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I converted my moon to nano and I think I made a mistake 'AMA'
Because I am a degenerate gambler (who tries to quit) I transferred the nano almost immediately to binance and open a 125x position on bitcoin. I hope you will not ask if long or short because you know how bitcoin moved in the last days. It does not matter, I got liquidated. This is what most of the gamblers do with money that falls from the sky, they gamble it all and 90% of them also lose it all. Now, without any moon I think I missed the chance to be part of this very big movement, that is crypto currency. Because if crypto succeeds, as I think it will, this subreddit might be the main source of news for everyone and looking of how hard is to get some moons now, I really think I blew it. I love nano, and I bough back, but how do I get my moons back on reddit? I can buy them also but where do I store them securely outside of reddit? Also posts like this are making me think /cryptocurrency is heading the right way. So if you want 200 moons it seems you have to do a post at least as good as that. Damn.
Warning! beldextrade.com is a scam - another fake giveaway
I wasn't too privy to this specific scam before today, and I searched for the website in question but found nothing. The red flags were everywhere the entire time I was going through this, but it initially seemed legitimate enough for people to be easily deceived. Hopefully any potential victims can find this post and save themselves from being scammed. It all started when I got a message on Discord (https://imgur.com/1fMZ3qS) from a guy (ironically) named "Crooked" telling me I won $69 of bitcoin in a random giveaway. This was the first red flag but I clicked through just to take a look. I went to the site, created an account, and tried to withdraw my 0.008 BTC... https://imgur.com/s1J4D5u I have to gamble some of it away to withdraw it? Second major red flag. At this point I had nothing to lose so I went ahead and bet the minimum of $15 on the roulette. When the timer hit 0, I was greeted with this: https://imgur.com/xtXt80t. I won $2k in bitcoin!? Yeah, obviously this is too good to be true, but in the moment I just blinked at the screen. There's a "live" chat with the gamblers chatting away, so I asked if I really just won. Some of them quickly answered me with the affirmative. It all looked pretty convincing, but I wouldn't be surprised if these are paid actors or even AI chatbots. Then I tried to withdraw again, but I got a message telling me I need to talk to support to activate a "bot app". So I do, and support linked me to a chrome extension: https://chrome.google.com/webstore/detail/a%D1%80%D1%80-cr%D1%83%D1%80t%D0%BE/bhihlepfeofebhiafmidfeipambijdgl. I need to install it and log into coinbase / binance / etc to "verify I'm not a bot or money launderer." I read the reviews on the extension and it's glaringly obvious. The extension steals the login info of the wallet and the scammers empty it out. At this point I was certain this is a scam, but I spun up a VM to install it so I can get to the bottom of this. Sure enough, another attempt to withdraw was met with failure, and further talk with the support rep informed me that I need to have at least $500 of bitcoin in my online wallet in order to be verified. After all these red flags, I'd have to be an idiot to go through with that, so I finally called them out on it. Alas, the rep promptly disconnected from the live chat and banned me from the gambling chat for good measure. I know enough about scams to not fall for stuff like this, but I can totally see how people can. There's some techniques used in order quell the doubts that pop up while going through the hoops. There's the low initial giveaway (>$100 seems believable), the rush of gambling (ESPECIALLY for people who are prone to these addictive behaviors) and "winning" $2k in realtime. This all reminds me of the old "sign up for x to unlock free y" scams that were all over the internet a decade ago, but a lot more nuanced and sophisticated. There's probably dozens, if not hundreds of these sites out there, but I feel the more info is out there the less people will end up falling for it. TL;DR: If you get a message on Discord saying you won a small amount of bitcoin, ignore it. It's a scam.
Yeah, it’s another one of “those”. But honestly, after being in the game for long enough, you end up developing an eye for the good coins. Not the “good” ones, the GOOD ones. Believe it or not, research and common sense is the name of the game!
A little bit more about me: I come from a business & logistics management background. I started investing in cryptocurrencies and trading a little more than six months ago. As a person, I am very detail oriented and I’ve been researching all kinds of cryptos, for hours a day, for the past six months. The more I researched, the more I learned, the more I became hungry for knowledge, and therefore the more i researched. From trading to cryptocurrency basics, their economics, their political implications, the technology revolution they represent, the human psychology aspect as well as emotional trading behaviours (FOMO, FODO, etc.), all of it!
