3 Ways to Mine Bitcoin - wikiHow

QuarkCoin Cryptocurrency

Quark is a decentralized digital monetary system. It facilitates sending Quarks to Friends, Family Members Online Payments free of charges and charge-backs. Military Grade Encryption. No Bank or Government Control. Quark coins are based on the original idea of Bitcoin but improved, more secure, faster transaction times and zero fees. With improvements to design and security. There is also a greater coin supply with higher block rewards for miners. Quark is fully Open Source.
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Aeon

Aeon (AEON) is a private, secure, untraceable currency. You are your bank, you control your funds, and nobody can trace your transfers.
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Ethereum Classic

Ethereum Classic is an open, decentralized, and permissionless public blockchain, that aims to fulfill the original promise of Ethereum, as a platform where smart contracts are free from third-party interference. ETC prioritizes trust-minimization, network security, and integrity. All network upgrades are non-contentious with the aim to fix critical issues or to add value with newly proposed features; never to create new tokens, or to bail out flawed smart contracts and their interest groups.
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Why i’m bullish on Zilliqa (long read)

Edit: TL;DR added in the comments
 
Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analyzed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk-reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralized and scalable in my opinion.
 
Below I post my analysis of why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise, just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction
 
The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since the end of January 2019 with daily transaction rates growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralized and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. The maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realized early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralized, secure, and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in the amount of nodes. More nodes = higher transaction throughput and increased decentralization. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue dissecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour, no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts, etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as: “A peer-to-peer, append-only datastore that uses consensus to synchronize cryptographically-secure data”.
 
Next, he states that: "blockchains are fundamentally systems for managing valid state transitions”. For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber, and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa, this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network, etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever-changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralized and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimization on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and the University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (66%) double-spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT, etc. Another thing we haven’t looked at yet is the amount of decentralization.
 
Decentralisation
 
Currently, there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so-called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralized nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics, you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching its transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end-users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public. They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public-facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers. The 5% block rewards with an annual yield of 10.03% translate to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non-custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS; shard nodes and seed nodes becoming more decentralized too, Zilliqa qualifies for the label of decentralized in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. The faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time-stamped so you’ll start right away with a platform introduction, roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalized: programming languages can be divided into being ‘object-oriented’ or ‘functional’. Here is an ELI5 given by software development academy: * “all programs have two basic components, data – what the program knows – and behavior – what the program can do with that data. So object-oriented programming states that combining data and related behaviors in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behavior are different things and should be separated to ensure their clarity.” *
 
Scilla is on the functional side and shares similarities with OCaml: OCaml is a general-purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognized by academics and won a so-called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise, it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts, it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa or Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue: In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships
 
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organizations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggests that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already take advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, Airbnb, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are built on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human-readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They don't just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data, it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community-run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non-custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiative (correct me if I’m wrong though). This suggests in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real-time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding of what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures, Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
submitted by haveyouheardaboutit to CryptoCurrency [link] [comments]

The Unofficial Cardano FAQ - V3

(if you would like to add information or see mistakes, just comment below and I will credit you)
What is Cardano? Cardano is an open source and permissionless "Third Generation" blockchain project being developed by IOHK. Development and research started in 2015, with the 1.0 mainnet launching in 2017. Cardano blockchain is currently being developed into two layers. The first one is the ledger of account values, and the second one is the reason why values are transferred from one account to the other.
  1. Cardano Settlement Layer (CSL) - The CSL acts as the ledger of account or balance ledger. This is an idea created as an improvement of bitcoin blockchain. It uses a proof-of-stake consensus algorithm known as Ouroboros to generate new blocks and confirm transactions.
  2. Cardano Computation Layer (CCL) - The CCL contains the data how values are transferred. Since the computation layer is not connected to balance ledger, users of the CCL can create customized rules (smart contracts) when evaluating transactions. (https://support.bitkub.com/hc/en-us/articles/360006678892-What-are-the-two-layers-of-Cardano-)
IOHK has the contract with an undisclosed party to develop the project until the end of 2020, at which point the community may elect another development team - on the assumption that the voting infrastructure has been completed. However CEO Charles Hoskinson has stated that they will develop the project until it is completed, and they are simply financed until the end of 2020.
Cardano was the first project built on a peer-reviewed scientific development method, resulting in dozens of research papers produced by IOHK. Among these papers is Ouroboros Genesis, proving that a Proof of Stake protocol can be just as secure as Proof of Work - which was originally developed for Bitcoin, and refined for Ethereum. This PoS protocol considerably lowers the resources cost to maintain network while still maintaining security and network speed.
Cardano as a financial infrastructure is not yet completed, With significant development to be rolled out.
What were the other two generations of blockchain? Gen 1 was Bitcoin. It exists by itself and talks to nobody but Bitcoin. It is capable of peer to peer transactions without a third party in such a way that you cannot cheat the system. This was a major step forward for the E-cash concept that people have been working on for the 20 years prior.
Gen 2 was Ethereum and other smart-contract platforms that allow other coins and platforms to be built on top of their infrastructure. These coins can interact with others on the platform, but cannot interact with other platforms. Meaning it is still not truly interoperable. Most Gen 2 blockchains are also using Proof of Work likes Bitcoin, which effects scaling. Also missing is a built-in method to pay for upgrades and voting mechanics for decision making.
Gen 3 blockchains are a complete package designed to replace the current financial infrastructure of the world. Cardano is using Proof of Stake to ensure security and decentralisation(Shelley). Scaling through parallel computation (Hydra in Basho), Sidechains to allow the platform to interact with other platforms (Basho), and also include mechanisms for voting for project funding, changes to the protocol and improvement proposals (Voltaire). Finally smart contracts platform for new and established projects that are developer friendly (Goguen).
Who is the team behind Cardano? There are three organisations that are contributing to the development of Cardano. The first is the Cardano Foundation, an objective, non-profit organisation based in Switzerland. Its core responsibilities are to nurture, grow and educate Cardano users and commercial communities, to engage with authorities on regulatory and commercial matters and to act as a blockchain and cryptocurrency standards body. The second entity is IOHK, a leading cryptocurrency research and development company, which holds the contract to develop the platform until 2020. The final business partner is Emurgo, which invests in start-ups and assists commercial ventures to build on the Cardano blockchain.
www.Cardano.org www.emurgo.io https://cardanofoundation.org/en/
What is the difference between Proof of Work and Proof of stake? Both these protocols are known as “consensus protocols” that confirm whether a transaction is valid or invalid without a middleman like Visa or your bank. Every node (active and updated copy of the blockchain) can agree that the transaction did take place legitimately. If more than half validators agree, then the ledger is updated and the transaction is now secured. Proof-of-Work (PoW) happens when a miner is elected to solve an exceptionally difficult math problem and gets credit for adding a verified block to the blockchain. Finding a solution is an arduous guessing game that takes a considerable amount of computing power to compete for the correct answer. It is like “pick a number between 1 and one trillion” and when you get it right, you get $30,000 in Bitcoin, so the more computers you have working on it, the faster you can solve it. Also the more people who are trying to solve the same block, the harder the algorithm, so it may become 1 in 20 trillion. The downside is the massive amounts of power required to run the computers that run the network, and the slow pace that blocks are solved. To “Hack” a PoW system, you need 51% of the computing power, which would allow you to deny transactions, or spend the same coin twice. At the moment there are 8 main mining operations for bitcoin, and 4 of them make up more that 51% of the mining power.
PoS instead selects a coin at random that already exists, and the person who owns that coin is elected to put the work in to validate the block. This means there is no contest and no guessing game. Some computer power is required, but only a fraction of a PoW system. The complex nature of selecting a coin that exists on the correct and longest chain and is owned by someone who can complete the block, AND in such a way that it is secure AND that computer currently running AND that person also having an incentive to complete the work, has made the development of PoS very slow. However only a few years ago it wasn’t even possible. In this method, the more of the coin (ADA) you stake, the more likely you are to be selected to close a block. Cardano also allows you to delegate your stake to someone else to validate the block so they do the work, and you share in the reward for doing so.
To “hack” a PoS blockchain you need to own 51% of the tokens, which is significantly harder than owning 51% of the computing power.
What is ADA and how is it different to Cardano? Cardano is the name of the network infrastructure, and can be thought of like a rail network. ADA is the native token that has been developed alongside Cardano to facilitate the network operation. This helps confusion and maintains distinction, compared to Ethereum being the native token of Ethereum. Similar to bitcoin or any other token, ADA can be sent peer to peer as payment, but is also the reward for running the network, and what is taken as transaction fees.
In this metaphor “Cardano” is the train tracks, that everything runs on. A stake pool would be the locomotive, facilitating transactions on the network while ADA is the coal that powers the locomotive. The train carriages are Decentralised applications (Dapps) that are also running on cardano tracks, but are not actively powering the network.
What is staking Cardano is a Proof of Stake protocol, and uses already existing coins like a marker to ensure security. The protocol chooses a coin at random and the owner of that coin is elected to validate a block of transactions. Staking is the process of adding your ADA coins to a Pool that has the resources to run the network. If the pool you have chosen to "delegate" your stake to is chosen to close/validate a block, then you get a portion of the rewards. The ADA never leaves your wallet, and you can "undelegate" whenever you like. this increases stability of the network and also gives an incentive to pool operators to invest the time and hardware required to run a pool.
What is a stake-pool and how does it work? Cardano.org FAQ on the issue goes into much more detail
A stake pool is where the computing power of the network takes place. During ITN there was 1200 registered stake pools while 300 were creating blocks. You can manage your own stake-pool or delegate your ADA to an already registered pool. Rewards are determined by the protocol, however the pool may elect to charge fee Percentages, or flat rate fee to upkeep their pool.
Can I Stake my ADA right now? The staking testnet has closed, If you participated in the Incentivised Test Net and earned rewards, instructions to check the balance are here.
However if you have just purchased some or it was held on an exchange, then you will need to wait until the Shelley mainnet launch happening at the end of July 2020.
Where do I stake my ADA? Daedalus Flight wallet, and Yoroi Wallet (as a chrome extension) are the current best options. Adalite and several other third-party wallets also exist. Coinbase will also allow staking as a custodial service, and many exchanges may offer “staking as a service” so you can leave your coins on the exchange and still earn rewards if you enjoy trading. I do not recommend leaving coins on an exchange unless you are actively trading.
What are the staking rewards now and what can I expect on a return in the future? The Incentivised Test Net (ITN) Delivered 10%-15%pa returns on average. The future of staking will most likely be lower, but will depend on the amount of ADA staked across the network and the amount of network traffic.
Check https://staking.cardano.org/en/calculato for a clearer picture.
what is a Pledge? To stop one person operating many pools, the rewards that a pool earns will vary depending on the amount of personal ADA they “pledge” to open the pool. This means that 50 pools with a 1,00ADA pledge each will be overall less profitable than 1-2 pool with the max ADA pledge (unknown but likely around 300k). Even if the 50 pools have the same over stake delegated by other users and have a better chance of being selected to close a block, the 50 pools may receive lower rewards.. (at least that is the theory)
Who is IOHK? IOHK is a for-profit software engineering company founded by CEO Charles Hoskinson and Jeremy Wood in 2015 that has taken a scientific approach to the development of blockchain. IOHK started with “first principles” and looked at questions like “what is a blockchain” and “what should a blockchain be able to do” rather than accepting the established paradigm of Bitcoin and Ethereum. IOHK was originally Input Output Hong Kong, but is now Input Output Global and is based in Wyoming USA employing over 230 staff. IOHK has established research labs in several universities in order to complete the Cardano project, and is also developing Ethereum Classic, Atala, Mantis and possibly other Blockchain related programs and infrastructure.
Who is Charles? Charles Hoskinson is an early adopter of cryptocurrencies, American entrepreneur and cryptocurrency specialist. Charles Co-founded Ethereum with Vitalik Buterin and 5-8 others, However he only worked on that project for approximately six-months. Charles is now the CEO of IOHK and the director of The Bitcoin Education Project.
Why isn’t ADA on coinbase? Cardano and coinbase have recently connected in a big way. With IOHK turning over all their ADA to the custodial services of Coinbase. This means that Cardano and Coinbase have been working together for some time and there is a strong partnership forming. Staking and cold storage will be available and trading on Coinbase will most likely become available after the release of Shelley (although no official word yet)
Why Doesn’t Cardano have a Wikipedia Page? Wikipedia has strict guidelines on what can be turned into an article. As there has been no coverage of Cardano from mainstream media or “noteworthy” sources, there is no article yet. Wikipedia will also not accept sources from IOHK as they are not considered “reliable” and must come from a third party. This will most likely change soon.
Cardano does have a dedicated community driven wiki
https://cardanowiki.info/wiki/Home
What is Atala and why do I care?*
Atala is a suite of services being developed on top of the cardano blockchain by IOHK that focusses on credential certification, for things like education, work history and degrees (Atala Prism). Product counterfeiting protection through registering products on a blockchain and create taper-proof provenance. This does not only apply to Gucci handbags, but also medication, art, and anything that can be counterfeited (Atala Scan). As well as supply chain tracking to see issues and inefficiencies with greater transparency(Atala Trace).
Im new, how much is a good investment?
Cardano is still a speculative market and although there is amazing potential here, it is still only potential. When investing in any High risk market like Crypto, only every invest what you are willing to lose. Cardano may be testing the 10c barrier now. But in March it dumped to 1.7c. And if you suddenly need your money back during the dump then you are out of luck. Do your research before you FOMO in. Start with a small amount and send it between wallets and exchanges to understand how the system works. Store your private keys offline (or online cloud service but encrypted) with a method that is unlikely to be damaged AND have multiple copies. So in the case of a house fire or a blow to the head, or the cloud service being shutdown/destroyed, you do not lose your money.
Timelines
https://roadmap.cardano.org/en/
Shelley Decentralisation rollout and news
Goguen smart contract rollout
Voltaire Voting mechanics – no official roll out timeline (though promised for 2020)
Basho scaling and sidechains – no official roll out time line (most likely 2021)
submitted by YourBestMateRobbo to cardano [link] [comments]

