Wednesday, December 25, 2019

How to generate passphrase, account and public key using bitcoinjs/bip39

Does anyone know how to use bitcoinJS (https://github.com/bitcoinjs/bip39) to generate passphrase, account and public key and export them to csv? I need 1000 of them to do some testing on testnet. I've downloaded and installed it, but I'm unfortunately not very familiar with java, so I have no idea what exactly is the given example trying to tell me to do. Couldn't even get it to print anything out onto console.

Neither can I find any guides on how to use it, so I'm kind of stuck.



The $80MM Bitcoin Story

So today I have an interesting story.

This one is pretty CRAZY, and could in affect get more crazy in the future as I'll explain at the end...

The story revolves around a dude by the name of Laszlo Hanyecz, a Florida-based programmer.

And it begins on May 18th 2010.

The setting? The BitcoinTalk forums.

These are OG forums for the early adopters of Bitcoin, and there are some legendary discussions from the early days like this one.

At the time, 1 Bitcoin was less than a cent, and Laszlo offered to pay 10,000 bitcoins (around $41 at the time) for a couple of pizzas.

Three days after his offer didn't have any suitors, Laszlo proclaimed:

"So nobody wants to buy me pizza? Is the bitcoin amount I'm offering too low?"

He goes on:

"I just think it would be interesting if I could say that I paid for a pizza in bitcoins"

Well, the next day, his wish was answered as a user by the name of jercos traded two pizzas for 10,000 bitcoins.

Here is proof of that transaction by the way. Very cool.

Also check out the value when transacted!

1 Bitcoin was less than a cent.

The real name of jercos?

Jeremy Sturdivant.

He was just 18 years old at the time of the transaction in 2010.

Now, 10,000 Bitcoin is the equivalent of $72MM today!

Or at the time of this interview, $80MM.

When asked if he regretted paying 10,000 Bitcoin for two pizzas, Laszlo emphasised the fact that he got to play a crucial role in the early adoption of Bitcoin and be part of history.

Of course, he also started the tradition of Bitcoin Pizza Day, held on the 22nd May annually to celebrate the first ever use of Bitcoin to buy pizza.

It gets worse though:

After that first pizza purchase in 2010, Laszlo continued to spend his Bitcoin - in fact he told Cooper Anderson that he had spent around 100,000 Bitcoin, much of it on pizza.

Today, that is the equivalent of around $720,000,000!

This story could get even crazier in the coming years.

The next Bitcoin Halving occurs in May 2020, check out the Bitcoin Halving video for more on that.

One of the unique aspects of Bitcoin as an asset is the fact that there is a finite total supply (21 MILLION BITCOIN) and pre-programmed supply SCHEDULE provided by these halving events.

Disclaimer: this is not investment advice and is for entertainment purposes only.

Let's have a look at how much those two pizzas (10,000 Bitcoin) could be worth at different (HYPOTHETICAL) prices for Bitcoin:

IF Bitcoin hit $10,000, THEN that would be $100MM

IF Bitcoin hit $100,000, THEN that would be $1B

IF Bitcoin hit $1,000,000, THEN that would be $10BN

Now of course these are hypothetical price points, but how amazing would it be if those two pizzas ended up being worth billions of dollars?

https://www.youtube.com/watch?v=E0Kll83tcYc

BRAVE BROWSER:

https://brave.com/fin894


Whenever Bitcoin Prices Go Up or Down, Google Searches Soar (current BTC/USD price is $7,258.44)

Latest Bitcoin News:

Whenever Bitcoin Prices Go Up or Down, Google Searches Soar

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


Bitcoin investment plan

Bitcoin is the principal computerized money and to date, it makes up practically 34% of all the digital forms of money on the planet. Bitcoin picked up fame especially on the grounds that it isn't limited in 124 nations out of 251. Over the most recent 3 months of 2017, there were in any event 321,775 BTC affirmed online exchanges.