I’ve purchased Ethereum at 150$ (when I first started in crypto). Then NEO back when it was still AntShares and trading under 3$. Gas (Antcoin back then) at 30c, OMG when it was sub-1$, and ETP at exactly a dollar (selling it later at 5$). This was all before I even knew how to do a basic margin trade & was still in the process of learning about crypto (and while tether still had a “reasonable” market cap! LOL)
My approach is pretty simple when it comes to crypto. I split coins into seven main categories:
-Store of Value (BTC) -Payment (DASH, BCH, LTC) -Pure Anonymity and/or Evil Stuff (XMR) -Platform/platform’ish (ETH, NEO, LISK, CARDANO, ETP, Iota, Factom and the likes) -Shitcoins (99% of ERC20 tokens) -Absolute Shitcoins (Boolberry, Embercoin et al.) -Fee Split / Dividend Coins
That last category is my favorite. While I do strongly believe in diversification (10% store of value, 10% payment, 5% anonymity, 25% platform in my case), I always have a “lean” towards coins that make business sense. Coins that derive their value directly from the amount of usage the platform gets (Factom, for example). Coins such as NEO, BNB, Kucoin, Coss, ICN, TenX and the likes, basically coins that either have a direct “dividend-paying” property (NEO generating gas, Kucoin/Coss awarding holders with a % of the exchange’s trading fees) or an indirect “dividend paying” property such as BNB, ICN, TenX using quarterly profits to buy back their own coins and burn them, thus raising the value of the rest of the coins in circulation over time.
Now let’s look at market caps of these direct and indirect “dividend” coins.
Neo: 2.3B TenX: 246M Binance: 200M Iconomi: 155M Kucoin: 44M (68M at ath, not too long ago) Coss: 5M
You see that odd one there with only 5M market cap? Yeah. That’s the great buy right now. That’s the x10, x20 or even x30 that most people haven’t realized yet. That’s also the “dividend coin” you can scoop a ton of while it’s on the cheap, and make massive recurring revenue from as the exchange solidifies and evolves.
What is COSS? COSS stands for Crypto One Stop Solution. They’re a Singapore based cryptocurrency exchange with an amazing team that’s currently expanding. They aim at becoming the “One Stop” solution for crypto, meaning A) an exchange, B) a payment gateway for merchants to accept crypto payments, and probably sometime in the future C) crypto debit/credit cards. They offer their own coin (COSS coin), and holders of this coin receive 50% of the trading fees generated by the exchange (more on this later).
Now, what a lot of people still don’t realize in crypto, you don’t invest in the bigger market cap coins expecting to make a killing (“the moonshot”). Sure, they’ll bring you nice long term growth as the whole market matures, and that’s where you want to diversify and solidify your portfolio, solid coins with a purpose. But what if you want more thrill? An actual opportunity to “moon”? You find a project that makes business sense, that has at least a working product, and a good team. Buying NEO at 2.5B market cap? You missed the boat, it was a dollar a few months ago and already went x60 (“mooned”), and now stabilized at roughly x38. OMG had it’s x10-15 already. BNB as well. Their market caps are big, and a lot of buying needs to happen to even double in price.
Antshares (NEO) back then was a steal at 1, 2 and 3$. It was a huge risk, with huge rewards. They didn’t even have a product other than their blockchain. No dApp running or even being built on it, no english resources to even figure out how to code on it and deploy a smart contract, no marketing, hell we didn’t even know if Da Hongfei was still alive. All it was is a Chinese based smart contract platform, with an innovative dBFT concensus algorithm. It was a 100M market cap coin that early adopters believed in, and essentially invested in when it was not much more than a website and a blockchain. Look where it’s at now, with more than a dozen dApps being built on it, a solid team of roughly 10 devs, with the NEO council also funding City of Zion (team of 20+ NEO devs). NEO has grown into an incredible community, and is now launching coding dApp contests left and right, with the latest one in partnership with Microsoft china & offering half a million dollar’s worth in prizes.