Cardano FAQ - V2

Cardano FAQ
What is Cardano? Cardano is an open source highly secure "Third Generation" blockchain project being developed by IOHK. Development and research started in 2015, with the 1.0 mainnet launching in 2017. Cardano blockchain is currently being developed into two layers. The first one is the ledger of account values, and the second one is the reason why values are transferred from one account to the other.
  1. Cardano Settlement Layer (CSL) - The CSL acts as the ledger of account or balance ledger. This is an idea created as an improvement of bitcoin blockchain. It uses a proof-of-stake consensus algorithm to generate new blocks and confirm transactions.
  2. Cardano Computation Layer (CCL) - The CCL contains the data how values are transferred. Since the computation layer is not connected to balance ledger, users of the CCL can create customized rules when evaluating transactions. (https://support.bitkub.com/hc/en-us/articles/360006678892-What-are-the-two-layers-of-Cardano-)
IOHK has the contract with an undisclosed party to develop the project until the end of 2020, at which point the community may elect another - on the assumption that the voting infrastructure has been completed. However CEO Charles Hoskinson has stated that they will develop the project until it is completed, and they are simply financed until the end of 2020.
Cardano was the first project built on a peer-reviewed scientific development method, resulting in dozens of research papers produced by IOHK. Among these papers is Ouroboros Genesis, proving that a Proof of Stake protocol can be just as secure as Proof of Work, which was originally developed for Bitcoin, and refined for Ethereum. This PoS protocol considerably lowers the resources cost to maintain network while still maintaining security and network speed.
Cardano as a financial infrastructure is not yet completed, With significant development to be rolled out.
What were the other two generations of blockchain? Gen 1 was Bitcoin. It exists by itself and talks to nobody but bitcoin. It is capable of peer to peer transactions without a third party in such a way that you cannot cheat the system. this was a major step forward for the E-cash concept.
Gen 2 was Ethereum and other smart-contract platforms that allow other coins to be built on top of their infrastructure. These coins can interact with others on the platform, but cannot interact with other platforms like Stella, Bitcoin, cardano - and so on. Also most Gen 2 blockchains are also using Proof of Work likes Bitcoin, which effects scaling.
Gen 3 blockchains are using Proof of Stake to ensure scaling, Sidechains to allow the platform to interact with other platforms, like ethereum and bitcoin, and also include smart contracts that are developer friendly.
Who is the team behind Cardano? There are three organisations that are contributing to the development of Cardano. The first is the Cardano Foundation, an objective, non-profit organisation based in Switzerland. Its core responsibilities are to nurture, grow and educate Cardano users and commercial communities, to engage with authorities on regulatory and commercial matters and to act as a blockchain and cryptocurrency standards body. The second entity working on Cardano is IOHK, a leading cryptocurrency research and development company, which holds the contract to develop the platform until 2020. The final business partner is Emurgo, which invests in start-ups and assists commercial ventures to build on the Cardano blockchain. (from https://www.cardano.org/en/help-support/)
What is the difference between PoS and PoW? Both these protocols are known as “consensus protocols” that confirm whether a transaction is valid or invalid without a middleman like Visa or your bank. Every node (active and updated copy of the blockchain) can agree that the transaction did take place legitimately. If more than half the network agrees, then the transaction is validated. Proof-of-Work (PoW) happens when a miner solves an exceptionally difficult math problem and gets credit for adding a verified block to the blockchain. Finding a solution is an arduous guessing game that takes a considerable amount of computing power to compete for the correct answer. It is like “pick a number between 1 and one trillion” and when you get it right, you get $30,000 in Bitcoin, so the more computers you have working on it, the faster you can solve it. Also the more people who are trying to solve the same block, the harder the algorithm, so it may become 1 in 20 trillion. The downside is the massive amounts of power required to run the computers that run the network, and the slow pace that blocks are solved. To “Hack” a PoW system, you need 51% of the computing power, which would allow you to deny transactions, or spend the same coin twice.
PoS instead selects a coin at random that already exists, and the person who owns that coin is elected to put the work in to validate the block. This means there is no contest and no guessing game. Some computer power is required, but only a fraction of a PoW system. The complex nature of selecting a coin that exists on the correct and longest chain and is owned by someone who can complete the block, AND in such a way that it is secure AND that computer currently running AND that person also having an incentive to complete the work, has made the development of PoS very slow. However only a few years ago it wasn’t even possible. In this method, the more of the coin (ADA) you stake, the more likely you are to be selected to close a block. Cardano also allows you to delegate your stake to someone else to validate the block so they do the work, and you share in the reward for doing so.
To “hack” a PoS blockchain you need to own 51% of the tokens, which is significantly harder than owning 51% of the computing power.
What is ADA and how is it different to Cardano? Cardano is the name of the network infrastructure, and can be thought of like a rail network. ADA is the native token that has been developed alongside Cardano to facilitate the network operation. This helps confusion and maintains distinction, compared to Ethereum being the native token of Ethereum. Similar to bitcoin or any other token, ADA can be sent peer to peer as payment, but is also the reward for running the network, and what is taken as transaction fees.
In this metaphor “Cardano” is the train tracks, that everything runs on. A stake pool would be the locomotive, facilitating transactions on the network while ADA is the coal that powers the locomotive. The train carriages are Decentralised applications (Dapps) that are also running on cardano tracks, but are not actively powering the network.
What is staking Cardano is a Proof of Stake protocol, and uses already existing coins like a marker to ensure security. The protocol chooses a coin at random and the owner of that coin is elected to validate a block of transactions. Staking is the process of adding your ADA coins to a Pool that has the resources to run the network. If the pool you have chosen to "delegate" your stake to is chosen to close/validate a block, then you get a portion of the rewards. The ADA never leaves your wallet, and you can "undelegate" whenever you like. this increases stability of the network and also gives an incentive to pool operators to invest the time and hardware required to run a pool.
What is a stake-pool and how does it work? A stake pool is where the computing power of the network takes place. Currently there are 1200 registered stake pools while 300 are creating blocks. You can manage your own stake-pool or delegate your ADA to an already registered pool. Rewards are determined by the protocol, however the pool may elect to charge fee Percentages, or flat rate fee to upkeep their pool.
Can I Stake my ADA right now? If you had ADA in a Yoroi or Daedalus wallet before November 2019 then yes, you can stake. However if you have just purchased some or it was held on an exchange, then you will need to wait until August 18 (hopefully) for pools to start creating blocks, and first staking rewards will be 5 days later.
Where do I stake my ADA? Daedalus Flight wallet - Or Daedalus ITN, and Yoroi Wallet (as a chrome extension) are the current best options.
What are the staking rewards now and what can I expect on a return in the future? At the moment the Incentivised Test Net (ITN) is delivering 10%-15%pa returns on average. The future of staking will most likely be lower, but will depend on the amount of ADA staked across the network and the amount of network traffic. However it should not be completely dissimilar from the ITN, with most speculating 6%-10%pa compounding weekly….at this point there is no solid answer
what is a Pledge? To stop one person operating many pools, the rewards that a pool earns will vary depending on the amount of personal ADA they “pledge” to open the pool. This means that 100 pools with a 10,00ADA pledge will be overall less profitable than 1 pool with 1,000,000 ADA pledge. (at least that is the theory)
Who is IOHK? IOHK is a for-profit software engineering company founded by CEO Charles Hoskinson and Jeremy Wood in 2015 that has taken a scientific approach to the development of blockchain. IOHK started with “first principles” and looked at questions like “what is a blockchain” and “what should a blockchain be able to do” rather than accepting the established paradigm of Bitcoin and Ethereum. IOHK was originally Input Output Hong Kong, but is now Input Output Global and is based in Wyoming USA employing over 230 staff. IOHK has established research labs in several universities in order to complete the Cardano project, and is also developing Ethereum Classic, Atilia, Mantis and possibly other Blockchain related programs and infrastructure.
Who is Charles? Charles Hoskinson is an American entrepreneur and cryptocurrency specialist. Charles is often cited in the media as the Co-founder of Ethereum, but only worked on that project for approximately six-months. Charles is now the CEO of IOHK and the director of The Bitcoin Education Project.
Why isn’t ADA on coinbase? There is no official word specifically as to why Cardano is not on Coinbase, However there prevailing theory is that Coinbase requires the coins to be decentralised. and as Cardano is still being developed, it will not be added Shelley is released, or possibly never, it is totally up to coinbase. However Charles did mention in an AMA that IOG has been working with many exchanges for the Shelley rollout.
Why Doesn’t Cardano have a Wikipedia Page? Wikipedia has strict guidelines on what can be turned into an article. As there has been no coverage of Cardano from mainstream media or “noteworthy” sources, there is no article yet. Wikipedia will also not accept sources from IOHK as they are not considered “reliable” and must come from a third party. This will most likely change soon.
Cardano does have a dedicated community driven wiki
https://cardanowiki.info/wiki/Home
submitted by YourBestMateRobbo to cardano [link] [comments]

Introducing the TulipMint, the most efficient miner in the world.

Introducing the TulipMint, the most efficient miner in the world. submitted by viners to btc [link] [comments]

The Blackmail Email Scam (part 5)

IF YOU RECEIVE A BLACKMAIL EMAIL, PLEASE REDACT THE PERSONAL INFORMATION AND POST IT AS A COMMENT ON THIS THREAD SO THAT OTHERS WHO RECEIVE THE SAME EMAIL CAN FIND IT THROUGH GOOGLE.

BLACKMAIL EMAIL SCAMS ARE ALSO SENT VIA SMS (TEXT) AND PHYSICAL MAIL. REGARDLESS OF THE METHOD, THEY ARE SPAM AND THE POST BELOW GIVES YOU INFORMATION AND ADVICE ABOUT WHAT TO DO.

FIRST THREAD: https://reddit.com/Scams/comments/8gsjba/the_blackmail_email_scam/

SECOND THREAD: https://reddit.com/Scams/comments/9srjen/the_blackmail_email_scam_part_2/

THIRD THREAD: https://reddit.com/Scams/comments/biv65o/the_blackmail_email_scam_part_3/

FOURTH THREAD: https://reddit.com/Scams/comments/dohaea/the_blackmail_email_scam_part_4/

There have been many recent posts about the blackmail email scam, so I have written this post and will keep it stickied until the posts about the scam die down. Blackmail email scams have that name because they started as an email spam campaign, however there have also been reports of these scams being sent via SMS and physical mail. If you are reading this because you have received one of these emails and you are worried, you can stop worrying. The blackmail email scam is a spam campaign that is sent out to thousands of addresses at a time. The threats are lies and you do not have anything to worry about. In many cases, the emails will contain some sort of privileged information about you such as your name, part or all of your phone number, and your password. The emails may also look like they were sent from your own email address. The data is gathered from data breaches, and if the email looks like it came from your account that is due to email spoofing. You can use the service Have I Been Pwned? to see if you are in any publicly known data breaches. If you receive an email that contains a password that you currently use, you should immediately change that. Current recommended password guidelines say that you should use a different, complex password for every account. You can generate and save passwords using a password manager for convenience. You should also be using two factor authentication using an app like Google Authenticator instead of receiving codes through SMS.
Here are some news articles about this scam. Here is a story from Brian Krebs, and here is a story from the New York Times.
Below are a few examples, but if you receive an email that is similar but not the same as the examples you see, that does not matter and does not mean that the email is real. The spammers constantly switch up their templates in order to bypass spam filters, so it's normal to receive an email that hasn't yet been posted online.

