Tuesday, March 12, 2019

[Daily Discussion] Wednesday, March 13, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

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[Daily Discussion] Wednesday, March 13, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


Crypto Movie Trailer Releases as New Bitcoin Film Starring Kurt Russell Set to Air April 12, 2019 - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/crypto-movie-trailer-releases-as-new-bitcoin-film-starring-kurt-russell-set-to-air-april-12-2019/

Bitcoin SV (BSV) Announces Sustainable 128MB Blocks During Scaling Test Network - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/bitcoin-sv-bsv-announces-sustainable-128mb-blocks-during-scaling-test-network/

Bitcoin Exchange Guide: Polymath, KABN Network Collaborate to Enhance Digital Securities Creation and Management

https://bitcoinexchangeguide.com/polymath-kabn-network-collaborate-to-enhance-digital-securities-creation-and-management/?utm_source=Reddit&utm_medium=SecurityTokenNetwork&utm_campaign=Newswire&utm_content=Bitcoin%20Exchange%20Guide%3A%20Polymath%2C%20KABN%20Network%20Collaborate%20to%20Enhance%20Digital%20Securities%20Creation%20and%20Management

Bitcoin Exchange Guide: Polymath, KABN Network Collaborate to Enhance Digital Securities Creation and Management

https://bitcoinexchangeguide.com/polymath-kabn-network-collaborate-to-enhance-digital-securities-creation-and-management/?utm_source=Reddit&utm_medium=SecurityTokenNetwork&utm_campaign=Newswire)

Bitcoin Exchange Guide: Polymath, KABN Network Collaborate to Enhance Digital Securities Creation and Management

https://bitcoinexchangeguide.com/polymath-kabn-network-collaborate-to-enhance-digital-securities-creation-and-management/?utm_source=Reddit&utm_medium=SecurityTokenNetwork&utm_campaign=Newswire)

Bitcoin Exchange Guide: Polymath, KABN Network Collaborate to Enhance Digital Securities Creation and Management

https://bitcoinexchangeguide.com/polymath-kabn-network-collaborate-to-enhance-digital-securities-creation-and-management/?utm_source=Reddit&utm_medium=SecurityTokenNetwork&utm_campaign=Newswire)

Quality PHP / Crypto Developer Available

Spent the last 12 months of my life working on a new open source software platform, which for all intents and purposes is now finalized. Also was recently screwed out of $20k, so could really use some contract work at the moment.

You can view Apex, the new software platform at:

Admin Panel: http://apexdemo.envrin.com/admin/

Github: https://github.com/envrin/apex/

I also have various bitcoin / crypto packages available, but those remain commercial / private, and I'm just in the middle of porting them all over to Apex, and nearly done. However, done enough to deploy some bitcoin / crypto related systems.

If wanted, view the online demos available at http://envrin.com/, such as the exchange, LBC clone, web wallet, etc. That will give you a good idea of the functionality I have available to me and already developed, then just envision it ported over to Apex for a quality, modern, robust system.

If anyone has any development work they need done, please feel free to contact me. I can start this minute, and can confidently say I can provide you with better quality and service than the majority of contract developers available out there. I can do anything and everything in your imagination, and sky is the limit with me. Also well experienced with hidden services, if needed.

Apex is also fully documented, and I'm just finishing the training guide now. This means if wanted, your project can be hosted on your own private repository on your server, and you will not be beholden to me in any shape or form. If I disappear or get hit by a bus, it will be no problem at all for you to provide access to your private repository to another developer, and have them take over the project, as there is full documentation available and it is easy to learn.

If you have anything, please contact me at [envrin.group@gmail.com](mailto:envrin.group@gmail.com), and I'll be happy to take care of you.

Best regards,

Matt



[Daily Discussion] Wednesday, March 13, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


[Daily Discussion] Wednesday, March 13, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


[Daily Discussion] Wednesday, March 13, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


[Altcoin Discussion] Wednesday, March 13, 2019

Thread topics include, but are not limited to:

  • Discussion related to recent events
  • Technical analysis, trading ideas & strategies
  • General questions about altcoins

Thread guidelines:

  • Be excellent to each other.
  • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
  • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
  • No discussion about specific ICOs. Established coins only.

If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

Other ways to interact:


A reminder why CryptoNote protocol was created...

CryptoNote v 2.0 Nicolas van Saberhagen October 17, 2013

1 Introduction

“Bitcoin” [1] has been a successful implementation of the concept of p2p electronic cash. Both professionals and the general public have come to appreciate the convenient combination of public transactions and proof-of-work as a trust model. Today, the user base of electronic cash is growing at a steady pace; customers are attracted to low fees and the anonymity provided by electronic cash and merchants value its predicted and decentralized emission. Bitcoin has effectively proved that electronic cash can be as simple as paper money and as convenient as credit cards.

Unfortunately, Bitcoin suffers from several deficiencies. For example, the system’s distributed nature is inflexible, preventing the implementation of new features until almost all of the net- work users update their clients. Some critical flaws that cannot be fixed rapidly deter Bitcoin’s widespread propagation. In such inflexible models, it is more efficient to roll-out a new project rather than perpetually fix the original project.

In this paper, we study and propose solutions to the main deficiencies of Bitcoin. We believe that a system taking into account the solutions we propose will lead to a healthy competition among different electronic cash systems. We also propose our own electronic cash, “CryptoNote”, a name emphasizing the next breakthrough in electronic cash.

2 Bitcoin drawbacks and some possible solutions

2.1 Traceability of transactions

Privacy and anonymity are the most important aspects of electronic cash. Peer-to-peer payments seek to be concealed from third party’s view, a distinct difference when compared with traditional banking. In particular, T. Okamoto and K. Ohta described six criteria of ideal electronic cash, which included “privacy: relationship between the user and his purchases must be untraceable by anyone” [30]. From their description, we derived two properties which a fully anonymous electronic cash model must satisfy in order to comply with the requirements outlined by Okamoto and Ohta:

Untraceability: for each incoming transaction all possible senders are equiprobable.

Unlinkability: for any two outgoing transactions it is impossible to prove they were sent to the same person.

Unfortunately, Bitcoin does not satisfy the untraceability requirement. Since all the trans- actions that take place between the network’s participants are public, any transaction can be unambiguously traced to a unique origin and final recipient. Even if two participants exchange funds in an indirect way, a properly engineered path-finding method will reveal the origin and final recipient.

It is also suspected that Bitcoin does not satisfy the second property. Some researchers stated ([33, 35, 29, 31]) that a careful blockchain analysis may reveal a connection between the users of the Bitcoin network and their transactions. Although a number of methods are disputed [25], it is suspected that a lot of hidden personal information can be extracted from the public database.

Bitcoin’s failure to satisfy the two properties outlined above leads us to conclude that it is not an anonymous but a pseudo-anonymous electronic cash system. Users were quick to develop solutions to circumvent this shortcoming. Two direct solutions were “laundering services” [2] and the development of distributed methods [3, 4]. Both solutions are based on the idea of mixing several public transactions and sending them through some intermediary address; which in turn suffers the drawback of requiring a trusted third party. Recently, a more creative scheme was proposed by I. Miers et al. [28]: “Zerocoin”. Zerocoin utilizes a cryptographic one-way accumulators and zero-knoweldge proofs which permit users to “convert” bitcoins to zerocoins and spend them using anonymous proof of ownership instead of explicit public-key based digital signatures. However, such knowledge proofs have a constant but inconvenient size - about 30kb (based on today’s Bitcoin limits), which makes the proposal impractical. Authors admit that the protocol is unlikely to ever be accepted by the majority of Bitcoin users [5].