NEO holders get rewarded with GAS on a daily basis. When NEO gets further adoption, all fees such as registering an asset, deploying a contract, changing an asset, etc. will be redistributed to NEO holders as well on a pro rated basis. Only transaction fees are not, as those will go out to MasterNodes. If you got yourself a thousand NEO’s back when they were a dollar or two a piece, you’re now generating 7 gas per month. That’s roughly 161$ USD per month, on a recurring basis, at current gas prices, out of a 1000$ investment. That’s a whopping 16.1% PER MONTH on original investment, and not even counting the fact that you pretty much made 37000$ profit on the NEO’s themselves. Today? Well, you gotta dish out 38000$ to buy a thousand neos and make 161$ per month, basically bringing you 0.4% per month on original investment.
Same with bitcoin. Early adopters that got it at pennies. It just hit $10K USD a piece. For every 30 cent spent purchasing bitcoin in 2009, you’d have $10K USD in the bank account. Invested 3$? 100K. Invested 30$? 1M.
Ethereum? From a dollar to half a grand now.
Moral of the story? Early adoption pays off. History repeats itself, and it will continue to do so. Bitcoin was digital money for nerds, ethereum was a cool project that nobody really gave a crap about until they got EEA which showed credibility (early adopters of eth had a great vision, I’ll give them that!). Neo was chinese vaporware. What do they all have in common? Their.Early. Adopters. Made. A. Killing.
Look where they stand now. Look where a lot of coins stand now. Even a lot of ERC20 tokens that don’t even really have a reason to exist have market caps over 100M. And for what? They don’t reward you with anything other than price increasing because more people buy (greater fool theory)? They don’t reward you with dividends from the project/platform itself? Their value isn’t derived directly from the amount of usage it gets (a la Factom, PaulSnow you genius.)? They still don’t even have a minimum viable product to show? When you ask yourself why does it need a coin, and the answer is either “uhh…” or “oh it grants you voting rights” (that nobody gives a crap about, let’s be honest), you should reconsider your investment strategy. Cause I can tell you a lot of people don’t know what the hell they’re doing, and they’d be better off diversifying in the top 5 or 10 coins and holding than investing in the shitcoinfest that crypto has become.
And that’s why COSS is a pretty buy right now. You’re investing in a platform that’s already up and running, not a whitepaper or vaporware. Hell even Eth and Neo were riskier investments for early adopters. Let’s go over the cons first:
It’s ugly. The UI sucks. It doesn’t have API’s yet, meaning there’s no bots to create liquidity, and therefore low volume. It’s been fudded to death by KuCoin shills (and their referral links you’ve seen everywhere a month ago). Charts are horrible
That’s about it. Whenever you read up about coss, those are the cons you’ll find. But what about the pros? Well, all of this is in the process of being fixed, as we speak.
Singapore has lax laws about cryptocurrencies and issued a statement it does not feel the need to regulate them. It’s securing exclusive ICO’s already despite being a tiny exchange, and has mentioned being able to secure from 4 to 6 per month. The team listens to the community’s feedback and takes it seriously. This is Gold. One of the first things they were criticized about was trying to do too many things at once (an exchange, a payment gateway, a full one-stop solution for crypto, etc.) and they’ve taken the community’s advice and decided to focus solely on the exchange for now and build it properly, before branching out to the rest. “Better excel at one thing and build from there, than be mediocre at multiple things at once” Also following community feedback, they are implementing trading promotions “a la Binance”. Part of the total supply of COSS tokens will be donated to charities (the community votes to who they go). First of all, that’s just plain nice. Secondly, I find it pretty damn cool that we donate this for good causes, and they basically keep “generating” income from it. It’s basically like a “perpetual donation” on behalf of COSS and all of its users, and definitely will make a lot of people feel good about using the exchange. Thirdly, this pretty much guarantees millions of COSS tokens are going to be in perpetual “HODL” mode, essentially taking them off the market. They will be implementing a FIAT gateway sooner than later. We all know FIAT gateways are game changers. They are constantly hiring. The team growing is definitely a good sign. They are revamping the overall UI and charts, once again following the community’s advice, and the proposed new look is fantastic! Check it out here, as well as other great announcements: https://medium.com/@runeevensen/coss-io-7379b7628d93EDIT: It has been brought to my attention that there is a UI upgrade scheduled for tomorrow (Dec. 3rd), although it isn't clear if it's a minor one or the actual major overhaul, might wanna keep an eye out