Subtipper has just tipped the top posts for this community! [03:28 GMT April 24, 2022]

Thanks to all posters for providing great content!

The top posts since the last payout (~1 week) have been tipped 1 US cent per vote, or 3188 sats per vote.

For an explanation of Subtipper and how it works, please see this article.

 

Winning posts:

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Another business in South Florida starts accepting Bitcoin Cash... Let's go! by u/Mafalzon

[tip] - 401688 sats = 0.00401688 BCH = ~1.26 USD

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Tips not claimed within 7 days will be returned to the Subtipper fund and tipped out to future posts.

 

To support this bot, help spread Bitcoin Cash, and encourage great content in the r/btc community, tip this post using Chaintip by including u/chaintip in your comment!

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Note: this payout event was triggered by block 737169, which was mined more than 3 days since the last event and has the last three hex digits of its hash (joined as a number) strictly smaller than 7. The BCH price at the time of activation was $313.64

I'm looking forward to using NFT tickets

I've heard that these NFTs tickets would offer us numerous benefits so I'm so hyped about it, can't wait for that to become a ticketing system we use on a daily basis, that would bring so many solutions for everyone.

I figured it out on NFT TiX how would all that work for us users, buyers, or however would you call us, so this is what I would like to share with you guys:

Event organizers can adopt a variety of loyalty programs, including prizes and discounts, admission to VIP areas, and the chance to receive an artist's autograph.

Other benefits include selling NFT tickets as collectibles or reselling them on the secondary market, as well as safety benefits, which I learned about actually in one article: "Blockchain technology makes NFT ticket transactions much safer, primarily if they are issued on large networks like Bitcoin, Ethereum, and Binance (and BSC), which are almost impossible to hack due to the features of distributed registries."

According to the study, around two-thirds of customers are concerned about purchasing a fake ticket or becoming a victim of another sort of fraud. As a result, NFT tickets will fix all of these issues! What do you think about it?

Here is why Germany is ranked the most crypto-friendly country

The journey from crypto skepticism to enthusiasm: What allowed Germany to become the most attractive country for crypto investments?

Germany has risen to the top spot of Coincub’s guide to the most crypto-friendly countries in Q1 2022. The European country allows its long-term domestic savings industry to utilize crypto investments, supported by its zero-tax policy on long-term capital gains from crypto, and its number of Bitcoin and Ethereum nodes is second only to the United States.

In 2019, Germany was the first country to adopt a blockchain strategy to harness the technology’s potential for advancing digital transformation and to help make it an attractive hub for the development of blockchain, Web3 and metaverse applications in fintech, climate tech, business and govtech, including Germany’s digital identities project.

The German Savings Banks Association — a network of 400 savings banks in German-speaking countries — started developing fintech blockchain applications to enable customers to buy and sell cryptocurrencies. Various companies such as Volkswagen, About You, SAP, BrainBot and BigchainDB have been developing NFT, metaverse, Web3, govtech and crypto payment applications that are widely used in e-commerce to purchase goods. Jacopo Visetti, an adviser to C3 — a team of operators and investors who back companies working to reduce emissions — explained to me:

“C3 is a climate tech company developing advanced technological infrastructure allowing to bridge carbon credits from international standards to the blockchain by means of tokenization.” To fund the development of these technologies, Roundhill Investments, an ETF sponsor focused on innovative thematic funds, launched the Roundhill Ball Metaverse UCITS ETF on the Deutsche Börse Xetra, describing it as Germany’s first metaverse exchange-traded fund. Furthermore, Germany’s Fund Location Act allows pension funds, insurance companies, family offices and corporate investment funds to allocate up to 20% of their assets in digital assets.

As of the end of 2021, approximately 2.6% of Germans have used cryptocurrency. And according to a recent report from KuCoin, 44% percent of Germans are motivated to invest in crypto.

German investors can get involved with crypto and blockchain via companies and platforms such as 1inch Exchange, Nuri, FinLab, Minespider, the NAGA Group, Tangany, Coindex, CryptoTax, Upvest, Fiona, Blocksize Capital, USDX Wallet, Bitbond and the Iota Foundation, or they can shop on Sugartrends using Dash. As Mark Mason, communications and business relations manager at Dash, explained to me:

“Dash is an alternative cryptocurrency that provides financial freedom without borders. It accelerates financial inclusion by allowing people to use their phones as bank accounts. It is decentralized, permissionless and censorship-resistant.”

Germany is among the top 10 countries for crypto mining and is home to the European Union’s largest mining company, Northern Data — which is powered almost entirely by renewable energy. Crypto mining is taxable as a business.