These insights show that Bitcoin's time of development was 2017. Its ubiquity developed drastically by 1400% and early adopters, youthful Bitcoin speculators and cryptographic money extremely rich people experienced significant development in Bitcoin.

In spite of the fact that, the Bitcoin's prevalence has some way or another diminished in 2019, yet at the same time it is a worthwhile darknet market to put resources into. truth be told, there are different Bitcoin venture plans set forward by the Bitcoin speculators for the fledglings.

2 Steps for Having the Best Bitcoin Investment Strategy

In the event that you are a tenderfoot with regards to making a potential Bitcoin speculation procedure, at that point you can pursue these 6 stages to have a powerful Bitcoin venture plan before being a cryptographic money tycoon.

https://preview.redd.it/xf0dlifkrw641.jpg?width=660&format=pjpg&auto=webp&s=94ed6f93dfa90db8381f469d697fd70a81ff1df4

1-Consider Setting Up a Regular Purchase Scheme

The fate of cryptographic money is more splendid than some other advanced business. In the event that you are not a normal Bitcoin financial specialist but rather this time, genuine about a decent Bitcoin venture plan, you can give a little portion of your compensation to digital currency. This is a decent stunt to hoard a colossal measure of BTC yet with the one-significant cost.

Numerous BTC wallet locales offer administrations for normal withdrawals. You simply need to indicate a dedication of cash and afterward, that cash would be pulled back to buy bitcoins consequently from your genuine financial balance.

2-Consider Buying Bitcoin Locally

On the off chance that you need a decent Bitcoin speculation procedure, you can consider purchasing Bitcoin locally, particularly in the event that you need to put your cash in the neighborhood network. There are numerous administrations which offer you different choices like these.

Instead of blending globally, these destinations enable you to match up with nearby individuals close to your territory or in your neighborhood. You can get in touch with them on the web or even meet them face to face so you know your Bitcoin venture is in safe hands.

Sites like Local bitcoins enable you to look up nearby bitcoin markets that are noticeable among the Bitcoin financial specialists. This site shows in excess of 200 nations and more than 6000 urban areas, including the United States of America.


[Daily Discussion] Thursday, December 26, 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:


[Altcoin Discussion] Thursday, December 26, 2019

Thread topics include, but are not limited to:

  • Discussion related to recent events
  • Technical analysis, trading ideas & strategies
  • General questions about altcoins

Thread guidelines:

  • Be excellent to each other.
  • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
  • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
  • No discussion about specific ICOs. Established coins only.

If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

Other ways to interact:


Disruptive decade: From negative borrowing costs to bitcoin, 10 things teen years brought world ... (current BTC/USD price is $7,278.39)

Latest Bitcoin News:

Disruptive decade: From negative borrowing costs to bitcoin, 10 things teen years brought world ...

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


@AlphaexCapital : Forex Trader: The Ultimate Guide For Beginners In 2019 https://t.co/yxp93x93qw #forex #investing #bitcoin #crypto #xrp #btc #eth #forexsignals

https://mobile.twitter.com/AlphaexCapital/status/1209999929294426113

Bitcoin retraces early 2019 pattern. Can the year end on a positive note? (current BTC/USD price is $7,268.30)

Latest Bitcoin News:

Bitcoin retraces early 2019 pattern. Can the year end on a positive note?

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


@AlphaexCapital : DiNapoli Trading Method is proven & highly-effective adaptation of the Fibonacci Levels. In this quick guide learn how to use the DiNapoli Trading Method => https://t.co/6xmUoMybjc #forex #investing #bitcoin #crypto #xrp #btc #eth #forexsignals

https://mobile.twitter.com/AlphaexCapital/status/1209984827207954433

@AlphaexCapital : Discover The Guide That Gives You 100% Done For You Trading Strategies - Click Here For A Trial https://t.co/XLDwqjxvXo #forex #investing #bitcoin #crypto #xrp #btc #eth #forexsignals

https://mobile.twitter.com/AlphaexCapital/status/1209989696979423232

Bitcoins Lightning Network Is Still in Its Early Days, and You Should Tread Carefully (current BTC/USD price is $7,225.52)

Latest Bitcoin News:

Bitcoins Lightning Network Is Still in Its Early Days, and You Should Tread Carefully

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


Best BTC sports bookmaker & casino!