2.2 The proof-of-work function

Bitcoin creator Satoshi Nakamoto described the majority decision making algorithm as “one- CPU-one-vote” and used a CPU-bound pricing function (double SHA-256) for his proof-of-work scheme. Since users vote for the single history of transactions order [1], the reasonableness and consistency of this process are critical conditions for the whole system.

The security of this model suffers from two drawbacks. First, it requires 51% of the network’s mining power to be under the control of honest users. Secondly, the system’s progress (bug fixes, security fixes, etc...) require the overwhelming majority of users to support and agree to the changes (this occurs when the users update their wallet software) [6].Finally this same voting mechanism is also used for collective polls about implementation of some features [7].

This permits us to conjecture the properties that must be satisfied by the proof-of-work pricing function. Such function must not enable a network participant to have a significant advantage over another participant; it requires a parity between common hardware and high cost of custom devices. From recent examples [8], we can see that the SHA-256 function used in the Bitcoin architecture does not posses this property as mining becomes more efficient on GPUs and ASIC devices when compared to high-end CPUs.

Therefore, Bitcoin creates favourable conditions for a large gap between the voting power of participants as it violates the “one-CPU-one-vote” principle since GPU and ASIC owners posses a much larger voting power when compared with CPU owners. It is a classical example of the Pareto principle where 20% of a system’s participants control more than 80% of the votes.

One could argue that such inequality is not relevant to the network’s security since it is not the small number of participants controlling the majority of the votes but the honesty of these participants that matters. However, such argument is somewhat flawed since it is rather the possibility of cheap specialized hardware appearing rather than the participants’ honesty which poses a threat. To demonstrate this, let us take the following example. Suppose a malevolent individual gains significant mining power by creating his own mining farm through the cheap hardware described previously. Suppose that the global hashrate decreases significantly, even for a moment, he can now use his mining power to fork the chain and double-spend. As we shall see later in this article, it is not unlikely for the previously described event to take place.

2.3 Irregular emission

Bitcoin has a predetermined emission rate: each solved block produces a fixed amount of coins. Approximately every four years this reward is halved. The original intention was to create a limited smooth emission with exponential decay, but in fact we have a piecewise linear emission function whose breakpoints may cause problems to the Bitcoin infrastructure.

When the breakpoint occurs, miners start to receive only half of the value of their previous reward. The absolute difference between 12.5 and 6.25 BTC (projected for the year 2020) may seem tolerable. However, when examining the 50 to 25 BTC drop that took place on November 28 2012, felt inappropriate for a significant number of members of the mining community. Figure 1 shows a dramatic decrease in the network’s hashrate in the end of November, exactly when the halving took place. This event could have been the perfect moment for the malevolent individual described in the proof-of-work function section to carry-out a double spending attack [36]. Fig. 1. Bitcoin hashrate chart (source: http://bitcoin.sipa.be)

2.4 Hardcoded constants

Bitcoin has many hard-coded limits, where some are natural elements of the original design (e.g. block frequency, maximum amount of money supply, number of confirmations) whereas other seem to be artificial constraints. It is not so much the limits, as the inability of quickly changing them if necessary that causes the main drawbacks. Unfortunately, it is hard to predict when the constants may need to be changed and replacing them may lead to terrible consequences.

A good example of a hardcoded limit change leading to disastrous consequences is the block size limit set to 250kb1. This limit was sufficient to hold about 10000 standard transactions. In early 2013, this limit had almost been reached and an agreement was reached to increase the limit. The change was implemented in wallet version 0.8 and ended with a 24-blocks chain split and a successful double-spend attack [9]. While the bug was not in the Bitcoin protocol, but rather in the database engine it could have been easily caught by a simple stress test if there was no artificially introduced block size limit.

Constants also act as a form of centralization point. Despite the peer-to-peer nature of Bitcoin, an overwhelming majority of nodes use the official reference client [10] developed by a small group of people. This group makes the decision to implement changes to the protocol and most people accept these changes irrespective of their “correctness”. Some decisions caused heated discussions and even calls for boycott [11], which indicates that the community and the developers may disagree on some important points. It therefore seems logical to have a protocol with user-configurable and self-adjusting variables as a possible way to avoid these problems.

2.5 Bulky scripts

The scripting system in Bitcoin is a heavy and complex feature. It potentially allows one to create sophisticated transactions [12], but some of its features are disabled due to security concerns and some have never even been used [13]. The script (including both senders’ and receivers’ parts) for the most popular transaction in Bitcoin looks like this: <sig> <pubKey> OP DUP OP HASH160 <pubKeyHash> OP EQUALVERIFY OP CHECKSIG. The script is 164 bytes long whereas its only purpose is to check if the receiver possess the secret key required to verify his signature.

Read the rest of the white paper here: https://cryptonote.org/whitepaper.pdf


[Daily Discussion] Wednesday, March 13, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


[Daily Discussion] Wednesday, March 13, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


[Daily Discussion] Tuesday, March 12, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


Quick Reference for Online Work/Surveys/Etc

I originally made this for another sub, but the mod wanted to do their own, so I thought it could be of use here. It's incomplete (of course, there's hundreds of sites), but I wanted to start making a reference post of common/larger sites that people use for online work and extra money, etc.

If you've got extra sites you'd like to add, comment (with your ref link if you've got one) and I'll add it in. :)

Surveys & Survey/Offer Wall Sites

Site Name Ref Link Non Ref Link Frequency Pay Per Event Comments/Other
Pure Profile Non Ref Several Times a Day Usually 80c-$2.25 - you get 10c each time you don't qualify. There are some restrictions on withdrawal ($70/per 60 days).
Prolific Ref Non Ref Several Times a Day Variable Best to leave this tab open, surveys fill up extremely quickly.
Toluna Ref Non Ref Always multiple activities to complete Low (1000pt =~30c)
Survey Junkie Ref Non Ref Several Times a Day 1pt = ~1c If you don't qualify for a survey, they give you 3pts - usually you don't even have to click anything, it will figure out if you're qualified or not, and just redirect you back if you aren't.
YouGov Non Ref Less Frequent - watch for email reminders 5000pt = ~$23 Sign up for this one, just watch out for the emails, but don't check it otherwise.
GG2U Ref Non Ref Multiple activities (surveys & offer walls) Varies, looks like it could pay decently with dedication
Gain.gg Ref Non Ref Multiple activities (surveys & offer walls) Varies, looks like it could pay decently with dedication
Respondent.io Ref Non Ref Heard good things, but actual amount of work seems to depend highly on your demographics.

