Monday, November 5, 2018

0xBitcoin General - Weeks 45 and 46, 2018

A lot has happened in the past few weeks, and this time I actually paid enough attention to it and wrote it down as well.

Some general stats (and changes since last time):

Mining difficulty: 818,109,875 (0.00%) (next: ~800,107,457 ) (-2.6%)​

Estimated hashrate: 2.61 Th/s (-37.41%)

Current average reward time: 21.88 minutes (+59.35%)

Tokens minted: 3,327,300 0xBTC (+1.41%)

Token holders: 4556 holders (+1.37%)

Total contract operations: 188399 txs (+0.27%)

Source: https://0x1d00ffff.github.io/0xBTC-Stats/?page=stats&#

Tokens required to be a top holder (and changes since last time):

Top 10: 36197.32435793 0xBTC (0.00%)

Top 25: 23614.66689656 0xBTC (+4.04%)

Top 50: 14174 0xBTC (0.00%)

Top 100: 7159.1234115 0xBTC (+4.35%)

Top 200: 2994.7652797 0xBTC (+1.49%)

Top 300: 1550 0xBTC (+0.45%)

Top 500: 650.02267112 0xBTC (+7.08%)​

Top 1000: 165.9 0xBTC (+4.86%)

Source: https://etherscan.io/token/0xb6ed7644c69416d67b522e20bc294a9a9b405b31#balance

Recent events:

  1. The largest happening of the past two weeks is without a doubt Infernal_toast coming public in an interview he gave to Ethex. Not irrelevant is the date on which he did so - the 10th anniversary of the publication of the Bitcoin whitepaper. In addition to the holy image of our Royal Toastiness, there's also some interesting crypto stuff in the video. https://youtu.be/fKMDSc7-AA4
  2. Infernal_toast started a series called "Tokens with Toast", where he looks at the contracts of various ERC20 tokens and comments on them. The second video in the series looks at the contract of Oyster (PRL), which recently screwed over everyone that invested in it. The deployer had not locked himself out of the contract, so he could re-open the ICO and buy freshly-minted PRL tokens at ICO prices, which he promptly proceeded to dump on everyone. Highly educational stuff, recommended watching for everyone. https://youtu.be/iOTI5oslIbU
  3. Infernal_toast is the gift that keeps on giving, and in addition to the previous two things, he has also created a video preview of the LavaWallet. In case you're not in the know, then LavaWallet will allow people to transfer ERC20 tokens without having to hold ETH and by paying for the tx with ERC20 tokens instead, greatly simplifying transfers on the Ethereum network. https://youtu.be/qZwKrAhs8Xc
  4. The FPGA miners have switched their rigs to finer pastures and 0xBTC's hashrate has gone down considerably. 0x1d00ffff's website tracks the hashrate average between adjustments and since we're currently lining up for an adjustment, then the data displayed above is still somewhat skewed by the work that the FPGA's submitted a few hundred blocks ago. The charts he provides on his site are far more accurate if you're more interested in the current situation (https://0x1d00ffff.github.io/0xBTC-Stats/?page=graphs&#). The actual hashrate is more in the region of 400Gh/s and the blocktime is upwards of 100 minutes. As such, new supply is rapidly drying up and we're probably up for a grind towards a new adjustment just like during the summer.
  5. An idea was formed in the discord to do some paid marketing in the form of an advertorial on CCN. The 9 ETH required were raised in only a few days, with half of the amount donated by a generous whale - shout out to that homie. A community member going by Moonboy3000 (mirin' the name), who's a professional writer, volunteered to write the article and it'll hopefully be published early next week. The plan is to coincide the release of the article with press releases to various other news outlets as well as a refreshed version of the 0xBitcoin homepage that GeoffedUP has been working on. You can browse through the discord for the article and see the work-in-progress on the website at https://geoffedup.github.io/0xbitcoin.github.io/.
  6. Mr F wrote a letter to a journalist who's been writing articles about wBTC and the future of ETH-miners after Casper. Given his choice of topics, he should be interested in 0xBitcoin, so we might get some free exposure. No guarantees though, we'll just have to wait and see.
  7. Nic has been running 0xBitcoin ads on Youtube. Specifically, he's been running the "History of Cryptocurrency" video that toast made (https://youtu.be/Xf8W-C9fN5M). What's remarkable is that the video is over 10 minutes in length and over 20% of the people that had it displayed to them watched it to the end. That's probably on account of the fine targeting nic has done on the ads.
  8. 0xBitchain, which is the brainchild of lodge, has been moving forward in its development. I'mma be real honest with you though and admit that this whole sidechain thing is a bit above my head, so you'll just have to look for yourself. http://forum.0xbtc.io/t/concept-0xbitchain-a-layer-2-sidechain-that-runs-natively-on-0xbitcoin/117
  9. There's a voice chat in the discord now every Friday at 5 PM EST. It's jolly good fun having some banter with the lads, plus it's nice to be able to put a voice to the text.
  10. The discord has been very lively in general recently. It's by far the most active part of 0xBitcoin at the moment, so if you're interested in the project then hop on by. https://discord.gg/JGEqqmS

[Daily Discussion] Monday, November 05, 2018

Thread topics include, but are not limited to:

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  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

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[Daily Discussion] Monday, November 05, 2018

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:


What do you think of a Byteball AirDrop lottery?

This idea was posted elsewhere by someone with username keeek, but I am posting here to bring to attention. I have copied and pasted the original text:

"There is no fair distribution. There will always be people who get something or even get more and others get nothing. So the goal of the distribution is not fairness. The goal must be - with the resources available - to reach as many people as possible. With a weekly raffle of $ 25K from the official team, attention could be generated for many months at a much lower cost than previous Airdrops. By the height of the possible profit new users are attracted. A 25K USD profit is a life-changing event. This makes the rounds. Next you need bytes in the wallet for the lottery. Saving bytes (linking, not spending, like the existing lottery - just linking!) to the raffle could stimulate the market and raise prices. Nothing attracts more new people in the crypto universe, like rising prices! This is how the crypto market works (unfortunately). I think the topic of mass adaptation in the crypto world is only about the widest possible number of users. There must be many users and only then come the shops. Not the other way around. Therefore, the goal must be to get as many people on the platform as possible.

Calculation example: Even with the currently low byte price 600 raffles could be made with the remaining distribution fund paying a 25,000 USD profit each. Such a weekly raffle would be possible for years. Of course it makes no sense to do this for years, the example is only to show how long you can operate with the Fund such an Airdrop lottery. "

The original poster also followed up

"Airdrop Lottery

Of course, I know this lottery. But I'm talking about an Airdrop distribution and new users. With the existing Smart Contract lottery you also have to spend bytes to participate. My suggestion is to link the bytes only. In addition, the profit in the existing lottery is far too low to ensure a new spread, since it consists only of the deposits of users. My suggestion is to use the Distribution Fund.

Bytes vs. Dollar / penny

You have to do it as easy as possible. How do you make it easy for people? By giving you something that you already know. People know dollars and cents. You know euros and cents. I mean people know a main and a small unit. This has already worked for Bitcoin. There are many decimal places at Bitcoin and the Satoshis are the cents. Everyone gets it right the first time. We would first have to explain the gigadollar or megaeuro. Of course, this would be a far-reaching change, as many system components need to be rewritten. But if, why not now? Currencies have produced similar units for centuries: a main unit and a penny unit. At the beginning, I also thought that gigabytes, megabytes and bytes would actually be quite elegant, but in reality you force people to use a computer format. "

Tarmo888 fromthe Byteball community responded:

" But, the goal of initial distribution is not making some lucky guy rich, the goal is to be a fair initial distribution. So, as many as possible people (especially non-existing cryptocurrency users) will get some bytes. Lottery just makes very few people extremely rich and some linking system is very similar to the same system that airdrop to Bitcoin users already was, including people who already have bytes, not new users https://byteball.org/#dist