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Welcome to Sportsbet.io, a Bitcoin Sportsbook, which focuses on 3 core principles: Fun, Fast, and Fair. Our team continues to work hard to make something special for all sports fans and Bitcoin users and we hope you are enjoying it.

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How to trade Monero

https://preview.redd.it/tc7m7s7jzs641.png?width=1000&format=png&auto=webp&s=702bfb5e93db97cb3d7ac5be6aeb62a27882b14e

Monero was created in 2014 as a Bytecoin fork. The main emphasis was on the privacy and security of user data. Even today, Monero is considered one of the most anonymous cryptocurrencies.

How to trade Monero

Monero is one of most sensitive to news events coins. The more significant are events, the stronger the price will react after publication. Digital currencies capitalization is significantly smaller compared to traditional financial markets, which is why there is a lot of price volatility. There is also a strong correlation between the rates of Monero and Bitcoin.

To analyze the price behavior, Tradingview charts are the best, providing all the necessary tools for trading cryptocurrencies. In fact, any of these indicators is quite effective on its own, but if you combine them, you can get better results.

Monero is traded on many crypto exchanges, among which Binance and Poloniex are particularly popular, combining high liquidity and a large number of trading pairs. Trade-mate.io service is developed for convenience, providing a variety of tools to facilitate trading: smart trade with trailing mechanisms, autotrade and Tradingview charts. Users can trade on several exchanges at once. Recently, the service connected the BitMEX exchange, and now trading with leverage up to X25 is available.

https://preview.redd.it/weok9thlzs641.png?width=751&format=png&auto=webp&s=5c0d5fa7432aa76a911d63276a6c47f116cdfa13

As you can see on the chart, the rate of Monero can vary from $52 to $57 within one day. Such price volatility allows trading on hourly and even minute timeframes. Another remarkable feature of the coin is the almost complete absence of flat. During the trend period, Monero has a small volatility, but as the movement equalizes, the volatility begins to grow, which allows you to extract large profits on fast trades.


Bitcoin Holds at the Lower Levels, Possible Bullish Double Bottom Likely (current BTC/USD price is $7,249.80)

Latest Bitcoin News:

Bitcoin Holds at the Lower Levels, Possible Bullish Double Bottom Likely

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


My 2019 curated list of articles, resources and links on programming, math and computer science.

Hi /r/compsci!

Every year I bookmark many websites, tutorials and articles on mostly programming, math, technology and computer science. I go through them all in the end of the year and curate the best, unique and interesting stuff to make a list for myself (and discard the others).

I hope some will benefit you, ignite your interests further in computer science or find something interesting to read and learn. Enough talk, let's get to the meat!



Mods, in case this violates any guidelines please remove it and if possible tell me the best subreddit to post.

Raising a glass or two for 2020! Thank you and have fun!



[For Hire] Experienced senior developer for web/desktop/mobile application, blockchain, game, using C++, Python, JavaScript, PHP, Java, C#, and more

Me

  • 20 years professional programmer.
  • More than 12 years working in large global gaming companies.
  • Created several open source projects.
  • My personal website https://www.kbasm.com for more information.

I can do

  • Develop web front and back end using PHP, Laravel, JavaScript, MySQL, HTML5, jQuery, Bootstrap.
  • Tools and utilities development. Web scrappers, automation tools.
  • Develop applications, utility tools, games for desktop (Windows, Linux) and mobile.
  • Cryptocurrency and blockchain related technologies.
  • Programming mentor and consultant.