Microwork & Repetitive Task Sites

Site Name Ref Link Non Ref Link Frequency Pay Per Event Comments/Other
Amazon's Mechanical Turk (mTurk) Non Ref Every few seconds Generally 1c-10c Can transfer to bank account within the US (and Canada?) - outside of those regions, you are given Amazon.com credit.
Microwork.io Non Ref (Play Store) Pays in ETH (cryptocurrency) App
Neevo/Defined Crowd Non Ref Less Often (and region-dependent) Generally 2c. Pays via PayPal after batch is complete. Generally, large batches of one specific task (eg: rating TTS samples) - some tasks have a limit of how many tasks per batch you can work, others allow you to do as many as you wish until the job is done.
Task Future One/ Taskopus Non Ref Pays in Bitcoin Cash (BCH) Beta has just launched, interested parties should sign up via the Non Ref link.
Appen Ref Non Ref Some projects can be up to 20 hours per week, making it a viable part-time/second job. Application process can be lengthy, do not expect immediate acceptance.
Lionsbridge Non Ref Some projects can be up to 20 hours per week, making it a viable part-time/second job. Application process can be lengthy, do not expect immediate acceptance.

UX & UI Feedback Sites

Site Name Ref Link Non Ref Link Frequency Pay Per Event Comments/Other
User Testing Non Ref Daily $10 per 15-20 min feedback video Does not seem to be accepting new users right now.
User Interviews Non Ref Less Often Varies - usually between $50-$120
Playtest Cloud Non Ref Several Per Month $9-15 per 15-30 minutes.
QualNow Ref Non Ref Several Per Month

Market Research (In Person) Sites

Site Name Ref Link Non Ref Link Country Pay Per Event Comments/Other
Real Time Research Non Ref Australia Varies - usually between $50-$120 Locations focus usually on SYD, MEL and BNE.
Ava Research Non Ref Australia Varies - usually between $50-$120 Locations focus usually on SYD, MEL and BNE.
Focus People Non Ref Australia Varies - usually between $50-$120 Locations focus usually on SYD, MEL and BNE.
Askable Ref Non Ref Australia Varies - usually between $50-$70 A lot of studies offer remote/Skype options.

Apps (Assorted)

Site Name Ref Link Non Ref Link Country Pay Per Event Comments/Other
Fetch Rewards C9HTE Non Ref US Supermarkets Scan receipts for points
Receiptpal Non Ref USA Scan receipts for points
Mobile Performance Meter Ref Link Non Ref US - Gift Cards. Outside US - "Meter Points" for direct Mobile Airtime on your phone. You install it on your phone and all they do is check your cell phone signal. [Android Only]
Drop Ref Non Ref USA Whenever you spend with any of your linked cards, you get points.
Survey App Ref Non Ref USA

Investment/Finance

Site Name Ref Link Non Ref Link Country Pay Per Event Comments/Other
M1 Finance Ref Non Ref USA You receive $25 for creating a new account, offer expires 01/31/2019. No monthly fee.
Stash Investment Ref Non Ref USA You get $5 for signing up.
Robinhood Ref Non Ref USA Use Ref and get free stock.
Raiz Ref Non Ref Australia Used to be "Acorns - AU"


[Daily Discussion] Wednesday, March 13, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


Bitcoin Price Hovers Near $4,000 But Analysts Think Crypto Market is Prime for a Rally - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/bitcoin-price-hovers-near-4000-but-analysts-think-crypto-market-is-prime-for-a-rally/

Human Rights Foundation Debates If Privacy Of Bitcoin Could Protect Journalists From Danger - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/human-rights-foundation-debates-if-privacy-of-bitcoin-could-protect-journalists-from-danger/

Foundation for Interwallet Operability: Over Half of Bitcoin Owners are Uncomfortable with Payments Process - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/foundation-for-interwallet-operability-over-half-of-bitcoin-owners-are-uncomfortable-with-payments-process/

Are You As Bullish As Iranian Bitcoin Miners? Check Out These Crypto Mining Pictures - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/are-you-as-bullish-as-iranian-bitcoin-miners-check-out-these-crypto-mining-pictures/

Crypto Pioneer Peter Todd Says Bitcoin’s Smart Contacts Are Most Effective At Bitcoin Expo 2019 - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/crypto-pioneer-peter-todd-says-bitcoins-smart-contacts-are-most-effective-at-bitcoin-expo-2019/

Let’s Play A Crypto Game: If You Invested $100 Into Top 5 Coins, Here’s Your Profit/Loss Percentages - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/lets-play-a-crypto-game-if-you-invested-100-into-top-5-coins-heres-your-profit-loss-percentages/

[Daily Discussion] Tuesday, March 12, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


SWOT Analysis of Monero [draft]

Please take a look below at our draft of a Monero SWOT analysis and submit any feedback or suggestions you can find. If there is a webpage that could be linked to support any of these or other suggested items, please share as well.

We will take your input into consideration for the final draft, which will be translated into multiple languages and made available on monerooutreach.org

Thanks for contributing!

-----

SWOT Analysis of Monero

Monero has been in development since 2014. It utilizes the CryptoNote protocol, which was created in response to the inherent weaknesses of Bitcoin. Here we take a look at the Monero project to determine it’s strengths, weaknesses, opportunities, and threats.

Strengths

  • Strong development. Third highest code contributor count (547+ all time developers), led only by Bitcoin and Ethereum.
  • Privacy. Obfuscating every layer of the transaction (sender, receiver, and amount), Monero seeks to find the right balance between absolute privacy and usability.
  • Highly researched. Uses proven encryption protocols to maintain privacy for the network and it’s users. Also has it’s own Monero Research Lab which sends new developments through formal third party auditing before implementing into Monero code.
  • Active community. 23 repositories in the Monero Ecosystem. 340 repositories on the Monero topic. 200+ active contributors to the Monero code. Workgroups ranging from general Community organization, Research, Translations/Localization, Outreach, hardware wallets, and event planning.
  • Fixed supply schedule of 0.3 XMR per minute, so a rise in demand could see appreciation for the long term and it incentivizes miners to secure the network indefinitely. Also creates stable, predictable inflation which supports good economics.
  • ASIC resistant proof of work consensus algorithms acknowledge the centralization issues inherent in a small group of companies manufacturing most of the world’s ASICs. The Monero community has established consensus to resist ASIC mining until ASICs are commoditized and accessibility problems improve. This currently makes mining Monero something that is accessible to anyone with a CPU.
  • Great communication with exchanges, wallet providers, community, investors, miners and the public via Reddit, Twitter, GitHub, and their mailing list. Communicating network upgrade requirements and critical updates and notices. Additionally, they provide full logs of development meetings going back as far as 2016.
  • Usability. Desktop GUI wallets are available and relatively easy to use for Windows, MacOS, and Linux. User friendly mobile wallets are available on Android and iOS. Hardware wallet support on Ledger and coming soon on Trezor. Monero community has also funded development of an open-source hardware wallet.
  • Auditable by choice. Unlike Bitcoin that has a transparent blockchain and can be audited by anyone at anytime, Monero can be audited by choosing to share it’s private view keys, allowing auditors to confirm an individual’s amount of Monero and giving individuals the power to control when they choose to share.
  • Accessible and acceptable through dozens of exchanges and a number of payment gateways. Accepted by a long and respectable list of merchants. See official website and Project Coral Reef for examples.
  • Public. The lead maintainer, Riccardo Spagni, is not afraid to show his face in public. This is also true of many of the most active community members.
  • Business Oriented. Many developers and community members have built and are building businesses around Monero to enhance the ecosystem.
  • Scalable. Dynamic block size limit depending on network demand allows for automatic scalability.
  • Decentralized and Global. The Monero community and it’s developers are made of individuals from around the planet and has an incredibly active Localization/Translation system that produces Monero content and services for a wide range of languages around the world.
  • Future Oriented. Monero’s community has donated to fund development of Kovri, a decentralized network-traffic hiding tool that will allow users to hide their location and IP address. The Monero Transmissions Lab also aims to brainstorm solutions for future off-grid or off-main-net Monero transactions, using open-sourced protocols and infrastructure for satellite and mobile ad hoc mesh communications.
  • Savvy and Dedicated Community. Monero’s online community is known for it’s no-frills attitude and has consistently demonstrated the depth and breadth of it’s knowledge-base by contributing to online forums, research, lectures, and other cryptocurrency related developments.
  • Talent Magnet. Monero has attracted several talented individuals who contribute to it’s code and ecosystem. A notable example is Howard Chu, Founder and Chief Architect of Symas Corp. and former technician and consultant of NASA’s Jet Propulsion Laboratory who supported Shuttle missions as a lead software engineer.

