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Blockfi is a cryptocurrency lending platform which is similar to Celsius Network. You can receive compound interest on your cryptos up to 8.6% APY which is larger than any bank I know of in the UK. They had a great offer going when I joined which was to deposit $200 worth of crypto to receive $100 worth of bitcoin but unfortunately that has come to an end now.
They are still offering a referral bonus of $20 when you deposit $500 worth of crypto into a Blockfi interest account, but in addition to that you can earn good interest on stable coins. I like keeping my stable coins in here and earning solid interest than my Lloyds account where my money is sitting there doing nothing.
Another cool thing about this referral program is after your fifth referral, you start earning double the amount of the original bonus. This means you start to get $20 worth of BTC for every referral you make to the platform.
In addition to that, I am also offering you an extra $20 for a simple hours work bringing your total to $40.
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Okay thanks so much for cleaning on this and if you are heading up there tomorrow even considering for a moment take me with you. I'm average sized 30 year old Caucasian male I had proper hygiene down to earth. I'm totally fine keeping completely of myself and not saying a word I very much enjoy conversing with other people about just about anything. I believe myself to be very open-minded and welcoming other people in every sense of the word whether it be Greece religion size aesthetics intelligence gender.... We're all people we're all just trying to f****** make it girl trying to be a little bit better today than we were yesterdayis a daily struggle and we're all in it together. Anyway just one of the guys again I don't think I do take care of my hygiene I'm not going to yak your ear off about politics and have unbearing close minded opinions. I'm tired as f*** but what I'm trying to say is I'm really chill I really easy to talk to I can't imagine I'd bother you're the most easily bothered of people. Compensation.....1. I'll drive gladly the whole way and it is a reoccurring event I'll even drive back cuz I'll be needing to come back a few days down the road and if you are a person the similar boat and you want to watch Netflix free to book stare out the window play with your Johnson (just keep it away from me porfavor.. I don't care if that's a service for you that I can provide it gets me from point a to point b I would gladly except that exchange... I probably work out the money I'm beyond broke I don't have hardly any money to my name I won't know until tomorrow morning but I could have as little as actually nothing like that I can't give you a thing to five ten bucks for two maybe fifty to a hundred bucks if some things really really work out of my favorite tonight and I get really lucky and or some undeserved generosity.... I'll drive I'd be willing to wash your car clean it I'll detail it I don't have the funds to buy lunch but I can cook I am very good at cooking if you have things for me to use I will literally make you anything you want if I don't already know how to make it really well I'm confident I can look up how to make it get very close to nailing it with just a simple recipe on the internet. If this some sort of reasonable labor or job that you need done that I could do an exchange for the ride where to buy me I'm sure I'll probably do it I need to get there. I know this is going to sound real convenient from someone of my position but I wanted those people who will occasionally offer a complete stranger I just really really out of the blue over Lee generous favor and demand absolutely nothing exchange except that when the time comes and they have the opportunity to pass it on they do. I've had a lot of ups and downs in my short 30 years and I could have done a lot more but I certainly didn't do nothing and I've passed it on a lot a lot a lot and I I will keep doing that for as long as I live.. if you're generous enough to get me from point a to point b you asking me to pass it forward I can guarantee you with whatever you find the strongest guarantee to be a promise to swear on the Bible my mother's grave pinky promise swear on my children etc I will pass it forward multiple fold it when the opportunity presents itself. Unique skills I have I'm okay with wrenches I'm fairly strong so I can do a manual labor a faster more efficient rate than the average 30 year old but not by much I'm at this point I'd say like I've got like a 20% edge LOL. I'm very good with people I would consider myself an expert in communication and sales. I personally ran my own business commission only that's brought in over six figures for coming up on 7 years now and my over six figures I mean in a literal sense barely like I can say I make six figures in the sense that I grossed chest barely barely barely otter gay like my highest year was 102 k. Why am I so down on my luck that asking for a ride all right if I'm so good sales why did I only grows on or in 2K? At least maybe I'm generating some curiosity Samara Channing conversation. I had a rough childhood I'm lazy as f*** disgustingly lazy I put that said I broke my back snap my dick off worked my fingers to the Bone watch my organs to failure to succeed in my business I wanted to succeed and I wanted to quote a quote make it as much as I wanted my next breath of air specifically the next breath of air as you been underwater for minutes and you're contemplating whether or not you're ever going to make it to the top and at the last second when you literally give up holding your breath and you unintentionally gasp for air just out of pure luck happens to be the same moment your face brakes the waters Crest and you inhale a giant one full of air. I was going to succeed there was no ands or buts about it I wanted it more than anything and I told myself that and I reminded myself of that constantly and no one or nothing was going to stop me. That said it took me two years to build a business thatb what's in a red zone generating a hundred k a year without me lifting a finger no employees either all's I did was just dick off his way bunny play video games all day