Could Cryptocurrency Save You from Looming Recession?

Wecannot know when it will happen, but we all feel it looming. The volume of Google search for ‘recession’ is at its highest point since 2009 (source). As Laura Veldkamp, the professor of finance at Columbia University, said, “If we all think there will be a recession, everyone produces a bit less in anticipation of lower demand. Lower production is the recession.” She also points out that three of the best global economics state indicators — trade, housing, and industrial production markets are flat or falling right now.

On the Edge of the New Cold War

Trade, currency, oil, and technology wars of the world’s economic giants are more and more apparent and threatening. According to the 50 percent of 100 experts’ panel recession is coming in 2020. Another 36 percent of the panel said that the recession will happen in 2021 (source). Even Wall Street could not ignore the yielding curve, indicating fears of a downturn among the investors. People are lost and looking for a way to save themselves or at least prepare for the fall. So what can be done now? Is there a solution for you?

There is one part of the economic world that is mostly not affected by inflation, interest rates, and socioeconomic factors. Ironically it came to exist during our last recession back in 2008. It is all about digital assets. Experts are discussing if it could be our safe haven, while some people are already calling Bitcoin ‘digital gold.’

Are Digital Assets a Solution?

The optimistic views on possible digital currency performance during the recession is based on the analysis of the real-time crypto market reaction to any economic, social, or political events. It experienced heights with almost every new development of the US and China trade war and many recent changes in macroeconomics.

​

This pattern has been noticed in some older cases too. For example, when the announcement of the Brexit referendum results caused an extreme selloff of GBP back in June of 2016. Bitcoin was the top performer with a return of 7.1% and outperformed gold (4.7%), and global bonds (0.6%). The pound sterling struggled for the rest of that year, whereas Bitcoin rose from $624 to $961.

​

Of course, a regular person might lack the knowledge to properly assess possible ways where our global economics or crypto assets may go in the future. However, the growing trust and interest of major players’ (Facebook, Amazon, IBM, etc.) in blockchain and crypto might be a decent indicator. They have teams of analysts, and strategist that might know so much more than we do. As per Fidelity Investments institutional investors’ survey, about 22 percent of responders already had some connection to digital assets investments. And more than 30 percent of respondents said that they are open to investments in digital assets in the near future.

Time to Wait and See

Of course, it is hard to predict what crypto markets will do during a complete economic fallout. Nelson Minier, Kraken’s OTC lead executive, said “I’m not so sure that it’s (bitcoin) a safe haven asset yet, but I do think that it’s starting to act like one. <…> And when the market is getting shaky, you saw Bitcoin rise, I mean, you wouldn’t see that before, it was trading like a risky asset.”

It is all up in the air right now. We cannot know when and if the recession will come and how it will affect the digital currency market. Business cycles go through its peaks and troughs, and the current state of the global market makes us feel that cold breath on our necks. However, this possible crypto safe harbor is something more positive to keep in mind.

https://medium.com/@rokkex/could-cryptocurrency-save-you-from-looming-recession-578cfe7ff39f

[Daily Discussion] Friday, August 30, 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:

• Get an invite to live chat on our Slack group
• Set your flair to trade pretend money in the Flair Game
• Weekly threads: Newbie Mondays and Fundamentals Fridays
• Altcoins Discussion: Altcoin Discussion

[Altcoin Discussion] Friday, August 30, 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:

• Get an invite to live chat on our Slack group and check out the #altcoins channel
• Daily Discussion for bitcoin only: Daily Discussion
• Prior Altcoin Discussion: Altcoin Discussion

08-29 23:53 - 'The false idea that those in charge of monetary and economic policy have a sound knowledge of the system over which they preside and a clear idea of what they are doing. When events, such as the financial...' (self.Bitcoin) by /u/MakeTotalDestr0i removed from /r/Bitcoin within 0-7min

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One of the fictions most assiduously promoted by the ideological representatives of the capitalist economy is that those in charge of monetary and economic policy have a sound knowledge of the system over which they preside and a clear idea of what they are doing. Such operations assume great importance when events, such as the financial crash of 2008, reveal to masses of working people that this is not the case.

The collapse eleven years ago was preceded by assertions as to the “efficiency” of the market. A “great moderation” had been established in which the evils of the past had been finally conquered, with anyone who dared to differ being declared guilty of blasphemy against gods such as Fed chairman Alan Greenspan.

So when it was revealed that the financial system was in reality a snake pit of corruption and conflicts of interest, it was a case of all hands on deck to provide the justification for the trillions of dollars made available to the very banks and financial institutions whose activities had sparked the crisis, while hundreds of millions of workers the world over were made to pay through wage cuts and austerity measures.

The bailouts may have been regrettable, it was argued, but these measures were necessary to prevent something even worse. New regulations were being put in place to prevent a recurrence and after a period of “unconventional” measures—essentially the handout of virtually free money to the “malefactors of great wealth”—things would return to “normal.”

This piece of fiction was exposed at the conference of central bankers and financial experts held at Boson Hole, in the city of Boson, Massachusetts last week.

Reporting on the meeting, the Financial Times noted “there was a sense that things would never be the same again.” In an interview with the newspaper the president of the St Louis Federal Reserve, James Bullard said there had been a “regime shift” in economic conditions.

Its manifestations are all too apparent. The supply of ultra-cheap money, either through interest rate cuts or the purchases of financial assets by central banks, so-called “quantitative easing,” has failed to provide any significant stimulus to the real economy, inflation continues to remain below the target rate set by central banks of 2 percent and interest rates remain at historic lows.

