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Hey guys,
I’ve been contemplating utilizing the remaining 500GB of data I don’t use in my monthly plan by running a Bitcoin full node. However, as I’m not code savvy, I’ve been procrastinating.
I’m thinking of going for it by purchasing a Raspberry Pi kit and 1TB external HDD but am looking for a ‘friendly’ guide to help.
Can anyone recommend a user friendly guide to setting up a Bitcoin full node with a Raspberry Pi? Or even if it’s possible for someone to set up and maintain who isn’t fluent in code?
Thanks!
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Warning this market which is at the top of Augurs market listings at the moment is invalid. Do not trade this market. The Expiry Date (Event Ends & Reporting Starts) is before midnight on the last day of April. To be valid it should be AFTER midnight on the last day of April.
📉 Bitcoin Price at End of April 📈 is invalid.
Also its been said before here but this market which is also near the top of market listing is also invalid for the same reason: expires too early.
📉 Ethereum Price at End of April 📈 is invalid.
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This thread is for any events going on in Des Moines this week! What events will you be attending? What events do you want to attend? What events do you want to promote? Whats new around Des Moines this week? Add a comment below.
Please provide the following when posting new events: - Time, Date, Location, Cost and some sort of description of the event.
New threads start every Sunday, and will be stickied at the top of the subreddit.
Here are some places to find things to do: Cityview's Calendar - Juice's Calendar - Des Moines Register Event Page - Catch Des Moines Calendar
If you have any recurring events, specials, or other suggestions for this weekly thread, please send us a modmail
THANKS FOR HELPING US CROWDSOURCE THIS
Trivia Nights:
First Monday of the month is Mona's Pub Quiz at The Lift
Benchwarmers in Ankeny on Mondays
Tuesdays at Blue Moon in WDM - starts at 8
Wednesdays at Fireside Grille in Altoona -starts at 8
Trivia Thursdays at The Ingersoll Tap.
Tuesdays at Quinton's
Gas Lamp has triva on Tuesday
Tuesdays at Basement Bar at Des Moines Social Club
There's trivia at The Beer House in Urbandale on Wednesdays, 7pm. Also at F&O's on Fridays, 9pm
Tuesdays at Wellman's Ingersoll
Geeks Who Drink at Red Monk is actually trivia. They do have specials, but the main event is trivia.
Wellmans Pub on Ingersoll has trivia Tuesday night at 8
Trivia at Thunder Head in Ankeny every Tuesday
Trivia at the Keg Stand, Thursday nights (I think it starts at 8:30?)
Hi, I'm the owner of Mad Meatball Pizzeria & Pub, located at 401 SE 5th St in Des Moines. We have Trivia every Wednesday at 7:30pm. The Special for the Trivia AYCE Wings for $10 from 7-10pm and $1 off all craft and import beer.
Drink Specials:
2 for Tuesdays @ the Flying Moose every Tuesday all night (Also, 2 fers every day until 8pm)
Beechwood has 2 for 1 on tuesdays.
Tuesday night is dollar domestic bottles at Streetcar 209
Quintons: Thursday Half off all drinks
Quarter beers at both Flying Moose and Mickey's Clive on Weds
Wednesday is geeks who drink at the red monk
Lift has $3 draws on Thursday
First Wednesday of every month there is a bottle share at 515 Brewing @ 6
Wacky Wednesdays at Hero's on Court Ave are 2 for 1's all night each week
Sunday nights at Lime at Lime Lounge in the East Village has live Hip Hop acts and DJs, no cover, 2 for $5 wells, 2 for $10 martinis and mojitos, 3 for $7 lime drop shots, and a $1 well drink power hour
Weekly Open Mic night:
Gas Lamp now does karaoke on Tuesdays (with a live band for you to sing with!).
Tuesday night comedy open mic at Lefty's Live Music at 8pm.
open mic every Tuesday at Luckys at 8.
Friday night at the Beechwood is free stand-up comedy.
Acoustic music open mic at AJ's on East Court, Sundays at 4pm
Free Killer Queen at Up-Down every Thursday!
There is trivia at The Ducktail Lounge on Sunday’s.