on that! They are upgrading the matching engine and releasing API’s soon to allow bots to create liquidity and significantly raise the trading volume. Unlike KuCoin, the revenue split (COSS token holders) will always receive 50% of the fees, whereas kucoin will start decreasing it in 4-6months and it will bottom out at 10-15% The revenue split from trading fees is controlled by a DAO, meaning the COSS team cannot arbitrarily decide to change it later down the line, unlike KuCoin where the control over the fee split is centralized and they decrease it as they please. The DAO model also avoids it being labeled a security. First of all, those aren’t really “dividends” as dividends would require them to calculate income minus expenses to determine profit, and then distribute this profit to shareholders, and obviously that’s a legal nightmare. With the DAO model, you don’t get a percentage of the “profits”, you get a revenue split from the exchange fees, and it’s done by clicking a “distribute” button which makes a call to the smart contract and distributes your coins. COSS itself is not giving you anything COSS is still in Beta. It has a tiny market cap. Now’s the time to pick it up, not when it’s out of beta and has become successful, or you’ll be in another Antshares/NEO situation. A ridiculously small move from 5M to 50M in Mcap and that’s x10, a move from 5M to 150M (still under binance levels) and that’s x30. In the long run, COSS aims to be more than just an exchange. Holders of the token, who currently get 50% of the exchange’s trading fees, will also get 50% of other fees charged from coss. This includes their eventual payment gateway. Merchants around the world wishing to accept crypto payments will be able to use COSS’s gateway and COSS will charge a 0.75% fee per transaction. We, as COSS holders, also get 50% of that. You believe crypto is the future and going mainstream? Well your COSS will entitle you to the revenue generated by tens of thousands, if not hundreds of thousands of businesses accepting crypto payments via COSS Point-Of-Sale. COSS also mentioned that all other COSS “fee generating” products to come will all be subject to the same DAO/50% split. Logically, If they have 1) The trading platform, and 2) the payment gateway, then the third step is solving the problem of spending the crypto in places that don’t accept direct crypto payment, AKA a crypto credit/debit card. Well, guess what? Users of such cards will be charged a small fee as well when their crypto is being converted to fiat in real time for payment at a gas station. We as COSS holders are, again, getting 50% of that fee. As you can see, this is a coin that makes business sense to invest in. Unless you really, reaaaaaally care about a coin being the “Future of decentralized prediction markets” or “the future of decentralized dating” or the “decentralized gambling coin” and whatnot. Smart money is smart. It's only a matter of time before savvy investors discover this coin.
ALTHOUGH, keep in mind, the calculations above take into consideration an average trading fee of 0.2% and while this fee is accurate right now, it will most likely average 0.1% once API’s are released and liquidity/market maker bots start operating on the platform. Also, the calculations above do NOT take into consideration that in 4 years from now, there will be 200M (hard cap) COSS tokens on the market. HOWEVER, these calculations also do not take into consideration that by then, COSS will have a fully up and running payment gateway, crypto credit cards, and other revenue-generating products such as a crowdfunding platform, smart contract deployment platform, etc. that are also generating revenue for COSS holders.
All in all, if all goes as planned, the payment gateway/cards/other products will negate the additional COSS tokens released in the market as well as the average trading fee of 0.1%, and therefore the numbers presented in the excel docs will remain sensibly the same. Also, if crypto really takes off in the mainstream, then the revenue split to coss holders from the payment gateway & credit card spending could very well double, triple or quadruple all the numbers you’re seeing in these excel sheets, and that’s on the low end. Remember, the exchange only charges 0.2% (0.1% average once we have bots) out of which we get half, but the payment gateway on the other hand charges a flat 0.75% (7.5x the what the exchange’s fee), out of which COSS holders get half. This could be a massive revenue driver, easily surpassing the exchange itself, and honestly if at that point in time this coin is NOT valued at 3B+ (I mean, even ethereum classic is over that right now..), then I’ll just give up on the whole notion of logical thinking.
Quick example, assuming in 4 years 50M in gateway processing daily (18B yearly), 0.375% of that would be 187.5K USD daily for COSS holders. With 200M Coss tokens total supply, if you hold 10K coss you’d generate 9.375$ per day (65$ per week, 282$/mo.), and that’s purely from the gateway (totally excluding the exchange revenue, crowdfunding revenue, credit card revenue, etc.).
