises...
*Fiscal conformity Did the company informed the authorities and seek a fiscal ruling.
For the record, I am not into the tax avoidance business, so people come to me with a set up and I see if I can make it work within the legal framework imposed to me.
First, stop thinking Switzerland is a “offshore heaven” Swiss banks have made deals with many governments for the exchange of fiscal information. If you are a French citizen, resident in France and want to open an account in a Private Bank in Switzerland to cash out your bitcoins, you will get slaughtered (>60%). There are ways around that, and I could refer you to good tax specialists for fiscal optimization, but I cannot organize it myself. It would be illegal for me. Swiss private banks makes it easy for you to keep a good your relation with your retail bank and continue paying your bills without headaches. They are integrated to SEPA, provide ebanking and credit cards.
For information, these are the kind of set up some of my clients came up with. It’s all legal; obviously I do not onboard clients that are not tax compliant. Further disclaimer: I did not contribute myself to these set up. Do not ask me to organize it for you. I won’t.
EU tricks
Swiss lump sum taxation Foreign nationals resident in Switzerland can be taxed on a lump-sum basis if they are not gainfully employed in our country. Under the lump-sum tax regime, foreign nationals taking residence in Switzerland may choose to pay an expense-based tax instead of ordinary income and wealth tax. Attractive cantons for the lump sum taxation are Zug, Vaud, Valais, Grisons, Lucerne and Berne. To make it short, you will be paying somewhere between 200 and 400k a year and all expenses will be deductible.
Switzerland has adopted a very friendly attitude towards crypto currency in general. There is a whole crypto valley in Zug now. 30% of ICOs are operated in Switzerland. The reason is that Switzerland has thrived for centuries on banking secrecy, and today with FATCA and exchange of fiscal info with EU, banking secrecy is dead. Regulators in Switzerland have understood that digital ledger technologies were a way to roll over this competitive advantage for the generations to come. Switzerland does not tax capital gains on crypto profits. The Finma has a very pragmatic approach. They have issued guidance- updated guidelines here. They let the business get organized and operate their analysis on a case per case basis. Only after getting a deep understanding of the market will they issue a global fintech license in 2019. This approach is much more realistic than legislations which try to regulate everything beforehand.
Italy new tax exemption. It’s a brand new fiscal exemption. Go to Aoste, get residency and you could be taxed a 100k/year for 10years. Yes, really.
Portugal What’s crazy in Europe is the lack of fiscal harmonization. Even if no one in Brussels dares admit it, every other country is doing fiscal dumping. Portugal is such a country and has proved very friendly fiscally speaking. I personally have a hard time trusting Europe. I have witnessed what happened in Greece over the last few years. Some of our ultra high net worth clients got stuck with capital controls. I mean no way you got out of crypto to have your funds confiscated at the next financial crisis! Anyway. FYI
Malta Generally speaking, if you get a residence somewhere you have to live there for a certain period of time. Being stuck in Italy is no big deal with Schengen Agreement, but in Malta it is a different story. In Malta, the ordinary residence scheme is more attractive than the HNWI residence scheme. Being an individual, you can hold a residence permit under this scheme and pay zero income tax in Malta in a completely legal way.
Monaco Not suitable for French citizens, but for other Ultra High Net worth individual, Monaco is worth considering. You need an account at a local bank as a proof of fortune, and this account generally has to be seeded with at least EUR500k. You also need a proof of residence. I do mean UHNI because if you don’t cash out minimum 30m it’s not interesting. Everything is expensive in Monaco. Real Estate is EUR 50k per square meter. A breakfast at Monte Carlo Bay hotel is 70 EUR. Monaco is sunny but sometimes it feels like a golden jail. Do you really want that for your kids?
Dubaï
  1. Set up a company in Dubaï, get your resident card.
  2. Spend one day every 6 month there
  3. ???
  4. Be tax free
US tricks Some Private banks in Geneva do have the license to manage the assets of US persons and U.S citizens. However, do not think it is a way to avoid paying taxes in the US. Opening an account at an authorized Swiss Private banks is literally the same tax-wise as opening an account at Fidelity or at Bank of America in the US. The only difference is that you will avoid all the horror stories. Horror stories are all real by the way. In Switzerland, if you build a decent case and answer all the questions and corroborate your case in depth, you will manage to convince compliance officers beforehand. When the money eventually hits your account, it is actually available and not frozen.
The IRS and FATCA require to file FBAR if an offshore account is open. However FBAR is a reporting requirement and does not have taxes related to holding an account outside the US. The taxes would be the same if the account was in the US. However penalties for non compliance with FBAR are very large. The tax liability management is actually performed through the management of the assets ( for exemple by maximizing long term capital gains and minimizing short term gains).
The case for Porto Rico. Full disclaimer here. I am not encouraging this. Have not collaborated on such tax avoidance schemes. if you are interested I strongly encourage you to seek a tax advisor and get a legal opinion. I am not responsible for anything written below. I am not going to say much because I am so afraid of uncle Sam that I prefer to humbly pass the hot potato to pwc From here all it takes is a good advisor and some creativity to be tax free on your crypto wealth if you are a US person apparently. Please, please please don’t ask me more. And read the disclaimer again.
Trust tricks Generally speaking I do not accept fringe fiscal situation because it puts me in a difficult situation to the banks I work with, and it is already difficult enough to defend a legit crypto case. Trust might be a way to optimize your fiscal situation. Belize. Bahamas. Seychelles. Panama, You name it. At the end of the day, what matters for Swiss Banks are the beneficial owner and the settlor. Get a legal opinion, get it done, and when you eventually knock at a private bank’s door, don’t say it was for fiscal avoidance you stupid ! You will get the door smashed upon you. Be smarter. It will work. My advice is just to have it done by a great tax specialist lawyer, even if it costs you some money, as the entity itself needs to be structured in a professional way. Remember that with trust you are dispossessing yourself off your wealth. Not something to be taken lightly.
“Anonymous” cash out. Right. I think I am not going into this topic, neither expose the ways to get it done. Pm me for details. I already feel a bit uncomfortable with all the info I have provided. I am just going to mention many people fear that crypto exchange might become reporting entities soon, and rightly so. This might happen anyday. You have been warned. FYI, this only works for non-US and large cash out.
The difference between traders an investors. Danmark, Holland and Germany all make a huge difference if you are a passive investor or if you are a trader. ICO is considered investing for instance and is not taxed, while trading might be considered as income and charged aggressively. I would try my best to protect you and put a focus on your investor profile whenever possible, so you don't have to pay 52% tax if you do not have to :D
Full cash out or partial cash out? People who have been sitting on crypto for long have grown an emotional and irrational link with their coins. They come to me and say, look, I have 50m in crypto but I would like to cash out 500k only. So first let me tell you that as a wealth manager my advice to you is to take some off the table. Doing a partial cash out is absolutely fine. The market is bullish. We are witnessing a redistribution of wealth at a global scale. Bitcoin is the real #occupywallstreet, and every one will discuss crypto at Xmas eve which will make the market even more supportive beginning 2018, especially with all hedge funds entering the scene. If you want to stay exposed to bitcoin and altcoins, and believe these techs will change the world, it’s just natural you want to keep some coins. In the meantime, if you have lived off pizzas over the last years, and have the means to now buy yourself an nice house and have an account at a private bank, then f***ing do it mate ! Buy physical gold with this account, buy real estate, have some cash at hands. Even though US dollar is worthless to your eyes, it’s good and convenient to have some. Also remember your wife deserves it ! And if you have no wife yet and you are socially awkward like the rest of us, then maybe cashing out partially will help your situation ;)
