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Wednesday, January 15, 2025
SpiderWeb ($ARAC) - Quick Fundamentals - Security Features
Hey Spider-Mites,
Today, we will start off with a Quick Fundamental guide on the Security Features of SpiderWeb ($ARAC)! This will be a quick guide to highlight the key points and features within our security features for you to better understand just "How" we intend to protect the information, and "Why" it will be far more secure than the traditional methods used today!
This project was built with the aim to reduce both cost of traditional web hosting and traffic while maximizing focus on providing security as it has become a rampant issue amongst users, both business and personal alike!
Let's Begin!
Spiderweb ($ARAC), is/will be composed of self-built private nodes and public nodes of P2P resources, in essentially 3 tiers, to form a web of decentralized IDC infrastructure:
For heightened security, Spiderweb ($ARAC) has a built in proactive/passive AI which monitors all traffic and also uses the same SHA256 encryption method as Bitcoin nodes, SO incase of failure or intrusion/hacking events, it will automatically relay and/or retrieve information between other nodes, so that data security is guaranteed! (see photos below!)
(SpiderWeb ($ARAC) will also incorporate an eco-friendly and energy-efficient consensus mechanism called "Proof of Use" (PoU), which will be used as a means of reward verification as well!)
(**See the NFT Collection Launch post for more details!**)
Thanks everyone for taking the time to understand our Security features! Once again, for a more detailed explanations of this, please visit our #WhitePaper here: https://discord.gg/TmhneY5SEu !
Hope everyone has a great day and let's weave a brighter future together!
Bank of Dave 2 | The Loan Ranger
Original article: https://ecency.com/movies/@geekgirl/bank-of-dave-2-or-the-loan-ranger
I am happy to share that Bank of Dave 2, a Netflix movie is here and available to stream. In 2023 I enjoyed watching the original movie - Bank of Dave, and share my thoughts about it here. I did not expect they would produce a sequel. Bank of Dave 2 was not a disappointment and I would recommend watching it. If you have seen the original, it may be more interesting and entertaining watching the original movie first. Both are excellent stories and works of art. The movies are mixture of real life events and fiction, or as they call it truish.
The true part of the story is that there is real life British businessman Dave Fishwick and he was about to create a community focused Bank of Dave. In Bank of Dave, Dave takes on another challenge in the world of finance scams. After finding how how payday loan businesses are charging ridiculously high interests and fees, and ruining people's lives, Dave decides to do something about it. From early on it becomes obvious that this task seems to0 big to tackle and may hurt his bank. Once determined, Dave can't stop the fight.
Spoiler Alert: If you haven't seen the movie yet, and do not want to read spoiler, please stop here. Feel free to come back to share your thoughts after watching the movie.
Just like the original movie, Bank of Dave 2 is a story of corrupt financial and banking systems, and how these entities work ruin people's lives and communities instead of building communities, and empowering community members.
Even if the movie wasn't based on a true story, it would be a great movie to watch. The original Bank of Dave being based on true story it made it even more interesting. Because the story was educational and inspirational. It was thought provoking about our modern banking systems, the flaws, and what could actually make banks beneficial to people they serve. Banks do not have a great reputation, because of their history and practices that often ends of going against the interests of their customers. What the original movie pointed out was that there was another way, a better way for banks to operate.
The same is true for Bank of Dave 2. This time it exposes the evil nature of payday loan kinds of businesses whose business model hardships their customers face. Normally, people wouldn't go to these loan services unless they in desperate situation. These businesses take advantage of people's difficult situations and give them loans with hopes of indebting them even more. On the surface these short term small loans may seem something useful and beneficial. However, the intentions and business models utilized shows the complete opposite and they seem to behave in an evil manner. There is no win-win situations, it is all win-lose. They win, people lose (a lot). In other words, they are no different than loan sharks. Once Dave finds about this problem, he becomes the Loan Ranger and recruits team to take down these businesses.
In general loans are bad. They hold people back, who otherwise would thrive and prosper. The main culprits in loaning business are the banks. Good business for banks is to give out as many loans as possible and keep collecting easy money, often on free money. Some types of loan make sense, and may even be a smart business. However, only the those in the elite club get to enjoy the benefits of loans, and ordinary people end up with the loans that ruin everything. Take a student loan - what a scam! Look at the credit card loans. Credit cards make money from those who have delinquent payments. They get to charge insane rates like 25%-35%. How is this legal? Those who can't make payments on time already are in difficult financial situations, is increasing what they already owe going to make them pay off faster? It is sad that banks are still allowed to this.
