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Gridcoin 5.0.0.0-Mandatory "Fern" Release

https://github.com/gridcoin-community/Gridcoin-Research/releases/tag/5.0.0.0
Finally! After over ten months of development and testing, "Fern" has arrived! This is a whopper. 240 pull requests merged. Essentially a complete rewrite that was started with the scraper (the "neural net" rewrite) in "Denise" has now been completed. Practically the ENTIRE Gridcoin specific codebase resting on top of the vanilla Bitcoin/Peercoin/Blackcoin vanilla PoS code has been rewritten. This removes the team requirement at last (see below), although there are many other important improvements besides that.
Fern was a monumental undertaking. We had to encode all of the old rules active for the v10 block protocol in new code and ensure that the new code was 100% compatible. This had to be done in such a way as to clear out all of the old spaghetti and ring-fence it with tightly controlled class implementations. We then wrote an entirely new, simplified ruleset for research rewards and reengineered contracts (which includes beacon management, polls, and voting) using properly classed code. The fundamentals of Gridcoin with this release are now on a very sound and maintainable footing, and the developers believe the codebase as updated here will serve as the fundamental basis for Gridcoin's future roadmap.
We have been testing this for MONTHS on testnet in various stages. The v10 (legacy) compatibility code has been running on testnet continuously as it was developed to ensure compatibility with existing nodes. During the last few months, we have done two private testnet forks and then the full public testnet testing for v11 code (the new protocol which is what Fern implements). The developers have also been running non-staking "sentinel" nodes on mainnet with this code to verify that the consensus rules are problem-free for the legacy compatibility code on the broader mainnet. We believe this amount of testing is going to result in a smooth rollout.
Given the amount of changes in Fern, I am presenting TWO changelogs below. One is high level, which summarizes the most significant changes in the protocol. The second changelog is the detailed one in the usual format, and gives you an inkling of the size of this release.

Highlights

Protocol

Note that the protocol changes will not become active until we cross the hard-fork transition height to v11, which has been set at 2053000. Given current average block spacing, this should happen around October 4, about one month from now.
Note that to get all of the beacons in the network on the new protocol, we are requiring ALL beacons to be validated. A two week (14 day) grace period is provided by the code, starting at the time of the transition height, for people currently holding a beacon to validate the beacon and prevent it from expiring. That means that EVERY CRUNCHER must advertise and validate their beacon AFTER the v11 transition (around Oct 4th) and BEFORE October 18th (or more precisely, 14 days from the actual date of the v11 transition). If you do not advertise and validate your beacon by this time, your beacon will expire and you will stop earning research rewards until you advertise and validate a new beacon. This process has been made much easier by a brand new beacon "wizard" that helps manage beacon advertisements and renewals. Once a beacon has been validated and is a v11 protocol beacon, the normal 180 day expiration rules apply. Note, however, that the 180 day expiration on research rewards has been removed with the Fern update. This means that while your beacon might expire after 180 days, your earned research rewards will be retained and can be claimed by advertising a beacon with the same CPID and going through the validation process again. In other words, you do not lose any earned research rewards if you do not stake a block within 180 days and keep your beacon up-to-date.
The transition height is also when the team requirement will be relaxed for the network.

GUI

Besides the beacon wizard, there are a number of improvements to the GUI, including new UI transaction types (and icons) for staking the superblock, sidestake sends, beacon advertisement, voting, poll creation, and transactions with a message. The main screen has been revamped with a better summary section, and better status icons. Several changes under the hood have improved GUI performance. And finally, the diagnostics have been revamped.

Blockchain

The wallet sync speed has been DRASTICALLY improved. A decent machine with a good network connection should be able to sync the entire mainnet blockchain in less than 4 hours. A fast machine with a really fast network connection and a good SSD can do it in about 2.5 hours. One of our goals was to reduce or eliminate the reliance on snapshots for mainnet, and I think we have accomplished that goal with the new sync speed. We have also streamlined the in-memory structures for the blockchain which shaves some memory use.
There are so many goodies here it is hard to summarize them all.
I would like to thank all of the contributors to this release, but especially thank @cyrossignol, whose incredible contributions formed the backbone of this release. I would also like to pay special thanks to @barton2526, @caraka, and @Quezacoatl1, who tirelessly helped during the testing and polishing phase on testnet with testing and repeated builds for all architectures.
The developers are proud to present this release to the community and we believe this represents the starting point for a true renaissance for Gridcoin!

Summary Changelog

Accrual

Changed

Most significantly, nodes calculate research rewards directly from the magnitudes in EACH superblock between stakes instead of using a two- or three- point average based on a CPID's current magnitude and the magnitude for the CPID when it last staked. For those long-timers in the community, this has been referred to as "Superblock Windows," and was first done in proof-of-concept form by @denravonska.

Removed

Beacons

Added

Changed

Removed

Unaltered

As a reminder:

Superblocks

Added

Changed

Removed

Voting

Added

Changed

Removed

Detailed Changelog

[5.0.0.0] 2020-09-03, mandatory, "Fern"

Added

Changed

Removed

Fixed

submitted by jamescowens to gridcoin [link] [comments]

Coins.ph: Pros and Cons

Coins.ph is a Philippine-made virtual wallet founded in 2014 by Silicon Valley entrepreneurs Ron Hose and Runar Petursson. It is the first virtual currency provider in the country to be licensed by the Bangko Sentral ng Pilipinas (BSP) with a Virtual Currency Exchange license.
This platform allows its users to top up prepaid load; send and receive money; pay bills; avail game credits; store and convert cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH), Etherium (ETH), and Ripple (XRP).
Almost 5 Million customers have been using the platform in various transactions since 2014.
Since it is regulated and licensed by the Central Bank of the Philippines, safe and secure ways to make digital payments, as well as cryptocurrency buy and sell services is guaranteed to its users.
We are subject to the rules and regulations set forth by the BSP and the Anti-Money Laundering Act (AMLA).
Under strict regulatory requirements, we operate with a very high level of security, with industry-standard measures such as SSL connections to AES-225 Encryption.
- Coins.ph Support Team
https://support.coins.ph/hc/en-us/articles/360000274842-Is-Coins-ph-safe
This can be simply accessed by downloading the App directly from App Store or visiting the link: https://coins.ph
Now, let's talk about the Pros and Cons of this platform.
PROs :
• Cash in and cash out are almost available with over 33,000 partner location throughout the country.
Cash In options includes E-wallet (Coins.ph, GCash, Globe GCASH via Dragonpay, PayMaya Philippines, Inc.); Online Bank Transfer; Over-the-Counter Banking (BPI, Chinabank, UnionBank Cash Deposit); Remittance Center (Bayad center, Cebuana Lhuillier, LBC Bills Xpress, M Lhuillier ePay, Palawan Pawnshop, PeraHub, Tambunting Pawnshop); Department Stores (Robinsons Business Center, SM Bills Payment Center); International Options (Remitly, Ria Money Transfer, WorldRemit); and Kiosk Payment (Posible, TouchPay Kiosk, eTap Deposit)
For Cash Out, options includes Remittance Center (LBC Instant Peso Padala, Palawan Express Pera Padala, M Lhuillier Cash Pickup); Banks; E-wallets (GCash, GrabPay PH, PayMaya); Cash Cards (Coins.ph, BDO, RCBC, Smart Money Card); Door-to-door delivery (LBC Pesopak); Tollway Credits (Autosweep RFID, Easytrip NLEX Toll); and Cardless ATM Instant Payout available 24/7.
• No banks needed to make e-payments
• Account Verification through App or website
• Easy buying, selling, sending and receiving cryptocurrencies (Bitcoin, Bitcoin Cash, Etherium, Ripple)
• User-friendly interface
• Lots of Promotion like instant 10% cashback on prepaid load (rebate); P5 cashback for each unique bill payment and P100 cashback for 5 unique bills; 1:1 pricing for all game credits; sending funds to any bank account via instaPay free of charge; and many more.
• Can be linked to Facebook account
CONs:
• It’s compliance with Know-Your-Costumer regulation requires the users to verify private information in order to maximize spending limits. A selfie while holding government-issued ID card is a must to clear verification stage;
• Minimal range of accepted IDs for verification
• Users can’t shop around for best price on cryptocurrencies
• Higher fees applied for cryptocurrency conversion to fiat money
• Higher fees for sending and receiving cryptocurrencies
Based on the above-mentioned advantages and disadvantages in using Coins.ph, it is therefore concluded that this e-wallet is best for any transactions in PHP like buying prepaid load, paying bills or remittance purposes however, doesn’t work well for crypto-enthusiast dealing with trading cryptos due to the rates and fees.
Speaking from my own experience, coins.ph helped me a lot in saving time, energy and money since I don’t need to come visit the outlets or payment centers to complete my transactions.
Feel free to comment down your experience with Coins.ph!
submitted by jBaij to btc [link] [comments]

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submitted by freespinsgaming to u/freespinsgaming [link] [comments]

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submitted by freespinsgaming to u/freespinsgaming [link] [comments]

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submitted by freespinsbonus to u/freespinsbonus [link] [comments]

CryptoTools.net - A simple client-side cryptographic tool suite

Hey everyone! My apologies in advance from the plug, but I just wanted to show off my project, CryptoTools.net. It has no ads, no trackers, and does not ask for money.

Backstory

I got sick of bouncing around from site to sketchy site while trying to perform the simplest of cryptographic operations: things like hashing a string, converting base64, or encrypting a string. Each site had their own way of doing things as well, with a large portion of them POSTing all of the data to the server for it to do the calculations (a major no-no for those unfamiliar). Even some of the good sites were single-purpose with clunky UIs and forgettable URLs. I have yet to meet anyone who has memorized every OpenSSL command, myself included.
There's no shortage of crypto implementations in Javascript, but they're usually implemented in the background of a larger application, not presented in plain form for users to take advantage of as they please.
For these reasons, I decided to make my own collection of tools. All client side, easy to use, mobile friendly, and compatible with OpenSSL! Most tools also include DIY instructions for self-serve. All source code is on GitHub and all libraries are attributed to their authors. Rule #1 of crypto is to never roll your own crypto, so only outside libraries were used for that.

Tools

I hope at least some of you find these tools as useful as I do! I'm always open to suggestions for improvement. Thanks for reading!
submitted by rotorcowboy to privacytoolsIO [link] [comments]

CryptoTools.net - A simple client-side cryptographic tool suite

Hey everyone! My apologies in advance from the plug, but I just wanted to show off my project, CryptoTools.net. It has no ads, no trackers, and does not ask for money.

Backstory

I got sick of bouncing around from site to sketchy site while trying to perform the simplest of cryptographic operations: things like hashing a string, converting base64, or encrypting a string. Each site had their own way of doing things as well, with a large portion of them POSTing all of the data to the server for it to do the calculations (a major no-no for those unfamiliar). Even some of the good sites were single-purpose with clunky UIs and forgettable URLs. I have yet to meet anyone who has memorized every OpenSSL command, myself included.
There's no shortage of crypto implementations in Javascript, but they're usually implemented in the background of a larger application, not presented in plain form for users to take advantage of as they please.
For these reasons, I decided to make my own collection of tools. All client side, easy to use, mobile friendly, and compatible with OpenSSL! Most tools also include DIY instructions for self-serve. All source code is on GitHub and all libraries are attributed to their authors. Rule #1 of crypto is to never roll your own crypto, so only outside libraries were used for that.