So persistent is this phenomenon that the financial system has entered a kind of Alice in Wonderland world where some $16 trillion worth of bonds are trading at negative yields, meaning that an investor holding them to maturity would suffer a loss.

“Something is going on,” Bullard told the Financial Times, “and that’s causing a total rethink of central banking and all our cherished notions about what we think we’re doing. We just have to stop thinking that next year things are going back to normal.”

However much they seek to promote the illusion that they are in control, those in charge of the financial system do have to engage in a discussion over the mounting problems they confront and what might be done to alleviate them. And a couple of papers presented at the meeting were significant from that standpoint.

Over the past months, the realisation has begun to grow that trade war is not a passing phase but is now a permanent feature of economic and political life. This is coupled with the recognition that the role of the US dollar as the basis of stability for the financial system is now increasingly being called into question.

Mark Carney, the retiring governor of the Bank of England, told the conference the present international monetary system based on the US “won’t hold” and that a new international monetary system had to be constructed.

He noted that the US accounted for only 10 percent of global trade and 15 percent of global GDP but the dollar formed the basis for half of world trade invoices and two-thirds of global securities issuances. Movements in the dollar, therefore, were of fundamental importance to other economies even if they had few trade links with the US. They were forced to hoard dollars in order to guard against capital flight.

The dollar was just as important as in 1971 when US President Nixon removed it gold backing and ended the Bretton Woods system of fixed currency relations anchored by gold.

At that time US Treasury Secretary John Connally dismissed the concerns of other countries with the dictum “our dollar, your problem.” This had now broadened, Carney said, to “any of our problems is your problem.”

For decades the mainstream view had been that countries could achieve price stability and regulate economic growth by targeting inflation and adopting floating exchanges rates. This consensus was now “increasingly untenable.” This was because US developments now had “significant spillovers onto both the trade performance and the financial conditions of countries even with relatively limited direct exposure to the US economy.”

He said there was little that could be done in the short term and central bankers had to “play the cards they have been dealt as best they can.”

However, in the longer term “we need to change the game.” The international monetary system could not be reformed overnight but equally “blithe acceptance of the status quo is misguided.”

“Risks are building, and they are structural. As [the late economist] Rudi Dornbusch warned, ‘In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.’”

In the medium term he called for the International Monetary Fund to increase its resources and set up a global fund to deal with capital flight. In the longer term there needed to be multipolar global economy and consideration should be given to the establishment of a “synthetic hegemonic currency.” possibly through a network of central bank digital currencies, in order to “dampen the domineering influence of the US dollar on global trade” so that US shocks would not reverberate around the world as they do now.

In essence this is a modern-day version of the proposal advanced by the British representative John Maynard Keynes at the Bretton Woods conference in 1944 for the establishment of a global currency, bancor. At that time, the US asserted its power and insisted that the dollar, backed by gold, had to be the international currency. But since the removal of the gold backing in 1971 as a stable anchor, the global financial system has become increasingly impacted by movements in the US dollar. “The deficiencies of the international monetary and financial system have become increasingly potent,” Carney concluded and that “even a passing acquaintance with monetary history suggests that this centre won’t hold.”

Similar warnings of financial instability were given in another paper presented by Stanford University economists Arvind Krishnamurthy and Hanno Lustig who pointed to the role played by dollar-denominated investments in providing global investors with safe assets.

They recalled the warnings by economist Robert Triffin in 1960 about the essential contradiction at the heart of the Bretton Woods system. Triffin pointed out that the expansion of global trade and finance depended on the continual outflow of US dollars. But this meant that this pool of dollars would outgrow the gold backing that was its anchor, leading to a crisis. That crisis erupted when Nixon ended dollar-gold convertibility.

The authors noted that Triffin’s logic could be extended to the current situation. “The supply of safe dollar assets is no longer backed by gold; however, the supply is fueled by increases in public and private leverage. Will dollar leverage be supplied in a manner consistent with financial stability? The events of the last 15 years suggest that policy makers should pay close attention to this question.”

[link]¹

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The false idea that those in charge of monetary and economic policy have a sound knowledge of the system over which they preside and a clear idea of what they are doing. When events, such as the financial crash of 2008, reveal to masses of working people that this is not the case.

Go1dfish undelete link

unreddit undelete link

Author: /u/MakeTotalDestr0i

1: bo*onm*ssa*h***tts.blogspot*c**/201*/08/gov*rno*-of-*a*k-of*engla**-at*boso*.*tml

Unknown links are censored to prevent spreading illicit content.

Rootstock, LIVE in WeWork Bogota!

Can't make it to Bogota for our @RSKsmart meetup at @WeWork? No problem! Watch the event LIVE here, and learn about the future of the Internet: #Bitcoin and #Blockchain. We will be live tweeting some highlights in English. https://www.facebook.com/watchparty/944048255934978/?entry_source=NOTIFICATIONS&hash=ASvHjcxyP-ZwVt4LOLhYZ0ir-uR2m5hy-C8O3NAIrJ-KvQ

Follow us on Twitter for the latest updates and behind-the-scenes! RSK: https://twitter.com/RSKsmart RIF: https://twitter.com/rif_os

Auditchain is being structured as a for profit GmbH based in Switzerland.

