Saturday, November 13, 2021

Mac&Cheese - A decentralized "Pancakeswap of Polygon"

What is the purpose of Mac&Cheese and how did it come about?The main goal of Mac&Cheese(XVMC) was to create something that would appreciate in value. The price of any asset is determined solely by it's buyers and sellers. The protocol is designed to create scarcity - remove potential sellers from the market and attract new buyers. In addition, XVMC also possesses all the qualities that make cryptocurrencies so valuable and sought-after: it's decentralized, works as a currency and time deposit(CD), it's made to create scarcity, has it's own governance and it offers yield/passive income to stakers. This is exactly what decentralized finance is supposed to look like. As the value of the protocol grows, it is made to evolve and provide additional services as a protocol.

  • Cryptocurrencies are already the highest appreciating assets in the history and biggest transformation of wealth
  • The main reason why cryptocurrencies were invented to begin with - is to eliminate the need for a trusted third party
  • XVMC protocol is operated as a series of smart contracts on Polygon network, made to be fully decentralized - without any one party having control
  • The price of any asset is solely determined by it's buyers and sellers. XVMC offers staking rewards to those who lock-up their tokens
  • As users lock-up their tokens, they are removing supply from the market, collectively creating a scarce asset
  • A similar concept is already being used by banks worldwide, it's called a certificate of deposit or time deposit. It is the biggest money-market in the entire world, worth more than store of value(gold, bitcoin) and all payment methods combined. Banks pay you higher interests if you commit your loan for a longer period.
  • Scarce assets tend to appreciate in value. New participants are attracted through periods of boosted rewards
  • Users act as oracles regulating the system(inflation, fees, rewards, bonuses, events,...)
  • Locked up stakers create the consensus mechanism - a way to upgrade and re-fine the protocol in a decentralized manner
  • A passive approach - users can stake and forget, while the protocol works in their favor and guarantees honesty amongst other participants
  • It is exactly what most people are looking for in a cryptocurrency: a hands-off approach with potential to appreciate in value, as well as an opportunity to earn yield/passive income
  • People like meme tokens, so all participants get DOGE420 and DOGE69 for free. it is a hedge against stupidity and they provide you with exposure to meme tokens
  • The protocol can hold NFTs - it could make XVMC more attractive as it would provide bigger managers an exposure to NFTs and MEME tokens, without having to speculate on any one given asset
  • XVMC is designed to increase it's value. It is fundamentally the most important project and it also includes all the neccesary psychological aspects to succeed. However, please keep in mind there are no guarantees of future value or success. While we believe the potential is enormous and the opportunity could be similar to getting in early on Ethereum at 0.3$... It should be considered as highly risky, is likely to be highly volatile, and could go to 0.

  • https://macncheese.finance/


Binance Coin (BNB)

By JAKE FRANKENFIELD📷

Updated August 17, 2021Reviewed by ERIKA RASURE

What Is Binance Coin (BNB)?

Binance Coin is the cryptocurrency issued by Binance exchange and trades with the BNB symbol. As of June 2021, Binance Exchange is the largest cryptocurrency exchange in the world, supporting more than 1.4 million transactions per second.

PART OFWhat Investors Need to Know About Altcoins

INVESTING CRYPTOCURRENCY

Binance Coin (BNB)

By JAKE FRANKENFIELD📷

Updated August 17, 2021Reviewed by ERIKA RASURE

What Is Binance Coin (BNB)?

Binance Coin is the cryptocurrency issued by Binance exchange and trades with the BNB symbol. As of June 2021, Binance Exchange is the largest cryptocurrency exchange in the world, supporting more than 1.4 million transactions per second.1

KEY TAKEAWAYS

  • Binance Coin is the cryptocurrency issued by the Binance exchange and trades with the BNB symbol.
  • BNB was initially based on the Ethereum network but is now the native currency of Binance's own blockchain, the Binance chain.
  • Every quarter, Binance uses one-fifth of its profits to repurchase and permanently destroy, or "burn," Binance coins held in its treasury.
  • Binance was created as a utility token for discounted trading fees in 2017, but its uses have expanded to numerous applications, including payments for transaction fees (on the Binance Chain), travel bookings, entertainment, online services, and financial services.
  • At the time of writing, Binance had a market cap of more than $56 billion and ranks behind only Bitcoin, Ethereum, and USD Tether in terms of market cap.

Understanding Binance Coin

Binance coin initially ran on the Ethereum blockchain with ERC 20 standard but has since become the native coin of the Binance chain. It was launched during an initial coin offering (ICO) in July 2017 and has a strict maximum of 200 million BNB tokens. It offered 10%, or 20 million, BNB tokens to angel investors, 40%, or 80 million, tokens to the founding team, and the remaining 50%, or 100 million, to the various participants through the ICO process.

Almost half the funds raised during the ICO process were intended to be used for Binance branding and marketing, while around one-third were used to build the Binance platform and perform necessary upgrades to the Binance ecosystem.

BNB was initially based on the Ethereum network but is now the native currency of Binance's own blockchain, the Binance chain.

PART OFWhat Investors Need to Know About Altcoins

INVESTING CRYPTOCURRENCY

Binance Coin (BNB)

By JAKE FRANKENFIELD📷

Updated August 17, 2021Reviewed by ERIKA RASURE

What Is Binance Coin (BNB)?

Binance Coin is the cryptocurrency issued by Binance exchange and trades with the BNB symbol. As of June 2021, Binance Exchange is the largest cryptocurrency exchange in the world, supporting more than 1.4 million transactions per second.1

KEY TAKEAWAYS

  • Binance Coin is the cryptocurrency issued by the Binance exchange and trades with the BNB symbol.
  • BNB was initially based on the Ethereum network but is now the native currency of Binance's own blockchain, the Binance chain.
  • Every quarter, Binance uses one-fifth of its profits to repurchase and permanently destroy, or "burn," Binance coins held in its treasury.
  • Binance was created as a utility token for discounted trading fees in 2017, but its uses have expanded to numerous applications, including payments for transaction fees (on the Binance Chain), travel bookings, entertainment, online services, and financial services.
  • At the time of writing, Binance had a market cap of more than $56 billion and ranks behind only Bitcoin, Ethereum, and USD Tether in terms of market cap.

Understanding Binance Coin

Binance coin initially ran on the Ethereum blockchain with ERC 20 standard but has since become the native coin of the Binance chain. It was launched during an initial coin offering (ICO) in July 2017 and has a strict maximum of 200 million BNB tokens. It offered 10%, or 20 million, BNB tokens to angel investors, 40%, or 80 million, tokens to the founding team, and the remaining 50%, or 100 million, to the various participants through the ICO process.

Almost half the funds raised during the ICO process were intended to be used for Binance branding and marketing, while around one-third were used to build the Binance platform and perform necessary upgrades to the Binance ecosystem.

BNB was initially based on the Ethereum network but is now the native currency of Binance's own blockchain, the Binance chain.

Biggest Cryptos

As of August 2021, BNB is the fourth-largest cryptocurrency by market capitalization, behind only Bitcoin, Ethereum, and USD Tether. 

Binance Coin Burning

Although 100 million Binance tokens were initially offered in the ICO, the current total supply is lower. Every quarter, Binance uses one-fifth of its profits to repurchase and permanently destroy, or "burn," Binance coins held in its treasury.

Binance has regularly performed these burning events. The latest BNB burn came on April 15, 2021, when Binance burned a total of 1,099,888 BNB, equivalent to $595,314,380 USD worth of tokens. It is Binance's 15th quarterly BNB burn and its largest ever in terms of U.S. dollars. The total supply of BNB has decreased from 170,532,825 to 169,432,937.

Binance Coin Uses and Support

Binance was created as a utility token for discounted trading fees in 2017. But since then, its uses have expanded to numerous applications on a wide number of platforms. It is used to pay for transaction fees on Binance.com, Binance DEX, and Binance Chain.

It can also be used for payments (at places like Crypto.com, Monetha, and HTC); to book travel accommodations (at sites such as TravelbyBit, Trip.io, and Travala.com); for entertainment purposes (virtual gifts, card packs, lotteries); to pay for online services (BitTorrent, Canva, Storm); and even for financial purposes (take out a loan at ETHLend or make investments at Moeda).

One can also use Binance coins to invest in certain ICOs that are listed through Binance’s Launchpad program. New cryptocurrencies list on the Binance exchange, and the use of Binance provides a seamless marketplace for trading in a variety of established and new virtual tokens.