Tools

I hope at least some of you find these tools as useful as I do! I'm always open to suggestions for improvement. Thanks for reading!
submitted by rotorcowboy to cryptography [link] [comments]

[Help] For some reason, my homescreen is very slow whenever I tried to swipe to the next page.

Here is my tweak list: 7-zip (POSIX): 16.02-1 A-Font: 1.5.2 Accelerated Home Button: 1.6 Activator Theme Fix: 1.0 Activator: 1.9.13~beta5 AdBlock for YouTube: 1.0.7 AllowTouchesOnPageDots: 1.0.1-1+debug AnimationsBeFast: 1.4.7 AppList: 1.5.15~beta1 Apps Manager: 1.5.0-12 AppStore++: 0.9.6-1 APT (apt-key): 1.4.9-2 APT 0.7 Transitional: 1:0-2 APT 1.4 Strict (libapt-pkg): 1.4.9-1 APT Command Line: 1:0-2 APT Strict (lib): 1.4.9-2 APT Strict: 1.4.9-1 Archero Cheats: 1.1.5+iOSGods.com Assuan: 2.5.1-1 Asteroid: 3.0.4 AutoTouch Cracked: 5.1.2-1k Barmoji: 1.9 Base Structure: 1-5 BatteryLife: 1.7.0 BegoneCIA (iOS 11 and 12): 0.2.1-2 Berkeley DB: 6.2.32-1 BetterCCIconsPro: 1.7.5k BetterCCXI (Weather Addon): 1.0.1 BetterCCXI: 1.4.8 betternet: 0.0.1 BetterSettings: 0.1.3 BigBoss Icon Set: 1.0 BinaryNumpad: 1.1 Bitcoin Billionaire Cheats: 4.8.1 Bourne-Again SHell: 5.0.3-1 bzip2: 1.0.6-1 CA Certs: 0.0.2 CamControls X: 1.0.2 Cappd: 1.0.3 CCLinker: 1.2.1 CCModules: 1.4-3 CCRinger: 2.1.0 CCSupport: 1.2-3 Cephei: 1.13.1-2 CircleSettings: 1.0.1 CocoaTop: 2.0.2 ColorBadges: 1.3.2-1 ColorFlow 4 (iOS 11 – 12): 1.3.0 Compactions CC: 1.1 CoolCC: 1:3.1 Core Utilities (/bin): 8.30-3 Core Utilities: 8.30-2 Cowbell: 1.2.1 CrashReporter: 1.16.0-1 Cuboid: 2.0.1 cURL: 7.65.0-1 Cydia Installer: 1.1.32~b16 Cydia Substrate: 0.9.7033 Cydia Translations: 1.1.32~b1 Cylinder: 1.0.6 CylinderFix: 0.0.2 DaDa-statusbar-1: 1.0 Darwin Tools: 1-6 Debian Packager: 1.18.25-11 Debian Utilities: 4.8.6-1 DeleteForever: 0.0.1-57 DetailedBatteryUsage: 1.1.1 Diff Utilities: 3.6-1 Disconnected: 1.0 diskdev-cmds: 593.221.1-1 DismissProgress: 1.0.4 DLGMemor Injected: 1.2.1 DoubleCut: 0.5 Dune: 1.2.1 DzMoha Icons: 9.8 Eclipse Dark Mode (iOS 12): 6.1.2 Episode - Choose Your Story Cheats: 10.40 Essential: 0-1 ExactTimePhone: 1.0-1+debug EZSwipe: 1.1 Fallout Shelter Cheats: 1.13.21 FastDel: 0.5 FDots: 1.0.1 file: 5.35-2 Filza File Manager 64-bit: 3.7.0-18 Find Utilities: 4.6.0-2 Fiona: 0.1 Flame: 1.3 Flat UI Theme: 1.2.4 FlipConvert: 0.0~beta5 Flipswitch: 1.0.16~beta5 FloatyDock: 1.5 FolderColor: 1.0-4 Free IAP: 0.0.1-7+debug gettext: 0.19.8-1 GNU Cryptography: 1.8.3-1 GNU Multiple Precision Arithmetic Library: 6.1.2-1 GnuPG Errors: 1.32-1 GnuPG: 2.2.11-2 GnuTLS: 3.5.19-1 grep: 3.1-1 Groovify: 1.2.1 Gushi Statusbar: 1.3 gzip: 1.9-1 HideDockLabels10: 0.0.1-7+debug HomeGesture: 2.1.4 Host AdBlocker: 1.6-3 hotspotvip: 4.7.0-1+debug HYI Repo Icons: 8.0.4 iCleaner Pro: 7.7.5 IconSupport: 1.11.1 Immortal: 1.2.1-1 IOKit Tools: 76-1 iOS Firmware: 12.2 iOSGods iAP Cracker: 1.0-2 iPhone Firmware (/sbin): 0-1 iThemer: 1.FuckYes Jailbreak Resources: 1.0~b23 Jumper: 1.5.0 KBPreferences: 0.0.7 Kiiimo Repo Icons: 12.5 KillX: 0.1.2 KSBA: 1.3.5-1 LeadMeHome: 1.0.1 LeaveMeAlone: 2.3.1 LetMeBlock: 0.0.6.8 LetMeKnow: 1.4.1 libbulletin: 0.1-145 libcolorpicker: 1.6.3-1 libcrashreport: 1.1.0-1 libCSColorPicker: 1.0.3 libCSPreferences: 1.2.0 Liberty Lite (Beta): 0.2.12 libfoxfortutils: 1.0.8 libidn2: 6.1.2-1 libimagepicker: 1.0.3 libnepeta: 0.1.1 libnghttp2-14: 1.38.0-1 libpackageinfo (cokepokes): 1.1.0.1-3 libpackageinfo: 1.1.0.1-1 libplist: 2.0.0-2 libSparkAppList: 1.0.3 libssh2: 1.8.0-2 libSubstitrate: 0.0.1-3 libswift (stable): 5.0 libswift4: 4.2.1-2 libsymbolicate: 1.9.0-1 libtasn1: 4.13-1 libunistring: 0.9.10-1 LightsOn: 1.0.0 Line StatusBar: 1.21 Lineal CC Theme: 1.0 Lineal Music Controls: 1.0 Lineal UI Theme: 1.2 Link Identity Editor: 2:2.1.1+elucubratus2 Locale Profiles in UTF-8: 1.0-1 LocalIAPStore: 1.4-2 Lotus Dark: 1.0.7 Lotus: 1.0 LowPowerMode: 1.0-3 LSPullToDismiss [Public]: 0.0.1-1 LZ4: 1.7.5-1 LZMA Utils: 2:4.32.7-2 Mega UHB IPv4+6 - iOS 9/10/11/12 - MUHB IPv4+6 (Mega Untrusted Hosts Blocker IPv4 and IPv6): 2.1.1 MessageColors: 1.5 MessageTypingIndicators: 1.0-1 Moonshine: 1.3 Moveable12: 1.0.0~beta29-32 Mune - Neon Edition: 1.1 Muze 4: 1.0 Muzik: 2.0 NCNoTitle: 1.0.1 Nettle: 3.4.1-1 New Curses: 5.9-1 New Curses: 6.1-1 New GNU Portable Threads: 1.6-1 NoCCGrabber12: 1.1 NoLowPowerAutoLock [Public]: 0.0.3 NoLSPadLock: 0.1 NoLSScreenshot: 0.0.1 NoSub (PalBreak w/ options): 1.3 Notchification Cracked: 1.4.2k Notifica: 0.3.0-4 NudeKeys (iOS 12): 1.0.0~b8 OpenSSL 1.0 Libraries: 1.0.2s-1 p11-kit: 0.23.12-1 PasscodeText: 0.1 Pebbli Status Bar for Xeon: 1.0 PencilChargingIndicator: 1.2~b6 PhotoManager (iOS 12): 1.0.7-1+debug pincrush: 0.9.2-1 PM, really?: 1.2 Portrait Lock: 1.8.4 PreferenceLoader: 2.2.4~beta1 PrefixUI: 1.2.2 Profile Directory: 0-1 readline: 8.0-1 RealCC: 1.0.2 Reddit No Ads: 0.0.2 ReProvision: 0.4.2 ReturnDismiss: 0.0.1-4 RocketBootstrap: 1.0.7~beta3 rsync: 3.1.3-2 Sareth: 1.0.3-1 sed: 4.5-1 Shadow Fight 2 Cheats: 1.9.38 shell-cmds: 118-8 shuffle: 1.0.4 Shy Labels: 1.1.1 Signing Certificate: 0.0.1 SilentScreenshot: 1.2 SmallVolumeStep: 1.1.0-2 SmartLight: 1.0.4 SmoothCursor: 1.1.3 SnowBoard Labels Extension: 1.0.0~Beta1 SnowBoard Settings Icons Extension: 1.0.4~Beta1 SnowBoard StatusBar Extension: 1.0.1~Beta1 SnowBoard: 1.2.14~Beta1 Soba: 1.2 Soda StatusBar(Gray灰色版): 1.3 Soul Knight Cheats: 2.2.1 Spotlightless11: 1.1.1 SSG3 Cheats: 1.0.0-4 StatusSwitcher: 1.1.1 Substitute Dummy for unc0ver: 1.0 Substrate Safe Mode: 0.9.6001.1 SugarCane: 1.0.0 System Memory Reset Fix: 1.0 system-cmds: 790.30.1-2 Tape Archive: 1.30-2 TapTapFlip: 1.5 TapVideoConfig: 0.0.4.1 TechSupport Framework (cokepokes): 1.5.0.1-2 TranslucentCydia: 0.9.0-1 Trust Cache Injector: 0.4~b5 Tweak Count 2: 1.0.1 tweakCompatible: 0.1.5 TypeReceipt: 0.0.2 UHB - iOS 9/10/11/12 (Untrusted Hosts Blocker): 1.7.1 UIKit Tools: 1.1.13-18 Ultrasound: 1.2.9 unrar: 5.6.4-1 unzip: 6.0+deb9u1-1 Viola: 1.5 Waze ++: 4.53 Whoops: 1.0.2 WiFi Passwords: 3.0.1 Xen HTML: 0.5.4 XenInfo: 2.2.6 XZ Utils: 5.2.4-4 zip: 2.32-1
Thanks in advance.
submitted by Benetzit to jailbreak [link] [comments]