EXAMPLES

𝟏 𝐚𝐦𝐨𝐧𝐠 𝐲𝐨𝐮𝐫 𝐩𝐚𝐬𝐬𝐰𝐨𝐫𝐝𝐬.
𝐂𝐞𝐫𝐭𝐚𝐢𝐧𝐥𝐲, 𝐧𝐨𝐭 𝐣𝐮𝐬𝐭 𝐓𝐡𝐚𝐭 𝐰𝐞 𝐡𝐚𝐯𝐞 𝐠𝐨𝐭 𝐲𝐨𝐮𝐫 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐩𝐚𝐬𝐬𝐰𝐨𝐫𝐝𝐬, 𝐲𝐞𝐭 , 𝐟𝐮𝐫𝐭𝐡𝐞𝐫𝐦𝐨𝐫𝐞 𝐲𝐨𝐮𝐫 𝐖𝐡𝐨𝐥𝐞 𝐯𝐢𝐝𝐞𝐨 𝐜𝐥𝐢𝐩 𝐞𝐧𝐠𝐚𝐠𝐢𝐧𝐠 𝐢𝐧 𝐮𝐠𝐥𝐲 𝐦𝐚𝐭𝐭𝐞𝐫𝐬 𝐚𝐬 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐲𝐨𝐮 𝐚𝐜𝐭𝐮𝐚𝐥𝐥𝐲 𝐮𝐬𝐞𝐝 𝐭𝐡𝐚𝐭 𝐚𝐝𝐮𝐥𝐭 𝐦𝐚𝐭𝐞𝐫𝐢𝐚𝐥 𝐬𝐢𝐭𝐞 (𝐲𝐨𝐮'𝐥𝐥 𝐤𝐧𝐨𝐰 𝐰𝐡𝐢𝐜𝐡 𝟏 𝐥𝐨𝐥)
𝐈𝐧 𝐜𝐚𝐬𝐞 𝐭𝐡𝐚𝐭 𝐲𝐨𝐮 𝐭𝐡𝐢𝐧𝐤 𝐈 𝐡𝐚𝐩𝐩𝐞𝐧 𝐭𝐨 𝐛𝐞 𝐛𝐥𝐮𝐟𝐟𝐢𝐧𝐠, 𝐫𝐞𝐩𝐥𝐲 𝐏𝐫𝐨𝐨𝐟 𝐚𝐧𝐝 𝐌𝐨𝐬𝐭 𝐝𝐞𝐟𝐢𝐧𝐢𝐭𝐞𝐥𝐲 𝐢'𝐥𝐥 𝐛𝐞 𝐩𝐚𝐫𝐭𝐢𝐜𝐮𝐥𝐚𝐫𝐥𝐲 𝐝𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐧𝐠 𝐭𝐡𝐚𝐭 𝐰𝐨𝐧𝐝𝐞𝐫𝐟𝐮𝐥 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐯𝐢𝐝𝐞𝐨 𝐭𝐨 𝐭𝐞𝐧 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮𝐫 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐫𝐚𝐧𝐝𝐨𝐦 𝐜𝐨𝐥𝐥𝐞𝐚𝐠𝐮𝐞𝐬 (𝐢𝐧𝐝𝐞𝐞𝐝, 𝐈 𝐚𝐜𝐭𝐮𝐚𝐥𝐥𝐲 𝐚𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥𝐥𝐲 𝐩𝐨𝐬𝐬𝐞𝐬𝐬 𝐜𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐨𝐧 𝐭𝐨𝐰𝐚𝐫𝐝𝐬 𝐲𝐨𝐮𝐫 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐟𝐚𝐜𝐞𝐛𝐨𝐨𝐤 𝐚𝐥𝐨𝐧𝐠 𝐰𝐢𝐭𝐡 𝐩𝐡𝐨𝐧𝐞 𝐜𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐨𝐧𝐬)
𝐈 𝐚𝐜𝐭𝐮𝐚𝐥𝐥𝐲 𝐰𝐢𝐥𝐥 𝐧𝐨𝐭 𝐭𝐡𝐫𝐨𝐰 𝐚𝐰𝐚𝐲 𝐦𝐲 𝐩𝐫𝐞𝐜𝐢𝐨𝐮𝐬 𝐭𝐢𝐦𝐞 𝐢𝐧 𝐭𝐞𝐥𝐥𝐢𝐧𝐠 𝐲𝐨𝐮 𝐞𝐱𝐚𝐜𝐭𝐥𝐲 𝐡𝐨𝐰 𝐈 𝐩𝐨𝐬𝐬𝐞𝐬𝐬 𝐭𝐡𝐢𝐬 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐢𝐧𝐟𝐨 𝐫𝐞𝐠𝐚𝐫𝐝𝐢𝐧𝐠 𝐲𝐨𝐮𝐫𝐬𝐞𝐥𝐟. 𝐂𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐜𝐨𝐦𝐢𝐧𝐠 𝐭𝐨 𝐭𝐡𝐞 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐩𝐨𝐫𝐭𝐢𝐨𝐧.
𝐄𝐱𝐚𝐜𝐭𝐥𝐲 𝐰𝐡𝐚𝐭 𝐜𝐚𝐧 𝐛𝐞 𝐲𝐨𝐮𝐫 𝐩𝐨𝐬𝐬𝐢𝐛𝐥𝐞 𝐜𝐡𝐨𝐢𝐜𝐞𝐬?
𝟏. 𝐀𝐬𝐬𝐮𝐦𝐞 𝐭𝐡𝐢𝐬 𝐢𝐬 𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐚 𝐝𝐨𝐮𝐛𝐭 𝐞𝐦𝐚𝐢𝐥 𝐢𝐬 𝐛𝐥𝐮𝐟𝐟 𝐚𝐧𝐝 𝐭𝐡𝐞𝐧 𝐝𝐞𝐥𝐞𝐭𝐞 𝟐. 𝐀𝐧𝐬𝐰𝐞𝐫 𝐩𝐫𝐨𝐨𝐟
𝐓𝐡𝐚𝐭 𝐰𝐢𝐥𝐥 𝐨𝐮𝐭𝐜𝐨𝐦𝐞 𝐢𝐧 𝐬𝐢𝐦𝐩𝐥𝐲 𝐣𝐮𝐬𝐭 𝐨𝐧𝐞 𝐰𝐚𝐲. 𝐘𝐨𝐮𝐫 𝐨𝐰𝐧 𝐩𝐥𝐚𝐲𝐭𝐢𝐦𝐞 𝐯𝐢𝐝𝐞𝐨 𝐟𝐨𝐨𝐭𝐚𝐠𝐞 𝐛𝐞𝐢𝐧𝐠 𝐛𝐫𝐨𝐚𝐝𝐜𝐚𝐬𝐭𝐞𝐝 𝐭𝐨 𝐲𝐨𝐮𝐫 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐚𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐞𝐬.
𝐓𝐡𝐢𝐧𝐤 𝐚𝐛𝐨𝐮𝐭 𝐡𝐨𝐰 𝐰𝐨𝐮𝐥𝐝 𝐭𝐡𝐚𝐭 𝐰𝐢𝐥𝐥 𝐡𝐚𝐯𝐞 𝐚𝐧 𝐞𝐟𝐟𝐞𝐜𝐭 𝐨𝐧 𝐲𝐨𝐮𝐫 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐜𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐞𝐯𝐞𝐫𝐲𝐛𝐨𝐝𝐲 𝐲𝐨𝐮 𝐫𝐞𝐜𝐨𝐠𝐧𝐢𝐬𝐞?
𝐎𝐧 𝐭𝐡𝐞 𝐨𝐭𝐡𝐞𝐫 𝐡𝐚𝐧𝐝, 𝐭𝐡𝐢𝐬 𝐝𝐨𝐞𝐬 𝐧𝐨𝐭 𝐡𝐚𝐯𝐞 𝐠𝐨𝐭 𝐭𝐨 𝐞𝐧𝐝 𝐮𝐩 𝐛𝐞𝐢𝐧𝐠 𝐭𝐡𝐚𝐭 𝐚𝐩𝐩𝐫𝐨𝐚𝐜𝐡. 𝐈 𝐫𝐞𝐚𝐥𝐥𝐲 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐨𝐟𝐟𝐞𝐫 𝐲𝐨𝐮 𝐭𝐡𝐞 𝐫𝐢𝐠𝐡𝐭 𝟑𝐫𝐝 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧.
𝟑. 𝐏𝐚𝐲 𝐮𝐩 𝐦𝐞 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐥𝐲 $𝟐𝟎𝟎𝟎 𝐭𝐨 𝐦𝐲𝐬𝐞𝐥𝐟 𝐟𝐨𝐫 𝐲𝐨𝐮 𝐭𝐨 𝐞𝐥𝐢𝐦𝐢𝐧𝐚𝐭𝐞 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐈 𝐡𝐚𝐯𝐞 𝐠𝐨𝐭 𝐚𝐛𝐨𝐮𝐭 𝐲𝐨𝐮. 𝐘𝐨𝐮 𝐜𝐚𝐧 𝐞𝐚𝐬𝐢𝐥𝐲 𝐠𝐨 𝐭𝐨 𝐬𝐥𝐞𝐞𝐩 𝐡𝐚𝐩𝐩𝐲 𝐚𝐧𝐝 𝐰𝐚𝐤𝐞 𝐮𝐩 𝐤𝐧𝐨𝐰𝐢𝐧𝐠 𝐭𝐡𝐚𝐭 𝐧𝐨𝐭𝐡𝐢𝐧𝐠 𝐢𝐬 𝐠𝐨𝐢𝐧𝐠 𝐭𝐨 𝐡𝐚𝐩𝐩𝐞𝐧 𝐭𝐨 𝐲𝐨𝐮.
𝐘𝐨𝐮 𝐰𝐢𝐥𝐥 𝐝𝐞𝐟𝐢𝐧𝐢𝐭𝐞𝐥𝐲 𝐩𝐫𝐨𝐜𝐞𝐞𝐝 𝐥𝐢𝐯𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐩𝐫𝐢𝐦𝐚𝐫𝐲 𝐧𝐨𝐫𝐦𝐚𝐥 𝐚𝐧𝐝 𝐝𝐞𝐥𝐢𝐠𝐡𝐭𝐞𝐝 𝐥𝐢𝐟𝐞!
𝐃𝐨𝐞𝐬 𝐭𝐡𝐚𝐭 𝐚𝐩𝐩𝐞𝐚𝐫 𝐥𝐢𝐤𝐞 𝐚 𝐠𝐨𝐨𝐝 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧? (𝐎𝐤𝐚𝐲, 𝐈 𝐩𝐫𝐚𝐲 𝐢𝐭 𝐰𝐢𝐥𝐥 𝐦𝐚𝐢𝐧𝐥𝐲 𝐛𝐞𝐜𝐚𝐮𝐬𝐞 𝐞𝐯𝐞𝐫𝐲 𝐦𝐚𝐧 𝐨𝐫 𝐰𝐨𝐦𝐚𝐧 𝐰𝐢𝐭𝐡 𝐩𝐨𝐬𝐬𝐢𝐛𝐥𝐲 𝐯𝐞𝐫𝐲 𝐬𝐦𝐚𝐥𝐥 𝐛𝐢𝐭 𝐨𝐟 𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐬𝐞𝐧𝐬𝐞𝐬 𝐰𝐨𝐮𝐥𝐝 𝐝𝐞𝐟𝐢𝐧𝐢𝐭𝐞𝐥𝐲 𝐭𝐚𝐤𝐞 𝐭𝐡𝐢𝐬 𝐨𝐟𝐟𝐞𝐫)
𝐄𝐚𝐬𝐢𝐞𝐬𝐭 𝐰𝐚𝐲 𝐰𝐢𝐥𝐥 𝐲𝐨𝐮 𝐦𝐚𝐤𝐞 𝐭𝐡𝐞 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧? 𝐔𝐬𝐢𝐧𝐠 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐭𝐨 𝐭𝐡𝐞 𝐞𝐱𝐚𝐜𝐭 𝐛𝐞𝐥𝐨𝐰 𝐚𝐝𝐝𝐫𝐞𝐬𝐬 (𝐈𝐟 𝐩𝐞𝐫𝐡𝐚𝐩𝐬 𝐲𝐨𝐮 𝐫𝐞𝐚𝐥𝐥𝐲 𝐝𝐨𝐧'𝐭 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝 𝐚𝐛𝐨𝐮𝐭 𝐁𝐢𝐭𝐜𝐨𝐢𝐧, 𝐠𝐨𝐨𝐠𝐥𝐞 𝐡𝐨𝐰 𝐭𝐨 𝐚𝐜𝐪𝐮𝐢𝐫𝐞 𝐛𝐢𝐭𝐜𝐨𝐢𝐧. 𝐃𝐨 𝐍𝐨𝐭 𝐰𝐚𝐬𝐭𝐞 𝐦𝐲 𝐭𝐢𝐦𝐞!)
bc1**qln9k40hppzmnq6tarzrgzchnx4dl06u708wkke 𝐂𝐀𝐒𝐄 𝐬𝐞𝐧𝐬𝐢𝐭𝐢𝐯𝐞𝐒𝐨 𝐜𝐨𝐩𝐲 𝐚𝐧𝐝 𝐩𝐚𝐬𝐭𝐞 , 𝐚𝐧𝐝 𝐭𝐚𝐤𝐞 𝐨𝐟𝐟 ** 𝐟𝐫𝐨𝐦 𝐢𝐭
𝐍𝐨𝐰 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐠𝐨𝐭 𝟐𝟒 𝐡𝐨𝐮𝐫𝐬 𝐭𝐨 𝐦𝐚𝐤𝐞 𝐭𝐡𝐞 𝐩𝐚𝐲𝐦𝐞𝐧𝐭. 𝐘𝐨𝐮𝐫 𝐭𝐢𝐦𝐞 𝐛𝐞𝐠𝐢𝐧𝐬 𝐧𝐨𝐰 (𝐈 𝐢𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐞𝐝 𝐚 𝐩𝐫𝐨𝐠𝐫𝐚𝐦 𝐜𝐨𝐝𝐞 𝐢𝐧𝐬𝐢𝐝𝐞 𝐭𝐡𝐢𝐬 𝐞𝐦𝐚𝐢𝐥 𝐭𝐡𝐮𝐬 𝐚𝐬 𝐬𝐨𝐨𝐧 𝐲𝐨𝐮 𝐠𝐨 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐭𝐡𝐢𝐬 𝐞 𝐦𝐚𝐢𝐥, 𝐈 𝐰𝐢𝐥𝐥 𝐜𝐞𝐫𝐭𝐚𝐢𝐧𝐥𝐲 𝐟𝐢𝐧𝐝 𝐨𝐮𝐭 𝐢𝐭)
𝐀𝐧𝐝 𝐚𝐥𝐬𝐨 𝐢𝐟 𝐈 𝐝𝐨 𝐧𝐨𝐭 𝐠𝐞𝐭 𝐭𝐡𝐞 𝐜𝐨𝐦𝐩𝐞𝐧𝐬𝐚𝐭𝐢𝐨𝐧, 𝐜𝐞𝐫𝐭𝐚𝐢𝐧𝐥𝐲, 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐯𝐞𝐫𝐲 𝐰𝐞𝐥𝐥 𝐢𝐧𝐟𝐨𝐫𝐦𝐞𝐝 𝐨𝐟 𝐭𝐡𝐞 𝐩𝐚𝐫𝐭𝐢𝐜𝐮𝐥𝐚𝐫 𝐜𝐨𝐧𝐜𝐞𝐪𝐮𝐞𝐧𝐜𝐞𝐬.
I do see u are so fond of tickling your knob and thus u read this msg! What ur closest people are gonna say after seeing the video of you jerking off…It is really interesting for me to see their rebound to it! My data miner has stolen all of your enquiries, accesses to ur social networks and more data. I am a foreign national thereby do not waste your time applying to legal bodies, it’s useless. You destinate 0.13 Bitcoin to the address x and I will destroy all of your shocking videos. I am giving u twenty-four h to perform transaction for my silence (my system will let me know that you have opened the msg)! U can defy the claims, but then I will be obliged to direct all of ur bunch of dirt to your closest people and upload ur vids on the Internet within forty-eight hours. The mail is interim, soon the access to it will be denied, don’t write to it.
Leτs geτ rιghτ το ρurροse. Ι dο κηοw ______ ιs yοur ραssρhrαse. Nοbοdy hαs cοmρeηsατed me το checκ yοu. Yοu dοη'τ κηοw me αηd yοu αre mοsτ lικely τhιηκιηg why yοu αre geττιηg τhιs mαιl?
Ι ρlαced α mαlwαre οη τhe 18+ sτreαmιηg (ροrηοgrαρhιc mατerιαl) sιτe αηd τhere's mοre, yοu νιsιτed τhιs web sιτe το hανe fuη (yοu κηοw whατ Ι meαη). Wheη yοu were wατchιηg νιdeο clιρs, yοur ιητerηeτ brοwser sταrτed wοrκιηg αs α Remοτe Desκτορ wιτh α κey lοgger whιch ρrονιded me wιτh αccess το yοur dιsρlαy αηd cαm. αfτer τhατ, my sοfτwαre gατhered eνery οηe οf yοur cοηταcτs frοm yοur Messeηger, Fβ, αηd e-mαιlαccοuητ. Afτer τhατ Ι creατed α νιdeο. 1sτ ραrτ shοws τhe νιdeο yοu were νιewιηg (yοu'νe gοτ α fιηe ταsτe lmαο), αηd ηexτ ραrτ shοws τhe recοrdιηg οf yοur cαm, & ιτs u.