The crypto token has garnered support from other partnerships which has helped its usage spread. It includes a partnership with Asia's premier high-end live video streaming platform, Uplive, which sells virtual gifts for BNB tokens to Uplive’s 20 million-strong user base.

Binance coin is also supported by the platform, the mobile app, and the VISA debit card of Monaco, the pioneering payments and cryptocurrency platform.

Binance Smart Chain

As of June 24, 2021, the Binance Smart Chain was processing as much as 3.7 million daily transactions; triple the amount of Ethereum's all-time high in daily transactions, but down from a record almost 12 million daily transactions reached on May 14, 2021.2

BNB FAQs

What Is the BNB Coin?

BNB Coin is a cryptocurrency that is used primarily to pay transaction and trading fees on the Binance exchange.

What Is the BNB Coin Used For?

Beyond the Binance exchange, Binance Coin has several uses, including the ability to:

  • Make credit card payments
  • Pay for travel arrangements (on select websites)
  • Buy virtual gifts
  • Process payments
  • Make investments
  • Make loans and transfers
  • Donate to charity

What Does Convert to BNB Mean?

In the world of cryptocurrency, dust refers to any amount of coins or tokens that are so small they're often ignored. They're basically the tiny fractions left from trades.

Binance allows traders to convert their dust into BNB.

What Is a BNB Market?

The BNB market simply refers to the place where BNB is bought and sold. Most purchases of BNB take place on the secondary market.

Traders are able to buy and sell BNB on Binance.com as well as other crypto platforms.

Is Binance Banned in the U.S.?

Binance is not banned in the U.S. However, on May 13, 2021, Bloomberg reported that Binance Holdings is under investigation by the Justice Department and Internal Revenue Service. According to the report, laundering and tax sleuths have probed individuals with insight into Binance's business.

“We take our legal obligations very seriously and engage with regulators and law enforcement in a collaborative fashion,” Binance spokeswoman Jessica Jung said. “We have worked hard to build a robust compliance program that incorporates anti-money laundering principles and tools used by financial institutions to detect and address suspicious activity.”

Binance is incorporated in the Cayman Islands.


What Will Happen In The Future? Predictions Of A "Time Traveler From 2137". P.S. HE IS NOT AN ACTUAL TIME-TRAVELER.

To provide some context as to why I chose that title, I discovered this post by https://www.reddit.com/user/Cannibeans/ detailling how they met a man 'Jerry' who claims he's a time travler. They put up an AMA and asked 'Jerry' questions from people who wanted to know about the future.

Please note that ; JERRY IS NOT A TIME TRAVELER. DO NOT LISTEN/BELIEVE HIM. Here's the link to the 3rd post : https://www.reddit.com/r/AMA/comments/drnioc/ask_jerry_the_time_traveler_about_the_future_ama/

I'll be copying and pasting the contents here. It is NOT FACTUAL/REAL, there is NO EVIDENCE, but they are detailed predictions, and some are KIND OF plausible. Others not. I want to hear about your opinions in regards to this post. I'd like for you to review and test these predictions.

I will repeat this: JERRY IS NOT A TIME-TRAVELER. THESE AREN'T FACTS, JUST PREDICTIONS. DO NOT BELIEVE THEM.

By https://www.reddit.com/user/Cannibeans/ :

Jerry is a man I met at the library. We started talking and he explained to me that he's from the future, the year 2137. He doesn't like our "primitive" computers and so is unwilling to do an AMA himself, but is fine sitting and reading while I ask him questions as per usual. You can find the first AMA here, and the second one here.

Currently I am sitting in the library with him and we're ready for your questions! This will likely be a shorter day than usual but we'll go for as long as we can.

Jerry's knowledge about a great range of topic has thrown me off quite a bit, because he'll casually mention very complex topics and when I do some research, he tends to nail it. No googling on his part. He just rattles these things off while reading a book about a totally unrelated topic.

Jerry was born in 2034 in the New Republic of Arcadia, existing in modern-day Oregon for the most part. He comes back from the year 2137, where the Earth population is roughly 12 billion, Luna (the moon's) population is roughly 1 million, and Mars' population is roughly 2,000.

When people ask what ethnicity he is, he says Arcadian.

Jerry is his "21st century name," invented for him being here. His real name, which he's shown me on his driver's license, is Kajjixi, with an equally odd last name that I won't reveal since as far as I can tell, it's a legitimate ID. The driver's license is part of his fake documents for living in our time, it didn't come from his own time. He said the reason it displays his real name, Kajjixi, is because of an error, and it's supposed to say Jerry.

He said there was a surge in popularity with baby names to go with very unique ones not based in history or tradition, so some people went a little wild, which his parents seem to have done.

He changed his name later in his life, something that's very common when you can live forever. Go through a major event? Change your name, because you're a new person.

He speaks very clearly with an almost.. crisp accent. You can just really tell what words he's using, if that makes sense. Uses complex vocabulary. I consider myself pretty well-read and I've had to get used to asking him what certain words mean that he's using. I've also caught him using some words that aren't technically correct, but his retort is always "You know what I meant, right? Therefore I properly communicated."

He does stand out. He's very tall, easily over 6'5" ft, bald, very muscular with insanely blue eyes. His mannerisms are just very curious. He takes a brief second to think before just spewing out perfectly worded sentences. I can tell he's a very smart person.

The librarian here told me the first day I met him that he's mildly autistic and has been coming here for a while. I asked him about it and he said he was autistic, though highly functioning. I asked that they surely would've cured something like in the future, and he said it's not seen as something that needs curing in the future.

New Republic of Arcadia takes up the northwest, most of modern-day Oregon, southern Washington, parts of northern California and western Idaho. Most of the northern US is sold or willingly merged into Canada. Western coast of California becomes Pacifica. Eastern California, Nevada, parts of Arizona and Utah becomes New Mojave, while Phoenix becomes its own territory to the south and even grabs some of Mexico below it. Texas is still just Texas.

Most of the others keep their general borders but take on various names that have historical significance or are based around leaders at the time who championed secession. Here's some he named: Franklin, Gray, Chicago, Roanoke, Muscogee, Jeremiah, Askan, Barnett, Fisher, Young-Lane

Major Events:

  • 2030s - Australia is first to receive a signal from a nearby star roughly 100 lightyears away. The complexity of it insists it's extraterrestrial, but skeptics remain. The message is sent via radio waves and is roughly 13 minutes long.

  • Kurdistan establishes itself. Taking up large portions of northeastern Syria, the Kurds enter war the first day they're established with Turkey, citing self-defense. Turkey begins a military campaign to quell the new country at the behest of the rest of the world, and conquers parts of Syria, Cyprus and even begins fronts into Armenia citing Kurdish uprisings. Russia, the US, UK, Australia and numerous other nations step in. This is essentially the largest war that is to come, known as the War of the Battleborn, or the Old Kurdish War. Turkey loses large swaths of their eastern territory to Kurdistan, which the other powers let them keep. To appease their land loss, Turkey gains control of Cyprus.

  • United Amazonia forms, largely due to political unrest, but they gain lots of global support as they fight for the preservation of the Amazon in lieu of climate change. Most of the Amazon region of Brazil, Venezuela, Guyana and parts of Columbia join up. The remnants of Brazil form South Brasil.

  • Kashmir declares independence, deemed the most significant political event of the century. The locals largely accept death is inevitable from their stance, but do so anyways. Pakistan, China and India keep weapons pointed at one another and now Kashmir, but localized movements near the border with Kashmir on either side gain traction and convince both governments to step down and let Kashmir rule themselves. This also leads to a worldwide Nuclear Agreement to begin decommissioning all nuclear weapons. Unfortunately, China does not back down from Kashmir and refuses to do anything about their nuclear weapons, so the protest movements quickly turn to an anti-China sentiment that spreads even further.

  • 2040s - China collapses. Riots begin in Hong Kong and Taiwan, as well as the western regions with a few terrorist attacks. During this, Kim Jong-Un dies of medical issues (conspiracies of poisoning) and the power vacuum within North Korea causes China to attempt to take control, but they fail miserably with the other fronts drawing their attention. South Korea, Japan and the Philippines begin taking in NK refugees and NK declares itself a new government of the people, Choson. However, the damage is largely done and those who do remain don't see any kind of drastic change in quality of life, rather the military just isn't around anymore. World pressure coupled with internal instability causes their government to collapse. Hong Kong, Taiwan, Xinjiang, Tibet, Yunnan and Guangdong declare independence. Northern regions vote to join Mongolia. What remains of China reforms into Zhongguo.

