Saturday, January 12, 2019

[Daily Discussion] Saturday, January 12, 2019

Thread topics include, but are not limited to:

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

Thread guidelines:

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  • Do not make posts outside of the daily thread for the topics mentioned above.

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[Daily Discussion] Saturday, January 12, 2019

Thread topics include, but are not limited to:

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

Thread guidelines:

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

Other ways to interact:


ABL $2K Main Event Closed Qualifier #1 starts in 6 hours!

The first Closed Qualifier for the Artifact Bitcoin League $2K BTC Main Event is upon us! After 3 ABL qualifiers and 4 community qualifiers, 32 players are ready to battle it out for 4 main event invites and $100 BTC. There will be casted coverage on the Artifact Bitcoin League Twitch channel so stop by and say hello. Your favorite player might be streaming as well!

And before you ask - YES! Regularly scheduled Latte and Pizza League tournaments will be running all weekend! (Free $5/$20 BTC Prize Pool) You can still get to the top of the leaderboard and earn a direct invite to the main event or three invites to Closed Qualifier #2.

Games start at 1800 UTC / 1000 PST. That is just over six hours from this post.

Watch Casted Coverage: twitch.tv/artifactbitcoinleague

Join the Community: discord.gg/6PUdk58

Follow on Twitter: twitter.com/artifactbitcoin

Full Event Information: artifactbitcoinleague.com

Format

Phase 1:

Jan 12 1800 UTC / 1000 PST

8 Groups of 4, Bo3 Double Elimination (GSL Format)

Phase 2:

Jan 13 1800 UTC / 1000 PST

Top 16, Redraft, Single Elimination Bracket, BO3

Players:

Invited: hotMEOWTH - Purge - KnowMe - KG. 传说中的白石 (The White Rock of Legend) - Sparrow’s Rum - GrappLr - KG. 清浅 QingQian - FreddyBabes - vinkelsier - DotACapitalist - KG. Jinlin - FreddyBabes

Qualified: aev - CONFIRM - Groza - nemphy - Si^imperium - BrusiedByGod - Damorquis - Colt 45 and Two ZigZags - CD_tiho - zara - catoftheyear - Rayzo_陈大胖 - Greensheep - Water - Redrame - Hikaro198 - KaibaCeto

Alternates: Mugibaby - Soey

Casters**: skybook123 - Auspicious - aquin - debord - Grey Mao**

A big thanks to OMG eSports, Naiman, Ironwood Branch, and Bronze Legion for hosting community qualifiers.

I will make new post with information on the top 16 bracket after the group stage.

Morning 1800 UTC / 1000 PST to 2300 UTC / 1500 PST

Group A, B, C & D

1800 UTC aev vs CONFIRM - Mogibaby vs Soey - Si^imperium vs BrusiedByGod - KnowMe vs CD_tiho

1900 UTC hotMEOWTH vs Gorza - Purge vs nemphy - Damorquis vs Colt 45 and Two ZigZags - zara vs catoftheyear

2000 UTC winners

2100 UTC losers

2200 UTC decider

Evening 2300 UTC / 1500 PST to 0400 UTC / 2000 PST

Group E, F, G & H

2300 UTC Water vs Redrame - GrappLr vs KaibaCeto - FreddyBabes vs WEIBO.Ale 阿乐 - Rayzo_陈大胖 vs Greensheep

0000 UTC KG. 传说中的白石 vs Sparrow's Rum - Hikaro198 vs KG. 清浅 QingQian - DotACapitalist vs vinkelsier - Oscar the Grouch vs. KG. Jinlin

0100 UTC winners

0200 UTC losers

0300 UTC decider

Catch you on the River!

-Opsy

Artifact Bitcoin League


[Daily Discussion] Saturday, January 12, 2019

Thread topics include, but are not limited to:

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

Thread guidelines:

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

Other ways to interact:


/r/Monero Weekly Discussion – January 12, 2019 - Use this thread for general chatter, basic questions, and if you're new to Monero

Index

  1. General questions
  2. Wallet: CLI & GUI
  3. Wallet: Ledger
  4. Nodes

1. General questions

Where can I download the Monero wallet?