Other Ongoing Events:
Blues Jam Band every Tuesday at Carl's Place, $3 tallboys
Des Moines Bitcoin and Blockchain MeetUp at Gravitate in West Des Moines - 2nd and 4th Thursdays of each month (eg Oct 25th) at 7:00pm
If any of these are no longer current or you would like to add something, please ping /u/annarchist to update this thread otherwise I may miss it.
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---
The end of the tax season is quickly approaching, and this will be the last entry in our current podcast series (don't worry, we've got a new cryptocurrency series coming soon!). This podcast was created to answer and explore some of the complex questions surrounding cryptocurrency taxation. For the final entry in our Cryptocurrency Taxation Podcast series, we are answering questions, from customers, about using Bitcoin.Tax. Colin Mackie, CEO & Founder of Bitcoin.Tax, is with us today to help answer these questions, and to talk about some of the upcoming features of our software.
Colin created Bitcoin.Tax in 2013 to solve a problem for himself, and for the cryptocurrency community. Since then, Bitcoin.Tax has expanded rapidly, continues to grow, and improving to suit the needs of our customers.
Questions & Answers
[For the full answer, navigate to the portion of the podcast as indicated by the timestamp next to the question]
Q: What information goes in the Spending Tab? If I didn't make any purchases using crypto, do I still need to import my exchange data into the Spending Tab? [02:12]
A: Any non-trade where you are spending crypto to purchases goods (e.g., a gift card) or paying for services (e.g., paying for food delivery). Tips and donations are also entered in the Spending Tab, and can be categorized as such.
Q: How do I report lost or stolen crypto? Will this count as a loss? [04:25]
A: Lost and stolen crypto can be added to the Spending Tab. This will remove the cost basis of that lost/stolen crypto, but the fiat worth of the crypto will not be deducted from your capital gains.
Q: How do I report coins that are at zero (worth zero now)? [07:25]
A: Some zero-worth coins can be added to the Trading Tab as a zero-sale. However, this is a highly situational situation - always consult with a tax professional to assess what should be done about zero-worth coins.
Q: When do I use your Standard CSV? [08:42]
A: When you are trying to add data from an exchange or wallet that is not inherently supported by the system.
Q: If I transfer a coin from a wallet (whether it be purchased with fiat on Coinbase or mined) to another exchange and then sell it on this exchange, I will end up with an unmatched transaction. How do I reconcile it? Where do I enter this data in your software? [10:49]
A: This will not result in an unmatched trade, as long as you enter the source information showing the coin's acquisition as well as the data showing where/when/how it was disposed of. If the coin was purchased on Coinbase, transferred to a wallet, transferred to another exchange, and then sold on that exchange, you would only need to import your Coinbase data and import the data from the exchange that the coin was sold on. If the coin was mined, the mining income would need to be added to the Income Tab.
Q: What is the most common reason for an unmatched trade? [13:05]
A: The most common reason is a lack of data. Other common reasons include incorrectly entered data, incorrect times and dates, timezone errors, missing fork/income data, and one coin using multiple symbols.
Q: When is the appropriate time to use the "address" function? [24:05]
A: The address function is meant to pick up data that you aren't able to import any other way.
Q: Where do you get the price for crypto from? [25:20]
A: Prices typically come from the exchanges itself, when data is imported. If the software needs to do a price check for an asset, we use our own pricing data (going back to 2010) from various exchanges and sources. We use a weighted daily average from these sources.
Q: Why does Turbotax Online have a 250 line limit? [27:24]
A: We can't speak for TurboTax Online, but this is likely a limit set in place to ensure that their users can upload their data without an issue. TurboTax suggests aggregating the data, and so we offer aggregation options in response to this limit.
Q: I only ever invested 5,000 dollars, why does my report show a cost basis and proceeds in the hundreds of thousands?[31:35]
A: 1099-K forms, from exchanges, typically only show proceeds. Any time you sell or trade a coin, your proceeds go up by the fair market value of that coin, even if you traded the coin at a loss. It's important to remember that proceeds are not an indication of how much money you've profited trading cryptocurrency. The important figure, and the one that is taxed, is the capital gains (proceeds - cost basis).
Q: If I need a larger plan than I originally paid for, do I have to pay the whole price of the new plan? [34:30]
A: No. You only have to pay the difference between the plan you currently have and the plan you want to upgrade to. This can be done by going to Account -> Plan.