Yοu gοτ τwο ροssιbιlιτιes. Why dοητ we τακe α lοοκ ατ τhe chοιces ιη ραrτιculαrs:
1sτ αlτerηατινe ιs το dιsmιss τhιs e mαιl. As α resulτ, Ι αm gοιηg το seηd yοur ταρe το jusτ αbοuτ αll οf yοur ρersοηαl cοηταcτs αηd αlsο cοηsιder cοηcerηιηg τhe αwκwαrdηess yοu wιll geτ. Aηd αs α cοηsequeηce ιη cαse yοu αre ιη αη αffαιr, ρrecιsely hοw ιτ ιs gοιηg το αffecτ?
Number τwο chοιce ιs το gινe me $ 1900. Ι wιll τhιηκ οf ιτ αs α dοηατιοη. Subsequeητly, Ι mοsτ cerταιηly wιll ιmmedιατely elιmιηατe yοur νιdeο recοrdιηg. Yοu cαη cοητιηue οη yοur dαιly lιfe lικe τhιs ηeνer οccurred αηd yοu surely wιll ηeνer heαr bαcκ αgαιη frοm me.
Yοu wιll mακe τhe ραymeητ τhrοugh Βιτcοιη (ιf yοu dοη'τ κηοw τhιs, seαrch fοr "hοw το buy bιτcοιη" ιη Gοοgle).
ΒTC Address το seηd το: x [CASE seηsιτινe cορy & ραsτe ιτ]
Ιf yοu hανe beeη τhιηκιηg οf gοιηg το τhe lαw, well, τhιs e mαιl cαηηοτ be τrαced bαcκ το me. Ι hανe τακeη cαre οf my mονes. Ι αm αlsο ηοτ lοοκιηg το αsκ yοu fοr α huge αmοuητ, Ι jusτ lικe το be ραιd. Yοu hανe οηe dαy ιη οrder το ραy. Ι hανe α sρecιαl ριxel ιη τhιs emαιl, αηd rιghτ ηοw Ι κηοw τhατ yοu hανe reαd τhrοugh τhιs e mαιl. Ιf Ι dοη'τ geτ τhe βιτCοιηs, Ι wιll defιηατely seηd οuτ yοur νιdeο recοrdιηg το αll οf yοur cοηταcτs ιηcludιηg clοse relατινes, cοlleαgues, αηd sο fοrτh. Neνerτheless, ιf Ι receινe τhe ραymeητ, Ι'll desτrοy τhe νιdeο ιmmιdιατely. Ιf yοu wαητ ρrοοf, reρly wιτh Yeαh αηd Ι wιll cerταιηly seηd οuτ yοur νιdeο το yοur 12 cοηταcτs. Ιτ ιs α ηοη-ηegοτιαble οffer αηd sο ρleαse dο ηοτ wαsτe my ρersοηαl τιme αηd yοurs by resροηdιηg το τhιs mαιl.
I know, #######, is your password. You don't know me and you're thinking why you received this e mail, right?
Well, I actually placed a malware on the porn website and guess what, you visited this web site to have fun (you know what I mean). While you were watching the video, your web browser acted as a RDP (Remote Desktop) and a keylogger which provided me access to your display screen and webcam. Right after that, my software gathered all your contacts from your Messenger, Facebook account, and email account.
What exactly did I do?
I made a split-screen video. First part recorded the video you were viewing (split-screen video), and next part recorded your webcam (Yep! It's you doing nasty things!).
What should you do?
Well, I believe, $1900 is a fair price for our little secret. You'll make the payment via Bitcoin to the below address (if you don't know this, search "how to buy bitcoin" in Google).
BTC Address: x (It is cAsE sensitive, so copy and paste it)
Important:
You have 24 hours in order to make the payment. (I have an unique pixel within this email message, and right now I know that you have read this email). If I don't get the payment, I will send your video to all of your contacts including relatives, coworkers, and so forth. Nonetheless, if I do get paid, I will erase the video immidiately. If you want evidence, reply with "Yes!" and I will send your video recording to your 5 friends. This is a non-negotiable offer, so don't waste my time and yours by replying to this email.
Roseann
𝐨𝐧𝐞 𝐚𝐦𝐨𝐧𝐠 𝐲𝐨𝐮𝐫𝐬 𝐩𝐚𝐬𝐬𝐰𝐨𝐫𝐝𝐬.
𝐈𝐧 𝐟𝐚𝐜𝐭, 𝐧𝐨𝐭 𝐣𝐮𝐬𝐭 𝐈 𝐭𝐫𝐮𝐥𝐲 𝐡𝐚𝐯𝐞 𝐲𝐨𝐮𝐫 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐩𝐚𝐬𝐬𝐰𝐨𝐫𝐝𝐬, 𝐭𝐡𝐞𝐧 𝐚𝐠𝐚𝐢𝐧 𝐢𝐧 𝐚𝐝𝐝𝐢𝐭𝐢𝐨𝐧 𝐲𝐨𝐮𝐫 𝐚𝐜𝐭𝐮𝐚𝐥 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐯𝐢𝐝𝐞𝐨 𝐜𝐥𝐢𝐩 𝐮𝐧𝐝𝐞𝐫𝐭𝐚𝐤𝐢𝐧𝐠 𝐧𝐚𝐬𝐭𝐲 𝐦𝐚𝐭𝐭𝐞𝐫𝐬 𝐰𝐡𝐞𝐧 𝐲𝐨𝐮 𝐚𝐜𝐭𝐮𝐚𝐥𝐥𝐲 𝐞𝐧𝐭𝐞𝐫𝐞𝐝 𝐭𝐡𝐚𝐭 𝐩𝐨𝐫𝐧𝐨 𝐢𝐧𝐭𝐞𝐫𝐧𝐞𝐭 𝐬𝐢𝐭𝐞 (𝐲𝐨𝐮'𝐥𝐥 𝐤𝐧𝐨𝐰 𝐰𝐡𝐢𝐜𝐡 𝐨𝐧𝐞 𝐡𝐚)
𝐈𝐧 𝐭𝐡𝐞 𝐞𝐯𝐞𝐧𝐭 𝐭𝐡𝐚𝐭 𝐲𝐨𝐮𝐫𝐬𝐞𝐥𝐟 𝐚𝐬𝐬𝐮𝐦𝐞 𝐈'𝐦 𝐣𝐮𝐬𝐭 𝐛𝐥𝐮𝐟𝐟𝐢𝐧𝐠, 𝐫𝐞𝐬𝐩𝐨𝐧𝐝 𝐏𝐫𝐨𝐨𝐟 𝐭𝐡𝐞𝐧 𝐈 𝐰𝐢𝐥𝐥 𝐩𝐨𝐬𝐬𝐢𝐛𝐥𝐲 𝐛𝐞 𝐬𝐞𝐧𝐝𝐢𝐧𝐠 𝐭𝐡𝐚𝐭 𝐜𝐡𝐚𝐫𝐦𝐢𝐧𝐠 𝐯𝐢𝐝𝐞𝐨 𝐭𝐨𝐰𝐚𝐫𝐝𝐬 𝐧𝐢𝐧𝐞 𝐨𝐟 𝐲𝐨𝐮𝐫 𝐦𝐚𝐢𝐧 𝐫𝐚𝐧𝐝𝐨𝐦𝐥𝐲 𝐬𝐞𝐥𝐞𝐜𝐭𝐞𝐝 𝐛𝐮𝐝𝐝𝐢𝐞𝐬 (𝐜𝐞𝐫𝐭𝐚𝐢𝐧𝐥𝐲, 𝐈 𝐚𝐜𝐭𝐮𝐚𝐥𝐥𝐲 𝐚𝐬 𝐰𝐞𝐥𝐥 𝐡𝐚𝐯𝐞 𝐚𝐜𝐜𝐞𝐬𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲 𝐭𝐨 𝐲𝐨𝐮𝐫 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐬𝐨𝐜𝐢𝐚𝐥 𝐧𝐞𝐭𝐰𝐨𝐫𝐤𝐬 𝐚𝐥𝐨𝐧𝐠 𝐰𝐢𝐭𝐡 𝐩𝐡𝐨𝐧𝐞 𝐜𝐨𝐧𝐭𝐚𝐜𝐭𝐬)
𝐈 𝐚𝐜𝐭𝐮𝐚𝐥𝐥𝐲 𝐰𝐨𝐧'𝐭 𝐬𝐩𝐞𝐧𝐝 𝐦𝐲 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐯𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐭𝐢𝐦𝐞 𝐰𝐢𝐭𝐡 𝐞𝐱𝐩𝐥𝐚𝐢𝐧𝐢𝐧𝐠 𝐞𝐱𝐚𝐜𝐭𝐥𝐲 𝐡𝐨𝐰 𝐈 𝐩𝐨𝐬𝐬𝐞𝐬𝐬 𝐭𝐡𝐢𝐬 𝐢𝐧𝐟𝐨 𝐰𝐢𝐭𝐡 𝐫𝐞𝐠𝐚𝐫𝐝𝐬 𝐭𝐨 𝐲𝐨𝐮𝐫𝐬𝐞𝐥𝐟. 𝐀𝐭 𝐭𝐡𝐢𝐬 𝐩𝐨𝐢𝐧𝐭 𝐜𝐨𝐦𝐢𝐧𝐠 𝐭𝐨 𝐭𝐡𝐞 𝐩𝐚𝐫𝐭𝐢𝐜𝐮𝐥𝐚𝐫 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐚𝐬𝐩𝐞𝐜𝐭.
𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐲𝐨𝐮𝐫 𝐦𝐚𝐢𝐧 𝐨𝐩𝐭𝐢𝐨𝐧𝐬?
𝟏. 𝐀𝐬𝐬𝐮𝐦𝐞 𝐭𝐡𝐢𝐬 𝐩𝐚𝐫𝐭𝐢𝐜𝐮𝐥𝐚𝐫 𝐢𝐬 𝐞-𝐦𝐚𝐢𝐥 𝐜𝐚𝐧 𝐛𝐞 𝐛𝐥𝐮𝐟𝐟 𝐚𝐧𝐝 𝐝𝐞𝐥𝐞𝐭𝐞 𝟐. 𝐑𝐞𝐩𝐥𝐲 𝐩𝐫𝐨𝐨𝐟
𝐖𝐡𝐢𝐜𝐡 𝐢𝐧 𝐭𝐮𝐫𝐧 𝐢𝐬 𝐠𝐨𝐢𝐧𝐠 𝐭𝐨 𝐨𝐮𝐭𝐜𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐨𝐧𝐥𝐲 𝐨𝐧𝐞 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧. 𝐘𝐨𝐮𝐫 𝐨𝐰𝐧 𝐩𝐥𝐚𝐲𝐭𝐢𝐦𝐞 𝐯𝐢𝐝𝐞𝐨 𝐬𝐢𝐦𝐩𝐥𝐲 𝐛𝐞𝐢𝐧𝐠 𝐬𝐡𝐨𝐰𝐞𝐝 𝐭𝐨 𝐲𝐨𝐮𝐫 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬.
𝐈𝐦𝐚𝐠𝐢𝐧𝐞 𝐩𝐫𝐞𝐜𝐢𝐬𝐞𝐥𝐲 𝐡𝐨𝐰 𝐰𝐨𝐮𝐥𝐝 𝐭𝐡𝐚𝐭 𝐰𝐢𝐥𝐥 𝐢𝐦𝐩𝐚𝐜𝐭 𝐲𝐨𝐮𝐫 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐜𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐞𝐯𝐞𝐫𝐲 𝐩𝐞𝐫𝐬𝐨𝐧 𝐲𝐨𝐮 𝐤𝐧𝐨𝐰?
𝐁𝐮𝐭, 𝐭𝐡𝐢𝐬 𝐝𝐨𝐞𝐬 𝐧𝐨𝐭 𝐧𝐞𝐞𝐝 𝐢𝐧 𝐨𝐫𝐝𝐞𝐫 𝐭𝐨 𝐛𝐞 𝐭𝐡𝐚𝐭 𝐨𝐩𝐭𝐢𝐨𝐧. 𝐈 𝐚𝐜𝐭𝐮𝐚𝐥𝐥𝐲 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐠𝐢𝐯𝐞 𝐲𝐨𝐮 𝐚 𝐠𝐨𝐨𝐝 𝐬𝐨𝐥𝐢𝐝 𝐭𝐡𝐢𝐫𝐝 𝐜𝐡𝐨𝐢𝐜𝐞.
𝟑. 𝐏𝐚𝐲 𝐮𝐩 𝐦𝐞 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐥𝐲 $𝟐𝟎𝟎𝟎 𝐭𝐨 𝐦𝐲𝐬𝐞𝐥𝐟 𝐭𝐨 𝐛𝐞 𝐚𝐛𝐥𝐞 𝐭𝐨 𝐰𝐢𝐩𝐞 𝐨𝐮𝐭 𝐞𝐚𝐜𝐡 𝐭𝐡𝐢𝐧𝐠 𝐈 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐡𝐚𝐯𝐞 𝐢𝐧 𝐫𝐞𝐥𝐚𝐭𝐢𝐨𝐧 𝐭𝐨 𝐲𝐨𝐮. 𝐘𝐨𝐮 𝐜𝐚𝐧 𝐞𝐚𝐬𝐢𝐥𝐲 𝐠𝐨 𝐭𝐨 𝐬𝐥𝐞𝐞𝐩 𝐫𝐞𝐥𝐢𝐞𝐯𝐞𝐝 𝐚𝐬 𝐰𝐞𝐥𝐥 𝐚𝐬 𝐰𝐚𝐤𝐞 𝐮𝐩 𝐫𝐞𝐚𝐥𝐢𝐳𝐢𝐧𝐠 𝐭𝐡𝐚𝐭 𝐚𝐛𝐬𝐨𝐥𝐮𝐭𝐞𝐥𝐲 𝐧𝐨𝐭𝐡𝐢𝐧𝐠 𝐜𝐚𝐧 𝐡𝐚𝐩𝐩𝐞𝐧 𝐭𝐨 𝐲𝐨𝐮.
𝐘𝐨𝐮 𝐰𝐢𝐥𝐥 𝐝𝐞𝐟𝐢𝐧𝐢𝐭𝐞𝐥𝐲 𝐩𝐫𝐨𝐜𝐞𝐞𝐝 𝐥𝐢𝐯𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐧𝐨𝐫𝐦𝐚𝐥 𝐚𝐧𝐝 𝐚𝐥𝐬𝐨 𝐩𝐥𝐞𝐚𝐬𝐞𝐝 𝐝𝐚𝐢𝐥𝐲 𝐥𝐢𝐟𝐞!