My portfolio, I created all these projects

  • eventpp library. It's a C++ library for event dispatcher and callback list.
  • eventjs library. It's a JavaScript library for event dispatcher and callback list (a sister library of eventpp).
  • cpgf library. It's a very complicated open source cross platform C++ library that adds reflection, serialization and script binding to standard C++.
  • Gincu library. It's an open source 2D cross platform game engine written in C++ and cpgf.
  • Jincu library. It's an open source 2D game engine and framework written in JavaScript ES6.
  • markdown utilities. It's a collection of Perl scripts to manipulate markdown files.
  • I developed my personal website and the blogging system on https://www.kbasm.com from scratch

My technology stack

  • Cross platform C++ (very experienced), Boost, Qt5, wxWidget, etc.
  • Python 2/3
  • PHP (Laravel), MySQL, JavaScript (jQuery, ES6, ReactJs), Bootstrap, Semantic UI
  • Java, C#
  • I can master any new technology quickly

My advantages

  • I'm reliable. I keep my promise. I do my best to finish your job.
  • I'm affordable. My price is only a fraction of a Silicon Valley programmer in the US that's equally qualified.
  • I produce high quality result. I pursue high quality in both code and products.
  • I am very experienced and professional. I have been developing software and games since 2000 and have been learning C++ since 1995.

Payment methods

TransferWise, Paypal, Bitcoin. 50% upfront, 50% after I finish the project and before I send you the final product/code. Negotiable.

Hours I can work

Depending on the project, I can work about 10~20 hours each week.

Where am I

I work remotely. I live in Beijing, China, GMT+8.

My fee and rate

I charge a fixed fee for each project.
My general fee is far lower than a senior developer with my experience level in the US Bay Area, but also don't expect my fee is as low as a middle level developer from other low end freelancer sites.
Approximate fee for typical projects, in USD

  • Trivial - small projects: 3-4 figures
  • Small - medium projects: 4-5 figures
  • Medium - Large projects: 5 figures and more

The fee varies depending on the project type and the technology, and negotiable.

You get more than what you pay for

If you are looking for high quality development and don't want to waste your time and money, contact me, you will get very good results for your money.

To contact me, either PM me on Reddit, or contact me on my personal website https://www.kbasm.com


2020 Will Bring Record Highs for Crypto Assets Despite Pessimism

The emotions in the crypto community are in the range from mild boredom on the positive side to apathy and depression on the other extreme. Despite the gloomy background, I believe 2020 will be one of the best years in the history of crypto assets bringing record highs.

Here are the reasons why…

The broader economy

We live in extraordinary times. Central banks are determined to avoid a recession at all costs by providing liquidity and cutting rates which creates a speculative investment environment. The low interest rate are pumping the valuations of almost any asset class and are also making money managers climb up the risk ladder in search of a meaningful return. Since government bonds don’t yield anything, investors need to buy corporate debt, the ones who previously bought corporate bonds are now into stocks, the stocks loving investors have moved capital to private equity and venture capital etc.

The FED balance sheet jumped $370 billion since September in a new program which is “not QE”. They also cut the rates 3 times this year fighting against a falling stock market and a “potential global slowdown” due to the trade wars and Brexit. As a result we have fresh all time highs in all major US stock indices.

Germany is hovering around a recession, avoiding it technically with a dismal 0.1% growth in the 3rd quarter of 2019. At the same time the DAX index was only 1.3% short of making a new all time high this month.

Even Greece that was on the verge of dropping out of the eurozone four years ago, managed to issue government debt at a negative rate this year.

The cost for avoiding a recession creates a distortion in the valuation of all assets. How do you value anything when interest rates are negative? For great insights on the topic read Howard Marks’ memo on the “mysterious” negative interest rates.

This search for return will drive more people towards riskier asset classes like growth stocks, venture capital and eventually the luring asymmetric bet of crypto assets. "Risk on" state of mind is what crypto needs as the whole asset class (even bitcoin) is perceived as very risky.