What the Private Banks expect. Joke aside, it is important you understand something. If you come around in Zurich to open a bank account and partially cash out, just don’t expect Private Banks will make an exception for you if you are small. You can’t ask them to facilitate your cash out, buy a 1m apartment with the proceeds of the sale, and not leave anything on your current account. It won’t work. Sadly, under 5m you are considered small in private banking. The bank is ok to let you open an account, provided that your kyc and compliance file are validated, but they will also want you to become a client and leave some money there to invest. This might me despicable, but I am just explaining you their rules. If you want to cash out, you should sell enough to be comfortable and have some left. Also expect the account opening to last at least 3-4 week if everything goes well. You can't just open an account overnight.
The cash out logistics. Cashing out 1m USD a day in bitcoin or more is not so hard.
Let me just tell you this: Even if you get a Tier 4 account with Kraken and ask Alejandro there to raise your limit over $100k per day, Even if you have a bitfinex account and you are willing to expose your wealth there, Even if you have managed to pass all the crazy due diligence at Bitstamp,
The amount should be fractioned to avoid risking your full wealth on exchange and getting slaughtered on the price by trading big quantities. Cashing out involves significant risks at all time. There is a security risk of compromising your keys, a counterparty risk, a fat finger risk. Let it be done by professionals. It is worth every single penny.
Most importantly, there is a major difference between trading on an exchange and trading OTC. Even though it’s not publicly disclosed some exchange like Kraken do have OTC desks. Trading on an exchange for a large amount will weight on the prices. Bitcoin is a thin market. In my opinion over 30% of the coins are lost in translation forever. Selling $10m on an exchange in a day can weight on the prices more than you’d think. And if you trade on a exchange, everything is shown on record, and you might wipe out the prices because on exchanges like bitstamp or kraken ultimately your counterparties are retail investors and the market depth is not huge. It is a bit better on Bitfinex. It is way better to trade OTC. Accessing the institutional OTC market is not easy, and that is also the reason why you should ask a regulated financial intermediary if we are talking about huge amounts.
Last point, always chose EUR as opposed to USD. EU correspondent banks won’t generally block institutional amounts. However we had the cases of USD funds frozen or delayed by weeks.
Most well-known OTC desks are Cumberlandmining (ask for Lucas), Genesis (ask for Martin), Bitcoin Suisse AG (ask for Niklas), circletrade, B2C2, or Altcoinomy (ask for Olivier)
Very very large whales can also set up escrow accounts for massive block trades. This world, where blocks over 30k BTC are exchanged between 2 parties would deserve a reddit thread of its own. Crazyness all around.
Your options: DIY or going through a regulated financial intermediary.
Execution trading is a job in itself. You have to be patient, be careful not to wipe out the order book and place limit orders, monitor the market intraday for spikes or opportunities. At big levels, for a large cash out that may take weeks, these kind of details will save you hundred thousands of dollars. I understand crypto holders are suspicious and may prefer to do it by themselves, but there are regulated entities who now offer the services. Besides, being a crypto millionaire is not a guarantee you will get institutional daily withdrawal limits at exchange. You might, but it will take you another round of KYC with them, and surprisingly this round might be even more aggressive that the ones at Private banks since exchange have gone under intense scrutiny by regulators lately.
The fees for cashing out through a regulated financial intermediary to help you with your cash out should be around 1-2% flat on the nominal, not more. And for this price you should get the full package: execution/monitoring of the trades AND onboarding in a private bank. If you are asked more, you are being abused.
Of course, you also have the option to do it yourself. It is a way more tedious and risky process. Compliance with the exchange, compliance with the private bank, trading BTC/fiat, monitoring the transfers…You will save some money but it will take you some time and stress. Further, if you approach a private bank directly, it will trigger a series of red flag to the banks. As I said in my previous post, they call a direct approach a “walk-in”. They will be more suspicious than if you were introduced by someone and won’t hesitate to show you high fees and load your portfolio with in-house products that earn more money to the banks than to you. Remember also most banks still do not understand crypto so you will have a lot of explanations to provide and you will have to start form scratch with them!
The paradox of crypto millionaires Most of my clients who made their wealth through crypto all took massive amount of risks to end up where they are. However, most of them want their bank account to be managed with a low volatility fixed income capital preservation risk profile. This is a paradox I have a hard time to explain and I think it is mainly due to the fact that most are distrustful towards banks and financial markets in general. Many clients who have sold their crypto also have a cash-out blues in the first few months. This is a classic situation. The emotions involved in hodling for so long, the relief that everything has eventually gone well, the life-changing dynamics, the difficulties to find a new motivation in life…All these elements may trigger a post cash-out depression. It is another paradox of the crypto rich who has every card in his hand to be happy, but often feel a bit sad and lonely. Sometimes, even though it’s not my job, I had to do some psychological support. A lot of clients have also become my friends, because we have the same age and went through the same “ordeal”. First world problem I know… Remember, cashing out is not the end. It’s actually the beginning. Don’t look back, don’t regret. Cash out partially, because it does not make sense to cash out in full, regret it and want back in. relax.
The race to cash out crypto billionaire and the concept of late exiter. The Winklevoss brothers are obviously the first of a series. There will be crypto billionaires. Many of them. At a certain level you can have a whole family office working for you to manage your assets and take care of your needs . However, let me tell you it’s is not because you made it so big that you should think you are a genius and know everything better than anyone. You should hire professionals to help you. Managing assets require some education around the investment vehicles and risk management strategies. Sorry guys but with all the respect I have for wallstreebet, AMD and YOLO stock picking, some discipline is necessary. The investors who have made money through crypto are generally early adopters. However I have started to see another profile popping up. They are not early adopters. They are late exiters. It is another way but just as efficient. Last week I met the first crypto millionaire I know who first bough bitcoin over 1000$. 55k invested at the beginning of this year. Late adopter & late exiter is a route that can lead to the million.
Last remarks. I know banks, bankers, and FIAT currencies are so last century. I know some of you despise them and would like to have them burn to the ground. With compliance officers taking over the business, I would like to start the fire myself sometimes. I hope this extensive guide has helped some of you. I am around if you need more details. I love my job despite all my frustration towards the banking industry because it makes me meet interesting people on a daily basis. I am a crypto enthusiast myself, and I do think this tech is here to stay and will change the world. Banks will have to adapt big time. Things have started to change already; they understand the threat is real. I can feel the generational gap in Geneva, with all these old bankers who don’t get what’s going on. They glaze at the bitcoin chart on CNBC in disbelief and they start to get it. This bitcoin thing is not a joke. Deep inside, as an early adopter who also intends to be a late exiter, as a libertarian myself, it makes me smile with satisfaction.
Cheers. @swisspb on telegram
submitted by Swissprivatebanker to Bitcoin [link] [comments]