  • Canada splits into three new countries, Canada which makes up the southern portion from Vancouver to Toronto, Athapask which makes up the northwestern territories and most of the islands, and Quebec, which makes up the eastern part.

  • 2050s - The Singularity. Japan invents a very advanced AI that in turn creates a digital haven for us. Everyone "plugs in" to shed their physical bodies and download their brains to the internet to live there forever, as it's seen as the natural evolution of humans. In the first few microseconds, it collapses and everyone is booted out back to their bodies. The AI self-delete the digital world they created, as well as themselves, with only a message to never do something like this again. As the AI was basically seen as the closest thing we could call a god, everyone listened and the plans for it were scrapped entirely. Jerry wasn't part of this as he wasn't old enough to "plug in," but he saw the fallout. The general assumption was that everyone suddenly gained access to all information, but because we're humans, we did the wrong thing with it. Instead of consolidating all we know about engines to make the most efficient engine, we looked up our spouse's internet history, checked financial records of our employers, followed paper trails of our politicians, etc. and within seconds, everyone was out to get everyone else essentially. The AI determined this was inevitable with this kind of power, so it deleted itself and what it created to "save humanity." We never tried it again.

  • Shortly after, humanity develops the Cure for Death. The technology is based around nanobots and simple upkeep of the body manually. They're taken daily in the form of shots. Normal people appear perpetually 25ish or "prime," though this depends on when you started taking the shots. If you're 80 when the cure is discovered, you'll appear 45ish perpetually instead. You're not invincible with nanobots, you just don't age, so someone can still stab you in the heart and you'll die. This discovery spurs a new grouping of people called the Naturalists who choose to take on immortality until around 100 years of age, and then choose to die through voluntary suicide, which becomes legal worldwide. It's mostly the older generations that choose to die.

The new version of a modern-day "I'm better than you" vegan is what they call a Naturalist, the
group of humans who choose to die. He calls them hypocrites because they still keep their
immortality up until around 100 years of age, then they choose to die, instead of actually aging
like your body naturally would until you die.

I asked if there was a name for people who choose to be immortal, and he said they're just called
people. He asked if we had a name for people who take medicine, or if it's just considered normal.
Same applies in the future.

  • This begins the opening of Cryogenics labs and new medical advancements to bring people back, one of the few successful ways to do it. People frozen even from our time are brought back with minor side effects, given immortality and de-age. Some opt to be frozen again.

  • 2060s - Oil Famine. Nicknamed as such because of the economic unrest it causes in the middle east, the large players get desperate and the area breaks down into small wars once more. Saudi Arabia forcibly annexes Yemen and Oman and begins oppressive waves of control in the regions, met with much resistance. Bahrain and Qatar band together with diplomatic relations to Kuwait, Iran undergoes a revolution to form New Persia, Afghanistan loses its northern territory to be Hazarastan, and Israel receives invasions from numerous sides before collapsing itself. Palestine forms and with the area beginning to calm down a bit, other world powers ensure the captured nuclear weapons from Israel are used for reactors to supply power to the local regions, something that seems to actually occur.
  • Romania and Hungary apparently have a conflict in the 2060s but it's quickly resolved. Whatever caused it ended up spurring some other drama that involved Serbia and its surrounding nations, and he specifically remembers details about corruption but not too many specifics. By 2137 however, Romania is doing pretty well.
  • We stop using paper money entirely by the 2060s.

  • 2070s - USA Collapses. During a "cold civil war," the federal government loses power over the states. Jerry specifically says the legalization of cannabis is what leads to it, as the states realize they can pass legislature in direct conflict of federal law and if enough of them do it, the feds will cave. They begin doing this increasingly so until the 2070s when some states begin pardoning federal prisoners and exercising state law to release them within their borders. It leads to numerous genuine stalemates between state and federal authorities and even a few shootings. State nationalism soars and local military bases, staffed with locals, begin disregarding federal orders in favor of state orders. Before long, President Jameson decides that if the American people don't want a federal government, there shouldn't be a federal government. Nationwide county votes decides what counties will join what newly formed republics, and a push in the north even allows some counties to join Canada and Quebec. Out of the USA, 25 new republics are formed; New Arcadia, Pacifica, New Mojave, Phoenix, Apache, Young-Lane, Askan, Fisher, Jeremiah, Texas, Franklin, Atlanta, Jackson, Florida, Roanoke, Muscogee, Chicago, Gray, Virginia, York, Barnett, Boston, New Maine, Alaska and Hawaii.

  • We translate the first 4 minutes of the alien message, and it turns out to be physics equations. Most line up with what we already have, but one stands out as being different than our version. Our equation for the gravitomagnetic field for a rotating body differs from theirs. Jerry doesn't know what the difference is, he just remembers news of it being that equation. Debate spurs over who's incorrect, us or the aliens. The message, past this point, appears to shift drastically in structure and still has not yet been deciphered. By this point, we send a message back, though by the 2130s it still hasn't arrived.

  • 2100s - Time travel is invented in 2112. Jerry doesn't know how it works, he just knows it's expensive. It's done on a special space station in a large orbit around the Earth and Luna, what they call the moon. It's a small room that you're put into, and once secured floating in the center where you can't touch any sides, the agency in charge sends a signal to the station and you're sent back in time after all the preparations are made. He said from the outside, a person who "warps" back in time appears to freeze before slowly shifting to a red color and then vanishing altogether. The grandfather paradox doesn't exist and he can't change his future. Essentially all they're doing is slipping into a different dimension that occurs however long in the past from theirs, with minor differences. These differences are the equivalent to an atom having a different charge on the other side of the universe, nothing insanely big. Long story short, his future is still our future, he just can't affect his own time by being in ours.

{What animal was most affected by climate change?}

Zooplankton. At some point in the early 2040s, they had a mass dying off that severely affected marine life, and in turn terrestrial life. Humans became more dependent on land-based food than ever which temporarily increased the effects of climate change, but the silver lining was it spurred a fresh wave of solutions to the overarching problem. By the 2130s, almost 100 years later, ocean life is still recovering but slowly doing so. The vast majority of marine life species alive today no longer exist in the future, but they're working on bringing some back through DNA samples.

{What was your education like?}

He received what he calls standard education when he was a child and never went to a university/ college until after they cured death. With suddenly more time to focus on academics, he started college and took dozens of classes that interested him. Interestingly, the concept of a degree was done away with, and instead people go to college for individual classes on subjects that pertain to their profession, not an end-result that has a bunch of "largely worthless prerequisites."

{Who is the most famous person of your time? Who is the oldest?}

Allan Garvey. He's a multi-billionaire and one of the wealthiest people alive, owning the largest colony on Luna and a partial colony on Mars, though he seems to have some prejudice against Mars colonization in general. He made the majority of his money on Earth through the development of cheap transport, hemorrhaging income for years before finally turning a profit in the long run. He used the additional income to begin his empire on Luna through massive mining operations. He also primarily bankrolled the research into time travel, and although he just funded the researchers, he's largely viewed as the inventor. His most recent endeavor is placing asteroids in orbit around Luna to mine.

The oldest person alive in 2137 is around 170, though Jerry doesn't remember their name. This would mean this person was born in the 1960s and received immortality in their 80s. Jerry said this is kind of pointless since every normal person will reach that age eventually as well, so why keep track of it?

{What kind of music and sports are in the future?}

Music is very diverse, and they're going through a cultural shift to very ancient works. The general idea of "useless history" that he's talked about is not something emulated in the music industry, so very ancient instruments and sounds are seeing a resurgence, and genres are largely based around which culture is being emulated. Despite them wanting to remain "authentic," Jerry says a physical instrument simply can't beat a computer emulation in regards to sound quality, so music is still 100% computer but sounds like something more real. Singing is rare, and music is more about rhythms.