There are multiple Monero wallets for a wide range of devices at your disposal. Check the table below for details and download links. All wallets listed below are open source. Attention: for extra security make sure to calculate and compare the checksum of your downloaded files.


Desktop wallets

Wallet Device Description Download link
"Official" GUI / CLI Windows, Mac OS X, Linux The default implementation that is maintained by the core team. Use this one to run a full node and obtain maximum privacy.Has Ledger (hardware wallet) integration. Current version: 0.13.0.4 / 0.13.0.4. GetMonero.org
MyMonero Windows, Mac OS X, Linux MyMonero is a lightweight wallet, which means you don't need to download the blockchain and run a node. MyMonero was developed with the assistance of the core team. They also have web-based and iOS versions. GitHub

Mobile wallets

Wallet Device Description Download link
Monerujo Android Popular Android lightweight wallet that has very cool features, like integration with xmr.to which lets you send payments in BTC using your XMR. It also has Ledger (hardware wallet) integration. Website: https://www.monerujo.io/. Google Play / F-Droid / GitHub
MyMonero iOS iOS version of the MyMonero wallet. All versions have interoperability. App Store
Cake Wallet iOS Popular iOS lightweight wallet that has integration with MorphToken, which means you can instantly exchange your XMR to other coins and tokens. Website: https://cakewallet.io/ App Store
X Wallet iOS Another iOS lightweight wallet. Website: https://xwallet.tech/ App Store
Edge Wallet Android / iOS This is a multi-assets wallet, meaning you can store Monero, Bitcoin, Ethereum and other tokens in one single app. https://edge.app/ ⚠️ Relatively new - use with caution! ⚠️ Google Play / App Store

Web-based wallets

Wallet Description Link
MyMonero Web version of the MyMonero wallet. All versions have interoperability. Web
XMRWallet Web wallet with TOR support. ⚠️ Relatively new - use with caution! ⚠️ Web / Onion URL

How long does it take for my balance to unlock?

Your balance is unlocked after 10 confirmations (which means 10 mined blocks). A block is mined approximately every two minutes on the Monero network, so that would be around 20 minutes.

How can I prove that I sent a payment?

The fastest and most direct way is by using the ExploreMonero blockchain explorer. You will need to recover the transaction key from your wallet (complete guide for GUI / CLI).

How do I buy Monero (XMR) with Bitcoin (BTC)?

There are dozens of exchanges that trade Monero against Bitcoin and other cryptocurrencies. Check out the list on CoinMarketCap and choose the option that suits you best.

How do I buy Monero (XMR) with fiat?

  • Kraken (USD and EUR): old-school, decent exchange. They might require your documents for verification and approval of your account.
  • LocalMonero: peer-to-peer exchange. They have pretty much everything as a payment method and they support hundreds of fiat options.

How do I mine Monero? And other mining questions.

The correct place to ask questions and discuss the Monero mining scene is in the dedicated subreddit r/MoneroMining. That being said, you can find a list of pools and available mining software in the GetMonero.org website.


2. Wallet: CLI & GUI

Why I can't see my balance? Where is my XMR?

Before any action there are two things to check:

  1. Are you using the latest available version of the wallet? A new version is released roughly every 6 months, so make sure you're using the current release (compare the release on GetMonero.org with your wallet's version on Settings, under Debug info).
  2. Is your wallet fully synchronized? If it isn't, wait the sync to complete.

Because Monero is different from Bitcoin, wallet synchronization is not instant. The software needs to synchronize the blockchain and use your private keys to identify your transactions. Check in the lower left corner (GUI) if the wallet is synchronized.

You can't send transactions and your balance might be wrong or unavailable if the wallet is not synced with the network. So please wait.

If this is not a sufficient answer for your case and you're looking for more information, please see this answer on StackExchange.

How do I upgrade my wallet to the newest version?

This question is beautifully answered on StackExchange.

Why does it take so long to sync the wallet [for the first time]?

You have decided to use Monero's wallet and run a local node. Congratulations! You have chosen the safest and most secure option for your privacy, but unfortunately this has an initial cost. The first reason for the slowness is that you will need to download the entire blockchain, which is considerably heavy (+70 GB) and constantly growing. There are technologies being implemented in Monero to slow this growth, however it is inevitable to make this initial download to run a full node. Consider syncing to a device that has an SSD instead of an HDD, as this greatly impacts the speed of synchronization.