Q: I bought and held some crypto back in 2016 and 2017, but didn't sell them until 2018. Do I need to buy plans for all those years? [35:27]
A: It depends on if you need to report your taxes for 2016 and 2017. If yes, then you will need to purchase the plans for 2016 and 2017 in order to export the reports. If not, and you only bought crypto with fiat in those years, you can enter the data into 2016 and 2017 for free. You would also have to purchase 2016 and 2017 (as well as any year) if you did trade crypto for other crypto. All trading data from every year needs to be imported to properly calculate your gains.
Q: How do I account for forks? [37:45]
A: Forks can be added to the Income Tab. If the forked coin has a fair market value at the time of the acquisition, you can enter that value as income. If it does not, you can enter it as a zero-cost acquisition. Entering a fork as zero-cost is essentially deferring the tax on it until it is traded, in which case, you will incur the full amount of the proceeds as a capital gain.
Q: I bought some crypto back in 2017 but never withdrew any money, just traded some other alt-coins. Do I need to report anything? [39:53]
A: Buying crypto for fiat is not a taxable transaction, in itself. Once that crypto is disposed of for fiat, for another crypto, or for goods or services, then a taxable event occurs. If you only bought crypto for fiat, you do not need to report this, but you will need to keep the records of these purchases so that you have a cost basis when you do dispose of the crypto.
Q: Bittrex recently announced that they are closing down in New York state? Do I need to do anything? [42:20]
A: Download and export your data from them ASAP. In addition, it's always a good idea to consistently back up your trading records from all exchanges, in case they close down or you lose access.
Q: What are some of the new features coming to Bitcoin.Tax? [44:28]
A: Enhanced accuracy on coin pricing (from daily average to hourly average), new exchanges being supported, new CPA version (white-labeling), and calculations of maximum values on foreign exchanges for FATCA/FBAR reporting.
---
We hope that we've been able to answer some of the frequently asked questions from our customers. As always, if you need a hand, or have any questions, you can reach out to our excellent support team by visiting https://bitcoin.tax/support. Be sure to check out our regularly-updated Knowledge Base for even more answers to your questions.
Stay tuned for our next podcast series, where we will be interviewing key experts and businesses in the cryptocurrency space!
If you would like to request a topic for an interview, or have any questions related to this podcast, be sure to reach out to us at [podcast@bitcoin.tax](mailto:podcast@bitcoin.tax).
Disclosure: I work for BitcoinTaxes, and I host this podcast! This is the last entry in our crypto taxation podcast series, and I interviewed the founder of BitcoinTaxes. We answered questions from Reddit, Facebook, & Twitter about using our service to calculate crypto capital gains. I've posted our podcasts to this community in the past, and they seem fairly well-received. I've added timestamps to each question, in case you are rushing on your taxes and don't have time to listen to the whole thing. Any other questions, feel free to PM me. Going to be working overtime today and tomorrow helping people finish their crypto calculations!
TLDR; Q&A about using Bitcoin.Tax, a cryptocurrency capital gains calculation service.
---
The end of the tax season is quickly approaching, and this will be the last entry in our current podcast series (don't worry, we've got a new cryptocurrency series coming soon!). This podcast was created to answer and explore some of the complex questions surrounding cryptocurrency taxation. For the final entry in our Cryptocurrency Taxation Podcast series, we are answering questions, from customers, about using Bitcoin.Tax. Colin Mackie, CEO & Founder of Bitcoin.Tax, is with us today to help answer these questions, and to talk about some of the upcoming features of our software.
Colin created Bitcoin.Tax in 2013 to solve a problem for himself, and for the cryptocurrency community. Since then, Bitcoin.Tax has expanded rapidly, continues to grow, and improving to suit the needs of our customers.
Questions & Answers
[For the full answer, navigate to the portion of the podcast as indicated by the timestamp next to the question]
Q: What information goes in the Spending Tab? If I didn't make any purchases using crypto, do I still need to import my exchange data into the Spending Tab? [02:12]
A: Any non-trade where you are spending crypto to purchases goods (e.g., a gift card) or paying for services (e.g., paying for food delivery). Tips and donations are also entered in the Spending Tab, and can be categorized as such.
Q: How do I report lost or stolen crypto? Will this count as a loss? [04:25]
A: Lost and stolen crypto can be added to the Spending Tab. This will remove the cost basis of that lost/stolen crypto, but the fiat worth of the crypto will not be deducted from your capital gains.