Weaknesses

  • Liquidity. Due to the relative complexity of Monero’s code (compared to Bitcoin or ERC20 based cryptocurrencies) it is more challenging to integrate Monero on cryptocurrency exchanges, services, and markets, thus making liquidity a bigger challenge.
  • Bi-annual Network Upgrades (Hard forks). While currently a strength because it patches bugs and enhances the performance, efficiency, and usability of Monero, it is not a good long-term strategy. Creates more opportunities for scam forks to arise, which can create confusion and decrease network privacy if users share secret keys with forked coins.
  • Scalability. Monero solves the fungibility and privacy issues of bitcoin at the expense of additional technical complexity through privacy layers. It also means the scaling issues of bitcoin are magnified to some extent with Monero. Monero’s dynamic blocksize helps, but these other issues must be addressed.
  • Governance of the Monero project is not completely decentralized. However, the core developers communicate transparently and attempt to find consensus among the community before major decisions are made. So far they have not abused their powers.
  • Relatively centralized development team and social media channels that so far has been benevolent, but does make some people concerned about centralization.
  • Community Discussion is found primarily on IRC, Reddit, and GitHub. For some, this is not decentralized enough.
  • Complex and highly technical. The encryption protocols, hashing algorithms, and various features like Payment ID, Subaddresses, Ring CT, and others can create confusion and uncertainty among less technical users and community members. It has also shown to be a barrier to adoption because it creates challenges for exchanges, merchants, and others to integrate Monero into their ecosystems. It is a challenge to articulate the complexities of Monero into layman’s terms, much less usable plug-and-play software and hardware integration.
  • Large blockchain size over 60 GB, which must be synced to show balance and transact with wallets. Steps are being taken to mitigate this, but it is still a challenge for easy usability.
  • Funding Model is based on donations. Potential donors are incentivized to “free ride”, and see if someone else will donate instead. It also makes it hard to raise funds for other important things like quality control, customer support, and documentation. This puts pressure on those who own a lot of Monero and can lead to slower development in general.
  • The code and especially APIs could be cleaner for developers to help improve adoption and integration with business and services.
  • Transaction size. The enhanced privacy layers of Monero make for a larger transaction size than bitcoin. Bulletproofs made a significant improvement for Monero transactions, but more needs to be done to ensure scalability to and beyond the level of daily bitcoin transactions.

Opportunities

  • Market Cap. Monero has the opportunity to remain the highest-ranked privacy-based cryptocurrency.
  • Bitcoin hedge. As the inherent issues with Bitcoin and it’s lack of privacy at the protocol level become more realized by the public, Monero has an opportunity to significantly increase by market cap as well as adoption and liquidity.
  • Economic empowerment and human rights. Monero’s privacy features are aligned with human rights values and could become more widely recognized and used in countries that are experiencing political or economic oppression.
  • Private Wealth. Monero’s privacy features make it attractive to high-net-worth individuals and institutions that want to participate in cryptocurrency while keeping their wealth private.
  • New developers. Being the number three cryptocurrency in terms of developers, Monero has an opportunity to attract new talent and surpass the amount of developers as Bitcoin or Ethereum, the only two current leaders over Monero by number of developers.
  • Open Source Community. The free and open source ethos of Monero are very strong, which make it a candidate to be adopted by the ever expanding global open source community. Continued adoption can lead to an even stronger ecosystem and increased liquidity.
  • Artists. Artists of various genres have begun to integrate Monero payments, a trend that may continue and thus, support the use case of Monero.

Threats

  • Regulation. Monero faces a threat of being removed from exchanges in the future if regulation around exchanges continues. The privacy focus of Monero also makes it a potential target of KYC/AML regulation. Although the ability to share private view keys for auditing Monero will curb this threat substantially, it could create near-term challenges until regulators are educated.
  • Market share. Monero could lose market share to other privacy coins.
  • Network Attacks. A variety of attacks on the Monero network are theoretically possible and have been explored in depth by the Breaking Monero series.
  • Misinformation and censorship. Coordinated misinformation campaigns could potentially lead to attempts to ban Monero in certain jurisdictions or decrease it’s popularity in general. While Monero cannot technically be censored, this theoretical threat could hurt it’s adoption and decrease liquidity in certain jurisdictions.

Is Stage Set For Bitcoin Rally? — Halving explanation and other critical events driving momentum

https://cryptopurview.com/is-stage-set-for-bitcoin-rally

[Daily Discussion] Tuesday, March 12, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

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[uncensored-r/Bitcoin] BEWARE!!!! Nuvoo is refusing to payout mined BTC

The following post by that1rowdyracer is being replicated because some comments within the post(but not the post itself) have been silently removed.

The original post can be found(in censored form) at this link:

np.reddit.com/r/ Bitcoin/comments/b09lxr

The original post's content was as follows:


TDLR: Found out that my contract was paused, asked to have my BTC and told they don't have the ability to transfer it yet. BEWARE!!! Below is the transcript with the person on their chat.

Karine G.

Tue, 03/12/19 08:14:37 am

hello , if you need help , just let me know .

Me

08:14:50 am

Hi Karine, why did my mining contract stop

Karine G.

08:15:04 am

Give me a moment

Me

08:15:25 am

I purchased a lifetime contract and if you are going to stop it I with to gather a refund as a breach of contract

Karine G.

08:15:37 am

The contract is open-ended.

determined by three factors: difficulty of operation, Bitcoin exchange rates against USD and maintenance costs (which includes all electricity, cooling, development and maintenance costs). We can not control the first two factors that are unpredictable,

https://nuvoo.io/fr/faqs/The specific duration of a contract of indefinite duration is variable and determined by three factors: the difficulty of the exploitation, the Bitcoin exchange rates against USD and the maintenance costs of 0.00021 $ / 1gh / s of the pool 1 to 24 (This includes all costs for electricity, cooling, development and maintenance). We can not control the first two factors that are unpredictable, but we always deploy the latest mining technology, and do our best to keep them running at their peak for you. In the event that a contract becomes unprofitable (ie, the payment can not cover maintenance costs), the resulting daily payment will be nil. After that, the contract will continue for 21 days. This means that we will take care of maintenance costs in the hope that your contract becomes profitable again. This can occur if the mining network difficulty decreases and / or the Bitcoin price increases. If the contract does not return to profitability during this period, it will be completed because the extraction machines consume resources (electricity, air conditioning, accommodation, maintenance, etc.) that can not be paid with their generated payments.Malgres waiting more than 21 days your contract is not profitable income. An option will be added soon for a manual removal of your accumulated BTC. If you have questions or if you need immediate assistance, do not hesitate to contact us by chat or send us a ticket. Remaining at your disposal,

Me

08:17:55 am

Per the contract it stated that I would be notified prior to the closure of the contract. That I was not provided

Karine G.