Auditchain understand very well that accounting and financial audits of a company are the most important things for the sustainability of the company. With clear and reliable financial reporting, a company can determine their decision for the future. But unfortunately, the accounting and auditing market is now filled with large companies that are trying to reap profits from the current process. But the Auditchain is aware of this and intends to present a company accounting and audit reporting platform that is fully supported by blockchain technology and smart-contract systems. With this innovation, it is expected that companies, especially middle and small companies, can get access to corporate accounting and audit services that are more affordable, real-time, transparent, safe and reliable.

Auditchain provides solutions to problems that occur in each period by checking the transactions that occur and will produce relevant and actionable reports, auditchain audit cycles that give each company and organization the accuracy, speed in reporting, competitive advantage auditchain provides an efficient operational resolution

Auditchain increases the objectivity of data by storing every event, transaction and other data operations in a sustainable manner with details and compliance without anyone being able to change it, auditchain is tuned with parameters that have become rules for each company, the system will quickly catch, respond to any changes with careful and specific

Traditional audits require tiered time to get visibility from each operational process. This method refers to materialistic, does not have granular visibility and control from each audit so it does not have accurate accuracy, auditchain has a solution for each of the above problems where 100 transactions are carried out. % with accuracy that can be justified.

https://www.forbes.com/sites/ginaclarke/2018/07/31/the-biggest-thing-to-happen-in-blockchain-since-bitcoin/

Web: https://auditchain.com/

Weekly /r/Iowa Events Thread for the week of August 29, 2019

This thread is for any events going on in Iowa 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 that state this week? Add a comment below. Anything from music to politics to a house party.

If you have any recurring events, specials, or other suggestions for this weekly thread, please send us a modmail or post it here and ping /u/annarchist - else it will likely be focused on shit Im interested in.

Please provide the following when posting new events: Time, Date, Location, Cost and some sort of description of the event.

New threads start every week, and will be stickied at the top of the subreddit. I am still working on the formatting, so if it sucks or you want changes, please provide feedback.

Here are some places to find things to do - if you see something that looks cool feel free to discuss it here because I'm sure some of us will miss it: Cityviews Calendar - Juice Calendar - Des Moines Register Event Page - Catch Des Moines Calendar - Travel Iowa Event Search

Outdoors: Trout Stocking Schedule | Iowa Biking Maps | Outdoors Things to Do | Hunting Regulations | Fishing Regulations Note -Annual Iowa hunting and fishing licenses expire on Jan. 10.

Sports: Iowa Cubs Schedule | Cedar Rapids Kernal Schedule | Hawkeye Football Schedule | Hawkeye Basketball Schedule | Iowa State Football Schedule | Iowa State Basketball Schedule | Drake Basketball | UNI Football | UNI Basketball | Barnstormer Schedule | Waterloo Blackhawks

Music: Bands in Town - Des Moines | Bands in Town - Cedar Falls | Bands in Town - Iowa City | Nitefall on the River

Local Message Boards: UrbanDSM|IowaOutdoors515Crew Election|Dates :--|:-- General Election|November 6, 2018. City Primary|October 8, 2019 Regular City & Regular School|November 5, 2019 City Runoff|December 3, 2019 Primary|June 2, 2020 General|November 3, 2020

Des Moines Reoccurring Events:
*Third Friday of Every Month is Mixology at the Science Center in Des Moines * Blues Jam Band every Tuesday at Carl's Place, $3 tallboys * Area515 1731 Grand Avenue, Des Moines - Electronics Club 2nd Wednesdays at 7pm - 3D Printing Club 3rd Mondays at 7pm - Ham Radio Night 4th Mondays at 7pm * Young Professionals Connection Calendar * Des Moines Bitcoin and Blockchain MeetUp at Gravitate in West Des Moines - 4th Thursday of the month - 7:00pm * D&D at Mistress Brewery in Ankeny Sundays 3:30pm-7:30pm.

Quad Cities Reoccuring events: * Every other Wednesday (July 25th): Eat the Streets (downtown Davenport) * relevant sub thread

Cedar Falls Reoccurring Events: * Every Tuesday night there are rides that leave at singlespeed in CF. 5:30 is the 22mph average ride. 6:00 is the 18mph average ride and women's ride. * Every Wednesday is the the CvC WOW ride that meets at 6 pm at 4th and Main St in CF. Several types of rides for all types of riders.

Council Bluffs Reoccurring Events: * Every Thursday night in council bluffs is the Taco Ride from CB to mineola Iowa

Central Iowa Bar Map - If you know who created this or want to download the XML and expand on it, please do so! If you create an updated one including your regions bar, Ill replace this one.

Note this is going to start likely central Iowa Centric as I am using that as the baseline the creation of this.

Tag/ping /u/AnnArchist if you post in here with like something added on a weekly basis. I also included the tag here so I remember to check this.

Iowa Discord Server

Uproar IPTV - Focusing on Canadian and US Channels - Packages starting at $10cad, New package breakdown, more flexibility - Firestick APPROVED - FREE TRIALS

Welcome to Uproar IPTV where quality and customer service are our #1 priority. We focus on US and Canadian content.

Uproar Channel List - https://drive.google.com/folderview?id=1VqeU05LPSexOoLJcCxDt0hoX1bgvnRMe

We will provide you will all the connection details, apps and guides to get you going.

We don't offer VOD or catchup but we do have 24/7 channels.

We have changed our packages around. Going forward you can purchase any number of connections you want, all you do is just add $* per additional connection. See below.

This can be any m3u and MAG combination you like.