US election year

Trump will do anything to keep the stock market and the economy going in 2020. The argument is short but compelling.

He has been very vocal about the new highs and didn’t miss the chance to praise himself for the huge 2019 stock returns. He will likely not do anything that will blow the positive investor sentiment.

This is another tail wind for risk prone investor behaviour in 2020 which will favour crypto assets.

The halving narrative

Bitcoin’s block reward halving is scheduled to occur in mid May 2020. It will bring the daily production from 1800 down to 900 coins per day. This will also cut its annual inflation in half to less than 1.8%. While being twice less powerful than the previous having in 2016, this production cut is still going to influence the price. As a self fulfilling prophecy or a supply-demand result, both previous halvings were followed by an upward price spiral that resulted in a bubble and a blow off top. This is relationship is difficult to ignore and if there is a favourable "risk on” environment in 2020 there is a good chance it will happen again. It may also come faster as investors will try to front run it.

Also, this time we have halving events in the two major forks of bitcoin which did not exist back in 2016 - BCH and BSV. Despite being controversial, they are still among the top 10 largest crypto asset. Their supply cut and potential price rise may help feed the whole “bitcoin halving” narrative and create an upward price spiral for the whole sector.

The latest example of a halving was in litecoin this year and it had a very distinct price effect.

It’s been a while since the last bubble

It’s been exactly 2 years after the top of the previous bubble. Most alts are over 90% down from their all time highs. That is a lot of damage for the speculative investor who came in 2017 and 2018.

Also the lows in most coins were set one year ago and have not been broken down despite prevalent pessimism. This has been a painful environment for anybody looking for a quick buck.

There is also a widespread apathy and pessimism among the crypto community with even hardcore believers changing their forecasts to mediocre 2020.

After 2 years and lots of assets down more than 90% from ATH it seems that most of the coins are held by very strong hands. Therefore downward pressure is limited and if it occurs it would be mainly driven by short term speculators.

Tech development

The hot word of 2016 was “blockchain”. The whole world got excited about it in 2017. 2019 is the year of DeFi.

In case bitcoin gets close to $20 000 again the “late" money will flood once again to smaller crypto assets seeking higher returns. If/when bitcoin’s blocks get full and transactions become expensive the old narrative of “bitcoin doesn’t scale” would become valid again and this would spread money to BCH, BSV, ETH and others.

Another potential narrative that exists today is the “decentralised finance” - exchanges, derivatives, stablecoins, borrowing, lending all that infrastructure got far more sophisticated since the last bubble. Apart from DeFi projects tokens, Ethereum is also poised to be one of the top beneficiaries of this trend as it hosts most of the DeFI activities. However the "Ethereum doesn’t scale" narrative is also valid so a lot of money could spill over to the competition in the smart contract space.

It’s been more than 2 years since the scaling problems became obvious and a lot of projects that specialised in that domain are up and running. Others are at the final stages of being launched. What would be a better test than a real world influx of new users and apps that will try to fill the capacity. The process of finding a proper scaling pathway will be pushed forward in case of another bubble.

Conclusion

That scenario will change in case of a global recession that brings the “risk off” attitude. Then assets will fall into a negative price spiral and investors will be looking to preserve their capital by fleeing to “safer” assets. Although such a recession is inevitable at some point, it seems that central banks have been very good at avoiding it by kicking the can down the road. If they succeed again in 2020, get ready for an explosive crypto year. However, do not assume this run will be the same as 2017. It depends much on the global economy and investors’ risk appetite and it may be cut off earlier and not result in a full blown bubble like the one from 2017. The sensible investor needs to be cautious and plan for the short run in this environment.


Key Bitcoin Bull Market Signal Flashes; Whats Next? (current BTC/USD price is $7,290.52)

Latest Bitcoin News:

Key Bitcoin Bull Market Signal Flashes; Whats Next?