You are explaining the exactly the opposite. Yes, everybody knows that Dollar and Euro is bigger than cent or penny, but new users don't know that Bitcoin is bigger than satoshi, they need to learn it first and it is confusing because in real world, coins (metal money) are smaller units than paper money and because more notable people (Benjamin Franklin) are on higher paper money notes. So, if new users have heard Bitcoin and Satoshi Nakamoto then first impression is opposite - Bitcoin seems small unit because it is coin and Satoshi seems big unit because it is notable person (like on paper note). And no, there is not many system components that need to be rewritten, on background Byteball uses Bytes everywhere, kilobyte/megabyte/gigabyte is just a way how to show ridiculously big byte values in comfortable format that makes sense for the user, so instead of displaying 100 000 000 bytes, it can be displayed as 100MB. There is nothing bad about computer format, it is universal, even Google can help you calculate it https://www.google.com/search?q=100000000+bytes+to+megabyte

If Bitcoin/Satoshi makes sense to you, but Byte/KiloByte/MegaByte/GigaByte doesn't then you have misunderstood something. Bitcoin and many other cryptocurrencies, the amount you have them, doesn't relate to what you can do with them, the value in them is constantly changing. On Byteball, 1MB means that you can do transactions or store data that takes 1MB of space on DAG database. "

paul murray

As I understand, 1 byte = 1 lottery ticket. If you have 1000 Bytes you would get 1000 tickets regardless of whether you keep all 1000 in one wallet or if you spread them to 1000 independent wallets. So there wouldnt be an issue with people entering multiple times to increase changes of winning with multiple wallets

What do people think?


What are you buying habits in this bear market?

I just wanted to know where people are at. I have nearly paid off my credit card and the second I do I will be buying between $50-100 of crypto a week.

For a while I was sort of scared off just cause this is my first time actually in the downshift. I know it's not the first or last time this will happen and it's a normal event, it's just this is the first time i have money invested so having a personal stake did challenge my perception...also it doesn't help to have a family/work mates that think it's all a ponzi scheme.

You have enough people telling you it will never take off and you start to doubt it, but then these were the same people that said computers/the internet was dumb and only nerds would ever use them.

I'm planning on buying a mix of about 10 things Binance, Bitcoin, Ether, Litecoin, Bitcoin Cash, BAT, Steem, Neo, Monero, Ethos and maybe the odd random coin if I see something with a good use case/solid team

my strategy is going to be looking at what's down for that day/week and buying whatever is down the most. I just feel like i'm buying for the very long term so it doesn't make sense to buy anything when it's green. If i buy when something is having a bad day as long as it's not related to some sort of real world issue i'm just getting it 10-30% cheaper then normal.

I really have no intention of selling for at least 12 months (tax on gains is cut in half in Aus) but likely I don't really intend to sell for years unless they go crazy kind of like what happened with ripple going from 0.0065 at jan 1st 2017 to $3.10 on jan 6th of 2018.


[Daily Discussion] Monday, November 05, 2018

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:


List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention /u/houseme in the comments. We will make improvements based on your feedback.

 

https://kryptocal.com | /r/kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal

 

ADD AN EVENT

If you like an event to be added, click Submit Event, and we will do the rest.

 

NEXT DAY UPCOMING EVENTS


 

Blockchains

#Chain Batch 0 Demo Day November 5, 2018

 

General

Snovio(SNOV) Web Summit Lisbon November 5, 2018
Storiqa(STQ) Platform Launch November 5, 2018
AdHIve(ADH) Web Summit Lisbon November 5, 2018
WAX(WAX) IVentures 2018 November 6, 2018

 

Software/Platforms

Matchpool(GUP) Ethereum Wallet November 5, 2018
AppCoins(APPC) ASF Launch Event November 5, 2018
Bitcoin(BTC) 100 X $20 Airdrop November 6, 2018

 

Conferences

28th World Congress on Cardiology and Heart Diseases November 5, 2018 9:04 AM - November 6, 2018 5:00 PM