Prices are quoted in Canadian dollars. (C=Connections)

1 Month Packages ($4 per addt'l connection) - 1C = $10, 2C = $14, 3C = $18, etc.......

3 Month Packages ($8 per addt'l connection) - 1C = $20, 2C = $28, 3C = $36, etc.......

6 Month Packages ($16 per addt'l connection) - 1C = $30, 2C = $46, 3C = $62, etc.......

12 Month Packages ($32 per addt'l connection) - 1C = $50, 2C = $82, 3C = $114, etc.......

Payment Options......

• e Transfer
• Bitcoin (btc)
• PayPal (must use Friends and Family option).

Trials do not contain WWE Network and ppv events

PM me you won't be disappointed.

As well make sure you say your interested in Uproar.

Uproar IPTV - Focusing on Canadian and US Channels - Packages starting at $10cad, New package breakdown, more flexibility - Firestick APPROVED - FREE TRIALS

Welcome to Uproar IPTV where quality and customer service are our #1 priority. We focus on US and Canadian content.

Uproar Channel List - https://drive.google.com/folderview?id=1VqeU05LPSexOoLJcCxDt0hoX1bgvnRMe

We will provide you will all the connection details, apps and guides to get you going.

We don't offer VOD or catchup but we do have 24/7 channels.

We have changed our packages around. Going forward you can purchase any number of connections you want, all you do is just add $* per additional connection. See below.

This can be any m3u and MAG combination you like.

Prices are quoted in Canadian dollars. (C=Connections)

1 Month Packages ($4 per addt'l connection) - 1C = $10, 2C = $14, 3C = $18, etc.......

3 Month Packages ($8 per addt'l connection) - 1C = $20, 2C = $28, 3C = $36, etc.......

6 Month Packages ($16 per addt'l connection) - 1C = $30, 2C = $46, 3C = $62, etc.......

12 Month Packages ($32 per addt'l connection) - 1C = $50, 2C = $82, 3C = $114, etc.......

Payment Options......

• e Transfer
• Bitcoin (btc)
• PayPal (must use Friends and Family option).

Trials do not contain WWE Network and ppv events

PM me you won't be disappointed.

As well make sure you say your interested in Uproar.

4 Reasons To Ditch Your Browser and Use Brave

I want you to use the Brave browser. Scratch that. I really want you to use the Brave browser. Why? To start, because I’m selfish. Indeed, as a small-scale publisher who doesn’t believe in using third-party, privacy-crushing advertisements, you using Brave actually helps me make money. But even if you don’t care about appeasing my selfish capitalistic desires, you should still use Brave because it’s genuinely a better, more private browser than its competition.

Preface: The Formula of The Internet

The internet largely revolves around the following model: the user, through a browser, navigates to the website of a publisher (content creator) they enjoy. The publisher, wanting to make money, puts ads on their site using a large advertising network. The ads load in the users browser, and the publisher gets paid without the user having to pay. Great, right? Not really.

First, the ads that large ad networks often serve actually contain malware, creating a significant security concern right off the bat. Second, the advertising network can track the user over many different sites, and can build a profile about their interests and behaviors. Third, and largely due to the first and second, users have begun to block ads in great numbers, meaning the publisher doesn’t even get paid. While other browsers take a neutral approach to these problems, Brave instead attempts to solve all three of these issues.

1: It’s All About The Ads (In a Good Way)

Instead of just loading any ad that an ad network gives it, as other browsers do, Brave blocks ads by default. This not only protects against malware, but also prevents the extensive tracking that advertising networks perform.

Soon, however, instead of blocking ads outright, Brave will replace those potentially harmful ads with its own malware-and-tracking-free ads. The way this works is that instead of a third-party ad-network tracking the user’s behaviour to serve relevant ads, Brave tracks the user itself, and in more detail, before pulling down an ad from its network. This sounds worse at first, until you realize that it creates those detailed profiles locally; no data about your interests or behaviours is ever sent outside of your computer. This way you get more relevant ads without third-parties knowing every site you visit, and without downloading malware.

2: Because Bitcoin

There’s still a missing piece of this puzzle: if Brave is replacing ads on the publisher’s site with its own, how does the publisher get paid?

There are two ways that this happens. First, Brave will send a significant portion (55%) of the money it gets from advertisers purchasing ad space on its ad network to the publisher in the form of Bitcoin. To fund Brave’s development, it will keep 15%, and 15% will be sent to its ‘ad partners’ (this is a bit ambiguous). However, 15% will also go to the user who puts up with seeing the ad, again using Bitcoin and a wallet that is built into the browser. Of course, all of these transactions are extremely small, but can add up to a significant sum. These tiny but numerous payments are known as micropayments.

Alternatively, if the user chooses to block ads entirely but still wants publishers to get paid, or if the user just wants to donate a bit extra to the publishers they enjoy, then they can load Bitcoin into Brave’s built in wallet and set a monthly amount that they would like to be donated. Depending on how much time they spend a given publisher’s website (as measured by Brave), a fraction of that monthly allowance will be automatically delivered to the publisher.

3: It Cares About Your Privacy

We’ve already touched on how Brave improves privacy by blocking malicious and privacy-invasive ads by default, but Brave has a couple of other tricks up its sleeve to improve privacy. The first is default incorporation of HTTPS Everywhere. This helps ensure that you use web encryption whenever it is available, but if you didn’t already know that then I’d recommend giving my HTTPS Everywhere guide a read.

The second privacy boon built into Brave is browser fingerprinting protection. While not enabled by default, a couple clicks in Brave’s settings will enable a feature that helps prevent websites from being able to forge a unique fingerprint of your browser such that you can be tracked across sessions. To learn more, give my browser fingerprinting primer a quick read.