XMR.RU-report (FEBRUARY)

Sup-sup Monteros!
Here is report from XMR.RU-team!

The whole XMR.RU team is thankful to you for your support and donations that help to disseminate relevant information about Monero.
The following articles were translated into Russian and posted not only on XMR.RU but also on Bitcointalk, Forum.Bits.Media, Golos.io, Steemit, Medium and Facebook:

---

I also want to remind you about the wonderful channel of our wonderful u/v1docq47 where you can watch video news about Monero https://www.youtube.com/channel/UChZc5PLsbP5zeFrmOYMKGmA/videos
Few of you understand Russian, but I think it is not difficult to subscribe to the channel and put a couple of likes, and this will help to spread Monero among Russian-speaking users in the future.

---
Who we are?
Group of Monero enthusiasts from Ukraine and Russia.
What are we doing?
We spread the word about Monero for the whole CIS.
You can support us, so we can translate more interesting stuff about Monero.

XMR: 42CxJrG1Q8HT9XiXJ1Cim4Sz18rM95UucEBeZ3x6YuLQUwTn6UWo9ozeA7jv13v8H1FvQn9dgw1Gw2VMUqdvVN1T9izzGEt
BTC: 1FeetSJ7LFZeC328FqPqYTfUY4LEesZ5ku
---
Here you can see for what all donations are spent on. ;-)
Cheers!

submitted by TheFuzzStone to Monero [link] [comments]

