Sunday, November 29, 2020

How to fork bitcoin

To begin with, we’ll take you through the fundamentals. How to fork bitcoin happens when two diggers find legitimate squares simultaneously. Accordingly, when two squares have a similar square stature, this is alluded to as a fork.

The chances of finding the following squares on the two branches simultaneously again are fairly low. Be that as it may, in the event that one split of the blockchain develops longer, excavators will join this split, withdrawing the more limited split.

The squares in the more limited variant are classified “vagrant squares”.

No exchanges are lost since exchanges on the stranded square, in the event that they were not as of now added to the substantial square, are re-communicated to the organization and added into the following legitimate square. These forks generally don’t change the hidden convention. On the off chance that a fork, notwithstanding, is purposeful, it is alluded to as a lasting fork.

QUIT SELLING YOUR BITCOIN. IT'S A TAXABLE EVENT.

Unless you are truly in a pinch, don't buy bitcoin in the first place. Each time you convert btc to dollars, the fucking government will try to take their cut. And they go so far as to show your sells as income, meaning, I sell 1000 bucks of bitcoin and your tax guy may unknowingly report it as a 1000 dollar gain, and now you owe 250 bucks in taxes, give or take.

[Daily Discussion] Monday, November 30, 2020

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:

Get an invite to live chat on our Slack group
Set your flair to trade pretend money in the Flair Game
Weekly threads: Newbie Mondays and Fundamentals Fridays
Altcoins Discussion: Altcoin Discussion

[Altcoin Discussion] Monday, November 30, 2020

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:

Get an invite to live chat on our Slack group and check out the #altcoins channel
Daily Discussion for bitcoin only: Daily Discussion
Prior Altcoin Discussion: Altcoin Discussion

Oracles on Clarity with Blockstack’s Stacks

Blockchain technology relies on its pillars of distributed ledger technology & cryptography for data authentication & segregation of what is right from the wrong. Its origins date back to 2008, the period which was marked by a global financial crisis of 2007-08, which impacted all the economies of the world. Second only to the great depression, it caused a loss of over $2 trillion in global economic growth. The period saw the decline of major financial giant Lehman Brothers on 15th September 2008, it was a 150 year old company bankruptcy of which couldn't be revived ever. It raised questions on the entire banking system, if such an old company could die then none of the existing financial entities could be relied on. The integrity of the whole financial system became questionable.

It led to the birth of Bitcoin on 31st October 2008, a term most synonymous with Blockchain, Cryptocurrency & DLT (Distributed Ledger Technology). It was invented by the pseudonymous Satoshi Nakamoto. Any blockchain technology relies on three basic tenets:

Distributed Ledger: it is a form of a database which is synchronised across multiple nodes, it has the details of all the transactions that have been completed to date, the amount transferred, ownership details etc. It is called distributed as multiple copies of the same ledger exist which are carried by multiple people/nodes. The traditional banking system had just one ledger present with the main entity. As this is distributed, all the nodes speak the same version of truth and fraud is kept under check. It can also be referred to as a global public ledger of past transactions.
Hashing & cryptography: Hash is a generated value from a string of text using a mathematical function. While recording a transaction its value & time of the transaction are fed to a mathematical function and a hash is generated which is the value stored in the distributed ledger. The mathematical function is also called the ‘Hashing Algorithm’. Hashing is a one way function, once the hash is generated the input data cannot be retrieved from it as it would have been a case if it was just an encryption function, hence it is called cryptography and is more secure than encryption. All the hash values have similar character length.
Blockchain: it's the digital system of recording transactions in a manner in which individual records called blocks are linked together to form a large chain. Any new transaction is recorded with the past transactions related to it. Hash of one block is fed as an input along with the transaction data to be recorded in the next block. The first block in the blockchain is called the genesis block. To date 659297 BTC blocks have been mined, to check the current count refer to Blockchain.com
Peer-to-Peer System: blockchain is a decentralised peer-to-peer system with no central agency. This is devoid of corruption from a single source as a distributed ledger is available to all nodes and this transparency is the mark of authenticity.