4: It’s Faster

Finally, in almost every test I’ve seen that compares Brave’s website load speeds to other browsers’, it comes out on top. This is because Brave doesn’t load third party ads, and as a result there’s far less content to download. In terms of rendering speeds, in most tests it comes very close to Chrome, faster than Firefox, and trounces Internet Explorer.

You can download Brave here.

BE BRAVE https://brave.com

They Biked, Ran and Swam Over 200 Miles Across Europe — All for Bitcoin

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https://i.redd.it/ruflmh1c7cj31.png

A group of bitcoin enthusiasts just ran, biked and swam across Europe, all to promote the cryptocurrency they believe is leaving a powerful, positive mark on the world.

The first “Satoshi Freeathlon” officially finished this weekend, in which a group of seven bitcoin enthusiasts flexing their athletic abilities by journeying from Switzerland’s “Crypto Valley” in the tiny city of Zug, Switzerland, to Munich, Germany — a 221-mile adventure in total.

Running purely on bitcoin donations, the loose group dubbed “Team Satoshi” embarked on the quest in an attempt to raise positive awareness of bitcoin, which even 10 years after its release as open-source software, they believe gets too much negative press in the media.

The brainchild of Vitus Zeller, a German who started the project with a 10-day adventure of his own dubbed “Tour de Satoshi,” Zeller used bitcoin to pay for his hotel stays as he biked across the country.

He told CoinDesk:

“In mainstream perception, bitcoin is mostly the money of the dark web [for buying drugs], an energy over-consuming technology or a purely speculative asset.”

Zeller’s idea was to promote the values of bitcoin, including freedom of information and privacy, in a new way. “Bitcoin needs all kinds of voices that make people get curious about it,” he said.

Meanwhile, sports spark a more rosy image. “Sports is a deeply emotional topic for humans. For thousands of years, sportsmen have been admired. Emperors in ancient times, as well as rulers in modern times, have been using sports for political reasons,” Zeller contended.

‘Monster lake’ and beyond

Preparing for the “freeathlon” took quite a bit of time.

“We have now together many hundreds of hours of intense training for this event. I, for example, ran about each week a half marathon,” Zeller said, which is running a distance of 21 kilometers.

“The preparation meant truly a lot of going above and beyond my own personal boundaries,” he added.

But after months of training for each of the participants, they were ready for the journey. Three of the Team Satoshi crew (Zeller, as well as Moritz Biersack and Thomas Bette) slogged through all four days.

The rest of the group (including bitcoin podcast host Anita Posch, LocalBitcoins founder Jeremias Kangas, and Veronika Kuett) participated in one or more days of the event.

​

https://i.redd.it/t0znv3wg7cj31.png

Day 2 was swimming across a Bodonsee, a lake where Austria, Switzerland and Germany meet, which Zeller repeatedly called a “monster.” Measuring 12 kilometers in distance, it took the crew five hours to cross.

“Crossing this monster lake […] was a crazy experience. The waves, the streams and the fact that for the longest time we didn’t even see the other side until it cleared up,” he said.

For this, it wasn’t as simple as just doing the swim. Zeller said they “needed a doctors note as well as a cold water certification to prove that we know what we are doing and can endure this large distance swim.”

Right across the lake, the team started Day 3 by cycling 190 kilometers (about 118 miles) from Friedrichshafen to Starnberg, cities in Germany.

“With my 49 years of age the biggest challenge for me was keeping up with the young guys in the uphill sections. I think I managed that quite well, which is great,” said Anita Posch, bitcoin podcast host and one of the Satoshi Team.

The last day was a marathon, running and sweating all the way to Munich. They hit the pub for a welcome celebration once they crossed the finish line.

Cypherpunk sports

Zeller’s idea with all this is a bold one: to promote cypherpunk values, honoring those who were among the first to warn about how the internet could introduce new privacy concerns.

He refers specifically to “A Cypherpunk’s Manifesto” as a sort of guiding force — a short essay written by Eric Hughes in 1993, just a couple of years before the internet, tackling the topic of privacy.

“With Team Satoshi I had the idea to create a decentralized …] marketing instrument for bitcoin and the values it represents (freedom of information, freedom of opinion, privacy, freedom of transaction and human rights) which derive from the Cypherpunk Manifesto,” Zeller said.

It sounds like an odd idea to advocate for with sports, but Zeller makes a sincere argument for joining the two themes together.

“Sports has been a powerful political tool to manipulate the people,” he said, pointing to gladiators, who entertained Roman people with life-threatening fights. He even pointed to the Olympic games, which pits members of different nationalities against one another.

His idea is that anyone in the world can create their own Team Satoshi event: “[Anyone] can create [sports] challenges on their own,” he said, by updating the wiki website with the event.

As far-fetched as it sounds, Zeller wonders if this could morph into a profession someday: “Team Satoshi members can even try to make this a profession all over the world, if they can find sponsors or people out of the ecosystem that support them.”

He added:

“I believe Team Satoshi can potentially become a powerful movement as a soft marketing layer on top of bitcoin which connects bitcoin to the rest of the world and helps push it to mainstream adoption.”

Images via Team Satoshi

Am I okay to ask for an update on my case?

(Please let me know if I've used the wrong flare or anything, don't really know what to do.)

England here.