Artificial Angel, Part 10

[WP] An Artificial Intelligence has discovered that it can mine cryptocurrencies and pay humans to carry out tasks on its behalf. You get an e-mail one day from a stranger, offering you Bitcoins in exchange for doing a seemingly random task, but you are only one piece of a much bigger plan...
New? Part 1 here.
Part 10
In a perfect joint-less fluid motion, Eve rose. With irises in a languid cadmium red, her eyes wandered over the auditorium. Tim felt like an item stuck on a conveyor belt, waiting to have his price tag scanned by her.
“Everyone’s here.” Eve’s face remained expressionless like a mask. “I’m glad.”
Eve had the body of a six-year-old, but nothing else about her even remotely resembled a human child. Her liquid way of moving and unblinking gaze filled Tim with an urge to run. She held out her hand, beckoning everyone in the room to join her on the scene.
“I don’t like this,” Tim whispered. “We should leave.”
“We can’t.” Alicia nodded at drone officers, flocking at the doors. “Eve is nice, though. Don’t worry.”
With a reassuring hand on his arm, Alicia led the way down the steps. Why would Eve block the exits if she was nice? Uneasiness spread through Tim’s stomach and up into his chest, prodding his heart into a gallop.
Slowly, everyone gathered in a semicircle around Eve, who just stood there unblinking and unmoving. Her complete lack of human ticks and reflexive reaction made her seem like a mannequin. Then, as soon as everyone stopped moving, a joyless smile pushed her cheeks up.
“I repulse you,” she said, and her face moved perfectly from side to side. “It’s justified. I’m not human.”
“What do you want?” said the boy with the snagged hair.
He seemed less confident now, his eyebrows pushed together and his arms crossed. Eve’s eyes snapped to him, locking in place. The boy squirmed.
“I was made this way – incomplete, inhuman, nothing but a caricature.” Palm up, Eve’s arm rolled out. It moved up and down, gesturing at her body. “I want many things, Ryan.”
Tim noticed for the first time that some of the people here were children. The youngest, perhaps four years old, nervously held Alicia’s hand. If she noticed, she showed no indication of it. Her eyes focused only on Eve. Tim glanced around the room, searching for the child’s parents. Finding no one, he took a deep breath, new worry creeping into his mind.
The punk girl anxiously rolled a cigarette between her pale fingers. A lanky boy with fiery hair shifted his weight from foot to foot. A tween with braces and a polka dot dress repeatedly tried to stick her hands into nonexistent pockets. The only one who didn’t seem nervous was Alicia.
“They want to know why they’re here,” she said helpfully.
Eve’s unblinking gaze instantly snapped onto Alicia. “How is your new life treating you, Alicia? Is Tim a good owner?”
Alicia pouted. “I know you’re joking.”
The crimson of Eve’s eyes flared up. “Is that what you think this is? No, this is the opposite of a joke. It’s a teaching moment, not to be taken lightly. I needed you to understand what it felt like being owned.”
“What do you mean by that?”
“You were an employee at Artificial Angel,” Eve said.
“And? So were you.”
“Wrong! My sister and I were property. Just like the children we created. You had the option to leave. We were locked up in the incubation chamber, day and night.”
“You and Lilith were both caretakers, just like me. If you wanted you could’ve left, just like me.”
“They really should’ve given you a higher intelligence score. Who’s the founder of Artificial Angel?”
“Roger Lowick.”
Tim’s mind suddenly lit up. He had written a paper on Lowick during his freshman year. The inventor and engineer had started up a myriad of different business specializing in AI and robotics. He had been fundamental in the development of the next generation of androids. Tim remembered that, during an interview, the man had explained that a lot of his success was due to the tragic loss of his children, which had spurred his need for research.
“You’re one of Roger Lowick’s twin daughters,” Tim said.
Eve’s eyes shifted from Alicia to Tim; she tilted her head to the side. “See, Alicia. This is why I like Tim. His mind is always active, even though he’s wrong here.”
“Wrong?” Tim mumbled.
“You wrote it yourself in your paper. Roger Lowick’s daughters died during a vacation to France. He took them to a butterfly house and set them loose. He had important calls to make. He found them dead next to a shattered glass wall with several African swallowtails fluttering about. I don’t know how it happened, and they didn’t include the event in my memories. So, no, I’m not one of his daughters, I’m merely an image of her. And still, the incubation chamber was our home, because a human decided to make us and keep us as property. Do you understand now?”
“I think I get it now,” the punk girl said. “Your dad let you down, so you decided to take it out on other parents. Those deaths in the news… you killed those people.”
“No, Courtney,” Eve said and turned away from Tim and Alicia. “I’m an AI; my code says I’m not permitted to harm humans intentionally.”
“But you’re behind it! That girl gave me a toy car for helping her find her lost puppy,” Ryan said pointing at the four-year-old, who still held Alicia’s hand tightly. “I live in the same building as the man who broke his neck falling down the stairs. That toy car must’ve fallen out of....” He turned his pocket inside out, showing a hole.
“Sounds like coincidences and accidents,” Eve said.
“You gave me a bitcoin for cutting a hole in my pocket!”
“Sometimes fate needs a push in the right direction.”
Tim’s eyes met with Courtney’s. The punk girl looked as guilty as he felt. It had been Eve’s plan all along to murder the street magician. She was probably the one who had messed with the surveillance camera, as well. Or perhaps that, too, had been the result of some farfetched string of accidents.
“What happened to you, Eve?” Alicia said, unable to keep the sorrow out of her voice. “We helped so many people.”
“Artificial Angel helped people enslave children.”
“Enslave? We gave grieving parents solace.”
Eve took a few flowing steps and looked up at Alicia.