Now that the blockchain is on your computer, the next time you run the wallet you only need to download new blocks, which should take seconds or minutes (depending on how often you use the wallet).

I don't want to download the blockchain, how can I skip that?

The way to skip downloading the blockchain is connecting your wallet to a public remote node. You can follow this guide on how to set it up. You can find a list of public remote nodes on MoneroWorld.

Be advised that when using a public remote node you lose some of your privacy. A public remote node is able to identify your IP and opens up a range for certain attacks that further diminish your privacy. A remote node can't see your balance and it can't spend your XMR.

How do I restore my wallet from the mnemonic seed or from the keys?

To restore your wallet with the 25 word mnemonic seed, please see this guide.

To restore your wallet with your keys, please see this guide.


3. Wallet: Ledger

How do I generate a Ledger Monero Wallet with the GUI or CLI?

This question is beautifully answered on StackExchange. Check this page for the GUI instructions, and this page for the CLI instructions.


4. Nodes

How can my local node become a public remote node?

If you want to support other Monero users by making your node public, you can follow the instructions on MoneroWorld, under the section "How To Include Your Node On Moneroworld".

How can I connect my node via Tor?

This question is beautifully answered on StackExchange.



The monetary system for a successful and sustainable future

Kinetically Charged Yield Bearing Asset Based Monetary System of Shared Economic Wealth

In the same way our sun unconditionally delivers an indiscriminate share of energy to planet Earth that stimulates life, we present a comparative energy system to stimulate the movement of money, assets and hence overall commerce and economic activity in a fair, honest and rewarding process. It is an entirely new monetary system, which is based on movement, kinetics and velocity. We name the system Kinesis.

The Kinesis system is an evolutionary step beyond any monetary system available in the world today. It enhances money as both a store of value and a medium of exchange, and has been developed for the benefit of all. Core to the mechanics of the system is the perpetual incentive and thus stimulus for money velocity. Outside capital is attracted into Kinesis via a highly attractive risk/return ratio and then put into highly stimulated movement, promoting commerce and economic activity. This is achieved through structuring money to represent 100% allocated title of an asset and then attaching a unique multifaceted yield system that fairly shares the wealth generated by the system according to participation and money velocity.

Aside from offering the greatest store of value and striving to provide the most efficient medium of exchange, Kinesis is a monetary system focused on: minimising risk; maximising return; stimulating velocity and maximising the rate of adoption.

Kinesis defeats Gresham’s Law of Money that asserts “bad money drives out good”, by highly incentivising “good money” to circulate and be utilised as an effective medium of exchange. Someone who values money over other money is inclined to hoard it and not use it as a payment currency, but rather use the less valued currency for payments. This model has been broken in the Kinesis system as the reward for using the valued currency is so tremendously strong.

The primary currency chosen for the Kinesis monetary system is a kinetically charged physical gold based currency. Gold being the greatest store of value, indestructible in every sense, physically rare in quantity and has been appreciated by human civilisation as money for longer than anything else. It is the money created by our universe and not by people. It is created by a rare cosmic event of two neutron stars colliding, so rare that the first time this event was witnessed by humankind was 17 August 2017. Hold gold in your hands and you can feel its energy. It is the colour of stars, it is the money of the universe. Gold is the undisputed champion of fair, honest and sustainable money. Put allocated gold on a kinetically charged decentralised rail system and you have a very special monetary system. We believe this is what we have achieved, and a lot more.

The Kinesis system can be overlaid on top of anything that can be standardised, traded and stored as value. Accordingly, we are developing a kinetically charged digital currency suite with allocated title of bullion, fiat bank notes, cryptocurrencies and other assets that are physically and digitally securely stored in our allocated Kinesis banking and asset management system. By attaching a yield to digital currencies, risk/return ratios can be forecasted and virtually all currency and investment asset markets can be targeted and infiltrated. As such, over time we plan for more currencies and assets to be added, ultimately infiltrating more markets spread across the world.