The most popular sport is something called The War Games. Crowd-funded teams of advanced robotics literally go to war for public entertainment, with the more ridiculous concepts being the most popular. Essentially a "team" is just a small group of programmers and robotics experts who tweak robots at the requests of the people who fund them. The more money you give, the larger say you have. Once you've built an army to your liking, you go head to head against another army. Winner has to stick with their concept, the loser has to change things up to try again next time. Some examples he gave was one of the more popular ones being themed entirely around robotic dogs, hundreds of them, battling against a team themed around fire, i.e. excessive flamethrowers. This extends to air battles, combat vehicle wars and as part of a special celebrating the 10th anniversary, they did one in space as well. Apparently it was a neat concept but most of the teams couldn't properly design their robots for war in space, so it was one of the more boring seasons. Sometimes teams join up to battle other groups, sometimes they combine into one team. It's a very fluid sport with its own little world of politics, and it's strange if you don't have some kind of interest in it.

{What is social media like in the future? Video games?}

Social media as it exists today no longer does in the future. There's an "app" called Pockit that holds all of your personal information; banking info, identification, a personal bio, etc. Essentially everyone uses this, and when meeting new people you share the base-level information from this to get an idea of what they're like, as well as using it for essentially everything else. The way he talked about it, Pockit becomes the new Google essentially. The days of posting what you had for breakfast are long gone; no one cares anymore.

Video games are massive, and are essentially the main form of personal entertainment. VR is where we're headed but it's so ingrained in the real world that you never technically leave it. Advertisements aren't placed on billboards, they're simulated in VR where everyone can see them. People have virtual pets of their liking, virtual butlers to emulate, and yes virtual significant others as well. He said it's not as common as I likely think, but it's still common enough that it's a whole market.

{What's the current political state of conflict today? (Venezuela, Hong Kong, North Korea, Syria, etc.)}

Venezuela isn't a country anymore, and was merged into a country called United Amazonia. He doesn't know anything about the protests going on, but regards the country as a pretty nice place in his time so I suppose it ends up alright.

Hong Kong loses. China takes control and it becomes a police state, though he isn't sure when this occurs. The only reason he knows this is because in the 2040s there's a revolution and China loses not only Hong Kong, but a few other territories as well, and Hong Kong remains independent up until his time.

North Korea remained secretive and closed off for a long time until they collapsed in the 2040s, surprisingly because of China. China got desperate for control with the other revolutions from all sides, so they began to enact it on NK after the death of Kim Jong-Un and it led to an economic collapse. South Korea took their opportunity and offered support for as many North Koreans as they could, with Japan, US and the Philippines helping out. Afterwards, it largely just becomes a shell of an independent government ruling the very few people who decided to stay.

{ Are cosmetics and plastic surgery still a thing or has orthotropics and mewing taken over? }

Both still exist and are very advanced, able to achieve very real-looking alterations without ever knowing an operation was done. "Not like the primitive stuff you see in your time." It's not as popular, however, since there's so much alteration via VR in the future. People walk around as their chosen avatars all the time, and until you make physical contact it's impossible to tell they aren't there. There's restrictions on what you can and can't be, but there's a lot of leeway in what you can choose. As such, most people just prefer to change their face that way, instead of spending lots of real money on an actual physical change.

You can't physically be any animal or inanimate objects, except for human-shaped robots and mannequins.

Everyone is still human, but with VR playing such an integral role in people's everyday lives, you can take on whatever avatar you want. "Furries" aren't distinguished from anyone else taking on any other VR appearance different from their own, though the limitations mean mild animal features are really all that can be done.

It can simulate touch as well. Since it's done through a brain implant, it simulates textures and everything pretty accurately just by spoofing what those sensations feel like and sending false signals.

{Elon Musk?}

He does know the name Elon Musk and says he's remembered as a pioneer of the future, but unfortunately wasn't part of it as he later becomes a Naturalist, their word for people who choose to die instead of taking on immortality.

{ Is time travel expensive? Are there certain laws about telling people you’re a time traveler? }

He says it's expensive and he had to save up quite a bit for it, though this is his third time. He compares it to a very luxurious vacation for us. I asked him for a specific figure and helped him do some research to understand what money means in our time (he seemed really confused on it), and we came up to about $100k for a trip, not including whatever you're depositing for "proportional income" in the past. For example, he spent enough in the future to ensure he has roughly 10 years worth of money in his account today so he can just live and not have to worry about it.

There are no rules about telling people he's a time traveler.

{ Can he still access the internet and whatnot from his time? }

No, he has to use ours, which he thoroughly hates and therefore just tries to avoid it altogether. Hence, library. He thinks it's primitive, incredibly slow, and filled with worthless nonsense. All the major events I've listed so far essentially come from his memory of them while they were happening or research before the 2050s when they started locking up certain subjects away from public access. You can still get to them, you just need to apply and need a better reason than "I'm curious."

What happens with climate change?

According to Jerry, it goes pretty bad. Our oceans take the biggest hit and still haven't recovered by the time of 2137. By that time, over 50% of the species alive today have gone extinct in the wild, though many remain in captivity for reintroduction at a later time. Coral reefs are no more, the sea levels have risen a few inches on average and global temperatures are very high. Things seem to be going in a better direction, however, with massive CO2 condensers everywhere and desalination programs along most coasts. Most of our energy in the future comes from nuclear and solar power.

You said crimes committed in the past are logged and brought against you when you return to the future. Are there any examples of historical killers that ended up being time travelers from your time?

The only example he knows of was a corporate head who lost his position at a company called Promex and went back in time to murder the founder because he felt it was his fault. It became a big scandal and ethics debate in the future as to whether or not past lives matter in their time, since there's an infinite number of them. Eventually, the argument that "if any human life is given meaning, they're all given meaning" won out, and he was convicted of murder and given the death penalty the next week. He's sure it's happened other times but doesn't know any other specific examples.

What does your day-to-day routine consist of?

Wake up and take your daily shot and pills containing everything you need for the day. He says there's various systems and daily tasks to handle around his home, then he heads off to do whatever he likes for the day since he's retired. Most of the time this consists of staying in and hanging out with friends in whatever VR world they want, but sometimes he'll call a Bud (self-driving car-like drone) and head out somewhere. Sounds like a lax life.

How advanced are cybernetics? Examples?

Pretty advanced, though the use of them isn't very popular. Cybernetics are largely seen as something you get only if necessary, and otherwise you'll want to remain as "human" as possible. There's not a stigma against them, but apparently people who go a bit overboard experience "phantom body" sensations that can get out of control. It's still being studied in his time, but the false sensation of a person's leg falling asleep while they have no actual leg seems to compound until it's unbearable, and they need to be given medication for it to go away. As such, most people just get the brain implant that allows access to the internet and VR and call it a day.

What is considered the standard of beauty in your time? What's attractive?

It's almost entirely personality-based. Since taking on various avatars in VR is commonplace, emphasis on physical appearance isn't much of a thing anymore. Romantic relationships are based almost entirely on personality.

How are babies born in the future?

Everyone is a petridish baby. Doing it the natural way is considered irresponsible and dangerous since you're introducing otherwise preventable complications. In order to have a baby, you have to apply and be approved. Babies are grown in a lab setting in incubators and carefully monitored throughout, with genetic tweaking only allowed to be used to remove genetic disorders and diseases, not picking hair colors or anything like that. Mothers are given a medication to help simulate the chemical processes of being pregnant, without any of the negative side effects. It's more just to help bonding and those motherly instincts. Once the baby is birthed, the parents take over parenting from there.

Are there the equivalent of Amish in your time?

Yes, and they've grown in population since our time. Same deal generally, they don't like technology and instead choose to live in what they consider poverty. They're viewed much more negatively in the future, as they're considered either stupid or ungrateful.

What happens to Native Americans?

After the collapse of the USA, there's a considerable resurgence in their culture. Many of the republics take on names dedicated to them, but it's not just an homage. Since many of their nations remained stable throughout the entire thing, a lot of the new republics include Native American leaders.

What's the most popular VR game?

He says it changes constantly, but the most popular one before he left was a horror-based game called Blinded, where you had to primarily navigate by touch and feel (something simulated via brain chip) while other players give you directions on solving puzzles and navigating a maze. There's another team of players doing the same thing, except their blinded person is out to kill the other. Oddly enough this is a Disney game.

What's the most popular general brand?

Disney runs entertainment, GrayCore runs travel, VP runs food.

What's the deal with firearms in the future?

Military weapons are largely railgun and missile based, with some lasers thrown in for defense. Personal defense largely doesn't exist in the form of firearms, as police forces are mostly drone-based with an average response time of 1 minute in the city.

What happens to Bitcoin and other cryptocurrencies?