𝐃𝐨𝐞𝐬 𝐭𝐡𝐢𝐬 𝐚𝐩𝐩𝐞𝐚𝐫 𝐥𝐢𝐤𝐞 𝐚 𝐠𝐨𝐨𝐝 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧? (𝐖𝐞𝐥𝐥, 𝐈 𝐡𝐨𝐩𝐞 𝐢𝐭 𝐝𝐨𝐞𝐬 𝐝𝐮𝐞 𝐭𝐨 𝐭𝐡𝐞 𝐟𝐚𝐜𝐭 𝐚𝐥𝐦𝐨𝐬𝐭 𝐚𝐧𝐲 𝐡𝐮𝐦𝐚𝐧 𝐛𝐞𝐢𝐧𝐠 𝐚𝐥𝐨𝐧𝐠 𝐰𝐢𝐭𝐡 𝐩𝐨𝐬𝐬𝐢𝐛𝐥𝐲 𝐬𝐦𝐚𝐥𝐥 𝐛𝐢𝐭 𝐨𝐟 𝐩𝐫𝐚𝐜𝐭𝐢𝐜𝐚𝐥 𝐬𝐞𝐧𝐬𝐞𝐬 𝐰𝐨𝐮𝐥𝐝 𝐝𝐞𝐟𝐢𝐧𝐢𝐭𝐞𝐥𝐲 𝐭𝐚𝐤𝐞 𝐨𝐧 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐨𝐟𝐟𝐞𝐫)
𝐇𝐨𝐰 𝐰𝐢𝐥𝐥 𝐲𝐨𝐮 𝐦𝐚𝐤𝐞 𝐭𝐡𝐞 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧? 𝐌𝐚𝐤𝐢𝐧𝐠 𝐮𝐬𝐞 𝐨𝐟 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐭𝐨 𝐭𝐡𝐞 𝐞𝐱𝐚𝐜𝐭 𝐛𝐞𝐥𝐨𝐰 𝐚𝐝𝐝𝐫𝐞𝐬𝐬 (𝐈𝐟 𝐲𝐨𝐮 𝐝𝐨 𝐧𝐨𝐭 𝐟𝐮𝐥𝐥𝐲 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝 𝐚𝐛𝐨𝐮𝐭 𝐁𝐢𝐭𝐜𝐨𝐢𝐧, 𝐠𝐨𝐨𝐠𝐥𝐞 𝐡𝐨𝐰 𝐭𝐨 𝐛𝐮𝐲 𝐛𝐢𝐭𝐜𝐨𝐢𝐧. 𝐃𝐨 𝐍𝐨𝐭 𝐰𝐚𝐬𝐭𝐞 𝐦𝐲 𝐭𝐢𝐦𝐞!)
bc1*ql9c8zcspspuzxy2fsn2qgfch49wtzcf2hqqz3n 𝐜𝐚𝐬𝐞-𝐬𝐞𝐧𝐬𝐢𝐭𝐢𝐯𝐞𝐒𝐨 𝐜𝐨𝐩𝐲 𝐚𝐧𝐝 𝐩𝐚𝐬𝐭𝐞 𝐢𝐭, 𝐚𝐧𝐝 𝐫𝐞𝐦𝐨𝐯𝐞 * 𝐟𝐫𝐨𝐦 𝐢𝐭
𝐀𝐭 𝐭𝐡𝐢𝐬 𝐩𝐨𝐢𝐧𝐭 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝟐𝟒 𝐡𝐨𝐮𝐫𝐬 𝐭𝐨 𝐦𝐚𝐤𝐞 𝐭𝐡𝐞 𝐩𝐚𝐲𝐦𝐞𝐧𝐭. 𝐘𝐨𝐮𝐫 𝐭𝐢𝐦𝐞 𝐰𝐢𝐥𝐥 𝐬𝐭𝐚𝐫𝐭 𝐫𝐢𝐠𝐡𝐭 𝐧𝐨𝐰 (𝐈 𝐢𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐞𝐝 𝐚 𝐜𝐨𝐦𝐩𝐮𝐭𝐞𝐫 𝐜𝐨𝐝𝐞 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐢𝐬 𝐞𝐦𝐚𝐢𝐥 𝐬𝐨 𝐚𝐬 𝐬𝐨𝐨𝐧 𝐲𝐨𝐮 𝐠𝐨 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐭𝐡𝐢𝐬 𝐞 𝐦𝐚𝐢𝐥, 𝐈 𝐰𝐢𝐥𝐥 𝐜𝐞𝐫𝐭𝐚𝐢𝐧𝐥𝐲 𝐤𝐧𝐨𝐰 𝐢𝐭)
𝐀𝐧𝐝 𝐚𝐥𝐬𝐨 𝐢𝐧 𝐭𝐡𝐞 𝐞𝐯𝐞𝐧𝐭 𝐭𝐡𝐚𝐭 𝐈 𝐝𝐨𝐧'𝐭 𝐠𝐞𝐭 𝐭𝐡𝐞 𝐫𝐞𝐢𝐦𝐛𝐮𝐫𝐬𝐞𝐦𝐞𝐧𝐭, 𝐦𝐨𝐬𝐭 𝐜𝐞𝐫𝐭𝐚𝐢𝐧𝐥𝐲, 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐯𝐞𝐫𝐲 𝐰𝐞𝐥𝐥 𝐚𝐰𝐚𝐫𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐞𝐱𝐚𝐜𝐭 𝐜𝐨𝐧𝐜𝐞𝐪𝐮𝐞𝐧𝐜𝐞𝐬.
𝐚 𝐬𝐢𝐧𝐠𝐥𝐞 𝐨𝐟 𝐲𝐨𝐮𝐫 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐩𝐚𝐬𝐬𝐰𝐨𝐫𝐝𝐬.
𝐂𝐞𝐫𝐭𝐚𝐢𝐧𝐥𝐲, 𝐧𝐨𝐭 𝐭𝐨𝐨 𝐣𝐮𝐬𝐭 𝐖𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐡𝐚𝐯𝐞 𝐲𝐨𝐮𝐫 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐩𝐚𝐬𝐬𝐰𝐨𝐫𝐝𝐬, 𝐭𝐡𝐞𝐧 𝐚𝐠𝐚𝐢𝐧 𝐟𝐮𝐫𝐭𝐡𝐞𝐫𝐦𝐨𝐫𝐞 𝐲𝐨𝐮𝐫 𝐨𝐰𝐧 𝐄𝐧𝐭𝐢𝐫𝐞 𝐯𝐢𝐝𝐞𝐨 𝐜𝐥𝐢𝐩 𝐮𝐧𝐝𝐞𝐫𝐭𝐚𝐤𝐢𝐧𝐠 𝐫𝐚𝐮𝐧𝐜𝐡𝐲 𝐦𝐚𝐭𝐭𝐞𝐫𝐬 𝐚𝐬 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐲𝐨𝐮 𝐚𝐜𝐭𝐮𝐚𝐥𝐥𝐲 𝐥𝐨𝐨𝐤𝐞𝐝 𝐚𝐭 𝐭𝐡𝐚𝐭 𝐩𝐨𝐫𝐧 𝐦𝐚𝐭𝐞𝐫𝐢𝐚𝐥 𝐰𝐞𝐛𝐬𝐢𝐭𝐞 (𝐲𝐨𝐮 𝐫𝐞𝐜𝐨𝐠𝐧𝐢𝐳𝐞 𝐰𝐡𝐢𝐜𝐡 𝟏 𝐥𝐨𝐥)
𝐈𝐧 𝐜𝐚𝐬𝐞 𝐲𝐨𝐮 𝐟𝐞𝐞𝐥 𝐈'𝐦 𝐣𝐮𝐬𝐭 𝐛𝐥𝐮𝐟𝐟𝐢𝐧𝐠, 𝐫𝐞𝐩𝐥𝐲 𝐏𝐫𝐨𝐨𝐟 𝐚𝐧𝐝 𝐬𝐨 𝐌𝐨𝐬𝐭 𝐝𝐞𝐟𝐢𝐧𝐢𝐭𝐞𝐥𝐲 𝐢'𝐥𝐥 𝐩𝐨𝐬𝐬𝐢𝐛𝐥𝐲 𝐛𝐞 𝐦𝐚𝐢𝐥𝐢𝐧𝐠 𝐭𝐡𝐚𝐭 𝐰𝐨𝐧𝐝𝐞𝐫𝐟𝐮𝐥 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐯𝐢𝐝𝐞𝐨 𝐭𝐨 𝐞𝐢𝐠𝐡𝐭 𝐚𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐞𝐝 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮𝐫 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐫𝐚𝐧𝐝𝐨𝐦 𝐜𝐨𝐥𝐥𝐞𝐚𝐠𝐮𝐞𝐬 (𝐢𝐧𝐝𝐞𝐞𝐝, 𝐈 𝐭𝐫𝐮𝐥𝐲 𝐚𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥𝐥𝐲 𝐩𝐨𝐬𝐬𝐞𝐬𝐬 𝐚𝐜𝐜𝐞𝐬𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲 𝐭𝐨 𝐲𝐨𝐮𝐫 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐬𝐨𝐜𝐢𝐚𝐥 𝐦𝐞𝐝𝐢𝐚 𝐚𝐥𝐨𝐧𝐠 𝐰𝐢𝐭𝐡 𝐩𝐡𝐨𝐧𝐞 𝐜𝐨𝐧𝐭𝐚𝐜𝐭𝐬)
𝐈 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐞𝐫𝐭𝐚𝐢𝐧𝐥𝐲 𝐰𝐢𝐥𝐥 𝐧𝐨𝐭 𝐰𝐚𝐬𝐭𝐞 𝐦𝐲 𝐨𝐰𝐧 𝐯𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐭𝐢𝐦𝐞 𝐢𝐧 𝐞𝐱𝐩𝐥𝐚𝐢𝐧𝐢𝐧𝐠 𝐩𝐫𝐞𝐜𝐢𝐬𝐞𝐥𝐲 𝐡𝐨𝐰 𝐈 𝐩𝐨𝐬𝐬𝐞𝐬𝐬 𝐭𝐡𝐢𝐬 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐛𝐨𝐮𝐭 𝐲𝐨𝐮𝐫𝐬𝐞𝐥𝐟. 𝐍𝐨𝐰 𝐡𝐞𝐚𝐝𝐢𝐧𝐠 𝐭𝐨 𝐭𝐡𝐞 𝐚𝐜𝐭𝐮𝐚𝐥 𝐜𝐫𝐮𝐜𝐢𝐚𝐥 𝐩𝐨𝐫𝐭𝐢𝐨𝐧.
𝐖𝐡𝐚𝐭 𝐩𝐫𝐞𝐜𝐢𝐬𝐞𝐥𝐲 𝐜𝐚𝐧 𝐛𝐞 𝐲𝐨𝐮𝐫 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐜𝐡𝐨𝐢𝐜𝐞𝐬?
𝟏. 𝐀𝐬𝐬𝐮𝐦𝐞 𝐭𝐡𝐢𝐬 𝐤𝐢𝐧𝐝 𝐨𝐟 𝐢𝐬 𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐚 𝐝𝐨𝐮𝐛𝐭 𝐞-𝐦𝐚𝐢𝐥 𝐢𝐬 𝐛𝐥𝐮𝐟𝐟 𝐚𝐧𝐝 𝐫𝐞𝐦𝐨𝐯𝐞 𝟐. 𝐑𝐞𝐬𝐩𝐨𝐧𝐝 𝐩𝐫𝐨𝐨𝐟
𝐖𝐡𝐢𝐜𝐡 𝐢𝐬 𝐠𝐨𝐢𝐧𝐠 𝐭𝐨 𝐜𝐨𝐧𝐬𝐞𝐪𝐮𝐞𝐧𝐜𝐞 𝐢𝐧 𝐬𝐢𝐦𝐩𝐥𝐲 𝐣𝐮𝐬𝐭 𝐨𝐧𝐞 𝐰𝐚𝐲. 𝐘𝐨𝐮𝐫 𝐨𝐰𝐧 𝐩𝐥𝐚𝐲𝐭𝐢𝐦𝐞 𝐯𝐢𝐝𝐞𝐨 𝐜𝐥𝐢𝐩 𝐛𝐞𝐜𝐨𝐦𝐢𝐧𝐠 𝐬𝐡𝐨𝐰𝐞𝐝 𝐭𝐨 𝐲𝐨𝐮𝐫 𝐚𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐞𝐬.
𝐏𝐢𝐜𝐭𝐮𝐫𝐞 𝐞𝐱𝐚𝐜𝐭𝐥𝐲 𝐡𝐨𝐰 𝐰𝐨𝐮𝐥𝐝 𝐭𝐡𝐚𝐭 𝐰𝐢𝐥𝐥 𝐢𝐦𝐩𝐚𝐜𝐭 𝐲𝐨𝐮𝐫 𝐜𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐞𝐯𝐞𝐫𝐲𝐛𝐨𝐝𝐲 𝐲𝐨𝐮 𝐛𝐞 𝐟𝐚𝐦𝐢𝐥𝐢𝐚𝐫 𝐰𝐢𝐭𝐡?
𝐎𝐧 𝐭𝐡𝐞 𝐨𝐭𝐡𝐞𝐫 𝐡𝐚𝐧𝐝, 𝐤𝐞𝐞𝐩 𝐢𝐧 𝐦𝐢𝐧𝐝 𝐭𝐡𝐢𝐬 𝐝𝐨𝐞𝐬 𝐧𝐨𝐭 𝐡𝐚𝐯𝐞 𝐠𝐨𝐭 𝐭𝐨 𝐞𝐧𝐝 𝐮𝐩 𝐛𝐞𝐢𝐧𝐠 𝐭𝐡𝐚𝐭 𝐚𝐩𝐩𝐫𝐨𝐚𝐜𝐡. 𝐈 𝐚𝐜𝐭𝐮𝐚𝐥𝐥𝐲 𝐫𝐞𝐚𝐥𝐥𝐲 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐨𝐟𝐟𝐞𝐫 𝐲𝐨𝐮 𝐚 𝐬𝐮𝐢𝐭𝐚𝐛𝐥𝐞 𝐭𝐡𝐢𝐫𝐝 𝐨𝐩𝐭𝐢𝐨𝐧.
𝟑. 𝐂𝐨𝐦𝐩𝐞𝐧𝐬𝐚𝐭𝐞 𝐦𝐞 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐥𝐲 $𝟐𝟎𝟎𝟎 𝐭𝐨 𝐦𝐞 𝐭𝐨 𝐛𝐞 𝐚𝐛𝐥𝐞 𝐭𝐨 𝐝𝐞𝐬𝐭𝐫𝐨𝐲 𝐭𝐡𝐞 𝐰𝐡𝐨𝐥𝐞 𝐭𝐡𝐢𝐧𝐠 𝐈 𝐡𝐚𝐯𝐞 𝐠𝐨𝐭 𝐜𝐨𝐧𝐜𝐞𝐫𝐧𝐢𝐧𝐠 𝐲𝐨𝐮. 𝐘𝐨𝐮 𝐜𝐚𝐧 𝐜𝐞𝐫𝐭𝐚𝐢𝐧𝐥𝐲 𝐠𝐨 𝐭𝐨 𝐬𝐥𝐞𝐞𝐩 𝐡𝐚𝐩𝐩𝐲 𝐚𝐧𝐝 𝐰𝐚𝐤𝐞 𝐮𝐩 𝐤𝐧𝐨𝐰𝐢𝐧𝐠 𝐭𝐡𝐚𝐭 𝐧𝐨𝐭𝐡𝐢𝐧𝐠 𝐜𝐚𝐧 𝐡𝐚𝐩𝐩𝐞𝐧 𝐭𝐨 𝐲𝐨𝐮.
𝐘𝐨𝐮 𝐰𝐢𝐥𝐥 𝐜𝐞𝐫𝐭𝐚𝐢𝐧𝐥𝐲 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞 𝐨𝐧 𝐥𝐢𝐯𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐧𝐨𝐫𝐦𝐚𝐥 𝐚𝐬 𝐰𝐞𝐥𝐥 𝐚𝐬 𝐡𝐚𝐩𝐩𝐲 𝐥𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞!
𝐖𝐢𝐥𝐥 𝐭𝐡𝐚𝐭 𝐚𝐩𝐩𝐞𝐚𝐫 𝐥𝐢𝐤𝐞 𝐚 𝐞𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧? (𝐎𝐤𝐚𝐲, 𝐈 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐢𝐭 𝐰𝐢𝐥𝐥 𝐬𝐢𝐦𝐩𝐥𝐲 𝐛𝐞𝐜𝐚𝐮𝐬𝐞 𝐚𝐧𝐲 𝐡𝐮𝐦𝐚𝐧 𝐛𝐞𝐢𝐧𝐠 𝐚𝐥𝐨𝐧𝐠 𝐰𝐢𝐭𝐡 𝐩𝐞𝐫𝐡𝐚𝐩𝐬 𝐞𝐯𝐞𝐧 𝐭𝐞𝐞𝐧𝐲 𝐛𝐢𝐭 𝐨𝐟 𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐬𝐞𝐧𝐬𝐞𝐬 𝐰𝐨𝐮𝐥𝐝 𝐝𝐞𝐟𝐢𝐧𝐢𝐭𝐞𝐥𝐲 𝐭𝐚𝐤𝐞 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐨𝐟𝐟𝐞𝐫)
𝐇𝐨𝐰 𝐰𝐢𝐥𝐥 𝐲𝐨𝐮 𝐩𝐮𝐭 𝐭𝐨𝐠𝐞𝐭𝐡𝐞𝐫 𝐭𝐡𝐞 𝐩𝐚𝐲𝐦𝐞𝐧𝐭? 𝐌𝐚𝐤𝐢𝐧𝐠 𝐮𝐬𝐞 𝐨𝐟 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐭𝐨 𝐭𝐡𝐞 𝐛𝐞𝐥𝐨𝐰 𝐚𝐝𝐝𝐫𝐞𝐬𝐬 (𝐈𝐧 𝐭𝐡𝐞 𝐞𝐯𝐞𝐧𝐭 𝐭𝐡𝐚𝐭 𝐲𝐨𝐮 𝐝𝐨𝐧'𝐭 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝 𝐚𝐛𝐨𝐮𝐭 𝐁𝐢𝐭𝐜𝐨𝐢𝐧, 𝐠𝐨𝐨𝐠𝐥𝐞 𝐡𝐨𝐰 𝐭𝐨 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐛𝐢𝐭𝐜𝐨𝐢𝐧. 𝐃𝐨 𝐍𝐨𝐭 𝐰𝐚𝐬𝐭𝐞 𝐦𝐲 𝐭𝐢𝐦𝐞!)
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 𝐜𝐚𝐬𝐞-𝐒𝐄𝐍𝐒𝐈𝐓𝐈𝐕𝐄𝐒𝐨 𝐜𝐨𝐩𝐲 𝐚𝐧𝐝 𝐩𝐚𝐬𝐭𝐞 , 𝐚𝐧𝐝 𝐭𝐚𝐤𝐞 𝐨𝐟𝐟 *** 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬
𝐀𝐭 𝐭𝐡𝐢𝐬 𝐩𝐨𝐢𝐧𝐭 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐠𝐨𝐭 𝐓𝐰𝐞𝐧𝐭𝐲-𝐟𝐨𝐮𝐫 𝐡𝐫𝐬 𝐢𝐧 𝐨𝐫𝐝𝐞𝐫 𝐭𝐨 𝐦𝐚𝐤𝐞 𝐭𝐡𝐞 𝐩𝐚𝐫𝐭𝐢𝐜𝐮𝐥𝐚𝐫 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧. 𝐘𝐨𝐮𝐫 𝐭𝐢𝐦𝐞 𝐰𝐢𝐥𝐥 𝐬𝐭𝐚𝐫𝐭 𝐚𝐭 𝐭𝐡𝐢𝐬 𝐦𝐨𝐦𝐞𝐧𝐭 (𝐈 𝐚𝐩𝐩𝐥𝐢𝐞𝐝 𝐚 𝐜𝐨𝐝𝐞 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐢𝐬 𝐩𝐚𝐫𝐭𝐢𝐜𝐮𝐥𝐚𝐫 𝐞𝐦𝐚𝐢𝐥 𝐬𝐨 𝐚𝐬 𝐬𝐨𝐨𝐧 𝐲𝐨𝐮 𝐠𝐨 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐭𝐡𝐢𝐬 𝐞𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜 𝐦𝐚𝐢𝐥, 𝐈 𝐝𝐞𝐟𝐢𝐧𝐢𝐭𝐞𝐥𝐲 𝐰𝐢𝐥𝐥 𝐤𝐧𝐨𝐰 𝐢𝐭)
𝐀𝐧𝐝 𝐚𝐥𝐬𝐨 𝐢𝐧 𝐜𝐚𝐬𝐞 𝐈 𝐝𝐨 𝐧𝐨𝐭 𝐨𝐛𝐭𝐚𝐢𝐧 𝐭𝐡𝐞 𝐬𝐞𝐭𝐭𝐥𝐞𝐦𝐞𝐧𝐭, 𝐜𝐞𝐫𝐭𝐚𝐢𝐧𝐥𝐲, 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐰𝐞𝐥𝐥 𝐢𝐧𝐟𝐨𝐫𝐦𝐞𝐝 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐨𝐧𝐜𝐞𝐪𝐮𝐞𝐧𝐜𝐞𝐬.