Q: How do I report coins that are at zero (worth zero now)? [07:25]
A: Some zero-worth coins can be added to the Trading Tab as a zero-sale. However, this is a highly situational situation - always consult with a tax professional to assess what should be done about zero-worth coins.
Q: When do I use your Standard CSV? [08:42]
A: When you are trying to add data from an exchange or wallet that is not inherently supported by the system.
Q: If I transfer a coin from a wallet (whether it be purchased with fiat on Coinbase or mined) to another exchange and then sell it on this exchange, I will end up with an unmatched transaction. How do I reconcile it? Where do I enter this data in your software? [10:49]
A: This will not result in an unmatched trade, as long as you enter the source information showing the coin's acquisition as well as the data showing where/when/how it was disposed of. If the coin was purchased on Coinbase, transferred to a wallet, transferred to another exchange, and then sold on that exchange, you would only need to import your Coinbase data and import the data from the exchange that the coin was sold on. If the coin was mined, the mining income would need to be added to the Income Tab.
Q: What is the most common reason for an unmatched trade? [13:05]
A: The most common reason is a lack of data. Other common reasons include incorrectly entered data, incorrect times and dates, timezone errors, missing fork/income data, and one coin using multiple symbols.
Q: When is the appropriate time to use the "address" function? [24:05]
A: The address function is meant to pick up data that you aren't able to import any other way.
Q: Where do you get the price for crypto from? [25:20]
A: Prices typically come from the exchanges itself, when data is imported. If the software needs to do a price check for an asset, we use our own pricing data (going back to 2010) from various exchanges and sources. We use a weighted daily average from these sources.
Q: Why does Turbotax Online have a 250 line limit? [27:24]
A: We can't speak for TurboTax Online, but this is likely a limit set in place to ensure that their users can upload their data without an issue. TurboTax suggests aggregating the data, and so we offer aggregation options in response to this limit.
Q: I only ever invested 5,000 dollars, why does my report show a cost basis and proceeds in the hundreds of thousands?[31:35]
A: 1099-K forms, from exchanges, typically only show proceeds. Any time you sell or trade a coin, your proceeds go up by the fair market value of that coin, even if you traded the coin at a loss. It's important to remember that proceeds are not an indication of how much money you've profited trading cryptocurrency. The important figure, and the one that is taxed, is the capital gains (proceeds - cost basis).
Q: If I need a larger plan than I originally paid for, do I have to pay the whole price of the new plan? [34:30]
A: No. You only have to pay the difference between the plan you currently have and the plan you want to upgrade to. This can be done by going to Account -> Plan.
Q: I bought and held some crypto back in 2016 and 2017, but didn't sell them until 2018. Do I need to buy plans for all those years? [35:27]
A: It depends on if you need to report your taxes for 2016 and 2017. If yes, then you will need to purchase the plans for 2016 and 2017 in order to export the reports. If not, and you only bought crypto with fiat in those years, you can enter the data into 2016 and 2017 for free. You would also have to purchase 2016 and 2017 (as well as any year) if you did trade crypto for other crypto. All trading data from every year needs to be imported to properly calculate your gains.
Q: How do I account for forks? [37:45]
A: Forks can be added to the Income Tab. If the forked coin has a fair market value at the time of the acquisition, you can enter that value as income. If it does not, you can enter it as a zero-cost acquisition. Entering a fork as zero-cost is essentially deferring the tax on it until it is traded, in which case, you will incur the full amount of the proceeds as a capital gain.
Q: I bought some crypto back in 2017 but never withdrew any money, just traded some other alt-coins. Do I need to report anything? [39:53]
A: Buying crypto for fiat is not a taxable transaction, in itself. Once that crypto is disposed of for fiat, for another crypto, or for goods or services, then a taxable event occurs. If you only bought crypto for fiat, you do not need to report this, but you will need to keep the records of these purchases so that you have a cost basis when you do dispose of the crypto.
Q: Bittrex recently announced that they are closing down in New York state? Do I need to do anything? [42:20]
A: Download and export your data from them ASAP. In addition, it's always a good idea to consistently back up your trading records from all exchanges, in case they close down or you lose access.