It's Time to Let Everyone in on Litecoin's Biggest Secret

Fellow Consumers,
It's possible that you might be getting a little upset at the current BTC fees. Please assist me in sending, or editing as you see fit, this drafted outline and email to whichever business you feel would benefit from using Litecoin instead. Or you can make a video, or tweet the link, or 100 other things. Just help in bringing attention to Litecoin in BTC's mempool time of need. It's time they learned Litecoin's biggest secret .... It’s THE BEST payment method out there. Also, please support businesses that currently accept Litecoin. I've put together a list below the draft.
........................................................................................................................................
BEGIN EMAIL DRAFT
To whom it may concern,
Has your company ever considered receiving the alternative payment currency Litecoin?
To begin, you may already be accepting bitcoin and Litecoin is very similar to bitcoin. If you're unfamiliar with bitcoin as a currency then Litecoin is a great place to start. They are even built from the same Core coding. A benefit to Litecoin is that it has a 2.5 minute block time instead of bitcoin's 10 minutes. This makes Litecoin's transaction speed four times faster and much less expensive than bitcoin. In layman's terms, this just means payment is confirmed faster and less expensively with Litecoin.
For reference - you can see the average fee of both bitcoin and Litecoin in US Dollars compared here: https://bitinfocharts.com/comparison/transactionfees-btc-ltc.html#1y
This chart shows the average fee for Litecoin is staying around 10 to 20 cents, and bitcoin bouncing between a low of $1.50 and $8.00 recently. This means you would pay less in fees to convert the same total value into fiat or USD in this case.
If you were to compare this to the average credit card transaction fees, of say 2.5%, any transaction over $5.00 would be more profitable through Litecoin.
Reference of fees found here: https://www.cardfellow.com/average-fees-for-credit-card-processing/#Typical
If you've heard of Litecoin, I'm sure you have heard the saying "Litecoin is the silver to bitcoin's gold." But really, Litecoin should really be considered Platinum instead of silver. Platinum is stronger, more durable, and much more ductile. Over 20% of all consumer goods either contain platinum or are produced using platinum. Platinum is truly an enduring metal just as Litecoin is truly an enduring cryptocurrency. It will be 6 years old this October, bitcoin is 8 years old.
A few facts that demonstrate Litecoin's strength, durability, and ductility are listed below:
  1. Litecoin has a large economy and your current bitcoin technology should work on Litecoin with very little changes. If you don't use bitcoin, it is still easy to implement.
  2. Litecoin has the best combination of economic size and technical similarity to bitcoin than any other cryptocurrencies.
  3. Litecoin is capable of eight times as many transactions as bitcoin in a ten minute period.
  4. Litecoin has much faster confirmation times with blocks that are not full.
  5. Litecoin has proven its longevity compared to many other cryptocurrencies that have come and gone.
  6. Also, if changes ever need to be made to Litecoin, it doesn't take years to implement them. Litecoin implemented Segregated Witness before bitcoin, and will most likely run on the lightning network before bitcoin as well. If you don't deal with bitcoin, this all just means Litecoin is a front runner in implementing new technology and features.
  7. Litecoin is a limited supply coin, launched fairly, with no coins premined (no developer is hiding a majority somewhere), nor has it ever hard forked for any special interest groups. It is decentralized and no one person or group controls what happens to it and no one person or group can manipulate the market.
  8. Whole Litecoins are much more affordable than whole bitcoins. This helps eliminate some psychological barriers to entering the market.
In conclusion:
If your company was to accept Litecoin, I would be happy to start conducting my business with you.
If your company accepts bitcoin payments but not Litecoin, I hope I have helped shed some light on the benefits Litecoin could bring to your business.
If your business does not accept bitcoin payments, I hope I have introduced you to an alternative payment option that a large number of people transact with everyday who would love to add you to their list of merchants accepting Litecoin. It really is the currency of the future.
If you have any questions about Litecoin or need help in possibly implementing Litecoin into your business, please let us know. There are many of us here excited to help you transition into accepting Litecoin or to help you further and answer any questions you may have.
We can be found here:
[email protected]
[email protected]
https://www.reddit.com/Litecoin
https://twitter.com/LitecoinCA
http://litecoinalliance.org/
https://twitter.com/ltcfoundation
https://twitter.com/litecoinsupport
A few options of the easiest ways to implement Litecoin payments currently are:
  1. https://shapeshift.io - currently used by Overstock.com - "The Safest, Fastest Asset Exchange on Earth"
  2. https://coinpayments.net/ - Payment gateway for LTC & BTC
  3. https://alfacoins.com/ - an international LTC & BTC payment processor
  4. https://www.asmoney.com/ - an electronic payment system for LTC & BTC
  5. https://www.gocoin.com/ - Enabling merchants to accept BTC & LTC payments
  6. http://cointopay.com/ - Provides merchant services in LTC, BTC, & many others
  7. https://www.cryptowoo.com/ - a decentralized payment plugin to accept LTC, DOGE, & BTC
  8. https://gourl.io/ - an open source crypto-currency payment gateway
  9. https://litepaid.com/ - accept LTC, BTC, & over 25 others fast & easy
END EMAIL DRAFT ........................................................................................................................................
This below is for LTC spending reference. No need to include it in any email. Dots were added in for any mobile users who can't see the formatted lines.
Places to spend Litecoin:
Please feel free to mention any links/sites/businesses you know of - It took me a bit to compile this list or PM me and I will add your business link to whichever category you prefer. Also, please verify with the consumer they still accept Litecoin or are still an active domain before purchasing.
A Bit of Everything:
https://overstock.com - Furniture, Decor, Cars, Pet Adoptions, Jewelry, Clothing
http://bitroadmarket.com/en/ - Electronics , Home and Kitchen
http://shop.btcs.com/ - Jewelry, Coins, Shirts, Collectors Items
https://bitcoingalaxy.us/shop/ - Jewelry, Coins, Shirts, Collectors Items
https://www.all-mints.com/- Gift Cards, PCs, Clothing, Food, Tools, Perfume, Electronics, Bags, Shoes, Gifts, Pet Products
Art & Collectibles:
https://bitographs.com/ - Crypto Posters
https://dogmaportraits.uservoice.com/ - Prints of your uploaded pet photos
http://cryptoart.com/ - Crypto themed art
http://bitcoinsportscards.com/ - Sports Cards
http://aircraft-photos.com/ - Aircraft photos
http://www.juanmiguelsalas.com/blog/ - Art - Blogger
http://www.benzandbeamer.com/ - Luxury Cars
Clothing/Jewelry:
https://Digswag.com - Clothing, Unique Items, Pets, Home and Office
https://Coinpupil.com - Crypto themed clothing
https://allthingsluxury.biz/ - Fine Jewelry
http://www.afkapparel.co.uk/ - Geek/Gamer clothing
http://www.sakamaonline.com/ - Leather and Rugs
https://www.siamsecrets-auz.com/ - Siam clothing
https://cryptocurrencygear.com/ - Crypto gear
https://www.topshelftoker.com/ - Shirt and Hat
https://allthingsdecentral.com/ - Card games, Hardware wallets, clothing, Beginners Box
http://shiresoaps.com/ - Soap
https://5mr.com/ - Baby Wearing
https://www.cryptojeweler.com/ - Jewelry
https://www.cheveux-naturels.com/ - Hair Extensions
https://www.etsy.com/shop/JestersLeather - Leather
http://www.cryptoverge.com/ - Crypto clothing
http://moniebug.com/ - Chlidren's Clothing (Launch Party Sept 30th - Coming Soon)
https://chicagogemshop.com/ - Precious Gems and Crystals
https://litecoinmerch.com/ - Litecoin Merchandise - Donates 25% Back to LTC Foundation!
https://twitter.com/LitecoinMerch
Domains/Hosting/and Other Digital Services:
https://nameselling.com - Domain names
http://www.lovinghosting.com/ - Linux Web Hosting
http://www.lovingdomains.com/ - Domain names
https://www.vps-city.com/ - Virtual Private Servers
https://flokinet.is/en/ - Anonymous Servers
https://coinshost.com/en/ - Web Hosting and DDos Protection
http://www.qhoster.com/ - Hosting, VPS, Servers, Domains
https://briehost.com/ - Hosting, VPS, Servers, Domains
https://www.hostmycode.in/ - Hosting, VPS, Servers, Domains, Wordpress, SSD Reseller
https://www.cinfu.com/ - Shared Hosting, VPS, Dedicated Servers, Domains, SSL Digital Certificates
http://ellenet.com.au/ - Web Hosting, Web Design, Server Maintenance, Web Development
https://247zilla.com/ - Cloud Hosting
https://hosthavoc.com - Game/Minecraft/Voice Servers and Web Hosting
https://www.simrai.com/ - Game/Minecraft/Voice Servers and Web Hosting, Package Deals
https://143vpn.com/ - VPN, DDoS protection
https://torguard.net/ - VPN, Anonymous Email, Anonymous Proxy
https://www.trilightzone.org/ - VPN Services
http://gameservers.today/ - Game and Voice Servers
https://xwebhosting.org/ - Dedicated and Cloud Servers, Web Hosting, Datacenters
http://www.onenetwork.net/ - Servers and VPS
http://instantcpanelhosting.com/ $0.5 Hosting, $4 VPS, Domains, Dedicated Servers, SSL
https://koddos.net/ - DDoS protection, Off shore hosting
http://www.coinrdp.com/
https://axelwebhosting.com - Web Hosting
18+:
http://www.vieci.com/# - Assorted Adult Products
Food and Drinks:
https://tealet.com/litecoin - Assorted Teas, Loose Leaf
https://www.drinkcham.com/ - Award Winning Cold Brew Tea
https://www.cryptomercado.com/ - Coffee, Jerky, Nuts, Snacks
https://crypto-coffee.com/ - Coffee
http://drapis.com/ - Raw Honey
Furniture:
https://distinguishedimports.com/shop/ - Hand Blown Glass, Decor, Vintage Furniture
Game Keys:
https://key4co.in/ - Game Keys
https://www.cjs-cdkeys.com/ - Game Keys and Physical Discs
https://gamerzheat.com/ - Game Keys and Software
Gift cards:
https://www.gyft.com
https://www.cryptodechange.com/
https://www.egifter.com/litecoin/
https://bitcoingiftcards.com.au/
https://www.cryfter.com/
https://giftoff.com/
Gold and Silver:
https://www.coaex.com/ - Gold and Silver Bars
http://www.bitgild.com/ - Gold, Silver, Platinum, Palladium, Accessories
http://www.bitcoinmetals.us/ - Copper, Gold, and Silver Bullions
Law firms:
https://sohovichlaw.com/ - DUI Defense
Miscellaneous:
http://coinmap.org - Map of Local Businesses
https://www.unlockbase.com/ - Unlock iPhone
https://www.custommuzzlebrakes.com/ - Custom Gun/Rifle Parts
http://www.getballistic.com/ - Body boards
http://www.3dp4btc.com/ - 3D Printing
Music:
http://www.shanthagopian.com/
http://www.progmegastore.com/store/ - Memorabilia, Vinyl, and Collectors Items, CDs and DVDs
http://cryptopay.trebaltek.ca/wp/
Other Electronics:
http://www.thermostatenshop.nl/ - Thermostats
http://www.heat4feet.net/nl/ - Floor Heating maps, rugs, thermostats
http://www.opritverwarmingen.eu/ - Heating cables, thermostats, and control systems
https://www.vorstvrij.net/nl/ - Heating cables and thermostats
http://www.keraheat.com/ - Assorted heating products
Pet Supplies:
http://cryptopet.com/ (Out of date site)
Physical Coins:
http://www.lealana.com/ (also sold on bitcointalk.org forum)
Travel:
https://www.cheapair.com - Plane tickets
https://btctrip.com/ - Festivals, Burning Man, Museums, Trips
http://finnatravel.com/ - Travel Agency
https://www.mercadoviagens.com/ - Brazil Travel Agency
http://3s.ee/booking/# - Estonia Hotel
https://www.surfranchnicaragua.com/bitcoins - All Inclusive Nicaragua Resort
Vape Nation:
https://arkansaseliquid.com/ - Vape Shop
https://www.vaposhop.com/ - Vape Shop
https://azarius.net/ - Assorted 'exhalant' supplies
http://btcheadshop.com/- Assorted 'exhalant' supplies
https://www.fogonthetyne.eu/- Vape Shop
https://www.ecigsplus.com/- Vape Shop
https://vapourdepot.com/- Vape Shop
http://www.tobaccoseed.company/ - 'Grow your own' Tobacco Seeds
https://kingpenvapes.com/- Vape Shop
http://www.digitalcloudvapor.com/- Vape Shop
Current Litecoin Developments - For Reference
Litecoin Roadmap - https://litecoincore.org/
Lightning Network
LN - vid by LTC Foundation's Franklyn
ln.network
RSK - Rootstock Sidechains
RSK - vid by LTC Foundation's Franklyn
rsk.co
MAST - Smart Contracts
Inside MAST: The Little-Known Plan to Advance Bitcoin Smart Contracts
Multisig Wallets
Multisig - vid by LTC Foundation's Franklyn
If you find any errors, mistakes, have suggestions of websites, comments on the wording, or what have you, just let me know in the comments or through PM. Also, as a disclaimer: I can not confirm every website above is still active or still accepts LTC, some accept but you have to email them first. I also left all the gambling websites out because those are hard to verify their trustworthiness.
Also, feel free to cross post this anywhere you want on the internet. You can edit and create whatever medium, youtube, twitter, reddit, voat, 4chan, bloomberg post you want. Feel absolutely free to get all that sweet sweet karma for yourself.
EDIT: I'll no longer keep this list up. I'll keep updating https://redd.it/6w0khi over in litecoinmarkets so you can always link to that.
submitted by 1JoeLite1 to litecoin [link] [comments]