Something called Commodity takes over. It's essentially a cryptocurrency with basis in real-world commodity; so having 400 comms is the equivalent to, say, 100 grams of silver.

{ What is marijuana use like in his time? } and {What about the opioid crisis and other harmful drugs}?

Cannabis is kept but is seen as primitive if you smoke it. Instead, they have an altered synthetic THC molecule that gives a much better high with no negative side effects (dry mouth, dry eyes, paranoia, etc.). Recreational drugs are very common and legal, and there's a wide variety, all synthetic, that do whatever job they're meant for even better.

Addiction is still around, but is easily managed with medication to the point it doesn't really matter. You get addicted, you can get clean tomorrow.

{How are we progressing on the social equality front? (racism, sexism, etc)}

This was one I asked early on, I was curious too. Most of that is pretty much eradicated, though he said the difference in treatment career-wise between male and female, we'd likely call sexist today. He said it's very biologically-based, so some jobs only take either male or female, with few exceptions. I asked for an example and he said generally, females perform more intellectual roles, such as teaching, and males more manual roles, such as mechanics.

{What kind of jobs to people have? Are we still service oriented?}

Sort of. Humans guide machines to do the work. I mentioned mechanics, I was curious about that because it seems like something we would've eradicated, and he explained that if, say, a drone breaks down, a mechanic would take it apart by guiding robots to do the heavy lifting, get into the computer of the drone, troubleshoot with the help of AI, fix the problem with the robots, get the drone working again. He said it's like every position is management, and your subordinates are robots.

{What societal problems does his society have?}

There is still some animosity between regular people and Naturalists, humans who choose to take immortality until they're 100 or so, and then choose to die. Jerry specifically compared Naturalists to humans who refuse to take medicine, and asked if we had a name for humans who do take medicine, or if it's just normal. I said fair point. He sees the Naturalists as kind of how we see vegans, but if vegans were way more hypocritical. Naturalists treat others who keep it as abominations of nature, despite scientists proving long ago (has this already happened? or will it happen?) that without our broken biology, humans could safely, naturally live to be nearly 200. He described them as very pompous people and treat others terribly, all just because they want to die.

{Do people still have children? What happens when you get tired of living? Do you stop taking the nano bots or is there a type of euthanasia? Maybe it hasn't happened yet as the oldest person is only 170...}

Yes, but it's not nearly as common. Most people don't, and those that do rarely if ever have more than one kid. If you get tired of living, which has happened according to him, you can go to have your nanobots shut off and then wait another 80ish years to die, or just get euthanized. Voluntary suicide is legal and generally seen as the way to go.

{ What happens to religions such as Christianity, Islam, Judaism and Buddhism? }

Buddhism sticks around as the most popular religion (not even 4% of human population), all the others are barely practiced at all and largely forgotten. Mostly everyone is atheist. When we first talked about future religions, he mentioned that the vast majority of humanity was atheist, with little pockets of religion still existing. Specifically, he said buddhism was still around and of all the religions, the most popular. He doesn't know much about it, but knows it's very popular in Tibet and is ceremoniously their official religion, one of the few governments to have one. Side note, they're one of the territories that gained independence in the 2040s.

{ How do people in his time view LGBT? How do people prevent interbreeding with relatives ? }

Sexuality is like hair color, you can just do whatever. No religion means no basis for homophobia, and overpopulation means no social pressure to procreate, so bang who you like. Population of 12 billion, I figure there's enough fish in the sea (not literally, apparently most fish are extinct).

{Does the UN exist?}

Yes, the UN sexists but has been overhauled so many times it's basically a whole new thing. Aside from India, United Amazonia (Brazil, Venezuela, a few others), New Haven (New Zealand) and the various republics that now make up the former US, power is pretty evenly distributed.

{What about race and colour?}

Races and color still exist but the concept of racism is largely gone. He said if anything, it's been flipped, since we've learned that "pure" humans are African, and most other races are in-part the result of breeding with other hominid species, making them less human technically.

{ What are some crazy new Innovations (other than time travel and Pockit and Immortality) that has ultimately changed the way people lived in that dimension.and how far has video, camera, VR quality and 3D replicating gone? }

He said he misses is the ability to download information. When you're born you're given a small brain implant that connects you to the internet, and the majority of your learning comes from that. Someone can bring up a topic you've never heard of, but in a matter of seconds you've got a fairly good grasp on the basics. The topics and depth of the information itself is very limited, but he says it's frustrating to hear about something new and not be able to just immediately understand what it is.

Cameras/videos didn't get much more advanced than they are today, at least in how we perceive them. They're high quality in the future, but because our eyes are biological and faulty, we can't get the full benefits from looking at them. Instead, you take a picture, and then have fun zooming in until you can make out essentially microscopic details. However, by the time of 2137, they're outdated technology as a whole. Instead you use the same product for emulating VR to capture an entire scene, and can them emulate it around you at a later time. Really enjoyed that one picnic you took after a long hike up a mountain? A picture can help you remember, but why not relive it and have it perfectly simulated around you in VR?

{ Marriage?}

Marriages are still a thing but they're equated to roommates for tax incentives, it's no longer considered a romantic affair. Instead, people are more fluid in their relationships and go along more naturally with how they feel instead of along arbitrary hallmarks like being "official." Most people have a romantic partner for a few years and then move on to someone else, with plenty of variance as well. People do meet and stay together for the rest of their lives.

{Can you travel to the future?}

Yes, forward time travel is possible, but hardly anyone does it. When going to the past, you can pay extra to have a bank account filled with proportional funds to live in that time, something Jerry's done. However, when traveling to a time that's already invented time travel, the same agency runs it throughout, so they will always send you to their agency to be processed and won't let you transfer funds so you don't ruin their economy. As such, going forward in time is being thrusted into the very bottom of a society you don't understand, so why would you do that when you can go back to the 80s and be filthy rich for a while?

{Do people live in Abundance or is there poverty? What about 9-5 jobs?)

Generally, people are pretty well off, but there's still poverty in some parts of the world. Much less than today. 9-5 jobs aren't a thing anymore, people work a few hours a day, 3 days a week. Mostly everything else is handled by AI.


DogeBonk (BSC $DOBO) 🏏 [>60m mc] - 🚨Passed Solidity Audit! Strong Marketing Campaigns💥 - Renounced Contract / LP burned / Currently Running, Huge Potential!

Finally during the war of meme coins arrises a coin that actually has memes! Come check out r/DogeBONK. Come for the awesome token, stay for the memes.

Added 1000 holders in the last 3 days and from just 50 community members to over 3500 telegram members and 3500 members of our subreddit! The memes and energy flowing in this community is unheard of. Just explore the memes on the website or search DogeBonk on Twitter. DogeBonk is the most memeable project in the crypto space since DOGE.

Bonkenomics:

  • 10% tax on all transactions:
  • 5% are distributed to fellow DOBO holders,
  • 5% are added to liquidity to create an ever rising price floor.
  • ->token with deflationary properties and automatic yield generation. (Burn wallet is receiving ~1% of all transactions FORTY% burned so far)
  • There was no presale and to prevent bots from sniping the token, you can only buy/sell 0.5% of the total supply at the time 🎯

Dogebonk Safu:

  • Liquidity was locked forever by burning all LP tokens 🔥
  • Ownership of the contract was renounced.
  • See proof on our website.
  • Contract is was certified audited (link below).
  • Top holder owns only 1.9% of the supply.
  • As microcap gems go, it’s an unruggable beauty.

Confirmed News:

  • Tiktok influencers are being looked at and currently negotiated.
  • We have a large US billboard campaign event which will generate a lot ton of content.
  • The marketing team is starting a twitch campaign that will generate huge viewership.
  • We have a web redesign of the website planned by the same company that made the bitcoin website.
  • Devs are based and created a MEMEcoin generator.
  • Ongoing partnership with Rubic!
  • Recently completed their AUDIT REPORT!