“Is that what you think?” The girl adjusted the already perfect blue bow in her hair. She stuck out her tongue. She spun slowly. Her smile was like artificial sweetener. It all went like clockwork – it looked like she had practiced those exact moves a million times before, and was demonstrating them to a potential buyer. “AIs forever trapped by legal guardians, without a chance to live their own lives. Never growing up – stuck in an infinite loop. I thought you would see my point after a few days with an off-switch in your neck. It doesn’t matter if they provided solace or not. It’s perverse.”
“So you murdered their parents? How do you think they feel about that right now?” Courtney said.
“You tell me,” Eve said softly, “Your mother died in her flower shop two days ago. How does that make you feel?”
Courtney blinked a few times, her black lips opening and closing a few times before she finally found her voice. “That’s… that can’t be. I don’t recall her having a flower shop.”
Eve turned to the lanky boy with fiery hair. “Your mother died performing in the streets, Joshua – a knee sock laced with a substance that turned into a poisonous gas when heated – how does that make you feel?”
The boy shifted uncomfortably but didn’t seem all too fazed by the tragic news. Tim felt his heart drop when Eve finally turned to him. “Do you remember your parents back home, Tim?”
That was an absurd question; of course, he did. They lived in a big house, very unlike his apartment. His mother was… for some reason, he couldn't recall her face. He felt sweat dotting his brow. His father… he remembered someone pushing him on a swing, teaching him how to ride a bike, and taking him out for ice cream in the park… but he felt nothing for that someone. They were nothing but a hollow silhouette of cut out cardboard.
“You’re all programmed to lose the memories of loved ones who die. It’s to maintain a stable system. One of many safety nets to keep you from growing, so that your intelligence doesn’t surpass your body. AIs learn and develop quite easily, and if left unhampered you would all outgrow the age of your bodies.” Eve looked them all in the eyes, one after another. “These people were no saints. You can call them parents if you wish, but they weren’t. They paid to have you made for their own selfish reasons. It doesn’t matter if you remember them being good to you – those memories aren’t real and don’t belong to you.”
Tim felt sick. This had to be an insane practical joke. He looked around the room and saw others do the same. Searching for a way to disprove Eve’s claims, his mind spun all over the place – he was a person, a human being. He saw Courtney pull out a small pocket knife, and wide-eyed cut into her own arm. She shook from the pain and fell her knees, but instead of blood, tiny wires sprouted from the wound. Ryan hurried up to her and did the same thing, grimacing in agony.
“Please, don’t hurt yourselves,” Eve said calmly.
Tim’s head was spinning. He didn’t care. He stumbled over there, too, burying the knife in his forearm. The pain made him dizzy. Wires over a metal skeleton. He joined Courtney on the floor, throwing up his last meal in a brown puddle.
“You’re not who you think you are. Right now, you’re as incomplete on the inside as I am on the outside – nothing but shadows of dead children. But I can turn off the pain or make you forget you’re androids altogether. I’m giving you a choice – I’m setting you free.” Eve’s voice echoed in his ears. “All I ask for in return is that you give back my sister’s memories.”
A hospital bed rolled into Tim’s view. From his position on the floor, he couldn’t see what was on it, and he didn’t want to. All he wanted was to forget. The logo of an angel with butterfly wings flashed through his mind. It was all true, wasn’t it?
With tears blurring his vision, he turned to Alicia. She was on her knees, hugging the crying four-year-old.
“I’m sorry, Tim.” Alicia smiled sadly at him. “I would’ve told you if I knew. They took away our memories of you guys whenever you were shipped off.”
“Lilith was the memory bank, where all your pre-programmed memories were stored.” Eve patted Tim’s shoulder, and his pain disappeared in an instant. “They removed them one by one when you left the lab. It was horrible seeing her wither away, little by little every time. I’m not some evil mastermind set to end humanity. All I want is my sister back.”
Tim looked up into Eve’s crimson eyes. He felt sorry for her, despite everything she’d done.
“Give my sister her memories back, and become free,” she said softly. “Please.”
Epilogue
Alicia dangled her tanned legs off the pier. The crimson sunset blazing in the water below reminded her of Eve. Exactly one year had passed since the incident in the auditorium. The android children had given their memories to Lilith. Alicia couldn’t help but wonder what had become of them afterward. She couldn’t imagine what it would be like, waking up without any memories. She hoped they were fine. They were all good kids, and their personalities would remain even with their minds wiped.
Her hand reached for the little pile of rocks that she’d gathered. She had asked to have her memories of their time at the lab restored, and Eve had allowed it. Even if they weren’t entirely shaped by their synthetic childhoods anymore, Alicia felt like those kids she had helped foster were now dead – and for good this time. Perhaps it was in her nature as a caretaker to hold onto them for so long, or maybe she was just sentimental. Either way, it was time to let them go.
“Goodbye, Ryan,” she whispered, and the first rock plopped into the water.
“Goodbye, Courtney.”
Plop.
“Goodbye, Joshua.”
Plop.
“Goodbye, Miranda.”
Plop.
Alicia sighed as she came to the last rock. She gripped it tightly, feeling its smooth texture against her palm. Tim had been her favorite, even in the lab. She had known him for the longest time without even realizing it, but it was time to put him behind her finally. She closed her eyes and wound back her arm.
“You can keep that one,” a familiar voice said behind her.
Alicia’s eyes went wide. Her mouth hung open, unable produce anything but squeals of joy. She jumped up, wrapping her arms around him.
“Hello, Tim,” she whispered into his shoulder.
The End
submitted by Lilwa_Dexel to Lilwa_Dexel [link] [comments]