UPDATE: We studied Blue Apron to figure out how to ship Maryland crabs to your home

We have come a long way since our first post (6 months ago), here!
I plan to continue updating our progress every 6 months, highlighting our mistakes and our hits in hopes your can utilize some ideas to help your ecommerce and the difficult business that is fresh (24 hours) perishable shipping.
Who we are: https://www.cameronsseafood.com/in 1985 my Dad and Uncle started the Maryland Seafood business and today it does $20 million in gross revenue each year. We sell raw and cooked seafood, and prepared dishes at 14 locations — 11 storefronts and three trucks — We have over 1,000,000 customers in the Baltimore-Washington-Philadelphia market. On June 24th 2017 my cousin and I started the nationwide home shipping business as a separate entity. The operation is run by me, my wife, dad, uncle, brother, cousin and 60 employees. I have no ownership in the stores, food trucks, and franchises. My uncle owns and handles all that.
My Background: the business was named after me in 1985 as I am the oldest son of 6 children. My main business is apartment brokerage and investing. I have been a MD, DC, and VA broker for 17 years www.idealrealty.com. I sell 100+ unit complexes to institutions and high net-worth individuals.
Coolest Online Customers: Gilbert Arenas and Mia Khalifa
What seafood do we sell online: Virtually everything but, 85% of sales are Maryland crabs, Maryland crab cakes, Maryland crab soups, and Free shipping samplers.
What we do: we ship freshly cooked Maryland Blue Crabs, Crab cakes and seafood to your door in 24 hours after being caught in the Chesapeake Bay, Maryland. We send you seafood that is 3 days fresher than the grocery store. Btw, we accept bitcoin!
Where do we get our Seafood? Chesapeake Bay, Maryland for Maryland products, using our own crabbers and contracted crabbers over the past 32 years. Although our COGS is 30%, shipping with 1-2 day delivery is very expensive, with the packaging materials outweighing the FedEx fees. We ship it fresh with Snow/King crab legs, soft shells (in off-season) and lobster tails being the items we ship frozen. Some items we receive frozen like Bee Gee shrimp from Louisiana.
We are True Blue Certified, meaning In order to be True Blue certified, participating food service establishments commit that at least 75% of their annual crab usage will be from Maryland harvested or processed crabs.
Startup Leverage: We do have some amazing advantages and you should tab into yours: 1) We don’t pay rent because we operate out of my uncles seafood headquarters. 2) We don’t need employees to handle extra orders (my partners handles up to 50 orders a day by himself) because we can use our existing employees. 4) We don’t have “employees” we contract existing employees meaning you don’t have to pay 15% tax 3) We don’t have food spoilage because we buy only what we need from our the stores each morning.
Online Profit Margins: We aim for 35% gross margins with our cost of goods sold at 30%. However, packaging and shipping costs wipe out most of it while paid-advertisement has wiped out the rest leaving us with 10% gross for the first 6 months. 1) We eliminated AdWords since our ROI/customer acquisition costs were too high. 2) We reduced all packaging costs through trial and error. We eliminated anything not necessary then negotiated each material with three vendors. You need to create a bidding war. 3) We negotiated shipping rates by switching vendors 3x. We formed a strategic partnership to tab into their FedEx account. With a growing customer base we are on track to hit 30% gross next year but it’s possible to hit 40% and 10% net.
Free Shipping Model: We offer free shipping to 29 states (1-2 day zones through FedEx ground network) when a customer spends over $200. Since our average order is $160 we think that’s a solid minimum order. We offer flat-rate air shipping everywhere else. National shipping is $94.99 or $79.99 when they spend $200+. We offer many free shipping sampler combos to local and regional customers. It’s too expensive to ship nationally without ridiculous pricing. That’s ok, if we can capitalize on the 29 ground states we will hit our $20,000,000 number. We don’t make any money on shipping, and I wish we could. Shipping page.
Chargeback Fraud: people are creative and fraud has cost us thousands We cannot require signatures on shipments without incurring a $4.50 fee and what if the person isn’t home? FedEx will return the box to their hub subjecting it to transit issues and spoilage. A lot of our customers order our food as gifts so the billing and shipping don’t match. We learned you can get expensive software that charges a per transaction fee. It’s only worth if at higher volume but you can do your own fraud detection. For example, look up the shipping address in google maps. Google the person and look for articles about them to show they live in the state. Modify your payment processor’s security features so you can monitor the results. We noted most fraudsters order our frozen items (to store or resell them) so we carefully review each frozen order with wide eyes.
Losses: We have made many errors totaling $15,000. Shipping wrong items, missing items, item arrives late or spoiled, gel packs melt, things happen. The important thing is to address the root cause, which helped us lower our losses rate from 15% down to 5% with a 3% goal in mind for 2018.
Shipping – pin FedEx vs UPS and save money. Make sure the “rates” include a residential fee and fuel fees. Also know like new credit cards they will give you introductory rates that eventually run out and use your monthly sales volume to adjust up/down. Negotiate longer into rate periods if you can! UPS offers insurance on the entire sale and will grant 25% off next day air on any bad deliveries and charge $1.80 per $100 but there is a catch. Your customers need to provide you photo proofs, and UPS has to be at fault to receive a claim (late delivery which occurs less than 1%) or a forgetting to deliver. However, UPS has abysmal Saturday ground delivery networks as it’s new as of August 2017 when FedEx has the entire network open. UPS has a smaller ground delivery range that FedEx too. No brainer for us, we chose FedEx. We don’t take insurance because it’s a loss. This will depend on your line of business.
Packaging Perishables – we reverse engineered Blue Apron and competitors to figure out how to ship fresh (and live) seafood. It also teaches you where to find suppliers (use manufacturers not resellers as they have a markup). Call them and form relationships.
Gel Packs: It takes 5 weeks to properly freeze a gel pack! I thought our business was doomed when I learned this because how can I store that many gel packs and replenish them within my walk-in freezer? Solution: we pay for pre-frozen ones and have pallets stored at -10. We learned this from ordering from Blue Apron and calling the gel pack manufacturer.
Boxes: to ship perishable seafood you probably need an insulated cooler and corrugated box kit. Since we started, we reduced costs by 30% by searching for a manufacturer (not a distributor) that can cut costs and store surplus for us. Costs include freight so find someone local within 1-2 hours of your HQ.
Customer Service: We sell seafood but we are in the customer service business. We are open 7 days per week and either I or my brother will answer your phone calls (888-404-7454 x1). Our competitors are only open 5-days per week. We offer cash refunds and reshipments on any customer complaint. Our competitors may give you a credit on your next order…The customer is always right and we ensure 100% satisfaction guaranteed. This has converted customers to repeat customers. We treat each customer as we want to be treated. Give a little, get a lot.
Website: I know you think I am biased because my wife created our site from scratch but she did an amazing job for her first ecommerce site! We modify content daily and advertise to our email list once per week with discount codes. This would have cost me $10,000 to $30,000 with all the changes we have made. It’s constantly evolving and the project never ends. Find a good partner that will grow with you. No 3rd party will put in the passion a strategic partner could offer. Try offering a lower hourly rate but give them a piece of the action for the difference.
Advertising: The best advertisement for us has been word-of-mouth. We carry 5-star reviews on Facebook but getting satisfied customers to review is hard (after a sale they receive an email asking them to rate their experience). We thought about offering a coupon but it feels like a bribe. We do offer a coupon once someone abandons their cart to remarket. We send out weekly coupons via mailing list and we offer weekly storewide specials (the real savings happen when you sign up). Social media is free, get good at it. Learn which outlets suit your business. For us, Facebook and Instagram work whereas Twitter has no traction. I learned ads on social media don’t convert. Nobody wants to be spammed ads. They want to discuss a topic and engage on pictures, videos, and education about your field. They will find a way to buy from you. Instead of offering a coupon teach them a recipe, explain why a Maryland Crab is the world’s best crab (in the Chesapeake Bay, due to the specific climate, the Blue Crabs lie dormant for 6 months and form a layer of fat on their meat which gives them a their sweat buttery flavor!). You see, that’s interesting! When you post ask yourself how will this engage an audience? You want to advertise? Then try doing giveaways using www.gleam.io, which has amazing social networking tools to spread the word.
Facebook is another animal where most of our success has been through remarketing. Currently, we are brainstorming both organic and paid Facebook ideas…I’m open to any suggestions. Getting customers to your homepage is the hardest part. Once they get there, your site has to convert them. When we started, we used Adwords to bring attention to our product pages but we had no other supportive information to convert them. We recrafted each page to stand on its own (assuming they never leave that page) and doubled our conversion rates!
We outsource our SEO/AdWords to a company that we learned about through our first Reddit Post. SEO can take at least 6+ months to build up your keywords on the rankings list. You need to be on the 1st page or you won’t convert traffic. We started with most organic keyword rankings on the 64th page and are have almost all of our keywords now on the 3rd page. By February most of our keywords should be on the 1st page! Many things went into this including getting quality backlinks, blogging 6 times per month with SEO rich content, carefully titling each page, section, and product; and Keyword/URL optimization.
Adwords: We foolishly spent $42,000 on AdWords and ended our campaign with $37 cost per conversion and 186.29% ROI, which doesn’t allow us to make profit during the off-season (crabs are seasonal from April to November) so we will try again in Q2, 2018.
Influencers: overall this hasn’t been profitable. We have social media influencers with 100k+ dedicated seafood/food followers whereby we grant them a vanity link and discount but it hasn’t worked. We belong to several influencer networks were they receive 8% for posting banner adds, this has only brought in $10,000…
Mia Khalifa: We reached out to Mia as she has the strongest influences (4m+ followers) for a Maryland native that loves our seafood. We sent her food and she spent a week hyping the brand including social media posts, PMs and featured a Twitch episode about Cameron’s. Definitely drove tremendous traffic although we can only ship to the USA due the transit time lag of customs. We look forward to working more with her.
Gilbert Arenas: I’m a huge Gilbert and Wizards fan! He replied to Mia’s post and a PM worked to get his interest. He is a real character and orders a lot of our seafood each month. He love the high-protein variety that (Maryland) seafood provides. Chicken and vegetables does get boring.
Washington Post: We were featured in the Washington Post on Dec 1st, see here. They did a good job summarizing our business so far. We have also been featured in Forbes, New York Times, Huffington Post and more. How? I googled the food reviewer from each of the above and figured out their contact info. Sent them a 2-line email asking them to review our food and boom!
Videos We started sharing videos of the entire process so you can see the experience before you risk order fresh seafood online. We plan to continue posting new videos in 2018 and I’d love feedback on what you would like to see?
What we do
First Customer Unboxing
Another unboxing
Resteam Maryland Crabs (gif recipe style)
Packaging demo
2018 Goals
Please provide us any feedback or ideas. We want to get better and need your help.
Discount code "holiday" will save you 10% on all order and we accept Bitcoin!
submitted by comikins to Entrepreneur [link] [comments]