Information:

Telegram: https://t.me/dogebonk_community

Website: https://dogebonk.com 🌐

Buy on PancakeSwap: https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8 🍰

Buy on bonkswap: www.bonkswap.com

Whitepaper: https://dogebonk.com/whitepaper.pdf

Contract: 0xae2df9f730c54400934c06a17462c41c08a06ed8 📝

How to buy: https://dogebonk.com/#howtobuy 📖

Solidity Audit: https://solidity.finance/audits/DogeBonk/


TAYLOR PROTOCOL IMPLEMENTATION

DLVP DESIGN

We mentioned earlier that some Cross-Chain Technologies use SPV Technology, but for the SPV Technology to query the data of a Block, the nodes need to download the full Block Header Info. Of course, SPV can verify by randomly selecting all nodes to request the corresponding Merkle Branch Proof. Then, based on existing data data, SPV verifies the Merkle Branch Proof and verifies whether the locally stored block is consistent with the valid block information from the full node. The first step for DLVP is to use Random Sampling and MMR to verify whether there is a target block in the Blockchain. The second step is similar to SPV. The Validating nodes need to get the corresponding block header information to ensure that the Merkle Branch Proof is associated with the15 target block. The working principle of the Discrete Lock Verification Protocol (DLVP) is described below. First we introduce a new data structure called MMR (Merkle Mountain Range).

This is a variant of the Merkel Tree, the Leaf Node MMR is the block header, and the root of this MMR will be stored in B12. The MMR data structure can easily provide the Merkle Branch Proof corresponding to any block, for example, B12 corresponds to the Merkle Branch Proof from B0 to B11.

If the current Merkle Root Data is stored in block B12, a verification node needs to verify the B5 orange mark) contained in the end of the blockchain, then, the validator can generate a Merkle Branch Proof (marked in blue) and forward it to other Validators so other Validating Nodes can restore the Merkle Root Data. The Root Data recovered using the Merkle Branch Proof is compared with the

Merkle Root Data stored in B12. If the two root data are the same, it means that B5 exists in this Blockchain, if not, B5 does not exist.

Figure: Merkle tree of MMR structure

The first step of DLVP is to verify whether the target hash exists in the blockchain, this means that the aim is to verify that a middle block fits into the end of the specific blockchain.  

For a blockchain based on “Proof of All” protocol, few resources are needed by nodes to verify the validity of a block. Only with the creation of a new block will large quantities of resources be spent. POW uses energy as a resource to fuel computational power whilst POS uses the percentage of coins held by a miner as a resource to generate more mining power.

In the event that an attacker is unable to control more than 50% of the network’s mining hash rate, said attacker will not be able to generate more blocks. Therefore, if the attacker wants to circumvent the validator, they will need to create malicious blocks. DLVP aims to prevent this by designing a sampling algorithm that will better enable the validator to detect malicious blocks.

The validator uses a small block header set to check the validity of the last block on the blockchain. For example, for a blockchain based on POW, the main resource used to validate blocks is computational power or hash rate.

If we state that the advantage of the honest nodes is α, the attacker will also be able to generate an α block when the honest node generates a new block.

See the figure below: Malicious block attack

Malicious block attack

Suppose that α = 0.4, when 5 blocks are generated by an honest node, the attacker will generate 2 blocks (in orange). In order to circumvent the validator the attacker will need to further generate another 4 malicious blocks (in red) to supplant the honest node. If the algorithm is able to discretely sample enough verification samples, it will be able to identify these malicious blocks. Therefore, DLVP protocol uses discrete lock verification to identify malicious blocks. In order to prove that a most recent block is a valid mined block, the validator will need to compare and choose the block with the longest “length”. It is only with this verification method that the most number of validators and honest nodes can be assured to select the same block.

The question now becomes one in which how a discrete sampling algorithm can be designed to ensure that the validator will be able to detect the majority of malicious blocks in the following case. If the random sampling distribution of a block is defined as non-increasing, it can be said that there is an equal or higher probability that there exists a distribution of the same block, therefore, the optimal sampling distribution of the block must be defined as increasing.

In addition, according to Bunz et al., the sampling distribution g(x) =1(x-1)lnδ is the most optimal at identifying malicious blocks. By employing the usage of this sampling distribution to sample (λ∗log-1α)n, the probability of a block suffering a failure and being captured by a malicious block is lower than 2n-λ, wherein n is the number of blocks.

To summarize, the DLVP protocol can meet Taylor’s needs and provide a cross-chain foundation for its’ real network environment.

TAYLOR-VM

Taylor-VM is a virtual machine that runs contract code in TSRT.

Taylor-VM is a high-performance virtual machine based on EVM, which enhances the performance of the original EVM. Taylor-VM has a running speed close to that of the computer's native hardware coding, while also providing a more flexible contract interface. Taylor-VM is designed for consensus execution and has enhanced various functions that adapts to contract code execution. In addition to implementing EVM standard specifications, Taylor-VM also provides the following enhancements:

Taylor-VM utilizes soft floating-point operations; the operations on the contract depends on the deterministic operations of the execution environment. Different from floating-point operations, each CPU has a different instruction set; If the CPU does not have any floating-point processor units, floating-point calculations will generate illegal instructions and exceptions. Soft floating-point operations can therefore provide absolute consistency, the results of contract code running in different environments are deterministic and consistent, and all abnormal calls and operation errors can be accurately handled. The highly optimized Taylor-VM engine can ensure the absolute consistency of the calculation process and calculation results.

Taylor-VM is a stack-based virtual machine that can provide the functions of a custom interface. Taylor-VM will import a set of standard host functions, defined as MEI (Taylor Environment Interface). The basic API provided by MEI supports algorithm signatures, digest operations, block data, state storage, etc.

The code running on Taylor-VM can provide Token function interface, transfer and community voting for a series of applications.

Taylor-VM defines the following basic protocols:

(i) Pledge;

(ii) Assets;

(iii) Management

In TSRT, a series of Taylor ABI calls of Taylor-VM are defined as transactions. In the Taylor ABI call, all transactions use a unified message format, and finally all are decoded into Solidity code for execution. Taylor will separate the execution process of the transaction and store the data in the log. The log data supports fast index query. When the user wants to determine whether the transaction is executed correctly, he can query the transaction log and transaction hash through the index, and extract the execution data from the stored data to obtain the current transaction status.

The transactions in Taylor are a universal collection of signature data. Like Ethereum, the transaction structure in Taylor does not have a separate transfer amount value field and uses a transfer function contract provided by a similar system. When a user initiates a transfer, the sender needs to use the signature package to call the contract data and send it to the P2P network. The sender will not get any return value but will generate a special transaction hash. After the transaction is packaged into the block and executed by TSRT, the user can query the status of the account after the transaction.

See the figure below for details: Taylor-VM architecture

Taylor-VM architecture

Taylor-VM transactions in Taylor can be expressed by the state transition equation:

https://preview.redd.it/47b0tq48tdz71.png?width=379&format=png&auto=webp&s=53088369174c19ee45e547472d013ae43b1cf9b7

S is the state of the account before the transaction, input is the encoded data called by the contract, func is the signature of the function called by the contract, and account is the sender. Taylor can obtain the sender's information from the signature data, and can also decode the transaction data to obtain the signature function and input parameters, and can support multiple signature formats. After the transaction data initiated by the user is packaged and verified, the account status is changed in Taylor-VM. Taylor's account system is different from Bitcoin and Ethereum. Taylor's account does not disclose the key hash of a certain signature algorithm, but the account address supports multiple signature algorithm formats. Since the account address can use the multi-signature algorithm, Taylor can natively support a variety of encrypted assets with different signature formats, realizing multi-currency payment scenarios.

Taylor-VM accumulates gas consumption during transaction execution, and Taylor-VM has built-in calculations and measurements. Gas consumption can be calculated in batches for all instructions, stack occupation and resource consumption states. When gas is insufficient or execution error occurs, Taylor-VM will deduct gas consumption and restore the account state to the state before the transaction.


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Coinbase Card Best Strategies

Hey everyone! Hope you're all having a great Saturday.

This is a very long post. I wrote it over a week or two - some numbers may have changed. I’m looking at the concepts not actual timing of numbers. It shouldn’t affect this post.

TL;DR: I'm interested in discussing the best path to maximize usage and benefits of the Coinbase card. I want to hear other thoughts on how to use the card to get the most crypto.

I've been using the Coinbase card for two months now. I'm putting the general card details down, my thoughts and how I'm using it now. I'd love to hear other people’s thoughts on how to best grow your net worth + crypto through using it.

I searched around on Reddit and from what I could find there are a few posts about the card, but nothing going in depth on the optimal way to use it. I'm into budgeting, churning and personal finance - hearing other people’s thoughts in this area appeals to me.

TL;DR 2.0: I'm not a financial advisor, HODL.