Recording Transactions on Distributed Ledger

In a blockchain governed financial system, all the transactions have to be recorded on a distributed ledger, the copy of which is carried by all the participating nodes. To make sure only the authentic transactions are recorded, a cryptographic hash is obtained through a complex mathematical function whose input includes the hash of previous authentic transfer, the value of transaction, timestamp, nonce (value to be checked during mining), current owner's digital signature and payee wallet address.

The process of validating transactions and recording them on the global ledger is called mining, and nodes engaged in this process are called miners. For BTC (Bitcoin) it takes approximately 10 minutes for a transaction to be confirmed or mined. Once the block (or transaction structure) is mined all the nodes reach a common agreement about verification & security of the transaction and the consensus is reached.

Miners for contributing to the consensus and to offset their cost of operation are rewarded with cryptocurrency (the type & amount is dependent on the particular blockchain technology ledger they are working on). By the process of mining Smart contracts are executed, which are the digitally executed contracts or promises between two entities comprising a pledge to complete a certain task.

Using Smart Contracts for Tokenization & Real Events

Bitcoin, the largest and by far the most widely used cryptocurrency does not offer support for complex smart contracts. Moreover, simple contracts that can be executed on Bitcoin are often cumbersome to design and very costly to execute. Blockstack has solved this by introducing PoX based Smart Contracts.

Blockstack PBC and Chainlink are joining forces to integrate Chainlink as the preferred oracle solution for the Blockstack and Algorand-supported Clarity smart contract language. It's a language for predictable smart contracts. It enables utilising the strength of the BTC chain by using PoX as the consensus mechanism. It's more powerful than Solidity (used for ETH based smart contracts) and helps in writing detailed contracts which secure and hack proof.

The existing Smart contract languages don't support the inclusion of real world data limiting the application of blockchain. Chainlink methodology allows integration of real world data by use of APIs increasing the scope of utility of blockchain technology.

\"Oracle Problem\" for Smart Contracts

Why choose Clarity over others?

These are shortcomings of ETH based contracts addressed by Clarity:

Reentrancy: it occurs when an external contract calls for the current contract before initial execution is over, this leads to change of state of the first contract which can be exploited
Access Control: contracts have been found with insecure visibility settings exposing the private keys to hackers
Overflow & Underflow: while defining the data types if the contacts are not well written, the processed values may overflow or underflow the defined size and its a potential bug
Unchecked Return Values For Low Level Calls: if any function keeps on continuing with processing even after returning a value eg: FALSE, it can result to unwanted outcomes
Denial of Service: hackers can exploit ETH smart contracts by repeatedly abusing access control, artificially increasing GAS to compute a function, behaving maliciously when being the recipient of a transaction causing DoS
Bad Randomness: ETH being open source, hackers have been able to figure out predictable answers to random function outputs, this has given them a chance to exploit
Time Manipulation: as the time is recorded for each transaction, malicious nodes may record it incorrectly making the chain vulnerable
Short Address Attack: malicious miners may pass incorrect inputs to technical functions resulting in giving a chance for hackers to take over

Smart Contracts with External Events

Chainlink's decentralized oracle network provides reliable, tamper-proof inputs and outputs for complex smart contracts on any blockchain. The open source code provides a unique opportunity to connect to access any external data through API calls.

Final Thoughts

Secure Smart Contracts

PoX (Proof of Transfer) is a unique sustainable consensus mechanism that combines the merits of existing mechanisms. This allows application of detailed smart contracts on BTC chain which was previously not possible. The proposed Chainlink's solution solves the Oracle problem of smart contracts not able to use real world data. Using Clarity smart contracts can now be written which are more secure and enhanced. The whole arrangement would increase the scope of smart contracts from mere tokenization to encompassing real events.

This article is a repost of my recent Publish0x article.

US Illuminauto Release

Stores – US

Opening Date and Time – Monday November 30, 2020 – (10am Mountain Time)

Terms and Conditions

Please be aware that we are entering the holiday shipping season, shipping delays are to be expected. Please allow up to 21 days for shipping.