Q: What are some of the new features coming to Bitcoin.Tax? [44:28]
A: Enhanced accuracy on coin pricing (from daily average to hourly average), new exchanges being supported, new CPA version (white-labeling), and calculations of maximum values on foreign exchanges for FATCA/FBAR reporting.
---
We hope that we've been able to answer some of the frequently asked questions from our customers. As always, if you need a hand, or have any questions, you can reach out to our excellent support team by visiting https://bitcoin.tax/support. Be sure to check out our regularly-updated Knowledge Base for even more answers to your questions.
Stay tuned for our next podcast series, where we will be interviewing key experts and businesses in the cryptocurrency space! If interested, shoot me a PM!
Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
The following post by AutoModerator 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/ BitcoinMarkets/comments/bcz1mq
The original post's content was as follows:
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Thread guidelines:
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- Do not make posts outside of the daily thread for the topics mentioned above.
Other ways to interact:
- Get an invite to live chat on our Slack group
- Set your flair to trade pretend money in the Flair Game
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i followed this guide: https://github.com/spesmilo/electrum-docs/blob/master/tails.rst#using-the-most-current-electrum-on-tails
I was able to get tails 3.3.4 to launch, but I didn’t have to input the seed to rebuild the wallet like the guide said I would have to, it was already loaded. I tried sending bitcoin and it’s stuck in unconfirmed.
Any solutions?
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High quality service at a great price. 5 concurrent connections at the same time with only 1 subscription. Any combination of MAC and M3u type devices.
Our APK allows users to manage their own MAC addresses as well as categories that you see during play.
Works on almost all devices from IOS, Android, Windows, MACs.
For the sports fanatics out there our MatchCenter section is going to be your home. Nicely organized section in our apk and website where you can easily see all the sporting events in one central location. Within our website MatchCenter allows you to watch up to 4 games at once.
Activation can be done within 15mins of payment being received. No waiting 24 hours for your email to get processed.
Prices are quoted in Canadian dollars.
Payment Options......
For customers service I normally reply within the hour.
Trials are available but are NO LONGER FREE. Too many people where abusing them. Trials will now be $3 and are good for 1 day. If you go with a sub, the charge will be deducted from the total amount.
Referral program, for every 2 people you refer, your monthly subscription price will be $1 less. No limit to that so if you refer enough your subscription will be free.
Any questions please feel free to msg me.
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https://i.redd.it/rgr5ddo5h8s21.png
Blockchain may have gained notoriety as the technology that provides the infrastructure for Bitcoin, but it’s playing a bigger role in business, including small and midsize businesses (SMBs).
This revolutionary technology has become increasingly popular among businesses, which are resulting in a major demand for blockchain-related services. Many large corporations, even small businesses, are adopting blockchain to integrate into their businesses. Blockchain can be used in many technology-based applications such as payment services, smart contracts, documentation, digital identity, supply management chains and others. According to data compiled by Meticulous Research, the global blockchain market is projected to reach USD 28.24 Billion by 2025. Let me take you on a ride into a revolutionary platform Gemstra the Future Influencer & KOL Economy Blockchain ecosystem that connects Businesses with Influencers & KOLs (key opinion leaders) directly, tokenizing the biggest gig economy of tomorrow.
Gemstra connects Businesses with a growing number of Influencers & Key Opinion Leaders (KOLs) to drive sales. Influencer/KOL Gemstra is a blockchain-enabled ecosystem that allows Businesses to easily build an Influencer/KOL sales channel and allows Influencers & KOLs access to Businesses and Brands.
Gemstra has a decentralized blockchain-integrated ecosystem which liberates today’s social selling economy, with the goal of building a technological protocol for social selling that opens the industry to everyone in retail. Our mission is to make social selling accessible and awesome for everyone. The Gemstra ecosystem will establish a commonwealth for social selling by providing a technology that fairly distributes power to the appropriate actors of the model.
With the use of ASTRA Platform and GEMS Token, Gemstra is constructing a token economic system with its own blockchain-integrated ecosystem. Gemstra intends to unlock social promoting to all the retail market with its token system.
Gemstra also provides a technological infrastructure with the Astra Platform; it goes to retailers and brands as a way to integrate and build their social selling channel. They give a leverage blockchain with knowledge placed within the fingers of sellers.
Providing this service would allow what in the Gemstra ecosystem are referred as “retailers” and types from the $24 trillion international retail economic system a way to affix social promoting.