08:18:00 am

It's ison the contract and on the terms and conditions on our website

Me

08:18:00 am

hence the breach of contract

and now you're telling me that I am unable to remove the BTC that has been mined by my contract

so you're holding it hostage?

Karine G.

08:18:58 am

At this time we work on the function for withdraw your accumulated the btc

Me

08:19:13 am

So you're holding it hostage

thats theft

Karine G.

08:19:24 am

No We work on the function for you

For all customer.

The programmers work on this.

Me

08:19:39 am

If I cant remove it now, its theft

you're holding my BTC hostage

Karine G.

08:19:51 am

You will be able to withdraw when the function will be ready

Me

08:20:08 am

I dont care that the programmers are working on it the fact that I cannot withdrawl is also a breach of contract

Karine G.

08:20:10 am

Sir The programmers work on the function

Me

08:20:21 am

That BTC is not yours

do you not understand that

Karine G.

08:20:36 am

As long the function is not ready we cannot active this

Me

08:20:39 am

its is mine and if you dont give me something that is mine, its called theft

Karine G.

08:21:01 am

Sir As I explain you, We worked on the function for you withdraw your BTC.

Me

08:21:03 am

that definition is defined in all countries of the world

Karine G.

08:21:18 am

When the function will be ready you will be able to withdraw

Me

08:21:23 am

the fact that the function is not available now is theft

the fact I wasnt notified of the closure of my countract is a breach of contract

do you not understand how bad this would look in front of a Canadian judge

Karine G.

08:22:19 am

I understand sir but I can't faster the programmer because I'm not a programmer.

So When the function will be work you will be able to withdraw your btc

Me

08:23:22 am

The fact that my contract was closed in december and its now march and this is the first I have found out about this is unacceptable

I have been left thinking it was still mining that whole time.

Karine G.

08:23:41 am

Is on the contract and the terms and conditions

For the explain of the open-ended

Me

08:24:01 am

I understand that but the contract also says that you would notify me of the discontinuation of the contract

which you didnt

Karine G.

08:24:49 am

And you don't go on your account before that? I don't know why you don't received an email.

Can I help you with anything else?

And your contract is not ended, Ison standby for the market we analyse the market

Me

08:29:04 am

My contract states "The Customer shall receive Mined Parts in accordance with the Mining Power contracted and the applicable Fees"

Thats directly from your contact

Karine G.

08:29:19 am

As I explain you

We work a function to withdraw your BTC.

Me

08:29:44 am

by my inability to remove my parts, you are in violation of our mutually agreed contract

Karine G.

08:29:49 am

I don't have any date for activated the function

Me

08:30:16 am

"we work a function to withdraw your btc" isnt proper english

I don't care that you "people" are working on it

its in clear violation of my contract

Karine G.

08:31:25 am

We are working on the withdrawal function for your accumulated BTCs. As long as the function is not ready we can not withdraw. Programmers are working on it right now.

If isn't ready I can't make more faster sorry about that and I understand your feeling.

Yes in the bank if I deposit a check the bank can make a freeze on the check And I'll not have all the money

Me

08:32:49 am

So imagine this, you go to the bank and ask the bank to withdraw money from your account and the bank teller tells you, "sorry we dont have a function to withdraw your money."

Karine G.

08:33:26 am

Sir I explain you many times and is the message I received by the Senior. I can't tell you anything else. I have this information. I'm a agent not a senior or supervisor

I already deposited a check and all the money was frozen

Me

08:34:27 am

Difference is in the blockchain its already been verified

Karine G.

08:34:43 am

Okay sir I just have this information

Me

08:34:51 am

And not my concern is if you shudder as a company, my money is gone

Karine G.

08:35:01 am

So I can't tell you more information. Because I don't have any other information

Me

08:35:16 am

So here's what you are going to do, you're going to transfer my BTC to my wallet.

Why, because its already been confirmed by the blockchain as having occured

Karine G.

08:35:57 am

When the function will be ready we will send you your btc

Me

08:36:36 am

By the fact that you are hiding from that makes it appear to me that this is a ponzy scheme

Karine G.

08:36:53 am

Sir I don't have any other information i can give you I don'T have it

Can I help you with anything else?

Me

08:37:07 am

And now with the siginificant drop in BTC price, you dont have the BTC sitting there that you "mined"

Yes you can get me someone who will transfer my bitcoin

Karine G.

08:37:28 am

Sir I repeat

The programmer work on the function to deposit your BTC

Come back to us if you have more question, feel free to leave a comment and note our CHAT service. Good bye.


[Daily Discussion] Tuesday, March 12, 2019

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[Daily Discussion] Tuesday, March 12, 2019

Thread topics include, but are not limited to:

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[Daily Discussion] Tuesday, March 12, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
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Bitcoin & Ethereum On A Divergence, Back To November Levels That Prompted Breaking Yearly Lows - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/bitcoin-ethereum-on-a-divergence-back-to-november-levels-that-prompted-breaking-yearly-lows/

Volentix, Plans аn Incentive Program tо Build а Decentralized Community

Introduction

Volentix introduces a digital asset Ecosystem (DAE) incorporating a decentralized virtual assets change linked with a secured multi-currency blockchain peer-to-peer wallet, a consumer-pleasant market-scores analytical interface, and an incentives-primarily based recruitment application. Volent is defined as exercising volition and its etymology is traceable to the Latin Volente as wanted or one's desire. Thus the foundation of the word Volentix refers to at least one?s will, as well as one?s wishes and needs.

Volentix Plans an Incentive Program to Build a Decentralized Community

The majority of humans view the ups and downs of the world of Bitcoin and different so-called cryptocurrencies as terribly volatile. Volentix is developing a virtual assets environment (DAE) with the tools essential to assist a large community to enter the digital Asset world with relative ease, safety, and protection.To facilitate recruitment of individuals to guide the Volentix vision, an incentive application funded through Volentix’s native digital asset VTX will soon be underway.

The motive of the promoting is to incentivize people to train themselves on the particulars of the Volentix task. The idea is inspired by a scholarly article simply published on Medium.

The core values of Volentix — the guiding principles that tell all decisions — are the following:

(i) Decentralization of Governance

(ii) Decentralization of Profit

(iii) Open Source

(iv) Personal Privacy and Security

(v) Community Transparency

The Goals for distributing VTX are:

  1. Adding populace to the Volentix environment

2 Increasing the price of VTX

  1. The Volentix Pillars encompass:

VDex

The flagship DApp (decentralized utility) of Volentix is referred to as VDex, a subsequent-era, extensible, customizable, decentralized cryptocurrency exchange platform that will first prioritize the financial and statistics security of its customers (by way of no longer possessing customers’ statistics or assets) and, secondly, facilitate pass-blockchain change. Rather than depositing budget with a centralized change to carry out trades, users of the VDex will continually retain custody of their price range in their own virtual wallets.