Kinesis will attract capital from:

Cryptocurrency markets – currently little to no yield The gold and silver markets – currently little to no yield Fiat currency markets – low to negative yield via debt based interest rates Investment asset markets – comparatively low yields for stock market and property investment Ultimately, if someone can get the same asset at the same price, but with significantly lower risk and higher return, it makes little sense for them to not choose the asset with the better risk/return ratio, particularly when significant returns are on offer. As the Kinesis monetary system is one that allocates title directly to the ultimate beneficial owner, where banks conversely hold legal title of their customer deposits and put those deposits at risk, the Kinesis system is in fact much less risky and with much greater return than legacy alternatives. With global low to negative interest rates, bail-in provisions, depositors’ insurance being removed, and with banks holding legal title to their customer deposits, it makes no logical investment sense to choose risk and nil-to-negative return over the alternative Kinesis system with negligible risk and high return. In comparison to legacy fiat money and fractional banking systems, Kinesis seems too good to be true, but it isn’t. Once clearly understood, Kinesis will lead a highly disruptive paradigm shift in money.

Kinesis has taken the very best properties of both old-world money and new-world innovation and combined them together to power banking and commerce in a new fair, inclusive and incentivised way. The result is something extraordinarily powerful that will change the way we all view money forever.

The primary elements of Kinesis are:

Gold & Silver - The primary currencies offering allocated 1:1 title to physical gold & silver – the greatest stable and definable stores of value for use in commercial and private transactions and investment. Yield - A perpetually recurring yield generated from economic activity, not from debt based interest like fiat currency – providing definable value via Net Present Value (NPV) calculations for use in commercial, institutional and retail investment. Cryptocurrency technology – can only be enhanced. Blockchain peer-to-peer decentralised distributed ledger technology – blockchain may become obsolete, but distributed ledger technology can only be enhanced. Kinesis can never be destroyed as these elements will never go away, never be valueless and can only be enhanced. Nothing can take away intrinsic asset value and the value of future cash flows, and technology will only ever be enhanced. Gold and silver have survived the greatest test of all, time, and so too will Kinesis.

Other cryptocurrencies with value determined by the anonymous decentralised blockchain payment capabilities and their controlled supply scarcity are all at risk of losing value as their initial founding value proposition is diluted by others coming into the market with enhanced solutions. This is evidenced by Bitcoins’ dominance continuing to fall and has been witnessed in many other industries and markets throughout history as competitors rise.

A major contributing factor to the volatility in cryptocurrencies is that they are impossible to value. By intrinsically backing a currency, hence back-stopping the value and defining the risk, and then placing a yield on it, hence defining the return and providing superior value, then a currency which is safe, stable and rewarding is created with a highly attractive investment risk/return ratio attached. This form of currency has necessary real-world application in both commerce and private transactions, along with attracting capital from institutional and retail investors and savers.

This is not just a currency, this is a new parallel monetary system to sit alongside but integrated into the legacy problematic centrally controlled fiat and fractional monetary and banking systems. Kinesis is the undeniable superior alternative.

This model is highly revolutionary alone, however to take it the next step further, already in place is a highly disruptive retail and institutional commercialisation strategy with unique distribution and committed adoption from day one of launch. Pre-existing investment commitments are in place for the Kinesis currency suite which will surpass the largest ICO to date by a significant multitude. Kinesis is being developed and being brought to launch by a consortium of industry leading organisations in the precious metal trading, mining, refining, exchange, technology, blockchain, mobile banking, vaulting, postal system and marketing spheres. From launch the system will have extensive institutional and retail distribution, integration, liquidity and adoption. Our liquidity, which will be provided by professional bullion market participants and others, will enable billions of dollars of value to efficiently enter and exit the market. Direct and indirect integrations will provide for immediate adoption into hundreds of millions of users.

With the evolution of blockchain, cryptocurrencies and mobile devices, the people of the world have been presented with a profound opportunity. It’s an opportunity to apply empowering creativity to money and be part of a person-centric revolution. We have now been enabled to adopt and support a system that individually and collectively benefits us all based upon nothing more than participation. This system combines new world decentralised technology with the oldest, fairest and most sustainable form of money, to empower and serve the interests of us all equally and capitalistically.


[Daily Discussion] Saturday, January 12, 2019

Thread topics include, but are not limited to:

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

Thread guidelines:

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

Other ways to interact: