So I got fed up with ESEA and their awful support and ban system and decided to leave their trash platform and go to FACEIT. I went to delete my account and a message popped up saying "Goodbye and thanks for all the fish". I thought this was really scummy from them. This is a reference to the movie "A Hitchhiker's Guide to the Galaxy", and is referring to ESEA being "the dolphins" who are smarter than their users "the humans" that left earth right before it gets destroyed and said "Goodbye and thanks for all the fish" while leaving. It could also be referencing their user's subs feeding ESEA rich owners fish. Whatever the F it means, it's really scummy. Also, back in the day they got caught mining bitcoin from their users computers, which is a great segway to the last topic I wanted to point out here. ESEA installs malware on your computer. Go to your temp directory "C:\Users\yourusernamehere\AppData\Local\Temp" and find the ESEA driver that they install with their client to your PC and that does not get uninstalled after you uninstall the client. The ESEA driver file is called ESEADriver.sys and you cannot delete this file because it says it is being used by another program even after rebooting and having nothing running. I also googled around for 2 hours until I finally found how to get rid of this malware file from my PC. The only way to delete that shit is if you go to your cmd and type sc delete ESEADriver2.sys. Hope this helps some people move away from this awful org to FaceIT. Also lastly, there is a forum topic about deleting this ESEADriver and esea locked the topic without answering how to remove it. You can find the topic here: "https://play.esea.net/index.php?s=forums&d=topic&id=1127146"
Tuesday, September 8, 2020
Cryptocurrency Staking As It Stands Today
Everyone and his grandma know what cryptocurrency mining is. Well, they may not indeed know what it actually is, in technical terms, but they have definitely heard the phrase as it is hard to miss the news about mining sucking in energy like a black hole gobbles up matter. On the other hand, staking, its little bro, has mostly been hiding in the shadows until recently.
Today, with DeFi making breaking news across the cryptoverse, staking has become a new buzzword in the blockchain space and beyond, along with the fresh entries to the crypto asset investor’s vocabulary such as “yield farming”, “rug pull”, “total value locked”, and similar arcane stuff. If you are not scared off yet, then read on. Though we can’t promise you won’t be.
Cryptocurrency staking, little brother of crypto mining
There are two conceptually different approaches to achieving consensus in a distributed network, which comes down to transaction validation in the case of a cryptocurrency blockchain. You are most certainly aware of cryptocurrency mining, which is used with cryptocurrencies based on the Proof-of-Work (PoW) consensus algorithm such as Bitcoin and Ether (so far). Here miners compete against each other with their computational resources for finding the next block on the blockchain and getting a reward.
Another approach, known as the Proof-of-Stake (PoS) consensus mechanism, is based not on the race among computational resources as is the case with PoW, but on the competition of balances, or stakes. In simple words, every holder of at least one stake, a minimally sufficient amount of crypto, can actively participate in creating blocks and thus also earn rewards under such network consensus model. This process came to be known as staking, and it can be loosely thought of as mining in the PoS environment.
With that established, let’s now see why, after so many years of what comes pretty close to oblivion, it has turned into such a big thing.
Why has staking become so popular, all of a sudden?
The renewed popularity of staking came with the explosive expansion of decentralized finance, or DeFi for short. Essentially, staking is one of the ways to tap into the booming DeFi market, allowing users to earn staking rewards on a class of digital assets that DeFi provides easy access to. Technically, it is more correct to speak of DeFi staking as a new development of an old concept that enjoys its second coming today, or new birth if you please. So what’s the point?
With old-school cryptocurrency staking, you would have to manually set up and run a validating node on a cryptocurrency network that uses a PoS consensus algo, having to keep in mind all the gory details of a specific protocol so as not to shoot yourself in the foot. This is where you should have already started to enjoy jitters if you were to take this avenu entirely on your own. Just think of it as having to run a Bitcoin mining rig for some pocket money. Put simply, DeFi staking frees you from all that hassle.
At this point, let’s recall what decentralized finance is and what it strives to achieve. In broad terms, DeFi aims at offering the same products and services available today in the traditional financial world, but in a trutless and decentralized way. From this perspective, DeFi staking reseblems conventional banking where people put their money in savings accounts to earn interest. Indeed, you could try to lend out your shekels all by yourself, with varying degrees of success, but banks make it far more convenient and secure.
The maturation of the DeFi space advanced the emergence of staking pools and Staking-as-a-Service (SaaS) providers that run nodes for PoS cryptocurrencies on your behalf, allowing you to stake your coins and receive staking rewards. In today’s world, interest rates on traditional savings accounts are ridiculous, while government spending, a handy euphemism for relentless money printing aka fiscal stimulus, is already translating into runaway inflation. Against this backdrop, it is easy to see why staking has been on the rise.
Okay, what are my investment options?
Now that we have gone through the basics of the state-of-the-art cryptocurrency staking, you may ask what are the options actually available for a common crypto enthusiast to earn from it? Many high-caliber exchanges like Binance or Bitfinex as well as online wallets such as Coinbase offer staking of PoS coins. In most cases, you don’t even need to do anything aside from simply holding your coins there to start receiving rewards as long as you are eligible and meet the requirements. This is called exchange staking.
Further, there are platforms that specialize in staking digital assets. These are known as Staking-as-a-Service providers, while this form of staking is often referred to as soft staking. They enable even non-tech savvy customers to stake their PoS assets through a third party service, with all the technical stuff handled by the service provider. Most of these services are custodial, with the implication being that you no longer control your coins after you stake them. Figment Networks, MyContainer, Stake Capital are easily the most recognized among SaaS providers.
However, while exchange staking and soft staking have everything to do with finance, they have little to nothing to do with the decentralized part of it, which is, for the record, the primary value proposition of the entire DeFi ecosystem. The point is, you have to deposit the stakable coins into your wallet with these services. And how can it then be considered decentralized? Nah, because DeFi is all about going trustless, no third parties, and, in a narrow sense, no staking that entails the transfer of private keys. This form of staking is called non-custodial, and it is of particular interest from the DeFi point of view.
If you read our article about DeFi, you already know how it is possible, so we won’t dwell on this (if, on the off chance, you didn’t, it’s time to catch up). As DeFi continues to evolve, platforms that allow trustless staking with which you maintain full custody of your coins are set to emerge as well. The space is relatively new, with Staked being probably the first in the field. This type of staking allows you to remain in complete control of your funds, and it perfectly matches DeFi’s ethos, goals and ideals.
Still, our story wouldn’t be complete if we didn’t mention utility tokens where staking may serve a whole range of purposes other than supporting the token network or obtaining passive income. For example, with platforms that deploy blockchain oracles such as Nexus Mutual, a decentralized insurance platform, staking tokens is necessary for encouraging correct reporting on certain events or reaching a consensus on a specific claim. In the case of Nexus Mutual, its membership token NXM is used by the token holders, the so-called assessors, for validating insurance claims. If they fail to assess claims correctly, their stakes are burned.
Another example is Particl Marketplace, a decentralized eCommerce platform, which designed a standalone cryptocurrency dubbed PART. It can be used both as a cryptocurrency in its own right outside the marketplace and as a stakable utility token giving stakers voting rights facilitating the decentralized governance of the entire platform. Yet another example is the instant non-custodial cryptocurrency exchange service, ChangeNOW, that also recently came up with its stakable token, NOW Token, to be used as an internal currency and a means of earning passive income.
What’s next?
Nowadays, with most economies on pause or going downhill, staking has become a new avenue for generating passive income outside the traditional financial system. As DeFi continues to eat away at services previously being exclusively provided by conventional financial and banking sectors, we should expect more people to get involved in this activity along with more businesses dipping their toes into these uncharted waters.
Achieving network consensus, establishing decentralized governance, and earning passive income are only three use cases for cryptocurrency staking. No matter how important they are, and they certainly are, there are many other uses along different dimensions that staking can be quite helpful and instrumental for. Again, we are mostly in uncharted waters here, and we can’t reliably say what the future holds for us. On the other hand, we can go and invent it. This should count as next.
And remember if you need to exchange your coins StealthEX is here for you. We provide a selection of more than 250 coins and constantly updating the list so that our customers will find a suitable option. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example ETH to BTC.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins!
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/09/08/cryptocurrency-staking-as-it-stands-today/
The drowned millionaire, poisoned pooch, secretary from hell and lawyer gone wild. A very long work in progress.
I literally don't know where to start with this. It's been going on for a month now, and the guy has sent over fifty emails. I'm in lockdown with nothing to do so this is it. I've also set up a functional webpage to guide him to, but the logs indicate he is using a proxy in the USA. Still it lets me flesh out the characters a bit. TPDNE is great for website photos.
It all began with a lovely email in my normal Gmail account to say my uncle had left me some cash and could I get in touch. So I arranged for Sir Dr John Mansfield to do just that. Suddenly the deceased's surname became Mansfield too!
As John put it:
It's a little difficult to explain what my occupation is these days! As you probably know, I'm a very well-known retired businessman and these days having millions or billions in the bank is just boring. So getting involved in little projects like this is really what I like to do. And sometimes even travel a little. I had a gentleman in Mali who arranged a similar, very lucrative project. I actually flew there! And he had disappeared. I don't know, I think he wasn't well. But you know, I loved Bamako. I actually invested in a real estate project there. I sent them some tiny amount - maybe $10 million or so, less than my country cottage is worth, and they sold me a skyscraper! They have promised me I can come see it next time I'm in Mali.