And here are some common keywords used in the email so that this thread can be found by people Googling the email:
"Marlware, international hacker group, No‌ p‌erso‌n has co‌mp‌ensat‌ed, very o‌wn vid‌eo‌ cli‌p, software on the adult, porno sitio, one of your pass word, .br, specific pixel, sexual content web portal, a malware on the adult, a malware on the, double-screen, is a reasonable price tag for our little secret, you have a good taste lmao, I placed a malware on the adult vids, your browser began operating as a RDP, had been abusing yourself in front of computer display, you are one of those people that downloaded the malicious, I made a split-screen video, While you were watching the video, your web browser acted as, malware on the porn website and guess what, an unique pixel, you jerked off while watching an online video, When you pressed the play button the virus begins saving all the things thru, ja.scr, My malicious soft started your front cam, and also send the video link to all of yourfriends, I infected your gadget with a malware and now, AnywaysI downloaded all contacts, my program quickly got into your system, To a time where you jerk off watching","For the present moment I have at my disposal all, When you arouse sexually watching porno, In such a way all needed compromising material and contact, All information to yours SNSs user accounts, You watched sexual content portal and toss","Hello! WannaCry is back! All your, in front of the screen browsing adult stuff, As you flog the dummy watching, U are going to be offered 5 days after checking this notice, RAT 68006, the damnific malware, pastime and entertainment there, not my single victim, beat the dummy, buff the muffin, choke a chicken, front camera capturing video, with you frigging, with you chaturbating, with you masturbating, web digicam, U are going to have 5 dayss, i utilize just hacked wi, pressured this trojan to, glue a pair of videos, glue two videos, the RAT, if you want me to destroy this whole video, downloaded all contacts from your computer, your list of contacts or relatives will, I made a video that shows how you masturbate, hacked you through a virus in an ad on a porn website, my illiteracy, nоt mind on my illiterаcy, I рilfered all рrivy bаckground, videоtaре with yоur masturbаtion, my delеtеrious soft, cаmеra shооt the videоtaрe, you sеlf-аbusing, Differently I will send the video to all your colleagues and friends, your front-camera made the videotape with you self-abusing, RAT 98390 malware, the minute you went to one adult page, information to contact info I discovered on your devices and remember there is a lot of these, not including Double VPN As a result, I forced my malware to hook up to a mic, web camera and catch the video from it, poisoned a number of adult sites, video clip to fit on a single tv screen, This letter has invisible monitoring program inside and i will be aware of when you are going to check, doing ur stuff and a clip u jerked to, the investigation will last, I uploaded our malicious program on your device, furthermore malware saved exactly the video you chose, its a record with your wanking, friends will see u taking proper care of yourself, Your system is controlled by the malicious program, If you were more careful while playing with yourself, that whacking off to adult web-sites is, adult website which was poisoned with my malware, nor i think that jerking off to porn sites is really a gross thing, so I dgf lmao, proof just reply to this email with, if you want me to destroy all this compromising evidence, will send your video to 5 contacts, amount in Usd that can cope with this scenario, You are welcome to contact your local authorities, If you want proof, reply with, i pride myself in being apart of an internet group, so i dgf, I take good care of my being anonymous, information related to the RAT virus, been able get in to all ur units, to all of your contacts including, search engines like goo, case sensitive, so copy,, and at this moment I, It is a non-nego, don't waste my perso, thi s mes, back while visiting, showe ring, what should you do ?, porno webpage, this embarrassing situation, navigated to the page, bare-assed, on well-known websites and publications, I got an order from someone to kill you and your family, immediately kill your family, is an explosive device, My mercenary is, explosive device detonates, triggered your webcam, piquant websites, my exploit downloaded, replenish btc wallet, i‌nstanta‌neo‌usly ‌erase, actua‌l r‌eco‌rded ma‌t‌eri‌al, n‌egl‌ect this ‌ema‌i‌l, my RAT trojan, video you jerked, I used keylogger, your disk dump, malware intercepts, installed a malware, remo‌v‌e yo‌ur vi‌deo‌ fo‌o‌ta‌ge, RAT onto your computer, greasy stimulating actions, excentric preferrables, porn web-page, to your Tax Department, network will be DDoS, friends, WannaCry, building a protection policy, in Tax Departament, Yours service going, we pass CloudFlare, hear fake-experts, backuped phone, -1663, of your joys, digits your phone, (porno), BIG pervert, both files and scale, naughty video clips, Soy un hacker, I installed spyware, n website with teen, malware on the porn website, very own recorded material""Marlware, international hacker group, No‌ p‌erso‌n has co‌mp‌ensat‌ed, very o‌wn vid‌eo‌ cli‌p, software on the adult, porno sitio, one of your pass word, specific pixel, sexual content web portal, a malware on the adult, a malware on the, double-screen, is a reasonable price tag for our little secret, you have a good taste lmao, I placed a malware on the adult vids, your browser began operating as a RDP, had been abusing yourself in front of computer display, you are one of those people that downloaded the malicious, I made a split-screen video, While you were watching the video, your web browser acted as, malware on the porn website and guess what, an unique pixel, you jerked off while watching an online video, When you pressed the play button the virus begins saving all the things thru, ja.scr, My malicious soft started your front cam, and also send the video link to all of yourfriends, I infected your gadget with a malware and now, AnywaysI downloaded all contacts, my program quickly got into your system, To a time where you jerk off watching","For the present moment I have at my disposal all, When you arouse sexually watching porno, In such a way all needed compromising material and contact, All information to yours SNSs user accounts, You watched sexual content portal and toss","Hello! WannaCry is back! All your, in front of the screen browsing adult stuff, As you flog the dummy watching, U are going to be offered 5 days after checking this notice, RAT 68006, the damnific malware, pastime and entertainment there, not my single victim, beat the dummy, buff the muffin, choke a chicken, front camera capturing video, with you frigging, with you chaturbating, with you masturbating, web digicam, U are going to have 5 dayss, i utilize just hacked wi, pressured this trojan to, glue a pair of videos, glue two videos, the RAT, if you want me to destroy this whole video, downloaded all contacts from your computer, your list of contacts or relatives will, I made a video that shows how you masturbate, hacked you through a virus in an ad on a porn website, my illiteracy, nоt mind on my illiterаcy, I рilfered all рrivy bаckground, videоtaре with yоur masturbаtion, my delеtеrious soft, cаmеra shооt the videоtaрe, you sеlf-аbusing, Differently I will send the video to all your colleagues and friends, your front-camera made the videotape with you self-abusing, RAT 98390 malware, the minute you went to one adult page, information to contact info I discovered on your devices and remember there is a lot of these, not including Double VPN As a result, I forced my malware to hook up to a mic, web camera and catch the video from it, poisoned a number of adult sites, video clip to fit on a single tv screen, This letter has invisible monitoring program inside and i will be aware of when you are going to check, doing ur stuff and a clip u jerked to, the investigation will last, I uploaded our malicious program on your device, furthermore malware saved exactly the video you chose, its a record with your wanking, friends will see u taking proper care of yourself, Your system is controlled by the malicious program, If you were more careful while playing with yourself, that whacking off to adult web-sites is, adult website which was poisoned with my malware, nor i think that jerking off to porn sites is really a gross thing, so I dgf lmao, proof just reply to this email with, if you want me to destroy all this compromising evidence, will send your video to 5 contacts, amount in Usd that can cope with this scenario, You are welcome to contact your local authorities, If you want proof, reply with, i pride myself in being apart of an internet group, so i dgf, I take good care of my being anonymous, information related to the RAT virus, been able get in to all ur units, to all of your contacts including, search engines like goo, case sensitive, so copy,, and at this moment I, It is a non-nego, don't waste my perso, thi s mes, back while visiting, showe ring, what should you do ?, porno webpage, this embarrassing situation, navigated to the page, bare-assed, on well-known websites and publications, I got an order from someone to kill you and your family, immediately kill your family, is an explosive device, My mercenary is, explosive device detonates, triggered your webcam, piquant websites, my exploit downloaded, replenish btc wallet, i‌nstanta‌neo‌usly ‌erase, actua‌l r‌eco‌rded ma‌t‌eri‌al, n‌egl‌ect this ‌ema‌i‌l, my RAT trojan, video you jerked, I used keylogger, your disk dump, malware intercepts, installed a malware, remo‌v‌e yo‌ur vi‌deo‌ fo‌o‌ta‌ge, RAT onto your computer, greasy stimulating actions, excentric preferrables, porn web-page, to your Tax Department, network will be DDoS, friends, WannaCry, building a protection policy, in Tax Departament, Yours service going, we pass CloudFlare, hear fake-experts, backuped phone, -1663, of your joys, digits your phone, (porno), BIG pervert, both files and scale, naughty video clips, Soy un hacker, I installed spyware, n website with teen, malware on the porn website, very own recorded material, ιs yοur ραssρhrαse, after seeing the video of you jerking off, τhιηκ οf ιτ αs α dοηατιοη, split-screen video, 𝐄𝐧𝐭𝐢𝐫𝐞 𝐯𝐢𝐝𝐞𝐨 𝐜𝐥𝐢𝐩 𝐮𝐧𝐝𝐞𝐫𝐭𝐚𝐤𝐢𝐧𝐠 𝐫𝐚𝐮𝐧𝐜𝐡𝐲 𝐦𝐚𝐭𝐭𝐞𝐫𝐬, 𝐚𝐜𝐭𝐮𝐚𝐥𝐥𝐲 𝐞𝐧𝐭𝐞𝐫𝐞𝐝 𝐭𝐡𝐚𝐭 𝐩𝐨𝐫𝐧𝐨 𝐢𝐧𝐭𝐞𝐫𝐧𝐞𝐭 𝐬𝐢𝐭𝐞, 𝐇𝐨𝐰 𝐰𝐢𝐥𝐥 𝐲𝐨𝐮 𝐩𝐮𝐭 𝐭𝐨𝐠𝐞𝐭𝐡𝐞𝐫 𝐭𝐡𝐞 𝐩𝐚𝐲𝐦𝐞𝐧𝐭"
submitted by EugeneBYMCMB to Scams [link] [comments]