Numerous blockchain startups have settled in Germany’s crypto capital of Berlin, with fintech angel investor Christian Angermayer’s Apeiron Investment Group backing Berlin-based Denario and Penta, as well as Cologne-based Nextmarket and Frankfurt-based Northern Data.

Paycer, a Hamburg-based fintech startup company specializing in cryptocurrencies and decentralized finance, is developing a bridge protocol that will aggregate DeFi and cross-chain crypto services and combine them with traditional banking services.

Berlin-based fintech startup Forget Finance, on the other hand, focuses on motivating young people to save and invest in crypto using online coaching via a mix of AI bots and real financial experts.

According to a survey from Deutsche Bundesbank, Germany’s central bank, the share of cash payments in point-of-sale transactions made by German consumers dropped from 74% in 2017 to 60% in 2020. Accordingly, Bundesbank has been working on distributed ledger technology asset settlements. Meanwhile, the European Central Bank is exploring creating a CBDC, dubbed the digital euro. Recent research commissioned by the ECB, based on discussions with panels of EU citizens, emphasizes security and universal acceptance as primary concerns.

The metaverse is the next wave of Web3, changing how we interact, socialize, work, play video games, fund charities, purchase and sell nonfungible tokens, and attend concerts, sports events and conferences. In 2017, the ZKM Center for Art and Media in Karlsruhe acquired a number of NFTs, well ahead of the craze of 2021, and it is now exhibiting works from its own collection and private lenders on the “ZKM Cube” — an outdoor, publicly viewable cube-shaped screen. Margit Rosen, head of the collection, archives and research department at the ZKM, shared the details with me in an interview.

Since the onset of the NFT craze, German sportswear company Adidas has teamed up with Bored Ape Yacht Club and with Prada for a charitable climate-focused NFT art project on the Polygon blockchain to raise awareness. Additionally, the German auto company Volkswagen has launched a successful interactive NFT ad campaign.

Brian Shuster, founder and CEO of Utherverse, explained to me: “Utherverse has been building and operating an online virtual world community where one can socialize in real time, attend events and start a business, since 2005. Utherverse has combined the best of the internet, gaming and virtual reality for the ultimate metaverse experience. For example, Secret City is a game developed by Utherverse Digital Inc., with 81% of its users in Germany. Having developed more than 100 patents and pending patents for core internet technologies and the metaverse, we are the undisputed leaders of metaverse architecture and VR economics. There’s a ton of noise out there relating to the metaverse, and frankly, most companies claiming to offer properties and token coins have dangerously underestimated the complexity of the task at hand. Almost every company that’s tried to make a metaverse work has failed. The third generation of Utherverse and its utility token is expected to be unveiled in Q2 of 2022.”

Germany is a member of Europol’s Joint Cybercrime Action Taskforce, which works to fight transnational cybercrime. According to a 2022 report from Europol:

“The use of this virtual currency for criminal activities and laundering of profits has grown over the past years in terms of volume and sophistication. […] The criminal use of cryptocurrency is no longer confined to cybercrime activities, but now relates to all types of crime that require the transmission of monetary value.” After being tipped off, Germany’s Federal Criminal Police Office, or the Bundeskriminalamt, took down the servers of Hydra, the world’s largest illegal dark web marketplace. Hydra has facilitated over $5 billion in Bitcoin (BTC) transactions since launching. Germany’s move was followed by the U.S. Treasury Department issuing sanctions against Hydra in a coordinated international effort intended to “disrupt the proliferation of malicious cybercrime services, dangerous drugs, and other illegal offerings” available through the Russia-based site.

Gurvais Grigg, public sector chief technology officer at Chainalysis, told me: “The takedown of Hydra is notable not just because it was the largest darknet market in operation, but also because it offered money laundering services that enabled the conversion of cryptocurrency into Russian rubles.” He continued:

“Taken together with the sanctions against Garantex as well as Suex and Chatex last year, government agencies are clearly targeting cashout points that cybercriminals use for ransomware, darknet market sales, scamming and, potentially, sanctions evasion.”

Germany is one of the few countries in Europe that has started to regulate cryptocurrencies ahead of the European Union’s Markets in Crypto Assets, or MiCA, regulation. According to Robin Matzke, a lawyer and blockchain expert who advised the German Bundestag, Germany’s crypto custody regulation requires those who control private keys on behalf of others and serve the German market to receive a license from the Federal Financial Supervisory Authority, regardless of whether they hold other similar licenses within the EU.