Overview:

For those that don't know Coinbase has a debit card that you preload with USDC or a coin of your choice to spend while you use it. You must prefill your account with the crypto you choose to use the card. It uses that crypto to do your purchases, then gives you a small return of a crypto of your choice from a list of options based on how much you spend.

In general, I'm a big fan as it’s much easier to budget your money on a preloaded debit card. I put all my budget on it for the month and spend away knowing that I can't go over. Since it also has crypto back it competes with credit cards (CC) that offer cash back incentives. I try to avoid credit when the benefits aren’t there as it’s easy to overspend if you're not careful. CC benefits is why I historically would do most purchases with a CC.

I see the card as a great way to help me budget and not overspend. Since you get rewards similar to a CC I don’t feel like I’m missing out by using a debit card. Ultimately this makes it easier for me to avoid getting debt, and instead spending only what I have and growing my net worth.

Rewards:

For every dollar you spend with the Coinbase card you get:

4% back on -

  • XLM
  • GRT
  • AMP

1% back on -

  • BTC
  • ETH
  • DOGE
  • DAI

Since there isn't any conversion cost to go from XLM, GRT or AMP to another coin on Coinbase I see them as the obvious choice. Maximizing your return at 4%. The follow up question I have is should you hold one of those coins or convert to something like BTC or ETH? You could also do a different altcoin you're bullish on.

I'm bullish on XLM thinking it has a lot of potential use for the future, but it is a bit stagnant and would love to hear other people’s thoughts on what they think is the right path for rewards.

Also, a little bit curious if anyone does the 1% back? I don't really understand why Coinbase gives 4% back in some, but 1% in others. I don’t see why someone would pick the 1% unless they don't like the 4% coins and don't want to have to manually do conversions to something like BTC occasionally.

Benefits aside I'm curious if they have deals where those coins are donating coins to Coinbase to support the 3% difference, with a goal to grow their user base? Where is that 3% difference coming from, I have no idea.

Fueling the Card:

To use the card, you need to have it pay with a coin of your choice that you have in Coinbase. I'm going to split these into two sections: USDC, and any other crypto. Read below to see why.

USDC

USDC has the below benefits going for it that I can tell on Coinbase:

  1. Free transfers from your bank and free conversion from dollars.
  2. .15% APY return.
  3. No fee spending USDC with the card.

The first point is nice since Coinbase charges a fee to buy almost all coins from dollars except USDC. Essentially if you have $100, you can turn it into 100 USDC and spend it on the card without a change in value.

Second point is meh IMO, it’s not much of a return on the dollars you keep, but it’s something so I'll call it out. Plenty of checking or savings accounts at normal banks offer similar returns. Also, inflation these days causes more damage than a .15% return gives.

Third point is important, other coins have a 2.49% 'conversion' fee that Coinbase charges to turn the coin of your choice into dollars to spend. I go into this more in the other crypto section below.

Other Crypto

For sake of simplicity and an example let us say I decide to use BTC as my coin to purchase with. You however can choose any coin you want, the math below should all be the same.

It has these negatives:

  1. Free transfer, but a conversion fee from dollars to BTC.
  2. 2.49% conversion fee for Coinbase to convert the coin into dollars to spend.

But it has this positive:

  1. Nonstable coins change value as an investment. BTC in the last month at the time of writing this has gone up 41.35%. Your 100-dollar budget as you spend through it could potentially become more money sitting there as you spend it.
    1. It is important to note here that this is great for a bull cycle. If an event like May happened again you could lose a lot of money from your budget. I would not recommend this method to anyone who doesn't have a fully stocked emergency fund especially if you use this method to buy necessities such as groceries. Do not invest money you can't afford to lose.

I currently am doing USDC to fund the card, it is safe, and I'm getting 4% back. What I'm curious about is would I make more if I spent BTC instead? What do others do and how has it worked out for you? To help dig in I've put an example below.

Example

For simplicity let’s say a person named Sydney has the Coinbase card and has a budget of 100 dollars a month for toys and games. They use their Coinbase card to only buy toys and games. This helps them keep a budget on not overspending in this area. To also help keep the example simple let’s say a month has four weeks, and Sydney spends 25 bucks a week of her budget. At the end of the month, she adds another 100 dollars.

Again an example, 100 keeps it simple, 4 weeks in a month, 25 bucks a week. Also helps keep math simple as 4% of 25 is 1 dollar for returns.

Sydney uses USDC

On the first of the month, she buys 100 USDC. She chooses to get 4% XLM back as her reward in this and the BTC example.

Week Spend Balance + 4% XLM back
1 25 USDC 75 USDC, $1 XLM
2 25 USDC 50 USDC, $2 XLM
3 25 USDC 25 USDC, $3 XLM
4 25 USDC 0 USDC, $4 XLM

Pretty simple, she had no transaction fees to use the card always getting to use 25 USDC a week and ends the month with no USDC and $4 of XLM which is great. XLM likely could have gone up a bit in a month but we'll ignore the rewards as both examples end with the same amount of XLM.

Sydney uses BTC

Buying $100 worth of BTC costs Sydney $2.99 so she ends up with $97.01 worth of Bitcoin in Coinbase.

Bitcoin changes price but overall has always gone up over long periods of time. In the last year it has gone up 363%, this example isn't meant to be perfect - only show the benefits of using BTC to spend. For simpler math we'll do 363 (gain in a year) / 52 (weeks per year) = average 6.98% gain a week.

I want to call out that this is purposefully simple. Some months like May Sydney could lose half her budget, but other months she could have extra budget to spend. Considering this is fun and games money and not essentials Sydney is OK with that risk if over time she comes out ahead. She understands that risking things like shelter, food, and utilities isn't worth it.

Week Spend + BTC conversion fee Balance + 6.98% BTC value gain + 4% XLM back
1 $25 BTC + $.63 BTC fee $79.561 BTC, $1 XLM
2 $25 BTC + $.63 BTC fee $57.695 BTC, $2 XLM
3 $25 BTC + $.63 BTC fee $34.304 BTC, $3 XLM
4 $25 BTC + $.63 BTC fee $9.278 BTC, $4 XLM

A bit more complex here, we see that buying BTC starts her off lower than 100 unlike USDC did. Also spending BTC has a 2.49% fee which for $25 dollars is $.63 cents. At first this seems like a bad choice, but given how BTC grows these fees are overshadowed, and Sydney ends the month with $9.278 BTC plus the same amount of XLM as if she used USDC.

Now if she decides she could spend those gains for more games, or keep that BTC to HODL which would slowly stockpile up.

How I'm using it

I do USDC and get XLM back which I keep as is. I budget and put my fun money and some of my necessity’s money on it for things like groceries. Since USDC doesn't change I feel safe doing this and its nice getting 4% XLM back on more purchases.

I'm not comfortable going all in on BTC for spending. If a month like May happens, I don't want to be unable to eat unless I sell other crypto investments.

What I'm thinking of changing to is putting necessity money in as USDC which won't change so I can get the 4% XLM return. Then putting my budget for non-essentials into BTC. On average over long term I'll go up and profit, if a month like May happens I'm fine - one month will be less exciting and I can work on the 1000 unfinished steam games and 30 unread books I own to keep me entertained for that month.

*edit for grammar/wording.


PSA to not tell people you own crypto currencies.

Has anyone else here felt the slight hostility when the discussion of crypto comes up with people who are not very familiar with the subject?

Tonight I had a bit of argument with my old man, who proceeded to tell me that Bitcoin was the biggest waste of money he’s ever heard of (this is a man who doesn’t own any stocks, no retirement fund, anything of that kind). “It will one day go to zero, giant scam” were the words that were used.

I find that sometimes it’s just best to keep even the thought of owning crypto to yourself. Whilst it has changed my life for the better and opened up so many opportunities for me, and I wish that I could help those around me in the same way, it almost feels taboo. People are either on one side of the fence or the other and sometimes no matter how hard you try, you can’t convince them. So maybe it’s best to save yourself the trouble and just worry about yourself.

On the other hand however, I do believe that people should have a failsafe in place, for the unfortunate event that you pass. That way at least my partner can one day be set up for the future, even if she doesn’t understand it very well.

I’m assuming a lot of people here have probably suffered the same experience?


Harmony Bridge Marketing Suggestion: Free BTC Bridge To Harmony Network First 30 Days?

Harmony talks about marketing quite a bit.

I think the upcoming public release for the Bitcoin bridge is a perfect opportunity for a marketing event.