If you have 100K coss you’d generate 93.7$/day, 650$/week, 2820$/mo, again purely from the gateway.
If you’d rather assume more conservative figures (let’s say 25M in daily gateway processing on COSS, all around the globe, or 9B yearly), then simply divide these figures by half. If you wanna go balls to the walls, double them (100M daily, 36B yearly). Play around, have fun with the numbers! To keep things in perspective, square has processed 50B’s worth of transactions in 2016. Therefore I believe using 9B, 18B and 36B for our calculations isn’t too far fetched, and actually pretty reasonable.
Anyway, to sum this up, no matter how you look at it, COSS is an extremely promising project with huge potential, and actually has working math (and a working beta!) behind it. It’s only a matter of a month or two before they’re out of their Beta, have upgrades to their UI and engine, and start really growing from there. The team listens to the community, which is super important, and they’re working on a multitude of revenue streams, out of which not only them, but all coss holders will benefit from, fifty fifty.
Their crowdfunding platform will be a competitor to indiegogo, gofundme, kickstarter, and they’ll have a small percentage fee (50% of which goes to COSS holders). The crypto Point-Of-Sale will be a competitor to Square and the likes (50% revenue to COSS holders). The crypto credit card (also 50% revenue to COSS holders). It is truely an admirable project. Shovel manufacturers made a killing during the gold rush, and COSS is positioning itself as the shovel manufacturer in the crypto adoption gold rush. This is a coin that makes sense to invest in, it is ultra tangible, and will give greater returns than any type of “decentralized [insert function here]” type coins.
On a personal note: Honestly, I believe this is the proper way to ICO, by NOT giving people worthless tokens that only go up in value due to speculation (looking at you, 99% of ERC20 tokens). Let investors guide you, let them reap 50% of the rewards as THEY are the ones funding you. This’ll keep the investors interested in the project, and every single one of them will have a direct incentive to vouch for your product. It’s only right for the investors to get rewarded with something tangible, I’d take that any day over a speculative shitcoin who’s only purpose was to put money in the project’s founders pockets
Quoted directly from said link:“For those that are most interested in discussions regarding the trading price of COSS. Please have in mind that when we entered our token sale, our clear sales message was a 3–5 year road-map, and not a 3–5 months pump and dump. We are a small team, doing our utmost to deliver and all we ask is for you to continue to give us feedback and also for you to give us some time to deliver. *That being said. We still aim to be out of BETA as soon as possible with a new engine for the exchange in Q1 2018. New UI should be in place well before that.** Once we feel we have this in place we will roll out massive marketing campaigns to attract users and increased volume. So although we have a 3–5 year road-map ahead, you should expect to see 2018 being “our year”. The 3–5 year plan is more on the complete roadmap when we proudly can call ourselves a one-stop solution. For now it is all about the exchange, and there we will see rapid changes over the coming weeks/months.”*
All in all, i’d like to thank the COSS team for actually caring about their investors, keeping them in the loop, listening to their feedback and giving them a unique and tangible opportunity. I’d also like to thank all the other COSS investors, who see a huge potential in this project and support the team, and lastly, all of you crypto-heads for reading through!
Happy hodling, and hopefully see you all at 500M+ market cap by late 2018 :)
-Some random guy on Reddit.
PS: Not investment advice. Always do your due diligence. Also, if you’d like, you can join the discussion at /cossIO
Friendly reminder: ETH is the quickest way to get your funds on the COSS exchange, and COSS/ETH pair has 4x the volume of the COSS/BTC pair.