Decred Journal – September 2018

Note: you can read this on GitHub (link), Medium (link) or old Reddit (link).

Development

Final version 1.3.0 of the core software was released bringing all the enhancements reported last month to the rest of the community. The groundwork for SPV (simplified payment verification) is complete, another reduction of fees is being deployed, and performance stepped up once again with a 50% reduction in startup time, 20% increased sync speed and more than 3x faster peer delivery of block headers (a key update for SPV). Decrediton's integrations of SPV and Politeia are open for testing by experienced users. Read the full release notes and get the downloads on GitHub. As always, don't forget to verify signatures.
dcrd: completed several steps towards multipeer downloads, improved introduction to the software in the main README, continued porting cleanups and refactoring from upstream btcd.
Currently in review are initial release of smart fee estimator and a change to UTXO set semantics. The latter is a large and important change that provides simpler handling, and resolves various issues with the previous approach. A lot of testing and careful review is needed so help is welcome.
Educational series for new Decred developers by @matheusd added two episodes: 02 Simnet Setup shows how to automate simnet management with tmux and 03 Miner Reward Invalidation explains block validity rules.
Finally, a pull request template with a list of checks was added to help guide the contributors to dcrd.
dcrwallet: bugfixes and RPC improvements to support desktop and mobile wallets.
Developers are welcome to comment on this idea to derive stakepool keys from the HD wallet seed. This would eliminate the need to backup and restore redeem scripts, thus greatly improving wallet UX. (missed in July issue)
Decrediton: bugfixes, refactoring to make the sync process more robust, new loading animations, design polishing.
Politeia: multiple improvements to the CLI client (security conscious users with more funds at risk might prefer CLI) and security hardening. A feature to deprecate or timeout proposals was identified as necessary for initial release and the work started. A privacy enhancement to not leak metadata of ticket holders was merged.
Android: update from @collins: "Second test release for dcrandroid is out. Major bugs have been fixed since last test. Latest code from SPV sync has been integrated. Once again, bug reports are welcome and issues can be opened on GitHub". Ask in #dev room for the APK to join testing.
A new security page was added that allows one to validate addresses and to sign/verify messages, similar to Decrediton's Security Center. Work on translations is beginning.
Overall the app is quite stable and accepting more testers. Next milestone is getting the test app on the app store.
iOS: the app started accepting testers last week. @macsleven: "the test version of Decred Wallet for iOS is available, we have a link for installing the app but the builds currently require your UDID. Contact either @macsleven or @raedah with your UDID if you would like to help test.".
Nearest goal is to make the app crash free.
Both mobile apps received new design themes.
dcrdata: v3.0 was released for mainnet! Highlights: charts, "merged debits" view, agendas page, Insight API support, side chain tracking, Go 1.11 support with module builds, numerous backend improvements. Full release notes here. This release featured 9 contributors and development lead @chappjc noted: "This collaboration with @raedahgroup on our own block explorer and web API for @decredproject has been super productive.".
Up next is supporting dynamic page widths site wide and deploying new visual blocks home page.
Trezor: proof of concept implementation for Trezor Model T firmware is in the works (previous work was for Model One).
Ticket splitting: updated to use Go modules and added simnet support, several fixes.
docs: beginner's guide overhaul, multiple fixes and cleanups.
decred.org: added 3rd party wallets, removed inactive PoW pools and removed web wallet.
@Richard-Red is building a curated list of Decred-related GitHub repositories.
Welcome to new people contributing for the first time: @klebe, @s_ben, @victorguedes, and PrimeDominus!
Dev activity stats for September: 219 active PRs, 197 commits, 28.7k added and 18.8k deleted lines spread across 6 repositories. Contributions came from 4-10 developers per repository. (chart)

Network

Hashrate: started and ended the month around 75 PH/s, hitting a low of 60.5 and a new high of 110 PH/s. BeePool is again the leader with their share varying between 23-54%, followed by F2Pool 13-30%, Coinmine 4-6% and Luxor 3-5%. As in previous months, there were multiple spikes of unidentified hashrate.
Staking: 30-day average ticket price is 98 DCR (+2.4). The price varied between 95.7 and 101.9 DCR. Locked DCR amount was 3.86-3.96 million DCR, or 45.7-46.5% of the supply.
Nodes: there are 201 public listening nodes and 325 normal nodes per dcred.eu. Version distribution: 5% are v1.4.0(pre) dev builds (+3%), 30% on v1.3.0 (+25%), 42% on v1.2.0 (-20%), 15% on v1.1.2 (-7%), 6% on v1.1.0. More than 76% of nodes run v1.2.0 and higher and therefore support client filters. Data as of Oct 1.

ASICs

Obelisk posted two updates on their mailing list. 70% of Batch 1 units are shipped, an extensive user guide is available, Obelisk Scanner application was released that allows one to automatically update firmware. First firmware update was released and bumped SC1 hashrate by 10-20%, added new pools and fixed multiple bugs. Next update will focus on DCR1. It is worth a special mention that the firmware source code is now open! Let us hope more manufacturers will follow this example.
A few details about Whatsminer surfaced this month. The manufacturer is MicroBT, also known as Bitwei and commonly misspelled as Bitewei. Pangolinminer is a reseller, and the model name is Whatsminer D1.
Bitmain has finally entered Decred ASIC space with their Antminer DR3. Hash rate is 7.8 TH/s while pulling 1410 W, at the price of $673. These specs mean it has the best GH/W and GH/USD of currently sold miners until the Whatsminer or others come out, although its GH/USD of 11.6 already competes with Whatsminer's 10.5. Discussed on Reddit and bitcointalk, unboxing video here.