Verto

Verto is the multi-foreign currency wallet to be able to permit get right of entry to to VDex. Private keys are maintained in this wallet and are accessible only with the aid of its owner, thus preventing get admission to from hackers who would possibly in any other case target and change. When an alternative is made on VDex, the funds are briefly locked till both the transaction is completed and the brand new funds grow to be available, or the transaction is canceled and budget are once more released.

Vespucci

As VDex is a decentralized alternate, new currencies may be freely indexed for buying and selling. To save you buying and selling of nugatory, nonexistent, or even dangerous cryptocurrencies, Vespucci protects and informs users by providing ratings and scores of each forex. For this to be executed,

social, technological, and market statistics is mined, generating a complete set of metrics using deep studying algorithms and synthetic intelligence. These metrics are visualized as widgets that may be embedded in any web site which desires obvious evaluation of cryptocurrencies. The same metrics are used to rank all currencies to permit users the advantage of making more knowledgeable choices.

Venue

With Venue, anybody can earn VTX for tasks aligned with the Volentix distribution dreams. Volentix development network participants will publish bounties and campaigns to Venue for work needed — for instance, solving bugs, developing content material, or selling Volentix — and absolutely everyone may additionally claim a bounty in alternate for their efforts. Users of Venue will soon be able to compete with each other in a signature marketing campaign wherein a complete pot of VTX tokens may be disbursed to participants in step with the number of forum posts which display a Volentix signature.

The approval system includes the DAO forwarding proposals to a third birthday celebration who will have a look at them for congruence with middle values and distribution dreams and then the third celebration will return research findings to the DAO. If the findings of such research are favorable then the thought will be positioned to the community for a vote.

VTX

VTX is the native forex of the Volentix DAO. It is a cryptographic deflationary token that entitles the bearer to all of the rights of a Volentix Community member.

VTX can be staked to:

Submit proposals to the DAO .Vote on proposals submitted to the NetworkParticipate in the governance of the DAO

For further inquiry, do check the official links below:

OFFICIAL WEBSITE:: httрѕ://vоlеntіx.іо

Telegram link :: httрѕ://t.mе/vоlеntіx

Whitepaper:: httрѕ://ѕ3.са-сеntrаl-1.аmаzоnаwѕ.соm/vоlеntіx/VDеxWhіtеPареr.рdf

ANN THREAD:: httрѕ: //bіtсоіntаlk.оrg/іndеx.рhр?tоріс=5048597

TWITTER:: httрѕ://twіttеr.соm/vоlеntіx

GITHUB:: httрѕ://gіthub.соm/Vоlеntіx/

Authors info::

https:://bountysuite.com

Bountysuite username:: sodaf

Verto Wallet address :: EOS6H3MDPJF5iKvSPkYodAJmt1LPccAXenfdYFpu6DXmzypGCba6h



Crypto & bitcoin tax guide

https://www.cointracker.io/bitcoin-taxes

[Daily Discussion] Tuesday, March 12, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

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The Beginning...

I have been a lurker for quite some time, now, on various feeds/research boards, and feel it's time to start putting out my own decodes. This first post, however, is primarily for those who are new to the Movement--baby steps to point you in the right direction.

I have to wonder, looking back at the current world from the future, will those of us who are woke remember the day we discovered the Q Movement? Will it be one of those "Where were you when JFK was shot?" or "Where were you when you heard the news of 9/11?" kinds of moments? These events are defining moments in history, much like the Q Movement is a defining moment in history. I will be looking forward to reading those "Where were you when you discovered Q?" stories in future books.

To understand the puzzle presented by the Q Team, I would first recommend two very important books starring two prominent and well-respected military guys:

1) "War is a Racket" by Smedley Butler (US Marines)

2) "Behold a Pale Horse" by Bill Cooper (US Navy, Q Clearance)

I would also recommend reading the Bible, front to back--don't skip around. It's important, however, to understand that unless your heart is in it, you will not see what the Lord needs you to see, nor will you understand what is needed to understand. Pray for guidance -- to have your heart and mind opened to the message the Lord needs you to see. I can tell you from experience that each time you read the Bible, front to back, you will see something new and you'll better understand the double meaning in many of the verses. I would also recommend that while reading the Bible, you use a source like Bible Hub's interlinears. The interlinears will give you the original wording and how the various meanings relate to various verses. Hebrew reads right to left, so it can take a few runs to understand the sentence structure. Look up the words, how they are used, and does it make sense how your Bible has translated the meaning? I say this because there are times when I am doing this comparison and the translation does not make sense (i.e. the meaning gets changed ever so slightly from what is deemed the original text).

When you start the process of decoding POTUS tweets/Q Posts, there are multiple layers to the messages being provided. Combined, they will take you down multiple layers of rabbit holes--and when you search out one you'll find many more that are connected to the one you are researching. The Research boards are a wealth of information from Anons around the world who are on their mission to dig deep and find the answers. To be warned, it is not a place for the faint of heart or skin of glass. You'll get some great leads from the KEK Squad, and you'll get some not-so-great pics from the shills. Lurk to learn.

My personal favorites:

SB2 (serialbrain2-reddit) is a great place to start - he is excellent at walking you through his decode methodology of POTUS/Q Decodes. Praying Medic is a great person to follow on Twitter, as is Lisa Mei. General Flynn's twitter I like to check in on from time to time because he changes his background images--which have meaning. A couple weeks ago it was the Flynn family crest of loyalty... a couple days ago when I checked in it was an image of the bright sun breaking through the clouds of darkness. Billy Joyce (you tube) provides the Canadian perspective -- an excellent source for what's going on in Canada with regards to the DS. Dr Mumbi (you tube) gives you an interesting African perspective of that continent's events---particularly Kenya, but Africa in general--and how the world news relates to Africa in particular.

For Deep State clues:

S8tan (twitter) has mostly typical "God is bad, Evil is good" type messages, but once in a while you'll see something on there that provides an interesting clue: EX-one time I was lurking and there was a message about Tik Tok being cancelled with a video of a young girl attached to the msg (I have no idea what the video was about as I did not view it--it was enough to know that the girl looked underage). Knowing that the DS loves their trafficking trains, it doesn't take long to figure out that they cancelled one of their little parties. Also it is important to understand that it is the DS group at high levels who run that particular feed, which makes it all the more disturbing.

Comey, Brennan, HRC twitter feeds are always an interesting read for clues as they very openly have called for violence against Trump and his supporters. Their messages are coded, as well, so once you have learned to read between the lines, you will understand the message they are sending to their operatives. Also listen to Anderson Cooper's nonsense - he is a big DS Operative and you can garner clues from his rants as they are directed at the Q Team + POTUS.

Other things to keep in mind:

Q Team has told us this: Punctuation is important. Spelling is important. Timestamps are important. Deltas are important. It is through a combination of these that you'll find the clues you need to decode the messages sent.