Utilizing the same model of credit cards, payday loans take them to the next level and charge even higher rates and fees. I never used such services, but I knew a person who once found himself in such situations. Something happened in the family, and he wasn't able to make mortgage payment on time. He had to take a payday loan to cover the difference. Of course his intention wasn't to keep this loan for a long term. As the loan name suggest, his plan was to pay it off when he gets the next paycheck. What happens next, this one loan drags on for months, if not years. Now he was in a situation of taking more loans to pay the previous ones with fees. That's crazy! Besides this story, I don't know a lot about this payday loan problem. Bank of Dave 2 exposes this issues and educates us all.
Even Dave didn't know about this problem, until this was brought to his attentions by someone who had bad experience with these loans and was inspired what Dave has done with his bank. After learning more about the problem, Dave gets obsessed with finding a solution to this problem. However, he can't come up with any idea. After extensive research, he invites a journalist from New York who wrote about the payday loans in the US. The journalist, and an activist join Dave's team in this fight against the payday loan businesses. After interviewing many people, they face another obstacle in exposing the truth. Victims of payday loans do not want to testify their story in courts, because they already have difficulties, they aren't interested in complicating things even more.
However, Dave and his team find success in utilizing social media, recording interviews, creating videos and sharing them with the world. Even the matter is taken to the courts, because the opposing side fights back and tries to destroy Bank of Dave with manufactured accusations of money laundering. In the end Dave wins in the court, payday loan businesses exposed, and investigations against them started.
It is not clear how much of this story and Dave's involvement is true. But it does seem like Dave was involved and did have some influence on this matter. Dave continues to impress us. I wouldn't mind watching Bank of Dave 3.
What Dave and his team have done is impressive. Not only Dave has proven that there is much more benefits in community focused efforts. He has shown even banks can be of great benefit if done right. What is the purpose of banks? They are suppose to be lifting up the communities they are present. That has never been their intention, helping people has always been a made up cover story. But Dave has proven, we don't need to rely on these monopolies who have zero interest in the growth of communities and people. But with right intentions, and community support we can build entities like banks that actually serve their communities.
Banks are still too powerful and won't let things like Bank of Dave happen in other places around the world. Hope is bitcoin and crypto will fix this, maybe one day we won't need banks and short term loan entities anymore.
Tuesday, January 14, 2025
New press release/letter from Ionic Digital CEO
AUSTIN, Texas – January 14, 2025 – Ionic Digital, Inc. (“Ionic” or the “Company”), a digital infrastructure and cryptocurrency mining company, today announced that its Interim Chief Executive Officer, Anthony McKiernan issued the following letter to Ionic shareholders:
Ionic Digital Shareholders,
It’s been one month since I started as Chief Executive Officer of Ionic Digital Inc. (the “Company”) and I wanted to reach out to our shareholders for the first of what will be periodic communications from me updating you on important matters.
Since the start of my tenure with the Company, I have had an opportunity to strategize with the management team and Board members, as well as to review where the Company sits today, as part of a process to formulate a “day one” plan for progress on several fronts. Starting in December, the Company, with input from its advisors, has undertaken significant changes to certain prior practices and to overhaul its operations to compete more effectively in the Bitcoin mining industry and maximize long-term shareholder value.
In addition to these serious and crucial changes, there are several key initiatives that we plan to continue to pursue over the next few months to further enhance long-term shareholder value. First, the financial audit for FYE 2024 needs to be completed as quickly as possible. The key to any liquidity event(s) for the Company will require a clean audit opinion and market confidence in the Company’s financial position and results. We engaged BDO USA as our financial auditor in October. BDO and our in-house team are well underway in the audit process, which includes the establishment of an infrastructure that we believe would withstand the rigorous regulatory standards of a publicly listed company. This initiative is one of our highest priorities and we are aiming to complete the financial audit by the end of the second quarter 2025.
Second, I am pleased to report that construction on Building 3 at our Cedarvale facility is complete and it will be energized this week. Since mid-December 2024, we have taken steps to fortify our operations, working to ensure our sites are receiving high level supervision to maximize efficiency and miner performance, and focusing on reducing future expenses associated with site management. As previously disclosed, the Company terminated the prior mining management services agreement with Hut 8 Corp. More recently , the Company purchased 15,000 miners in the last two weeks at extremely advantageous rates. The Company anticipates those miners to turn cash flow positive in three months and that those miners will fill remaining shelf capacity and provide replacement support where needed. We are also reviewing all existing contracts and identifying ways to reduce expenses as we approach the one year anniversary of the Company’s emergence as part of the plan of reorganization approved in the Celsius Network bankruptcy process. Additionally, we have recently initiated the application process with ERCOT to increase energy capacity at our Cedarvale facility; the process will likely take up to 2 years.