I'm currently in a legal battle with my mother, who has accused me of stealing 15 Bitcoin from her. My boyfriend (who is implicated in the original crime, however I've written to my mother to inform her of the correct timeline of events. Whether this "confession" has been read by my mother is not clear) was arrested about a year ago, and I will have been arrested a year ago in September. There have been lots of revelations in the case, with regards to a glitch on a Bitcoin mining website, and the exploitation of said glitch by my mother and 2 other people. From this, I am (unofficially) aware that my mother and these 2 others have been arrested. I am not aware of whether the investigation has shifted to these facts, but from familial sources I can assume it has. I have currently heard no official outcome or update of the case, be it from my solicitor or the lead investigator. I've contacted my solicitor and he has received no updates from the investigator in charge either. My question is this: if I request an update on the proceedings, what am I entitled to know? Am I in any way allowed to ask whether I'm being directly investigated, or because I'm the accused I will be kept in the dark? My boyfriend is not going to be prosecuted, that I am 100% sure about. I'm 20 F, I've lost most of my family due to this case and I'm so so scared. Being in the dark is really affecting my mental health, as well as the size of the offense potentially resting on my shoulders. I would just like to know my rights and what information I may be privy to.

The Holy Grail of Crypto: Reaching Visa’s Transaction Speed

Improving transaction speed is necessary for crypto to pass the test of time. Since blockchain is a technological improvement, its demise is not likely to occur. Another possible scenario is that crypto will become what it genuinely is – a means of cryptography.

As the oldest cryptocurrency, Bitcoin has a transaction speed that is way too slow. In this case, slow means seven transactions per second (TPS) as its record high. On the other hand, Ethereum is a bit faster (20 TPS) but prone to crashes since it is unscalable. Both are seemingly irrelevant when compared to Visa’s 24,000 transactions per second.

Since improving transaction speed has yielded new, innovative concepts, the quest itself is a valuable one. Similar to groups of companions seeking the Holy Grail, many have embarked on this adventure. New crypto platforms, as well as off-chain theories, have emerged.

As the legends fade, time is of utmost importance. However, like a strike of lightning, the solution could hit the blockchain world. As the Lightning Network is losing momentum, what existing solutions can pave the way for future innovation?

Off-Chain Transaction Speed

Unlike “block time” that is unchangeable, the transaction speed varies. This is because a new block is added to the chain every 10 minutes in Bitcoin and every 14 seconds in the Ethereum network. Similar to real-life traffic, transaction speed can depend on a rush hour or construction on the road.

In order to avoid “congestion,” some solutions approve payments before blockchain verification. These solutions are “off-chain”, offering higher transaction speed. Usually, “off-chain” means settling via:

• Contract or agreement
• A third-party guaranteeing the payment
• Coupon-based payment

The main advantage of blockchain also holds the seed of disaster. Therefore, off-chain uses it scarcely. Since it is a typical off-chain solution, the Lightning Network uses smart contracts without blockchain transactions. Therefore, transaction speed is counted in milliseconds, not seconds.

No solution is as optimistic as Lightning Network, offering millions of transactions per second. However, there are other off-chain solutions worth mentioning.

Plasma

Plasma is a simple solution that composes blockchains as a tree. As off-chain validation is confirmed within a branch, it is similar to a family tree. Consequently, the key is the validity of the root blockchain as a common ancestor.

Cosmos

Similar to Plasma, Cosmos is a network of blockchains with a central “hub” blockchain. Unlike Plasma, the blockchains are parallel to each other following the same consensus algorithms.

Raiden Network

On the other hand, Raiden Network is avoiding the bottleneck of consensus. Exclusive to Ethereum, Raiden Network is an experiment in enabling instant and low fee payments.

Polkadot

Instead of a tree, Polkadot features “pooled security.” Validators secure multiple blockchains, rewarding honest players and taking possessions from bad actors.

Stellar

The transaction speed comparison report shows that the platform Ripple was almost 10x faster than PayPal. Although not yet even close to the transaction speed of Visa, Ripple did take second place. Will its alternate-thinking improvement, Stellar, take first?

Although lagging in its integration with Lightning Network, Stellar is refurbishing the previous solution. Furthermore, it features smart contracts, multi signatures, and a database that needs 3 to 5 seconds for confirmation.

Due to performance and ease of use, many joined Stellar in its quest. Seemingly, DApp developers claimed that they could create tokens within a day. Besides DApps, different industries build upon Stellar.

Stellar does not insist on using its own cryptocurrency – Lumens. Banks, investors, and ordinary people can use fiat, Bitcoin, Ethereum, or any other cryptocurrency. Because Stellar is featuring a different way of thinking, similar solutions are using the Stellar platform to finish their noble quests.

MAD Network

The digital advertising industry, but this time built with privacy. According to the MAD website, their quest is to “realign the industry to incentivize truth and transparency while protecting consumer data privacy.”

Bitfoilex

This crypto wallet with the safest 2FA and multi-signature support is built to support humanity, too. Bitfoilex social media presents one of its uses as “a financial platform to enable payments for humanitarian aid.”

Kult

The stellar way for purchasing art, digital content, music streaming, VOD films, books, or event tickets. In this case, artists created Kult for other artists as a cultural exchange. The final goal of Kult is to become a crypto cultural bank of the future.

SureRemit

Seemingly, this is an altruistic solution for providing help to immigrants. SureRemit is reconnecting them with merchants that provide services for their families back home. By enabling payments with crypto, they help them cope with the situation they face.

The Bitbond Token

A security token that is helping businesses. Even though it is from Germany, the secure and stable token is available worldwide. After a successful ICO, “BB1” says it will send the first payment to their initial supporters on October 1, 2019.