Some things you may not know about BCH

  1. You (anyone) can open a web-wallet quite easily to get started: https://tsbw.io/bcc/ is open-source, or https://coin.space/?network=bitcoincash - in case you don't have a smartphone app like Jaxx or Coinomi these are temporary wallets just to get you started.
  2. You don't have to buy coin. You (anyone) can earn bch through tips here on reddit, or twitter thanks to /tipp tippr or similar bots.
  3. Anyone can also earn bch right now too on http://yours.org by posting updates that people might find interesting and/or useful. This is an amazing thing, and makes me think a lot of other platforms for earning are coming soon.
  4. You can buy gift-cards using bch on https://cryptonize.it/product/amazon-gift-card/ - if amazn ships to you this means you can buy foods and stuff to live off of (rice/beans/soylent?etc). Disclaimer: I do not work and am not associated with any of these projects. This one it seems they're getting a lot of orders so they're still working out the kinks. (https://cryptonize.it/about/). This seems like a huge business opportunity to try and work around the stranglehold that visa and mastercard have on payments. - edit: I just realized (if they're in stock) you can buy other types of giftcards (instead of or including amzn) and sell them for cash on many card-to-cash websites, and sometimes even local kiosks.
  5. Depending on where you are in the world some places, for example https://www.southxchange.com/ claim you can sell bch for fiat (if you really have to). YMMV and I have not done this. Remember, some banks hate crypto since it challenges them. If you're thinking of doing bank transfers to fiat from exchanges be careful - the bank may shut down your account! They may also cut-off links between exchanges at any time.
  6. Some places like BitPay offer crypto 'debit cards' where you can fill up with btc (not yet bch?) and then spend it like you're used to anywhere visa is accepted, but don't expect these to be around forever because they rely on visa partnerships, so don't expect them to always keep fees low either.
  7. If you don't like using Coinbase or other privacy-invasive services your options for converting bch to fiat are increasingly slim. You can try any number of exchanges that offer bch/fiat but keep in mind that security, sharing bank account info and ID info can be a big risk and sometimes the fees are huge, alternatives might include virtual exchanges such as http://virwox.com but the process goes something like BCH -> litecoin LTC -> to linden (exchange may not be cheap) -> to fiat to then withdraw fiat to skrill or paypal - fees might be steep there too and paypal hasn't been too friendly with this idea. But if you're thinking of going this route you can use Shapeshift to convert bch to ltc through coinomi.
  8. The more places that offer ways to spend bch, the more local need for putting it back into fiat is not required. However, it is a catch-22 to expect merchants to be able to buy stock from others who are not using crypto yet and start accepting bch. Most people don't understand blockchain and with it crypto so if you're planning on asking your local shopkeeper to accept bitcoin you better have a way to make it clear to them the many advantages but also how they can use their own bch to buy produce/materials to keep the business running. (Maybe via #4). This (in my opinion) is the greatest barrier to wider bch adoption.
submitted by writingabout to btc [link] [comments]

Is the site "Bitcoin Cash Address Converter" insecure?

Isn't it similar to an online seed generator, leading to similar security risks?
The Bitcoin Cash Address Converter is often recommended as a tool to convert legacy BCH addresses to addresses of the new CashAddr format and vice versa. Assume you want to transfer BCH funds from Kraken to your own private wallet address. Kraken needs a legacy address. You open the converter, enter your own known CashAddr wallet address. The site then calculates the corresponding legacy address. You use this new calculated legacy address as destination for your transaction.
Problem: The Bitcoin Cash Address Converter site inexcusably doesn't use SSL/TLS encryption, so is prone to a man-in-the-middle attack. Additionally, sites generally can be hijacked. Consequently, if you use the online generated address without any verification as destination, there is an attack scenario, where the converter site outputs not your own wallet address, but the wallet address of an attacker. Your funds would be lost forever.
As recently seen at IOTA, where a hijacked seed (address) generator site was used to scam many people, don't you think we put people at some risk here? Paranoia or not? Better use an offline tool?
submitted by softlarch to btc [link] [comments]

What kind of problems do ordinary people face when they try to purchase Cryptocurrency?

The capitalization of the cryptocurrencies has reached an unprecedented mark of 400 billion dollars. Progressive parts of society consider blockchain-decentralization as a real step towards the future. Millions of people use various cryptocurrencies every day. Each participant of this huge market goes through a number of problems and complexities — including state regulation, scammers and even hackers. Therefore, security is one of the most important aspects while using and carrying out transactions with cryptocurrencies.
One of the key aspects, which should be accompanied by the maximum level of security and comfort, is the cryptocurrency-to-fiatmoney exchange. Every owner of a cryptocurrency wallet eventually faces this challenge. Today many services allow you to convert cryptocurrency to fiat.
They can be divided into three groups: - Cryptocurrency exchanges (trading platforms) - Exchange services (exchangers) - Peer-to-peer platforms
Talking about the best way to convert cryptocurrency into fiat money is often a difficult subject to broach, especially in an objective manner. The method of converting cryptocurrency depends on the specific needs of the owner of cryptocurrency. Fore example, someone wants to exchange them quickly and has to be ready to sacrifice some of the value lost through exchanging. Nevertheless, others can wait and may do such so they do not have to overpay. That is why each case is individual. However, there is no perfect method of conversion.
For example, one of the most common ways to convert crypto to fiat is cryptocurrency exchanges or trading platforms (Bitstamp, Bitfinex, Poloniex, etc.). They are popular because currencies can be exchanged to fiat money at the most favorable exchange rate. However, this rule works only in cases when the exchange rate meets seller’s and buyer’s expectations, which may not happen. In addition, the whole process of trading on the exchange (trading platform) can take from several hours to several days. Ultimately, this means you are not able to receive fiat money in a quick timely manner.
Large exchanges (trading platforms), which are popular all over the world, have a high level of security. But even they are subjected to hacker attacks. All your money could be stolen. In addition to these problems, the choice of exchange and trading are accompanied by several more difficulties:
1) The choice of the exchange (trading platform) is limited to those currency pairs you need (often only US Dollar and Euro are available)
2) The whole process of trading and converting cryptocurrency to fiat consists of a huge number of steps and consumes a lot of time
3) Input and output of funds to and from an exchange are often accompanied by a commission fee, which in some cases can be double (for input and output separately)
Exchange services or exchangers (24xbtc, CryptoGo, Coinmama, etc.) are an easier and quicker way to get fiat. They provide an opportunity of exchanging cryptocurrency to various national currencies or to another cryptocurrency. Exchange services are different from trading platforms. Specifically, exchange services have trading operations conducted directly within itself. The cryptocurrency exchange (trading platform) in turn is mainly a platform for trading. Within trading platforms private owners of cryptocurrency and fiat money sell and buy assets from each other.
An integral part of exchange services is a commission fee. It can differ significantly, but on average it is 4–5% of the transaction amount. The commission rate depends on what kind of cryptocurrency exchange is being used and which exchange service is being used, as different exchange services have varying quotations. Exchangers differ in exchange rates, commissions, speed of transactions, banks and payment systems. Accordingly, it is difficult to quickly select the appropriate exchange service, given the large number and variety. You need to find a suitable rate, a low commission and convenient output of funds, and this cannot always happen. In addition, exchange services are often attacked by hackers and scammers, so it is always necessary to clarify in advance the conditions of conversion, commission fees and security of the service (SSL-certificate, user reviews etc.).
The above stated shortcomings, as well as the additional fact that the currency reserve may end their exchange service, unfortunately means exchangers are not the most appropriate way of converting cryptocurrency to fiat.
The peer-to-peer platform (LocalBitcoins) is not an ideal method of exchange too. Although, they provide a huge range of options for exchanging (money transfer, gift certificate, cash, etc.), a minimal level of security, frequent fraud and the need for offline meetings may make you think twice before using this method of conversion.
As you can see, each of these options of crypto-to-fiat exchange has pros and cons. None of them can guarantee the maximum level of benefits, convenience and reliability. Other ways, like crypto ATMs and crypto debit cards exist. However, such methods are not yet widely distributed and are more inconvenient in practice due to a long process of registration and identification, commission for services, and so forth. E-commerce payment systems are also an option to exchange cryptocurrency, but they also have some problems. For example, PayPal actively blocks users’ accounts associated with any transactions of cryptocurrencies. The reason for blocking cryptocurrency activity is due to a refund function that a buyer of cryptocoins can always make. Even if one has in fact received cryptocoins from the seller they may use the refund function fraudulently. Therefore, “Terms of Service” of Paypal includes the right to close accounts or freeze funds when it deems it necessary to do so.
Either way, converted funds most often ultimately go to a bank account. From this moment, in addition to the above problems with exchange services, an owner of funds may have difficulties with the bank and with the state. The bank may be interested in the origin of money received from the exchange of cryptocurrency. For example, a bank may block them until it finds out all the details. On the other side, the state considers these funds an additional income of person or entity and taxes the person accordingly. In many countries legislation related to cryptocurrencies is only being developed, but right now the main trend in the laws is the positioning of cryptocurrencies as “property” or “assets”. Depending on the circumstances and the type of business entity, cryptocurrencies fall under one of the following fundamental tax categories: income tax, company tax or capital gains tax. Therefore, the legislators will plunge into the sphere of cryptocurrencies and decentralized systems more and more. Eventually, state regulations will become stronger, deeper and further reaching. Such legislation implicates additional difficulties with the cryptocurrency circulation, exchange, taxes, fees and restrictions.
Therefore, the trend of developing decentralized platforms is extremely important. Conclusively, the decentralized platforms have to combine the maximum number of advantages of all exchange services and not depend on the state or banks.
Ubcoin Market has all the potential to become an ideal platform: - It works globally online - It is a peer-to-peer marketplace powered by smart-contracts - It allows you to quickly and safely purchase or sell goods and (in the future) services without the use of fiat money Ubcoin Market is the appropriate place where you can get real goods for cryptocurrency. No more exchanges, no more commissions. UbcoinMarket will make you completely forget about fiat money.
submitted by Ubcoin to CryptoCurrency [link] [comments]

So we launched a seed store that accepts bitcoin...