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


2020 Will Bring Record Highs for Crypto Assets Despite Pessimism

The emotions in the crypto community are in the range from mild boredom on the positive side to apathy and depression on the other extreme. Despite the gloomy background, I believe 2020 will be one of the best years in the history of crypto assets bringing record highs.

Here are the reasons why…

The broader economy

We live in extraordinary times. Central banks are determined to avoid a recession at all costs by providing liquidity and cutting rates which creates a speculative investment environment. The low interest rate are pumping the valuations of almost any asset class and are also making money managers climb up the risk ladder in search of a meaningful return. Since government bonds don’t yield anything, investors need to buy corporate debt, the ones who previously bought corporate bonds are now into stocks, the stocks loving investors have moved capital to private equity and venture capital etc.

The FED balance sheet jumped $370 billion since September in a new program which is “not QE”. They also cut the rates 3 times this year fighting against a falling stock market and a “potential global slowdown” due to the trade wars and Brexit. As a result we have fresh all time highs in all major US stock indices.

Germany is hovering around a recession, avoiding it technically with a dismal 0.1% growth in the 3rd quarter of 2019. At the same time the DAX index was only 1.3% short of making a new all time high this month.

Even Greece that was on the verge of dropping out of the eurozone four years ago, managed to issue government debt at a negative rate this year.

The cost for avoiding a recession creates a distortion in the valuation of all assets. How do you value anything when interest rates are negative? For great insights on the topic read Howard Marks’ memo on the “mysterious” negative interest rates.

This search for return will drive more people towards riskier asset classes like growth stocks, venture capital and eventually the luring asymmetric bet of crypto assets. "Risk on" state of mind is what crypto needs as the whole asset class (even bitcoin) is perceived as very risky.

US election year

Trump will do anything to keep the stock market and the economy going in 2020. The argument is short but compelling.

He has been very vocal about the new highs and didn’t miss the chance to praise himself for the huge 2019 stock returns. He will likely not do anything that will blow the positive investor sentiment.

This is another tail wind for risk prone investor behaviour in 2020 which will favour crypto assets.

The halving narrative

Bitcoin’s block reward halving is scheduled to occur in mid May 2020. It will bring the daily production from 1800 down to 900 coins per day. This will also cut its annual inflation in half to less than 1.8%. While being twice less powerful than the previous having in 2016, this production cut is still going to influence the price. As a self fulfilling prophecy or a supply-demand result, both previous halvings were followed by an upward price spiral that resulted in a bubble and a blow off top. This is relationship is difficult to ignore and if there is a favourable "risk on” environment in 2020 there is a good chance it will happen again. It may also come faster as investors will try to front run it.

Also, this time we have halving events in the two major forks of bitcoin which did not exist back in 2016 - BCH and BSV. Despite being controversial, they are still among the top 10 largest crypto asset. Their supply cut and potential price rise may help feed the whole “bitcoin halving” narrative and create an upward price spiral for the whole sector.

The latest example of a halving was in litecoin this year and it had a very distinct price effect.

It’s been a while since the last bubble

It’s been exactly 2 years after the top of the previous bubble. Most alts are over 90% down from their all time highs. That is a lot of damage for the speculative investor who came in 2017 and 2018.

Also the lows in most coins were set one year ago and have not been broken down despite prevalent pessimism. This has been a painful environment for anybody looking for a quick buck.

There is also a widespread apathy and pessimism among the crypto community with even hardcore believers changing their forecasts to mediocre 2020.

After 2 years and lots of assets down more than 90% from ATH it seems that most of the coins are held by very strong hands. Therefore downward pressure is limited and if it occurs it would be mainly driven by short term speculators.

Tech development

The hot word of 2016 was “blockchain”. The whole world got excited about it in 2017. 2019 is the year of DeFi.

In case bitcoin gets close to $20 000 again the “late" money will flood once again to smaller crypto assets seeking higher returns. If/when bitcoin’s blocks get full and transactions become expensive the old narrative of “bitcoin doesn’t scale” would become valid again and this would spread money to BCH, BSV, ETH and others.