and that business last for a while but stops generating money after about six seven years if you don't do anything it's super easy to keep that money coming in but you got to do a little bit of work but I was so f****** lazy and so entitled that after doing all that work to build that business up I let it crumble almost to nothing I caught it by its last thread and I've been working hard to put it back together before I lose it all completely these last few months that again interesting conversation for a ride. The reason behind all the texts is to provide some context as to why someone broken pores me where have anything of value someone else who's trying to be an entrepreneur or be a salesman or both because they generally are both you kind of have to be and Rihanna goes with that. From sales in general to just talking to people I've also pretty introverted my whole life I don't like crowds I don't like parties I don't like lots of people that is not fun to me that sounds like a terrible time and I built a business that is literally designed around talking to people and being good at it I'm ridiculous my head is on backwards. .. so I can answer questions teach consult in anywhere that department to a fairly high professional level at sea I also know how to do a lot of internet marketing I know how to run I got to create manage run test implement and succeed with Facebook ads YouTube ads Google ads Bing ads I understand and can implement mail advertising generating leads through the mail I have much less experience but I fairly comfortable with the concept of radio and TV advertising and how to go about something like that. I have absolutely genius as arrogant as that sounds for the believe me I know I'm full of myself I'm not oblivious to that that said I have some really genius tactics for not only keeping clients long-term but generating referrals legitimate real referrals not that over salesy b******* where you go in and you f****** foursome to write down 20 names their friends and family and basically force their hand ram it down their throat or you're not going to leave it's not like that this selling today it's not like selling in 1990 and that's where a lot of confusion is the salesman of the 70s 80s and 90s are all retiring and they're trying to teach them coming generations how to cell and they're not completely lost it's not completely useless but it's a lot people are allowed savvier nowadays they're a lot more in tune to your b******* and people are going to pick up on insincerity and sales and especially if you're in a position that is known for being commission-based and being particularly scumbag e things that come to mind insurance sales car sales real estate does the big 3 you working any of those most people I'm going to start out thinking that you're a scumbag and you're going to have to prove to them that you might be a scumbag LOL but you're better scumbag than any of the other ones and if they're going to buy from and you scumbag you should be you. Anyway pretty close to slash and rant I'd be looking to go in the morning sometime you can message me on here you can email me or text me if you can think of some other way I can compensate you that's you know within reason I'm not going to be 12 hours of manual labor for a 50 minute car ride no thanks but I will go above and beyond what I'm asking in exchange for the ride I have no problem over conversating in exchange for that ride. PM me if you would number we can at least text or email back and forth I'll be up most of the night and I if you're not going until middle of the afternoon or the late-afternoon don't count me out because that may be my only option just because I wanted to go in the morning doesn't mean I'm going to get to go in the morning if I don't have a way to get there and you're still going in the afternoon don't count me out please hit me up because you may be the only person but I consider giving me a ride. Anyway I think that's one hell of a rant of unorganized f*** b******* this voice to text grammar spelling all totally f***** if any of you f****** off for me a ride I'll be amazed well be back up you offer me a ride you actually come through you don't chop me to pieces in the backwoods and you're not as crazy bonkers lunatics who drives me up the wall and I have a very patient to open my person as I mentioned previously very slow to judge and welcoming of every type of person. Anyway you made it this far thanks for reading if you can get me up there give me a ride I really appreciate it I don't even really want to bring this up but I know there's two buses that make that trip bolt bus and the other one is God sending my mind but it's the one that I've taken a lot the one that does the Mount Baker ski bus I can't remember what it is but you guys know what it is this with the airporter so the airporter and the bolt bus both make like trips like almost on the how early will the airporter does like literally almost on the hour or 24 hours a day oh and then both of us I think runs like 4-5 times a day and I think tickets for them are like 20 bucks or so I'm depending I know if I ask for a trip from Marysville tulalip area to Bellingham they'll give it to me for like 18 bucks but if I ask him to drive that big ass bus out of Birch Bay and they'll do it just for me really really buy tickets like 33 bucks which in all honesty is super super fair but I just can't believe I don't know I'm rambling at this point that does not matter at all. I'm not going to put it on here I really don't want to beg and I'm really hoping I can work something out afro ride but if any of you beautiful bastards wantagh house 40 cents my way dollar something everything counts and I can park in I love and maybe somebody else out throws until I can put some money together for a bus ticket but if you do you honestly want to do that and help I'm going to ask you to p.m. me and ask me for my I've got it all you know venmo zelle Google pay most crypto wallets Bitcoin eth,xmr... No it won't stop the ones that are going to say it but I already know I'm a piece of s*** and lazy and I would be in wouldn't be in this situation if it wasn't for around doing and if I have been more grateful or worked a little harder I would be fucking dying for help. Move you guys.