We decided to launch a medical marijuana seed site that accepts crypto currencies.
https://cannabitseeds.co.uk
That might not sound like the hugest deal unless you are on the hunt for the finest cannabis seeds but we decided to go one step further than most. We don't just accept crypto currencies but we are entirely built inside the crypto ecosystem.
We have decided to try and run without any fiat input. I have 4 radeon 7950s that have been mining for the past 8 months beneath my desk and they are our budget. We bought our hosting, we bought our domain, we bought our SSL certificate all with bitcoins mined beneath our desk (well we mine on a multipool and convert to BTC). Now our advertising budget is what we have left from mining/what we will mine. We have also managed to convince our biggest distributor to accept bitcoin, so our payments stay as crypto. We did not use bitpay or coinbase or any other site which immediately converts to crypto.
I made this post not just as an advertisement for our site but also to share our attempt to break free of fiat and be one of the first to go full Crypto. We are in this for the long haul.
If you have any questions please ask away
PS. my business partner bought the .com domain with his credit card so we redirect to the .co.uk until time comes that I can renew in crypto
submitted by cannabitseeds to Bitcoin [link] [comments]

Beginner's Guide to Exchanges - Part 2

Beginner’s Guide to Exchanges – Part 2

A little late, but as promised here is Part 2 of the Beginner’s Guide to Exchanges. I would like to sincerely thank everyone for their support and feedback in making these.
Link to Part 1
This time I also made a Google Docs survey in the hopes of sharing the results with the community. I thought we could share what we use as a whole and why redditors choose the exchanges they do. For skeptics (as you all should be), I assure you that I am not collecting personal information. This is for recreation and if you are still wary, then by all means abstain!
Link to Survey
In Part 3 I will be wrapping up this series by covering decentralized, semi-decentralized, and derivative exchanges. Here it goes!

00 – Concepts and Definitions (Continued)

04 – Fiat Exchanges – Canada

QuadrigaCX

Country Linked Bank Transfer Wire Transfer Paypal Credit/Debit Crypto Transfer
CAD Deposit 1%/ Withdraw Free Free Free (Withdraw Only) 1% (Withdraw Only) Free
USD - Free Free (Withdraw Only) - Free
Exchange Type Maker Taker
Fiat .5% .5%
BTC/ETH .2% .2%
Feature Details
2FA Google Authenticator or Email 2FA Available
Wallet Security Undisclosed amount of funds in cold storage
Web Security 3rd Party Security provided by CloudFlare
Bug Bounty Expired $50 bounties
Tier Level Name Email DOB Phone Address Official ID Bank Info Credit Score Limits
Basic Account X X Digital only, Limits Vary
Verified Account X X X X X X Limits Vary

05 – Fiat Exchanges – Europe

CEX.IO

Country Credit/Debit Bank Transfer Crypto Transfer
Europe 3.5%+ €0.24 Deposit €0 / Withdraw €25 (SEPA €10) Free
Russia 5% + ₽ 15.57 - -
UK 3.5%+ £0.20 Deposit £0 / Withdraw £20 (SEPA Free
US 3.5%+ $0.25 Deposit $0 / Withdraw $50 Deposit $0 / Withdraw 1%
Exchange Type Maker Taker
All Currencies 0% .20%
Feature Details
2FA Google Authenticator Available
Wallet Security Undisclosed amount of funds in cold storage
Credit Card Data Overseen by 3rd Party Kyte Consultants
Web Security SSL Certificates and Encrypted Personal Data
Tier Level Name Email DOB Phone Address ID + Photo Bank Info KYC Limits
Basic Account X X X Digital only
Verified Account X X X X X X $10,000 Daily/$100,000 Monthly

BTC-E / XBTC-E

Country Credit/Debit Bank Transfer Paypal
Europe - SEPA - Deposit .5% / Withdraw 1% (€100 min) -
Russia 6% 6% -
US 7% Deposit .5% ($20 min) / Withdraw 1% ($100 min) 7%
Exchange Type Maker Taker
All Currencies .20% .20%
Feature Details
2FA Google Authenticator Available
Password Expiration Must be changed every 6 months
DDoS Protection 3rd Party Security Services provided by CloudFlare
Bug Bounty Yes at xBTCe
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Verified User X X X X X No Stated Limits

Liqui.io

Exchange Type Maker Taker
All Digital Currencies 0.1% .25%
Feature Details
2FA Google Authenticator Available
Bug Bounty Reported bounty posted on HackerOne (unconfirmed)

06 – Fiat Exchanges – South Korea

안녕하세요 여러분! 혹시 우리 한국인 친구 이 보고서를 한국어로 읽고 싶어한다면 알려주세요. 관심이 많이 있다면 간단한 한국어 보고서도 만들 수 있습니다. This year, ETH has taken off like a rocket in the Land of the Morning Calm. With a population of just 50 million, South Koreans account for almost 30% of daily ETH trade volume. Even more surprising is that currently the daily volume of ETH is about 5 times higher than that of Bitcoin on Korean exchanges. Since demand is high, ETH is trading at a premium on Korean exchanges. Some users have been talking about capitalizing off this imbalance by trading on arbitrage between exchanges. For those who have no connection to Korea and hope to do so, I have bad news – all Korean exchanges require a National ID number and access to a Korean bank account. This makes Korean exchanges virtually closed to Korean nationals and those with long-term visas. Sorry everyone.

Bithumb

Coinone

Korbit

07 – Fiat Exchanges – China

With a great deal of anticipation, major Chinese exchanges started trading ETH this summer. Since these exchanges deal huge volumes of Bitcoin already, naturally it was expected that they invest heavily into ETH as well. So far this hasn’t quite lived up to the hype with many exchanges still favoring Bitcoin, Litecoin, Altcoins, and even Ethereum Classic (Gulp). Three of these exchanges underwent inspections by the Peoples Bank of China earlier this year and will be working closely with the government to ease fears of money laundering and market manipulation. There are a lot of Chinese sites, and since my Chinese is non-existent this list is basically just for name recognition. In many ways these sites are very similar in regards to security, verification, and fees compared to their western counterparts; just marketed at a different audience and currency. If users are seriously interested in these exchanges and making reviews, please contribute or ask!

OK Coin

Huobi

CH-BTC

Yunbi

08 – Coinswaps & Cryto-converters

ShapeShift

Changelly

submitted by poop_dragon to ethtrader [link] [comments]