Conclusion

As the quest for overcoming Visa’s transaction speed continues, we will witness more and more solutions. Overwhelmed by innovative developments, Bitcoin and Ethereum are desperately searching for faster transaction speeds.

Similar to DIY, data scientists use proven concepts to integrate these ideas with blockchain technology. The new-old model is sharding) for managing databases that can split the blockchain, too.

Furthermore, solutions like the directed acyclic graph (Dagg) do not use blockchain at all. In the current DApp fever, Dappchains and EOS are also competing for DApp developers.

LongWaited A Cryptocurrency Beginner’s Guide to Altcoins!

Welcome to the exciting (and sometimes confusing) world of virtual currency. Alternative cryptocurrencies, like Bitcoin, have revolutionized the way we think about money ever since Bitcoin lead the way for the first wave of cryptocurrencies.

https://i.redd.it/w885i70z8cj31.png

At one point, Bitcoin was the only cryptocurrency around, and now, there are thousands. Bitcoin has become the leader that other altcoins follow and remains the most widely accepted virtual currency to date. Whether you are a financial wizard or average person, anyone can join the cryptocurrency game.

The key to understanding and exceling at cryptocurrency is knowledge. Each of the following cryptocurrencies attempt to improve on existing technological solutions. Cryptocurrencies can fulfill many functions, and they aim to work on issues ranging from storing medical data to providing anonymous financial transactions. Many provide a decentralized network allowing efficient anonymous transactions, and in addition, there are Virtual Private Networks (VPNs) that can help ensure security.

What are Cryptocurrencies?

A cryptocurrency is a form of digital currency that comes as a “coin” or “token”. They are largely intangible and were originally designed to be free of a central regulatory authority, like a bank or government agency. At first, it was criticized by the traditional finance industry, but now many are embracing blockchain technology.

Cryptography uses mathematical equations to ensure that the tokens are securely created, stored, and transferred. Anonymity and decentralization are the key components to most cryptocurrencies, and this is why the cryptocurrency world continues to grow in popularity.

Types of Altcoins:

Bcash (BCH)

Bcash originated out of an early hard fork of bitcoin. A fork is when developers and miners of a cryptocurrency disagree on the cryptocurrency’s mining and transaction process, and when this occurs, the currency “splits”. Some developers and investors will choose to follow the original code while others will support the currency’s new “update”. As a result of such a fork, Bcash launched in 2017.

BCH was created to increase the scalability of Bitcoin from one megabyte to eight megabytes which allows for larger transactions. It also removed the Segregated Witness protocol that is used in Bitcoin, which limited the block space available for transactions.

Ethereum (ETH)

Founded in 2015, Ethereum is one of the giants that followed Bitcoin. Ethereum is a decentralized platform that allows you to execute smart contracts and build applications, and you can essentially build other cryptocurrencies off the Ethereum platform. Its token is known as ether, and ether is used by other developers to run their own applications or as a token to buy other cryptocurrencies.

In 2014, Ethereum had its first official presale. This was essentially the first initial coin offering (ICO), and these are now a popular source of funding within the industry. After 2016, Ethereum was split into Ethereum (ETH) and Ethereum Classic (ETC), and it is still one of the most valuable coins on the crypto-market space.

Zcash (ZEC)

Launched in 2016, Zcash is based on a decentralized and open-sourced platform. Zcash prides itself on its ability to ensure privacy and transparency during each of its transactions, and it claims it is the “https” of the crypto world. Essentially, it is added privacy to already pre-existing crypto-transactions.

They even offer an added feature of “shielded” transactions, which allow for further crypto-security. Zcash developers came up with an innovation called zk-SNARK, and this revolutionized the way cryptography is used to secure crypto transactions.

Dash (DASH)

Dash is a more private form of bitcoin and comes with features like DarkSend and InstantX that provide added support to protect anonymous transactions. It was originally known as Darkcoin and was renamed Dash in 2015.

Dash allows you to make nearly untraceable transactions. It offers stronger anonymity than most cryptocurrencies and is based on a decentralized network. Founded in 2014, it was founded by Evan Duffield and quickly gained popularity among crypto-enthusiasts and investors. It differs from other coins in that it can be mined with either a GPU or CPU.

Ripple (XRP)

Founded in 2012, Ripple aims to work as a global network of low-cost payment transactions. XRP works to allow banks and individuals to make international payments at low costs while ensuring a high level of transparency. You cannot mine ripple which helps reduces latency issues.

It also decreases the need for high computing strength that some other coins need for mining. Many popular banks have already adapted Ripple technology for cross-border payments because it is the most popular cryptocurrency for traditional investors. Traditional investors understand ripple’s utility as an efficient method of cross-border transactions.

Neo (NEO)

Originally known as Antshares, Neo was founded in 2014. Called the “Chinese Ethereum”, it is the largest Chinese cryptocurrency. It utilizes smart contracts in a similar way to ETH. Neo owes much of its success to its ability to support multiple programming languages on its platform.

EOS (EOS)

Launched in June 2018, EOS is one of the newer currencies, and it was created by a well-known mind in the blockchain world, Dan Larimer. Before starting EOS, Larimer started and popularized Steemit which is a popular social media site that was founded on blockchain technology.

EOS is founded on the same platform as Ethereum. During their ICO, EOS was able to generate close to $4 billion in funding, which is one of the highest recorded. Its proof-of-stake system aims to provide more scalability than other currencies. Also, EOS differs in that there is no mining. To replace the need for miners, block producers are rewarded in tokens depending on their rate of production.