While prices are going down, let's ignore all the hate and do our bit by being productive! For my part - I made a Bitcoin Cash poster! :D

While prices are going down, let's ignore all the hate and do our bit by being productive! For my part - I made a Bitcoin Cash poster! :D submitted by the_S1lence to btc [link] [comments]

The Bitcoin Conspiracy (an enthusiast's perspective)

I keep coming across comments, especially in this sub, from people claiming that Bitcoin was created by the CIA or some government agency as part of the plan for the NWO and cashless society. I want to share my experience and try to clear up the confusion surrounding this topic.
I first got involved with Bitcoin in late 2016 when I heard about it and got some while at a libertarian festival. Back then it was still very popular among the agorist community and was being promoted as THE silver bullet that was going to disrupt the global fiat banking system.
Putting preconceptions aside, a new user might ask, "what's so special about Bitcoin? We already have digital currencies."
Well, you only need to read the first page of the whitepaper to discover what the original intent of Bitcoin was. It most definitely was not intended to be a tool for central banks to subjugate the world to a centralized global currency. Quite the opposite in fact. Read the full whitepaper here.
When I first learned about Bitcoin, it forced me to learn about economics, then the Federal Reserve, then one by one the dominoes fell and down the conspiracy rabbit hole I went. In 2017 (actually it started a few years earlier, but I wasn't paying attention back then) there was a very heated debate in the Bitcoin community regarding scaling.
I'll try to break it down simply:
In the very early days, when Bitcoin was just a project being worked on by a few very technical people, no one knew about it. All it took was a handful of people running the software on their laptops to mine new coins. Since there was not much computing power on the network, it meant there could easily be a spam attack where a malicious user could join the network and generate many gigabytes of spam transactions that would overload and crash the network. To prevent this, Satoshi implemented a limit of 1MB per block, to protect the network until there was enough computing power to be able to handle larger blocks.
This measure worked, and Bitcoin grew exponentially.
Satoshi vanished in 2010, after WikiLeaks attracted unwanted attention to the project by accepting Bitcoin donations. He left clear instructions for his successors that the 1MB block size limit was meant to be increased once the network could support high levels of user traffic. At the time, there still was not much use, so it wasn't until around 2014 that blocks started hitting the 1MB cap and all of a sudden users had to compete (by paying higher transaction fees) in order to get their transaction mined into the next block.
Up until then, sending a Bitcoin transaction would cost $0.0001 (hundredth of a penny) or less, no matter if you were sending $0.10 or $1,000,000. Now, since block space was limited, fees started to rise, as miners would only include the transactions with the highest fees. Over the next couple years, transaction fees went up dramatically, at times reaching as high as $100 to send a single transaction.
The solution was obvious - raise the block size limit.
But this led to a heated debate, and this is where the conspiracy became obvious to those who were paying attention. Since Bitcoin was decentralized and open source, anyone could contribute, but certain people controlled the commit access to the github repo, and it became apparent that those individuals had been compromised, as any and all mention of increasing the block size was met with fierce resistance.
There was a misinformation campaign to discredit anyone arguing for larger blocks. The argument was that larger blocks would mean users could not run the software on their low-power personal devices and laptops; that by increasing the block size it would lead to mining centralization. Well, if you read the whitepaper linked above, you'll see that Satoshi predicted this. He knew mining would eventually be left to "specialized server farms" while normal users could use what he termed Simplified Payment Verification (SPV) wallets.
But this point was consistently shot down in the community, and especially on /bitcoin. There was a MASSIVE censorship campaign in the bitcoin subreddit that continues to this day where anyone who questions the official narrative or even asks a basic technical question is immediately banned. /bitcoin today is nothing but a cesspit of price memes and misinformation. Go to /btc for the uncensored discussions (but beware of trolls).
In 2017 the debate was finally settled, sort of. Now known as "Bitcoin Core" (the name of the official Bitcoin software), the developers implemented a change known as SegWit (Segregated Witness) which fundamentally altered the way the software validates transactions. It was implemented as a "soft fork" rather than a "hard fork".
I'll explain the difference.
In a fork, the network comes to a consensus on new rules that all participants must follow. In a hard fork, the changes are non-backwards compatible, so all users must update their software or else be left behind on a dead network. Hard forks happen all the time in software development, but in the case of SegWit, the developers refused to make any non-backwards compatible changes for fear it might alienate users. Again, another unfounded fear. "We can't ever upgrade the technical capabilities of the network (such as the block size) because some people might not go along with it."
All kinds of mental gymnastics were performed to justify their refusal to increase the block size, and there was nothing anyone could do about it except fork as an independent project. The 1MB block limit is now essentially set in stone for BTC. So in August 2017, Bitcoin Cash (BCH) hard forked by increasing the block size limit to 8MB, along with some other changes.
Fast forward to December 2017 and Bitcoin was at its all time high of nearly $20,000. But fees were also astronomical and because of the 1MB block size limit, a huge backlog formed, and some people had to wait days or even weeks for their transaction to confirm. If anyone was trying to cash out into fiat and didn't want to pay a $100 transaction fee, by the time their transaction got confirmed the price had already crashed.
This event was largely responsible for the bear market of 2018. Everything that happened was predicted by those who knew what was going on.
A company called Blockstream had essentially wrestled control of Bitcoin from the original developers and shut them out or gained control over them, and started working on turning Bitcoin into a settlement layer for their product called Lightning Network.
LN is a complicated topic that I don't want to get into, but essentially it's a framework that recreates all the same problems inherent in the banking system that Bitcoin was meant to solve. Blockstream's goal is to profit from creating, and then "solving" those problems by charging users fees for all kinds of custodial services.
In my personal opinion, it's obvious that the original Bitcoin project has been hijacked and repurposed into a tool for the central banks. The propaganda is being pushed in some conspiracy circles that Bitcoin was created BY the central banks in order to discourage people from researching the true history. What is now commonly called "Bitcoin" is not the original project, but a Trojan horse.
The project that most closely follows the original design is Bitcoin Cash, and that is where almost all organic development is happening, and personally I feel that it's picking up steam lately as more people wake up to what's happening in the economy right now. Unfortunately most people are still unaware of how fundamentally broken BTC is now and so as new users run toward cryptocurrency to escape the dollar collapse, most will fall straight into the trap and be stuck with BTC that they won't be able to use without paying exorbitant fees and/or submitting to the very same tracking system they are trying to get away from.
This is a very deep rabbit hole but I think I've written enough for now. I hope this info helps people make sense of what's going on with Bitcoin. I know it's confusing enough even without so much deception taking place so hopefully this helps.
Read the Bitcoin FAQ over on /btc.
submitted by PM_ME_YOUR_ALTCOINS to conspiracy [link] [comments]

Roger on incognito payments in bitcoin.com wallets: "I would love this" ... ✌️

Roger on incognito payments in bitcoin.com wallets: submitted by Egon_1 to btc [link] [comments]

This must be one of the most retarded tweets by Adam Becks, this is exactly the reason BCH is superior to BTC for such situation

This must be one of the most retarded tweets by Adam Becks, this is exactly the reason BCH is superior to BTC for such situation submitted by barbierir to btc [link] [comments]

PSA, to get the full benefits of a hardware wallet, connect it to ur own full node. Only then is ur financial sovereignty complete.

"When you use the hardware wallet it is connecting to the ledgetrezor servers and telling you what you have in those addresses. You can’t actually verify what they are telling you is the truth. If you run your own node and connect that node to your wallets, you can verify the truth."
But that is not the only reason. The fact that only economic full nodes can help enforce concensus is perhaps just as important:
"Running a full node is kind of like voting where the weight of your vote is the amount of money you transact through that full node (sort of)."
In other words, when ur full node is not connected to ur actual BTC stash, u are giving up ur leverage to enforce consensus on the bitcoin network. Many don't realize that running a full node with an empty wallet does nothing for the network. It is completely redundant.
That happens a lot these days because bitcoin core's compatibility with hardware wallets is minimal. U need to run code to connect it, and even then it is cluncky, there isn't even a GUI. It also happens because folks don't know about the importance of economic nodes.
Here it is from the wiki:
As explained previously, full nodes enforce the consensus rules no matter what. However, lightweight nodes do not do this. Lightweight nodes do whatever the majority of mining power says. Therefore, if most of the miners got together to increase their block reward, for example, lightweight nodes would blindly go along with it. If this ever happened, the network would split such that lightweight nodes and full nodes would end up on separate networks, using separate currencies. People using lightweight nodes would be unable to transact with people using full nodes. If all businesses and many users are using full nodes, then this network split is not a critical problem because users of lightweight clients will quickly notice that they can't send or receive bitcoins to/from most of the people who they usually do business with, and so they'll stop using Bitcoin until the evil miners are overcome, which is the appropriate response. However, if almost everyone on the network is using lightweight nodes in this situation, then everyone would continue being able to transact with each other, and so Bitcoin could very well end up "hijacked" by evil miners.
https://en.bitcoin.it/wiki/Full_node#Economic_strength
submitted by ting_jun48 to Bitcoin [link] [comments]

Top-5 Ways To Buy Bitcoin Instantly

The choice of the optimal ways to buy Bitcoin depends on three factors: how much information you want to disclose, what is the amount of the transaction and what level of security you require. However, it is almost impossible to comply with all 3 factors. So, what is the best way to buy Bitcoin?

1. Stock exchange

The best way to buy crypto is to use an exchange (Binance, Coinbase Pro, Huobi Global), where one can sell and buy digital currency from other investors. The price is set manually. In this case, the commission charged by the intermediary will not exceed 1%. The exchange provides anonymity since you don’t need to provide your ID in most exchanges. There are several options for transactions:
If you want to know how to begin investing in Bitcoin, start studying stock exchanges.

Pros:

Cons:

2. Exchanger

A crypto exchanger (Localbitcoins, Lykke, F-change) allows exchanging fiat or other tokens for BTC according to a fixed rate. It is probably the easiest way to buy crypto. The service adds a commission higher than that on the stock exchange.

Pros:

Cons:

3. ATMs for BTC

ATMs for Bitcoins only enter the market. It is enough to have the necessary amount of cash to be able to exchange it for the equivalent in BTC. Such a transaction is instant and does not require registration or other formalities. There are now over 8500 BTC ATMs around the world.

4. For cash with individuals

A hand-to-hand sale is the most private and most insecure way to buy cryptocurrency. It is lucky if you know reliable miners or crypto businessmen. Rent, salary, taxes – all this requires ordinary money, so they constantly have a need to sell mined or earned cryptocurrency. Pros – maximum anonymity of transactions. Cons – risks from dishonest partners.

5. Telegram bots

Telegram bot is an automatic script based on the search for offers and counteroffers. If someone wants to sell BTC, they send a request to the bot and it looks for a counter offer. As soon as someone sends a request for the purchase of Bitcoin, the bot will complete a transaction between these two users.

Pros:

Cons:

Disclaimer

While talking about the ways to buy Bitcoin, it is important to mention that this article doesn’t provide any advice and directions regarding the investments in particular cryptocurrencies and pursues only informative purposes.
submitted by CoinjoyAssistant to btc [link] [comments]

How were the first bitcoins created?

In Bitcoin: A Peer-to-Peer Electronic Cash System I read:
By convention, the first transaction in a block is a special transaction that starts a new coin owned by the creator of the block
And according to Wikipedia Bitcoin:
The successful miner finding the new block is allowed by the rest of the network to reward themselves with newly created bitcoins and transaction fees. [...] To claim the reward, a special transaction called a coinbase is included with the processed payments.[7]:ch. 8 All bitcoins in existence have been created in such coinbase transactions.
As far as I understand: blocks are created once there are transactions, and in conjunctions with creating these blocks the miner gets a reward, increasing the bitcoin supply. They receive this reward by adding a coinbase transaction to the block that they mine. But before anyone had any bitcoins, there couldn't be any transactions going on. So the miners had no blocks to create (and no rewards to receive)?
What am I missing or misunderstanding? How did the bitcoin supply get started?
submitted by hejaha to BitcoinBeginners [link] [comments]

Why i’m bullish on Zilliqa (long read)

Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analysed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralised and scalable in my opinion.
 
Below I post my analysis why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since end of January 2019 with daily transaction rate growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralised and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. Maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realised early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralised, secure and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in amount of nodes. More nodes = higher transaction throughput and increased decentralisation. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue disecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as:
“A peer-to-peer, append-only datastore that uses consensus to synchronise cryptographically-secure data”.
 
Next he states that: >“blockchains are fundamentally systems for managing valid state transitions”.* For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralised and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimisation on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (>66%) double spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT etc. Another thing we haven’t looked at yet is the amount of decentralisation.
 
Decentralisation
 
Currently there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralised nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching their transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public.They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers.The 5% block rewards with an annual yield of 10.03% translates to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS & shard nodes and seed nodes becoming more decentralised too, Zilliqa qualifies for the label of decentralised in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. Faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time stamped so you’ll start right away with a platform introduction, R&D roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalised: programming languages can be divided into being ‘object oriented’ or ‘functional’. Here is an ELI5 given by software development academy: > “all programmes have two basic components, data – what the programme knows – and behaviour – what the programme can do with that data. So object-oriented programming states that combining data and related behaviours in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behaviour are different things and should be separated to ensure their clarity.”
 
Scilla is on the functional side and shares similarities with OCaml: > OCaml is a general purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognised by academics and won a so called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities safety is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa for Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue:
In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships  
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organisations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggest that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already taking advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, AirBnB, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are build on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”*
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They dont just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities) also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiatives (correct me if I’m wrong though). This suggest in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures & Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
submitted by haveyouheardaboutit to CryptoCurrency [link] [comments]

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