To deal with continued shipping delays we have decided to limit the number of orders we take through the store. Our hope is that this will allow us to process orders in a timely manner, but also have the bandwidth to follow up with customer service issues that could result from extended shipping delays. The store will close when we hit our order limit, this does not mean all items are sold out. WE expect to hit this limit in the first few hours of store opening, so be sure to place your order as quickly as possible.

We will open the store again in January when all orders have processed, and shipping issues have been dealt with. In the meantime, you can order from several Seed Banks that have our stuff in stock! > https://www.mephistogenetics.com/stockists/usa-distributors

The payment methods available for this event are limited to Debit/CC and Bitcoin. Info about payment methods - https://www.mephistogenetics.com/info/payments
Please allow 15 BUSINESS days for your order to process and ship. We expect to have all orders shipped out by December 18th. An order status of processing means your payment has been approved and is awaiting shipment. You will receive a tracking email once your order has shipped.
Orders are processed on a first come, first served basis, first paid first shipped basis.
Please take care when placing your order, we are not able to add on/remove items or make other changes to your order. All sales are FINAL.
Please double check your shipping address. We ARE NOT accountable for missing orders if the address provided is incorrect.

Full Stock List

#41 - Bear Assed Monkey - (4 Assed Monkey x 3 Bears OG)

#42 - Grizzly Crinkle - (Sour Crinkle x 3 Bears OG)

#43 - Sour Gummy Bears - (Sour Stomper x 3 Bears OG)

#44 - Pinot Noir - (Double Grape x Crème De La Chem)

#45 - Sweet ‘n’ Smelly - (Sour Livers x Sour Bubbly)

#46 - 50 Shades of Grape - USA Exclusive – (Menage a Tyrone x Double Grape)

Reserva – Double Grape, ManBearAlienPig, Toofless Alien

Medical – Canna-Cheese 1:1

Artisnals –3 Bears OG, Crème De La Chem, Skywalker, Sour Stomper, Mango Smile, Samsquanch OG, Forum Stomper

Sold 30% of my company for € 1.9M, now what?

Hi all, I'm both writing to celebrate a small big success I've achieved and to look for advice on my next steps.

I own a tech business, of which I just sold 38% to a private equity fund. This is netting me € 1.9M, or 1.55M after taxes. I'm from a mid-class family, based in southern EU, I'm in the early 30s with my partner stay-home mom, and 2 kiddos (1yo and 2.5yo). Both I and my partner always lived very frugally. On avg, we live - everything included - with about 2.5/3k per month. We currently own our house (small apartment which I purchased for 185k in 2013, with a 125k mortgage on it) and have a few savings split in this way:

25k as an emergency fund
50k in cash
7k invested in individual stocks
25k invested in ETFs
25k in crypto, which I purchased a while ago

Now, considering this huge liquidity event, I'm very concerned about NOT blowing away the money we got but rather use it as the ignition for our FIRE plan. Here is my current plan:

400k to purchase a new house (where we currently live, is way too small for a family of 4). To keep costs down, we will move a bit outside of the city in a small village 10mins drive-away from where we are now. This will set us up potentially for our entire life as we will purchase a 200square meters villas with a 250sqm garden, we couldn't ask for more. This will be fully paid in cash.
~400k I will invest in 2 more apartments that we will rent (in addition to our current house, which we will keep and rent). We will pay in cash for both apartments.
100k will go in bitcoins (I truly believe in the principles behind it)
300/350k will be invested in ETFs (with DCA)
200k will be our emergency fund + liquidity
Any sum between 20-40k we will splurge and enjoy (will buy me a nice watch, go for some hardcore shopping and we will plan a few family trips as soon as COVID will allow it).

This is my overall plan. My end-goal is to start building up passive incomes via a mix of real-estate, ETFs, and renting. As I'm selling a minority stake in the company, I will keep my job (my salary as CEO is roughly 140k/yrs after taxes) and after the lock-up period of 3yrs, I'll see what to do according to how the company will perform and when the investor will want to exit. I don't want to count on this as nothing is guaranteed.