Written by SatoshisAngels
Published by read.cash
On August 5th 2020, Satoshi’s Angels hosted an AMA for CoinEx on “How BCH and Avalanche Are Bringing Financial Freedom to 6 Billion People” on a Chinese platform Bihu. During the 100-minute event, Haipo Yang of ViaBTC and CoinEx, and Emin Gun Sirer of AVA Labs shared their in-depth views on such topics as different consensus mechanisms, community governance, IPFS, Defi. And Haipo explained why he wants to fork BCH. This is the full text.
You can check out the full AMA here (mostly in Chinese with some English translation).
Cindy Wang (Satoshi’s Angels): There are news saying that you are to fork BCH. Is it a marketing makeover? Are you serious about it?
Haipo Yang: It’s definitely not a marketing makeover. But the details are not decided yet.
Over the past three years, the BCH community has gone through multiple discussions from reducing block time, changing mining algorithms, adding smart contracts, etc. But none of these disputes have been well settled.
BCH is a big failure in terms of governance. A lack of good governance has made it fall in disorder. It is too decentralized to make progress.
You may know that the first BCH block was mined by ViaBTC. And we gave a lot of support to it indeed. But we didn’t dominate the fork. The Chinese community in particular thought I had a lot of influence, but it was not true.
I think the whole community is very dissatisfied with Bitcoin ABC, but it is difficult to replace them or change the status quo. So I am thinking of creating a new branch of BCH. The idea is still in early stage. I welcome anyone interested to participate and discuss it with me.
Wang: Professor Emin, what’s your attitude to fork? Do you think it’s a good timing to fork BCH?
Emin Gun Sirer: I am a big fan of BCH. It adheres to the original vision of Satoshi Nakamoto. I like the technical roadmap of BCH. But just like what Haipo mentioned, BCH lacks a good governance mechanism. There are always something that can cause BCH community to divide itself.
But I think it’s not enough to just have a good governance mechanism. There are many good proposals in the community but failed to be adopted in the end. I think BCH needs social leadership to encourage discussion when there are new proposals.
Wang: We are all curious to know How Avalanche got its name?
I know that Avalanche doesn’t mean well in Chinese. But in English, it’s a very powerful word. Avalanche represents a series of algorithms piling together like a mountain. When decisions slowly form, the ball (nodes in the network) on top of the mountain starts going down the hill on one side, and it gets bigger and bigger, and like an avalanche and it becomes unstoppable, making the transaction final.
Wang: Prof. Emin, I know that you are a big blocker. Have you ever considered implementing Avalanche based on BCH? Why create another chain?
Sirer: Of course I considered that. Satoshi Nakamoto consensus is wonderful, but the proof-of-work mechanism and Nakamoto consensus base protocols have some shortcomings, such as network latency, and it is hard to scale. Avalanche, instead, is totally different, and is the new biggest breakthrough in the past 45 years. It is flexible, fast, and scalable. I’d love to implement BCH on top of avalanche in the future, to make BCH even better by making 0-conf transactions much more secure.
Wang: As an old miner, why did CoinEx Chain choose to “abandon” POW, and turn to POS mechanism?
Haipo: Both POW and POS consensus algorithms have their own advantages. POW is not just a consensus algorithm, but also a more transparent and open distribution method of digital currency. Anyone can participate in it through mining.