Another potential narrative that exists today is the “decentralised finance” - exchanges, derivatives, stablecoins, borrowing, lending all that infrastructure got far more sophisticated since the last bubble. Apart from DeFi projects tokens, Ethereum is also poised to be one of the top beneficiaries of this trend as it hosts most of the DeFI activities. However the "Ethereum doesn’t scale" narrative is also valid so a lot of money could spill over to the competition in the smart contract space.

It’s been more than 2 years since the scaling problems became obvious and a lot of projects that specialised in that domain are up and running. Others are at the final stages of being launched. What would be a better test than a real world influx of new users and apps that will try to fill the capacity. The process of finding a proper scaling pathway will be pushed forward in case of another bubble.

Conclusion

That scenario will change in case of a global recession that brings the “risk off” attitude. Then assets will fall into a negative price spiral and investors will be looking to preserve their capital by fleeing to “safer” assets. Although such a recession is inevitable at some point, it seems that central banks have been very good at avoiding it by kicking the can down the road. If they succeed again in 2020, get ready for an explosive crypto year. However, do not assume this run will be the same as 2017. It depends much on the global economy and investors’ risk appetite and it may be cut off earlier and not result in a full blown bubble like the one from 2017. The sensible investor needs to be cautious and plan for the short run in this environment.


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[December 25, 2019] Weekly Electra Discussion Thread!

Welcome to the /r/Electra_Currency Weekly Discussion Thread


Current important posts



Thread Guidelines:


  • Be familiar with the subreddit rules..
  • Please be helpful and friendly.
  • DON'T DISCUSS YOUR HOLDINGS WITH OTHERS!

Daily discussions will be used for:


  • Quick questions that do not warrant a separate post.
  • General discussion related to the week's events.


Node Pacific Joins Global Blockchain Leaders Summit 2019

https://preview.redd.it/izhxbm6k9r641.png?width=719&format=png&auto=webp&s=0be4c0cd79fac924613d9d44d1664d044c73be09

Global Blockchain Leaders Summit (GBLS) 2019, which was held at Grand Intercontinental Seoul Parnas on Dec. 17, was hosted by ZG.COM, a blockchain digital asset trading platform. Co-sponsored by Gravitera Consulting, the Korean Institute of Blockchain Technology, Coinin, a blockchain investment accelerating platform, and Coin Otaku, the biggest Japanese cryptocurrency media. The summit was packed with more than 1,000 media and investment institutions, about 1,000 blockchain industry leaders from 20 countries as well as more than 3,000 industry officials, making the event the biggest blockchain summit of the year, a GBLS official said.

Han Seung-soo, the Former Prime Minister of Republic of Korea attended the Global Blockchain Leaders Summit, while the Former U.N. Secretary-General Ban Ki-moon made an opening speech.

https://preview.redd.it/9jp8x1mm9r641.png?width=456&format=png&auto=webp&s=dc52ea2cc57887bd98085fcd537a68166dbe6c38

Node Pacific, the World Largest Node Operator, was invited to attend GBLS 2019.

As we all know, year of 2019 is a very special year for the blockchain community. Libra and DCEP have come to the stage. President Xi Jinping urges accelerated blockchain technology adoption in China. The Korea Summit has taken this chance to review the development of the blockchain industry in 2019. Meanwhile, Bitcoin China CEO Mr. Yang Linke was invited to deliver a keynote speech on “Global Blockchain Development Trends in 2020”.

https://preview.redd.it/qque6hmo9r641.png?width=1280&format=png&auto=webp&s=144f0a4f335d8088477262fc7fe34ecc113eb5d4

Allen, CMO of Node Pacific was invited to participated the GBLS gala dinner as a ZG.COM partner. He shared his views with politicians and entrepreneurs from all industries, blockchain experts and scholars on the integration of blockchain technology with the real economy, the pain points of the cryptocurrency exchange development, industry innovation, future investment, technological reform and many other important issues.