So, this is my plan, any advice or recommendation is welcome. Thank you all in advance.

Weekly /r/DesMoines Events Thread for the week of November 29, 2020

This thread is for any events going on in Des Moines this week! What events will you be attending? What events do you want to attend? What events do you want to promote? Whats new around Des Moines this week? Add a comment below.

Please provide the following when posting new events: - Time, Date, Location, Cost and some sort of description of the event.

New threads start every Sunday, and will be stickied at the top of the subreddit.

Here are some places to find things to do: Cityview's Calendar - Juice's Calendar - Des Moines Register Event Page - Catch Des Moines Calendar

If you have any recurring events, specials, or other suggestions for this weekly thread, please send us a modmail

Bar Map

THANKS FOR HELPING US CROWDSOURCE THIS

Discord for Iowa/Des Moines https://discord.gg/2MKbCv5

Trivia Nights:

First Monday of the month is Mona's Pub Quiz at The Lift
Benchwarmers in Ankeny on Mondays
BeerStyles in WDM, Tuesdays 7-9 PM
Ridgemont in Windsor Heights Wednesdays 8-11
Wednesdays at Fireside Grille in Altoona -starts at 8
Trivia Thursdays at The Ingersoll Tap.
Tuesdays at Quinton's
Gas Lamp has triva on Tuesday
Tuesdays at Basement Bar at Des Moines Social Club
There's trivia at The Beer House in Urbandale on Wednesdays, 7pm. Also at F&O's on Fridays, 9pm
Tuesdays at Wellman's Ingersoll
Wellmans Pub on Ingersoll has trivia Tuesday night at 8
Trivia at Thunder Head in Ankeny every Tuesday
Trivia at the Keg Stand, Thursday nights (I think it starts at 8:30?)

Drink Specials:
2 for Tuesdays @ the Flying Moose every Tuesday all night (Also, 2 fers every day until 8pm)
Beechwood has 2 for 1 on tuesdays.
Quintons: Thursday Half off all drinks
Quarter beers at both Flying Moose and Mickey's Clive on Weds
Wednesday is geeks who drink at the red monk
Lift has $3 draws on Thursday
First Wednesday of every month there is a bottle share at 515 Brewing @ 6
- Tuesdays they have trivia at The Hall in Valley Junction too. Starts at 7.
- Smashpark in WDM has trivia at 7 and 8 on monday nights
Weekly Open Mic night:
Gas Lamp now does karaoke on Tuesdays (with a live band for you to sing with!).
Tuesday night comedy open mic at Lefty's Live Music at 8pm.
open mic every Tuesday at Luckys at 8.
Friday night at the Beechwood is free stand-up comedy.
Acoustic music open mic at AJ's on East Court, Sundays at 4pm
Free Killer Queen at Up-Down every Thursday!
There is trivia at The Ducktail Lounge on Sunday’s.
Open Mic Thursday at Java Joe's Downtown at 7:30

Other Ongoing Events:
Blues Jam Band every Tuesday at Carl's Place, $3 tallboys
Des Moines Bitcoin and Blockchain MeetUp at Gravitate in West Des Moines - 2nd and 4th Thursdays of each month (eg Oct 25th) at 7:00pm

If any of these are no longer current or you would like to add something, please ping /u/annarchist to update this thread otherwise I may miss it.

Weekly stock market news | Next stocks earnings reports | TSLA , PLTR, DE and more stock news [11-29]

What happened last week in the stock market? What are the next interesting earnings reports? Let’s talk about the stock market!

Hey everyone and Welcome so let’s start with the recap of what has happened in the stock market since Monday.