POW is fairer. For a POS-based network, participants must have coins. For example, you need to invest ICO projects to obtain coins. But developers can get a lot of coins almost for free. In addition, POW is more open. Anyone can participate without holding tokens. For example, as long as you have a computer and mining rigs, you can participate in mining. Openness and fairness are two great features of POW. POS is more advanced, safe and efficient.
POS is jointly maintained by the token holders, and there is no problem of 51% attacks. Those who hold tokens are more inclined to protect the network than to destroy the network for their own interests. To disrupt the network, you need to buy at least two-thirds of the token, which is very difficult to achieve. And when you actually hold so many coins, it’s barely possible for you to destroy the network.
POW has the problem of 51% attack. For example, ETC just suffered the 51% attack on August 3. And the cost to do that is very low. It can be reorganized with only tens of thousands of dollars. This is also a defect of POW.
In addition, in terms of TPS and block speed, POS can achieve second-level speed and higher TPS. Therefore, CoinEx Chain chose POS because it can bring a faster transaction experience. This is very important for decentralized exchanges. Both POW and POS have their own advantages. It’s a matter of personal choice. When choosing a consensus mechanism, the choice must be made according to the characteristics of the specific project.
Wang: Ethereum is switching to ETH 2.0. If they succeed, do you think it will lead the next bull market?
Sirer: If Ethereum 2.0 can be realized, it must be a huge success.
But I doubt it can be launched anytime soon considering that it has been constantly delayed. And even if it comes out, I am not so sure if it will address the core scaling problem. And the main technology in Ethereum 2.0 is sharding. Sharding technology divides the Ethereum networks into small parallel groups, but I think what will happen is everyone wants to be in the same “shard” so the sharding advantages might not be realizable in Ethereum 2.0.
Avalanche supports Ethereum’s virtual machine, and Avalanche can realize 1 second level confirmation, while with sharding finalizing confirmation takes 5–6 seconds at best. Avalanche approach to make Ethereum scale is superior to Ethereum 2.0. There are many big players behind Ethereum 2.0, and I wish them success. But I believe that Avalanche will be the fastest and best Smart Contract platform in the crypto space, and it is compatible with Ethereum.
Wang: Why is Avalanche a real breakthrough？
Sirer: Avalanche is fundamentally different from previous consensus mechanisms. It’s very fast with TPS surpasses 6500, which is three times that of VISA. Six confirmations can be achieved in one second. Compared with the POW mechanism of Bitcoin and Bitcoin Cash, Avalanche’s participation threshold is very low. It allows multiple virtual machines to be built on the Avalanche protocol.
Avalanche is not created to compete with Bitcoin or fiat currencies such as the US dollar and RMB. It’s not made to compete with Ethereum, which is defined as the “world’s computer”. Avalanche is positioned to be an asset issuance platform to tokenize assets in the real world.
Wang: How do you rank the importance of community, development, governance, and technology to a public chain?
Sirer: These four are like the legs of a table. Every foot is very important. The table cannot stand without strong support.
A good community needs to be open to welcome developers and people. Good governance is especially important, to figure out what users need and respect their voices. Development needs to be decentralized. Avalanche has developers all over the world. And it has big companies building on top of Avalanche.
Yang: From a long-term perspective, I think governance is the most important thing, which is the same as running a company.
In the long run, technology is not important. Blockchain technology is developed based on an open source softwares that are free to the community. Community is also not the most important factor.
I think the most important thing is governance. Decentralization is more about technical. For example, Bitcoin, through a decentralized network method, ensures the openness and transparency of data assets, and the data on the chain cannot be tampered with, ensuring that the total amount of coins has a fixed upper limit.
But at the governance level, all coins are centralized at some degree. For example, BCH developers can decide to modify the protocol. In a sense, it is the same as managing a company.
Historically, the reasons for the success and failure of companies all stem from bad governance. For example, Apple succeeded based on Steve Jobs’s charisma, leadership and the pursuit of user experience. When Jobs was kicked out, Apple suffered great losses. After Jobs returned, he made Apple great again.
Issues behind Bitmain is also about governance. Simply put, governance requires leaders who have a longer-term vision and are more capable of coordinating and balancing the resources and interests of all parties to lead the community.
In the blockchain world, many people focus on technology. In fact, technology is not enough to make great products. User experience is most important. Users don’t care about the blockchain technology itself, but more concerned about whether it is easy to use and whether it can solve my problem.
We need to figure out how to deliver a product like Apple. The pursuit of user experience is also governance in nature. And governance itself lies in the soul of key leaders in the community.