As you read through the various feeds that you like best, it is important to understand that not everyone will be red-pilled. Q Team estimates 4-6% will never see the light. They (those in the dark) are there to break you down, not build you up. As the Lord states multiple times in the OT: Their eyes are closed and their ears will not hear so that they cannot repent and find favor again in the Lord, for the Lord seeks to destroy them. These opposers might be your BFF, your family, your co-worker, but they are all around. If you want to red-pill them, do it gently, pique their interest with questions about connections you have made. EX: In one of my decodes (I'll go into it another time) I was brought to the plane crash in Anahuac TX. Through this I found a connection to Jack Dorsey and his weekly cash-outs on Wednesdays of 135035 shares of stock in Square (his own payment system, which he recently added bitcoin option to). As of the end of Feb, he has cashed out approx $60M between Dec 12 and Feb's end. You can use this information to pique their interest--make the connection, then back-track and explain how you obtained that info (since it isn't on CNN). Start a weekly research topic on FB/Twitter/whatever your social media of choice is. You can't force people to see what you see--you have to get them to do the research and discover for themselves that the world is not what is portrayed on TV--that TV is purely entertainment, a distraction from the truth.

As the Jesus told his Disciples: In order to gain entry to heaven you must be like a child. He does not mean that only children will enter, but you need to be like a child--constantly seeking out truth/knowledge through asking of questions. (Parents, you all know what I'm talking about!) When we stop asking questions, when we stop seeking knowledge, evil finds a way into our heart and mind. It is then that we become complacent and obedient--zombie-like...exactly how the DS wants us to be.

May your journey to truth be filled with wonder!


New Crypto.com Visa Card to Gift Free Netflix and Spotify Subscriptions - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/new-crypto-com-visa-card-to-gift-free-netflix-and-spotify-subscriptions/

After Denying Crypto Space Activity in 2018, Barclays Continues Crypto Trading and Custody Pursuit - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/after-denying-crypto-space-activity-in-2018-barclays-continues-crypto-trading-and-custody-pursuit/

The Positive Outcome Of Bitcoin Lightning Torch Triggers An Influx Of Altcoin Imitations - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/the-positive-outcome-of-bitcoin-lightning-torch-triggers-an-influx-of-altcoin-imitations/

BEWARE!!!! Nuvoo is refusing to payout mined BTC

TDLR: Found out that my contract was paused, asked to have my BTC and told they don't have the ability to transfer it yet. BEWARE!!! Below is the transcript with the person on their chat.

Karine G.

Tue, 03/12/19 08:14:37 am

hello , if you need help , just let me know .

Me

08:14:50 am

Hi Karine, why did my mining contract stop

Karine G.

08:15:04 am

Give me a moment

Me

08:15:25 am

I purchased a lifetime contract and if you are going to stop it I with to gather a refund as a breach of contract

Karine G.

08:15:37 am

The contract is open-ended.

determined by three factors: difficulty of operation, Bitcoin exchange rates against USD and maintenance costs (which includes all electricity, cooling, development and maintenance costs). We can not control the first two factors that are unpredictable,

https://nuvoo.io/fr/faqs/The specific duration of a contract of indefinite duration is variable and determined by three factors: the difficulty of the exploitation, the Bitcoin exchange rates against USD and the maintenance costs of 0.00021 $ / 1gh / s of the pool 1 to 24 (This includes all costs for electricity, cooling, development and maintenance). We can not control the first two factors that are unpredictable, but we always deploy the latest mining technology, and do our best to keep them running at their peak for you. In the event that a contract becomes unprofitable (ie, the payment can not cover maintenance costs), the resulting daily payment will be nil. After that, the contract will continue for 21 days. This means that we will take care of maintenance costs in the hope that your contract becomes profitable again. This can occur if the mining network difficulty decreases and / or the Bitcoin price increases. If the contract does not return to profitability during this period, it will be completed because the extraction machines consume resources (electricity, air conditioning, accommodation, maintenance, etc.) that can not be paid with their generated payments.Malgres waiting more than 21 days your contract is not profitable income. An option will be added soon for a manual removal of your accumulated BTC. If you have questions or if you need immediate assistance, do not hesitate to contact us by chat or send us a ticket. Remaining at your disposal,

Me

08:17:55 am

Per the contract it stated that I would be notified prior to the closure of the contract. That I was not provided

Karine G.

08:18:00 am

It's ison the contract and on the terms and conditions on our website

Me

08:18:00 am

hence the breach of contract

and now you're telling me that I am unable to remove the BTC that has been mined by my contract

so you're holding it hostage?

Karine G.

08:18:58 am

At this time we work on the function for withdraw your accumulated the btc

Me

08:19:13 am

So you're holding it hostage

thats theft

Karine G.

08:19:24 am

No We work on the function for you

For all customer.

The programmers work on this.

Me

08:19:39 am

If I cant remove it now, its theft

you're holding my BTC hostage

Karine G.

08:19:51 am

You will be able to withdraw when the function will be ready

Me

08:20:08 am

I dont care that the programmers are working on it the fact that I cannot withdrawl is also a breach of contract

Karine G.

08:20:10 am

Sir The programmers work on the function

Me

08:20:21 am

That BTC is not yours

do you not understand that

Karine G.

08:20:36 am

As long the function is not ready we cannot active this

Me

08:20:39 am

its is mine and if you dont give me something that is mine, its called theft

Karine G.

08:21:01 am

Sir As I explain you, We worked on the function for you withdraw your BTC.

Me

08:21:03 am

that definition is defined in all countries of the world

Karine G.

08:21:18 am

When the function will be ready you will be able to withdraw

Me

08:21:23 am

the fact that the function is not available now is theft

the fact I wasnt notified of the closure of my countract is a breach of contract

do you not understand how bad this would look in front of a Canadian judge

Karine G.

08:22:19 am

I understand sir but I can't faster the programmer because I'm not a programmer.

So When the function will be work you will be able to withdraw your btc

Me

08:23:22 am

The fact that my contract was closed in december and its now march and this is the first I have found out about this is unacceptable

I have been left thinking it was still mining that whole time.

Karine G.

08:23:41 am

Is on the contract and the terms and conditions

For the explain of the open-ended

Me

08:24:01 am

I understand that but the contract also says that you would notify me of the discontinuation of the contract

which you didnt

Karine G.

08:24:49 am

And you don't go on your account before that? I don't know why you don't received an email.

Can I help you with anything else?

And your contract is not ended, Ison standby for the market we analyse the market

Me

08:29:04 am

My contract states "The Customer shall receive Mined Parts in accordance with the Mining Power contracted and the applicable Fees"

Thats directly from your contact

Karine G.

08:29:19 am

As I explain you

We work a function to withdraw your BTC.

Me

08:29:44 am

by my inability to remove my parts, you are in violation of our mutually agreed contract

Karine G.

08:29:49 am

I don't have any date for activated the function

Me

08:30:16 am

"we work a function to withdraw your btc" isnt proper english

I don't care that you "people" are working on it

its in clear violation of my contract

Karine G.

08:31:25 am

We are working on the withdrawal function for your accumulated BTCs. As long as the function is not ready we can not withdraw. Programmers are working on it right now.

If isn't ready I can't make more faster sorry about that and I understand your feeling.

Yes in the bank if I deposit a check the bank can make a freeze on the check And I'll not have all the money

Me

08:32:49 am

So imagine this, you go to the bank and ask the bank to withdraw money from your account and the bank teller tells you, "sorry we dont have a function to withdraw your money."

Karine G.