I've actually had someone contact me with the same problem you have now; apaprently some long lost uncle of mine died in the Phillipines and I just paid some tiny amount of stamp duty (will I need to cover this with you too?) and eventually they will be sending me the estates of poor uncle Jimmy. Anyway thank you, it's nice to chat. I'm losing my memory quite badly and sometimes get lonely out here on the Moors in my luxurious castle of solitude so it is great to hear from friendly and helpful people like you.
Do you know my nephew Finken? He used to live in Togo, or Toga, or maybe it was Texas? Not sure. If you'd like to arrange your flights please go ahead. I'm halfway between Assleby and Laytham; just ask anyone around and they will direct you. Just turn right off the main road, and head down the driveway. I'm about seventeen miles down the main drive. There is a row of ancient elm; turn right here, and drive about five miles along until you see the towers. Just shout "ahoy there Sir Mansfield" and I'll come out with a dram of Laphroiag to great you.
This reminds me of when someone in Mali wrote to me, and we arranged a whole thing. For about $20m I bought a whole office building! Quite extraordinary. My nephew Finken used to live in Mali, or Togo I think. Anyway my memory isn't so great.
An hour later David hadn't replied! This won't do
Sir John:
I need to move on this immediately send the details let's get on with it I'm heading to Bangladesh for a sensitive matter will be unable to email/write/eat for four days please hurry up and stop wasting my time. I need $45,000 by Thursday morning. My boy can send through the necessary.
[That got him going:]
Dear Mr John, I have already send the information to the bank but yesterday the bank said they need your copy passport too for identification before they can proceed in the processing.
SJ: No problem at all. Does that need to be notarized?
[several emails later..]
SJ: I've attached the passport as requested
[note: nothing attached...several more emails back and forth]
SJ: I have attached a copy, I hope it is OK, I have very poor eyesight. I’ve had the boy block out my face in case it accidentally falls into someone else’s hands. Let me know if that’s a problem. [passport is a stock photo of a passport almost completely blacked out]
SJ: I’ve just received an email from my secretary. They are trying to get power of attorney which means I will have no power over my own finances. They tell me they will “take care of my bitcoin” and “everything will be ok”. I have nowhere to turn. Please remind me how much this inheritance is. Can it please be paid to a different bank account. I can’t have them knowing about this. Please please hurry. This has to be completed within about 48 hours.
Yours in concern
Johnny
[despite no passport or anything useful sent David writes back:]
Dear Mr Johnny,
I have submitted the passport to the bank so I am expecting that the bank will contact you.
The total amount to be transferred to your account is USD30 Million
As soon as the bank contacts you do let me know.
[30 million!]
Dear David:
Thank you so so much my man.
Praise Jesus, I have never experienced such honest business before. May you be bless with the Lord’s grace my friend. And all the Blessings of heaven.
I do hope the bank would be kind enough to contact me very soon, as that bitch Miss Hedda and her gang of goddamned usurpers are going to steal what’s mine like the bloody scum they are.
May God grant you all you need and if we don’t speak again,
Bless you in the name of Jesus.
Love,
Johnny
[finally he asks me for some cash:]
Dear John, I am still waiting your call , besides the bank said that since your passport has no picture that they will legalize it so they demands that i go and legalize it and bring to them. Send me immediately by western union the sum of $350 to legalize it here. send it in my name name: Tamale David city: Lome country: Togo Send the information urgently let me get the money and do the legalization so that the bank will start the processing of the transfer to your bank account Regards,
[another email to David, subject line is a Smiths song title:]
THIS IS A CODE
DO NOT TELL MISS HEDDA
David:
OK I WILL NOT TELL MISS HEDDA
DO SEND THE MONEY LET ME COMPLETE THE LEGALIZATION OF THE PASSPORT AND SUBMIT TO THE BANK ON MONDAY SO THAT THEY CAN PROCEED IN PROCESSING THE TRANSFER TO YOUR BANK ACCOUNT
[I reply]
On Sat, Aug 29, 2020 at 12:40 PM <[SirJohnMansfield@](mailto:SirJohnMansfield@protonmail.com)> wrote:
THIS EMAIL IS IN SECRET CODE. My office is screening my emails as they have now established power of attorney over all my affairs - but only if they know about them!
There are certain words we cannot use. The one starting with "m" and the place you are going on Monday especially. I'm going to need to you send me the email again but please replace the words with the ones below so I can delete the previous email. Lower case is also better for the office's so-called "spam filter".