Realize tokenization of assets in.
Wang: Speaking of asset tokenization, I would like to ask Haipo, do you think the market for assets on the chain is big?
Yang: It must be very big. We need to see which assets can be tokenized.
Assets that can be tokenized are standardized assets, sush as currencies and securities.
At present, the settlement of USD currency is through the SWIFT system. But the SWIFT system itself is only a clearing network, a messaging system, not a settlement network. It takes a long time for clearing and settlement, and it is not reliable. But both USDT and USDC can quickly realize cross-border transfers in seconds and realize asset delivery. Even sovereign currencies are likely to be issued on the blockchain. I believe RMB also has such a plan.
Whether a stock is listed on A-shares or in the American markets, it’s hard to obtain them. I believe that the blockchain can completely release the demand through decentralization. It can allow any tiny company or even a project to issue, circulate and finance a token.
There may be only tens of thousands of stocks currently traded globally. There are also tens of thousands of tokens in the crypto space. I believe that millions or more of assets will be traded and circulated in the future. This can only be realized through decentralized technology and organization.
The market for assets tokenization will be huge. And at present, the entire blockchain technology is still very primitive. Bitcoin and Ethereum only have a few or a dozen TPS, which is far from meeting market demand. This is why CoinEx is committed to building a decentralized Dex public chain.
Wang: Avalanche’s paper was first published on IPFS. What do you think of IPFS?
Sirer: I personally like IPFS very much. It is a decentralized storage solution.
Yang: There is no doubt that IPFS solves the problem of decentralized storage, and can be robust in the blockchain world, and can replace HPPT services. But there are still three problems:
IPFS is not for ordinary users. Everybody needs BCH and BTC, but only developers need IPFS, which is a relatively niche market;
IPFS is more expensive than traditional storage solutions, which further reduces its practicality. In order to achieve decentralization, more copies must be stored, and more hardware devices must be consumed. In the end, these costs will be on to users.
There may be compliance issues. If you use IPFS to store sensitive information, such as info from WikiLeaks, it may end up threatening national security. I doubt that decentralized storage and decentralized public chains can survive under the joint pressure of global governments.
The IPFS project solves certain problems. But from the perspective of application prospects, I am pessimistic.
Wang: What do you think of Defi?
Yang: I want to talk about the concept first.
Broadly speaking, the entire blockchain industry is DeFi in nature. Blockchain is to realize the circulation of currency, equity, and asset value through decentralization.
So in a broad sense, blockchain itself is DeFi. In a narrow sense, DeFi is a financial agreement based on smart contracts. DeFi, through smart contracts, can build applications more flexibly. For example, before we could only use Bitcoin to transfer and pay. Now with smart contracts, flexible functions such as lending, exchange, mortgage , etc. are available. The entire blockchain industry is gradually evolving under the conditions of DeFi. DeFi will definitely get greater development in the future.
Sirer: I think Defi will definitely have a huge impact. DeFi is not only an innovation in the cryptocurrency field, but also an innovation in the financial field. Wall Street companies have stagnated for years with no innovation. Avalanche fits different DeFi needs, including performance and compliance. In the future, not only will Wall Street simply adopt DeFi, but DeFi will grow into a huge market that will eventually replace the traditional financial system.
Questions from the community:
1. How does Avalanche integrate with DeFi?
Sirer: At present, all DeFi applications on Avalanche have surpassed Ethereum. What can be achieved on Ethereum can be achieved on Avalanche with better user experience. We are currently connecting with popular DeFi projects such as Compound and MakerDao to add part of or all of their functions.
At present, Avalanche is working on decentralized exchange (DEX). The current DEXs are limited by speed and performance but when they are built on top of Avalanche it will be real-time and very fast.
2. How many developers does BCH have?
Yang: I think it does not matter how many developers there are. What matters is what should be developed. I watched Jobs’ video the other day, and it inspired me a lot. We are not piecing together technology to see what technology can do. It’s we figure out what we want first and then we use the technology we need.
The entire blockchain community worship developers. Such as they call Vitalik “V God”. It’s not necessary to treat developers as wizards. Developers are programmers, and I myself is also a programmer.
ViaBTC has a development team of over 100 people, including core members from Copernicus (a dev team formerly belonged to Bitmain). Technically we are very confident to build faster, stabler, and better user experience products.
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