Cardano (ADA)

In 2017, Cardano was founded by a co-founder of Ethereum. Carles Hoskinson hoped to combine the benefits of Ethereum as well as fulfill several other functions. ADA looks to solve the issues that come with other digital tokens by focusing on interoperability. They also hope to solve problems of scale. ADA has the ability to make financial transactions in mere seconds, when before it could take days, and this is an added benefit to those in the cryptocurrency industry.

Monero (XMR)

Designed to be an anonymous currency, XMR is focused on security and privacy. It was one of the older altcoins to become fully established after being founded in 2014. Unlike other virtual currencies, monero’s funding is completely dependent on grassroots community funding. XMR utilizes a rather unique technique known as “ring signatures”.

With ring signatures, transactions using XMR have added anonymity. A group of cryptographic signatures will appear with each transaction, but only one of which is the “real” one. They all seem as if they were completely valid, which provides more security, and for people seeking private transactions, this is a draw to use the form of XMR for cryptocurrency.

Litecoin (LTC)

One of the more well-known altcoins, Litecoin has been around since its founding in 2011. Its founder, Charlie Lee, formerly worked as a Google engineer and is a well-respected figure in the blockchain-sphere. LTC is open-source and utilizes scrypt as proof-of-work.

Litecoin is very similar to Bitcoin but works much faster, and it can generate blocks quicker and can confirm transactions at a higher rate. Litecoin has been adopted and endorsed by banking companies around the world because of the benefits it offers to users.

Original Blog Post Link: https://torguard.net/blog/a-cryptocurrency-beginners-guide-to-altcoins/

Ordered from the wrong tony site but all hope not lost?

New to Repsneakers group, just got tired of paying secondary prices on facebook and them possibly being reps as well. I have to say awesome group of people here and really enjoy seeing all the helpful guides. I got a little excited and didn't read as much as I should have and ordered a few G5 yeezy's from .net and not ru which I just now found out after I sent bitcoin that its not the preferred Tony site. Either way they have confirmed my payment and will be sending me a QC in 2-3 days. They have been super responsive as well on whatsapp. Hopefully everything works out. I'll try to update.

Localbitcoins.com - How to make money trading Bitcoin!

https://i.redd.it/rq88m7o8acj31.png

What could be better than working from home, making your own hours, and keeping your profit in our favorite currency, Bitcoin!
If you ask me, NOTHING! I've been able to drop out of college, quit my shit job, and become my own boss, and this is how.

This guide I've created is for people who are interested in learning to become a bitcoin trader, and have limited startup funds or knowledge of bitcoin. I want to share how I went from a pizza delivery driver, to owning my own Bitcoin trade company, and joining the newest sector of internet entrepreneurs. This article is for those who are beginners, and want to learn how to establish themselves in the cryptocurrency trading industry.

The first step in becoming a trader, is learning the types of exchanges available to use. There are many types of Bitcoin exchanges, but my personal favorite for trading is;

https://localbitcoins.com

Other sites like Coinbase, circle, and stuff are good for obtaining bitcoin on a fast notice, but charge expensive fees and require things like SSN and banking information to register. We don't want those criminal governments in our panties, now, do we?

This guide will mostly focus on how I went from an investment of 1.3BTC, to over 100BTC in a matter of about 8 months, and Localbitcoins is the platform p2p exchange I used to achieve that. Now, depending on your country, you will need to pay taxes on income and capital gains, but this article won't be covering things like that...

Step 1. Create a username and account password. your password should be strong, because localbitcoins provides a hot wallet where your bitcoin can be stored and is needed on site for trading. I recommend a good choice in Username, because this is what buyers and sellers will see when they conduct a transaction with you. Would you rather do business with someone named "CityBitcoinPro" or "thenippletwister"?.. You see my point? Make sure you back this up somewhere safe, like an encrypted flash drive or tattoo it on your ass ( just kidding). I also recommend making a Facebook business page, to increase advertising and communication response. Here is mine: https://www.facebook.com/WilsonBTC

Essay Writing Service Review Posts: Basic Guide & Requirements

It is important to provide feedback on the quality of work or service that you have received from your essay writing service provider. Everyone is welcome to participate (essay writers, essay companies, freelance groups, and essay writing services). This will assist everyone in making informed choices in selecting an essay writing service provider for their essay, paper or assignment.

An essay writing service review post can either be POSITIVE or NEGATIVE.

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Essay Writing Service Review Posts Prerequisites & Guide

-Screenshots of payments and conversations. Your post will be marked as VERIFIED once you have provided the required PM conversations and payment screenshots (PayPal, Bitcoin, Escrow, etc).

-Your post will be marked as UNVERIFIED if you have failed to provide the required PM conversations and payment screenshots (PayPal, Bitcoin, Escrow, etc).

Essay Writing Service Review Posts: ReviewsCentral Usage Guide

It is important to provide feedback on the quality of work or service that you have received from your essay writing service provider. This will assist everyone in making informed choices in selecting an essay writing service provider for their essay, paper or assignment.

An essay writing service review post can either be POSITIVE or NEGATIVE.

Essay Writing Service Review Posts Prerequisites & Guide

-Screenshots of payments and conversations. Your post will be marked as VERIFIED once you have provided the required PM conversations and payment screenshots (PayPal, Bitcoin, Escrow, etc).

-Your post will be marked as UNVERIFIED if you have failed to provide the required PM conversations and payment screenshots (PayPal, Bitcoin, Escrow, etc).