Third, while the value of Bitcoin has increased and many analysts project positive trends, we are focused on strengthening the Company’s balance sheet. The Company’s goal today is to maximize Bitcoin holdings while also maintaining adequate cash assets to service dollar-based liabilities and hedge against potential fluctuations in Bitcoin prices. It is imperative that we maintain adequate liquidity, implement moderate spot trading, and minimize the risk of forced selling in the face of potential volatility. To that end, we plan to implement hedging strategies commensurate with the strategies utilized by our competitors that are designed to both protec t against material downside movement in Bitcoin prices and provide the Company with income growth through additional cash flows. We are also planning for 2025 cash needs including more efficient ways to pay for energy costs and other known operating expenses.
Finally, in addition to our current intention to list publicly, while our primary focus remains on the core business, we are actively exploring future strategic opportunities intended to maximize shareholder value. For example, the Company, among other things, is actively assessing whether to invest in differentiated, complementary lines of business as we consider the many possibilities that are emerging for energy monetization.
Our shareholders expect and deserve up-to-date financial and operational information regarding the Company and its performance. Accordingly, I plan to provide updates on these matters when we have news to report to our shareholders along the way.
As a first step, beginning with month-end January results, we will publish monthly key operating metrics on our website for shareholders to review. As of today we are holding approximately 2,461 of Bitcoin in treasury, the December average realized hash rate was 8.563 EH/s, and the December Bitcoin mined was 161.65. In 2024, the Company mined 1,851.14 Bitcoin. I look forward to progressing on these initiatives, with a focus on increasing shareholder value and liquidity in 2025.
Sincerely,
Anthony
Cracking the Code: Why Our Bitcoin QR Code Generator App Is Your Ultimate Crypto Sidekick
In a world where cryptocurrency reigns supreme and “blockchain” is no longer just a buzzword, having the right tools at your disposal is crucial. One tool that’s making waves? Our Bitcoin QR Code Generator App, available at BitcoinQR.io. It’s fast, reliable, and as slick as the blockchain itself. But let’s not just tell you why it’s awesome—let’s dive into the story of how it can revolutionize your crypto game.
Why QR Codes and Bitcoin Are a Match Made in Crypto Heaven
Let’s face it: cryptocurrency transactions can feel like deciphering ancient scrolls. Wallet addresses are long, alphanumeric nightmares where a single typo can send your Bitcoin into the digital abyss. Enter QR codes—a simple yet powerful solution to all your crypto woes.
A Bitcoin QR code is like a digital business card for your crypto wallet. It simplifies the complex, turning strings of data into a scannable, user-friendly square of awesomeness. Whether you’re accepting Bitcoin payments, sharing your wallet address, or even embedding payment links, a blockchain QR code generator is your golden ticket to seamless transactions.
Meet the Bitcoin QR Code Generator App
Our app is your go-to solution for generating QR codes that make Bitcoin transactions a breeze. It’s fast, intuitive, and designed with crypto enthusiasts in mind. Whether you’re a merchant, trader, or just someone who loves hodling Bitcoin, this app will make your life easier—and a lot cooler.
Features That’ll Blow Your Mind
- Lightning-Fast QR Code Generation Need a Bitcoin QR code in seconds? Done. Our app churns out perfectly formatted QR codes faster than you can say “blockchain.”
- Customizable Options Want to include specific amounts or messages in your QR code? We’ve got you covered. Tailor your QR codes to fit your needs.
- Universal Compatibility These QR codes aren’t picky. They work seamlessly with all major wallets, exchanges, and Bitcoin ATMs worldwide.
- User-Friendly Interface No PhD in computer science needed. Our app is straightforward, clean, and perfect for beginners and pros alike.
Real-World Applications: How to Use Our Blockchain QR Code Generator
Now that you’ve got a taste of what our app can do, let’s explore how it fits into your daily crypto life.
1. Accept Bitcoin Payments
Are you a business owner looking to dip your toes into the crypto payment pool? Using our Bitcoin QR code generator, you can create scannable payment links for your customers. Display the code at checkout or on your website, and watch the Bitcoin roll in.