Hi Bitcoiners! I’m back with the 29th monthly Bitcoin news recap. (sorry a bit late this month) For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month. You can see recaps of the previous months on Bitcoinsnippets.com A recap of Bitcoin in May 2019 Adoption
I was tipped Nano, what's next? Congrats on receiving your first Nano tip! The first thing you should do is move your Nano to your own, secure wallet for safe keeping. This will only take 5-10 minutes. -- Setting up your wallet There is a number of wallets available that support Nano but we recommend: IOS: Natrium or Canoe Android: Natrium or Canoe PC/Web: Brainblocks Wallet Remember to carefully store your seed phrase during the wallet signup process. If you lose this seed you may lose access to your Nano. We recommend writing it down in multiple locations for additional peace of mind. -- Withdrawing your Nano from the Tip-bot Now that you have your wallet set-up you will need to PM the tip bot, u/nano_tipper to instruct it on where to send your funds. To withdraw your Nano, you should PM the bot the following:
send [amount of Nano] [your address]
Where the amount is the total value of the tips you have received ( You can PM the bot, "balance" if you do not know this) and the address is your wallet address, which you can find in the wallet app you have just downloaded, usually under "Receive" or "My Account" pages. e.g:
If you have any problems with this step, leave a comment below, visit the tip-bot documentation or official subreddit. -- What to do with your Nano Once you have your Nano in your own wallet, it's up to you what you want to do with it. Like any currency, you can save it, spend it or sell it: ---- > Spending Nano Like any currency, Nano is meant to be spent! and with zero fees & instantaneous transactions there is no better method to buy the products / services you love. Currently there are a number of things you can purchase with Nano, including: Games, gift-cards, hotel stays, in-game currency, gambling, takeaway food and even pay in-store in certain locations. List of stores accepting Nano Alternatively you can signup for Wirex and within 3-5 days receive a Visa debit card capable of spending Nano at any of millions of physical locations or online stores worldwide in which Visa is accepted. How does paying with Nano compare to other popular payment methods?
---- > Selling Nano You may wish to sell your Nano for your local currency (USD/EUGBP etc.) or exchange it for another cryptocurrency such as Bitcoin. This is easy to do and should only take an hour even for someone new to Nano. To sell your Nano for a local / fiat currency, there are a number of services you can use, such as the following: Sell to USD: Kraken, Coingate Sell to EUR:Wirex, Kraken, Bitvavo, Coingate Sell to GBP:Wirex Other: Wirex (AUD, HKD, JPY, CAD) To sell your Nano in exchange for a cryptocurrency such as Bitcoin or Ethereum, we recommend the following: BTC: Binance, Kucoin ETH: Binance, Kucoin USDT: Binance Nollar: Txbit Full list of exchanges -- More information / Need help? For more information and/or help on moving/using/selling Nano, you can turn to the helpful folks on the official subreddit, nanocurrency or the official Nano Discord. --- --- --- What is Nano worth? At the time of posting, 1 Nano = $1.02 USD but you can check the current price here as it will fluctuate over time. --- --- --- What is Nano? Nano is a digital currency for the real world - the fast and free way to pay for everything in life. It features instant transactions, zero fees and is infinitely scalable. Gone are the days of complicated and energy-inefficient transactions - Nano is green and easy to use. --- --- --- What is Nano For Good? Nano For Good is a community-run (initially by three community members) initiative to help better promote Nano, fund Nano-based projects and support helpful community posts. With 45,000 Nano in our fund and over 18,000 Nano distributed & tipped to date. Follow our progress here: https://nanocrawler.cc/exploreaccount/xrb_3cnhdppkx46f9jnagbizhxo84zjfp17tznpcf6x9q47jkujjqbq48aag5fid
This is the first of an intended series of recurring community updates. Our goal is to issue these biweekly, for now, and possibly more or less frequently as news may dictate. The past month has been one of blistering growth for 0xBitcoin (0xBTC) and there are many exciting things in the pipeline! We have seen a dramatic increase in awareness and adoption and our community is growing rapidly. As many of you know, 0xBTC is the first proof of work currency on the ethereum network. There was no ICO, no pre-mine and everyone who owns this coin either earned it through mining or purchased it from another community member. The group drafting this letter has no extra control or power over the token — we are just active community members who want to see 0xBTC succeed. Overview of Our Recent Growth. The table below provides an overview of several growth statistics regarding 0xBTC. 0xBTC GROWTH STATISTICS May 15th to June 15th Unique Wallet Addresses - 3,099 to 4,120 (+38%) Reddit Subscribers - +/- 600 to 913 (+52%) Discord Subscribers -1,373 to 2,475 (+80%) Hashrate 1.14 TH/s to 4.02 Th/s (+252%) CoinMarketCap. We were recently listed on CoinMarketCap, adding additional exposure. It took a few weeks to get the market cap and circulating supply updated given that this is the first mineable ERC 20 token. It is still unclear if the circulating supply they have on record is dynamic and changes with new supply numbers or if they put in a static placeholder. Thanks to the efforts of some community members we were able to get that mostly sorted out and now have a full listing. Additional Exchanges. Exchanges are starting to take notice of 0xBTC as reflected by new listings on Mercatox, IDex, and PayFair. Community members have submitted applications for many other exchanges, with the Discord channel being a good place to keep up to date on developments. Many members have pointed out likely “wash trading” on the Hotbit exchange, leading to its removal from our price and volume bot on the Discord. A community member also informed Coinmarketcap and LiveCoinWatch about our suspicions. LiveCoinWatch has removed Hotbit as per their request. We will continue to monitor for unusually high volume and, as a community, hopefully condemn such practices and distance ourselves from unscrupulous organizations. Lava Wallet. 