I have sent 350 "BAZOOMBAS" as requested.iF "DAXID" can Speak to the "BONK" on Monday may they transfer to my BONK account. YOU need to sort out the BONKING as soon as possible. We can't wait until Tuesday to do BONKING. you MUST BONK on Monday. I can BONK on Monday but I never BONK on a Tuesday.
Please confirm you will 'BONK' on Monday.
thanks,
Johnny M
[I've had him completely retype a few emails to put them in lower case]
anyway that's enough for John. Enter Hedda..I'll add a comment
Bitcoin Consolidates, Altcoins Show Mixed Results (current BTC/USD price is $10,041.35)
Latest Bitcoin News:
Bitcoin Consolidates, Altcoins Show Mixed Results
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.
Bitcoin Wallets – What they are and how to use them? A Beginners Guide
Bridge Oracle IEO Launches with Bitcoin.com Co-Founder Mate Tokay as Advisor (current BTC/USD price is $10,292.84)
Latest Bitcoin News:
Bridge Oracle IEO Launches with Bitcoin.com Co-Founder Mate Tokay as Advisor
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.
✨ MyCoinStory August Monthly Recap ✨
#Be_a_Trader!
Greetings from MCS, the derivatives trading platform where traders ALWAYS come first.
Dear Valued MyCoinStory Traders,
MCS has been taking its place in the cryptocurrency derivatives market, with a rapid growth in August 2020 together with pleasant news such as launching various events and new product.
Abstract (Ordered by Date)
🔸 MCS, 170% increase in monthly visitors compared to the previous month
🔸 MCS, the first round of Colorful Quanto, KLAY futures contract announcement!
🔸 Second extension of 140% Maker Enhancement & 40% Taker Fee Discount Event!
🔸 MCS, Jackpot BTC Deposit Event!
🔥 MCS, 170% increase in monthly visitors compared to the previous month
[MyCoinStory (MCS) Similarweb: https://www.similarweb.com/website/mycoinstory.com/]
According to the global web analytics service, SimlarWeb, the number of monthly MCS visitors has increased by 170% compared to the previous month. Similar Web is a reliable service that analyzes and discloses functions such as the amount of website traffic, referral sources including keyword analysis, and the average visit duration of the website. Although MCS (MyCoinStory) is in the early stages of its service, we sincerely thank many bitcoin margin traders around the world who show great interest, and promise to continue to develop in the future. 🎉
🔥 MCS, the first round of Colorful Quanto, KLAY futures contract announcement!
[Blog Article: https://blog.mycoinstory.com/preview-colorful-quanto/]
On the last day of August, MCS announced the start of the COLORFUL QUANTO contract line following the BTCUSDT contracts. The first contract was also revealed at this notice, which grasped great hopes to release quanto products of various unique cryptocurrencies in the future. The first contract being KLAYUSDT futures contract of Klaytn which uses KLAY as the base currency is a public blockchain platform developed by GroundX, a subsidiary of Kakaocorp. The futures contract will be released in early September.
What is Quanto?
Quanto refers to a derivative instrument that is settled with another asset that is neither the base currency nor quote currency in the trading pair. KLAY futures contract products that will be released soon on MCS are settled in BTC, not settled in the quote currency KLAY nor the base currency USDT.
🔥 Second extension of 140% Maker Enhancement (8.13 ~ 9.13)
[Blog Article: https://blog.mycoinstory.com/trading-fee-event2/]
The 3rd event of 40% taker fee discount is running until September 13th, thanks to the enthusiastic support of the traders, the taker fee benefit from the existing fee event is in progress! (Taker: 0.075% → 0.045%)
It's not an opportunity always available, so don't miss out on the big fee benefits in the recent highly volatile bitcoin market and make a successful trade.
🔥 MCS, Jackpot Bitcoin (BTC) deposit event ends successfully!
[Blog Article: https://blog.mycoinstory.com/depositevent/]
MCS (MyCoinStory) successfully ended the Jackpot Bitcoin deposit event held from August 13th to August 27th. This event consists of two benefits: 1) an additional 10% bonus payment of the Bitcoin deposit amount within the period and 2) an additional 20% bonus payment to the Bitcoin deposit king. This event is an event that allows you to receive a maximum 30% bonus of the MCS deposit amount and recorded an enormous participation rate! 🎉
Below are the people who have been selected as deposit kings this time. Congratulations once again!
🥇 st : 13286(UID)
🥈 nd : 13155(UID)
🥉 rd : 10615(UID)
🔸 MCS Official Website : https://mycoinstory.com
🔸 MCS Telegram : https://t.me/mycoinstory_en
Traders ALWAYS come first on MCS.
Thank you.
MCS Official Twitter (EN): https://twitter.com/mycoinstory_mcs
MCS Official Facebook: https://www.facebook.com/MyCoinStory.official