2. Simplify Peer-to-Peer Transfers
Splitting the bill? Paying a friend? Instead of fumbling with wallet addresses, generate a QR code with our app, and let them scan their way to a quick and easy transaction.
3. Optimize Donations
Are you running a charity or crowdfunding campaign? A Bitcoin QR code simplifies the process for donors. No need for complex instructions—just scan and donate.
4. Streamline Crypto Events
Hosting a Bitcoin meetup? Use our blockchain QR code generator to share wallet addresses for ticket payments or donations. It’s the ultimate icebreaker in the crypto community.
Why a Blockchain QR Code Generator Is Vital in the Crypto Era
QR codes aren’t just convenient—they’re critical in a world that’s moving toward decentralization and digital payments. Here’s why:
- Error-Free Transactions Say goodbye to copy-pasting and typos. QR codes eliminate human error, ensuring your Bitcoin ends up where it’s supposed to.
- Speed and Efficiency Time is money, especially in the fast-paced crypto market. QR codes accelerate transactions, saving you valuable seconds.
- Global Usability From bustling Tokyo streets to quiet Swiss villages, Bitcoin QR codes work everywhere. They transcend borders and simplify global transactions.
A Day in the Life of a Bitcoin QR Code User
Picture this: You’re out for coffee at a hip café that accepts Bitcoin. The barista hands you the bill, and instead of fumbling with your wallet, you whip out your phone.
- Open the Bitcoin QR Code Generator app.
- Create a QR code with your payment amount.
- The barista scans it, and within seconds, the transaction is complete.
Congratulations! You’ve just made a seamless Bitcoin payment—and looked like a total crypto pro while doing it.
Fun Facts About QR Codes in the Crypto Space
- Did you know? The first Bitcoin QR code was used over a decade ago, long before crypto became mainstream.
- QR codes can store up to 4,296 alphanumeric characters—plenty of room for all your Bitcoin wallet details.
- Blockchain QR code generators are increasingly being used in innovative projects like NFTs, smart contracts, and even decentralized finance (DeFi).
Why Our App Stands Out
Sure, there are other QR code generators out there. But ours is built specifically for the Bitcoin community, with features and functionality tailored to blockchain enthusiasts.
- Reliability: No glitches, no errors—just flawless QR codes every time.
- Security: Your data stays private. We don’t store or share any wallet information.
- Versatility: Perfect for personal use, business transactions, and everything in between.
And the best part? You can try it right now at BitcoinQR.io.
The Future of QR Codes and Bitcoin
As Bitcoin adoption continues to grow, so will the importance of tools like blockchain QR code generators. Here’s a sneak peek into what’s coming:
- Integration with Smart Devices: Imagine scanning QR codes with your smartwatch or VR headset.
- Enhanced Privacy Features: Future QR codes could include encryption to protect transaction details.
- AI-Generated Codes: Smarter, faster QR codes that adapt to user preferences.
Final Thoughts: The Bitcoin QR Code Revolution
The beauty of Bitcoin lies in its simplicity and decentralization. With tools like our blockchain QR code generator, we’re making crypto more accessible, efficient, and fun for everyone.
So, whether you’re a seasoned Bitcoin whale or just dipping your toes into the crypto waters, give our app a try. It’s your key to unlocking a world of seamless Bitcoin transactions, all wrapped up in the magic of QR codes.
Click here to explore our app now and join the revolution. Happy scanning! 🌟
What Are Your Expectations for the $SOLV Airdrop and Listing?
Play to Earn games and DeFi projects often redefine what’s possible in crypto, and Solv Protocol is no exception. Designed to simplify Bitcoin staking, SolvBTC and its Liquid Staking Tokens (LSTs) provide a seamless way to participate in DeFi without sacrificing liquidity. With exceeding $1.3 billion within just four months, The project is gaining a lot of attention.
The airdrop and listing offer users a chance to deposit and trade SOLV tokens effortlessly. The PoolX event, running from January 17 to January 27, lets participants lock their SOLV tokens to share 2,520,000 SOLV, further boosting earning potential. With some major platforms like Bitget offering zero issues for deposits and robust security measures like Proof of Reserves, it’s clear why many are choosing it as their trading platform.
Have you explored Solv Protocol yet? What are your thoughts on its listing price and potential impact in DeFi? Will SOLV surpass expectations and emerge as the top Liquid Staking solution? Let’s discuss!
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