[ANN] Developer Announcements - May 2018

All messages are taken from the official Linx Slack and Twitter with permission of the developer to share here
Previous threads:
[ANN] Developer Announcements - August 2017 [ANN] Developer Announcements - September 2017 [ANN] Developer Announcements - October 2017 [ANN] Developer Announcements - November 2017 [ANN] Developer Announcements - December 2017 [ANN] Developer Announcements - January 2018 [ANN] Developer Announcements - February 2018 [ANN] Developer Announcements - March 2018
May 1
Dev: Hi guys, we hope that you are all well. Please find our May update below.
https://mylinx.io/news/may-2018-update/ May Update:
Payment Integration: Unfortunately we have to announce that our first scheduled Linx payment retail integration has been delayed. Of course this comes as a disappointment for us as we're sure it does to you too. We have uploaded a press release from Traxsource below explaining the situation. Here is a transcription :
April 30th, 2018
Due to the increased work load involved in our ongoing store upgrades we are not in a position to integrate the Linx payment system on May 1st as planned.
We are extremely disappointed to announce this news, as both sides have put so much time & effort into making this happen. It goes without saying that we will continue to offer our full support to the Linx project & the team behind it. We hope to be able to bring this project to fruition at a later date.
Sincerely,
Brian Tappert Traxsource Managing Director
The platform : As you will no doubt be aware recent guidelines and regulations in the protection and handling of personal data is changing the way web based platforms operate. API access to some of the biggest social networks is now being restricted among other things and this has caused us to rethink a few major aspects of our own platform.
Although we firmly believe the new data regulations are a great thing for end users, it has also resulted in changes to some of the features that were originally incorporated . Our original schedule for the roll out of the platform was in stages. First we would introduce a fully functional baseline system and then start adding more features over time. After much discussion, we have now agreed that we need to deliver a much more ambitious platform from the get go. One additional aspect of the resdesigned platform is that we will now be including an audio upload and streaming service which will allow artists and musicians to showcase and sell their music directly (using Linx of course) from their profile page.
We are very close to completion and will notify beta testers as soon as we comfortable with the new model so you can put it through it's paces before release.
Block halving : Welcome news for long term holders is that in around 36 days the Linx block reward halves for the first time since our blockchain launched. This will reduce the block reward from 50 to 25 Linx, dramatically slowing down the amount of freshly minted Linx released every day. You can monitor the countdown to halving at the following page : https://mylinx.io/halving
Source and Wallets : The team is currently working on a completely updated version of the Linx source code which implements many of the latest developments in blockchain tech. iOS and Droid wallets will follow the release of the new source. As we're sure most of you are already aware, Linx wallet support is already available for iOS and Android in the excellent Coinomi app : https://coinomi.com
Lastly, although the unexpected delay in our first retail integration was not the news we’d hoped to deliver to you today, we hope that finally knowing who the retailer is will go some way to easing any concerns you may have had about the validity of the Linx project or the abilities of our team. Although we have had to adjust the schedule of our roadmap our goals for Linx remain unchanged. There is a ton of exciting things happening behind the scenes but we remain reluctant to speak about them until they are ready to be realized. In light of the current situation we hope that you will understand the reasoning behind our position on this. For those that are uncomfortable not knowing what's coming, we totally understand and trust you will use your best judgement with regards to any Linx holdings you may have.
If you have any questions about anything ask away and we'll do our best to address them where possible here in the slack channel.
Team Linx
May 2
Dev: Hi guys, before we address your questions we just want to say that the reactions to the news yesterday from the community both in here, on Telegram and on Twitter has left us somewhat deflated. We knew the delay wasn't going to be well received but we hoped that you would see that the delay was not of our making, and see the positives in revealing the name of our partner and also realise that we have been completely straight with you from the start. Instead we watched some of our "supporters" calling us scammers, some even insinuating that we dumped ahead of the announcement. Neither could be further from the truth. Emotions were running high yesterday. We wanted to let everybody have their say before we responded to anything. With that said, onto some of your questions and comments...
User: "Some of us are holders and miners from june. We deserve more @linx team" Dev: We appreciate your frustration John as we are feeling exactly the same. Months and months of work on the payment system took priority over everything else as we knew it was going to be a massive coup for the project integrating with one of the most reputable dance music retailers in the world. The amount of work involved set us back with everything else. Remember, we don't have millions of dollars raised from an ICO to just employ an army of people to get this done. All we can do is assure you that nothing has changed from our perspective, if anything our vision, especially for the platform, is bigger now than we first anticipated. We totally appreciate and respect people like yourself that have been with us from the start and shown real support for the project and we hope that your faith in the project remains.
User: "Unfortunately devs probably knew for quite some time that this wasn’t happening today and used their recent hype to dump their bags." Dev: Not true. For those calling us scammers or liars or insinuating that we have dumped our supply, we suggest that you save yourself the anxiety and exit now without looking back.
User: "if there was an exchange they would have mentioned it" Dev: Check out the guidelines and rules for listing on any of the larger exchanges.
User: "its been 1 year with nothing to show for it at the moment" Dev: Not true and extremely insulting.
User: "you don't give us enough information" Dev: Yes this is a valid point, but we did tell you how we planned to operate from day one. If we felt we could tell you things and they wouldn't be used as hyping weapons we would be much more forthcoming. The last thing we wanted from this project was a lot of hot air out there and a community getting progressively angered by promises of things to come that are yet to materialise. Yesterday, when we did say something, we watched as people from the crypto community publicly attempted to rubbish our project to our retail partner. Yes, against our better judgement we have made some statements, in good faith, regarding our roadmap along the way to address some of the constant questions raised from the community. The reason we never wanted to say anything prematurely is hopefully blatantly obvious now. We fully understand the never ending cycle of hype and fud that the cryptoscene thrives on, but we told you from the start that we were not going to do that.
User: "Since the first partnership didn't go through for now, could you tell us a bit more about the future business strategy of linxpay? Will you release the retail or consumer software to public?" Dev: Absolutely. We weren't planning to release this until the retail version was out there but yes, the consumer version will be fast forwarded now for sure. Work on the platform is currently taking priority, once that's finished this will be next. Think of it like an alternative to the paypal model. It will be as simple as registering an account and making a simple API call to start accepting Linx on any website or blog.
User: "Why set deadlines at all if it's not set in stone with Traxsource." Dev: We didn't. We agreed a deal with Traxsource in 2017. The timelines for integration were chosen and subsequently postponed by Traxsource for valid and unavoidable reasons. The 'set in stone' date of May 1st was their choice as was made clear in our previous announcement.
User: "please tell us about new exchanges." Dev: We have submitted, and are still actively submitting exchange listings. That's all we can say right now. We know that's not exactly what you want to hear but it's the truth.
User: "Good luck finding a link to that "press release" anywhere, likely fake." Dev: It's probably a good idea to wait and see next time before you accuse us of being fraudsters. The press release was entirely Traxsource's idea. They are fully aware that this further delay from their end might hurt our reputation and this is the last thing they wanted to happen. They have supported us from the start. The music industry is extremely fluid and unfortunately full of unexpected circumstances that often cause delays.
User: "reveal the identity of the devs please" Dev: If you are unable to trust us without knowing who we are then this isn't the project for you. There are plenty of crypto projects with photographs and linkedin accounts for you to invest in. We have our reasons for wanting to remain anonymous which we'll explain a bit more in the following answer.
User: "Could you provide a valid business reason why being anonymous is a good thing for Linx?" Dev: Sure. Has the anonymous nature of Bitcoin prevented it from being adopted? Charlie Lee recently stated that he will eventually pull away from the Litecoin project as he doesn't feel having a public head for the project is a good thing. We feel exactly the same way. Any project should thrive (or fail) based on the project, and not who is behind it and what they say or do. Also remaining anonymous allows us to poole our enormous resources without interference from the crypto community. For example - this was tweeted directly to our retail partner yesterday "@traxsource we have some developers who will build and deploy a working product. No need to work with @linXcoin".
User: "scam exit today?" Dev: No.
User: "So they've dumped everything" Dev: No.
User: "Why release the name of the partner? if the deal was still on you would keep the name hidden for competitive advantage" Dev: Do you think that this was the way either us or Traxsource wanted to announce this integration? Can you imagine the fallout if we had simply said that there was another delay without telling you anymore? We had no choice but to reveal the name and we are massively disappointed that we had to do it this way.
User: "The fact that you didn't begin the marketing is a problem" Dev: Yes it is a problem but we couldn't. The marketing of this integration is a joint venture between ourselves and Traxsource.
User: "obviously this is a huge disappointment for you guys, as I can't even imagine the man hours you've put into this project." Dev: Yes this is a massive disappointment for us. We have been working towards this since last year. Other aspects of the project were put on the back burner as this took priority. It's the last thing we wanted or expected and has put us behind schedule several times now, not to mention also delaying other aspects that were tied to the release of this integration. We are now having to adjust our strategy to fit the situation which is not easy when we've been working to said strategy for over a year.
User: "Also if items have changed it would be good to provide fans with more realistic + achievable timelines" Dev: Although we completely understand, and in another situation would totally agree, this is something that we will not be doing. Once bitten... From here on out we will only talk about things that are imminent. That way there is no room for disappointment on either side. We feel this is the only way to proceed and maintain credibility in the current climate.
User: "thank you for this good partnership" Dev:Thank you for again being one of the few that has actually picked up on what a big achievement this is. From the very start we asked you to trust us and for those that have, hopefully we've been proven worthy of that trust.
User: "The team must show more respect for investors" Dev: We haven't received a single penny of investment from anybody.
User: "If they didn't care about crypto community and communication at all, why give all those promises they knew they couldn't 100% deliver?" Dev: The failure for this to happen on the announced dates was not our call, we were 100% ready.
User: "So no milestone has been accomplished" Dev: If pairing up with one of the biggest retailers in our industry and thereby opening Linx up to an entirely new and significantly large audience is not a milestone then nothing we do is ever going to be good enough for you.
User: "The "store upgrade workload" reason sounds bullshit." Dev: It's not. We know the reasons for the latest delay and they are 100% valid.
User: "I think the regulations gave them cold feet" Dev: That is not the reason, see answer above.
User: "I firmly believe that Linx will have its chance to show itself to the world, and maybe it will not take long". Dev: Thank you for the vote of confidence, so do we! We wouldn't be doing this if we didn't :)
User: "The fact is the awareness of this project is only maintained by the community." Dev: Do you really think Traxsource agreed to partner with us because of the Linx community?
User: "If you are really so confident, please at least show us some proof so we can trust?" Dev: Very confused by this question, this seems an impossible ask.
User: "technically, maybe it would have been better for the devs to simply just keep the project closed as they once mentioned" Dev: Agreed.
User: "Keep in mind that there seemed to have been a NDA between linx and their partner" Dev: A fact that most other people haven't picked up on and yes, you are correct. It's not just Linx that needs to keep plans under wraps for competitive edge, our partners do too.
User: "Take a closer look at Traxsource instead and what a quality business it appears to be." Dev: Exactly. Anybody who knows anything about our market knows how big a deal this is. Maybe it would be useful for some to go back and read what Linx is all about.
User: "I just hope that the devs won't lose the motivation to achieve what they had planned". Dev: No we won't. Of course we would benefit from less criticism and more support from the community though :)
User: "I can't speak for everyone but personally as an EDM fan I truly want to see the project become reality and would love to help make it become a reality in any way I can". Dev: You are exactly the kind of person that we hoped would get behind the project and we value your support.
Dev: We have only covered a handful of questions here but it is clear that 2 of the biggest concerns you have relate to communication from us and listing on more exchanges. We will look into making both of these matters a priority going forward. We appreciate that there are some of you that have been with us since the start and we wish this recent announcement had been different for you as much as for ourselves. The last thing we wanted to do is let anybody down. It's especially hard when things are beyond our control as they were in this instance. We'll ensure that a repeat of this situation doesn't happen again by only releasing information on things that are imminent, no big lead ups.
We also hope that our answers to some of your questions do not come across too rude or dismissive, as that is really not our intention, but it is really important that we are quite blunt in our answers to avoid any misunderstandings.
In closing we just want to say that we are very encouraged by the support and activity in the community run Telegram channel especially. Please don't think that we don't care about, watch and value your support in the community channels, we most certainly do.
May 15
Dev:Hey guys,
Hope you're all well.
To address one of the issues brought up recently we are going to be posting progress updates and answer some of your questions every week or two from now on. Any questions you have can be posted in any of the Linx social groups and we'll pick a few and answer what we can.
Progress Updates :