Monday the DOW rose by more than 1,12% with the broad stock market SP500 also gaining more than half a percent while the NASDAQ was the laggard barely up 0,2% to finish the day while The VIX had another big drop closing at 22.2. About 70% of the companies were gaining while 80% were trading over 50 and 200-day moving averages. The stock market was lead by the energy sector, which saw a major spike of almost 5% with Financials and Industrials also up more than 1% for the day. The rally was pushed mostly by small and mid-cap value stocks while large-cap growth companies were lagging as you can see in this HEAT MAP with the biggest company in the world, Apple, dragging down the sector, down almost 3% for the day. CHART / SECTORS / CHART

Reports also came in on Monday that the PS5 and the new xBox have been sold out the moment they are available in stock, as the two gaming consoles are enjoying great demand, this bolds well for the parent companies Sony and Microsoft especially if they can keep up with the demand for this holiday season including Black Friday, holiday RETAIL SALES are forecasted to rise between 3,6 and 5,2%. XBOX & PS5 NEWS

All this while Europe will start to re-open again after a contraction of the economy due to the latest lockdowns. As they saw the Eurozone PMI falling by almost 4% in October. EUROZONE NEWS

Some good news came from STORE CAPITAL as the rent collections for November remained at 90% with no new tenants requiring deferrals, this suggests that companies are managing to survive even with the current restrictions in place.

We also saw reports that Janet Yellen will be the next Treasury pick as she would become the first person to be at the top of the FED the White House Council of Economic Advisers and the Treasury and she will become the first woman to lead the Treasury. TREASURY NEWS

Moving on, Tuesday we saw the DOW spike more than 1,5%, the SP500 rising 1,6% and the NASDAQ up more than 1,3% in what was a very good day for the stock market with more than 70% of companies advancing and 167 new highs on above average volume. The leaders were once again Energy and Financials, as this 2 sectors, will be two of the fastest benefiting from the end of the pandemic. The rally was continued with value companies leading the way for the 2nd straight day. You can struggle to find red spots in the HEAT MAP from Tuesday but there were a few in healthcare and real estate. This was the first time that the DOW closed over 30k. CHART / SECTORS / CHART

NIKOLA stock tumbled after the recent rally as the GM deal seems less likely every day, as the deadline for the deal is December 3rd.

While October HOME SEARCHES surged over 200% as a Redfin report shows, this leads me to believe that the strong housing demand will keep remaining at this levels for a good period of time.

On Wednesday we saw the stock market take a breather, as the DOW lost 0,6%, the SP500 lost 0,16% while the pandemic plays regained some momentum with the NASDAQ being up almost half a percent before the stock market closed for Thanksgiving.

About 54% of companies were losing ground with below average volume for the day, as Technology and consumer discretionary and staples were the gainers for the day. Value plays did see some normal corrections after the huge gains in the last days as investors were cashing out some money probably before the day off. CHART / SECTORS / CHART

Here is the HEAT MAP from Wednesday as only a couple of companies Like Amazon, Apple, Nvidia and Shopify were gaining, while the energy sector was the biggest laggard.

Also the AAII investor sentiment SURVEY from Wednesday showed that people are getting more bearish or bullish as the neutral feeling fell way below the historical average as bullishness remains very high. This is usually a contrarian indicator, as more bullishness gives me reason to take profits and bearishness to invest in the stock market, though I don’t have the same confidence in this as in the past, as I expect this market rally to last until the end of next year.

News came in from Delta Airlines as pilots approved pay cuts and lower guaranteed hours that could avoid more than 1700 pilots getting cut off. This are great news both for the company and the pilots, as air travel will pick up again in the next years. DELTA NEWS

Also, Deere reported blowout EARNINGS and a beat of more than 1$ per share and a revenue only 0,6% below last year while also issuing strong 2021 forecasts as they see the equipment sales climbing more than 10% compared to 2020 with a strong net income guidance of 3,6 to 4 billion $ compared to the May guidance of 1,6 to 2 billion $. 4Q 2020 / 2021

We closed the week on a short day on Friday as the NASDAQ led the way up 0,93%, the SP500 up 0,24% and the DOW barely up 0,13%. As we saw about 55% of the companies advancing on way below average volume due to the short day of trading with 85% of companies trading below average volumes. Friday was a pretty divided day as Health Care and Tech lead the way while Utilities and Energy saw a slight pullback after the big gains this week. SECTORS / CHART /

Here is the HEAT MAP from Friday as we see that the market was dragged higher by the big tech companies and communication services while the rest of the market was pretty much lagging.