0xBTC’s developer, Infernal_Toast, recently completed and released the early stages of the Lava Wallet. The Lava Wallet allows the easy transfer of an ERC20 token between users. Using off-chain digital signatures and a network of relayers, users can send any ERC20 token without worrying about holding Ether for gas. Our hope is that 0xBTC will find more application use and personal use as a currency if it is easy to transfer as a standalone token. What is Next for 0xBTC? Lots of things in the Works! Formal Security Audit of Smart Contract. While the 0xBTC code has been subject to a strict peer review, one initiative is to have a formal 3rd party audit review of the contract code. We believe this might be an important step towards mass adoption and growth, since a currency is unfeasible for use if there remains even a shred of doubt about its functionality. We are looking for low-cost solutions to this, as our community fund pool is limited at this time. The Discord is the best place for community members to give suggestions and work together on securing a fair price for a service from a reputable firm. Legal Determination that 0xBTC is not a Security. The SEC is giving us more and more guidance each day as to what types of cryptocurrencies may or may not constitute a security. Based on available guidance, many of us believe if analyzed by legal counsel, 0xBTC would not be considered a security [*this is not a legal opinion]. This is important for adoption, since securities are more highly regulated than commodities. There is a community initiative to seek a memorandum / written opinion letter from a United States securities lawyer stating that 0xBTC is not a security. Many of the larger exchanges require this kind of legal analysis — including Binance. This is one reason we were not part of the most recent “Binance Community Coin 7 Vote.” Marketing Campaign — We would like to raise funds to engage in a marketing campaign to spread awareness of 0xBTC. The full details of this have not yet been determined, but we hope that community involvement will lead us to a good decision on where our community funding should go. Games and Competitions. Some users are looking at setting up various DAPPS/games/competitions all involving 0xBTC. Some of these might involve gambling, such as sports betting platforms. Please keep in mind that some projects built by community members will not have undergone audits for security. Also, while the vast majority of community made projects are for the benefit and/or recreation of the community, please be wary of scams targeting our community. As 0xBTC increases in adoption and reach, our community will increasingly become a target for such activities. Have fun and play responsibly. 0xBTC Foundation. We are looking into forming a 501(c)(6) non-profit entity (the “Foundation”) which will serve to promote 0xBTC through spreading awareness and advancing the short and long term initiatives. There will be an initial, provisional board of directors (or equivalent structure) established to set up the foundation and start working on the goals. Once established, anyone can seek to join the board and we plan to figure out an election method. Note that the initial board members don’t get paid or have any power in excess of any one token holder. The 0xBTC foundation will seek donations to fund some of the initiatives above. We are looking into creating a smart contract of some kind so that if anyone were to donate, they can be certain their funds go to the intended uses. As of now there is a small reserve fund of 19,125.16 0xBTC to be used for community efforts. Let’s make it grow! Remember — Imitation is the sincerest form of Flattery Given the success of 0xBTC, we have seen the rise of 0xBCH, 0xLTC, 0xDoge and other “0x coins”. The fact that groups are “copying” and imitating 0xBTC is truly flattering and we want to thank all the other 0xBTC coins for their vote of confidence. We wish them all the best. With developments in merge miningthere is even the possibility of having other mineable tokens tie their mining to the mining of 0xBTC, furthering increasing adoption of the token and beginning to define 0xBTC as the standard for store of value on the Ethereum network. Important Links Official Website White Paper Medium Post Explaining the Why and How of 0xBitcoin Reddit Thread with the Latest Miner Links for nVidia/AMD/CPUs 0xBitcoin’s CoinMarketCap Page Discord Server Ethereum EIP 918 — A Specification For A Standardized Mineable Token YouTube Video Explaining 0xBitcoin 0xBitcoin Github 0xBitcoin Block ExplorerOverview For The Lava Network Public ETH/ERC20/0xBTC Donation Address Conclusion. It is so amazing to be involved in the infancy of this cool project and extremely novel idea. Can’t wait to see what is next! I am sure our community will have new surprises soon. Contributors to this DocumentThis document was drafted by several involved community members and in no way do any of the individuals below have any authority, control or governance with regards to 0xBTC. This is a 100\% community driven effort. Key Contributors: Crypturk, Bee Herder, JeffreyBlockWolf, Userbrn, Mikers, Blazehuntley If anyone would like to become more involved and help with the next community update or with any other initiative, please do so — anyone can get involved! Remember, this coin is all about the community!