-- Exchanges: As you are all no doubt aware the space has changed a lot over the past few months and many exchanges now only seem to be interested in ERC20 tokens that have raised significant funds from an ICO - and therefore can afford the substantial listing prices that some centralised exchanges are currently charging. We have some options on the table but we would really like to hear feedback from the community as to which exchanges they would prefer to see us spend the money on.
With that said we are totally prepared to follow the listing fee route with exchanges that still offer this option (fewer and fewer of them around it seems), but as mentioned above we would like to get some feedback from you guys before we proceed as we need to choose wisely. We want to ensure that there is a bigger marketplace for Linx traders but at the same time we don't want to see pump and dumps.
We have already submitted listing applications to several of the big exchanges but we have no further details to report at this time.
We've also begun adding Linx to voting systems on exchanges that offer this feature. Here is the voting link for SouthXchange - https://www.southxchange.com/Home/Vote - the Linx voting address is 16bt2DWHh2hxzgjK31sCifiLuUcvQaUFti if you want to support this listing. If there are any exchanges in particular that you would like us to add please let us know.
Although this is not ideal right now we believe that the future is going to be much brighter as more and more people move towards decentralised exchanges. We most certainly will be adding Linx to as many of these as possible as soon as the updated Linx source is released. The updated source fully supports DEX requirements.
-- Platform: We implemented some exciting tech this week on the streaming side of things. Beta testers will get to try it first and once we're happy that the platform is ready to launch we'll be able to tell you about it. Yes this is secretive but for good reason. We are not trying to sell anything based on this information, we're just keeping you in the loop while building something new and fresh. The last thing we need is somebody trying to copy our ideas before we've had a chance to release them. All things going well we should be in a position to give you a timeframe for the beta release in the next update. If you are wondering why you can't see any activity on our github for anything to do with the platform it's because it's all being done on our own self hosted private gitlab repository. At some point in the future we may open this repo up for community contributions, but for now it's strictly an in-house affair. Just because you can't see what's happening doesn't mean we're not busy beavering away :)
-- Retail Integration: No further news on this at the moment, please see the statement from Traxsource if you are unaware of the current situation.
Please get your questions in for the next update, we're listening :)
Wishing you all a fantastic week and, as always, thank you for being #LinxHeadz!
User: can you expand even a little on the music streaming platform?
Dev:Sure, the streaming part is just one aspect of the platform. It will enable artists to self-distribute. It can be used to simply showcase their work (think Soundcloud etc) or it can be used as a direct-to-fan sales platform utilizing instant purchases and downloads. It can also be used as a secure private distribution platform, for example - a producer or band sending out demo's to record labels. The labels will be able to play the track but the public will have no access or even knowledge that the track exists.
User: Regarding the exchanges and fees: can you elaborate on what options are on the table?
Dev:We'd rather not for the simple reason that once we start naming exchanges it opens up the doors for potentially negative responses aimed at said exchanges, remember this is all being discussed in a public forum. But more importantly, we don't want to lead the conversation. Right now the addition of new exchanges is more important to you guys than it is to us, so we'd rather hear what you want without trying to steer the debate in one direction or another.
Thanks for the suggestions of exchanges so far, please keep them coming.
May 21
Dev: Hi guys, please find some responses to your recent comments, suggestions and questions below. Team Linx
User: "wish we had more info about the payment system" Dev: As mentioned before, we spent months building a highly customised version just for Traxsource. As well as being a realtime payment processing engine it also includes a fully detailed customer management and tracking system including accounting and refund processing. It's incredibly simple to install on a retailers server and it is also completely self-hosted. It doesn't rely on, or even talk to, any of our servers. It only requires one live encrypted node (that doesn't even have to be localised) to connect to the Linx blockchain and a server with a valid SSL certificate to operate. It will convert several different FIAT currencies into Linx on the fly based on the current average exchange rate and includes weighting options for the retailer to cover any potential price swings. It's a fully automated system that creates unique user accounts for each customer and tracks their purchase history - it can even offer automatic discounts based on this. It fully integrates with any existing customer database or accounting system that a retailer may already have. It has several levels of security built in including anti-fraud mechanisms. It has a complete user management system whereby the sysadmin can grant varying levels of restricted access to company employees. It truly is a one click solution for any retailer that wants to start accepting Linx on an existing store and a fully functional out of the box customer management system for those wanting to open an online store from scratch. What was once a simple payment processing engine has evolved into a beast of a system unlike anything else out there in this space for sure.
User: "Do you feel the current developers can handle the workload required? Any plans to expand the linx team in the near term?” Dev: It is a lot of work, and the unexpected delays haven't helped at all, but it's important that these early stages of the platform are completed by the core team as they understand the full vision. Yes, we absolutely plan to expand the team once the platform stage is out of the way. We are actively looking for a dedicated lead iOS Dev, (if anybody in the community has suggestions we are all ears). We've already got people waiting to go with regards to the music PR side of things, we've had them from the start.
User: "new exchange suggestions" Dev: Many thanks to all of those that have put forward their suggestions of potential exchanges. We have been making applications where relevant. Some exchanges have already got back to us with offers of listing fees. Once we hear back from all of them we'll review the situation and decide where to go from there.
User: "Bittrex" Dev: We have already re-submitted Linx for listing on Bittrex. When we originally submitted it last year, the circulating coin supply was too low. At the time they required at least 10% of the total supply to be out there, this wasn't the case back then, but it is now. Please keep in mind that if Bittrex does decide to list Linx we will not be able to talk about it.
User: "TradeOgre also is free and good coins are being added there" Dev: Linx has been submitted for listing on TradeOgre.
User: "Dex exchanges" Dev: We will be submitting to many of these as soon as the updated source code is released. There are BIP's in the updated source that are required for DEX listings.
User: "what about the exchange you said you had?", "why aren't you talking about that?", "they have also made irresponsible announcements such as that they had 1 definite and more pending exchanges" Dev: We have definite options on the table to pay for listing Linx. We are not going to disclose what exchanges these are until, and if, we decide to actually go with any of these. This was the primary reason why we asked for your opinions.
User: "starting a community fund to cover exchange listing fees" Dev: Thank you, this is true community spirit and let's us know how much you care about this project being successful! Hopefully this won't be required but it's good to know that some of you have got our backs in this respect :)
User: "there's something fishy going with big buy orders", "looks like insider trading", "somebody knows something" Dev: As mentioned above, we have submitted Linx to several exchanges. It's possible that any of these could have decided to get some supply prior to a potential listing, but if that is the case we certainly wouldn't know about it.
User: "linx kiosk and linxtalk.org" Dev: Neither of these are anything to do with us.
User: "They abandoned the project for the moment. No roadmap,no news about exchanges, no news about the integration with TRAXSOURCE, no real dates when they communicate Only promises. I think they did on puropose to let the price go down" Dev: Categorically not true. Why would we want to kill the value of our own project and upset the entire community at the same time? We’d lose all round! If anything, it's posts spreading FUD like this that could be having negative effects on the price. Of course it's your right to say whatever you want if that's what you believe, just don't expect anything positive to come of it if you do though.
User: "sometimes I think they are professionals and they know what they do, other times I think they are naive and lacking in experience", "i think they are just to slow for crypto business", "I feel like the project is being run by arrogant musicians rather than business folk with common sense", "honestly I dont think we can expect anything from Linx" Dev: How are these comments at all helpful or constructive? Insulting our project management, our team's characters' and our abilities has no value and is nothing more than that - throwing insults. Not only is it unhelpful but it’s irresponsible to the rest of the community. These forums were set up for supporters of the project. Please remember that they are also accessible to any potential exchange or business partner. Anybody that uses these forums to simply slag off the project and the team are undermining all of our efforts and the efforts of the rest of the community to move the project forward, not to mention the negative effects comments like this will have on new members joining.
User: "They have said many times their least concern is the investors" Dev: Of course we are concerned that people have put their faith and trust in us and we aim to deliver, but if you want us to make a choice between working on making this happen or spending our time posting pointless updates to keep speculators happy the work will win every time.
We all win when we achieve what we've set out to do and then you guys start shouting about how great it is and inviting people to see for themselves. We've taken onboard the valid criticisms about the lack of communication and are actively rectifying that.
User: "You don't have to do things just to tick them..." Dev: So you want us to lie then? Wrong project.
User: "I doubt linx really want to avoid the crypto community and not understand the importance of community support, but their stance is that they only want hype when the hype is supported by fact. After being burnt by their own mini-hype they are even more conservative in leaking info now." Dev: 100% correct. It has never been our intention to cut the crypto community out, if that were the case we would have just got on and done our thing without even bothering to tell anybody about it until we were ready to go.
We are all too aware of what "community" can sometimes mean in the crypto space. We know there are many of you that support our vision and are very excited, as are we, about what we are trying to achieve, but sadly this doesn't ring true for lots of others. We're not naive, we know a lot of you are here to make money and then move on to the next thing. That's absolutely fine, but don't get that confused with "community support". What we have tried to do from the start is minimise the hype/fud that "communities" rely on as our goal for this project is much more than to just be another coin sitting on an exchange. We are building something that we hope will revolutionise the way assets change hands in our industry (the music business). This is why we haven't subscribed to the same tactics that some other crypto projects use. We know we have something here and we believe we can make this happen. We don't need, or want, people shilling the project based on future promises. We brought this project to the crypto community to give those of you that liked the sound of what we are planning the chance to get involved and support it early. We knew we were a way off from realising most of our goals which is why we haven't hyped it yet.
User: "hard questions require harder answers" Dev: Couldn't agree more, let's do it!
User: "1. Rapidly improve the entire approach to communications and remove all previous lead dev arrogance.” Dev: Communication criticisms have been taken on board, hence the regular Q&A. Lead dev arrogance? What is your reason for this comment? Please expand.
User: "2. List the coin on many many more exchanges immediately (Use dev fee if needed and discuss community raised funds).” Dev: As mentioned above, Linx has been submitted to many exchanges and the community raised funds issue has also been addressed.
User: "3. Hire more team members (actually use the dev fee / no man is an island)." Dev: So you'd like us to dump our dev fee on the exchanges to hire some more people? What do you suppose that would do to the price and confidence in the project right now? Is this really what you want us to do? We are managing this project responsibly. As explained above, we will expand our team when needed.
User: "4. Set out a new clear product roadmap that is achievable, and stick to it. This is just software, break it down and get it out there.” Dev: We have a roadmap. This isn't just "software". We are talking about opening up the crypto space to an entirely new market here. The marketing and branding of this project is just as, if not more, important as the "software".
User: "5. Stop creating more hidden sub projects / idealistic dreams, this will hurt the overall brand and project long term, if the mic cable gets pulled out again inadvertently.” Dev: You mean like issuing a new roadmap?
User: "6. Think about strategy, security and data privacy, way in advance (GDPR re: linx social platform api usage - should have seen that a mile off).” Dev: Security and privacy have been utmost in our thinking since day one. It's one of the reasons we created Linx in the first place. It's also why we shut down our web wallet. With regards to GDPR we have been fully compliant since the first line of code was typed. What we couldn't account for was how the big social platforms were going to limit, or in some cases entirely lock down their API’s due to GDPR. We've had to make adjustments based on ongoing changes being made to these platforms, as will any other platform using API’s in this way. As mentioned in the last Q&A this has actually pushed us in another, much bolder direction than we first anticipated. It's just going to take a bit longer to realise it.
User: "7. Release the new 2.0 source code and talk about it with your community." Dev: The new source is coming and there will be a full update about what's changed when it's released.
User: "8. Do more Q&A’s." Dev: Hello :)
User: "9. Listen to and work with your community (crypto or otherwise) there is much intelligence in mass. Do not ever alienate them again, these are your fans, holders and miners, keeping your network secure. Without them, this will be doomed to the bedroom.” Dev: We are well aware of the importance of the miners that secure the network. We chose a POW algorithm to ensure that Linx could involve the entire crypto scene. We also value the support of the community when it's real support or valid criticism, and not just bitching because their planned pump and dump didn't pay off. As you can see, we will happily address any valid question or criticism. But we're not going to pander to people that are simply insulting us.
User: "10. Keep positive." Dev: Why would we not be positive? It does wonders for our team moral reading comments from our "supporters" about how useless we are, it really encourages us. Seriously though, If you really mean this and want us to keep positive then you the community can help with this. Insulting us, spreading FUD & general negging is not the way to help with positivity.
submitted by CryptoSaul to LINXcoin [link] [comments]

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