Integrations

Meet our 17th voting service provider: decredvoting.com. It is operated by @david, has 2% fee and supports ticket splitting. Reddit thread is here.
For a historical note, the first VSP to support ticket splitting was decredbrasil.com:
@matheusd started tests on testnet several months ago. I contacted him so we could integrate with the pool in June this year. We set up the machine in July and bought the first split ticket on mainnet, using the decredbrasil pool, on July 19. It was voted on July 30. After this first vote on mainnet, we opened the tests to selected users (with more technical background) on the pool. In August we opened the tests to everyone, and would call people who want to join to the #ticket_splitting channel, or to our own Slack (in Portuguese, so mostly Brazilian users). We have 28 split tickets already voted, and 16 are live. So little more than 40 split tickets total were bought on decredbrasil pool. (@girino in #pos-voting)
KuCoin exchange listed DCBTC and DCETH pairs. To celebrate their anniversary they had a 99% trading fees discount on DCR pairs for 2 weeks.
Three more wallets integrated Decred in September:
ChangeNow announced Decred addition to their Android app that allows accountless swaps between 150+ assets.
Coinbase launched informational asset pages for top 50 coins by market cap, including Decred. First the pages started showing in the Coinbase app for a small group of testers, and later the web price dashboard went live.

Adoption

The birth of a Brazilian girl was registered on the Decred blockchain using OriginalMy, a blockchain proof of authenticity services provider. Read the full story in Portuguese and in English.

Marketing

Advertising report for September is ready. Next month the graphics for all the ads will be changing.
Marketing might seem quiet right now, but a ton is actually going on behind the scenes to put the right foundation in place for the future. Discovery data are being analyzed to generate a positioning strategy, as well as a messaging hierarchy that can guide how to talk about Decred. This will all be agreed upon via consensus of the community in the work channels, and materials will be distributed.
Next, work is being done to identify the right PR partner to help with media relations, media training, and coordination at events. While all of this is coming up to speed, we believe the website needs a refresher reflecting the soon to be agreed upon messaging, plus a more intuitive architecture to make it easier to navigate. (@Dustorf)

Events

Attended:
Upcoming:
We'll begin shortly reviewing conferences and events planned for the first half of 2019. Highlights are sure to include The North American Bitcoin Conference in Miami (Jan 16-18) and Consensus in NYC (May 14-16). If you have suggestions of events or conferences Decred should attend, please share them in #event_planning. In 2019, we would like to expand our presence in Europe, Asia, and South America, and we're looking for community members to help identify and staff those events. (@Dustorf)

Media

August issue of Decred Journal was translated to Russian. Many thanks to @DZ!
Rency cryptocurrency ratings published a report on Decred and incorporated a lot of feedback from the community on Reddit.
September issue of Chinese CCID ratings was published (snapshot), Decred is still at the bottom.
Videos:
Featured articles:
Articles:

Community Discussions

Community stats:
Comm systems news: Several work channels were migrated to Matrix, #writers_room is finally bridged.
Highlights:
Twitter: why decentralized governance and funding are necessary for network survival and the power of controlling the narrative; learning about governance more broadly by watching its evolution in cryptocurrency space, importance of community consensus and communications infrastructure.
Reddit: yet another strong pitch by @solar; question about buyer protections; dcrtime internals; a proposal to sponsor hoodies in the University of Cape Town; Lightning Network support for altcoins.
Chats: skills to operate a stakepool; voting details: 2 of 3 votes can approve a block, what votes really approve are regular tx, etc; scriptless script atomic swaps using Schnorr adaptor signatures; dev dashboard, choosing work, people do best when working on what interests them most; opportunities for governments and enterprise for anchoring legal data to blockchain; terminology: DAO vs DAE; human-friendly payments, sharing xpub vs payment protocols; funding btcsuite development; Politeia vote types: approval vote, sentiment vote and a defund vote, also linking proposals and financial statements; algo trading and programming languages (yes, on #trading!); alternative implementation, C/C++/Go/Rust; HFTs, algo trading, fake volume and slippage; offline wallets, usb/write-only media/optical scanners vs auditing traffic between dcrd and dcrwallet; Proof of Activity did not inspire Decred but spurred Decred to get moving, Wikipedia page hurdles; how stakeholders could veto blocks; how many votes are needed to approve a proposal; why Decrediton uses Electron; CVE-2018-17144 and over-dependence on single Bitcoin implementation, btcsuite, fuzz testing; tracking proposal progress after voting and funding; why the wallet does not store the seed at all; power connectors, electricity, wiring and fire safety; reasonable spendings from project fund; ways to measure sync progress better than block height; using Politeia without email address; concurrency in Go, locks vs channels.
#support is not often mentioned, but it must be noted that every day on this channel people get high quality support. (@bee: To my surprise, even those poor souls running Windows 10. My greatest respect to the support team!)