So for the week, the Nasdaq lead the way up 3% and closed at the 45th record of 2020, the SP followed up 2,3% and closed a 26th record of the year with the DOW also rising 2% in this shortened week. While the VIX closed the week just below 21, at the lowest level since February.

So great signs for the recovery of the economy still popped up almost every day, as the stock market is more forward looking than it is a reflection of the current economic conditions. As November will likely be the 7th straight month of job gains, though they will be the fewest in number since the recovery of jobs has begun. NOVEMBER JOBS

Also, Bitcoin has seen its price drop from almost all-time highs at 19,5k down more than 3k before bouncing back to around 17k. The cryptocurrency was due for a correction as it had seen a huge rally in since Labor Day and this correction came as news popped of the Treasury attempting to rush out regulation on crypto-wallets. This would be a big negative factor for people who own Bitcoin not for just it’s value but for using it also. But we will have to wait and see as the Treasury boss will be replaced when the Presidency changes. BITCOIN NEWS / BITCOIN CHART

Some company news from Friday were that PALANTIR saw it’s stock plunge from all time high of 33,5$ to 27,6$ after Citron tweeted that they are shorting the stock with a 20$ price target. This are common tactics that short sellers use in my opinion to get the fast results they expected. Citron also got into a short position on NIO recently and that news also made the stock take a plunged but that has since recovered and even made new all time highs since.

Great news came for sports betting companies like DraftKings and Penn national as Canada seems to be going the same way as the US as legalizing sports betting advances more and more. CANADA NEWS

Also, Tesla has seen a huge spike in the last weeks since the SP500 news, and the stock might see another spike as Musk TWEETED that the full self-driving feature will be released wider in the next weeks as the company finally approaches the end of software development as they collect more and more data. Tesla has surpassed Berkshire and is now the 6th largest company in the US as the stock is up more than 600% year to date making Elon Musk the second richest person in the world behind only Bezos. The company will go into the SP500 index at about 80% of its total market value cap as the index only counts the free-floating shares. I believe we won’t see such a big spike in price when the company will be added to the SP in December, just like it happened with the stock split its more of a buy the news sell the event type of thing. As I expected the stock jumped over the previous all time highs and it might see a little correction when the event actually happens, but in the long run this a company that I will continue to own in my portfolio. TESLA CHART / MUSK WEALTH /

Next week we will have some interesting earnings reports that I expect to beat the estimates from companies like NEXT WEEK EARNINGS

AUTOHOME which is a company that has great potential as it trades at a low P/E, they offer leads and services for auto consumers in China and they have a very wide consumer base to spread to.

With ZOOM also expecting to report on Monday after the close, I recently just sold out of my position in Zoom. I think there is too much positive expectations for the company as it trade at almost 200 times earnings per shares.

Also, Salesforce are expected to announce earnings on Tuesday, as the company saw it’s stock tumble after the news of a possible acquiring of Slack. In the long run that will be a very good play for the company as they have continued to buy more and more companies that allows them to keep growing.

Other companies that are reporting and are very interesting to watch are CrowdStrike and OKTA also on Tuesday with DocuSign , Dollar General, Marvell and Snowflake reporting on Wednesday.

Good news came this Saturday for online retailers as sales jumped more than 20% on Black Friday and are expected to grow between 15 and 35% tomorrow as Cyber Monday may set a new record for online sales. RETAIL EXPECTATIONS

Here are the most important economic data that we are looking for in the next week as it will be a week full of numbers that may impact how the stock market reacts in the near future. Hopefully we will see an improvement in PMI and a decrease in jobless claims and many more improvments. NEXT WEEK ECONOMIC DATA

Thank you everyone for reading! Hope you enjoyed the content! Be sure to leave a comment down below with your opinion and other thoughts on the stock market!

Have a great and see you next time!