With the open software supplied by Gemstra and an SDK, they will be able to combine them with the ASTRA platform, and use the GEMS Token as ASTRA’s default trade of worth.
This GEMS Token will be used for every move involved with payments. It would also be used for commission, rewards and, general governance of the ASTRA Platform.
Mission
Our mission is to make Influencer & KOL Commerce accessible and awesome for everyone
Businesses Can’t Connect with Influencers & KOLs Directly.
No good Systems
Since the model of Influencer/KOL Commerce has evolved and grown so quickly, there is no default system that allows Businesses to engage Influencers/KOLs and quantify success. Businesses and Brands have to scour social media and estimate best guess on who to engage.
Micro Influencers/ KOL's are left out
The majority of Influencers/KOLs have smaller but differentiated following. Businesses don’t see these micro influencers so there is untapped opportunity waiting to be unleashed.
Influencers/KOLs face low mobility and risks
They currently have no way to track their performance, quantify their value. Moreover, social media algorithms may change leaving them without a place to do business. They have no tangible asset in terms of customer or transaction data for which they helped a Business generate.
Gemstra revolutionary platform gives businesses a way to connect with influencers/KOLs to drive sales. They have developed an easy-to-use protocol for Businesses to build an Influencer/KOL channel on. We have developed multiple Modules that are publicly accessible in the ecosystem. The ASTRA Infrastructure is a platform for Influencers/KOLs, Businesses, and Brands to transact.
Gemstra's revolutionary platform has presented the idea to decentralizing the marketplace for social selling. They have launched their proof-of-concept social selling marketplace in July 2017 named Boutiques – gives sellers the ability to choose brands and products they want to sell and invites brands from the huge retail industry.
Gemstra is come up with the Blockchain based solution for Social Selling Industry by offering services to Merchants, Brands and Sellers. Astra platform is a blockchain ecosystem which allows sellers to keep customer and network data for which they work hard to generate, merchants to host transactions between multiple brands and sellers. At last brands is offering commission or rewards. GEMS token is used as a utility token to purchase products through any merchants.
Smart contracts power the social selling transaction. Merchants administer the platform by utilizing open source software or integrate existing platform with SDK.ASTRA can host single or multi-level affiliate, custom compensation, and gamification/rewards models depending on action endpoints defined within the contract. In fact, ASTRA can be used to host any affiliate, commission, or gamified reward model – so its application can be used beyond the scope of social selling.
https://i.redd.it/9k34lsd1h8s21.png
ASTRA assigns a wallet to each actor in the social selling economy: Seller, Merchant, and Brand. Each Brand defines custom commission levels per Merchant that it partners with. Brands can define custom gamified rewards for Sellers engaged selling the Brand. The Seller participates in Merchants (can be one or many) based on the compensation plan and which Brands the Merchants carry.
The Seller wallet has governance over data generated by the Seller like customer information and customer transactions. The Merchant orchestrates all transactions between Seller and Brand wallets and acts as the intermediary (Note: BOUTIQUES is a merchant using ASTRA – the first customer). The Customer verifies to the Merchant that the transaction has completed, which approves the endpoint and completes the contract. ASTRA facilitates all transactions and logical flow through a set of smart contracts to govern: Commission, Orders, Users, Rewards, and Genealogy.
The default token that 250+ million influencers & KOLs will use to maintain freedom, earn more value, and grow their equity in the industry.
The GEMS Token (GEMS) is the default value of exchange in Gemstra’s ecosystem. GEMS can be used for any transaction in lieu of fiat on ASTRA Platform. The GEMS token facilitates reduced friction, gamification, and governance for the ASTRA Platform.
Token name: GEMS
Valued at 10,000 GEMS : 1 ETH
Token Supply 2,000,000,000 GEMS
Team Pool 400,000,000 (20%)
4 Year Vesting with 1 Year Cliff
Advisor & Partners Pool 200,000,000 (10%)
6 Months Vesting
Growth Pool 600,000,000 (30%)
For businesses and brands
Sale Pool 800,000,000 (40% Total)
400,000,000 (20% Presale)
Private: 12 Months
Presale: 3 Months
Public: None, vest upon distribution
To purchase GEMS in the presale, register on Cobinhood Exchange ICO Site: https://cobinhood.com/token-offering/
and stay tuned for the presale to start on April 15. Note: Participants at the Cobinhood presale will need to pass Cobinhood's KYC.