The EU’s new Transfer of Funds Regulation also provides disclosure rules for “unhosted” wallets, or crypto wallets not managed by a custodian or centralized exchange. Lone Fønss Schrøder, CEO of the blockchain company Concordium, explained:

“The new draft regulations require significant changes in the way current cryptocurrency transfers are made. It may be a huge challenge for the decentralized crypto solutions that hold anonymity as a core value and are committed to peer-to-peer (P2P) and self-custody. Moreover, many projects could be held back by their community from changing their solutions.”

We need to Fight for Decentralization and Privacy!

As early blockchain adopters, we must bring decentralization to the masses and fight with the tech behemoths that are its natural enemies. If you’re into cryptocurrency or blockchain, there’s a good chance I don’t have to spell out the benefits of decentralization. You’re a first-generation user of a technology that will increasingly define the future of the internet, and you have front-row seats to the world premiere of Web3.

The internet’s use and control were always as centralized as we see now. In the early days, under the stewardship of the United States Department of Defense, the network needed not to rely on one core computer. What if a terrorist attack or missile strike took down the principal node? Individual network parts had to communicate without relying on a single computer to reduce vulnerability.

Later, the unincorporated Internet Engineering Task Force, which facilitated the development of all internet protocols, worked ceaselessly to prevent private companies or particular countries from controlling the network.

Today, centralized app nodes are controlled and operated by the planet’s richest organizations, collecting and storing billions of people’s data. Private companies control the user experience on apps and can incentivize and manipulate behavior. From a reliability standpoint, billions lose their primary means of communication when centralized nodes go down — as in recent incidents with Facebook, Instagram, WhatsApp and Messenger in October 2021.

We have also seen how little the tech behemoths think of our privacy when dollar signs appear in their eyes: They harvest and sell our data on an industrial scale. After 10-plus years of using people as advertisers’ products, Mark Zuckerberg has brazenly co-opted the metaverse. Google and Apple, meanwhile, continue their incessant mission to enter every corner of our lives.

Even in Silicon Valley, ensconced within Western notions of freedom and individuals’ rights, tech empires rarely choose a principled stance over a large, lucrative market. When centralized powers such as Moscow, Beijing or Istanbul ask for censorship and control, they usually get it. Fundamentally, we cannot trust the tech giants with the innermost details of our lives; the centralization of control over the internet is undermining or forestalling democracy everywhere.

Taking our power back

We should not be surprised that tech behemoths have become the natural enemies of decentralization: Centralization is a natural instinct for those in control. Until the advent of the internet and the blockchain, centralization often meant convenience and simplicity. In the Middle Ages, a distributed system of vassal lords meant the monarchy lacked control, and money seeped through the cracks of corruption.

With time and distance no longer problematic in the internet age, Big Tech’s drive toward centralization is less surprising. Can we be astonished by the horrific results of attention-grabbing algorithms, such as attempted genocides or political manipulation based on psychometric analysis of user data? Centralization has consequences.

Distributed ledger technology provides a practical alternative. Social media, messaging, streaming, searching and data-sharing on the blockchain can be fairer, more transparent and accessible, and less centralized. Conversely, this does not mean data has to be less private.

In XX Messenger’s case, which my team and I launched in January, XX Network nodes process anonymous messages worldwide, shredding metadata for recipients and timestamps. With XX, there is privacy and decentralization. Later, this new paradigm of communications and information-sharing makes a significant extension and reinvention of democracy possible.

There are moments in history when two separate events combine to tell a greater truth. In 2008, when Lehman Brothers Holdings Inc. crashed in the wake of the Great Recession, it seemed to be the death knell of centralized financial institutions, despite the economic pain it would herald. Then, little more than a month later, Satoshi Nakamoto published the Bitcoin (BTC) white paper, the revolutionary blueprint for modern peer-to-peer currency. There’s an important connection between these two momentous events, yet the words “Bitcoin,” “blockchain” and “cryptocurrency” draw eye-rolls from those who misunderstand centralization’s issues.

In the autumn of 2008 was the opportunity to begin telling a story: It is up to us — the cryptographers, privacy lovers, traders, developers, activists and converts — to carry the torch of decentralization and democracy. If there was ever a tale that deserved to be told, beginning to end, it is this one.

TLDR: LET'S FIGHT TOGETHER FOR DECENTRALIZATION!

The loss of privacy: Why we must fight for a decentralized future

As early blockchain adopters, we must bring decentralization to the masses and fight with the tech behemoths that are its natural enemies.