I was tipped Nano on Twitter, what's next? Congrats on receiving your first Nano tip! The first thing you should do is move your Nano to your own, secure wallet for safe keeping. This will only take 5-10 minutes. -- Setting up your wallet There is a number of wallets available that support Nano but we recommend: IOS: Natrium or Canoe Android: Natrium or Canoe Web: Nanowallet.io PC/Mac/Linux: Canoe Remember to carefully store your seed phrase during the wallet signup process. If you lose this seed you may lose access to your Nano. We recommend writing it down in multiple locations for additional peace of mind. -- Withdrawing your Nano from the Tip-bot Now that you have your wallet set-up, you need to copy your wallet address and PM @NanoTipBot on twitter with following command :
!withdraw [your address]
Check out this youtube video more details : https://www.youtube.com/watch?v=YZPtiXWeMH0 NanoTipBot website: https://nanotipbot.com/ -- What to do with your Nano Once you have your Nano in your own wallet, it's up to you what you want to do with it. Like any currency, you can save it, spend it or sell it: ---- > Holding Nano If you think NANO has awesome technology and might be more valuable in future, you can hold NANO in your wallet. ---- > Spending Nano Like any currency, Nano is meant to be spent! and with zero fees & instantaneous transactions there is no better method to buy the products / services you love. Currently there are a number of things you can purchase with Nano, including: Games, gift-cards, in-game currency, gambling, takeaway food and even pay in-store in certain locations. List of stores accepting Nano Alternatively you can signup for Wirex and within 3-5 days receive a Visa debit card capable of spending Nano at any of millions of physical locations or online stores worldwide in which Visa is accepted. ---- > Selling Nano You may wish to sell your Nano for your local currency (USD/EUGBP etc.) or exchange it for another cryptocurrency such as Bitcoin. This is easy to do and should only take an hour even for someone new to Nano. To sell your Nano for a local / fiat currency, there are a number of services you can use, such as the following: Sell to USD: Wirex, Coingate Sell to EUR:Wirex, CoinFalcon, Bitvavo, Coingate Sell to GBP:Wirex, LBX Other: Wirex (AUD, HKD, JPY) To sell your Nano in exchange for a cryptocurrency such as Bitcoin or Ethereum, we recommend the following: BTC: Binance, Kucoin ETH: Binance, Kucoin USDT: Binance Nollar: Txbit Full list of exchanges -- More information / Need help? For more information and/or help on moving/using/selling Nano, you can turn to the helpful folks on the official subreddit, nanocurrency or the official Nano Discord. --- --- --- What is Nano worth? At the time of posting, 1 Nano = $1.80 USD but you can check the current price here as it will fluctuate over time. --- --- --- What is Nano? Nano is a digital currency for the real world - the fast and free way to pay for everything in life. It features instant transactions, zero fees and is infinitely scalable. Gone are the days of complicated and energy-inefficient transactions - Nano is green and easy to use.
Hi ricco99, you're not shadowbanned, but 13 of your most recent 94 comments/submissions were removed. They may be removed automatically by spam filters and not necessarily by human moderators. Submission in Jokes, "A blind ask a deaf....", 0pts (07 Jul 18) Comment in CryptoCurrency, "Getting 10k into Crypto", 1pts (27 Jan 18):
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