Meeting a lot of the event guests at the booth, he said that the summit was a good opportunity to interact with other businesses and discuss the way forward together, generating a collaborative value as Node Pacific has been pursuing.

Node Pacific

Node pacific (节点亚太) is the world largest nodes operator, which has integrated technology, cloud services and overseas services into one whole spectrum. Node Pacific’s blockchain eco-system governance service has covered 153 countries and regions worldwide. So far, Node Pacific has secured a Pre-A Series of funding from StarWin Capital and has established partnership with Tencent Cloud and Alibaba Cloud successively.

With its solid blockchain technical accumulation and eco-system construction experience, Node Pacific provides blockchain APIs, utility components for SME, blockchain technology solution and eco-system construction tools for its major clients, the overseas teams.

Contacts

For more information, please contact us via the following channels:

Wechat ID: NodePacific
Telegram:https://t.me/nodepacific
Official Website:https://www.nodepacific.com
Twitter:https://twitter.com/node\_pacific
Official Weibo:https://www.weibo.com/u/7031545621
Medium:https://medium.com/@nodepacific
Reddit:https://www.reddit.com/user/nodepacific


Billionaire Mark Cuban Thinks Bitcoin Is Less Useful Than Gold (current BTC/USD price is $7,317.85)

Latest Bitcoin News:

Billionaire Mark Cuban Thinks Bitcoin Is Less Useful Than Gold

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


Documentation - Step by Step Guides - Need Help!

We need help with documentation

  1. We need accurate, up to date, step by step text guides
  2. We need screenshots
  3. and we need Videos!

Proof of Work (POW):

https://www.reddit.com/r/BiblePay/comments/6umlqq/how_to_mine_biblepay_on_windows/

https://www.reddit.com/r/BiblePay/comments/6ummuj/how_to_mine_biblepay_on_linux/

https://whitewalr.us/2019/biblepay-nomp-pool-mining.html

https://whitewalr.us/2019/solo-mine-biblepay.html

https://www.biblepay.org/mining/

NOTE: Core wallet can only solo mine (there are future plans to add a stratum connector)

Proof of Orphan (POOM):

https://wiki.biblepay.org/POOM

https://wiki.biblepay.org/Paying_For_a_POOM_Sponsored_Child

https://whitewalr.us/2019/biblepay-cameroonone-partnership.html

https://whitewalr.us/2019/cameroonone-poom-charity-donation.html

Healing Campaign:

https://wiki.biblepay.org/BiblePay_Healing_Campaign

https://whitewalr.us/2019/biblepay-gsc-healing.html

Dynamic Whale Staking (DWS):

https://forum.biblepay.org/index.php?topic=468.0

Proof of Distributed Computing (PODC):

https://wiki.biblepay.org/PODC

https://whitewalr.us/2019/boinc-wcg-join-change-team.html

Old: https://wiki.biblepay.org/Distributed_Computing_2

http://wiki.biblepay.org/Distributed_Computing_Start_Guide

http://wiki.biblepay.org/BOINC_Researcher_Setup

https://wiki.biblepay.org/Getting_Started_With_PODC

How to Buy BiblePay coins (Bitcoin, Exchange, Wallet, Sync, Encrypt, Backup)

https://bitcointalk.org/index.php?topic=2388064.msg51062536#msg51062536

How to Create Proposals (How to Get Funding)

http://wiki.biblepay.org/Create_Sanctuary_2#SUBMIT_PROPOSAL

Masternode

http://wiki.biblepay.org/Create_Sanctuary_2

I think we need to add the upgrading to deterministic?
https://www.reddit.com/r/BiblePay/comments/clyxyc/upgrading_masternodes_sanctuaries_to/

Anything missing?

You can get paid BBP coins from our monthly budget for working on this!

https://forum.biblepay.org/index.php?board=5.0

Reference:

https://bitcointalk.org/index.php?topic=2388064.msg53424005#msg53424005