08:33:26 am

Sir I explain you many times and is the message I received by the Senior. I can't tell you anything else. I have this information. I'm a agent not a senior or supervisor

I already deposited a check and all the money was frozen

Me

08:34:27 am

Difference is in the blockchain its already been verified

Karine G.

08:34:43 am

Okay sir I just have this information

Me

08:34:51 am

And not my concern is if you shudder as a company, my money is gone

Karine G.

08:35:01 am

So I can't tell you more information. Because I don't have any other information

Me

08:35:16 am

So here's what you are going to do, you're going to transfer my BTC to my wallet.

Why, because its already been confirmed by the blockchain as having occured

Karine G.

08:35:57 am

When the function will be ready we will send you your btc

Me

08:36:36 am

By the fact that you are hiding from that makes it appear to me that this is a ponzy scheme

Karine G.

08:36:53 am

Sir I don't have any other information i can give you I don'T have it

Can I help you with anything else?

Me

08:37:07 am

And now with the siginificant drop in BTC price, you dont have the BTC sitting there that you "mined"

Yes you can get me someone who will transfer my bitcoin

Karine G.

08:37:28 am

Sir I repeat

The programmer work on the function to deposit your BTC

Come back to us if you have more question, feel free to leave a comment and note our CHAT service. Good bye.


[Daily Discussion] Tuesday, March 12, 2019

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Life in 2050 – Bitcoin dominates a climate neutral world, but we paid a price...

Today is 12 March 2050. Today is my birthday. I’m now 67 years old. My alarm clock goes off at 06:30. With a groan I wake up, and reluctantly kick away the warm, heavy bed sheets. I put my feet in the cold slippers below the bed, and shuffle to the kitchen, yawning. I pour myself a cup of hot surrogate chicory coffee. The cool morning makes me shiver, it looks like winters are getting colder each year. We heat up the house as little as possible. We're too greedy to enjoy comfort.

The bitter taste of the chicory makes me grimace, as it does every morning. Sitting at the table, I enjoy the first rays of sunshine that fall on my weather-beaten face. Our house comes alive with noises: on the upper floors I hear laughter and kids running around. My two sons descend from the stairs. The oldest checks the status of our solar panels on one of our computers. My youngest son looks at another screen, to check the status of our farmbots.

Musing about how things used to be, I look at my sons. When I see them, my heart fills up with pride, but also with compassion. They’ll never know the comfortable life that I led up to my 36 years. Yes, the world is climate neutral now, but we paid a price for it.

The big change started in 2019, with two unfortunate events that happened together: the Brexit, and the impeachment of Donald Trump. But the first seeds of the destruction of our society had been sown a lot earlier, in 2009.

Brexit happened on 29 March 2019, and gave cause for great political tensions within the UK. The classical parties where torn apart or became irrelevant. After a series of chaotic elections and re-elections, the extreme right-wing party Norsefire came to power. The country went into a dark and deep recession, but this gave Norsefire only more power and control over the citizen’s daily life.

In October 2019 came the other scandal: Donald Trump, the president of the United States, had already been executing for 3 years secret orders from his Russian counterpart, Vladimir Putin. Apparently Putin had been blackmailing him with a “golden shower” movie, in which Trump played a not very presidential role. The impeachment procedure was concluded in less than 24 hours after the start of the scandal. The next day came the well-known effect: a Wall Street crash of epic proportions.

The fall of the Dow Jones also made the stock markets in Europe, London and Japan tremble and shake. In London the bank Barclays went bankrupt. Millions of UK citizens suddenly couldn’t reach the pounds on their savings accounts anymore. However complicated the explanation given by economists was, the simple fact remained: the money was gone. Of course, bloody riots ensued. Politicians were slaughtered in horrible ways. A bitter-comical news item I remember from those times, is the story of David Cameron asking political asylum in Cuba, where he was on vacation. (The demand was denied and he was deported to the UK).

In the midst of these turbulent times, a monster reared its head from the darkest depths of the internet. Bitcoin.

In their fearful search for certainty, the British converted their remaining Pounds in Bitcoin. Soon their entire society ran on a black circuit of Bitcoin. The British Pound wasn’t worth a penny anymore. The value of Bitcoin however, rose to unseen heights. And that did not pass unnoticed in the rest of the world.

To save the paralyzed economies of Europe and the United States, the policy makers only saw one cure: inject massive amounts of money in the economy. However, this only drove the value of the Dollar and Euro downwards, and the good savers finally followed the panic investors, into the ever-growing mighty tentacles of Bitcoin. The network had by then been declared illegal, but this had no effect.

Life in a society with a deflating currency is strange, if you look at it with eyes of 2019. First of all, you will try to avoid spending money as much as possible. Why buy a coffee today, if you can buy two tomorrow? This reasoning caused a global shrinkage of the economy. Investments where postponed. Vital items, such as fruit, vegetables, bread, medicines, rose in price. Superfluous items remain unsold. Factories producing those closed. Hundreds of millions of people lost their job. And for the first time in centuries, the amount of CO2 in the atmosphere diminished.

A second effect of this unregulated currency is that nobody payed taxes anymore. The government became poor.

This made our society evolve to an ultra-liberal society. The right of strongest, richest or luckiest ruled. National and international laws where of no significance anymore. Citizens organized themselves via the internet, and local groups took over the tasks of the failing government. Carrying arms is now taken for granted. Justice is no longer done in a court of law, but in online forums, where the majority votes for the verdict and the punishment.

Together with the failure of the government, came the failure of the energy grid. People switched over to local production, and storage of energy. First with diesel generators, but soon with solar panels and batteries. Even though the price of oil was extremely low because of the global recession, still people preferred to buy solar panels. They pay back their value, whereas the value of a gallon of diesel – once it’s burned – is gone forever.

The discussion on nuclear power, which had been very actual only years before, became a joke. How could a failing government ever find the necessary funds to build new nuclear plants?

In the meantime I have, as most people, retrained myself to farmer. It’s not a heavy job, robots do most of the work. But it’s also no luxurious. We mainly eat bread, vegetables and fruit. We only eat meat once a year. The slaughtering of the sheep is always a festive occasion.

I have accepted this existence now, and can also see the pretty side of it. There are no more superpowers, waging war. They simply do not have the money to buy bombs. The gap between rich and poor is closing, albeit very slowly. A poor man must simply save harder and spend less than a rich man. Since the money is gaining in value, this strategy works, although it will take many generations.

My son’s generation was too young to see the decline of our society as something abnormal. They are optimistic and strong, and look for creative solutions to the problems of these times. Health care is extremely expensive. Insurances no longer exist. If you’re seriously ill, you’ve got bad luck.

It’s especially the millennials, people who are born around the year 2000, that are unhappy in today's society. They remember a youth full of opportunities and dreams, that have all vanished now. Weekend trips to Barcelona or New York are a distant dream today.

I often discuss with my wife if things could have been different. She thinks: yes, if the Brexit and Trump-scandals hadn’t happened. I see things differently. The seeds of the decline had been sown long before. The fall of our society was inevitable.

I wake up from my reveries, and join my sons. We’re going to check our farmbots. Each armed with a rifle, we get on our bikes. I put in the headphones of an mp3-player, a small luxury I permit myself. A song from a long time ago, the Rolling Stones.

“You can't always get what you want, but if you try sometimes, you might find… You get what you need.”