If you’re into cryptocurrency or blockchain, there’s a good chance I don’t have to spell out the benefits of decentralization. You’re a first-generation user of a technology that will increasingly define the future of the internet, and you have front-row seats to the world premiere of Web3.

The internet’s use and control were always as centralized as we see now. In the early days, under the stewardship of the United States Department of Defense, the network needed not to rely on one core computer. What if a terrorist attack or missile strike took down the principal node? Individual network parts had to communicate without relying on a single computer to reduce vulnerability.

Later, the unincorporated Internet Engineering Task Force, which facilitated the development of all internet protocols, worked ceaselessly to prevent private companies or particular countries from controlling the network.

Today, centralized app nodes are controlled and operated by the planet’s richest organizations, collecting and storing billions of people’s data. Private companies control the user experience on apps and can incentivize and manipulate behavior. From a reliability standpoint, billions lose their primary means of communication when centralized nodes go down — as in recent incidents with Facebook, Instagram, WhatsApp and Messenger in October 2021.

We have also seen how little the tech behemoths think of our privacy when dollar signs appear in their eyes: They harvest and sell our data on an industrial scale. After 10-plus years of using people as advertisers’ products, Mark Zuckerberg has brazenly co-opted the metaverse. Google and Apple, meanwhile, continue their incessant mission to enter every corner of our lives.

We also know what happens when authoritarian governments come knocking on the doors of these centralized mega-warehouses of data, fed by our devices that function as a surveillance army. We’ve seen in Ukraine the awful, large-scale violence that can be excused or hidden when media and military power comes under authoritarian control. In some countries, the state has unprecedented access to every aspect of citizens’ behavior, monitoring everything from internet search history to minor social infractions. Systems that would horrify even George Orwell are only possible because of centralization.

Even in Silicon Valley, ensconced within Western notions of freedom and individuals’ rights, tech empires rarely choose a principled stance over a large, lucrative market. When centralized powers such as Moscow, Beijing or Istanbul ask for censorship and control, they usually get it. Fundamentally, we cannot trust the tech giants with the innermost details of our lives; the centralization of control over the internet is undermining or forestalling democracy everywhere.

We should not be surprised that tech behemoths have become the natural enemies of decentralization: Centralization is a natural instinct for those in control. Until the advent of the internet and the blockchain, centralization often meant convenience and simplicity. In the Middle Ages, a distributed system of vassal lords meant the monarchy lacked control, and money seeped through the cracks of corruption.

With time and distance no longer problematic in the internet age, Big Tech’s drive toward centralization is less surprising. Can we be astonished by the horrific results of attention-grabbing algorithms, such as attempted genocides or political manipulation based on psychometric analysis of user data? Centralization has consequences.

Distributed ledger technology provides a practical alternative. Social media, messaging, streaming, searching and data-sharing on the blockchain can be fairer, more transparent and accessible, and less centralized. Conversely, this does not mean data has to be less private.

In XX Messenger’s case, which my team and I launched in January, XX Network nodes process anonymous messages worldwide, shredding metadata for recipients and timestamps. With XX, there is privacy and decentralization. Later, this new paradigm of communications and information-sharing makes a significant extension and reinvention of democracy possible.

There are moments in history when two separate events combine to tell a greater truth. In 2008, when Lehman Brothers Holdings Inc. crashed in the wake of the Great Recession, it seemed to be the death knell of centralized financial institutions, despite the economic pain it would herald. Then, little more than a month later, Satoshi Nakamoto published the Bitcoin (BTC) white paper, the revolutionary blueprint for modern peer-to-peer currency. There’s an important connection between these two momentous events, yet the words “Bitcoin,” “blockchain” and “cryptocurrency” draw eye-rolls from those who misunderstand centralization’s issues.

In the autumn of 2008 was the opportunity to begin telling a story: It is up to us — the cryptographers, privacy lovers, traders, developers, activists and converts — to carry the torch of decentralization and democracy. If there was ever a tale that deserved to be told, beginning to end, it is this one.

Why is the "potential market cap of bitcoin" sometimes compared to the market cap of gold? (nɒn ˈsɛkwɪtər; Latin for "it does not follow")

Peter Thiel at the Bitcoin 2022 conference made this comparison but didn't really provide his reasoning for doing so. Gold's closest competitor (silver) has virtually no chance of "ousting" gold's #1 ranking in the world's precious-metalsphere.