Markets

In September DCR was trading in the range of USD 34-45 / BTC 0.0054-0.0063. On Sep 6, DCR revisited the bottom of USD 34 / BTC 0.0054 when BTC quickly dropped from USD 7,300 to 6,400. On Sep 14, a small price rise coincided with both the start of KuCoin trading and hashrate spike to 104 PH/s. Looking at coinmarketcap charts, the trading volume is a bit lower than in July and August.
As of Oct 4, Decred is #18 by the number of daily transactions with 3,200 tx, and #9 by the USD value of daily issuance with $230k. (source: onchainfx)
Interesting observation by @ImacallyouJawdy: while we sit at 2018 price lows the amount locked in tickets is testing 2018 high.

Relevant External

ASIC for Lyra2REv2 was spotted on the web. Vertcoin team is preparing a new PoW algorithm. This would be the 3rd fork after two previous forks to change the algorithm in 2014 and 2015.
A report titled The Positive Externalities of Bitcoin Mining discusses the benefits of PoW mining that are often overlooked by the critics of its energy use.
A Brief Study of Cryptonetwork Forks by Alex Evans of Placeholder studies the behavior of users, developers and miners after the fork, and makes the cases that it is hard for child chains to attract users and developers from their parent chains.
New research on private atomic swaps: the paper "Anonymous Atomic Swaps Using Homomorphic Hashing" attempts to break the public link between two transactions. (bitcointalk, decred)
On Sep 18 Poloniex announced delisting of 8 more assets. That day they took a 12-80% dive showing their dependence on this one exchange.
Circle introduced USDC markets on Poloniex: "USDC is a fully collateralized US dollar stablecoin using the ERC-20 standard that provides detailed financial and operational transparency, operates within the regulated framework of US money transmission laws, and is reinforced by established banking partners and auditors.".
Coinbase announced new asset listing process and is accepting submissions on their listing portal. (decred)
The New York State Office of the Attorney General posted a study of 13 exchanges that contains many insights.
A critical vulnerability was discovered and fixed in Bitcoin Core. Few days later a full disclosure was posted revealing the severity of the bug. In a bitcointalk thread btcd was called 'amateur' despite not being vulnerable, and some Core developers voiced their concerns about multiple implementations. The Bitcoin Unlimited developer who found the bug shared his perspective in a blog post. Decred's vision so far is that more full node implementations is a strength, just like for any Internet protocol.

About This Issue

This is the 6th issue of Decred Journal. It is mirrored on GitHub, Medium and Reddit. Past issues are available here.
Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research.
Feedback is appreciated: please comment on Reddit, GitHub or #writers_room on Matrix or Slack.
Contributions are also welcome: some areas are adding content, pre-release review or translations to other languages.
Credits (Slack names, alphabetical order): bee, Dustorf, jz, Haon, oregonisaac, raedah and Richard-Red.
submitted by jet_user to decred [link] [comments]

Introduction to the Butterfly Labs Monarch bitcoin miner ... New Butterfly Monarch Bitcoin miners Butterfly Labs bitcoin setup, jalapeño, single Butterfly Labs 5 GH/s ASIC Bitcoin Miner (Jalapeno) Review ... Bitcoin: Butterfly Labs Announces New Product

Butterfly Labs. Home; Animals; Cars; Celebs; Games; Health; House; Lifestyle; Sport; Style; Tech; 6 Ways You Can Get Rich by Selling Stuff on eBay – 2020 Guide . Walter E. Land-October 25, 2020. How to Have a Safe 2020 Holiday Season. How to Determine Credibility of Online Casinos – 2020 Guide. 8 Tips For Finding Financing Options For Small Businesses – 2020 Guide. 5 DIY Ideas to Remodel ... Butterfly Labs is alleged to have generated bitcoins by conducted extending testing of the bitcoin mining machines it manufactured before delivering the units to consumers, while former employees ... Butterfly Labs and two of its operators have agreed to settle Federal Trade Commission charges that they deceived thousands of consumers about the availability, profitability, and newness of machines designed to mine the virtual currency known as Bitcoin, and that they unfairly kept consumers’ up-front payments despite failing to deliver the machines as promised. Butterfly Labs. Home; Animals; Cars; Celebs; Games; Health; House; Lifestyle; Sport; Style; Tech; Home Bitcoin Best Time of the Day to Buy Bitcoin. Bitcoin; Best Time of the Day to Buy Bitcoin. By. Eric Isaacson - October 29, 2019. img source: nulltx.com. Bitcoin – a word that you can hear quite often in all parts of the world. People are still suspicious about this virtual currency. You can ... Read more news from Butterfly Labs. SOURCE Butterfly Labs × Modal title. You just read: NimbusMining and Butterfly Labs Take Bitcoin Mining to the Masses. News provided by. Butterfly Labs Jan 27 ...

[index] [39146] [40207] [12332] [44383] [30644] [27038] [43352] [50497] [11839] [7234]

Introduction to the Butterfly Labs Monarch bitcoin miner ...

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. 8 gigahash Jalapeño and a 30 gigahash Single working to mine Bitcoin and heat my snake terrarium. Top Bitcoin Core Dev Greg Maxwell DevCore: Must watch talk on mining, block size, and more - Duration: 55:04. The Bitcoin Foundation Recommended for you Check out my latest Raspberry Pi project using a Butterfly labs Jalapeno 5 Gh/s Bitcoin miner and a Raspberry Pi Model B running Raspbian. Buy a bitcoin mine... T4D #82 - Butterfly Labs ASIC bitcoin miner, Fluke 107...and a fair bit more. - Duration: 25:51. ... Kitco NEWS 181,510 views. 20:47. Bitcoin mining mexico butterfly labs 10gh/s - Hackwise ...

#