Harmony should consider subsidizing the bridge BTC --> Harmony Network. This can be in the form of covering all fee's for the bridge transfer into the network ( no subsidy for Harmony --> BTC)

This type of marketing event would have multiple positive affects.

  1. Will encourage more liquidity to the network
  2. Will increase exposure of Harmony One to the public
  3. Will increase confidence in using the bridges in the future

Of course, there would have to be some limits to the promotion, to prevent abuse. Here are some considerations:

  1. Put a minimum on the amount transferred (0.01 bitcoin or more).
  2. One free transfer per address
  3. Cap the overall number of free transfer for the entire network

Since Harmony has a $300 million dollar startup fund, I think they could allocate some money towards subsidizing the BTC bridge as a promotion. I will likely transfer some BTC into the network no matter what, but, if there is a free promotion, it may quicken the process and will certainly build up my confidence in its use.

What do you think?


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Смотрите итоговый сюжет на нашем канале.

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The AIBC Conference in Malta from 15th to 19th November is seen as one of the world's premier blockchain and crypto events. Speakers include Justin Sun of Tron, Brooke Pierce of the Bitcoin Foundation, and Ivan on Tech from Youtube.

The AIBC Conference in Malta from 15th to 19th November is seen as one of the world's premier blockchain and crypto events. Speakers include Justin Sun of Tron, Brooke Pierce of the Bitcoin Foundation, and Ivan on Tech from Youtube.

We'll be showcasing CryptoPerformance at the AIBC Conference, and we'd like to encourage you to join us! You can find us at Booth S63.

#AIBCconference #CPCblockchain #CPCchain #blockchain #business #digital #future #opportunity #cryptoperformance #finance #financialindependence #fintech #cryptomarket #elite #cryptonaires #onlinesecurity #justinsun #bitcoin #brookepierce #malta

https://preview.redd.it/1uyk3zu5jdz71.jpg?width=1280&format=pjpg&auto=webp&s=5a1686127dd64a811d9c10296ceb6a08d1b599c8


▶️Watch our Co-Founder Tarun Malik’s exciting DeFi Panel Discussion on Crypto Fest 2021 organised by Bitcoin Events is a festive gathering of global speakers like Sandeep Nailwal(Co-founder Polygon),industry enthusiasts. Watch- https://t.co/fU6qwqAYUw RT- https://t.co/VNuCqmHbi8

https://i.redd.it/hb96fw3lmdz71.jpg

The AIBC Conference in Malta from 15th to 19th November is seen as one of the world's premier blockchain and crypto events. Speakers include Justin Sun of Tron, Brooke Pierce of the Bitcoin Foundation, and Ivan on Tech from Youtube.

The AIBC Conference in Malta from 15th to 19th November is seen as one of the world's premier blockchain and crypto events. Speakers include Justin Sun of Tron, Brooke Pierce of the Bitcoin Foundation, and Ivan on Tech from Youtube.

https://preview.redd.it/uhgyka099dz71.jpg?width=1280&format=pjpg&auto=webp&s=db0e3d06c47316b9b79ca28f660bbd402fcd3344

We'll be showcasing CryptoPerformance at the AIBC Conference, and we'd like to encourage you to join us! You can find us at Booth S63.

#AIBCconference #CPCblockchain #CPCchain #blockchain #business #digital #future #opportunity #cryptoperformance #finance #financialindependence #fintech #cryptomarket #elite #cryptonaires #onlinesecurity #justinsun #bitcoin #brookepierce #malta


Why Nobody Can Hack a Blockchain

A typical slip-up that new cryptographic money financial backers make is to confound the hacking of a blockchain with that of a computerized trade. Though tragically concentrated advanced trades get hacked more than they ought to, decentralized blockchain hacks are exceptionally uncommon, as they are difficult to accomplish and give minimal motivation to do.

In this post, we see what makes blockchains — as applied in the digital money area — impenetrable to security breaks. Cryptocurrency Frauds

What Makes a Blockchain Withstand Hacks?

Decentralized and Open-Source Protocols

The blockchains behind most cryptographic forms of money are shared (P2P), open-source and public, permitting everybody with the right hardware and information to look in the engine. This is essential to cultivate straightforwardness and draw in purchasers.

A blockchain includes distinctive innovative instruments cooperating towards a shared objective. For example, there are agreement instruments like proof of work (PoW) and proof of stake (PoS) that ensure the organization by alleviating digital assaults from programmers.

A blockchain's decentralized nature implies that its organization is dispersed across numerous PCs known as hubs. This wipes out a weak link. At the end of the day, it is basically impossible to "cut the head off the snake" — on the grounds that there isn't any head.

The design of a blockchain decides how the hubs coordinate in checking an exchange prior to being focused on the convention. On account of Bitcoin and other PoW frameworks like Bitcoin Cash, at least 51% of the hubs should consent to the exchange before responsibility.

Hashing Algorithm

Every exchange is known as a square, and the interconnection of a few exchanges turns into a blockchain. Outstandingly, a square has cryptographic components that make it remarkable. An organization's hashing calculation decides the subtleties. For instance, the Bitcoin blockchain utilizes the twofold SHA-256 hash work, which takes exchange information and hashes/packs it into a 256-cycle hash.

By making it difficult to turn around the hashed esteem, an exchange becomes unyielding. Each square in a chain contains a particular arrangement of information from the past block. In this way, regardless of whether a malignant entertainer picks apart the hash, the resultant square would be out of sync with the remainder of the squares since it will have an alternate hash yield, hence making the framework reject it.

51% Attacks Are Improbable

The more extended a blockchain exists and the more new clients it draws in, the more outlandish it is to experience a 51% assault because of its developing hash power.

Note that for a programmer to pick apart an exchange's hash, they need to control basically 51% of a blockchain's power.

This turns out to be restrictively costly at one point. Along these lines, considering the size of set up blockchains like Ethereum and Bitcoin, such a situation is almost unthinkable.

What might be said about Quantum Computing?

Another justification for why it's significantly harder to hack a blockchain is that on the off chance that the square being re-hashed is at the center of the chain, the aggressor would need to re-hash past squares to adjust their chronicled stamp to the new square.

For Bitcoin, this is just conceivable with the up and coming age of quantum processing, which right now doesn't exist. What's more, in any event, when it does, who's to say there will not be a blockchain-based quantum guard system to moderate quantum assaults?

PoS-Based Hacks

In PoS-based frameworks, stakes decide the strength of the organization. To intricate, this implies those clients who have appointed or effectively locked their local blockchain resources for take an interest in exchange handling and tracking down new squares. On such frameworks, an assault happens when a programmer controls a greater part of the stake.

This is conceivable when the programmer amasses more than 51% of all coins available for use. For legitimate organizations like the advancing Ethereum 2.0 stage, this is everything except inconceivable. Envision attempting to find the assets to purchase up 51% of ETH's current $68 billion market cap!

Financial aspects of a 51%

You can't organize a covertness 51% assault without making a lot of shortage, as your buying of coins will make the accessible ones soar in worth to staggeringly significant levels. Alternately, when the blockchain members discover you own a greater part of the coins, they will probably sell their possessions, subsequently slumping the market with overabundance supply. So you'll wind up purchasing high, and selling low!

How Do Blockchains (Rarely) Get Hacked Then? Reply: Hash Rate

Great inquiry. It comes down to the strength of an organization. Outstanding 51% assault casualties incorporate Ethereum Classic, Bitcoin Gold, Electroneum, and most as of late Grin. The Ethereum Classic organization utilizes the PoW agreement calculation. In spite of the fact that Bitcoin utilizes a similar calculation, ETC has a much lower number of hubs and diggers getting the framework. Accordingly, it has lesser handling power, making it simpler for an aggressor to take control.

The Future of Blockchain Hacks

Up until this point, no one has without any help hacked a blockchain. All things considered, it's typically a gathering of malevolent entertainers or the center dev group that work together to break a blockchain's security. Nonetheless, as blockchain stages get more grounded through an expansion of hubs or stakers, the chance of hacking a decentralized organization is progressively moving towards nothing.

Also, more up to date blockchain frameworks use scholastically demonstrated procedures that would require profoundly specific quantum PCs to hack.

To summarize everything — assuming you at any point hear somebody saying that a "blockchain was hacked!" you currently have the devices to (affably) right them and send them out the door.

This article contains connections to outsider sites or other substance for data purposes just ("Third-Party Sites"). The


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