From a risk perspective, what if Bitcoin's closest competitor hasn't been invented yet? What if 100 years from now, someone points to this exact Reddit post (for karma farming purposes, obv) to get a sampling of people mentioning Bitcoin's future black swan event that nobody has any way of knowing about yet?

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TL;DR: Why is the "potential market cap of bitcoin" sometimes compared to the market cap of gold? (nɒn ˈsɛkwɪtər; Latin for "it does not follow")

Our house burned down in hungary

I am very sorry that I have to this here but I am despreta. Please forgive me.

I am also sorry for my bad grammer. English is not my first language.

A few days ago my family home burned down. It was our home for generations. My grandfahter built this home with he's hand way back in the past. The fire was not our fault. There was a maniac in the neigbourhig home and he set a fire there. Then the wind blew it over to our trees than from there to our house.

Not only did our house burn down, but the life of 4 generations. My grandmother watched her life's work burn to the ground. The fire claimed all of her possesions.

Luckly no one was hurt. And everyone was able to escape quickly. We were able to rellocate but only temperarly.

I am here today to get help for our family. Right now we are seeking help with money. We would appreciate any amount that you could spare. It would mean the world to us.

Here is a short articale of the events that transpired here:

https://tenyek.hu/video/gyujtogatas-miatt-egett-porig-a-ket-haz

I must say again we would be greatfull for any help or donations. Please help us.

ETH wallet address: 0xb177c28d1b8b38a2581954179c23cc7399b6c027

Bitcoin wallet address: 1BMGmjphCnECRpsZvXMkUAuqURkX1tg5Nh

Ada (Cardano) wallet address: DdzFFzCqrhszAYG9Gj3jxM1tXaNJKu1jmAFnKu3f3fxXHybaJEhGidjfxvviXZ28Dm6UCeJmF3JXaZTBUGoHVW3FLgUwKPSPjvaGDuGH

Litecoin wallet address: LKEKcDipUn8Dz7RL7DaSwieJQPHhjiJDuD

We also have a GoGetFunding page:

https://gogetfunding.com/our-house-burned-down-in-hungary/

If anyone has any questions, you could ask it here or my email adress:

szeltner.levente2004@gmail.com

Thank you in advance for any help you may lend us! Everyone please stay safe check for fire safety equipment and hug your family.

Our house burned down in hungary

I am very sorry that I have to this here but I am despreta. Please forgive me.

I am also sorry for my bad grammer. English is not my first language.

A few days ago my family home burned down. It was our home for generations. My grandfahter built this home with he's hand way back in the past. The fire was not our fault. There was a maniac in the neigbourhig home and he set a fire there. Then the wind blew it over to our trees than from there to our house.

Not only did our house burn down, but the life of 4 generations. My grandmother watched her life's work burn to the ground. The fire claimed all of her possesions.

Luckly no one was hurt. And everyone was able to escape quickly. We were able to rellocate but only temperarly.

I am here today to get help for our family. Right now we are seeking help with money. We would appreciate any amount that you could spare. It would mean the world to us.

Here is a short articale of the events that transpired here:

https://tenyek.hu/video/gyujtogatas-miatt-egett-porig-a-ket-haz

I must say again we would be greatfull for any help or donations. Please help us.

ETH wallet address: 0xb177c28d1b8b38a2581954179c23cc7399b6c027

Bitcoin wallet address: 1BMGmjphCnECRpsZvXMkUAuqURkX1tg5Nh

Ada (Cardano) wallet address: DdzFFzCqrhszAYG9Gj3jxM1tXaNJKu1jmAFnKu3f3fxXHybaJEhGidjfxvviXZ28Dm6UCeJmF3JXaZTBUGoHVW3FLgUwKPSPjvaGDuGH

Litecoin wallet address: LKEKcDipUn8Dz7RL7DaSwieJQPHhjiJDuD

We also have a GoGetFunding page:

https://gogetfunding.com/our-house-burned-down-in-hungary/

If anyone has any questions, you could ask it here or my email adress:

szeltner.levente2004@gmail.com

Thank you in advance for any help you may lend us! Everyone please stay safe check for fire safety equipment and hug your family.

Today's Top #2: State of Tennessee prepares to hold Bitcoin

tldr; The state of Tennessee is looking for a contractor to hold cryptocurrencies on its behalf. Currently, the state holds no cryptocurrencies, and is seeking a vendor in order to "be prepared in the event that unclaimed virtual currency is remitted to the state’s unclaimed property program."

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

https://www.reddit.com/r/Bitcoin/comments/ua06p1/state_of_tennessee_prepares_to_hold_bitcoin/