Sale: 40%
Project development and marketing: 30%
Project team: 20%
Bounty program and consultants: 10 %
Use of Funds
https://i.redd.it/frkofefxg8s21.png
Seeded with 200 influencers and 2 Brands
Reached 1000 influencers and 4 brands
White paper drafting and deck building.
White paper V1 draft and Raising SEED round
Tokensale App & Dashboard. Merged Boutiques & ICO sites.
KNOWY - Social influence reviews app
Invite early alpha testers to install Knowy via TestFlight
Launch presale of GEMS Token on Cobinhood Exchange (IEO)
End presale and identify strategy for public sale
Put GEMS on first (2) exchanges - previously signed in 2018
Release v1.0 Knowy to public on iOS (Apple devices)
Growth phase of Gemstra Boutiques (Becomes free for Influencers to join)
Growth phase of Brands (Becomes free for Brands to join). Add no more than 20 Brands.
Release beta v0.5 Knowy for Android
Realize the partnerships signed late 2018 for China and SEA (South East Asia). Localize in China and Singapore.
Release v1.0 Knowy to public on Android devices.
Knowy reviews can be published on Merchant sites and paid per impression.
API / SDK platform for Businesses to integrate ASTRA and become their own Merchant (host a platform). Gemstra will make the Boutiques software open source.
Implement governance/staking models to allow voting and permissions (Businesses, Brands, Influencers on Gemstra Boutiques). Foundation level staking to vote on macro strategy.
Useful links;
Website : https://gemstra.com/
Whitepaper : https://docsend.com/view/xvyqq7a
ANN Thread : https://bitcointalk.org/index.php?topic=4713980.0
Facebook : https://m.facebook.com/gemstraofficial
Twitter : https://mobile.twitter.com/gemstraofficial
Telegram : https://t.me/gemstra
Reddit : https://www.reddit.com/r/Gemstra/
Medium: https://medium.com/gemstra
BountyOx Username: Brainerdpaul
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Crypto Wallet Guide
Humans have come a long way from the barter trading (trading goods without using the money) to gold, then later to paper currency and now we have arrived in the age of digital currency.
There are more than 2000 cryptocurrencies in the world with a market capitalization of around $175 billion, it is necessary to know about them. Where these currencies are stored? How does the crypto wallet work? If You are still reading this, it says you are a beginner and want to explore the crypto world.
To understand the crypto concept, first, know about the crypto wallets.
What Is Cryptocurrency Wallet?
A cryptocurrency wallet is a software program used to store, send, receive private and public keys and can be used to track ownership. It enables you to send and receive digital coins through blockchain. Wallets are a necessary factor for investing and owning cryptocurrencies of any sort.
However, Some wallets are built for a single cryptocurrency( bitcoin and coins forked from bitcoin like bitcoin cash), some can be used for more than one coin(multi cryptocurrency wallet), some wallets you’ll manage yourself, and some will be custodial.
What Are Public & Private Keys?
A public key is a unique identifier for a person and a private key is like a password similar to an ATM pin. A sender will require the public key of the receiver to send him the cryptocurrency and the receiver will be able to access and use these cryptocurrencies by using the private key. A private key must be protected in order to avoid fraudulent activities such as hacking, stealing of cryptocurrencies, etc.
A public key can be extracted from a private key, but a private key can never be extracted from a public key.
A private key should always be kept safe. Exposing it would be vulnerable for various hacks and stealing of the coins by with whom you have shared. sending them to another wallet which they control.
Example of a private key: N2nGYRCBbs6ZRs8w5LHam4r85ikxBzhRNgpNJjqk7D5vrpuaVJB
Example of a public key: 958ikZuaAbGkzXuFL9sfGHYj9ethop8qMh
How Does a Cryptocurrency Wallet Work?
Cryptocurrency wallets work like the safety deposit boxes. Unlike traditional pocket wallets, where they don’t store digital currency. The crypto wallets store your private and public keys and interface with multiple blockchains. Thus, users can track their balance, send money and conduct other operations.
Moreover, currencies don’t get stored in any single place. Also, it is advised not to store the cryptocurrencies on the wallet offered by the particular exchange, because the exchange will own your private key. So better you transfer it to your own crypto wallet to have control over the cryptocurrencies owned by you.
A wallet address is the same as a bank account number. Providing your bank account number to other people, as they need it to transfer your funds. For example: This is like your friend transferring you money, so he needs your bank account number.
In the world of cryptocurrency, if anyone wants to transfer you crypto coins, you should provide him with your wallet address. Similar, like in the real world, however, no two wallets can have the same address, which means that there is no risk of your fund being to transfer to others address. Moreover, there is no limit to the 5number of wallet addresses you create.
Different Types of Crypto Wallets
There are multiple types of wallets that provide different ways to store and access your digital currency.
Hot Wallets vs Cold Wallets
you might come across frequently with the terms “hot wallets” and “cold wallets”. All crypto wallets fall under these two types.
In general, whatever is connected to the internet is less secure than something that is not. This is the difference, where “hot” wallets are connected to the internet and “cold” wallets” are not.
Online, desktop and mobile wallets are hot wallets, while hardware and paper wallets are cold wallets.
1). Software Wallet:
There are three forms of software wallets:
Desktop wallets: These are installed on a laptop or a PC, and can be accessed from a single computer. Although they provide high security, if the computer is attacked by the virus, there is a chance of losing your wallet.
Online wallets: These wallets run on the cloud and can be accessed from any device. Here, your keys are stored online.
Mobile wallets: These wallets that run on an application in a smartphone; they are simpler than the desktop wallets and can be used anywhere.
2). Full Node Wallet:
Here you can control your private keys and provide a full copy of the blockchain. Essentially every coin has an official wallet of this type and that can be found on the official GitHub of the site. “Official” means endorsed by the developers who created the coin.” Many cryptos are decentralized, so there is no real official anything.
3). Coin-Specific:
A wallet which works only with a specific coin.
4). Network-Specific:
A wallet which can hold multiple tokens on a single network.
5). Hardware Wallet:
These type of hardware are specifically built to hold cryptocurrency and keep it safe. This includes USB devices. Moreover, these devices can go online to make transactions and get data and then can be taken offline for transportation and security.
6). Paper Wallet:
This type of wallet lets you to both send and receive digital currency using a paper wallet. You can take a print of your QR code for both a private and public key. With this feature, you can completely avoid storing digital information about your currency by using a paper wallet.
7). Custodial Wallet:
In Custodial wallet, you can’t control your keys directly. Most exchange wallets are custodial wallets.
8). Multisignature Wallet:
It requires multiple parties to sign a transaction for any digital money to be spent. Multisignature wallets are designed to have more layer of security.
How To Choose a Wallet?
Here are some ideas on how to choose the best wallet for you.Hardware and paper wallets are the best to secure funds. Also, We always suggest official or officially endorsed wallet for any given coin.
Ledger Nano S: Multi-currency support, Built-in Display, Easy to operate, Security, Backup and restoration.
Ledger Blue: Malware proof, Multiple currencies, Secure elements.
Jaxx: Exclusive design, Easy to use, Personalized key, available on multiple OS.
Edge wallets: Security, Multi-Currency Support, Easy to use.
Exodus : Multi-currencies, Complete security, Great design, Multi-currencies.
Coinpayment: Bit-go integrated, Online store acceptable, vault, multi-coin wallet.
Most top performing wallets are (Binance, Coinbase, etc.) and they have exchanges too that offers for easy and quick trading between Bitcoin and other crypto or bitcoin and fiat currencies.
Online wallets are prone to security hack and therefore should be used as little as possible. It will be safe to divide your funds among the different types of wallets.
How to Register in a Wallet?
If you are a newbie to the crypto world, then read these points before proceeding:
Download the official wallet from the website.
Register for a custodial wallet service ‘Coinbase’ or non-custodial wallet service like ‘Blockchain’ Wallet (which handles both wallet and exchange with one account).
Purchase a hardware wallet like TREZOR for storage.
Use a universal software wallet or any other wallet that meet your needs like the ones mentioned above.
Coinbase and TREZOR are one of the good major choices, since, they have guides and can be kept safe with the best execution, and also, don’t need to download the full blockchain for a coin.
If you want to know more about particular wallets, Visit our crypto wallet section, you can enjoy reviews on many crypto wallets.
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